TongFu Other Liab vs Short Term Debt Analysis

002156 Stock   29.99  0.36  1.21%   
TongFu Microelectronics financial indicator trend analysis is much more than just breaking down TongFu Microelectronics prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether TongFu Microelectronics is a good investment. Please check the relationship between TongFu Microelectronics Other Liab and its Short Term Debt accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in TongFu Microelectronics Co. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Other Liab vs Short Term Debt

Other Liab vs Short Term Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of TongFu Microelectronics Other Liab account and Short Term Debt. At this time, the significance of the direction appears to have very strong relationship.
The correlation between TongFu Microelectronics' Other Liab and Short Term Debt is 0.84. Overlapping area represents the amount of variation of Other Liab that can explain the historical movement of Short Term Debt in the same time period over historical financial statements of TongFu Microelectronics Co, assuming nothing else is changed. The correlation between historical values of TongFu Microelectronics' Other Liab and Short Term Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Liab of TongFu Microelectronics Co are associated (or correlated) with its Short Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Term Debt has no effect on the direction of Other Liab i.e., TongFu Microelectronics' Other Liab and Short Term Debt go up and down completely randomly.

Correlation Coefficient

0.84
Relationship DirectionPositive 
Relationship StrengthStrong

Other Liab

Short Term Debt

Most indicators from TongFu Microelectronics' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into TongFu Microelectronics current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in TongFu Microelectronics Co. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.
The current year's Selling General Administrative is expected to grow to about 197 M. The current year's Tax Provision is expected to grow to about 27 M
 2021 2022 2023 2024 (projected)
Gross Profit2.7B3.0B2.6B1.8B
Research Development1.1B1.3B1.2B748.0M

TongFu Microelectronics fundamental ratios Correlations

0.670.990.990.790.990.960.960.990.970.980.980.951.00.860.950.990.95-0.440.270.770.870.940.930.920.91
0.670.710.640.420.70.830.630.630.660.690.710.660.70.560.50.610.56-0.340.140.590.70.770.610.760.77
0.990.710.980.780.980.960.950.990.960.970.990.951.00.850.920.980.94-0.420.310.790.90.940.950.920.92
0.990.640.980.780.980.940.970.980.960.970.970.940.990.850.960.980.95-0.390.250.760.860.930.930.90.89
0.790.420.780.780.760.740.770.730.620.750.760.870.770.960.870.740.59-0.030.340.80.850.680.840.590.61
0.990.70.980.980.760.960.950.980.970.960.970.950.990.830.930.980.94-0.490.190.730.830.930.890.930.92
0.960.830.960.940.740.960.910.920.930.950.950.930.960.840.860.920.87-0.440.20.750.860.950.870.930.92
0.960.630.950.970.770.950.910.950.930.890.910.910.960.850.920.940.91-0.380.120.760.860.920.930.880.88
0.990.630.990.980.730.980.920.950.980.960.980.930.990.790.921.00.97-0.490.270.730.840.910.920.920.92
0.970.660.960.960.620.970.930.930.980.950.950.880.970.720.870.980.98-0.580.170.650.760.920.850.940.92
0.980.690.970.970.750.960.950.890.960.950.980.910.970.830.920.970.92-0.440.390.720.830.910.880.90.87
0.980.710.990.970.760.970.950.910.980.950.980.930.990.830.920.970.93-0.410.40.770.890.920.930.910.9
0.950.660.950.940.870.950.930.910.930.880.910.930.950.90.910.930.84-0.370.220.830.880.890.920.860.88
1.00.71.00.990.770.990.960.960.990.970.970.990.950.840.930.990.95-0.450.270.770.880.940.940.930.92
0.860.560.850.850.960.830.840.850.790.720.830.830.90.840.90.80.68-0.130.30.80.890.790.890.690.69
0.950.50.920.960.870.930.860.920.920.870.920.920.910.930.90.930.86-0.280.330.760.850.830.910.790.78
0.990.610.980.980.740.980.920.941.00.980.970.970.930.990.80.930.97-0.510.260.710.820.90.910.910.9
0.950.560.940.950.590.940.870.910.970.980.920.930.840.950.680.860.97-0.510.210.650.740.890.850.910.89
-0.44-0.34-0.42-0.39-0.03-0.49-0.44-0.38-0.49-0.58-0.44-0.41-0.37-0.45-0.13-0.28-0.51-0.510.190.08-0.06-0.38-0.18-0.52-0.5
0.270.140.310.250.340.190.20.120.270.170.390.40.220.270.30.330.260.210.190.340.390.210.340.140.14
0.770.590.790.760.80.730.750.760.730.650.720.770.830.770.80.760.710.650.080.340.940.830.880.760.79
0.870.70.90.860.850.830.860.860.840.760.830.890.880.880.890.850.820.74-0.060.390.940.880.970.80.83
0.940.770.940.930.680.930.950.920.910.920.910.920.890.940.790.830.90.89-0.380.210.830.880.880.970.97
0.930.610.950.930.840.890.870.930.920.850.880.930.920.940.890.910.910.85-0.180.340.880.970.880.820.84
0.920.760.920.90.590.930.930.880.920.940.90.910.860.930.690.790.910.91-0.520.140.760.80.970.820.99
0.910.770.920.890.610.920.920.880.920.920.870.90.880.920.690.780.90.89-0.50.140.790.830.970.840.99
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TongFu Microelectronics Account Relationship Matchups

TongFu Microelectronics fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets16.2B21.2B27.1B35.6B34.9B36.6B
Other Current Liab470.1M221.2M666.0M1.2B264.3M230.9M
Total Current Liabilities7.3B7.2B10.3B13.7B13.0B13.6B
Total Stockholder Equity6.1B9.6B10.4B13.8B13.9B14.6B
Other Liab1.4B1.4B1.5B1.3B1.5B1.6B
Retained Earnings1.1B1.5B2.4B2.9B2.7B2.8B
Accounts Payable2.0B2.6B4.1B6.0B3.8B4.0B
Cash2.2B4.1B4.2B4.2B4.5B4.7B
Other Assets432.9M522.6M799.3M1.0B1.2B1.2B
Long Term Debt993.0M2.4B4.2B6.0B6.0B6.3B
Net Receivables1.7B1.8B2.3B4.6B3.9B4.1B
Inventory1.9B1.4B2.1B3.5B3.1B3.3B
Other Current Assets224.2M290.1M457.3M445.0M418.8M439.7M
Total Liab9.7B11.2B16.1B21.1B20.2B21.2B
Intangible Assets288.7M352.3M318.3M359.3M327.0M343.4M
Property Plant Equipment8.1B10.3B15.6B19.5B22.5B23.6B
Net Tangible Assets4.7B8.2B9.2B12.4B14.2B14.9B
Other Stockholder Equity133.5M(3.9M)(101.2M)68.7M61.9M65.0M
Short Long Term Debt4.3B3.6B3.6B4.2B3.9B3.0B
Total Current Assets6.1B8.9B9.1B13.1B12.2B8.0B
Non Current Assets Total10.1B12.4B18.0B22.5B22.7B15.1B
Non Currrent Assets Other180.3M212.3M421.3M494.6M522.0M279.6M
Good Will1.1B1.0B964.4M1.1B1.1B1.2B
Non Current Liabilities Total2.4B4.0B5.8B7.3B7.2B4.5B
Non Current Liabilities Other1.1B1.0B978.9M638.4M432.0M755.1M
Net Debt2.8B1.9B3.7B6.0B5.4B3.5B
Net Invested Capital11.2B15.6B18.3B24.1B23.8B17.3B
Net Working Capital(1.2B)1.6B(1.1B)(614.6M)(803.0M)(762.9M)

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Other Information on Investing in TongFu Stock

Balance Sheet is a snapshot of the financial position of TongFu Microelectronics at a specified time, usually calculated after every quarter, six months, or one year. TongFu Microelectronics Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of TongFu Microelectronics and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which TongFu currently owns. An asset can also be divided into two categories, current and non-current.