Holitech Total Liab vs Other Current Liab Analysis

002217 Stock   2.19  0.11  4.78%   
Holitech Technology financial indicator trend analysis is much more than just examining Holitech Technology latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Holitech Technology is a good investment. Please check the relationship between Holitech Technology Total Liab and its Other Current Liab accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Holitech Technology 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 board of governors.

Total Liab vs Other Current Liab

Total Liab vs Other Current Liab Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Holitech Technology Total Liab account and Other Current Liab. At this time, the significance of the direction appears to have strong relationship.
The correlation between Holitech Technology's Total Liab and Other Current Liab is 0.72. Overlapping area represents the amount of variation of Total Liab that can explain the historical movement of Other Current Liab in the same time period over historical financial statements of Holitech Technology Co, assuming nothing else is changed. The correlation between historical values of Holitech Technology's Total Liab and Other Current Liab is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Liab of Holitech Technology Co are associated (or correlated) with its Other Current Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Liab has no effect on the direction of Total Liab i.e., Holitech Technology's Total Liab and Other Current Liab go up and down completely randomly.

Correlation Coefficient

0.72
Relationship DirectionPositive 
Relationship StrengthSignificant

Total Liab

The total amount of all liabilities that a company has, including both short-term and long-term liabilities.

Other Current Liab

Most indicators from Holitech Technology's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Holitech Technology 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 Holitech Technology 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 board of governors.
The current year's Tax Provision is expected to grow to about 1.5 B, whereas Selling General Administrative is forecasted to decline to about 201.6 M.

Holitech Technology fundamental ratios Correlations

0.90.740.930.750.960.180.670.290.980.870.980.820.620.870.940.960.840.790.940.990.850.830.760.83-0.41
0.90.640.960.480.930.30.88-0.010.880.690.940.720.610.690.740.910.80.770.980.850.960.90.840.88-0.42
0.740.640.720.530.70.130.50.270.740.510.70.860.590.510.690.760.830.420.720.750.580.670.440.580.1
0.930.960.720.530.970.390.810.030.950.740.950.770.540.740.830.890.870.791.00.90.940.820.850.92-0.39
0.750.480.530.530.65-0.410.090.820.690.80.690.630.480.80.860.750.490.540.540.820.310.510.210.31-0.25
0.960.930.70.970.650.270.760.150.980.790.980.750.580.790.910.910.790.80.970.940.90.80.840.91-0.5
0.180.30.130.39-0.410.270.49-0.770.280.10.190.09-0.050.10.030.030.340.360.360.10.50.070.660.61-0.18
0.670.880.50.810.090.760.49-0.370.670.330.760.50.510.330.460.690.660.530.830.580.940.80.850.86-0.39
0.29-0.010.270.030.820.15-0.77-0.370.220.390.20.320.260.390.480.350.15-0.020.040.41-0.210.13-0.36-0.240.03
0.980.880.740.950.690.980.280.670.220.840.950.780.550.840.940.90.830.790.950.970.850.740.790.88-0.44
0.870.690.510.740.80.790.10.330.390.840.810.70.41.00.840.790.660.830.750.890.60.60.570.62-0.33
0.980.940.70.950.690.980.190.760.20.950.810.790.610.810.890.960.80.810.960.950.890.880.810.86-0.43
0.820.720.860.770.630.750.090.50.320.780.70.790.430.70.720.820.870.530.780.830.660.790.520.590.03
0.620.610.590.540.480.58-0.050.510.260.550.40.610.430.40.580.720.490.390.590.620.480.580.380.45-0.42
0.870.690.510.740.80.790.10.330.390.841.00.810.70.40.840.80.660.830.750.890.60.60.570.62-0.33
0.940.740.690.830.860.910.030.460.480.940.840.890.720.580.840.860.70.710.830.960.660.620.610.71-0.49
0.960.910.760.890.750.910.030.690.350.90.790.960.820.720.80.860.830.710.910.950.810.910.650.73-0.31
0.840.80.830.870.490.790.340.660.150.830.660.80.870.490.660.70.830.520.860.840.790.790.620.72-0.06
0.790.770.420.790.540.80.360.53-0.020.790.830.810.530.390.830.710.710.520.80.760.710.570.770.76-0.41
0.940.980.721.00.540.970.360.830.040.950.750.960.780.590.750.830.910.860.80.910.940.840.850.91-0.4
0.990.850.750.90.820.940.10.580.410.970.890.950.830.620.890.960.950.840.760.910.770.780.660.76-0.37
0.850.960.580.940.310.90.50.94-0.210.850.60.890.660.480.60.660.810.790.710.940.770.850.920.95-0.42
0.830.90.670.820.510.80.070.80.130.740.60.880.790.580.60.620.910.790.570.840.780.850.650.69-0.14
0.760.840.440.850.210.840.660.85-0.360.790.570.810.520.380.570.610.650.620.770.850.660.920.650.97-0.55
0.830.880.580.920.310.910.610.86-0.240.880.620.860.590.450.620.710.730.720.760.910.760.950.690.97-0.52
-0.41-0.420.1-0.39-0.25-0.5-0.18-0.390.03-0.44-0.33-0.430.03-0.42-0.33-0.49-0.31-0.06-0.41-0.4-0.37-0.42-0.14-0.55-0.52
Click cells to compare fundamentals

Holitech Technology Account Relationship Matchups

Holitech Technology fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets34.3B30.4B29.3B23.3B7.6B11.7B
Short Long Term Debt Total8.9B9.8B11.3B10.9B7.2B3.8B
Other Current Liab1.1B1.7B345.0M398.0M73.9M70.2M
Total Current Liabilities18.9B16.4B15.2B13.8B12.3B6.3B
Total Stockholder Equity12.1B8.9B8.9B5.5B(6.5B)(6.2B)
Property Plant And Equipment Net6.2B5.8B5.3B4.8B3.5B2.6B
Current Deferred Revenue1.6B789.2M683.6M44.3M2.7B2.8B
Net Debt4.5B7.2B8.1B8.5B6.5B6.8B
Retained Earnings4.2B928.9M989.2M(2.5B)(14.5B)(13.8B)
Accounts Payable7.7B6.3B5.2B4.1B2.9B2.4B
Cash4.4B2.6B3.2B2.3B706.5M671.2M
Non Current Assets Total10.9B10.9B10.6B10.5B4.5B4.5B
Non Currrent Assets Other1.4B1.3B533.1M898.0M28.4M27.0M
Other Assets1.1B1.02.3B2.4B1.151.09
Cash And Short Term Investments4.4B2.6B3.2B2.3B706.5M671.2M
Net Receivables9.1B7.5B6.2B3.4B809.3M768.8M
Liabilities And Stockholders Equity34.3B30.4B29.3B23.3B7.6B11.7B
Inventory5.6B6.5B6.7B5.3B736.7M699.9M
Other Current Assets4.3B2.9B2.6B1.7B932.3M778.7M
Other Stockholder Equity4.7B4.7B4.5B4.5B4.8B2.4B
Total Liab20.7B19.9B18.8B16.7B13.7B7.4B
Total Current Assets23.4B19.5B18.7B12.8B3.2B3.0B
Short Term Debt8.5B7.6B9.0B9.3B6.7B7.0B
Intangible Assets742.8M899.9M974.0M1.2B241.2M352.6M
Property Plant Equipment6.2B5.8B5.3B4.8B5.5B5.8B
Short Term Investments17.8M7.5M(635.4M)50M(299.2M)(284.3M)
Other Liab377.4M374.8M302.1M259.0M297.8M153.6M
Long Term Debt1.4B2.2B2.2B1.5B466.5M443.2M
Non Current Liabilities Total1.8B3.6B3.6B2.9B1.4B1.3B
Net Tangible Assets9.3B6.2B6.3B2.9B2.6B5.0B
Good Will2.3B2.0B1.9B1.7B1.5B1.7B
Deferred Long Term Liab1.0B949.5M878.0M849.9M977.4M650.2M
Short Long Term Debt7.1B6.3B7.2B6.6B3.9B5.1B
Non Current Liabilities Other1.1B357.5M8.8M23.2M20.9M19.8M
Net Invested Capital19.7B17.3B18.3B13.6B(2.1B)(2.0B)
Net Working Capital4.5B3.1B3.5B(1.0B)(9.1B)(8.7B)

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Other Information on Investing in Holitech Stock

Balance Sheet is a snapshot of the financial position of Holitech Technology at a specified time, usually calculated after every quarter, six months, or one year. Holitech Technology Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Holitech Technology 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 Holitech currently owns. An asset can also be divided into two categories, current and non-current.