Ciwen Net Tangible Assets vs Total Liab Analysis
002343 Stock | 6.74 0.15 2.18% |
Ciwen Media financial indicator trend analysis is way more than just evaluating Ciwen Media prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Ciwen Media is a good investment. Please check the relationship between Ciwen Media Net Tangible Assets and its Total Liab accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Ciwen Media 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.
Net Tangible Assets vs Total Liab
Net Tangible Assets vs Total Liab Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Ciwen Media Net Tangible Assets account and Total Liab. At this time, the significance of the direction appears to have weak relationship.
The correlation between Ciwen Media's Net Tangible Assets and Total Liab is 0.32. Overlapping area represents the amount of variation of Net Tangible Assets that can explain the historical movement of Total Liab in the same time period over historical financial statements of Ciwen Media Co, assuming nothing else is changed. The correlation between historical values of Ciwen Media's Net Tangible Assets and Total 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 Net Tangible Assets of Ciwen Media Co are associated (or correlated) with its Total Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Liab has no effect on the direction of Net Tangible Assets i.e., Ciwen Media's Net Tangible Assets and Total Liab go up and down completely randomly.
Correlation Coefficient | 0.32 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Net Tangible Assets
The total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company.Total Liab
The total amount of all liabilities that a company has, including both short-term and long-term liabilities.Most indicators from Ciwen Media's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Ciwen Media 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 Ciwen Media 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 Tax Provision is expected to grow to about 12.9 M, whereas Selling General Administrative is forecasted to decline to about 10.9 M.
Ciwen Media fundamental ratios Correlations
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Ciwen Media Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Ciwen Media fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 2.6B | 2.5B | 1.8B | 1.6B | 1.3B | 2.3B | |
Other Current Liab | 132.3M | 638.5M | 494.2M | 360.7M | 28.2M | 26.8M | |
Total Current Liabilities | 933.2M | 1.2B | 795.2M | 648.7M | 266.3M | 253.0M | |
Total Stockholder Equity | 1.6B | 1.1B | 892.7M | 939.3M | 966.9M | 1.2B | |
Other Liab | 2.0M | 1.8M | 11.6M | 3.5M | 3.2M | 3.0M | |
Retained Earnings | 188.1M | (333.6M) | (567.6M) | (518.4M) | (529.6M) | (503.1M) | |
Accounts Payable | 349.5M | 228.5M | 99.3M | 177.9M | 107.4M | 102.0M | |
Cash | 322.7M | 383.0M | 240.8M | 369.7M | 177.0M | 168.2M | |
Other Assets | 62.2M | 35.5M | 99.0M | 97.9M | 112.5M | 118.2M | |
Long Term Debt | 402M | 136.7M | 17.0M | 16.6M | 19.1M | 18.1M | |
Net Receivables | 1.1B | 532.2M | 234.7M | 171.5M | 200.6M | 190.6M | |
Inventory | 877.6M | 1.2B | 1.0B | 797.5M | 497.9M | 606.4M | |
Other Current Assets | 95.3M | 72.3M | 4.1M | 7.7M | 36.9M | 49.4M | |
Total Liab | 935.2M | 1.3B | 840.3M | 652.2M | 269.9M | 256.4M | |
Intangible Assets | 9.8M | 5.6M | 92.2K | 34.0K | 30.6K | 29.1K | |
Property Plant Equipment | 30.3M | 27.9M | 26.3M | 23.9M | 21.5M | 20.4M | |
Net Tangible Assets | 1.5B | 1.1B | 892.7M | 939.3M | 1.1B | 1.1B | |
Other Stockholder Equity | (1.0M) | (424.3K) | 6.8M | 4.1M | 4.7M | 5.0M | |
Deferred Long Term Liab | 4.2M | 2.2M | 279.1K | 102.7K | 92.5K | 87.8K | |
Total Current Assets | 2.4B | 2.4B | 1.6B | 1.5B | 937.1M | 1.8B | |
Non Current Assets Total | 233.3M | 87.8M | 154.2M | 144.5M | 330.6M | 344.7M | |
Non Current Liabilities Total | 2.0M | 74.4M | 45.1M | 3.5M | 3.6M | 3.4M | |
Short Long Term Debt | 346.4M | 349.1M | 169.2M | 60M | 35.6M | 33.8M | |
Net Invested Capital | 2.0B | 1.5B | 1.1B | 999.3M | 1.0B | 1.4B | |
Net Working Capital | 1.5B | 1.1B | 809.4M | 829.4M | 670.8M | 951.9M |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Ciwen Stock
Balance Sheet is a snapshot of the financial position of Ciwen Media at a specified time, usually calculated after every quarter, six months, or one year. Ciwen Media Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Ciwen Media 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 Ciwen currently owns. An asset can also be divided into two categories, current and non-current.