Ciwen Total Current Liabilities vs Other Current 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 Total Current Liabilities and its Other Current 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.

Total Current Liabilities vs Other Current Liab

Total Current Liabilities vs Other Current Liab Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Ciwen Media Total Current Liabilities account and Other Current Liab. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Ciwen Media's Total Current Liabilities and Other Current Liab is 0.95. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Other Current 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 Total Current Liabilities 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 Current Liabilities of Ciwen Media 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 Current Liabilities i.e., Ciwen Media's Total Current Liabilities and Other Current Liab go up and down completely randomly.

Correlation Coefficient

0.95
Relationship DirectionPositive 
Relationship StrengthVery Strong

Total Current Liabilities

Total Current Liabilities is an item on Ciwen Media balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Ciwen Media Co are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.

Other Current Liab

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

0.840.910.850.350.670.660.860.180.740.90.64-0.050.910.180.29-0.420.81-0.510.47-0.340.880.920.150.00.29
0.840.950.550.360.440.480.750.210.710.730.81-0.250.940.090.44-0.550.73-0.60.41-0.160.780.77-0.03-0.080.25
0.910.950.640.320.550.670.780.160.730.890.77-0.160.970.160.4-0.520.74-0.560.48-0.350.910.880.01-0.060.25
0.850.550.640.020.590.620.850.180.460.760.450.120.580.070.26-0.170.52-0.330.54-0.290.730.810.1-0.090.4
0.350.360.320.020.420.010.1-0.180.360.360.07-0.180.530.330.04-0.240.78-0.26-0.31-0.230.10.080.370.39-0.33
0.670.440.550.590.420.690.68-0.510.650.66-0.040.190.620.5-0.370.240.730.21-0.21-0.750.570.690.780.68-0.37
0.660.480.670.620.010.690.58-0.240.610.760.270.370.610.33-0.020.090.41-0.020.19-0.70.790.760.270.23-0.1
0.860.750.780.850.10.680.580.080.660.740.47-0.030.740.030.15-0.20.65-0.260.38-0.330.790.870.260.090.26
0.180.210.160.18-0.18-0.51-0.240.080.040.080.55-0.390.09-0.40.75-0.75-0.01-0.790.760.760.190.0-0.73-0.850.86
0.740.710.730.460.360.650.610.660.040.630.34-0.030.780.280.07-0.220.76-0.260.06-0.30.770.640.350.28-0.06
0.90.730.890.760.360.660.760.740.080.630.6-0.040.880.20.34-0.420.73-0.480.47-0.520.910.870.09-0.010.2
0.640.810.770.450.07-0.040.270.470.550.340.6-0.330.68-0.210.77-0.810.37-0.850.780.140.650.58-0.57-0.620.62
-0.05-0.25-0.160.12-0.180.190.37-0.03-0.39-0.03-0.04-0.33-0.18-0.26-0.330.59-0.170.42-0.24-0.34-0.050.010.270.3-0.29
0.910.940.970.580.530.620.610.740.090.780.880.68-0.180.230.34-0.510.87-0.540.32-0.370.840.810.140.070.13
0.180.090.160.070.330.50.330.03-0.40.280.2-0.21-0.260.23-0.360.270.330.26-0.35-0.40.10.180.520.52-0.4
0.290.440.40.260.04-0.37-0.020.150.750.070.340.77-0.330.34-0.36-0.810.14-0.90.780.40.350.1-0.79-0.810.73
-0.42-0.55-0.52-0.17-0.240.240.09-0.2-0.75-0.22-0.42-0.810.59-0.510.27-0.81-0.360.94-0.73-0.37-0.43-0.250.630.7-0.68
0.810.730.740.520.780.730.410.65-0.010.760.730.37-0.170.870.330.14-0.36-0.40.05-0.320.610.610.420.3-0.03
-0.51-0.6-0.56-0.33-0.260.21-0.02-0.26-0.79-0.26-0.48-0.850.42-0.540.26-0.90.94-0.4-0.77-0.37-0.47-0.290.660.73-0.71
0.470.410.480.54-0.31-0.210.190.380.760.060.470.78-0.240.32-0.350.78-0.730.05-0.770.280.540.45-0.71-0.850.91
-0.34-0.16-0.35-0.29-0.23-0.75-0.7-0.330.76-0.3-0.520.14-0.34-0.37-0.40.4-0.37-0.32-0.370.28-0.41-0.5-0.57-0.620.54
0.880.780.910.730.10.570.790.790.190.770.910.65-0.050.840.10.35-0.430.61-0.470.54-0.410.890.0-0.090.28
0.920.770.880.810.080.690.760.870.00.640.870.580.010.810.180.1-0.250.61-0.290.45-0.50.890.180.060.21
0.15-0.030.010.10.370.780.270.26-0.730.350.09-0.570.270.140.52-0.790.630.420.66-0.71-0.570.00.180.95-0.68
0.0-0.08-0.06-0.090.390.680.230.09-0.850.28-0.01-0.620.30.070.52-0.810.70.30.73-0.85-0.62-0.090.060.95-0.85
0.290.250.250.4-0.33-0.37-0.10.260.86-0.060.20.62-0.290.13-0.40.73-0.68-0.03-0.710.910.540.280.21-0.68-0.85
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Ciwen Media Account Relationship Matchups

Ciwen Media fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets2.6B2.5B1.8B1.6B1.3B2.3B
Other Current Liab132.3M638.5M494.2M360.7M28.2M26.8M
Total Current Liabilities933.2M1.2B795.2M648.7M266.3M253.0M
Total Stockholder Equity1.6B1.1B892.7M939.3M966.9M1.2B
Other Liab2.0M1.8M11.6M3.5M3.2M3.0M
Retained Earnings188.1M(333.6M)(567.6M)(518.4M)(529.6M)(503.1M)
Accounts Payable349.5M228.5M99.3M177.9M107.4M102.0M
Cash322.7M383.0M240.8M369.7M177.0M168.2M
Other Assets62.2M35.5M99.0M97.9M112.5M118.2M
Long Term Debt402M136.7M17.0M16.6M19.1M18.1M
Net Receivables1.1B532.2M234.7M171.5M200.6M190.6M
Inventory877.6M1.2B1.0B797.5M497.9M606.4M
Other Current Assets95.3M72.3M4.1M7.7M36.9M49.4M
Total Liab935.2M1.3B840.3M652.2M269.9M256.4M
Intangible Assets9.8M5.6M92.2K34.0K30.6K29.1K
Property Plant Equipment30.3M27.9M26.3M23.9M21.5M20.4M
Net Tangible Assets1.5B1.1B892.7M939.3M1.1B1.1B
Other Stockholder Equity(1.0M)(424.3K)6.8M4.1M4.7M5.0M
Deferred Long Term Liab4.2M2.2M279.1K102.7K92.5K87.8K
Total Current Assets2.4B2.4B1.6B1.5B937.1M1.8B
Non Current Assets Total233.3M87.8M154.2M144.5M330.6M344.7M
Non Current Liabilities Total2.0M74.4M45.1M3.5M3.6M3.4M
Short Long Term Debt346.4M349.1M169.2M60M35.6M33.8M
Net Invested Capital2.0B1.5B1.1B999.3M1.0B1.4B
Net Working Capital1.5B1.1B809.4M829.4M670.8M951.9M

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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.