Chengdu Other Stockholder Equity vs Total Current Liabilities Analysis

002480 Stock   5.32  0.04  0.75%   
Chengdu Xinzhu financial indicator trend analysis is way more than just evaluating Chengdu Xinzhu RoadBridge prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Chengdu Xinzhu RoadBridge is a good investment. Please check the relationship between Chengdu Xinzhu Other Stockholder Equity and its Total Current Liabilities accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Chengdu Xinzhu RoadBridge. 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 Stockholder Equity vs Total Current Liabilities

Other Stockholder Equity vs Total Current Liabilities Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Chengdu Xinzhu RoadBridge Other Stockholder Equity account and Total Current Liabilities. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Chengdu Xinzhu's Other Stockholder Equity and Total Current Liabilities is -0.69. Overlapping area represents the amount of variation of Other Stockholder Equity that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of Chengdu Xinzhu RoadBridge, assuming nothing else is changed. The correlation between historical values of Chengdu Xinzhu's Other Stockholder Equity and Total Current Liabilities 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 Stockholder Equity of Chengdu Xinzhu RoadBridge are associated (or correlated) with its Total Current Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Liabilities has no effect on the direction of Other Stockholder Equity i.e., Chengdu Xinzhu's Other Stockholder Equity and Total Current Liabilities go up and down completely randomly.

Correlation Coefficient

-0.69
Relationship DirectionNegative 
Relationship StrengthWeak

Other Stockholder Equity

Total Current Liabilities

Total Current Liabilities is an item on Chengdu Xinzhu balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Chengdu Xinzhu RoadBridge 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.
Most indicators from Chengdu Xinzhu's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Chengdu Xinzhu RoadBridge 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 Chengdu Xinzhu RoadBridge. 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 67.6 M, whereas Selling General Administrative is forecasted to decline to about 49.7 M.
 2022 2023 2024 2025 (projected)
Gross Profit511.4M644.1M740.7M408.4M
Research Development77.7M83.6M96.1M58.8M

Chengdu Xinzhu fundamental ratios Correlations

0.310.960.030.57-0.90.930.910.840.560.260.240.990.840.60.620.95-0.70.57-0.78-0.780.760.80.250.830.66
0.310.320.190.35-0.250.340.460.34-0.28-0.07-0.090.290.380.390.40.18-0.070.68-0.58-0.180.340.390.050.340.4
0.960.320.060.59-0.850.980.890.890.570.420.090.960.890.60.640.87-0.680.51-0.73-0.690.810.870.460.860.76
0.030.190.060.410.330.090.120.30.210.38-0.1-0.080.220.530.47-0.190.070.090.00.160.060.150.23-0.150.09
0.570.350.590.41-0.460.60.470.780.510.36-0.160.520.760.870.810.39-0.110.39-0.53-0.470.670.640.210.520.56
-0.9-0.25-0.850.33-0.46-0.79-0.75-0.71-0.38-0.01-0.21-0.93-0.75-0.44-0.48-0.920.6-0.510.830.89-0.73-0.7-0.06-0.77-0.59
0.930.340.980.090.6-0.790.860.890.570.480.010.920.890.620.650.82-0.650.48-0.67-0.590.790.870.510.860.75
0.910.460.890.120.47-0.750.860.730.450.230.230.90.730.510.480.84-0.670.69-0.74-0.640.680.760.340.790.66
0.840.340.890.30.78-0.710.890.730.570.4-0.140.810.970.810.790.66-0.470.48-0.74-0.680.880.90.510.710.83
0.56-0.280.570.210.51-0.380.570.450.570.550.180.530.510.580.550.52-0.15-0.01-0.11-0.310.570.50.420.660.52
0.26-0.070.420.380.36-0.010.480.230.40.55-0.090.230.390.340.440.11-0.05-0.330.10.160.380.410.60.380.39
0.24-0.090.09-0.1-0.16-0.210.010.23-0.140.18-0.090.23-0.23-0.050.040.37-0.150.09-0.03-0.18-0.15-0.25-0.370.21-0.17
0.990.290.96-0.080.52-0.930.920.90.810.530.230.230.820.530.570.97-0.710.56-0.78-0.790.750.790.240.850.66
0.840.380.890.220.76-0.750.890.730.970.510.39-0.230.820.780.770.68-0.470.48-0.79-0.710.910.940.460.720.82
0.60.390.60.530.87-0.440.620.510.810.580.34-0.050.530.780.90.41-0.070.41-0.56-0.490.720.660.260.560.63
0.620.40.640.470.81-0.480.650.480.790.550.440.040.570.770.90.43-0.080.36-0.6-0.510.760.680.280.60.68
0.950.180.87-0.190.39-0.920.820.840.660.520.110.370.970.680.410.43-0.720.52-0.68-0.760.610.640.070.80.5
-0.7-0.07-0.680.07-0.110.6-0.65-0.67-0.47-0.15-0.05-0.15-0.71-0.47-0.07-0.08-0.72-0.510.460.46-0.26-0.45-0.19-0.39-0.22
0.570.680.510.090.39-0.510.480.690.48-0.01-0.330.090.560.480.410.360.52-0.51-0.73-0.530.430.490.050.460.43
-0.78-0.58-0.730.0-0.530.83-0.67-0.74-0.74-0.110.1-0.03-0.78-0.79-0.56-0.6-0.680.46-0.730.89-0.76-0.75-0.07-0.57-0.66
-0.78-0.18-0.690.16-0.470.89-0.59-0.64-0.68-0.310.16-0.18-0.79-0.71-0.49-0.51-0.760.46-0.530.89-0.72-0.660.02-0.55-0.57
0.760.340.810.060.67-0.730.790.680.880.570.38-0.150.750.910.720.760.61-0.260.43-0.76-0.720.930.530.80.95
0.80.390.870.150.64-0.70.870.760.90.50.41-0.250.790.940.660.680.64-0.450.49-0.75-0.660.930.570.750.88
0.250.050.460.230.21-0.060.510.340.510.420.6-0.370.240.460.260.280.07-0.190.05-0.070.020.530.570.420.7
0.830.340.86-0.150.52-0.770.860.790.710.660.380.210.850.720.560.60.8-0.390.46-0.57-0.550.80.750.420.77
0.660.40.760.090.56-0.590.750.660.830.520.39-0.170.660.820.630.680.5-0.220.43-0.66-0.570.950.880.70.77
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Chengdu Xinzhu Account Relationship Matchups

Chengdu Xinzhu fundamental ratios Accounts

202020212022202320242025 (projected)
Total Assets7.4B6.2B11.8B13.4B15.5B16.2B
Other Current Liab829.7M31.9M237.8M227.1M261.1M134.7M
Total Current Liabilities3.4B2.8B3.8B5.5B6.3B6.6B
Total Stockholder Equity2.7B2.4B1.8B1.4B1.6B2.0B
Other Liab41.7M45.4M53.9M53.8M61.8M35.7M
Retained Earnings109.0M(177.1M)(768.4M)(1.1B)(999.7M)(949.7M)
Accounts Payable1.8B1.1B1.5B2.6B3.0B3.2B
Cash1.7B817.6M1.3B1.9B2.2B2.3B
Other Assets795.3M754.9M718.3M818.5M941.2M988.3M
Net Receivables365.2M1.0B1.5B1.7B2.0B1.2B
Inventory549.9M477.1M455.5M599.4M689.4M606.5M
Other Current Assets40.9M38.8M170.8M233.5M268.5M141.1M
Total Liab4.6B3.7B8.9B10.9B12.5B13.1B
Intangible Assets729.0M808.1M862.0M799.0M918.9M964.8M
Property Plant Equipment1.6B2.1B2.2B2.2B2.5B1.4B
Long Term Debt488.4M198.8M3.2B3.8B4.3B4.5B
Net Tangible Assets2.0B1.6B2.3B2.0B2.3B2.2B
Other Stockholder Equity1.7M9.1M(1.3M)(42.8M)(38.5M)(36.6M)
Deferred Long Term Liab385.7M386.0M325.9M435.1M500.3M301.3M
Short Long Term Debt698.7M711.1M397.2M610.6M702.2M723.9M
Total Current Assets3.6B2.4B4.1B5.3B6.1B3.9B
Non Current Assets Total3.8B3.8B7.7B8.1B9.3B4.7B
Non Currrent Assets Other4.9M5.1M253.1M26.4M30.4M28.8M
Non Current Liabilities Total1.2B883.4M5.2B5.4B6.2B6.5B
Net Invested Capital3.9B3.3B5.4B5.8B6.7B4.7B
Net Working Capital170.0M(466.0M)354.9M(179.7M)(161.7M)(153.6M)
Property Plant And Equipment Net2.2B5.4B5.7B6.5B7.5B4.8B
Property Plant And Equipment Gross2.7B5.9B7.2B8.2B9.4B5.8B

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Other Information on Investing in Chengdu Stock

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