Chengdu Short Term Investments vs Deferred Long Term Liab Analysis

002480 Stock   5.27  0.29  5.22%   
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 Short Term Investments and its Deferred Long Term Liab 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.

Short Term Investments vs Deferred Long Term Liab

Short Term Investments vs Deferred Long Term Liab Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Chengdu Xinzhu RoadBridge Short Term Investments account and Deferred Long Term Liab. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Chengdu Xinzhu's Short Term Investments and Deferred Long Term Liab is -0.31. Overlapping area represents the amount of variation of Short Term Investments that can explain the historical movement of Deferred Long Term Liab 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 Short Term Investments and Deferred Long Term 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 Short Term Investments of Chengdu Xinzhu RoadBridge are associated (or correlated) with its Deferred Long Term Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Deferred Long Term Liab has no effect on the direction of Short Term Investments i.e., Chengdu Xinzhu's Short Term Investments and Deferred Long Term Liab go up and down completely randomly.

Correlation Coefficient

-0.31
Relationship DirectionNegative 
Relationship StrengthInsignificant

Short Term Investments

Short Term Investments is an item under the current assets section of Chengdu Xinzhu balance sheet. It contains any investments Chengdu Xinzhu RoadBridge undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that Chengdu Xinzhu RoadBridge can easily liquidate in the marketplace.

Deferred Long Term Liab

Liabilities that are due after more than one year, including deferred tax liabilities and deferred revenue.
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 58.8 M, whereas Selling General Administrative is forecasted to decline to about 55.3 M.
 2021 2022 2023 2024 (projected)
Gross Profit185.5M511.4M644.1M408.4M
Research Development59.1M77.7M83.6M58.8M

Chengdu Xinzhu fundamental ratios Correlations

0.290.940.140.59-0.880.890.860.870.50.270.080.990.680.620.640.92-0.730.57-0.76-0.740.760.820.220.820.67
0.290.30.220.32-0.20.330.480.32-0.37-0.09-0.160.270.380.360.370.13-0.060.66-0.57-0.130.310.370.030.310.37
0.940.30.170.61-0.80.980.840.920.510.46-0.10.940.740.610.660.8-0.70.49-0.7-0.620.830.890.480.860.79
0.140.220.170.450.280.20.240.340.290.4-0.040.010.320.580.52-0.140.140.05-0.060.10.110.190.26-0.070.12
0.590.320.610.45-0.420.610.460.770.470.34-0.270.530.820.860.810.36-0.130.39-0.51-0.430.650.630.180.490.54
-0.88-0.2-0.80.28-0.42-0.73-0.67-0.71-0.250.03-0.05-0.93-0.53-0.38-0.42-0.910.77-0.580.80.86-0.68-0.7-0.02-0.7-0.56
0.890.330.980.20.61-0.730.790.90.510.52-0.190.890.750.630.670.74-0.660.46-0.61-0.50.80.880.530.860.76
0.860.480.840.240.46-0.670.790.710.360.230.080.840.530.50.460.76-0.670.71-0.7-0.550.650.750.330.760.66
0.870.320.920.340.77-0.710.90.710.520.38-0.250.830.880.80.780.65-0.510.48-0.72-0.660.870.90.490.730.82
0.5-0.370.510.290.47-0.250.510.360.520.560.050.460.490.530.490.45-0.14-0.090.02-0.20.50.450.410.590.47
0.27-0.090.460.40.340.030.520.230.380.56-0.140.230.410.320.420.08-0.02-0.370.140.210.360.40.60.420.37
0.08-0.16-0.1-0.04-0.27-0.05-0.190.08-0.250.05-0.140.07-0.42-0.15-0.070.25-0.150.020.1-0.05-0.3-0.37-0.45-0.03-0.29
0.990.270.940.010.53-0.930.890.840.830.460.230.070.640.540.570.95-0.770.57-0.76-0.760.760.810.210.830.67
0.680.380.740.320.82-0.530.750.530.880.490.41-0.420.640.870.850.43-0.120.35-0.66-0.560.920.850.410.680.84
0.620.360.610.580.86-0.380.630.50.80.530.32-0.150.540.870.90.38-0.090.42-0.53-0.450.70.640.220.530.61
0.640.370.660.520.81-0.420.670.460.780.490.42-0.070.570.850.90.39-0.10.36-0.57-0.470.750.670.240.570.66
0.920.130.8-0.140.36-0.910.740.760.650.450.080.250.950.430.380.39-0.790.53-0.63-0.720.570.630.00.760.47
-0.73-0.06-0.70.14-0.130.77-0.66-0.67-0.51-0.14-0.02-0.15-0.77-0.12-0.09-0.1-0.79-0.520.520.55-0.31-0.48-0.14-0.48-0.25
0.570.660.490.050.39-0.580.460.710.48-0.09-0.370.020.570.350.420.360.53-0.52-0.76-0.560.440.5-0.010.460.43
-0.76-0.57-0.7-0.06-0.510.8-0.61-0.7-0.720.020.140.1-0.76-0.66-0.53-0.57-0.630.52-0.760.87-0.73-0.74-0.04-0.5-0.64
-0.74-0.13-0.620.1-0.430.86-0.5-0.55-0.66-0.20.21-0.05-0.76-0.56-0.45-0.47-0.720.55-0.560.87-0.69-0.640.07-0.43-0.53
0.760.310.830.110.65-0.680.80.650.870.50.36-0.30.760.920.70.750.57-0.310.44-0.73-0.690.930.510.790.95
0.820.370.890.190.63-0.70.880.750.90.450.4-0.370.810.850.640.670.63-0.480.5-0.74-0.640.930.550.790.88
0.220.030.480.260.18-0.020.530.330.490.410.6-0.450.210.410.220.240.0-0.14-0.01-0.040.070.510.550.440.67
0.820.310.86-0.070.49-0.70.860.760.730.590.42-0.030.830.680.530.570.76-0.480.46-0.5-0.430.790.790.440.8
0.670.370.790.120.54-0.560.760.660.820.470.37-0.290.670.840.610.660.47-0.250.43-0.64-0.530.950.880.670.8
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Chengdu Xinzhu Account Relationship Matchups

Chengdu Xinzhu fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets7.6B7.4B6.2B11.8B13.4B14.1B
Other Current Liab42.8M829.7M31.9M237.8M227.1M134.7M
Total Current Liabilities4.4B3.4B2.8B3.8B5.5B5.8B
Total Stockholder Equity2.2B2.7B2.4B1.8B1.4B2.0B
Other Liab41.7M45.4M53.9M53.8M61.8M35.7M
Retained Earnings49.8M109.0M(177.1M)(768.4M)(1.1B)(1.1B)
Accounts Payable2.3B1.8B1.1B1.5B2.6B2.8B
Cash920.2M1.7B817.6M1.3B1.9B2.0B
Other Assets795.3M754.9M718.3M818.5M941.2M988.3M
Net Receivables1.7B365.2M1.0B1.5B1.7B1.2B
Inventory1.5B549.9M477.1M455.5M599.4M606.5M
Other Current Assets50.1M40.9M38.8M170.8M233.5M141.1M
Total Liab5.3B4.6B3.7B8.9B10.9B11.4B
Intangible Assets793.6M729.0M808.1M862.0M799.0M400.9M
Common Stock653.6M654.7M651.0M769.2M884.5M488.2M
Property Plant Equipment1.6B2.1B2.2B2.2B2.5B1.4B
Long Term Debt903.2M488.4M198.8M3.2B3.8B3.9B
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 Debt914.9M698.7M711.1M397.2M610.6M723.9M
Total Current Assets4.1B3.6B2.4B4.1B5.3B3.9B
Non Current Assets Total3.5B3.8B3.8B7.7B8.1B4.7B
Non Currrent Assets Other74.9M4.9M5.1M253.1M26.4M25.1M
Non Current Liabilities Total947.8M1.2B883.4M5.2B5.4B5.6B
Non Current Liabilities Other746.0M430.5M145M724M694.5M483.2M
Net Debt495.5M425.2M92.3M2.3B2.4B2.6B
Net Invested Capital3.5B3.9B3.3B5.4B5.8B4.7B
Net Working Capital(241.4M)170.0M(466.0M)354.9M(179.7M)(170.7M)

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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.