Chongqing Total Stockholder Equity vs Total Current Liabilities Analysis

002996 Stock

6.59 0.12 1.79%

Chongqing Shunbo financial indicator trend analysis is way more than just evaluating Chongqing Shunbo Aluminum prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Chongqing Shunbo Aluminum is a good investment. Please check the relationship between Chongqing Shunbo Total 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 Chongqing Shunbo Aluminum. 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 Stockholder Equity vs Total Current Liabilities

Total 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 Chongqing Shunbo Aluminum Total Stockholder Equity account and Total Current Liabilities. At this time, the significance of the direction appears to have very strong relationship.

The correlation between Chongqing Shunbo's Total Stockholder Equity and Total Current Liabilities is 0.88. Overlapping area represents the amount of variation of Total Stockholder Equity that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of Chongqing Shunbo Aluminum, assuming nothing else is changed. The correlation between historical values of Chongqing Shunbo's Total 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 Total Stockholder Equity of Chongqing Shunbo Aluminum 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 Total Stockholder Equity i.e., Chongqing Shunbo's Total Stockholder Equity and Total Current Liabilities go up and down completely randomly.

Correlation Coefficient

0.88

Relationship Direction	Positive
Relationship Strength	Strong

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Total Stockholder Equity

The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.

Total Current Liabilities

Total Current Liabilities is an item on Chongqing Shunbo balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Chongqing Shunbo Aluminum 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 Chongqing Shunbo's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Chongqing Shunbo Aluminum 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 Chongqing Shunbo Aluminum. 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.

As of November 27, 2024, Tax Provision is expected to decline to about 7.2 M. In addition to that, Selling General Administrative is expected to decline to about 49.4 M

	2021	2022	2023	2024 (projected)
Gross Profit	557.8M	304.9M	181.1M	353.3M
Total Revenue	10.0B	11.1B	11.9B	7.4B

Gross Profit Total Revenue

Chongqing Shunbo fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Intangible Assets	Common Stock	Non Current Liabilities Total	Short Term Investments	Other Liab
Total Assets		0.97	0.57	0.97	0.96	0.98	0.85	0.95	0.96	0.96	0.97	0.99	0.95	0.97	0.99	0.94	0.91	0.89	0.98	1.0	0.97	0.92	0.6	0.87	0.51	0.88
Short Long Term Debt Total	0.97		0.56	0.99	0.86	0.93	0.86	1.0	0.88	0.9	0.94	0.95	0.99	0.94	0.97	0.87	0.97	0.78	1.0	0.97	0.99	0.85	0.43	0.9	0.64	0.79
Other Current Liab	0.57	0.56		0.48	0.54	0.54	0.11	0.53	0.56	0.5	0.61	0.54	0.58	0.61	0.54	0.66	0.48	0.47	0.55	0.57	0.48	0.42	0.39	0.72	0.55	0.57
Total Current Liabilities	0.97	0.99	0.48		0.88	0.94	0.92	0.98	0.89	0.94	0.92	0.95	0.95	0.92	0.98	0.88	0.93	0.81	0.99	0.98	1.0	0.86	0.47	0.82	0.58	0.81
Total Stockholder Equity	0.96	0.86	0.54	0.88		0.97	0.76	0.83	0.99	0.93	0.94	0.96	0.84	0.94	0.95	0.95	0.78	0.96	0.88	0.95	0.86	0.94	0.76	0.77	0.31	0.92
Property Plant And Equipment Net	0.98	0.93	0.54	0.94	0.97		0.82	0.91	0.97	0.95	0.96	1.0	0.91	0.96	0.97	0.93	0.88	0.9	0.95	0.97	0.92	0.97	0.69	0.84	0.44	0.88
Current Deferred Revenue	0.85	0.86	0.11	0.92	0.76	0.82		0.87	0.76	0.86	0.75	0.83	0.8	0.75	0.87	0.73	0.81	0.72	0.87	0.85	0.91	0.79	0.4	0.57	0.4	0.7
Net Debt	0.95	1.0	0.53	0.98	0.83	0.91	0.87		0.85	0.88	0.9	0.93	0.98	0.9	0.95	0.83	0.96	0.73	0.99	0.96	0.99	0.82	0.38	0.88	0.68	0.76
Retained Earnings	0.96	0.88	0.56	0.89	0.99	0.97	0.76	0.85		0.92	0.94	0.96	0.86	0.94	0.96	0.94	0.8	0.92	0.9	0.96	0.88	0.93	0.72	0.79	0.34	0.93
Accounts Payable	0.96	0.9	0.5	0.94	0.93	0.95	0.86	0.88	0.92		0.92	0.94	0.85	0.92	0.96	0.94	0.81	0.89	0.93	0.96	0.92	0.88	0.65	0.74	0.39	0.85
Cash	0.97	0.94	0.61	0.92	0.94	0.96	0.75	0.9	0.94	0.92		0.96	0.93	1.0	0.94	0.93	0.9	0.9	0.94	0.97	0.91	0.89	0.57	0.9	0.44	0.85
Non Current Assets Total	0.99	0.95	0.54	0.95	0.96	1.0	0.83	0.93	0.96	0.94	0.96		0.94	0.96	0.97	0.91	0.91	0.88	0.96	0.98	0.94	0.96	0.65	0.86	0.47	0.87
Non Currrent Assets Other	0.95	0.99	0.58	0.95	0.84	0.91	0.8	0.98	0.86	0.85	0.93	0.94		0.93	0.93	0.82	0.98	0.73	0.98	0.95	0.96	0.83	0.38	0.94	0.68	0.77
Cash And Short Term Investments	0.97	0.94	0.61	0.92	0.94	0.96	0.75	0.9	0.94	0.92	1.0	0.96	0.93		0.94	0.93	0.9	0.9	0.95	0.97	0.91	0.89	0.57	0.91	0.44	0.85
Net Receivables	0.99	0.97	0.54	0.98	0.95	0.97	0.87	0.95	0.96	0.96	0.94	0.97	0.93	0.94		0.94	0.89	0.88	0.98	1.0	0.97	0.9	0.6	0.82	0.51	0.88
Inventory	0.94	0.87	0.66	0.88	0.95	0.93	0.73	0.83	0.94	0.94	0.93	0.91	0.82	0.93	0.94		0.74	0.94	0.89	0.95	0.86	0.85	0.69	0.77	0.4	0.9
Other Current Assets	0.91	0.97	0.48	0.93	0.78	0.88	0.81	0.96	0.8	0.81	0.9	0.91	0.98	0.9	0.89	0.74		0.68	0.95	0.91	0.94	0.82	0.32	0.92	0.65	0.7
Other Stockholder Equity	0.89	0.78	0.47	0.81	0.96	0.9	0.72	0.73	0.92	0.89	0.9	0.88	0.73	0.9	0.88	0.94	0.68		0.81	0.89	0.78	0.87	0.73	0.68	0.22	0.87
Total Liab	0.98	1.0	0.55	0.99	0.88	0.95	0.87	0.99	0.9	0.93	0.94	0.96	0.98	0.95	0.98	0.89	0.95	0.81		0.98	0.99	0.87	0.47	0.88	0.62	0.81
Total Current Assets	1.0	0.97	0.57	0.98	0.95	0.97	0.85	0.96	0.96	0.96	0.97	0.98	0.95	0.97	1.0	0.95	0.91	0.89	0.98		0.97	0.91	0.59	0.86	0.52	0.88
Short Term Debt	0.97	0.99	0.48	1.0	0.86	0.92	0.91	0.99	0.88	0.92	0.91	0.94	0.96	0.91	0.97	0.86	0.94	0.78	0.99	0.97		0.85	0.44	0.83	0.61	0.8
Intangible Assets	0.92	0.85	0.42	0.86	0.94	0.97	0.79	0.82	0.93	0.88	0.89	0.96	0.83	0.89	0.9	0.85	0.82	0.87	0.87	0.91	0.85		0.75	0.75	0.31	0.83
Common Stock	0.6	0.43	0.39	0.47	0.76	0.69	0.4	0.38	0.72	0.65	0.57	0.65	0.38	0.57	0.6	0.69	0.32	0.73	0.47	0.59	0.44	0.75		0.35	-0.04	0.74
Non Current Liabilities Total	0.87	0.9	0.72	0.82	0.77	0.84	0.57	0.88	0.79	0.74	0.9	0.86	0.94	0.91	0.82	0.77	0.92	0.68	0.88	0.86	0.83	0.75	0.35		0.66	0.7
Short Term Investments	0.51	0.64	0.55	0.58	0.31	0.44	0.4	0.68	0.34	0.39	0.44	0.47	0.68	0.44	0.51	0.4	0.65	0.22	0.62	0.52	0.61	0.31	-0.04	0.66		0.3
Other Liab	0.88	0.79	0.57	0.81	0.92	0.88	0.7	0.76	0.93	0.85	0.85	0.87	0.77	0.85	0.88	0.9	0.7	0.87	0.81	0.88	0.8	0.83	0.74	0.7	0.3

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Chongqing Shunbo Account Relationship Matchups

Chongqing Shunbo fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	2.2B	3.0B	5.0B	5.9B	7.6B	8.0B
Short Long Term Debt Total	466.1M	550.2M	1.9B	2.6B	4.1B	4.3B
Other Current Liab	4.2M	453.1K	24.2M	84.1M	35.6M	18.9M
Total Current Liabilities	784.4M	922.1M	2.6B	2.2B	4.1B	4.3B
Total Stockholder Equity	1.3B	1.9B	2.2B	2.5B	2.6B	2.7B
Property Plant And Equipment Net	461.4M	518.3M	668.1M	850.4M	1.0B	1.1B
Current Deferred Revenue	34.0M	53.9M	128.5M	9.6M	184.5M	193.8M
Net Debt	210.0M	86.2M	1.5B	1.9B	3.2B	3.4B
Retained Earnings	579.6M	761.6M	1.0B	1.2B	1.3B	1.3B
Accounts Payable	280.1M	337.2M	516.2M	456.7M	612.1M	642.7M
Cash	256.0M	464.0M	410.1M	758.8M	820.7M	861.7M
Non Current Assets Total	639.0M	696.7M	939.8M	1.3B	1.6B	1.7B
Non Currrent Assets Other	886.0K	477.4K	81.4M	206.6M	302.2M	317.3M
Cash And Short Term Investments	256.0M	464.0M	410.4M	773.2M	837.3M	879.2M
Net Receivables	1.0B	1.3B	2.8B	2.6B	3.6B	3.8B
Liabilities And Stockholders Equity	2.2B	3.0B	5.0B	5.9B	7.6B	8.0B
Inventory	304.6M	566.6M	835.3M	899.8M	809.7M	850.2M
Other Current Assets	4.4M	11.5M	43.5M	355.9M	707.0M	742.3M
Other Stockholder Equity	248.8M	608.9M	614.2M	614.2M	614.6M	645.4M
Total Liab	835.1M	1.0B	2.7B	3.3B	5.0B	5.2B
Total Current Assets	1.6B	2.3B	4.1B	4.6B	6.0B	6.3B
Short Term Debt	466.1M	530.6M	1.9B	1.7B	3.3B	3.4B
Intangible Assets	123.0M	121.7M	128.4M	155.8M	203.1M	213.3M
Non Current Liabilities Total	50.7M	78.1M	76.9M	1.0B	871.2M	914.7M
Short Term Investments	(27.6M)	(25.8M)	300K	14.3M	16.6M	17.4M
Other Liab	47.8M	50.7M	58.5M	65.9M	75.8M	58.3M
Net Tangible Assets	1.0B	1.1B	1.8B	2.1B	2.4B	1.4B
Other Assets	0.0	29.7M	1.0	53.8M	0.9	0.86
Short Long Term Debt	466.1M	530.6M	1.9B	1.6B	3.0B	3.2B
Property Plant Equipment	444.4M	461.4M	518.3M	668.1M	768.4M	510.6M
Deferred Long Term Liab	517.4K	886.0K	477.4K	1.1M	1.3M	671.6K
Net Invested Capital	1.7B	2.4B	4.1B	5.0B	6.4B	3.5B
Net Working Capital	782.2M	1.4B	1.5B	2.4B	1.9B	1.4B

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

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Chongqing Total Stockholder Equity vs Total Current Liabilities Analysis

Total Stockholder Equity vs Total Current Liabilities

Total Stockholder Equity vs Total Current Liabilities Correlation Analysis

Correlation Coefficient

Total Stockholder Equity

Total Current Liabilities

Chongqing Shunbo fundamental ratios Correlations

Chongqing Shunbo Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Chongqing Shunbo fundamental ratios Accounts

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Other Information on Investing in Chongqing Stock

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Total Current Assets	+ 1.0	Total Assets
Net Debt	+ 1.0	Short Long Term Debt Total
Total Liab	+ 1.0	Short Long Term Debt Total
Short Term Debt	+ 1.0	Total Current Liabilities
Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Cash And Short Term Investments	+ 1.0	Cash