Zhejiang Accounts Payable vs Cash Analysis

003026 Stock   38.08  0.53  1.41%   
Zhejiang Mtcn financial indicator trend analysis is more than just analyzing Zhejiang Mtcn Technology current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Zhejiang Mtcn Technology is a good investment. Please check the relationship between Zhejiang Mtcn Accounts Payable and its Cash accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Zhejiang Mtcn Technology. 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.

Accounts Payable vs Cash

Accounts Payable vs Cash Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Zhejiang Mtcn Technology Accounts Payable account and Cash. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Zhejiang Mtcn's Accounts Payable and Cash is 0.86. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Cash in the same time period over historical financial statements of Zhejiang Mtcn Technology, assuming nothing else is changed. The correlation between historical values of Zhejiang Mtcn's Accounts Payable and Cash is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Accounts Payable of Zhejiang Mtcn Technology are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Accounts Payable i.e., Zhejiang Mtcn's Accounts Payable and Cash go up and down completely randomly.

Correlation Coefficient

0.86
Relationship DirectionPositive 
Relationship StrengthStrong

Accounts Payable

An accounting item on the balance sheet that represents Zhejiang Mtcn obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Zhejiang Mtcn Technology are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.

Cash

Cash refers to the most liquid asset of Zhejiang Mtcn Technology, which is listed under current asset account on Zhejiang Mtcn Technology balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Zhejiang Mtcn customers. The amounts must be unrestricted with restricted cash listed in a different Zhejiang Mtcn account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.
Most indicators from Zhejiang Mtcn's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Zhejiang Mtcn Technology 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 Zhejiang Mtcn Technology. 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 Selling General Administrative is expected to grow to about 12.6 M, whereas Tax Provision is projected to grow to (16.5 M).
 2021 2022 2023 2024 (projected)
Interest Expense1.1M7.5M10.9M11.5M
Depreciation And Amortization28.1M42.9M49.3M51.8M

Zhejiang Mtcn fundamental ratios Correlations

0.920.490.960.890.94-0.680.830.870.850.960.50.960.890.88-0.330.980.950.90.660.880.88-0.610.820.840.93
0.920.260.870.720.97-0.440.650.70.650.970.180.850.850.77-0.260.890.960.710.510.80.78-0.750.950.80.8
0.490.260.490.660.28-0.560.690.740.70.310.650.440.380.72-0.280.440.360.710.530.430.480.30.140.310.5
0.960.870.490.80.92-0.540.740.920.770.940.630.870.880.89-0.250.90.960.840.550.820.81-0.570.80.890.85
0.890.720.660.80.71-0.830.970.870.950.750.570.880.850.88-0.290.910.730.990.850.90.95-0.250.530.690.92
0.940.970.280.920.71-0.470.630.760.681.00.30.880.850.78-0.350.90.990.720.440.80.76-0.770.960.880.84
-0.68-0.44-0.56-0.54-0.83-0.47-0.81-0.61-0.9-0.5-0.52-0.82-0.49-0.530.54-0.78-0.45-0.81-0.67-0.61-0.680.19-0.28-0.42-0.83
0.830.650.690.740.970.63-0.810.820.880.670.580.80.770.84-0.260.840.650.950.920.880.88-0.180.430.570.82
0.870.70.740.920.870.76-0.610.820.860.790.760.790.850.96-0.30.810.820.910.630.820.82-0.220.60.840.84
0.850.650.70.770.950.68-0.90.880.860.710.60.910.750.81-0.430.890.70.960.70.790.85-0.210.520.680.95
0.960.970.310.940.751.0-0.50.670.790.710.360.90.870.8-0.340.920.990.750.490.830.78-0.750.930.890.86
0.50.180.650.630.570.3-0.520.580.760.60.360.450.430.61-0.20.450.40.640.470.450.440.090.060.480.49
0.960.850.440.870.880.88-0.820.80.790.910.90.450.790.76-0.460.990.870.880.60.810.84-0.610.770.780.98
0.890.850.380.880.850.85-0.490.770.850.750.870.430.790.88-0.120.850.870.840.690.920.94-0.440.740.890.84
0.880.770.720.890.880.78-0.530.840.960.810.80.610.760.88-0.130.810.830.910.690.850.88-0.230.640.780.79
-0.33-0.26-0.28-0.25-0.29-0.350.54-0.26-0.3-0.43-0.34-0.2-0.46-0.12-0.13-0.36-0.28-0.25-0.1-0.24-0.10.26-0.32-0.37-0.48
0.980.890.440.90.910.9-0.780.840.810.890.920.450.990.850.81-0.360.890.90.680.850.89-0.610.770.780.96
0.950.960.360.960.730.99-0.450.650.820.70.990.40.870.870.83-0.280.890.750.450.80.77-0.70.930.90.84
0.90.710.710.840.990.72-0.810.950.910.960.750.640.880.840.91-0.250.90.750.820.870.93-0.220.530.70.91
0.660.510.530.550.850.44-0.670.920.630.70.490.470.60.690.69-0.10.680.450.820.770.82-0.090.230.390.62
0.880.80.430.820.90.8-0.610.880.820.790.830.450.810.920.85-0.240.850.80.870.770.9-0.40.660.80.84
0.880.780.480.810.950.76-0.680.880.820.850.780.440.840.940.88-0.10.890.770.930.820.9-0.330.610.740.87
-0.61-0.750.3-0.57-0.25-0.770.19-0.18-0.22-0.21-0.750.09-0.61-0.44-0.230.26-0.61-0.7-0.22-0.09-0.4-0.33-0.8-0.53-0.47
0.820.950.140.80.530.96-0.280.430.60.520.930.060.770.740.64-0.320.770.930.530.230.660.61-0.80.810.71
0.840.80.310.890.690.88-0.420.570.840.680.890.480.780.890.78-0.370.780.90.70.390.80.74-0.530.810.83
0.930.80.50.850.920.84-0.830.820.840.950.860.490.980.840.79-0.480.960.840.910.620.840.87-0.470.710.83
Click cells to compare fundamentals

Zhejiang Mtcn Account Relationship Matchups

Zhejiang Mtcn fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets438.1M844.0M1.2B1.4B1.4B1.5B
Short Long Term Debt Total83.4M75M101.1M253.5M291.6M306.1M
Other Current Liab20.7M28.7M44.3M64.8M1.6M1.5M
Total Current Liabilities63.0M77.8M337.4M322.6M299.2M314.1M
Total Stockholder Equity355.6M747.4M779.1M741.7M688.7M417.4M
Property Plant And Equipment Net133.8M152.6M338.0M556.0M659.9M692.9M
Net Debt(18.4M)(400.0M)(291.2M)(144.9M)(130.4M)(123.9M)
Retained Earnings186.3M266.1M291.5M247.0M190.4M139.0M
Accounts Payable42.2M49.1M194.5M195.4M135.4M72.1M
Cash18.4M400.0M392.3M398.4M311.2M160.9M
Non Current Assets Total184.7M204.5M483.3M657.3M791.0M830.6M
Non Currrent Assets Other683.0K1.3M75.6M24.4M3.6M3.4M
Cash And Short Term Investments18.4M400.0M392.3M398.4M458.2M481.1M
Common Stock Shares Outstanding75.2M74.8M99.5M102.1M130.8M85.6M
Liabilities And Stockholders Equity438.1M844.0M1.2B1.4B1.6B1.7B
Inventory70.5M66.8M146.6M198.1M130.7M84.0M
Other Current Assets3.8M3.7M7.8M4.9M3.7M3.6M
Other Stockholder Equity94.5M381.5M387.8M393.7M452.7M475.3M
Total Liab82.5M96.7M364.4M541.6M558.6M586.6M
Total Current Assets253.4M639.5M765.4M746.0M593.1M376.9M
Short Term Debt58.4M47M98.6M62.3M71.7M45.4M
Intangible Assets40.2M39.7M56.8M53.5M75.5M40.5M
Non Current Liabilities Total19.5M18.9M27.0M219.0M259.5M272.4M

Also Currently Popular

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 Zhejiang Stock

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