Geely Total Current Liabilities vs Good Will Analysis

0YZ2 Stock   15.00  0.58  4.02%   
Geely Automobile financial indicator trend analysis is much more than just examining Geely Automobile Holdings latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Geely Automobile Holdings is a good investment. Please check the relationship between Geely Automobile Total Current Liabilities and its Good Will accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Geely Automobile Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Total Current Liabilities vs Good Will

Total Current Liabilities vs Good Will Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Geely Automobile Holdings Total Current Liabilities account and Good Will. At this time, the significance of the direction appears to have strong relationship.
The correlation between Geely Automobile's Total Current Liabilities and Good Will is 0.78. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Good Will in the same time period over historical financial statements of Geely Automobile Holdings, assuming nothing else is changed. The correlation between historical values of Geely Automobile's Total Current Liabilities and Good Will 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 Geely Automobile Holdings are associated (or correlated) with its Good Will. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Good Will has no effect on the direction of Total Current Liabilities i.e., Geely Automobile's Total Current Liabilities and Good Will go up and down completely randomly.

Correlation Coefficient

0.78
Relationship DirectionPositive 
Relationship StrengthSignificant

Total Current Liabilities

Total Current Liabilities is an item on Geely Automobile balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Geely Automobile Holdings 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.

Good Will

An intangible asset that arises when a company acquires another business for more than the fair market value of its net identifiable assets, representing the value of the brand, customer base, and other intangible factors.
Most indicators from Geely Automobile's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Geely Automobile Holdings 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 Geely Automobile Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Tax Provision is likely to gain to about 1.2 B in 2025, whereas Selling General Administrative is likely to drop slightly above 9 B in 2025.
 2019 2020 2024 2025 (projected)
Interest Income772.0M1.1B1.2B1.3B
Tax Provision1.4B866.3M779.7M1.2B

Geely Automobile fundamental ratios Correlations

0.940.820.990.990.970.940.920.970.990.890.71-0.770.90.80.770.940.990.850.980.140.760.90.80.89
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0.990.930.860.990.990.930.920.990.980.90.74-0.730.90.750.810.920.990.871.00.180.810.920.840.91
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0.970.930.820.980.991.00.930.940.980.90.68-0.730.890.670.780.870.980.840.990.170.780.910.820.9
0.990.950.780.990.980.970.950.920.980.880.63-0.80.880.740.730.920.990.80.980.110.710.870.770.86
0.890.880.840.930.90.910.890.880.90.880.65-0.740.790.50.860.740.870.880.890.190.790.950.820.92
0.710.640.880.670.740.710.640.640.680.630.65-0.440.820.710.860.610.660.840.730.240.940.830.880.85
-0.77-0.91-0.56-0.77-0.73-0.71-0.91-0.82-0.73-0.8-0.74-0.44-0.77-0.6-0.57-0.6-0.74-0.64-0.73-0.14-0.57-0.73-0.57-0.71
0.90.920.780.880.90.890.920.910.890.880.790.82-0.770.770.760.750.870.850.90.00.870.90.850.89
0.80.710.650.710.750.670.710.670.670.740.50.71-0.60.770.550.80.750.690.730.080.590.630.620.65
0.770.770.980.780.810.820.770.780.780.730.860.86-0.570.760.550.620.730.890.810.320.890.940.960.95
0.940.790.720.920.920.870.790.730.870.920.740.61-0.60.750.80.620.950.680.90.10.60.730.640.71
0.990.920.790.990.990.970.920.90.980.990.870.66-0.740.870.750.730.950.810.990.120.720.870.760.85
0.850.830.890.840.870.850.830.880.840.80.880.84-0.640.850.690.890.680.810.860.270.910.960.890.96
0.980.930.860.991.00.990.930.930.990.980.890.73-0.730.90.730.810.90.990.860.210.80.920.840.91
0.140.110.390.140.180.180.110.140.170.110.190.24-0.140.00.080.320.10.120.270.210.30.250.160.29
0.760.740.880.760.810.810.740.770.780.710.790.94-0.570.870.590.890.60.720.910.80.30.930.890.93
0.90.910.930.910.920.930.910.920.910.870.950.83-0.730.90.630.940.730.870.960.920.250.930.931.0
0.80.810.950.80.840.850.810.840.820.770.820.88-0.570.850.620.960.640.760.890.840.160.890.930.95
0.890.890.950.890.910.920.90.910.90.860.920.85-0.710.890.650.950.710.850.960.910.290.931.00.95
Click cells to compare fundamentals

Geely Automobile Account Relationship Matchups

Geely Automobile fundamental ratios Accounts

202020212022202320242025 (projected)
Total Current Liabilities48.5B41.9B60.4B69.0B79.3B55.6B
Retained Earnings43.0B46.3B49.4B52.7B60.6B43.2B
Other Assets22.0B23.6B27.6B32.0B36.8B20.2B
Net Receivables25.9B28.1B31.7B34.5B39.7B22.6B
Inventory4.8B3.7B5.5B10.8B12.4B13.1B
Other Current Assets40.4M174.4M70.8M386.9M348.2M414.9M
Other Stockholder Equity3.7B3.4B1.8B4.2B4.8B5.1B
Total Current Assets50.0B50.9B65.3B79.1B90.9B61.0B
Common Stock167.7M179.7M183.0M183.7M211.2M189.4M
Property Plant Equipment27.1B26.6B30.9B32.2B37.0B25.9B
Other Current Liab9.8B6.5B18.5B11.3B13.0B12.6B
Other Liab301.1M794.2M1.4B2.1B2.5B2.6B
Net Tangible Assets54.4B63.6B68.5B75.1B86.3B67.4B
Accounts Payable33.8B30.2B32.1B45.6B52.4B37.2B
Deferred Long Term Liab17.6B18.6B20.9B22.5B25.9B20.8B

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