Chongqing Total Current Liabilities vs Total Stockholder Equity Analysis

300122 Stock   29.00  0.45  1.53%   
Chongqing Zhifei financial indicator trend analysis is way more than just evaluating Chongqing Zhifei Bio prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Chongqing Zhifei Bio is a good investment. Please check the relationship between Chongqing Zhifei Total Current Liabilities and its Total Stockholder Equity accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Chongqing Zhifei Bio. 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 Current Liabilities vs Total Stockholder Equity

Total Current Liabilities vs Total Stockholder Equity Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Chongqing Zhifei Bio Total Current Liabilities account and Total Stockholder Equity. At this time, the significance of the direction appears to have totally related.
The correlation between Chongqing Zhifei's Total Current Liabilities and Total Stockholder Equity is 0.99. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Total Stockholder Equity in the same time period over historical financial statements of Chongqing Zhifei Bio, assuming nothing else is changed. The correlation between historical values of Chongqing Zhifei's Total Current Liabilities and Total Stockholder Equity 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 Chongqing Zhifei Bio are associated (or correlated) with its Total Stockholder Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Stockholder Equity has no effect on the direction of Total Current Liabilities i.e., Chongqing Zhifei's Total Current Liabilities and Total Stockholder Equity go up and down completely randomly.

Correlation Coefficient

0.99
Relationship DirectionPositive 
Relationship StrengthVery Strong

Total Current Liabilities

Total Current Liabilities is an item on Chongqing Zhifei 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 Zhifei Bio 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.

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.
Most indicators from Chongqing Zhifei's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Chongqing Zhifei Bio 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 Zhifei Bio. 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 116.1 M, whereas Tax Provision is forecasted to decline to about 748.3 M.
 2021 2022 2023 2024 (projected)
Gross Profit15.0B12.9B13.9B14.6B
Total Revenue30.7B38.3B52.7B55.3B

Chongqing Zhifei fundamental ratios Correlations

0.910.991.00.970.98-0.581.01.00.940.990.880.950.941.00.190.90.990.87-0.560.991.00.990.780.990.81
0.910.880.930.840.86-0.540.930.890.850.870.620.820.850.940.240.730.840.85-0.440.870.920.90.640.880.71
0.990.880.990.970.98-0.540.980.990.930.990.90.950.930.990.150.90.990.86-0.61.00.990.980.790.990.85
1.00.930.990.970.97-0.611.00.990.940.980.850.950.941.00.220.90.980.88-0.530.991.00.990.760.980.79
0.970.840.970.970.99-0.540.960.970.890.990.920.950.890.960.230.940.980.89-0.610.980.970.970.850.990.79
0.980.860.980.970.99-0.470.970.970.881.00.910.940.880.970.20.930.980.89-0.630.980.970.980.851.00.84
-0.58-0.54-0.54-0.61-0.54-0.47-0.61-0.62-0.77-0.5-0.5-0.57-0.77-0.57-0.32-0.56-0.54-0.44-0.01-0.54-0.6-0.54-0.28-0.5-0.08
1.00.930.981.00.960.97-0.610.990.940.970.850.950.941.00.190.90.980.87-0.540.981.00.980.750.980.78
1.00.890.990.990.970.97-0.620.990.950.980.90.950.950.990.170.920.990.85-0.570.991.00.970.760.980.78
0.940.850.930.940.890.88-0.770.940.950.90.810.891.00.930.30.810.910.82-0.390.930.950.930.70.90.7
0.990.870.990.980.991.0-0.50.970.980.90.910.950.90.980.210.920.980.9-0.610.990.980.990.851.00.84
0.880.620.90.850.920.91-0.50.850.90.810.910.920.810.840.120.920.930.72-0.630.90.870.860.790.90.71
0.950.820.950.950.950.94-0.570.950.950.890.950.920.890.940.170.910.950.81-0.540.950.950.950.730.950.75
0.940.850.930.940.890.88-0.770.940.951.00.90.810.890.930.30.810.910.82-0.390.930.950.930.70.90.7
1.00.940.991.00.960.97-0.571.00.990.930.980.840.940.930.190.880.970.87-0.550.991.00.980.750.980.81
0.190.240.150.220.230.2-0.320.190.170.30.210.120.170.30.190.090.120.360.260.150.190.280.350.220.09
0.90.730.90.90.940.93-0.560.90.920.810.920.920.910.810.880.090.940.73-0.530.910.90.880.690.920.63
0.990.840.990.980.980.98-0.540.980.990.910.980.930.950.910.970.120.940.82-0.590.990.980.970.770.980.81
0.870.850.860.880.890.89-0.440.870.850.820.90.720.810.820.870.360.730.82-0.580.860.870.90.90.90.77
-0.56-0.44-0.6-0.53-0.61-0.63-0.01-0.54-0.57-0.39-0.61-0.63-0.54-0.39-0.550.26-0.53-0.59-0.58-0.6-0.55-0.51-0.68-0.61-0.61
0.990.871.00.990.980.98-0.540.980.990.930.990.90.950.930.990.150.910.990.86-0.60.990.980.790.990.84
1.00.920.991.00.970.97-0.61.01.00.950.980.870.950.951.00.190.90.980.87-0.550.990.980.760.980.81
0.990.90.980.990.970.98-0.540.980.970.930.990.860.950.930.980.280.880.970.9-0.510.980.980.820.990.84
0.780.640.790.760.850.85-0.280.750.760.70.850.790.730.70.750.350.690.770.9-0.680.790.760.820.840.77
0.990.880.990.980.991.0-0.50.980.980.91.00.90.950.90.980.220.920.980.9-0.610.990.980.990.840.84
0.810.710.850.790.790.84-0.080.780.780.70.840.710.750.70.810.090.630.810.77-0.610.840.810.840.770.84
Click cells to compare fundamentals

Chongqing Zhifei Account Relationship Matchups

Chongqing Zhifei fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets10.9B15.2B30.0B38.0B50.2B52.7B
Other Current Liab142.4K445.3K70.9M1.6B2.1B2.2B
Total Current Liabilities5.1B6.8B11.9B13.2B18.1B19.0B
Total Stockholder Equity5.7B8.2B17.7B24.2B31.5B33.1B
Other Liab123.1M150.1M270.5M299.1M344.0M361.2M
Property Plant And Equipment Net2.0B2.4B3.6B4.7B5.1B5.4B
Net Debt1.2B1.4B(3.5B)(588.9M)(3.3B)(3.1B)
Retained Earnings3.5B5.7B15.0B21.6B27.9B29.3B
Accounts Payable2.2B3.1B9.2B9.8B13.1B13.8B
Cash1.2B1.4B4.3B2.6B6.3B6.7B
Non Current Assets Total2.8B3.7B5.3B6.6B7.7B8.1B
Non Currrent Assets Other116.1M293.0M523.9M340.2M391.1M410.7M
Cash And Short Term Investments1.2B1.4B4.3B2.6B6.3B6.7B
Net Receivables4.5B6.7B13.1B20.7B27.1B28.4B
Liabilities And Stockholders Equity10.9B15.2B30.0B38.0B50.2B52.7B
Non Current Liabilities Total123.1M150.1M519.2M537.5M411.3M431.9M
Inventory2.5B3.4B7.4B8.0B9.0B9.4B
Other Current Assets335.4K5.0M587.8K45.4M121.1M127.2M
Other Stockholder Equity306.9M483.0M208.0M208.0M48.0M45.6M
Total Liab5.2B7.0B12.4B13.8B18.5B19.4B
Total Current Assets8.2B11.5B24.8B31.4B42.5B44.6B
Intangible Assets455.0M635.8M787.3M1.1B1.3B1.4B
Property Plant Equipment2.0B2.4B3.6B4.7B5.4B5.7B
Short Long Term Debt Total2.4B2.9B817.8M2.0B3.0B3.2B
Current Deferred Revenue465.4M857.7M2.1B9.1M125.4M119.1M
Short Term Debt2.4B2.9B569.1M1.8B2.7B2.8B
Short Term Investments(27.1M)(49.2M)(51.5M)(10.1M)(9.1M)(9.6M)
Net Tangible Assets5.5B8.0B17.3B23.9B27.4B28.8B
Deferred Long Term Liab240.7M402.8M485.0M732.0M841.8M883.9M
Short Long Term Debt2.4B2.9B568.9M1.8B2.6B1.5B
Non Current Liabilities Other3.0M3.5M3.8M4.4M5.0M3.6M
Net Invested Capital8.1B11.1B18.5B26.2B34.5B36.2B
Net Working Capital3.1B4.7B12.9B18.2B24.4B25.6B

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 Chongqing Stock

Balance Sheet is a snapshot of the financial position of Chongqing Zhifei Bio at a specified time, usually calculated after every quarter, six months, or one year. Chongqing Zhifei Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Chongqing Zhifei 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.