Changshu Non Current Liabilities Total vs Total Current Liabilities Analysis

300342 Stock   19.47  0.78  4.17%   
Changshu Tianyin financial indicator trend analysis is way more than just evaluating Changshu Tianyin Ele prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Changshu Tianyin Ele is a good investment. Please check the relationship between Changshu Tianyin Non Current Liabilities Total and its Total Current Liabilities accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Changshu Tianyin Electromechan. 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.

Non Current Liabilities Total vs Total Current Liabilities

Non Current Liabilities Total vs Total Current Liabilities Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Changshu Tianyin Ele Non Current Liabilities Total account and Total Current Liabilities. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Changshu Tianyin's Non Current Liabilities Total and Total Current Liabilities is -0.17. Overlapping area represents the amount of variation of Non Current Liabilities Total that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of Changshu Tianyin Electromechan, assuming nothing else is changed. The correlation between historical values of Changshu Tianyin's Non Current Liabilities Total 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 Non Current Liabilities Total of Changshu Tianyin Electromechan 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 Non Current Liabilities Total i.e., Changshu Tianyin's Non Current Liabilities Total and Total Current Liabilities go up and down completely randomly.

Correlation Coefficient

-0.17
Relationship DirectionNegative 
Relationship StrengthInsignificant

Non Current Liabilities Total

Total Current Liabilities

Total Current Liabilities is an item on Changshu Tianyin balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Changshu Tianyin Electromechan 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 Changshu Tianyin's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Changshu Tianyin Ele 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 Changshu Tianyin Electromechan. 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 13.3 M, whereas Selling General Administrative is forecasted to decline to about 40.9 M.
 2021 2022 2023 2024 (projected)
Operating Income134.5M28.8M77.8M128.5M
Total Revenue1.0B839.2M1.0B696.9M

Changshu Tianyin fundamental ratios Correlations

0.840.920.980.990.90.190.420.910.890.450.930.820.970.970.640.920.86-0.580.480.880.930.850.60.35-0.2
0.840.890.780.880.83-0.060.270.680.860.60.890.680.80.830.460.770.69-0.440.530.850.830.890.660.4-0.13
0.920.890.840.930.96-0.060.470.810.950.471.00.660.890.950.490.930.79-0.670.430.910.960.90.660.34-0.17
0.980.780.840.960.830.30.370.90.820.410.850.840.960.930.680.870.85-0.520.480.820.860.780.540.34-0.21
0.990.880.930.960.920.060.390.90.920.460.930.840.960.970.620.910.84-0.550.560.880.920.870.590.34-0.22
0.90.830.960.830.92-0.120.480.810.980.290.960.630.840.930.410.930.74-0.60.480.830.950.870.470.13-0.17
0.19-0.06-0.060.30.06-0.12-0.10.12-0.130.12-0.060.150.150.050.2-0.040.150.02-0.220.0-0.02-0.10.080.19-0.07
0.420.270.470.370.390.48-0.10.280.49-0.060.470.120.40.470.20.640.47-0.760.040.480.60.570.450.20.43
0.910.680.810.90.90.810.120.280.780.30.810.810.90.880.640.830.81-0.610.420.80.840.740.470.33-0.32
0.890.860.950.820.920.98-0.130.490.780.310.960.60.820.920.330.90.68-0.630.450.810.920.880.530.13-0.06
0.450.60.470.410.460.290.12-0.060.30.310.470.450.490.470.420.310.44-0.130.530.520.360.460.80.83-0.42
0.930.891.00.850.930.96-0.060.470.810.960.470.660.890.950.490.930.8-0.670.430.910.960.90.660.34-0.17
0.820.680.660.840.840.630.150.120.810.60.450.660.860.740.760.660.77-0.30.480.650.670.620.440.39-0.32
0.970.80.890.960.960.840.150.40.90.820.490.890.860.950.750.910.9-0.550.50.90.90.80.610.44-0.25
0.970.830.950.930.970.930.050.470.880.920.470.950.740.950.580.940.83-0.60.550.920.940.870.620.37-0.25
0.640.460.490.680.620.410.20.20.640.330.420.490.760.750.580.610.88-0.260.360.610.580.480.420.52-0.27
0.920.770.930.870.910.93-0.040.640.830.90.310.930.660.910.940.610.89-0.690.470.910.980.90.560.32-0.14
0.860.690.790.850.840.740.150.470.810.680.440.80.770.90.830.880.89-0.570.430.830.880.790.590.52-0.24
-0.58-0.44-0.67-0.52-0.55-0.60.02-0.76-0.61-0.63-0.13-0.67-0.3-0.55-0.6-0.26-0.69-0.570.05-0.62-0.72-0.65-0.67-0.37-0.27
0.480.530.430.480.560.48-0.220.040.420.450.530.430.480.50.550.360.470.430.050.50.420.560.30.37-0.56
0.880.850.910.820.880.830.00.480.80.810.520.910.650.90.920.610.910.83-0.620.50.910.90.690.52-0.24
0.930.830.960.860.920.95-0.020.60.840.920.360.960.670.90.940.580.980.88-0.720.420.910.940.610.34-0.13
0.850.890.90.780.870.87-0.10.570.740.880.460.90.620.80.870.480.90.79-0.650.560.90.940.670.46-0.16
0.60.660.660.540.590.470.080.450.470.530.80.660.440.610.620.420.560.59-0.670.30.690.610.670.830.01
0.350.40.340.340.340.130.190.20.330.130.830.340.390.440.370.520.320.52-0.370.370.520.340.460.83-0.31
-0.2-0.13-0.17-0.21-0.22-0.17-0.070.43-0.32-0.06-0.42-0.17-0.32-0.25-0.25-0.27-0.14-0.24-0.27-0.56-0.24-0.13-0.160.01-0.31
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Changshu Tianyin Account Relationship Matchups

Changshu Tianyin fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets1.9B2.1B2.3B2.2B2.2B1.5B
Other Current Liab80.2M128.4M113.3M138.9M43.6M59.6M
Total Current Liabilities408.6M554.6M700.4M640.5M612.8M360.3M
Total Stockholder Equity1.4B1.5B1.5B1.5B1.5B1.1B
Retained Earnings651.9M715.9M754.8M721.8M638.7M441.7M
Accounts Payable246.8M347.5M409.0M351.8M357.7M210.1M
Cash136.3M205.5M198.0M159.2M253.9M250.7M
Other Assets40.2M29.1M27.5M71.3M82.0M86.1M
Net Receivables571.6M415.4M711.2M430.6M544.8M398.1M
Inventory287.9M412.8M539.8M537.1M413.5M222.0M
Other Current Assets60.5M41.6M14.0M24.6M796.1K756.3K
Total Liab422.6M568.0M714.4M659.8M628.0M373.0M
Intangible Assets93.2M96.4M92.7M69.6M61.0M61.5M
Common Stock431.9M431.8M431.8M425.0M488.8M290.5M
Property Plant Equipment362.6M385.8M398.7M381.4M438.6M254.0M
Other Liab14.2M14.0M13.3M11.4M13.1M13.3M
Net Tangible Assets1.1B1.2B1.2B1.2B1.4B1.1B
Other Stockholder Equity2.8M3.3M6.2M1.6M1.4M1.3M
Deferred Long Term Liab16.3M13.3M3.1M1.9M2.2M2.1M
Total Current Assets1.1B1.3B1.5B1.4B1.4B1.3B
Non Current Assets Total752.5M799.6M801.1M791.2M730.2M809.1M
Non Currrent Assets Other10.4M720.4K5.3M12.1M5.8M7.9M
Short Term Investments34.9M73.3M51.9M20.5M23.6M43.9M
Non Current Liabilities Total14.0M13.3M14.0M19.3M15.2M16.7M
Short Long Term Debt50.5M47.6M136.0M106.3M50.3M74.0M
Common Stock Shares Outstanding431.9M431.8M431.8M425.0M382.5M343.2M
Net Invested Capital1.5B1.5B1.7B1.6B1.6B1.7B
Net Working Capital699.5M730.5M762.6M729.0M819.6M792.3M

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Other Information on Investing in Changshu Stock

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