Qtone Change To Liabilities vs Free Cash Flow Analysis

300359 Stock

6.08 0.23 3.65%

Qtone Education financial indicator trend analysis is much more than just breaking down Qtone Education Group prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Qtone Education Group is a good investment. Please check the relationship between Qtone Education Change To Liabilities and its Free Cash Flow accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Qtone Education Group. 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.

Change To Liabilities vs Free Cash Flow

Change To Liabilities vs Free Cash Flow Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Qtone Education Group Change To Liabilities account and Free Cash Flow. At this time, the significance of the direction appears to have weak contrarian relationship.

The correlation between Qtone Education's Change To Liabilities and Free Cash Flow is -0.07. Overlapping area represents the amount of variation of Change To Liabilities that can explain the historical movement of Free Cash Flow in the same time period over historical financial statements of Qtone Education Group, assuming nothing else is changed. The correlation between historical values of Qtone Education's Change To Liabilities and Free Cash Flow is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Change To Liabilities of Qtone Education Group are associated (or correlated) with its Free Cash Flow. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Free Cash Flow has no effect on the direction of Change To Liabilities i.e., Qtone Education's Change To Liabilities and Free Cash Flow go up and down completely randomly.

Correlation Coefficient

-0.07

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Change To Liabilities

Free Cash Flow

The amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.

Most indicators from Qtone Education's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Qtone Education Group 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 Qtone Education Group. 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 58.6 M. The current year's Tax Provision is expected to grow to about 13.4 M

	2021	2022	2023	2024 (projected)
Gross Profit	220.1M	155.0M	173.8M	183.6M
Research Development	34.0M	31.5M	36.2M	29.1M

Gross Profit Research Development

Qtone Education fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Retained Earnings	Accounts Payable	Cash	Other Assets	Net Receivables	Inventory	Other Current Assets	Total Liab	Common Stock	Property Plant Equipment	Intangible Assets	Other Liab	Net Tangible Assets	Good Will	Short Term Investments	Deferred Long Term Liab	Long Term Investments	Total Current Assets	Non Current Assets Total	Non Currrent Assets Other	Long Term Debt	Non Current Liabilities Total
Total Assets		0.64	0.82	0.97	0.08	0.64	0.71	0.62	0.88	0.94	0.68	0.82	0.69	0.5	0.69	0.4	-0.19	-0.03	-0.33	-0.25	0.59	0.09	-0.03	-0.4	0.59	0.56
Other Current Liab	0.64		0.73	0.56	-0.17	0.48	0.81	0.35	0.45	0.55	0.53	0.7	0.48	0.39	0.71	0.51	-0.29	-0.2	-0.03	-0.24	0.33	0.15	-0.16	-0.26	0.17	0.37
Total Current Liabilities	0.82	0.73		0.65	-0.41	0.88	0.76	0.63	0.87	0.77	0.6	1.0	0.87	0.57	0.78	0.84	-0.64	-0.46	-0.05	-0.53	0.81	-0.16	-0.43	-0.69	0.61	0.6
Total Stockholder Equity	0.97	0.56	0.65		0.28	0.46	0.62	0.57	0.78	0.89	0.64	0.65	0.53	0.4	0.58	0.18	0.02	0.16	-0.42	-0.09	0.42	0.16	0.14	-0.22	0.49	0.46
Retained Earnings	0.08	-0.17	-0.41	0.28		-0.6	-0.44	-0.09	-0.12	0.01	0.05	-0.38	-0.57	-0.35	0.02	-0.74	0.74	0.99	-0.53	0.52	-0.63	0.64	0.97	0.71	-0.17	0.13
Accounts Payable	0.64	0.48	0.88	0.46	-0.6		0.66	0.5	0.84	0.67	0.56	0.89	0.97	0.63	0.53	0.82	-0.61	-0.65	0.06	-0.54	0.97	-0.17	-0.64	-0.87	0.67	0.51
Cash	0.71	0.81	0.76	0.62	-0.44	0.66		0.48	0.55	0.65	0.47	0.72	0.73	0.58	0.45	0.58	-0.38	-0.53	0.11	-0.33	0.62	-0.21	-0.53	-0.51	0.29	0.13
Other Assets	0.62	0.35	0.63	0.57	-0.09	0.5	0.48		0.6	0.4	0.4	0.6	0.58	0.21	0.55	0.44	-0.2	-0.17	-0.34	-0.02	0.54	-0.25	-0.15	-0.15	0.14	0.17
Net Receivables	0.88	0.45	0.87	0.78	-0.12	0.84	0.55	0.6		0.88	0.68	0.89	0.83	0.56	0.69	0.61	-0.38	-0.2	-0.26	-0.48	0.81	0.06	-0.2	-0.65	0.78	0.73
Inventory	0.94	0.55	0.77	0.89	0.01	0.67	0.65	0.4	0.88		0.59	0.79	0.69	0.53	0.63	0.4	-0.27	-0.07	-0.16	-0.33	0.61	0.11	-0.09	-0.56	0.73	0.66
Other Current Assets	0.68	0.53	0.6	0.64	0.05	0.56	0.47	0.4	0.68	0.59		0.6	0.55	0.31	0.52	0.3	0.09	-0.03	-0.66	-0.28	0.47	0.37	-0.03	-0.28	0.33	0.44
Total Liab	0.82	0.7	1.0	0.65	-0.38	0.89	0.72	0.6	0.89	0.79	0.6		0.86	0.57	0.8	0.83	-0.64	-0.43	-0.06	-0.56	0.81	-0.12	-0.4	-0.71	0.67	0.67
Common Stock	0.69	0.48	0.87	0.53	-0.57	0.97	0.73	0.58	0.83	0.69	0.55	0.86		0.64	0.51	0.78	-0.53	-0.64	0.05	-0.48	0.98	-0.21	-0.64	-0.8	0.59	0.4
Property Plant Equipment	0.5	0.39	0.57	0.4	-0.35	0.63	0.58	0.21	0.56	0.53	0.31	0.57	0.64		0.12	0.49	-0.34	-0.42	0.1	-0.35	0.62	-0.12	-0.42	-0.58	0.44	0.29
Intangible Assets	0.69	0.71	0.78	0.58	0.02	0.53	0.45	0.55	0.69	0.63	0.52	0.8	0.51	0.12		0.59	-0.38	0.02	-0.2	-0.35	0.42	0.21	0.07	-0.29	0.41	0.74
Other Liab	0.4	0.51	0.84	0.18	-0.74	0.82	0.58	0.44	0.61	0.4	0.3	0.83	0.78	0.49	0.59		-0.87	-0.74	0.26	-0.75	0.8	-0.37	-0.69	-0.76	0.49	0.44
Net Tangible Assets	-0.19	-0.29	-0.64	0.02	0.74	-0.61	-0.38	-0.2	-0.38	-0.27	0.09	-0.64	-0.53	-0.34	-0.38	-0.87		0.71	-0.52	0.69	-0.59	0.56	0.67	0.74	-0.52	-0.38
Good Will	-0.03	-0.2	-0.46	0.16	0.99	-0.65	-0.53	-0.17	-0.2	-0.07	-0.03	-0.43	-0.64	-0.42	0.02	-0.74	0.71		-0.47	0.53	-0.69	0.66	1.0	0.74	-0.21	0.14
Short Term Investments	-0.33	-0.03	-0.05	-0.42	-0.53	0.06	0.11	-0.34	-0.26	-0.16	-0.66	-0.06	0.05	0.1	-0.2	0.26	-0.52	-0.47		-0.23	0.08	-0.31	-0.47	-0.32	0.13	-0.12
Deferred Long Term Liab	-0.25	-0.24	-0.53	-0.09	0.52	-0.54	-0.33	-0.02	-0.48	-0.33	-0.28	-0.56	-0.48	-0.35	-0.35	-0.75	0.69	0.53	-0.23		-0.53	0.16	0.51	0.68	-0.62	-0.46
Long Term Investments	0.59	0.33	0.81	0.42	-0.63	0.97	0.62	0.54	0.81	0.61	0.47	0.81	0.98	0.62	0.42	0.8	-0.59	-0.69	0.08	-0.53		-0.3	-0.7	-0.85	0.64	0.38
Total Current Assets	0.09	0.15	-0.16	0.16	0.64	-0.17	-0.21	-0.25	0.06	0.11	0.37	-0.12	-0.21	-0.12	0.21	-0.37	0.56	0.66	-0.31	0.16	-0.3		0.66	0.31	0.05	0.42
Non Current Assets Total	-0.03	-0.16	-0.43	0.14	0.97	-0.64	-0.53	-0.15	-0.2	-0.09	-0.03	-0.4	-0.64	-0.42	0.07	-0.69	0.67	1.0	-0.47	0.51	-0.7	0.66		0.75	-0.23	0.17
Non Currrent Assets Other	-0.4	-0.26	-0.69	-0.22	0.71	-0.87	-0.51	-0.15	-0.65	-0.56	-0.28	-0.71	-0.8	-0.58	-0.29	-0.76	0.74	0.74	-0.32	0.68	-0.85	0.31	0.75		-0.76	-0.46
Long Term Debt	0.59	0.17	0.61	0.49	-0.17	0.67	0.29	0.14	0.78	0.73	0.33	0.67	0.59	0.44	0.41	0.49	-0.52	-0.21	0.13	-0.62	0.64	0.05	-0.23	-0.76		0.75
Non Current Liabilities Total	0.56	0.37	0.6	0.46	0.13	0.51	0.13	0.17	0.73	0.66	0.44	0.67	0.4	0.29	0.74	0.44	-0.38	0.14	-0.12	-0.46	0.38	0.42	0.17	-0.46	0.75

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Qtone Education Account Relationship Matchups

Qtone Education fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	1.4B	1.3B	1.3B	1.2B	1.1B	1.4B
Other Current Liab	149.8M	202.3M	181.6M	158.7M	634.3K	602.6K
Total Current Liabilities	568.1M	520.4M	466.4M	336.1M	226.4M	318.8M
Total Stockholder Equity	624.0M	675.7M	667.2M	703.5M	701.1M	920.1M
Retained Earnings	(1.0B)	(954.0M)	(945.6M)	(910.1M)	(927.6M)	(881.2M)
Accounts Payable	90.1M	80.2M	85.5M	92.2M	76.7M	55.8M
Cash	404.9M	526.6M	507.7M	524.9M	443.8M	374.9M
Other Assets	58.5M	69.6M	46.1M	21.3M	24.4M	40.9M
Net Receivables	304.0M	248.3M	266.2M	230.3M	252.4M	246.4M
Inventory	15.5M	7.7M	11.7M	11.1M	15.8M	12.9M
Other Current Assets	15.7M	14.6M	5.8M	49.9M	4.3M	4.1M
Total Liab	640.5M	555.4M	515.7M	360.2M	240.6M	355.1M
Common Stock	634.2M	634.1M	633.7M	633.3M	728.3M	424.5M
Property Plant Equipment	37.2M	35.2M	57.5M	44.3M	51.0M	36.6M
Intangible Assets	131.1M	117.9M	110.7M	43.7M	30.5M	29.0M
Other Liab	33.0M	35.0M	30.1M	14.4M	16.5M	19.3M
Net Tangible Assets	369.3M	434.3M	458.8M	624.0M	561.6M	428.5M
Short Term Investments	51.1M	66.5M	61.2M	39.3M	69.2M	52.0M
Deferred Long Term Liab	7.6M	6.3M	7.2M	7.9M	7.1M	5.9M
Total Current Assets	826.2M	887.6M	856.6M	953.1M	868.9M	731.0M
Non Current Assets Total	524.7M	454.5M	422.8M	213.7M	184.0M	174.8M
Non Currrent Assets Other	430.6K	45.5M	442.8K	1.7M	1.6M	1.5M
Non Current Liabilities Total	72.4M	35.0M	49.3M	24.0M	14.1M	13.4M
Short Long Term Debt	229.5M	198.1M	145.2M	40.0M	50.0K	47.5K
Non Current Liabilities Other	751.5K	4.1M	290.1K	6.2M	1.3M	1.9M
Common Stock Shares Outstanding	634.2M	634.1M	633.7M	633.3M	570.0M	506.9M
Net Invested Capital	892.9M	873.9M	812.4M	743.5M	701.1M	916.5M
Net Working Capital	258.1M	367.2M	390.2M	617.0M	642.4M	501.3M
Capital Stock	634.2M	634.1M	633.7M	633.3M	570.0M	506.9M

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Other Information on Investing in Qtone Stock

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

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Qtone Change To Liabilities vs Free Cash Flow Analysis

Change To Liabilities vs Free Cash Flow

Change To Liabilities vs Free Cash Flow Correlation Analysis

Correlation Coefficient

Change To Liabilities

Free Cash Flow

Qtone Education fundamental ratios Correlations

Qtone Education Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Qtone Education fundamental ratios Accounts

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COMMON DESTINATIONS

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COMPANY

Total Liab	+ 1.0	Total Current Liabilities
Non Current Assets Total	+ 1.0	Good Will
Good Will	+ 0.99	Retained Earnings
Long Term Investments	+ 0.98	Common Stock
Total Stockholder Equity	+ 0.97	Total Assets
Non Current Assets Total	+ 0.97	Retained Earnings

Net Tangible Assets	- 0.87	Other Liab
Non Currrent Assets Other	- 0.87	Accounts Payable
Non Currrent Assets Other	- 0.85	Long Term Investments
Non Currrent Assets Other	- 0.8	Common Stock
Long Term Debt	- 0.76	Non Currrent Assets Other
Non Currrent Assets Other	- 0.76	Other Liab