Hua Total Assets vs Total Current Liabilities Analysis

600015 Stock   7.25  0.07  0.97%   
Hua Xia financial indicator trend analysis is much more than just examining Hua Xia Bank latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Hua Xia Bank is a good investment. Please check the relationship between Hua Xia Total Assets and its Total Current Liabilities accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Hua Xia Bank. 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 Assets vs Total Current Liabilities

Total Assets vs Total Current Liabilities Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Hua Xia Bank Total Assets account and Total Current Liabilities. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Hua Xia's Total Assets and Total Current Liabilities is 0.87. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of Hua Xia Bank, assuming nothing else is changed. The correlation between historical values of Hua Xia's Total Assets 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 Total Assets of Hua Xia Bank 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 Total Assets i.e., Hua Xia's Total Assets and Total Current Liabilities go up and down completely randomly.

Correlation Coefficient

0.87
Relationship DirectionPositive 
Relationship StrengthStrong

Total Assets

Total assets refers to the total amount of Hua Xia assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Hua Xia Bank books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.

Total Current Liabilities

Total Current Liabilities is an item on Hua Xia balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Hua Xia Bank 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 Hua Xia's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Hua Xia Bank 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 Hua Xia Bank. 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.
As of November 26, 2024, Selling General Administrative is expected to decline to about 8 B. In addition to that, Tax Provision is expected to decline to about 7.4 B
 2023 2024 (projected)
Operating Income31.6B29.6B
Total Revenue93.2B62.1B

Hua Xia fundamental ratios Correlations

0.98-0.670.790.360.94-0.521.00.810.90.930.690.240.870.870.82-0.020.29-0.860.840.80.870.83-0.780.83-0.57
0.98-0.650.840.380.96-0.630.980.840.850.940.640.230.90.920.84-0.050.36-0.90.880.780.90.89-0.840.89-0.49
-0.67-0.65-0.65-0.23-0.690.21-0.67-0.69-0.44-0.73-0.19-0.49-0.45-0.47-0.36-0.33-0.330.46-0.43-0.38-0.44-0.620.5-0.620.17
0.790.84-0.650.460.8-0.580.780.930.530.820.30.340.780.810.690.030.44-0.640.650.580.760.88-0.740.880.03
0.360.38-0.230.460.36-0.290.350.330.190.33-0.060.110.40.380.370.020.09-0.340.360.10.380.37-0.310.370.04
0.940.96-0.690.80.36-0.740.940.80.830.940.630.320.870.880.80.020.39-0.860.830.790.860.89-0.850.89-0.53
-0.52-0.630.21-0.58-0.29-0.74-0.51-0.49-0.46-0.65-0.37-0.22-0.64-0.67-0.570.12-0.490.62-0.6-0.56-0.63-0.740.76-0.740.27
1.00.98-0.670.780.350.94-0.510.810.90.930.70.240.870.860.82-0.020.28-0.860.840.80.860.82-0.780.82-0.58
0.810.84-0.690.930.330.8-0.490.810.580.840.340.30.790.820.72-0.020.49-0.650.620.660.780.88-0.760.88-0.07
0.90.85-0.440.530.190.83-0.460.90.580.760.930.080.830.790.84-0.10.09-0.790.770.820.830.63-0.610.63-0.76
0.930.94-0.730.820.330.94-0.650.930.840.760.530.440.790.810.690.060.56-0.770.730.730.780.93-0.90.93-0.46
0.690.64-0.190.3-0.060.63-0.370.70.340.930.53-0.050.70.650.75-0.13-0.09-0.650.640.760.710.42-0.40.42-0.76
0.240.23-0.490.340.110.32-0.220.240.30.080.44-0.050.080.06-0.050.830.480.03-0.080.090.050.49-0.260.490.04
0.870.9-0.450.780.40.87-0.640.870.790.830.790.70.080.990.98-0.110.14-0.890.890.891.00.83-0.710.83-0.42
0.870.92-0.470.810.380.88-0.670.860.820.790.810.650.060.990.96-0.170.22-0.910.910.850.990.86-0.770.86-0.38
0.820.84-0.360.690.370.8-0.570.820.720.840.690.75-0.050.980.96-0.20.02-0.860.870.890.980.73-0.620.73-0.44
-0.02-0.05-0.330.030.020.020.12-0.02-0.02-0.10.06-0.130.83-0.11-0.17-0.2-0.030.17-0.2-0.12-0.140.110.220.110.1
0.290.36-0.330.440.090.39-0.490.280.490.090.56-0.090.480.140.220.02-0.03-0.120.020.120.110.6-0.730.60.02
-0.86-0.90.46-0.64-0.34-0.860.62-0.86-0.65-0.79-0.77-0.650.03-0.89-0.91-0.860.17-0.12-0.98-0.75-0.9-0.740.72-0.740.58
0.840.88-0.430.650.360.83-0.60.840.620.770.730.64-0.080.890.910.87-0.20.02-0.980.750.910.7-0.660.7-0.52
0.80.78-0.380.580.10.79-0.560.80.660.820.730.760.090.890.850.89-0.120.12-0.750.750.880.72-0.660.72-0.56
0.870.9-0.440.760.380.86-0.630.860.780.830.780.710.051.00.990.98-0.140.11-0.90.910.880.82-0.70.82-0.43
0.830.89-0.620.880.370.89-0.740.820.880.630.930.420.490.830.860.730.110.6-0.740.70.720.82-0.891.0-0.24
-0.78-0.840.5-0.74-0.31-0.850.76-0.78-0.76-0.61-0.9-0.4-0.26-0.71-0.77-0.620.22-0.730.72-0.66-0.66-0.7-0.89-0.890.38
0.830.89-0.620.880.370.89-0.740.820.880.630.930.420.490.830.860.730.110.6-0.740.70.720.821.0-0.89-0.24
-0.57-0.490.170.030.04-0.530.27-0.58-0.07-0.76-0.46-0.760.04-0.42-0.38-0.440.10.020.58-0.52-0.56-0.43-0.240.38-0.24
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Hua Xia Account Relationship Matchups

Hua Xia fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets3.0T3.4T3.7T3.9T4.3T4.5T
Total Stockholder Equity267.6B280.6B298.3B320.5B318.6B334.5B
Other Liab10.9B11.1B14.0B16.7B15.0B14.2B
Retained Earnings137.9B152.7B168.8B185.4B129.8B70.1B
Cash39.4B259.1B2.8T250.9B270.5B258.3B
Other Assets1.8T2.1T2.2T2.2T2.6T2.7T
Total Liab2.8T3.1T3.4T3.6T3.9T4.1T
Property Plant Equipment13.5B13.6B20.2B33.3B38.3B40.2B
Intangible Assets80M86M94M1.8B1.8B1.9B
Other Current Liab8.7B8.3B8.0B8.5B7.6B8.3B
Total Current Liabilities2.7T3.0T3.2T3.4T3.9T2.8T
Net Tangible Assets247.5B260.5B278.2B298.7B343.5B231.0B
Accounts Payable2.0T2.3T2.4T2.6T3.0T2.2T
Net Receivables6.4B8.5B3.7B4.4B3.9B3.7B
Inventory1.9B1.4B1.3B1.1B972.9M1.4B
Other Current Assets161.1B164.8B162.6B169.6B152.7B148.8B
Other Stockholder Equity41.1B39.3B40.8B38.4B44.2B46.4B
Deferred Long Term Liab1.3B1.6B1.4B1.5B1.8B1.5B
Long Term Investments900.4B1.0T1.2T1.3T1.6T959.4B
Total Current Assets372.3B358.3B377.2B418.4B376.5B336.4B
Net Debt275.3B361.8B374.0B446.3B527.2B359.3B
Net Invested Capital755.3B881.5B939.5B997.7B1.1T928.4B

Currently Active Assets on Macroaxis

Other Information on Investing in Hua Stock

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