AVIC Other Liab vs Long Term Investments Analysis

600765 Stock   20.27  0.37  1.79%   
AVIC Heavy financial indicator trend analysis is way more than just evaluating AVIC Heavy Machinery prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether AVIC Heavy Machinery is a good investment. Please check the relationship between AVIC Heavy Other Liab and its Long Term Investments accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in AVIC Heavy Machinery. 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.

Other Liab vs Long Term Investments

Other Liab vs Long Term Investments Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of AVIC Heavy Machinery Other Liab account and Long Term Investments. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between AVIC Heavy's Other Liab and Long Term Investments is -0.16. Overlapping area represents the amount of variation of Other Liab that can explain the historical movement of Long Term Investments in the same time period over historical financial statements of AVIC Heavy Machinery, assuming nothing else is changed. The correlation between historical values of AVIC Heavy's Other Liab and Long Term Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Liab of AVIC Heavy Machinery are associated (or correlated) with its Long Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Long Term Investments has no effect on the direction of Other Liab i.e., AVIC Heavy's Other Liab and Long Term Investments go up and down completely randomly.

Correlation Coefficient

-0.16
Relationship DirectionNegative 
Relationship StrengthInsignificant

Other Liab

Long Term Investments

Long Term Investments is an item on the asset side of AVIC Heavy balance sheet that represents investments AVIC Heavy Machinery intends to hold for over a year. AVIC Heavy Machinery long term investments may include different instruments such as stocks, bonds, real estate and cash.
Most indicators from AVIC Heavy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into AVIC Heavy Machinery 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 AVIC Heavy Machinery. 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 324.7 M, whereas Tax Provision is forecasted to decline to about 131.6 M.
 2021 2022 2023 2024 (projected)
Gross Profit2.5B3.1B3.3B2.2B
Research Development346.5M434.1M661.2M694.3M

AVIC Heavy fundamental ratios Correlations

0.330.950.950.980.860.930.250.720.98-0.250.950.970.370.180.950.310.790.760.030.130.640.120.80.490.28
0.330.390.250.170.390.190.090.110.330.370.380.240.370.170.170.310.230.20.350.45-0.08-0.150.290.070.05
0.950.390.850.920.740.860.170.810.92-0.050.970.930.460.340.850.430.690.650.120.30.570.280.680.590.27
0.950.250.850.970.950.970.070.540.92-0.480.810.950.12-0.080.990.130.860.89-0.020.050.750.040.910.460.23
0.980.170.920.970.860.960.160.690.95-0.360.890.970.250.080.980.230.790.81-0.050.060.740.170.820.530.24
0.860.390.740.950.860.880.00.340.83-0.470.690.860.04-0.190.920.040.830.890.010.040.67-0.10.930.360.18
0.930.190.860.970.960.880.00.60.87-0.520.810.950.09-0.020.990.190.890.850.090.110.730.070.880.480.32
0.250.090.170.070.160.00.00.320.370.310.390.090.690.410.050.45-0.120.02-0.22-0.130.040.0-0.01-0.080.0
0.720.110.810.540.690.340.60.320.690.040.830.710.570.580.570.390.40.290.280.240.420.440.280.50.21
0.980.330.920.920.950.830.870.370.69-0.180.940.930.460.190.90.310.680.74-0.110.020.650.120.750.460.15
-0.250.37-0.05-0.48-0.36-0.47-0.520.310.04-0.180.02-0.360.560.55-0.520.42-0.59-0.54-0.010.28-0.470.32-0.520.08-0.22
0.950.380.970.810.890.690.810.390.830.940.020.890.570.410.810.490.640.570.070.210.50.240.610.510.26
0.970.240.930.950.970.860.950.090.710.93-0.360.890.280.150.960.180.840.760.060.10.640.060.790.420.36
0.370.370.460.120.250.040.090.690.570.460.560.570.280.780.10.46-0.090.030.020.26-0.020.10.030.060.15
0.180.170.34-0.080.08-0.19-0.020.410.580.190.550.410.150.78-0.070.45-0.13-0.240.310.2-0.160.13-0.23-0.010.18
0.950.170.850.990.980.920.990.050.570.9-0.520.810.960.1-0.070.130.880.87-0.010.040.740.060.890.470.29
0.310.310.430.130.230.040.190.450.390.310.420.490.180.460.450.130.020.090.070.48-0.010.270.120.280.18
0.790.230.690.860.790.830.89-0.120.40.68-0.590.640.84-0.09-0.130.880.020.720.270.130.5-0.180.820.220.54
0.760.20.650.890.810.890.850.020.290.74-0.540.570.760.03-0.240.870.090.72-0.080.110.830.040.980.430.24
0.030.350.12-0.02-0.050.010.09-0.220.28-0.11-0.010.070.060.020.31-0.010.070.27-0.080.58-0.14-0.03-0.01-0.020.26
0.130.450.30.050.060.040.11-0.130.240.020.280.210.10.260.20.040.480.130.110.58-0.140.220.170.290.32
0.64-0.080.570.750.740.670.730.040.420.65-0.470.50.64-0.02-0.160.74-0.010.50.83-0.14-0.140.410.740.66-0.07
0.12-0.150.280.040.17-0.10.070.00.440.120.320.240.060.10.130.060.27-0.180.04-0.030.220.41-0.040.87-0.33
0.80.290.680.910.820.930.88-0.010.280.75-0.520.610.790.03-0.230.890.120.820.98-0.010.170.74-0.040.390.35
0.490.070.590.460.530.360.48-0.080.50.460.080.510.420.06-0.010.470.280.220.43-0.020.290.660.870.39-0.25
0.280.050.270.230.240.180.320.00.210.15-0.220.260.360.150.180.290.180.540.240.260.32-0.07-0.330.35-0.25
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AVIC Heavy Account Relationship Matchups

AVIC Heavy fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets14.4B15.7B19.7B21.1B25.4B26.7B
Other Current Liab279.3M283.1M1.9B1.3B680.1M643.3M
Total Current Liabilities6.1B6.1B7.3B9.5B10.6B11.2B
Total Stockholder Equity6.1B6.7B9.4B10.4B11.5B12.1B
Accounts Payable3.9B4.6B4.6B5.9B7.0B7.4B
Cash2.7B3.1B6.1B5.7B5.2B5.5B
Other Assets234.6M247.2M371.4M569.3M654.7M687.4M
Long Term Debt1.7B2.1B2.1B336.0M1.9B1.0B
Net Receivables4.7B2.3B2.6B3.8B5.6B5.9B
Inventory2.4B3.1B3.2B3.3B3.7B3.9B
Other Current Assets295.6M391.4M369.6M116.0M52.6M50.0M
Total Liab7.9B8.5B9.8B10.3B13.2B13.8B
Common Stock933.6M939.7M1.1B1.5B1.7B1.8B
Property Plant Equipment3.1B3.0B2.8B3.3B3.7B2.2B
Other Liab360.4M141.6M143.1M345.4M397.2M304.2M
Retained Earnings2.4B2.8B3.4B4.5B5.3B5.6B
Intangible Assets257.9M270.1M332.5M301.5M516.4M264.5M
Net Tangible Assets5.9B6.4B9.0B10.1B11.6B6.0B
Other Stockholder Equity(9.4M)(154.3M)31.7M26.8M24.1M25.3M
Deferred Long Term Liab2.9M1.9M4.0M4.9M4.4M3.1M
Short Long Term Debt1.8B1.1B535.4M272.1M1.1B1.1B
Total Current Assets10.1B11.5B15.4B16.1B17.8B12.8B
Non Current Assets Total4.3B4.1B4.3B5.0B7.6B5.3B
Non Currrent Assets Other100.1M87.6M174.5M343.3M292.5M172.8M
Non Current Liabilities Total1.8B2.4B2.5B759.8M2.6B2.1B
Non Current Liabilities Other63.2M1.6B1.3B1.5M1.8M1.7M
Common Stock Shares Outstanding933.6M939.7M1.1B1.5B1.5B1.2B
Net Invested Capital9.2B9.9B12.0B11.0B14.6B11.3B
Net Working Capital4.0B5.5B8.1B6.5B7.2B5.6B
Capital Stock933.6M939.7M1.1B1.5B1.5B1.2B

Currently Active Assets on Macroaxis

Other Information on Investing in AVIC Stock

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