Xiamen Total Current Assets vs Cash And Short Term Investments Analysis

601187 Stock   5.50  0.02  0.36%   
Xiamen Bank financial indicator trend analysis is more than just analyzing Xiamen Bank current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Xiamen Bank is a good investment. Please check the relationship between Xiamen Bank Total Current Assets and its Cash And Short Term Investments accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Xiamen Bank Co. 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 Assets vs Cash And Short Term Investments

Total Current Assets vs Cash And Short Term Investments Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Xiamen Bank Total Current Assets account and Cash And Short Term Investments. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Xiamen Bank's Total Current Assets and Cash And Short Term Investments is 0.83. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Cash And Short Term Investments in the same time period over historical financial statements of Xiamen Bank Co, assuming nothing else is changed. The correlation between historical values of Xiamen Bank's Total Current Assets and Cash And Short 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 Total Current Assets of Xiamen Bank Co are associated (or correlated) with its Cash And Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Short Term Investments has no effect on the direction of Total Current Assets i.e., Xiamen Bank's Total Current Assets and Cash And Short Term Investments go up and down completely randomly.

Correlation Coefficient

0.83
Relationship DirectionPositive 
Relationship StrengthStrong

Total Current Assets

The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.

Cash And Short Term Investments

Short Term Investments is an account in the current assets section of Xiamen Bank balance sheet. This account contains Xiamen Bank investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Xiamen Bank Co fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.
Most indicators from Xiamen Bank's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Xiamen 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 Xiamen Bank Co. 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 2.3 B, whereas Tax Provision is projected to grow to (105.1 M).
 2021 2022 2023 2024 (projected)
Interest Expense6.9B7.5B8.2B8.6B
Depreciation And Amortization108.4M259.6M298.6M313.5M

Xiamen Bank fundamental ratios Correlations

0.990.740.910.960.820.950.850.960.20.870.991.00.950.80.970.65-0.140.830.670.80.820.81
0.990.680.920.980.740.940.80.960.110.841.00.980.970.740.970.72-0.070.880.740.840.880.86
0.740.680.540.610.80.650.710.640.480.70.710.740.60.840.620.51-0.050.630.440.640.560.56
0.910.920.540.920.680.830.760.850.090.810.910.910.90.690.960.68-0.060.760.70.670.780.74
0.960.980.610.920.640.910.70.94-0.040.840.970.950.960.660.960.74-0.110.910.760.860.90.89
0.820.740.80.680.640.710.870.710.580.640.780.820.670.820.730.4-0.010.470.410.440.490.46
0.950.940.650.830.910.710.80.990.140.90.950.950.910.770.950.56-0.120.790.570.810.760.77
0.850.80.710.760.70.870.80.810.480.660.820.850.70.750.820.56-0.050.610.580.550.60.63
0.960.960.640.850.940.710.990.810.130.880.970.960.920.740.960.63-0.070.830.650.830.810.81
0.20.110.480.09-0.040.580.140.480.130.10.160.210.030.40.12-0.040.05-0.08-0.06-0.08-0.08-0.08
0.870.840.70.810.840.640.90.660.880.10.870.880.840.860.90.44-0.180.690.40.730.640.61
0.991.00.710.910.970.780.950.820.970.160.870.990.960.780.980.67-0.090.860.690.830.850.83
1.00.980.740.910.950.820.950.850.960.210.880.990.950.810.970.64-0.140.820.660.790.810.8
0.950.970.60.90.960.670.910.70.920.030.840.960.950.710.950.65-0.090.860.660.830.880.8
0.80.740.840.690.660.820.770.750.740.40.860.780.810.710.760.39-0.010.540.320.550.520.43
0.970.970.620.960.960.730.950.820.960.120.90.980.970.950.760.65-0.10.810.660.770.80.78
0.650.720.510.680.740.40.560.560.63-0.040.440.670.640.650.390.650.230.880.980.720.890.88
-0.14-0.07-0.05-0.06-0.11-0.01-0.12-0.05-0.070.05-0.18-0.09-0.14-0.09-0.01-0.10.23-0.010.190.00.15-0.04
0.830.880.630.760.910.470.790.610.83-0.080.690.860.820.860.540.810.88-0.010.870.950.960.97
0.670.740.440.70.760.410.570.580.65-0.060.40.690.660.660.320.660.980.190.870.70.890.89
0.80.840.640.670.860.440.810.550.83-0.080.730.830.790.830.550.770.720.00.950.70.880.92
0.820.880.560.780.90.490.760.60.81-0.080.640.850.810.880.520.80.890.150.960.890.880.92
0.810.860.560.740.890.460.770.630.81-0.080.610.830.80.80.430.780.88-0.040.970.890.920.92
Click cells to compare fundamentals

Xiamen Bank Account Relationship Matchups

Xiamen Bank fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets246.9B285.2B329.5B371.2B390.7B410.2B
Total Stockholder Equity15.3B19.4B22.8B24.2B29.9B31.4B
Property Plant And Equipment Net661.5M679.5M858.7M976.1M1.1B610.3M
Net Debt26.0B30.9B19.6B35.1B49.0B51.4B
Retained Earnings3.8B4.7B5.6B6.7B7.9B8.3B
Cash33.5B37.5B59.9B53.8B54.6B57.3B
Other Assets116.2B149.7B173.1B213.7B245.8B258.1B
Cash And Short Term Investments33.5B37.5B59.9B53.8B61.9B64.9B
Common Stock Shares Outstanding2.4B2.4B2.7B2.8B2.6B2.1B
Liabilities And Stockholders Equity246.9B285.2B329.5B371.2B426.9B448.2B
Other Stockholder Equity9.1B12.0B14.5B14.8B17.0B17.9B
Total Liab231.3B265.5B306.2B346.5B360.1B378.2B
Intangible Assets223.1M507.3M479.9M462.1M551.8M579.4M
Short Long Term Debt Total59.5B68.5B79.5B88.9B102.2B107.3B

Currently Active Assets on Macroaxis

Other Information on Investing in Xiamen Stock

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