Changchun Net Debt vs Good Will Analysis

601279 Stock

4.11 0.06 1.48%

Changchun Engley financial indicator trend analysis is way more than just evaluating Changchun Engley Aut prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Changchun Engley Aut is a good investment. Please check the relationship between Changchun Engley Net Debt and its Good Will accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Changchun Engley Automobile. 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.

Net Debt vs Good Will

Net Debt vs Good Will Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Changchun Engley Aut Net Debt account and Good Will. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Changchun Engley's Net Debt and Good Will is -0.34. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Good Will in the same time period over historical financial statements of Changchun Engley Automobile, assuming nothing else is changed. The correlation between historical values of Changchun Engley's Net Debt and Good Will is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Debt of Changchun Engley Automobile are associated (or correlated) with its Good Will. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Good Will has no effect on the direction of Net Debt i.e., Changchun Engley's Net Debt and Good Will go up and down completely randomly.

Correlation Coefficient

-0.34

Relationship Direction	Negative
Relationship Strength	Insignificant

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Net Debt

The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.

Good Will

An intangible asset that arises when a company acquires another business for more than the fair market value of its net identifiable assets, representing the value of the brand, customer base, and other intangible factors.

Most indicators from Changchun Engley's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Changchun Engley Aut 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 Changchun Engley Automobile. 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.

As of December 1, 2024, Selling General Administrative is expected to decline to about 91.6 M. In addition to that, Tax Provision is expected to decline to about 25.5 M

	2021	2022	2023	2024 (projected)
Interest Expense	35.3M	30.4M	36.1M	50.9M
Depreciation And Amortization	377.0M	375.7M	432.1M	310.6M

Interest Expense Depreciation And Amortization

Changchun Engley fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Good Will	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Intangible Assets	Common Stock	Long Term Debt	Net Receivables
Total Assets		0.92	-0.85	0.96	0.99	0.99	-0.64	0.96	0.98	0.96	0.99	0.16	0.97	0.65	0.93	0.9	0.95	-0.85	0.97	0.98	0.99	0.13	-0.86	0.98	0.85	0.71
Short Long Term Debt Total	0.92		-0.83	0.87	0.9	0.9	-0.34	0.84	0.84	0.87	0.91	0.34	0.87	0.62	0.76	0.95	0.91	-0.67	0.9	0.94	0.92	0.34	-0.73	0.9	0.75	0.59
Other Current Liab	-0.85	-0.83		-0.74	-0.87	-0.84	0.45	-0.84	-0.75	-0.82	-0.85	0.0	-0.76	-0.57	-0.82	-0.83	-0.78	0.71	-0.79	-0.81	-0.84	-0.05	0.86	-0.87	-0.76	-0.61
Total Current Liabilities	0.96	0.87	-0.74		0.94	0.95	-0.67	0.89	0.96	0.91	0.95	0.26	0.94	0.6	0.89	0.81	0.93	-0.85	0.95	0.97	0.95	0.23	-0.84	0.93	0.8	0.7
Total Stockholder Equity	0.99	0.9	-0.87	0.94		0.99	-0.66	0.97	0.96	0.97	0.98	0.1	0.96	0.64	0.95	0.88	0.93	-0.86	0.97	0.96	0.99	0.11	-0.85	0.99	0.83	0.7
Property Plant And Equipment Net	0.99	0.9	-0.84	0.95	0.99		-0.64	0.98	0.98	0.95	0.99	0.13	0.95	0.66	0.95	0.89	0.93	-0.87	0.95	0.97	0.98	0.07	-0.85	0.97	0.85	0.75
Net Debt	-0.64	-0.34	0.45	-0.67	-0.66	-0.64		-0.66	-0.74	-0.71	-0.62	0.19	-0.75	-0.34	-0.74	-0.39	-0.5	0.73	-0.64	-0.59	-0.65	0.31	0.66	-0.65	-0.67	-0.46
Retained Earnings	0.96	0.84	-0.84	0.89	0.97	0.98	-0.66		0.96	0.92	0.97	0.05	0.92	0.64	0.95	0.88	0.88	-0.87	0.91	0.92	0.95	-0.07	-0.85	0.95	0.85	0.72
Accounts Payable	0.98	0.84	-0.75	0.96	0.96	0.98	-0.74	0.96		0.94	0.97	0.14	0.97	0.62	0.94	0.85	0.91	-0.87	0.94	0.96	0.97	0.02	-0.85	0.94	0.85	0.72
Cash	0.96	0.87	-0.82	0.91	0.97	0.95	-0.71	0.92	0.94		0.93	0.04	0.98	0.7	0.91	0.88	0.85	-0.8	0.94	0.94	0.98	0.04	-0.77	0.97	0.91	0.68
Non Current Assets Total	0.99	0.91	-0.85	0.95	0.98	0.99	-0.62	0.97	0.97	0.93		0.24	0.95	0.58	0.95	0.88	0.93	-0.89	0.97	0.97	0.97	0.16	-0.88	0.96	0.81	0.67
Non Currrent Assets Other	0.16	0.34	0.0	0.26	0.1	0.13	0.19	0.05	0.14	0.04	0.24		0.16	-0.35	0.02	0.19	0.17	-0.21	0.24	0.24	0.1	0.7	-0.17	0.05	-0.09	-0.35
Cash And Short Term Investments	0.97	0.87	-0.76	0.94	0.96	0.95	-0.75	0.92	0.97	0.98	0.95	0.16		0.6	0.9	0.86	0.88	-0.83	0.96	0.96	0.97	0.1	-0.79	0.96	0.85	0.63
Good Will	0.65	0.62	-0.57	0.6	0.64	0.66	-0.34	0.64	0.62	0.7	0.58	-0.35	0.6		0.64	0.66	0.6	-0.45	0.53	0.65	0.69	-0.22	-0.34	0.67	0.82	0.9
Common Stock Shares Outstanding	0.93	0.76	-0.82	0.89	0.95	0.95	-0.74	0.95	0.94	0.91	0.95	0.02	0.9	0.64		0.75	0.82	-0.95	0.9	0.88	0.91	-0.04	-0.84	0.93	0.85	0.74
Non Current Liabilities Total	0.9	0.95	-0.83	0.81	0.88	0.89	-0.39	0.88	0.85	0.88	0.88	0.19	0.86	0.66	0.75		0.85	-0.62	0.83	0.92	0.91	0.07	-0.72	0.86	0.82	0.62
Inventory	0.95	0.91	-0.78	0.93	0.93	0.93	-0.5	0.88	0.91	0.85	0.93	0.17	0.88	0.6	0.82	0.85		-0.71	0.94	0.94	0.94	0.28	-0.81	0.93	0.68	0.73
Other Current Assets	-0.85	-0.67	0.71	-0.85	-0.86	-0.87	0.73	-0.87	-0.87	-0.8	-0.89	-0.21	-0.83	-0.45	-0.95	-0.62	-0.71		-0.83	-0.8	-0.8	-0.03	0.82	-0.82	-0.75	-0.58
Other Stockholder Equity	0.97	0.9	-0.79	0.95	0.97	0.95	-0.64	0.91	0.94	0.94	0.97	0.24	0.96	0.53	0.9	0.83	0.94	-0.83		0.95	0.96	0.3	-0.82	0.97	0.74	0.6
Total Liab	0.98	0.94	-0.81	0.97	0.96	0.97	-0.59	0.92	0.96	0.94	0.97	0.24	0.96	0.65	0.88	0.92	0.94	-0.8	0.95		0.98	0.17	-0.84	0.94	0.85	0.7
Total Current Assets	0.99	0.92	-0.84	0.95	0.99	0.98	-0.65	0.95	0.97	0.98	0.97	0.1	0.97	0.69	0.91	0.91	0.94	-0.8	0.96	0.98		0.11	-0.83	0.98	0.86	0.73
Short Term Debt	0.13	0.34	-0.05	0.23	0.11	0.07	0.31	-0.07	0.02	0.04	0.16	0.7	0.1	-0.22	-0.04	0.07	0.28	-0.03	0.3	0.17	0.11		-0.05	0.14	-0.24	-0.21
Intangible Assets	-0.86	-0.73	0.86	-0.84	-0.85	-0.85	0.66	-0.85	-0.85	-0.77	-0.88	-0.17	-0.79	-0.34	-0.84	-0.72	-0.81	0.82	-0.82	-0.84	-0.83	-0.05		-0.82	-0.67	-0.55
Common Stock	0.98	0.9	-0.87	0.93	0.99	0.97	-0.65	0.95	0.94	0.97	0.96	0.05	0.96	0.67	0.93	0.86	0.93	-0.82	0.97	0.94	0.98	0.14	-0.82		0.83	0.72
Long Term Debt	0.85	0.75	-0.76	0.8	0.83	0.85	-0.67	0.85	0.85	0.91	0.81	-0.09	0.85	0.82	0.85	0.82	0.68	-0.75	0.74	0.85	0.86	-0.24	-0.67	0.83		0.75
Net Receivables	0.71	0.59	-0.61	0.7	0.7	0.75	-0.46	0.72	0.72	0.68	0.67	-0.35	0.63	0.9	0.74	0.62	0.73	-0.58	0.6	0.7	0.73	-0.21	-0.55	0.72	0.75

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Changchun Engley Account Relationship Matchups

Changchun Engley fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	6.4B	7.0B	7.1B	7.9B	8.4B	7.3B
Short Long Term Debt Total	1.1B	1.1B	862.5M	1.2B	1.4B	1.1B
Other Current Liab	262.0M	298.7M	245.5M	338.2M	1.2M	1.1M
Total Current Liabilities	2.4B	2.6B	2.5B	3.0B	2.7B	2.7B
Total Stockholder Equity	3.1B	3.3B	3.6B	3.7B	4.3B	3.4B
Property Plant And Equipment Net	2.2B	2.3B	2.5B	2.8B	2.9B	2.5B
Net Debt	433.2M	(55.5M)	(175.1M)	53.1M	47.8M	45.4M
Retained Earnings	1.1B	1.2B	1.4B	1.4B	1.5B	1.3B
Accounts Payable	1.4B	1.8B	1.8B	2.2B	2.0B	1.7B
Cash	679.7M	1.2B	1.0B	1.1B	1.7B	990.7M
Non Current Assets Total	3.3B	3.4B	3.4B	3.7B	3.7B	3.5B
Non Currrent Assets Other	642.5M	610.3M	223.8M	393.2M	175.3M	319.7M
Cash And Short Term Investments	679.7M	1.2B	1.0B	1.1B	1.3B	867.9M
Common Stock Shares Outstanding	1.4B	1.4B	1.5B	1.5B	1.6B	1.5B
Liabilities And Stockholders Equity	6.4B	7.0B	7.1B	7.9B	9.1B	6.8B
Non Current Liabilities Total	518.3M	770.4M	529.1M	803.3M	990.7M	734.1M
Inventory	1.1B	981.7M	1.2B	1.4B	1.3B	1.2B
Other Current Assets	74.9M	60.5M	68.2M	50.7M	80.7M	76.7M
Other Stockholder Equity	684.9M	696.2M	798.6M	798.2M	918.0M	627.8M
Total Liab	3.0B	3.4B	3.0B	3.8B	3.7B	3.4B
Total Current Assets	3.1B	3.6B	3.7B	4.3B	4.7B	3.8B
Short Term Debt	802.8M	475.5M	413.1M	470.1M	423.1M	428.2M
Intangible Assets	338.0M	321.8M	305.5M	324.6M	330.7M	270.7M

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

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Changchun Net Debt vs Good Will Analysis

Net Debt vs Good Will

Net Debt vs Good Will Correlation Analysis

Correlation Coefficient

Net Debt

Good Will

Changchun Engley fundamental ratios Correlations

Changchun Engley Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Changchun Engley fundamental ratios Accounts

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Other Information on Investing in Changchun Stock

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Total Stockholder Equity	+ 0.99	Total Assets
Property Plant And Equipment Net	+ 0.99	Total Assets
Non Current Assets Total	+ 0.99	Total Assets
Total Current Assets	+ 0.99	Total Assets
Property Plant And Equipment Net	+ 0.99	Total Stockholder Equity
Total Current Assets	+ 0.99	Total Stockholder Equity

Other Current Assets	- 0.95	Common Stock Shares Outstanding
Other Current Assets	- 0.89	Non Current Assets Total
Intangible Assets	- 0.88	Non Current Assets Total
Other Current Assets	- 0.87	Accounts Payable
Other Current Assets	- 0.87	Retained Earnings
Other Current Assets	- 0.87	Property Plant And Equipment Net