Changchun Short Long Term Debt Total vs Good Will Analysis

601279 Stock   4.05  0.05  1.25%   
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 Short Long Term Debt Total 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.

Short Long Term Debt Total vs Good Will

Short Long Term Debt Total 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 Short Long Term Debt Total account and Good Will. At this time, the significance of the direction appears to have strong relationship.
The correlation between Changchun Engley's Short Long Term Debt Total and Good Will is 0.62. Overlapping area represents the amount of variation of Short Long Term Debt Total 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 Short Long Term Debt Total 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 Short Long Term Debt Total 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 Short Long Term Debt Total i.e., Changchun Engley's Short Long Term Debt Total and Good Will go up and down completely randomly.

Correlation Coefficient

0.62
Relationship DirectionPositive 
Relationship StrengthSignificant

Short Long Term Debt Total

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 November 29, 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 Expense35.3M30.4M36.1M50.9M
Depreciation And Amortization377.0M375.7M432.1M310.6M

Changchun Engley fundamental ratios Correlations

0.92-0.850.960.990.99-0.640.960.980.960.990.160.970.650.930.90.95-0.850.970.980.990.13-0.860.980.850.71
0.92-0.830.870.90.9-0.340.840.840.870.910.340.870.620.760.950.91-0.670.90.940.920.34-0.730.90.750.59
-0.85-0.83-0.74-0.87-0.840.45-0.84-0.75-0.82-0.850.0-0.76-0.57-0.82-0.83-0.780.71-0.79-0.81-0.84-0.050.86-0.87-0.76-0.61
0.960.87-0.740.940.95-0.670.890.960.910.950.260.940.60.890.810.93-0.850.950.970.950.23-0.840.930.80.7
0.990.9-0.870.940.99-0.660.970.960.970.980.10.960.640.950.880.93-0.860.970.960.990.11-0.850.990.830.7
0.990.9-0.840.950.99-0.640.980.980.950.990.130.950.660.950.890.93-0.870.950.970.980.07-0.850.970.850.75
-0.64-0.340.45-0.67-0.66-0.64-0.66-0.74-0.71-0.620.19-0.75-0.34-0.74-0.39-0.50.73-0.64-0.59-0.650.310.66-0.65-0.67-0.46
0.960.84-0.840.890.970.98-0.660.960.920.970.050.920.640.950.880.88-0.870.910.920.95-0.07-0.850.950.850.72
0.980.84-0.750.960.960.98-0.740.960.940.970.140.970.620.940.850.91-0.870.940.960.970.02-0.850.940.850.72
0.960.87-0.820.910.970.95-0.710.920.940.930.040.980.70.910.880.85-0.80.940.940.980.04-0.770.970.910.68
0.990.91-0.850.950.980.99-0.620.970.970.930.240.950.580.950.880.93-0.890.970.970.970.16-0.880.960.810.67
0.160.340.00.260.10.130.190.050.140.040.240.16-0.350.020.190.17-0.210.240.240.10.7-0.170.05-0.09-0.35
0.970.87-0.760.940.960.95-0.750.920.970.980.950.160.60.90.860.88-0.830.960.960.970.1-0.790.960.850.63
0.650.62-0.570.60.640.66-0.340.640.620.70.58-0.350.60.640.660.6-0.450.530.650.69-0.22-0.340.670.820.9
0.930.76-0.820.890.950.95-0.740.950.940.910.950.020.90.640.750.82-0.950.90.880.91-0.04-0.840.930.850.74
0.90.95-0.830.810.880.89-0.390.880.850.880.880.190.860.660.750.85-0.620.830.920.910.07-0.720.860.820.62
0.950.91-0.780.930.930.93-0.50.880.910.850.930.170.880.60.820.85-0.710.940.940.940.28-0.810.930.680.73
-0.85-0.670.71-0.85-0.86-0.870.73-0.87-0.87-0.8-0.89-0.21-0.83-0.45-0.95-0.62-0.71-0.83-0.8-0.8-0.030.82-0.82-0.75-0.58
0.970.9-0.790.950.970.95-0.640.910.940.940.970.240.960.530.90.830.94-0.830.950.960.3-0.820.970.740.6
0.980.94-0.810.970.960.97-0.590.920.960.940.970.240.960.650.880.920.94-0.80.950.980.17-0.840.940.850.7
0.990.92-0.840.950.990.98-0.650.950.970.980.970.10.970.690.910.910.94-0.80.960.980.11-0.830.980.860.73
0.130.34-0.050.230.110.070.31-0.070.020.040.160.70.1-0.22-0.040.070.28-0.030.30.170.11-0.050.14-0.24-0.21
-0.86-0.730.86-0.84-0.85-0.850.66-0.85-0.85-0.77-0.88-0.17-0.79-0.34-0.84-0.72-0.810.82-0.82-0.84-0.83-0.05-0.82-0.67-0.55
0.980.9-0.870.930.990.97-0.650.950.940.970.960.050.960.670.930.860.93-0.820.970.940.980.14-0.820.830.72
0.850.75-0.760.80.830.85-0.670.850.850.910.81-0.090.850.820.850.820.68-0.750.740.850.86-0.24-0.670.830.75
0.710.59-0.610.70.70.75-0.460.720.720.680.67-0.350.630.90.740.620.73-0.580.60.70.73-0.21-0.550.720.75
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Changchun Engley Account Relationship Matchups

Changchun Engley fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets6.4B7.0B7.1B7.9B8.4B7.3B
Short Long Term Debt Total1.1B1.1B862.5M1.2B1.4B1.1B
Other Current Liab262.0M298.7M245.5M338.2M1.2M1.1M
Total Current Liabilities2.4B2.6B2.5B3.0B2.7B2.7B
Total Stockholder Equity3.1B3.3B3.6B3.7B4.3B3.4B
Property Plant And Equipment Net2.2B2.3B2.5B2.8B2.9B2.5B
Net Debt433.2M(55.5M)(175.1M)53.1M47.8M45.4M
Retained Earnings1.1B1.2B1.4B1.4B1.5B1.3B
Accounts Payable1.4B1.8B1.8B2.2B2.0B1.7B
Cash679.7M1.2B1.0B1.1B1.7B990.7M
Non Current Assets Total3.3B3.4B3.4B3.7B3.7B3.5B
Non Currrent Assets Other642.5M610.3M223.8M393.2M175.3M319.7M
Cash And Short Term Investments679.7M1.2B1.0B1.1B1.3B867.9M
Common Stock Shares Outstanding1.4B1.4B1.5B1.5B1.6B1.5B
Liabilities And Stockholders Equity6.4B7.0B7.1B7.9B9.1B6.8B
Non Current Liabilities Total518.3M770.4M529.1M803.3M990.7M734.1M
Inventory1.1B981.7M1.2B1.4B1.3B1.2B
Other Current Assets74.9M60.5M68.2M50.7M80.7M76.7M
Other Stockholder Equity684.9M696.2M798.6M798.2M918.0M627.8M
Total Liab3.0B3.4B3.0B3.8B3.7B3.4B
Total Current Assets3.1B3.6B3.7B4.3B4.7B3.8B
Short Term Debt802.8M475.5M413.1M470.1M423.1M428.2M
Intangible Assets338.0M321.8M305.5M324.6M330.7M270.7M

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Other Information on Investing in Changchun Stock

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.