Changchun Total Assets vs Short Term Debt 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 Total Assets and its Short Term Debt 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.

Total Assets vs Short Term Debt

Total Assets vs Short Term Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Changchun Engley Aut Total Assets account and Short Term Debt. At this time, the significance of the direction appears to have almost no relationship.
The correlation between Changchun Engley's Total Assets and Short Term Debt is 0.13. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Short Term Debt 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 Total Assets and Short Term Debt 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 Changchun Engley Automobile are associated (or correlated) with its Short Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Term Debt has no effect on the direction of Total Assets i.e., Changchun Engley's Total Assets and Short Term Debt go up and down completely randomly.

Correlation Coefficient

0.13
Relationship DirectionPositive 
Relationship StrengthInsignificant

Total Assets

Total assets refers to the total amount of Changchun Engley 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 Changchun Engley Aut 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.

Short Term Debt

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

Changchun Engley fundamental ratios Correlations

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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

Currently Active Assets on Macroaxis

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.