China Total Current Liabilities vs Other Current Assets Analysis

601698 Stock

23.17 1.15 5.22%

China Satellite financial indicator trend analysis is way more than just evaluating China Satellite Comm prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether China Satellite Comm is a good investment. Please check the relationship between China Satellite Total Current Liabilities and its Other Current Assets accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in China Satellite Communications. 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 Liabilities vs Other Current Assets

Total Current Liabilities vs Other Current Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of China Satellite Comm Total Current Liabilities account and Other Current Assets. At this time, the significance of the direction appears to have strong contrarian relationship.

The correlation between China Satellite's Total Current Liabilities and Other Current Assets is -0.51. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Other Current Assets in the same time period over historical financial statements of China Satellite Communications, assuming nothing else is changed. The correlation between historical values of China Satellite's Total Current Liabilities and Other Current Assets 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 Liabilities of China Satellite Communications are associated (or correlated) with its Other Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Assets has no effect on the direction of Total Current Liabilities i.e., China Satellite's Total Current Liabilities and Other Current Assets go up and down completely randomly.

Correlation Coefficient

-0.51

Relationship Direction	Negative
Relationship Strength	Very Weak

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Total Current Liabilities

Total Current Liabilities is an item on China Satellite balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of China Satellite Communications are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.

Other Current Assets

Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.

Most indicators from China Satellite's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into China Satellite Comm 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 China Satellite Communications. 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 102.8 M, whereas Tax Provision is forecasted to decline to about 68.6 M.

	2021	2022	2023	2024 (projected)
Interest Income	55.6M	92.6M	162.2M	170.3M
Net Interest Income	48.4M	85.0M	154.0M	161.7M

Interest Income Net Interest Income

China Satellite fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Long Term Debt	Net Receivables	Short Term Investments	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Deferred Long Term Liab	Long Term Investments	Short Long Term Debt	Total Current Assets	Non Current Liabilities Other	Short Term Debt
Total Assets		-0.84	-0.83	0.99	0.84	0.91	0.8	-0.43	0.97	0.09	-0.86	-0.53	-0.72	0.81	-0.76	-0.11	0.8	0.72	-0.84	-0.72	0.92	0.74	-0.55	0.93	-0.77	0.72
Other Current Liab	-0.84		0.75	-0.8	-0.81	-0.77	-0.57	0.3	-0.78	-0.25	0.76	0.55	0.66	-0.6	0.65	0.32	-0.66	-0.32	0.71	0.72	-0.83	-0.63	0.41	-0.71	0.67	-0.56
Total Current Liabilities	-0.83	0.75		-0.86	-0.91	-0.89	-0.49	0.82	-0.87	0.35	0.82	0.62	0.84	-0.91	0.93	0.46	-0.9	-0.51	0.81	0.97	-0.82	-0.88	0.55	-0.92	0.89	-0.84
Total Stockholder Equity	0.99	-0.8	-0.86		0.87	0.95	0.8	-0.49	0.99	-0.02	-0.86	-0.55	-0.76	0.83	-0.79	-0.14	0.82	0.71	-0.84	-0.76	0.9	0.79	-0.57	0.97	-0.81	0.78
Other Liab	0.84	-0.81	-0.91	0.87		0.94	0.55	-0.63	0.9	-0.26	-0.9	-0.72	-0.86	0.84	-0.91	-0.36	0.82	0.4	-0.85	-0.87	0.85	0.94	-0.36	0.91	-0.88	0.91
Net Tangible Assets	0.91	-0.77	-0.89	0.95	0.94		0.74	-0.6	0.98	-0.26	-0.86	-0.63	-0.82	0.8	-0.84	-0.28	0.79	0.48	-0.83	-0.83	0.89	0.87	-0.6	0.98	-0.87	0.87
Retained Earnings	0.8	-0.57	-0.49	0.8	0.55	0.74		-0.09	0.77	0.13	-0.67	-0.42	-0.56	0.45	-0.32	-0.06	0.33	0.58	-0.54	-0.43	0.75	0.36	-0.65	0.73	-0.6	0.44
Accounts Payable	-0.43	0.3	0.82	-0.49	-0.63	-0.6	-0.09		-0.54	0.71	0.53	0.44	0.61	-0.81	0.84	0.47	-0.72	-0.31	0.63	0.82	-0.51	-0.72	0.43	-0.67	0.69	-0.68
Cash	0.97	-0.78	-0.87	0.99	0.9	0.98	0.77	-0.54		-0.12	-0.87	-0.57	-0.78	0.83	-0.83	-0.16	0.83	0.63	-0.85	-0.77	0.89	0.85	-0.56	0.98	-0.83	0.84
Non Current Assets Total	0.09	-0.25	0.35	-0.02	-0.26	-0.26	0.13	0.71	-0.12		0.11	0.25	0.31	-0.31	0.41	0.38	-0.21	0.16	0.15	0.4	-0.02	-0.42	0.21	-0.28	0.37	-0.47
Non Currrent Assets Other	-0.86	0.76	0.82	-0.86	-0.9	-0.86	-0.67	0.53	-0.87	0.11		0.87	0.92	-0.84	0.79	0.42	-0.67	-0.55	0.81	0.8	-0.89	-0.82	0.3	-0.87	0.92	-0.84
Other Assets	-0.53	0.55	0.62	-0.55	-0.72	-0.63	-0.42	0.44	-0.57	0.25	0.87		0.93	-0.59	0.58	0.71	-0.39	-0.2	0.48	0.72	-0.6	-0.67	0.05	-0.61	0.88	-0.75
Long Term Debt	-0.72	0.66	0.84	-0.76	-0.86	-0.82	-0.56	0.61	-0.78	0.31	0.92	0.93		-0.77	0.74	0.67	-0.64	-0.41	0.61	0.89	-0.72	-0.81	0.29	-0.82	0.99	-0.88
Net Receivables	0.81	-0.6	-0.91	0.83	0.84	0.8	0.45	-0.81	0.83	-0.31	-0.84	-0.59	-0.77		-0.93	-0.27	0.88	0.71	-0.88	-0.84	0.81	0.85	-0.39	0.89	-0.82	0.82
Short Term Investments	-0.76	0.65	0.93	-0.79	-0.91	-0.84	-0.32	0.84	-0.83	0.41	0.79	0.58	0.74	-0.93		0.29	-0.91	-0.46	0.88	0.86	-0.77	-0.95	0.35	-0.87	0.8	-0.88
Non Current Liabilities Total	-0.11	0.32	0.46	-0.14	-0.36	-0.28	-0.06	0.47	-0.16	0.38	0.42	0.71	0.67	-0.27	0.29		-0.15	0.19	0.04	0.67	-0.22	-0.29	0.18	-0.25	0.63	-0.37
Inventory	0.8	-0.66	-0.9	0.82	0.82	0.79	0.33	-0.72	0.83	-0.21	-0.67	-0.39	-0.64	0.88	-0.91	-0.15		0.61	-0.76	-0.8	0.66	0.88	-0.35	0.84	-0.71	0.8
Other Current Assets	0.72	-0.32	-0.51	0.71	0.4	0.48	0.58	-0.31	0.63	0.16	-0.55	-0.2	-0.41	0.71	-0.46	0.19	0.61		-0.55	-0.37	0.55	0.41	-0.3	0.63	-0.45	0.42
Other Stockholder Equity	-0.84	0.71	0.81	-0.84	-0.85	-0.83	-0.54	0.63	-0.85	0.15	0.81	0.48	0.61	-0.88	0.88	0.04	-0.76	-0.55		0.69	-0.93	-0.79	0.44	-0.86	0.67	-0.7
Total Liab	-0.72	0.72	0.97	-0.76	-0.87	-0.83	-0.43	0.82	-0.77	0.4	0.8	0.72	0.89	-0.84	0.86	0.67	-0.8	-0.37	0.69		-0.75	-0.82	0.51	-0.84	0.93	-0.81
Deferred Long Term Liab	0.92	-0.83	-0.82	0.9	0.85	0.89	0.75	-0.51	0.89	-0.02	-0.89	-0.6	-0.72	0.81	-0.77	-0.22	0.66	0.55	-0.93	-0.75		0.7	-0.59	0.89	-0.77	0.66
Long Term Investments	0.74	-0.63	-0.88	0.79	0.94	0.87	0.36	-0.72	0.85	-0.42	-0.82	-0.67	-0.81	0.85	-0.95	-0.29	0.88	0.41	-0.79	-0.82	0.7		-0.22	0.87	-0.84	0.97
Short Long Term Debt	-0.55	0.41	0.55	-0.57	-0.36	-0.6	-0.65	0.43	-0.56	0.21	0.3	0.05	0.29	-0.39	0.35	0.18	-0.35	-0.3	0.44	0.51	-0.59	-0.22		-0.6	0.41	-0.22
Total Current Assets	0.93	-0.71	-0.92	0.97	0.91	0.98	0.73	-0.67	0.98	-0.28	-0.87	-0.61	-0.82	0.89	-0.87	-0.25	0.84	0.63	-0.86	-0.84	0.89	0.87	-0.6		-0.88	0.87
Non Current Liabilities Other	-0.77	0.67	0.89	-0.81	-0.88	-0.87	-0.6	0.69	-0.83	0.37	0.92	0.88	0.99	-0.82	0.8	0.63	-0.71	-0.45	0.67	0.93	-0.77	-0.84	0.41	-0.88		-0.9
Short Term Debt	0.72	-0.56	-0.84	0.78	0.91	0.87	0.44	-0.68	0.84	-0.47	-0.84	-0.75	-0.88	0.82	-0.88	-0.37	0.8	0.42	-0.7	-0.81	0.66	0.97	-0.22	0.87	-0.9

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China Satellite Account Relationship Matchups

China Satellite fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	18.2B	18.3B	19.1B	22.4B	22.7B	20.8B
Other Current Liab	1.6B	1.5B	1.7B	1.3B	1.3M	1.2M
Total Current Liabilities	1.9B	1.8B	2.2B	1.8B	1.9B	1.7B
Total Stockholder Equity	11.3B	11.6B	12.0B	15.1B	15.3B	12.9B
Other Liab	996.7M	969.6M	1.1B	1.0B	1.2B	1.1B
Net Tangible Assets	8.3B	9.9B	10.2B	10.7B	12.3B	10.1B
Retained Earnings	1.3B	1.7B	2.1B	2.7B	2.8B	1.8B
Accounts Payable	204.5M	180.9M	270.0M	360.0M	611.9M	325.5M
Cash	4.1B	4.0B	4.9B	6.3B	7.2B	4.6B
Non Current Assets Total	12.6B	12.2B	12.5B	14.3B	14.7B	14.9B
Non Currrent Assets Other	510.6M	352.8M	119.5M	95.1M	93.7M	89.0M
Other Assets	973.6M	954.8M	767.1M	1.0B	922.3M	815.6M
Net Receivables	381.5M	413.8M	405.8M	470.3M	383.3M	425.5M
Short Term Investments	8.1M	3.8M	2.0M	1.6M	1.5M	1.4M
Non Current Liabilities Total	969.6M	1.1B	1.2B	1.4B	1.3B	988.8M
Inventory	14.2M	12.1M	8.3M	16.5M	14.7M	12.8M
Other Current Assets	73.8M	121.5M	122.5M	1.2B	223.7M	271.8M
Other Stockholder Equity	129.4M	164.9M	48.8M	3.9M	3.5M	3.3M
Total Liab	2.8B	2.9B	3.3B	3.2B	3.2B	2.7B
Deferred Long Term Liab	72.8M	76.9M	190.9M	266.3M	306.3M	321.6M
Total Current Assets	5.5B	6.1B	6.6B	8.1B	8.0B	5.8B
Intangible Assets	1.5B	1.5B	1.6B	1.6B	1.5B	1.6B
Property Plant Equipment	11.2B	9.6B	9.2B	9.6B	8.6B	8.2B
Net Invested Capital	11.3B	11.6B	12.0B	15.1B	15.3B	13.4B
Net Working Capital	3.7B	4.3B	4.4B	6.2B	6.1B	4.0B

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

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China Total Current Liabilities vs Other Current Assets Analysis

Total Current Liabilities vs Other Current Assets

Total Current Liabilities vs Other Current Assets Correlation Analysis

Correlation Coefficient

Total Current Liabilities

Other Current Assets

China Satellite fundamental ratios Correlations

China Satellite Account Relationship Matchups

High Positive Relationship

High Negative Relationship

China Satellite fundamental ratios Accounts

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COMMON DESTINATIONS

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COMPANY

Total Stockholder Equity	+ 0.99	Total Assets
Cash	+ 0.99	Total Stockholder Equity
Non Current Liabilities Other	+ 0.99	Long Term Debt
Cash	+ 0.98	Net Tangible Assets
Total Current Assets	+ 0.98	Net Tangible Assets
Total Current Assets	+ 0.98	Cash

Long Term Investments	- 0.95	Short Term Investments
Deferred Long Term Liab	- 0.93	Other Stockholder Equity
Short Term Investments	- 0.93	Net Receivables
Total Current Assets	- 0.92	Total Current Liabilities
Inventory	- 0.91	Short Term Investments
Short Term Investments	- 0.91	Other Liab