Quectel Short Long Term Debt vs Total Current Liabilities Analysis

603236 Stock   49.91  0.68  1.38%   
Quectel Wireless financial indicator trend analysis is much more than just breaking down Quectel Wireless Sol prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Quectel Wireless Sol is a good investment. Please check the relationship between Quectel Wireless Short Long Term Debt and its Total Current Liabilities accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Quectel Wireless Solutions. 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 vs Total Current Liabilities

Short Long Term Debt vs Total Current Liabilities Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Quectel Wireless Sol Short Long Term Debt account and Total Current Liabilities. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Quectel Wireless' Short Long Term Debt and Total Current Liabilities is 0.9. Overlapping area represents the amount of variation of Short Long Term Debt that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of Quectel Wireless Solutions, assuming nothing else is changed. The correlation between historical values of Quectel Wireless' Short Long Term Debt and Total Current Liabilities 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 of Quectel Wireless Solutions are associated (or correlated) with its Total Current Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Liabilities has no effect on the direction of Short Long Term Debt i.e., Quectel Wireless' Short Long Term Debt and Total Current Liabilities go up and down completely randomly.

Correlation Coefficient

0.9
Relationship DirectionPositive 
Relationship StrengthVery Strong

Short Long Term Debt

The total of a company's short-term and long-term borrowings.

Total Current Liabilities

Total Current Liabilities is an item on Quectel Wireless balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Quectel Wireless Solutions 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.
Most indicators from Quectel Wireless' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Quectel Wireless Sol 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 Quectel Wireless Solutions. 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 Tax Provision is expected to grow to about (7.2 M). In addition to that, Selling General Administrative is expected to decline to about 354.9 M
 2021 2022 2023 2024 (projected)
Gross Profit2.0B2.8B2.6B1.4B
Total Revenue11.3B14.2B13.9B7.5B

Quectel Wireless fundamental ratios Correlations

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Quectel Wireless Account Relationship Matchups

Quectel Wireless fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets2.9B4.6B8.1B10.3B11.2B11.8B
Other Current Liab32.6M111.0M397.6M377.4M199.8M162.3M
Total Current Liabilities1.2B2.6B4.6B5.5B5.6B2.9B
Total Stockholder Equity1.7B1.9B3.2B3.7B3.6B2.1B
Net Tangible Assets1.7B1.8B3.1B3.3B3.8B4.0B
Retained Earnings452.9M597.3M898.3M1.4B1.2B688.4M
Accounts Payable850.8M1.5B2.3B2.7B4.1B4.3B
Cash601.2M610.6M1.1B2.2B1.9B942.2M
Non Current Assets Total374.0M889.8M1.5B2.0B2.7B2.8B
Other Assets79.3M100.0M140.5M126.4M145.4M75.9M
Net Receivables874.1M871.5M1.6B2.1B1.7B1.1B
Inventory724.3M1.4B2.7B3.0B3.5B3.7B
Other Current Assets57.3M144.0M505.9M139.7M417.2M438.1M
Other Stockholder Equity21.3K79.1K(31.5M)(55.2M)(49.7M)(47.2M)
Total Liab1.2B2.7B4.9B6.6B7.6B8.0B
Deferred Long Term Liab44.7M68.4M67.9M72.4M83.3M44.3M
Short Long Term Debt236.5M873.0M1.7B2.0B719.6M884.6M
Total Current Assets2.6B3.7B6.6B8.3B8.5B4.4B
Intangible Assets53.8M93.9M118.3M377.6M395.6M415.3M
Common Stock89.2M107.0M145.4M189.0M217.3M112.2M
Property Plant Equipment180.9M595.4M1.2B1.4B1.6B1.7B
Non Currrent Assets Other29.0M15.6M59.6M33.2M24.5M26.8M
Net Invested Capital2.0B2.8B5.1B6.7B5.8B3.7B
Net Working Capital1.3B1.1B2.0B2.8B3.0B1.7B
Capital Stock89.2M107.0M145.4M189.0M264.6M158.0M

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Other Information on Investing in Quectel Stock

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