Cathay Cash vs Common Stock Analysis

CATY Stock

USD 53.85 1.04 1.97%

Cathay General financial indicator trend analysis is way more than just evaluating Cathay General Bancorp prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Cathay General Bancorp is a good investment. Please check the relationship between Cathay General Cash and its Common Stock accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cathay General Bancorp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

Cash vs Common Stock

Cash vs Common Stock Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Cathay General Bancorp Cash account and Common Stock. At this time, the significance of the direction appears to have weak relationship.

The correlation between Cathay General's Cash and Common Stock is 0.37. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Common Stock in the same time period over historical financial statements of Cathay General Bancorp, assuming nothing else is changed. The correlation between historical values of Cathay General's Cash and Common Stock is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash of Cathay General Bancorp are associated (or correlated) with its Common Stock. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock has no effect on the direction of Cash i.e., Cathay General's Cash and Common Stock go up and down completely randomly.

Correlation Coefficient

0.37

Relationship Direction	Positive
Relationship Strength	Very Weak

View All Relationships

Cash

Cash refers to the most liquid asset of Cathay General Bancorp, which is listed under current asset account on Cathay General Bancorp balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Cathay General customers. The amounts must be unrestricted with restricted cash listed in a different Cathay General account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.

Common Stock

Most indicators from Cathay General's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Cathay General Bancorp 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 Cathay General Bancorp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

At this time, Cathay General's Selling General Administrative is fairly stable compared to the past year. Tax Provision is likely to rise to about 82.9 M in 2024, whereas Issuance Of Capital Stock is likely to drop slightly above 3.6 M in 2024.

	2021	2022	2023	2024 (projected)
Operating Income	381.8M	590.1M	537.1M	563.9M
Other Operating Expenses	270.5M	6.9M	810.0M	850.5M

Operating Income Other Operating Expenses

Cathay General fundamental ratios Correlations

	Common Stock Shares Outstanding	Total Assets	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Net Receivables	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Long Term Debt Total	Non Current Liabilities Total	Other Current Assets	Common Stock Total Equity	Common Stock	Other Liab	Accounts Payable	Long Term Debt	Good Will	Short Term Investments
Common Stock Shares Outstanding		0.43	0.54	0.86	0.37	0.25	0.42	-0.16	0.14	0.35	0.63	0.12	0.86	0.21	0.19	0.55	0.56	-0.09	0.44	0.92	0.96	0.13	0.27	0.11	0.88	0.5
Total Assets	0.43		0.99	0.67	0.44	0.98	0.08	0.6	-0.44	0.05	0.39	0.93	0.06	0.54	0.83	-0.23	0.46	0.59	-0.3	0.68	0.66	0.9	0.98	0.13	0.77	-0.07
Total Stockholder Equity	0.54	0.99		0.73	0.46	0.94	0.12	0.58	-0.39	0.08	0.4	0.88	0.2	0.53	0.83	-0.16	0.5	0.53	-0.23	0.76	0.75	0.85	0.95	0.14	0.84	-0.05
Property Plant And Equipment Net	0.86	0.67	0.73		0.46	0.53	0.21	0.01	0.02	0.46	0.65	0.41	0.56	0.21	0.39	0.09	0.51	0.04	-0.02	0.92	0.93	0.37	0.54	0.15	0.9	0.43
Net Debt	0.37	0.44	0.46	0.46		0.44	-0.18	0.23	-0.46	-0.15	0.2	0.39	0.19	0.64	0.4	-0.02	0.8	0.27	-0.1	0.48	0.45	0.47	0.4	-0.15	0.48	-0.01
Retained Earnings	0.25	0.98	0.94	0.53	0.44		-0.04	0.69	-0.54	-0.05	0.28	0.97	-0.13	0.54	0.86	-0.38	0.39	0.67	-0.42	0.54	0.51	0.94	1.0	0.09	0.64	-0.19
Cash	0.42	0.08	0.12	0.21	-0.18	-0.04		-0.11	0.46	-0.03	-0.08	0.01	0.46	0.26	-0.01	0.53	0.37	0.18	0.56	0.35	0.37	0.08	0.0	0.46	0.35	-0.04
Non Current Assets Total	-0.16	0.6	0.58	0.01	0.23	0.69	-0.11		-0.51	-0.46	-0.35	0.79	-0.34	0.56	0.92	-0.46	0.17	0.7	-0.43	0.15	0.07	0.72	0.68	0.25	0.24	-0.78
Non Currrent Assets Other	0.14	-0.44	-0.39	0.02	-0.46	-0.54	0.46	-0.51		0.37	-0.19	-0.49	0.29	-0.4	-0.48	0.21	-0.24	-0.51	0.26	-0.07	-0.03	-0.61	-0.52	0.6	-0.16	0.18
Other Assets	0.35	0.05	0.08	0.46	-0.15	-0.05	-0.03	-0.46	0.37		0.49	-0.13	0.26	-0.23	-0.23	0.02	-0.11	-0.42	-0.07	0.25	0.31	-0.18	-0.04	0.13	0.24	0.61
Cash And Short Term Investments	0.63	0.39	0.4	0.65	0.2	0.28	-0.08	-0.35	-0.19	0.49		0.05	0.45	-0.16	-0.05	0.26	0.17	-0.19	0.13	0.56	0.62	0.11	0.29	-0.43	0.55	0.86
Net Receivables	0.12	0.93	0.88	0.41	0.39	0.97	0.01	0.79	-0.49	-0.13	0.05		-0.24	0.63	0.89	-0.44	0.37	0.75	-0.46	0.44	0.4	0.96	0.96	0.25	0.55	-0.39
Other Stockholder Equity	0.86	0.06	0.2	0.56	0.19	-0.13	0.46	-0.34	0.29	0.26	0.45	-0.24		0.04	-0.06	0.74	0.44	-0.35	0.66	0.64	0.71	-0.19	-0.1	-0.04	0.59	0.47
Total Liab	0.21	0.54	0.53	0.21	0.64	0.54	0.26	0.56	-0.4	-0.23	-0.16	0.63	0.04		0.63	0.05	0.77	0.71	0.03	0.39	0.36	0.71	0.52	0.26	0.47	-0.45
Property Plant And Equipment Gross	0.19	0.83	0.83	0.39	0.4	0.86	-0.01	0.92	-0.48	-0.23	-0.05	0.89	-0.06	0.63		-0.37	0.38	0.67	-0.39	0.48	0.43	0.83	0.85	0.26	0.57	-0.53
Total Current Assets	0.55	-0.23	-0.16	0.09	-0.02	-0.38	0.53	-0.46	0.21	0.02	0.26	-0.44	0.74	0.05	-0.37		0.33	-0.3	0.99	0.31	0.37	-0.3	-0.34	-0.12	0.28	0.38
Short Long Term Debt Total	0.56	0.46	0.5	0.51	0.8	0.39	0.37	0.17	-0.24	-0.11	0.17	0.37	0.44	0.77	0.38	0.33		0.34	0.26	0.62	0.61	0.51	0.39	0.06	0.64	-0.02
Non Current Liabilities Total	-0.09	0.59	0.53	0.04	0.27	0.67	0.18	0.7	-0.51	-0.42	-0.19	0.75	-0.35	0.71	0.67	-0.3	0.34		-0.29	0.19	0.14	0.77	0.64	0.24	0.26	-0.55
Other Current Assets	0.44	-0.3	-0.23	-0.02	-0.1	-0.42	0.56	-0.43	0.26	-0.07	0.13	-0.46	0.66	0.03	-0.39	0.99	0.26	-0.29		0.21	0.26	-0.33	-0.39	-0.07	0.18	0.28
Common Stock Total Equity	0.92	0.68	0.76	0.92	0.48	0.54	0.35	0.15	-0.07	0.25	0.56	0.44	0.64	0.39	0.48	0.31	0.62	0.19	0.21		0.99	0.44	0.56	0.2	0.98	0.28
Common Stock	0.96	0.66	0.75	0.93	0.45	0.51	0.37	0.07	-0.03	0.31	0.62	0.4	0.71	0.36	0.43	0.37	0.61	0.14	0.26	0.99		0.4	0.53	0.17	0.97	0.37
Other Liab	0.13	0.9	0.85	0.37	0.47	0.94	0.08	0.72	-0.61	-0.18	0.11	0.96	-0.19	0.71	0.83	-0.3	0.51	0.77	-0.33	0.44	0.4		0.94	0.08	0.56	-0.34
Accounts Payable	0.27	0.98	0.95	0.54	0.4	1.0	0.0	0.68	-0.52	-0.04	0.29	0.96	-0.1	0.52	0.85	-0.34	0.39	0.64	-0.39	0.56	0.53	0.94		0.1	0.66	-0.18
Long Term Debt	0.11	0.13	0.14	0.15	-0.15	0.09	0.46	0.25	0.6	0.13	-0.43	0.25	-0.04	0.26	0.26	-0.12	0.06	0.24	-0.07	0.2	0.17	0.08	0.1		0.16	-0.39
Good Will	0.88	0.77	0.84	0.9	0.48	0.64	0.35	0.24	-0.16	0.24	0.55	0.55	0.59	0.47	0.57	0.28	0.64	0.26	0.18	0.98	0.97	0.56	0.66	0.16		0.22
Short Term Investments	0.5	-0.07	-0.05	0.43	-0.01	-0.19	-0.04	-0.78	0.18	0.61	0.86	-0.39	0.47	-0.45	-0.53	0.38	-0.02	-0.55	0.28	0.28	0.37	-0.34	-0.18	-0.39	0.22

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Cathay General Account Relationship Matchups

Cathay General fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Common Stock Shares Outstanding	80.2M	79.8M	78.6M	74.7M	72.9M	59.9M
Total Assets	18.1B	19.0B	20.9B	22.0B	23.1B	24.2B
Total Stockholder Equity	2.3B	2.4B	2.4B	2.5B	2.7B	2.9B
Property Plant And Equipment Net	138.2M	133.9M	127.2M	124.4M	123.2M	77.4M
Net Debt	700.0M	187.7M	58.8M	463.8M	535.7M	302.4M
Retained Earnings	1.7B	1.8B	2.0B	2.2B	2.5B	2.6B
Cash	179.7M	138.6M	134.1M	195.4M	174.0M	164.1M
Non Current Assets Total	2.7B	3.2B	4.3B	2.3B	24.9B	26.1B
Non Currrent Assets Other	(79.8M)	(91.6M)	(79.7M)	(1.1B)	(3.1B)	(3.0B)
Other Assets	13.3B	13.4B	13.0B	16.9B	(2.7B)	(2.6B)
Cash And Short Term Investments	2.0B	2.5B	3.6B	2.6B	828.8M	930.5M
Net Receivables	53.5M	59.0M	57.0M	82.4M	97.7M	102.6M
Liabilities And Stockholders Equity	18.1B	19.0B	20.9B	22.0B	23.1B	24.2B
Other Stockholder Equity	631.9M	622.6M	463.2M	330.6M	320.7M	389.3M
Total Liab	15.8B	326.3M	193.0M	19.5B	20.3B	21.4B
Property Plant And Equipment Gross	138.2M	133.9M	127.2M	124.4M	243.8M	256.0M
Total Current Assets	2.1B	2.5B	3.6B	2.7B	926.5M	880.2M
Accumulated Other Comprehensive Income	2.3M	5.3M	(3.1M)	(102.3M)	(85.4M)	(81.1M)
Short Long Term Debt Total	879.7M	326.3M	193.0M	659.3M	709.7M	539.4M
Non Current Liabilities Total	854.0M	326.3M	193.0M	19.5B	20.3B	21.4B
Other Current Assets	677.9M	1.5B	2.6B	1.3B	965.9M	917.6M
Common Stock Total Equity	898K	900K	906K	909K	1.0M	690.7K
Common Stock	900K	906K	909K	911K	914K	715.7K
Other Liab	215.7M	175.5M	180.5M	306.1M	352.0M	369.6M
Accounts Payable	14.7B	16.1B	18.1B	18.5B	21.3B	22.3B
Short Term Investments	1.9B	2.3B	3.4B	2.4B	(1.6B)	(1.5B)
Inventory	(677.9M)	(1.5B)	(2.6B)	(1.3B)	76.3M	80.1M
Intangible Assets	6.3M	5.4M	4.6M	5.8M	4.5M	4.2M
Property Plant Equipment	104.2M	103.0M	127.2M	124.4M	143.1M	93.3M
Treasury Stock	(282.2M)	(318.5M)	(342.1M)	(509.2M)	(458.3M)	(435.4M)
Total Current Liabilities	25.7M	8.8B	11.6B	17.4B	18.3B	19.2B
Short Term Debt	25.7M	139.4M	9.4M	10.8M	10.8M	10.3M
Retained Earnings Total Equity	1.5B	1.7B	1.8B	2.0B	2.3B	1.3B
Other Current Liab	(25.7M)	8.7B	11.6B	17.4B	18.3B	10.8B
Net Tangible Assets	1.9B	2.0B	2.1B	2.1B	2.4B	1.8B
Capital Surpluse	942.1M	950.5M	964.7M	972.5M	1.1B	977.0M

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Cathay Cash vs Common Stock Analysis

Cash vs Common Stock

Cash vs Common Stock Correlation Analysis

Correlation Coefficient

Cash

Common Stock

Cathay General fundamental ratios Correlations

Cathay General Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Cathay General fundamental ratios Accounts

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Accounts Payable	+ 1.0	Retained Earnings
Total Stockholder Equity	+ 0.99	Total Assets
Other Current Assets	+ 0.99	Total Current Assets
Common Stock	+ 0.99	Common Stock Total Equity
Retained Earnings	+ 0.98	Total Assets
Accounts Payable	+ 0.98	Total Assets

Short Term Investments	- 0.78	Non Current Assets Total
Other Liab	- 0.61	Non Currrent Assets Other
Short Term Investments	- 0.55	Non Current Liabilities Total
Non Currrent Assets Other	- 0.54	Retained Earnings
Short Term Investments	- 0.53	Property Plant And Equipment Gross
Accounts Payable	- 0.52	Non Currrent Assets Other