Cheche Good Will vs Total Current Liabilities Analysis

CCGWW Stock   0.02  0  10.59%   
Cheche Group financial indicator trend analysis is way more than just evaluating Cheche Group Warrant prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Cheche Group Warrant is a good investment. Please check the relationship between Cheche Group Good Will and its Total Current Liabilities accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cheche Group Warrant. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in housing.

Good Will vs Total Current Liabilities

Good Will vs Total Current Liabilities Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Cheche Group Warrant Good Will account and Total Current Liabilities. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Cheche Group's Good Will and Total Current Liabilities is -0.56. Overlapping area represents the amount of variation of Good Will that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of Cheche Group Warrant, assuming nothing else is changed. The correlation between historical values of Cheche Group's Good Will 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 Good Will of Cheche Group Warrant 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 Good Will i.e., Cheche Group's Good Will and Total Current Liabilities go up and down completely randomly.

Correlation Coefficient

-0.56
Relationship DirectionNegative 
Relationship StrengthVery Weak

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.

Total Current Liabilities

Total Current Liabilities is an item on Cheche Group balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Cheche Group Warrant 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 Cheche Group's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Cheche Group Warrant 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 Cheche Group Warrant. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in housing.
At this time, Cheche Group's Selling General Administrative is fairly stable compared to the past year. Issuance Of Capital Stock is likely to climb to about 211 M in 2024, whereas Tax Provision is likely to drop (381.1 K) in 2024.
 2015 2022 2023 2024 (projected)
Interest Expense6.5M3.3M1.4M1.4M
Depreciation And Amortization14.8M11.4M11.6M13.9M

Cheche Group fundamental ratios Correlations

0.540.30.060.220.240.230.560.220.13-0.110.540.230.220.190.240.22-0.210.170.140.13-0.230.19-0.07-0.1-0.1
0.54-0.560.610.92-0.56-0.620.07-0.63-0.67-0.840.190.09-0.49-0.70.92-0.540.570.880.87-0.380.370.030.250.20.2
0.3-0.56-0.43-0.720.970.780.470.760.960.70.190.380.570.93-0.790.61-0.95-0.82-0.840.3-0.550.2-0.61-0.56-0.56
0.060.61-0.430.76-0.33-0.75-0.13-0.78-0.49-0.85-0.40.64-0.95-0.690.71-0.780.290.740.75-0.960.640.47-0.33-0.39-0.39
0.220.92-0.720.76-0.66-0.88-0.12-0.88-0.77-0.95-0.030.14-0.71-0.890.97-0.810.650.960.96-0.580.54-0.070.160.150.15
0.24-0.560.97-0.33-0.660.660.440.640.980.650.10.50.470.87-0.770.46-0.99-0.78-0.80.18-0.580.18-0.74-0.67-0.67
0.23-0.620.78-0.75-0.880.660.321.00.720.850.3-0.150.830.93-0.810.97-0.64-0.84-0.850.68-0.640.18-0.05-0.09-0.09
0.560.070.47-0.13-0.120.440.320.310.380.250.690.210.270.37-0.190.29-0.43-0.23-0.250.15-0.320.17-0.29-0.08-0.08
0.22-0.630.76-0.78-0.880.641.00.310.710.860.31-0.190.850.93-0.810.97-0.61-0.84-0.850.72-0.650.14-0.01-0.05-0.05
0.13-0.670.96-0.49-0.770.980.720.380.710.770.110.350.590.92-0.860.54-0.97-0.87-0.880.32-0.640.06-0.64-0.56-0.56
-0.11-0.840.7-0.85-0.950.650.850.250.860.770.14-0.240.810.88-0.920.81-0.64-0.92-0.930.71-0.66-0.11-0.110.020.02
0.540.190.19-0.4-0.030.10.30.690.310.110.14-0.320.530.23-0.040.33-0.03-0.11-0.130.5-0.29-0.30.280.270.27
0.230.090.380.640.140.5-0.150.21-0.190.35-0.24-0.32-0.490.080.01-0.33-0.540.040.03-0.730.080.59-0.91-0.91-0.91
0.22-0.490.57-0.95-0.710.470.830.270.850.590.810.53-0.490.78-0.670.83-0.42-0.72-0.740.95-0.72-0.380.230.250.25
0.19-0.70.93-0.69-0.890.870.930.370.930.920.880.230.080.78-0.90.82-0.86-0.93-0.940.57-0.70.1-0.35-0.32-0.32
0.240.92-0.790.710.97-0.77-0.81-0.19-0.81-0.86-0.92-0.040.01-0.67-0.9-0.70.761.00.99-0.50.6-0.010.330.270.27
0.22-0.540.61-0.78-0.810.460.970.290.970.540.810.33-0.330.830.82-0.7-0.44-0.73-0.750.75-0.590.160.170.130.13
-0.210.57-0.950.290.65-0.99-0.64-0.43-0.61-0.97-0.64-0.03-0.54-0.42-0.860.76-0.440.770.78-0.130.61-0.240.780.680.68
0.170.88-0.820.740.96-0.78-0.84-0.23-0.84-0.87-0.92-0.110.04-0.72-0.931.0-0.730.771.0-0.550.620.010.310.250.25
0.140.87-0.840.750.96-0.8-0.85-0.25-0.85-0.88-0.93-0.130.03-0.74-0.940.99-0.750.781.0-0.560.640.010.310.250.25
0.13-0.380.3-0.96-0.580.180.680.150.720.320.710.5-0.730.950.57-0.50.75-0.13-0.55-0.56-0.6-0.510.50.540.54
-0.230.37-0.550.640.54-0.58-0.64-0.32-0.65-0.64-0.66-0.290.08-0.72-0.70.6-0.590.610.620.64-0.60.140.150.070.07
0.190.030.20.47-0.070.180.180.170.140.06-0.11-0.30.59-0.380.1-0.010.16-0.240.010.01-0.510.14-0.38-0.48-0.48
-0.070.25-0.61-0.330.16-0.74-0.05-0.29-0.01-0.64-0.110.28-0.910.23-0.350.330.170.780.310.310.50.15-0.380.890.89
-0.10.2-0.56-0.390.15-0.67-0.09-0.08-0.05-0.560.020.27-0.910.25-0.320.270.130.680.250.250.540.07-0.480.891.0
-0.10.2-0.56-0.390.15-0.67-0.09-0.08-0.05-0.560.020.27-0.910.25-0.320.270.130.680.250.250.540.07-0.480.891.0
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Cheche Group Account Relationship Matchups

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