China Total Current Liabilities vs Other Stockholder Equity Analysis

000927 Stock   2.88  0.06  2.04%   
China Railway financial indicator trend analysis is way more than just evaluating China Railway Materials prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether China Railway Materials is a good investment. Please check the relationship between China Railway Total Current Liabilities and its Other Stockholder Equity accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in China Railway Materials. 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 Stockholder Equity

Total Current Liabilities vs Other Stockholder Equity Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of China Railway Materials Total Current Liabilities account and Other Stockholder Equity. At this time, the significance of the direction appears to have pay attention.
The correlation between China Railway's Total Current Liabilities and Other Stockholder Equity is -0.74. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Other Stockholder Equity in the same time period over historical financial statements of China Railway Materials, assuming nothing else is changed. The correlation between historical values of China Railway's Total Current Liabilities and Other Stockholder Equity 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 Railway Materials are associated (or correlated) with its Other Stockholder Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Stockholder Equity has no effect on the direction of Total Current Liabilities i.e., China Railway's Total Current Liabilities and Other Stockholder Equity go up and down completely randomly.

Correlation Coefficient

-0.74
Relationship DirectionNegative 
Relationship StrengthWeak

Total Current Liabilities

Total Current Liabilities is an item on China Railway 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 Railway Materials 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 Stockholder Equity

Most indicators from China Railway's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into China Railway Materials 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 Railway Materials. 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 154.9 M, whereas Selling General Administrative is forecasted to decline to about 277.9 M.

China Railway fundamental ratios Correlations

0.60.610.990.96-0.060.67-0.230.790.960.31-0.310.960.980.440.970.550.990.990.580.840.96-0.750.770.42-0.35
0.60.560.530.66-0.090.060.610.00.530.1-0.280.530.550.130.720.850.540.60.990.330.72-0.610.590.24-0.2
0.610.560.560.63-0.11-0.070.080.30.570.05-0.330.570.620.280.630.470.570.620.530.390.65-0.540.510.21-0.25
0.990.530.560.9-0.150.75-0.330.840.980.22-0.340.980.990.420.930.541.00.990.520.830.95-0.740.680.36-0.32
0.960.660.630.90.120.51-0.080.650.870.48-0.180.870.910.370.970.530.90.910.650.830.93-0.660.880.51-0.43
-0.06-0.09-0.11-0.150.12-0.270.16-0.08-0.280.870.52-0.28-0.180.02-0.02-0.46-0.15-0.21-0.080.21-0.220.380.410.46-0.41
0.670.06-0.070.750.51-0.27-0.640.840.750.05-0.260.750.70.320.550.240.740.70.050.640.59-0.470.270.16-0.1
-0.230.610.08-0.33-0.080.16-0.64-0.76-0.350.020.05-0.35-0.29-0.19-0.050.38-0.32-0.260.61-0.36-0.090.020.070.030.09
0.790.00.30.840.65-0.080.84-0.760.810.22-0.220.810.820.460.650.060.840.79-0.020.760.64-0.510.470.27-0.27
0.960.530.570.980.87-0.280.75-0.350.810.09-0.381.00.960.350.90.60.970.980.520.770.95-0.730.610.25-0.33
0.310.10.050.220.480.870.050.020.220.090.470.090.180.010.3-0.220.220.150.130.570.170.150.590.67-0.4
-0.31-0.28-0.33-0.34-0.180.52-0.260.05-0.22-0.380.47-0.38-0.39-0.47-0.33-0.51-0.36-0.4-0.23-0.08-0.380.65-0.06-0.26-0.35
0.960.530.570.980.87-0.280.75-0.350.811.00.09-0.380.960.350.90.60.970.980.520.770.95-0.730.610.25-0.33
0.980.550.620.990.91-0.180.7-0.290.820.960.18-0.390.960.520.950.540.990.990.520.790.95-0.810.710.33-0.28
0.440.130.280.420.370.020.32-0.190.460.350.01-0.470.350.520.490.050.460.470.040.390.35-0.730.490.20.08
0.970.720.630.930.97-0.020.55-0.050.650.90.3-0.330.90.950.490.610.940.950.690.780.95-0.80.850.41-0.38
0.550.850.470.540.53-0.460.240.380.060.6-0.22-0.510.60.540.050.610.540.60.870.290.73-0.60.280.150.02
0.990.540.571.00.9-0.150.74-0.320.840.970.22-0.360.970.990.460.940.540.990.520.830.95-0.760.690.36-0.3
0.990.60.620.990.91-0.210.7-0.260.790.980.15-0.40.980.990.470.950.60.990.570.790.97-0.80.70.32-0.3
0.580.990.530.520.65-0.080.050.61-0.020.520.13-0.230.520.520.040.690.870.520.570.340.72-0.540.540.27-0.18
0.840.330.390.830.830.210.64-0.360.760.770.57-0.080.770.790.390.780.290.830.790.340.77-0.490.650.57-0.31
0.960.720.650.950.93-0.220.59-0.090.640.950.17-0.380.950.950.350.950.730.950.970.720.77-0.790.680.38-0.25
-0.75-0.61-0.54-0.74-0.660.38-0.470.02-0.51-0.730.150.65-0.73-0.81-0.73-0.8-0.6-0.76-0.8-0.54-0.49-0.79-0.56-0.23-0.09
0.770.590.510.680.880.410.270.070.470.610.59-0.060.610.710.490.850.280.690.70.540.650.68-0.560.46-0.55
0.420.240.210.360.510.460.160.030.270.250.67-0.260.250.330.20.410.150.360.320.270.570.38-0.230.460.1
-0.35-0.2-0.25-0.32-0.43-0.41-0.10.09-0.27-0.33-0.4-0.35-0.33-0.280.08-0.380.02-0.3-0.3-0.18-0.31-0.25-0.09-0.550.1
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China Railway Account Relationship Matchups

China Railway fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets1.9B24.3B29.7B27.7B25.0B26.2B
Short Long Term Debt Total1.2B2.2B3.2B2.1B9.9B10.4B
Other Current Liab23.4M254.8M275.1M2.9B1.8B1.9B
Total Current Liabilities2.4B15.8B20.0B16.9B14.0B14.7B
Total Stockholder Equity(1.4B)6.7B7.7B8.4B8.9B9.4B
Property Plant And Equipment Net271.3M1.2B1.8B1.8B2.1B1.6B
Current Deferred Revenue988.9M3.4B4.2B1.4B1.0B925.3M
Net Debt1.0B(4.3B)(3.8B)(3.7B)4.8B5.1B
Accounts Payable208.8M10.3B12.6B11.0B1.5B3.0B
Cash164.6M6.5B7.0B5.8B5.1B5.3B
Non Current Assets Total1.1B3.7B4.5B4.6B5.0B4.2B
Non Currrent Assets Other(733.6M)156.6M135.4M259.1M225.0M213.8M
Cash And Short Term Investments164.6M6.5B7.0B5.8B5.1B5.3B
Net Receivables16.8M11.5B15.4B15.0B11.0B11.6B
Liabilities And Stockholders Equity1.9B24.3B29.7B27.7B25.0B26.2B
Non Current Liabilities Total875.3M1.0B996.6M1.3B1.0B550.8M
Inventory45.6M2.0B2.2B2.2B2.5B2.6B
Other Current Assets578.4M603.2M650.0M129.6M1.4B1.5B
Total Liab3.3B16.8B21.0B18.2B15.0B15.7B
Total Current Assets805.4M20.6B25.3B23.1B20.0B21.0B
Short Term Debt1.2B1.9B2.9B1.5B9.6B10.1B
Intangible Assets131.0M757.9M690.7M673.9M715.3M383.9M
Other Stockholder Equity551.7M0.71459.5M1.00.90.86
Retained Earnings(4.9B)46.9M969.9M1.6B2.2B2.3B
Other Liab155.2M653.7M609.5M705.7M811.6M852.1M
Long Term Debt0.0380M260M480M220M315.1M
Property Plant Equipment1.4B1.4B1.2B1.8B1.6B1.7B
Net Tangible Assets(83.7M)4.5B5.9B7.0B8.1B8.5B
Deferred Long Term Liab2.5M20.7M12.1M79.9M91.9M96.5M
Short Long Term Debt1.1B1.3B2.6B1.3B1.7B1.6B
Non Current Liabilities Other500.5M291.1M300.1M310.3M291.9M236.9M
Net Invested Capital(285.5M)8.4B10.6B10.2B10.9B6.8B
Net Working Capital(1.6B)4.8B5.3B6.2B6.0B6.3B

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Other Information on Investing in China Stock

Balance Sheet is a snapshot of the financial position of China Railway Materials at a specified time, usually calculated after every quarter, six months, or one year. China Railway Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of China Railway 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.