Huagong Cash And Short Term Investments vs Total Current Assets Analysis

000988 Stock   40.77  0.17  0.42%   
Huagong Tech financial indicator trend analysis is much more than just examining Huagong Tech latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Huagong Tech is a good investment. Please check the relationship between Huagong Tech Cash And Short Term Investments and its Total Current Assets accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Huagong Tech Co. 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.

Cash And Short Term Investments vs Total Current Assets

Cash And Short Term Investments vs Total Current Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Huagong Tech Cash And Short Term Investments account and Total Current Assets. At this time, the significance of the direction appears to have totally related.
Cash And Short Term InvestmentsTotal Current AssetsDiversified AwayCash And Short Term InvestmentsTotal Current AssetsDiversified Away100%
The correlation between Huagong Tech's Cash And Short Term Investments and Total Current Assets is 0.99. Overlapping area represents the amount of variation of Cash And Short Term Investments that can explain the historical movement of Total Current Assets in the same time period over historical financial statements of Huagong Tech Co, assuming nothing else is changed. The correlation between historical values of Huagong Tech's Cash And Short Term Investments and Total 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 Cash And Short Term Investments of Huagong Tech Co are associated (or correlated) with its Total Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Assets has no effect on the direction of Cash And Short Term Investments i.e., Huagong Tech's Cash And Short Term Investments and Total Current Assets go up and down completely randomly.

Correlation Coefficient

0.99
Relationship DirectionPositive 
Relationship StrengthVery Strong

Cash And Short Term Investments

Short Term Investments is an account in the current assets section of Huagong Tech balance sheet. This account contains Huagong Tech investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Huagong Tech Co fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.

Total Current Assets

The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.
Most indicators from Huagong Tech's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Huagong Tech 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 Huagong Tech Co. 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.
As of December 22, 2024, Selling General Administrative is expected to decline to about 59.6 M. In addition to that, Tax Provision is expected to decline to about 90.5 M
 2021 2022 2023 2024 (projected)
Gross Profit1.7B2.3B2.2B2.3B
Total Revenue10.2B12.0B10.2B10.7B

Huagong Tech fundamental ratios Correlations

0.910.490.980.990.930.78-0.110.920.980.970.460.981.00.780.90.960.510.991.00.890.760.980.670.520.98
0.910.510.850.860.80.590.280.710.870.870.30.870.930.60.980.790.620.930.910.950.640.950.370.270.92
0.490.510.490.420.60.160.330.40.340.620.280.340.510.360.580.450.120.540.440.370.510.50.050.390.53
0.980.850.490.960.910.8-0.150.970.940.980.590.940.970.760.850.980.440.980.970.850.710.950.690.540.95
0.990.860.420.960.940.77-0.220.910.990.940.390.980.980.820.840.960.530.950.990.880.80.960.740.570.96
0.930.80.60.910.940.72-0.170.850.90.930.370.90.920.820.790.920.430.90.920.790.910.910.650.70.9
0.780.590.160.80.770.72-0.380.820.80.740.530.80.740.610.640.840.20.770.780.540.520.750.610.410.72
-0.110.280.33-0.15-0.22-0.17-0.38-0.33-0.22-0.02-0.05-0.23-0.05-0.350.29-0.240.11-0.01-0.140.16-0.17-0.01-0.63-0.42-0.05
0.920.710.40.970.910.850.82-0.330.890.930.690.890.90.750.720.980.290.920.910.720.620.870.760.560.88
0.980.870.340.940.990.90.8-0.220.890.890.331.00.970.790.850.930.570.940.990.880.740.970.70.490.96
0.970.870.620.980.940.930.74-0.020.930.890.610.890.960.750.880.970.370.980.940.830.750.950.610.540.94
0.460.30.280.590.390.370.53-0.050.690.330.610.340.430.30.360.61-0.250.530.410.260.130.40.370.250.39
0.980.870.340.940.980.90.8-0.230.891.00.890.340.970.790.840.920.560.940.990.880.730.970.70.490.96
1.00.930.510.970.980.920.74-0.050.90.970.960.430.970.770.920.940.530.990.990.910.750.990.630.480.99
0.780.60.360.760.820.820.61-0.350.750.790.750.30.790.770.590.80.310.730.780.620.760.750.820.80.76
0.90.980.580.850.840.790.640.290.720.850.880.360.840.920.590.80.50.930.890.870.610.940.320.240.92
0.960.790.450.980.960.920.84-0.240.980.930.970.610.920.940.80.80.330.950.950.780.750.920.730.590.92
0.510.620.120.440.530.430.20.110.290.570.37-0.250.560.530.310.50.330.470.550.710.390.50.370.210.49
0.990.930.540.980.950.90.77-0.010.920.940.980.530.940.990.730.930.950.470.980.890.70.980.590.460.97
1.00.910.440.970.990.920.78-0.140.910.990.940.410.990.990.780.890.950.550.980.90.750.980.680.50.98
0.890.950.370.850.880.790.540.160.720.880.830.260.880.910.620.870.780.710.890.90.670.910.490.350.88
0.760.640.510.710.80.910.52-0.170.620.740.750.130.730.750.760.610.750.390.70.750.670.730.590.720.71
0.980.950.50.950.960.910.75-0.010.870.970.950.40.970.990.750.940.920.50.980.980.910.730.560.420.99
0.670.370.050.690.740.650.61-0.630.760.70.610.370.70.630.820.320.730.370.590.680.490.590.560.710.58
0.520.270.390.540.570.70.41-0.420.560.490.540.250.490.480.80.240.590.210.460.50.350.720.420.710.45
0.980.920.530.950.960.90.72-0.050.880.960.940.390.960.990.760.920.920.490.970.980.880.710.990.580.45
Click cells to compare fundamentals

Huagong Tech Account Relationship Matchups

Huagong Tech fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets9.6B11.1B13.9B16.8B17.4B18.3B
Short Long Term Debt Total691.8M933.4M1.9B3.0B4.4B4.6B
Other Current Liab169.3M74.7M347.4M655.3M574.3M603.0M
Total Current Liabilities3.2B4.0B4.9B6.7B5.4B5.7B
Total Stockholder Equity6.1B6.6B7.4B8.2B9.2B9.6B
Property Plant And Equipment Net1.5B1.5B1.7B1.9B2.0B2.1B
Current Deferred Revenue335.2M567.5M902.1M475.7M447.2M469.6M
Net Debt(1.9B)(2.3B)(1.4B)(351.5M)48.7M51.2M
Accounts Payable2.0B2.6B3.1B4.1B2.5B2.7B
Cash2.6B3.2B3.3B3.4B4.4B4.6B
Non Current Assets Total2.4B2.6B3.9B5.3B4.4B4.6B
Non Currrent Assets Other298.8M202.0M1.3B2.3B49.5M47.0M
Cash And Short Term Investments2.9B3.3B3.4B3.5B4.5B4.7B
Net Receivables3.1B3.4B4.5B5.6B6.2B6.5B
Common Stock Shares Outstanding900.4M1.0B1.0B1.0B1.2B919.9M
Liabilities And Stockholders Equity9.6B11.1B13.9B16.8B17.4B18.3B
Non Current Liabilities Total197.9M341.8M1.5B1.8B2.6B2.7B
Inventory1.3B1.7B2.0B2.4B1.9B2.0B
Other Current Assets41.4M62.6M20.7M40.8M487.5M511.9M
Total Liab3.4B4.4B6.5B8.5B8.0B8.4B
Total Current Assets7.3B8.5B10.0B11.5B13.0B13.7B
Short Term Debt639.8M781.1M584.0M1.5B1.9B2.0B
Intangible Assets319.0M329.9M323.0M314.2M400.3M420.3M
Retained Earnings2.4B2.9B3.6B4.4B5.3B5.6B
Other Stockholder Equity2.5B2.5B2.6B2.6B2.6B1.3B
Other Liab141.5M184.7M209.0M280.2M322.2M338.3M
Long Term Debt56.4M152.3M1.3B1.5B2.5B2.6B
Short Term Investments221.2M87.6M123.0M116.1M125.5M131.7M
Property Plant Equipment1.5B1.5B1.7B1.9B2.1B2.2B
Net Tangible Assets5.9B6.3B7.1B8.0B9.2B6.0B
Deferred Long Term Liab44.6M90.3M117.7M97.4M112.0M67.3M
Short Long Term Debt639.8M781.1M570.6M739.4M49.0M46.6M
Net Invested Capital6.8B7.6B9.2B10.5B11.7B9.1B
Net Working Capital4.1B4.4B5.0B4.8B7.6B5.2B

Also Currently Popular

Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.

Other Information on Investing in Huagong Stock

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