TCL Cash vs Accounts Payable Analysis

002129 Stock

9.26 0.10 1.07%

TCL Zhonghuan financial indicator trend analysis is much more than just breaking down TCL Zhonghuan Renewable prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether TCL Zhonghuan Renewable is a good investment. Please check the relationship between TCL Zhonghuan Cash and its Accounts Payable accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in TCL Zhonghuan Renewable. 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 vs Accounts Payable

Cash vs Accounts Payable Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of TCL Zhonghuan Renewable Cash account and Accounts Payable. At this time, the significance of the direction appears to have very strong relationship.

The correlation between TCL Zhonghuan's Cash and Accounts Payable is 0.88. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Accounts Payable in the same time period over historical financial statements of TCL Zhonghuan Renewable, assuming nothing else is changed. The correlation between historical values of TCL Zhonghuan's Cash and Accounts Payable 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 TCL Zhonghuan Renewable are associated (or correlated) with its Accounts Payable. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Accounts Payable has no effect on the direction of Cash i.e., TCL Zhonghuan's Cash and Accounts Payable go up and down completely randomly.

Correlation Coefficient

0.88

Relationship Direction	Positive
Relationship Strength	Strong

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Cash

Cash refers to the most liquid asset of TCL Zhonghuan Renewable, which is listed under current asset account on TCL Zhonghuan Renewable balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from TCL Zhonghuan customers. The amounts must be unrestricted with restricted cash listed in a different TCL Zhonghuan 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.

Accounts Payable

An accounting item on the balance sheet that represents TCL Zhonghuan obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of TCL Zhonghuan Renewable are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.

Most indicators from TCL Zhonghuan's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into TCL Zhonghuan Renewable 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 TCL Zhonghuan Renewable. 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 Selling General Administrative is expected to grow to about 1.2 B. The current year's Tax Provision is expected to grow to about 677.4 M

	2021	2022	2023	2024 (projected)
Operating Income	5.9B	8.0B	8.2B	8.6B
Total Revenue	41.1B	67.0B	59.1B	62.1B

Operating Income Total Revenue

TCL Zhonghuan fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Retained Earnings	Accounts Payable	Cash	Other Assets	Long Term Debt	Net Receivables	Inventory	Other Current Assets	Total Liab	Common Stock	Property Plant Equipment	Intangible Assets	Good Will	Short Term Investments	Net Tangible Assets	Deferred Long Term Liab	Long Term Investments	Short Long Term Debt	Total Current Assets	Short Term Debt	Non Current Assets Total
Total Assets		0.23	0.94	0.99	0.97	0.98	0.98	0.9	0.96	0.98	0.78	0.95	0.81	1.0	0.84	1.0	0.98	0.74	0.78	0.96	0.86	0.88	-0.42	0.9	0.75	0.92
Other Current Liab	0.23		0.42	0.27	0.26	0.13	0.25	0.45	0.33	0.12	0.31	0.01	0.49	0.23	0.32	0.22	0.32	-0.39	0.15	0.18	0.52	0.38	0.12	0.36	0.47	0.33
Total Current Liabilities	0.94	0.42		0.93	0.88	0.85	0.94	0.97	0.97	0.88	0.86	0.8	0.78	0.94	0.91	0.93	0.96	0.54	0.62	0.84	0.86	0.96	-0.18	0.84	0.86	0.87
Total Stockholder Equity	0.99	0.27	0.93		0.96	0.97	0.96	0.92	0.96	0.96	0.77	0.94	0.84	0.98	0.86	0.99	0.98	0.71	0.78	0.97	0.87	0.85	-0.43	0.9	0.74	0.91
Other Liab	0.97	0.26	0.88	0.96		0.98	0.95	0.83	0.9	0.94	0.73	0.93	0.79	0.96	0.72	0.97	0.96	0.74	0.8	0.98	0.88	0.82	-0.55	0.91	0.65	0.92
Retained Earnings	0.98	0.13	0.85	0.97	0.98		0.96	0.8	0.89	0.98	0.67	0.98	0.81	0.97	0.73	0.98	0.94	0.8	0.86	0.99	0.8	0.77	-0.55	0.89	0.63	0.9
Accounts Payable	0.98	0.25	0.94	0.96	0.95	0.96		0.88	0.94	0.97	0.76	0.93	0.81	0.99	0.81	0.98	0.96	0.67	0.81	0.94	0.84	0.88	-0.41	0.91	0.73	0.92
Cash	0.9	0.45	0.97	0.92	0.83	0.8	0.88		0.98	0.83	0.88	0.75	0.76	0.9	0.96	0.89	0.93	0.49	0.57	0.8	0.86	0.93	-0.11	0.81	0.88	0.82
Other Assets	0.96	0.33	0.97	0.96	0.9	0.89	0.94	0.98		0.91	0.87	0.85	0.78	0.95	0.94	0.95	0.97	0.63	0.64	0.88	0.86	0.93	-0.21	0.85	0.85	0.87
Long Term Debt	0.98	0.12	0.88	0.96	0.94	0.98	0.97	0.83	0.91		0.7	0.97	0.79	0.99	0.78	0.98	0.94	0.78	0.83	0.95	0.78	0.82	-0.44	0.88	0.68	0.9
Net Receivables	0.78	0.31	0.86	0.77	0.73	0.67	0.76	0.88	0.87	0.7		0.62	0.6	0.77	0.79	0.76	0.8	0.47	0.4	0.68	0.77	0.87	-0.01	0.71	0.73	0.69
Inventory	0.95	0.01	0.8	0.94	0.93	0.98	0.93	0.75	0.85	0.97	0.62		0.77	0.95	0.72	0.95	0.89	0.85	0.85	0.96	0.72	0.71	-0.56	0.84	0.56	0.85
Other Current Assets	0.81	0.49	0.78	0.84	0.79	0.81	0.81	0.76	0.78	0.79	0.6	0.77		0.82	0.65	0.81	0.79	0.4	0.78	0.81	0.77	0.65	-0.34	0.82	0.63	0.8
Total Liab	1.0	0.23	0.94	0.98	0.96	0.97	0.99	0.9	0.95	0.99	0.77	0.95	0.82		0.84	0.99	0.98	0.72	0.79	0.95	0.84	0.89	-0.38	0.9	0.76	0.92
Common Stock	0.84	0.32	0.91	0.86	0.72	0.73	0.81	0.96	0.94	0.78	0.79	0.72	0.65	0.84		0.83	0.85	0.52	0.47	0.71	0.72	0.86	0.0	0.68	0.87	0.72
Property Plant Equipment	1.0	0.22	0.93	0.99	0.97	0.98	0.98	0.89	0.95	0.98	0.76	0.95	0.81	0.99	0.83		0.98	0.75	0.79	0.97	0.85	0.88	-0.43	0.9	0.74	0.92
Intangible Assets	0.98	0.32	0.96	0.98	0.96	0.94	0.96	0.93	0.97	0.94	0.8	0.89	0.79	0.98	0.85	0.98		0.68	0.71	0.94	0.9	0.93	-0.37	0.89	0.8	0.92
Good Will	0.74	-0.39	0.54	0.71	0.74	0.8	0.67	0.49	0.63	0.78	0.47	0.85	0.4	0.72	0.52	0.75	0.68		0.55	0.78	0.45	0.52	-0.49	0.55	0.37	0.59
Short Term Investments	0.78	0.15	0.62	0.78	0.8	0.86	0.81	0.57	0.64	0.83	0.4	0.85	0.78	0.79	0.47	0.79	0.71	0.55		0.83	0.71	0.49	-0.61	0.88	0.4	0.87
Net Tangible Assets	0.96	0.18	0.84	0.97	0.98	0.99	0.94	0.8	0.88	0.95	0.68	0.96	0.81	0.95	0.71	0.97	0.94	0.78	0.83		0.84	0.76	-0.59	0.89	0.61	0.9
Deferred Long Term Liab	0.86	0.52	0.86	0.87	0.88	0.8	0.84	0.86	0.86	0.78	0.77	0.72	0.77	0.84	0.72	0.85	0.9	0.45	0.71	0.84		0.82	-0.36	0.94	0.76	0.94
Long Term Investments	0.88	0.38	0.96	0.85	0.82	0.77	0.88	0.93	0.93	0.82	0.87	0.71	0.65	0.89	0.86	0.88	0.93	0.52	0.49	0.76	0.82		-0.06	0.78	0.89	0.81
Short Long Term Debt	-0.42	0.12	-0.18	-0.43	-0.55	-0.55	-0.41	-0.11	-0.21	-0.44	-0.01	-0.56	-0.34	-0.38	0.0	-0.43	-0.37	-0.49	-0.61	-0.59	-0.36	-0.06		-0.46	0.21	-0.45
Total Current Assets	0.9	0.36	0.84	0.9	0.91	0.89	0.91	0.81	0.85	0.88	0.71	0.84	0.82	0.9	0.68	0.9	0.89	0.55	0.88	0.89	0.94	0.78	-0.46		0.68	0.99
Short Term Debt	0.75	0.47	0.86	0.74	0.65	0.63	0.73	0.88	0.85	0.68	0.73	0.56	0.63	0.76	0.87	0.74	0.8	0.37	0.4	0.61	0.76	0.89	0.21	0.68		0.72
Non Current Assets Total	0.92	0.33	0.87	0.91	0.92	0.9	0.92	0.82	0.87	0.9	0.69	0.85	0.8	0.92	0.72	0.92	0.92	0.59	0.87	0.9	0.94	0.81	-0.45	0.99	0.72

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TCL Zhonghuan Account Relationship Matchups

TCL Zhonghuan fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	49.1B	58.7B	78.0B	109.1B	125.1B	131.3B
Other Current Liab	1.4B	2.0B	3.0B	2.7B	106.6M	101.3M
Total Current Liabilities	15.6B	17.3B	20.4B	23.0B	22.3B	23.4B
Total Stockholder Equity	14.1B	19.2B	31.7B	37.6B	41.5B	43.6B
Other Liab	600.6M	828.8M	1.5B	1.9B	2.2B	2.3B
Retained Earnings	2.8B	3.8B	7.6B	14.1B	16.3B	17.2B
Accounts Payable	6.4B	7.5B	8.9B	16.6B	15.4B	16.1B
Cash	7.7B	7.5B	10.7B	10.2B	10.0B	10.5B
Other Assets	3.1B	3.1B	4.5B	4.6B	5.3B	5.6B
Long Term Debt	12.4B	11.2B	12.6B	31.9B	35.5B	37.3B
Net Receivables	6.2B	2.1B	6.8B	3.8B	5.4B	5.7B
Inventory	1.6B	2.1B	3.1B	6.4B	8.2B	8.6B
Other Current Assets	747.2M	857.3M	2.0B	2.9B	1.8B	1.9B
Total Liab	28.6B	30.6B	36.3B	62.1B	64.8B	68.1B
Property Plant Equipment	25.6B	33.3B	40.6B	60.1B	69.1B	72.6B
Intangible Assets	2.5B	3.3B	4.1B	4.7B	5.4B	5.7B
Net Tangible Assets	12.0B	16.4B	28.6B	33.7B	38.8B	40.7B
Deferred Long Term Liab	890.5M	980.6M	1.5B	1.3B	1.5B	901.7M
Short Long Term Debt	4.4B	1.7B	1.4B	650.6M	250.1M	237.6M
Total Current Assets	16.2B	16.1B	24.5B	31.8B	34.6B	20.3B
Non Current Assets Total	32.9B	42.6B	53.5B	77.3B	90.4B	49.5B
Non Currrent Assets Other	1.2B	34.5B	2.2B	2.6B	6.1B	6.9B
Non Current Liabilities Total	13.0B	13.3B	15.9B	39.1B	42.5B	44.6B
Non Current Liabilities Other	7.3B	10.7B	20M	47.1M	75.4M	71.7M
Net Debt	7.4B	5.4B	3.3B	22.4B	25.7B	27.0B
Other Stockholder Equity	779.1M	18.5M	22.6M	24.2M	21.7M	20.7M
Net Invested Capital	29.2B	32.1B	45.7B	70.2B	77.2B	47.3B
Net Working Capital	625.2M	(1.2B)	4.0B	8.8B	12.3B	12.9B

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Other Information on Investing in TCL Stock

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

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TCL Cash vs Accounts Payable Analysis

Cash vs Accounts Payable

Cash vs Accounts Payable Correlation Analysis

Correlation Coefficient

Cash

Accounts Payable

TCL Zhonghuan fundamental ratios Correlations

TCL Zhonghuan Account Relationship Matchups

High Positive Relationship

High Negative Relationship

TCL Zhonghuan fundamental ratios Accounts

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Other Information on Investing in TCL Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Liab	+ 1.0	Total Assets
Property Plant Equipment	+ 1.0	Total Assets
Total Stockholder Equity	+ 0.99	Total Assets
Property Plant Equipment	+ 0.99	Total Stockholder Equity
Net Tangible Assets	+ 0.99	Retained Earnings
Total Liab	+ 0.99	Accounts Payable

Short Long Term Debt	- 0.61	Short Term Investments
Short Long Term Debt	- 0.59	Net Tangible Assets
Short Long Term Debt	- 0.56	Inventory
Short Long Term Debt	- 0.55	Retained Earnings
Short Long Term Debt	- 0.55	Other Liab
Short Long Term Debt	- 0.49	Good Will