Guangdong Total Current Liabilities vs Cash Analysis

002446 Stock   7.43  0.17  2.34%   
Guangdong Shenglu financial indicator trend analysis is much more than just examining Guangdong Shenglu latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Guangdong Shenglu is a good investment. Please check the relationship between Guangdong Shenglu Total Current Liabilities and its Cash accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Guangdong Shenglu Telecommunication. 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 Cash

Total Current Liabilities vs Cash Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Guangdong Shenglu Total Current Liabilities account and Cash. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Guangdong Shenglu's Total Current Liabilities and Cash is 0.91. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Cash in the same time period over historical financial statements of Guangdong Shenglu Telecommunication, assuming nothing else is changed. The correlation between historical values of Guangdong Shenglu's Total Current Liabilities and Cash 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 Guangdong Shenglu Telecommunication are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Total Current Liabilities i.e., Guangdong Shenglu's Total Current Liabilities and Cash go up and down completely randomly.

Correlation Coefficient

0.91
Relationship DirectionPositive 
Relationship StrengthVery Strong

Total Current Liabilities

Total Current Liabilities is an item on Guangdong Shenglu balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Guangdong Shenglu Telecommunication 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.

Cash

Cash refers to the most liquid asset of Guangdong Shenglu, which is listed under current asset account on Guangdong Shenglu Telecommunication balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Guangdong Shenglu customers. The amounts must be unrestricted with restricted cash listed in a different Guangdong Shenglu 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.
Most indicators from Guangdong Shenglu's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Guangdong Shenglu 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 Guangdong Shenglu Telecommunication. 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 98.7 M. The current year's Tax Provision is expected to grow to about 20.6 M
 2021 2022 2023 2024 (projected)
Operating Income64.9M293.4M165.9M98.1M
Total Revenue962.1M1.4B1.2B869.1M

Guangdong Shenglu fundamental ratios Correlations

0.620.930.960.890.170.920.90.660.920.910.910.880.360.850.650.780.310.590.530.850.62-0.620.520.830.43
0.620.790.440.710.10.540.760.40.620.440.50.80.450.340.070.490.160.060.810.650.69-0.270.660.470.62
0.930.790.810.910.110.910.910.690.920.850.880.960.380.760.570.720.270.450.740.890.73-0.610.640.790.6
0.960.440.810.770.080.890.810.680.830.90.890.710.320.870.680.70.230.710.350.740.41-0.60.270.80.24
0.890.710.910.770.430.780.790.450.940.710.840.920.180.630.460.920.590.220.730.720.72-0.450.660.560.67
0.170.10.110.080.43-0.050.04-0.510.32-0.10.110.29-0.09-0.14-0.140.640.93-0.490.24-0.050.410.230.49-0.270.45
0.920.540.910.890.78-0.050.820.750.870.980.930.820.310.830.670.640.150.630.480.820.56-0.580.410.840.3
0.90.760.910.810.790.040.820.690.770.820.790.890.380.790.560.60.10.540.640.920.66-0.690.630.870.55
0.660.40.690.680.45-0.510.750.690.550.750.690.520.310.870.810.17-0.360.820.420.760.18-0.840.080.830.23
0.920.620.920.830.940.320.870.770.550.810.870.890.330.670.570.820.480.340.620.730.7-0.480.590.620.55
0.910.440.850.90.71-0.10.980.820.750.810.910.760.320.860.720.580.070.730.380.810.53-0.630.360.90.25
0.910.50.880.890.840.110.930.790.690.870.910.770.20.820.660.720.330.560.610.710.54-0.570.340.740.49
0.880.80.960.710.920.290.820.890.520.890.760.770.350.640.480.770.380.280.720.880.84-0.550.830.710.67
0.360.450.380.320.18-0.090.310.380.310.330.320.20.350.250.160.04-0.180.20.240.380.27-0.250.270.360.16
0.850.340.760.870.63-0.140.830.790.870.670.860.820.640.250.890.51-0.010.810.380.830.26-0.860.240.880.27
0.650.070.570.680.46-0.140.670.560.810.570.720.660.480.160.890.32-0.070.770.240.70.21-0.890.170.740.24
0.780.490.720.70.920.640.640.60.170.820.580.720.770.040.510.320.790.050.50.520.57-0.240.590.350.49
0.310.160.270.230.590.930.150.1-0.360.480.070.330.38-0.18-0.01-0.070.79-0.410.340.010.40.20.43-0.20.47
0.590.060.450.710.22-0.490.630.540.820.340.730.560.280.20.810.770.05-0.41-0.010.610.03-0.75-0.140.84-0.1
0.530.810.740.350.730.240.480.640.420.620.380.610.720.240.380.240.50.34-0.010.530.65-0.350.560.350.87
0.850.650.890.740.72-0.050.820.920.760.730.810.710.880.380.830.70.520.010.610.530.61-0.810.660.910.45
0.620.690.730.410.720.410.560.660.180.70.530.540.840.270.260.210.570.40.030.650.61-0.240.850.480.69
-0.62-0.27-0.61-0.6-0.450.23-0.58-0.69-0.84-0.48-0.63-0.57-0.55-0.25-0.86-0.89-0.240.2-0.75-0.35-0.81-0.24-0.3-0.81-0.4
0.520.660.640.270.660.490.410.630.080.590.360.340.830.270.240.170.590.43-0.140.560.660.85-0.30.380.66
0.830.470.790.80.56-0.270.840.870.830.620.90.740.710.360.880.740.35-0.20.840.350.910.48-0.810.380.26
0.430.620.60.240.670.450.30.550.230.550.250.490.670.160.270.240.490.47-0.10.870.450.69-0.40.660.26
Click cells to compare fundamentals

Guangdong Shenglu Account Relationship Matchups

Guangdong Shenglu fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets4.5B3.9B3.9B4.1B4.3B2.7B
Other Current Liab427.7M170.7M56.6M76.8M162.7K154.6K
Total Current Liabilities1.4B670.2M865.0M808.1M818.9M606.0M
Total Stockholder Equity2.8B3.0B2.9B3.1B3.2B1.9B
Other Liab214.8M83.1M105.9M109.4M125.9M88.5M
Retained Earnings(154.9M)26.3M(185.9M)57.8M42.3M40.2M
Accounts Payable628.6M413.3M710.5M618.8M514.8M390.4M
Cash1.1B925.5M754.7M637.8M863.8M555.5M
Other Assets345.2M151.1M214.1M214.9M247.2M259.5M
Net Receivables885.4M403.6M696.2M723.0M705.6M537.7M
Inventory516.3M392.5M728.7M595.7M591.9M316.6M
Other Current Assets40.6M19.1M39.4M31.9M34.8M20.4M
Total Liab1.7B839.8M1.0B968.1M1.0B783.5M
Intangible Assets245.7M175.0M159.9M149.2M133.0M112.5M
Common Stock897.1M908.8M908.4M912.9M1.0B1.1B
Property Plant Equipment361.6M246.0M359.7M526.5M605.4M635.7M
Good Will1.2B1.6B877.1M858.4M755.0M791.7M
Net Tangible Assets1.7B2.0B1.8B2.1B2.5B1.7B
Deferred Long Term Liab50.5M9.5M11.5M14.5M13.0M18.6M
Total Current Assets2.6B2.4B2.2B2.3B2.5B2.4B
Non Current Assets Total1.9B1.5B1.6B1.8B1.8B1.4B
Non Currrent Assets Other9.1M13.7M18.0M15.8M132.6K126.0K
Non Current Liabilities Total345.0M169.6M155.4M160.0M230.2M257.0M
Short Long Term Debt150M170M156.2M54.9M122.5M97.9M
Common Stock Shares Outstanding897.1M908.8M909.4M913.3M914.1M953.4M
Net Invested Capital3.1B3.1B2.9B3.2B3.5B3.5B
Net Working Capital1.3B1.7B1.4B1.5B1.7B1.6B
Long Term Debt130.2M86.5M48.3M49.8M135.6M181.0M
Other Stockholder Equity13.8M12.0M13.9M15.2M13.7M13.0M
Capital Stock897.1M908.8M908.4M912.9M914.0M972.3M

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Other Information on Investing in Guangdong Stock

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