Chengdu Total Current Liabilities vs Cash Analysis

002935 Stock   16.38  0.32  1.99%   
Chengdu Spaceon financial indicator trend analysis is way more than just evaluating Chengdu Spaceon Elec prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Chengdu Spaceon Elec is a good investment. Please check the relationship between Chengdu Spaceon Total Current Liabilities and its Cash accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Chengdu Spaceon Electronics. 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 Chengdu Spaceon Elec Total Current Liabilities account and Cash. At this time, the significance of the direction appears to have strong relationship.
The correlation between Chengdu Spaceon's Total Current Liabilities and Cash is 0.73. 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 Chengdu Spaceon Electronics, assuming nothing else is changed. The correlation between historical values of Chengdu Spaceon'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 Chengdu Spaceon Electronics 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., Chengdu Spaceon's Total Current Liabilities and Cash go up and down completely randomly.

Correlation Coefficient

0.73
Relationship DirectionPositive 
Relationship StrengthSignificant

Total Current Liabilities

Total Current Liabilities is an item on Chengdu Spaceon balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Chengdu Spaceon Electronics 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 Chengdu Spaceon Elec, which is listed under current asset account on Chengdu Spaceon Electronics balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Chengdu Spaceon customers. The amounts must be unrestricted with restricted cash listed in a different Chengdu Spaceon 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 Chengdu Spaceon's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Chengdu Spaceon Elec 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 Chengdu Spaceon Electronics. 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 6.9 M, whereas Selling General Administrative is forecasted to decline to about 54.6 M.
 2021 2022 2023 2024 (projected)
Tax Provision7.0M4.4M5.5M6.9M
Income Tax Expense7.0M4.4M4.0M7.6M

Chengdu Spaceon fundamental ratios Correlations

0.880.880.670.980.880.940.460.860.870.90.720.97-0.90.890.980.930.210.88-0.630.92-0.630.770.850.870.81
0.880.970.750.930.840.960.370.670.990.790.840.9-0.860.90.920.760.150.7-0.860.96-0.860.650.820.980.97
0.880.970.730.920.880.960.480.70.980.80.860.92-0.910.890.930.790.270.73-0.880.96-0.880.590.760.970.95
0.670.750.730.660.540.670.190.330.760.420.510.59-0.790.550.670.440.160.36-0.680.68-0.680.590.520.760.77
0.980.930.920.660.890.970.440.870.910.930.790.97-0.890.910.980.930.220.89-0.70.97-0.70.760.890.910.86
0.880.840.880.540.890.920.330.810.860.870.740.94-0.910.910.940.910.030.83-0.660.91-0.660.750.830.880.83
0.940.960.960.670.970.920.460.840.960.910.890.96-0.890.920.970.890.230.86-0.761.0-0.760.720.870.960.93
0.460.370.480.190.440.330.460.50.390.440.610.51-0.40.270.420.480.890.5-0.230.44-0.23-0.140.060.370.32
0.860.670.70.330.870.810.840.50.660.980.730.86-0.690.770.840.940.321.0-0.40.83-0.40.710.830.670.59
0.870.990.980.760.910.860.960.390.660.770.860.89-0.880.890.910.750.160.68-0.850.97-0.850.630.791.00.99
0.90.790.80.420.930.870.910.440.980.770.780.91-0.750.850.90.950.250.98-0.570.9-0.570.760.90.770.71
0.720.840.860.510.790.740.890.610.730.860.780.77-0.670.720.750.690.460.74-0.70.9-0.70.420.660.860.86
0.970.90.920.590.970.940.960.510.860.890.910.77-0.910.930.990.950.220.88-0.670.94-0.670.70.820.90.84
-0.9-0.86-0.91-0.79-0.89-0.91-0.89-0.4-0.69-0.88-0.75-0.67-0.91-0.82-0.93-0.84-0.17-0.710.72-0.880.72-0.7-0.71-0.9-0.85
0.890.90.890.550.910.910.920.270.770.890.850.720.93-0.820.950.83-0.010.79-0.740.91-0.740.750.890.890.85
0.980.920.930.670.980.940.970.420.840.910.90.750.99-0.930.950.930.160.86-0.720.95-0.720.770.870.920.86
0.930.760.790.440.930.910.890.480.940.750.950.690.95-0.840.830.930.210.95-0.490.87-0.490.730.820.760.69
0.210.150.270.160.220.030.230.890.320.160.250.460.22-0.17-0.010.160.210.31-0.150.23-0.15-0.26-0.120.130.1
0.880.70.730.360.890.830.860.51.00.680.980.740.88-0.710.790.860.950.31-0.430.84-0.430.720.840.690.62
-0.63-0.86-0.88-0.68-0.7-0.66-0.76-0.23-0.4-0.85-0.57-0.7-0.670.72-0.74-0.72-0.49-0.15-0.43-0.771.0-0.44-0.61-0.83-0.84
0.920.960.960.680.970.911.00.440.830.970.90.90.94-0.880.910.950.870.230.84-0.77-0.770.710.870.970.94
-0.63-0.86-0.88-0.68-0.7-0.66-0.76-0.23-0.4-0.85-0.57-0.7-0.670.72-0.74-0.72-0.49-0.15-0.431.0-0.77-0.44-0.61-0.83-0.84
0.770.650.590.590.760.750.72-0.140.710.630.760.420.7-0.70.750.770.73-0.260.72-0.440.71-0.440.910.660.62
0.850.820.760.520.890.830.870.060.830.790.90.660.82-0.710.890.870.82-0.120.84-0.610.87-0.610.910.80.76
0.870.980.970.760.910.880.960.370.671.00.770.860.9-0.90.890.920.760.130.69-0.830.97-0.830.660.80.99
0.810.970.950.770.860.830.930.320.590.990.710.860.84-0.850.850.860.690.10.62-0.840.94-0.840.620.760.99
Click cells to compare fundamentals

Chengdu Spaceon Account Relationship Matchups

Chengdu Spaceon fundamental ratios Accounts

201920202021202220232024 (projected)
Other Liab32.4M36.9M40.6M46.5M53.5M30.7M
Net Tangible Assets1.3B1.3B1.4B1.5B1.7B1.1B
Retained Earnings625.9M695.3M761.7M843.0M772.3M653.8M
Other Assets21.6M15.1M7.8M10.3M11.8M9.6M
Common Stock106.7M160.0M208.0M275.0M316.2M164.7M
Property Plant Equipment103.3M176.2M277.3M295.2M339.4M356.4M
Total Assets1.6B1.8B2.0B2.6B2.6B1.9B
Other Current Liab32.5M57.4M96.4M161.4M460.8K437.7K
Total Current Liabilities346.2M445.7M543.1M1.0B955.9M588.8M
Total Stockholder Equity1.3B1.3B1.4B1.5B1.6B1.3B
Accounts Payable249.8M381.3M430.8M821.7M850.8M475.5M
Cash366.2M383.9M411.3M787.5M455.8M454.8M
Non Current Assets Total134.4M200.2M293.6M314.5M332.1M198.0M
Non Currrent Assets Other48.8M62.3M15.3M7.3M6.6M6.2M
Net Receivables458.7M398.9M644.7M562.8M744.2M536.9M
Non Current Liabilities Total32.4M36.9M46.9M49.8M59.7M37.5M
Inventory337.9M470.6M492.9M583.3M599.3M473.9M
Other Current Assets12.4M10.9M10.4M29.3M1.0M983.6K
Total Liab378.6M482.6M590.0M1.1B1.0B626.3M
Total Current Assets1.5B1.6B1.7B2.3B2.2B1.7B
Intangible Assets9.4M8.9M8.5M9.1M11.3M9.9M
Net Invested Capital1.3B1.3B1.4B1.5B1.6B1.4B
Net Working Capital1.2B1.2B1.2B1.2B1.3B1.2B

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Other Information on Investing in Chengdu Stock

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