Qingdao Cash vs Short Term Debt Analysis

003033 Stock

36.48 3.32 10.01%

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

Cash vs Short Term Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Qingdao Choho Industrial Cash account and Short Term Debt. At this time, the significance of the direction appears to have strong relationship.

The correlation between Qingdao Choho's Cash and Short Term Debt is 0.76. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Short Term Debt in the same time period over historical financial statements of Qingdao Choho Industrial, assuming nothing else is changed. The correlation between historical values of Qingdao Choho's Cash and Short Term Debt 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 Qingdao Choho Industrial are associated (or correlated) with its Short Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Term Debt has no effect on the direction of Cash i.e., Qingdao Choho's Cash and Short Term Debt go up and down completely randomly.

Correlation Coefficient

0.76

Relationship Direction	Positive
Relationship Strength	Significant

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Cash

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

Short Term Debt

Most indicators from Qingdao Choho's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Qingdao Choho Industrial 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 Qingdao Choho Industrial. 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 64.7 M, whereas Tax Provision is forecasted to decline to about 5.8 M.

	2022	2023	2024	2025 (projected)
Gross Profit	369.8M	381.5M	438.8M	231.5M
Total Revenue	1.6B	1.7B	2.0B	2.1B

Gross Profit Total Revenue

Qingdao Choho fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Common Stock Shares Outstanding	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Intangible Assets	Common Stock	Short Term Investments	Non Current Liabilities Total	Other Liab	Net Tangible Assets
Total Assets		0.83	0.31	0.77	0.98	1.0	0.25	0.96	0.97	0.96	1.0	0.59	0.96	0.88	0.84	-0.67	0.97	0.97	0.99	0.82	0.91	0.87	-0.72	0.93	0.88	0.86
Short Long Term Debt Total	0.83		0.0	0.79	0.75	0.84	0.54	0.7	0.84	0.78	0.85	0.28	0.78	0.67	0.64	-0.33	0.78	0.9	0.8	1.0	0.81	0.68	-0.67	0.83	0.68	0.65
Other Current Liab	0.31	0.0		0.36	0.45	0.31	-0.71	0.43	0.23	0.45	0.25	0.81	0.45	0.41	0.42	-0.63	0.46	0.11	0.38	-0.02	-0.07	0.41	-0.04	-0.01	0.47	0.5
Total Current Liabilities	0.77	0.79	0.36		0.77	0.77	0.06	0.69	0.77	0.83	0.75	0.68	0.83	0.84	0.9	-0.52	0.82	0.73	0.78	0.78	0.55	0.88	-0.27	0.6	0.89	0.9
Total Stockholder Equity	0.98	0.75	0.45	0.77		0.98	0.07	0.98	0.93	0.97	0.97	0.7	0.97	0.92	0.87	-0.72	0.98	0.91	0.99	0.73	0.83	0.9	-0.65	0.86	0.91	0.9
Property Plant And Equipment Net	1.0	0.84	0.31	0.77	0.98		0.26	0.97	0.96	0.95	1.0	0.57	0.95	0.88	0.83	-0.67	0.96	0.97	0.99	0.83	0.9	0.86	-0.71	0.93	0.88	0.85
Net Debt	0.25	0.54	-0.71	0.06	0.07	0.26		0.11	0.29	0.02	0.32	-0.56	0.02	-0.03	-0.07	0.18	0.03	0.45	0.15	0.56	0.57	-0.04	-0.44	0.53	-0.05	-0.1
Retained Earnings	0.96	0.7	0.43	0.69	0.98	0.97	0.11		0.9	0.92	0.96	0.63	0.92	0.89	0.83	-0.72	0.93	0.89	0.96	0.69	0.83	0.86	-0.65	0.86	0.86	0.85
Accounts Payable	0.97	0.84	0.23	0.77	0.93	0.96	0.29	0.9		0.94	0.97	0.57	0.94	0.81	0.84	-0.65	0.94	0.98	0.97	0.83	0.91	0.83	-0.74	0.94	0.86	0.84
Cash	0.96	0.78	0.45	0.83	0.97	0.95	0.02	0.92	0.94		0.93	0.75	1.0	0.91	0.89	-0.68	1.0	0.9	0.98	0.76	0.78	0.92	-0.62	0.82	0.93	0.92
Non Current Assets Total	1.0	0.85	0.25	0.75	0.97	1.0	0.32	0.96	0.97	0.93		0.53	0.93	0.86	0.81	-0.65	0.94	0.98	0.98	0.84	0.93	0.85	-0.74	0.95	0.86	0.83
Non Currrent Assets Other	0.59	0.28	0.81	0.68	0.7	0.57	-0.56	0.63	0.57	0.75	0.53		0.76	0.74	0.8	-0.68	0.75	0.44	0.67	0.26	0.26	0.77	-0.14	0.31	0.81	0.83
Cash And Short Term Investments	0.96	0.78	0.45	0.83	0.97	0.95	0.02	0.92	0.94	1.0	0.93	0.76		0.91	0.89	-0.68	1.0	0.9	0.98	0.76	0.78	0.92	-0.62	0.82	0.93	0.92
Common Stock Shares Outstanding	0.88	0.67	0.41	0.84	0.92	0.88	-0.03	0.89	0.81	0.91	0.86	0.74	0.91		0.94	-0.6	0.91	0.79	0.9	0.65	0.7	0.99	-0.41	0.73	0.96	0.95
Inventory	0.84	0.64	0.42	0.9	0.87	0.83	-0.07	0.83	0.84	0.89	0.81	0.8	0.89	0.94		-0.66	0.89	0.77	0.87	0.62	0.64	0.96	-0.31	0.68	0.98	0.98
Other Current Assets	-0.67	-0.33	-0.63	-0.52	-0.72	-0.67	0.18	-0.72	-0.65	-0.68	-0.65	-0.68	-0.68	-0.6	-0.66		-0.69	-0.58	-0.69	-0.32	-0.48	-0.62	0.36	-0.54	-0.7	-0.7
Other Stockholder Equity	0.97	0.78	0.46	0.82	0.98	0.96	0.03	0.93	0.94	1.0	0.94	0.75	1.0	0.91	0.89	-0.69		0.9	0.98	0.76	0.79	0.92	-0.62	0.82	0.94	0.93
Total Liab	0.97	0.9	0.11	0.73	0.91	0.97	0.45	0.89	0.98	0.9	0.98	0.44	0.9	0.79	0.77	-0.58	0.9		0.95	0.89	0.96	0.79	-0.78	0.98	0.81	0.78
Total Current Assets	0.99	0.8	0.38	0.78	0.99	0.99	0.15	0.96	0.97	0.98	0.98	0.67	0.98	0.9	0.87	-0.69	0.98	0.95		0.79	0.87	0.89	-0.69	0.9	0.91	0.89
Short Term Debt	0.82	1.0	-0.02	0.78	0.73	0.83	0.56	0.69	0.83	0.76	0.84	0.26	0.76	0.65	0.62	-0.32	0.76	0.89	0.79		0.81	0.66	-0.67	0.82	0.66	0.63
Intangible Assets	0.91	0.81	-0.07	0.55	0.83	0.9	0.57	0.83	0.91	0.78	0.93	0.26	0.78	0.7	0.64	-0.48	0.79	0.96	0.87	0.81		0.69	-0.8	1.0	0.68	0.65
Common Stock	0.87	0.68	0.41	0.88	0.9	0.86	-0.04	0.86	0.83	0.92	0.85	0.77	0.92	0.99	0.96	-0.62	0.92	0.79	0.89	0.66	0.69		-0.39	0.72	0.98	0.98
Short Term Investments	-0.72	-0.67	-0.04	-0.27	-0.65	-0.71	-0.44	-0.65	-0.74	-0.62	-0.74	-0.14	-0.62	-0.41	-0.31	0.36	-0.62	-0.78	-0.69	-0.67	-0.8	-0.39		-0.79	-0.4	-0.34
Non Current Liabilities Total	0.93	0.83	-0.01	0.6	0.86	0.93	0.53	0.86	0.94	0.82	0.95	0.31	0.82	0.73	0.68	-0.54	0.82	0.98	0.9	0.82	1.0	0.72	-0.79		0.73	0.69
Other Liab	0.88	0.68	0.47	0.89	0.91	0.88	-0.05	0.86	0.86	0.93	0.86	0.81	0.93	0.96	0.98	-0.7	0.94	0.81	0.91	0.66	0.68	0.98	-0.4	0.73		1.0
Net Tangible Assets	0.86	0.65	0.5	0.9	0.9	0.85	-0.1	0.85	0.84	0.92	0.83	0.83	0.92	0.95	0.98	-0.7	0.93	0.78	0.89	0.63	0.65	0.98	-0.34	0.69	1.0

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Qingdao Choho Account Relationship Matchups

Qingdao Choho fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	717.5M	1.4B	1.7B	2.2B	2.6B	2.7B
Short Long Term Debt Total	60.0M	15.0M	78.8M	262.0M	301.3M	316.3M
Other Current Liab	82.8M	95.6M	103.3M	36.2M	41.6M	59.8M
Total Current Liabilities	180.5M	354.4M	548.6M	445.7M	512.6M	310.1M
Total Stockholder Equity	489.0M	945.2M	1.1B	1.2B	1.3B	1.4B
Property Plant And Equipment Net	244.1M	416.5M	678.5M	818.0M	940.7M	987.7M
Net Debt	(44.5M)	(272.3M)	(81.1M)	189.7M	170.7M	179.2M
Retained Earnings	346.6M	389.6M	522.8M	596.2M	685.7M	719.9M
Accounts Payable	82.7M	193.2M	189.5M	283.6M	326.1M	342.4M
Cash	59.5M	351.1M	343.0M	344.6M	396.3M	416.1M
Non Current Assets Total	305.0M	530.1M	840.1M	1.2B	1.4B	1.4B
Non Currrent Assets Other	28.2M	69.2M	48.9M	28.6M	32.8M	23.2M
Cash And Short Term Investments	86.3M	59.5M	351.1M	343.0M	394.5M	414.2M
Common Stock Shares Outstanding	61.1M	80.4M	81.7M	81.8M	94.0M	72.3M
Liabilities And Stockholders Equity	597.9M	717.5M	1.4B	1.7B	2.0B	2.1B
Inventory	147.1M	240.7M	238.0M	249.9M	287.4M	171.9M
Other Current Assets	2.7M	2.3M	986.2K	4.9M	4.4M	4.2M
Other Stockholder Equity	77.2M	81.1M	473.8M	482.6M	555.0M	582.8M
Total Liab	228.6M	438.0M	656.8M	1.1B	1.2B	1.3B
Total Current Assets	412.6M	853.1M	903.8M	1.1B	1.2B	1.3B
Short Term Debt	60.0M	15.0M	65.7M	255.7M	294.1M	308.8M
Intangible Assets	27.4M	29.7M	30.0M	252.0M	289.8M	304.2M
Non Current Liabilities Total	48.0M	83.6M	108.2M	640.6M	736.6M	773.5M
Net Receivables	142.4M	185.5M	262.6M	360.6M	414.7M	235.8M
Net Invested Capital	504.0M	1.0B	1.3B	1.7B	2.0B	1.1B
Short Long Term Debt	15.0M	59.7M	248.2M	20.0M	23.0M	21.9M
Non Current Liabilities Other	2.7M	3.6M	7.8M	11.5M	13.2M	13.9M
Net Working Capital	232.0M	498.7M	355.2M	609.3M	700.7M	414.2M

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Other Information on Investing in Qingdao Stock

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

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Qingdao Cash vs Short Term Debt Analysis

Cash vs Short Term Debt

Cash vs Short Term Debt Correlation Analysis

Correlation Coefficient

Cash

Short Term Debt

Qingdao Choho fundamental ratios Correlations

Qingdao Choho Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Qingdao Choho fundamental ratios Accounts

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Other Information on Investing in Qingdao Stock

COMMON DESTINATIONS

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COMPANY

Property Plant And Equipment Net	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Total Assets
Short Term Debt	+ 1.0	Short Long Term Debt Total
Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Cash And Short Term Investments	+ 1.0	Cash
Other Stockholder Equity	+ 1.0	Cash

Short Term Investments	- 0.8	Intangible Assets
Non Current Liabilities Total	- 0.79	Short Term Investments
Short Term Investments	- 0.78	Total Liab
Short Term Investments	- 0.74	Non Current Assets Total
Short Term Investments	- 0.74	Accounts Payable
Other Current Assets	- 0.72	Retained Earnings