CIMC Cash vs Long Term Debt Analysis
| 301039 Stock | 9.86 0.06 0.61% |
CIMC Vehicles financial indicator trend analysis is way more than just evaluating CIMC Vehicles prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether CIMC Vehicles is a good investment. Please check the relationship between CIMC Vehicles Cash and its Long Term Debt accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in CIMC Vehicles 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 vs Long Term Debt
Cash vs Long Term Debt Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of CIMC Vehicles Cash account and Long Term Debt. At this time, the significance of the direction appears to have strong relationship.
The correlation between CIMC Vehicles' Cash and Long Term Debt is 0.78. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Long Term Debt in the same time period over historical financial statements of CIMC Vehicles Co, assuming nothing else is changed. The correlation between historical values of CIMC Vehicles' Cash and Long 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 CIMC Vehicles Co are associated (or correlated) with its Long Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Long Term Debt has no effect on the direction of Cash i.e., CIMC Vehicles' Cash and Long Term Debt go up and down completely randomly.
Correlation Coefficient | 0.78 |
| Relationship Direction | Positive |
| Relationship Strength | Significant |
Cash
Cash refers to the most liquid asset of CIMC Vehicles, which is listed under current asset account on CIMC Vehicles Co balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from CIMC Vehicles customers. The amounts must be unrestricted with restricted cash listed in a different CIMC Vehicles 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.Long Term Debt
Long-term debt is a debt that CIMC Vehicles has held for over one year. Long-term debt appears on CIMC Vehicles Co balance sheet and also includes long-term leases. The most common forms of long term debt are bonds payable, long-term notes payable, mortgage payable, pension liabilities, and lease liabilities. In the corporate world, long-term debt is generally used to fund big-ticket items, such as machinery, buildings, and land. The total of long-term debt reported on CIMC Vehicles Co balance sheet is the sum of the balances of all categories of long-term debt. Debt that is not due within the current year and is often considered to be financing activities that are to be repaid over several years.Most indicators from CIMC Vehicles' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into CIMC Vehicles 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 CIMC Vehicles 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 2, 2024, Tax Provision is expected to decline to about 408.2 M. In addition to that, Selling General Administrative is expected to decline to about 1.7 B
| 2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 44.8M | 46.8M | 11.1M | 10.6M | Interest Income | 62.0M | 73.3M | 121.7M | 90.6M |
CIMC Vehicles fundamental ratios Correlations
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CIMC Vehicles Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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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 CIMC Stock
Balance Sheet is a snapshot of the financial position of CIMC Vehicles at a specified time, usually calculated after every quarter, six months, or one year. CIMC Vehicles Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of CIMC Vehicles 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 CIMC currently owns. An asset can also be divided into two categories, current and non-current.