Chongqing Intangible Assets vs Non Current Liabilities Total Analysis
301121 Stock | 55.14 1.80 3.37% |
Chongqing VDL financial indicator trend analysis is way more than just evaluating Chongqing VDL Electronics prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Chongqing VDL Electronics is a good investment. Please check the relationship between Chongqing VDL Intangible Assets and its Non Current Liabilities Total accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Chongqing VDL 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.
Intangible Assets vs Non Current Liabilities Total
Intangible Assets vs Non Current Liabilities Total Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Chongqing VDL Electronics Intangible Assets account and Non Current Liabilities Total. At this time, the significance of the direction appears to have strong relationship.
The correlation between Chongqing VDL's Intangible Assets and Non Current Liabilities Total is 0.79. Overlapping area represents the amount of variation of Intangible Assets that can explain the historical movement of Non Current Liabilities Total in the same time period over historical financial statements of Chongqing VDL Electronics, assuming nothing else is changed. The correlation between historical values of Chongqing VDL's Intangible Assets and Non Current Liabilities Total is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Intangible Assets of Chongqing VDL Electronics are associated (or correlated) with its Non Current Liabilities Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Liabilities Total has no effect on the direction of Intangible Assets i.e., Chongqing VDL's Intangible Assets and Non Current Liabilities Total go up and down completely randomly.
Correlation Coefficient | 0.79 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Intangible Assets
Non-physical assets possessed by a company, such as patents, trademarks, and copyrights, which provide long-term value.Non Current Liabilities Total
Most indicators from Chongqing VDL's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Chongqing VDL Electronics 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 Chongqing VDL 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 (11.2 M). In addition to that, Selling General Administrative is expected to decline to about 43.9 M
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 3.1M | 9.3M | 13.0M | 13.6M | Interest Income | 106.3K | 2.0M | 9.2M | 9.6M |
Chongqing VDL fundamental ratios Correlations
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Chongqing VDL Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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Balance Sheet is a snapshot of the financial position of Chongqing VDL Electronics at a specified time, usually calculated after every quarter, six months, or one year. Chongqing VDL Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Chongqing VDL 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 Chongqing currently owns. An asset can also be divided into two categories, current and non-current.