Qingdao Cash vs Other Current Liab Analysis

600229 Stock

7.80 0.01 0.13%

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

Cash vs Other Current Liab Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Qingdao Citymedia Cash account and Other Current Liab. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Qingdao Citymedia's Cash and Other Current Liab is -0.21. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Other Current Liab in the same time period over historical financial statements of Qingdao Citymedia Co, assuming nothing else is changed. The correlation between historical values of Qingdao Citymedia's Cash and Other Current Liab 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 Citymedia Co are associated (or correlated) with its Other Current Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Liab has no effect on the direction of Cash i.e., Qingdao Citymedia's Cash and Other Current Liab go up and down completely randomly.

Correlation Coefficient

-0.21

Relationship Direction	Negative
Relationship Strength	Insignificant

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Cash

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

Other Current Liab

Most indicators from Qingdao Citymedia's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Qingdao Citymedia 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 Citymedia 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 1, 2024, Selling General Administrative is expected to decline to about 259.5 M. The current year's Tax Provision is expected to grow to about (54.1 M)

	2021	2022	2023	2024 (projected)
Operating Income	324.1M	318.1M	286.2M	191.4M
Total Revenue	2.4B	2.6B	2.7B	2.0B

Operating Income Total Revenue

Qingdao Citymedia fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Retained Earnings	Accounts Payable	Cash	Other Assets	Long Term Debt	Net Receivables	Short Term Investments	Inventory	Other Current Assets	Total Liab	Intangible Assets	Common Stock	Property Plant Equipment	Other Liab	Net Tangible Assets	Good Will	Deferred Long Term Liab	Long Term Investments	Short Long Term Debt	Total Current Assets	Short Term Debt	Non Current Assets Total
Total Assets		0.13	0.13	0.89	0.75	0.86	0.71	0.84	0.59	0.37	-0.3	0.78	0.41	0.19	0.41	0.76	-0.45	-0.18	0.86	0.3	0.83	0.86	-0.1	0.78	-0.34	0.81
Other Current Liab	0.13		0.28	-0.02	-0.31	0.19	-0.21	-0.13	-0.04	-0.03	-0.12	-0.36	0.44	0.32	0.14	-0.04	0.27	0.43	-0.21	-0.81	-0.11	-0.07	-0.22	-0.31	-0.1	-0.14
Total Current Liabilities	0.13	0.28		-0.33	-0.31	0.12	-0.28	0.0	-0.36	0.16	-0.43	-0.09	-0.45	0.97	-0.34	-0.44	0.7	0.81	-0.15	0.03	-0.22	-0.23	-0.35	-0.1	-0.3	-0.11
Total Stockholder Equity	0.89	-0.02	-0.33		0.87	0.77	0.81	0.8	0.69	0.29	-0.1	0.79	0.57	-0.28	0.53	0.93	-0.75	-0.56	0.9	0.3	0.88	0.93	0.06	0.8	-0.19	0.83
Retained Earnings	0.75	-0.31	-0.31	0.87		0.62	0.87	0.89	0.62	0.39	-0.17	0.95	0.37	-0.27	0.38	0.76	-0.83	-0.63	0.94	0.53	0.9	0.9	0.07	0.9	-0.27	0.92
Accounts Payable	0.86	0.19	0.12	0.77	0.62		0.61	0.78	0.67	0.21	-0.26	0.61	0.59	0.16	0.48	0.76	-0.44	-0.13	0.65	0.17	0.75	0.82	-0.12	0.5	-0.25	0.74
Cash	0.71	-0.21	-0.28	0.81	0.87	0.61		0.7	0.55	0.04	0.22	0.78	0.38	-0.23	0.66	0.83	-0.8	-0.44	0.75	0.45	0.76	0.73	0.21	0.74	-0.07	0.72
Other Assets	0.84	-0.13	0.0	0.8	0.89	0.78	0.7		0.64	0.54	-0.51	0.92	0.41	0.07	0.23	0.63	-0.61	-0.39	0.9	0.43	0.93	0.93	-0.24	0.83	-0.52	0.99
Long Term Debt	0.59	-0.04	-0.36	0.69	0.62	0.67	0.55	0.64		0.13	-0.09	0.53	0.76	-0.22	0.45	0.68	-0.62	-0.44	0.57	0.07	0.76	0.78	0.25	0.44	0.08	0.68
Net Receivables	0.37	-0.03	0.16	0.29	0.39	0.21	0.04	0.54	0.13		-0.85	0.46	-0.01	0.18	-0.43	-0.02	-0.13	-0.17	0.58	0.33	0.48	0.47	-0.42	0.6	-0.59	0.55
Short Term Investments	-0.3	-0.12	-0.43	-0.1	-0.17	-0.26	0.22	-0.51	-0.09	-0.85		-0.32	0.01	-0.46	0.53	0.2	-0.16	-0.09	-0.38	-0.12	-0.34	-0.34	0.64	-0.34	0.72	-0.47
Inventory	0.78	-0.36	-0.09	0.79	0.95	0.61	0.78	0.92	0.53	0.46	-0.32		0.19	-0.06	0.19	0.63	-0.63	-0.52	0.93	0.62	0.86	0.85	-0.03	0.92	-0.38	0.92
Other Current Assets	0.41	0.44	-0.45	0.57	0.37	0.59	0.38	0.41	0.76	-0.01	0.01	0.19		-0.33	0.53	0.63	-0.56	-0.38	0.3	-0.42	0.53	0.58	0.01	0.13	-0.03	0.46
Total Liab	0.19	0.32	0.97	-0.28	-0.27	0.16	-0.23	0.07	-0.22	0.18	-0.46	-0.06	-0.33		-0.28	-0.4	0.64	0.81	-0.11	-0.01	-0.12	-0.16	-0.37	-0.06	-0.33	-0.04
Intangible Assets	0.41	0.14	-0.34	0.53	0.38	0.48	0.66	0.23	0.45	-0.43	0.53	0.19	0.53	-0.28		0.7	-0.62	-0.08	0.25	-0.04	0.36	0.39	0.29	0.17	0.24	0.26
Common Stock	0.76	-0.04	-0.44	0.93	0.76	0.76	0.83	0.63	0.68	-0.02	0.2	0.63	0.63	-0.4	0.7		-0.78	-0.54	0.71	0.23	0.75	0.81	0.18	0.6	0.01	0.66
Property Plant Equipment	-0.45	0.27	0.7	-0.75	-0.83	-0.44	-0.8	-0.61	-0.62	-0.13	-0.16	-0.63	-0.56	0.64	-0.62	-0.78		0.72	-0.68	-0.3	-0.72	-0.73	-0.19	-0.62	0.05	-0.69
Other Liab	-0.18	0.43	0.81	-0.56	-0.63	-0.13	-0.44	-0.39	-0.44	-0.17	-0.09	-0.52	-0.38	0.81	-0.08	-0.54	0.72		-0.51	-0.23	-0.52	-0.52	-0.21	-0.47	-0.03	-0.48
Net Tangible Assets	0.86	-0.21	-0.15	0.9	0.94	0.65	0.75	0.9	0.57	0.58	-0.38	0.93	0.3	-0.11	0.25	0.71	-0.68	-0.51		0.54	0.9	0.92	-0.06	0.96	-0.38	0.92
Good Will	0.3	-0.81	0.03	0.3	0.53	0.17	0.45	0.43	0.07	0.33	-0.12	0.62	-0.42	-0.01	-0.04	0.23	-0.3	-0.23	0.54		0.34	0.34	0.01	0.62	-0.19	0.42
Deferred Long Term Liab	0.83	-0.11	-0.22	0.88	0.9	0.75	0.76	0.93	0.76	0.48	-0.34	0.86	0.53	-0.12	0.36	0.75	-0.72	-0.52	0.9	0.34		0.97	-0.03	0.83	-0.3	0.94
Long Term Investments	0.86	-0.07	-0.23	0.93	0.9	0.82	0.73	0.93	0.78	0.47	-0.34	0.85	0.58	-0.16	0.39	0.81	-0.73	-0.52	0.92	0.34	0.97		-0.02	0.81	-0.28	0.94
Short Long Term Debt	-0.1	-0.22	-0.35	0.06	0.07	-0.12	0.21	-0.24	0.25	-0.42	0.64	-0.03	0.01	-0.37	0.29	0.18	-0.19	-0.21	-0.06	0.01	-0.03	-0.02		-0.03	0.92	-0.2
Total Current Assets	0.78	-0.31	-0.1	0.8	0.9	0.5	0.74	0.83	0.44	0.6	-0.34	0.92	0.13	-0.06	0.17	0.6	-0.62	-0.47	0.96	0.62	0.83	0.81	-0.03		-0.37	0.85
Short Term Debt	-0.34	-0.1	-0.3	-0.19	-0.27	-0.25	-0.07	-0.52	0.08	-0.59	0.72	-0.38	-0.03	-0.33	0.24	0.01	0.05	-0.03	-0.38	-0.19	-0.3	-0.28	0.92	-0.37		-0.5
Non Current Assets Total	0.81	-0.14	-0.11	0.83	0.92	0.74	0.72	0.99	0.68	0.55	-0.47	0.92	0.46	-0.04	0.26	0.66	-0.69	-0.48	0.92	0.42	0.94	0.94	-0.2	0.85	-0.5

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Qingdao Citymedia Account Relationship Matchups

Qingdao Citymedia fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	4.1B	4.2B	4.0B	4.1B	4.4B	3.1B
Other Current Liab	239.5M	254.6M	284.7M	293.2M	15.2M	14.4M
Total Current Liabilities	977.3M	1.2B	996.0M	1.1B	1.1B	1.2B
Total Stockholder Equity	2.8B	2.9B	2.9B	3.0B	3.3B	1.8B
Retained Earnings	1.7B	1.8B	1.9B	2.0B	2.2B	2.3B
Accounts Payable	670.0M	681.7M	606.7M	679.9M	720.1M	506.4M
Cash	1.1B	1.3B	1.1B	1.2B	1.3B	1.4B
Other Assets	796.9M	800.2M	768.8M	738.8M	849.6M	892.1M
Net Receivables	365.7M	416.7M	374.9M	418.1M	433.6M	375.1M
Inventory	497.0M	530.2M	528.9M	531.8M	651.2M	683.7M
Other Current Assets	142.2M	83.3M	82.4M	115.9M	29.0M	27.5M
Total Liab	1.3B	1.3B	1.0B	1.1B	1.1B	1.3B
Intangible Assets	304.7M	291.9M	282.1M	277.4M	260.5M	164.1M
Property Plant Equipment	446.8M	419.6M	418.1M	403.0M	362.7M	344.6M
Other Liab	23.7M	22.7M	19.4M	10.7M	12.4M	11.7M
Net Tangible Assets	2.5B	2.6B	2.6B	2.7B	3.1B	2.4B
Deferred Long Term Liab	13.9M	11.8M	12.8M	10.4M	12.0M	10.3M
Total Current Assets	2.2B	2.3B	2.1B	2.3B	2.5B	2.3B
Non Current Assets Total	1.9B	1.9B	1.8B	1.8B	1.9B	1.9B
Non Currrent Assets Other	7.8M	6.7M	(2.0M)	3.8M	6.9M	9.2M
Non Current Liabilities Total	305.7M	119.6M	29.6M	32.9M	27.1M	25.7M
Non Current Liabilities Other	3.0M	3.4M	3.0M	4.0M	2.0M	2.4M
Net Invested Capital	3.1B	3.0B	2.9B	3.0B	3.3B	3.2B
Net Working Capital	1.2B	1.1B	1.1B	1.3B	1.4B	1.2B

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Other Information on Investing in Qingdao Stock

Balance Sheet is a snapshot of the financial position of Qingdao Citymedia at a specified time, usually calculated after every quarter, six months, or one year. Qingdao Citymedia Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Qingdao Citymedia 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 Other Current Liab Analysis

Cash vs Other Current Liab

Cash vs Other Current Liab Correlation Analysis

Correlation Coefficient

Cash

Other Current Liab

Qingdao Citymedia fundamental ratios Correlations

Qingdao Citymedia Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Qingdao Citymedia fundamental ratios Accounts

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Other Information on Investing in Qingdao Stock

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Non Current Assets Total	+ 0.99	Other Assets
Total Liab	+ 0.97	Total Current Liabilities
Long Term Investments	+ 0.97	Deferred Long Term Liab
Total Current Assets	+ 0.96	Net Tangible Assets
Inventory	+ 0.95	Retained Earnings
Net Tangible Assets	+ 0.94	Retained Earnings

Short Term Investments	- 0.85	Net Receivables
Property Plant Equipment	- 0.83	Retained Earnings
Good Will	- 0.81	Other Current Liab
Property Plant Equipment	- 0.8	Cash
Property Plant Equipment	- 0.78	Common Stock
Property Plant Equipment	- 0.75	Total Stockholder Equity