Zhejiang Total Current Liabilities vs Deferred Long Term Liab Analysis

600352 Stock   10.50  0.04  0.38%   
Zhejiang Longsheng financial indicator trend analysis is more than just analyzing Zhejiang Longsheng current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Zhejiang Longsheng is a good investment. Please check the relationship between Zhejiang Longsheng Total Current Liabilities and its Deferred Long Term Liab accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Zhejiang Longsheng Group. 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 Deferred Long Term Liab

Total Current Liabilities vs Deferred Long Term Liab Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Zhejiang Longsheng Total Current Liabilities account and Deferred Long Term Liab. At this time, the significance of the direction appears to have strong contrarian relationship.
Total Current LiabilitiesDeferred Long Term LiabDiversified AwayTotal Current LiabilitiesDeferred Long Term LiabDiversified Away100%
The correlation between Zhejiang Longsheng's Total Current Liabilities and Deferred Long Term Liab is -0.55. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Deferred Long Term Liab in the same time period over historical financial statements of Zhejiang Longsheng Group, assuming nothing else is changed. The correlation between historical values of Zhejiang Longsheng's Total Current Liabilities and Deferred Long Term 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 Total Current Liabilities of Zhejiang Longsheng Group are associated (or correlated) with its Deferred Long Term Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Deferred Long Term Liab has no effect on the direction of Total Current Liabilities i.e., Zhejiang Longsheng's Total Current Liabilities and Deferred Long Term Liab go up and down completely randomly.

Correlation Coefficient

-0.55
Relationship DirectionNegative 
Relationship StrengthVery Weak

Total Current Liabilities

Total Current Liabilities is an item on Zhejiang Longsheng balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Zhejiang Longsheng Group 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.

Deferred Long Term Liab

Liabilities that are due after more than one year, including deferred tax liabilities and deferred revenue.
Most indicators from Zhejiang Longsheng's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Zhejiang Longsheng 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 Zhejiang Longsheng Group. 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 980.4 M, whereas Tax Provision is forecasted to decline to about 205.5 M.
 2021 2022 2023 2024 (projected)
Operating Income3.7B4.1B2.1B2.1B
Total Revenue16.7B21.2B15.3B10.7B

Zhejiang Longsheng fundamental ratios Correlations

0.640.940.980.970.770.880.96-0.020.990.650.980.660.90.890.950.70.620.440.85-0.72-0.430.920.910.950.89
0.640.720.610.60.570.630.47-0.120.610.790.660.230.480.590.550.450.290.130.57-0.81-0.520.530.710.630.54
0.940.720.950.950.760.930.88-0.210.910.640.90.460.780.870.830.840.350.250.87-0.75-0.550.780.870.90.74
0.980.610.951.00.80.910.94-0.110.960.610.930.60.870.90.920.760.490.30.9-0.7-0.450.860.870.930.82
0.970.60.951.00.80.90.93-0.170.960.610.910.570.830.860.90.770.470.280.92-0.72-0.440.870.880.950.82
0.770.570.760.80.80.60.64-0.110.740.70.710.550.60.690.70.540.360.190.85-0.68-0.390.720.750.790.67
0.880.630.930.910.90.60.89-0.280.860.440.820.350.790.840.80.840.290.20.83-0.62-0.540.740.760.830.69
0.960.470.880.940.930.640.89-0.030.970.480.940.620.90.850.940.70.620.470.81-0.55-0.350.910.820.910.86
-0.02-0.12-0.21-0.11-0.17-0.11-0.28-0.03-0.050.110.070.380.180.150.05-0.430.470.25-0.360.290.58-0.02-0.22-0.170.04
0.990.610.910.960.960.740.860.97-0.050.640.980.660.870.830.950.670.670.50.85-0.72-0.410.950.930.970.93
0.650.790.640.610.610.70.440.480.110.640.680.440.50.520.570.260.490.170.6-0.7-0.140.620.710.690.62
0.980.660.90.930.910.710.820.940.070.980.680.70.90.850.950.620.730.570.78-0.71-0.410.930.910.940.93
0.660.230.460.60.570.550.350.620.380.660.440.70.750.550.760.160.790.680.45-0.38-0.180.730.620.610.73
0.90.480.780.870.830.60.790.90.180.870.50.90.750.870.930.550.690.550.64-0.51-0.350.820.740.780.8
0.890.590.870.90.860.690.840.850.150.830.520.850.550.870.840.670.440.280.7-0.54-0.370.70.680.750.68
0.950.550.830.920.90.70.80.940.050.950.570.950.760.930.840.530.730.620.75-0.6-0.450.940.860.890.89
0.70.450.840.760.770.540.840.7-0.430.670.260.620.160.550.670.530.01-0.030.75-0.59-0.560.490.610.680.44
0.620.290.350.490.470.360.290.620.470.670.490.730.790.690.440.730.010.810.33-0.360.00.770.60.610.82
0.440.130.250.30.280.190.20.470.250.50.170.570.680.550.280.62-0.030.810.13-0.2-0.310.610.510.410.66
0.850.570.870.90.920.850.830.81-0.360.850.60.780.450.640.70.750.750.330.13-0.71-0.420.830.820.930.76
-0.72-0.81-0.75-0.7-0.72-0.68-0.62-0.550.29-0.72-0.7-0.71-0.38-0.51-0.54-0.6-0.59-0.36-0.2-0.710.56-0.62-0.88-0.77-0.7
-0.43-0.52-0.55-0.45-0.44-0.39-0.54-0.350.58-0.41-0.14-0.41-0.18-0.35-0.37-0.45-0.560.0-0.31-0.420.56-0.35-0.56-0.4-0.3
0.920.530.780.860.870.720.740.91-0.020.950.620.930.730.820.70.940.490.770.610.83-0.62-0.350.890.950.96
0.910.710.870.870.880.750.760.82-0.220.930.710.910.620.740.680.860.610.60.510.82-0.88-0.560.890.940.91
0.950.630.90.930.950.790.830.91-0.170.970.690.940.610.780.750.890.680.610.410.93-0.77-0.40.950.940.92
0.890.540.740.820.820.670.690.860.040.930.620.930.730.80.680.890.440.820.660.76-0.7-0.30.960.910.92
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Zhejiang Longsheng Account Relationship Matchups

Zhejiang Longsheng fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets51.6B56.3B65.7B65.2B67.8B71.2B
Other Current Liab2.1B5.8B7.9B2.4B4.9B5.1B
Total Current Liabilities10.8B18.3B23.1B24.2B23.9B25.1B
Total Stockholder Equity24.5B27.7B30.4B32.2B32.9B34.6B
Retained Earnings20.3B23.6B26.2B28.4B28.0B29.4B
Accounts Payable3.7B3.6B4.5B4.5B3.6B1.9B
Cash4.0B6.6B6.9B6.9B10.9B11.4B
Other Assets4.4B3.9B4.1B5.6B6.4B6.7B
Net Receivables7.1B2.3B2.4B2.3B2.0B3.0B
Inventory22.6B23.8B28.2B28.6B29.3B30.8B
Other Current Assets915.9M1.5B1.7B1.1B917.5M679.2M
Total Liab24.8B26.2B32.8B30.4B32.1B33.7B
Intangible Assets790.5M734.6M686.6M693.0M654.4M345.1M
Property Plant Equipment6.8B6.9B7.2B7.5B8.6B9.0B
Other Liab880.8M979.7M910.0M859.3M988.2M1.0B
Short Term Investments52.9M39.0M1.3B1.4B1.5B1.5B
Long Term Debt13.1B6.9B8.6B5.2B7.2B5.5B
Good Will155.1M145.1M141.8M154.9M135.1M137.6M
Net Tangible Assets23.6B26.8B29.5B31.3B36.0B23.9B
Other Stockholder Equity135.6M(211.8M)(546.6M)(94.6M)(85.1M)(80.9M)
Deferred Long Term Liab47.9M30.0M21.0M32.9M29.6M27.7M
Short Long Term Debt3.4B7.1B8.3B7.1B6.3B5.9B
Total Current Assets34.8B38.2B44.0B43.3B47.0B38.6B
Non Current Assets Total16.8B18.1B21.7B21.9B20.8B20.0B
Non Currrent Assets Other286.6M220.1M149.3M72.2M41.2M39.1M
Non Current Liabilities Total13.9B7.9B9.6B6.2B8.2B8.8B
Non Current Liabilities Other49.7M45.5M60.1M61.9M140.9M148.0M
Net Debt12.4B7.3B10.1B5.4B2.6B2.5B
Net Invested Capital41.0B41.7B47.3B44.5B46.4B46.8B
Net Working Capital23.9B19.8B20.9B19.1B23.1B23.1B

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Other Information on Investing in Zhejiang Stock

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