Zhejiang Net Borrowings vs Change In Cash Analysis

600633 Stock   11.45  0.11  0.97%   
Zhejiang Daily financial indicator trend analysis is more than just analyzing Zhejiang Daily Media current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Zhejiang Daily Media is a good investment. Please check the relationship between Zhejiang Daily Net Borrowings and its Change In Cash accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Zhejiang Daily Media. 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.

Net Borrowings vs Change In Cash

Net Borrowings vs Change In Cash Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Zhejiang Daily Media Net Borrowings account and Change In Cash. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Zhejiang Daily's Net Borrowings and Change In Cash is -0.02. Overlapping area represents the amount of variation of Net Borrowings that can explain the historical movement of Change In Cash in the same time period over historical financial statements of Zhejiang Daily Media, assuming nothing else is changed. The correlation between historical values of Zhejiang Daily's Net Borrowings and Change In Cash is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Borrowings of Zhejiang Daily Media are associated (or correlated) with its Change In Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Change In Cash has no effect on the direction of Net Borrowings i.e., Zhejiang Daily's Net Borrowings and Change In Cash go up and down completely randomly.

Correlation Coefficient

-0.02
Relationship DirectionNegative 
Relationship StrengthInsignificant

Net Borrowings

The difference between the amount of new debt a company has taken on and the amount of debt it has paid off during a given period.

Change In Cash

Most indicators from Zhejiang Daily's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Zhejiang Daily Media 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 Daily Media. 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 390.7 M, whereas Discontinued Operations is projected to grow to (186.6 K).
 2021 2022 2023 2024 (projected)
Operating Income803.9M916.0M796.4M464.4M
Total Revenue3.1B5.2B3.1B1.9B

Zhejiang Daily fundamental ratios Correlations

-0.140.390.310.61-0.070.36-0.060.530.370.940.740.980.930.08-0.510.050.830.440.85-0.17-0.450.65-0.750.16-0.85
-0.140.39-0.290.20.45-0.240.170.450.38-0.07-0.48-0.25-0.410.190.210.15-0.36-0.14-0.410.120.32-0.240.290.090.28
0.390.390.340.510.070.230.20.790.170.390.180.260.18-0.030.14-0.420.15-0.240.110.47-0.320.13-0.210.08-0.1
0.31-0.290.340.620.160.750.020.410.00.270.510.230.210.220.5-0.39-0.02-0.520.170.51-0.370.36-0.38-0.26-0.01
0.610.20.510.620.260.71-0.030.590.30.670.370.50.360.390.22-0.060.14-0.240.290.15-0.090.59-0.450.19-0.31
-0.070.450.070.160.260.060.030.35-0.23-0.22-0.11-0.15-0.25-0.020.310.5-0.29-0.24-0.290.150.09-0.170.22-0.10.3
0.36-0.240.230.750.710.06-0.160.340.190.420.360.290.250.350.34-0.170.02-0.350.130.16-0.190.39-0.24-0.05-0.06
-0.060.170.20.02-0.030.03-0.160.1-0.08-0.06-0.01-0.11-0.10.090.02-0.1-0.12-0.1-0.090.090.05-0.040.03-0.010.1
0.530.450.790.410.590.350.340.10.470.510.260.390.270.250.08-0.020.22-0.060.190.24-0.280.05-0.170.08-0.12
0.370.380.170.00.3-0.230.19-0.080.470.520.090.320.250.5-0.17-0.060.230.20.18-0.12-0.060.05-0.090.12-0.21
0.94-0.070.390.270.67-0.220.42-0.060.510.520.580.910.830.33-0.430.020.70.440.76-0.25-0.270.65-0.690.23-0.79
0.74-0.480.180.510.37-0.110.36-0.010.260.090.580.750.85-0.24-0.24-0.30.760.060.710.2-0.820.5-0.67-0.23-0.61
0.98-0.250.260.230.5-0.150.29-0.110.390.320.910.750.970.0-0.60.070.890.520.91-0.24-0.450.68-0.790.18-0.92
0.93-0.410.180.210.36-0.250.25-0.10.270.250.830.850.97-0.14-0.64-0.030.950.50.91-0.18-0.60.61-0.740.1-0.89
0.080.19-0.030.220.39-0.020.350.090.250.50.33-0.240.0-0.140.260.27-0.310.06-0.09-0.370.510.060.060.080.11
-0.510.210.140.50.220.310.340.020.08-0.17-0.43-0.24-0.6-0.640.26-0.33-0.78-0.83-0.590.570.14-0.170.28-0.270.71
0.050.15-0.42-0.39-0.060.5-0.17-0.1-0.02-0.060.02-0.30.07-0.030.27-0.330.00.540.01-0.740.52-0.120.210.24-0.08
0.83-0.360.15-0.020.14-0.290.02-0.120.220.230.70.760.890.95-0.31-0.780.00.60.87-0.22-0.610.44-0.620.14-0.86
0.44-0.14-0.24-0.52-0.24-0.24-0.35-0.1-0.060.20.440.060.520.50.06-0.830.540.60.55-0.680.110.13-0.220.37-0.61
0.85-0.410.110.170.29-0.290.13-0.090.190.180.760.710.910.91-0.09-0.590.010.870.55-0.25-0.40.75-0.880.28-0.95
-0.170.120.470.510.150.150.160.090.24-0.12-0.250.2-0.24-0.18-0.370.57-0.74-0.22-0.68-0.25-0.52-0.090.0-0.240.35
-0.450.32-0.32-0.37-0.090.09-0.190.05-0.28-0.06-0.27-0.82-0.45-0.60.510.140.52-0.610.11-0.4-0.52-0.10.350.360.28
0.65-0.240.130.360.59-0.170.39-0.040.050.050.650.50.680.610.06-0.17-0.120.440.130.75-0.09-0.1-0.910.29-0.77
-0.750.29-0.21-0.38-0.450.22-0.240.03-0.17-0.09-0.69-0.67-0.79-0.740.060.280.21-0.62-0.22-0.880.00.35-0.91-0.120.85
0.160.090.08-0.260.19-0.1-0.05-0.010.080.120.23-0.230.180.10.08-0.270.240.140.370.28-0.240.360.29-0.12-0.3
-0.850.28-0.1-0.01-0.310.3-0.060.1-0.12-0.21-0.79-0.61-0.92-0.890.110.71-0.08-0.86-0.61-0.950.350.28-0.770.85-0.3
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Zhejiang Daily Account Relationship Matchups

Zhejiang Daily fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets11.2B11.2B11.9B12.2B12.9B13.6B
Other Current Liab868.6M652.7M493.1M4.5M5.7M5.4M
Total Current Liabilities2.1B1.7B1.7B1.4B1.5B905.8M
Accounts Payable125.6M105.7M284.8M458.1M432.8M454.4M
Cash1.6B808.5M841.7M1.2B1.9B2.0B
Other Assets237.3M325.0M290.8M245.3M282.1M437.2M
Net Receivables240.1M210.0M230.9M320.7M596.2M626.0M
Other Current Assets186.2M198.0M215.3M162.3M183.4M126.7M
Total Liab2.1B1.9B2.2B2.1B2.2B1.2B
Intangible Assets1.2B1.0B894.9M816.7M767.5M483.4M
Property Plant Equipment767.4M847.7M1.1B1.7B2.0B2.1B
Total Stockholder Equity8.0B8.4B8.9B9.3B9.9B10.4B
Retained Earnings3.8B4.2B4.7B4.9B5.4B5.7B
Long Term Debt49.7M172.2M258.7M441.1M386.8M337.5M
Inventory8.2M13.8M27.2M18.9M37.8M27.8M
Other Liab690M46.9M2.7M21.5M24.7M23.5M
Good Will4.2B4.2B4.3B4.3B4.3B4.1B
Short Term Investments595.3M1.0B883.7M502.5M309.5M294.0M
Net Tangible Assets2.9B2.6B3.1B3.7B4.3B3.1B
Other Stockholder Equity(217.8M)144.8K(5.0M)(4.6M)(5.3M)(5.6M)
Deferred Long Term Liab72.4M45.2M18.9M23.5M21.2M20.1M
Total Current Assets3.2B2.6B2.3B2.4B3.1B2.2B
Non Current Assets Total8.0B8.6B9.6B9.8B9.8B9.1B
Non Currrent Assets Other265.1M251.9M210.5M211.3M224.2M212.3M
Non Current Liabilities Total60.5M188.7M500.4M666.8M642.9M485.8M
Net Invested Capital8.9B9.2B9.7B9.7B10.3B10.0B
Net Working Capital1.1B855.6M571.6M1.1B1.6B1.1B

Currently Active Assets on Macroaxis

Other Information on Investing in Zhejiang Stock

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