Guizhou Other Non Cash Items vs Change To Liabilities Analysis

600996 Stock   9.91  0.37  3.60%   
Guizhou BroadcastingTV financial indicator trend analysis is much more than just examining Guizhou BroadcastingTV latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Guizhou BroadcastingTV is a good investment. Please check the relationship between Guizhou BroadcastingTV Other Non Cash Items and its Change To Liabilities accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Guizhou BroadcastingTV Info. 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.

Other Non Cash Items vs Change To Liabilities

Other Non Cash Items vs Change To Liabilities Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Guizhou BroadcastingTV Other Non Cash Items account and Change To Liabilities. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Guizhou BroadcastingTV's Other Non Cash Items and Change To Liabilities is 0.49. Overlapping area represents the amount of variation of Other Non Cash Items that can explain the historical movement of Change To Liabilities in the same time period over historical financial statements of Guizhou BroadcastingTV Info, assuming nothing else is changed. The correlation between historical values of Guizhou BroadcastingTV's Other Non Cash Items and Change To Liabilities is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Non Cash Items of Guizhou BroadcastingTV Info are associated (or correlated) with its Change To Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Change To Liabilities has no effect on the direction of Other Non Cash Items i.e., Guizhou BroadcastingTV's Other Non Cash Items and Change To Liabilities go up and down completely randomly.

Correlation Coefficient

0.49
Relationship DirectionPositive 
Relationship StrengthWeak

Other Non Cash Items

Change To Liabilities

Most indicators from Guizhou BroadcastingTV's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Guizhou BroadcastingTV 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 Guizhou BroadcastingTV Info. 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 205.3 M, whereas Tax Provision is projected to grow to (1.3 M).
 2021 2022 2023 2024 (projected)
Cost Of Revenue2.4B3.3B2.0B1.9B
Research Development21.3M16.6M13.3M12.7M

Guizhou BroadcastingTV fundamental ratios Correlations

-0.080.980.890.880.970.250.90.850.970.860.760.990.70.880.990.370.850.890.980.810.90.90.93-0.950.92
-0.08-0.17-0.06-0.32-0.070.29-0.320.16-0.090.23-0.41-0.07-0.55-0.24-0.060.64-0.06-0.03-0.17-0.30.1-0.34-0.140.28-0.21
0.98-0.170.810.90.940.140.910.760.930.80.820.980.780.850.960.220.770.840.970.850.830.960.93-0.960.91
0.89-0.060.810.70.90.410.730.670.890.840.560.810.520.90.890.590.950.880.820.640.740.680.7-0.780.78
0.88-0.320.90.70.810.081.00.730.810.690.870.90.90.790.84-0.020.720.750.940.830.840.910.93-0.950.92
0.97-0.070.940.90.810.230.850.790.970.880.660.940.630.880.980.440.890.960.940.710.830.830.84-0.920.93
0.250.290.140.410.080.230.10.270.230.380.070.180.050.420.210.420.490.280.13-0.020.230.040.17-0.10.18
0.9-0.320.910.731.00.850.10.760.850.720.860.910.890.80.870.010.750.80.960.820.860.910.94-0.970.95
0.850.160.760.670.730.790.270.760.860.720.50.870.460.620.830.40.690.80.840.550.970.650.86-0.810.83
0.97-0.090.930.890.810.970.230.850.860.830.680.950.640.850.980.410.860.940.950.720.880.830.88-0.930.92
0.860.230.80.840.690.880.380.720.720.830.60.820.50.70.840.60.780.830.820.650.790.70.77-0.760.82
0.76-0.410.820.560.870.660.070.860.50.680.60.770.950.650.68-0.160.510.520.810.930.630.930.85-0.810.75
0.99-0.070.980.810.90.940.180.910.870.950.820.770.720.820.970.290.780.860.980.820.920.920.96-0.960.93
0.7-0.550.780.520.90.630.050.890.460.640.50.950.720.690.65-0.310.530.540.780.810.590.880.8-0.820.77
0.88-0.240.850.90.790.880.420.80.620.850.70.650.820.690.890.280.940.860.830.60.680.750.72-0.840.82
0.99-0.060.960.890.840.980.210.870.830.980.840.680.970.650.890.40.870.930.960.730.870.850.87-0.940.91
0.370.640.220.59-0.020.440.420.010.40.410.6-0.160.29-0.310.280.40.50.460.240.050.360.010.13-0.120.19
0.85-0.060.770.950.720.890.490.750.690.860.780.510.780.530.940.870.50.920.810.50.730.620.66-0.780.81
0.89-0.030.840.880.750.960.280.80.80.940.830.520.860.540.860.930.460.920.880.530.820.680.75-0.870.91
0.98-0.170.970.820.940.940.130.960.840.950.820.810.980.780.830.960.240.810.880.840.910.920.95-0.980.96
0.81-0.30.850.640.830.71-0.020.820.550.720.650.930.820.810.60.730.050.50.530.840.670.940.85-0.80.72
0.90.10.830.740.840.830.230.860.970.880.790.630.920.590.680.870.360.730.820.910.670.740.92-0.870.89
0.9-0.340.960.680.910.830.040.910.650.830.70.930.920.880.750.850.010.620.680.920.940.740.93-0.930.85
0.93-0.140.930.70.930.840.170.940.860.880.770.850.960.80.720.870.130.660.750.950.850.920.93-0.950.92
-0.950.28-0.96-0.78-0.95-0.92-0.1-0.97-0.81-0.93-0.76-0.81-0.96-0.82-0.84-0.94-0.12-0.78-0.87-0.98-0.8-0.87-0.93-0.95-0.97
0.92-0.210.910.780.920.930.180.950.830.920.820.750.930.770.820.910.190.810.910.960.720.890.850.92-0.97
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Guizhou BroadcastingTV Account Relationship Matchups

Guizhou BroadcastingTV fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets15.1B16.2B17.9B18.0B17.3B11.5B
Other Current Liab1.4B1.6B1.9B101.6M100.2M95.2M
Total Current Liabilities5.8B7.2B9.2B9.1B10.1B5.6B
Total Stockholder Equity4.7B4.6B4.1B5.3B4.0B3.7B
Other Liab473.0M597.3M1.1B1.1B1.2B1.3B
Accounts Payable2.9B3.0B3.0B3.2B3.3B2.2B
Cash1.4B581.6M1.5B260.1M555.6M886.6M
Other Assets1.7B2.2B3.0B3.1B3.6B3.8B
Long Term Debt4.1B3.2B2.9B2.1B2.0B1.7B
Net Receivables3.4B2.3B2.6B3.1B3.0B1.8B
Inventory187.4M202.4M265.2M194.2M137.0M167.1M
Other Current Assets202.3M197.1M1.3B1.3B1.1B1.1B
Total Liab10.3B11.5B13.3B12.1B12.7B7.6B
Intangible Assets82.5M89.5M331.8M321.4M433.9M455.6M
Property Plant Equipment6.8B7.6B7.8B7.9B9.1B5.1B
Retained Earnings1.8B1.7B1.2B1.0B(367.2M)(348.9M)
Net Tangible Assets4.3B4.6B4.5B3.8B4.3B4.2B
Deferred Long Term Liab1.2B1.2B1.1B918.4M1.1B973.4M
Non Current Assets Total10.0B11.2B11.7B12.3B11.8B10.4B
Non Currrent Assets Other38.4M71.5M130.7M162.1M92.4M83.8M
Non Current Liabilities Total4.4B4.3B4.0B3.1B2.6B2.9B
Short Long Term Debt1.1B1.8B3.5B3.9B3.7B2.2B
Total Current Assets5.1B5.0B6.2B5.7B5.5B5.1B
Non Current Liabilities Other28.9M25.7M25.4M20.8M15.0M24.6M
Common Stock Shares Outstanding1.1B1.1B1.1B1.2B1.2B1.2B
Net Invested Capital9.5B9.5B10.5B11.3B9.7B9.8B
Net Working Capital(738.1M)(2.2B)(3.0B)(3.3B)(4.5B)(4.3B)
Net Debt3.4B4.4B4.9B5.7B5.2B4.6B
Capital Stock1.1B1.1B1.1B1.2B1.2B1.2B

Currently Active Assets on Macroaxis

Other Information on Investing in Guizhou Stock

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