Guizhou Total Stockholder Equity vs Total Current Liabilities Analysis

600996 Stock

9.84 0.17 1.76%

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 Total Stockholder Equity and its Total Current 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.

Total Stockholder Equity vs Total Current Liabilities

Total Stockholder Equity vs Total Current Liabilities Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Guizhou BroadcastingTV Total Stockholder Equity account and Total Current Liabilities. At this time, the significance of the direction appears to have very strong relationship.

The correlation between Guizhou BroadcastingTV's Total Stockholder Equity and Total Current Liabilities is 0.81. Overlapping area represents the amount of variation of Total Stockholder Equity that can explain the historical movement of Total Current 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 Total Stockholder Equity and Total Current 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 Total Stockholder Equity of Guizhou BroadcastingTV Info are associated (or correlated) with its Total Current Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Liabilities has no effect on the direction of Total Stockholder Equity i.e., Guizhou BroadcastingTV's Total Stockholder Equity and Total Current Liabilities go up and down completely randomly.

Correlation Coefficient

0.81

Relationship Direction	Positive
Relationship Strength	Strong

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Total Stockholder Equity

The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.

Total Current Liabilities

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

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 Revenue	2.4B	3.3B	2.0B	1.9B
Research Development	21.3M	16.6M	13.3M	12.7M

Cost Of Revenue Research Development

Guizhou BroadcastingTV fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Accounts Payable	Cash	Other Assets	Long Term Debt	Net Receivables	Inventory	Other Current Assets	Total Liab	Intangible Assets	Common Stock	Property Plant Equipment	Retained Earnings	Net Tangible Assets	Deferred Long Term Liab	Non Current Assets Total	Non Currrent Assets Other	Non Current Liabilities Total	Short Long Term Debt	Total Current Assets	Non Current Liabilities Other	Short Term Debt
Total Assets		-0.08	0.98	0.89	0.88	0.97	0.25	0.9	0.85	0.97	0.86	0.76	0.99	0.7	0.88	0.99	0.37	0.85	0.89	0.98	0.81	0.9	0.9	0.93	-0.95	0.92
Other Current Liab	-0.08		-0.17	-0.06	-0.32	-0.07	0.29	-0.32	0.16	-0.09	0.23	-0.41	-0.07	-0.55	-0.24	-0.06	0.64	-0.06	-0.03	-0.17	-0.3	0.1	-0.34	-0.14	0.28	-0.21
Total Current Liabilities	0.98	-0.17		0.81	0.9	0.94	0.14	0.91	0.76	0.93	0.8	0.82	0.98	0.78	0.85	0.96	0.22	0.77	0.84	0.97	0.85	0.83	0.96	0.93	-0.96	0.91
Total Stockholder Equity	0.89	-0.06	0.81		0.7	0.9	0.41	0.73	0.67	0.89	0.84	0.56	0.81	0.52	0.9	0.89	0.59	0.95	0.88	0.82	0.64	0.74	0.68	0.7	-0.78	0.78
Other Liab	0.88	-0.32	0.9	0.7		0.81	0.08	1.0	0.73	0.81	0.69	0.87	0.9	0.9	0.79	0.84	-0.02	0.72	0.75	0.94	0.83	0.84	0.91	0.93	-0.95	0.92
Accounts Payable	0.97	-0.07	0.94	0.9	0.81		0.23	0.85	0.79	0.97	0.88	0.66	0.94	0.63	0.88	0.98	0.44	0.89	0.96	0.94	0.71	0.83	0.83	0.84	-0.92	0.93
Cash	0.25	0.29	0.14	0.41	0.08	0.23		0.1	0.27	0.23	0.38	0.07	0.18	0.05	0.42	0.21	0.42	0.49	0.28	0.13	-0.02	0.23	0.04	0.17	-0.1	0.18
Other Assets	0.9	-0.32	0.91	0.73	1.0	0.85	0.1		0.76	0.85	0.72	0.86	0.91	0.89	0.8	0.87	0.01	0.75	0.8	0.96	0.82	0.86	0.91	0.94	-0.97	0.95
Long Term Debt	0.85	0.16	0.76	0.67	0.73	0.79	0.27	0.76		0.86	0.72	0.5	0.87	0.46	0.62	0.83	0.4	0.69	0.8	0.84	0.55	0.97	0.65	0.86	-0.81	0.83
Net Receivables	0.97	-0.09	0.93	0.89	0.81	0.97	0.23	0.85	0.86		0.83	0.68	0.95	0.64	0.85	0.98	0.41	0.86	0.94	0.95	0.72	0.88	0.83	0.88	-0.93	0.92
Inventory	0.86	0.23	0.8	0.84	0.69	0.88	0.38	0.72	0.72	0.83		0.6	0.82	0.5	0.7	0.84	0.6	0.78	0.83	0.82	0.65	0.79	0.7	0.77	-0.76	0.82
Other Current Assets	0.76	-0.41	0.82	0.56	0.87	0.66	0.07	0.86	0.5	0.68	0.6		0.77	0.95	0.65	0.68	-0.16	0.51	0.52	0.81	0.93	0.63	0.93	0.85	-0.81	0.75
Total Liab	0.99	-0.07	0.98	0.81	0.9	0.94	0.18	0.91	0.87	0.95	0.82	0.77		0.72	0.82	0.97	0.29	0.78	0.86	0.98	0.82	0.92	0.92	0.96	-0.96	0.93
Intangible Assets	0.7	-0.55	0.78	0.52	0.9	0.63	0.05	0.89	0.46	0.64	0.5	0.95	0.72		0.69	0.65	-0.31	0.53	0.54	0.78	0.81	0.59	0.88	0.8	-0.82	0.77
Common Stock	0.88	-0.24	0.85	0.9	0.79	0.88	0.42	0.8	0.62	0.85	0.7	0.65	0.82	0.69		0.89	0.28	0.94	0.86	0.83	0.6	0.68	0.75	0.72	-0.84	0.82
Property Plant Equipment	0.99	-0.06	0.96	0.89	0.84	0.98	0.21	0.87	0.83	0.98	0.84	0.68	0.97	0.65	0.89		0.4	0.87	0.93	0.96	0.73	0.87	0.85	0.87	-0.94	0.91
Retained Earnings	0.37	0.64	0.22	0.59	-0.02	0.44	0.42	0.01	0.4	0.41	0.6	-0.16	0.29	-0.31	0.28	0.4		0.5	0.46	0.24	0.05	0.36	0.01	0.13	-0.12	0.19
Net Tangible Assets	0.85	-0.06	0.77	0.95	0.72	0.89	0.49	0.75	0.69	0.86	0.78	0.51	0.78	0.53	0.94	0.87	0.5		0.92	0.81	0.5	0.73	0.62	0.66	-0.78	0.81
Deferred Long Term Liab	0.89	-0.03	0.84	0.88	0.75	0.96	0.28	0.8	0.8	0.94	0.83	0.52	0.86	0.54	0.86	0.93	0.46	0.92		0.88	0.53	0.82	0.68	0.75	-0.87	0.91
Non Current Assets Total	0.98	-0.17	0.97	0.82	0.94	0.94	0.13	0.96	0.84	0.95	0.82	0.81	0.98	0.78	0.83	0.96	0.24	0.81	0.88		0.84	0.91	0.92	0.95	-0.98	0.96
Non Currrent Assets Other	0.81	-0.3	0.85	0.64	0.83	0.71	-0.02	0.82	0.55	0.72	0.65	0.93	0.82	0.81	0.6	0.73	0.05	0.5	0.53	0.84		0.67	0.94	0.85	-0.8	0.72
Non Current Liabilities Total	0.9	0.1	0.83	0.74	0.84	0.83	0.23	0.86	0.97	0.88	0.79	0.63	0.92	0.59	0.68	0.87	0.36	0.73	0.82	0.91	0.67		0.74	0.92	-0.87	0.89
Short Long Term Debt	0.9	-0.34	0.96	0.68	0.91	0.83	0.04	0.91	0.65	0.83	0.7	0.93	0.92	0.88	0.75	0.85	0.01	0.62	0.68	0.92	0.94	0.74		0.93	-0.93	0.85
Total Current Assets	0.93	-0.14	0.93	0.7	0.93	0.84	0.17	0.94	0.86	0.88	0.77	0.85	0.96	0.8	0.72	0.87	0.13	0.66	0.75	0.95	0.85	0.92	0.93		-0.95	0.92
Non Current Liabilities Other	-0.95	0.28	-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
Short Term Debt	0.92	-0.21	0.91	0.78	0.92	0.93	0.18	0.95	0.83	0.92	0.82	0.75	0.93	0.77	0.82	0.91	0.19	0.81	0.91	0.96	0.72	0.89	0.85	0.92	-0.97

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Guizhou BroadcastingTV Account Relationship Matchups

Guizhou BroadcastingTV fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	15.1B	16.2B	17.9B	18.0B	17.3B	11.5B
Other Current Liab	1.4B	1.6B	1.9B	101.6M	100.2M	95.2M
Total Current Liabilities	5.8B	7.2B	9.2B	9.1B	10.1B	5.6B
Total Stockholder Equity	4.7B	4.6B	4.1B	5.3B	4.0B	3.7B
Other Liab	473.0M	597.3M	1.1B	1.1B	1.2B	1.3B
Accounts Payable	2.9B	3.0B	3.0B	3.2B	3.3B	2.2B
Cash	1.4B	581.6M	1.5B	260.1M	555.6M	886.6M
Other Assets	1.7B	2.2B	3.0B	3.1B	3.6B	3.8B
Long Term Debt	4.1B	3.2B	2.9B	2.1B	2.0B	1.7B
Net Receivables	3.4B	2.3B	2.6B	3.1B	3.0B	1.8B
Inventory	187.4M	202.4M	265.2M	194.2M	137.0M	167.1M
Other Current Assets	202.3M	197.1M	1.3B	1.3B	1.1B	1.1B
Total Liab	10.3B	11.5B	13.3B	12.1B	12.7B	7.6B
Intangible Assets	82.5M	89.5M	331.8M	321.4M	433.9M	455.6M
Property Plant Equipment	6.8B	7.6B	7.8B	7.9B	9.1B	5.1B
Retained Earnings	1.8B	1.7B	1.2B	1.0B	(367.2M)	(348.9M)
Net Tangible Assets	4.3B	4.6B	4.5B	3.8B	4.3B	4.2B
Deferred Long Term Liab	1.2B	1.2B	1.1B	918.4M	1.1B	973.4M
Non Current Assets Total	10.0B	11.2B	11.7B	12.3B	11.8B	10.4B
Non Currrent Assets Other	38.4M	71.5M	130.7M	162.1M	92.4M	83.8M
Non Current Liabilities Total	4.4B	4.3B	4.0B	3.1B	2.6B	2.9B
Short Long Term Debt	1.1B	1.8B	3.5B	3.9B	3.7B	2.2B
Total Current Assets	5.1B	5.0B	6.2B	5.7B	5.5B	5.1B
Non Current Liabilities Other	28.9M	25.7M	25.4M	20.8M	15.0M	24.6M
Common Stock Shares Outstanding	1.1B	1.1B	1.1B	1.2B	1.2B	1.2B
Net Invested Capital	9.5B	9.5B	10.5B	11.3B	9.7B	9.8B
Net Working Capital	(738.1M)	(2.2B)	(3.0B)	(3.3B)	(4.5B)	(4.3B)
Net Debt	3.4B	4.4B	4.9B	5.7B	5.2B	4.6B
Capital Stock	1.1B	1.1B	1.1B	1.2B	1.2B	1.2B

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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.

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Guizhou Total Stockholder Equity vs Total Current Liabilities Analysis

Total Stockholder Equity vs Total Current Liabilities

Total Stockholder Equity vs Total Current Liabilities Correlation Analysis

Correlation Coefficient

Total Stockholder Equity

Total Current Liabilities

Guizhou BroadcastingTV fundamental ratios Correlations

Guizhou BroadcastingTV Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Guizhou BroadcastingTV fundamental ratios Accounts

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Other Information on Investing in Guizhou Stock

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Other Assets	+ 1.0	Other Liab
Total Liab	+ 0.99	Total Assets
Property Plant Equipment	+ 0.99	Total Assets
Total Current Liabilities	+ 0.98	Total Assets
Non Current Assets Total	+ 0.98	Total Assets
Total Liab	+ 0.98	Total Current Liabilities

Non Current Liabilities Other	- 0.98	Non Current Assets Total
Short Term Debt	- 0.97	Non Current Liabilities Other
Non Current Liabilities Other	- 0.97	Other Assets
Non Current Liabilities Other	- 0.96	Total Liab
Non Current Liabilities Other	- 0.96	Total Current Liabilities
Non Current Liabilities Other	- 0.95	Total Current Assets