Ming Total Current Liabilities vs Cash Analysis

601615 Stock   11.92  0.69  5.47%   
Ming Yang financial indicator trend analysis is infinitely more than just investigating Ming Yang Smart recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Ming Yang Smart is a good investment. Please check the relationship between Ming Yang Total Current Liabilities and its Cash accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Ming Yang Smart. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Total Current Liabilities vs Cash

Total Current Liabilities vs Cash Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Ming Yang Smart Total Current Liabilities account and Cash. At this time, the significance of the direction appears to have almost identical trend.
CashDiversified AwayTotal Current LiabilitiesCashDiversified Away100%
The correlation between Ming Yang's Total Current Liabilities and Cash is 0.91. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Cash in the same time period over historical financial statements of Ming Yang Smart, assuming nothing else is changed. The correlation between historical values of Ming Yang's Total Current Liabilities and 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 Total Current Liabilities of Ming Yang Smart are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Total Current Liabilities i.e., Ming Yang's Total Current Liabilities and Cash go up and down completely randomly.

Correlation Coefficient

0.91
Relationship DirectionPositive 
Relationship StrengthVery Strong

Total Current Liabilities

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

Cash

Cash refers to the most liquid asset of Ming Yang Smart, which is listed under current asset account on Ming Yang Smart balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Ming Yang customers. The amounts must be unrestricted with restricted cash listed in a different Ming Yang 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.
Most indicators from Ming Yang's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Ming Yang Smart 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 Ming Yang Smart. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
The current year's Tax Provision is expected to grow to about (27.8 M). In addition to that, Selling General Administrative is expected to decline to about 1.4 B
 2022 2023 2024 2025 (projected)
Gross Profit6.1B3.1B3.6B3.6B
Total Revenue30.7B27.9B32.0B18.9B

Ming Yang fundamental ratios Correlations

-0.070.990.910.930.920.910.990.880.890.90.910.790.80.190.870.960.870.050.990.91-0.740.990.75-0.440.98
-0.070.06-0.220.14-0.02-0.21-0.050.36-0.28-0.24-0.14-0.3-0.570.04-0.230.130.20.59-0.010.01-0.370.070.250.27-0.22
0.990.060.880.930.920.890.990.910.860.880.90.750.730.120.840.980.90.080.990.9-0.771.00.8-0.420.94
0.91-0.220.880.840.981.00.890.790.990.990.980.870.730.150.950.870.75-0.060.890.95-0.740.890.7-0.680.89
0.930.140.930.840.90.840.920.920.80.820.840.660.560.350.770.960.790.10.920.91-0.880.940.77-0.330.86
0.92-0.020.920.980.90.980.910.880.950.970.990.820.620.190.920.930.820.010.910.98-0.850.930.8-0.630.86
0.91-0.210.891.00.840.980.90.790.980.990.990.870.730.170.940.870.79-0.080.90.96-0.750.90.75-0.670.89
0.99-0.050.990.890.920.910.90.850.870.90.910.740.790.130.830.970.88-0.050.980.89-0.740.980.81-0.410.94
0.880.360.910.790.920.880.790.850.760.760.80.680.450.240.780.920.850.40.90.89-0.860.940.75-0.40.81
0.89-0.280.860.990.80.950.980.870.760.980.970.930.750.190.980.830.75-0.060.880.94-0.660.870.65-0.730.89
0.9-0.240.880.990.820.970.990.90.760.980.990.830.740.090.920.870.75-0.150.880.93-0.740.880.73-0.660.87
0.91-0.140.90.980.840.990.990.910.80.970.990.830.680.140.910.890.82-0.10.890.96-0.780.90.81-0.660.85
0.79-0.30.750.870.660.820.870.740.680.930.830.830.710.350.980.670.710.130.810.85-0.450.760.5-0.780.84
0.8-0.570.730.730.560.620.730.790.450.750.740.680.71-0.050.710.640.59-0.230.770.58-0.240.720.39-0.40.88
0.190.040.120.150.350.190.170.130.240.190.090.140.35-0.050.30.120.210.20.20.35-0.240.160.23-0.150.2
0.87-0.230.840.950.770.920.940.830.780.980.920.910.980.710.30.790.760.090.880.93-0.610.850.6-0.770.89
0.960.130.980.870.960.930.870.970.920.830.870.890.670.640.120.790.860.040.960.9-0.860.980.82-0.380.89
0.870.20.90.750.790.820.790.880.850.750.750.820.710.590.210.760.860.20.90.82-0.670.90.88-0.380.79
0.050.590.08-0.060.10.01-0.08-0.050.4-0.06-0.15-0.10.13-0.230.20.090.040.20.10.08-0.10.13-0.070.040.05
0.99-0.010.990.890.920.910.90.980.90.880.880.890.810.770.20.880.960.90.10.91-0.730.990.76-0.460.97
0.910.010.90.950.910.980.960.890.890.940.930.960.850.580.350.930.90.820.080.91-0.850.920.79-0.650.86
-0.74-0.37-0.77-0.74-0.88-0.85-0.75-0.74-0.86-0.66-0.74-0.78-0.45-0.24-0.24-0.61-0.86-0.67-0.1-0.73-0.85-0.79-0.810.34-0.62
0.990.071.00.890.940.930.90.980.940.870.880.90.760.720.160.850.980.90.130.990.92-0.790.79-0.430.94
0.750.250.80.70.770.80.750.810.750.650.730.810.50.390.230.60.820.88-0.070.760.79-0.810.79-0.310.62
-0.440.27-0.42-0.68-0.33-0.63-0.67-0.41-0.4-0.73-0.66-0.66-0.78-0.4-0.15-0.77-0.38-0.380.04-0.46-0.650.34-0.43-0.31-0.48
0.98-0.220.940.890.860.860.890.940.810.890.870.850.840.880.20.890.890.790.050.970.86-0.620.940.62-0.48
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Ming Yang Account Relationship Matchups

Ming Yang fundamental ratios Accounts

202020212022202320242025 (projected)
Total Assets51.6B61.5B68.9B83.9B96.4B49.5B
Other Current Liab13.0B11.8B617.9M647.2M744.3M707.0M
Total Current Liabilities27.0B33.3B28.4B37.6B43.2B24.1B
Total Stockholder Equity14.8B18.4B28.1B27.4B31.5B33.1B
Other Liab1.7B2.0B5.1B4.8B5.5B3.2B
Net Tangible Assets3.5B5.6B13.6B17.4B20.0B21.0B
Retained Earnings3.0B5.9B8.2B7.8B9.0B9.4B
Accounts Payable13.1B19.4B17.2B22.5B25.9B13.4B
Cash16.3B14.1B11.2B13.0B14.9B10.3B
Non Current Assets Total18.5B23.9B33.5B40.5B46.6B48.9B
Non Currrent Assets Other5.0B9.5B13.1B13.1B15.0B15.8B
Other Assets3.0B3.4B5.9B10.5B12.0B12.6B
Long Term Debt4.4B4.7B6.6B11.5B13.2B13.9B
Net Receivables3.7B5.9B10.8B13.9B16.0B8.0B
Non Current Liabilities Total9.5B9.7B12.2B17.9B20.5B21.6B
Inventory8.5B9.6B8.0B9.7B11.1B6.0B
Other Current Assets1.3B4.9B1.9B3.6B4.2B2.1B
Other Stockholder Equity42.1M434.1M263.5M43.5M50.0M47.5M
Total Liab36.5B43.0B40.6B55.4B63.7B34.3B
Deferred Long Term Liab171.7M164.6M378.4M439.5M505.4M530.7M
Short Long Term Debt149M98.5M259.5M863.5M777.2M688.1M
Total Current Assets33.1B37.6B35.5B43.4B49.9B28.3B
Non Current Liabilities Other1.0B3.9B1.9B1.7B2.0B1.5B
Intangible Assets1.3B1.2B1.8B2.3B2.6B1.4B
Property Plant Equipment6.2B7.1B10.8B11.3B13.0B7.8B
Common Stock Shares Outstanding1.9B2.0B2.3B2.3B2.6B1.9B
Net Invested Capital19.3B23.2B35.0B39.8B45.7B23.2B
Net Working Capital6.1B4.4B7.1B5.8B6.7B4.7B
Capital Stock1.9B2.0B2.3B2.3B2.6B2.0B
Property Plant And Equipment Net10.8B11.3B16.5B22.6B26.0B15.0B
Property Plant And Equipment Gross12.5B13.3B19.2B25.8B29.7B17.4B

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Other Information on Investing in Ming Stock

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