China Net Borrowings vs Depreciation Analysis

601881 Stock

15.80 0.03 0.19%

China Galaxy financial indicator trend analysis is way more than just evaluating China Galaxy Securities prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether China Galaxy Securities is a good investment. Please check the relationship between China Galaxy Net Borrowings and its Depreciation accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in China Galaxy Securities. 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 Depreciation

Net Borrowings vs Depreciation Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of China Galaxy Securities Net Borrowings account and Depreciation. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between China Galaxy's Net Borrowings and Depreciation is -0.38. Overlapping area represents the amount of variation of Net Borrowings that can explain the historical movement of Depreciation in the same time period over historical financial statements of China Galaxy Securities, assuming nothing else is changed. The correlation between historical values of China Galaxy's Net Borrowings and Depreciation 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 China Galaxy Securities are associated (or correlated) with its Depreciation. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Depreciation has no effect on the direction of Net Borrowings i.e., China Galaxy's Net Borrowings and Depreciation go up and down completely randomly.

Correlation Coefficient

-0.38

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

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.

Depreciation

Depreciation indicates how much of China Galaxy Securities value has been used up. For tax purposes China Galaxy can deduct the cost of the tangible assets it purchases as business expenses. However, China Galaxy Securities must depreciate these assets in accordance with IRS rules about how and when the deduction may be taken, and how long it will last. The systematic allocation of the cost of a tangible asset over its useful life.

Most indicators from China Galaxy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into China Galaxy Securities 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 China Galaxy Securities. 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.

As of December 26, 2024, Selling General Administrative is expected to decline to about 1.2 B. In addition to that, Tax Provision is expected to decline to about 237.2 M

	2023	2024 (projected)
Gross Profit	15.2B	12.3B
Total Revenue	18.6B	19.0B

Gross Profit Total Revenue

China Galaxy fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Retained Earnings	Accounts Payable	Cash	Other Assets	Long Term Debt	Net Receivables	Good Will	Short Term Investments	Other Current Assets	Other Stockholder Equity	Total Liab	Long Term Investments	Short Long Term Debt	Total Current Assets	Short Term Debt	Intangible Assets	Common Stock	Property Plant Equipment	Net Debt	Common Stock Shares Outstanding
Total Assets		0.85	0.97	0.95	0.88	0.96	0.72	0.76	0.78	0.73	0.6	0.91	0.96	0.63	0.81	0.91	1.0	0.96	0.77	0.99	0.77	0.97	0.7	0.87	0.64	0.46
Other Current Liab	0.85		0.78	0.87	0.98	0.84	0.59	0.56	0.71	0.72	0.51	0.69	0.83	0.49	0.64	0.96	0.84	0.85	0.66	0.81	0.66	0.86	0.82	0.91	0.84	0.8
Total Current Liabilities	0.97	0.78		0.89	0.79	0.89	0.61	0.82	0.78	0.72	0.49	0.93	0.9	0.53	0.85	0.83	0.98	0.89	0.72	0.99	0.72	0.91	0.63	0.8	0.6	0.41
Total Stockholder Equity	0.95	0.87	0.89		0.89	0.99	0.66	0.52	0.65	0.71	0.74	0.8	0.94	0.75	0.75	0.91	0.93	0.98	0.88	0.93	0.88	0.98	0.87	0.89	0.72	0.58
Other Liab	0.88	0.98	0.79	0.89		0.87	0.65	0.6	0.73	0.67	0.53	0.74	0.88	0.51	0.61	0.99	0.87	0.86	0.66	0.84	0.66	0.89	0.79	0.91	0.75	0.75
Net Tangible Assets	0.96	0.84	0.89	0.99	0.87		0.73	0.54	0.65	0.71	0.76	0.81	0.96	0.78	0.76	0.9	0.94	0.99	0.88	0.93	0.88	0.99	0.82	0.88	0.68	0.49
Retained Earnings	0.72	0.59	0.61	0.66	0.65	0.73		0.48	0.4	0.61	0.62	0.59	0.79	0.65	0.6	0.72	0.73	0.78	0.62	0.63	0.62	0.76	0.41	0.73	0.46	0.14
Accounts Payable	0.76	0.56	0.82	0.52	0.6	0.54	0.48		0.79	0.5	0.0	0.87	0.66	0.06	0.66	0.65	0.79	0.55	0.26	0.78	0.26	0.61	0.16	0.54	0.27	0.2
Cash	0.78	0.71	0.78	0.65	0.73	0.65	0.4	0.79		0.54	0.14	0.75	0.68	0.14	0.66	0.71	0.79	0.65	0.32	0.79	0.32	0.65	0.37	0.48	0.32	0.35
Other Assets	0.73	0.72	0.72	0.71	0.67	0.71	0.61	0.5	0.54		0.54	0.67	0.6	0.54	0.92	0.71	0.72	0.74	0.66	0.69	0.66	0.69	0.67	0.71	0.63	0.55
Long Term Debt	0.6	0.51	0.49	0.74	0.53	0.76	0.62	0.0	0.14	0.54		0.42	0.64	0.99	0.45	0.56	0.56	0.74	0.81	0.56	0.81	0.71	0.77	0.64	0.54	0.31
Net Receivables	0.91	0.69	0.93	0.8	0.74	0.81	0.59	0.87	0.75	0.67	0.42		0.83	0.44	0.81	0.8	0.92	0.78	0.56	0.92	0.56	0.82	0.52	0.72	0.4	0.37
Good Will	0.96	0.83	0.9	0.94	0.88	0.96	0.79	0.66	0.68	0.6	0.64	0.83		0.67	0.68	0.91	0.96	0.96	0.79	0.94	0.79	0.98	0.69	0.88	0.63	0.41
Short Term Investments	0.63	0.49	0.53	0.75	0.51	0.78	0.65	0.06	0.14	0.54	0.99	0.44	0.67		0.49	0.56	0.6	0.76	0.86	0.6	0.86	0.74	0.74	0.64	0.53	0.25
Other Current Assets	0.81	0.64	0.85	0.75	0.61	0.76	0.6	0.66	0.66	0.92	0.45	0.81	0.68	0.49		0.67	0.81	0.78	0.67	0.8	0.67	0.74	0.55	0.65	0.48	0.34
Other Stockholder Equity	0.91	0.96	0.83	0.91	0.99	0.9	0.72	0.65	0.71	0.71	0.56	0.8	0.91	0.56	0.67		0.91	0.89	0.71	0.87	0.71	0.92	0.78	0.93	0.72	0.71
Total Liab	1.0	0.84	0.98	0.93	0.87	0.94	0.73	0.79	0.79	0.72	0.56	0.92	0.96	0.6	0.81	0.91		0.94	0.74	0.99	0.74	0.96	0.66	0.85	0.62	0.44
Long Term Investments	0.96	0.85	0.89	0.98	0.86	0.99	0.78	0.55	0.65	0.74	0.74	0.78	0.96	0.76	0.78	0.89	0.94		0.88	0.92	0.88	0.99	0.79	0.89	0.7	0.47
Short Long Term Debt	0.77	0.66	0.72	0.88	0.66	0.88	0.62	0.26	0.32	0.66	0.81	0.56	0.79	0.86	0.67	0.71	0.74	0.88		0.76	1.0	0.86	0.83	0.79	0.68	0.44
Total Current Assets	0.99	0.81	0.99	0.93	0.84	0.93	0.63	0.78	0.79	0.69	0.56	0.92	0.94	0.6	0.8	0.87	0.99	0.92	0.76		0.76	0.95	0.68	0.82	0.6	0.44
Short Term Debt	0.77	0.66	0.72	0.88	0.66	0.88	0.62	0.26	0.32	0.66	0.81	0.56	0.79	0.86	0.67	0.71	0.74	0.88	1.0	0.76		0.86	0.83	0.79	0.68	0.44
Intangible Assets	0.97	0.86	0.91	0.98	0.89	0.99	0.76	0.61	0.65	0.69	0.71	0.82	0.98	0.74	0.74	0.92	0.96	0.99	0.86	0.95	0.86		0.79	0.92	0.71	0.5
Common Stock	0.7	0.82	0.63	0.87	0.79	0.82	0.41	0.16	0.37	0.67	0.77	0.52	0.69	0.74	0.55	0.78	0.66	0.79	0.83	0.68	0.83	0.79		0.82	0.8	0.81
Property Plant Equipment	0.87	0.91	0.8	0.89	0.91	0.88	0.73	0.54	0.48	0.71	0.64	0.72	0.88	0.64	0.65	0.93	0.85	0.89	0.79	0.82	0.79	0.92	0.82		0.86	0.69
Net Debt	0.64	0.84	0.6	0.72	0.75	0.68	0.46	0.27	0.32	0.63	0.54	0.4	0.63	0.53	0.48	0.72	0.62	0.7	0.68	0.6	0.68	0.71	0.8	0.86		0.75
Common Stock Shares Outstanding	0.46	0.8	0.41	0.58	0.75	0.49	0.14	0.2	0.35	0.55	0.31	0.37	0.41	0.25	0.34	0.71	0.44	0.47	0.44	0.44	0.44	0.5	0.81	0.69	0.75

Click cells to compare fundamentals

China Galaxy Account Relationship Matchups

High Positive Relationship

Total Liab	+ 1.0	Total Assets
Short Term Debt	+ 1.0	Short Long Term Debt
Total Current Assets	+ 0.99	Total Assets
Total Current Assets	+ 0.99	Total Current Liabilities
Net Tangible Assets	+ 0.99	Total Stockholder Equity
Other Stockholder Equity	+ 0.99	Other Liab

High Negative Relationship

Long Term Debt

- 0.0

Accounts Payable

China Galaxy fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	315.7B	445.7B	560.1B	625.2B	663.2B	447.7B
Other Current Liab	3.1B	8.5B	16.6B	33.6B	38.7B	40.6B
Total Current Liabilities	209.6B	305.2B	331.1B	374.9B	431.1B	256.3B
Total Stockholder Equity	70.9B	81.3B	99.0B	102.6B	130.5B	89.2B
Other Liab	780.6M	6.4B	24.9B	30.1B	34.6B	36.3B
Net Tangible Assets	70.0B	80.3B	97.2B	100.8B	115.9B	81.3B
Retained Earnings	34.9B	40.6B	48.1B	51.6B	30.3B	38.8B
Accounts Payable	76.7B	114.4B	133.7B	137.6B	120.3B	107.9B
Cash	22.0B	109.5B	129.9B	176.1B	166.6B	116.8B
Other Assets	1.7B	49.6B	9.3B	28.4B	32.7B	34.3B
Net Receivables	64.5B	94.8B	108.3B	94.8B	109.0B	83.5B
Good Will	439.5M	426.5M	1.0B	1.0B	1.0B	592.4M
Other Current Assets	24.8B	76.0B	44.0B	55.9B	64.3B	40.9B
Other Stockholder Equity	802.5M	5.3B	15.7B	15.8B	18.2B	19.1B
Total Liab	243.7B	363.7B	461.2B	522.6B	532.7B	358.1B
Long Term Investments	123.0B	186.6B	258.8B	325.0B	359.7B	185.1B
Total Current Assets	260.3B	349.4B	425.9B	461.5B	530.8B	327.8B
Intangible Assets	493.5M	525.1M	704.8M	750.3M	820.5M	585.4M
Property Plant Equipment	1.7B	1.3B	2.0B	2.3B	2.6B	2.7B
Net Debt	65.4B	28.0B	9.5B	74.0B	85.1B	89.3B
Net Invested Capital	166.5B	218.8B	238.4B	255.0B	274.4B	230.9B

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Other Information on Investing in China Stock

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

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