China Total Current Liabilities vs Non Current Assets Total Analysis

603993 Stock   6.99  0.08  1.13%   
China Molybdenum financial indicator trend analysis is way more than just evaluating China Molybdenum prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether China Molybdenum is a good investment. Please check the relationship between China Molybdenum Total Current Liabilities and its Non Current Assets Total accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in China Molybdenum Co. 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 Current Liabilities vs Non Current Assets Total

Total Current Liabilities vs Non Current Assets Total Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of China Molybdenum Total Current Liabilities account and Non Current Assets Total. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between China Molybdenum's Total Current Liabilities and Non Current Assets Total is 0.47. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Non Current Assets Total in the same time period over historical financial statements of China Molybdenum Co, assuming nothing else is changed. The correlation between historical values of China Molybdenum's Total Current Liabilities and Non Current Assets Total 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 China Molybdenum Co are associated (or correlated) with its Non Current Assets Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Assets Total has no effect on the direction of Total Current Liabilities i.e., China Molybdenum's Total Current Liabilities and Non Current Assets Total go up and down completely randomly.

Correlation Coefficient

0.47
Relationship DirectionPositive 
Relationship StrengthWeak

Total Current Liabilities

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

Non Current Assets Total

The total value of a company's long-term assets, which are not expected to be converted into cash or used up within one year or the operating cycle, including property, plant, and equipment, and intangible assets.
Most indicators from China Molybdenum's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into China Molybdenum 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 Molybdenum Co. 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.
At present, China Molybdenum's Tax Provision is projected to increase significantly based on the last few years of reporting. The current year's Issuance Of Capital Stock is expected to grow to about 1.2 B, whereas Selling General Administrative is forecasted to decline to about 493.2 M.
 2021 2022 2023 2024 (projected)
Income Before Tax8.8B9.8B13.2B13.9B
Cost Of Revenue157.5B156.9B168.4B176.9B

China Molybdenum fundamental ratios Correlations

0.940.950.970.950.940.750.920.99-0.010.760.940.491.00.410.920.980.740.670.030.690.740.820.920.880.43
0.940.940.920.970.990.680.850.93-0.270.810.970.430.940.110.780.940.50.810.10.810.710.850.910.910.65
0.950.940.890.90.920.820.820.93-0.290.870.980.650.970.330.830.90.570.69-0.150.730.780.930.950.970.47
0.970.920.890.930.940.650.950.950.060.760.90.390.940.310.920.950.680.770.10.680.670.760.890.840.41
0.950.970.90.930.970.690.90.95-0.110.70.920.340.950.190.810.970.590.760.150.790.680.780.890.830.61
0.940.990.920.940.970.670.880.92-0.20.80.940.360.930.080.790.930.490.840.130.810.710.820.890.880.64
0.750.680.820.650.690.670.680.71-0.250.580.790.780.790.510.660.660.540.42-0.310.710.680.810.850.720.31
0.920.850.820.950.90.880.680.90.140.590.810.360.90.380.90.90.710.710.090.650.560.650.850.690.35
0.990.930.930.950.950.920.710.90.020.730.920.440.990.420.910.990.760.620.060.660.760.80.890.860.43
-0.01-0.27-0.290.06-0.11-0.2-0.250.140.02-0.38-0.32-0.37-0.070.440.190.040.48-0.310.24-0.43-0.27-0.45-0.24-0.39-0.53
0.760.810.870.760.70.80.580.590.73-0.380.870.510.770.050.670.70.320.7-0.190.60.670.880.770.930.42
0.940.970.980.90.920.940.790.810.92-0.320.870.60.950.220.770.90.510.77-0.040.790.760.920.950.970.55
0.490.430.650.390.340.360.780.360.44-0.370.510.60.550.590.410.370.380.23-0.470.350.490.650.650.62-0.01
1.00.940.970.940.950.930.790.90.99-0.070.770.950.550.430.90.970.720.65-0.020.70.760.850.930.890.43
0.410.110.330.310.190.080.510.380.420.440.050.220.590.430.530.350.8-0.25-0.33-0.080.310.220.340.19-0.45
0.920.780.830.920.810.790.660.90.910.190.670.770.410.90.530.880.780.52-0.030.490.640.680.790.730.2
0.980.940.90.950.970.930.660.90.990.040.70.90.370.970.350.880.740.650.170.690.720.760.870.830.49
0.740.50.570.680.590.490.540.710.760.480.320.510.380.720.80.780.740.130.050.310.560.450.610.440.01
0.670.810.690.770.760.840.420.710.62-0.310.70.770.230.65-0.250.520.650.130.210.750.440.640.740.720.6
0.030.1-0.150.10.150.13-0.310.090.060.24-0.19-0.04-0.47-0.02-0.33-0.030.170.050.210.15-0.09-0.26-0.09-0.110.44
0.690.810.730.680.790.810.710.650.66-0.430.60.790.350.7-0.080.490.690.310.750.150.690.810.840.710.84
0.740.710.780.670.680.710.680.560.76-0.270.670.760.490.760.310.640.720.560.44-0.090.690.830.760.790.5
0.820.850.930.760.780.820.810.650.8-0.450.880.920.650.850.220.680.760.450.64-0.260.810.830.920.940.53
0.920.910.950.890.890.890.850.850.89-0.240.770.950.650.930.340.790.870.610.74-0.090.840.760.920.90.5
0.880.910.970.840.830.880.720.690.86-0.390.930.970.620.890.190.730.830.440.72-0.110.710.790.940.90.5
0.430.650.470.410.610.640.310.350.43-0.530.420.55-0.010.43-0.450.20.490.010.60.440.840.50.530.50.5
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China Molybdenum Account Relationship Matchups

China Molybdenum fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets116.9B122.4B137.4B165.0B173.0B181.6B
Other Current Liab7.6B11.6B12.8B18.1B20.8B21.8B
Total Current Liabilities34.6B42.4B50.7B50.1B49.0B51.4B
Total Stockholder Equity40.8B38.9B39.8B51.7B59.5B62.5B
Other Liab10.9B13.1B23.2B31.6B36.3B38.1B
Retained Earnings9.4B10.8B15.2B19.7B24.0B25.2B
Accounts Payable2.2B1.5B4.2B4.0B2.3B1.2B
Cash15.6B16.9B24.3B32.6B30.7B32.3B
Other Assets8.9B9.2B9.8B12.0B13.8B14.5B
Net Receivables3.2B702.2M745.9M800.3M1.1B2.1B
Short Term Investments7.7B7.4B7.1B4.2B8.3B8.7B
Inventory20.7B21.2B27.0B32.3B31.4B33.0B
Other Current Assets6.8B8.8B8.4B10.3B27.9M26.5M
Total Liab67.4B75.1B89.2B103.0B101.0B106.1B
Intangible Assets20.4B21.5B19.4B19.4B658.4M625.5M
Property Plant Equipment27.2B27.8B29.2B42.0B48.3B50.7B
Long Term Debt21.4B19.0B14.8B21.1B20.8B12.4B
Net Tangible Assets19.7B17.0B20.1B31.8B36.6B38.4B
Other Stockholder Equity(468.3M)(3.6B)(6.4B)1.3B1.2B1.2B
Deferred Long Term Liab137.0M127.5M178.8M217.7M250.3M157.6M
Short Long Term Debt18.6B20.5B26.9B20.1B29.7B15.7B
Total Current Assets54.2B57.2B71.0B85.7B83.6B56.9B
Non Current Assets Total62.7B65.2B66.5B79.3B89.3B75.9B
Non Currrent Assets Other8.1B36.1B11.1B10.7B7.9B13.4B
Good Will659.5M396.3M387.2M423.0M430.1M491.9M
Non Current Liabilities Total32.8B32.7B38.5B52.9B52.0B44.1B
Non Current Liabilities Other2.9B6.9B17.0B25.1B5.7M5.4M
Net Debt24.3B22.5B17.4B8.6B19.8B15.2B
Net Invested Capital80.8B78.3B81.5B92.9B110.0B90.4B
Net Working Capital19.6B14.9B20.3B35.6B34.7B27.3B

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Other Information on Investing in China Stock

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