Shuhua Total Liab vs Other Current Assets Analysis

605299 Stock   7.89  0.04  0.50%   
Shuhua Sports financial indicator trend analysis is much more than just breaking down Shuhua Sports prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Shuhua Sports is a good investment. Please check the relationship between Shuhua Sports Total Liab and its Other Current Assets accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Shuhua Sports 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 Liab vs Other Current Assets

Total Liab vs Other Current Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Shuhua Sports Total Liab account and Other Current Assets. At this time, the significance of the direction appears to have pay attention.
The correlation between Shuhua Sports' Total Liab and Other Current Assets is -0.85. Overlapping area represents the amount of variation of Total Liab that can explain the historical movement of Other Current Assets in the same time period over historical financial statements of Shuhua Sports Co, assuming nothing else is changed. The correlation between historical values of Shuhua Sports' Total Liab and Other Current Assets 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 Liab of Shuhua Sports Co are associated (or correlated) with its Other Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Assets has no effect on the direction of Total Liab i.e., Shuhua Sports' Total Liab and Other Current Assets go up and down completely randomly.

Correlation Coefficient

-0.85
Relationship DirectionNegative 
Relationship StrengthSignificant

Total Liab

The total amount of all liabilities that a company has, including both short-term and long-term liabilities.

Other Current Assets

Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.
Most indicators from Shuhua Sports' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Shuhua Sports 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 Shuhua Sports 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.
As of January 1, 2025, Tax Provision is expected to decline to about 28 M. In addition to that, Selling General Administrative is expected to decline to about 135 M
 2022 2023 2024 2025 (projected)
Interest Expense5.4M3.3M3.0M2.9M
Interest Income1.5M1.5M1.8M1.2M

Shuhua Sports fundamental ratios Correlations

-0.9-0.60.96-0.620.990.950.63-0.63-0.72-0.62-0.650.98-0.910.210.57-0.671.0-0.60.990.980.95-0.88-0.820.830.85
-0.90.75-0.980.47-0.94-0.86-0.680.420.760.470.82-0.910.97-0.54-0.810.8-0.920.82-0.91-0.91-0.970.80.68-0.74-0.68
-0.60.75-0.730.61-0.7-0.47-0.080.550.850.610.88-0.740.79-0.39-0.821.0-0.620.93-0.57-0.74-0.710.780.68-0.71-0.72
0.96-0.98-0.73-0.530.990.910.62-0.53-0.79-0.53-0.770.97-0.960.40.74-0.790.97-0.770.960.970.99-0.86-0.770.810.8
-0.620.470.61-0.53-0.61-0.52-0.060.920.61.00.59-0.680.640.19-0.30.63-0.590.4-0.54-0.68-0.470.820.87-0.76-0.8
0.99-0.94-0.70.99-0.610.930.59-0.62-0.78-0.61-0.730.99-0.950.290.66-0.760.99-0.70.980.990.97-0.9-0.820.840.86
0.95-0.86-0.470.91-0.520.930.7-0.5-0.56-0.52-0.540.9-0.870.280.59-0.550.93-0.550.940.90.89-0.78-0.70.680.72
0.63-0.68-0.080.62-0.060.590.70.07-0.09-0.06-0.450.51-0.630.590.43-0.170.62-0.30.640.510.61-0.25-0.160.20.15
-0.630.420.55-0.530.92-0.62-0.50.070.720.920.41-0.680.540.43-0.130.56-0.620.28-0.59-0.68-0.50.870.95-0.88-0.87
-0.720.760.85-0.790.6-0.78-0.56-0.090.720.60.66-0.810.74-0.05-0.550.86-0.760.7-0.74-0.81-0.810.90.86-0.94-0.82
-0.620.470.61-0.531.0-0.61-0.52-0.060.920.60.59-0.680.640.19-0.30.63-0.590.4-0.54-0.68-0.470.820.87-0.76-0.8
-0.650.820.88-0.770.59-0.73-0.54-0.450.410.660.59-0.740.87-0.61-0.840.9-0.660.88-0.61-0.74-0.720.680.57-0.59-0.59
0.98-0.91-0.740.97-0.680.990.90.51-0.68-0.81-0.68-0.74-0.940.250.66-0.80.98-0.710.961.00.95-0.93-0.860.860.91
-0.910.970.79-0.960.64-0.95-0.87-0.630.540.740.640.87-0.94-0.49-0.810.85-0.910.83-0.89-0.94-0.930.850.75-0.77-0.75
0.21-0.54-0.390.40.190.290.280.590.43-0.050.19-0.610.25-0.490.8-0.420.22-0.670.210.250.380.010.2-0.13-0.1
0.57-0.81-0.820.74-0.30.660.590.43-0.13-0.55-0.3-0.840.66-0.810.8-0.850.58-0.970.550.660.71-0.53-0.360.40.44
-0.670.81.0-0.790.63-0.76-0.55-0.170.560.860.630.9-0.80.85-0.42-0.85-0.680.94-0.63-0.8-0.770.810.71-0.74-0.75
1.0-0.92-0.620.97-0.590.990.930.62-0.62-0.76-0.59-0.660.98-0.910.220.58-0.68-0.611.00.980.97-0.88-0.820.850.84
-0.60.820.93-0.770.4-0.7-0.55-0.30.280.70.40.88-0.710.83-0.67-0.970.94-0.61-0.57-0.71-0.750.640.49-0.54-0.56
0.99-0.91-0.570.96-0.540.980.940.64-0.59-0.74-0.54-0.610.96-0.890.210.55-0.631.0-0.570.960.96-0.86-0.80.830.81
0.98-0.91-0.740.97-0.680.990.90.51-0.68-0.81-0.68-0.741.0-0.940.250.66-0.80.98-0.710.960.95-0.93-0.860.860.91
0.95-0.97-0.710.99-0.470.970.890.61-0.5-0.81-0.47-0.720.95-0.930.380.71-0.770.97-0.750.960.95-0.85-0.750.810.77
-0.880.80.78-0.860.82-0.9-0.78-0.250.870.90.820.68-0.930.850.01-0.530.81-0.880.64-0.86-0.93-0.850.98-0.97-0.94
-0.820.680.68-0.770.87-0.82-0.7-0.160.950.860.870.57-0.860.750.2-0.360.71-0.820.49-0.8-0.86-0.750.98-0.98-0.94
0.83-0.74-0.710.81-0.760.840.680.2-0.88-0.94-0.76-0.590.86-0.77-0.130.4-0.740.85-0.540.830.860.81-0.97-0.980.9
0.85-0.68-0.720.8-0.80.860.720.15-0.87-0.82-0.8-0.590.91-0.75-0.10.44-0.750.84-0.560.810.910.77-0.94-0.940.9
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Shuhua Sports Account Relationship Matchups

Shuhua Sports fundamental ratios Accounts

202020212022202320242025 (projected)
Total Assets2.0B1.8B1.8B2.0B2.3B2.0B
Other Current Liab4.0M4.0M4.1M3.4M3.0M2.9M
Total Current Liabilities650.3M453.9M468.9M567.9M511.1M441.6M
Total Stockholder Equity1.3B1.3B1.3B1.3B1.5B1.3B
Retained Earnings453.8M435.5M439.9M452.4M520.2M471.8M
Accounts Payable234.3M203.3M158.3M214.7M246.9M211.8M
Cash426.0M202.3M222.5M226.5M203.8M196.5M
Non Current Assets Total891.4M887.5M849.8M805.7M725.2M685.9M
Non Currrent Assets Other13.3M5.7M857.5K264.9K238.4K226.5K
Net Receivables264.9M238.5M219.3M299.7M269.7M212.5M
Non Current Liabilities Total74.9M74.0M79.0M80.8M72.7M65.3M
Inventory290.6M324.6M278.0M198.1M178.3M206.9M
Other Current Assets26.9M62.0M35.1M21.0M24.1M34.1M
Total Liab725.3M527.9M547.9M648.7M583.8M506.9M
Net Invested Capital1.5B1.3B1.4B1.5B1.7B1.5B
Short Long Term Debt228.2M65.3M136.7M205.0M184.5M142.7M
Total Current Assets1.1B925.0M986.3M1.2B1.3B1.1B
Net Working Capital475.8M471.1M517.5M591.6M680.3M479.5M
Intangible Assets102.9M97.5M96.1M89.3M80.3M78.6M

Currently Active Assets on Macroaxis

Other Information on Investing in Shuhua Stock

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