CBAK Accounts Payable vs Total Assets Analysis

CBAT Stock

USD 0.95 0.05 5.56%

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

Accounts Payable vs Total Assets

Accounts Payable vs Total Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of CBAK Energy Technology Accounts Payable account and Total Assets. At this time, the significance of the direction appears to have almost identical trend.

The correlation between CBAK Energy's Accounts Payable and Total Assets is 0.93. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Total Assets in the same time period over historical financial statements of CBAK Energy Technology, assuming nothing else is changed. The correlation between historical values of CBAK Energy's Accounts Payable and Total 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 Accounts Payable of CBAK Energy Technology are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Accounts Payable i.e., CBAK Energy's Accounts Payable and Total Assets go up and down completely randomly.

Correlation Coefficient

0.93

Relationship Direction	Positive
Relationship Strength	Very Strong

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Accounts Payable

An accounting item on the balance sheet that represents CBAK Energy obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of CBAK Energy Technology are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.

Total Assets

Total assets refers to the total amount of CBAK Energy assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in CBAK Energy Technology books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.

Most indicators from CBAK Energy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into CBAK Energy Technology 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 CBAK Energy Technology. 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 this time, CBAK Energy's Sales General And Administrative To Revenue is comparatively stable compared to the past year. Enterprise Value Over EBITDA is likely to gain to 13.53 in 2024, despite the fact that Tax Provision is likely to grow to (2.2 M).

	2023	2024 (projected)
Interest Income	564.7K	687.4K
Extraordinary Items	1.6M	1.5M

Interest Income Extraordinary Items

CBAK Energy fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Intangible Assets	Short Long Term Debt Total	Non Currrent Assets Other	Short Term Debt	Common Stock Total Equity	Common Stock
Total Assets		-0.47	0.92	0.57	0.98	0.72	0.04	0.93	0.38	0.99	0.38	0.9	0.15	0.39	0.95	0.64	0.25	0.91	0.98	0.98	0.15	0.83	-0.25	0.84	0.3	0.5
Other Current Liab	-0.47		-0.48	-0.13	-0.61	-0.55	-0.12	-0.55	0.07	-0.53	0.07	-0.45	0.22	-0.51	-0.46	-0.35	0.16	-0.51	-0.5	-0.37	0.18	-0.51	0.1	-0.46	0.25	-0.12
Total Current Liabilities	0.92	-0.48		0.22	0.92	0.86	-0.12	0.96	0.28	0.93	0.28	0.85	-0.1	0.54	0.9	0.59	0.03	1.0	0.91	0.89	0.26	0.95	-0.27	0.96	0.03	0.21
Total Stockholder Equity	0.57	-0.13	0.22		0.5	-0.04	0.39	0.32	0.43	0.53	0.43	0.44	0.62	-0.24	0.51	0.31	0.56	0.19	0.56	0.61	-0.1	0.06	-0.04	0.1	0.74	0.83
Property Plant And Equipment Net	0.98	-0.61	0.92	0.5		0.77	0.06	0.94	0.35	0.99	0.35	0.87	0.06	0.47	0.93	0.64	0.17	0.92	0.98	0.93	0.05	0.87	-0.21	0.87	0.22	0.46
Net Debt	0.72	-0.55	0.86	-0.04	0.77		-0.03	0.8	-0.16	0.76	-0.17	0.7	-0.51	0.74	0.74	0.62	-0.35	0.88	0.69	0.64	0.19	0.94	-0.22	0.92	-0.38	-0.15
Retained Earnings	0.04	-0.12	-0.12	0.39	0.06	-0.03		-0.04	0.06	0.06	0.06	-0.02	-0.18	-0.23	0.08	-0.07	-0.44	-0.13	0.04	0.02	-0.39	-0.04	-0.2	-0.02	-0.06	-0.02
Accounts Payable	0.93	-0.55	0.96	0.32	0.94	0.8	-0.04		0.33	0.94	0.33	0.83	-0.03	0.52	0.89	0.66	0.07	0.96	0.94	0.89	0.19	0.89	-0.3	0.89	0.08	0.29
Cash	0.38	0.07	0.28	0.43	0.35	-0.16	0.06	0.33		0.38	1.0	0.18	0.58	-0.32	0.3	-0.15	0.52	0.25	0.47	0.41	-0.2	0.18	-0.08	0.22	0.68	0.6
Non Current Assets Total	0.99	-0.53	0.93	0.53	0.99	0.76	0.06	0.94	0.38		0.38	0.87	0.09	0.43	0.94	0.64	0.2	0.92	0.99	0.95	0.1	0.86	-0.23	0.87	0.25	0.47
Cash And Short Term Investments	0.38	0.07	0.28	0.43	0.35	-0.17	0.06	0.33	1.0	0.38		0.19	0.59	-0.32	0.3	-0.14	0.53	0.25	0.47	0.41	-0.19	0.18	-0.08	0.22	0.68	0.6
Net Receivables	0.9	-0.45	0.85	0.44	0.87	0.7	-0.02	0.83	0.18	0.87	0.19		0.06	0.48	0.78	0.67	0.18	0.85	0.84	0.91	0.13	0.75	-0.18	0.74	0.19	0.4
Common Stock Shares Outstanding	0.15	0.22	-0.1	0.62	0.06	-0.51	-0.18	-0.03	0.58	0.09	0.59	0.06		-0.57	0.1	0.0	0.9	-0.13	0.15	0.25	0.09	-0.32	0.03	-0.27	0.93	0.87
Non Current Liabilities Total	0.39	-0.51	0.54	-0.24	0.47	0.74	-0.23	0.52	-0.32	0.43	-0.32	0.48	-0.57		0.35	0.42	-0.27	0.59	0.38	0.31	-0.07	0.62	-0.25	0.54	-0.47	-0.27
Inventory	0.95	-0.46	0.9	0.51	0.93	0.74	0.08	0.89	0.3	0.94	0.3	0.78	0.1	0.35		0.56	0.16	0.89	0.92	0.94	0.26	0.82	-0.35	0.84	0.22	0.41
Other Current Assets	0.64	-0.35	0.59	0.31	0.64	0.62	-0.07	0.66	-0.15	0.64	-0.14	0.67	0.0	0.42	0.56		0.08	0.61	0.59	0.6	0.34	0.56	-0.1	0.55	0.07	0.26
Other Stockholder Equity	0.25	0.16	0.03	0.56	0.17	-0.35	-0.44	0.07	0.52	0.2	0.53	0.18	0.9	-0.27	0.16	0.08		0.02	0.25	0.33	0.11	-0.17	0.13	-0.15	0.87	0.83
Total Liab	0.91	-0.51	1.0	0.19	0.92	0.88	-0.13	0.96	0.25	0.92	0.25	0.85	-0.13	0.59	0.89	0.61	0.02		0.9	0.87	0.21	0.96	-0.27	0.96	0.0	0.19
Property Plant And Equipment Gross	0.98	-0.5	0.91	0.56	0.98	0.69	0.04	0.94	0.47	0.99	0.47	0.84	0.15	0.38	0.92	0.59	0.25	0.9		0.94	0.05	0.82	-0.22	0.84	0.32	0.52
Total Current Assets	0.98	-0.37	0.89	0.61	0.93	0.64	0.02	0.89	0.41	0.95	0.41	0.91	0.25	0.31	0.94	0.6	0.33	0.87	0.94		0.2	0.75	-0.26	0.77	0.39	0.55
Intangible Assets	0.15	0.18	0.26	-0.1	0.05	0.19	-0.39	0.19	-0.2	0.1	-0.19	0.13	0.09	-0.07	0.26	0.34	0.11	0.21	0.05	0.2		0.14	-0.1	0.2	-0.06	-0.1
Short Long Term Debt Total	0.83	-0.51	0.95	0.06	0.87	0.94	-0.04	0.89	0.18	0.86	0.18	0.75	-0.32	0.62	0.82	0.56	-0.17	0.96	0.82	0.75	0.14		-0.23	0.99	-0.15	0.04
Non Currrent Assets Other	-0.25	0.1	-0.27	-0.04	-0.21	-0.22	-0.2	-0.3	-0.08	-0.23	-0.08	-0.18	0.03	-0.25	-0.35	-0.1	0.13	-0.27	-0.22	-0.26	-0.1	-0.23		-0.21	0.05	0.04
Short Term Debt	0.84	-0.46	0.96	0.1	0.87	0.92	-0.02	0.89	0.22	0.87	0.22	0.74	-0.27	0.54	0.84	0.55	-0.15	0.96	0.84	0.77	0.2	0.99	-0.21		-0.11	0.07
Common Stock Total Equity	0.3	0.25	0.03	0.74	0.22	-0.38	-0.06	0.08	0.68	0.25	0.68	0.19	0.93	-0.47	0.22	0.07	0.87	0.0	0.32	0.39	-0.06	-0.15	0.05	-0.11		0.92
Common Stock	0.5	-0.12	0.21	0.83	0.46	-0.15	-0.02	0.29	0.6	0.47	0.6	0.4	0.87	-0.27	0.41	0.26	0.83	0.19	0.52	0.55	-0.1	0.04	0.04	0.07	0.92

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CBAK Energy Account Relationship Matchups

CBAK Energy fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	95.6M	142.8M	262.6M	244.0M	281.2M	206.4M
Other Current Liab	20.3M	30.2M	29.3M	3.7M	41.6M	43.7M
Total Current Liabilities	59.0M	73.7M	112.8M	111.9M	160.5M	125.2M
Total Stockholder Equity	13.6M	52.4M	133.3M	117.5M	112.8M	60.6M
Property Plant And Equipment Net	67.1M	78.7M	119.4M	101.2M	130.5M	113.9M
Net Debt	34.7M	3.3M	7.8M	11.1M	(23.1M)	(21.9M)
Retained Earnings	(176.2M)	(184.0M)	(122.5M)	(131.9M)	(134.4M)	(127.7M)
Accounts Payable	11.2M	28.4M	65.4M	32.5M	82.8M	48.4M
Cash	1.6M	11.7M	7.4M	6.5M	58.8M	61.8M
Non Current Assets Total	67.1M	79.6M	139.8M	118.3M	152.7M	127.5M
Cash And Short Term Investments	1.6M	11.9M	8.1M	6.5M	58.8M	61.8M
Net Receivables	12.2M	37.0M	65.6M	32.9M	34.0M	34.9M
Common Stock Shares Outstanding	39.0M	62.0M	87.9M	88.9M	89.3M	93.7M
Liabilities And Stockholders Equity	95.6M	142.8M	262.6M	244.0M	281.2M	206.4M
Non Current Liabilities Total	22.9M	16.7M	9.0M	7.7M	7.2M	6.8M
Inventory	8.7M	5.3M	30.1M	49.4M	34.8M	25.0M
Other Current Assets	6.0M	9.0M	19.0M	6.0M	1.0M	994.0K
Other Stockholder Equity	190.2M	235.3M	252.0M	256.3M	257.5M	270.4M
Total Liab	81.9M	90.4M	121.7M	119.7M	167.7M	145.2M
Property Plant And Equipment Gross	67.1M	78.7M	119.4M	101.2M	178.3M	112.4M
Total Current Assets	28.5M	63.2M	122.8M	125.7M	128.4M	93.6M
Intangible Assets	15.2K	11.8K	15.8M	13.7M	841.4K	799.3K
Short Long Term Debt Total	40.4M	22.3M	15.2M	17.6M	35.7M	66.4M
Non Currrent Assets Other	7.3M	(67.1M)	31.0B	62.9K	18.8M	17.9M
Accumulated Other Comprehensive Income	(514.2K)	990.9K	3.7M	(6.9M)	(10.4M)	(9.9M)
Short Term Debt	26.8M	15.0M	14.3M	17.0M	35.3M	49.9M
Common Stock Total Equity	53.2K	79.3K	88.8K	89.1K	102.5K	107.6K
Common Stock	53.2K	79.3K	88.8K	89.1K	90.1K	94.6K
Other Liab	13.4M	16.7M	8.1M	7.1M	8.2M	13.8M
Net Tangible Assets	13.6M	52.4M	129.7M	116.2M	133.6M	140.3M
Noncontrolling Interest In Consolidated Entity	52.8K	7.7K	7.6M	6.9M	7.9M	8.3M
Long Term Debt	24.2M	24.9M	13.6M	7.3M	6.6M	6.2M
Retained Earnings Total Equity	(176.2M)	(184.0M)	(122.5M)	(131.9M)	(118.8M)	(124.7M)
Short Term Investments	63.2K	235.2K	790.5K	43.9K	108.5K	103.1K
Short Long Term Debt	26.8M	15.0M	13.5M	15.6M	32.9M	17.4M
Property Plant Equipment	59.9M	41.0M	90.0M	90.0M	81.0M	89.8M

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