Zangge Other Assets vs Deferred Long Term Liab Analysis

000408 Stock   27.08  0.01  0.04%   
Zangge Holding financial indicator trend analysis is more than just analyzing Zangge Holding current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Zangge Holding is a good investment. Please check the relationship between Zangge Holding Other Assets and its Deferred Long Term Liab accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Zangge Holding 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 board of governors.

Other Assets vs Deferred Long Term Liab

Other Assets vs Deferred Long Term Liab Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Zangge Holding Other Assets account and Deferred Long Term Liab. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Zangge Holding's Other Assets and Deferred Long Term Liab is 0.92. Overlapping area represents the amount of variation of Other Assets that can explain the historical movement of Deferred Long Term Liab in the same time period over historical financial statements of Zangge Holding Co, assuming nothing else is changed. The correlation between historical values of Zangge Holding's Other Assets and Deferred Long Term Liab is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Assets of Zangge Holding Co are associated (or correlated) with its Deferred Long Term Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Deferred Long Term Liab has no effect on the direction of Other Assets i.e., Zangge Holding's Other Assets and Deferred Long Term Liab go up and down completely randomly.

Correlation Coefficient

0.92
Relationship DirectionPositive 
Relationship StrengthVery Strong

Other Assets

Deferred Long Term Liab

Liabilities that are due after more than one year, including deferred tax liabilities and deferred revenue.
Most indicators from Zangge Holding's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Zangge Holding 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 Zangge Holding 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 board of governors.
The current year's Selling General Administrative is expected to grow to about 161.8 M, whereas Tax Provision is forecasted to decline to about 345.9 M.
 2021 2022 2023 2024 (projected)
Operating Income1.6B5.9B2.8B2.9B
Total Revenue3.6B8.2B5.2B5.5B

Zangge Holding fundamental ratios Correlations

0.350.640.990.920.640.740.89-0.780.170.910.170.560.770.850.88-0.070.910.90.720.710.730.820.740.820.73
0.350.50.320.310.310.420.17-0.290.210.440.070.410.540.360.330.070.390.370.04-0.290.230.450.40.28-0.04
0.640.50.550.390.90.340.42-0.440.580.610.350.980.880.810.830.080.470.590.110.130.430.580.450.330.1
0.990.320.550.950.570.750.9-0.780.110.910.150.470.720.810.84-0.090.930.890.760.740.730.810.750.850.77
0.920.310.390.950.40.760.94-0.62-0.090.82-0.020.290.530.620.65-0.080.910.760.870.760.70.720.730.90.86
0.640.310.90.570.40.220.38-0.50.480.680.310.860.810.810.84-0.030.530.630.10.290.520.460.590.440.12
0.740.420.340.750.760.220.78-0.48-0.230.61-0.070.270.520.510.52-0.010.730.610.760.520.230.740.320.610.66
0.890.170.420.90.940.380.78-0.53-0.130.69-0.020.350.530.60.64-0.060.830.650.920.820.570.670.570.820.9
-0.78-0.29-0.44-0.78-0.62-0.5-0.48-0.53-0.29-0.77-0.39-0.34-0.64-0.68-0.730.43-0.76-0.85-0.41-0.47-0.66-0.72-0.68-0.62-0.44
0.170.210.580.11-0.090.48-0.23-0.13-0.290.190.610.610.470.450.450.20.060.37-0.38-0.20.380.40.21-0.15-0.33
0.910.440.610.910.820.680.610.69-0.770.190.260.510.770.860.87-0.080.850.910.50.530.690.740.770.730.51
0.170.070.350.15-0.020.31-0.07-0.02-0.390.610.260.310.40.410.38-0.10.120.41-0.28-0.110.170.440.09-0.16-0.28
0.560.410.980.470.290.860.270.35-0.340.610.510.310.840.770.790.140.360.490.060.10.390.510.350.220.05
0.770.540.880.720.530.810.520.53-0.640.470.770.40.840.930.920.070.690.790.220.30.50.690.570.490.24
0.850.360.810.810.620.810.510.6-0.680.450.860.410.770.930.990.170.690.890.290.430.550.710.560.50.34
0.880.330.830.840.650.840.520.64-0.730.450.870.380.790.920.990.060.720.890.350.480.610.730.610.550.39
-0.070.070.08-0.09-0.08-0.03-0.01-0.060.430.2-0.08-0.10.140.070.170.06-0.210.01-0.19-0.14-0.27-0.08-0.3-0.25-0.1
0.910.390.470.930.910.530.730.83-0.760.060.850.120.360.690.690.72-0.210.840.720.720.760.770.860.930.71
0.90.370.590.890.760.630.610.65-0.850.370.910.410.490.790.890.890.010.840.430.530.670.840.690.650.46
0.720.040.110.760.870.10.760.92-0.41-0.380.5-0.280.060.220.290.35-0.190.720.430.830.450.510.450.80.97
0.71-0.290.130.740.760.290.520.82-0.47-0.20.53-0.110.10.30.430.48-0.140.720.530.830.530.410.520.780.88
0.730.230.430.730.70.520.230.57-0.660.380.690.170.390.50.550.61-0.270.760.670.450.530.610.930.730.48
0.820.450.580.810.720.460.740.67-0.720.40.740.440.510.690.710.73-0.080.770.840.510.410.610.550.520.43
0.740.40.450.750.730.590.320.57-0.680.210.770.090.350.570.560.61-0.30.860.690.450.520.930.550.850.48
0.820.280.330.850.90.440.610.82-0.62-0.150.73-0.160.220.490.50.55-0.250.930.650.80.780.730.520.850.82
0.73-0.040.10.770.860.120.660.9-0.44-0.330.51-0.280.050.240.340.39-0.10.710.460.970.880.480.430.480.82
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Zangge Holding Account Relationship Matchups

Zangge Holding fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets9.6B8.7B10.6B13.5B14.1B14.8B
Other Current Liab386.4M324.7M722.1M887.8M12.6M12.0M
Total Current Liabilities1.7B734.5M1.1B1.4B935.6M815.4M
Total Stockholder Equity7.8B7.9B9.5B12.1B13.1B13.7B
Retained Earnings4.6B4.8B6.2B8.9B8.8B9.2B
Accounts Payable578.5M313.0M229.7M273.1M355.2M194.3M
Cash82.1M461.7M799.6M2.8B1.6B1.7B
Other Assets89.8M86.3M145.9M234.7M269.9M283.4M
Net Receivables1.9B36.7M1.3B162.3M18.2M17.3M
Inventory511.3M599.4M466.1M564.6M498.0M522.9M
Other Current Assets239.5M223.9M48.6M103.6M15.6M14.8M
Total Liab1.7B760.5M1.2B1.4B1.0B904.0M
Intangible Assets309.2M283.3M370.4M354.8M328.1M165.1M
Property Plant Equipment3.9B3.6B3.2B3.1B3.6B3.8B
Other Liab31.0M26.1M50.2M20.4M23.5M39.4M
Net Tangible Assets7.6B7.6B9.1B11.8B13.5B7.9B
Other Stockholder Equity84.4M59.9M49.7M58.3M67.0M70.4M
Deferred Long Term Liab7.5M7.3M13.4M24.3M28.0M29.4M
Total Current Assets2.7B2.3B2.6B4.9B3.1B3.5B
Non Current Assets Total7.1B6.4B8.0B8.6B10.9B7.5B
Non Currrent Assets Other34.0M41.4M1.6B1.6B3.3B3.4B
Non Current Liabilities Total31.0M26.1M55.6M31.2M105.7M62.2M
Net Invested Capital8.3B7.9B9.5B12.1B13.1B10.3B
Net Working Capital996.2M1.6B1.5B3.5B2.2B2.3B

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Other Information on Investing in Zangge Stock

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