Chongqing Deferred Long Term Liab vs Other Assets Analysis

000625 Stock   13.62  0.25  1.80%   
Chongqing Changan financial indicator trend analysis is way more than just evaluating Chongqing Changan prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Chongqing Changan is a good investment. Please check the relationship between Chongqing Changan Deferred Long Term Liab and its Other Assets accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Chongqing Changan Automobile. 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.

Deferred Long Term Liab vs Other Assets

Deferred Long Term Liab vs Other Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Chongqing Changan Deferred Long Term Liab account and Other Assets. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Chongqing Changan's Deferred Long Term Liab and Other Assets is -0.66. Overlapping area represents the amount of variation of Deferred Long Term Liab that can explain the historical movement of Other Assets in the same time period over historical financial statements of Chongqing Changan Automobile, assuming nothing else is changed. The correlation between historical values of Chongqing Changan's Deferred Long Term Liab and Other 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 Deferred Long Term Liab of Chongqing Changan Automobile are associated (or correlated) with its Other Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Assets has no effect on the direction of Deferred Long Term Liab i.e., Chongqing Changan's Deferred Long Term Liab and Other Assets go up and down completely randomly.

Correlation Coefficient

-0.66
Relationship DirectionNegative 
Relationship StrengthWeak

Deferred Long Term Liab

Liabilities that are due after more than one year, including deferred tax liabilities and deferred revenue.

Other Assets

Most indicators from Chongqing Changan's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Chongqing Changan 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 Chongqing Changan Automobile. 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.
The current year's Tax Provision is expected to grow to about 1.1 B, whereas Selling General Administrative is forecasted to decline to about 5 B.
 2021 2022 2023 2024 (projected)
Gross Profit17.5B24.8B27.8B17.1B
Research Development3.5B4.3B6.0B3.5B

Chongqing Changan fundamental ratios Correlations

0.431.00.980.150.950.990.940.9-0.37-0.180.830.850.990.90.910.53-0.160.720.860.83-0.8-0.750.790.76-0.74
0.430.450.440.290.420.360.430.460.08-0.090.210.030.420.050.410.510.04-0.140.390.25-0.320.140.4-0.02-0.4
1.00.450.970.120.930.990.960.9-0.35-0.210.850.841.00.890.920.48-0.190.730.850.84-0.76-0.740.810.72-0.75
0.980.440.970.230.990.960.90.86-0.46-0.10.730.780.960.850.850.63-0.110.620.870.77-0.85-0.670.740.76-0.73
0.150.290.120.230.320.11-0.120.19-0.130.8-0.010.030.110.04-0.030.710.76-0.19-0.02-0.24-0.040.1-0.20.10.22
0.950.420.930.990.320.920.840.8-0.550.020.670.740.920.80.770.670.00.540.840.69-0.83-0.620.670.72-0.68
0.990.360.990.960.110.920.950.89-0.36-0.190.880.881.00.920.910.44-0.180.780.840.85-0.74-0.80.80.75-0.74
0.940.430.960.9-0.120.840.950.83-0.34-0.440.80.820.950.830.920.29-0.420.730.890.9-0.75-0.720.890.66-0.84
0.90.460.90.860.190.80.890.83-0.07-0.210.820.750.910.790.910.49-0.230.670.750.79-0.66-0.670.710.65-0.62
-0.370.08-0.35-0.46-0.13-0.55-0.36-0.34-0.07-0.23-0.04-0.3-0.31-0.33-0.07-0.29-0.09-0.09-0.44-0.150.450.22-0.25-0.330.33
-0.18-0.09-0.21-0.10.80.02-0.19-0.44-0.21-0.23-0.24-0.27-0.22-0.22-0.420.360.89-0.39-0.37-0.560.320.25-0.51-0.220.48
0.830.210.850.73-0.010.670.880.80.82-0.04-0.240.860.880.870.840.18-0.180.870.590.75-0.45-0.810.660.64-0.52
0.850.030.840.780.030.740.880.820.75-0.3-0.270.860.870.970.830.25-0.260.930.710.81-0.65-0.910.690.84-0.58
0.990.421.00.960.110.921.00.950.91-0.31-0.220.880.870.910.930.46-0.190.770.840.85-0.75-0.770.80.74-0.74
0.90.050.890.850.040.80.920.830.79-0.33-0.220.870.970.910.850.33-0.220.930.740.84-0.71-0.910.690.88-0.58
0.910.410.920.85-0.030.770.910.920.91-0.07-0.420.840.830.930.850.3-0.380.790.810.95-0.68-0.760.830.69-0.7
0.530.510.480.630.710.670.440.290.49-0.290.360.180.250.460.330.30.340.010.510.13-0.61-0.020.260.52-0.24
-0.160.04-0.19-0.110.760.0-0.18-0.42-0.23-0.090.89-0.18-0.26-0.19-0.22-0.380.34-0.36-0.38-0.510.330.27-0.49-0.220.48
0.72-0.140.730.62-0.190.540.780.730.67-0.09-0.390.870.930.770.930.790.01-0.360.580.82-0.49-0.920.640.77-0.49
0.860.390.850.87-0.020.840.840.890.75-0.44-0.370.590.710.840.740.810.51-0.380.580.81-0.84-0.510.930.77-0.81
0.830.250.840.77-0.240.690.850.90.79-0.15-0.560.750.810.850.840.950.13-0.510.820.81-0.68-0.760.840.71-0.68
-0.8-0.32-0.76-0.85-0.04-0.83-0.74-0.75-0.660.450.32-0.45-0.65-0.75-0.71-0.68-0.610.33-0.49-0.84-0.680.53-0.65-0.80.76
-0.750.14-0.74-0.670.1-0.62-0.8-0.72-0.670.220.25-0.81-0.91-0.77-0.91-0.76-0.020.27-0.92-0.51-0.760.53-0.51-0.670.55
0.790.40.810.74-0.20.670.80.890.71-0.25-0.510.660.690.80.690.830.26-0.490.640.930.84-0.65-0.510.63-0.79
0.76-0.020.720.760.10.720.750.660.65-0.33-0.220.640.840.740.880.690.52-0.220.770.770.71-0.8-0.670.63-0.47
-0.74-0.4-0.75-0.730.22-0.68-0.74-0.84-0.620.330.48-0.52-0.58-0.74-0.58-0.7-0.240.48-0.49-0.81-0.680.760.55-0.79-0.47
Click cells to compare fundamentals

Chongqing Changan Account Relationship Matchups

Chongqing Changan fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets97.6B120.9B135.4B146.0B190.2B199.7B
Other Current Liab9.9B11.3B17.4B16.2B8.9B7.7B
Total Current Liabilities49.2B62.6B76.1B79.9B103.2B108.4B
Total Stockholder Equity44.0B53.4B55.7B62.9B71.9B75.4B
Other Liab4.4B1.2B2.8B2.1B2.4B1.7B
Retained Earnings33.7B37.0B38.9B44.9B49.6B52.1B
Accounts Payable32.3B40.7B47.9B51.5B75.7B79.5B
Cash10.1B32.0B52.0B53.5B64.9B68.1B
Other Assets2.4B2.7B3.0B3.8B4.4B4.6B
Long Term Debt912.7M955.3M600M1.0B1.1B1.0B
Net Receivables31.7B2.1B1.7B3.1B2.4B2.3B
Inventory3.4B6.0B6.9B5.8B13.5B14.1B
Other Current Assets2.1B1.3B4.5B1.6B9.7B10.2B
Total Liab53.7B67.4B79.5B83.1B115.5B121.3B
Intangible Assets6.0B5.5B5.1B5.2B17.3B18.2B
Property Plant Equipment28.7B25.3B22.9B20.8B24.0B14.0B
Net Tangible Assets38.8B48.9B51.3B58.4B67.2B48.7B
Other Stockholder Equity614.8M685.6M1.1B2.2B2.5B2.6B
Deferred Long Term Liab829.1M607.2M742.6M749.6M674.6M681.1M
Total Current Assets49.6B72.9B91.1B102.1B130.9B81.9B
Non Current Assets Total48.0B48.0B44.3B44.0B59.2B51.9B
Non Currrent Assets Other(4.7K)50.3B48.0B450M405M384.8M
Non Current Liabilities Total4.4B4.8B3.4B3.2B12.2B12.9B
Short Long Term Debt229.6M578M19M29M30.0M28.5M
Net Invested Capital44.3B54.9B56.4B63.9B73.0B60.8B
Net Working Capital373.4M10.3B15.0B22.1B27.7B29.1B

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Other Information on Investing in Chongqing Stock

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