Chongqing Total Current Liabilities vs Long Term Investments 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 Total Current Liabilities and its Long Term Investments 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.

Total Current Liabilities vs Long Term Investments

Total Current Liabilities vs Long Term Investments Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Chongqing Changan Total Current Liabilities account and Long Term Investments. At this time, the significance of the direction appears to have pay attention.

The correlation between Chongqing Changan's Total Current Liabilities and Long Term Investments is -0.74. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Long Term Investments 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 Total Current Liabilities and Long Term Investments 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 Chongqing Changan Automobile are associated (or correlated) with its Long Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Long Term Investments has no effect on the direction of Total Current Liabilities i.e., Chongqing Changan's Total Current Liabilities and Long Term Investments go up and down completely randomly.

Correlation Coefficient

-0.74

Relationship Direction	Negative
Relationship Strength	Weak

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Total Current Liabilities

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

Long Term Investments

Long Term Investments is an item on the asset side of Chongqing Changan balance sheet that represents investments Chongqing Changan intends to hold for over a year. Chongqing Changan Automobile long term investments may include different instruments such as stocks, bonds, real estate and cash.

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 Profit	17.5B	24.8B	27.8B	17.1B
Research Development	3.5B	4.3B	6.0B	3.5B

Gross Profit Research Development

Chongqing Changan fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Retained Earnings	Accounts Payable	Cash	Other Assets	Long Term Debt	Net Receivables	Inventory	Other Current Assets	Total Liab	Intangible Assets	Common Stock	Property Plant Equipment	Short Term Investments	Good Will	Net Tangible Assets	Other Stockholder Equity	Deferred Long Term Liab	Long Term Investments	Total Current Assets	Non Current Assets Total	Non Currrent Assets Other
Total Assets		0.43	1.0	0.98	0.15	0.95	0.99	0.94	0.9	-0.37	-0.18	0.83	0.85	0.99	0.9	0.91	0.53	-0.16	0.72	0.86	0.83	-0.8	-0.75	0.79	0.76	-0.74
Other Current Liab	0.43		0.45	0.44	0.29	0.42	0.36	0.43	0.46	0.08	-0.09	0.21	0.03	0.42	0.05	0.41	0.51	0.04	-0.14	0.39	0.25	-0.32	0.14	0.4	-0.02	-0.4
Total Current Liabilities	1.0	0.45		0.97	0.12	0.93	0.99	0.96	0.9	-0.35	-0.21	0.85	0.84	1.0	0.89	0.92	0.48	-0.19	0.73	0.85	0.84	-0.76	-0.74	0.81	0.72	-0.75
Total Stockholder Equity	0.98	0.44	0.97		0.23	0.99	0.96	0.9	0.86	-0.46	-0.1	0.73	0.78	0.96	0.85	0.85	0.63	-0.11	0.62	0.87	0.77	-0.85	-0.67	0.74	0.76	-0.73
Other Liab	0.15	0.29	0.12	0.23		0.32	0.11	-0.12	0.19	-0.13	0.8	-0.01	0.03	0.11	0.04	-0.03	0.71	0.76	-0.19	-0.02	-0.24	-0.04	0.1	-0.2	0.1	0.22
Retained Earnings	0.95	0.42	0.93	0.99	0.32		0.92	0.84	0.8	-0.55	0.02	0.67	0.74	0.92	0.8	0.77	0.67	0.0	0.54	0.84	0.69	-0.83	-0.62	0.67	0.72	-0.68
Accounts Payable	0.99	0.36	0.99	0.96	0.11	0.92		0.95	0.89	-0.36	-0.19	0.88	0.88	1.0	0.92	0.91	0.44	-0.18	0.78	0.84	0.85	-0.74	-0.8	0.8	0.75	-0.74
Cash	0.94	0.43	0.96	0.9	-0.12	0.84	0.95		0.83	-0.34	-0.44	0.8	0.82	0.95	0.83	0.92	0.29	-0.42	0.73	0.89	0.9	-0.75	-0.72	0.89	0.66	-0.84
Other Assets	0.9	0.46	0.9	0.86	0.19	0.8	0.89	0.83		-0.07	-0.21	0.82	0.75	0.91	0.79	0.91	0.49	-0.23	0.67	0.75	0.79	-0.66	-0.67	0.71	0.65	-0.62
Long Term Debt	-0.37	0.08	-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	-0.15	0.45	0.22	-0.25	-0.33	0.33
Net Receivables	-0.18	-0.09	-0.21	-0.1	0.8	0.02	-0.19	-0.44	-0.21	-0.23		-0.24	-0.27	-0.22	-0.22	-0.42	0.36	0.89	-0.39	-0.37	-0.56	0.32	0.25	-0.51	-0.22	0.48
Inventory	0.83	0.21	0.85	0.73	-0.01	0.67	0.88	0.8	0.82	-0.04	-0.24		0.86	0.88	0.87	0.84	0.18	-0.18	0.87	0.59	0.75	-0.45	-0.81	0.66	0.64	-0.52
Other Current Assets	0.85	0.03	0.84	0.78	0.03	0.74	0.88	0.82	0.75	-0.3	-0.27	0.86		0.87	0.97	0.83	0.25	-0.26	0.93	0.71	0.81	-0.65	-0.91	0.69	0.84	-0.58
Total Liab	0.99	0.42	1.0	0.96	0.11	0.92	1.0	0.95	0.91	-0.31	-0.22	0.88	0.87		0.91	0.93	0.46	-0.19	0.77	0.84	0.85	-0.75	-0.77	0.8	0.74	-0.74
Intangible Assets	0.9	0.05	0.89	0.85	0.04	0.8	0.92	0.83	0.79	-0.33	-0.22	0.87	0.97	0.91		0.85	0.33	-0.22	0.93	0.74	0.84	-0.71	-0.91	0.69	0.88	-0.58
Common Stock	0.91	0.41	0.92	0.85	-0.03	0.77	0.91	0.92	0.91	-0.07	-0.42	0.84	0.83	0.93	0.85		0.3	-0.38	0.79	0.81	0.95	-0.68	-0.76	0.83	0.69	-0.7
Property Plant Equipment	0.53	0.51	0.48	0.63	0.71	0.67	0.44	0.29	0.49	-0.29	0.36	0.18	0.25	0.46	0.33	0.3		0.34	0.01	0.51	0.13	-0.61	-0.02	0.26	0.52	-0.24
Short Term Investments	-0.16	0.04	-0.19	-0.11	0.76	0.0	-0.18	-0.42	-0.23	-0.09	0.89	-0.18	-0.26	-0.19	-0.22	-0.38	0.34		-0.36	-0.38	-0.51	0.33	0.27	-0.49	-0.22	0.48
Good Will	0.72	-0.14	0.73	0.62	-0.19	0.54	0.78	0.73	0.67	-0.09	-0.39	0.87	0.93	0.77	0.93	0.79	0.01	-0.36		0.58	0.82	-0.49	-0.92	0.64	0.77	-0.49
Net Tangible Assets	0.86	0.39	0.85	0.87	-0.02	0.84	0.84	0.89	0.75	-0.44	-0.37	0.59	0.71	0.84	0.74	0.81	0.51	-0.38	0.58		0.81	-0.84	-0.51	0.93	0.77	-0.81
Other Stockholder Equity	0.83	0.25	0.84	0.77	-0.24	0.69	0.85	0.9	0.79	-0.15	-0.56	0.75	0.81	0.85	0.84	0.95	0.13	-0.51	0.82	0.81		-0.68	-0.76	0.84	0.71	-0.68
Deferred Long Term Liab	-0.8	-0.32	-0.76	-0.85	-0.04	-0.83	-0.74	-0.75	-0.66	0.45	0.32	-0.45	-0.65	-0.75	-0.71	-0.68	-0.61	0.33	-0.49	-0.84	-0.68		0.53	-0.65	-0.8	0.76
Long Term Investments	-0.75	0.14	-0.74	-0.67	0.1	-0.62	-0.8	-0.72	-0.67	0.22	0.25	-0.81	-0.91	-0.77	-0.91	-0.76	-0.02	0.27	-0.92	-0.51	-0.76	0.53		-0.51	-0.67	0.55
Total Current Assets	0.79	0.4	0.81	0.74	-0.2	0.67	0.8	0.89	0.71	-0.25	-0.51	0.66	0.69	0.8	0.69	0.83	0.26	-0.49	0.64	0.93	0.84	-0.65	-0.51		0.63	-0.79
Non Current Assets Total	0.76	-0.02	0.72	0.76	0.1	0.72	0.75	0.66	0.65	-0.33	-0.22	0.64	0.84	0.74	0.88	0.69	0.52	-0.22	0.77	0.77	0.71	-0.8	-0.67	0.63		-0.47
Non Currrent Assets Other	-0.74	-0.4	-0.75	-0.73	0.22	-0.68	-0.74	-0.84	-0.62	0.33	0.48	-0.52	-0.58	-0.74	-0.58	-0.7	-0.24	0.48	-0.49	-0.81	-0.68	0.76	0.55	-0.79	-0.47

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Chongqing Changan Account Relationship Matchups

Chongqing Changan fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	97.6B	120.9B	135.4B	146.0B	190.2B	199.7B
Other Current Liab	9.9B	11.3B	17.4B	16.2B	8.9B	7.7B
Total Current Liabilities	49.2B	62.6B	76.1B	79.9B	103.2B	108.4B
Total Stockholder Equity	44.0B	53.4B	55.7B	62.9B	71.9B	75.4B
Other Liab	4.4B	1.2B	2.8B	2.1B	2.4B	1.7B
Retained Earnings	33.7B	37.0B	38.9B	44.9B	49.6B	52.1B
Accounts Payable	32.3B	40.7B	47.9B	51.5B	75.7B	79.5B
Cash	10.1B	32.0B	52.0B	53.5B	64.9B	68.1B
Other Assets	2.4B	2.7B	3.0B	3.8B	4.4B	4.6B
Long Term Debt	912.7M	955.3M	600M	1.0B	1.1B	1.0B
Net Receivables	31.7B	2.1B	1.7B	3.1B	2.4B	2.3B
Inventory	3.4B	6.0B	6.9B	5.8B	13.5B	14.1B
Other Current Assets	2.1B	1.3B	4.5B	1.6B	9.7B	10.2B
Total Liab	53.7B	67.4B	79.5B	83.1B	115.5B	121.3B
Intangible Assets	6.0B	5.5B	5.1B	5.2B	17.3B	18.2B
Property Plant Equipment	28.7B	25.3B	22.9B	20.8B	24.0B	14.0B
Net Tangible Assets	38.8B	48.9B	51.3B	58.4B	67.2B	48.7B
Other Stockholder Equity	614.8M	685.6M	1.1B	2.2B	2.5B	2.6B
Deferred Long Term Liab	829.1M	607.2M	742.6M	749.6M	674.6M	681.1M
Total Current Assets	49.6B	72.9B	91.1B	102.1B	130.9B	81.9B
Non Current Assets Total	48.0B	48.0B	44.3B	44.0B	59.2B	51.9B
Non Currrent Assets Other	(4.7K)	50.3B	48.0B	450M	405M	384.8M
Non Current Liabilities Total	4.4B	4.8B	3.4B	3.2B	12.2B	12.9B
Short Long Term Debt	229.6M	578M	19M	29M	30.0M	28.5M
Net Invested Capital	44.3B	54.9B	56.4B	63.9B	73.0B	60.8B
Net Working Capital	373.4M	10.3B	15.0B	22.1B	27.7B	29.1B

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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.

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Chongqing Total Current Liabilities vs Long Term Investments Analysis

Total Current Liabilities vs Long Term Investments

Total Current Liabilities vs Long Term Investments Correlation Analysis

Correlation Coefficient

Total Current Liabilities

Long Term Investments

Chongqing Changan fundamental ratios Correlations

Chongqing Changan Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Chongqing Changan fundamental ratios Accounts

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Other Information on Investing in Chongqing Stock

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Total Current Liabilities	+ 1.0	Total Assets
Total Liab	+ 1.0	Total Current Liabilities
Total Liab	+ 1.0	Accounts Payable
Accounts Payable	+ 0.99	Total Assets
Total Liab	+ 0.99	Total Assets
Accounts Payable	+ 0.99	Total Current Liabilities

Long Term Investments	- 0.92	Good Will
Long Term Investments	- 0.91	Intangible Assets
Long Term Investments	- 0.91	Other Current Assets
Deferred Long Term Liab	- 0.85	Total Stockholder Equity
Deferred Long Term Liab	- 0.84	Net Tangible Assets
Non Currrent Assets Other	- 0.84	Cash