Xiangyang Short Term Debt vs Total Stockholder Equity Analysis

000678 Stock   5.77  0.03  0.52%   
Xiangyang Automobile financial indicator trend analysis is more than just analyzing Xiangyang Automobile current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Xiangyang Automobile is a good investment. Please check the relationship between Xiangyang Automobile Short Term Debt and its Total Stockholder Equity accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Xiangyang Automobile Bearing. 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.

Short Term Debt vs Total Stockholder Equity

Short Term Debt vs Total Stockholder Equity Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Xiangyang Automobile Short Term Debt account and Total Stockholder Equity. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Xiangyang Automobile's Short Term Debt and Total Stockholder Equity is 0.53. Overlapping area represents the amount of variation of Short Term Debt that can explain the historical movement of Total Stockholder Equity in the same time period over historical financial statements of Xiangyang Automobile Bearing, assuming nothing else is changed. The correlation between historical values of Xiangyang Automobile's Short Term Debt and Total Stockholder Equity is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Short Term Debt of Xiangyang Automobile Bearing are associated (or correlated) with its Total Stockholder Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Stockholder Equity has no effect on the direction of Short Term Debt i.e., Xiangyang Automobile's Short Term Debt and Total Stockholder Equity go up and down completely randomly.

Correlation Coefficient

0.53
Relationship DirectionPositive 
Relationship StrengthWeak

Short Term Debt

Total Stockholder Equity

The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.
Most indicators from Xiangyang Automobile's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Xiangyang Automobile 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 Xiangyang Automobile Bearing. 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 Selling General Administrative is expected to grow to about 59.1 M. The current year's Tax Provision is expected to grow to about 7 M
 2021 2022 2023 2024 (projected)
Cost Of Revenue1.2B1.1B1.2B768.2M
Total Revenue1.3B1.1B1.4B894.2M

Xiangyang Automobile fundamental ratios Correlations

-0.470.930.93-0.20.60.610.280.64-0.540.930.510.970.960.90.970.410.490.54-0.03-0.530.00.690.640.690.42
-0.47-0.32-0.520.21-0.37-0.11-0.51-0.770.17-0.41-0.5-0.39-0.51-0.25-0.41-0.290.16-0.46-0.180.35-0.16-0.53-0.44-0.49-0.32
0.93-0.320.75-0.410.720.570.00.44-0.450.870.420.980.870.950.940.580.580.29-0.25-0.650.180.680.550.750.24
0.93-0.520.750.050.420.580.430.73-0.490.910.530.820.930.760.860.190.330.70.19-0.32-0.170.60.610.530.52
-0.20.21-0.410.05-0.81-0.070.480.060.24-0.040.07-0.33-0.19-0.35-0.24-0.93-0.330.380.820.8-0.8-0.530.17-0.650.6
0.6-0.370.720.42-0.810.36-0.340.34-0.340.540.320.670.560.70.610.960.530.0-0.5-0.80.640.710.140.76-0.25
0.61-0.110.570.58-0.070.36-0.060.43-0.30.580.150.580.660.720.510.270.730.11-0.1-0.070.050.160.280.21-0.01
0.28-0.510.00.430.48-0.34-0.060.55-0.280.180.430.170.23-0.090.27-0.46-0.340.750.540.15-0.510.220.590.10.71
0.64-0.770.440.730.060.340.430.55-0.440.590.490.540.680.440.580.170.220.550.39-0.070.070.370.610.330.42
-0.540.17-0.45-0.490.24-0.34-0.3-0.28-0.44-0.310.1-0.54-0.56-0.35-0.56-0.28-0.58-0.170.130.3-0.11-0.34-0.17-0.34-0.04
0.93-0.410.870.91-0.040.540.580.180.59-0.310.630.880.880.870.90.310.40.580.13-0.41-0.110.610.640.590.49
0.51-0.50.420.530.070.320.150.430.490.10.630.460.360.370.490.15-0.160.720.27-0.25-0.190.610.730.520.52
0.97-0.390.980.82-0.330.670.580.170.54-0.540.880.460.910.930.980.510.550.41-0.16-0.610.10.70.610.750.34
0.96-0.510.870.93-0.190.560.660.230.68-0.560.880.360.910.860.890.380.510.41-0.04-0.420.030.550.50.560.32
0.9-0.250.950.76-0.350.70.72-0.090.44-0.350.870.370.930.860.890.550.640.27-0.23-0.540.230.590.50.660.17
0.97-0.410.940.86-0.240.610.510.270.58-0.560.90.490.980.890.890.420.490.53-0.03-0.580.070.720.660.740.44
0.41-0.290.580.19-0.930.960.27-0.460.17-0.280.310.150.510.380.550.420.48-0.21-0.67-0.80.750.62-0.030.71-0.46
0.490.160.580.33-0.330.530.73-0.340.22-0.580.4-0.160.550.510.640.490.48-0.21-0.25-0.260.330.140.040.24-0.17
0.54-0.460.290.70.380.00.110.750.55-0.170.580.720.410.410.270.53-0.21-0.210.5-0.12-0.450.560.70.40.75
-0.03-0.18-0.250.190.82-0.5-0.10.540.390.130.130.27-0.16-0.04-0.23-0.03-0.67-0.250.50.57-0.54-0.290.28-0.420.74
-0.530.35-0.65-0.320.8-0.8-0.070.15-0.070.3-0.41-0.25-0.61-0.42-0.54-0.58-0.8-0.26-0.120.57-0.46-0.87-0.17-0.910.06
0.0-0.160.18-0.17-0.80.640.05-0.510.07-0.11-0.11-0.190.10.030.230.070.750.33-0.45-0.54-0.460.23-0.220.36-0.61
0.69-0.530.680.6-0.530.710.160.220.37-0.340.610.610.70.550.590.720.620.140.56-0.29-0.870.230.50.960.22
0.64-0.440.550.610.170.140.280.590.61-0.170.640.730.610.50.50.66-0.030.040.70.28-0.17-0.220.50.530.68
0.69-0.490.750.53-0.650.760.210.10.33-0.340.590.520.750.560.660.740.710.240.4-0.42-0.910.360.960.530.13
0.42-0.320.240.520.6-0.25-0.010.710.42-0.040.490.520.340.320.170.44-0.46-0.170.750.740.06-0.610.220.680.13
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Xiangyang Automobile Account Relationship Matchups

Xiangyang Automobile fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets2.7B2.6B2.5B2.4B2.4B1.8B
Other Current Liab35.1M128.7M181.8M133.0M86.5M96.9M
Total Current Liabilities1.2B1.2B1.2B1.3B1.3B772.2M
Total Stockholder Equity1.2B1.1B1.0B872.5M838.8M802.1M
Retained Earnings(32.1M)(123.4M)(173.0M)(297.6M)(425.4M)(404.1M)
Accounts Payable432.7M441.6M400.5M592.2M674.1M707.8M
Cash152.7M94.4M134.4M198.8M178.1M112.1M
Long Term Debt152.4M159.8M71.8M34.2M10M9.5M
Net Receivables342.7M288.0M210.8M262.6M336.3M286.6M
Inventory494.5M418.6M443.7M434.0M407.9M341.6M
Other Current Assets27.0M23.8M22.1M28.7M17.6M21.2M
Total Liab1.4B1.4B1.4B1.4B1.5B919.5M
Intangible Assets310.1M300.3M289.1M260.0M284.2M171.6M
Property Plant Equipment1.3B1.2B1.1B1.1B1.2B742.4M
Other Assets35.5M41.3M37.6M73.8M84.9M89.1M
Other Liab70.6M52.6M69.0M95.0M109.2M73.4M
Net Tangible Assets889.3M790.4M747.3M612.5M551.3M640.7M
Other Stockholder Equity2.7M(14.8M)(19.5M)(22.7M)(20.4M)(19.4M)
Short Long Term Debt571.7M525.7M516.6M434.5M396.5M492.4M
Total Current Assets1.0B1.0B997.9M1.0B1.0B832.9M
Non Current Assets Total1.7B1.6B1.5B1.4B1.4B1.2B
Non Currrent Assets Other1.7B1.7B1.7B540.9K486.8K462.5K
Non Current Liabilities Total223.1M244.4M151.8M137.7M114.4M167.0M
Non Current Liabilities Other66.3M134.9M116.2M566.1K509.5K484.1K
Net Debt535.1M591.1M454.0M270.0M228.4M349.1M
Net Invested Capital1.9B1.8B1.6B1.3B1.2B1.3B
Net Working Capital(184.3M)(178.9M)(206.3M)(284.3M)(313.6M)(329.3M)

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Other Information on Investing in Xiangyang Stock

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