Shenzhen Long Term Debt vs Total Current Liabilities Analysis

002813 Stock   25.96  0.39  1.53%   
Shenzhen RoadRover financial indicator trend analysis is much more than just breaking down Shenzhen RoadRover prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Shenzhen RoadRover is a good investment. Please check the relationship between Shenzhen RoadRover Long Term Debt and its Total Current Liabilities accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Shenzhen RoadRover 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 board of governors.

Long Term Debt vs Total Current Liabilities

Long Term Debt vs Total Current Liabilities Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Shenzhen RoadRover Long Term Debt account and Total Current Liabilities. At this time, the significance of the direction appears to have weak relationship.
The correlation between Shenzhen RoadRover's Long Term Debt and Total Current Liabilities is 0.32. Overlapping area represents the amount of variation of Long Term Debt that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of Shenzhen RoadRover Technology, assuming nothing else is changed. The correlation between historical values of Shenzhen RoadRover's Long Term Debt and Total Current Liabilities is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Long Term Debt of Shenzhen RoadRover Technology are associated (or correlated) with its Total Current Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Liabilities has no effect on the direction of Long Term Debt i.e., Shenzhen RoadRover's Long Term Debt and Total Current Liabilities go up and down completely randomly.

Correlation Coefficient

0.32
Relationship DirectionPositive 
Relationship StrengthVery Weak

Long Term Debt

Long-term debt is a debt that Shenzhen RoadRover has held for over one year. Long-term debt appears on Shenzhen RoadRover Technology balance sheet and also includes long-term leases. The most common forms of long term debt are bonds payable, long-term notes payable, mortgage payable, pension liabilities, and lease liabilities. In the corporate world, long-term debt is generally used to fund big-ticket items, such as machinery, buildings, and land. The total of long-term debt reported on Shenzhen RoadRover Technology balance sheet is the sum of the balances of all categories of long-term debt. Debt that is not due within the current year and is often considered to be financing activities that are to be repaid over several years.

Total Current Liabilities

Total Current Liabilities is an item on Shenzhen RoadRover balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Shenzhen RoadRover Technology 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.
Most indicators from Shenzhen RoadRover's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Shenzhen RoadRover 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 Shenzhen RoadRover 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 board of governors.
The current year's Tax Provision is expected to grow to about 14.9 M, whereas Selling General Administrative is forecasted to decline to about 30.4 M.
 2021 2022 2023 2024 (projected)
Cost Of Revenue308.5M273.9M220.2M408.3M
Research Development17.4M15.1M30.9M33.3M

Shenzhen RoadRover fundamental ratios Correlations

-0.30.940.830.450.670.890.620.520.870.870.790.940.740.430.550.06-0.050.75-0.010.770.880.890.20.330.66
-0.3-0.08-0.60.020.15-0.10.19-0.42-0.180.040.09-0.060.04-0.78-0.420.8-0.53-0.08-0.40.02-0.22-0.05-0.650.530.28
0.94-0.080.610.350.630.960.630.450.920.910.810.990.680.220.350.32-0.190.66-0.040.860.920.940.140.440.73
0.83-0.60.610.410.60.540.410.480.630.60.530.60.60.650.64-0.40.250.760.030.480.660.620.350.040.42
0.450.020.350.410.620.430.62-0.030.120.440.70.430.820.210.710.21-0.460.35-0.490.050.060.2-0.450.580.41
0.670.150.630.60.620.550.810.090.470.820.690.640.82-0.110.440.34-0.40.86-0.50.490.510.65-0.360.750.86
0.89-0.10.960.540.430.550.60.310.850.860.770.970.650.230.450.31-0.240.54-0.040.740.820.860.080.450.61
0.620.190.630.410.620.810.60.110.350.820.70.650.87-0.180.340.54-0.490.68-0.450.350.460.66-0.530.880.88
0.52-0.420.450.48-0.030.090.310.110.420.340.410.450.220.51-0.03-0.180.310.310.080.40.540.380.54-0.160.26
0.87-0.180.920.630.120.470.850.350.420.760.650.880.460.340.250.110.030.640.130.940.950.910.380.150.53
0.870.040.910.60.440.820.860.820.340.760.80.90.80.030.30.44-0.350.83-0.270.740.840.92-0.110.680.91
0.790.090.810.530.70.690.770.70.410.650.80.840.890.230.370.43-0.390.61-0.30.670.640.71-0.130.570.74
0.94-0.060.990.60.430.640.970.650.450.880.90.840.710.230.410.33-0.220.63-0.060.830.870.910.080.460.71
0.740.040.680.60.820.820.650.870.220.460.80.890.710.170.540.37-0.410.7-0.380.450.50.63-0.340.710.79
0.43-0.780.220.650.21-0.110.23-0.180.510.340.030.230.230.170.47-0.690.60.10.360.140.30.110.71-0.53-0.23
0.55-0.420.350.640.710.440.450.34-0.030.250.30.370.410.540.47-0.3-0.040.260.020.060.150.22-0.060.130.09
0.060.80.32-0.40.210.340.310.54-0.180.110.440.430.330.37-0.69-0.3-0.790.14-0.380.30.130.33-0.680.80.6
-0.05-0.53-0.190.25-0.46-0.4-0.24-0.490.310.03-0.35-0.39-0.22-0.410.6-0.04-0.79-0.130.49-0.140.04-0.190.76-0.77-0.47
0.75-0.080.660.760.350.860.540.680.310.640.830.610.630.70.10.260.14-0.13-0.290.620.720.79-0.040.510.8
-0.01-0.4-0.040.03-0.49-0.5-0.04-0.450.080.13-0.27-0.3-0.06-0.380.360.02-0.380.49-0.290.090.09-0.010.47-0.62-0.49
0.770.020.860.480.050.490.740.350.40.940.740.670.830.450.140.060.3-0.140.620.090.920.890.270.230.62
0.88-0.220.920.660.060.510.820.460.540.950.840.640.870.50.30.150.130.040.720.090.920.940.390.210.66
0.89-0.050.940.620.20.650.860.660.380.910.920.710.910.630.110.220.33-0.190.79-0.010.890.940.080.460.78
0.2-0.650.140.35-0.45-0.360.08-0.530.540.38-0.11-0.130.08-0.340.71-0.06-0.680.76-0.040.470.270.390.08-0.77-0.32
0.330.530.440.040.580.750.450.88-0.160.150.680.570.460.71-0.530.130.8-0.770.51-0.620.230.210.46-0.770.82
0.660.280.730.420.410.860.610.880.260.530.910.740.710.79-0.230.090.6-0.470.8-0.490.620.660.78-0.320.82
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Shenzhen RoadRover Account Relationship Matchups

Shenzhen RoadRover fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets1.1B540.5M589.3M551.3M511.4M705.3M
Other Current Liab59.7M37.5M71.5M68.5M23.3M22.2M
Total Current Liabilities738.8M130.7M174.5M144.5M133.3M126.6M
Total Stockholder Equity305.8M382.7M387.6M392.0M364.7M460.6M
Other Liab13.2M18.5M15.5M5.7M5.2M4.9M
Retained Earnings(21.3M)57.9M63.1M66.4M(5.7M)(5.4M)
Accounts Payable420.3M74.0M71.7M48.8M45.8M43.5M
Cash99.3M39.9M79.4M77.4M61.2M108.1M
Other Assets186.0M96.2M129.4M122.4M140.8M122.1M
Net Receivables450.8M64.5M134.2M49.2M44.6M42.4M
Inventory179.6M63.5M38.4M45.6M52.1M49.5M
Other Current Assets13.5M10.0M7.4M8.1M4.3M4.1M
Total Liab799.6M158.6M202.5M160.3M147.6M140.2M
Intangible Assets4.5M98.4K1.3M1.1M1.3M1.2M
Property Plant Equipment236.4M163.1M164.3M144.8M166.5M236.6M
Net Tangible Assets668.4M305.3M382.6M386.3M347.7M392.2M
Other Stockholder Equity871.1K6.4K(349.1K)753.7K866.7K910.0K
Deferred Long Term Liab24.9M8.5M4.4M3.3M2.9M2.8M
Short Long Term Debt244.6M5.0M10.0M10.0M19.8M18.8M
Total Current Assets763.2M243.7M299.7M285.1M252.8M480.7M
Non Current Assets Total340.8M296.8M289.7M266.2M258.5M285.8M
Non Currrent Assets Other1.0M624.0K1.2M600K229K217.6K
Non Current Liabilities Total60.8M27.8M28.1M15.8M14.3M24.4M
Non Current Liabilities Other1.1M5.8M7.8M3.5M2.1M2.0M
Net Invested Capital597.9M397.1M397.6M402.0M384.5M509.6M
Net Working Capital24.4M113.0M125.2M140.7M119.6M111.2M

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Other Information on Investing in Shenzhen Stock

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