| 200625 Stock | | | 3.61 0.01 0.28% |
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 Accounts Payable and its Long Term Debt 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.
Accounts Payable vs Long Term Debt
Accounts Payable vs Long Term Debt Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Chongqing Changan Accounts Payable account and
Long Term Debt. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Chongqing Changan's Accounts Payable and Long Term Debt is -0.26. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Long Term Debt 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 Accounts Payable and Long Term Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Accounts Payable of Chongqing Changan Automobile are associated (or correlated) with its Long Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Long Term Debt has no effect on the direction of Accounts Payable i.e., Chongqing Changan's Accounts Payable and Long Term Debt go up and down completely randomly.
Correlation Coefficient | -0.26 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Accounts Payable
An accounting item on the balance sheet that represents Chongqing Changan obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Chongqing Changan are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.
Long Term Debt
Long-term debt is a debt that Chongqing Changan has held for over one year. Long-term debt appears on Chongqing Changan Automobile 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 Chongqing Changan Automobile 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.
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 5.2
B.
Chongqing Changan fundamental ratios Correlations
Click cells to compare fundamentals
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
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.