Zhongzhu Long Term Debt vs Short Term Debt Analysis

600568 Stock   1.56  0.01  0.65%   
Zhongzhu Medical financial indicator trend analysis is more than just analyzing Zhongzhu Medical Holdings current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Zhongzhu Medical Holdings is a good investment. Please check the relationship between Zhongzhu Medical Long Term Debt and its Short Term Debt accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Zhongzhu Medical Holdings. 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.

Long Term Debt vs Short Term Debt

Long Term Debt vs Short Term Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Zhongzhu Medical Holdings Long Term Debt account and Short Term Debt. At this time, the significance of the direction appears to have strong relationship.
The correlation between Zhongzhu Medical's Long Term Debt and Short Term Debt is 0.65. Overlapping area represents the amount of variation of Long Term Debt that can explain the historical movement of Short Term Debt in the same time period over historical financial statements of Zhongzhu Medical Holdings, assuming nothing else is changed. The correlation between historical values of Zhongzhu Medical's Long Term Debt and Short 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 Long Term Debt of Zhongzhu Medical Holdings are associated (or correlated) with its Short Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Term Debt has no effect on the direction of Long Term Debt i.e., Zhongzhu Medical's Long Term Debt and Short Term Debt go up and down completely randomly.

Correlation Coefficient

0.65
Relationship DirectionPositive 
Relationship StrengthSignificant

Long Term Debt

Long-term debt is a debt that Zhongzhu Medical Holdings has held for over one year. Long-term debt appears on Zhongzhu Medical Holdings 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 Zhongzhu Medical Holdings 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.

Short Term Debt

Most indicators from Zhongzhu Medical's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Zhongzhu Medical Holdings 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 Zhongzhu Medical Holdings. 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 86.5 M, whereas Tax Provision is forecasted to decline to about 15.1 K.
 2021 2022 2023 2024 (projected)
Gross Profit166.2M127.5M161.1M178.5M
Research Development24.7M18.2M16.2M27.2M

Zhongzhu Medical fundamental ratios Correlations

0.570.260.960.540.17-0.110.890.080.730.35-0.190.370.850.420.350.260.630.760.85-0.080.33-0.390.43-0.550.09
0.570.740.390.240.740.210.490.610.460.750.470.840.63-0.38-0.35-0.10.040.380.29-0.63-0.380.410.610.250.53
0.260.740.0-0.010.570.710.360.770.130.830.70.910.45-0.42-0.45-0.46-0.150.02-0.15-0.33-0.540.540.420.50.23
0.960.390.00.510.04-0.320.84-0.150.710.12-0.390.120.740.530.480.420.660.820.930.00.47-0.550.34-0.70.06
0.540.24-0.010.51-0.08-0.230.38-0.010.780.1-0.020.210.610.380.23-0.090.480.240.5-0.020.37-0.280.33-0.44-0.37
0.170.740.570.04-0.080.230.310.640.280.580.520.610.38-0.77-0.780.14-0.410.350.11-0.79-0.740.790.810.640.63
-0.110.210.71-0.32-0.230.230.090.69-0.230.480.660.620.07-0.34-0.33-0.51-0.3-0.33-0.43-0.14-0.420.430.030.480.04
0.890.490.360.840.380.310.090.180.690.34-0.10.40.850.230.10.320.460.780.72-0.070.14-0.190.57-0.350.05
0.080.610.77-0.15-0.010.640.690.180.030.830.630.840.34-0.55-0.62-0.41-0.16-0.1-0.27-0.44-0.570.70.430.650.24
0.730.460.130.710.780.28-0.230.690.030.10.050.280.780.240.020.160.330.670.77-0.180.23-0.140.69-0.37-0.07
0.350.750.830.120.10.580.480.340.830.10.480.850.49-0.42-0.39-0.290.00.13-0.07-0.33-0.530.480.450.420.23
-0.190.470.7-0.39-0.020.520.66-0.10.630.050.480.68-0.03-0.64-0.63-0.63-0.62-0.22-0.37-0.42-0.630.680.380.630.1
0.370.840.910.120.210.610.620.40.840.280.850.680.56-0.4-0.44-0.460.00.04-0.05-0.47-0.440.530.470.430.25
0.850.630.450.740.610.380.070.850.340.780.49-0.030.560.190.00.160.540.590.64-0.210.11-0.030.61-0.210.09
0.42-0.38-0.420.530.38-0.77-0.340.23-0.550.24-0.42-0.64-0.40.190.880.040.760.140.470.620.94-0.92-0.43-0.89-0.46
0.35-0.35-0.450.480.23-0.78-0.330.1-0.620.02-0.39-0.63-0.440.00.880.160.640.080.40.480.82-0.95-0.6-0.88-0.25
0.26-0.1-0.460.42-0.090.14-0.510.32-0.410.16-0.29-0.63-0.460.160.040.160.10.580.53-0.160.04-0.230.2-0.290.38
0.630.04-0.150.660.48-0.41-0.30.46-0.160.330.0-0.620.00.540.760.640.10.210.460.310.77-0.63-0.21-0.67-0.26
0.760.380.020.820.240.35-0.330.78-0.10.670.13-0.220.040.590.140.080.580.210.85-0.070.08-0.230.64-0.420.16
0.850.29-0.150.930.50.11-0.430.72-0.270.77-0.07-0.37-0.050.640.470.40.530.460.85-0.110.43-0.490.44-0.660.15
-0.08-0.63-0.330.0-0.02-0.79-0.14-0.07-0.44-0.18-0.33-0.42-0.47-0.210.620.48-0.160.31-0.07-0.110.51-0.61-0.47-0.5-0.79
0.33-0.38-0.540.470.37-0.74-0.420.14-0.570.23-0.53-0.63-0.440.110.940.820.040.770.080.430.51-0.86-0.47-0.85-0.43
-0.390.410.54-0.55-0.280.790.43-0.190.7-0.140.480.680.53-0.03-0.92-0.95-0.23-0.63-0.23-0.49-0.61-0.860.490.960.39
0.430.610.420.340.330.810.030.570.430.690.450.380.470.61-0.43-0.60.2-0.210.640.44-0.47-0.470.490.280.23
-0.550.250.5-0.7-0.440.640.48-0.350.65-0.370.420.630.43-0.21-0.89-0.88-0.29-0.67-0.42-0.66-0.5-0.850.960.280.36
0.090.530.230.06-0.370.630.040.050.24-0.070.230.10.250.09-0.46-0.250.38-0.260.160.15-0.79-0.430.390.230.36
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Zhongzhu Medical Account Relationship Matchups

Zhongzhu Medical fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets4.8B4.5B4.5B3.7B3.0B3.1B
Other Current Liab469.5M291.9M239.6M234.9M9.2M8.7M
Total Current Liabilities695.8M459.2M402.7M463.3M372.7M743.6M
Total Stockholder Equity3.7B3.8B3.6B2.8B2.5B2.1B
Other Liab133.5M68.5M57.8M54.2M62.3M67.8M
Retained Earnings(1.3B)(1.2B)(1.4B)(2.2B)(2.6B)(2.5B)
Accounts Payable54.1M85.1M86.8M62.5M96.9M151.0M
Cash604.9M698.6M527.3M577.2M534.0M523.4M
Long Term Debt178.4M140.1M37.4M17.7M20.4M19.4M
Net Receivables739.0M108.9M80.1M91.6M94.2M89.5M
Inventory747.6M659.0M641.7M631.2M545.3M833.3M
Other Current Assets31.7M11.3M11.4M7.5M32.5M30.8M
Total Liab899.3M545.4M729.2M776.0M428.4M406.9M
Intangible Assets120.5M63.7M52.6M47.9M45.4M64.2M
Property Plant Equipment1.1B1.0B1.3B841.1M967.3M1.0B
Other Assets534.2M472.4M478.0M510.6M587.1M298.3M
Net Tangible Assets3.4B3.5B3.4B2.6B2.4B2.8B
Deferred Long Term Liab41.0M12.5M8.4M226.7M260.7M273.7M
Short Long Term Debt30M8M2.0M1.8M2.7M2.5M
Total Current Assets2.2B2.1B1.9B1.8B1.7B2.4B
Non Current Assets Total2.6B2.4B2.6B1.9B1.3B1.7B
Non Currrent Assets Other280.8M8.1M38.8M4.2M5.8M5.5M
Non Current Liabilities Total173.1M86.2M326.6M312.7M55.7M52.9M
Net Invested Capital3.8B3.8B3.6B2.8B2.5B3.1B
Net Working Capital1.5B1.6B1.5B1.4B1.3B1.7B

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Other Information on Investing in Zhongzhu Stock

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