Anyang Other Current Liab vs Cash Analysis
600569 Stock | 1.86 0.02 1.06% |
Anyang Iron financial indicator trend analysis is way more than just evaluating Anyang Iron Steel prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Anyang Iron Steel is a good investment. Please check the relationship between Anyang Iron Other Current Liab and its Cash accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Anyang Iron Steel. 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.
Other Current Liab vs Cash
Other Current Liab vs Cash Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Anyang Iron Steel Other Current Liab account and Cash. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Anyang Iron's Other Current Liab and Cash is 0.48. Overlapping area represents the amount of variation of Other Current Liab that can explain the historical movement of Cash in the same time period over historical financial statements of Anyang Iron Steel, assuming nothing else is changed. The correlation between historical values of Anyang Iron's Other Current Liab and Cash is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Current Liab of Anyang Iron Steel are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Other Current Liab i.e., Anyang Iron's Other Current Liab and Cash go up and down completely randomly.
Correlation Coefficient | 0.48 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Other Current Liab
Cash
Cash refers to the most liquid asset of Anyang Iron Steel, which is listed under current asset account on Anyang Iron Steel balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Anyang Iron customers. The amounts must be unrestricted with restricted cash listed in a different Anyang Iron account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.Most indicators from Anyang Iron's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Anyang Iron Steel 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 Anyang Iron Steel. 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 547 M, whereas Tax Provision is projected to grow to (584 M).
Anyang Iron fundamental ratios Correlations
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Anyang Iron Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Anyang Iron fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 38.2B | 40.5B | 45.8B | 42.6B | 43.5B | 29.3B | |
Other Current Liab | 3.4B | 4.4B | 4.2B | 361.8M | 335.3M | 318.5M | |
Total Current Liabilities | 24.5B | 26.1B | 30.9B | 28.6B | 31.7B | 17.4B | |
Total Stockholder Equity | 9.9B | 10.0B | 10.8B | 7.5B | 5.9B | 8.0B | |
Other Liab | 610.2M | 303.1M | 362.0M | 524.2M | 602.9M | 633.0M | |
Retained Earnings | 2.4B | 2.5B | 3.4B | (1.7B) | (3.3B) | (3.1B) | |
Accounts Payable | 15.7B | 16.9B | 20.2B | 18.7B | 20.7B | 21.7B | |
Cash | 8.7B | 8.3B | 8.2B | 6.5B | 7.6B | 4.6B | |
Net Receivables | 2.5B | 564.2M | 639.9M | 734.7M | 664.1M | 630.9M | |
Inventory | 8.1B | 9.7B | 10.8B | 10.7B | 9.2B | 6.0B | |
Other Current Assets | 746.2M | 981.2M | 1.3B | 134.7M | 177.9M | 169.0M | |
Total Liab | 27.5B | 29.7B | 34.1B | 34.5B | 36.1B | 20.9B | |
Property Plant Equipment | 15.8B | 16.1B | 19.9B | 20.1B | 23.1B | 14.5B | |
Long Term Debt | 2.7B | 1.6B | 672.4M | 3.0B | 1.3B | 1.2B | |
Short Term Investments | 23.8M | 21.6M | 29.5M | 23.6M | 23.9M | 22.7M | |
Other Assets | 386.0M | 391.5M | 553.5M | 521.0M | 599.2M | 314.1M | |
Intangible Assets | 1.7B | 2.1B | 2.3B | 2.2B | 2.3B | 1.5B | |
Net Tangible Assets | 6.6B | 8.2B | 7.9B | 8.5B | 9.8B | 6.6B | |
Other Stockholder Equity | 85.6M | 79.6M | 65.6M | 65.9M | 75.8M | 77.5M | |
Short Long Term Debt | 4.0B | 4.5B | 4.8B | 4.9B | 4.6B | 4.7B | |
Total Current Assets | 20.0B | 21.5B | 22.7B | 19.4B | 19.4B | 19.6B | |
Non Current Assets Total | 18.2B | 19.0B | 23.1B | 23.2B | 24.1B | 22.5B | |
Non Currrent Assets Other | 289.1M | 289.6M | 376.2M | 290.1M | 333.6M | 329.3M | |
Non Current Liabilities Total | 3.0B | 3.6B | 3.3B | 5.9B | 4.4B | 4.2B | |
Non Current Liabilities Other | 1.1B | 1.6B | 1.7B | 14.7M | 13.3M | 12.6M | |
Net Invested Capital | 15.0B | 16.0B | 16.3B | 15.3B | 11.7B | 11.6B | |
Net Working Capital | (4.5B) | (4.6B) | (8.2B) | (9.2B) | (12.2B) | (12.8B) |
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Other Information on Investing in Anyang Stock
Balance Sheet is a snapshot of the financial position of Anyang Iron Steel at a specified time, usually calculated after every quarter, six months, or one year. Anyang Iron Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Anyang Iron 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 Anyang currently owns. An asset can also be divided into two categories, current and non-current.