Hubei Total Current Liabilities vs Intangible Assets Analysis

688151 Stock

17.06 0.06 0.35%

Hubei Huaqiang financial indicator trend analysis is much more than just examining Hubei Huaqiang High latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Hubei Huaqiang High is a good investment. Please check the relationship between Hubei Huaqiang Total Current Liabilities and its Intangible Assets accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Hubei Huaqiang High Tech. 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.

Total Current Liabilities vs Intangible Assets

Total Current Liabilities vs Intangible Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Hubei Huaqiang High Total Current Liabilities account and Intangible Assets. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Hubei Huaqiang's Total Current Liabilities and Intangible Assets is 0.96. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Intangible Assets in the same time period over historical financial statements of Hubei Huaqiang High Tech, assuming nothing else is changed. The correlation between historical values of Hubei Huaqiang's Total Current Liabilities and Intangible Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Current Liabilities of Hubei Huaqiang High Tech are associated (or correlated) with its Intangible Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Intangible Assets has no effect on the direction of Total Current Liabilities i.e., Hubei Huaqiang's Total Current Liabilities and Intangible Assets go up and down completely randomly.

Correlation Coefficient

0.96

Relationship Direction	Positive
Relationship Strength	Very Strong

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Total Current Liabilities

Total Current Liabilities is an item on Hubei Huaqiang balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Hubei Huaqiang High Tech 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.

Intangible Assets

Non-physical assets possessed by a company, such as patents, trademarks, and copyrights, which provide long-term value.

Most indicators from Hubei Huaqiang's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Hubei Huaqiang High 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 Hubei Huaqiang High Tech. 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 (3.6 M). In addition to that, Selling General Administrative is expected to decline to about 27.4 M

	2021	2022	2023	2024 (projected)
Interest Income	21.3M	45.3M	28.9M	26.5M
Net Interest Income	20.4M	45.1M	28.8M	25.6M

Interest Income Net Interest Income

Hubei Huaqiang fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Total Liab	Net Invested Capital	Short Long Term Debt	Total Current Assets	Capital Stock	Net Working Capital	Intangible Assets	Property Plant And Equipment Net	Property Plant And Equipment Gross	Short Term Investments	Capital Lease Obligations
Total Assets		-0.8	-0.93	1.0	-0.68	-0.86	0.96	0.73	-0.89	0.91	0.96	-0.75	0.69	0.03	-0.9	1.0	-0.98	1.0	0.97	1.0	-0.83	0.85	0.91	-0.57	-0.5
Other Current Liab	-0.8		0.86	-0.8	0.92	0.64	-0.71	-0.52	0.94	-0.94	-0.71	0.68	-0.92	0.18	0.83	-0.8	0.88	-0.81	-0.76	-0.81	0.82	-0.75	-0.74	0.38	0.44
Total Current Liabilities	-0.93	0.86		-0.93	0.83	0.92	-0.82	-0.85	0.96	-0.96	-0.95	0.91	-0.84	-0.17	0.99	-0.93	0.98	-0.9	-0.96	-0.91	0.96	-0.94	-0.97	0.77	0.72
Total Stockholder Equity	1.0	-0.8	-0.93		-0.69	-0.86	0.96	0.74	-0.89	0.92	0.97	-0.75	0.7	0.05	-0.9	1.0	-0.98	0.99	0.97	1.0	-0.82	0.84	0.91	-0.58	-0.49
Retained Earnings	-0.68	0.92	0.83	-0.69		0.66	-0.56	-0.63	0.94	-0.92	-0.67	0.65	-0.99	0.11	0.8	-0.69	0.79	-0.66	-0.72	-0.67	0.77	-0.66	-0.68	0.5	0.48
Accounts Payable	-0.86	0.64	0.92	-0.86	0.66		-0.81	-0.9	0.84	-0.83	-0.94	0.9	-0.65	-0.2	0.93	-0.86	0.9	-0.83	-0.93	-0.83	0.89	-0.91	-0.93	0.87	0.81
Cash	0.96	-0.71	-0.82	0.96	-0.56	-0.81		0.59	-0.8	0.82	0.89	-0.62	0.53	-0.16	-0.78	0.96	-0.92	0.97	0.89	0.97	-0.71	0.75	0.79	-0.44	-0.4
Non Current Assets Total	0.73	-0.52	-0.85	0.74	-0.63	-0.9	0.59		-0.75	0.75	0.88	-0.83	0.67	0.52	-0.86	0.74	-0.76	0.67	0.88	0.68	-0.77	0.78	0.88	-0.93	-0.71
Non Currrent Assets Other	-0.89	0.94	0.96	-0.89	0.94	0.84	-0.8	-0.75		-1.0	-0.87	0.79	-0.93	0.06	0.93	-0.89	0.96	-0.87	-0.91	-0.88	0.89	-0.84	-0.86	0.62	0.59
Net Receivables	0.91	-0.94	-0.96	0.92	-0.92	-0.83	0.82	0.75	-1.0		0.89	-0.79	0.92	-0.02	-0.94	0.92	-0.97	0.9	0.92	0.9	-0.89	0.84	0.88	-0.6	-0.56
Common Stock Shares Outstanding	0.96	-0.71	-0.95	0.97	-0.67	-0.94	0.89	0.88	-0.87	0.89		-0.83	0.69	0.25	-0.94	0.97	-0.95	0.94	1.0	0.94	-0.85	0.88	0.96	-0.75	-0.61
Non Current Liabilities Total	-0.75	0.68	0.91	-0.75	0.65	0.9	-0.62	-0.83	0.79	-0.79	-0.83		-0.68	-0.35	0.95	-0.75	0.83	-0.71	-0.82	-0.71	0.97	-0.98	-0.94	0.89	0.93
Inventory	0.69	-0.92	-0.84	0.7	-0.99	-0.65	0.53	0.67	-0.93	0.92	0.69	-0.68		0.02	-0.82	0.7	-0.8	0.66	0.74	0.68	-0.79	0.68	0.72	-0.54	-0.49
Other Current Assets	0.03	0.18	-0.17	0.05	0.11	-0.2	-0.16	0.52	0.06	-0.02	0.25	-0.35	0.02		-0.22	0.05	-0.01	-0.04	0.2	-0.02	-0.18	0.23	0.34	-0.56	-0.34
Total Liab	-0.9	0.83	0.99	-0.9	0.8	0.93	-0.78	-0.86	0.93	-0.94	-0.94	0.95	-0.82	-0.22		-0.9	0.96	-0.87	-0.95	-0.88	0.98	-0.97	-0.98	0.81	0.78
Net Invested Capital	1.0	-0.8	-0.93	1.0	-0.69	-0.86	0.96	0.74	-0.89	0.92	0.97	-0.75	0.7	0.05	-0.9		-0.98	0.99	0.97	1.0	-0.82	0.84	0.91	-0.58	-0.49
Short Long Term Debt	-0.98	0.88	0.98	-0.98	0.79	0.9	-0.92	-0.76	0.96	-0.97	-0.95	0.83	-0.8	-0.01	0.96	-0.98		-0.97	-0.97	-0.97	0.91	-0.9	-0.93	0.64	0.61
Total Current Assets	1.0	-0.81	-0.9	0.99	-0.66	-0.83	0.97	0.67	-0.87	0.9	0.94	-0.71	0.66	-0.04	-0.87	0.99	-0.97		0.94	1.0	-0.8	0.83	0.88	-0.51	-0.45
Capital Stock	0.97	-0.76	-0.96	0.97	-0.72	-0.93	0.89	0.88	-0.91	0.92	1.0	-0.82	0.74	0.2	-0.95	0.97	-0.97	0.94		0.95	-0.86	0.88	0.95	-0.73	-0.6
Net Working Capital	1.0	-0.81	-0.91	1.0	-0.67	-0.83	0.97	0.68	-0.88	0.9	0.94	-0.71	0.68	-0.02	-0.88	1.0	-0.97	1.0	0.95		-0.8	0.82	0.88	-0.52	-0.45
Intangible Assets	-0.83	0.82	0.96	-0.82	0.77	0.89	-0.71	-0.77	0.89	-0.89	-0.85	0.97	-0.79	-0.18	0.98	-0.82	0.91	-0.8	-0.86	-0.8		-0.98	-0.95	0.79	0.85
Property Plant And Equipment Net	0.85	-0.75	-0.94	0.84	-0.66	-0.91	0.75	0.78	-0.84	0.84	0.88	-0.98	0.68	0.23	-0.97	0.84	-0.9	0.83	0.88	0.82	-0.98		0.97	-0.8	-0.86
Property Plant And Equipment Gross	0.91	-0.74	-0.97	0.91	-0.68	-0.93	0.79	0.88	-0.86	0.88	0.96	-0.94	0.72	0.34	-0.98	0.91	-0.93	0.88	0.95	0.88	-0.95	0.97		-0.83	-0.77
Short Term Investments	-0.57	0.38	0.77	-0.58	0.5	0.87	-0.44	-0.93	0.62	-0.6	-0.75	0.89	-0.54	-0.56	0.81	-0.58	0.64	-0.51	-0.73	-0.52	0.79	-0.8	-0.83		0.9
Capital Lease Obligations	-0.5	0.44	0.72	-0.49	0.48	0.81	-0.4	-0.71	0.59	-0.56	-0.61	0.93	-0.49	-0.34	0.78	-0.49	0.61	-0.45	-0.6	-0.45	0.85	-0.86	-0.77	0.9

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Hubei Huaqiang Account Relationship Matchups

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

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Hubei Total Current Liabilities vs Intangible Assets Analysis

Total Current Liabilities vs Intangible Assets

Total Current Liabilities vs Intangible Assets Correlation Analysis

Correlation Coefficient

Total Current Liabilities

Intangible Assets

Hubei Huaqiang fundamental ratios Correlations

Hubei Huaqiang Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Currently Active Assets on Macroaxis

Other Information on Investing in Hubei Stock

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Total Stockholder Equity	+ 1.0	Total Assets
Net Invested Capital	+ 1.0	Total Assets
Total Current Assets	+ 1.0	Total Assets
Net Working Capital	+ 1.0	Total Assets
Net Invested Capital	+ 1.0	Total Stockholder Equity
Net Working Capital	+ 1.0	Total Stockholder Equity

Net Receivables	- 1.0	Non Currrent Assets Other
Inventory	- 0.99	Retained Earnings
Property Plant And Equipment Net	- 0.98	Intangible Assets
Short Long Term Debt	- 0.98	Net Invested Capital
Property Plant And Equipment Gross	- 0.98	Total Liab
Property Plant And Equipment Net	- 0.98	Non Current Liabilities Total