Guangdong Total Assets vs Total Current Liabilities Analysis
688325 Stock | 53.71 2.10 4.07% |
Guangdong Cellwise financial indicator trend analysis is much more than just examining Guangdong Cellwise latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Guangdong Cellwise is a good investment. Please check the relationship between Guangdong Cellwise Total Assets and its Total Current Liabilities accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Guangdong Cellwise Microelectronics. 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 Assets vs Total Current Liabilities
Total Assets vs Total Current Liabilities Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Guangdong Cellwise Total Assets account and Total Current Liabilities. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Guangdong Cellwise's Total Assets and Total Current Liabilities is 0.8. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of Guangdong Cellwise Microelectronics, assuming nothing else is changed. The correlation between historical values of Guangdong Cellwise's Total Assets 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 Total Assets of Guangdong Cellwise Microelectronics 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 Total Assets i.e., Guangdong Cellwise's Total Assets and Total Current Liabilities go up and down completely randomly.
Correlation Coefficient | 0.8 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Total Assets
Total assets refers to the total amount of Guangdong Cellwise assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Guangdong Cellwise books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.Total Current Liabilities
Total Current Liabilities is an item on Guangdong Cellwise balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Guangdong Cellwise Microelectronics 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 Guangdong Cellwise's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Guangdong Cellwise 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 Guangdong Cellwise Microelectronics. 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 30.4 M, whereas Tax Provision is projected to grow to (4.5 M).
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 1.1M | 202.7K | 1.4M | 771.3K | Interest Income | 1.5M | 20.3M | 16.8M | 8.6M |
Guangdong Cellwise fundamental ratios Correlations
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Guangdong Cellwise Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Currently Active Assets on Macroaxis
Other Information on Investing in Guangdong Stock
Balance Sheet is a snapshot of the financial position of Guangdong Cellwise at a specified time, usually calculated after every quarter, six months, or one year. Guangdong Cellwise Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Guangdong Cellwise 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 Guangdong currently owns. An asset can also be divided into two categories, current and non-current.