China Short Term Debt vs Short Term Investments Analysis

CAAS Stock  USD 4.04  0.05  1.22%   
China Automotive financial indicator trend analysis is way more than just evaluating China Automotive Systems prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether China Automotive Systems is a good investment. Please check the relationship between China Automotive Short Term Debt and its Short Term Investments accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in China Automotive Systems. 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.

Short Term Debt vs Short Term Investments

JavaScript chart by amCharts 3.21.1520142016201820202022202450M60M70M80M90M100M110M120M130M140M150M 2.5M5M10M15M20M25M30M35M
JavaScript chart by amCharts 3.21.15Short Term Debttotal: 1.3BShort Term Investmentstotal: 233.7M

Short Term Debt vs Short Term Investments Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of China Automotive Systems Short Term Debt account and Short Term Investments. At this time, the significance of the direction appears to have weak relationship.
Short Term DebtShort Term InvestmentsDiversified AwayShort Term DebtShort Term InvestmentsDiversified Away100%
The correlation between China Automotive's Short Term Debt and Short Term Investments is 0.31. Overlapping area represents the amount of variation of Short Term Debt that can explain the historical movement of Short Term Investments in the same time period over historical financial statements of China Automotive Systems, assuming nothing else is changed. The correlation between historical values of China Automotive's Short Term Debt and Short Term Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Short Term Debt of China Automotive Systems are associated (or correlated) with its Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Term Investments has no effect on the direction of Short Term Debt i.e., China Automotive's Short Term Debt and Short Term Investments go up and down completely randomly.

Correlation Coefficient

0.31
Relationship DirectionPositive 
Relationship StrengthVery Weak

Short Term Debt

Short Term Investments

Short Term Investments is an item under the current assets section of China Automotive balance sheet. It contains any investments China Automotive Systems undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that China Automotive Systems can easily liquidate in the marketplace.
Most indicators from China Automotive's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into China Automotive Systems 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 China Automotive Systems. 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.
At this time, China Automotive's Sales General And Administrative To Revenue is comparatively stable compared to the past year. Enterprise Value is likely to gain to about 214.9 M in 2024, whereas Selling General Administrative is likely to drop slightly above 18.4 M in 2024.
 2021 2022 2023 2024 (projected)
Gross Profit72.1M83.4M103.8M66.5M
Total Revenue498.0M529.6M576.4M354.5M

China Automotive fundamental ratios Correlations

0.980.070.790.690.860.880.860.950.970.880.210.990.990.80.85-0.390.570.550.63-0.030.670.80.170.450.87
0.980.130.80.630.820.830.830.970.960.830.120.970.960.80.83-0.330.610.470.580.00.710.80.150.340.86
0.070.130.12-0.5-0.270.10.040.180.160.1-0.420.10.040.06-0.16-0.220.78-0.18-0.42-0.220.140.450.5-0.34-0.2
0.790.80.120.520.630.630.750.790.740.630.020.790.780.690.76-0.410.480.580.590.30.620.6-0.020.290.79
0.690.63-0.50.520.920.60.580.550.630.60.390.660.690.420.69-0.050.150.50.660.210.240.27-0.250.470.81
0.860.82-0.270.630.920.770.70.740.850.770.330.850.850.60.7-0.240.350.450.550.120.340.580.070.380.85
0.880.830.10.630.60.770.910.840.911.00.340.870.850.610.61-0.50.530.30.43-0.360.540.860.430.320.59
0.860.830.040.750.580.70.910.880.850.910.470.830.850.570.71-0.410.440.440.57-0.260.710.780.240.470.66
0.950.970.180.790.550.740.840.880.930.840.180.930.930.760.78-0.370.60.460.55-0.10.750.840.230.380.78
0.970.960.160.740.630.850.910.850.930.910.20.980.960.750.71-0.470.630.390.45-0.070.580.90.360.30.78
0.880.830.10.630.60.771.00.910.840.910.340.870.850.610.61-0.50.530.30.43-0.360.540.860.430.320.59
0.210.12-0.420.020.390.330.340.470.180.20.340.150.21-0.220.15-0.08-0.210.110.29-0.190.030.180.080.450.13
0.990.970.10.790.660.850.870.830.930.980.870.150.990.830.82-0.420.590.520.57-0.010.650.820.230.380.85
0.990.960.040.780.690.850.850.850.930.960.850.210.990.810.87-0.40.540.630.66-0.040.670.770.150.520.87
0.80.80.060.690.420.60.610.570.760.750.61-0.220.830.810.76-0.320.370.550.57-0.010.750.610.080.310.7
0.850.83-0.160.760.690.70.610.710.780.710.610.150.820.870.76-0.130.320.820.910.110.750.42-0.320.70.91
-0.39-0.33-0.22-0.41-0.05-0.24-0.5-0.41-0.37-0.47-0.5-0.08-0.42-0.4-0.32-0.13-0.25-0.1-0.02-0.03-0.01-0.61-0.58-0.04-0.1
0.570.610.780.480.150.350.530.440.60.630.53-0.210.590.540.370.32-0.250.14-0.01-0.10.330.690.38-0.050.36
0.550.47-0.180.580.50.450.30.440.460.390.30.110.520.630.550.82-0.10.140.820.170.510.12-0.410.860.67
0.630.58-0.420.590.660.550.430.570.550.450.430.290.570.660.570.91-0.02-0.010.820.090.610.14-0.520.820.78
-0.030.0-0.220.30.210.12-0.36-0.26-0.1-0.07-0.36-0.19-0.01-0.04-0.010.11-0.03-0.10.170.09-0.28-0.28-0.45-0.150.31
0.670.710.140.620.240.340.540.710.750.580.540.030.650.670.750.75-0.010.330.510.61-0.280.51-0.070.420.57
0.80.80.450.60.270.580.860.780.840.90.860.180.820.770.610.42-0.610.690.120.14-0.280.510.680.080.44
0.170.150.5-0.02-0.250.070.430.240.230.360.430.080.230.150.08-0.32-0.580.38-0.41-0.52-0.45-0.070.68-0.35-0.26
0.450.34-0.340.290.470.380.320.470.380.30.320.450.380.520.310.7-0.04-0.050.860.82-0.150.420.08-0.350.51
0.870.86-0.20.790.810.850.590.660.780.780.590.130.850.870.70.91-0.10.360.670.780.310.570.44-0.260.51
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China Automotive Account Relationship Matchups

China Automotive fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets660.0M707.6M716.8M714.4M766.4M476.6M
Total Stockholder Equity289.2M303.2M321.0M311.7M344.5M190.3M
Net Debt47.4M(52.7M)(2.0M)(74.5M)27.8M29.2M
Retained Earnings221.2M215.5M226.4M247.2M284.8M299.1M
Cash76.7M97.2M131.7M121.2M114.7M63.6M
Cash And Short Term Investments82.5M107.4M133.5M134.1M125.7M74.0M
Common Stock Shares Outstanding31.5M31.1M30.9M30.6M30.2M30.3M
Liabilities And Stockholders Equity660.0M707.6M716.8M714.4M766.4M476.6M
Other Stockholder Equity60.2M59.0M58.5M56.0M64.4M42.3M
Total Current Assets441.2M475.7M501.4M520.7M564.1M354.0M
Other Current Liab68.7M82.5M61.3M59.9M71.0M52.8M
Total Current Liabilities303.8M354.5M351.8M364.2M383.7M243.2M
Total Liab350.6M387.6M379.3M386.9M398.0M256.5M
Accounts Payable116.7M225.3M146.1M150.6M160.6M111.9M
Non Current Assets Total218.8M231.9M215.4M193.6M202.4M129.2M
Non Currrent Assets Other2.9M7.6M24.8M46K598K568.1K
Short Long Term Debt Total124.1M45.5M129.7M46.7M142.5M83.1M
Other Liab34.4M31.9M27.5M22.0M25.3M26.5M
Property Plant And Equipment Net149.3M148.2M131.0M115.3M111.0M83.8M
Current Deferred Revenue1.7M2.4M2.4M5.7M8.6M4.7M
Other Assets26.6M39.4M29.9M15.9M18.3M19.0M
Net Receivables233.0M234.1M210.3M224.3M269.4M211.4M
Short Term Investments5.8M10.1M1.8M12.9M11.1M16.7M
Non Current Liabilities Total46.8M33.2M27.5M22.7M14.3M14.5M
Inventory82.9M88.3M116.5M112.2M112.4M62.1M
Other Current Assets42.7M45.8M41.1M50.1M56.5M59.4M
Property Plant And Equipment Gross149.3M148.2M344.6M115.3M338.0M354.9M
Accumulated Other Comprehensive Income7.8M28.7M36.2M8.4M3.6M3.4M
Short Term Debt116.7M44.4M129.7M130.4M141.2M85.6M
Intangible Assets11.7M12.5M12.5M10.8M13.1M19.5M
Property Plant Equipment140.4M141.3M127.9M107.1M123.1M90.8M
Net Tangible Assets287.9M290.7M308.5M300.8M345.9M296.7M
Noncontrolling Interest In Consolidated Entity6.7M19.0M20.2M16.2M14.6M13.3M
Long Term Debt291K4.9M1.1M528K1.2M2.2M
Retained Earnings Total Equity209.5M211.4M221.2M215.5M247.8M186.1M
Long Term Debt Total306K291K4.9M1.1M1.0M962.7K

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