Guangdong Other Current Liab vs Other Liab Analysis

002759 Stock   47.17  1.73  3.81%   
Guangdong Tonze financial indicator trend analysis is much more than just examining Guangdong Tonze Electric latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Guangdong Tonze Electric is a good investment. Please check the relationship between Guangdong Tonze Other Current Liab and its Other Liab accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Guangdong Tonze Electric. 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 Other Liab

Other Current Liab vs Other Liab Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Guangdong Tonze Electric Other Current Liab account and Other Liab. At this time, the significance of the direction appears to have strong relationship.
The correlation between Guangdong Tonze's Other Current Liab and Other Liab is 0.69. Overlapping area represents the amount of variation of Other Current Liab that can explain the historical movement of Other Liab in the same time period over historical financial statements of Guangdong Tonze Electric, assuming nothing else is changed. The correlation between historical values of Guangdong Tonze's Other Current Liab and Other Liab 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 Guangdong Tonze Electric are associated (or correlated) with its Other Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Liab has no effect on the direction of Other Current Liab i.e., Guangdong Tonze's Other Current Liab and Other Liab go up and down completely randomly.

Correlation Coefficient

0.69
Relationship DirectionPositive 
Relationship StrengthSignificant

Other Current Liab

Other Liab

Most indicators from Guangdong Tonze's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Guangdong Tonze Electric 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 Tonze Electric. 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 73.1 M, whereas Tax Provision is forecasted to decline to about 3.6 M.
 2022 2024 2025 (projected)
Research Development140.1M105.8M60.5M
Income Tax Expense110.2M126.8M133.1M

Guangdong Tonze fundamental ratios Correlations

0.40.850.950.580.820.80.830.40.880.930.740.820.970.860.960.950.940.330.560.71-0.740.660.750.830.82
0.40.330.380.440.240.350.60.170.340.29-0.040.310.320.310.530.550.430.690.130.8-0.450.220.230.470.54
0.850.330.690.360.990.910.950.720.730.890.631.00.90.590.790.810.910.050.70.65-0.790.870.720.710.77
0.950.380.690.550.650.620.690.190.890.810.740.660.870.950.910.870.80.460.340.62-0.650.490.680.780.73
0.580.440.360.550.370.510.44-0.110.50.640.050.310.540.340.540.550.660.350.270.66-0.190.050.130.490.5
0.820.240.990.650.370.920.910.720.690.890.590.990.890.530.730.760.9-0.040.760.59-0.710.850.620.610.68
0.80.350.910.620.510.920.860.770.550.840.410.930.840.420.680.720.91-0.040.870.77-0.550.870.550.560.64
0.830.60.950.690.440.910.860.640.730.840.490.930.850.580.820.860.890.270.610.79-0.810.780.640.730.81
0.40.170.720.19-0.110.720.770.640.120.410.240.780.460.080.280.350.53-0.30.810.46-0.410.930.440.220.33
0.880.340.730.890.50.690.550.730.120.870.740.680.860.880.920.90.790.510.240.52-0.780.420.70.840.78
0.930.290.890.810.640.890.840.840.410.870.650.860.970.690.880.90.970.190.620.65-0.710.640.670.790.79
0.74-0.040.630.740.050.590.410.490.240.740.650.60.770.830.750.690.590.120.250.16-0.710.50.80.680.62
0.820.311.00.660.310.990.930.930.780.680.860.60.880.550.750.780.890.010.740.65-0.760.910.70.670.74
0.970.320.90.870.540.890.840.850.460.860.970.770.880.780.940.930.960.190.630.66-0.770.710.760.810.82
0.860.310.590.950.340.530.420.580.080.880.690.830.550.780.880.820.650.50.150.45-0.70.390.720.770.7
0.960.530.790.910.540.730.680.820.280.920.880.750.750.940.880.980.880.490.40.71-0.840.550.780.90.89
0.950.550.810.870.550.760.720.860.350.90.90.690.780.930.820.980.910.480.450.74-0.840.590.780.90.89
0.940.430.910.80.660.90.910.890.530.790.970.590.890.960.650.880.910.20.690.78-0.710.720.690.790.83
0.330.690.050.460.35-0.04-0.040.27-0.30.510.190.120.010.190.50.490.480.2-0.270.48-0.33-0.130.220.470.37
0.560.130.70.340.270.760.870.610.810.240.620.250.740.630.150.40.450.69-0.270.53-0.230.820.280.190.27
0.710.80.650.620.660.590.770.790.460.520.650.160.650.660.450.710.740.780.480.53-0.530.580.480.650.71
-0.74-0.45-0.79-0.65-0.19-0.71-0.55-0.81-0.41-0.78-0.71-0.71-0.76-0.77-0.7-0.84-0.84-0.71-0.33-0.23-0.53-0.6-0.89-0.9-0.92
0.660.220.870.490.050.850.870.780.930.420.640.50.910.710.390.550.590.72-0.130.820.58-0.60.650.460.54
0.750.230.720.680.130.620.550.640.440.70.670.80.70.760.720.780.780.690.220.280.48-0.890.650.890.87
0.830.470.710.780.490.610.560.730.220.840.790.680.670.810.770.90.90.790.470.190.65-0.90.460.890.97
0.820.540.770.730.50.680.640.810.330.780.790.620.740.820.70.890.890.830.370.270.71-0.920.540.870.97
Click cells to compare fundamentals

Guangdong Tonze Account Relationship Matchups

Guangdong Tonze fundamental ratios Accounts

202020212022202320242025 (projected)
Total Assets3.2B4.6B6.2B7.7B6.3B4.4B
Other Current Liab60.4M276.4M32.8M83.3M78.0M59.9M
Total Current Liabilities568.1M860.4M2.0B2.2B2.3B2.4B
Total Stockholder Equity2.7B3.4B3.8B4.7B3.2B3.1B
Retained Earnings349.0M1.1B1.5B1.3B(94.8M)(90.0M)
Accounts Payable111.3M343.7M1.6B1.5B1.5B1.6B
Cash64.4M505.3M1.0B1.9B1.1B1.1B
Other Assets46.9M42.7M39.1M208.8M240.2M252.2M
Net Receivables228.6M466.6M667.8M406.8M542.6M403.8M
Inventory106.4M189.8M431.2M384.8M326.5M217.2M
Other Current Assets103.9M24.3M88.7M78.8M141.0M83.9M
Total Liab521.4M872.4M2.1B2.6B2.6B2.8B
Intangible Assets128.3M153.1M289.6M311.6M301.6M181.5M
Property Plant Equipment641.0M645.3M630.0M915.5M1.1B618.2M
Net Tangible Assets1.5B1.1B1.1B1.8B2.1B1.2B
Total Current Assets912.2M1.7B2.9B3.4B2.5B1.7B
Other Liab4.1M2.3M12.0M1.4M1.6M1.5M
Non Current Assets Total2.4B2.8B3.3B4.3B3.8B3.4B
Non Currrent Assets Other33.4M173.2M62.6M177.7M73.8M76.4M
Non Current Liabilities Total2.3M12.0M37.3M385.3M353.6M371.3M
Short Long Term Debt378.3M145M177.4M370.9M535.0M291.7M
Net Invested Capital3.0B3.6B4.0B5.3B4.0B4.1B
Net Working Capital293.8M884.3M882.4M1.2B228.8M217.3M
Property Plant And Equipment Net630.0M915.5M1.4B1.9B2.6B1.5B
Property Plant And Equipment Gross895.8M1.2B1.4B2.5B3.3B1.9B

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Other Information on Investing in Guangdong Stock

Balance Sheet is a snapshot of the financial position of Guangdong Tonze Electric at a specified time, usually calculated after every quarter, six months, or one year. Guangdong Tonze Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Guangdong Tonze 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.