Cinemark Total Liab vs Accounts Payable Analysis
CNK Stock | USD 17.14 0.40 2.28% |
Cinemark Holdings financial indicator trend analysis is way more than just evaluating Cinemark Holdings prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Cinemark Holdings is a good investment. Please check the relationship between Cinemark Holdings Total Liab and its Accounts Payable accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cinemark Holdings. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. For more information on how to buy Cinemark Stock please use our How to buy in Cinemark Stock guide.
Total Liab vs Accounts Payable
Total Liab vs Accounts Payable Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Cinemark Holdings Total Liab account and Accounts Payable. At this time, the significance of the direction appears to have no relationship.
The correlation between Cinemark Holdings' Total Liab and Accounts Payable is 0.06. Overlapping area represents the amount of variation of Total Liab that can explain the historical movement of Accounts Payable in the same time period over historical financial statements of Cinemark Holdings, assuming nothing else is changed. The correlation between historical values of Cinemark Holdings' Total Liab and Accounts Payable 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 Liab of Cinemark Holdings are associated (or correlated) with its Accounts Payable. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Accounts Payable has no effect on the direction of Total Liab i.e., Cinemark Holdings' Total Liab and Accounts Payable go up and down completely randomly.
Correlation Coefficient | 0.06 |
Relationship Direction | Positive |
Relationship Strength | Insignificant |
Total Liab
The total amount of all liabilities that a company has, including both short-term and long-term liabilities.Accounts Payable
An accounting item on the balance sheet that represents Cinemark Holdings obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Cinemark Holdings are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.Most indicators from Cinemark Holdings' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Cinemark Holdings 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 Cinemark Holdings. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. For more information on how to buy Cinemark Stock please use our How to buy in Cinemark Stock guide.At this time, Cinemark Holdings' Enterprise Value Over EBITDA is quite stable compared to the past year. Enterprise Value Multiple is expected to rise to 11.12 this year, although the value of Selling General Administrative will most likely fall to about 769.9 M.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 997.6M | 1.6B | 570.6M | 542.1M | Total Revenue | 1.5B | 2.5B | 3.1B | 2.3B |
Cinemark Holdings fundamental ratios Correlations
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Cinemark Holdings Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Cinemark Holdings fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 5.8B | 5.6B | 5.2B | 4.8B | 4.8B | 4.2B | |
Total Stockholder Equity | 1.4B | 788.0M | 322.9M | 110.2M | 309.8M | 294.3M | |
Property Plant And Equipment Net | 1.7B | 2.9B | 2.6B | 2.3B | 2.1B | 1.7B | |
Net Debt | 2.9B | 3.3B | 3.2B | 3.1B | 2.7B | 1.8B | |
Cash | 488.3M | 655.3M | 707.3M | 674.5M | 849.1M | 527.3M | |
Non Current Assets Total | 5.2B | 4.7B | 4.4B | 4.0B | 3.8B | 3.4B | |
Non Currrent Assets Other | 1.4B | 33.2M | 22.3M | 31.6M | 33.2M | 34.9M | |
Other Assets | 48.5M | 3.1B | 3.1B | 2.9B | 3.3B | 3.5B | |
Cash And Short Term Investments | 488.3M | 655.3M | 707.3M | 674.5M | 849.1M | 527.3M | |
Common Stock Shares Outstanding | 116.6M | 116.7M | 117.3M | 118.2M | 152M | 120.4M | |
Liabilities And Stockholders Equity | 5.8B | 5.6B | 5.2B | 4.8B | 4.8B | 4.2B | |
Other Stockholder Equity | 1.1B | 1.2B | 1.1B | 1.1B | 1.1B | 1.0B | |
Total Liab | 4.4B | 4.8B | 4.9B | 4.7B | 4.5B | 3.3B | |
Property Plant And Equipment Gross | 3.1B | 2.9B | 3.4B | 3.4B | 4.5B | 4.7B | |
Total Current Assets | 635.0M | 892.7M | 874.5M | 863.6M | 1.1B | 640.5M | |
Short Long Term Debt Total | 3.4B | 3.9B | 3.9B | 3.8B | 3.6B | 2.5B | |
Other Current Liab | 13.4M | 200.9M | 350.8M | 326.6M | 369.1M | 387.6M | |
Total Current Liabilities | 708.8M | 606.4M | 769.1M | 708.5M | 730.3M | 474.5M | |
Other Liab | 524.3M | 475.5M | 470.0M | 457.1M | 525.7M | 431.1M | |
Current Deferred Revenue | 364.3M | 43.4M | 54.5M | 64.5M | 73.6M | 69.9M | |
Retained Earnings | 687.3M | 27.9M | (389.4M) | (660.6M) | (472.4M) | (448.8M) | |
Accounts Payable | 91.6M | 70.6M | 76.0M | 72.2M | 53.3M | 84.8M | |
Long Term Debt | 1.9B | 2.4B | 2.5B | 2.5B | 2.4B | 2.0B | |
Net Receivables | 87.8M | 190.4M | 115.5M | 114.7M | 137.1M | 91.5M | |
Good Will | 1.3B | 1.3B | 1.2B | 1.3B | 1.3B | 1.3B | |
Non Current Liabilities Total | 3.7B | 4.2B | 4.1B | 4.0B | 3.8B | 2.9B | |
Inventory | 21.7M | 12.6M | 15.5M | 23.7M | 23.3M | 15.3M | |
Other Current Assets | 37.2M | 34.4M | 36.2M | 50.7M | 50.5M | 53.0M | |
Accumulated Other Comprehensive Income | (340.1M) | (398.7M) | (394.5M) | (353.2M) | (363.9M) | (345.7M) | |
Short Term Debt | 239.4M | 291.4M | 287.9M | 245.2M | 234.3M | 246.0M | |
Intangible Assets | 321.8M | 314.2M | 310.8M | 304.6M | 302.8M | 262.8M | |
Common Stock | 122K | 124K | 125K | 100K | 115K | 121.4K | |
Property Plant Equipment | 1.7B | 1.6B | 1.4B | 1.2B | 1.4B | 1.5B | |
Treasury Stock | (81.6M) | (87.0M) | (91.1M) | (95.4M) | (85.9M) | (90.2M) | |
Net Tangible Assets | 1.4B | 788.0M | 322.9M | 2.4B | 2.7B | 2.9B | |
Noncontrolling Interest In Consolidated Entity | 12.5M | 11.0M | 11.6M | 9.3M | 10.7M | 12.1M | |
Retained Earnings Total Equity | 686.5M | 687.3M | 27.9M | (389.4M) | (447.8M) | (425.4M) |
Pair Trading with Cinemark Holdings
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Cinemark Holdings position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Cinemark Holdings will appreciate offsetting losses from the drop in the long position's value.Moving together with Cinemark Stock
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The ability to find closely correlated positions to Cinemark Holdings could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cinemark Holdings when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Cinemark Holdings - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Cinemark Holdings to buy it.
The correlation of Cinemark Holdings is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Cinemark Holdings moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cinemark Holdings moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Cinemark Holdings can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cinemark Holdings. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. For more information on how to buy Cinemark Stock please use our How to buy in Cinemark Stock guide.You can also try the Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.
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Is Cinemark Holdings' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Cinemark Holdings. If investors know Cinemark will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Cinemark Holdings listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.38) | Earnings Share 1.34 | Revenue Per Share 25.749 | Quarterly Revenue Growth 0.065 | Return On Assets 0.0481 |
The market value of Cinemark Holdings is measured differently than its book value, which is the value of Cinemark that is recorded on the company's balance sheet. Investors also form their own opinion of Cinemark Holdings' value that differs from its market value or its book value, called intrinsic value, which is Cinemark Holdings' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Cinemark Holdings' market value can be influenced by many factors that don't directly affect Cinemark Holdings' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Cinemark Holdings' value and its price as these two are different measures arrived at by different means. Investors typically determine if Cinemark Holdings is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cinemark Holdings' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.