Ping Total Assets vs Non Current Liabilities Total Analysis

000001 Stock   11.28  0.31  2.67%   
Ping An financial indicator trend analysis is much more than just breaking down Ping An Bank prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Ping An Bank is a good investment. Please check the relationship between Ping An Total Assets and its Non Current Liabilities Total accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Ping An Bank. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Total Assets vs Non Current Liabilities Total

Total Assets vs Non Current Liabilities Total Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Ping An Bank Total Assets account and Non Current Liabilities Total. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Ping An's Total Assets and Non Current Liabilities Total is 0.46. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Non Current Liabilities Total in the same time period over historical financial statements of Ping An Bank, assuming nothing else is changed. The correlation between historical values of Ping An's Total Assets and Non Current Liabilities Total 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 Ping An Bank are associated (or correlated) with its Non Current Liabilities Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Liabilities Total has no effect on the direction of Total Assets i.e., Ping An's Total Assets and Non Current Liabilities Total go up and down completely randomly.

Correlation Coefficient

0.46
Relationship DirectionPositive 
Relationship StrengthWeak

Total Assets

Total assets refers to the total amount of Ping An 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 Ping An Bank 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.

Non Current Liabilities Total

Most indicators from Ping An's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Ping An Bank 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 Ping An Bank. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
The current year's Selling General Administrative is expected to grow to about 40.3 B, whereas Tax Provision is forecasted to decline to about 9.6 B.
 2023 2024 (projected)
Operating Income42.9B27.2B
Total Revenue164.6B172.8B

Ping An fundamental ratios Correlations

0.990.920.690.920.960.20.990.920.570.960.880.860.970.01-0.370.460.950.160.95-0.53-0.450.590.960.95-0.55
0.990.930.750.90.980.280.990.90.50.980.920.880.99-0.02-0.450.450.910.090.92-0.53-0.510.540.970.96-0.59
0.920.930.770.860.950.290.910.860.40.950.90.890.870.02-0.530.460.860.010.87-0.55-0.570.390.970.95-0.34
0.690.750.770.470.80.630.720.47-0.050.810.90.760.74-0.22-0.70.310.55-0.250.52-0.3-0.570.270.770.68-0.38
0.920.90.860.470.86-0.040.881.00.730.90.710.780.870.16-0.220.450.910.230.94-0.67-0.520.430.880.95-0.46
0.960.980.950.80.860.290.960.860.350.970.940.950.960.07-0.610.510.860.020.86-0.53-0.580.470.980.95-0.53
0.20.280.290.63-0.040.290.24-0.04-0.320.290.590.150.3-0.8-0.49-0.210.0-0.520.01-0.05-0.14-0.020.320.18-0.26
0.990.990.910.720.880.960.240.880.510.950.890.860.97-0.02-0.40.460.940.140.93-0.49-0.40.630.950.92-0.57
0.920.90.860.471.00.86-0.040.880.730.90.710.780.870.16-0.220.450.910.230.94-0.67-0.520.430.880.95-0.46
0.570.50.4-0.050.730.35-0.320.510.730.470.180.170.440.00.50.140.70.470.73-0.4-0.10.390.440.55-0.2
0.960.980.950.810.90.970.290.950.90.470.920.890.950.0-0.490.450.880.040.89-0.6-0.630.420.970.97-0.49
0.880.920.90.90.710.940.590.890.710.180.920.860.91-0.21-0.690.370.73-0.150.72-0.48-0.540.380.930.86-0.53
0.860.880.890.760.780.950.150.860.780.170.890.860.880.31-0.720.580.75-0.010.75-0.5-0.640.350.890.87-0.47
0.970.990.870.740.870.960.30.970.870.440.950.910.88-0.02-0.490.450.860.060.87-0.51-0.520.530.950.93-0.68
0.01-0.020.02-0.220.160.07-0.8-0.020.160.00.0-0.210.31-0.02-0.110.470.080.30.09-0.1-0.22-0.04-0.030.070.1
-0.37-0.45-0.53-0.7-0.22-0.61-0.49-0.4-0.220.5-0.49-0.69-0.72-0.49-0.11-0.34-0.160.4-0.160.280.50.01-0.51-0.420.31
0.460.450.460.310.450.51-0.210.460.450.140.450.370.580.450.47-0.340.440.70.38-0.34-0.40.280.390.440.07
0.950.910.860.550.910.860.00.940.910.70.880.730.750.860.08-0.160.440.290.97-0.48-0.320.630.880.89-0.4
0.160.090.01-0.250.230.02-0.520.140.230.470.04-0.15-0.010.060.30.40.70.290.21-0.090.130.37-0.040.060.25
0.950.920.870.520.940.860.010.930.940.730.890.720.750.870.09-0.160.380.970.21-0.55-0.40.510.910.93-0.46
-0.53-0.53-0.55-0.3-0.67-0.53-0.05-0.49-0.67-0.4-0.6-0.48-0.5-0.51-0.10.28-0.34-0.48-0.09-0.550.490.16-0.57-0.640.14
-0.45-0.51-0.57-0.57-0.52-0.58-0.14-0.4-0.52-0.1-0.63-0.54-0.64-0.52-0.220.5-0.4-0.320.13-0.40.490.22-0.57-0.660.23
0.590.540.390.270.430.47-0.020.630.430.390.420.380.350.53-0.040.010.280.630.370.510.160.220.410.37-0.4
0.960.970.970.770.880.980.320.950.880.440.970.930.890.95-0.03-0.510.390.88-0.040.91-0.57-0.570.410.97-0.52
0.950.960.950.680.950.950.180.920.950.550.970.860.870.930.07-0.420.440.890.060.93-0.64-0.660.370.97-0.5
-0.55-0.59-0.34-0.38-0.46-0.53-0.26-0.57-0.46-0.2-0.49-0.53-0.47-0.680.10.310.07-0.40.25-0.460.140.23-0.4-0.52-0.5
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Ping An Account Relationship Matchups

Ping An fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets3.9T4.5T4.9T5.3T5.6T5.9T
Total Stockholder Equity313.0B364.1B395.4B434.7B472.3B495.9B
Property Plant And Equipment Net18.6B18.0B18.7B17.6B15.6B16.4B
Net Debt79.0B167.8B360.8B218.2B185.0B194.2B
Cash468.5B492.5B502.5B534.1B598.6B628.6B
Non Current Assets Total1.1T1.2T1.3T1.4T1.5T1.5T
Non Currrent Assets Other(36.3B)(40.5B)(41.3B)(46.5B)(50.1B)(52.6B)
Other Assets2.4T2.8T3.1T3.4T3.5T3.7T
Cash And Short Term Investments468.5B492.5B502.5B534.1B598.6B628.6B
Liabilities And Stockholders Equity3.9T4.5T4.9T5.3T5.6T5.9T
Total Current Assets468.5B492.5B502.5B534.1B598.6B628.6B
Short Long Term Debt Total547.4B660.2B863.3B752.3B783.6B822.8B
Other Current Liab880.8B1.2T1.2T1.3T1.3T1.4T
Total Current Liabilities1.9T2.4T2.5T2.6T2.7T2.9T
Retained Earnings113.4B131.2B154.4B186.3B221.3B232.3B
Accounts Payable6.2B4.3B6.0B5.4B10.4B9.9B
Net Receivables1.6B2.4B3.4B4.9B5.6B5.3B
Non Current Liabilities Total547.4B660.2B863.3B4.9T783.6B460.3B
Other Stockholder Equity105.3B107.9B100.8B130.8B130.8B137.3B
Total Liab547.4B660.2B863.3B4.9T783.6B1.0T
Other Liab13.1B11.0B15.5B13.2B11.9B22.4B
Intangible Assets4.4B3.9B5.8B6.9B6.6B7.0B
Property Plant Equipment19.5B19.4B19.5B18.4B21.2B22.2B
Net Tangible Assets281.1B332.8B362.1B400.3B460.3B287.7B
Inventory4.0B2.4B439M360M324M307.8M
Other Current Assets698.7B888.8B926.0B1.1T1.2T762.3B
Deferred Long Term Liab1.9B1.6B1.8B1.6B1.8B1.8B
Long Term Investments1.1T1.2T1.3T1.4T1.4T1.1T
Net Invested Capital832.9B997.1B1.2T1.2T1.2T1.0T

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Other Information on Investing in Ping Stock

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