North Other Current Liab vs Intangible Assets Analysis

000059 Stock   5.25  0.03  0.57%   
North Huajin financial indicator trend analysis is infinitely more than just investigating North Huajin Chemical recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether North Huajin Chemical is a good investment. Please check the relationship between North Huajin Other Current Liab and its Intangible Assets accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in North Huajin Chemical. 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 Intangible Assets

Other Current Liab vs Intangible Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of North Huajin Chemical Other Current Liab account and Intangible Assets. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between North Huajin's Other Current Liab and Intangible Assets is -0.07. Overlapping area represents the amount of variation of Other Current Liab that can explain the historical movement of Intangible Assets in the same time period over historical financial statements of North Huajin Chemical, assuming nothing else is changed. The correlation between historical values of North Huajin's Other Current Liab and Intangible Assets 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 North Huajin Chemical are associated (or correlated) with its Intangible Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Intangible Assets has no effect on the direction of Other Current Liab i.e., North Huajin's Other Current Liab and Intangible Assets go up and down completely randomly.

Correlation Coefficient

-0.07
Relationship DirectionNegative 
Relationship StrengthInsignificant

Other Current Liab

Intangible Assets

Non-physical assets possessed by a company, such as patents, trademarks, and copyrights, which provide long-term value.
Most indicators from North Huajin's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into North Huajin Chemical 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 North Huajin Chemical. 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 784.2 M, whereas Tax Provision is forecasted to decline to about 68 M.
 2021 2022 2023 2024 (projected)
Operating Income1.8B1.3B481.3M457.3M
Total Revenue38.6B49.1B46.1B24.3B

North Huajin fundamental ratios Correlations

0.480.630.720.70.340.470.310.460.160.840.490.860.610.80.760.480.29-0.17-0.110.070.250.210.310.27-0.17
0.480.56-0.040.130.21-0.24-0.270.290.110.590.320.7-0.07-0.040.67-0.16-0.440.30.31-0.23-0.54-0.12-0.34-0.370.47
0.630.560.050.360.1-0.180.33-0.210.410.510.180.840.460.330.77-0.26-0.420.450.56-0.46-0.410.41-0.340.080.49
0.72-0.040.050.770.120.830.390.4-0.040.460.640.270.680.890.140.910.81-0.63-0.510.350.730.290.760.61-0.64
0.70.130.360.770.10.570.40.110.080.490.460.410.610.760.330.640.52-0.53-0.130.050.490.510.460.65-0.36
0.340.210.10.120.10.24-0.010.51-0.320.480.020.39-0.20.110.380.120.17-0.07-0.320.430.24-0.230.260.0-0.29
0.47-0.24-0.180.830.570.240.310.42-0.10.340.410.050.430.67-0.10.830.92-0.81-0.80.690.870.050.920.58-0.92
0.31-0.270.330.390.4-0.010.31-0.31-0.04-0.040.220.140.720.590.00.160.27-0.05-0.080.160.270.390.310.53-0.2
0.460.29-0.210.40.110.510.42-0.31-0.170.60.120.35-0.140.260.380.460.37-0.37-0.540.480.37-0.510.38-0.26-0.42
0.160.110.41-0.040.08-0.32-0.1-0.04-0.170.06-0.050.250.430.180.24-0.24-0.270.090.45-0.47-0.240.26-0.22-0.110.32
0.840.590.510.460.490.480.34-0.040.60.060.20.830.210.520.720.290.18-0.1-0.150.180.19-0.060.230.0-0.12
0.490.320.180.640.460.020.410.220.12-0.050.20.210.440.410.070.630.35-0.26-0.08-0.040.170.440.420.44-0.15
0.860.70.840.270.410.390.050.140.350.250.830.210.350.460.950.0-0.190.230.22-0.16-0.190.08-0.13-0.070.23
0.61-0.070.460.680.61-0.20.430.72-0.140.430.210.440.350.870.210.370.33-0.18-0.01-0.070.290.480.320.5-0.16
0.8-0.040.330.890.760.110.670.590.260.180.520.410.460.870.330.630.61-0.39-0.320.230.590.310.570.53-0.45
0.760.670.770.140.330.38-0.10.00.380.240.720.070.950.210.33-0.09-0.310.280.31-0.27-0.280.03-0.29-0.190.33
0.48-0.16-0.260.910.640.120.830.160.46-0.240.290.630.00.370.63-0.090.89-0.77-0.610.410.80.230.820.6-0.75
0.29-0.44-0.420.810.520.170.920.270.37-0.270.180.35-0.190.330.61-0.310.89-0.82-0.80.670.970.110.950.64-0.94
-0.170.30.45-0.63-0.53-0.07-0.81-0.05-0.370.09-0.1-0.260.23-0.18-0.390.28-0.77-0.820.69-0.5-0.760.07-0.74-0.360.83
-0.110.310.56-0.51-0.13-0.32-0.8-0.08-0.540.45-0.15-0.080.22-0.01-0.320.31-0.61-0.80.69-0.93-0.770.45-0.79-0.20.92
0.07-0.23-0.460.350.050.430.690.160.48-0.470.18-0.04-0.16-0.070.23-0.270.410.67-0.5-0.930.67-0.460.730.19-0.83
0.25-0.54-0.410.730.490.240.870.270.37-0.240.190.17-0.190.290.59-0.280.80.97-0.76-0.770.670.090.910.62-0.92
0.21-0.120.410.290.51-0.230.050.39-0.510.26-0.060.440.080.480.310.030.230.110.070.45-0.460.090.10.760.14
0.31-0.34-0.340.760.460.260.920.310.38-0.220.230.42-0.130.320.57-0.290.820.95-0.74-0.790.730.910.10.62-0.91
0.27-0.370.080.610.650.00.580.53-0.26-0.110.00.44-0.070.50.53-0.190.60.64-0.36-0.20.190.620.760.62-0.48
-0.170.470.49-0.64-0.36-0.29-0.92-0.2-0.420.32-0.12-0.150.23-0.16-0.450.33-0.75-0.940.830.92-0.83-0.920.14-0.91-0.48
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North Huajin Account Relationship Matchups

North Huajin fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets29.4B27.9B32.1B32.6B31.9B22.7B
Other Current Liab816.4M629.3M2.5B1.9B79.5M75.5M
Total Current Liabilities9.0B7.5B7.7B11.3B6.8B9.0B
Total Stockholder Equity13.6B13.5B14.3B14.4B14.3B8.3B
Other Liab301.2M296.0M307.1M280.9M323.0M217.3M
Accounts Payable1.2B856.1M2.1B2.9B3.8B3.9B
Cash7.1B7.8B9.6B10.0B9.4B9.9B
Other Assets573.0M695.4M999.6M930.4M1.1B1.1B
Long Term Debt6.0B5.9B10.0B5.9B9.8B5.1B
Net Receivables532.6M190.5M256.9M103.3M170.5M327.5M
Inventory3.7B2.8B4.5B5.1B5.8B2.9B
Other Current Assets1.8B2.0B3.1B3.2B30.4M28.9M
Total Liab15.2B13.8B17.2B17.5B16.9B14.2B
Intangible Assets1.3B1.3B1.2B1.2B1.1B723.7M
Property Plant Equipment14.1B13.0B13.0B11.9B13.6B12.3B
Retained Earnings6.0B6.0B6.2B5.7B5.6B3.0B
Net Tangible Assets12.3B12.3B13.1B13.2B15.2B12.3B
Other Stockholder Equity47.8M26.3M6.1M8.7K7.8K7.4K
Deferred Long Term Liab133.4M232.5M527.0M463.2M532.6M559.3M
Short Long Term Debt6.7B1.6B1.4B1.0B1.0B950.6M
Total Current Assets13.3B12.9B17.8B18.6B19.2B16.2B
Non Current Assets Total16.0B15.0B14.6B14.1B12.7B12.5B
Non Currrent Assets Other162.0M169.6M164.3M159.7M247.0M337.6M
Non Current Liabilities Total6.2B6.3B10.4B6.3B10.1B6.9B
Non Current Liabilities Other53.0M8.7B5.8B144.0M120.9M114.8M
Net Debt5.1B5.3B1.8B1.3B1.2B1.1B
Net Invested Capital26.1B21.1B25.6B21.3B25.1B19.6B
Net Working Capital4.3B5.4B10.7B7.3B12.4B6.7B

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Other Information on Investing in North Stock

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