Tangshan Net Debt vs Short Term Investments Analysis

000401 Stock

5.72 0.07 1.21%

Tangshan Jidong financial indicator trend analysis is much more than just breaking down Tangshan Jidong Cement prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Tangshan Jidong Cement is a good investment. Please check the relationship between Tangshan Jidong Net Debt and its Short Term Investments accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Tangshan Jidong Cement. 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.

Net Debt vs Short Term Investments

Net Debt vs Short Term Investments Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Tangshan Jidong Cement Net Debt account and Short Term Investments. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between Tangshan Jidong's Net Debt and Short Term Investments is 0.43. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Short Term Investments in the same time period over historical financial statements of Tangshan Jidong Cement, assuming nothing else is changed. The correlation between historical values of Tangshan Jidong's Net 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 Net Debt of Tangshan Jidong Cement 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 Net Debt i.e., Tangshan Jidong's Net Debt and Short Term Investments go up and down completely randomly.

Correlation Coefficient

0.43

Relationship Direction	Positive
Relationship Strength	Weak

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Net Debt

The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.

Short Term Investments

Short Term Investments is an item under the current assets section of Tangshan Jidong balance sheet. It contains any investments Tangshan Jidong Cement undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that Tangshan Jidong Cement can easily liquidate in the marketplace.

Most indicators from Tangshan Jidong's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Tangshan Jidong Cement 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 Tangshan Jidong Cement. 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 1.4 B, whereas Tax Provision is projected to grow to (144.9 M).

	2021	2022	2023	2024 (projected)
Gross Profit	9.8B	7.1B	2.4B	3.3B
Total Revenue	36.3B	34.5B	27.7B	29.1B

Gross Profit Total Revenue

Tangshan Jidong fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Common Stock	Short Long Term Debt Total	Current Deferred Revenue	Retained Earnings	Short Term Investments	Short Term Debt	Other Liab
Total Assets		0.33	0.49	0.8	0.97	0.16	0.78	0.88	0.97	0.48	0.89	0.59	0.54	0.67	0.85	0.72	0.72	0.66	0.78	0.75	0.47	0.39	0.83	-0.61	0.22	0.85
Other Current Liab	0.33		0.66	-0.03	0.24	0.18	0.49	0.3	0.22	0.36	0.33	0.66	0.07	-0.05	0.04	0.36	-0.02	0.55	0.53	-0.05	0.32	-0.02	-0.02	0.23	0.44	0.13
Total Current Liabilities	0.49	0.66		-0.04	0.41	0.43	0.67	0.44	0.36	0.23	0.48	0.86	0.02	-0.01	0.08	0.48	-0.02	0.88	0.73	-0.02	0.63	0.23	-0.02	0.27	0.9	0.16
Total Stockholder Equity	0.8	-0.03	-0.04		0.78	-0.08	0.46	0.74	0.84	0.53	0.74	0.08	0.74	0.69	0.9	0.61	0.97	0.2	0.43	0.97	0.17	0.13	0.92	-0.83	-0.22	0.86
Property Plant And Equipment Net	0.97	0.24	0.41	0.78		0.33	0.63	0.74	0.99	0.43	0.75	0.45	0.54	0.81	0.87	0.54	0.7	0.66	0.64	0.76	0.58	0.37	0.82	-0.57	0.2	0.77
Net Debt	0.16	0.18	0.43	-0.08	0.33		0.0	-0.19	0.23	0.1	-0.15	0.08	0.14	0.5	0.11	-0.24	-0.03	0.65	0.05	0.07	0.91	-0.24	-0.11	0.43	0.6	-0.27
Accounts Payable	0.78	0.49	0.67	0.46	0.63	0.0		0.9	0.63	0.38	0.9	0.85	0.26	0.23	0.51	0.81	0.43	0.63	0.88	0.4	0.35	0.16	0.48	-0.33	0.4	0.63
Cash	0.88	0.3	0.44	0.74	0.74	-0.19	0.9		0.77	0.42	1.0	0.68	0.46	0.36	0.71	0.88	0.69	0.49	0.86	0.65	0.2	0.31	0.76	-0.65	0.13	0.85
Non Current Assets Total	0.97	0.22	0.36	0.84	0.99	0.23	0.63	0.77		0.48	0.79	0.42	0.59	0.78	0.89	0.59	0.76	0.6	0.63	0.81	0.49	0.37	0.86	-0.64	0.14	0.84
Non Currrent Assets Other	0.48	0.36	0.23	0.53	0.43	0.1	0.38	0.42	0.48		0.45	0.13	0.58	0.29	0.41	0.65	0.65	0.22	0.23	0.63	0.2	-0.34	0.26	-0.19	0.23	0.53
Cash And Short Term Investments	0.89	0.33	0.48	0.74	0.75	-0.15	0.9	1.0	0.79	0.45		0.7	0.46	0.36	0.7	0.89	0.69	0.52	0.87	0.65	0.24	0.31	0.75	-0.61	0.18	0.84
Net Receivables	0.59	0.66	0.86	0.08	0.45	0.08	0.85	0.68	0.42	0.13	0.7		0.01	0.01	0.2	0.65	0.02	0.76	0.9	0.0	0.39	0.37	0.21	-0.02	0.58	0.37
Common Stock Shares Outstanding	0.54	0.07	0.02	0.74	0.54	0.14	0.26	0.46	0.59	0.58	0.46	0.01		0.54	0.73	0.49	0.75	0.29	0.38	0.75	0.34	-0.07	0.63	-0.61	-0.1	0.6
Non Current Liabilities Total	0.67	-0.05	-0.01	0.69	0.81	0.5	0.23	0.36	0.78	0.29	0.36	0.01	0.54		0.8	0.14	0.62	0.42	0.24	0.71	0.59	0.05	0.72	-0.46	-0.08	0.46
Inventory	0.85	0.04	0.08	0.9	0.87	0.11	0.51	0.71	0.89	0.41	0.7	0.2	0.73	0.8		0.51	0.82	0.38	0.51	0.86	0.36	0.22	0.93	-0.79	-0.14	0.78
Other Current Assets	0.72	0.36	0.48	0.61	0.54	-0.24	0.81	0.88	0.59	0.65	0.89	0.65	0.49	0.14	0.51		0.62	0.41	0.76	0.55	0.1	0.15	0.51	-0.47	0.25	0.77
Other Stockholder Equity	0.72	-0.02	-0.02	0.97	0.7	-0.03	0.43	0.69	0.76	0.65	0.69	0.02	0.75	0.62	0.82	0.62		0.17	0.35	0.99	0.19	-0.04	0.81	-0.72	-0.14	0.79
Total Liab	0.66	0.55	0.88	0.2	0.66	0.65	0.63	0.49	0.6	0.22	0.52	0.76	0.29	0.42	0.38	0.41	0.17		0.77	0.22	0.88	0.23	0.27	0.07	0.75	0.26
Total Current Assets	0.78	0.53	0.73	0.43	0.64	0.05	0.88	0.86	0.63	0.23	0.87	0.9	0.38	0.24	0.51	0.76	0.35	0.77		0.32	0.44	0.39	0.53	-0.34	0.41	0.6
Common Stock	0.75	-0.05	-0.02	0.97	0.76	0.07	0.4	0.65	0.81	0.63	0.65	0.0	0.75	0.71	0.86	0.55	0.99	0.22	0.32		0.27	-0.01	0.82	-0.71	-0.11	0.78
Short Long Term Debt Total	0.47	0.32	0.63	0.17	0.58	0.91	0.35	0.2	0.49	0.2	0.24	0.39	0.34	0.59	0.36	0.1	0.19	0.88	0.44	0.27		-0.08	0.18	0.19	0.66	0.04
Current Deferred Revenue	0.39	-0.02	0.23	0.13	0.37	-0.24	0.16	0.31	0.37	-0.34	0.31	0.37	-0.07	0.05	0.22	0.15	-0.04	0.23	0.39	-0.01	-0.08		0.38	-0.4	-0.02	0.41
Retained Earnings	0.83	-0.02	-0.02	0.92	0.82	-0.11	0.48	0.76	0.86	0.26	0.75	0.21	0.63	0.72	0.93	0.51	0.81	0.27	0.53	0.82	0.18	0.38		-0.89	-0.3	0.84
Short Term Investments	-0.61	0.23	0.27	-0.83	-0.57	0.43	-0.33	-0.65	-0.64	-0.19	-0.61	-0.02	-0.61	-0.46	-0.79	-0.47	-0.72	0.07	-0.34	-0.71	0.19	-0.4	-0.89		0.54	-0.82
Short Term Debt	0.22	0.44	0.9	-0.22	0.2	0.6	0.4	0.13	0.14	0.23	0.18	0.58	-0.1	-0.08	-0.14	0.25	-0.14	0.75	0.41	-0.11	0.66	-0.02	-0.3	0.54		-0.12
Other Liab	0.85	0.13	0.16	0.86	0.77	-0.27	0.63	0.85	0.84	0.53	0.84	0.37	0.6	0.46	0.78	0.77	0.79	0.26	0.6	0.78	0.04	0.41	0.84	-0.82	-0.12

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Tangshan Jidong Account Relationship Matchups

Tangshan Jidong fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	60.7B	58.9B	60.3B	62.0B	59.9B	62.9B
Other Current Liab	1.7B	2.0B	360.4M	2.5B	1.3B	989.8M
Total Current Liabilities	22.4B	13.8B	13.5B	13.6B	15.5B	9.7B
Total Stockholder Equity	15.4B	17.7B	31.8B	30.7B	28.4B	29.8B
Property Plant And Equipment Net	33.6B	33.1B	33.6B	34.5B	33.9B	35.6B
Net Debt	10.6B	8.3B	9.7B	13.8B	15.2B	8.3B
Accounts Payable	5.1B	4.3B	4.4B	4.5B	4.8B	5.0B
Cash	6.0B	5.9B	7.5B	6.4B	6.2B	6.5B
Non Current Assets Total	43.3B	43.0B	44.3B	45.9B	45.9B	48.2B
Non Currrent Assets Other	170.7M	158.7M	159.2M	1.6B	1.7B	1.8B
Cash And Short Term Investments	6.0B	5.9B	7.5B	6.4B	6.2B	6.5B
Net Receivables	8.1B	7.0B	4.8B	4.7B	4.0B	3.2B
Common Stock Shares Outstanding	1.5B	1.3B	1.7B	2.7B	2.6B	1.4B
Liabilities And Stockholders Equity	60.7B	58.9B	60.3B	62.0B	59.9B	62.9B
Non Current Liabilities Total	9.5B	13.0B	13.0B	15.8B	13.6B	14.3B
Inventory	2.9B	2.7B	3.2B	4.3B	3.1B	3.3B
Other Current Assets	480.2M	380.8M	503.7M	729.0M	599.5M	629.5M
Other Stockholder Equity	6.3B	5.8B	17.5B	17.3B	17.0B	17.8B
Total Liab	31.9B	26.8B	26.6B	29.4B	29.1B	16.1B
Total Current Assets	17.4B	16.0B	16.0B	16.2B	14.0B	7.4B
Short Long Term Debt Total	16.6B	14.2B	17.2B	20.2B	21.4B	11.4B
Current Deferred Revenue	5.0B	3.6B	2.5B	555.0M	598.9M	808.5M
Retained Earnings	6.7B	8.7B	10.3B	9.6B	7.7B	8.1B
Short Term Investments	19.2M	(1.1B)	(1.2B)	(1.4B)	(1.3B)	(1.2B)
Short Term Debt	10.7B	3.9B	6.2B	6.0B	8.8B	5.8B
Other Liab	1.2B	1.3B	1.3B	1.4B	1.6B	1.6B
Long Term Debt	8.1B	10.2B	10.9B	14.0B	12.1B	7.5B
Property Plant Equipment	33.6B	33.1B	33.6B	34.5B	39.7B	20.5B
Intangible Assets	5.2B	5.4B	5.9B	6.3B	6.8B	7.1B
Net Tangible Assets	9.8B	12.0B	25.6B	24.0B	27.6B	14.8B
Deferred Long Term Liab	1.1B	1.2B	1.4B	1.5B	1.7B	1.1B
Short Long Term Debt	7.6B	2.3B	3.0B	3.3B	2.4B	2.3B
Non Current Liabilities Other	567.9M	575.7M	420.4M	439.4M	491.2M	395.7M
Net Invested Capital	28.8B	30.3B	45.7B	48.0B	43.3B	39.7B
Net Working Capital	(5.0B)	2.2B	2.5B	2.6B	(1.5B)	(1.6B)
Capital Lease Obligations	87.8M	76.5M	65.3M	127.7M	129.1M	107.5M

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Other Information on Investing in Tangshan Stock

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

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Tangshan Net Debt vs Short Term Investments Analysis

Net Debt vs Short Term Investments

Net Debt vs Short Term Investments Correlation Analysis

Correlation Coefficient

Net Debt

Short Term Investments

Tangshan Jidong fundamental ratios Correlations

Tangshan Jidong Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Tangshan Jidong fundamental ratios Accounts

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Other Information on Investing in Tangshan Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cash And Short Term Investments	+ 1.0	Cash
Non Current Assets Total	+ 0.99	Property Plant And Equipment Net
Common Stock	+ 0.99	Other Stockholder Equity
Property Plant And Equipment Net	+ 0.97	Total Assets
Non Current Assets Total	+ 0.97	Total Assets
Other Stockholder Equity	+ 0.97	Total Stockholder Equity

Short Term Investments	- 0.89	Retained Earnings
Short Term Investments	- 0.83	Total Stockholder Equity
Other Liab	- 0.82	Short Term Investments
Short Term Investments	- 0.79	Inventory
Short Term Investments	- 0.72	Other Stockholder Equity
Short Term Investments	- 0.71	Common Stock