Tangshan Non Currrent Assets Other vs Total Current Liabilities 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 Non Currrent Assets Other and its Total Current Liabilities 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.

Non Currrent Assets Other vs Total Current Liabilities

Non Currrent Assets Other vs Total Current Liabilities Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Tangshan Jidong Cement Non Currrent Assets Other account and Total Current Liabilities. At this time, the significance of the direction appears to have very week relationship.
The correlation between Tangshan Jidong's Non Currrent Assets Other and Total Current Liabilities is 0.23. Overlapping area represents the amount of variation of Non Currrent Assets Other that can explain the historical movement of Total Current Liabilities 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 Non Currrent Assets Other and Total Current Liabilities is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Non Currrent Assets Other of Tangshan Jidong Cement are associated (or correlated) with its Total Current Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Liabilities has no effect on the direction of Non Currrent Assets Other i.e., Tangshan Jidong's Non Currrent Assets Other and Total Current Liabilities go up and down completely randomly.

Correlation Coefficient

0.23
Relationship DirectionPositive 
Relationship StrengthVery Weak

Non Currrent Assets Other

Assets that are not physical or tangible, expected to provide value for more than one year, and not easily converted into cash, such as long-term investments or patents.

Total Current Liabilities

Total Current Liabilities is an item on Tangshan Jidong balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Tangshan Jidong Cement are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.
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 Profit9.8B7.1B2.4B3.3B
Total Revenue36.3B34.5B27.7B29.1B

Tangshan Jidong fundamental ratios Correlations

0.330.490.80.970.160.780.880.970.480.890.590.540.670.850.720.720.660.780.750.470.390.83-0.610.220.85
0.330.66-0.030.240.180.490.30.220.360.330.660.07-0.050.040.36-0.020.550.53-0.050.32-0.02-0.020.230.440.13
0.490.66-0.040.410.430.670.440.360.230.480.860.02-0.010.080.48-0.020.880.73-0.020.630.23-0.020.270.90.16
0.8-0.03-0.040.78-0.080.460.740.840.530.740.080.740.690.90.610.970.20.430.970.170.130.92-0.83-0.220.86
0.970.240.410.780.330.630.740.990.430.750.450.540.810.870.540.70.660.640.760.580.370.82-0.570.20.77
0.160.180.43-0.080.330.0-0.190.230.1-0.150.080.140.50.11-0.24-0.030.650.050.070.91-0.24-0.110.430.6-0.27
0.780.490.670.460.630.00.90.630.380.90.850.260.230.510.810.430.630.880.40.350.160.48-0.330.40.63
0.880.30.440.740.74-0.190.90.770.421.00.680.460.360.710.880.690.490.860.650.20.310.76-0.650.130.85
0.970.220.360.840.990.230.630.770.480.790.420.590.780.890.590.760.60.630.810.490.370.86-0.640.140.84
0.480.360.230.530.430.10.380.420.480.450.130.580.290.410.650.650.220.230.630.2-0.340.26-0.190.230.53
0.890.330.480.740.75-0.150.91.00.790.450.70.460.360.70.890.690.520.870.650.240.310.75-0.610.180.84
0.590.660.860.080.450.080.850.680.420.130.70.010.010.20.650.020.760.90.00.390.370.21-0.020.580.37
0.540.070.020.740.540.140.260.460.590.580.460.010.540.730.490.750.290.380.750.34-0.070.63-0.61-0.10.6
0.67-0.05-0.010.690.810.50.230.360.780.290.360.010.540.80.140.620.420.240.710.590.050.72-0.46-0.080.46
0.850.040.080.90.870.110.510.710.890.410.70.20.730.80.510.820.380.510.860.360.220.93-0.79-0.140.78
0.720.360.480.610.54-0.240.810.880.590.650.890.650.490.140.510.620.410.760.550.10.150.51-0.470.250.77
0.72-0.02-0.020.970.7-0.030.430.690.760.650.690.020.750.620.820.620.170.350.990.19-0.040.81-0.72-0.140.79
0.660.550.880.20.660.650.630.490.60.220.520.760.290.420.380.410.170.770.220.880.230.270.070.750.26
0.780.530.730.430.640.050.880.860.630.230.870.90.380.240.510.760.350.770.320.440.390.53-0.340.410.6
0.75-0.05-0.020.970.760.070.40.650.810.630.650.00.750.710.860.550.990.220.320.27-0.010.82-0.71-0.110.78
0.470.320.630.170.580.910.350.20.490.20.240.390.340.590.360.10.190.880.440.27-0.080.180.190.660.04
0.39-0.020.230.130.37-0.240.160.310.37-0.340.310.37-0.070.050.220.15-0.040.230.39-0.01-0.080.38-0.4-0.020.41
0.83-0.02-0.020.920.82-0.110.480.760.860.260.750.210.630.720.930.510.810.270.530.820.180.38-0.89-0.30.84
-0.610.230.27-0.83-0.570.43-0.33-0.65-0.64-0.19-0.61-0.02-0.61-0.46-0.79-0.47-0.720.07-0.34-0.710.19-0.4-0.890.54-0.82
0.220.440.9-0.220.20.60.40.130.140.230.180.58-0.1-0.08-0.140.25-0.140.750.41-0.110.66-0.02-0.30.54-0.12
0.850.130.160.860.77-0.270.630.850.840.530.840.370.60.460.780.770.790.260.60.780.040.410.84-0.82-0.12
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Tangshan Jidong Account Relationship Matchups

Tangshan Jidong fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets60.7B58.9B60.3B62.0B59.9B62.9B
Other Current Liab1.7B2.0B360.4M2.5B1.3B989.8M
Total Current Liabilities22.4B13.8B13.5B13.6B15.5B9.7B
Total Stockholder Equity15.4B17.7B31.8B30.7B28.4B29.8B
Property Plant And Equipment Net33.6B33.1B33.6B34.5B33.9B35.6B
Net Debt10.6B8.3B9.7B13.8B15.2B8.3B
Accounts Payable5.1B4.3B4.4B4.5B4.8B5.0B
Cash6.0B5.9B7.5B6.4B6.2B6.5B
Non Current Assets Total43.3B43.0B44.3B45.9B45.9B48.2B
Non Currrent Assets Other170.7M158.7M159.2M1.6B1.7B1.8B
Cash And Short Term Investments6.0B5.9B7.5B6.4B6.2B6.5B
Net Receivables8.1B7.0B4.8B4.7B4.0B3.2B
Common Stock Shares Outstanding1.5B1.3B1.7B2.7B2.6B1.4B
Liabilities And Stockholders Equity60.7B58.9B60.3B62.0B59.9B62.9B
Non Current Liabilities Total9.5B13.0B13.0B15.8B13.6B14.3B
Inventory2.9B2.7B3.2B4.3B3.1B3.3B
Other Current Assets480.2M380.8M503.7M729.0M599.5M629.5M
Other Stockholder Equity6.3B5.8B17.5B17.3B17.0B17.8B
Total Liab31.9B26.8B26.6B29.4B29.1B16.1B
Total Current Assets17.4B16.0B16.0B16.2B14.0B7.4B
Short Long Term Debt Total16.6B14.2B17.2B20.2B21.4B11.4B
Current Deferred Revenue5.0B3.6B2.5B555.0M598.9M808.5M
Retained Earnings6.7B8.7B10.3B9.6B7.7B8.1B
Short Term Investments19.2M(1.1B)(1.2B)(1.4B)(1.3B)(1.2B)
Short Term Debt10.7B3.9B6.2B6.0B8.8B5.8B
Other Liab1.2B1.3B1.3B1.4B1.6B1.6B
Long Term Debt8.1B10.2B10.9B14.0B12.1B7.5B
Property Plant Equipment33.6B33.1B33.6B34.5B39.7B20.5B
Intangible Assets5.2B5.4B5.9B6.3B6.8B7.1B
Net Tangible Assets9.8B12.0B25.6B24.0B27.6B14.8B
Deferred Long Term Liab1.1B1.2B1.4B1.5B1.7B1.1B
Short Long Term Debt7.6B2.3B3.0B3.3B2.4B2.3B
Non Current Liabilities Other567.9M575.7M420.4M439.4M491.2M395.7M
Net Invested Capital28.8B30.3B45.7B48.0B43.3B39.7B
Net Working Capital(5.0B)2.2B2.5B2.6B(1.5B)(1.6B)
Capital Lease Obligations87.8M76.5M65.3M127.7M129.1M107.5M

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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.