Ningxia Long Term Debt vs Common Stock Analysis

000635 Stock

8.27 0.05 0.60%

Ningxia Younglight financial indicator trend analysis is infinitely more than just investigating Ningxia Younglight recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Ningxia Younglight is a good investment. Please check the relationship between Ningxia Younglight Long Term Debt and its Common Stock accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Ningxia Younglight Chemicals. 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.

Long Term Debt vs Common Stock

Long Term Debt vs Common Stock Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Ningxia Younglight Long Term Debt account and Common Stock. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Ningxia Younglight's Long Term Debt and Common Stock is -0.25. Overlapping area represents the amount of variation of Long Term Debt that can explain the historical movement of Common Stock in the same time period over historical financial statements of Ningxia Younglight Chemicals, assuming nothing else is changed. The correlation between historical values of Ningxia Younglight's Long Term Debt and Common Stock is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Long Term Debt of Ningxia Younglight Chemicals are associated (or correlated) with its Common Stock. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock has no effect on the direction of Long Term Debt i.e., Ningxia Younglight's Long Term Debt and Common Stock go up and down completely randomly.

Correlation Coefficient

-0.25

Relationship Direction	Negative
Relationship Strength	Insignificant

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Long Term Debt

Long-term debt is a debt that Ningxia Younglight has held for over one year. Long-term debt appears on Ningxia Younglight Chemicals balance sheet and also includes long-term leases. The most common forms of long term debt are bonds payable, long-term notes payable, mortgage payable, pension liabilities, and lease liabilities. In the corporate world, long-term debt is generally used to fund big-ticket items, such as machinery, buildings, and land. The total of long-term debt reported on Ningxia Younglight Chemicals balance sheet is the sum of the balances of all categories of long-term debt. Debt that is not due within the current year and is often considered to be financing activities that are to be repaid over several years.

Common Stock

Most indicators from Ningxia Younglight's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Ningxia Younglight 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 Ningxia Younglight Chemicals. 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 Tax Provision is expected to grow to about 62.1 M, whereas Selling General Administrative is forecasted to decline to about 33 M.

	2021	2022	2023	2024 (projected)
Interest Income	10.6M	11.8M	2.8M	2.7M
Net Interest Income	10.4M	11.7M	2.2M	2.1M

Interest Income Net Interest Income

Ningxia Younglight fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Retained Earnings	Accounts Payable	Cash	Other Assets	Long Term Debt	Net Receivables	Inventory	Other Current Assets	Total Liab	Intangible Assets	Common Stock	Property Plant Equipment	Short Term Investments	Net Tangible Assets	Other Stockholder Equity	Total Current Assets	Non Current Assets Total	Non Currrent Assets Other	Non Current Liabilities Total	Common Stock Shares Outstanding	Net Invested Capital
Total Assets		0.53	0.44	0.58	0.62	0.35	0.29	0.05	0.23	0.35	0.25	0.42	-0.79	0.45	0.1	0.49	0.86	-0.02	0.2	0.11	0.14	-0.01	0.12	-0.11	-0.02	0.16
Other Current Liab	0.53		0.14	0.53	0.15	0.79	-0.3	0.43	-0.26	-0.25	0.43	0.11	-0.37	0.05	0.09	0.19	0.28	-0.13	0.69	0.35	0.59	0.05	0.37	-0.66	-0.47	0.61
Total Current Liabilities	0.44	0.14		-0.45	0.48	-0.13	0.48	-0.26	0.78	0.73	-0.11	0.6	0.08	0.99	-0.49	-0.36	0.47	-0.18	-0.04	0.13	-0.29	0.2	0.1	0.13	0.06	0.01
Total Stockholder Equity	0.58	0.53	-0.45		0.15	0.6	-0.2	0.39	-0.53	-0.41	0.44	-0.15	-0.83	-0.46	0.57	0.81	0.37	0.1	0.34	0.04	0.52	-0.15	0.09	-0.38	-0.24	0.25
Other Liab	0.62	0.15	0.48	0.15		0.06	0.35	-0.5	0.36	0.55	-0.16	0.61	-0.42	0.54	-0.25	0.25	0.88	-0.49	0.05	0.45	-0.53	0.63	0.38	0.08	-0.13	0.15
Retained Earnings	0.35	0.79	-0.13	0.6	0.06		-0.62	0.43	-0.6	-0.32	0.56	0.07	-0.24	-0.2	0.16	0.12	0.2	-0.4	0.91	0.56	0.63	0.15	0.61	-0.91	-0.63	0.87
Accounts Payable	0.29	-0.3	0.48	-0.2	0.35	-0.62		-0.18	0.72	0.5	-0.29	0.19	-0.26	0.53	0.02	0.35	0.24	0.4	-0.7	-0.5	-0.33	0.01	-0.53	0.64	0.13	-0.72
Cash	0.05	0.43	-0.26	0.39	-0.5	0.43	-0.18		-0.23	-0.49	0.38	-0.18	-0.13	-0.34	0.51	0.24	-0.39	0.37	0.17	-0.33	0.86	-0.59	-0.36	-0.49	-0.29	0.06
Other Assets	0.23	-0.26	0.78	-0.53	0.36	-0.6	0.72	-0.23		0.62	-0.45	0.51	0.03	0.79	-0.18	-0.2	0.25	0.21	-0.59	-0.32	-0.46	-0.05	-0.37	0.56	0.41	-0.54
Long Term Debt	0.35	-0.25	0.73	-0.41	0.55	-0.32	0.5	-0.49	0.62		-0.29	0.68	0.07	0.83	-0.6	-0.25	0.53	-0.21	-0.16	0.13	-0.5	0.26	0.06	0.32	0.19	-0.09
Net Receivables	0.25	0.43	-0.11	0.44	-0.16	0.56	-0.29	0.38	-0.45	-0.29		-0.23	-0.17	-0.16	0.11	0.18	0.06	-0.06	0.49	0.13	0.51	-0.08	0.36	-0.5	-0.34	0.42
Inventory	0.42	0.11	0.6	-0.15	0.61	0.07	0.19	-0.18	0.51	0.68	-0.23		-0.01	0.65	-0.37	-0.18	0.49	-0.26	0.07	0.24	-0.19	0.25	0.2	-0.1	-0.04	0.14
Other Current Assets	-0.79	-0.37	0.08	-0.83	-0.42	-0.24	-0.26	-0.13	0.03	0.07	-0.17	-0.01		0.07	-0.53	-0.85	-0.63	-0.24	0.02	0.13	-0.19	0.13	0.07	-0.03	-0.03	0.09
Total Liab	0.45	0.05	0.99	-0.46	0.54	-0.2	0.53	-0.34	0.79	0.83	-0.16	0.65	0.07		-0.53	-0.34	0.51	-0.19	-0.09	0.13	-0.37	0.24	0.09	0.2	0.09	-0.03
Intangible Assets	0.1	0.09	-0.49	0.57	-0.25	0.16	0.02	0.51	-0.18	-0.6	0.11	-0.37	-0.53	-0.53		0.62	-0.18	0.49	-0.12	-0.37	0.43	-0.33	-0.29	0.0	-0.03	-0.24
Common Stock	0.49	0.19	-0.36	0.81	0.25	0.12	0.35	0.24	-0.2	-0.25	0.18	-0.18	-0.85	-0.34	0.62		0.31	0.36	-0.18	-0.31	0.25	-0.11	-0.26	0.05	-0.18	-0.27
Property Plant Equipment	0.86	0.28	0.47	0.37	0.88	0.2	0.24	-0.39	0.25	0.53	0.06	0.49	-0.63	0.51	-0.18	0.31		-0.38	0.18	0.39	-0.32	0.35	0.35	0.03	0.05	0.23
Short Term Investments	-0.02	-0.13	-0.18	0.1	-0.49	-0.4	0.4	0.37	0.21	-0.21	-0.06	-0.26	-0.24	-0.19	0.49	0.36	-0.38		-0.58	-0.92	0.36	-0.72	-0.76	0.39	0.35	-0.73
Net Tangible Assets	0.2	0.69	-0.04	0.34	0.05	0.91	-0.7	0.17	-0.59	-0.16	0.49	0.07	0.02	-0.09	-0.12	-0.18	0.18	-0.58		0.77	0.42	0.33	0.77	-0.8	-0.53	0.97
Other Stockholder Equity	0.11	0.35	0.13	0.04	0.45	0.56	-0.5	-0.33	-0.32	0.13	0.13	0.24	0.13	0.13	-0.37	-0.31	0.39	-0.92	0.77		-0.21	0.76	0.89	-0.45	-0.38	0.84
Total Current Assets	0.14	0.59	-0.29	0.52	-0.53	0.63	-0.33	0.86	-0.46	-0.5	0.51	-0.19	-0.19	-0.37	0.43	0.25	-0.32	0.36	0.42	-0.21		-0.52	-0.11	-0.66	-0.42	0.28
Non Current Assets Total	-0.01	0.05	0.2	-0.15	0.63	0.15	0.01	-0.59	-0.05	0.26	-0.08	0.25	0.13	0.24	-0.33	-0.11	0.35	-0.72	0.33	0.76	-0.52		0.71	-0.05	-0.44	0.41
Non Currrent Assets Other	0.12	0.37	0.1	0.09	0.38	0.61	-0.53	-0.36	-0.37	0.06	0.36	0.2	0.07	0.09	-0.29	-0.26	0.35	-0.76	0.77	0.89	-0.11	0.71		-0.5	-0.41	0.82
Non Current Liabilities Total	-0.11	-0.66	0.13	-0.38	0.08	-0.91	0.64	-0.49	0.56	0.32	-0.5	-0.1	-0.03	0.2	0.0	0.05	0.03	0.39	-0.8	-0.45	-0.66	-0.05	-0.5		0.72	-0.81
Common Stock Shares Outstanding	-0.02	-0.47	0.06	-0.24	-0.13	-0.63	0.13	-0.29	0.41	0.19	-0.34	-0.04	-0.03	0.09	-0.03	-0.18	0.05	0.35	-0.53	-0.38	-0.42	-0.44	-0.41	0.72		-0.52
Net Invested Capital	0.16	0.61	0.01	0.25	0.15	0.87	-0.72	0.06	-0.54	-0.09	0.42	0.14	0.09	-0.03	-0.24	-0.27	0.23	-0.73	0.97	0.84	0.28	0.41	0.82	-0.81	-0.52

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Ningxia Younglight Account Relationship Matchups

Ningxia Younglight fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	3.1B	3.1B	3.1B	2.7B	2.7B	3.0B
Other Current Liab	125.5M	143.5M	92.0M	94.0M	13.4M	12.7M
Total Current Liabilities	412.4M	427.8M	393.0M	427.8M	791.3M	722.3M
Total Stockholder Equity	2.7B	2.7B	2.7B	2.3B	1.6B	1.7B
Other Liab	14.2M	8.8M	5.1M	31.8M	36.6M	19.7M
Retained Earnings	490.1M	514.2M	476.1M	87.2M	(701.4M)	(666.3M)
Accounts Payable	262.8M	268.8M	288.1M	315.8M	652.2M	328.5M
Cash	431.2M	479.1M	595.1M	441.4M	23.1M	21.9M
Other Assets	32.7M	29.4M	27.7M	139.4M	160.3M	168.3M
Net Receivables	844.3M	1.2M	805.7M	2.5M	13.3M	12.6M
Inventory	102.0M	118.9M	141.1M	294.2M	150.9M	178.3M
Other Current Assets	1.2M	2.5M	24.7M	14.9M	12.0M	11.4M
Total Liab	426.6M	436.6M	398.0M	462.2M	1.1B	926.5M
Intangible Assets	74.6M	71.3M	68.8M	71.7M	66.0M	49.9M
Property Plant Equipment	1.6B	1.4B	1.4B	1.5B	1.7B	2.1B
Net Tangible Assets	2.6B	2.6B	2.6B	2.2B	2.0B	2.1B
Total Current Assets	1.4B	1.6B	1.6B	1.0B	372.7M	354.0M
Non Current Assets Total	1.7B	1.5B	1.5B	1.7B	2.3B	1.5B
Non Currrent Assets Other	2.1B	1.9B	1.7B	29.3M	26.4M	25.1M
Non Current Liabilities Total	14.2M	8.8M	5.1M	34.4M	288.7M	303.2M
Net Invested Capital	2.7B	2.7B	2.7B	2.3B	1.8B	2.0B
Net Working Capital	966.3M	1.2B	1.2B	585.8M	(418.7M)	(397.7M)

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

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Ningxia Long Term Debt vs Common Stock Analysis

Long Term Debt vs Common Stock

Long Term Debt vs Common Stock Correlation Analysis

Correlation Coefficient

Long Term Debt

Common Stock

Ningxia Younglight fundamental ratios Correlations

Ningxia Younglight Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Ningxia Younglight fundamental ratios Accounts

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COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Liab	+ 0.99	Total Current Liabilities
Net Invested Capital	+ 0.97	Net Tangible Assets
Net Tangible Assets	+ 0.91	Retained Earnings
Non Currrent Assets Other	+ 0.89	Other Stockholder Equity
Property Plant Equipment	+ 0.88	Other Liab
Net Invested Capital	+ 0.87	Retained Earnings

Other Stockholder Equity	- 0.92	Short Term Investments
Non Current Liabilities Total	- 0.91	Retained Earnings
Common Stock	- 0.85	Other Current Assets
Other Current Assets	- 0.83	Total Stockholder Equity
Net Invested Capital	- 0.81	Non Current Liabilities Total
Non Current Liabilities Total	- 0.8	Net Tangible Assets