Shanxi Total Current Liabilities vs Other Stockholder Equity Analysis

002360 Stock   5.46  0.17  3.21%   
Shanxi Tond financial indicator trend analysis is much more than just breaking down Shanxi Tond Chemical prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Shanxi Tond Chemical is a good investment. Please check the relationship between Shanxi Tond Total Current Liabilities and its Other Stockholder Equity accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Shanxi Tond 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.

Total Current Liabilities vs Other Stockholder Equity

Total Current Liabilities vs Other Stockholder Equity Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Shanxi Tond Chemical Total Current Liabilities account and Other Stockholder Equity. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Shanxi Tond's Total Current Liabilities and Other Stockholder Equity is 0.42. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Other Stockholder Equity in the same time period over historical financial statements of Shanxi Tond Chemical, assuming nothing else is changed. The correlation between historical values of Shanxi Tond's Total Current Liabilities and Other Stockholder Equity 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 Current Liabilities of Shanxi Tond Chemical are associated (or correlated) with its Other Stockholder Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Stockholder Equity has no effect on the direction of Total Current Liabilities i.e., Shanxi Tond's Total Current Liabilities and Other Stockholder Equity go up and down completely randomly.

Correlation Coefficient

0.42
Relationship DirectionPositive 
Relationship StrengthWeak

Total Current Liabilities

Total Current Liabilities is an item on Shanxi Tond balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Shanxi Tond Chemical 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.

Other Stockholder Equity

Most indicators from Shanxi Tond's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Shanxi Tond 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 Shanxi Tond 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 62.9 M. The current year's Tax Provision is expected to grow to about 129.5 M
 2021 2022 2023 2024 (projected)
Operating Income171.3M261.3M222.6M181.1M
Total Revenue852.6M1.1B964.1M805.7M

Shanxi Tond fundamental ratios Correlations

-0.320.970.810.490.950.940.330.410.47-0.370.850.980.280.560.950.94-0.740.820.5-0.740.830.720.940.390.94
-0.32-0.34-0.10.32-0.31-0.370.320.050.170.63-0.27-0.370.520.14-0.39-0.50.26-0.29-0.180.22-0.63-0.2-0.49-0.1-0.51
0.97-0.340.710.340.870.960.150.330.33-0.390.870.990.210.40.990.93-0.610.780.42-0.630.830.620.980.280.92
0.81-0.10.710.670.860.710.510.480.62-0.280.710.740.370.80.710.71-0.780.910.54-0.80.670.780.650.410.7
0.490.320.340.670.560.360.720.320.660.060.260.370.840.830.290.29-0.510.420.3-0.470.250.460.220.220.28
0.95-0.310.870.860.560.860.460.380.6-0.440.810.90.250.690.870.89-0.90.860.52-0.880.750.850.830.430.88
0.94-0.370.960.710.360.860.110.220.3-0.420.840.950.180.450.980.87-0.630.750.34-0.640.790.560.940.20.87
0.330.320.150.510.720.460.110.060.480.040.070.180.490.770.080.13-0.530.260.25-0.470.060.590.020.090.13
0.410.050.330.480.320.380.220.060.520.050.470.390.220.180.320.49-0.30.510.56-0.330.270.350.360.840.48
0.470.170.330.620.660.60.30.480.520.030.440.370.440.520.340.37-0.710.580.31-0.720.220.670.240.440.35
-0.370.63-0.39-0.280.06-0.44-0.420.040.050.03-0.4-0.420.39-0.14-0.4-0.510.52-0.51-0.410.52-0.47-0.52-0.45-0.21-0.51
0.85-0.270.870.710.260.810.840.070.470.44-0.40.880.050.330.90.87-0.660.860.59-0.690.610.680.860.540.86
0.98-0.370.990.740.370.90.950.180.390.37-0.420.880.220.420.980.96-0.650.810.49-0.670.850.660.980.360.96
0.280.520.210.370.840.250.180.490.220.440.390.050.220.520.140.09-0.080.120.05-0.080.130.080.090.00.09
0.560.140.40.80.830.690.450.770.180.52-0.140.330.420.520.370.36-0.70.550.25-0.650.330.610.290.230.35
0.95-0.390.990.710.290.870.980.080.320.34-0.40.90.980.140.370.93-0.620.790.41-0.650.820.610.980.290.92
0.94-0.50.930.710.290.890.870.130.490.37-0.510.870.960.090.360.93-0.670.830.62-0.690.860.690.960.521.0
-0.740.26-0.61-0.78-0.51-0.9-0.63-0.53-0.3-0.710.52-0.66-0.65-0.08-0.7-0.62-0.67-0.81-0.460.98-0.52-0.92-0.56-0.43-0.66
0.82-0.290.780.910.420.860.750.260.510.58-0.510.860.810.120.550.790.83-0.810.66-0.850.720.850.760.520.82
0.5-0.180.420.540.30.520.340.250.560.31-0.410.590.490.050.250.410.62-0.460.66-0.510.430.640.460.60.62
-0.740.22-0.63-0.8-0.47-0.88-0.64-0.47-0.33-0.720.52-0.69-0.67-0.08-0.65-0.65-0.690.98-0.85-0.51-0.55-0.91-0.58-0.43-0.68
0.83-0.630.830.670.250.750.790.060.270.22-0.470.610.850.130.330.820.86-0.520.720.43-0.550.530.870.170.87
0.72-0.20.620.780.460.850.560.590.350.67-0.520.680.660.080.610.610.69-0.920.850.64-0.910.530.560.430.68
0.94-0.490.980.650.220.830.940.020.360.24-0.450.860.980.090.290.980.96-0.560.760.46-0.580.870.560.350.96
0.39-0.10.280.410.220.430.20.090.840.44-0.210.540.360.00.230.290.52-0.430.520.6-0.430.170.430.350.51
0.94-0.510.920.70.280.880.870.130.480.35-0.510.860.960.090.350.921.0-0.660.820.62-0.680.870.680.960.51
Click cells to compare fundamentals

Shanxi Tond Account Relationship Matchups

Shanxi Tond fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets1.5B1.7B2.1B3.0B3.9B4.1B
Other Current Liab55.9M61.5M52.1M81.5M5.2M4.9M
Total Current Liabilities244.0M224.9M327.8M928.4M1.2B1.2B
Total Stockholder Equity1.1B1.3B1.4B1.7B2.1B1.1B
Other Liab63.8M81.3M76.7M71.5M82.3M60.1M
Retained Earnings802.2M899.3M981.4M1.2B1.4B1.5B
Accounts Payable52.2M55.0M61.1M223.6M256.1M268.9M
Cash477.2M605.1M418.5M317.2M353.9M385.6M
Other Assets46.1M112.5M474.7M217.1M249.7M133.5M
Net Receivables198.7M157.9M188.1M168.8M137.8M125.1M
Inventory65.5M46.4M52.1M55.1M36.2M46.1M
Other Current Assets20.1M60.3M99.8M217.5M149.1M156.6M
Total Liab311.8M421.1M648.7M1.2B1.7B1.8B
Intangible Assets137.8M136.4M132.5M141.4M195.7M128.9M
Property Plant Equipment413.3M381.8M539.8M1.6B1.9B2.0B
Good Will78.5M51.1M22.3M16.0M14.4M13.7M
Net Tangible Assets979.1M1.1B1.2B1.5B1.7B1.1B
Other Stockholder Equity15.2M45.9M38.2M33.1M38.1M30.2M
Deferred Long Term Liab14.2M12.1M12.7M11.8M10.6M13.4M
Total Current Assets832.4M978.5M830.6M867.1M910.9M826.2M
Non Current Assets Total664.8M756.0M1.3B2.1B3.0B3.1B
Non Currrent Assets Other1.7M68.7M432.0M169.7M100.4M112.2M
Non Current Liabilities Total67.8M196.2M320.9M321.3M554.4M582.1M
Non Current Liabilities Other6.6M24.9M24.2M23.8M23.6M20.6M
Net Invested Capital1.2B1.5B1.8B2.4B3.0B1.9B
Net Working Capital588.4M753.6M502.8M(61.2M)(257.4M)(244.5M)
Short Term Investments70.9M75.9M71.5M71.3M16.8M16.0M

Also Currently Popular

Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.

Other Information on Investing in Shanxi Stock

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