Rongsheng Historical Balance Sheet

002493 Stock   9.52  0.08  0.83%   
Trend analysis of Rongsheng Petrochemical Co balance sheet accounts such as Short Long Term Debt Total of 210.5 B, Other Current Liabilities of 1 B or Total Current Liabilities of 160.7 B provides information on Rongsheng Petrochemical's total assets, liabilities, and equity, which is the actual value of Rongsheng Petrochemical to its prevalent stockholders. By breaking down trends over time using Rongsheng Petrochemical balance sheet statements, investors will see what precisely the company owns and what it owes to creditors or other parties at the end of each accounting year.
 
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Financial Statement Analysis is much more than just reviewing and examining Rongsheng Petrochemical latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Rongsheng Petrochemical is a good buy for the upcoming year.

Rongsheng Petrochemical Inventory

64.82 Billion

  
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About Rongsheng Balance Sheet Analysis

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

Rongsheng Petrochemical Balance Sheet Chart

At present, Rongsheng Petrochemical's Total Assets are projected to increase significantly based on the last few years of reporting. The current year's Short and Long Term Debt Total is expected to grow to about 210.5 B, whereas Cash is forecasted to decline to about 8 B.

Total Assets

Total assets refers to the total amount of Rongsheng Petrochemical assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Rongsheng Petrochemical books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.

Total Current Liabilities

Total Current Liabilities is an item on Rongsheng Petrochemical balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Rongsheng Petrochemical Co 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 accounts from Rongsheng Petrochemical's balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts one by one will only give a small insight into Rongsheng Petrochemical current financial condition. On the other hand, looking into the entire matrix of balance sheet accounts, 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 Rongsheng Petrochemical Co. 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.
At present, Rongsheng Petrochemical's Total Assets are projected to increase significantly based on the last few years of reporting. The current year's Short and Long Term Debt Total is expected to grow to about 210.5 B, whereas Cash is forecasted to decline to about 8 B.
 2021 2022 2023 2024 (projected)
Short and Long Term Debt Total162.6B180.0B200.5B210.5B
Total Assets337.2B362.6B374.9B393.7B

Rongsheng Petrochemical balance sheet Correlations

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0.550.520.210.560.660.680.550.250.510.480.590.660.550.220.540.490.660.570.810.390.50.390.860.530.52
1.01.00.411.00.980.91.00.841.00.980.970.781.00.890.51.00.780.790.830.751.00.980.60.530.99
0.990.990.450.980.980.890.990.810.990.980.980.810.990.880.540.990.810.830.840.760.990.980.60.520.99
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Rongsheng Petrochemical Account Relationship Matchups

Rongsheng Petrochemical balance sheet Accounts

201920202021202220232024 (projected)
Total Assets182.6B241.5B337.2B362.6B374.9B393.7B
Short Long Term Debt Total96.5B122.5B162.6B180.0B200.5B210.5B
Other Current Liab897.2M326.4M532.9M7.0B552.0M1.0B
Total Current Liabilities81.2B103.4B127.3B130.1B153.1B160.7B
Total Stockholder Equity22.6B37.0B48.8B47.3B44.3B46.6B
Other Liab444.3M2.8B3.4B2.2B2.5B2.6B
Property Plant And Equipment Net114.5B174.2B232.1B248.5B261.7B274.8B
Current Deferred Revenue2.8B5.7B15.1B3.7B23.5B24.6B
Net Debt83.6B111.8B145.0B161.8B187.4B196.8B
Retained Earnings9.1B15.6B27.2B29.3B28.9B30.3B
Accounts Payable40.3B40.4B60.5B72.5B53.9B56.6B
Cash12.9B10.6B17.7B18.2B13.1B8.0B
Non Current Assets Total127.0B189.5B247.6B266.9B283.6B297.8B
Non Currrent Assets Other1.6B1.5B2.3B3.4B5.2B5.4B
Long Term Debt59.4B65.5B111.2B133.0B125.2B131.4B
Cash And Short Term Investments13.0B10.8B18.0B18.4B13.4B8.1B
Net Receivables6.9B7.2B12.9B14.1B10.9B6.1B
Common Stock Shares Outstanding8.9B9.4B10.1B10.0B9.7B9.0B
Short Term Investments86.0M128.1M345.2M188.3M310.1M325.6M
Liabilities And Stockholders Equity182.6B241.5B337.2B362.6B374.9B393.7B
Non Current Liabilities Total59.8B68.2B114.6B135.4B127.2B133.5B
Inventory26.6B23.5B47.1B60.7B61.7B64.8B
Other Current Assets9.1B10.6B11.5B2.5B5.3B3.3B
Other Stockholder Equity6.7B14.2B10.8B6.8B4.2B5.0B
Total Liab141.0B171.7B241.9B265.4B280.2B294.3B
Total Current Assets55.6B52.1B89.5B95.7B91.3B95.9B
Short Term Debt37.1B57.0B51.2B46.8B75.1B78.9B
Intangible Assets4.0B5.8B5.7B6.0B7.1B7.5B
Property Plant Equipment114.5B174.2B233.2B248.5B285.8B300.1B
Net Tangible Assets18.5B31.2B43.5B41.3B47.5B25.6B
Deferred Long Term Liab3.6M1.6M185.0K117.2K105.4K100.2K
Short Long Term Debt30.0B45.7B37.9B26.4B44.8B28.9B
Net Invested Capital112.0B148.1B197.9B206.6B214.3B155.9B
Net Working Capital(25.6B)(51.4B)(37.8B)(34.3B)(61.7B)(58.6B)

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Other Information on Investing in Rongsheng Stock

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