Rongsheng Net Debt vs Total Current Liabilities Analysis

002493 Stock

9.54 0.09 0.93%

Rongsheng Petrochemical financial indicator trend analysis is much more than just breaking down Rongsheng Petrochemical prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Rongsheng Petrochemical is a good investment. Please check the relationship between Rongsheng Petrochemical Net Debt and its Total Current Liabilities accounts. 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.

Net Debt vs Total Current Liabilities

Net Debt vs Total Current Liabilities Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Rongsheng Petrochemical Net Debt account and Total Current Liabilities. At this time, the significance of the direction appears to have totally related.

The correlation between Rongsheng Petrochemical's Net Debt and Total Current Liabilities is 1.0. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of Rongsheng Petrochemical Co, assuming nothing else is changed. The correlation between historical values of Rongsheng Petrochemical's Net Debt 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 Net Debt of Rongsheng Petrochemical Co 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 Net Debt i.e., Rongsheng Petrochemical's Net Debt and Total Current Liabilities go up and down completely randomly.

Correlation Coefficient

1.0

Relationship Direction	Positive
Relationship Strength	Very Strong

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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.

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 indicators from Rongsheng Petrochemical's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators 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 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 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.

The current year's Selling General Administrative is expected to grow to about 351.4 M, whereas Tax Provision is projected to grow to (48.1 M).

	2021	2022	2023	2024 (projected)
Interest Expense	3.6B	4.6B	7.4B	7.7B
Depreciation And Amortization	10.3B	11.3B	14.7B	15.5B

Interest Expense Depreciation And Amortization

Rongsheng Petrochemical fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Long Term Debt	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Short Term Investments	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets
Total Assets		1.0	0.42	1.0	0.98	0.91	1.0	0.84	1.0	0.99	0.98	0.79	1.0	0.89	0.52	0.99	0.79	0.8	0.84	0.76	0.99	0.98	0.61	0.55	1.0	0.99
Short Long Term Debt Total	1.0		0.4	1.0	0.97	0.9	1.0	0.85	1.0	0.98	0.97	0.76	1.0	0.9	0.48	0.99	0.77	0.77	0.83	0.75	0.99	0.98	0.59	0.52	1.0	0.99
Other Current Liab	0.42	0.4		0.37	0.44	0.21	0.41	-0.04	0.37	0.43	0.53	0.63	0.41	0.28	0.67	0.46	0.62	0.59	0.46	0.21	0.46	0.42	-0.02	0.21	0.41	0.45
Total Current Liabilities	1.0	1.0	0.37		0.98	0.9	1.0	0.86	1.0	0.97	0.96	0.77	1.0	0.89	0.46	0.98	0.77	0.76	0.84	0.76	0.98	0.97	0.63	0.56	1.0	0.98
Total Stockholder Equity	0.98	0.97	0.44	0.98		0.94	0.98	0.79	0.97	0.98	0.97	0.83	0.98	0.83	0.59	0.97	0.83	0.84	0.89	0.78	0.97	0.94	0.66	0.66	0.98	0.98
Other Liab	0.91	0.9	0.21	0.9	0.94		0.92	0.79	0.9	0.91	0.88	0.68	0.92	0.75	0.59	0.89	0.69	0.74	0.8	0.72	0.9	0.86	0.7	0.68	0.9	0.89
Property Plant And Equipment Net	1.0	1.0	0.41	1.0	0.98	0.92		0.84	1.0	0.99	0.97	0.78	1.0	0.89	0.52	0.99	0.78	0.79	0.84	0.76	0.99	0.98	0.61	0.55	1.0	0.99
Current Deferred Revenue	0.84	0.85	-0.04	0.86	0.79	0.79	0.84		0.86	0.85	0.71	0.43	0.84	0.89	0.08	0.82	0.44	0.49	0.54	0.78	0.82	0.85	0.42	0.25	0.84	0.81
Net Debt	1.0	1.0	0.37	1.0	0.97	0.9	1.0	0.86		0.98	0.96	0.74	1.0	0.91	0.46	0.99	0.74	0.76	0.81	0.75	0.99	0.98	0.58	0.51	1.0	0.99
Retained Earnings	0.99	0.98	0.43	0.97	0.98	0.91	0.99	0.85	0.98		0.95	0.75	0.98	0.9	0.56	0.98	0.75	0.81	0.8	0.79	0.99	0.98	0.52	0.48	0.98	0.98
Accounts Payable	0.98	0.97	0.53	0.96	0.97	0.88	0.97	0.71	0.96	0.95		0.85	0.97	0.81	0.64	0.98	0.85	0.85	0.86	0.68	0.98	0.95	0.64	0.59	0.97	0.98
Cash	0.79	0.76	0.63	0.77	0.83	0.68	0.78	0.43	0.74	0.75	0.85		0.78	0.54	0.63	0.78	1.0	0.86	0.89	0.61	0.78	0.71	0.68	0.66	0.78	0.81
Non Current Assets Total	1.0	1.0	0.41	1.0	0.98	0.92	1.0	0.84	1.0	0.98	0.97	0.78		0.89	0.51	0.99	0.78	0.78	0.84	0.76	0.99	0.98	0.61	0.55	1.0	0.99
Non Currrent Assets Other	0.89	0.9	0.28	0.89	0.83	0.75	0.89	0.89	0.91	0.9	0.81	0.54	0.89		0.25	0.9	0.54	0.61	0.6	0.66	0.89	0.92	0.31	0.22	0.89	0.88
Other Assets	0.52	0.48	0.67	0.46	0.59	0.59	0.52	0.08	0.46	0.56	0.64	0.63	0.51	0.25		0.54	0.63	0.74	0.58	0.31	0.55	0.49	0.36	0.54	0.5	0.54
Long Term Debt	0.99	0.99	0.46	0.98	0.97	0.89	0.99	0.82	0.99	0.98	0.98	0.78	0.99	0.9	0.54		0.78	0.8	0.81	0.74	1.0	0.99	0.56	0.49	1.0	0.99
Cash And Short Term Investments	0.79	0.77	0.62	0.77	0.83	0.69	0.78	0.44	0.74	0.75	0.85	1.0	0.78	0.54	0.63	0.78		0.86	0.89	0.62	0.78	0.71	0.69	0.66	0.78	0.81
Net Receivables	0.8	0.77	0.59	0.76	0.84	0.74	0.79	0.49	0.76	0.81	0.85	0.86	0.78	0.61	0.74	0.8	0.86		0.83	0.64	0.81	0.77	0.56	0.57	0.79	0.83
Common Stock Shares Outstanding	0.84	0.83	0.46	0.84	0.89	0.8	0.84	0.54	0.81	0.8	0.86	0.89	0.84	0.6	0.58	0.81	0.89	0.83		0.73	0.82	0.75	0.79	0.81	0.83	0.84
Short Term Investments	0.76	0.75	0.21	0.76	0.78	0.72	0.76	0.78	0.75	0.79	0.68	0.61	0.76	0.66	0.31	0.74	0.62	0.64	0.73		0.74	0.73	0.46	0.39	0.75	0.76
Non Current Liabilities Total	0.99	0.99	0.46	0.98	0.97	0.9	0.99	0.82	0.99	0.99	0.98	0.78	0.99	0.89	0.55	1.0	0.78	0.81	0.82	0.74		0.99	0.57	0.5	1.0	0.99
Inventory	0.98	0.98	0.42	0.97	0.94	0.86	0.98	0.85	0.98	0.98	0.95	0.71	0.98	0.92	0.49	0.99	0.71	0.77	0.75	0.73	0.99		0.48	0.39	0.98	0.98
Other Current Assets	0.61	0.59	-0.02	0.63	0.66	0.7	0.61	0.42	0.58	0.52	0.64	0.68	0.61	0.31	0.36	0.56	0.69	0.56	0.79	0.46	0.57	0.48		0.86	0.6	0.6
Other Stockholder Equity	0.55	0.52	0.21	0.56	0.66	0.68	0.55	0.25	0.51	0.48	0.59	0.66	0.55	0.22	0.54	0.49	0.66	0.57	0.81	0.39	0.5	0.39	0.86		0.53	0.52
Total Liab	1.0	1.0	0.41	1.0	0.98	0.9	1.0	0.84	1.0	0.98	0.97	0.78	1.0	0.89	0.5	1.0	0.78	0.79	0.83	0.75	1.0	0.98	0.6	0.53		0.99
Total Current Assets	0.99	0.99	0.45	0.98	0.98	0.89	0.99	0.81	0.99	0.98	0.98	0.81	0.99	0.88	0.54	0.99	0.81	0.83	0.84	0.76	0.99	0.98	0.6	0.52	0.99

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Rongsheng Petrochemical Account Relationship Matchups

Rongsheng Petrochemical fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	182.6B	241.5B	337.2B	362.6B	374.9B	393.7B
Short Long Term Debt Total	96.5B	122.5B	162.6B	180.0B	200.5B	210.5B
Other Current Liab	897.2M	326.4M	532.9M	7.0B	552.0M	1.0B
Total Current Liabilities	81.2B	103.4B	127.3B	130.1B	153.1B	160.7B
Total Stockholder Equity	22.6B	37.0B	48.8B	47.3B	44.3B	46.6B
Other Liab	444.3M	2.8B	3.4B	2.2B	2.5B	2.6B
Property Plant And Equipment Net	114.5B	174.2B	232.1B	248.5B	261.7B	274.8B
Current Deferred Revenue	2.8B	5.7B	15.1B	3.7B	23.5B	24.6B
Net Debt	83.6B	111.8B	145.0B	161.8B	187.4B	196.8B
Retained Earnings	9.1B	15.6B	27.2B	29.3B	28.9B	30.3B
Accounts Payable	40.3B	40.4B	60.5B	72.5B	53.9B	56.6B
Cash	12.9B	10.6B	17.7B	18.2B	13.1B	8.0B
Non Current Assets Total	127.0B	189.5B	247.6B	266.9B	283.6B	297.8B
Non Currrent Assets Other	1.6B	1.5B	2.3B	3.4B	5.2B	5.4B
Long Term Debt	59.4B	65.5B	111.2B	133.0B	125.2B	131.4B
Cash And Short Term Investments	13.0B	10.8B	18.0B	18.4B	13.4B	8.1B
Net Receivables	6.9B	7.2B	12.9B	14.1B	10.9B	6.1B
Common Stock Shares Outstanding	8.9B	9.4B	10.1B	10.0B	9.7B	9.0B
Short Term Investments	86.0M	128.1M	345.2M	188.3M	310.1M	325.6M
Liabilities And Stockholders Equity	182.6B	241.5B	337.2B	362.6B	374.9B	393.7B
Non Current Liabilities Total	59.8B	68.2B	114.6B	135.4B	127.2B	133.5B
Inventory	26.6B	23.5B	47.1B	60.7B	61.7B	64.8B
Other Current Assets	9.1B	10.6B	11.5B	2.5B	5.3B	3.3B
Other Stockholder Equity	6.7B	14.2B	10.8B	6.8B	4.2B	5.0B
Total Liab	141.0B	171.7B	241.9B	265.4B	280.2B	294.3B
Total Current Assets	55.6B	52.1B	89.5B	95.7B	91.3B	95.9B
Short Term Debt	37.1B	57.0B	51.2B	46.8B	75.1B	78.9B
Intangible Assets	4.0B	5.8B	5.7B	6.0B	7.1B	7.5B
Property Plant Equipment	114.5B	174.2B	233.2B	248.5B	285.8B	300.1B
Net Tangible Assets	18.5B	31.2B	43.5B	41.3B	47.5B	25.6B
Deferred Long Term Liab	3.6M	1.6M	185.0K	117.2K	105.4K	100.2K
Short Long Term Debt	30.0B	45.7B	37.9B	26.4B	44.8B	28.9B
Net Invested Capital	112.0B	148.1B	197.9B	206.6B	214.3B	155.9B
Net Working Capital	(25.6B)	(51.4B)	(37.8B)	(34.3B)	(61.7B)	(58.6B)

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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.

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Rongsheng Net Debt vs Total Current Liabilities Analysis

Net Debt vs Total Current Liabilities

Net Debt vs Total Current Liabilities Correlation Analysis

Correlation Coefficient

Net Debt

Total Current Liabilities

Rongsheng Petrochemical fundamental ratios Correlations

Rongsheng Petrochemical Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Rongsheng Petrochemical fundamental ratios Accounts

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Other Information on Investing in Rongsheng Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Short Long Term Debt Total	+ 1.0	Total Assets
Total Current Liabilities	+ 1.0	Total Assets
Property Plant And Equipment Net	+ 1.0	Total Assets
Net Debt	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Total Assets
Total Liab	+ 1.0	Total Assets

Current Deferred Revenue	- 0.04	Other Current Liab
Other Current Assets	- 0.02	Other Current Liab