Linzhou Total Assets vs Long Term Investments Analysis
002535 Stock | 4.52 0.10 2.26% |
Linzhou Heavy financial indicator trend analysis is infinitely more than just investigating Linzhou Heavy Machinery recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Linzhou Heavy Machinery is a good investment. Please check the relationship between Linzhou Heavy Total Assets and its Long Term Investments accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Linzhou Heavy Machinery. 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 Assets vs Long Term Investments
Total Assets vs Long Term Investments Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Linzhou Heavy Machinery Total Assets account and Long Term Investments. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Linzhou Heavy's Total Assets and Long Term Investments is -0.12. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Long Term Investments in the same time period over historical financial statements of Linzhou Heavy Machinery, assuming nothing else is changed. The correlation between historical values of Linzhou Heavy's Total Assets and Long Term Investments 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 Assets of Linzhou Heavy Machinery are associated (or correlated) with its Long Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Long Term Investments has no effect on the direction of Total Assets i.e., Linzhou Heavy's Total Assets and Long Term Investments go up and down completely randomly.
Correlation Coefficient | -0.12 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Total Assets
Total assets refers to the total amount of Linzhou Heavy 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 Linzhou Heavy Machinery 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.Long Term Investments
Long Term Investments is an item on the asset side of Linzhou Heavy balance sheet that represents investments Linzhou Heavy Machinery intends to hold for over a year. Linzhou Heavy Machinery long term investments may include different instruments such as stocks, bonds, real estate and cash.Most indicators from Linzhou Heavy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Linzhou Heavy Machinery 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 Linzhou Heavy Machinery. 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 95.7 M, whereas Tax Provision is forecasted to decline to (17 M).
Linzhou Heavy fundamental ratios Correlations
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Linzhou Heavy Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Linzhou Heavy fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 5.0B | 4.8B | 4.0B | 4.2B | 4.0B | 4.8B | |
Other Current Liab | 205.6M | 391.4M | 512.4M | 679.4M | 250.1M | 345.5M | |
Total Current Liabilities | 3.2B | 3.1B | 3.0B | 3.0B | 2.7B | 2.8B | |
Total Stockholder Equity | 787.2M | 823.1M | 394.3M | 411.5M | 542.0M | 514.9M | |
Other Liab | 531.3M | 510.8M | 493.5M | 483.6M | 556.1M | 584.0M | |
Retained Earnings | (1.8B) | (1.8B) | (2.2B) | (2.2B) | (2.1B) | (2.0B) | |
Accounts Payable | 1.3B | 672.5M | 528.2M | 684.3M | 870.0M | 1.2B | |
Cash | 466.2M | 593.7M | 261.3M | 371.9M | 257.0M | 244.1M | |
Other Assets | 316.8M | 352.0M | 186.7M | 188.4M | 216.7M | 232.8M | |
Net Receivables | 928.4M | 427.4M | 319.3M | 466.5M | 518.7M | 1.0B | |
Inventory | 447.1M | 344.1M | 400.6M | 360.5M | 426.4M | 493.6M | |
Other Current Assets | 72.7M | 58.2M | 149.6M | 101.7M | 33.1M | 31.4M | |
Total Liab | 4.1B | 4.0B | 3.6B | 3.8B | 3.4B | 3.2B | |
Intangible Assets | 266.0M | 160.2M | 156.5M | 152.6M | 148.7M | 151.7M | |
Property Plant Equipment | 1.9B | 1.6B | 1.5B | 1.6B | 1.8B | 1.5B | |
Long Term Debt | 382.0M | 263.4M | 108.4M | 331.6M | 367.8M | 218.8M | |
Net Tangible Assets | 504.7M | 662.9M | 237.8M | 258.9M | 233.0M | 221.4M | |
Deferred Long Term Liab | 10.2M | 2.5M | 2.1M | 979.8K | 881.8K | 837.7K | |
Short Long Term Debt | 1.5B | 1.7B | 1.7B | 1.2B | 937.7M | 1.4B | |
Total Current Assets | 2.0B | 2.3B | 1.6B | 1.7B | 1.6B | 2.3B | |
Non Current Assets Total | 3.0B | 2.5B | 2.4B | 2.5B | 2.4B | 2.2B | |
Non Currrent Assets Other | 32.3M | 16.2M | 571.3K | 4.5M | 3.0M | 2.8M | |
Non Current Liabilities Total | 913.3M | 882.1M | 601.9M | 822.6M | 706.0M | 705.7M | |
Non Current Liabilities Other | 389.5M | 379.5M | 372.1M | 372.2M | 9.8M | 9.3M | |
Net Debt | 1.2B | 1.4B | 1.5B | 1.2B | 1.0B | 1.2B | |
Net Invested Capital | 2.5B | 2.8B | 2.2B | 2.0B | 1.8B | 2.3B | |
Net Working Capital | (1.2B) | (806.5M) | (1.4B) | (1.2B) | (1.1B) | (1.2B) |
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Balance Sheet is a snapshot of the financial position of Linzhou Heavy Machinery at a specified time, usually calculated after every quarter, six months, or one year. Linzhou Heavy Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Linzhou Heavy 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 Linzhou currently owns. An asset can also be divided into two categories, current and non-current.