Jiangxi Net Receivables vs Net Debt Analysis

002591 Stock

5.79 0.05 0.87%

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

Net Receivables vs Net Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Jiangxi Hengda Hi Net Receivables account and Net Debt. At this time, the significance of the direction appears to have very week relationship.

The correlation between Jiangxi Hengda's Net Receivables and Net Debt is 0.24. Overlapping area represents the amount of variation of Net Receivables that can explain the historical movement of Net Debt in the same time period over historical financial statements of Jiangxi Hengda Hi Tech, assuming nothing else is changed. The correlation between historical values of Jiangxi Hengda's Net Receivables and Net Debt 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 Receivables of Jiangxi Hengda Hi Tech are associated (or correlated) with its Net Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Debt has no effect on the direction of Net Receivables i.e., Jiangxi Hengda's Net Receivables and Net Debt go up and down completely randomly.

Correlation Coefficient

0.24

Relationship Direction	Positive
Relationship Strength	Very Weak

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Net Receivables

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.

Most indicators from Jiangxi Hengda's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Jiangxi Hengda Hi 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 Jiangxi Hengda Hi Tech. 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 15.8 M. The current year's Tax Provision is expected to grow to about 3.8 M

	2021	2022	2023	2024 (projected)
Interest Expense	3.4M	5.2M	7.0M	4.3M
Depreciation And Amortization	32.6M	29.0M	37.0M	18.7M

Interest Expense Depreciation And Amortization

Jiangxi Hengda fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	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	Short Term Debt	Intangible Assets	Common Stock
Total Assets		0.53	0.29	0.63	0.97	0.49	0.4	0.17	0.0	0.1	0.07	0.92	0.65	0.17	0.69	0.36	0.17	-0.19	0.24	0.36	0.82	0.57	0.64	0.64	0.47	0.76
Short Long Term Debt Total	0.53		0.2	0.8	0.36	0.76	0.1	0.67	-0.42	0.39	-0.34	0.5	0.51	-0.2	0.69	0.12	-0.03	0.46	0.45	-0.19	0.55	0.84	0.31	0.96	0.26	0.76
Other Current Liab	0.29	0.2		0.16	0.31	0.07	-0.44	0.02	0.1	-0.24	0.02	0.32	0.32	-0.03	0.26	0.2	0.3	-0.21	-0.23	-0.04	0.27	0.12	0.07	0.29	0.02	0.1
Total Current Liabilities	0.63	0.8	0.16		0.43	0.77	0.49	0.66	-0.65	0.66	-0.43	0.65	0.44	-0.26	0.55	0.21	-0.13	0.18	0.49	-0.02	0.82	0.99	0.26	0.83	-0.03	0.88
Total Stockholder Equity	0.97	0.36	0.31	0.43		0.3	0.32	-0.02	0.19	-0.07	0.24	0.87	0.61	0.3	0.64	0.38	0.23	-0.32	0.14	0.4	0.73	0.37	0.67	0.49	0.52	0.61
Property Plant And Equipment Net	0.49	0.76	0.07	0.77	0.3		0.3	0.59	-0.54	0.48	-0.37	0.48	0.38	-0.25	0.48	0.09	-0.02	0.49	0.45	0.13	0.58	0.81	0.26	0.69	0.25	0.85
Current Deferred Revenue	0.4	0.1	-0.44	0.49	0.32	0.3		0.21	-0.47	0.59	-0.09	0.43	-0.15	-0.02	0.01	0.09	-0.54	-0.17	0.16	0.35	0.49	0.45	0.14	0.16	-0.06	0.48
Net Debt	0.17	0.67	0.02	0.66	-0.02	0.59	0.21		-0.55	0.5	-0.9	0.37	0.34	-0.8	0.24	-0.29	-0.18	0.44	0.08	-0.11	0.23	0.7	-0.31	0.57	0.04	0.55
Retained Earnings	0.0	-0.42	0.1	-0.65	0.19	-0.54	-0.47	-0.55		-0.95	0.4	-0.05	0.06	0.26	-0.09	-0.13	0.44	-0.4	-0.54	0.38	-0.45	-0.69	0.09	-0.35	0.46	-0.45
Accounts Payable	0.1	0.39	-0.24	0.66	-0.07	0.48	0.59	0.5	-0.95		-0.35	0.1	0.03	-0.16	0.15	0.12	-0.36	0.36	0.63	-0.33	0.52	0.69	0.04	0.32	-0.44	0.47
Cash	0.07	-0.34	0.02	-0.43	0.24	-0.37	-0.09	-0.9	0.4	-0.35		-0.21	-0.24	0.94	0.07	0.52	0.06	-0.35	0.15	0.04	-0.01	-0.46	0.6	-0.23	0.13	-0.32
Non Current Assets Total	0.92	0.5	0.32	0.65	0.87	0.48	0.43	0.37	-0.05	0.1	-0.21		0.61	-0.14	0.47	0.16	0.1	-0.2	0.01	0.35	0.75	0.59	0.29	0.59	0.38	0.76
Non Currrent Assets Other	0.65	0.51	0.32	0.44	0.61	0.38	-0.15	0.34	0.06	0.03	-0.24	0.61		-0.07	0.69	0.17	0.67	0.27	0.32	0.02	0.55	0.47	0.41	0.47	0.36	0.51
Cash And Short Term Investments	0.17	-0.2	-0.03	-0.26	0.3	-0.25	-0.02	-0.8	0.26	-0.16	0.94	-0.14	-0.07		0.18	0.58	0.2	-0.22	0.35	-0.07	0.15	-0.29	0.7	-0.11	0.05	-0.21
Net Receivables	0.69	0.69	0.26	0.55	0.64	0.48	0.01	0.24	-0.09	0.15	0.07	0.47	0.69	0.18		0.35	0.23	0.14	0.55	0.04	0.57	0.55	0.78	0.73	0.52	0.64
Common Stock Shares Outstanding	0.36	0.12	0.2	0.21	0.38	0.09	0.09	-0.29	-0.13	0.12	0.52	0.16	0.17	0.58	0.35		0.01	-0.1	0.47	-0.16	0.47	0.18	0.57	0.2	0.01	0.14
Short Term Investments	0.17	-0.03	0.3	-0.13	0.23	-0.02	-0.54	-0.18	0.44	-0.36	0.06	0.1	0.67	0.2	0.23	0.01		0.13	0.1	0.01	0.07	-0.11	0.24	-0.07	0.15	-0.05
Non Current Liabilities Total	-0.19	0.46	-0.21	0.18	-0.32	0.49	-0.17	0.44	-0.4	0.36	-0.35	-0.2	0.27	-0.22	0.14	-0.1	0.13		0.42	-0.35	-0.03	0.33	-0.06	0.21	0.03	0.17
Inventory	0.24	0.45	-0.23	0.49	0.14	0.45	0.16	0.08	-0.54	0.63	0.15	0.01	0.32	0.35	0.55	0.47	0.1	0.42		-0.41	0.54	0.54	0.58	0.39	-0.09	0.44
Other Current Assets	0.36	-0.19	-0.04	-0.02	0.4	0.13	0.35	-0.11	0.38	-0.33	0.04	0.35	0.02	-0.07	0.04	-0.16	0.01	-0.35	-0.41		0.07	-0.07	0.19	-0.1	0.38	0.15
Other Stockholder Equity	0.82	0.55	0.27	0.82	0.73	0.58	0.49	0.23	-0.45	0.52	-0.01	0.75	0.55	0.15	0.57	0.47	0.07	-0.03	0.54	0.07		0.78	0.53	0.63	-0.02	0.77
Total Liab	0.57	0.84	0.12	0.99	0.37	0.81	0.45	0.7	-0.69	0.69	-0.46	0.59	0.47	-0.29	0.55	0.18	-0.11	0.33	0.54	-0.07	0.78		0.24	0.82	-0.03	0.87
Total Current Assets	0.64	0.31	0.07	0.26	0.67	0.26	0.14	-0.31	0.09	0.04	0.6	0.29	0.41	0.7	0.78	0.57	0.24	-0.06	0.58	0.19	0.53	0.24		0.4	0.41	0.38
Short Term Debt	0.64	0.96	0.29	0.83	0.49	0.69	0.16	0.57	-0.35	0.32	-0.23	0.59	0.47	-0.11	0.73	0.2	-0.07	0.21	0.39	-0.1	0.63	0.82	0.4		0.27	0.77
Intangible Assets	0.47	0.26	0.02	-0.03	0.52	0.25	-0.06	0.04	0.46	-0.44	0.13	0.38	0.36	0.05	0.52	0.01	0.15	0.03	-0.09	0.38	-0.02	-0.03	0.41	0.27		0.37
Common Stock	0.76	0.76	0.1	0.88	0.61	0.85	0.48	0.55	-0.45	0.47	-0.32	0.76	0.51	-0.21	0.64	0.14	-0.05	0.17	0.44	0.15	0.77	0.87	0.38	0.77	0.37

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Jiangxi Hengda Account Relationship Matchups

Jiangxi Hengda fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	1.5B	989.0M	1.1B	1.0B	1.0B	923.3M
Short Long Term Debt Total	134.1M	52.7M	147.4M	153.1M	157.4M	91.1M
Other Current Liab	8.1M	1.4M	2.4M	40.9M	2.1M	2.0M
Total Current Liabilities	225.4M	197.6M	279.5M	257.3M	320.8M	169.1M
Total Stockholder Equity	1.3B	758.3M	776.1M	712.7M	671.4M	720.8M
Property Plant And Equipment Net	174.6M	209.4M	272.9M	331.6M	249.0M	168.3M
Current Deferred Revenue	46.5M	55.9M	56.3M	15.7M	77.4M	81.3M
Net Debt	(28.7M)	(106.3M)	33.5M	81.3M	31.0M	32.6M
Retained Earnings	118.4M	(390.1M)	(371.7M)	(434.1M)	(474.7M)	(450.9M)
Accounts Payable	36.7M	97.0M	104.6M	69.5M	93.3M	97.9M
Cash	162.8M	159.0M	113.9M	71.8M	126.4M	146.1M
Non Current Assets Total	884.0M	379.4M	418.9M	484.9M	483.0M	388.6M
Non Currrent Assets Other	141.3M	82.3M	147.5M	116.9M	9.3M	8.8M
Cash And Short Term Investments	212.0M	180.0M	203.7M	98.9M	126.4M	157.7M
Net Receivables	364.1M	317.5M	374.6M	346.6M	318.6M	301.8M
Common Stock Shares Outstanding	284.7M	301.2M	299.3M	300.2M	300.1M	298.8M
Short Term Investments	49.2M	21.0M	89.8M	27.1M	(137.9M)	(131.0M)
Liabilities And Stockholders Equity	1.5B	989.0M	1.1B	1.0B	1.0B	923.3M
Non Current Liabilities Total	3.9M	14.9M	39.1M	31.3M	16.9M	16.1M
Inventory	66.0M	100.1M	97.0M	66.1M	74.7M	48.6M
Other Current Assets	4.1M	12.0M	8.8M	12.1M	13.0M	12.3M
Other Stockholder Equity	828.6M	851.7M	807.4M	811.7M	811.7M	511.5M
Total Liab	229.3M	212.5M	318.6M	288.6M	337.7M	185.2M
Total Current Assets	646.2M	609.6M	684.2M	523.8M	532.6M	534.7M
Short Term Debt	134.1M	43.3M	116.1M	131.2M	147.9M	81.4M
Intangible Assets	35.5M	26.4M	25.7M	24.9M	24.2M	31.3M
Common Stock	306.8M	306.7M	304.5M	300.2M	345.2M	212.5M
Other Liab	3.8M	3.9M	5.6M	7.9M	7.1M	5.4M
Property Plant Equipment	174.6M	209.4M	272.9M	333.1M	383.0M	402.2M
Net Tangible Assets	643.5M	738.4M	715.9M	734.5M	844.7M	766.5M
Short Long Term Debt	133.9M	43.3M	82.1M	102.8M	142.8M	91.1M
Deferred Long Term Liab	329.4K	228.2K	630.2K	436.0K	392.4K	558.6K
Net Invested Capital	1.4B	811.0M	886.4M	837.1M	819.7M	844.6M
Net Working Capital	420.8M	412.0M	404.7M	266.5M	211.9M	280.3M

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

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Jiangxi Net Receivables vs Net Debt Analysis

Net Receivables vs Net Debt

Net Receivables vs Net Debt Correlation Analysis

Correlation Coefficient

Net Receivables

Net Debt

Jiangxi Hengda fundamental ratios Correlations

Jiangxi Hengda Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Jiangxi Hengda fundamental ratios Accounts

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Other Information on Investing in Jiangxi Stock

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Total Liab	+ 0.99	Total Current Liabilities
Total Stockholder Equity	+ 0.97	Total Assets
Short Term Debt	+ 0.96	Short Long Term Debt Total
Cash And Short Term Investments	+ 0.94	Cash
Non Current Assets Total	+ 0.92	Total Assets
Common Stock	+ 0.88	Total Current Liabilities

Accounts Payable	- 0.95	Retained Earnings
Cash	- 0.9	Net Debt
Cash And Short Term Investments	- 0.8	Net Debt
Total Liab	- 0.69	Retained Earnings
Retained Earnings	- 0.65	Total Current Liabilities
Retained Earnings	- 0.55	Net Debt