Asymchem Non Current Liabilities Total vs Total Assets Analysis

002821 Stock   83.25  0.75  0.89%   
Asymchem Laboratories financial indicator trend analysis is way more than just evaluating Asymchem Laboratories prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Asymchem Laboratories is a good investment. Please check the relationship between Asymchem Laboratories Non Current Liabilities Total and its Total Assets accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Asymchem Laboratories Tian. 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.

Non Current Liabilities Total vs Total Assets

Non Current Liabilities Total vs Total Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Asymchem Laboratories Non Current Liabilities Total account and Total Assets. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Asymchem Laboratories' Non Current Liabilities Total and Total Assets is 0.92. Overlapping area represents the amount of variation of Non Current Liabilities Total that can explain the historical movement of Total Assets in the same time period over historical financial statements of Asymchem Laboratories Tian, assuming nothing else is changed. The correlation between historical values of Asymchem Laboratories' Non Current Liabilities Total and Total Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Non Current Liabilities Total of Asymchem Laboratories Tian are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Non Current Liabilities Total i.e., Asymchem Laboratories' Non Current Liabilities Total and Total Assets go up and down completely randomly.

Correlation Coefficient

0.92
Relationship DirectionPositive 
Relationship StrengthVery Strong

Non Current Liabilities Total

Total Assets

Total assets refers to the total amount of Asymchem Laboratories 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 Asymchem Laboratories 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.
Most indicators from Asymchem Laboratories' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Asymchem Laboratories 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 Asymchem Laboratories Tian. 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 514.9 M, whereas Tax Provision is forecasted to decline to about 163.4 M.
 2021 2022 2023 2024 (projected)
Operating Income1.2B3.2B2.3B2.4B
Total Revenue4.6B10.3B7.8B8.2B

Asymchem Laboratories fundamental ratios Correlations

0.50.971.00.790.970.820.990.96-0.30.980.820.750.980.990.920.990.931.00.981.00.930.920.92-0.3-0.69
0.50.670.480.620.350.770.440.550.120.630.850.860.640.540.390.430.420.460.410.520.580.130.540.010.22
0.970.670.960.850.890.910.960.97-0.20.980.920.891.00.960.860.930.840.950.910.970.920.820.92-0.16-0.51
1.00.480.960.780.980.810.990.95-0.310.980.810.740.970.980.930.990.931.00.991.00.920.930.92-0.31-0.7
0.790.620.850.780.720.950.770.88-0.060.840.910.830.850.840.780.780.650.770.690.780.90.640.92-0.26-0.24
0.970.350.890.980.720.730.940.9-0.340.940.710.60.910.960.950.990.970.980.980.960.890.940.88-0.46-0.78
0.820.770.910.810.950.730.790.9-0.030.890.980.920.90.860.780.790.690.80.730.820.910.620.91-0.24-0.2
0.990.440.960.990.770.940.790.96-0.30.950.790.750.970.960.880.970.870.990.970.990.890.940.9-0.18-0.71
0.960.550.970.950.880.90.90.96-0.250.960.880.830.980.970.910.940.80.950.890.950.910.870.92-0.23-0.58
-0.30.12-0.2-0.31-0.06-0.34-0.03-0.3-0.25-0.24-0.05-0.01-0.22-0.27-0.33-0.33-0.31-0.31-0.33-0.29-0.17-0.39-0.180.140.47
0.980.630.980.980.840.940.890.950.96-0.240.90.820.980.980.930.970.910.970.940.980.940.840.93-0.33-0.57
0.820.850.920.810.910.710.980.790.88-0.050.90.970.910.860.730.780.690.80.740.830.90.580.89-0.13-0.17
0.750.860.890.740.830.60.920.750.83-0.010.820.970.870.790.60.680.570.720.660.780.810.510.80.09-0.1
0.980.641.00.970.850.910.90.970.98-0.220.980.910.870.970.880.950.860.960.930.980.930.840.93-0.19-0.55
0.990.540.960.980.840.960.860.960.97-0.270.980.860.790.970.920.980.910.980.960.980.930.890.93-0.34-0.63
0.920.390.860.930.780.950.780.880.91-0.330.930.730.60.880.920.950.880.920.890.90.860.880.85-0.59-0.69
0.990.430.930.990.780.990.790.970.94-0.330.970.780.680.950.980.950.950.990.980.980.920.930.91-0.39-0.73
0.930.420.840.930.650.970.690.870.8-0.310.910.690.570.860.910.880.950.940.960.920.870.840.84-0.49-0.7
1.00.460.951.00.770.980.80.990.95-0.310.970.80.720.960.980.920.990.940.991.00.920.930.92-0.31-0.72
0.980.410.910.990.690.980.730.970.89-0.330.940.740.660.930.960.890.980.960.990.980.90.930.88-0.31-0.75
1.00.520.971.00.780.960.820.990.95-0.290.980.830.780.980.980.90.980.921.00.980.920.910.92-0.24-0.67
0.930.580.920.920.90.890.910.890.91-0.170.940.90.810.930.930.860.920.870.920.90.920.80.99-0.3-0.44
0.920.130.820.930.640.940.620.940.87-0.390.840.580.510.840.890.880.930.840.930.930.910.80.81-0.3-0.87
0.920.540.920.920.920.880.910.90.92-0.180.930.890.80.930.930.850.910.840.920.880.920.990.81-0.27-0.46
-0.30.01-0.16-0.31-0.26-0.46-0.24-0.18-0.230.14-0.33-0.130.09-0.19-0.34-0.59-0.39-0.49-0.31-0.31-0.24-0.3-0.3-0.270.35
-0.690.22-0.51-0.7-0.24-0.78-0.2-0.71-0.580.47-0.57-0.17-0.1-0.55-0.63-0.69-0.73-0.7-0.72-0.75-0.67-0.44-0.87-0.460.35
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Asymchem Laboratories Account Relationship Matchups

Asymchem Laboratories fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets3.8B7.2B15.2B18.2B19.8B20.8B
Other Current Liab161.8M423.7M1.1B1.6B191.9K182.3K
Total Current Liabilities504.0M928.6M2.2B2.2B1.8B1.9B
Total Stockholder Equity3.0B6.0B12.6B15.6B17.5B18.4B
Other Liab209.2M238.4M295.6M257.3M295.9M158.3M
Retained Earnings1.7B2.3B3.3B6.2B7.8B8.1B
Accounts Payable267.0M378.6M551.9M568.9M453.6M270.7M
Cash435.3M2.1B6.2B5.3B7.1B7.5B
Other Assets144.8M287.6M541.6M415.0M477.2M501.1M
Net Receivables712.4M986.1M1.8B2.5B2.0B2.1B
Inventory448.8M726.4M1.4B1.5B945.3M557.6M
Other Current Assets36.5M189.6M457.5M376.4M182.1M119.0M
Total Liab713.2M1.2B2.5B2.5B2.3B2.4B
Intangible Assets121.8M285.7M374.1M473.2M465.6M488.9M
Common Stock231.3M242.5M263.0M369.9M425.4M446.7M
Property Plant Equipment1.6B2.5B3.7B5.4B6.2B6.5B
Net Tangible Assets2.9B5.9B12.4B15.4B17.8B18.6B
Other Stockholder Equity7.7M3.4B9.1B15.3B17.6B18.4B
Total Current Assets1.6B4.0B10.3B11.9B12.4B13.0B
Non Current Assets Total2.1B3.1B4.8B6.4B7.4B3.7B
Non Currrent Assets Other54.1M169.5M354.7M237.1M688.5M722.9M
Non Current Liabilities Total209.2M238.4M341.5M367.2M456.4M270.1M
Common Stock Shares Outstanding231.4M242.5M263.1M370.0M369.7M304.5M
Net Invested Capital3.0B6.0B13.0B15.6B17.5B9.4B
Net Working Capital1.1B3.1B8.1B9.7B10.6B5.5B
Capital Stock231.3M242.5M263.0M369.9M369.5M312.9M

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Other Information on Investing in Asymchem Stock

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