Shenzhen Long Term Debt vs Short Term Investments Analysis

300124 Stock

59.39 0.69 1.15%

Shenzhen Inovance financial indicator trend analysis is much more than just breaking down Shenzhen Inovance Tech prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Shenzhen Inovance Tech is a good investment. Please check the relationship between Shenzhen Inovance Long Term Debt and its Short Term Investments accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Shenzhen Inovance 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.

Long Term Debt vs Short Term Investments

Long Term Debt vs Short Term Investments Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Shenzhen Inovance Tech Long Term Debt account and Short Term Investments. At this time, the significance of the direction appears to have very week relationship.

The correlation between Shenzhen Inovance's Long Term Debt and Short Term Investments is 0.21. Overlapping area represents the amount of variation of Long Term Debt that can explain the historical movement of Short Term Investments in the same time period over historical financial statements of Shenzhen Inovance Tech, assuming nothing else is changed. The correlation between historical values of Shenzhen Inovance's Long Term Debt and Short 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 Long Term Debt of Shenzhen Inovance Tech are associated (or correlated) with its Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Term Investments has no effect on the direction of Long Term Debt i.e., Shenzhen Inovance's Long Term Debt and Short Term Investments go up and down completely randomly.

Correlation Coefficient

0.21

Relationship Direction	Positive
Relationship Strength	Very Weak

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Long Term Debt

Long-term debt is a debt that Shenzhen Inovance Tech has held for over one year. Long-term debt appears on Shenzhen Inovance Tech balance sheet and also includes long-term leases. The most common forms of long term debt are bonds payable, long-term notes payable, mortgage payable, pension liabilities, and lease liabilities. In the corporate world, long-term debt is generally used to fund big-ticket items, such as machinery, buildings, and land. The total of long-term debt reported on Shenzhen Inovance Tech balance sheet is the sum of the balances of all categories of long-term debt. Debt that is not due within the current year and is often considered to be financing activities that are to be repaid over several years.

Short Term Investments

Short Term Investments is an item under the current assets section of Shenzhen Inovance balance sheet. It contains any investments Shenzhen Inovance Tech undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that Shenzhen Inovance Tech can easily liquidate in the marketplace.

Most indicators from Shenzhen Inovance's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Shenzhen Inovance Tech 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 Shenzhen Inovance 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 2.4 B, whereas Tax Provision is forecasted to decline to about 133.6 M.

	2021	2022	2023	2024 (projected)
Operating Income	3.3B	4.0B	4.9B	5.1B
Total Revenue	17.9B	23.0B	30.4B	31.9B

Operating Income Total Revenue

Shenzhen Inovance fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Retained Earnings	Accounts Payable	Cash	Other Assets	Net Receivables	Inventory	Other Current Assets	Total Liab	Intangible Assets	Common Stock	Property Plant Equipment	Other Liab	Good Will	Short Term Investments	Net Tangible Assets	Long Term Debt	Other Stockholder Equity	Deferred Long Term Liab	Long Term Investments	Short Long Term Debt	Total Current Assets	Treasury Stock
Total Assets		0.97	1.0	1.0	1.0	1.0	0.96	0.99	0.96	0.99	0.85	1.0	0.94	0.92	1.0	0.97	0.77	0.31	0.99	0.96	-0.61	0.81	0.82	0.66	1.0	-0.6
Other Current Liab	0.97		0.97	0.96	0.97	0.96	0.93	0.96	0.92	0.96	0.85	0.97	0.95	0.93	0.97	0.96	0.77	0.39	0.95	0.92	-0.65	0.79	0.82	0.78	0.96	-0.69
Total Current Liabilities	1.0	0.97		0.99	1.0	1.0	0.96	0.99	0.96	0.99	0.84	1.0	0.93	0.91	1.0	0.98	0.76	0.3	0.99	0.95	-0.59	0.8	0.81	0.68	1.0	-0.6
Total Stockholder Equity	1.0	0.96	0.99		1.0	0.99	0.95	0.99	0.97	1.0	0.86	0.99	0.95	0.93	0.99	0.96	0.79	0.33	0.99	0.95	-0.63	0.83	0.83	0.66	0.99	-0.62
Retained Earnings	1.0	0.97	1.0	1.0		1.0	0.95	0.99	0.97	1.0	0.86	1.0	0.95	0.93	1.0	0.97	0.78	0.32	0.99	0.95	-0.63	0.83	0.83	0.67	0.99	-0.62
Accounts Payable	1.0	0.96	1.0	0.99	1.0		0.96	1.0	0.96	0.99	0.84	1.0	0.92	0.9	1.0	0.98	0.74	0.26	0.99	0.96	-0.57	0.79	0.79	0.63	1.0	-0.56
Cash	0.96	0.93	0.96	0.95	0.95	0.96		0.97	0.87	0.95	0.8	0.96	0.83	0.82	0.96	0.97	0.66	0.19	0.96	0.94	-0.41	0.67	0.65	0.59	0.96	-0.44
Other Assets	0.99	0.96	0.99	0.99	0.99	1.0	0.97		0.95	0.99	0.87	0.99	0.91	0.89	1.0	0.98	0.74	0.29	1.0	0.95	-0.55	0.79	0.77	0.66	1.0	-0.55
Net Receivables	0.96	0.92	0.96	0.97	0.97	0.96	0.87	0.95		0.97	0.84	0.95	0.96	0.97	0.95	0.9	0.78	0.38	0.95	0.86	-0.72	0.84	0.87	0.64	0.95	-0.7
Inventory	0.99	0.96	0.99	1.0	1.0	0.99	0.95	0.99	0.97		0.89	0.99	0.94	0.92	0.99	0.96	0.79	0.35	1.0	0.94	-0.62	0.84	0.82	0.68	0.99	-0.61
Other Current Assets	0.85	0.85	0.84	0.86	0.86	0.84	0.8	0.87	0.84	0.89		0.83	0.82	0.81	0.86	0.79	0.79	0.56	0.88	0.76	-0.61	0.85	0.73	0.76	0.85	-0.58
Total Liab	1.0	0.97	1.0	0.99	1.0	1.0	0.96	0.99	0.95	0.99	0.83		0.93	0.9	1.0	0.99	0.75	0.28	0.99	0.96	-0.58	0.79	0.8	0.67	1.0	-0.58
Intangible Assets	0.94	0.95	0.93	0.95	0.95	0.92	0.83	0.91	0.96	0.94	0.82	0.93		0.98	0.93	0.88	0.87	0.49	0.91	0.88	-0.81	0.88	0.94	0.74	0.91	-0.8
Common Stock	0.92	0.93	0.91	0.93	0.93	0.9	0.82	0.89	0.97	0.92	0.81	0.9	0.98		0.9	0.85	0.8	0.48	0.89	0.82	-0.82	0.83	0.91	0.66	0.89	-0.84
Property Plant Equipment	1.0	0.97	1.0	0.99	1.0	1.0	0.96	1.0	0.95	0.99	0.86	1.0	0.93	0.9		0.98	0.77	0.3	0.99	0.96	-0.58	0.81	0.8	0.7	1.0	-0.58
Other Liab	0.97	0.96	0.98	0.96	0.97	0.98	0.97	0.98	0.9	0.96	0.79	0.99	0.88	0.85	0.98		0.67	0.19	0.97	0.95	-0.48	0.71	0.73	0.68	0.98	-0.51
Good Will	0.77	0.77	0.76	0.79	0.78	0.74	0.66	0.74	0.78	0.79	0.79	0.75	0.87	0.8	0.77	0.67		0.66	0.75	0.76	-0.78	0.95	0.85	0.73	0.75	-0.7
Short Term Investments	0.31	0.39	0.3	0.33	0.32	0.26	0.19	0.29	0.38	0.35	0.56	0.28	0.49	0.48	0.3	0.19	0.66		0.29	0.21	-0.59	0.55	0.46	0.57	0.27	-0.57
Net Tangible Assets	0.99	0.95	0.99	0.99	0.99	0.99	0.96	1.0	0.95	1.0	0.88	0.99	0.91	0.89	0.99	0.97	0.75	0.29		0.94	-0.57	0.81	0.78	0.65	1.0	-0.56
Long Term Debt	0.96	0.92	0.95	0.95	0.95	0.96	0.94	0.95	0.86	0.94	0.76	0.96	0.88	0.82	0.96	0.95	0.76	0.21	0.94		-0.54	0.76	0.77	0.62	0.96	-0.52
Other Stockholder Equity	-0.61	-0.65	-0.59	-0.63	-0.63	-0.57	-0.41	-0.55	-0.72	-0.62	-0.61	-0.58	-0.81	-0.82	-0.58	-0.48	-0.78	-0.59	-0.57	-0.54		-0.8	-0.93	-0.57	-0.57	0.96
Deferred Long Term Liab	0.81	0.79	0.8	0.83	0.83	0.79	0.67	0.79	0.84	0.84	0.85	0.79	0.88	0.83	0.81	0.71	0.95	0.55	0.81	0.76	-0.8		0.9	0.75	0.79	-0.71
Long Term Investments	0.82	0.82	0.81	0.83	0.83	0.79	0.65	0.77	0.87	0.82	0.73	0.8	0.94	0.91	0.8	0.73	0.85	0.46	0.78	0.77	-0.93	0.9		0.71	0.79	-0.88
Short Long Term Debt	0.66	0.78	0.68	0.66	0.67	0.63	0.59	0.66	0.64	0.68	0.76	0.67	0.74	0.66	0.7	0.68	0.73	0.57	0.65	0.62	-0.57	0.75	0.71		0.65	-0.61
Total Current Assets	1.0	0.96	1.0	0.99	0.99	1.0	0.96	1.0	0.95	0.99	0.85	1.0	0.91	0.89	1.0	0.98	0.75	0.27	1.0	0.96	-0.57	0.79	0.79	0.65		-0.56
Treasury Stock	-0.6	-0.69	-0.6	-0.62	-0.62	-0.56	-0.44	-0.55	-0.7	-0.61	-0.58	-0.58	-0.8	-0.84	-0.58	-0.51	-0.7	-0.57	-0.56	-0.52	0.96	-0.71	-0.88	-0.61	-0.56

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Shenzhen Inovance Account Relationship Matchups

Shenzhen Inovance fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	14.9B	18.6B	27.3B	39.2B	49.0B	51.4B
Other Current Liab	995.0M	1.0B	1.2B	2.6B	2.4B	2.5B
Total Current Liabilities	5.3B	6.0B	10.0B	16.1B	19.6B	20.6B
Total Stockholder Equity	8.6B	10.6B	15.9B	19.8B	24.5B	25.7B
Retained Earnings	4.3B	6.1B	9.0B	12.6B	15.1B	15.9B
Accounts Payable	2.5B	3.8B	6.4B	9.3B	12.3B	12.9B
Cash	1.8B	3.0B	4.0B	7.4B	8.5B	8.9B
Other Assets	363.9M	606.6M	1.2B	1.8B	2.1B	2.2B
Net Receivables	3.9B	3.0B	7.3B	6.4B	8.8B	9.2B
Inventory	1.7B	2.4B	4.2B	5.5B	6.2B	6.6B
Other Current Assets	180.3M	290.9M	849.6M	1.1B	572.9M	601.6M
Total Liab	5.9B	7.6B	11.0B	19.1B	24.0B	25.2B
Intangible Assets	528.4M	497.9M	583.9M	711.6M	797.4M	837.3M
Common Stock	1.7B	1.7B	2.6B	2.7B	3.1B	3.2B
Property Plant Equipment	1.6B	2.0B	2.9B	4.8B	5.6B	5.8B
Other Liab	209.9M	254.3M	362.0M	1.2B	1.3B	1.4B
Short Term Investments	2.0B	1.3B	2.1B	2.0B	671.9M	638.3M
Net Tangible Assets	6.1B	8.2B	13.4B	17.1B	19.7B	20.7B
Long Term Debt	471.8M	1.4B	597.0M	1.8B	2.3B	2.5B
Other Stockholder Equity	2.9M	(5.8M)	(6.4M)	13.9M	12.5M	10.3M
Deferred Long Term Liab	118.0M	121.0M	165.0M	159.9M	183.9M	92.4M
Short Long Term Debt	1.3B	331.1M	404.6M	2.1B	804.3M	706.1M
Total Current Assets	9.5B	12.5B	18.4B	25.9B	31.2B	32.8B
Non Current Assets Total	5.4B	6.2B	8.9B	13.3B	17.7B	18.6B
Non Currrent Assets Other	83.7M	186.2M	405.3M	630.8M	1.8B	1.9B
Non Current Liabilities Total	681.7M	1.7B	977.0M	3.0B	4.3B	4.5B
Non Current Liabilities Other	86.6M	131.5M	212.2M	702.5M	1.3B	1.4B
Common Stock Shares Outstanding	2.6B	2.6B	2.6B	2.7B	2.7B	2.9B
Net Invested Capital	10.4B	12.4B	16.9B	23.7B	27.6B	16.3B
Net Working Capital	4.2B	6.5B	8.4B	9.9B	11.6B	7.7B
Capital Stock	1.7B	1.7B	2.6B	2.7B	2.7B	2.4B

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Other Information on Investing in Shenzhen Stock

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

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Shenzhen Long Term Debt vs Short Term Investments Analysis

Long Term Debt vs Short Term Investments

Long Term Debt vs Short Term Investments Correlation Analysis

Correlation Coefficient

Long Term Debt

Short Term Investments

Shenzhen Inovance fundamental ratios Correlations

Shenzhen Inovance Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Shenzhen Inovance fundamental ratios Accounts

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Other Information on Investing in Shenzhen Stock

COMMON DESTINATIONS

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COMPANY

Total Current Liabilities	+ 1.0	Total Assets
Total Stockholder Equity	+ 1.0	Total Assets
Retained Earnings	+ 1.0	Total Assets
Accounts Payable	+ 1.0	Total Assets
Total Liab	+ 1.0	Total Assets
Property Plant Equipment	+ 1.0	Total Assets

Long Term Investments	- 0.93	Other Stockholder Equity
Treasury Stock	- 0.88	Long Term Investments
Treasury Stock	- 0.84	Common Stock
Other Stockholder Equity	- 0.82	Common Stock
Other Stockholder Equity	- 0.81	Intangible Assets
Deferred Long Term Liab	- 0.8	Other Stockholder Equity