Shandong Short Term Debt vs Other Liab Analysis

300243 Stock

9.22 0.06 0.65%

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

Short Term Debt vs Other Liab

Short Term Debt vs Other Liab Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Shandong Ruifeng Chemical Short Term Debt account and Other Liab. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between Shandong Ruifeng's Short Term Debt and Other Liab is 0.46. Overlapping area represents the amount of variation of Short Term Debt that can explain the historical movement of Other Liab in the same time period over historical financial statements of Shandong Ruifeng Chemical, assuming nothing else is changed. The correlation between historical values of Shandong Ruifeng's Short Term Debt and Other Liab is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Short Term Debt of Shandong Ruifeng Chemical are associated (or correlated) with its Other Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Liab has no effect on the direction of Short Term Debt i.e., Shandong Ruifeng's Short Term Debt and Other Liab go up and down completely randomly.

Correlation Coefficient

0.46

Relationship Direction	Positive
Relationship Strength	Weak

View All Relationships

Short Term Debt

Other Liab

Most indicators from Shandong Ruifeng's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Shandong Ruifeng Chemical 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 Shandong Ruifeng Chemical. 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 Tax Provision is expected to grow to about 12.4 M, whereas Selling General Administrative is forecasted to decline to about 113.5 M.

	2022	2023	2024	2025 (projected)
Operating Income	73.2M	110.0M	90.3M	82.0M
Total Revenue	1.8B	1.8B	2.0B	1.2B

Operating Income Total Revenue

Shandong Ruifeng 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	Long Term Debt	Other Liab	Treasury Stock	Net Tangible Assets	Short Long Term Debt	Total Current Assets	Short Term Debt	Non Current Assets Total	Non Currrent Assets Other	Non Current Liabilities Total	Net Debt
Total Assets		-0.74	0.81	0.97	0.94	0.92	0.85	0.67	0.37	0.69	-0.22	0.86	0.82	0.78	0.86	0.64	0.2	0.64	0.91	0.71	0.8	0.52	0.9	0.68	0.79	0.83
Other Current Liab	-0.74		-0.65	-0.67	-0.57	-0.58	-0.73	-0.51	-0.09	-0.74	0.03	-0.83	-0.51	-0.46	-0.79	-0.35	-0.05	-0.33	-0.59	-0.44	-0.64	-0.22	-0.76	-0.51	-0.75	-0.77
Total Current Liabilities	0.81	-0.65		0.71	0.69	0.62	0.57	0.9	0.6	0.53	-0.37	0.77	0.78	0.76	0.63	0.38	0.34	0.63	0.58	0.52	0.56	0.32	0.58	0.44	0.47	0.58
Total Stockholder Equity	0.97	-0.67	0.71		0.97	0.95	0.84	0.56	0.36	0.67	-0.14	0.79	0.8	0.8	0.84	0.74	0.25	0.67	0.93	0.78	0.74	0.62	0.87	0.71	0.76	0.76
Retained Earnings	0.94	-0.57	0.69	0.97		0.97	0.72	0.6	0.35	0.59	-0.19	0.75	0.86	0.83	0.82	0.8	0.25	0.77	0.94	0.82	0.65	0.69	0.83	0.79	0.72	0.69
Accounts Payable	0.92	-0.58	0.62	0.95	0.97		0.74	0.55	0.25	0.59	-0.14	0.75	0.75	0.71	0.84	0.72	0.16	0.66	0.95	0.72	0.7	0.58	0.87	0.8	0.77	0.73
Cash	0.85	-0.73	0.57	0.84	0.72	0.74		0.44	0.07	0.64	0.12	0.71	0.49	0.49	0.71	0.38	-0.05	0.28	0.78	0.47	0.84	0.24	0.83	0.59	0.74	0.76
Other Assets	0.67	-0.51	0.9	0.56	0.6	0.55	0.44		0.52	0.29	-0.3	0.64	0.67	0.66	0.51	0.26	0.2	0.63	0.48	0.33	0.41	0.18	0.43	0.49	0.35	0.37
Net Receivables	0.37	-0.09	0.6	0.36	0.35	0.25	0.07	0.52		0.16	-0.38	0.33	0.54	0.65	0.23	0.36	0.63	0.62	0.17	0.29	0.02	0.4	0.03	-0.11	0.06	0.03
Inventory	0.69	-0.74	0.53	0.67	0.59	0.59	0.64	0.29	0.16		-0.37	0.88	0.5	0.41	0.88	0.56	0.14	0.3	0.69	0.63	0.79	0.41	0.78	0.5	0.86	0.81
Other Current Assets	-0.22	0.03	-0.37	-0.14	-0.19	-0.14	0.12	-0.3	-0.38	-0.37		-0.4	-0.45	-0.23	-0.32	-0.32	-0.05	-0.36	-0.2	-0.35	-0.24	-0.29	-0.22	0.02	-0.27	-0.27
Total Liab	0.86	-0.83	0.77	0.79	0.75	0.75	0.71	0.64	0.33	0.88	-0.4		0.73	0.61	0.95	0.58	0.16	0.55	0.78	0.62	0.78	0.43	0.86	0.61	0.9	0.83
Intangible Assets	0.82	-0.51	0.78	0.8	0.86	0.75	0.49	0.67	0.54	0.5	-0.45	0.73		0.92	0.73	0.78	0.38	0.86	0.72	0.79	0.43	0.74	0.64	0.57	0.57	0.56
Common Stock	0.78	-0.46	0.76	0.8	0.83	0.71	0.49	0.66	0.65	0.41	-0.23	0.61	0.92		0.63	0.72	0.59	0.82	0.64	0.72	0.32	0.7	0.5	0.52	0.41	0.4
Property Plant Equipment	0.86	-0.79	0.63	0.84	0.82	0.84	0.71	0.51	0.23	0.88	-0.32	0.95	0.73	0.63		0.71	0.17	0.57	0.86	0.7	0.76	0.55	0.9	0.71	0.95	0.84
Long Term Debt	0.64	-0.35	0.38	0.74	0.8	0.72	0.38	0.26	0.36	0.56	-0.32	0.58	0.78	0.72	0.71		0.37	0.83	0.72	0.94	0.32	0.96	0.58	0.62	0.58	0.46
Other Liab	0.2	-0.05	0.34	0.25	0.25	0.16	-0.05	0.2	0.63	0.14	-0.05	0.16	0.38	0.59	0.17	0.37		0.42	0.03	0.33	-0.15	0.46	-0.09	-0.04	-0.05	-0.09
Treasury Stock	0.64	-0.33	0.63	0.67	0.77	0.66	0.28	0.63	0.62	0.3	-0.36	0.55	0.86	0.82	0.57	0.83	0.42		0.58	0.78	0.16	0.83	0.42	0.52	0.39	0.3
Net Tangible Assets	0.91	-0.59	0.58	0.93	0.94	0.95	0.78	0.48	0.17	0.69	-0.2	0.78	0.72	0.64	0.86	0.72	0.03	0.58		0.76	0.82	0.57	0.93	0.8	0.84	0.83
Short Long Term Debt	0.71	-0.44	0.52	0.78	0.82	0.72	0.47	0.33	0.29	0.63	-0.35	0.62	0.79	0.72	0.7	0.94	0.33	0.78	0.76		0.45	0.9	0.64	0.65	0.57	0.57
Total Current Assets	0.8	-0.64	0.56	0.74	0.65	0.7	0.84	0.41	0.02	0.79	-0.24	0.78	0.43	0.32	0.76	0.32	-0.15	0.16	0.82	0.45		0.14	0.89	0.55	0.83	0.89
Short Term Debt	0.52	-0.22	0.32	0.62	0.69	0.58	0.24	0.18	0.4	0.41	-0.29	0.43	0.74	0.7	0.55	0.96	0.46	0.83	0.57	0.9	0.14		0.41	0.47	0.42	0.32
Non Current Assets Total	0.9	-0.76	0.58	0.87	0.83	0.87	0.83	0.43	0.03	0.78	-0.22	0.86	0.64	0.5	0.9	0.58	-0.09	0.42	0.93	0.64	0.89	0.41		0.7	0.93	0.95
Non Currrent Assets Other	0.68	-0.51	0.44	0.71	0.79	0.8	0.59	0.49	-0.11	0.5	0.02	0.61	0.57	0.52	0.71	0.62	-0.04	0.52	0.8	0.65	0.55	0.47	0.7		0.62	0.53
Non Current Liabilities Total	0.79	-0.75	0.47	0.76	0.72	0.77	0.74	0.35	0.06	0.86	-0.27	0.9	0.57	0.41	0.95	0.58	-0.05	0.39	0.84	0.57	0.83	0.42	0.93	0.62		0.9
Net Debt	0.83	-0.77	0.58	0.76	0.69	0.73	0.76	0.37	0.03	0.81	-0.27	0.83	0.56	0.4	0.84	0.46	-0.09	0.3	0.83	0.57	0.89	0.32	0.95	0.53	0.9

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Shandong Ruifeng Account Relationship Matchups

Shandong Ruifeng fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	1.3B	1.7B	1.9B	2.2B	2.3B	1.2B
Other Current Liab	31.6M	21.3M	1.5M	1.0M	1.0M	992.1K
Total Current Liabilities	545.2M	400.2M	622.8M	599.7M	701.2M	443.5M
Total Stockholder Equity	745.8M	894.0M	935.5M	1.1B	1.1B	603.7M
Retained Earnings	454.1M	519.1M	552.4M	568.4M	564.2M	302.6M
Accounts Payable	95.3M	133.3M	137.8M	140.9M	121.5M	75.3M
Cash	158.8M	233.3M	186.1M	305.8M	280.1M	141.0M
Other Assets	48.4M	102.5M	90.1M	82.5M	94.9M	49.7M
Net Receivables	188.4M	251.2M	292.8M	288.9M	416.3M	307.8M
Inventory	128.3M	118.6M	203.1M	217.2M	321.5M	337.5M
Other Current Assets	43.2M	58.1M	32.6M	23.4M	8.4M	8.0M
Total Liab	554.6M	794.3M	1.0B	1.0B	1.1B	1.2B
Intangible Assets	73.5M	75.7M	99.4M	96.6M	93.8M	66.8M
Property Plant Equipment	223.8M	285.8M	350.8M	647.0M	744.1M	781.3M
Other Liab	10.4M	9.4M	8.3M	8.7M	10.0M	10.4M
Net Tangible Assets	534.4M	609.7M	657.6M	818.3M	941.1M	607.3M
Short Long Term Debt	362.0M	175M	312.6M	320.5M	411.0M	281.6M
Total Current Assets	774.9M	874.8M	947.5M	1.1B	1.3B	890.0M
Non Current Assets Total	542.2M	813.5M	994.0M	1.1B	1.0B	719.6M
Non Currrent Assets Other	85.4M	73.0M	61.5M	47.0M	46.6M	48.1M
Non Current Liabilities Total	9.4M	394.1M	383.2M	433.2M	447.0M	469.3M
Net Debt	203.2M	327.4M	501.1M	440.2M	572.6M	343.3M
Net Invested Capital	1.1B	1.5B	1.6B	1.9B	2.0B	1.4B
Net Working Capital	229.7M	474.6M	324.7M	505.8M	553.5M	390.2M
Property Plant And Equipment Net	350.8M	647.0M	811.5M	900.5M	861.2M	707.1M
Property Plant And Equipment Gross	590.4M	914.6M	811.5M	1.2B	861.2M	902.3M

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Other Information on Investing in Shandong Stock

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

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Shandong Short Term Debt vs Other Liab Analysis

Short Term Debt vs Other Liab

Short Term Debt vs Other Liab Correlation Analysis

Correlation Coefficient

Short Term Debt

Other Liab

Shandong Ruifeng fundamental ratios Correlations

Shandong Ruifeng Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Shandong Ruifeng fundamental ratios Accounts

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Other Information on Investing in Shandong Stock

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COMPANY

Total Stockholder Equity	+ 0.97	Total Assets
Retained Earnings	+ 0.97	Total Stockholder Equity
Accounts Payable	+ 0.97	Retained Earnings
Short Term Debt	+ 0.96	Long Term Debt
Accounts Payable	+ 0.95	Total Stockholder Equity
Net Tangible Assets	+ 0.95	Accounts Payable

Total Liab	- 0.83	Other Current Liab
Property Plant Equipment	- 0.79	Other Current Liab
Net Debt	- 0.77	Other Current Liab
Non Current Assets Total	- 0.76	Other Current Liab
Non Current Liabilities Total	- 0.75	Other Current Liab
Inventory	- 0.74	Other Current Liab