Xingyuan Long Term Investments vs Net Tangible Assets Analysis
300266 Stock | 3.17 0.07 2.16% |
Xingyuan Environment financial indicator trend analysis is more than just analyzing Xingyuan Environment current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Xingyuan Environment is a good investment. Please check the relationship between Xingyuan Environment Long Term Investments and its Net Tangible Assets accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Xingyuan Environment Technology. 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 Investments vs Net Tangible Assets
Long Term Investments vs Net Tangible Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Xingyuan Environment Long Term Investments account and Net Tangible Assets. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Xingyuan Environment's Long Term Investments and Net Tangible Assets is 0.59. Overlapping area represents the amount of variation of Long Term Investments that can explain the historical movement of Net Tangible Assets in the same time period over historical financial statements of Xingyuan Environment Technology, assuming nothing else is changed. The correlation between historical values of Xingyuan Environment's Long Term Investments and Net Tangible 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 Long Term Investments of Xingyuan Environment Technology are associated (or correlated) with its Net Tangible Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Tangible Assets has no effect on the direction of Long Term Investments i.e., Xingyuan Environment's Long Term Investments and Net Tangible Assets go up and down completely randomly.
Correlation Coefficient | 0.59 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Long Term Investments
Long Term Investments is an item on the asset side of Xingyuan Environment balance sheet that represents investments Xingyuan Environment intends to hold for over a year. Xingyuan Environment Technology long term investments may include different instruments such as stocks, bonds, real estate and cash.Net Tangible Assets
The total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company.Most indicators from Xingyuan Environment's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Xingyuan Environment 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 Xingyuan Environment Technology. 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 77.1 M. The current year's Tax Provision is expected to grow to about 28.8 M
Xingyuan Environment fundamental ratios Correlations
Click cells to compare fundamentals
Xingyuan Environment Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Xingyuan Environment fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 10.6B | 11.3B | 11.9B | 11.1B | 10.2B | 5.9B | |
Other Current Liab | 490.7M | 743.2M | 1.5B | 120.9M | 120.7M | 114.7M | |
Total Current Liabilities | 5.8B | 5.9B | 6.3B | 6.3B | 6.0B | 3.1B | |
Total Stockholder Equity | 2.5B | 1.9B | 1.8B | 1.2B | 278.9M | 264.9M | |
Retained Earnings | (206.3M) | (763.0M) | (795.6M) | (1.5B) | (2.5B) | (2.3B) | |
Accounts Payable | 2.8B | 2.5B | 2.6B | 2.2B | 2.0B | 1.3B | |
Cash | 795.7M | 1.1B | 904.6M | 584.9M | 732.5M | 513.7M | |
Other Assets | 922.0M | 698.0M | 5.8B | 6.2B | 7.2B | 7.5B | |
Net Receivables | 1.6B | 1.1B | 2.6B | 1.2B | 1.2B | 982.0M | |
Inventory | 5.5B | 124.2M | 269.0M | 260.5M | 277.4M | 263.5M | |
Other Current Assets | 382.9M | 454.9M | 556.1M | 442.2M | 357.4M | 180.5M | |
Total Liab | 7.8B | 9.1B | 9.7B | 9.6B | 9.2B | 9.7B | |
Intangible Assets | 544.7M | 670.5M | 591.5M | 562.5M | 597.8M | 627.7M | |
Property Plant Equipment | 366.6M | 316.3M | 331.5M | 362.3M | 416.6M | 313.8M | |
Other Liab | 502.9M | 548.5M | 743.0M | 746.7M | 858.7M | 901.7M | |
Long Term Debt | 1.6B | 2.5B | 2.6B | 2.4B | 1.9B | 1.3B | |
Good Will | 421.5M | 300.8M | 290.9M | 227.4M | 57.8M | 54.9M | |
Net Tangible Assets | 1.6B | 1.5B | 948.4M | 966.4M | 869.7M | 1.1B | |
Other Stockholder Equity | 5.0M | (232.9M) | (261.6M) | (261.6M) | (235.4M) | (223.7M) | |
Deferred Long Term Liab | 6.6M | 5.0M | 4.5M | 4.9M | 5.7M | 5.2M | |
Short Long Term Debt | 1.5B | 2.0B | 1.7B | 1.3B | 771.2M | 1.3B | |
Total Current Assets | 8.4B | 4.1B | 4.3B | 3.6B | 3.4B | 5.2B | |
Non Current Assets Total | 2.2B | 7.2B | 7.6B | 7.5B | 6.9B | 5.3B | |
Non Currrent Assets Other | 2.2B | 5.0B | 6.0B | 5.9B | 5.5B | 3.4B | |
Non Current Liabilities Total | 2.0B | 3.2B | 3.4B | 3.3B | 3.2B | 2.4B | |
Non Current Liabilities Other | 334.2M | 616.1M | 703.6M | 743.4M | 712.5M | 558.0M | |
Net Debt | 2.2B | 3.4B | 3.4B | 3.1B | 2.0B | 2.7B | |
Net Invested Capital | 5.5B | 6.4B | 6.1B | 5.0B | 3.0B | 4.2B | |
Net Working Capital | 2.6B | (1.8B) | (2.0B) | (2.7B) | (2.7B) | (2.5B) |
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Balance Sheet is a snapshot of the financial position of Xingyuan Environment at a specified time, usually calculated after every quarter, six months, or one year. Xingyuan Environment Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Xingyuan Environment 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 Xingyuan currently owns. An asset can also be divided into two categories, current and non-current.