Wenzhou Depreciation vs Change To Liabilities Analysis

300283 Stock   6.74  0.04  0.60%   
Wenzhou Hongfeng financial indicator trend analysis is more than just analyzing Wenzhou Hongfeng Ele current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Wenzhou Hongfeng Ele is a good investment. Please check the relationship between Wenzhou Hongfeng Depreciation and its Change To Liabilities accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Wenzhou Hongfeng Electrical. 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.

Depreciation vs Change To Liabilities

Depreciation vs Change To Liabilities Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Wenzhou Hongfeng Ele Depreciation account and Change To Liabilities. At this time, the significance of the direction appears to have strong relationship.
The correlation between Wenzhou Hongfeng's Depreciation and Change To Liabilities is 0.61. Overlapping area represents the amount of variation of Depreciation that can explain the historical movement of Change To Liabilities in the same time period over historical financial statements of Wenzhou Hongfeng Electrical, assuming nothing else is changed. The correlation between historical values of Wenzhou Hongfeng's Depreciation and Change To Liabilities is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Depreciation of Wenzhou Hongfeng Electrical are associated (or correlated) with its Change To Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Change To Liabilities has no effect on the direction of Depreciation i.e., Wenzhou Hongfeng's Depreciation and Change To Liabilities go up and down completely randomly.

Correlation Coefficient

0.61
Relationship DirectionPositive 
Relationship StrengthSignificant

Depreciation

Depreciation indicates how much of Wenzhou Hongfeng Ele value has been used up. For tax purposes Wenzhou Hongfeng can deduct the cost of the tangible assets it purchases as business expenses. However, Wenzhou Hongfeng Electrical must depreciate these assets in accordance with IRS rules about how and when the deduction may be taken, and how long it will last. The systematic allocation of the cost of a tangible asset over its useful life.

Change To Liabilities

Most indicators from Wenzhou Hongfeng's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Wenzhou Hongfeng Ele 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 Wenzhou Hongfeng Electrical. 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 7.5 M, whereas Selling General Administrative is forecasted to decline to about 12.7 M.
 2021 2022 2023 2024 (projected)
Interest Expense51.2M60.4M73.4M77.1M
Depreciation And Amortization70.0M81.8M95.1M99.8M

Wenzhou Hongfeng fundamental ratios Correlations

0.990.090.810.780.980.280.970.810.910.340.990.46-0.040.360.830.550.990.26-0.220.990.840.780.890.70.76
0.990.10.790.690.980.210.990.770.950.30.980.41-0.050.310.80.440.970.17-0.311.00.80.750.890.650.71
0.090.10.110.050.10.350.14-0.08-0.03-0.240.11-0.130.2-0.270.12-0.310.120.31-0.160.110.090.070.30.250.12
0.810.790.110.790.750.610.780.890.680.310.80.710.250.340.880.430.780.53-0.420.820.890.990.750.880.93
0.780.690.050.790.70.460.660.910.520.450.740.610.070.470.890.790.790.530.120.70.930.790.610.760.86
0.980.980.10.750.70.140.980.730.950.230.990.35-0.020.240.780.510.960.2-0.280.980.760.720.920.670.72
0.280.210.350.610.460.140.180.440.010.290.230.710.30.30.390.10.310.71-0.210.280.50.60.220.610.53
0.970.990.140.780.660.980.180.730.950.160.990.390.040.170.790.40.950.21-0.40.990.760.740.930.690.72
0.810.77-0.080.890.910.730.440.730.620.510.760.66-0.010.540.920.630.820.37-0.080.780.960.90.610.720.85
0.910.95-0.030.680.520.950.010.950.620.170.940.27-0.080.190.680.350.870.01-0.420.940.650.630.860.550.6
0.340.3-0.240.310.450.230.290.160.510.170.220.3-0.561.00.340.360.39-0.190.460.30.540.3-0.03-0.030.14
0.990.980.110.80.740.990.230.990.760.940.220.430.030.240.80.520.960.28-0.320.990.790.770.930.740.78
0.460.41-0.130.710.610.350.710.390.660.270.30.430.320.340.50.320.480.63-0.280.460.630.710.270.670.69
-0.04-0.050.20.250.07-0.020.30.04-0.01-0.08-0.560.030.32-0.520.12-0.05-0.090.6-0.34-0.02-0.030.30.220.430.35
0.360.31-0.270.340.470.240.30.170.540.191.00.240.34-0.520.360.380.4-0.170.450.320.550.34-0.01-0.010.17
0.830.80.120.880.890.780.390.790.920.680.340.80.50.120.360.550.830.34-0.140.810.950.860.730.750.85
0.550.44-0.310.430.790.510.10.40.630.350.360.520.32-0.050.380.550.530.390.360.430.580.460.410.490.59
0.990.970.120.780.790.960.310.950.820.870.390.960.48-0.090.40.830.530.24-0.170.970.870.750.840.670.72
0.260.170.310.530.530.20.710.210.370.01-0.190.280.630.6-0.170.340.390.24-0.240.220.370.550.380.780.68
-0.22-0.31-0.16-0.420.12-0.28-0.21-0.4-0.08-0.420.46-0.32-0.28-0.340.45-0.140.36-0.17-0.24-0.35-0.06-0.39-0.44-0.48-0.34
0.991.00.110.820.70.980.280.990.780.940.30.990.46-0.020.320.810.430.970.22-0.350.810.790.90.70.74
0.840.80.090.890.930.760.50.760.960.650.540.790.63-0.030.550.950.580.870.37-0.060.810.860.650.730.84
0.780.750.070.990.790.720.60.740.90.630.30.770.710.30.340.860.460.750.55-0.390.790.860.730.870.93
0.890.890.30.750.610.920.220.930.610.86-0.030.930.270.22-0.010.730.410.840.38-0.440.90.650.730.770.75
0.70.650.250.880.760.670.610.690.720.55-0.030.740.670.43-0.010.750.490.670.78-0.480.70.730.870.770.95
0.760.710.120.930.860.720.530.720.850.60.140.780.690.350.170.850.590.720.68-0.340.740.840.930.750.95
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Wenzhou Hongfeng Account Relationship Matchups

Wenzhou Hongfeng fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets1.5B1.7B2.0B2.5B2.9B3.0B
Short Long Term Debt Total636.0M663.8M834.7M1.1B1.4B1.5B
Other Current Liab5.1M535.6K1.6M542.0K55.3M28.8M
Total Current Liabilities728.7M859.5M1.1B894.3M1.1B591.4M
Total Stockholder Equity614.0M763.6M820.0M944.7M953.0M584.8M
Property Plant And Equipment Net555.7M569.2M607.5M832.1M1.2B1.2B
Current Deferred Revenue26.0M121.0M183.8M107.6M7.3M7.0M
Net Debt625.8M601.9M591.8M964.0M1.3B1.3B
Retained Earnings152.1M177.7M224.5M235.2M244.0M136.0M
Accounts Payable132.5M129.9M134.8M200.1M304.3M319.5M
Cash10.2M61.9M242.8M160.8M137.1M96.2M
Non Current Assets Total786.1M808.2M893.5M1.2B1.5B1.5B
Non Currrent Assets Other83.6M74.8M108.4M143.9M14.0M13.3M
Other Assets57.7M70.9M75.3M1.01.151.09
Cash And Short Term Investments30.2M71.9M243.0M161.1M137.2M98.4M
Net Receivables244.7M361.9M299.0M358.5M470.0M251.1M
Common Stock Shares Outstanding419.4M414.4M437.1M437.1M437.1M423.4M
Liabilities And Stockholders Equity1.5B1.7B2.0B2.5B2.9B3.0B
Inventory347.9M451.6M547.7M748.1M765.1M803.4M
Other Current Assets42.1M43.5M42.2M37.3M9.6M9.1M
Other Stockholder Equity17.7M115.0M120.1M121.1M118.9M98.6M
Total Liab834.4M971.6M1.2B1.5B1.8B1.9B
Total Current Assets664.9M929.0M1.1B1.3B1.4B740.4M
Short Term Debt565.1M608.0M770.9M586.0M705.0M413.8M
Intangible Assets97.8M94.6M83.5M81.4M163.0M171.2M
Property Plant Equipment573.2M555.7M569.2M607.5M698.6M351.2M
Other Liab18.9M24.2M23.9M27.1M31.2M16.2M
Non Current Liabilities Total105.6M112.1M106.5M581.2M714.2M749.9M
Short Term Investments20M10M125.6K307.1K38.7K36.7K
Net Tangible Assets481.5M516.3M669.0M736.5M847.0M601.2M
Long Term Debt81.4M55.8M63.1M500.7M630.4M662.0M
Deferred Long Term Liab1.4M920.8K467.7K47.1K42.4K40.3K
Short Long Term Debt527.3M565.7M724.2M494.6M453.6M553.9M
Net Invested Capital1.2B1.4B1.6B1.9B2.0B1.6B
Net Working Capital(63.8M)69.5M40.7M410.8M310.0M325.5M

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Other Information on Investing in Wenzhou Stock

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