Kangyue Non Current Assets Total vs Short Long Term Debt Analysis

300391 Stock

7.17 0.28 4.06%

Kangyue Technology financial indicator trend analysis is infinitely more than just investigating Kangyue Technology recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Kangyue Technology is a good investment. Please check the relationship between Kangyue Technology Non Current Assets Total and its Short Long Term Debt accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Kangyue Technology Co. 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 Assets Total vs Short Long Term Debt

Non Current Assets Total vs Short Long Term Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Kangyue Technology Non Current Assets Total account and Short Long Term Debt. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Kangyue Technology's Non Current Assets Total and Short Long Term Debt is 0.91. Overlapping area represents the amount of variation of Non Current Assets Total that can explain the historical movement of Short Long Term Debt in the same time period over historical financial statements of Kangyue Technology Co, assuming nothing else is changed. The correlation between historical values of Kangyue Technology's Non Current Assets Total and Short Long Term Debt 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 Assets Total of Kangyue Technology Co are associated (or correlated) with its Short Long Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Long Term Debt has no effect on the direction of Non Current Assets Total i.e., Kangyue Technology's Non Current Assets Total and Short Long Term Debt go up and down completely randomly.

Correlation Coefficient

0.91

Relationship Direction	Positive
Relationship Strength	Very Strong

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Non Current Assets Total

The total value of a company's long-term assets, which are not expected to be converted into cash or used up within one year or the operating cycle, including property, plant, and equipment, and intangible assets.

Short Long Term Debt

The total of a company's short-term and long-term borrowings.

Most indicators from Kangyue Technology's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Kangyue Technology 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 Kangyue Technology Co. 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 27.6 M, whereas Selling General Administrative is forecasted to decline to about 71.5 M.

	2021	2022	2023	2024 (projected)
Gross Profit	535.8M	346.8M	196.0M	264.6M
Research Development	39.4M	25.8M	7.7M	7.3M

Gross Profit Research Development

Kangyue Technology fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Retained Earnings	Accounts Payable	Cash	Other Assets	Long Term Debt	Net Receivables	Inventory	Other Current Assets	Total Liab	Intangible Assets	Common Stock	Property Plant Equipment	Net Tangible Assets	Deferred Long Term Liab	Short Long Term Debt	Total Current Assets	Short Term Debt	Non Current Assets Total	Non Currrent Assets Other	Non Current Liabilities Total	Non Current Liabilities Other
Total Assets		0.71	0.98	0.5	0.89	-0.58	0.86	0.03	0.68	0.7	0.85	0.58	0.8	0.98	0.72	0.87	0.84	-0.53	-0.71	0.9	0.97	0.81	0.96	0.4	0.89	0.26
Other Current Liab	0.71		0.76	0.39	0.6	-0.12	0.73	0.12	0.81	0.18	0.38	0.74	0.85	0.74	0.39	0.44	0.37	-0.43	-0.25	0.59	0.58	0.41	0.76	0.58	0.63	0.62
Total Current Liabilities	0.98	0.76		0.39	0.91	-0.62	0.86	-0.02	0.74	0.66	0.84	0.56	0.81	1.0	0.7	0.84	0.83	-0.6	-0.71	0.84	0.96	0.76	0.95	0.46	0.93	0.24
Total Stockholder Equity	0.5	0.39	0.39		0.15	0.2	0.53	0.73	0.25	0.24	0.17	0.82	0.39	0.33	0.58	0.52	0.1	0.35	0.09	0.6	0.4	0.65	0.45	0.27	0.08	0.69
Other Liab	0.89	0.6	0.91	0.15		-0.79	0.71	-0.26	0.73	0.79	0.92	0.3	0.68	0.93	0.56	0.73	0.94	-0.72	-0.83	0.79	0.92	0.64	0.92	0.38	0.95	-0.06
Retained Earnings	-0.58	-0.12	-0.62	0.2	-0.79		-0.52	0.3	-0.32	-0.86	-0.86	0.06	-0.38	-0.64	-0.46	-0.64	-0.86	0.56	0.8	-0.49	-0.74	-0.51	-0.54	-0.23	-0.73	0.36
Accounts Payable	0.86	0.73	0.86	0.53	0.71	-0.52		0.34	0.57	0.66	0.7	0.75	0.86	0.84	0.72	0.83	0.65	-0.24	-0.5	0.78	0.86	0.78	0.79	0.54	0.71	0.54
Cash	0.03	0.12	-0.02	0.73	-0.26	0.3	0.34		0.03	0.03	-0.25	0.73	0.04	-0.09	0.42	0.27	-0.32	0.75	0.52	0.11	0.0	0.4	-0.08	0.43	-0.35	0.75
Other Assets	0.68	0.81	0.74	0.25	0.73	-0.32	0.57	0.03		0.37	0.42	0.56	0.55	0.74	0.4	0.48	0.46	-0.43	-0.33	0.53	0.6	0.41	0.73	0.77	0.68	0.36
Long Term Debt	0.7	0.18	0.66	0.24	0.79	-0.86	0.66	0.03	0.37		0.87	0.23	0.42	0.67	0.64	0.77	0.84	-0.27	-0.75	0.65	0.83	0.71	0.65	0.28	0.68	-0.11
Net Receivables	0.85	0.38	0.84	0.17	0.92	-0.86	0.7	-0.25	0.42	0.87		0.19	0.64	0.85	0.6	0.77	0.99	-0.65	-0.89	0.8	0.92	0.7	0.84	0.13	0.88	-0.17
Inventory	0.58	0.74	0.56	0.82	0.3	0.06	0.75	0.73	0.56	0.23	0.19		0.62	0.51	0.64	0.56	0.14	0.16	0.11	0.57	0.48	0.65	0.54	0.61	0.25	0.86
Other Current Assets	0.8	0.85	0.81	0.39	0.68	-0.38	0.86	0.04	0.55	0.42	0.64	0.62		0.8	0.42	0.59	0.59	-0.47	-0.5	0.75	0.75	0.55	0.83	0.37	0.72	0.49
Total Liab	0.98	0.74	1.0	0.33	0.93	-0.64	0.84	-0.09	0.74	0.67	0.85	0.51	0.8		0.67	0.83	0.84	-0.64	-0.74	0.83	0.96	0.73	0.94	0.44	0.95	0.2
Intangible Assets	0.72	0.39	0.7	0.58	0.56	-0.46	0.72	0.42	0.4	0.64	0.6	0.64	0.42	0.67		0.83	0.58	-0.12	-0.32	0.61	0.74	0.88	0.59	0.31	0.52	0.24
Common Stock	0.87	0.44	0.84	0.52	0.73	-0.64	0.83	0.27	0.48	0.77	0.77	0.56	0.59	0.83	0.83		0.74	-0.26	-0.6	0.82	0.91	0.9	0.74	0.45	0.72	0.25
Property Plant Equipment	0.84	0.37	0.83	0.1	0.94	-0.86	0.65	-0.32	0.46	0.84	0.99	0.14	0.59	0.84	0.58	0.74		-0.71	-0.9	0.77	0.9	0.65	0.83	0.12	0.89	-0.24
Net Tangible Assets	-0.53	-0.43	-0.6	0.35	-0.72	0.56	-0.24	0.75	-0.43	-0.27	-0.65	0.16	-0.47	-0.64	-0.12	-0.26	-0.71		0.69	-0.42	-0.52	-0.15	-0.61	0.04	-0.77	0.4
Deferred Long Term Liab	-0.71	-0.25	-0.71	0.09	-0.83	0.8	-0.5	0.52	-0.33	-0.75	-0.89	0.11	-0.5	-0.74	-0.32	-0.6	-0.9	0.69		-0.57	-0.78	-0.4	-0.69	0.0	-0.87	0.34
Short Long Term Debt	0.9	0.59	0.84	0.6	0.79	-0.49	0.78	0.11	0.53	0.65	0.8	0.57	0.75	0.83	0.61	0.82	0.77	-0.42	-0.57		0.87	0.83	0.91	0.33	0.71	0.29
Total Current Assets	0.97	0.58	0.96	0.4	0.92	-0.74	0.86	0.0	0.6	0.83	0.92	0.48	0.75	0.96	0.74	0.91	0.9	-0.52	-0.78	0.87		0.83	0.91	0.37	0.9	0.14
Short Term Debt	0.81	0.41	0.76	0.65	0.64	-0.51	0.78	0.4	0.41	0.71	0.7	0.65	0.55	0.73	0.88	0.9	0.65	-0.15	-0.4	0.83	0.83		0.71	0.34	0.57	0.29
Non Current Assets Total	0.96	0.76	0.95	0.45	0.92	-0.54	0.79	-0.08	0.73	0.65	0.84	0.54	0.83	0.94	0.59	0.74	0.83	-0.61	-0.69	0.91	0.91	0.71		0.36	0.88	0.22
Non Currrent Assets Other	0.4	0.58	0.46	0.27	0.38	-0.23	0.54	0.43	0.77	0.28	0.13	0.61	0.37	0.44	0.31	0.45	0.12	0.04	0.0	0.33	0.37	0.34	0.36		0.31	0.59
Non Current Liabilities Total	0.89	0.63	0.93	0.08	0.95	-0.73	0.71	-0.35	0.68	0.68	0.88	0.25	0.72	0.95	0.52	0.72	0.89	-0.77	-0.87	0.71	0.9	0.57	0.88	0.31		-0.05
Non Current Liabilities Other	0.26	0.62	0.24	0.69	-0.06	0.36	0.54	0.75	0.36	-0.11	-0.17	0.86	0.49	0.2	0.24	0.25	-0.24	0.4	0.34	0.29	0.14	0.29	0.22	0.59	-0.05

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Kangyue Technology Account Relationship Matchups

Kangyue Technology fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	1.5B	4.7B	4.2B	3.6B	3.4B	2.1B
Other Current Liab	33.2M	1.3B	913.5M	1.6M	1.7M	1.6M
Total Current Liabilities	744.0M	2.6B	2.1B	1.5B	1.9B	1.0B
Total Stockholder Equity	757.9M	776.7M	826.3M	800.7M	195.1M	185.4M
Other Liab	28.4M	27.2M	266.6M	163.6M	188.1M	197.5M
Retained Earnings	(388.9M)	(363.6M)	(314.5M)	(356.1M)	(961.7M)	(913.7M)
Accounts Payable	425.3M	530.3M	642.9M	199.6M	358.5M	265.1M
Cash	409.3M	139.4M	107.7M	17.5M	15.2M	14.4M
Other Assets	47.9M	51.4M	627.5M	84.6M	97.3M	95.8M
Net Receivables	444.2M	1.2B	1.6B	1.4B	1.6B	1.7B
Inventory	188.1M	251.6M	195.3M	59.5M	51.9M	49.3M
Other Current Assets	52.5M	129.2M	180.3M	57.2M	50.4M	60.2M
Total Liab	771.2M	3.2B	2.6B	1.9B	2.4B	1.2B
Intangible Assets	63.9M	72.9M	62.7M	41.7M	99.2M	51.7M
Property Plant Equipment	341.7M	313.8M	1.2B	1.3B	1.5B	1.6B
Net Tangible Assets	781.6M	694.0M	2.1M	61.9M	55.7M	52.9M
Deferred Long Term Liab	18.6M	19.3M	15.4M	13.3M	12.0M	14.4M
Short Long Term Debt	234.5M	452.7M	495.4M	538.5M	205.1M	321.6M
Total Current Assets	1.1B	2.1B	2.1B	1.7B	2.1B	1.4B
Non Current Assets Total	429.1M	2.6B	2.2B	1.8B	1.3B	1.5B
Non Currrent Assets Other	429.1M	559.1M	5.1M	1.7M	3.0M	2.9M
Non Current Liabilities Total	27.2M	606.6M	495.3M	368.9M	548.0M	301.3M
Non Current Liabilities Other	12.3M	12.0M	11.6M	4.1M	1.3M	1.3M
Other Stockholder Equity	2.3M	6.4M	(125.1K)	358.5K	412.2K	432.8K
Net Invested Capital	992.4M	1.6B	1.6B	1.7B	919.1M	1.1B
Net Working Capital	350.0M	(508.2M)	(51.0M)	196.6M	248.2M	260.6M

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

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Kangyue Non Current Assets Total vs Short Long Term Debt Analysis

Non Current Assets Total vs Short Long Term Debt

Non Current Assets Total vs Short Long Term Debt Correlation Analysis

Correlation Coefficient

Non Current Assets Total

Short Long Term Debt

Kangyue Technology fundamental ratios Correlations

Kangyue Technology Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Kangyue Technology fundamental ratios Accounts

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Total Liab	+ 1.0	Total Current Liabilities
Property Plant Equipment	+ 0.99	Net Receivables
Total Current Liabilities	+ 0.98	Total Assets
Total Liab	+ 0.98	Total Assets
Total Current Assets	+ 0.97	Total Assets
Non Current Assets Total	+ 0.96	Total Assets

Deferred Long Term Liab	- 0.9	Property Plant Equipment
Deferred Long Term Liab	- 0.89	Net Receivables
Non Current Liabilities Total	- 0.87	Deferred Long Term Liab
Property Plant Equipment	- 0.86	Retained Earnings
Net Receivables	- 0.86	Retained Earnings
Long Term Debt	- 0.86	Retained Earnings