Hengerda Total Stockholder Equity vs Long Term Debt Analysis

300946 Stock   29.93  0.27  0.89%   
Hengerda New financial indicator trend analysis is much more than just examining Hengerda New Materials latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Hengerda New Materials is a good investment. Please check the relationship between Hengerda New Total Stockholder Equity and its Long Term Debt accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Hengerda New Materials. 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.

Total Stockholder Equity vs Long Term Debt

Total Stockholder Equity vs Long Term Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Hengerda New Materials Total Stockholder Equity account and Long Term Debt. At this time, the significance of the direction appears to have strong relationship.
The correlation between Hengerda New's Total Stockholder Equity and Long Term Debt is 0.64. Overlapping area represents the amount of variation of Total Stockholder Equity that can explain the historical movement of Long Term Debt in the same time period over historical financial statements of Hengerda New Materials, assuming nothing else is changed. The correlation between historical values of Hengerda New's Total Stockholder Equity and 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 Total Stockholder Equity of Hengerda New Materials are associated (or correlated) with its Long Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Long Term Debt has no effect on the direction of Total Stockholder Equity i.e., Hengerda New's Total Stockholder Equity and Long Term Debt go up and down completely randomly.

Correlation Coefficient

0.64
Relationship DirectionPositive 
Relationship StrengthSignificant

Total Stockholder Equity

The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.

Long Term Debt

Long-term debt is a debt that Hengerda New Materials has held for over one year. Long-term debt appears on Hengerda New Materials 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 Hengerda New Materials 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.
Most indicators from Hengerda New's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Hengerda New Materials 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 Hengerda New Materials. 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.
As of December 11, 2024, Tax Provision is expected to decline to about 8.6 M. In addition to that, Selling General Administrative is expected to decline to about 17 M
 2021 2022 2023 2024 (projected)
Interest Expense80.6K330.4K499.4K474.4K
Interest Income2.0M747.9K507.3K859.0K

Hengerda New fundamental ratios Correlations

-0.440.870.990.990.970.860.950.870.990.990.740.960.340.851.0-0.330.950.930.880.860.9-0.570.91-0.840.71
-0.44-0.27-0.47-0.53-0.39-0.23-0.33-0.54-0.43-0.35-0.02-0.25-0.5-0.21-0.450.44-0.51-0.24-0.53-0.81-0.17-0.02-0.180.11-0.01
0.87-0.270.810.880.970.770.940.510.870.90.870.930.071.00.850.180.710.880.570.70.94-0.690.94-0.850.94
0.99-0.470.810.980.940.840.920.910.990.980.690.940.390.791.0-0.420.970.90.920.870.86-0.540.87-0.810.64
0.99-0.530.880.980.960.880.960.840.990.960.740.950.270.850.98-0.280.910.930.830.910.9-0.580.91-0.850.71
0.97-0.390.970.940.960.830.970.720.960.980.820.970.240.950.96-0.080.860.920.760.820.94-0.640.95-0.860.85
0.86-0.230.770.840.880.830.930.690.90.830.750.91-0.160.780.86-0.140.690.970.60.70.93-0.560.93-0.920.67
0.95-0.330.940.920.960.970.930.70.960.950.820.990.040.930.94-0.060.80.990.690.780.99-0.60.99-0.910.82
0.87-0.540.510.910.840.720.690.70.860.830.410.730.560.470.89-0.750.950.710.980.810.61-0.330.62-0.60.29
0.99-0.430.870.990.990.960.90.960.860.980.760.970.260.850.99-0.310.920.950.850.860.92-0.590.93-0.880.72
0.99-0.350.90.980.960.980.830.950.830.980.780.980.330.880.99-0.260.930.930.860.80.92-0.610.92-0.850.77
0.74-0.020.870.690.740.820.750.820.410.760.780.83-0.090.870.720.230.580.780.450.570.87-0.940.87-0.940.94
0.96-0.250.930.940.950.970.910.990.730.970.980.830.110.920.96-0.110.840.980.740.740.98-0.640.98-0.920.83
0.34-0.50.070.390.270.24-0.160.040.560.260.33-0.090.110.010.35-0.660.6-0.020.680.41-0.070.02-0.050.13-0.09
0.85-0.211.00.790.850.950.780.930.470.850.880.870.920.010.820.230.670.880.520.650.95-0.670.95-0.850.95
1.0-0.450.851.00.980.960.860.940.890.990.990.720.960.350.82-0.360.950.920.890.860.89-0.560.9-0.830.68
-0.330.440.18-0.42-0.28-0.08-0.14-0.06-0.75-0.31-0.260.23-0.11-0.660.23-0.36-0.56-0.11-0.7-0.40.05-0.180.04-0.020.39
0.95-0.510.710.970.910.860.690.80.950.920.930.580.840.60.670.95-0.560.770.980.850.72-0.480.73-0.680.52
0.93-0.240.880.90.930.920.970.990.710.950.930.780.98-0.020.880.92-0.110.770.670.710.98-0.550.98-0.910.76
0.88-0.530.570.920.830.760.60.690.980.850.860.450.740.680.520.89-0.70.980.670.810.6-0.380.61-0.570.37
0.86-0.810.70.870.910.820.70.780.810.860.80.570.740.410.650.86-0.40.850.710.810.68-0.480.68-0.660.5
0.9-0.170.940.860.90.940.930.990.610.920.920.870.98-0.070.950.890.050.720.980.60.68-0.661.0-0.940.88
-0.57-0.02-0.69-0.54-0.58-0.64-0.56-0.6-0.33-0.59-0.61-0.94-0.640.02-0.67-0.56-0.18-0.48-0.55-0.38-0.48-0.66-0.670.83-0.82
0.91-0.180.940.870.910.950.930.990.620.930.920.870.98-0.050.950.90.040.730.980.610.681.0-0.67-0.940.88
-0.840.11-0.85-0.81-0.85-0.86-0.92-0.91-0.6-0.88-0.85-0.94-0.920.13-0.85-0.83-0.02-0.68-0.91-0.57-0.66-0.940.83-0.94-0.84
0.71-0.010.940.640.710.850.670.820.290.720.770.940.83-0.090.950.680.390.520.760.370.50.88-0.820.88-0.84
Click cells to compare fundamentals

Hengerda New Account Relationship Matchups

Also Currently Popular

Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.

Other Information on Investing in Hengerda Stock

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