Zhejiang Net Debt vs Capital Stock Analysis

301092 Stock

24.96 0.46 1.88%

Zhejiang Zhengguang financial indicator trend analysis is more than just analyzing Zhejiang Zhengguang current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Zhejiang Zhengguang is a good investment. Please check the relationship between Zhejiang Zhengguang Net Debt and its Capital Stock accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Zhejiang Zhengguang Industrial. 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.

Net Debt vs Capital Stock

Net Debt vs Capital Stock Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Zhejiang Zhengguang Net Debt account and Capital Stock. At this time, the significance of the direction appears to have strong contrarian relationship.

The correlation between Zhejiang Zhengguang's Net Debt and Capital Stock is -0.6. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Capital Stock in the same time period over historical financial statements of Zhejiang Zhengguang Industrial, assuming nothing else is changed. The correlation between historical values of Zhejiang Zhengguang's Net Debt and Capital Stock is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Debt of Zhejiang Zhengguang Industrial are associated (or correlated) with its Capital Stock. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capital Stock has no effect on the direction of Net Debt i.e., Zhejiang Zhengguang's Net Debt and Capital Stock go up and down completely randomly.

Correlation Coefficient

-0.6

Relationship Direction	Negative
Relationship Strength	Weak

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Net Debt

The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.

Capital Stock

The total amount of a company's capital funded by shareholders through the issue and subscription of shares.

Most indicators from Zhejiang Zhengguang's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Zhejiang Zhengguang 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 Zhejiang Zhengguang Industrial. 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 23.8 M, whereas Selling General Administrative is forecasted to decline to about 27.4 M.

	2021	2022	2023	2024 (projected)
Interest Expense	313.3K	200.6K	486.8K	462.5K
Interest Income	3.4M	5.2M	18.5M	19.4M

Interest Expense Interest Income

Zhejiang Zhengguang fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Total Liab	Net Invested Capital	Short Long Term Debt	Total Current Assets	Capital Stock	Net Working Capital	Intangible Assets	Property Plant And Equipment Net	Short Term Investments	Capital Lease Obligations	Property Plant And Equipment Gross
Total Assets		-0.89	-0.17	1.0	-0.53	0.96	0.69	0.99	0.71	0.75	0.67	0.98	0.64	0.95	0.9	0.09	1.0	-0.84	0.99	0.98	0.99	0.84	0.78	0.99	-0.91	0.81
Other Current Liab	-0.89		0.39	-0.89	0.57	-0.93	-0.63	-0.88	-0.58	-0.71	-0.69	-0.88	-0.72	-0.91	-0.83	0.09	-0.89	0.99	-0.89	-0.88	-0.89	-0.73	-0.66	-0.88	0.85	-0.7
Total Current Liabilities	-0.17	0.39		-0.21	-0.24	-0.1	0.38	-0.28	0.49	0.31	0.35	-0.23	0.21	-0.15	-0.09	0.94	-0.19	0.37	-0.26	-0.23	-0.29	0.27	0.39	-0.2	0.07	0.35
Total Stockholder Equity	1.0	-0.89	-0.21		-0.51	0.96	0.67	1.0	0.68	0.73	0.65	0.98	0.62	0.95	0.9	0.05	1.0	-0.84	1.0	0.98	1.0	0.83	0.75	0.99	-0.91	0.79
Net Debt	-0.53	0.57	-0.24	-0.51		-0.58	-0.65	-0.48	-0.62	-0.9	-0.69	-0.6	-0.92	-0.75	-0.6	-0.42	-0.52	0.61	-0.49	-0.6	-0.48	-0.56	-0.68	-0.55	0.82	-0.71
Retained Earnings	0.96	-0.93	-0.1	0.96	-0.58		0.8	0.93	0.8	0.82	0.81	0.92	0.75	0.94	0.91	0.2	0.96	-0.91	0.94	0.92	0.94	0.91	0.85	0.94	-0.89	0.88
Accounts Payable	0.69	-0.63	0.38	0.67	-0.65	0.8		0.6	0.97	0.82	0.85	0.62	0.86	0.71	0.84	0.67	0.67	-0.66	0.62	0.62	0.6	0.85	0.98	0.62	-0.69	0.97
Cash	0.99	-0.88	-0.28	1.0	-0.48	0.93	0.6		0.61	0.68	0.58	0.99	0.57	0.94	0.88	-0.03	0.99	-0.82	1.0	0.99	1.0	0.77	0.69	0.99	-0.9	0.73
Non Current Assets Total	0.71	-0.58	0.49	0.68	-0.62	0.8	0.97	0.61		0.86	0.9	0.62	0.81	0.7	0.78	0.74	0.68	-0.59	0.63	0.62	0.61	0.92	0.99	0.65	-0.69	0.98
Non Currrent Assets Other	0.75	-0.71	0.31	0.73	-0.9	0.82	0.82	0.68	0.86		0.91	0.75	0.93	0.86	0.73	0.53	0.73	-0.72	0.7	0.75	0.68	0.87	0.89	0.75	-0.89	0.91
Net Receivables	0.67	-0.69	0.35	0.65	-0.69	0.81	0.85	0.58	0.9	0.91		0.61	0.84	0.71	0.64	0.6	0.65	-0.7	0.61	0.61	0.59	0.93	0.89	0.65	-0.7	0.9
Common Stock Shares Outstanding	0.98	-0.88	-0.23	0.98	-0.6	0.92	0.62	0.99	0.62	0.75	0.61		0.65	0.97	0.87	0.01	0.99	-0.83	0.99	1.0	0.99	0.77	0.71	0.99	-0.95	0.75
Non Current Liabilities Total	0.64	-0.72	0.21	0.62	-0.92	0.75	0.86	0.57	0.81	0.93	0.84	0.65		0.8	0.77	0.49	0.62	-0.77	0.59	0.65	0.57	0.72	0.85	0.62	-0.82	0.86
Inventory	0.95	-0.91	-0.15	0.95	-0.75	0.94	0.71	0.94	0.7	0.86	0.71	0.97	0.8		0.9	0.12	0.95	-0.89	0.94	0.97	0.94	0.8	0.79	0.96	-0.99	0.83
Other Current Assets	0.9	-0.83	-0.09	0.9	-0.6	0.91	0.84	0.88	0.78	0.73	0.64	0.87	0.77	0.9		0.23	0.9	-0.84	0.88	0.87	0.87	0.76	0.85	0.86	-0.86	0.87
Total Liab	0.09	0.09	0.94	0.05	-0.42	0.2	0.67	-0.03	0.74	0.53	0.6	0.01	0.49	0.12	0.23		0.06	0.05	-0.01	0.01	-0.04	0.51	0.66	0.03	-0.17	0.62
Net Invested Capital	1.0	-0.89	-0.19	1.0	-0.52	0.96	0.67	0.99	0.68	0.73	0.65	0.99	0.62	0.95	0.9	0.06		-0.83	1.0	0.99	0.99	0.83	0.76	0.99	-0.91	0.79
Short Long Term Debt	-0.84	0.99	0.37	-0.84	0.61	-0.91	-0.66	-0.82	-0.59	-0.72	-0.7	-0.83	-0.77	-0.89	-0.84	0.05	-0.83		-0.83	-0.83	-0.84	-0.7	-0.67	-0.82	0.83	-0.71
Total Current Assets	0.99	-0.89	-0.26	1.0	-0.49	0.94	0.62	1.0	0.63	0.7	0.61	0.99	0.59	0.94	0.88	-0.01	1.0	-0.83		0.99	1.0	0.79	0.71	0.99	-0.9	0.75
Capital Stock	0.98	-0.88	-0.23	0.98	-0.6	0.92	0.62	0.99	0.62	0.75	0.61	1.0	0.65	0.97	0.87	0.01	0.99	-0.83	0.99		0.99	0.77	0.71	0.99	-0.95	0.75
Net Working Capital	0.99	-0.89	-0.29	1.0	-0.48	0.94	0.6	1.0	0.61	0.68	0.59	0.99	0.57	0.94	0.87	-0.04	0.99	-0.84	1.0	0.99		0.78	0.69	0.99	-0.9	0.73
Intangible Assets	0.84	-0.73	0.27	0.83	-0.56	0.91	0.85	0.77	0.92	0.87	0.93	0.77	0.72	0.8	0.76	0.51	0.83	-0.7	0.79	0.77	0.78		0.93	0.82	-0.77	0.94
Property Plant And Equipment Net	0.78	-0.66	0.39	0.75	-0.68	0.85	0.98	0.69	0.99	0.89	0.89	0.71	0.85	0.79	0.85	0.66	0.76	-0.67	0.71	0.71	0.69	0.93		0.72	-0.77	1.0
Short Term Investments	0.99	-0.88	-0.2	0.99	-0.55	0.94	0.62	0.99	0.65	0.75	0.65	0.99	0.62	0.96	0.86	0.03	0.99	-0.82	0.99	0.99	0.99	0.82	0.72		-0.93	0.77
Capital Lease Obligations	-0.91	0.85	0.07	-0.91	0.82	-0.89	-0.69	-0.9	-0.69	-0.89	-0.7	-0.95	-0.82	-0.99	-0.86	-0.17	-0.91	0.83	-0.9	-0.95	-0.9	-0.77	-0.77	-0.93		-0.82
Property Plant And Equipment Gross	0.81	-0.7	0.35	0.79	-0.71	0.88	0.97	0.73	0.98	0.91	0.9	0.75	0.86	0.83	0.87	0.62	0.79	-0.71	0.75	0.75	0.73	0.94	1.0	0.77	-0.82

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PAYC	Paycom Soft

Other Information on Investing in Zhejiang Stock

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

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Zhejiang Net Debt vs Capital Stock Analysis

Net Debt vs Capital Stock

Net Debt vs Capital Stock Correlation Analysis

Correlation Coefficient

Net Debt

Capital Stock

Zhejiang Zhengguang fundamental ratios Correlations

Zhejiang Zhengguang Account Relationship Matchups

High Positive Relationship

High Negative Relationship

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COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Stockholder Equity	+ 1.0	Total Assets
Net Invested Capital	+ 1.0	Total Assets
Cash	+ 1.0	Total Stockholder Equity
Net Invested Capital	+ 1.0	Total Stockholder Equity
Total Current Assets	+ 1.0	Total Stockholder Equity
Net Working Capital	+ 1.0	Total Stockholder Equity

Capital Lease Obligations	- 0.99	Inventory
Capital Lease Obligations	- 0.95	Capital Stock
Capital Lease Obligations	- 0.95	Common Stock Shares Outstanding
Capital Lease Obligations	- 0.93	Short Term Investments
Retained Earnings	- 0.93	Other Current Liab
Non Current Liabilities Total	- 0.92	Net Debt