Zhejiang Other Non Cash Items vs Free Cash Flow Analysis

301092 Stock

24.32 0.51 2.05%

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 Other Non Cash Items and its Free Cash Flow 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.

Other Non Cash Items vs Free Cash Flow

Other Non Cash Items vs Free Cash Flow Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Zhejiang Zhengguang Other Non Cash Items account and Free Cash Flow. At this time, the significance of the direction appears to have totally related.

The correlation between Zhejiang Zhengguang's Other Non Cash Items and Free Cash Flow is 0.99. Overlapping area represents the amount of variation of Other Non Cash Items that can explain the historical movement of Free Cash Flow 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 Other Non Cash Items and Free Cash Flow is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Non Cash Items of Zhejiang Zhengguang Industrial are associated (or correlated) with its Free Cash Flow. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Free Cash Flow has no effect on the direction of Other Non Cash Items i.e., Zhejiang Zhengguang's Other Non Cash Items and Free Cash Flow go up and down completely randomly.

Correlation Coefficient

0.99

Relationship Direction	Positive
Relationship Strength	Very Strong

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Other Non Cash Items

Free Cash Flow

The amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.

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 29.8 M.

	2022	2023	2024	2025 (projected)
Interest Expense	200.6K	486.8K	438.2K	416.3K
Interest Income	5.2M	18.5M	21.3M	22.4M

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	0.23	1.0	-0.44	0.97	0.74	0.99	0.75	0.8	0.78	0.99	0.74	0.95	0.87	0.45	1.0	-0.85	0.99	0.99	0.99	0.84	0.85	0.99	-0.94	0.87
Other Current Liab	-0.89		0.06	-0.9	0.5	-0.91	-0.72	-0.9	-0.7	-0.75	-0.7	-0.87	-0.75	-0.85	-0.85	-0.2	-0.89	0.99	-0.9	-0.87	-0.91	-0.8	-0.69	-0.9	0.87	-0.71
Total Current Liabilities	0.23	0.06		0.19	-0.26	0.31	0.52	0.1	0.56	0.52	0.65	0.24	0.47	0.37	0.28	0.96	0.2	0.02	0.13	0.24	0.09	0.46	0.66	0.15	-0.28	0.64
Total Stockholder Equity	1.0	-0.9	0.19		-0.43	0.97	0.73	0.99	0.73	0.79	0.76	0.98	0.72	0.94	0.87	0.41	1.0	-0.86	1.0	0.98	0.99	0.83	0.82	0.99	-0.93	0.84
Net Debt	-0.44	0.5	-0.26	-0.43		-0.46	-0.81	-0.41	-0.81	-0.78	-0.54	-0.55	-0.78	-0.64	-0.75	-0.34	-0.43	0.53	-0.43	-0.55	-0.42	-0.75	-0.47	-0.48	0.71	-0.5
Retained Earnings	0.97	-0.91	0.31	0.97	-0.46		0.81	0.94	0.81	0.85	0.88	0.95	0.82	0.95	0.88	0.54	0.97	-0.9	0.95	0.95	0.94	0.88	0.91	0.95	-0.92	0.92
Accounts Payable	0.74	-0.72	0.52	0.73	-0.81	0.81		0.68	0.99	0.97	0.86	0.78	0.99	0.87	0.94	0.68	0.73	-0.76	0.69	0.78	0.68	0.94	0.87	0.72	-0.9	0.88
Cash	0.99	-0.9	0.1	0.99	-0.41	0.94	0.68		0.68	0.74	0.69	0.98	0.67	0.91	0.85	0.32	0.99	-0.85	1.0	0.98	1.0	0.79	0.76	0.99	-0.92	0.79
Non Current Assets Total	0.75	-0.7	0.56	0.73	-0.81	0.81	0.99	0.68		0.99	0.88	0.78	0.98	0.87	0.92	0.71	0.74	-0.73	0.7	0.78	0.68	0.97	0.88	0.74	-0.9	0.89
Non Currrent Assets Other	0.8	-0.75	0.52	0.79	-0.78	0.85	0.97	0.74	0.99		0.9	0.82	0.96	0.89	0.91	0.68	0.79	-0.76	0.76	0.82	0.74	0.99	0.88	0.8	-0.92	0.89
Net Receivables	0.78	-0.7	0.65	0.76	-0.54	0.88	0.86	0.69	0.88	0.9		0.78	0.86	0.87	0.77	0.81	0.76	-0.72	0.72	0.78	0.69	0.9	0.95	0.73	-0.79	0.95
Common Stock Shares Outstanding	0.99	-0.87	0.24	0.98	-0.55	0.95	0.78	0.98	0.78	0.82	0.78		0.76	0.97	0.9	0.44	0.99	-0.84	0.98	1.0	0.98	0.85	0.83	0.98	-0.96	0.85
Non Current Liabilities Total	0.74	-0.75	0.47	0.72	-0.78	0.82	0.99	0.67	0.98	0.96	0.86	0.76		0.86	0.94	0.66	0.72	-0.8	0.69	0.76	0.67	0.93	0.87	0.71	-0.88	0.88
Inventory	0.95	-0.85	0.37	0.94	-0.64	0.95	0.87	0.91	0.87	0.89	0.87	0.97	0.86		0.93	0.58	0.94	-0.85	0.92	0.97	0.91	0.9	0.9	0.92	-0.96	0.92
Other Current Assets	0.87	-0.85	0.28	0.87	-0.75	0.88	0.94	0.85	0.92	0.91	0.77	0.9	0.94	0.93		0.5	0.87	-0.87	0.85	0.9	0.84	0.9	0.83	0.86	-0.97	0.85
Total Liab	0.45	-0.2	0.96	0.41	-0.34	0.54	0.68	0.32	0.71	0.68	0.81	0.44	0.66	0.58	0.5		0.42	-0.24	0.35	0.44	0.31	0.62	0.84	0.36	-0.48	0.82
Net Invested Capital	1.0	-0.89	0.2	1.0	-0.43	0.97	0.73	0.99	0.74	0.79	0.76	0.99	0.72	0.94	0.87	0.42		-0.85	1.0	0.99	0.99	0.83	0.83	0.99	-0.94	0.85
Short Long Term Debt	-0.85	0.99	0.02	-0.86	0.53	-0.9	-0.76	-0.85	-0.73	-0.76	-0.72	-0.84	-0.8	-0.85	-0.87	-0.24	-0.85		-0.86	-0.84	-0.86	-0.8	-0.71	-0.85	0.86	-0.73
Total Current Assets	0.99	-0.9	0.13	1.0	-0.43	0.95	0.69	1.0	0.7	0.76	0.72	0.98	0.69	0.92	0.85	0.35	1.0	-0.86		0.98	1.0	0.8	0.78	1.0	-0.93	0.81
Capital Stock	0.99	-0.87	0.24	0.98	-0.55	0.95	0.78	0.98	0.78	0.82	0.78	1.0	0.76	0.97	0.9	0.44	0.99	-0.84	0.98		0.98	0.85	0.83	0.98	-0.96	0.85
Net Working Capital	0.99	-0.91	0.09	0.99	-0.42	0.94	0.68	1.0	0.68	0.74	0.69	0.98	0.67	0.91	0.84	0.31	0.99	-0.86	1.0	0.98		0.79	0.76	0.99	-0.92	0.78
Intangible Assets	0.84	-0.8	0.46	0.83	-0.75	0.88	0.94	0.79	0.97	0.99	0.9	0.85	0.93	0.9	0.9	0.62	0.83	-0.8	0.8	0.85	0.79		0.87	0.84	-0.93	0.88
Property Plant And Equipment Net	0.85	-0.69	0.66	0.82	-0.47	0.91	0.87	0.76	0.88	0.88	0.95	0.83	0.87	0.9	0.83	0.84	0.83	-0.71	0.78	0.83	0.76	0.87		0.78	-0.84	1.0
Short Term Investments	0.99	-0.9	0.15	0.99	-0.48	0.95	0.72	0.99	0.74	0.8	0.73	0.98	0.71	0.92	0.86	0.36	0.99	-0.85	1.0	0.98	0.99	0.84	0.78		-0.94	0.81
Capital Lease Obligations	-0.94	0.87	-0.28	-0.93	0.71	-0.92	-0.9	-0.92	-0.9	-0.92	-0.79	-0.96	-0.88	-0.96	-0.97	-0.48	-0.94	0.86	-0.93	-0.96	-0.92	-0.93	-0.84	-0.94		-0.86
Property Plant And Equipment Gross	0.87	-0.71	0.64	0.84	-0.5	0.92	0.88	0.79	0.89	0.89	0.95	0.85	0.88	0.92	0.85	0.82	0.85	-0.73	0.81	0.85	0.78	0.88	1.0	0.81	-0.86

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Zhejiang Zhengguang Account Relationship Matchups

Zhejiang Zhengguang fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	492.9M	1.6B	1.8B	2.0B	2.3B	1.4B
Other Current Liab	2.1M	2.3M	549.8K	961.9K	865.7K	822.5K
Total Current Liabilities	111.3M	99.4M	131.4M	186.6M	214.6M	150.8M
Total Stockholder Equity	370.6M	1.5B	1.7B	1.8B	2.1B	1.3B
Retained Earnings	223.9M	297.5M	434.0M	526.8M	605.8M	349.9M
Accounts Payable	55.5M	46.1M	54.3M	131.0M	150.7M	158.2M
Cash	85.4M	818.8M	819.0M	797.5M	917.2M	560.4M
Non Current Assets Total	173.5M	153.6M	254.4M	483.3M	555.8M	583.6M
Non Currrent Assets Other	165K	143K	506.7K	849.8K	977.3K	1.0M
Net Receivables	76.9M	63.9M	86.2M	95.4M	109.8M	86.7M
Non Current Liabilities Total	11.0M	896.1K	3.6M	33.4M	38.4M	40.4M
Inventory	101.6M	113.0M	113.3M	118.5M	136.3M	119.9M
Other Current Assets	4.5M	11.0M	5.6M	16.6M	19.1M	20.1M
Total Liab	122.3M	100.3M	135.0M	220.1M	253.1M	161.6M
Net Invested Capital	379.1M	1.6B	1.7B	1.9B	2.1B	1.3B
Short Long Term Debt	8.5M	19.3M	12.4M	5.1M	4.6M	4.4M
Total Current Assets	319.4M	1.5B	1.6B	1.6B	1.8B	1.1B
Net Working Capital	208.1M	1.4B	1.5B	1.4B	1.6B	988.3M
Intangible Assets	9.7M	9.5M	39.6M	50.9M	58.6M	61.5M

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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 Other Non Cash Items vs Free Cash Flow Analysis

Other Non Cash Items vs Free Cash Flow

Other Non Cash Items vs Free Cash Flow Correlation Analysis

Correlation Coefficient

Other Non Cash Items

Free Cash Flow

Zhejiang Zhengguang fundamental ratios Correlations

Zhejiang Zhengguang Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Zhejiang Zhengguang fundamental ratios Accounts

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Other Information on Investing in Zhejiang Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

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

Capital Lease Obligations	- 0.97	Other Current Assets
Capital Lease Obligations	- 0.96	Capital Stock
Capital Lease Obligations	- 0.96	Inventory
Capital Lease Obligations	- 0.96	Common Stock Shares Outstanding
Capital Lease Obligations	- 0.94	Short Term Investments
Capital Lease Obligations	- 0.94	Net Invested Capital