Dongfeng Long Term Debt vs Non Currrent Assets Other Analysis

600006 Stock   7.23  0.13  1.77%   
Dongfeng Automobile financial indicator trend analysis is much more than just examining Dongfeng Automobile latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Dongfeng Automobile is a good investment. Please check the relationship between Dongfeng Automobile Long Term Debt and its Non Currrent Assets Other accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Dongfeng Automobile 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 board of governors.

Long Term Debt vs Non Currrent Assets Other

Long Term Debt vs Non Currrent Assets Other Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Dongfeng Automobile Long Term Debt account and Non Currrent Assets Other. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Dongfeng Automobile's Long Term Debt and Non Currrent Assets Other is -0.23. Overlapping area represents the amount of variation of Long Term Debt that can explain the historical movement of Non Currrent Assets Other in the same time period over historical financial statements of Dongfeng Automobile Co, assuming nothing else is changed. The correlation between historical values of Dongfeng Automobile's Long Term Debt and Non Currrent Assets Other is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Long Term Debt of Dongfeng Automobile Co are associated (or correlated) with its Non Currrent Assets Other. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Currrent Assets Other has no effect on the direction of Long Term Debt i.e., Dongfeng Automobile's Long Term Debt and Non Currrent Assets Other go up and down completely randomly.

Correlation Coefficient

-0.23
Relationship DirectionNegative 
Relationship StrengthInsignificant

Long Term Debt

Long-term debt is a debt that Dongfeng Automobile has held for over one year. Long-term debt appears on Dongfeng Automobile Co 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 Dongfeng Automobile Co 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.

Non Currrent Assets Other

Assets that are not physical or tangible, expected to provide value for more than one year, and not easily converted into cash, such as long-term investments or patents.
Most indicators from Dongfeng Automobile's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Dongfeng Automobile 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 Dongfeng Automobile 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 board of governors.
The current year's Tax Provision is expected to grow to about 2.8 M, whereas Selling General Administrative is forecasted to decline to about 490 M.
 2021 2022 2023 2024 (projected)
Other Operating Expenses117.7M135.8M122.2M132.0M
Gross Profit1.6B1.1B514.4M488.7M

Dongfeng Automobile fundamental ratios Correlations

0.520.970.740.60.670.960.570.590.650.380.730.260.980.430.910.31-0.29-0.010.14-0.030.140.120.19-0.10.09
0.520.490.10.3-0.060.370.240.480.180.030.360.390.520.090.470.810.450.1-0.28-0.28-0.3-0.33-0.410.54-0.28
0.970.490.650.530.590.990.40.460.750.340.730.170.990.420.850.32-0.24-0.090.030.070.190.060.22-0.080.17
0.740.10.650.550.960.680.830.650.280.450.610.320.640.330.84-0.3-0.720.260.73-0.110.140.630.46-0.630.11
0.60.30.530.550.570.490.420.350.290.80.170.60.570.620.570.11-0.450.280.29-0.15-0.090.270.34-0.17-0.06
0.67-0.060.590.960.570.630.750.490.290.490.490.180.570.440.71-0.43-0.80.090.69-0.060.230.580.47-0.650.15
0.960.370.990.680.490.630.390.450.780.310.730.120.970.360.840.22-0.3-0.090.080.130.240.130.29-0.180.24
0.570.240.40.830.420.750.390.7-0.160.330.510.340.430.170.68-0.12-0.460.290.66-0.320.020.450.22-0.38-0.29
0.590.480.460.650.350.490.450.70.030.130.60.340.49-0.120.660.2-0.120.320.44-0.580.090.220.15-0.10.0
0.650.180.750.280.290.290.78-0.160.030.140.32-0.010.720.390.520.18-0.18-0.26-0.250.380.15-0.060.09-0.070.48
0.380.030.340.450.80.490.310.330.130.140.040.560.340.730.42-0.15-0.630.420.4-0.12-0.130.40.53-0.290.14
0.730.360.730.610.170.490.730.510.60.320.040.090.71-0.030.710.23-0.150.050.23-0.160.410.170.35-0.19-0.03
0.260.390.170.320.60.180.120.340.34-0.010.560.090.180.220.530.12-0.320.820.41-0.07-0.510.520.22-0.25-0.22
0.980.520.990.640.570.570.970.430.490.720.340.710.180.420.850.38-0.19-0.090.010.030.160.020.18-0.020.13
0.430.090.420.330.620.440.360.17-0.120.390.73-0.030.220.420.36-0.03-0.49-0.030.020.030.030.040.05-0.010.05
0.910.470.850.840.570.710.840.680.660.520.420.710.530.850.360.15-0.440.330.41-0.01-0.040.430.27-0.330.06
0.310.810.32-0.30.11-0.430.22-0.120.20.18-0.150.230.120.38-0.030.150.72-0.16-0.68-0.19-0.15-0.68-0.480.8-0.29
-0.290.45-0.24-0.72-0.45-0.8-0.3-0.46-0.12-0.18-0.63-0.15-0.32-0.19-0.49-0.440.72-0.31-0.75-0.13-0.12-0.76-0.640.85-0.23
-0.010.1-0.090.260.280.09-0.090.290.32-0.260.420.050.82-0.09-0.030.33-0.16-0.310.63-0.18-0.350.710.41-0.38-0.08
0.14-0.280.030.730.290.690.080.660.44-0.250.40.230.410.010.020.41-0.68-0.750.63-0.20.030.910.64-0.820.08
-0.03-0.280.07-0.11-0.15-0.060.13-0.32-0.580.38-0.12-0.16-0.070.030.03-0.01-0.19-0.13-0.18-0.2-0.30.15-0.07-0.240.12
0.14-0.30.190.14-0.090.230.240.020.090.15-0.130.41-0.510.160.03-0.04-0.15-0.12-0.350.03-0.3-0.110.27-0.060.02
0.12-0.330.060.630.270.580.130.450.22-0.060.40.170.520.020.040.43-0.68-0.760.710.910.15-0.110.66-0.880.14
0.19-0.410.220.460.340.470.290.220.150.090.530.350.220.180.050.27-0.48-0.640.410.64-0.070.270.66-0.720.39
-0.10.54-0.08-0.63-0.17-0.65-0.18-0.38-0.1-0.07-0.29-0.19-0.25-0.02-0.01-0.330.80.85-0.38-0.82-0.24-0.06-0.88-0.72-0.29
0.09-0.280.170.11-0.060.150.24-0.290.00.480.14-0.03-0.220.130.050.06-0.29-0.23-0.080.080.120.020.140.39-0.29
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Dongfeng Automobile Account Relationship Matchups

Dongfeng Automobile fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets18.8B20.2B19.9B17.7B19.2B16.5B
Other Current Liab972.4M945.6M1.1B1.6B1.9B1.4B
Total Current Liabilities10.6B11.3B10.7B8.3B9.7B8.8B
Total Stockholder Equity7.4B7.8B8.0B8.2B8.3B6.4B
Other Liab540.5M612.8M662.7M675.3M776.6M815.4M
Retained Earnings4.8B5.2B5.4B5.6B4.7B3.2B
Accounts Payable8.8B9.5B8.6B6.5B7.8B7.0B
Cash3.6B5.5B5.8B6.2B5.7B4.0B
Other Assets520.8M570.9M591.9M655.1M753.3M487.2M
Net Receivables8.0B4.7B3.6B3.7B3.7B4.9B
Short Term Investments776M200M802.7M500.1M1.0B1.1B
Inventory2.3B2.5B2.3B1.5B2.0B1.9B
Other Current Assets279.5M145.8M247.4M498.1M1.1B1.1B
Total Liab11.1B12.1B11.6B9.2B10.6B9.4B
Intangible Assets420.4M398.6M387.4M383.8M424.5M276.1M
Property Plant Equipment2.0B2.2B2.1B1.9B2.2B3.0B
Net Tangible Assets7.0B7.4B7.6B7.8B9.0B7.4B
Other Stockholder Equity16.6M16.7M15.9M14.3M12.9M22.0M
Deferred Long Term Liab13.5M14.2M4.6M1.0M1.2M1.1M
Total Current Assets14.4B15.4B15.2B13.3B14.6B15.8B
Non Current Assets Total4.4B4.8B4.7B4.4B4.6B3.8B
Non Currrent Assets Other3.2K(648.7K)(760.3K)83.3M94.4M89.7M
Non Current Liabilities Total540.5M791.1M845.8M854.8M845.1M639.4M
Non Current Liabilities Other237.0M299.1M361.9M380.2M394.4M310.0M
Net Invested Capital7.4B7.8B8.0B8.2B8.3B8.4B
Net Working Capital3.9B4.1B4.4B5.0B4.9B4.6B

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Other Information on Investing in Dongfeng Stock

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