Huaibei Non Current Liabilities Other vs Net Tangible Assets Analysis

600985 Stock   14.74  0.14  0.96%   
Huaibei Mining financial indicator trend analysis is much more than just examining Huaibei Mining Holdings latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Huaibei Mining Holdings is a good investment. Please check the relationship between Huaibei Mining Non Current Liabilities Other and its Net Tangible Assets accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Huaibei Mining Holdings. 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 Liabilities Other vs Net Tangible Assets

Non Current Liabilities Other vs Net Tangible Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Huaibei Mining Holdings Non Current Liabilities Other account and Net Tangible Assets. At this time, the significance of the direction appears to have very week relationship.
The correlation between Huaibei Mining's Non Current Liabilities Other and Net Tangible Assets is 0.29. Overlapping area represents the amount of variation of Non Current Liabilities Other that can explain the historical movement of Net Tangible Assets in the same time period over historical financial statements of Huaibei Mining Holdings, assuming nothing else is changed. The correlation between historical values of Huaibei Mining's Non Current Liabilities Other and Net Tangible Assets 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 Liabilities Other of Huaibei Mining Holdings are associated (or correlated) with its Net Tangible Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Tangible Assets has no effect on the direction of Non Current Liabilities Other i.e., Huaibei Mining's Non Current Liabilities Other and Net Tangible Assets go up and down completely randomly.

Correlation Coefficient

0.29
Relationship DirectionPositive 
Relationship StrengthVery Weak

Non Current Liabilities Other

Net Tangible Assets

The total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company.
Most indicators from Huaibei Mining's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Huaibei Mining Holdings 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 Huaibei Mining Holdings. 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 November 28, 2024, Tax Provision is expected to decline to about 656.7 M. In addition to that, Discontinued Operations is expected to decline to about (190.8 M)
 2021 2022 2023 2024 (projected)
Gross Profit12.9B16.1B14.0B10.2B
Total Revenue65.0B69.2B73.6B51.8B

Huaibei Mining fundamental ratios Correlations

0.16-0.160.980.540.960.960.520.941.00.750.410.94-0.52-0.290.990.64-0.49-0.810.990.780.60.930.10.970.99
0.160.340.12-0.360.140.11-0.410.290.15-0.08-0.280.31-0.260.460.180.040.35-0.230.170.090.470.180.00.050.1
-0.160.34-0.21-0.74-0.22-0.27-0.24-0.26-0.150.03-0.31-0.160.330.85-0.23-0.430.30.12-0.120.040.36-0.33-0.44-0.31-0.2
0.980.12-0.210.640.990.990.620.940.980.650.460.88-0.6-0.30.990.77-0.44-0.740.960.670.460.970.180.941.0
0.54-0.36-0.740.640.660.690.610.590.520.170.540.34-0.48-0.670.590.81-0.21-0.170.470.11-0.310.730.540.570.62
0.960.14-0.220.990.661.00.630.920.950.60.460.84-0.62-0.250.970.81-0.4-0.680.920.60.40.980.290.910.98
0.960.11-0.270.990.691.00.650.920.950.60.480.85-0.64-0.30.970.81-0.43-0.70.920.610.390.980.280.920.98
0.52-0.41-0.240.620.610.630.650.430.520.30.720.35-0.6-0.20.570.66-0.43-0.390.450.25-0.120.560.020.510.61
0.940.29-0.260.940.590.920.920.430.930.580.440.9-0.52-0.290.970.71-0.4-0.720.920.620.520.960.20.90.94
1.00.15-0.150.980.520.950.950.520.930.770.40.94-0.51-0.290.980.63-0.51-0.821.00.790.610.920.080.980.98
0.75-0.080.030.650.170.60.60.30.580.770.410.79-0.09-0.20.70.04-0.67-0.710.80.960.730.5-0.160.790.68
0.41-0.28-0.310.460.540.460.480.720.440.40.410.37-0.4-0.150.510.35-0.35-0.250.370.35-0.060.440.00.420.46
0.940.31-0.160.880.340.840.850.350.90.940.790.37-0.49-0.270.930.44-0.57-0.920.960.860.760.82-0.040.950.89
-0.52-0.260.33-0.6-0.48-0.62-0.64-0.6-0.52-0.51-0.09-0.4-0.490.24-0.59-0.680.020.53-0.46-0.250.01-0.640.0-0.51-0.55
-0.290.460.85-0.3-0.67-0.25-0.3-0.2-0.29-0.29-0.2-0.15-0.270.24-0.29-0.310.370.29-0.29-0.220.15-0.34-0.15-0.46-0.29
0.990.18-0.230.990.590.970.970.570.970.980.70.510.93-0.59-0.290.7-0.47-0.790.970.730.530.960.140.960.99
0.640.04-0.430.770.810.810.810.660.710.630.040.350.44-0.68-0.310.7-0.12-0.320.560.05-0.120.850.50.580.74
-0.490.350.3-0.44-0.21-0.4-0.43-0.43-0.4-0.51-0.67-0.35-0.570.020.37-0.47-0.120.66-0.52-0.57-0.48-0.310.05-0.61-0.47
-0.81-0.230.12-0.74-0.17-0.68-0.7-0.39-0.72-0.82-0.71-0.25-0.920.530.29-0.79-0.320.66-0.84-0.82-0.75-0.640.31-0.86-0.75
0.990.17-0.120.960.470.920.920.450.921.00.80.370.96-0.46-0.290.970.56-0.52-0.840.830.670.890.040.980.97
0.780.090.040.670.110.60.610.250.620.790.960.350.86-0.25-0.220.730.05-0.57-0.820.830.80.53-0.310.820.69
0.60.470.360.46-0.310.40.39-0.120.520.610.73-0.060.760.010.150.53-0.12-0.48-0.750.670.80.33-0.310.580.49
0.930.18-0.330.970.730.980.980.560.960.920.50.440.82-0.64-0.340.960.85-0.31-0.640.890.530.330.320.890.96
0.10.0-0.440.180.540.290.280.020.20.08-0.160.0-0.040.0-0.150.140.50.050.310.04-0.31-0.310.320.060.16
0.970.05-0.310.940.570.910.920.510.90.980.790.420.95-0.51-0.460.960.58-0.61-0.860.980.820.580.890.060.95
0.990.1-0.21.00.620.980.980.610.940.980.680.460.89-0.55-0.290.990.74-0.47-0.750.970.690.490.960.160.95
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Huaibei Mining Account Relationship Matchups

Huaibei Mining fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets62.3B67.0B73.5B84.0B87.0B60.1B
Other Current Liab7.5B9.0B10.9B12.3B365.0M346.7M
Total Current Liabilities27.6B28.8B28.4B26.9B27.3B22.5B
Total Stockholder Equity19.0B21.3B27.3B33.4B37.3B21.8B
Other Liab2.8B2.7B3.6B9.5B10.9B11.5B
Net Tangible Assets9.2B11.2B14.1B17.4B20.0B10.2B
Retained Earnings10.6B12.7B16.0B19.6B22.9B13.1B
Accounts Payable6.9B7.3B7.5B7.2B13.9B8.0B
Cash5.6B3.1B5.2B8.5B5.4B4.4B
Non Current Assets Total49.6B53.5B56.9B63.0B68.0B46.8B
Non Currrent Assets Other1.7B1.8B292.5M383.1M1.2B948.8M
Other Assets2.6B2.4B1.6B2.5B2.9B2.3B
Long Term Debt10.7B9.8B8.9B8.9B6.6B6.9B
Net Receivables5.0B1.6B1.8B1.6B2.1B2.8B
Non Current Liabilities Total13.5B12.7B13.2B19.1B18.1B11.7B
Inventory1.5B1.5B2.5B2.8B2.9B2.2B
Other Current Assets470.6M847.9M782.4M1.1B651.6M660.7M
Other Stockholder Equity535.5M589.2M416.6M1.1B1.0B841.6M
Total Liab40.1B41.5B41.7B46.0B45.4B35.0B
Deferred Long Term Liab24.7M30.4M15.1M14.8M17.0M18.9M
Short Long Term Debt7.8B5.9B5.5B2.0B116.3M110.5M
Total Current Assets13.2B13.5B16.5B21.0B19.0B15.7B
Non Current Liabilities Other2.8M(1.3B)722.2M3.7B3.5B2.1B
Intangible Assets10.2B9.9B12.9B15.7B18.2B10.6B
Common Stock2.1B2.2B2.2B2.5B2.2B2.8B
Property Plant Equipment34.8B36.3B39.5B40.6B46.7B40.9B
Net Debt12.6B12.5B9.2B2.4B1.3B1.2B
Common Stock Shares Outstanding2.1B2.2B2.2B2.5B2.5B2.2B
Net Invested Capital37.3B37.0B41.7B44.2B44.0B36.7B
Net Working Capital(14.0B)(15.3B)(11.9B)(5.9B)(8.4B)(8.8B)

Currently Active Assets on Macroaxis

Other Information on Investing in Huaibei Stock

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