Ping Net Debt vs Retained Earnings Analysis

601318 Stock

53.05 0.48 0.91%

Ping An financial indicator trend analysis is much more than just breaking down Ping An Insurance prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Ping An Insurance is a good investment. Please check the relationship between Ping An Net Debt and its Retained Earnings accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Ping An Insurance. 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.

Net Debt vs Retained Earnings

Net Debt vs Retained Earnings Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Ping An Insurance Net Debt account and Retained Earnings. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Ping An's Net Debt and Retained Earnings is 0.97. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Retained Earnings in the same time period over historical financial statements of Ping An Insurance, assuming nothing else is changed. The correlation between historical values of Ping An's Net Debt and Retained Earnings 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 Ping An Insurance are associated (or correlated) with its Retained Earnings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Retained Earnings has no effect on the direction of Net Debt i.e., Ping An's Net Debt and Retained Earnings go up and down completely randomly.

Correlation Coefficient

0.97

Relationship Direction	Positive
Relationship Strength	Very Strong

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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.

Retained Earnings

The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.

Most indicators from Ping An's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Ping An Insurance 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 Ping An Insurance. 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 Selling General Administrative is expected to grow to about 117.3 B. The current year's Tax Provision is expected to grow to about 17.5 B

	2023	2024 (projected)
Gross Profit	512.0B	366.1B
Total Revenue	802.1B	986.6B

Gross Profit Total Revenue

Ping An fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Retained Earnings	Accounts Payable	Cash	Other Assets	Long Term Debt	Net Receivables	Good Will	Short Term Investments	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Long Term Investments	Short Long Term Debt	Total Current Assets	Short Term Debt	Intangible Assets	Common Stock	Property Plant Equipment	Net Debt
Total Assets		0.97	0.94	1.0	0.98	0.99	0.98	0.15	0.86	0.99	0.98	0.2	0.9	-0.27	0.95	-0.46	-0.65	1.0	0.69	0.88	0.99	0.91	-0.4	-0.41	0.98	0.92
Other Current Liab	0.97		0.96	0.96	0.97	0.96	0.93	0.09	0.9	0.97	0.95	0.15	0.91	-0.16	0.95	-0.35	-0.65	0.97	0.7	0.85	0.97	0.89	-0.27	-0.41	0.95	0.87
Total Current Liabilities	0.94	0.96		0.93	0.92	0.93	0.9	0.2	0.94	0.94	0.93	0.17	0.9	-0.07	0.93	-0.33	-0.64	0.94	0.58	0.89	0.92	0.94	-0.3	-0.41	0.91	0.81
Total Stockholder Equity	1.0	0.96	0.93		0.97	1.0	0.99	0.18	0.84	0.98	0.99	0.23	0.87	-0.29	0.95	-0.49	-0.65	1.0	0.65	0.89	0.99	0.91	-0.45	-0.39	0.98	0.94
Other Liab	0.98	0.97	0.92	0.97		0.98	0.94	0.05	0.83	0.99	0.94	0.14	0.93	-0.27	0.94	-0.44	-0.63	0.98	0.76	0.8	0.99	0.87	-0.3	-0.41	0.97	0.87
Net Tangible Assets	0.99	0.96	0.93	1.0	0.98		0.98	0.17	0.83	0.99	0.98	0.22	0.87	-0.31	0.95	-0.49	-0.66	0.99	0.66	0.87	0.99	0.91	-0.43	-0.37	0.98	0.93
Retained Earnings	0.98	0.93	0.9	0.99	0.94	0.98		0.29	0.82	0.95	0.99	0.27	0.82	-0.31	0.92	-0.47	-0.66	0.98	0.6	0.91	0.96	0.91	-0.48	-0.31	0.96	0.97
Accounts Payable	0.15	0.09	0.2	0.18	0.05	0.17	0.29		0.17	0.13	0.26	0.25	0.02	0.01	0.11	0.12	-0.28	0.15	-0.21	0.41	0.12	0.34	-0.06	0.61	0.09	0.23
Cash	0.86	0.9	0.94	0.84	0.83	0.83	0.82	0.17		0.84	0.86	0.33	0.86	0.18	0.9	-0.13	-0.46	0.86	0.51	0.89	0.81	0.92	-0.17	-0.39	0.84	0.7
Other Assets	0.99	0.97	0.94	0.98	0.99	0.99	0.95	0.13	0.84		0.96	0.12	0.92	-0.29	0.94	-0.46	-0.69	0.99	0.74	0.82	1.0	0.88	-0.33	-0.39	0.97	0.89
Long Term Debt	0.98	0.95	0.93	0.99	0.94	0.98	0.99	0.26	0.86	0.96		0.32	0.82	-0.23	0.94	-0.45	-0.63	0.98	0.59	0.93	0.96	0.94	-0.48	-0.35	0.97	0.96
Net Receivables	0.2	0.15	0.17	0.23	0.14	0.22	0.27	0.25	0.33	0.12	0.32		-0.02	0.44	0.34	0.23	0.39	0.19	-0.24	0.51	0.13	0.48	-0.25	0.19	0.33	0.27
Good Will	0.9	0.91	0.9	0.87	0.93	0.87	0.82	0.02	0.86	0.92	0.82	-0.02		-0.12	0.85	-0.3	-0.57	0.9	0.76	0.72	0.9	0.79	-0.08	-0.44	0.86	0.68
Short Term Investments	-0.27	-0.16	-0.07	-0.29	-0.27	-0.31	-0.31	0.01	0.18	-0.29	-0.23	0.44	-0.12		-0.16	0.86	0.65	-0.26	-0.22	0.0	-0.34	0.01	0.51	0.2	-0.23	-0.43
Inventory	0.95	0.95	0.93	0.95	0.94	0.95	0.92	0.11	0.9	0.94	0.94	0.34	0.85	-0.16		-0.39	-0.58	0.95	0.56	0.88	0.94	0.94	-0.33	-0.36	0.97	0.87
Other Current Assets	-0.46	-0.35	-0.33	-0.49	-0.44	-0.49	-0.47	0.12	-0.13	-0.46	-0.45	0.23	-0.3	0.86	-0.39		0.64	-0.46	-0.2	-0.28	-0.49	-0.27	0.77	0.57	-0.46	-0.59
Other Stockholder Equity	-0.65	-0.65	-0.64	-0.65	-0.63	-0.66	-0.66	-0.28	-0.46	-0.69	-0.63	0.39	-0.57	0.65	-0.58	0.64		-0.65	-0.47	-0.47	-0.69	-0.49	0.33	0.27	-0.55	-0.69
Total Liab	1.0	0.97	0.94	1.0	0.98	0.99	0.98	0.15	0.86	0.99	0.98	0.19	0.9	-0.26	0.95	-0.46	-0.65		0.69	0.88	0.99	0.91	-0.4	-0.41	0.98	0.92
Long Term Investments	0.69	0.7	0.58	0.65	0.76	0.66	0.6	-0.21	0.51	0.74	0.59	-0.24	0.76	-0.22	0.56	-0.2	-0.47	0.69		0.32	0.72	0.42	0.11	-0.36	0.62	0.53
Short Long Term Debt	0.88	0.85	0.89	0.89	0.8	0.87	0.91	0.41	0.89	0.82	0.93	0.51	0.72	0.0	0.88	-0.28	-0.47	0.88	0.32		0.82	0.97	-0.48	-0.26	0.88	0.85
Total Current Assets	0.99	0.97	0.92	0.99	0.99	0.99	0.96	0.12	0.81	1.0	0.96	0.13	0.9	-0.34	0.94	-0.49	-0.69	0.99	0.72	0.82		0.87	-0.36	-0.38	0.97	0.91
Short Term Debt	0.91	0.89	0.94	0.91	0.87	0.91	0.91	0.34	0.92	0.88	0.94	0.48	0.79	0.01	0.94	-0.27	-0.49	0.91	0.42	0.97	0.87		-0.37	-0.25	0.92	0.83
Intangible Assets	-0.4	-0.27	-0.3	-0.45	-0.3	-0.43	-0.48	-0.06	-0.17	-0.33	-0.48	-0.25	-0.08	0.51	-0.33	0.77	0.33	-0.4	0.11	-0.48	-0.36	-0.37		0.49	-0.42	-0.62
Common Stock	-0.41	-0.41	-0.41	-0.39	-0.41	-0.37	-0.31	0.61	-0.39	-0.39	-0.35	0.19	-0.44	0.2	-0.36	0.57	0.27	-0.41	-0.36	-0.26	-0.38	-0.25	0.49		-0.4	-0.35
Property Plant Equipment	0.98	0.95	0.91	0.98	0.97	0.98	0.96	0.09	0.84	0.97	0.97	0.33	0.86	-0.23	0.97	-0.46	-0.55	0.98	0.62	0.88	0.97	0.92	-0.42	-0.4		0.91
Net Debt	0.92	0.87	0.81	0.94	0.87	0.93	0.97	0.23	0.7	0.89	0.96	0.27	0.68	-0.43	0.87	-0.59	-0.69	0.92	0.53	0.85	0.91	0.83	-0.62	-0.35	0.91

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Ping An Account Relationship Matchups

Ping An fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	8.2T	9.5T	10.1T	11.1T	11.6T	9.1T
Other Current Liab	923.4B	1.3T	1.3T	1.4T	1.6T	1.1T
Total Current Liabilities	1.5T	2.1T	1.9T	2.2T	2.5T	1.9T
Total Stockholder Equity	673.2B	762.6B	812.4B	858.7B	899.0B	703.2B
Other Liab	4.8T	5.3T	5.8T	6.5T	7.5T	5.1T
Net Tangible Assets	609.8B	698.3B	743.9B	759.3B	873.2B	596.8B
Retained Earnings	518.1B	623.0B	683.1B	722.9B	621.7B	520.9B
Accounts Payable	162.1B	178.9B	192.9B	220.2B	8.9B	8.4B
Cash	529.5B	597.3B	630.5B	746.5B	797.9B	657.3B
Other Assets	2.5T	2.9T	3.4T	3.7T	4.3T	2.7T
Long Term Debt	1.1T	1.3T	1.5T	1.3T	1.4T	1.1T
Net Receivables	482.0B	354.3B	350.3B	223.0B	216.3B	250.4B
Good Will	20.9B	23.0B	23.2B	44.1B	44.1B	28.0B
Other Current Assets	348.0B	371.6B	379.1B	388.5B	349.7B	316.5B
Other Stockholder Equity	30.2B	15.7B	9.3B	10.4B	9.3B	17.3B
Total Liab	7.4T	8.5T	9.1T	10.0T	10.4T	8.2T
Long Term Investments	1.2T	1.5T	5.2T	5.7T	6.3T	3.3T
Short Long Term Debt	112.3B	134.8B	116.1B	121.9B	93.3B	100.3B
Total Current Assets	2.1T	2.5T	2.7T	3.0T	3.4T	2.1T
Intangible Assets	27.8B	27.5B	29.6B	33.5B	32.6B	25.1B
Property Plant Equipment	63.5B	62.5B	63.9B	66.2B	76.2B	58.3B
Net Debt	639.1B	810.5B	944.0B	718.5B	680.0B	691.0B
Net Invested Capital	1.8T	2.2T	2.4T	2.3T	2.4T	2.2T

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Other Information on Investing in Ping Stock

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

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Ping Net Debt vs Retained Earnings Analysis

Net Debt vs Retained Earnings

Net Debt vs Retained Earnings Correlation Analysis

Correlation Coefficient

Net Debt

Retained Earnings

Ping An fundamental ratios Correlations

Ping An Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Ping An fundamental ratios Accounts

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Other Information on Investing in Ping Stock

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Total Stockholder Equity	+ 1.0	Total Assets
Total Liab	+ 1.0	Total Assets
Net Tangible Assets	+ 1.0	Total Stockholder Equity
Total Liab	+ 1.0	Total Stockholder Equity
Total Current Assets	+ 1.0	Other Assets
Net Tangible Assets	+ 0.99	Total Assets

Net Debt	- 0.69	Other Stockholder Equity
Total Current Assets	- 0.69	Other Stockholder Equity
Other Stockholder Equity	- 0.69	Other Assets
Other Stockholder Equity	- 0.66	Retained Earnings
Other Stockholder Equity	- 0.66	Net Tangible Assets
Total Liab	- 0.65	Other Stockholder Equity