Ningbo Long Term Debt vs Total Current Liabilities Analysis

601609 Stock

5.98 0.09 1.53%

Ningbo Jintian financial indicator trend analysis is infinitely more than just investigating Ningbo Jintian Copper recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Ningbo Jintian Copper is a good investment. Please check the relationship between Ningbo Jintian Long Term Debt and its Total Current Liabilities accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Ningbo Jintian Copper. 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 Total Current Liabilities

Long Term Debt vs Total Current Liabilities Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Ningbo Jintian Copper Long Term Debt account and Total Current Liabilities. At this time, the significance of the direction appears to have strong relationship.

The correlation between Ningbo Jintian's Long Term Debt and Total Current Liabilities is 0.68. Overlapping area represents the amount of variation of Long Term Debt that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of Ningbo Jintian Copper, assuming nothing else is changed. The correlation between historical values of Ningbo Jintian's Long Term Debt and Total Current Liabilities 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 Ningbo Jintian Copper are associated (or correlated) with its Total Current Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Liabilities has no effect on the direction of Long Term Debt i.e., Ningbo Jintian's Long Term Debt and Total Current Liabilities go up and down completely randomly.

Correlation Coefficient

0.68

Relationship Direction	Positive
Relationship Strength	Significant

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Long Term Debt

Long-term debt is a debt that Ningbo Jintian Copper has held for over one year. Long-term debt appears on Ningbo Jintian Copper 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 Ningbo Jintian Copper 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.

Total Current Liabilities

Total Current Liabilities is an item on Ningbo Jintian balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Ningbo Jintian Copper are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.

Most indicators from Ningbo Jintian's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Ningbo Jintian Copper 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 Ningbo Jintian Copper. 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 128.1 M, whereas Discontinued Operations is forecasted to decline to about 9.1 M.

	2021	2022	2023	2024 (projected)
Gross Profit	2.6B	2.0B	2.5B	2.0B
Total Revenue	81.2B	101.2B	110.5B	67.5B

Gross Profit Total Revenue

Ningbo Jintian fundamental ratios Correlations

	Other Current Liab	Total Current Liabilities	Other Liab	Net Tangible Assets	Retained Earnings	Accounts Payable	Other Assets	Net Receivables	Inventory	Other Current Assets	Other Stockholder Equity	Deferred Long Term Liab	Total Current Assets	Common Stock	Property Plant Equipment	Total Assets	Total Stockholder Equity	Cash	Non Current Assets Total	Non Currrent Assets Other	Long Term Debt	Short Term Investments	Non Current Liabilities Total	Total Liab	Short Long Term Debt	Non Current Liabilities Other
Other Current Liab		0.62	0.51	0.51	0.5	0.75	0.34	0.46	0.56	0.88	0.36	0.4	0.53	0.34	0.52	0.51	0.5	-0.15	0.54	0.35	0.14	0.34	0.16	0.5	-0.46	-0.4
Total Current Liabilities	0.62		0.91	0.92	0.95	0.94	0.73	0.91	0.97	0.73	0.91	0.88	0.96	0.8	0.91	0.92	0.91	-0.64	0.93	0.43	0.68	0.79	0.7	0.89	-0.11	-0.8
Other Liab	0.51	0.91		0.99	0.99	0.91	0.82	0.94	0.97	0.61	0.89	0.93	0.95	0.92	0.98	0.95	0.98	-0.74	0.98	0.53	0.71	0.81	0.73	0.9	-0.17	-0.78
Net Tangible Assets	0.51	0.92	0.99		0.98	0.91	0.77	0.96	0.97	0.64	0.91	0.92	0.97	0.95	0.99	0.97	0.99	-0.76	0.99	0.46	0.76	0.84	0.78	0.93	-0.18	-0.76
Retained Earnings	0.5	0.95	0.99	0.98		0.92	0.85	0.93	0.98	0.63	0.93	0.96	0.95	0.88	0.96	0.94	0.98	-0.74	0.98	0.56	0.72	0.8	0.75	0.89	-0.19	-0.84
Accounts Payable	0.75	0.94	0.91	0.91	0.92		0.71	0.88	0.95	0.79	0.87	0.87	0.91	0.78	0.92	0.92	0.92	-0.66	0.95	0.47	0.65	0.74	0.68	0.89	-0.24	-0.74
Other Assets	0.34	0.73	0.82	0.77	0.85	0.71		0.64	0.74	0.48	0.7	0.88	0.67	0.61	0.71	0.63	0.76	-0.51	0.77	0.88	0.42	0.53	0.45	0.52	-0.48	-0.93
Net Receivables	0.46	0.91	0.94	0.96	0.93	0.88	0.64		0.96	0.54	0.91	0.85	0.98	0.93	0.97	0.98	0.95	-0.8	0.95	0.28	0.82	0.76	0.84	0.97	-0.01	-0.69
Inventory	0.56	0.97	0.97	0.97	0.98	0.95	0.74	0.96		0.65	0.93	0.91	0.98	0.89	0.97	0.97	0.97	-0.72	0.98	0.41	0.75	0.83	0.77	0.95	-0.08	-0.77
Other Current Assets	0.88	0.73	0.61	0.64	0.63	0.79	0.48	0.54	0.65		0.49	0.51	0.63	0.47	0.61	0.6	0.63	-0.18	0.63	0.43	0.22	0.58	0.24	0.56	-0.51	-0.6
Other Stockholder Equity	0.36	0.91	0.89	0.91	0.93	0.87	0.7	0.91	0.93	0.49		0.94	0.93	0.87	0.89	0.93	0.94	-0.86	0.93	0.32	0.9	0.79	0.91	0.9	-0.02	-0.73
Deferred Long Term Liab	0.4	0.88	0.93	0.92	0.96	0.87	0.88	0.85	0.91	0.51	0.94		0.88	0.84	0.89	0.87	0.94	-0.81	0.94	0.58	0.77	0.75	0.79	0.8	-0.22	-0.81
Total Current Assets	0.53	0.96	0.95	0.97	0.95	0.91	0.67	0.98	0.98	0.63	0.93	0.88		0.92	0.96	0.98	0.96	-0.75	0.96	0.31	0.8	0.83	0.81	0.97	-0.05	-0.72
Common Stock	0.34	0.8	0.92	0.95	0.88	0.78	0.61	0.93	0.89	0.47	0.87	0.84	0.92		0.94	0.95	0.95	-0.83	0.92	0.23	0.85	0.84	0.86	0.93	-0.04	-0.58
Property Plant Equipment	0.52	0.91	0.98	0.99	0.96	0.92	0.71	0.97	0.97	0.61	0.89	0.89	0.96	0.94		0.98	0.98	-0.78	0.99	0.39	0.76	0.82	0.78	0.96	-0.09	-0.7
Total Assets	0.51	0.92	0.95	0.97	0.94	0.92	0.63	0.98	0.97	0.6	0.93	0.87	0.98	0.95	0.98		0.97	-0.81	0.97	0.26	0.84	0.84	0.85	0.99	-0.01	-0.65
Total Stockholder Equity	0.5	0.91	0.98	0.99	0.98	0.92	0.76	0.95	0.97	0.63	0.94	0.94	0.96	0.95	0.98	0.97		-0.8	0.99	0.44	0.8	0.85	0.82	0.93	-0.17	-0.75
Cash	-0.15	-0.64	-0.74	-0.76	-0.74	-0.66	-0.51	-0.8	-0.72	-0.18	-0.86	-0.81	-0.75	-0.83	-0.78	-0.81	-0.8		-0.8	-0.12	-0.94	-0.56	-0.95	-0.79	-0.04	0.42
Non Current Assets Total	0.54	0.93	0.98	0.99	0.98	0.95	0.77	0.95	0.98	0.63	0.93	0.94	0.96	0.92	0.99	0.97	0.99	-0.8		0.46	0.78	0.82	0.8	0.94	-0.15	-0.75
Non Currrent Assets Other	0.35	0.43	0.53	0.46	0.56	0.47	0.88	0.28	0.41	0.43	0.32	0.58	0.31	0.23	0.39	0.26	0.44	-0.12	0.46		-0.03	0.2	0.01	0.14	-0.68	-0.79
Long Term Debt	0.14	0.68	0.71	0.76	0.72	0.65	0.42	0.82	0.75	0.22	0.9	0.77	0.8	0.85	0.76	0.84	0.8	-0.94	0.78	-0.03		0.65	1.0	0.84	0.14	-0.42
Short Term Investments	0.34	0.79	0.81	0.84	0.8	0.74	0.53	0.76	0.83	0.58	0.79	0.75	0.83	0.84	0.82	0.84	0.85	-0.56	0.82	0.2	0.65		0.67	0.82	0.1	-0.54
Non Current Liabilities Total	0.16	0.7	0.73	0.78	0.75	0.68	0.45	0.84	0.77	0.24	0.91	0.79	0.81	0.86	0.78	0.85	0.82	-0.95	0.8	0.01	1.0	0.67		0.85	0.13	-0.44
Total Liab	0.5	0.89	0.9	0.93	0.89	0.89	0.52	0.97	0.95	0.56	0.9	0.8	0.97	0.93	0.96	0.99	0.93	-0.79	0.94	0.14	0.84	0.82	0.85		0.09	-0.57
Short Long Term Debt	-0.46	-0.11	-0.17	-0.18	-0.19	-0.24	-0.48	-0.01	-0.08	-0.51	-0.02	-0.22	-0.05	-0.04	-0.09	-0.01	-0.17	-0.04	-0.15	-0.68	0.14	0.1	0.13	0.09		0.45
Non Current Liabilities Other	-0.4	-0.8	-0.78	-0.76	-0.84	-0.74	-0.93	-0.69	-0.77	-0.6	-0.73	-0.81	-0.72	-0.58	-0.7	-0.65	-0.75	0.42	-0.75	-0.79	-0.42	-0.54	-0.44	-0.57	0.45

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Ningbo Jintian Account Relationship Matchups

Ningbo Jintian fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Other Current Liab	271.8M	465.9M	639.8M	1.0B	141.0M	134.0M
Total Current Liabilities	4.9B	4.4B	8.6B	8.1B	7.2B	5.8B
Other Liab	380.4M	424.3M	527.9M	582.4M	669.7M	425.6M
Net Tangible Assets	4.4B	6.2B	6.9B	7.0B	8.1B	5.3B
Retained Earnings	2.8B	3.1B	3.7B	3.7B	4.0B	3.0B
Accounts Payable	1.6B	1.8B	3.0B	3.7B	2.2B	1.9B
Other Assets	375.6M	383.6M	456.4M	307.6M	353.7M	307.2M
Net Receivables	2.4B	2.6B	4.2B	5.2B	6.3B	3.4B
Inventory	2.6B	2.9B	5.0B	4.9B	5.2B	3.4B
Other Current Assets	416.5M	1.0B	1.6B	1.6B	375.9M	357.1M
Other Stockholder Equity	269.8M	320.8M	344.4M	582.6M	670.0M	703.5M
Deferred Long Term Liab	25.4M	32.9M	46.7M	45.0M	51.7M	54.3M
Total Current Assets	6.5B	8.2B	13.1B	13.5B	15.1B	9.7B
Property Plant Equipment	3.0B	3.9B	5.2B	5.6B	6.5B	3.3B
Total Assets	10.4B	13.1B	19.1B	20.0B	21.8B	15.1B
Total Stockholder Equity	4.8B	6.7B	7.5B	7.6B	8.3B	6.4B
Cash	1.1B	924.7M	1.1B	685.0M	388.3M	368.9M
Non Current Assets Total	3.9B	4.9B	6.0B	6.5B	6.8B	4.7B
Non Currrent Assets Other	248.6M	298.2M	122.8M	150.2M	87.6M	83.3M
Long Term Debt	106M	1.3B	2.3B	3.5B	5.5B	5.7B
Short Term Investments	2.1M	205.9M	525.5M	128.3M	336.4M	191.3M
Non Current Liabilities Total	530.3M	1.8B	2.9B	4.1B	6.1B	6.4B
Total Liab	5.4B	6.2B	11.5B	12.2B	13.3B	8.6B
Short Long Term Debt	2.7B	1.7B	2.9B	2.1B	3.0B	2.7B
Intangible Assets	443.8M	484.3M	549.7M	537.6M	527.8M	455.9M
Net Debt	1.7B	2.1B	4.1B	4.9B	8.1B	8.5B
Net Invested Capital	7.6B	9.7B	12.8B	13.2B	16.7B	11.4B
Net Working Capital	1.6B	3.8B	4.5B	5.4B	7.8B	4.3B

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

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Ningbo Long Term Debt vs Total Current Liabilities Analysis

Long Term Debt vs Total Current Liabilities

Long Term Debt vs Total Current Liabilities Correlation Analysis

Correlation Coefficient

Long Term Debt

Total Current Liabilities

Ningbo Jintian fundamental ratios Correlations

Ningbo Jintian Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Ningbo Jintian fundamental ratios Accounts

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Other Information on Investing in Ningbo Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Liabilities Total	+ 1.0	Long Term Debt
Net Tangible Assets	+ 0.99	Other Liab
Retained Earnings	+ 0.99	Other Liab
Property Plant Equipment	+ 0.99	Net Tangible Assets
Total Stockholder Equity	+ 0.99	Net Tangible Assets
Non Current Assets Total	+ 0.99	Net Tangible Assets

Non Current Liabilities Total	- 0.95	Cash
Long Term Debt	- 0.94	Cash
Non Current Liabilities Other	- 0.93	Other Assets
Cash	- 0.86	Other Stockholder Equity
Non Current Liabilities Other	- 0.84	Retained Earnings
Cash	- 0.83	Common Stock