Ming Non Current Liabilities Other vs Deferred Long Term Liab Analysis

601615 Stock   12.52  0.23  1.80%   
Ming Yang financial indicator trend analysis is infinitely more than just investigating Ming Yang Smart recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Ming Yang Smart is a good investment. Please check the relationship between Ming Yang Non Current Liabilities Other and its Deferred Long Term Liab accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Ming Yang Smart. 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.

Non Current Liabilities Other vs Deferred Long Term Liab

Non Current Liabilities Other vs Deferred Long Term Liab Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Ming Yang Smart Non Current Liabilities Other account and Deferred Long Term Liab. At this time, the significance of the direction appears to have strong relationship.
The correlation between Ming Yang's Non Current Liabilities Other and Deferred Long Term Liab is 0.76. Overlapping area represents the amount of variation of Non Current Liabilities Other that can explain the historical movement of Deferred Long Term Liab in the same time period over historical financial statements of Ming Yang Smart, assuming nothing else is changed. The correlation between historical values of Ming Yang's Non Current Liabilities Other and Deferred Long Term Liab 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 Ming Yang Smart are associated (or correlated) with its Deferred Long Term Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Deferred Long Term Liab has no effect on the direction of Non Current Liabilities Other i.e., Ming Yang's Non Current Liabilities Other and Deferred Long Term Liab go up and down completely randomly.

Correlation Coefficient

0.76
Relationship DirectionPositive 
Relationship StrengthSignificant

Non Current Liabilities Other

Deferred Long Term Liab

Liabilities that are due after more than one year, including deferred tax liabilities and deferred revenue.
Most indicators from Ming Yang's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Ming Yang Smart 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 Ming Yang Smart. 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 (24.2 M). In addition to that, Selling General Administrative is expected to decline to about 1.4 B
 2021 2022 2023 2024 (projected)
Gross Profit5.8B6.1B3.1B3.6B
Total Revenue27.2B30.7B27.9B18.9B

Ming Yang fundamental ratios Correlations

0.090.980.980.940.940.930.980.880.980.910.920.810.670.240.940.950.830.130.990.93-0.820.990.77-0.510.97
0.090.24-0.020.230.05-0.110.110.5-0.08-0.14-0.07-0.11-0.570.040.00.290.350.580.170.09-0.420.250.330.29-0.09
0.980.240.940.930.930.890.980.920.930.880.90.730.580.160.890.980.880.160.990.91-0.841.00.82-0.480.9
0.98-0.020.940.920.920.940.960.810.980.930.910.750.720.210.90.920.750.020.950.9-0.810.950.74-0.460.96
0.940.230.930.920.890.840.930.90.910.820.820.70.460.390.870.960.750.140.940.9-0.880.940.75-0.360.87
0.940.050.930.920.890.980.930.850.910.970.980.720.570.220.870.920.790.040.930.98-0.850.940.78-0.680.88
0.93-0.110.890.940.840.980.910.770.930.990.990.740.680.210.870.870.75-0.030.910.96-0.790.90.75-0.680.9
0.980.110.980.960.930.930.910.840.960.910.920.720.650.180.880.970.860.00.970.91-0.820.970.84-0.470.91
0.880.50.920.810.90.850.770.840.790.730.760.680.280.270.820.910.830.470.910.87-0.880.940.72-0.40.79
0.98-0.080.930.980.910.910.930.960.790.910.90.840.770.280.950.90.770.030.960.91-0.740.940.71-0.530.98
0.91-0.140.880.930.820.970.990.910.730.910.990.670.690.120.820.870.71-0.130.880.93-0.780.880.73-0.680.87
0.92-0.070.90.910.820.980.990.920.760.90.990.70.650.160.840.880.78-0.080.90.95-0.780.90.79-0.710.87
0.81-0.110.730.750.70.720.740.720.680.840.670.70.690.530.950.620.710.320.830.79-0.440.760.47-0.620.89
0.67-0.570.580.720.460.570.680.650.280.770.690.650.69-0.040.690.480.43-0.240.630.52-0.20.560.31-0.50.78
0.240.040.160.210.390.220.210.180.270.280.120.160.53-0.040.450.150.250.20.260.38-0.240.20.24-0.170.28
0.940.00.890.90.870.870.870.880.820.950.820.840.950.690.450.820.790.250.950.91-0.670.910.63-0.60.97
0.950.290.980.920.960.920.870.970.910.90.870.880.620.480.150.820.820.090.950.9-0.910.980.82-0.410.85
0.830.350.880.750.750.790.750.860.830.770.710.780.710.430.250.790.820.270.870.79-0.690.870.89-0.410.73
0.130.580.160.020.140.04-0.030.00.470.03-0.13-0.080.32-0.240.20.250.090.270.190.12-0.110.22-0.050.050.14
0.990.170.990.950.940.930.910.970.910.960.880.90.830.630.260.950.950.870.190.93-0.810.990.78-0.530.95
0.930.090.910.90.90.980.960.910.870.910.930.950.790.520.380.910.90.790.120.93-0.850.930.76-0.70.89
-0.82-0.42-0.84-0.81-0.88-0.85-0.79-0.82-0.88-0.74-0.78-0.78-0.44-0.2-0.24-0.67-0.91-0.69-0.11-0.81-0.85-0.86-0.810.33-0.68
0.990.251.00.950.940.940.90.970.940.940.880.90.760.560.20.910.980.870.220.990.93-0.860.8-0.480.92
0.770.330.820.740.750.780.750.840.720.710.730.790.470.310.240.630.820.89-0.050.780.76-0.810.8-0.30.6
-0.510.29-0.48-0.46-0.36-0.68-0.68-0.47-0.4-0.53-0.68-0.71-0.62-0.5-0.17-0.6-0.41-0.410.05-0.53-0.70.33-0.48-0.3-0.58
0.97-0.090.90.960.870.880.90.910.790.980.870.870.890.780.280.970.850.730.140.950.89-0.680.920.6-0.58
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Ming Yang Account Relationship Matchups

Ming Yang fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets34.7B51.6B61.5B68.9B83.9B49.5B
Other Current Liab8.6B13.0B11.8B617.9M647.2M614.8M
Total Current Liabilities18.2B27.0B33.3B28.4B37.6B24.1B
Total Stockholder Equity6.7B14.8B18.4B28.1B27.4B14.8B
Other Liab1.7B2.0B5.1B4.8B5.5B3.2B
Net Tangible Assets3.5B5.6B13.6B17.4B20.0B21.0B
Retained Earnings1.3B3.0B5.9B8.2B7.8B8.2B
Accounts Payable7.5B13.1B19.4B17.2B22.5B13.4B
Cash10.8B16.3B14.1B11.2B13.0B10.3B
Non Current Assets Total12.1B18.5B23.9B33.5B40.5B21.3B
Non Currrent Assets Other330.2M5.0B9.5B13.1B13.1B13.7B
Other Assets3.0B3.4B5.9B10.5B12.0B12.6B
Long Term Debt7.7B4.4B4.7B6.6B11.5B6.4B
Net Receivables6.2B3.7B5.9B10.8B13.9B8.0B
Good Will129.2M118.4M79.1M69.3M68.6M66.2M
Non Current Liabilities Total9.4B9.5B9.7B12.2B17.9B10.2B
Inventory2.8B8.5B9.6B8.0B9.7B6.0B
Other Current Assets2.8B1.3B4.9B1.9B3.6B2.1B
Other Stockholder Equity42.1M434.1M263.5M43.5M50.0M47.5M
Total Liab27.6B36.5B43.0B40.6B55.4B34.3B
Deferred Long Term Liab171.7M164.6M378.4M439.5M505.4M530.7M
Short Long Term Debt1.4B149M98.5M259.5M863.5M688.1M
Total Current Assets22.6B33.1B37.6B35.5B43.4B28.3B
Non Current Liabilities Other753.9M1.0B3.9B1.9B1.7B1.5B
Intangible Assets1.1B1.3B1.2B1.8B2.3B1.4B
Property Plant Equipment6.2B7.1B10.8B11.3B13.0B7.8B
Common Stock Shares Outstanding1.4B1.9B2.0B2.3B2.3B1.9B
Net Invested Capital12.7B19.3B23.2B35.0B39.8B23.2B
Net Working Capital4.4B6.1B4.4B7.1B5.8B4.7B
Capital Stock1.4B1.9B2.0B2.3B2.3B2.0B

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Other Information on Investing in Ming Stock

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