Flat Net Receivables vs Long Term Debt Analysis

601865 Stock

25.50 0.75 3.03%

Flat Glass financial indicator trend analysis is much more than just examining Flat Glass Group latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Flat Glass Group is a good investment. Please check the relationship between Flat Glass Net Receivables and its Long Term Debt accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Flat Glass Group. 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.

Net Receivables vs Long Term Debt

Net Receivables vs Long Term Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Flat Glass Group Net Receivables account and Long Term Debt. At this time, the significance of the direction appears to have strong relationship.

The correlation between Flat Glass' Net Receivables and Long Term Debt is 0.71. Overlapping area represents the amount of variation of Net Receivables that can explain the historical movement of Long Term Debt in the same time period over historical financial statements of Flat Glass Group, assuming nothing else is changed. The correlation between historical values of Flat Glass' Net Receivables and Long Term Debt 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 Receivables of Flat Glass Group are associated (or correlated) with its Long Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Long Term Debt has no effect on the direction of Net Receivables i.e., Flat Glass' Net Receivables and Long Term Debt go up and down completely randomly.

Correlation Coefficient

0.71

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Net Receivables

Long Term Debt

Long-term debt is a debt that Flat Glass Group has held for over one year. Long-term debt appears on Flat Glass Group 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 Flat Glass Group 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.

Most indicators from Flat Glass' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Flat Glass Group 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 Flat Glass Group. 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.

The current year's Issuance Of Capital Stock is expected to grow to about 6.3 B, whereas Tax Provision is forecasted to decline to about 168.4 M.

	2021	2022	2023	2024 (projected)
Gross Profit	3.1B	3.4B	4.7B	2.5B
Total Revenue	8.7B	15.5B	21.5B	22.6B

Gross Profit Total Revenue

Flat Glass fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Other Assets	Long Term Debt	Net Receivables	Short Term Investments	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Short Long Term Debt	Total Current Assets	Intangible Assets	Common Stock	Property Plant Equipment	Net Debt	Common Stock Shares Outstanding
Total Assets		0.23	0.86	0.99	0.98	0.81	0.88	1.0	0.97	1.0	0.97	0.99	0.7	0.3	0.99	0.8	0.95	0.95	0.99	0.82	1.0	0.86	0.91	0.99	0.84	0.95
Other Current Liab	0.23		0.62	0.16	0.22	0.56	0.47	0.24	0.01	0.23	0.2	0.16	0.22	0.16	0.13	0.64	0.4	0.15	0.29	0.68	0.23	0.37	0.31	0.34	0.56	0.34
Total Current Liabilities	0.86	0.62		0.81	0.86	0.92	0.96	0.86	0.72	0.85	0.82	0.81	0.77	0.34	0.8	0.94	0.87	0.8	0.88	0.99	0.85	0.87	0.9	0.9	0.97	0.89
Total Stockholder Equity	0.99	0.16	0.81		0.96	0.81	0.87	0.99	0.99	0.99	0.95	0.97	0.66	0.33	0.97	0.78	0.95	0.92	0.97	0.78	1.0	0.84	0.91	0.98	0.79	0.95
Other Liab	0.98	0.22	0.86	0.96		0.74	0.84	0.98	0.93	0.98	0.98	0.98	0.77	0.24	0.98	0.76	0.88	0.98	0.99	0.82	0.97	0.85	0.86	0.96	0.88	0.9
Net Tangible Assets	0.81	0.56	0.92	0.81	0.74		0.97	0.81	0.74	0.8	0.73	0.73	0.57	0.43	0.72	0.96	0.91	0.67	0.8	0.91	0.82	0.82	0.94	0.86	0.83	0.92
Retained Earnings	0.88	0.47	0.96	0.87	0.84	0.97		0.88	0.81	0.88	0.83	0.84	0.71	0.41	0.83	0.92	0.91	0.79	0.89	0.93	0.89	0.91	0.97	0.92	0.91	0.95
Accounts Payable	1.0	0.24	0.86	0.99	0.98	0.81	0.88		0.96	1.0	0.97	0.98	0.73	0.32	0.98	0.8	0.94	0.94	0.99	0.83	1.0	0.86	0.91	0.99	0.85	0.95
Cash	0.97	0.01	0.72	0.99	0.93	0.74	0.81	0.96		0.97	0.94	0.96	0.6	0.28	0.96	0.69	0.91	0.91	0.94	0.68	0.97	0.79	0.88	0.94	0.71	0.91
Non Current Assets Total	1.0	0.23	0.85	0.99	0.98	0.8	0.88	1.0	0.97		0.98	0.99	0.71	0.28	0.99	0.79	0.94	0.96	1.0	0.82	1.0	0.86	0.9	0.99	0.85	0.94
Other Assets	0.97	0.2	0.82	0.95	0.98	0.73	0.83	0.97	0.94	0.98		0.99	0.68	0.14	0.99	0.74	0.89	0.99	0.98	0.78	0.96	0.83	0.84	0.95	0.86	0.87
Long Term Debt	0.99	0.16	0.81	0.97	0.98	0.73	0.84	0.98	0.96	0.99	0.99		0.71	0.2	1.0	0.72	0.89	0.98	0.99	0.76	0.98	0.84	0.86	0.96	0.84	0.89
Net Receivables	0.7	0.22	0.77	0.66	0.77	0.57	0.71	0.73	0.6	0.71	0.68	0.71		0.46	0.71	0.54	0.55	0.71	0.74	0.75	0.7	0.8	0.72	0.69	0.79	0.69
Short Term Investments	0.3	0.16	0.34	0.33	0.24	0.43	0.41	0.32	0.28	0.28	0.14	0.2	0.46		0.21	0.23	0.33	0.11	0.27	0.39	0.33	0.59	0.52	0.34	0.2	0.52
Non Current Liabilities Total	0.99	0.13	0.8	0.97	0.98	0.72	0.83	0.98	0.96	0.99	0.99	1.0	0.71	0.21		0.71	0.89	0.98	0.98	0.75	0.98	0.84	0.86	0.96	0.83	0.89
Inventory	0.8	0.64	0.94	0.78	0.76	0.96	0.92	0.8	0.69	0.79	0.74	0.72	0.54	0.23	0.71		0.9	0.68	0.81	0.94	0.8	0.72	0.85	0.86	0.86	0.86
Other Current Assets	0.95	0.4	0.87	0.95	0.88	0.91	0.91	0.94	0.91	0.94	0.89	0.89	0.55	0.33	0.89	0.9		0.83	0.93	0.85	0.95	0.82	0.92	0.97	0.8	0.96
Other Stockholder Equity	0.95	0.15	0.8	0.92	0.98	0.67	0.79	0.94	0.91	0.96	0.99	0.98	0.71	0.11	0.98	0.68	0.83		0.97	0.75	0.94	0.82	0.8	0.92	0.86	0.83
Total Liab	0.99	0.29	0.88	0.97	0.99	0.8	0.89	0.99	0.94	1.0	0.98	0.99	0.74	0.27	0.98	0.81	0.93	0.97		0.85	0.99	0.87	0.89	0.99	0.89	0.93
Short Long Term Debt	0.82	0.68	0.99	0.78	0.82	0.91	0.93	0.83	0.68	0.82	0.78	0.76	0.75	0.39	0.75	0.94	0.85	0.75	0.85		0.82	0.85	0.87	0.87	0.94	0.88
Total Current Assets	1.0	0.23	0.85	1.0	0.97	0.82	0.89	1.0	0.97	1.0	0.96	0.98	0.7	0.33	0.98	0.8	0.95	0.94	0.99	0.82		0.87	0.92	0.99	0.83	0.96
Intangible Assets	0.86	0.37	0.87	0.84	0.85	0.82	0.91	0.86	0.79	0.86	0.83	0.84	0.8	0.59	0.84	0.72	0.82	0.82	0.87	0.85	0.87		0.92	0.87	0.86	0.92
Common Stock	0.91	0.31	0.9	0.91	0.86	0.94	0.97	0.91	0.88	0.9	0.84	0.86	0.72	0.52	0.86	0.85	0.92	0.8	0.89	0.87	0.92	0.92		0.93	0.84	0.98
Property Plant Equipment	0.99	0.34	0.9	0.98	0.96	0.86	0.92	0.99	0.94	0.99	0.95	0.96	0.69	0.34	0.96	0.86	0.97	0.92	0.99	0.87	0.99	0.87	0.93		0.87	0.97
Net Debt	0.84	0.56	0.97	0.79	0.88	0.83	0.91	0.85	0.71	0.85	0.86	0.84	0.79	0.2	0.83	0.86	0.8	0.86	0.89	0.94	0.83	0.86	0.84	0.87		0.82
Common Stock Shares Outstanding	0.95	0.34	0.89	0.95	0.9	0.92	0.95	0.95	0.91	0.94	0.87	0.89	0.69	0.52	0.89	0.86	0.96	0.83	0.93	0.88	0.96	0.92	0.98	0.97	0.82

Click cells to compare fundamentals

Flat Glass Account Relationship Matchups

High Positive Relationship

Accounts Payable	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Total Assets
Total Current Assets	+ 1.0	Total Assets
Total Current Assets	+ 1.0	Total Stockholder Equity
Non Current Assets Total	+ 1.0	Accounts Payable
Total Current Assets	+ 1.0	Accounts Payable

High Negative Relationship

Not Found

Flat Glass fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	9.4B	12.3B	20.1B	32.4B	43.0B	45.1B
Other Current Liab	769.3M	921.4M	1.5B	2.4B	12.3M	11.7M
Total Current Liabilities	4.5B	3.3B	6.2B	10.5B	9.2B	5.4B
Total Stockholder Equity	4.5B	7.2B	11.8B	14.0B	22.2B	23.3B
Other Liab	132.4M	77.1M	129.7M	326.2M	375.1M	393.9M
Net Tangible Assets	4.1B	6.7B	11.1B	10.2B	11.8B	6.5B
Retained Earnings	3.2B	4.7B	6.5B	8.1B	10.0B	5.4B
Accounts Payable	1.6B	1.4B	2.4B	3.5B	4.5B	4.7B
Cash	613.0M	1.6B	2.8B	2.9B	6.6B	6.9B
Non Current Assets Total	4.9B	6.7B	11.2B	20.0B	26.1B	27.5B
Other Assets	316.0M	654.4M	896.8M	2.8B	3.3B	3.4B
Long Term Debt	281.9M	1.6B	2.0B	7.5B	10.4B	10.9B
Net Receivables	3.2B	1.4B	1.1B	2.8B	3.7B	2.3B
Non Current Liabilities Total	425.3M	1.7B	2.1B	7.8B	11.5B	12.1B
Inventory	483.6M	479.4M	2.3B	2.4B	2.0B	1.2B
Other Current Assets	142.6M	461.0M	986.0M	938.8M	1.1B	1.1B
Other Stockholder Equity	17.7M	37.4M	9.7M	562.7M	647.1M	679.4M
Total Liab	4.9B	5.0B	8.3B	18.3B	20.7B	21.7B
Short Long Term Debt	2.4B	1.5B	3.2B	5.3B	4.0B	2.4B
Total Current Assets	4.5B	5.6B	8.9B	12.4B	16.8B	17.7B
Intangible Assets	624.5M	703.4M	580.5M	729.5M	795.4M	688.0M
Common Stock	487.5M	510.3M	536.7M	536.7M	617.2M	537.6M
Property Plant Equipment	4.2B	5.4B	9.6B	13.3B	15.3B	16.1B
Net Debt	2.0B	1.5B	2.3B	9.9B	7.8B	3.9B
Common Stock Shares Outstanding	2.0B	2.0B	2.1B	2.1B	2.4B	2.2B
Net Invested Capital	7.2B	10.3B	17.0B	26.8B	36.6B	38.5B
Net Working Capital	(1.3M)	2.2B	2.7B	1.8B	7.6B	8.0B
Capital Stock	487.5M	510.3M	536.7M	536.7M	587.8M	570.0M

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Other Information on Investing in Flat Stock

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

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