Hainan Total Current Assets vs Other Current Liab Analysis

601969 Stock   6.85  0.06  0.87%   
Hainan Mining financial indicator trend analysis is much more than just examining Hainan Mining latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Hainan Mining is a good investment. Please check the relationship between Hainan Mining Total Current Assets and its Other Current Liab accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Hainan Mining Co. 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.

Total Current Assets vs Other Current Liab

Total Current Assets vs Other Current Liab Correlation Analysis

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

Correlation Coefficient

0.29
Relationship DirectionPositive 
Relationship StrengthVery Weak

Total Current Assets

The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.

Other Current Liab

Most indicators from Hainan Mining's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Hainan Mining 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 Hainan Mining Co. 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 Tax Provision is expected to grow to about 207.3 M, whereas Selling General Administrative is forecasted to decline to about 73.8 M.
 2021 2022 2023 2024 (projected)
Other Operating Expenses129.7M86.8M99.8M84.0M
Gross Profit2.0B1.4B1.5B884.8M

Hainan Mining fundamental ratios Correlations

0.340.960.910.66-0.42-0.130.880.50.26-0.830.62-0.14-0.050.980.530.90.910.79-0.520.410.890.840.580.890.74
0.340.270.220.21-0.15-0.220.37-0.230.5-0.350.250.260.110.32-0.37-0.020.280.07-0.330.450.290.180.590.350.19
0.960.270.860.64-0.54-0.030.820.510.22-0.840.65-0.150.10.970.530.920.930.75-0.470.320.880.730.490.810.78
0.910.220.860.43-0.1-0.150.870.580.0-0.580.39-0.090.030.810.630.890.710.88-0.340.230.870.690.380.660.67
0.660.210.640.43-0.540.070.540.280.29-0.650.51-0.01-0.40.740.340.540.810.59-0.440.230.610.680.460.810.59
-0.42-0.15-0.54-0.1-0.54-0.15-0.180.11-0.570.77-0.710.06-0.36-0.550.03-0.43-0.710.010.41-0.17-0.27-0.27-0.3-0.54-0.44
-0.13-0.22-0.03-0.150.07-0.15-0.250.2-0.270.030.020.460.16-0.060.0-0.04-0.06-0.090.27-0.17-0.11-0.19-0.08-0.18-0.08
0.880.370.820.870.54-0.18-0.250.380.18-0.640.5-0.32-0.090.830.390.740.70.84-0.510.160.940.610.40.720.82
0.5-0.230.510.580.280.110.20.38-0.49-0.220.0-0.08-0.260.460.630.610.360.650.160.050.510.560.350.330.37
0.260.50.220.00.29-0.57-0.270.18-0.49-0.450.650.010.20.32-0.40.030.38-0.17-0.270.320.130.180.480.470.1
-0.83-0.35-0.84-0.58-0.650.770.03-0.64-0.22-0.45-0.730.19-0.15-0.88-0.2-0.74-0.9-0.40.7-0.48-0.68-0.68-0.56-0.87-0.69
0.620.250.650.390.51-0.710.020.50.00.65-0.73-0.030.110.69-0.060.50.680.24-0.470.040.610.380.460.710.65
-0.140.26-0.15-0.09-0.010.060.46-0.32-0.080.010.19-0.030.05-0.18-0.08-0.15-0.09-0.190.360.03-0.26-0.080.15-0.12-0.35
-0.050.110.10.03-0.4-0.360.16-0.09-0.260.2-0.150.110.05-0.06-0.220.070.03-0.270.04-0.06-0.1-0.39-0.15-0.230.02
0.980.320.970.810.74-0.55-0.060.830.460.32-0.880.69-0.18-0.060.480.870.940.74-0.540.410.880.810.570.910.76
0.53-0.370.530.630.340.030.00.390.63-0.4-0.2-0.06-0.08-0.220.480.740.460.690.030.130.370.63-0.020.30.2
0.9-0.020.920.890.54-0.43-0.040.740.610.03-0.740.5-0.150.070.870.740.850.77-0.360.220.770.760.340.730.68
0.910.280.930.710.81-0.71-0.060.70.360.38-0.90.68-0.090.030.940.460.850.64-0.520.360.760.770.540.890.72
0.790.070.750.880.590.01-0.090.840.65-0.17-0.40.24-0.19-0.270.740.690.770.64-0.240.040.860.630.230.580.69
-0.52-0.33-0.47-0.34-0.440.410.27-0.510.16-0.270.7-0.470.360.04-0.540.03-0.36-0.52-0.24-0.38-0.51-0.37-0.11-0.61-0.59
0.410.450.320.230.23-0.17-0.170.160.050.32-0.480.040.03-0.060.410.130.220.360.04-0.380.080.60.520.48-0.13
0.890.290.880.870.61-0.27-0.110.940.510.13-0.680.61-0.26-0.10.880.370.770.760.86-0.510.080.60.420.760.91
0.840.180.730.690.68-0.27-0.190.610.560.18-0.680.38-0.08-0.390.810.630.760.770.63-0.370.60.60.670.860.39
0.580.590.490.380.46-0.3-0.080.40.350.48-0.560.460.15-0.150.57-0.020.340.540.23-0.110.520.420.670.680.24
0.890.350.810.660.81-0.54-0.180.720.330.47-0.870.71-0.12-0.230.910.30.730.890.58-0.610.480.760.860.680.66
0.740.190.780.670.59-0.44-0.080.820.370.1-0.690.65-0.350.020.760.20.680.720.69-0.59-0.130.910.390.240.66
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Hainan Mining Account Relationship Matchups

Hainan Mining fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets8.6B8.5B10.9B11.9B12.2B8.4B
Other Current Liab620.0M753.6M784.1M1.2B244.7M232.5M
Total Current Liabilities2.3B2.5B2.9B3.3B3.6B2.2B
Total Stockholder Equity3.9B4.0B5.6B6.3B6.7B4.9B
Other Liab678.4M544.0M757.9M667.3M767.4M480.6M
Retained Earnings(1.2B)(1.0B)(139.0M)475.3M384.2M403.4M
Accounts Payable188.1M78.2M65.8M127.6M121.8M128.1M
Cash1.3B2.0B3.3B3.7B3.2B2.1B
Other Assets259.9M180.3M129.3M741.9M853.2M895.8M
Long Term Debt697.3M417.6M553.9M435.9M218M207.1M
Net Receivables389.7M194.4M260.3M403.5M494.1M531.6M
Short Term Investments450.1M259.4M412.0M237.3M118.9M237.5M
Inventory509.2M223.8M322.7M409.1M296.5M308.4M
Other Current Assets155.3M212.2M110.3M140.4M33.0M31.4M
Total Liab3.5B3.5B4.3B4.6B4.8B3.1B
Intangible Assets634.2M607.4M580.5M648.4M1.5B766.5M
Property Plant Equipment4.5B4.1B4.6B4.5B5.2B3.2B
Net Tangible Assets3.3B3.4B5.0B5.7B6.5B4.6B
Other Stockholder Equity40.3M(69.9M)(84.7M)10.7M9.6M10.1M
Total Current Assets2.8B3.4B5.5B5.9B5.1B4.4B
Non Current Assets Total5.9B5.1B5.4B6.0B7.1B5.5B
Non Currrent Assets Other829.0M542.4M473.6M968.6M451.0M595.1M
Non Current Liabilities Total1.2B961.6M1.4B1.2B1.1B1.0B
Short Long Term Debt879.4M1.2B1.4B1.3B1.2B1.3B
Net Invested Capital5.3B5.6B7.5B8.1B8.1B7.4B
Net Working Capital447.1M920.3M2.6B2.6B1.4B1.8B

Currently Active Assets on Macroaxis

Other Information on Investing in Hainan Stock

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