Nantong Cash vs Other Liab Analysis

603115 Stock

13.41 0.10 0.75%

Nantong Haixing financial indicator trend analysis is infinitely more than just investigating Nantong Haixing Elec recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Nantong Haixing Elec is a good investment. Please check the relationship between Nantong Haixing Cash and its Other Liab accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Nantong Haixing Electronics. 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.

Cash vs Other Liab

Cash vs Other Liab Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Nantong Haixing Elec Cash account and Other Liab. At this time, the significance of the direction appears to have very strong relationship.

The correlation between Nantong Haixing's Cash and Other Liab is 0.87. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Other Liab in the same time period over historical financial statements of Nantong Haixing Electronics, assuming nothing else is changed. The correlation between historical values of Nantong Haixing's Cash and Other 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 Cash of Nantong Haixing Electronics are associated (or correlated) with its Other Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Liab has no effect on the direction of Cash i.e., Nantong Haixing's Cash and Other Liab go up and down completely randomly.

Correlation Coefficient

0.87

Relationship Direction	Positive
Relationship Strength	Strong

View All Relationships

Cash

Cash refers to the most liquid asset of Nantong Haixing Elec, which is listed under current asset account on Nantong Haixing Electronics balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Nantong Haixing customers. The amounts must be unrestricted with restricted cash listed in a different Nantong Haixing account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.

Other Liab

Most indicators from Nantong Haixing's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Nantong Haixing Elec 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 Nantong Haixing Electronics. 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 23.2 M, whereas Selling General Administrative is forecasted to decline to about 35.5 M.

	2022	2023	2024	2025 (projected)
Gross Profit	439.0M	365.9M	411.5M	360.7M
Total Revenue	1.8B	1.8B	1.9B	1.5B

Gross Profit Total Revenue

Nantong Haixing 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	Net Receivables	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	Long Term Debt	Common Stock Shares Outstanding	Net Invested Capital	Net Working Capital
Total Assets		-0.61	0.89	1.0	0.96	0.99	0.74	0.92	0.94	0.94	0.93	0.85	0.92	0.89	0.38	-0.87	0.92	-0.25	0.99	0.69	0.98	0.97	0.92	0.99	1.0	0.97
Other Current Liab	-0.61		-0.47	-0.62	-0.48	-0.58	-0.15	-0.58	-0.59	-0.68	-0.73	-0.58	-0.61	-0.78	-0.7	0.47	-0.51	0.23	-0.56	-0.64	-0.57	-0.5	-0.5	-0.62	-0.64	-0.58
Total Current Liabilities	0.89	-0.47		0.85	0.86	0.87	0.67	0.98	0.81	0.93	0.82	0.84	0.77	0.87	0.46	-0.81	1.0	-0.1	0.84	0.84	0.9	0.91	0.83	0.91	0.84	0.76
Total Stockholder Equity	1.0	-0.62	0.85		0.96	0.98	0.74	0.89	0.94	0.93	0.93	0.83	0.92	0.87	0.36	-0.87	0.88	-0.26	0.99	0.65	0.97	0.96	0.91	0.98	1.0	0.98
Other Liab	0.96	-0.48	0.86	0.96		0.97	0.67	0.91	0.87	0.92	0.84	0.77	0.91	0.85	0.3	-0.83	0.9	-0.39	0.95	0.64	0.98	0.98	0.91	0.96	0.95	0.93
Net Tangible Assets	0.99	-0.58	0.87	0.98	0.97		0.68	0.91	0.92	0.94	0.88	0.82	0.9	0.89	0.32	-0.83	0.9	-0.27	0.97	0.7	0.99	0.97	0.87	0.96	0.98	0.95
Retained Earnings	0.74	-0.15	0.67	0.74	0.67	0.68		0.61	0.82	0.54	0.66	0.77	0.69	0.42	0.13	-0.68	0.69	0.05	0.8	0.29	0.69	0.66	0.81	0.73	0.73	0.78
Accounts Payable	0.92	-0.58	0.98	0.89	0.91	0.91	0.61		0.83	0.97	0.85	0.84	0.84	0.93	0.52	-0.78	0.99	-0.27	0.87	0.85	0.94	0.94	0.86	0.94	0.88	0.8
Cash	0.94	-0.59	0.81	0.94	0.87	0.92	0.82	0.83		0.84	0.85	0.89	0.92	0.79	0.3	-0.8	0.85	-0.09	0.96	0.59	0.91	0.86	0.88	0.91	0.94	0.94
Non Current Assets Total	0.94	-0.68	0.93	0.93	0.92	0.94	0.54	0.97	0.84		0.91	0.8	0.84	0.96	0.49	-0.84	0.95	-0.23	0.89	0.86	0.94	0.95	0.83	0.94	0.92	0.84
Other Assets	0.93	-0.73	0.82	0.93	0.84	0.88	0.66	0.85	0.85	0.91		0.77	0.79	0.88	0.58	-0.89	0.84	-0.17	0.91	0.69	0.88	0.88	0.85	0.93	0.95	0.91
Net Receivables	0.85	-0.58	0.84	0.83	0.77	0.82	0.77	0.84	0.89	0.8	0.77		0.89	0.73	0.4	-0.65	0.87	-0.14	0.85	0.74	0.86	0.75	0.87	0.88	0.83	0.81
Non Current Liabilities Total	0.92	-0.61	0.77	0.92	0.91	0.9	0.69	0.84	0.92	0.84	0.79	0.89		0.78	0.3	-0.7	0.83	-0.39	0.92	0.63	0.93	0.85	0.94	0.93	0.91	0.91
Inventory	0.89	-0.78	0.87	0.87	0.85	0.89	0.42	0.93	0.79	0.96	0.88	0.73	0.78		0.61	-0.74	0.88	-0.29	0.83	0.82	0.89	0.89	0.74	0.89	0.88	0.79
Other Current Assets	0.38	-0.7	0.46	0.36	0.3	0.32	0.13	0.52	0.3	0.49	0.58	0.4	0.3	0.61		-0.3	0.46	-0.32	0.33	0.47	0.39	0.35	0.39	0.47	0.39	0.31
Other Stockholder Equity	-0.87	0.47	-0.81	-0.87	-0.83	-0.83	-0.68	-0.78	-0.8	-0.84	-0.89	-0.65	-0.7	-0.74	-0.3		-0.82	-0.06	-0.86	-0.6	-0.82	-0.87	-0.79	-0.85	-0.87	-0.83
Total Liab	0.92	-0.51	1.0	0.88	0.9	0.9	0.69	0.99	0.85	0.95	0.84	0.87	0.83	0.88	0.46	-0.82		-0.15	0.88	0.83	0.93	0.93	0.87	0.94	0.88	0.8
Short Long Term Debt	-0.25	0.23	-0.1	-0.26	-0.39	-0.27	0.05	-0.27	-0.09	-0.23	-0.17	-0.14	-0.39	-0.29	-0.32	-0.06	-0.15		-0.24	-0.07	-0.34	-0.3	-0.37	-0.32	-0.26	-0.28
Total Current Assets	0.99	-0.56	0.84	0.99	0.95	0.97	0.8	0.87	0.96	0.89	0.91	0.85	0.92	0.83	0.33	-0.86	0.88	-0.24		0.6	0.97	0.95	0.93	0.97	0.99	0.99
Intangible Assets	0.69	-0.64	0.84	0.65	0.64	0.7	0.29	0.85	0.59	0.86	0.69	0.74	0.63	0.82	0.47	-0.6	0.83	-0.07	0.6		0.72	0.7	0.58	0.73	0.66	0.52
Common Stock	0.98	-0.57	0.9	0.97	0.98	0.99	0.69	0.94	0.91	0.94	0.88	0.86	0.93	0.89	0.39	-0.82	0.93	-0.34	0.97	0.72		0.97	0.92	0.99	0.97	0.94
Property Plant Equipment	0.97	-0.5	0.91	0.96	0.98	0.97	0.66	0.94	0.86	0.95	0.88	0.75	0.85	0.89	0.35	-0.87	0.93	-0.3	0.95	0.7	0.97		0.87	0.96	0.95	0.91
Long Term Debt	0.92	-0.5	0.83	0.91	0.91	0.87	0.81	0.86	0.88	0.83	0.85	0.87	0.94	0.74	0.39	-0.79	0.87	-0.37	0.93	0.58	0.92	0.87		0.95	0.92	0.92
Common Stock Shares Outstanding	0.99	-0.62	0.91	0.98	0.96	0.96	0.73	0.94	0.91	0.94	0.93	0.88	0.93	0.89	0.47	-0.85	0.94	-0.32	0.97	0.73	0.99	0.96	0.95		0.98	0.94
Net Invested Capital	1.0	-0.64	0.84	1.0	0.95	0.98	0.73	0.88	0.94	0.92	0.95	0.83	0.91	0.88	0.39	-0.87	0.88	-0.26	0.99	0.66	0.97	0.95	0.92	0.98		0.98
Net Working Capital	0.97	-0.58	0.76	0.98	0.93	0.95	0.78	0.8	0.94	0.84	0.91	0.81	0.91	0.79	0.31	-0.83	0.8	-0.28	0.99	0.52	0.94	0.91	0.92	0.94	0.98

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Nantong Haixing Account Relationship Matchups

Nantong Haixing fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	1.6B	2.3B	2.4B	2.4B	2.6B	1.9B
Other Current Liab	32.4M	19.1M	121.3K	77.9K	157.3K	149.4K
Total Current Liabilities	355.4M	321.4M	344.0M	356.5M	538.7M	353.4M
Total Stockholder Equity	1.2B	2.0B	2.0B	2.0B	2.0B	1.5B
Other Liab	8.6M	22.0M	29.3M	32.8M	37.7M	20.9M
Net Tangible Assets	744.1M	1.2B	1.2B	1.9B	2.2B	1.2B
Retained Earnings	569.9M	635.1M	580.8M	525.5M	553.8M	612.4M
Accounts Payable	269.8M	248.1M	296.8M	309.8M	474.4M	273.2M
Cash	343.1M	510.0M	681.4M	547.9M	577.6M	491.3M
Non Current Assets Total	483.7M	551.3M	643.0M	752.4M	905.1M	564.5M
Other Assets	3.7M	5.6M	9.5M	32.9M	37.8M	39.7M
Net Receivables	310.3M	347.7M	348.4M	367.3M	416.7M	378.3M
Non Current Liabilities Total	29.3M	32.8M	45.7M	48.9M	45.0M	34.1M
Inventory	108.6M	141.7M	220.4M	205.8M	282.8M	157.0M
Other Current Assets	5.4M	6.3M	12.2M	5.2M	17.8M	18.7M
Other Stockholder Equity	5.0M	6.9M	1.0M	(1.0M)	(913.9K)	(868.2K)
Total Liab	384.7M	354.2M	389.6M	405.4M	583.7M	387.4M
Total Current Assets	1.1B	1.8B	1.8B	1.6B	1.7B	1.4B
Intangible Assets	37.2M	36.1M	37.3M	63.9M	78.5M	49.1M
Property Plant Equipment	283.9M	316.1M	437.1M	482.3M	554.6M	373.7M
Net Invested Capital	1.2B	2.0B	2.0B	2.0B	2.0B	1.7B
Net Working Capital	792.4M	1.5B	1.4B	1.3B	1.2B	1.1B
Property Plant And Equipment Net	437.1M	482.3M	582.7M	677.0M	799.0M	603.9M
Short Term Investments	110.3M	550.1M	220.3M	221.1M	254.2M	294.5M
Property Plant And Equipment Gross	900.8M	976.0M	1.1B	1.3B	799.0M	1.1B

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Other Information on Investing in Nantong Stock

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

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Nantong Cash vs Other Liab Analysis

Cash vs Other Liab

Cash vs Other Liab Correlation Analysis

Correlation Coefficient

Cash

Other Liab

Nantong Haixing fundamental ratios Correlations

Nantong Haixing Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Nantong Haixing fundamental ratios Accounts

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Other Information on Investing in Nantong Stock

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COMPANY

Total Stockholder Equity	+ 1.0	Total Assets
Net Invested Capital	+ 1.0	Total Assets
Total Liab	+ 1.0	Total Current Liabilities
Net Invested Capital	+ 1.0	Total Stockholder Equity
Net Tangible Assets	+ 0.99	Total Assets
Total Current Assets	+ 0.99	Total Assets

Other Stockholder Equity	- 0.89	Other Assets
Net Invested Capital	- 0.87	Other Stockholder Equity
Property Plant Equipment	- 0.87	Other Stockholder Equity
Other Stockholder Equity	- 0.87	Total Stockholder Equity
Other Stockholder Equity	- 0.87	Total Assets
Total Current Assets	- 0.86	Other Stockholder Equity