Nantong Long Term Debt vs Non Current Assets Total Analysis

603115 Stock   14.10  0.60  4.44%   
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 Long Term Debt and its Non Current Assets Total 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.

Long Term Debt vs Non Current Assets Total

Long Term Debt vs Non Current Assets Total Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Nantong Haixing Elec Long Term Debt account and Non Current Assets Total. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Nantong Haixing's Long Term Debt and Non Current Assets Total is 0.85. Overlapping area represents the amount of variation of Long Term Debt that can explain the historical movement of Non Current Assets Total 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 Long Term Debt and Non Current Assets Total 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 Nantong Haixing Electronics are associated (or correlated) with its Non Current Assets Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Assets Total has no effect on the direction of Long Term Debt i.e., Nantong Haixing's Long Term Debt and Non Current Assets Total go up and down completely randomly.

Correlation Coefficient

0.85
Relationship DirectionPositive 
Relationship StrengthStrong

Long Term Debt

Long-term debt is a debt that Nantong Haixing Elec has held for over one year. Long-term debt appears on Nantong Haixing Electronics 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 Nantong Haixing Electronics 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.

Non Current Assets Total

The total value of a company's long-term assets, which are not expected to be converted into cash or used up within one year or the operating cycle, including property, plant, and equipment, and intangible assets.
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. The current year's Selling General Administrative is expected to grow to about 51.4 M
 2021 2022 2023 2024 (projected)
Gross Profit453.5M439.0M365.9M349.2M
Total Revenue1.6B1.8B1.8B1.4B

Nantong Haixing fundamental ratios Correlations

-0.510.91.00.960.980.770.950.940.950.910.80.910.88-0.05-0.850.93-0.241.00.590.970.960.920.981.00.99
-0.51-0.26-0.53-0.4-0.5-0.12-0.42-0.52-0.58-0.69-0.46-0.54-0.73-0.410.39-0.320.22-0.47-0.54-0.51-0.42-0.44-0.56-0.56-0.53
0.9-0.260.880.870.850.830.950.870.880.790.750.80.72-0.29-0.860.99-0.060.890.60.870.90.890.880.870.84
1.0-0.530.880.960.980.750.940.930.950.910.790.90.89-0.02-0.840.91-0.250.990.580.970.950.910.971.00.99
0.96-0.40.870.960.970.660.950.850.950.820.710.910.85-0.06-0.810.91-0.390.950.60.980.980.910.970.950.93
0.98-0.50.850.980.970.670.930.90.960.870.760.90.89-0.06-0.810.89-0.260.970.650.990.970.860.970.980.96
0.77-0.120.830.750.660.670.740.830.590.650.840.690.43-0.36-0.680.830.060.810.270.670.640.80.70.750.78
0.95-0.420.950.940.950.930.740.890.950.840.770.90.86-0.08-0.810.97-0.30.940.630.950.960.930.950.930.91
0.94-0.520.870.930.850.90.830.890.850.820.890.910.8-0.09-0.770.9-0.070.950.530.890.830.870.890.930.94
0.95-0.580.880.950.950.960.590.950.850.910.680.850.94-0.03-0.860.9-0.240.920.740.960.980.850.960.950.91
0.91-0.690.790.910.820.870.650.840.820.910.70.760.860.02-0.880.81-0.160.890.640.870.860.840.910.930.9
0.8-0.460.750.790.710.760.840.770.890.680.70.890.57-0.3-0.580.8-0.110.820.570.790.660.870.820.790.82
0.91-0.540.80.90.910.90.690.90.910.850.760.890.79-0.05-0.650.86-0.40.910.60.930.840.930.930.90.9
0.88-0.730.720.890.850.890.430.860.80.940.860.570.790.3-0.720.76-0.330.840.610.870.880.730.870.890.85
-0.05-0.41-0.29-0.02-0.06-0.06-0.36-0.08-0.09-0.030.02-0.3-0.050.30.23-0.26-0.53-0.06-0.37-0.1-0.08-0.14-0.1-0.010.0
-0.850.39-0.86-0.84-0.81-0.81-0.68-0.81-0.77-0.86-0.88-0.58-0.65-0.720.23-0.85-0.09-0.84-0.54-0.8-0.85-0.77-0.83-0.85-0.81
0.93-0.320.990.910.910.890.830.970.90.90.810.80.860.76-0.26-0.85-0.120.920.620.910.920.920.920.90.88
-0.240.22-0.06-0.25-0.39-0.260.06-0.3-0.07-0.24-0.16-0.11-0.4-0.33-0.53-0.09-0.12-0.24-0.01-0.33-0.29-0.37-0.32-0.26-0.28
1.0-0.470.890.990.950.970.810.940.950.920.890.820.910.84-0.06-0.840.92-0.240.530.960.930.920.960.990.99
0.59-0.540.60.580.60.650.270.630.530.740.640.570.60.61-0.37-0.540.62-0.010.530.70.660.560.710.580.51
0.97-0.510.870.970.980.990.670.950.890.960.870.790.930.87-0.1-0.80.91-0.330.960.70.970.920.990.970.95
0.96-0.420.90.950.980.970.640.960.830.980.860.660.840.88-0.08-0.850.92-0.290.930.660.970.870.960.950.91
0.92-0.440.890.910.910.860.80.930.870.850.840.870.930.73-0.14-0.770.92-0.370.920.560.920.870.950.910.91
0.98-0.560.880.970.970.970.70.950.890.960.910.820.930.87-0.1-0.830.92-0.320.960.710.990.960.950.970.95
1.0-0.560.871.00.950.980.750.930.930.950.930.790.90.89-0.01-0.850.9-0.260.990.580.970.950.910.970.99
0.99-0.530.840.990.930.960.780.910.940.910.90.820.90.850.0-0.810.88-0.280.990.510.950.910.910.950.99
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Nantong Haixing Account Relationship Matchups

Nantong Haixing fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets1.6B1.6B2.3B2.4B2.4B1.8B
Other Current Liab15.3M32.4M19.1M121.3K77.9K74.1K
Total Current Liabilities265.0M355.4M321.4M344.0M356.5M323.5M
Total Stockholder Equity1.3B1.2B2.0B2.0B2.0B1.5B
Other Liab8.6M22.0M29.3M32.8M37.7M20.9M
Net Tangible Assets744.1M1.2B1.2B1.9B2.2B1.2B
Retained Earnings600.2M569.9M635.1M580.8M525.5M612.8M
Accounts Payable211.2M269.8M248.1M296.8M309.8M242.1M
Cash505.2M343.1M510.0M681.4M547.9M473.3M
Non Current Assets Total359.9M483.7M551.3M643.0M752.4M510.6M
Other Assets3.7M5.6M9.5M32.9M37.8M39.7M
Net Receivables398.7M310.3M347.7M348.4M367.3M368.2M
Non Current Liabilities Total47.0M29.3M32.8M45.7M48.9M32.1M
Inventory93.0M108.6M141.7M220.4M205.8M137.8M
Other Current Assets5.8M5.4M6.3M12.2M5.2M7.0M
Other Stockholder Equity5.0M6.9M1.0M(1.0M)(913.9K)(868.2K)
Total Liab312.0M384.7M354.2M389.6M405.4M355.6M
Short Long Term Debt58M57.5M10.0M20.0M18.0M26.5M
Total Current Assets1.2B1.1B1.8B1.8B1.6B1.3B
Intangible Assets38.2M37.2M36.1M37.3M63.9M44.5M
Property Plant Equipment283.9M316.1M437.1M482.3M554.6M373.7M
Net Invested Capital1.3B1.2B2.0B2.0B2.0B1.6B
Net Working Capital974.6M792.4M1.5B1.4B1.3B1.1B

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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.