Xingguang Accounts Payable vs Total Current Liabilities Analysis

603789 Stock   9.10  0.27  3.06%   
Xingguang Agricultural financial indicator trend analysis is more than just analyzing Xingguang Agricultural current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Xingguang Agricultural is a good investment. Please check the relationship between Xingguang Agricultural Accounts Payable and its Total Current Liabilities accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Xingguang Agricultural Mach. 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.

Accounts Payable vs Total Current Liabilities

Accounts Payable vs Total Current Liabilities Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Xingguang Agricultural Accounts Payable account and Total Current Liabilities. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Xingguang Agricultural's Accounts Payable and Total Current Liabilities is 0.58. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of Xingguang Agricultural Mach, assuming nothing else is changed. The correlation between historical values of Xingguang Agricultural's Accounts Payable and Total Current Liabilities is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Accounts Payable of Xingguang Agricultural Mach are associated (or correlated) with its Total Current Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Liabilities has no effect on the direction of Accounts Payable i.e., Xingguang Agricultural's Accounts Payable and Total Current Liabilities go up and down completely randomly.

Correlation Coefficient

0.58
Relationship DirectionPositive 
Relationship StrengthWeak

Accounts Payable

An accounting item on the balance sheet that represents Xingguang Agricultural obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Xingguang Agricultural are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.

Total Current Liabilities

Total Current Liabilities is an item on Xingguang Agricultural balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Xingguang Agricultural Mach are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.
Most indicators from Xingguang Agricultural's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Xingguang Agricultural 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 Xingguang Agricultural Mach. 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 7 M, whereas Selling General Administrative is forecasted to decline to about 43.4 M.

Xingguang Agricultural fundamental ratios Correlations

0.030.530.78-0.010.15-0.790.530.820.820.630.550.840.810.940.58-0.45-0.60.620.030.190.34-0.48-0.240.320.55
0.030.38-0.2-0.220.25-0.090.220.170.060.290.330.080.1-0.040.0-0.2-0.170.22-0.29-0.02-0.18-0.42-0.290.10.16
0.530.38-0.08-0.60.58-0.720.730.670.820.280.990.630.720.520.69-0.81-0.750.87-0.55-0.24-0.03-0.63-0.650.590.86
0.78-0.2-0.080.54-0.2-0.380.00.480.370.59-0.060.510.410.70.150.11-0.10.070.510.50.55-0.010.29-0.20.0
-0.01-0.22-0.60.54-0.090.47-0.81-0.17-0.450.19-0.63-0.21-0.45-0.09-0.320.840.6-0.680.880.830.680.50.9-0.8-0.65
0.150.250.58-0.2-0.090.010.140.130.27-0.110.540.170.050.040.34-0.13-0.120.17-0.10.20.24-0.260.020.240.26
-0.79-0.09-0.72-0.380.470.01-0.82-0.82-0.91-0.53-0.75-0.84-0.94-0.88-0.580.840.83-0.910.370.310.030.530.69-0.52-0.81
0.530.220.730.0-0.810.14-0.820.520.790.160.760.630.80.620.42-0.94-0.770.87-0.67-0.66-0.42-0.61-0.890.790.77
0.820.170.670.48-0.170.13-0.820.520.760.670.670.840.810.840.79-0.54-0.850.78-0.230.090.28-0.61-0.420.340.74
0.820.060.820.37-0.450.27-0.910.790.760.480.850.820.930.830.62-0.82-0.780.89-0.36-0.210.12-0.52-0.580.560.87
0.630.290.280.590.19-0.11-0.530.160.670.480.280.390.440.610.31-0.16-0.380.380.040.410.26-0.33-0.13-0.10.4
0.550.330.99-0.06-0.630.54-0.750.760.670.850.280.640.770.560.7-0.85-0.770.9-0.57-0.27-0.04-0.67-0.690.640.9
0.840.080.630.51-0.210.17-0.840.630.840.820.390.640.890.850.56-0.62-0.790.75-0.12-0.140.32-0.41-0.40.370.65
0.810.10.720.41-0.450.05-0.940.80.810.930.440.770.890.860.62-0.82-0.860.92-0.38-0.30.12-0.57-0.630.560.84
0.94-0.040.520.7-0.090.04-0.880.620.840.830.610.560.850.860.57-0.55-0.680.71-0.060.040.25-0.5-0.380.370.62
0.580.00.690.15-0.320.34-0.580.420.790.620.310.70.560.620.57-0.49-0.750.68-0.450.080.2-0.69-0.360.560.76
-0.45-0.2-0.810.110.84-0.130.84-0.94-0.54-0.82-0.16-0.85-0.62-0.82-0.55-0.490.8-0.940.720.670.330.530.89-0.71-0.86
-0.6-0.17-0.75-0.10.6-0.120.83-0.77-0.85-0.78-0.38-0.77-0.79-0.86-0.68-0.750.8-0.920.650.390.030.660.72-0.63-0.9
0.620.220.870.07-0.680.17-0.910.870.780.890.380.90.750.920.710.68-0.94-0.92-0.62-0.43-0.12-0.68-0.820.680.95
0.03-0.29-0.550.510.88-0.10.37-0.67-0.23-0.360.04-0.57-0.12-0.38-0.06-0.450.720.65-0.620.670.530.520.77-0.69-0.68
0.19-0.02-0.240.50.830.20.31-0.660.09-0.210.41-0.27-0.14-0.30.040.080.670.39-0.430.670.660.060.72-0.49-0.33
0.34-0.18-0.030.550.680.240.03-0.420.280.120.26-0.040.320.120.250.20.330.03-0.120.530.660.20.64-0.43-0.03
-0.48-0.42-0.63-0.010.5-0.260.53-0.61-0.61-0.52-0.33-0.67-0.41-0.57-0.5-0.690.530.66-0.680.520.060.20.64-0.8-0.69
-0.24-0.29-0.650.290.90.020.69-0.89-0.42-0.58-0.13-0.69-0.4-0.63-0.38-0.360.890.72-0.820.770.720.640.64-0.76-0.74
0.320.10.59-0.2-0.80.24-0.520.790.340.56-0.10.640.370.560.370.56-0.71-0.630.68-0.69-0.49-0.43-0.8-0.760.68
0.550.160.860.0-0.650.26-0.810.770.740.870.40.90.650.840.620.76-0.86-0.90.95-0.68-0.33-0.03-0.69-0.740.68
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Xingguang Agricultural Account Relationship Matchups

Xingguang Agricultural fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets1.7B1.4B1.3B1.1B1.3B1.4B
Other Current Liab44.9M45.0M272.4M4.5M60.8M66.9M
Total Current Liabilities555.3M453.8M613.5M519.1M697.5M449.4M
Total Stockholder Equity1.0B786.1M618.1M468.0M419.2M596.8M
Retained Earnings248.6M(28.9M)(185.1M)(403.1M)(458.8M)(435.9M)
Accounts Payable245.5M156.5M230.8M143.5M296.3M228.1M
Cash163.2M91.1M131.0M73.1M116.1M206.5M
Other Assets38.3M20.5M49.3M69.2M79.6M83.6M
Net Receivables636.0M499.5M409.8M257.2M231.7M265.6M
Inventory160.8M152.9M149.1M169.1M230.4M133.7M
Other Current Assets51.7M56.5M62.7M21.1M10.9M10.4M
Total Liab605.1M524.8M668.9M562.3M833.0M494.3M
Intangible Assets97.3M92.3M88.2M87.3M90.0M86.5M
Property Plant Equipment398.3M384.1M321.1M272.9M313.8M314.3M
Other Liab30.8M39.8M30.9M29.2M33.6M32.3M
Net Tangible Assets800.3M677.5M514.0M364.8M328.3M578.1M
Other Stockholder Equity14.8M16.5M18.1M18.8M21.6M15.5M
Deferred Long Term Liab9.2M8.4M9.7M3.9M3.5M3.4M
Total Current Assets1.0B820.0M759.9M529.7M678.3M644.2M
Non Current Assets Total702.5M581.1M571.9M546.0M618.3M504.1M
Non Currrent Assets Other3.6M1.7M1.2M21.1M352.8K335.1K
Non Current Liabilities Total49.8M71.0M55.4M43.1M135.5M142.3M
Non Current Liabilities Other10.9M6.3M6.3M5.2M4.7M6.1M
Net Invested Capital1.2B910.8M721.4M578.1M598.2M699.1M
Net Working Capital461.5M366.2M146.4M10.6M(19.2M)(18.2M)
Short Long Term Debt98.4M84.7M78.6M91.5M112.7M93.7M

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Other Information on Investing in Xingguang Stock

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