Shanghai Total Assets vs Long Term Debt Analysis

688217 Stock

20.89 0.14 0.67%

Shanghai Rightongene financial indicator trend analysis is much more than just breaking down Shanghai Rightongene prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Shanghai Rightongene is a good investment. Please check the relationship between Shanghai Rightongene Total Assets and its Long Term Debt accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Shanghai Rightongene Biotechnology. 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.

Total Assets vs Long Term Debt

Total Assets vs Long Term Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Shanghai Rightongene Total Assets account and Long Term Debt. At this time, the significance of the direction appears to have strong contrarian relationship.

The correlation between Shanghai Rightongene's Total Assets and Long Term Debt is -0.57. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Long Term Debt in the same time period over historical financial statements of Shanghai Rightongene Biotechnology, assuming nothing else is changed. The correlation between historical values of Shanghai Rightongene's Total Assets 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 Total Assets of Shanghai Rightongene Biotechnology 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 Total Assets i.e., Shanghai Rightongene's Total Assets and Long Term Debt go up and down completely randomly.

Correlation Coefficient

-0.57

Relationship Direction	Negative
Relationship Strength	Very Weak

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Total Assets

Total assets refers to the total amount of Shanghai Rightongene assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Shanghai Rightongene books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.

Long Term Debt

Long-term debt is a debt that Shanghai Rightongene has held for over one year. Long-term debt appears on Shanghai Rightongene Biotechnology 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 Shanghai Rightongene Biotechnology 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 Shanghai Rightongene's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Shanghai Rightongene 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 Shanghai Rightongene Biotechnology. 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 Selling General Administrative is expected to grow to about 91.4 M, whereas Tax Provision is projected to grow to (4.4 M).

	2021	2022	2023	2024 (projected)
Interest Income	2.6M	2.2M	3.8M	2.8M
Net Interest Income	2.0M	1.6M	2.9M	2.2M

Interest Income Net Interest Income

Shanghai Rightongene fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Net Receivables	Good Will	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Total Liab	Net Invested Capital	Total Current Assets	Capital Stock	Net Working Capital	Intangible Assets	Property Plant And Equipment Net	Capital Lease Obligations	Property Plant And Equipment Gross	Short Long Term Debt	Non Current Liabilities Other
Total Assets		-0.99	0.62	1.0	0.99	0.28	0.82	0.97	-0.1	0.79	0.45	0.98	0.9	0.82	-0.97	0.85	0.99	0.97	0.98	0.97	0.78	0.89	-0.59	0.91	0.89	0.64
Other Current Liab	-0.99		-0.59	-0.99	-0.99	-0.23	-0.78	-0.94	0.12	-0.76	-0.57	-0.97	-0.89	-0.73	0.96	-0.83	-0.98	-0.97	-0.97	-0.98	-0.81	-0.84	0.63	-0.86	-0.85	-0.65
Total Current Liabilities	0.62	-0.59		0.55	0.6	0.9	0.92	0.52	0.46	0.96	0.11	0.51	0.41	0.58	-0.64	0.91	0.54	0.68	0.51	0.58	0.09	0.47	0.18	0.48	0.26	0.84
Total Stockholder Equity	1.0	-0.99	0.55		0.98	0.21	0.76	0.96	-0.13	0.74	0.45	0.99	0.89	0.81	-0.97	0.8	1.0	0.96	0.99	0.97	0.8	0.89	-0.67	0.91	0.91	0.6
Retained Earnings	0.99	-0.99	0.6	0.98		0.23	0.81	0.98	-0.14	0.77	0.5	0.96	0.93	0.8	-0.94	0.85	0.99	0.94	0.96	0.94	0.8	0.89	-0.57	0.91	0.88	0.58
Accounts Payable	0.28	-0.23	0.9	0.21	0.23		0.68	0.15	0.71	0.78	-0.22	0.19	0.0	0.39	-0.36	0.66	0.2	0.39	0.19	0.28	-0.33	0.16	0.45	0.17	-0.07	0.71
Cash	0.82	-0.78	0.92	0.76	0.81	0.68		0.78	0.11	0.97	0.2	0.71	0.72	0.76	-0.76	0.99	0.75	0.8	0.71	0.72	0.44	0.75	-0.06	0.75	0.57	0.78
Non Current Assets Total	0.97	-0.94	0.52	0.96	0.98	0.15	0.78		-0.28	0.71	0.37	0.93	0.97	0.86	-0.87	0.81	0.97	0.87	0.93	0.88	0.84	0.96	-0.57	0.97	0.94	0.49
Non Currrent Assets Other	-0.1	0.12	0.46	-0.13	-0.14	0.71	0.11	-0.28		0.29	-0.14	-0.12	-0.43	-0.04	-0.09	0.14	-0.15	0.09	-0.12	0.02	-0.67	-0.32	0.47	-0.31	-0.44	0.26
Net Receivables	0.79	-0.76	0.96	0.74	0.77	0.78	0.97	0.71	0.29		0.17	0.71	0.61	0.73	-0.79	0.97	0.73	0.83	0.71	0.75	0.32	0.67	-0.06	0.68	0.5	0.86
Good Will	0.45	-0.57	0.11	0.45	0.5	-0.22	0.2	0.37	-0.14	0.17		0.43	0.47	-0.12	-0.47	0.29	0.44	0.49	0.43	0.52	0.57	0.13	-0.47	0.15	0.26	0.24
Common Stock Shares Outstanding	0.98	-0.97	0.51	0.99	0.96	0.19	0.71	0.93	-0.12	0.71	0.43		0.84	0.79	-0.97	0.75	0.99	0.96	1.0	0.98	0.79	0.87	-0.72	0.88	0.91	0.61
Non Current Liabilities Total	0.9	-0.89	0.41	0.89	0.93	0.0	0.72	0.97	-0.43	0.61	0.47	0.84		0.75	-0.76	0.75	0.9	0.77	0.84	0.78	0.9	0.92	-0.54	0.92	0.9	0.36
Inventory	0.82	-0.73	0.58	0.81	0.8	0.39	0.76	0.86	-0.04	0.73	-0.12	0.79	0.75		-0.74	0.75	0.82	0.73	0.79	0.71	0.52	0.94	-0.32	0.94	0.83	0.43
Other Current Assets	-0.97	0.96	-0.64	-0.97	-0.94	-0.36	-0.76	-0.87	-0.09	-0.79	-0.47	-0.97	-0.76	-0.74		-0.8	-0.96	-1.0	-0.97	-1.0	-0.66	-0.77	0.61	-0.79	-0.79	-0.71
Total Liab	0.85	-0.83	0.91	0.8	0.85	0.66	0.99	0.81	0.14	0.97	0.29	0.75	0.75	0.75	-0.8		0.79	0.84	0.75	0.77	0.47	0.75	-0.11	0.76	0.59	0.77
Net Invested Capital	0.99	-0.98	0.54	1.0	0.99	0.2	0.75	0.97	-0.15	0.73	0.44	0.99	0.9	0.82	-0.96	0.79		0.96	0.99	0.97	0.81	0.9	-0.67	0.92	0.92	0.58
Total Current Assets	0.97	-0.97	0.68	0.96	0.94	0.39	0.8	0.87	0.09	0.83	0.49	0.96	0.77	0.73	-1.0	0.84	0.96		0.96	0.99	0.66	0.77	-0.58	0.79	0.77	0.75
Capital Stock	0.98	-0.97	0.51	0.99	0.96	0.19	0.71	0.93	-0.12	0.71	0.43	1.0	0.84	0.79	-0.97	0.75	0.99	0.96		0.98	0.79	0.87	-0.72	0.88	0.91	0.61
Net Working Capital	0.97	-0.98	0.58	0.97	0.94	0.28	0.72	0.88	0.02	0.75	0.52	0.98	0.78	0.71	-1.0	0.77	0.97	0.99	0.98		0.72	0.77	-0.67	0.79	0.81	0.69
Intangible Assets	0.78	-0.81	0.09	0.8	0.8	-0.33	0.44	0.84	-0.67	0.32	0.57	0.79	0.9	0.52	-0.66	0.47	0.81	0.66	0.79	0.72		0.77	-0.8	0.78	0.88	0.26
Property Plant And Equipment Net	0.89	-0.84	0.47	0.89	0.89	0.16	0.75	0.96	-0.32	0.67	0.13	0.87	0.92	0.94	-0.77	0.75	0.9	0.77	0.87	0.77	0.77		-0.5	1.0	0.95	0.4
Capital Lease Obligations	-0.59	0.63	0.18	-0.67	-0.57	0.45	-0.06	-0.57	0.47	-0.06	-0.47	-0.72	-0.54	-0.32	0.61	-0.11	-0.67	-0.58	-0.72	-0.67	-0.8	-0.5		-0.52	-0.75	-0.18
Property Plant And Equipment Gross	0.91	-0.86	0.48	0.91	0.91	0.17	0.75	0.97	-0.31	0.68	0.15	0.88	0.92	0.94	-0.79	0.76	0.92	0.79	0.88	0.79	0.78	1.0	-0.52		0.95	0.42
Short Long Term Debt	0.89	-0.85	0.26	0.91	0.88	-0.07	0.57	0.94	-0.44	0.5	0.26	0.91	0.9	0.83	-0.79	0.59	0.92	0.77	0.91	0.81	0.88	0.95	-0.75	0.95		0.33
Non Current Liabilities Other	0.64	-0.65	0.84	0.6	0.58	0.71	0.78	0.49	0.26	0.86	0.24	0.61	0.36	0.43	-0.71	0.77	0.58	0.75	0.61	0.69	0.26	0.4	-0.18	0.42	0.33

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

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Shanghai Total Assets vs Long Term Debt Analysis

Total Assets vs Long Term Debt

Total Assets vs Long Term Debt Correlation Analysis

Correlation Coefficient

Total Assets

Long Term Debt

Shanghai Rightongene fundamental ratios Correlations

Shanghai Rightongene Account Relationship Matchups

High Positive Relationship

High Negative Relationship

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Other Information on Investing in Shanghai Stock

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Total Stockholder Equity	+ 1.0	Total Assets
Net Invested Capital	+ 1.0	Total Stockholder Equity
Capital Stock	+ 1.0	Common Stock Shares Outstanding
Property Plant And Equipment Gross	+ 1.0	Property Plant And Equipment Net
Retained Earnings	+ 0.99	Total Assets
Net Invested Capital	+ 0.99	Total Assets

Net Working Capital	- 1.0	Other Current Assets
Total Current Assets	- 1.0	Other Current Assets
Retained Earnings	- 0.99	Other Current Liab
Total Stockholder Equity	- 0.99	Other Current Liab
Other Current Liab	- 0.99	Total Assets
Net Working Capital	- 0.98	Other Current Liab