Qingdao Net Debt vs Cash Analysis

688677 Stock

35.83 0.39 1.08%

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

Net Debt vs Cash

Net Debt vs Cash Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Qingdao NovelBeam Net Debt account and Cash. At this time, the significance of the direction appears to have pay attention.

The correlation between Qingdao NovelBeam's Net Debt and Cash is -0.98. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Cash in the same time period over historical financial statements of Qingdao NovelBeam Technology, assuming nothing else is changed. The correlation between historical values of Qingdao NovelBeam's Net Debt and Cash is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Debt of Qingdao NovelBeam Technology are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Net Debt i.e., Qingdao NovelBeam's Net Debt and Cash go up and down completely randomly.

Correlation Coefficient

-0.98

Relationship Direction	Negative
Relationship Strength	Significant

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Net Debt

The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.

Cash

Cash refers to the most liquid asset of Qingdao NovelBeam, which is listed under current asset account on Qingdao NovelBeam Technology balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Qingdao NovelBeam customers. The amounts must be unrestricted with restricted cash listed in a different Qingdao NovelBeam 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.

Most indicators from Qingdao NovelBeam's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Qingdao NovelBeam 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 Qingdao NovelBeam Technology. 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 Selling General Administrative is expected to grow to about 34.4 M. The current year's Tax Provision is expected to grow to about 18.2 M

	2021	2022	2023	2024 (projected)
Interest Expense	349.8K	368.0K	470.7K	735.2K
Depreciation And Amortization	12.5M	18.4M	21.1M	12.6M

Interest Expense Depreciation And Amortization

Qingdao NovelBeam fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Intangible Assets	Common Stock	Long Term Debt	Net Receivables	Net Invested Capital
Total Assets		0.38	0.82	0.77	1.0	0.97	-0.95	0.97	0.92	0.98	0.98	0.64	0.93	0.86	0.6	0.91	-0.75	0.92	0.81	1.0	0.32	0.63	0.93	0.8	0.94	0.99
Short Long Term Debt Total	0.38		0.47	0.6	0.34	0.45	-0.28	0.48	0.35	0.3	0.48	0.17	0.34	0.21	0.84	0.34	-0.79	0.27	0.69	0.33	0.91	0.8	0.67	0.69	0.36	0.34
Other Current Liab	0.82	0.47		0.78	0.81	0.88	-0.79	0.87	0.81	0.72	0.88	0.22	0.87	0.82	0.52	0.88	-0.78	0.87	0.8	0.79	0.54	0.62	0.82	0.72	0.87	0.85
Total Current Liabilities	0.77	0.6	0.78		0.74	0.83	-0.67	0.8	0.9	0.68	0.84	0.53	0.66	0.5	0.45	0.75	-0.73	0.64	0.99	0.74	0.65	0.7	0.8	0.66	0.88	0.74
Total Stockholder Equity	1.0	0.34	0.81	0.74		0.96	-0.96	0.96	0.9	0.98	0.97	0.63	0.94	0.87	0.59	0.91	-0.73	0.93	0.77	1.0	0.27	0.6	0.92	0.79	0.92	0.99
Property Plant And Equipment Net	0.97	0.45	0.88	0.83	0.96		-0.87	1.0	0.94	0.89	1.0	0.48	0.88	0.87	0.59	0.97	-0.75	0.87	0.86	0.94	0.47	0.64	0.93	0.84	0.96	0.95
Net Debt	-0.95	-0.28	-0.79	-0.67	-0.96	-0.87		-0.87	-0.83	-0.98	-0.89	-0.69	-0.98	-0.79	-0.56	-0.79	0.72	-0.97	-0.71	-0.97	-0.14	-0.56	-0.85	-0.74	-0.88	-0.98
Retained Earnings	0.97	0.48	0.87	0.8	0.96	1.0	-0.87		0.91	0.9	1.0	0.48	0.89	0.89	0.65	0.96	-0.77	0.88	0.84	0.95	0.48	0.67	0.95	0.87	0.93	0.96
Accounts Payable	0.92	0.35	0.81	0.9	0.9	0.94	-0.83	0.91		0.85	0.94	0.58	0.81	0.71	0.39	0.89	-0.62	0.81	0.89	0.89	0.39	0.61	0.82	0.73	0.99	0.9
Cash	0.98	0.3	0.72	0.68	0.98	0.89	-0.98	0.9	0.85		0.91	0.75	0.93	0.79	0.59	0.81	-0.72	0.92	0.72	0.99	0.16	0.57	0.89	0.74	0.87	0.97
Non Current Assets Total	0.98	0.48	0.88	0.84	0.97	1.0	-0.89	1.0	0.94	0.91		0.52	0.89	0.87	0.62	0.96	-0.77	0.88	0.87	0.96	0.48	0.68	0.95	0.85	0.95	0.96
Non Currrent Assets Other	0.64	0.17	0.22	0.53	0.63	0.48	-0.69	0.48	0.58	0.75	0.52		0.55	0.2	0.33	0.31	-0.45	0.51	0.54	0.68	-0.06	0.34	0.55	0.38	0.56	0.6
Cash And Short Term Investments	0.93	0.34	0.87	0.66	0.94	0.88	-0.98	0.89	0.81	0.93	0.89	0.55		0.84	0.6	0.82	-0.76	1.0	0.71	0.94	0.23	0.6	0.86	0.78	0.87	0.97
Common Stock Shares Outstanding	0.86	0.21	0.82	0.5	0.87	0.87	-0.79	0.89	0.71	0.79	0.87	0.2	0.84		0.51	0.93	-0.6	0.85	0.54	0.84	0.25	0.46	0.79	0.68	0.76	0.87
Non Current Liabilities Total	0.6	0.84	0.52	0.45	0.59	0.59	-0.56	0.65	0.39	0.59	0.62	0.33	0.6	0.51		0.47	-0.86	0.53	0.58	0.59	0.64	0.73	0.81	0.84	0.44	0.59
Inventory	0.91	0.34	0.88	0.75	0.91	0.97	-0.79	0.96	0.89	0.81	0.96	0.31	0.82	0.93	0.47		-0.64	0.83	0.77	0.88	0.44	0.6	0.85	0.72	0.9	0.9
Other Current Assets	-0.75	-0.79	-0.78	-0.73	-0.73	-0.75	0.72	-0.77	-0.62	-0.72	-0.77	-0.45	-0.76	-0.6	-0.86	-0.64		-0.71	-0.81	-0.73	-0.67	-0.71	-0.91	-0.79	-0.67	-0.75
Other Stockholder Equity	0.92	0.27	0.87	0.64	0.93	0.87	-0.97	0.88	0.81	0.92	0.88	0.51	1.0	0.85	0.53	0.83	-0.71		0.68	0.93	0.19	0.56	0.82	0.74	0.88	0.96
Total Liab	0.81	0.69	0.8	0.99	0.77	0.86	-0.71	0.84	0.89	0.72	0.87	0.54	0.71	0.54	0.58	0.77	-0.81	0.68		0.77	0.7	0.77	0.87	0.75	0.88	0.77
Total Current Assets	1.0	0.33	0.79	0.74	1.0	0.94	-0.97	0.95	0.89	0.99	0.96	0.68	0.94	0.84	0.59	0.88	-0.73	0.93	0.77		0.25	0.6	0.91	0.78	0.92	0.99
Short Term Debt	0.32	0.91	0.54	0.65	0.27	0.47	-0.14	0.48	0.39	0.16	0.48	-0.06	0.23	0.25	0.64	0.44	-0.67	0.19	0.7	0.25		0.74	0.59	0.58	0.37	0.27
Intangible Assets	0.63	0.8	0.62	0.7	0.6	0.64	-0.56	0.67	0.61	0.57	0.68	0.34	0.6	0.46	0.73	0.6	-0.71	0.56	0.77	0.6	0.74		0.77	0.7	0.58	0.6
Common Stock	0.93	0.67	0.82	0.8	0.92	0.93	-0.85	0.95	0.82	0.89	0.95	0.55	0.86	0.79	0.81	0.85	-0.91	0.82	0.87	0.91	0.59	0.77		0.87	0.84	0.91
Long Term Debt	0.8	0.69	0.72	0.66	0.79	0.84	-0.74	0.87	0.73	0.74	0.85	0.38	0.78	0.68	0.84	0.72	-0.79	0.74	0.75	0.78	0.58	0.7	0.87		0.77	0.8
Net Receivables	0.94	0.36	0.87	0.88	0.92	0.96	-0.88	0.93	0.99	0.87	0.95	0.56	0.87	0.76	0.44	0.9	-0.67	0.88	0.88	0.92	0.37	0.58	0.84	0.77		0.93
Net Invested Capital	0.99	0.34	0.85	0.74	0.99	0.95	-0.98	0.96	0.9	0.97	0.96	0.6	0.97	0.87	0.59	0.9	-0.75	0.96	0.77	0.99	0.27	0.6	0.91	0.8	0.93

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Qingdao NovelBeam Account Relationship Matchups

Qingdao NovelBeam fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	329.8M	417.3M	1.2B	1.4B	1.4B	820.5M
Short Long Term Debt Total	40M	49.4M	22.5M	19.2M	22.1M	26.8M
Other Current Liab	47.3M	26.0M	35.6M	89.8M	103.2M	108.4M
Total Current Liabilities	93.9M	78.2M	68.0M	167.3M	85.4M	89.7M
Total Stockholder Equity	220.1M	315.4M	1.1B	1.2B	1.3B	716.0M
Property Plant And Equipment Net	131.3M	180.8M	240.3M	400.7M	413.7M	244.4M
Net Debt	(17.8M)	(33.4M)	(700.6M)	(616.9M)	(555.2M)	(527.5M)
Retained Earnings	137.0M	221.3M	304.3M	448.3M	517.8M	284.5M
Accounts Payable	16.6M	22.2M	28.9M	60.2M	40.0M	31.7M
Cash	57.8M	82.8M	723.1M	636.2M	592.3M	345.6M
Non Current Assets Total	177.2M	223.0M	320.5M	475.2M	489.9M	303.3M
Non Currrent Assets Other	4.7M	3.8M	40.6M	32.3M	756.6K	718.8K
Cash And Short Term Investments	57.8M	82.8M	723.1M	636.2M	731.6M	768.2M
Common Stock Shares Outstanding	66.6M	65.1M	83.5M	86.9M	121.6M	88.2M
Liabilities And Stockholders Equity	329.8M	417.3M	1.2B	1.4B	1.6B	1.7B
Non Current Liabilities Total	11.1M	19.5M	19.0M	3.8M	16.7M	11.4M
Inventory	52.7M	46.5M	66.1M	138.0M	170.8M	88.4M
Other Current Assets	4.6M	10.8M	3.5M	10.4M	4.8M	4.6M
Other Stockholder Equity	18.0M	28.8M	699.7M	684.0M	786.6M	825.9M
Total Liab	105.0M	97.6M	87.0M	171.0M	102.1M	101.1M
Total Current Assets	152.7M	194.3M	861.3M	918.4M	904.9M	517.1M
Intangible Assets	32.8M	32.4M	31.4M	30.7M	30.6M	32.3M

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Other Information on Investing in Qingdao Stock

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

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Qingdao Net Debt vs Cash Analysis

Net Debt vs Cash

Net Debt vs Cash Correlation Analysis

Correlation Coefficient

Net Debt

Cash

Qingdao NovelBeam fundamental ratios Correlations

Qingdao NovelBeam Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Qingdao NovelBeam fundamental ratios Accounts

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Other Information on Investing in Qingdao Stock

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Total Stockholder Equity	+ 1.0	Total Assets
Total Current Assets	+ 1.0	Total Assets
Total Current Assets	+ 1.0	Total Stockholder Equity
Retained Earnings	+ 1.0	Property Plant And Equipment Net
Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Non Current Assets Total	+ 1.0	Retained Earnings

Net Invested Capital	- 0.98	Net Debt
Cash And Short Term Investments	- 0.98	Net Debt
Cash	- 0.98	Net Debt
Total Current Assets	- 0.97	Net Debt
Other Stockholder Equity	- 0.97	Net Debt
Net Debt	- 0.96	Total Stockholder Equity