Guoguang Net Debt vs Inventory Analysis

688776 Stock

59.97 1.23 2.09%

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

Net Debt vs Inventory Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Guoguang Electric Net Debt account and Inventory. At this time, the significance of the direction appears to have no relationship.

The correlation between Guoguang Electric's Net Debt and Inventory is 0.07. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Inventory in the same time period over historical financial statements of Guoguang Electric Co, assuming nothing else is changed. The correlation between historical values of Guoguang Electric's Net Debt and Inventory 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 Guoguang Electric Co are associated (or correlated) with its Inventory. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Inventory has no effect on the direction of Net Debt i.e., Guoguang Electric's Net Debt and Inventory go up and down completely randomly.

Correlation Coefficient

0.07

Relationship Direction	Positive
Relationship Strength	Insignificant

View All Relationships

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.

Inventory

Most indicators from Guoguang Electric's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Guoguang Electric 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 Guoguang Electric Co. 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 17.3 M, whereas Selling General Administrative is forecasted to decline to about 19.2 M.

	2021	2022	2023	2024 (projected)
Interest Expense	1.5M	1.2M	416.0K	395.2K
Depreciation And Amortization	34.8M	42.7M	49.1M	31.6M

Interest Expense Depreciation And Amortization

Guoguang Electric 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	Short Term Investments	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Intangible Assets	Common Stock	Net Receivables	Net Invested Capital
Total Assets		-0.44	-0.76	0.9	1.0	0.35	-0.92	0.88	0.95	0.96	-0.31	-0.42	0.93	0.76	-0.4	-0.21	0.24	-0.09	0.99	0.9	0.99	-0.45	-0.52	0.92	0.94	0.97
Short Long Term Debt Total	-0.44		0.88	-0.11	-0.48	0.22	0.67	-0.53	-0.55	-0.61	0.95	1.0	-0.55	-0.22	0.99	0.32	0.73	0.34	-0.47	-0.12	-0.54	1.0	0.98	-0.12	-0.65	-0.64
Other Current Liab	-0.76	0.88		-0.55	-0.78	-0.1	0.85	-0.78	-0.86	-0.83	0.75	0.87	-0.78	-0.57	0.87	0.3	0.35	0.37	-0.77	-0.56	-0.82	0.89	0.91	-0.5	-0.91	-0.88
Total Current Liabilities	0.9	-0.11	-0.55		0.87	0.62	-0.69	0.8	0.88	0.75	0.06	-0.08	0.77	0.84	-0.07	-0.15	0.57	-0.2	0.85	1.0	0.84	-0.13	-0.22	0.94	0.82	0.78
Total Stockholder Equity	1.0	-0.48	-0.78	0.87		0.3	-0.94	0.87	0.95	0.98	-0.36	-0.46	0.93	0.73	-0.45	-0.22	0.18	-0.07	0.99	0.87	1.0	-0.5	-0.56	0.9	0.94	0.98
Property Plant And Equipment Net	0.35	0.22	-0.1	0.62	0.3		-0.08	0.44	0.42	0.11	0.46	0.25	0.28	0.85	0.27	-0.08	0.64	-0.42	0.31	0.63	0.26	0.21	0.16	0.62	0.36	0.22
Net Debt	-0.92	0.67	0.85	-0.69	-0.94	-0.08		-0.89	-0.87	-0.98	0.61	0.66	-0.97	-0.56	0.62	0.42	0.07	0.08	-0.92	-0.7	-0.96	0.68	0.76	-0.73	-0.92	-0.98
Retained Earnings	0.88	-0.53	-0.78	0.8	0.87	0.44	-0.89		0.89	0.83	-0.42	-0.5	0.95	0.76	-0.44	-0.61	0.16	-0.39	0.82	0.82	0.88	-0.54	-0.66	0.79	0.93	0.91
Accounts Payable	0.95	-0.55	-0.86	0.88	0.95	0.42	-0.87	0.89		0.91	-0.38	-0.53	0.87	0.81	-0.52	-0.2	0.13	-0.35	0.93	0.88	0.96	-0.57	-0.62	0.84	0.98	0.94
Cash	0.96	-0.61	-0.83	0.75	0.98	0.11	-0.98	0.83	0.91		-0.53	-0.6	0.93	0.6	-0.59	-0.24	-0.02	-0.02	0.97	0.74	0.98	-0.63	-0.68	0.79	0.93	0.98
Non Current Assets Total	-0.31	0.95	0.75	0.06	-0.36	0.46	0.61	-0.42	-0.38	-0.53		0.95	-0.47	0.04	0.92	0.41	0.8	0.23	-0.33	0.05	-0.43	0.94	0.94	0.04	-0.5	-0.53
Non Currrent Assets Other	-0.42	1.0	0.87	-0.08	-0.46	0.25	0.66	-0.5	-0.53	-0.6	0.95		-0.53	-0.19	0.99	0.31	0.75	0.31	-0.46	-0.09	-0.53	1.0	0.97	-0.1	-0.64	-0.63
Cash And Short Term Investments	0.93	-0.55	-0.78	0.77	0.93	0.28	-0.97	0.95	0.87	0.93	-0.47	-0.53		0.68	-0.48	-0.54	0.1	-0.12	0.9	0.78	0.93	-0.56	-0.67	0.82	0.92	0.96
Common Stock Shares Outstanding	0.76	-0.22	-0.57	0.84	0.73	0.85	-0.56	0.76	0.81	0.6	0.04	-0.19	0.68		-0.18	-0.15	0.4	-0.36	0.74	0.85	0.71	-0.24	-0.29	0.86	0.78	0.68
Short Term Investments	-0.4	0.99	0.87	-0.07	-0.45	0.27	0.62	-0.44	-0.52	-0.59	0.92	0.99	-0.48	-0.18		0.19	0.76	0.27	-0.45	-0.08	-0.51	0.99	0.94	-0.07	-0.61	-0.6
Non Current Liabilities Total	-0.21	0.32	0.3	-0.15	-0.22	-0.08	0.42	-0.61	-0.2	-0.24	0.41	0.31	-0.54	-0.15	0.19		0.05	0.3	-0.12	-0.18	-0.23	0.31	0.48	-0.16	-0.34	-0.34
Inventory	0.24	0.73	0.35	0.57	0.18	0.64	0.07	0.16	0.13	-0.02	0.8	0.75	0.1	0.4	0.76	0.05		0.07	0.16	0.57	0.11	0.72	0.63	0.52	0.02	0.01
Other Current Assets	-0.09	0.34	0.37	-0.2	-0.07	-0.42	0.08	-0.39	-0.35	-0.02	0.23	0.31	-0.12	-0.36	0.27	0.3	0.07		-0.01	-0.22	-0.11	0.34	0.37	-0.01	-0.33	-0.16
Other Stockholder Equity	0.99	-0.47	-0.77	0.85	0.99	0.31	-0.92	0.82	0.93	0.97	-0.33	-0.46	0.9	0.74	-0.45	-0.12	0.16	-0.01		0.85	0.99	-0.49	-0.53	0.9	0.93	0.96
Total Liab	0.9	-0.12	-0.56	1.0	0.87	0.63	-0.7	0.82	0.88	0.74	0.05	-0.09	0.78	0.85	-0.08	-0.18	0.57	-0.22	0.85		0.84	-0.14	-0.23	0.94	0.82	0.79
Total Current Assets	0.99	-0.54	-0.82	0.84	1.0	0.26	-0.96	0.88	0.96	0.98	-0.43	-0.53	0.93	0.71	-0.51	-0.23	0.11	-0.11	0.99	0.84		-0.56	-0.62	0.86	0.96	0.99
Short Term Debt	-0.45	1.0	0.89	-0.13	-0.5	0.21	0.68	-0.54	-0.57	-0.63	0.94	1.0	-0.56	-0.24	0.99	0.31	0.72	0.34	-0.49	-0.14	-0.56		0.98	-0.14	-0.67	-0.65
Intangible Assets	-0.52	0.98	0.91	-0.22	-0.56	0.16	0.76	-0.66	-0.62	-0.68	0.94	0.97	-0.67	-0.29	0.94	0.48	0.63	0.37	-0.53	-0.23	-0.62	0.98		-0.22	-0.73	-0.72
Common Stock	0.92	-0.12	-0.5	0.94	0.9	0.62	-0.73	0.79	0.84	0.79	0.04	-0.1	0.82	0.86	-0.07	-0.16	0.52	-0.01	0.9	0.94	0.86	-0.14	-0.22		0.8	0.81
Net Receivables	0.94	-0.65	-0.91	0.82	0.94	0.36	-0.92	0.93	0.98	0.93	-0.5	-0.64	0.92	0.78	-0.61	-0.34	0.02	-0.33	0.93	0.82	0.96	-0.67	-0.73	0.8		0.97
Net Invested Capital	0.97	-0.64	-0.88	0.78	0.98	0.22	-0.98	0.91	0.94	0.98	-0.53	-0.63	0.96	0.68	-0.6	-0.34	0.01	-0.16	0.96	0.79	0.99	-0.65	-0.72	0.81	0.97

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Guoguang Electric Account Relationship Matchups

Guoguang Electric fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	772.6M	871.4M	2.0B	2.2B	2.4B	1.6B
Other Current Liab	91.3M	75.0M	68.2M	46.0M	41.4M	61.5M
Total Current Liabilities	147.7M	213.0M	286.3M	394.1M	417.7M	297.0M
Total Stockholder Equity	515.0M	552.2M	1.6B	1.7B	1.8B	1.2B
Property Plant And Equipment Net	154.4M	146.0M	135.8M	165.3M	218.8M	179.9M
Net Debt	(105.8M)	(121.8M)	(1.1B)	(957.9M)	(862.1M)	(819.0M)
Retained Earnings	85.3M	120.8M	275.9M	392.1M	473.3M	497.0M
Accounts Payable	56.4M	108.0M	187.5M	317.1M	358.6M	180.9M
Cash	105.8M	151.8M	1.1B	989.9M	980.3M	554.5M
Non Current Assets Total	183.1M	171.7M	166.0M	224.0M	268.6M	181.7M
Non Currrent Assets Other	13.1M	9.2M	13.0M	36.3M	15.5M	14.7M
Cash And Short Term Investments	132.7M	151.8M	1.1B	989.9M	1.1B	1.2B
Common Stock Shares Outstanding	58.4M	58.2M	64.4M	77.4M	108.4M	78.1M
Liabilities And Stockholders Equity	772.6M	871.4M	2.0B	2.2B	2.6B	1.4B
Non Current Liabilities Total	109.8M	106.2M	106.8M	110.4M	109.7M	87.6M
Inventory	158.3M	163.7M	195.3M	248.9M	245.4M	224.3M
Other Current Assets	108.0K	2.5M	561.3M	6.2M	1.9M	1.8M
Other Stockholder Equity	371.6M	373.4M	1.3B	1.3B	1.5B	782.7M
Total Liab	257.6M	319.2M	393.0M	504.5M	527.5M	417.4M
Total Current Assets	589.5M	699.7M	1.9B	2.0B	2.1B	1.3B
Intangible Assets	7.2M	7.0M	6.8M	6.8M	6.7M	5.9M

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Other Information on Investing in Guoguang Stock

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

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Guoguang Net Debt vs Inventory Analysis

Net Debt vs Inventory

Net Debt vs Inventory Correlation Analysis

Correlation Coefficient

Net Debt

Inventory

Guoguang Electric fundamental ratios Correlations

Guoguang Electric Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Guoguang Electric fundamental ratios Accounts

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Other Information on Investing in Guoguang Stock

COMMON DESTINATIONS

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COMPANY

Total Stockholder Equity	+ 1.0	Total Assets
Non Currrent Assets Other	+ 1.0	Short Long Term Debt Total
Short Term Debt	+ 1.0	Short Long Term Debt Total
Total Liab	+ 1.0	Total Current Liabilities
Total Current Assets	+ 1.0	Total Stockholder Equity
Short Term Debt	+ 1.0	Non Currrent Assets Other

Net Invested Capital	- 0.98	Net Debt
Cash	- 0.98	Net Debt
Cash And Short Term Investments	- 0.97	Net Debt
Total Current Assets	- 0.96	Net Debt
Net Debt	- 0.94	Total Stockholder Equity
Net Receivables	- 0.92	Net Debt