Shanghai Net Tangible Assets vs Long Term Debt Analysis

900914 Stock

0.70 0.02 2.78%

Shanghai Jin financial indicator trend analysis is much more than just breaking down Shanghai Jin Jiang prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Shanghai Jin Jiang is a good investment. Please check the relationship between Shanghai Jin Net Tangible 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 Jin Jiang. 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.

Net Tangible Assets vs Long Term Debt

Net Tangible 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 Jin Jiang Net Tangible Assets account and Long Term Debt. At this time, the significance of the direction appears to have strong relationship.

The correlation between Shanghai Jin's Net Tangible Assets and Long Term Debt is 0.78. Overlapping area represents the amount of variation of Net Tangible Assets that can explain the historical movement of Long Term Debt in the same time period over historical financial statements of Shanghai Jin Jiang, assuming nothing else is changed. The correlation between historical values of Shanghai Jin's Net Tangible 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 Net Tangible Assets of Shanghai Jin Jiang 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 Net Tangible Assets i.e., Shanghai Jin's Net Tangible Assets and Long Term Debt go up and down completely randomly.

Correlation Coefficient

0.78

Relationship Direction	Positive
Relationship Strength	Significant

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Net Tangible Assets

The total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company.

Long Term Debt

Long-term debt is a debt that Shanghai Jin Jiang has held for over one year. Long-term debt appears on Shanghai Jin Jiang 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 Jin Jiang 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 Jin's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Shanghai Jin Jiang 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 Jin Jiang. 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 173.9 M, whereas Tax Provision is forecasted to decline to about 10.8 M.

	2021	2022	2023	2024 (projected)
Gross Profit	383.2M	148.1M	336.6M	292.7M
Total Revenue	2.7B	2.1B	1.9B	1.9B

Gross Profit Total Revenue

Shanghai Jin fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Retained Earnings	Accounts Payable	Cash	Other Assets	Net Receivables	Short Term Investments	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Deferred Long Term Liab	Long Term Investments	Total Current Assets	Intangible Assets	Common Stock	Property Plant Equipment	Non Current Assets Total	Non Currrent Assets Other	Long Term Debt	Non Current Liabilities Total
Total Assets		-0.08	0.74	0.85	-0.06	0.68	0.49	0.15	0.65	-0.16	0.5	0.25	0.29	-0.3	-0.19	0.75	0.52	-0.06	0.65	0.45	-0.46	-0.48	-0.49	-0.46	0.76	0.4
Other Current Liab	-0.08		0.48	-0.44	0.71	-0.56	-0.39	0.39	-0.22	0.38	-0.43	-0.26	-0.24	0.24	0.58	0.48	-0.35	0.73	-0.26	-0.47	0.85	0.58	0.59	-0.07	-0.5	-0.27
Total Current Liabilities	0.74	0.48		0.4	0.2	0.11	0.29	0.47	0.46	0.22	0.22	0.24	0.31	-0.06	0.0	0.9	0.06	0.15	0.49	0.13	0.04	-0.21	-0.28	-0.19	0.35	0.09
Total Stockholder Equity	0.85	-0.44	0.4		-0.44	0.91	0.72	-0.1	0.83	-0.46	0.73	0.28	0.3	-0.62	-0.5	0.33	0.66	-0.36	0.75	0.82	-0.67	-0.67	-0.68	-0.4	0.87	0.24
Other Liab	-0.06	0.71	0.2	-0.44		-0.41	-0.82	-0.09	-0.62	0.28	-0.79	-0.56	-0.63	0.29	0.95	0.48	-0.3	0.96	-0.65	-0.7	0.55	0.79	0.83	-0.26	-0.6	0.06
Net Tangible Assets	0.68	-0.56	0.11	0.91	-0.41		0.6	-0.2	0.72	-0.45	0.65	0.25	0.2	-0.57	-0.47	0.11	0.7	-0.33	0.64	0.79	-0.63	-0.62	-0.52	-0.36	0.78	0.27
Retained Earnings	0.49	-0.39	0.29	0.72	-0.82	0.6		0.38	0.92	-0.3	0.97	0.61	0.69	-0.41	-0.92	0.01	0.45	-0.75	0.95	0.82	-0.41	-0.84	-0.84	0.01	0.82	0.09
Accounts Payable	0.15	0.39	0.47	-0.1	-0.09	-0.2	0.38		0.28	0.46	0.33	0.5	0.61	0.48	-0.31	0.29	-0.09	-0.17	0.5	-0.15	0.45	-0.29	-0.14	0.14	0.23	0.18
Cash	0.65	-0.22	0.46	0.83	-0.62	0.72	0.92	0.28		-0.25	0.88	0.53	0.59	-0.53	-0.74	0.19	0.55	-0.51	0.94	0.88	-0.35	-0.78	-0.75	-0.12	0.79	-0.06
Other Assets	-0.16	0.38	0.22	-0.46	0.28	-0.45	-0.3	0.46	-0.25		-0.34	0.41	0.41	0.81	0.22	0.14	-0.16	0.16	-0.11	-0.56	0.4	-0.01	0.15	0.37	-0.27	-0.32
Net Receivables	0.5	-0.43	0.22	0.73	-0.79	0.65	0.97	0.33	0.88	-0.34		0.64	0.66	-0.37	-0.88	-0.01	0.6	-0.73	0.91	0.8	-0.41	-0.78	-0.79	0.04	0.82	0.18
Short Term Investments	0.25	-0.26	0.24	0.28	-0.56	0.25	0.61	0.5	0.53	0.41	0.64		0.94	0.25	-0.67	0.0	0.5	-0.64	0.68	0.32	-0.19	-0.72	-0.67	0.59	0.43	-0.09
Inventory	0.29	-0.24	0.31	0.3	-0.63	0.2	0.69	0.61	0.59	0.41	0.66	0.94		0.26	-0.72	0.01	0.39	-0.69	0.75	0.31	-0.2	-0.82	-0.74	0.43	0.52	-0.09
Other Current Assets	-0.3	0.24	-0.06	-0.62	0.29	-0.57	-0.41	0.48	-0.53	0.81	-0.37	0.25	0.26		0.28	-0.01	-0.2	0.15	-0.3	-0.79	0.4	0.16	0.32	0.26	-0.29	0.09
Other Stockholder Equity	-0.19	0.58	0.0	-0.5	0.95	-0.47	-0.92	-0.31	-0.74	0.22	-0.88	-0.67	-0.72	0.28		0.3	-0.31	0.93	-0.81	-0.73	0.45	0.84	0.85	-0.27	-0.67	-0.03
Total Liab	0.75	0.48	0.9	0.33	0.48	0.11	0.01	0.29	0.19	0.14	-0.01	0.0	0.01	-0.01	0.3		0.06	0.4	0.22	-0.08	0.03	0.06	-0.02	-0.33	0.23	0.34
Deferred Long Term Liab	0.52	-0.35	0.06	0.66	-0.3	0.7	0.45	-0.09	0.55	-0.16	0.6	0.5	0.39	-0.2	-0.31	0.06		-0.2	0.49	0.53	-0.35	-0.47	-0.38	-0.03	0.53	0.04
Long Term Investments	-0.06	0.73	0.15	-0.36	0.96	-0.33	-0.75	-0.17	-0.51	0.16	-0.73	-0.64	-0.69	0.15	0.93	0.4	-0.2		-0.62	-0.56	0.6	0.79	0.86	-0.39	-0.56	-0.07
Total Current Assets	0.65	-0.26	0.49	0.75	-0.65	0.64	0.95	0.5	0.94	-0.11	0.91	0.68	0.75	-0.3	-0.81	0.22	0.49	-0.62		0.73	-0.33	-0.86	-0.8	-0.03	0.84	0.13
Intangible Assets	0.45	-0.47	0.13	0.82	-0.7	0.79	0.82	-0.15	0.88	-0.56	0.8	0.32	0.31	-0.79	-0.73	-0.08	0.53	-0.56	0.73		-0.54	-0.65	-0.71	-0.08	0.68	-0.11
Common Stock	-0.46	0.85	0.04	-0.67	0.55	-0.63	-0.41	0.45	-0.35	0.4	-0.41	-0.19	-0.2	0.4	0.45	0.03	-0.35	0.6	-0.33	-0.54		0.58	0.72	0.1	-0.61	-0.29
Property Plant Equipment	-0.48	0.58	-0.21	-0.67	0.79	-0.62	-0.84	-0.29	-0.78	-0.01	-0.78	-0.72	-0.82	0.16	0.84	0.06	-0.47	0.79	-0.86	-0.65	0.58		0.9	-0.08	-0.79	-0.03
Non Current Assets Total	-0.49	0.59	-0.28	-0.68	0.83	-0.52	-0.84	-0.14	-0.75	0.15	-0.79	-0.67	-0.74	0.32	0.85	-0.02	-0.38	0.86	-0.8	-0.71	0.72	0.9		-0.21	-0.74	-0.03
Non Currrent Assets Other	-0.46	-0.07	-0.19	-0.4	-0.26	-0.36	0.01	0.14	-0.12	0.37	0.04	0.59	0.43	0.26	-0.27	-0.33	-0.03	-0.39	-0.03	-0.08	0.1	-0.08	-0.21		-0.37	-0.37
Long Term Debt	0.76	-0.5	0.35	0.87	-0.6	0.78	0.82	0.23	0.79	-0.27	0.82	0.43	0.52	-0.29	-0.67	0.23	0.53	-0.56	0.84	0.68	-0.61	-0.79	-0.74	-0.37		0.42
Non Current Liabilities Total	0.4	-0.27	0.09	0.24	0.06	0.27	0.09	0.18	-0.06	-0.32	0.18	-0.09	-0.09	0.09	-0.03	0.34	0.04	-0.07	0.13	-0.11	-0.29	-0.03	-0.03	-0.37	0.42

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Shanghai Jin Account Relationship Matchups

Shanghai Jin fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	4.9B	5.2B	5.2B	5.3B	5.1B	5.4B
Other Current Liab	295.8M	407.9M	333.3M	506.9M	7.3M	7.0M
Total Current Liabilities	668.1M	871.5M	760.3M	921.3M	589.7M	779.3M
Total Stockholder Equity	3.5B	3.5B	3.6B	3.9B	3.9B	3.9B
Other Liab	311.0M	359.4M	354.0M	302.1M	271.9M	273.6M
Net Tangible Assets	3.2B	3.2B	3.3B	3.4B	3.9B	3.5B
Retained Earnings	1.8B	1.9B	2.0B	2.5B	2.2B	2.0B
Accounts Payable	147.1M	207.3M	193.7M	149.4M	68.3M	64.9M
Cash	1.2B	1.3B	1.1B	2.0B	1.6B	1.3B
Other Assets	96.9M	95.7M	63.2M	57.2M	51.5M	59.8M
Net Receivables	149.1M	133.8M	174.1M	195.8M	184.5M	159.2M
Short Term Investments	91.6M	78.1M	71.7M	69.5M	72.9M	66.0M
Inventory	192.6M	187.9M	154.8M	165.0M	141.7M	163.5M
Other Current Assets	75.1M	62.4M	63.9M	23.3M	28.1M	41.0M
Other Stockholder Equity	759.8M	712.4M	727.8M	542.6M	488.3M	623.9M
Total Liab	976.8M	1.2B	1.2B	1.2B	949.8M	1.2B
Deferred Long Term Liab	7.9M	5.5M	7.2M	7.3M	8.4M	7.1M
Total Current Assets	1.7B	2.1B	1.9B	2.4B	2.1B	1.8B
Intangible Assets	310.9M	307.4M	302.4M	423.7M	424.9M	366.6M
Property Plant Equipment	841.9M	783.1M	989.5M	872.1M	784.9M	769.0M
Non Current Assets Total	3.2B	3.1B	3.3B	2.9B	3.0B	2.5B
Non Currrent Assets Other	28.5M	33.3M	5.8M	5.9M	26.4M	25.1M
Long Term Debt	3.8M	1.3M	25M	30.2M	34.8M	36.5M
Non Current Liabilities Total	311.0M	359.4M	446.4M	307.3M	360.2M	380.9M
Short Long Term Debt	78.9M	72.5M	52.9M	91.1M	20M	19M
Non Current Liabilities Other	14.7M	1.3M	7.1M	1.0M	8.4M	6.4M
Net Invested Capital	3.6B	3.6B	3.6B	3.9B	4.0B	4.0B
Net Working Capital	1.0B	1.2B	1.1B	1.5B	1.5B	1.2B

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Balance Sheet is a snapshot of the financial position of Shanghai Jin Jiang at a specified time, usually calculated after every quarter, six months, or one year. Shanghai Jin Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Shanghai Jin 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 Net Tangible Assets vs Long Term Debt Analysis

Net Tangible Assets vs Long Term Debt

Net Tangible Assets vs Long Term Debt Correlation Analysis

Correlation Coefficient

Net Tangible Assets

Long Term Debt

Shanghai Jin fundamental ratios Correlations

Shanghai Jin Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Shanghai Jin fundamental ratios Accounts

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Other Information on Investing in Shanghai Stock

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Net Receivables	+ 0.97	Retained Earnings
Long Term Investments	+ 0.96	Other Liab
Other Stockholder Equity	+ 0.95	Other Liab
Total Current Assets	+ 0.95	Retained Earnings
Total Current Assets	+ 0.94	Cash
Inventory	+ 0.94	Short Term Investments

Other Stockholder Equity	- 0.92	Retained Earnings
Other Stockholder Equity	- 0.88	Net Receivables
Property Plant Equipment	- 0.86	Total Current Assets
Non Current Assets Total	- 0.84	Retained Earnings
Property Plant Equipment	- 0.84	Retained Earnings
Property Plant Equipment	- 0.82	Inventory