Hainan Non Current Liabilities Total vs Non Current Assets Total Analysis

900945 Stock   0.29  0.01  3.57%   
Hainan Airlines financial indicator trend analysis is much more than just examining Hainan Airlines latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Hainan Airlines is a good investment. Please check the relationship between Hainan Airlines Non Current Liabilities Total and its Non Current Assets Total accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Hainan Airlines 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.

Non Current Liabilities Total vs Non Current Assets Total

Non Current Liabilities Total vs Non Current Assets Total Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Hainan Airlines Non Current Liabilities Total account and Non Current Assets Total. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Hainan Airlines' Non Current Liabilities Total and Non Current Assets Total is -0.35. Overlapping area represents the amount of variation of Non Current Liabilities Total that can explain the historical movement of Non Current Assets Total in the same time period over historical financial statements of Hainan Airlines Co, assuming nothing else is changed. The correlation between historical values of Hainan Airlines' Non Current Liabilities Total and Non Current Assets Total is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Non Current Liabilities Total of Hainan Airlines Co are associated (or correlated) with its Non Current Assets Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Assets Total has no effect on the direction of Non Current Liabilities Total i.e., Hainan Airlines' Non Current Liabilities Total and Non Current Assets Total go up and down completely randomly.

Correlation Coefficient

-0.35
Relationship DirectionNegative 
Relationship StrengthInsignificant

Non Current Liabilities Total

Non Current Assets Total

The total value of a company's long-term assets, which are not expected to be converted into cash or used up within one year or the operating cycle, including property, plant, and equipment, and intangible assets.
Most indicators from Hainan Airlines' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Hainan Airlines 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 Hainan Airlines 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 Selling General Administrative is expected to grow to about 2.1 B, whereas Tax Provision is forecasted to decline to (796.6 M).
 2021 2022 2023 2024 (projected)
Total Operating Expenses45.2B36.3B54.4B40.3B
Cost Of Revenue42.8B34.6B52.5B38.4B

Hainan Airlines fundamental ratios Correlations

-0.52-0.76-0.24-0.60.40.770.56-0.130.050.15-0.670.65-0.63-0.19-0.65-0.050.290.940.50.480.920.080.63-0.120.11
-0.520.860.670.94-0.03-0.58-0.160.55-0.56-0.140.93-0.50.850.810.72-0.490.39-0.71-0.1-0.36-0.70.4-0.590.210.02
-0.760.860.520.86-0.28-0.9-0.560.48-0.23-0.040.93-0.60.760.620.86-0.330.27-0.84-0.09-0.59-0.870.14-0.680.330.11
-0.240.670.520.70.5-0.36-0.260.810.010.50.440.160.760.750.73-0.610.53-0.360.07-0.66-0.390.60.050.70.56
-0.60.940.860.7-0.11-0.6-0.280.5-0.5-0.090.92-0.50.880.720.8-0.520.33-0.79-0.28-0.48-0.810.45-0.620.240.02
0.4-0.03-0.280.5-0.110.340.370.640.260.66-0.350.810.210.420.0-0.360.410.410.4-0.150.460.530.790.590.66
0.77-0.58-0.9-0.36-0.60.340.76-0.43-0.15-0.14-0.70.51-0.55-0.41-0.80.18-0.160.730.00.680.780.020.53-0.46-0.25
0.56-0.16-0.56-0.26-0.280.370.76-0.16-0.47-0.36-0.310.31-0.150.04-0.690.16-0.160.43-0.110.790.560.220.27-0.44-0.37
-0.130.550.480.810.50.64-0.43-0.160.160.670.330.30.70.870.66-0.660.68-0.180.41-0.63-0.170.660.260.870.77
0.05-0.56-0.230.01-0.50.26-0.15-0.470.160.73-0.570.53-0.32-0.320.040.15-0.040.310.33-0.430.26-0.190.60.60.64
0.15-0.14-0.040.5-0.090.66-0.14-0.360.670.73-0.310.640.10.220.38-0.50.550.290.57-0.70.230.40.710.910.97
-0.670.930.930.440.92-0.35-0.7-0.310.33-0.57-0.31-0.70.770.630.72-0.330.22-0.84-0.24-0.35-0.850.18-0.810.05-0.16
0.65-0.5-0.60.16-0.50.810.510.310.30.530.64-0.7-0.24-0.01-0.28-0.010.20.70.390.00.70.150.910.450.57
-0.630.850.760.760.880.21-0.55-0.150.7-0.320.10.77-0.240.820.76-0.440.25-0.76-0.27-0.5-0.710.53-0.340.430.2
-0.190.810.620.750.720.42-0.410.040.87-0.320.220.63-0.010.820.6-0.60.6-0.360.19-0.35-0.330.65-0.10.520.37
-0.650.720.860.730.80.0-0.8-0.690.660.040.380.72-0.280.760.6-0.570.47-0.680.05-0.89-0.750.31-0.340.640.48
-0.05-0.49-0.33-0.61-0.52-0.360.180.16-0.660.15-0.5-0.33-0.01-0.44-0.6-0.57-0.880.02-0.450.570.09-0.8-0.12-0.52-0.58
0.290.390.270.530.330.41-0.16-0.160.68-0.040.550.220.20.250.60.47-0.880.210.75-0.480.130.560.230.570.67
0.94-0.71-0.84-0.36-0.790.410.730.43-0.180.310.29-0.840.7-0.76-0.36-0.680.020.210.580.40.98-0.020.77-0.040.22
0.5-0.1-0.090.07-0.280.40.0-0.110.410.330.57-0.240.39-0.270.190.05-0.450.750.58-0.230.520.120.50.460.67
0.48-0.36-0.59-0.66-0.48-0.150.680.79-0.63-0.43-0.7-0.350.0-0.5-0.35-0.890.57-0.480.4-0.230.5-0.28-0.01-0.81-0.73
0.92-0.7-0.87-0.39-0.810.460.780.56-0.170.260.23-0.850.7-0.71-0.33-0.750.090.130.980.520.50.010.78-0.090.17
0.080.40.140.60.450.530.020.220.66-0.190.40.180.150.530.650.31-0.80.56-0.020.12-0.280.010.250.450.41
0.63-0.59-0.680.05-0.620.790.530.270.260.60.71-0.810.91-0.34-0.1-0.34-0.120.230.770.5-0.010.780.250.440.62
-0.120.210.330.70.240.59-0.46-0.440.870.60.910.050.450.430.520.64-0.520.57-0.040.46-0.81-0.090.450.440.94
0.110.020.110.560.020.66-0.25-0.370.770.640.97-0.160.570.20.370.48-0.580.670.220.67-0.730.170.410.620.94
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Hainan Airlines Account Relationship Matchups

Hainan Airlines fundamental ratios Accounts

201920202021202220232024 (projected)
Other Liab10.9B8.0B9.2B10.7B12.3B8.5B
Net Tangible Assets49.9B(30.1B)6.4B(1.2B)(1.1B)(1.1B)
Retained Earnings12.7B(51.7B)(49.3B)(74.2B)(76.5B)(72.7B)
Other Assets19.8B13.9B5.7B12.1B10.9B12.8B
Other Stockholder Equity4.3B(11.5B)(10.1B)(5.3B)(4.8B)(4.5B)
Deferred Long Term Liab1.4B1.4B1.2B1.0B1.2B1.4B
Property Plant Equipment67.9B56.5B97.7B89.5B102.9B85.5B
Total Assets196.5B164.6B143.3B138.1B134.0B132.7B
Other Current Liab8.7B112.3B6.0B4.7B133.0M126.4M
Total Current Liabilities130.7B178.9B23.1B30.8B32.9B62.3B
Total Stockholder Equity52.2B(28.4B)8.5B1.2B2.3B2.2B
Accounts Payable8.5B14.6B4.7B7.6B11.6B9.1B
Cash20.1B8.2B8.8B10.6B8.9B15.3B
Non Current Assets Total146.3B98.3B113.3B115.5B106.9B100.3B
Non Currrent Assets Other11.1B7.4B1.7B1.9B2.7B5.4B
Long Term Debt4.7B3.1B48.7B46.6B45.6B37.6B
Net Receivables29.8B2.4B2.1B1.1B2.6B2.5B
Short Term Investments10.2B4.6B5.2B277.8M442.3M420.2M
Non Current Liabilities Total14.2B8.0B109.2B106.8B99.5B62.0B
Inventory1.0B1.1B1.5B1.3B1.5B957.2M
Other Current Assets2.4B1.4B1.6B2.1B1.9B1.7B
Total Liab134.4B186.8B132.3B137.7B132.5B146.2B
Short Long Term Debt30.8B28.7B35.1B79.6M1.6B1.5B
Total Current Assets63.6B66.3B30.0B22.6B27.1B33.7B
Non Current Liabilities Other6.3B7.7B8.9B9.7B10.0B5.9B
Intangible Assets792.7M888.6M1.3B1.6B1.6B1.1B
Net Invested Capital83.3B6.8B57.2B47.9B49.5B51.7B
Net Working Capital(70.0B)(112.6B)6.9B(8.3B)(5.8B)(6.1B)

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Other Information on Investing in Hainan Stock

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