360 Historical Balance Sheet
QFIN Stock | USD 33.85 0.68 1.97% |
Trend analysis of 360 Finance balance sheet accounts such as Total Stockholder Equity of 23 B, Other Liab of 5.6 B, Net Tangible Assets of 21.5 B or Property Plant And Equipment Net of 242.8 M provides information on 360 Finance's total assets, liabilities, and equity, which is the actual value of 360 Finance to its prevalent stockholders. By breaking down trends over time using 360 Finance balance sheet statements, investors will see what precisely the company owns and what it owes to creditors or other parties at the end of each accounting year.
Financial Statement Analysis is much more than just reviewing and examining 360 Finance latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether 360 Finance is a good buy for the upcoming year.
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About 360 Balance Sheet Analysis
Balance Sheet is a snapshot of the financial position of 360 Finance at a specified time, usually calculated after every quarter, six months, or one year. 360 Finance Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of 360 Finance 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 360 currently owns. An asset can also be divided into two categories, current and non-current.
360 Finance Balance Sheet Chart
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Total Current Liabilities
Total Current Liabilities is an item on 360 Finance balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of 360 Finance are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.Property Plant And Equipment Net
The total value of a company's physical assets (such as land, buildings, and equipment) used in operations, net of depreciation. It reflects the company's investment in assets used for production.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.Retained Earnings Total Equity
The portion of total equity that consists of earnings retained by the company, reinvested in its core business or used to pay debt.Capital Stock
The total amount of a company's capital funded by shareholders through the issue and subscription of shares.Most accounts from 360 Finance's balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts one by one will only give a small insight into 360 Finance current financial condition. On the other hand, looking into the entire matrix of balance sheet accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in 360 Finance. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product. To learn how to invest in 360 Stock, please use our How to Invest in 360 Finance guide.At this time, 360 Finance's Retained Earnings are very stable compared to the past year. As of the 26th of November 2024, Accounts Payable is likely to grow to about 57.2 M, while Total Assets are likely to drop about 24 B.
2021 | 2022 | 2023 | 2024 (projected) | Non Current Assets Total | 1.0B | 1.1B | 6.0B | 6.3B | Cash | 6.1B | 7.2B | 4.2B | 3.6B |
360 Finance balance sheet Correlations
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360 Finance Account Relationship Matchups
High Positive Relationship
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360 Finance balance sheet Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 20.4B | 24.4B | 33.5B | 40.3B | 45.8B | 24.0B | |
Short Long Term Debt Total | 200M | 186.8M | 397.6M | 150M | 827.7M | 869.1M | |
Other Current Liab | (200M) | (1.7B) | (1.3B) | (1.0B) | (1.7B) | (1.6B) | |
Total Current Liabilities | 200M | 186.8M | 397.6M | 150M | 34.2B | 35.9B | |
Total Stockholder Equity | 7.2B | 9.5B | 15.2B | 18.8B | 21.9B | 23.0B | |
Other Liab | 3.4B | 1.5B | 4.1B | 4.7B | 5.4B | 5.6B | |
Net Tangible Assets | 7.2B | 9.5B | 14.2B | 17.8B | 20.5B | 21.5B | |
Property Plant And Equipment Net | 17.1M | 19.4M | 24.9M | 47.6M | 231.2M | 242.8M | |
Net Debt | (1.9B) | (4.2B) | (5.7B) | (7.0B) | (3.4B) | (3.5B) | |
Retained Earnings | 2.1B | 4.1B | 9.6B | 12.8B | 16.3B | 17.1B | |
Accounts Payable | 14.6M | 0.09 | 41.9M | 47.4M | 54.5M | 57.2M | |
Cash | 2.1B | 4.4B | 6.1B | 7.2B | 4.2B | 3.6B | |
Non Current Assets Total | 20.6M | 22.8M | 1.0B | 1.1B | 6.0B | 6.3B | |
Non Currrent Assets Other | (20.6M) | (22.8M) | (1.0B) | (1.0B) | (1.3B) | (1.2B) | |
Other Assets | 13.3B | 12.7B | 17.5B | 23.6B | (4.9B) | (4.6B) | |
Cash And Short Term Investments | 2.1B | 4.4B | 6.1B | 7.2B | 4.2B | 3.6B | |
Net Receivables | 4.9B | 1.2B | 3.8B | 3.3B | 7.8B | 8.2B | |
Common Stock Shares Outstanding | 150.5M | 153.3M | 160.7M | 161.0M | 164.3M | 136.2M | |
Liabilities And Stockholders Equity | 20.4B | 24.4B | 33.5B | 40.3B | 45.8B | 24.0B | |
Non Current Liabilities Total | 3.5B | 37.8M | 121.4M | 150M | 3.8B | 4.0B | |
Capital Lease Obligations | 21.0M | 28.5M | 25.8M | 30.7M | 29.1M | 18.6M | |
Inventory | (15.1B) | (15.1B) | (18.5B) | (25.8B) | (4.9B) | (5.1B) | |
Other Current Assets | 15.1B | 15.5B | 18.9B | 26.2B | 32.6B | 34.3B | |
Other Stockholder Equity | 5.1B | 5.4B | 5.7B | 6.1B | 5.7B | 4.6B | |
Total Liab | 200M | 14.9B | 18.3B | 21.4B | 23.8B | 25.0B | |
Short Long Term Debt | 200M | 186.8M | 397.6M | 150M | 798.6M | 838.5M | |
Total Current Assets | 7.0B | 11.7B | 15.0B | 15.6B | 44.7B | 46.9B | |
Accumulated Other Comprehensive Income | 24.9M | (74.4M) | (110.9M) | (51.8M) | (34.7M) | (36.4M) | |
Short Term Debt | 200M | 215.3M | 423.4M | 180.7M | 827.7M | 869.1M | |
Intangible Assets | 3.5M | 3.4M | 1.0B | 1.0B | 990.9M | 1.0B | |
Common Stock | 590M | 20K | 21K | 22K | 19.8K | 18.8K | |
Property Plant Equipment | 17.1M | 19.4M | 67.5M | 47.6M | 54.7M | 57.5M |
Pair Trading with 360 Finance
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if 360 Finance position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in 360 Finance will appreciate offsetting losses from the drop in the long position's value.Moving together with 360 Stock
0.62 | DIST | Distoken Acquisition | PairCorr |
0.79 | AB | AllianceBernstein | PairCorr |
0.86 | AC | Associated Capital | PairCorr |
Moving against 360 Stock
0.68 | XP | Xp Inc | PairCorr |
0.67 | RM | Regional Management Corp | PairCorr |
0.58 | PT | Pintec Technology | PairCorr |
0.52 | WU | Western Union | PairCorr |
0.36 | DMYY | dMY Squared Technology | PairCorr |
The ability to find closely correlated positions to 360 Finance could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace 360 Finance when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back 360 Finance - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling 360 Finance to buy it.
The correlation of 360 Finance is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as 360 Finance moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if 360 Finance moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for 360 Finance can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in 360 Finance. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product. To learn how to invest in 360 Stock, please use our How to Invest in 360 Finance guide.You can also try the Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.
Is Consumer Finance space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of 360 Finance. If investors know 360 will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about 360 Finance listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.343 | Earnings Share 4.85 | Revenue Per Share 109.127 | Quarterly Revenue Growth 0.063 | Return On Assets 0.107 |
The market value of 360 Finance is measured differently than its book value, which is the value of 360 that is recorded on the company's balance sheet. Investors also form their own opinion of 360 Finance's value that differs from its market value or its book value, called intrinsic value, which is 360 Finance's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because 360 Finance's market value can be influenced by many factors that don't directly affect 360 Finance's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between 360 Finance's value and its price as these two are different measures arrived at by different means. Investors typically determine if 360 Finance is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, 360 Finance's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.