Ningxia Historical Balance Sheet
000635 Stock | 8.32 0.22 2.58% |
Trend analysis of Ningxia Younglight Chemicals balance sheet accounts such as Other Current Liab of 12.7 M, Total Current Liabilities of 722.3 M or Total Stockholder Equity of 1.7 B provides information on Ningxia Younglight's total assets, liabilities, and equity, which is the actual value of Ningxia Younglight to its prevalent stockholders. By breaking down trends over time using Ningxia Younglight 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 Ningxia Younglight 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 Ningxia Younglight is a good buy for the upcoming year.
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About Ningxia Balance Sheet Analysis
Balance Sheet is a snapshot of the financial position of Ningxia Younglight at a specified time, usually calculated after every quarter, six months, or one year. Ningxia Younglight Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Ningxia Younglight 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 Ningxia currently owns. An asset can also be divided into two categories, current and non-current.
Ningxia Younglight Balance Sheet Chart
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Total Assets
Total assets refers to the total amount of Ningxia Younglight assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Ningxia Younglight books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.Total Current Liabilities
Total Current Liabilities is an item on Ningxia Younglight balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Ningxia Younglight Chemicals 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.Total Stockholder Equity
The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.Most accounts from Ningxia Younglight's balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts one by one will only give a small insight into Ningxia Younglight 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Ningxia Younglight Chemicals. 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. At present, Ningxia Younglight's Total Assets are projected to increase significantly based on the last few years of reporting. The current year's Total Stockholder Equity is expected to grow to about 1.7 B, whereas Other Current Liabilities is forecasted to decline to about 12.7 M.
2021 | 2022 | 2023 | 2024 (projected) | Other Current Liabilities | 92.0M | 94.0M | 13.4M | 12.7M | Total Assets | 3.1B | 2.7B | 2.7B | 3.0B |
Ningxia Younglight balance sheet Correlations
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Ningxia Younglight Account Relationship Matchups
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Ningxia Younglight balance sheet Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 3.1B | 3.1B | 3.1B | 2.7B | 2.7B | 3.0B | |
Other Current Liab | 125.5M | 143.5M | 92.0M | 94.0M | 13.4M | 12.7M | |
Total Current Liabilities | 412.4M | 427.8M | 393.0M | 427.8M | 791.3M | 722.3M | |
Total Stockholder Equity | 2.7B | 2.7B | 2.7B | 2.3B | 1.6B | 1.7B | |
Other Liab | 14.2M | 8.8M | 5.1M | 31.8M | 36.6M | 19.7M | |
Retained Earnings | 490.1M | 514.2M | 476.1M | 87.2M | (701.4M) | (666.3M) | |
Accounts Payable | 262.8M | 268.8M | 288.1M | 315.8M | 652.2M | 328.5M | |
Cash | 431.2M | 479.1M | 595.1M | 441.4M | 23.1M | 21.9M | |
Other Assets | 32.7M | 29.4M | 27.7M | 139.4M | 160.3M | 168.3M | |
Net Receivables | 844.3M | 1.2M | 805.7M | 2.5M | 13.3M | 12.6M | |
Inventory | 102.0M | 118.9M | 141.1M | 294.2M | 150.9M | 178.3M | |
Other Current Assets | 1.2M | 2.5M | 24.7M | 14.9M | 12.0M | 11.4M | |
Total Liab | 426.6M | 436.6M | 398.0M | 462.2M | 1.1B | 926.5M | |
Intangible Assets | 74.6M | 71.3M | 68.8M | 71.7M | 66.0M | 49.9M | |
Property Plant Equipment | 1.6B | 1.4B | 1.4B | 1.5B | 1.7B | 2.1B | |
Net Tangible Assets | 2.6B | 2.6B | 2.6B | 2.2B | 2.0B | 2.1B | |
Total Current Assets | 1.4B | 1.6B | 1.6B | 1.0B | 372.7M | 354.0M | |
Non Current Assets Total | 1.7B | 1.5B | 1.5B | 1.7B | 2.3B | 1.5B | |
Non Currrent Assets Other | 2.1B | 1.9B | 1.7B | 29.3M | 26.4M | 25.1M | |
Non Current Liabilities Total | 14.2M | 8.8M | 5.1M | 34.4M | 288.7M | 303.2M | |
Net Invested Capital | 2.7B | 2.7B | 2.7B | 2.3B | 1.8B | 2.0B | |
Net Working Capital | 966.3M | 1.2B | 1.2B | 585.8M | (418.7M) | (397.7M) |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Ningxia Stock
Balance Sheet is a snapshot of the financial position of Ningxia Younglight at a specified time, usually calculated after every quarter, six months, or one year. Ningxia Younglight Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Ningxia Younglight 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 Ningxia currently owns. An asset can also be divided into two categories, current and non-current.