Qijing Historical Balance Sheet

603677 Stock   13.80  0.24  1.71%   
Trend analysis of Qijing Machinery balance sheet accounts such as Other Current Liab of 1.1 M, Total Current Liabilities of 657.9 M or Total Stockholder Equity of 773 M provides information on Qijing Machinery's total assets, liabilities, and equity, which is the actual value of Qijing Machinery to its prevalent stockholders. By breaking down trends over time using Qijing Machinery 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.
 
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Financial Statement Analysis is much more than just reviewing and examining Qijing Machinery 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 Qijing Machinery is a good buy for the upcoming year.

Qijing Machinery Inventory

327.31 Million

  
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Qijing Machinery. 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.

About Qijing Balance Sheet Analysis

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

Qijing Machinery Balance Sheet Chart

At present, Qijing Machinery's Other Liabilities is projected to increase significantly based on the last few years of reporting. The current year's Cash is expected to grow to about 435.1 M, whereas Total Assets are forecasted to decline to about 1.6 B.

Total Assets

Total assets refers to the total amount of Qijing Machinery 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 Qijing Machinery 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 Qijing Machinery balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Qijing Machinery 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 Qijing Machinery's balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts one by one will only give a small insight into Qijing Machinery 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 Qijing Machinery. 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, Qijing Machinery's Other Liabilities is projected to increase significantly based on the last few years of reporting. The current year's Cash is expected to grow to about 435.1 M, whereas Total Assets are forecasted to decline to about 1.6 B.
 2022 2023 2024 2025 (projected)
Other Current Liabilities1.4M1.3M1.2M1.1M
Total Assets2.0B2.1B2.5B1.6B

Qijing Machinery balance sheet Correlations

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-0.320.47-0.05-0.35-0.61-0.37-0.56-0.460.28-0.25-0.55-0.410.77-0.17-0.31-0.3-0.46-0.38-0.340.57-0.140.88-0.350.41-0.17
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Qijing Machinery Account Relationship Matchups

Qijing Machinery balance sheet Accounts

202020212022202320242025 (projected)
Total Assets1.8B2.1B2.0B2.1B2.5B1.6B
Other Current Liab4.6M3.9M1.4M1.3M1.2M1.1M
Total Current Liabilities473.4M630.6M554.5M951.5M1.1B657.9M
Total Stockholder Equity1.0B1.1B1.1B1.2B1.3B773.0M
Other Liab11.8M15.6M23.8M29.6M34.1M35.8M
Retained Earnings323.2M392.8M326.6M359.7M413.7M267.0M
Accounts Payable417.3M483.3M434.0M487.8M561.0M385.7M
Cash226.8M315.5M299.7M360.3M414.4M435.1M
Other Assets22.7M18.3M20.0M22.1M19.9M16.8M
Net Receivables396.9M448.4M427.1M504.7M580.4M439.1M
Short Term Investments70M2.7M40.6M80.6M92.7M47.5M
Inventory330.5M446.1M407.3M393.7M452.8M327.3M
Other Current Assets30.6M35.5M4.7M5.7M6.5M6.2M
Total Liab770.3M949.1M893.0M987.5M1.1B789.4M
Intangible Assets82.6M81.1M81.7M95.5M109.8M82.5M
Common Stock196.2M193.6M192.1M192.1M221.0M117.0M
Property Plant Equipment459.0M546.8M569.4M609.2M700.6M372.2M
Net Tangible Assets965.5M989.7M955.2M1.0B1.2B939.4M
Non Current Assets Total672.3M712.4M702.5M699.9M804.9M678.0M
Non Currrent Assets Other570.7M2.1M626.6K580.9K522.8K496.6K
Non Current Liabilities Total296.9M318.4M338.5M36.0M41.4M39.3M
Short Long Term Debt16.0M99.7M68.0M95.1M85.6M76.2M
Total Current Assets1.1B1.3B1.3B1.4B1.7B1.3B
Common Stock Shares Outstanding192.1M192.1M192.1M192.1M172.9M154.8M
Net Invested Capital1.3B1.5B1.5B1.3B1.4B1.5B
Net Working Capital662.5M712.9M752.1M493.2M567.2M681.1M
Net Debt187.8M62.3M71.9M70.2M63.2M116.6M
Long Term Debt258.1M273.1M287.8M301.9M347.2M300.1M
Capital Stock192.1M192.1M192.1M192.1M172.9M154.4M
Property Plant And Equipment Net569.4M609.2M599.9M590.6M679.2M641.5M
Property Plant And Equipment Gross934.9M1.0B1.1B1.1B1.3B1.1B

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Other Information on Investing in Qijing Stock

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