Zangge Long Term Debt vs Net Receivables Analysis

000408 Stock

27.08 0.01 0.04%

Zangge Holding financial indicator trend analysis is more than just analyzing Zangge Holding current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Zangge Holding is a good investment. Please check the relationship between Zangge Holding Long Term Debt and its Net Receivables accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Zangge Holding 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 board of governors.

Long Term Debt vs Net Receivables

Long Term Debt vs Net Receivables Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Zangge Holding Long Term Debt account and Net Receivables. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Zangge Holding's Long Term Debt and Net Receivables is -0.29. Overlapping area represents the amount of variation of Long Term Debt that can explain the historical movement of Net Receivables in the same time period over historical financial statements of Zangge Holding Co, assuming nothing else is changed. The correlation between historical values of Zangge Holding's Long Term Debt and Net Receivables is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Long Term Debt of Zangge Holding Co are associated (or correlated) with its Net Receivables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Receivables has no effect on the direction of Long Term Debt i.e., Zangge Holding's Long Term Debt and Net Receivables go up and down completely randomly.

Correlation Coefficient

-0.29

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Long Term Debt

Long-term debt is a debt that Zangge Holding has held for over one year. Long-term debt appears on Zangge Holding Co 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 Zangge Holding Co 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.

Net Receivables

Most indicators from Zangge Holding's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Zangge Holding 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 Zangge Holding 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 board of governors.

The current year's Selling General Administrative is expected to grow to about 161.8 M, whereas Tax Provision is forecasted to decline to about 345.9 M.

	2021	2022	2023	2024 (projected)
Operating Income	1.6B	5.9B	2.8B	2.9B
Total Revenue	3.6B	8.2B	5.2B	5.5B

Operating Income Total Revenue

Zangge Holding fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Retained Earnings	Accounts Payable	Cash	Other Assets	Long Term Debt	Net Receivables	Inventory	Other Current Assets	Total Liab	Intangible Assets	Common Stock	Property Plant Equipment	Other Liab	Net Tangible Assets	Other Stockholder Equity	Deferred Long Term Liab	Long Term Investments	Short Long Term Debt	Total Current Assets	Short Term Debt	Non Current Assets Total	Non Currrent Assets Other
Total Assets		0.35	0.64	0.99	0.92	0.64	0.74	0.89	-0.78	0.17	0.91	0.17	0.56	0.77	0.85	0.88	-0.07	0.91	0.9	0.72	0.71	0.73	0.82	0.74	0.82	0.73
Other Current Liab	0.35		0.5	0.32	0.31	0.31	0.42	0.17	-0.29	0.21	0.44	0.07	0.41	0.54	0.36	0.33	0.07	0.39	0.37	0.04	-0.29	0.23	0.45	0.4	0.28	-0.04
Total Current Liabilities	0.64	0.5		0.55	0.39	0.9	0.34	0.42	-0.44	0.58	0.61	0.35	0.98	0.88	0.81	0.83	0.08	0.47	0.59	0.11	0.13	0.43	0.58	0.45	0.33	0.1
Total Stockholder Equity	0.99	0.32	0.55		0.95	0.57	0.75	0.9	-0.78	0.11	0.91	0.15	0.47	0.72	0.81	0.84	-0.09	0.93	0.89	0.76	0.74	0.73	0.81	0.75	0.85	0.77
Retained Earnings	0.92	0.31	0.39	0.95		0.4	0.76	0.94	-0.62	-0.09	0.82	-0.02	0.29	0.53	0.62	0.65	-0.08	0.91	0.76	0.87	0.76	0.7	0.72	0.73	0.9	0.86
Accounts Payable	0.64	0.31	0.9	0.57	0.4		0.22	0.38	-0.5	0.48	0.68	0.31	0.86	0.81	0.81	0.84	-0.03	0.53	0.63	0.1	0.29	0.52	0.46	0.59	0.44	0.12
Cash	0.74	0.42	0.34	0.75	0.76	0.22		0.78	-0.48	-0.23	0.61	-0.07	0.27	0.52	0.51	0.52	-0.01	0.73	0.61	0.76	0.52	0.23	0.74	0.32	0.61	0.66
Other Assets	0.89	0.17	0.42	0.9	0.94	0.38	0.78		-0.53	-0.13	0.69	-0.02	0.35	0.53	0.6	0.64	-0.06	0.83	0.65	0.92	0.82	0.57	0.67	0.57	0.82	0.9
Long Term Debt	-0.78	-0.29	-0.44	-0.78	-0.62	-0.5	-0.48	-0.53		-0.29	-0.77	-0.39	-0.34	-0.64	-0.68	-0.73	0.43	-0.76	-0.85	-0.41	-0.47	-0.66	-0.72	-0.68	-0.62	-0.44
Net Receivables	0.17	0.21	0.58	0.11	-0.09	0.48	-0.23	-0.13	-0.29		0.19	0.61	0.61	0.47	0.45	0.45	0.2	0.06	0.37	-0.38	-0.2	0.38	0.4	0.21	-0.15	-0.33
Inventory	0.91	0.44	0.61	0.91	0.82	0.68	0.61	0.69	-0.77	0.19		0.26	0.51	0.77	0.86	0.87	-0.08	0.85	0.91	0.5	0.53	0.69	0.74	0.77	0.73	0.51
Other Current Assets	0.17	0.07	0.35	0.15	-0.02	0.31	-0.07	-0.02	-0.39	0.61	0.26		0.31	0.4	0.41	0.38	-0.1	0.12	0.41	-0.28	-0.11	0.17	0.44	0.09	-0.16	-0.28
Total Liab	0.56	0.41	0.98	0.47	0.29	0.86	0.27	0.35	-0.34	0.61	0.51	0.31		0.84	0.77	0.79	0.14	0.36	0.49	0.06	0.1	0.39	0.51	0.35	0.22	0.05
Intangible Assets	0.77	0.54	0.88	0.72	0.53	0.81	0.52	0.53	-0.64	0.47	0.77	0.4	0.84		0.93	0.92	0.07	0.69	0.79	0.22	0.3	0.5	0.69	0.57	0.49	0.24
Common Stock	0.85	0.36	0.81	0.81	0.62	0.81	0.51	0.6	-0.68	0.45	0.86	0.41	0.77	0.93		0.99	0.17	0.69	0.89	0.29	0.43	0.55	0.71	0.56	0.5	0.34
Property Plant Equipment	0.88	0.33	0.83	0.84	0.65	0.84	0.52	0.64	-0.73	0.45	0.87	0.38	0.79	0.92	0.99		0.06	0.72	0.89	0.35	0.48	0.61	0.73	0.61	0.55	0.39
Other Liab	-0.07	0.07	0.08	-0.09	-0.08	-0.03	-0.01	-0.06	0.43	0.2	-0.08	-0.1	0.14	0.07	0.17	0.06		-0.21	0.01	-0.19	-0.14	-0.27	-0.08	-0.3	-0.25	-0.1
Net Tangible Assets	0.91	0.39	0.47	0.93	0.91	0.53	0.73	0.83	-0.76	0.06	0.85	0.12	0.36	0.69	0.69	0.72	-0.21		0.84	0.72	0.72	0.76	0.77	0.86	0.93	0.71
Other Stockholder Equity	0.9	0.37	0.59	0.89	0.76	0.63	0.61	0.65	-0.85	0.37	0.91	0.41	0.49	0.79	0.89	0.89	0.01	0.84		0.43	0.53	0.67	0.84	0.69	0.65	0.46
Deferred Long Term Liab	0.72	0.04	0.11	0.76	0.87	0.1	0.76	0.92	-0.41	-0.38	0.5	-0.28	0.06	0.22	0.29	0.35	-0.19	0.72	0.43		0.83	0.45	0.51	0.45	0.8	0.97
Long Term Investments	0.71	-0.29	0.13	0.74	0.76	0.29	0.52	0.82	-0.47	-0.2	0.53	-0.11	0.1	0.3	0.43	0.48	-0.14	0.72	0.53	0.83		0.53	0.41	0.52	0.78	0.88
Short Long Term Debt	0.73	0.23	0.43	0.73	0.7	0.52	0.23	0.57	-0.66	0.38	0.69	0.17	0.39	0.5	0.55	0.61	-0.27	0.76	0.67	0.45	0.53		0.61	0.93	0.73	0.48
Total Current Assets	0.82	0.45	0.58	0.81	0.72	0.46	0.74	0.67	-0.72	0.4	0.74	0.44	0.51	0.69	0.71	0.73	-0.08	0.77	0.84	0.51	0.41	0.61		0.55	0.52	0.43
Short Term Debt	0.74	0.4	0.45	0.75	0.73	0.59	0.32	0.57	-0.68	0.21	0.77	0.09	0.35	0.57	0.56	0.61	-0.3	0.86	0.69	0.45	0.52	0.93	0.55		0.85	0.48
Non Current Assets Total	0.82	0.28	0.33	0.85	0.9	0.44	0.61	0.82	-0.62	-0.15	0.73	-0.16	0.22	0.49	0.5	0.55	-0.25	0.93	0.65	0.8	0.78	0.73	0.52	0.85		0.82
Non Currrent Assets Other	0.73	-0.04	0.1	0.77	0.86	0.12	0.66	0.9	-0.44	-0.33	0.51	-0.28	0.05	0.24	0.34	0.39	-0.1	0.71	0.46	0.97	0.88	0.48	0.43	0.48	0.82

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Zangge Holding Account Relationship Matchups

Zangge Holding fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	9.6B	8.7B	10.6B	13.5B	14.1B	14.8B
Other Current Liab	386.4M	324.7M	722.1M	887.8M	12.6M	12.0M
Total Current Liabilities	1.7B	734.5M	1.1B	1.4B	935.6M	815.4M
Total Stockholder Equity	7.8B	7.9B	9.5B	12.1B	13.1B	13.7B
Retained Earnings	4.6B	4.8B	6.2B	8.9B	8.8B	9.2B
Accounts Payable	578.5M	313.0M	229.7M	273.1M	355.2M	194.3M
Cash	82.1M	461.7M	799.6M	2.8B	1.6B	1.7B
Other Assets	89.8M	86.3M	145.9M	234.7M	269.9M	283.4M
Net Receivables	1.9B	36.7M	1.3B	162.3M	18.2M	17.3M
Inventory	511.3M	599.4M	466.1M	564.6M	498.0M	522.9M
Other Current Assets	239.5M	223.9M	48.6M	103.6M	15.6M	14.8M
Total Liab	1.7B	760.5M	1.2B	1.4B	1.0B	904.0M
Intangible Assets	309.2M	283.3M	370.4M	354.8M	328.1M	165.1M
Property Plant Equipment	3.9B	3.6B	3.2B	3.1B	3.6B	3.8B
Other Liab	31.0M	26.1M	50.2M	20.4M	23.5M	39.4M
Net Tangible Assets	7.6B	7.6B	9.1B	11.8B	13.5B	7.9B
Other Stockholder Equity	84.4M	59.9M	49.7M	58.3M	67.0M	70.4M
Deferred Long Term Liab	7.5M	7.3M	13.4M	24.3M	28.0M	29.4M
Total Current Assets	2.7B	2.3B	2.6B	4.9B	3.1B	3.5B
Non Current Assets Total	7.1B	6.4B	8.0B	8.6B	10.9B	7.5B
Non Currrent Assets Other	34.0M	41.4M	1.6B	1.6B	3.3B	3.4B
Non Current Liabilities Total	31.0M	26.1M	55.6M	31.2M	105.7M	62.2M
Net Invested Capital	8.3B	7.9B	9.5B	12.1B	13.1B	10.3B
Net Working Capital	996.2M	1.6B	1.5B	3.5B	2.2B	2.3B

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Other Information on Investing in Zangge Stock

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

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Zangge Long Term Debt vs Net Receivables Analysis

Long Term Debt vs Net Receivables

Long Term Debt vs Net Receivables Correlation Analysis

Correlation Coefficient

Long Term Debt

Net Receivables

Zangge Holding fundamental ratios Correlations

Zangge Holding Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Zangge Holding fundamental ratios Accounts

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COMPANY

Total Stockholder Equity	+ 0.99	Total Assets
Property Plant Equipment	+ 0.99	Common Stock
Total Liab	+ 0.98	Total Current Liabilities
Non Currrent Assets Other	+ 0.97	Deferred Long Term Liab
Retained Earnings	+ 0.95	Total Stockholder Equity
Other Assets	+ 0.94	Retained Earnings

Other Stockholder Equity	- 0.85	Long Term Debt
Long Term Debt	- 0.78	Total Stockholder Equity
Long Term Debt	- 0.78	Total Assets
Inventory	- 0.77	Long Term Debt
Net Tangible Assets	- 0.76	Long Term Debt
Property Plant Equipment	- 0.73	Long Term Debt