Cangzhou Inventory vs Short Long Term Debt Analysis

002108 Stock

3.97 0.36 9.97%

Cangzhou Mingzhu financial indicator trend analysis is way more than just evaluating Cangzhou Mingzhu Plastic prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Cangzhou Mingzhu Plastic is a good investment. Please check the relationship between Cangzhou Mingzhu Inventory and its Short Long Term Debt accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cangzhou Mingzhu Plastic. 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.

Inventory vs Short Long Term Debt

Inventory vs Short Long Term Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Cangzhou Mingzhu Plastic Inventory account and Short Long Term Debt. At this time, the significance of the direction appears to have strong relationship.

The correlation between Cangzhou Mingzhu's Inventory and Short Long Term Debt is 0.63. Overlapping area represents the amount of variation of Inventory that can explain the historical movement of Short Long Term Debt in the same time period over historical financial statements of Cangzhou Mingzhu Plastic, assuming nothing else is changed. The correlation between historical values of Cangzhou Mingzhu's Inventory and Short Long Term Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Inventory of Cangzhou Mingzhu Plastic are associated (or correlated) with its Short Long Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Long Term Debt has no effect on the direction of Inventory i.e., Cangzhou Mingzhu's Inventory and Short Long Term Debt go up and down completely randomly.

Correlation Coefficient

0.63

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Inventory

Short Long Term Debt

The total of a company's short-term and long-term borrowings.

Most indicators from Cangzhou Mingzhu's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Cangzhou Mingzhu Plastic 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 Cangzhou Mingzhu Plastic. 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 113.5 M. The current year's Tax Provision is expected to grow to about 67 M

	2021	2022	2023	2024 (projected)
Operating Income	392.4M	287.0M	195.5M	267.2M
Total Revenue	2.9B	2.8B	2.6B	2.2B

Operating Income Total Revenue

Cangzhou Mingzhu fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Retained Earnings	Accounts Payable	Cash	Long Term Debt	Net Receivables	Inventory	Other Current Assets	Total Liab	Common Stock	Property Plant Equipment	Intangible Assets	Other Assets	Net Tangible Assets	Deferred Long Term Liab	Long Term Investments	Total Current Assets	Non Current Assets Total	Non Currrent Assets Other	Non Current Liabilities Total	Short Long Term Debt	Non Current Liabilities Other
Total Assets		0.08	0.67	0.99	0.95	0.96	0.96	0.75	0.76	0.45	0.74	0.76	0.95	0.95	0.93	0.98	0.86	0.91	0.82	0.88	0.9	0.9	0.5	0.74	0.5	-0.86
Other Current Liab	0.08		0.28	0.06	0.14	0.15	0.08	-0.23	-0.09	0.15	0.18	0.44	0.14	0.13	0.19	0.09	-0.04	0.14	0.01	0.08	-0.14	0.06	-0.24	-0.1	-0.07	-0.11
Total Current Liabilities	0.67	0.28		0.61	0.75	0.73	0.71	0.29	0.15	0.54	0.86	0.61	0.77	0.73	0.7	0.66	0.43	0.68	0.5	0.76	0.54	0.68	0.27	0.21	0.78	-0.74
Total Stockholder Equity	0.99	0.06	0.61		0.93	0.96	0.95	0.77	0.76	0.47	0.71	0.76	0.91	0.94	0.94	0.97	0.85	0.92	0.8	0.85	0.91	0.88	0.49	0.73	0.43	-0.85
Other Liab	0.95	0.14	0.75	0.93		0.96	0.92	0.57	0.6	0.41	0.76	0.82	0.94	0.98	0.9	0.97	0.77	0.93	0.81	0.97	0.84	0.91	0.38	0.64	0.66	-0.93
Retained Earnings	0.96	0.15	0.73	0.96	0.96		0.96	0.6	0.56	0.55	0.81	0.83	0.88	0.98	0.96	0.95	0.76	0.96	0.73	0.88	0.88	0.85	0.37	0.54	0.57	-0.92
Accounts Payable	0.96	0.08	0.71	0.95	0.92	0.96		0.73	0.65	0.43	0.77	0.73	0.91	0.92	0.9	0.93	0.87	0.9	0.83	0.84	0.87	0.87	0.58	0.64	0.51	-0.87
Cash	0.75	-0.23	0.29	0.77	0.57	0.6	0.73		0.81	0.15	0.45	0.22	0.67	0.53	0.55	0.66	0.82	0.6	0.7	0.5	0.83	0.66	0.79	0.78	0.08	-0.48
Long Term Debt	0.76	-0.09	0.15	0.76	0.6	0.56	0.65	0.81		0.0	0.23	0.42	0.71	0.57	0.56	0.74	0.84	0.56	0.76	0.55	0.65	0.71	0.61	0.96	0.04	-0.43
Net Receivables	0.45	0.15	0.54	0.47	0.41	0.55	0.43	0.15	0.0		0.61	0.5	0.34	0.53	0.7	0.38	0.03	0.48	-0.06	0.28	0.42	0.2	-0.25	-0.15	0.3	-0.43
Inventory	0.74	0.18	0.86	0.71	0.76	0.81	0.77	0.45	0.23	0.61		0.6	0.72	0.78	0.78	0.68	0.49	0.78	0.43	0.71	0.75	0.66	0.33	0.23	0.63	-0.76
Other Current Assets	0.76	0.44	0.61	0.76	0.82	0.83	0.73	0.22	0.42	0.5	0.6		0.74	0.86	0.87	0.8	0.56	0.77	0.52	0.74	0.53	0.64	0.0	0.4	0.54	-0.7
Total Liab	0.95	0.14	0.77	0.91	0.94	0.88	0.91	0.67	0.71	0.34	0.72	0.74		0.9	0.84	0.95	0.83	0.82	0.85	0.92	0.78	0.9	0.5	0.75	0.64	-0.8
Common Stock	0.95	0.13	0.73	0.94	0.98	0.98	0.92	0.53	0.57	0.53	0.78	0.86	0.9		0.96	0.95	0.72	0.93	0.73	0.92	0.83	0.87	0.3	0.58	0.62	-0.93
Property Plant Equipment	0.93	0.19	0.7	0.94	0.9	0.96	0.9	0.55	0.56	0.7	0.78	0.87	0.84	0.96		0.9	0.67	0.89	0.61	0.79	0.81	0.75	0.23	0.49	0.51	-0.83
Intangible Assets	0.98	0.09	0.66	0.97	0.97	0.95	0.93	0.66	0.74	0.38	0.68	0.8	0.95	0.95	0.9		0.85	0.91	0.84	0.93	0.84	0.91	0.44	0.75	0.57	-0.87
Other Assets	0.86	-0.04	0.43	0.85	0.77	0.76	0.87	0.82	0.84	0.03	0.49	0.56	0.83	0.72	0.67	0.85		0.76	0.92	0.72	0.78	0.83	0.79	0.85	0.32	-0.66
Net Tangible Assets	0.91	0.14	0.68	0.92	0.93	0.96	0.9	0.6	0.56	0.48	0.78	0.77	0.82	0.93	0.89	0.91	0.76		0.72	0.85	0.9	0.9	0.43	0.56	0.49	-0.93
Deferred Long Term Liab	0.82	0.01	0.5	0.8	0.81	0.73	0.83	0.7	0.76	-0.06	0.43	0.52	0.85	0.73	0.61	0.84	0.92	0.72		0.82	0.69	0.88	0.72	0.84	0.42	-0.74
Long Term Investments	0.88	0.08	0.76	0.85	0.97	0.88	0.84	0.5	0.55	0.28	0.71	0.74	0.92	0.92	0.79	0.93	0.72	0.85	0.82		0.75	0.91	0.37	0.65	0.75	-0.9
Total Current Assets	0.9	-0.14	0.54	0.91	0.84	0.88	0.87	0.83	0.65	0.42	0.75	0.53	0.78	0.83	0.81	0.84	0.78	0.9	0.69	0.75		0.81	0.57	0.63	0.39	-0.8
Non Current Assets Total	0.9	0.06	0.68	0.88	0.91	0.85	0.87	0.66	0.71	0.2	0.66	0.64	0.9	0.87	0.75	0.91	0.83	0.9	0.88	0.91	0.81		0.61	0.77	0.51	-0.89
Non Currrent Assets Other	0.5	-0.24	0.27	0.49	0.38	0.37	0.58	0.79	0.61	-0.25	0.33	0.0	0.5	0.3	0.23	0.44	0.79	0.43	0.72	0.37	0.57	0.61		0.66	0.07	-0.37
Non Current Liabilities Total	0.74	-0.1	0.21	0.73	0.64	0.54	0.64	0.78	0.96	-0.15	0.23	0.4	0.75	0.58	0.49	0.75	0.85	0.56	0.84	0.65	0.63	0.77	0.66		0.17	-0.48
Short Long Term Debt	0.5	-0.07	0.78	0.43	0.66	0.57	0.51	0.08	0.04	0.3	0.63	0.54	0.64	0.62	0.51	0.57	0.32	0.49	0.42	0.75	0.39	0.51	0.07	0.17		-0.58
Non Current Liabilities Other	-0.86	-0.11	-0.74	-0.85	-0.93	-0.92	-0.87	-0.48	-0.43	-0.43	-0.76	-0.7	-0.8	-0.93	-0.83	-0.87	-0.66	-0.93	-0.74	-0.9	-0.8	-0.89	-0.37	-0.48	-0.58

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Cangzhou Mingzhu Account Relationship Matchups

Cangzhou Mingzhu fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	4.8B	4.9B	5.5B	7.0B	7.1B	7.5B
Other Current Liab	40.8M	124.8M	67.3M	2.9M	92.4M	54.4M
Total Current Liabilities	1.2B	1.1B	1.4B	1.0B	1.1B	694.8M
Total Stockholder Equity	3.3B	3.5B	3.7B	5.1B	5.1B	5.4B
Other Liab	183.2M	185.4M	200.2M	202.0M	232.3M	243.9M
Retained Earnings	1.7B	1.9B	2.1B	2.0B	2.0B	2.1B
Accounts Payable	265.5M	275.0M	411.9M	395.9M	372.9M	391.5M
Cash	201.6M	229.8M	514.1M	1.4B	801.0M	841.1M
Long Term Debt	55.1M	64.7M	70.1M	542.8M	655.9M	688.7M
Net Receivables	1.3B	987.6M	832.9M	935.4M	830.2M	707.8M
Inventory	278.9M	431.9M	480.5M	447.6M	331.8M	253.3M
Other Current Assets	106.3M	130.6M	124.7M	38.6M	157.0M	164.9M
Total Liab	1.4B	1.4B	1.7B	1.8B	2.0B	2.1B
Property Plant Equipment	1.5B	1.5B	1.4B	1.5B	1.7B	1.8B
Intangible Assets	233.7M	226.8M	254.2M	288.2M	360.0M	378.0M
Other Assets	56.9M	79.3M	91.3M	420.2M	483.2M	507.4M
Net Tangible Assets	3.0B	3.0B	3.2B	3.4B	4.0B	3.1B
Deferred Long Term Liab	2.4M	10.4M	8.7M	16.1M	18.5M	19.4M
Total Current Assets	1.9B	2.1B	2.3B	3.1B	2.4B	2.4B
Non Current Assets Total	2.8B	2.8B	3.3B	3.9B	4.7B	3.2B
Non Currrent Assets Other	21.2M	35.2M	344.6M	432.3M	315.3M	180.7M
Non Current Liabilities Total	240.5M	264.9M	287.7M	784.0M	900.7M	945.8M
Short Long Term Debt	722.1M	481.3M	815.4M	448.3M	386.7M	579.2M
Net Invested Capital	4.0B	4.0B	4.6B	6.1B	6.2B	5.1B
Net Working Capital	783.5M	995.9M	848.0M	2.1B	1.3B	1.3B
Net Debt	575.5M	316.2M	371.4M	241.6M	217.4M	368.1M

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Other Information on Investing in Cangzhou Stock

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

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Cangzhou Inventory vs Short Long Term Debt Analysis

Inventory vs Short Long Term Debt

Inventory vs Short Long Term Debt Correlation Analysis

Correlation Coefficient

Inventory

Short Long Term Debt

Cangzhou Mingzhu fundamental ratios Correlations

Cangzhou Mingzhu Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Cangzhou Mingzhu fundamental ratios Accounts

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Other Information on Investing in Cangzhou Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Stockholder Equity	+ 0.99	Total Assets
Intangible Assets	+ 0.98	Total Assets
Common Stock	+ 0.98	Other Liab
Common Stock	+ 0.98	Retained Earnings
Intangible Assets	+ 0.97	Total Stockholder Equity
Intangible Assets	+ 0.97	Other Liab

Non Current Liabilities Other	- 0.93	Net Tangible Assets
Non Current Liabilities Other	- 0.93	Common Stock
Non Current Liabilities Other	- 0.93	Other Liab
Non Current Liabilities Other	- 0.92	Retained Earnings
Non Current Liabilities Other	- 0.9	Long Term Investments
Non Current Liabilities Other	- 0.89	Non Current Assets Total