Ningbo Accounts Payable vs Total Liab Analysis

002124 Stock   3.12  0.01  0.32%   
Ningbo Tech financial indicator trend analysis is infinitely more than just investigating Ningbo Tech Bank recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Ningbo Tech Bank is a good investment. Please check the relationship between Ningbo Tech Accounts Payable and its Total Liab accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Ningbo Tech Bank 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 nation.

Accounts Payable vs Total Liab

Accounts Payable vs Total Liab Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Ningbo Tech Bank Accounts Payable account and Total Liab. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Ningbo Tech's Accounts Payable and Total Liab is 0.97. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Total Liab in the same time period over historical financial statements of Ningbo Tech Bank Co, assuming nothing else is changed. The correlation between historical values of Ningbo Tech's Accounts Payable and Total Liab is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Accounts Payable of Ningbo Tech Bank Co are associated (or correlated) with its Total Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Liab has no effect on the direction of Accounts Payable i.e., Ningbo Tech's Accounts Payable and Total Liab go up and down completely randomly.

Correlation Coefficient

0.97
Relationship DirectionPositive 
Relationship StrengthVery Strong

Accounts Payable

An accounting item on the balance sheet that represents Ningbo Tech obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Ningbo Tech Bank are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.

Total Liab

The total amount of all liabilities that a company has, including both short-term and long-term liabilities.
Most indicators from Ningbo Tech's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Ningbo Tech Bank 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 Ningbo Tech Bank 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 nation.
As of December 10, 2024, Selling General Administrative is expected to decline to about 229 M. In addition to that, Tax Provision is expected to decline to about 877.7 K
 2021 2023 2024 (projected)
Minority Interest11.1M5.7M5.4M
Income Tax Expense74.3M85.4M89.7M

Ningbo Tech fundamental ratios Correlations

0.660.950.63-0.520.910.880.39-0.250.950.380.970.070.960.980.880.68-0.50.80.720.640.63-0.10.910.970.31
0.660.480.660.040.390.660.370.240.650.370.570.090.520.520.890.740.260.680.50.310.42-0.260.720.730.36
0.950.480.38-0.750.980.740.23-0.40.860.140.99-0.040.960.990.770.58-0.670.830.530.780.48-0.090.760.920.13
0.630.660.380.310.310.810.720.180.770.880.410.430.530.480.660.440.050.240.95-0.130.83-0.020.870.580.73
-0.520.04-0.750.31-0.78-0.190.260.56-0.320.47-0.710.32-0.62-0.67-0.29-0.280.76-0.650.1-0.860.050.0-0.16-0.520.38
0.910.390.980.31-0.780.650.13-0.50.820.090.97-0.110.910.960.670.48-0.710.810.480.810.41-0.030.70.880.01
0.880.660.740.81-0.190.650.57-0.010.850.680.770.20.80.820.850.76-0.340.580.860.320.71-0.140.930.830.53
0.390.370.230.720.260.130.570.290.540.730.220.360.40.280.420.170.050.010.68-0.30.75-0.030.590.330.78
-0.250.24-0.40.180.56-0.5-0.010.29-0.140.21-0.350.38-0.23-0.350.030.190.56-0.25-0.05-0.420.12-0.13-0.07-0.250.26
0.950.650.860.77-0.320.820.850.54-0.140.530.860.250.910.880.820.53-0.410.640.830.410.79-0.040.950.890.49
0.380.370.140.880.470.090.680.730.210.530.150.340.260.260.370.250.05-0.060.87-0.330.65-0.10.680.310.69
0.970.570.990.41-0.710.970.770.22-0.350.860.15-0.060.950.990.820.66-0.60.870.530.790.47-0.120.780.950.12
0.070.09-0.040.430.32-0.110.20.360.380.250.34-0.060.15-0.010.06-0.060.09-0.230.35-0.410.550.230.21-0.010.52
0.960.520.960.53-0.620.910.80.4-0.230.910.260.950.150.960.790.58-0.610.730.640.620.690.00.820.90.31
0.980.520.990.48-0.670.960.820.28-0.350.880.260.99-0.010.960.810.65-0.640.810.630.730.55-0.080.830.940.19
0.880.890.770.66-0.290.670.850.420.030.820.370.820.060.790.810.84-0.110.810.630.50.54-0.310.870.920.42
0.680.740.580.44-0.280.480.760.170.190.530.250.66-0.060.580.650.84-0.070.760.410.530.3-0.20.630.730.08
-0.50.26-0.670.050.76-0.71-0.340.050.56-0.410.05-0.60.09-0.61-0.64-0.11-0.07-0.25-0.22-0.53-0.24-0.2-0.26-0.360.1
0.80.680.830.24-0.650.810.580.01-0.250.64-0.060.87-0.230.730.810.810.76-0.250.280.860.17-0.180.610.9-0.14
0.720.50.530.950.10.480.860.68-0.050.830.870.530.350.640.630.630.41-0.220.28-0.010.84-0.010.920.650.68
0.640.310.78-0.13-0.860.810.32-0.3-0.420.41-0.330.79-0.410.620.730.50.53-0.530.86-0.01-0.1-0.120.310.68-0.45
0.630.420.480.830.050.410.710.750.120.790.650.470.550.690.550.540.3-0.240.170.84-0.10.280.770.530.71
-0.1-0.26-0.09-0.020.0-0.03-0.14-0.03-0.13-0.04-0.1-0.120.230.0-0.08-0.31-0.2-0.2-0.18-0.01-0.120.28-0.15-0.19-0.27
0.910.720.760.87-0.160.70.930.59-0.070.950.680.780.210.820.830.870.63-0.260.610.920.310.77-0.150.880.56
0.970.730.920.58-0.520.880.830.33-0.250.890.310.95-0.010.90.940.920.73-0.360.90.650.680.53-0.190.880.25
0.310.360.130.730.380.010.530.780.260.490.690.120.520.310.190.420.080.1-0.140.68-0.450.71-0.270.560.25
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Ningbo Tech Account Relationship Matchups

Ningbo Tech fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets7.5B15.5B18.5B19.6B17.2B18.1B
Other Current Liab1.4B2.4B4.1B3.9B4.0M3.8M
Total Current Liabilities4.0B5.1B9.9B11.7B12.4B13.0B
Total Stockholder Equity2.9B8.8B3.5B3.9B2.2B1.7B
Retained Earnings348.1M3.6B(1.8B)(1.6B)(4.5B)(4.2B)
Accounts Payable357.5M1.0B2.0B3.3B3.4B3.6B
Cash869.8M2.1B1.9B970.5M1.3B1.3B
Other Assets322.2M425.0M167.2M177.4M204.1M135.8M
Net Receivables130.4M171.2M213.7M62.3M37.0M35.2M
Inventory1.1B2.6B1.8B2.6B2.0B2.1B
Other Current Assets141.0M776.7M139.1M108.8M125.9M113.7M
Total Liab4.6B6.7B14.8B15.6B14.9B15.7B
Intangible Assets115.8M114.0M49.3M42.4M60.5M55.5M
Property Plant Equipment4.7B9.0B13.7B13.3B15.3B16.1B
Long Term Debt580.4M793.7M1.4B1.0B584.3M417.9M
Other Liab20.1M149.8M489.3M101.5M116.7M80.5M
Net Tangible Assets2.7B8.6B3.1B3.5B4.1B3.5B
Other Stockholder Equity(13.4M)(13.3M)(15.1M)(3.7M)(4.2M)(4.4M)
Deferred Long Term Liab155.8M140.3M226.0M106.9M122.9M142.6M
Total Current Assets2.2B5.8B4.0B4.3B3.6B3.2B
Non Current Assets Total5.3B9.7B14.5B15.2B13.6B9.1B
Non Currrent Assets Other162.7M178.5M25.6M38.4M31.4M29.8M
Non Current Liabilities Total600.5M1.6B4.9B3.8B2.5B1.9B
Short Long Term Debt2.0B1.3B2.6B2.5B2.7B1.9B
Non Current Liabilities Other9.4M10.8M8.0M46.8M53.9M56.6M
Net Debt1.2B10.4M2.1B2.6B2.0B1.4B
Net Invested Capital4.9B10.9B7.4B7.5B5.5B6.9B
Net Working Capital(1.8B)711.1M(5.9B)(7.4B)(8.8B)(8.3B)

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Other Information on Investing in Ningbo Stock

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