Ningbo Cash vs Long Term Debt 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 Cash and its Long Term Debt 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.

Cash vs Long Term Debt

Cash vs Long Term Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Ningbo Tech Bank Cash account and Long Term Debt. At this time, the significance of the direction appears to have very strong relationship.

The correlation between Ningbo Tech's Cash and Long Term Debt is 0.85. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Long Term Debt 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 Cash and 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 Cash of Ningbo Tech Bank Co are associated (or correlated) with its Long Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Long Term Debt has no effect on the direction of Cash i.e., Ningbo Tech's Cash and Long Term Debt go up and down completely randomly.

Correlation Coefficient

0.85

Relationship Direction	Positive
Relationship Strength	Strong

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Cash

Cash refers to the most liquid asset of Ningbo Tech Bank, which is listed under current asset account on Ningbo Tech Bank Co balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Ningbo Tech customers. The amounts must be unrestricted with restricted cash listed in a different Ningbo Tech account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.

Long Term Debt

Long-term debt is a debt that Ningbo Tech Bank has held for over one year. Long-term debt appears on Ningbo Tech Bank 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 Ningbo Tech Bank 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.

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 Interest	11.1M	5.7M	5.4M
Income Tax Expense	74.3M	85.4M	89.7M

Minority Interest Income Tax Expense

Ningbo Tech fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Retained Earnings	Accounts Payable	Cash	Other Assets	Net Receivables	Inventory	Other Current Assets	Total Liab	Intangible Assets	Common Stock	Property Plant Equipment	Long Term Debt	Other Liab	Short Term Investments	Good Will	Net Tangible Assets	Other Stockholder Equity	Deferred Long Term Liab	Long Term Investments	Total Current Assets	Non Current Assets Total	Non Currrent Assets Other
Total Assets		0.66	0.95	0.63	-0.52	0.91	0.88	0.39	-0.25	0.95	0.38	0.97	0.07	0.96	0.98	0.88	0.68	-0.5	0.8	0.72	0.64	0.63	-0.1	0.91	0.97	0.31
Other Current Liab	0.66		0.48	0.66	0.04	0.39	0.66	0.37	0.24	0.65	0.37	0.57	0.09	0.52	0.52	0.89	0.74	0.26	0.68	0.5	0.31	0.42	-0.26	0.72	0.73	0.36
Total Current Liabilities	0.95	0.48		0.38	-0.75	0.98	0.74	0.23	-0.4	0.86	0.14	0.99	-0.04	0.96	0.99	0.77	0.58	-0.67	0.83	0.53	0.78	0.48	-0.09	0.76	0.92	0.13
Total Stockholder Equity	0.63	0.66	0.38		0.31	0.31	0.81	0.72	0.18	0.77	0.88	0.41	0.43	0.53	0.48	0.66	0.44	0.05	0.24	0.95	-0.13	0.83	-0.02	0.87	0.58	0.73
Retained Earnings	-0.52	0.04	-0.75	0.31		-0.78	-0.19	0.26	0.56	-0.32	0.47	-0.71	0.32	-0.62	-0.67	-0.29	-0.28	0.76	-0.65	0.1	-0.86	0.05	0.0	-0.16	-0.52	0.38
Accounts Payable	0.91	0.39	0.98	0.31	-0.78		0.65	0.13	-0.5	0.82	0.09	0.97	-0.11	0.91	0.96	0.67	0.48	-0.71	0.81	0.48	0.81	0.41	-0.03	0.7	0.88	0.01
Cash	0.88	0.66	0.74	0.81	-0.19	0.65		0.57	-0.01	0.85	0.68	0.77	0.2	0.8	0.82	0.85	0.76	-0.34	0.58	0.86	0.32	0.71	-0.14	0.93	0.83	0.53
Other Assets	0.39	0.37	0.23	0.72	0.26	0.13	0.57		0.29	0.54	0.73	0.22	0.36	0.4	0.28	0.42	0.17	0.05	0.01	0.68	-0.3	0.75	-0.03	0.59	0.33	0.78
Net Receivables	-0.25	0.24	-0.4	0.18	0.56	-0.5	-0.01	0.29		-0.14	0.21	-0.35	0.38	-0.23	-0.35	0.03	0.19	0.56	-0.25	-0.05	-0.42	0.12	-0.13	-0.07	-0.25	0.26
Inventory	0.95	0.65	0.86	0.77	-0.32	0.82	0.85	0.54	-0.14		0.53	0.86	0.25	0.91	0.88	0.82	0.53	-0.41	0.64	0.83	0.41	0.79	-0.04	0.95	0.89	0.49
Other Current Assets	0.38	0.37	0.14	0.88	0.47	0.09	0.68	0.73	0.21	0.53		0.15	0.34	0.26	0.26	0.37	0.25	0.05	-0.06	0.87	-0.33	0.65	-0.1	0.68	0.31	0.69
Total Liab	0.97	0.57	0.99	0.41	-0.71	0.97	0.77	0.22	-0.35	0.86	0.15		-0.06	0.95	0.99	0.82	0.66	-0.6	0.87	0.53	0.79	0.47	-0.12	0.78	0.95	0.12
Intangible Assets	0.07	0.09	-0.04	0.43	0.32	-0.11	0.2	0.36	0.38	0.25	0.34	-0.06		0.15	-0.01	0.06	-0.06	0.09	-0.23	0.35	-0.41	0.55	0.23	0.21	-0.01	0.52
Common Stock	0.96	0.52	0.96	0.53	-0.62	0.91	0.8	0.4	-0.23	0.91	0.26	0.95	0.15		0.96	0.79	0.58	-0.61	0.73	0.64	0.62	0.69	0.0	0.82	0.9	0.31
Property Plant Equipment	0.98	0.52	0.99	0.48	-0.67	0.96	0.82	0.28	-0.35	0.88	0.26	0.99	-0.01	0.96		0.81	0.65	-0.64	0.81	0.63	0.73	0.55	-0.08	0.83	0.94	0.19
Long Term Debt	0.88	0.89	0.77	0.66	-0.29	0.67	0.85	0.42	0.03	0.82	0.37	0.82	0.06	0.79	0.81		0.84	-0.11	0.81	0.63	0.5	0.54	-0.31	0.87	0.92	0.42
Other Liab	0.68	0.74	0.58	0.44	-0.28	0.48	0.76	0.17	0.19	0.53	0.25	0.66	-0.06	0.58	0.65	0.84		-0.07	0.76	0.41	0.53	0.3	-0.2	0.63	0.73	0.08
Short Term Investments	-0.5	0.26	-0.67	0.05	0.76	-0.71	-0.34	0.05	0.56	-0.41	0.05	-0.6	0.09	-0.61	-0.64	-0.11	-0.07		-0.25	-0.22	-0.53	-0.24	-0.2	-0.26	-0.36	0.1
Good Will	0.8	0.68	0.83	0.24	-0.65	0.81	0.58	0.01	-0.25	0.64	-0.06	0.87	-0.23	0.73	0.81	0.81	0.76	-0.25		0.28	0.86	0.17	-0.18	0.61	0.9	-0.14
Net Tangible Assets	0.72	0.5	0.53	0.95	0.1	0.48	0.86	0.68	-0.05	0.83	0.87	0.53	0.35	0.64	0.63	0.63	0.41	-0.22	0.28		-0.01	0.84	-0.01	0.92	0.65	0.68
Other Stockholder Equity	0.64	0.31	0.78	-0.13	-0.86	0.81	0.32	-0.3	-0.42	0.41	-0.33	0.79	-0.41	0.62	0.73	0.5	0.53	-0.53	0.86	-0.01		-0.1	-0.12	0.31	0.68	-0.45
Deferred Long Term Liab	0.63	0.42	0.48	0.83	0.05	0.41	0.71	0.75	0.12	0.79	0.65	0.47	0.55	0.69	0.55	0.54	0.3	-0.24	0.17	0.84	-0.1		0.28	0.77	0.53	0.71
Long Term Investments	-0.1	-0.26	-0.09	-0.02	0.0	-0.03	-0.14	-0.03	-0.13	-0.04	-0.1	-0.12	0.23	0.0	-0.08	-0.31	-0.2	-0.2	-0.18	-0.01	-0.12	0.28		-0.15	-0.19	-0.27
Total Current Assets	0.91	0.72	0.76	0.87	-0.16	0.7	0.93	0.59	-0.07	0.95	0.68	0.78	0.21	0.82	0.83	0.87	0.63	-0.26	0.61	0.92	0.31	0.77	-0.15		0.88	0.56
Non Current Assets Total	0.97	0.73	0.92	0.58	-0.52	0.88	0.83	0.33	-0.25	0.89	0.31	0.95	-0.01	0.9	0.94	0.92	0.73	-0.36	0.9	0.65	0.68	0.53	-0.19	0.88		0.25
Non Currrent Assets Other	0.31	0.36	0.13	0.73	0.38	0.01	0.53	0.78	0.26	0.49	0.69	0.12	0.52	0.31	0.19	0.42	0.08	0.1	-0.14	0.68	-0.45	0.71	-0.27	0.56	0.25

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Ningbo Tech Account Relationship Matchups

Ningbo Tech fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	7.5B	15.5B	18.5B	19.6B	17.2B	18.1B
Other Current Liab	1.4B	2.4B	4.1B	3.9B	4.0M	3.8M
Total Current Liabilities	4.0B	5.1B	9.9B	11.7B	12.4B	13.0B
Total Stockholder Equity	2.9B	8.8B	3.5B	3.9B	2.2B	1.7B
Retained Earnings	348.1M	3.6B	(1.8B)	(1.6B)	(4.5B)	(4.2B)
Accounts Payable	357.5M	1.0B	2.0B	3.3B	3.4B	3.6B
Cash	869.8M	2.1B	1.9B	970.5M	1.3B	1.3B
Other Assets	322.2M	425.0M	167.2M	177.4M	204.1M	135.8M
Net Receivables	130.4M	171.2M	213.7M	62.3M	37.0M	35.2M
Inventory	1.1B	2.6B	1.8B	2.6B	2.0B	2.1B
Other Current Assets	141.0M	776.7M	139.1M	108.8M	125.9M	113.7M
Total Liab	4.6B	6.7B	14.8B	15.6B	14.9B	15.7B
Intangible Assets	115.8M	114.0M	49.3M	42.4M	60.5M	55.5M
Property Plant Equipment	4.7B	9.0B	13.7B	13.3B	15.3B	16.1B
Long Term Debt	580.4M	793.7M	1.4B	1.0B	584.3M	417.9M
Other Liab	20.1M	149.8M	489.3M	101.5M	116.7M	80.5M
Net Tangible Assets	2.7B	8.6B	3.1B	3.5B	4.1B	3.5B
Other Stockholder Equity	(13.4M)	(13.3M)	(15.1M)	(3.7M)	(4.2M)	(4.4M)
Deferred Long Term Liab	155.8M	140.3M	226.0M	106.9M	122.9M	142.6M
Total Current Assets	2.2B	5.8B	4.0B	4.3B	3.6B	3.2B
Non Current Assets Total	5.3B	9.7B	14.5B	15.2B	13.6B	9.1B
Non Currrent Assets Other	162.7M	178.5M	25.6M	38.4M	31.4M	29.8M
Non Current Liabilities Total	600.5M	1.6B	4.9B	3.8B	2.5B	1.9B
Short Long Term Debt	2.0B	1.3B	2.6B	2.5B	2.7B	1.9B
Non Current Liabilities Other	9.4M	10.8M	8.0M	46.8M	53.9M	56.6M
Net Debt	1.2B	10.4M	2.1B	2.6B	2.0B	1.4B
Net Invested Capital	4.9B	10.9B	7.4B	7.5B	5.5B	6.9B
Net Working Capital	(1.8B)	711.1M	(5.9B)	(7.4B)	(8.8B)	(8.3B)

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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.

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Ningbo Cash vs Long Term Debt Analysis

Cash vs Long Term Debt

Cash vs Long Term Debt Correlation Analysis

Correlation Coefficient

Cash

Long Term Debt

Ningbo Tech fundamental ratios Correlations

Ningbo Tech Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Ningbo Tech fundamental ratios Accounts

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COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Liab	+ 0.99	Total Current Liabilities
Property Plant Equipment	+ 0.99	Total Current Liabilities
Property Plant Equipment	+ 0.99	Total Liab
Property Plant Equipment	+ 0.98	Total Assets
Accounts Payable	+ 0.98	Total Current Liabilities
Total Liab	+ 0.97	Total Assets

Other Stockholder Equity	- 0.86	Retained Earnings
Accounts Payable	- 0.78	Retained Earnings
Retained Earnings	- 0.75	Total Current Liabilities
Short Term Investments	- 0.71	Accounts Payable
Total Liab	- 0.71	Retained Earnings
Property Plant Equipment	- 0.67	Retained Earnings