Shenzhen Long Term Debt vs Non Current Liabilities Total Analysis

002551 Stock

3.38 0.08 2.42%

Shenzhen Glory financial indicator trend analysis is much more than just breaking down Shenzhen Glory Medical prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Shenzhen Glory Medical is a good investment. Please check the relationship between Shenzhen Glory Long Term Debt and its Non Current Liabilities Total accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Shenzhen Glory Medical. 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.

Long Term Debt vs Non Current Liabilities Total

Long Term Debt vs Non Current Liabilities Total Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Shenzhen Glory Medical Long Term Debt account and Non Current Liabilities Total. At this time, the significance of the direction appears to have totally related.

The correlation between Shenzhen Glory's Long Term Debt and Non Current Liabilities Total is 0.99. Overlapping area represents the amount of variation of Long Term Debt that can explain the historical movement of Non Current Liabilities Total in the same time period over historical financial statements of Shenzhen Glory Medical, assuming nothing else is changed. The correlation between historical values of Shenzhen Glory's Long Term Debt and Non Current Liabilities Total 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 Shenzhen Glory Medical are associated (or correlated) with its Non Current Liabilities Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Liabilities Total has no effect on the direction of Long Term Debt i.e., Shenzhen Glory's Long Term Debt and Non Current Liabilities Total go up and down completely randomly.

Correlation Coefficient

0.99

Relationship Direction	Positive
Relationship Strength	Very Strong

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Long Term Debt

Long-term debt is a debt that Shenzhen Glory Medical has held for over one year. Long-term debt appears on Shenzhen Glory Medical 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 Shenzhen Glory Medical 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.

Non Current Liabilities Total

Most indicators from Shenzhen Glory's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Shenzhen Glory Medical 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 Shenzhen Glory Medical. 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.

The current year's Selling General Administrative is expected to grow to about 103.2 M. The current year's Tax Provision is expected to grow to about 34.8 M

	2021	2022	2023	2024 (projected)
Gross Profit	362.9M	221.9M	197.6M	319.4M
Research Development	52.4M	48.2M	40.1M	52.2M

Gross Profit Research Development

Shenzhen Glory fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Other Assets	Long Term Debt	Cash And Short Term Investments	Net Receivables	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Intangible Assets	Common Stock
Total Assets		0.73	0.12	0.81	0.94	0.57	0.88	0.77	0.23	0.97	0.72	0.38	0.97	0.7	0.62	0.59	0.78	0.7	0.83	0.46	0.77	0.91	0.94	0.49	0.8	0.94
Short Long Term Debt Total	0.73		-0.1	0.48	0.6	0.35	0.75	0.44	0.56	0.69	0.47	0.24	0.71	0.57	0.95	0.49	0.53	0.97	0.52	0.37	0.37	0.76	0.68	0.34	0.52	0.64
Other Current Liab	0.12	-0.1		0.32	0.05	0.32	0.17	-0.29	0.18	0.08	0.37	-0.33	0.1	-0.19	-0.15	-0.29	0.37	-0.09	0.22	0.31	0.01	0.21	0.14	0.29	0.42	0.1
Total Current Liabilities	0.81	0.48	0.32		0.61	0.76	0.73	0.63	0.29	0.75	0.97	0.09	0.72	0.5	0.29	0.13	0.97	0.4	0.79	0.79	0.39	0.93	0.86	0.8	0.62	0.67
Total Stockholder Equity	0.94	0.6	0.05	0.61		0.39	0.78	0.79	0.05	0.92	0.49	0.47	0.94	0.65	0.55	0.73	0.57	0.61	0.78	0.23	0.92	0.72	0.84	0.24	0.79	0.96
Other Liab	0.57	0.35	0.32	0.76	0.39		0.34	0.46	0.31	0.45	0.72	-0.06	0.51	0.12	0.29	0.02	0.74	0.38	0.51	0.62	0.29	0.74	0.6	0.61	0.51	0.4
Property Plant And Equipment Net	0.88	0.75	0.17	0.73	0.78	0.34		0.51	0.32	0.9	0.72	0.3	0.87	0.75	0.62	0.44	0.76	0.67	0.65	0.44	0.53	0.83	0.82	0.48	0.62	0.83
Current Deferred Revenue	0.77	0.44	-0.29	0.63	0.79	0.46	0.51		0.08	0.76	0.46	0.29	0.77	0.6	0.37	0.49	0.51	0.44	0.74	0.32	0.69	0.67	0.7	0.31	0.58	0.78
Net Debt	0.23	0.56	0.18	0.29	0.05	0.31	0.32	0.08		0.17	0.3	-0.67	0.31	-0.02	0.53	-0.37	0.28	0.55	0.28	0.34	-0.22	0.44	0.09	0.19	0.41	0.26
Retained Earnings	0.97	0.69	0.08	0.75	0.92	0.45	0.9	0.76	0.17		0.66	0.41	0.95	0.82	0.58	0.59	0.74	0.64	0.73	0.41	0.73	0.84	0.89	0.45	0.72	0.91
Accounts Payable	0.72	0.47	0.37	0.97	0.49	0.72	0.72	0.46	0.3	0.66		0.06	0.62	0.44	0.28	0.05	0.97	0.38	0.69	0.78	0.25	0.9	0.8	0.8	0.52	0.56
Cash	0.38	0.24	-0.33	0.09	0.47	-0.06	0.3	0.29	-0.67	0.41	0.06		0.27	0.51	0.22	0.87	0.13	0.21	0.13	-0.09	0.59	0.15	0.5	0.05	-0.02	0.26
Non Current Assets Total	0.97	0.71	0.1	0.72	0.94	0.51	0.87	0.77	0.31	0.95	0.62	0.27		0.68	0.65	0.55	0.67	0.71	0.78	0.33	0.77	0.84	0.83	0.34	0.84	0.97
Other Assets	0.7	0.57	-0.19	0.5	0.65	0.12	0.75	0.6	-0.02	0.82	0.44	0.51	0.68		0.45	0.52	0.54	0.48	0.39	0.31	0.44	0.58	0.66	0.42	0.27	0.6
Long Term Debt	0.62	0.95	-0.15	0.29	0.55	0.29	0.62	0.37	0.53	0.58	0.28	0.22	0.65	0.45		0.53	0.33	0.99	0.41	0.11	0.39	0.62	0.53	0.07	0.49	0.56
Cash And Short Term Investments	0.59	0.49	-0.29	0.13	0.73	0.02	0.44	0.49	-0.37	0.59	0.05	0.87	0.55	0.52	0.53		0.13	0.53	0.37	-0.16	0.82	0.31	0.6	-0.09	0.35	0.57
Net Receivables	0.78	0.53	0.37	0.97	0.57	0.74	0.76	0.51	0.28	0.74	0.97	0.13	0.67	0.54	0.33	0.13		0.43	0.68	0.82	0.33	0.92	0.86	0.83	0.53	0.61
Non Current Liabilities Total	0.7	0.97	-0.09	0.4	0.61	0.38	0.67	0.44	0.55	0.64	0.38	0.21	0.71	0.48	0.99	0.53	0.43		0.5	0.21	0.44	0.71	0.62	0.17	0.57	0.64
Inventory	0.83	0.52	0.22	0.79	0.78	0.51	0.65	0.74	0.28	0.73	0.69	0.13	0.78	0.39	0.41	0.37	0.68	0.5		0.47	0.65	0.81	0.81	0.45	0.82	0.83
Other Current Assets	0.46	0.37	0.31	0.79	0.23	0.62	0.44	0.32	0.34	0.41	0.78	-0.09	0.33	0.31	0.11	-0.16	0.82	0.21	0.47		0.0	0.7	0.61	0.94	0.3	0.31
Other Stockholder Equity	0.77	0.37	0.01	0.39	0.92	0.29	0.53	0.69	-0.22	0.73	0.25	0.59	0.77	0.44	0.39	0.82	0.33	0.44	0.65	0.0		0.48	0.7	0.01	0.68	0.82
Total Liab	0.91	0.76	0.21	0.93	0.72	0.74	0.83	0.67	0.44	0.84	0.9	0.15	0.84	0.58	0.62	0.31	0.92	0.71	0.81	0.7	0.48		0.91	0.68	0.71	0.78
Total Current Assets	0.94	0.68	0.14	0.86	0.84	0.6	0.82	0.7	0.09	0.89	0.8	0.5	0.83	0.66	0.53	0.6	0.86	0.62	0.81	0.61	0.7	0.91		0.63	0.66	0.81
Short Term Debt	0.49	0.34	0.29	0.8	0.24	0.61	0.48	0.31	0.19	0.45	0.8	0.05	0.34	0.42	0.07	-0.09	0.83	0.17	0.45	0.94	0.01	0.68	0.63		0.23	0.29
Intangible Assets	0.8	0.52	0.42	0.62	0.79	0.51	0.62	0.58	0.41	0.72	0.52	-0.02	0.84	0.27	0.49	0.35	0.53	0.57	0.82	0.3	0.68	0.71	0.66	0.23		0.86
Common Stock	0.94	0.64	0.1	0.67	0.96	0.4	0.83	0.78	0.26	0.91	0.56	0.26	0.97	0.6	0.56	0.57	0.61	0.64	0.83	0.31	0.82	0.78	0.81	0.29	0.86

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Shenzhen Glory Account Relationship Matchups

Shenzhen Glory fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	4.7B	5.1B	5.0B	4.3B	3.9B	3.0B
Short Long Term Debt Total	937.9M	479.9M	392.2M	332.1M	290.6M	248.1M
Other Current Liab	64.5M	5.1M	7.5M	237.1M	24.2M	23.0M
Total Current Liabilities	1.0B	1.0B	1.1B	882.2M	829.8M	821.5M
Total Stockholder Equity	2.3B	3.0B	3.1B	2.8B	2.6B	1.8B
Other Liab	72.8M	76.3M	86.3M	88.4M	101.7M	67.3M
Property Plant And Equipment Net	987.8M	785.1M	637.6M	556.0M	488.8M	483.0M
Current Deferred Revenue	187.5M	387.8M	593.8M	223.6M	402.7M	211.9M
Net Debt	170.6M	(663.4M)	(404.2M)	(153.2M)	(199.7M)	(209.7M)
Retained Earnings	665.3M	772.1M	829.7M	578.7M	429.8M	435.3M
Accounts Payable	641.3M	466.9M	447.1M	380.0M	381.9M	418.5M
Cash	767.3M	1.1B	796.4M	485.2M	490.3M	584.5M
Non Current Assets Total	2.2B	2.5B	2.6B	2.2B	2.1B	1.3B
Other Assets	849.4M	1.1B	1.2B	1.0	1.15	1.09
Long Term Debt	829.0M	301.2M	331.1M	290.6M	269.5M	188.2M
Cash And Short Term Investments	1.1B	1.3B	1.1B	920.1M	818.2M	679.8M
Net Receivables	1.0B	904.1M	871.2M	653.9M	611.0M	714.2M
Liabilities And Stockholders Equity	4.7B	5.1B	5.0B	4.3B	3.9B	3.0B
Non Current Liabilities Total	901.8M	377.4M	417.4M	379.0M	354.2M	227.7M
Inventory	302.9M	343.7M	375.9M	416.8M	371.5M	254.1M
Other Current Assets	111.7M	99.0M	57.4M	37.4M	21.9M	20.8M
Other Stockholder Equity	881.6M	1.3B	1.4B	1.3B	1.3B	836.2M
Total Liab	1.9B	1.4B	1.5B	1.3B	1.2B	1.0B
Total Current Assets	2.5B	2.6B	2.4B	2.0B	1.8B	1.7B
Short Term Debt	108.8M	178.7M	61.1M	41.5M	21.1M	20.0M
Intangible Assets	233.6M	217.2M	275.6M	510.0M	280.4M	173.5M
Common Stock	706.0M	820.3M	844.7M	844.8M	844.8M	484.9M
Property Plant Equipment	987.8M	785.1M	637.6M	556.0M	639.4M	486.3M
Non Currrent Assets Other	1.1B	1.2B	1.4B	1.3B	1.4B	1.5B
Short Term Investments	295.4M	121.1M	292.5M	434.9M	327.9M	344.3M
Net Tangible Assets	2.0B	2.7B	2.8B	2.2B	2.6B	2.2B
Deferred Long Term Liab	7.4M	13.5M	10.9M	6.5M	7.5M	8.4M
Short Long Term Debt	74.1M	138.9M	51.3M	1.9M	1.7M	1.6M
Non Current Liabilities Other	35.6M	829.0M	10.9M	3.7M	4.2M	4.0M
Common Stock Shares Outstanding	706.0M	820.3M	844.7M	844.8M	844.8M	859.9M
Net Invested Capital	3.2B	3.4B	3.5B	3.0B	2.9B	3.3B
Net Working Capital	1.5B	1.6B	1.3B	1.1B	992.9M	1.3B

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Other Information on Investing in Shenzhen Stock

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

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Shenzhen Long Term Debt vs Non Current Liabilities Total Analysis

Long Term Debt vs Non Current Liabilities Total

Long Term Debt vs Non Current Liabilities Total Correlation Analysis

Correlation Coefficient

Long Term Debt

Non Current Liabilities Total

Shenzhen Glory fundamental ratios Correlations

Shenzhen Glory Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Shenzhen Glory fundamental ratios Accounts

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Other Information on Investing in Shenzhen Stock

COMMON DESTINATIONS

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Non Current Liabilities Total	+ 0.99	Long Term Debt
Retained Earnings	+ 0.97	Total Assets
Non Current Assets Total	+ 0.97	Total Assets
Non Current Liabilities Total	+ 0.97	Short Long Term Debt Total
Accounts Payable	+ 0.97	Total Current Liabilities
Net Receivables	+ 0.97	Total Current Liabilities

Cash	- 0.67	Net Debt
Cash And Short Term Investments	- 0.37	Net Debt
Cash	- 0.33	Other Current Liab
Cash And Short Term Investments	- 0.29	Other Current Liab
Current Deferred Revenue	- 0.29	Other Current Liab
Other Stockholder Equity	- 0.22	Net Debt