Shenzhen Net Debt vs Other Stockholder Equity 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 Net Debt and its Other Stockholder Equity 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.

Net Debt vs Other Stockholder Equity

Net Debt vs Other Stockholder Equity Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Shenzhen Glory Medical Net Debt account and Other Stockholder Equity. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Shenzhen Glory's Net Debt and Other Stockholder Equity is -0.22. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Other Stockholder Equity 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 Net Debt and Other Stockholder Equity is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Debt of Shenzhen Glory Medical are associated (or correlated) with its Other Stockholder Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Stockholder Equity has no effect on the direction of Net Debt i.e., Shenzhen Glory's Net Debt and Other Stockholder Equity go up and down completely randomly.

Correlation Coefficient

-0.22

Relationship Direction	Negative
Relationship Strength	Insignificant

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Net Debt

The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.

Other Stockholder Equity

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 Net Debt vs Other Stockholder Equity Analysis

Net Debt vs Other Stockholder Equity

Net Debt vs Other Stockholder Equity Correlation Analysis

Correlation Coefficient

Net Debt

Other Stockholder Equity

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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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