Anhui Long Term Debt vs Non Current Assets Total Analysis

002597 Stock   22.80  0.07  0.31%   
Anhui Jinhe financial indicator trend analysis is way more than just evaluating Anhui Jinhe Industrial prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Anhui Jinhe Industrial is a good investment. Please check the relationship between Anhui Jinhe Long Term Debt and its Non Current Assets Total accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Anhui Jinhe Industrial. 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 Assets Total

Long Term Debt vs Non Current Assets Total Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Anhui Jinhe Industrial Long Term Debt account and Non Current Assets Total. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Anhui Jinhe's Long Term Debt and Non Current Assets Total is 0.54. Overlapping area represents the amount of variation of Long Term Debt that can explain the historical movement of Non Current Assets Total in the same time period over historical financial statements of Anhui Jinhe Industrial, assuming nothing else is changed. The correlation between historical values of Anhui Jinhe's Long Term Debt and Non Current Assets 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 Anhui Jinhe Industrial are associated (or correlated) with its Non Current Assets Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Assets Total has no effect on the direction of Long Term Debt i.e., Anhui Jinhe's Long Term Debt and Non Current Assets Total go up and down completely randomly.

Correlation Coefficient

0.54
Relationship DirectionPositive 
Relationship StrengthWeak

Long Term Debt

Long-term debt is a debt that Anhui Jinhe Industrial has held for over one year. Long-term debt appears on Anhui Jinhe Industrial 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 Anhui Jinhe Industrial 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 Assets Total

The total value of a company's long-term assets, which are not expected to be converted into cash or used up within one year or the operating cycle, including property, plant, and equipment, and intangible assets.
Most indicators from Anhui Jinhe's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Anhui Jinhe Industrial 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 Anhui Jinhe Industrial. 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 171.7 M. The current year's Tax Provision is expected to grow to about 159 M
 2021 2022 2023 2024 (projected)
Operating Income1.3B2.1B741.3M661.3M
Total Revenue5.8B7.3B5.3B3.9B

Anhui Jinhe fundamental ratios Correlations

0.920.480.930.880.390.80.54-0.610.850.90.840.790.90.050.770.960.940.790.780.38-0.470.960.980.690.58
0.920.60.910.780.370.680.45-0.410.750.820.750.680.910.170.830.90.970.860.680.42-0.380.970.940.740.49
0.480.60.580.40.330.27-0.37-0.20.40.250.420.30.58-0.180.20.530.550.260.440.15-0.20.520.540.810.51
0.930.910.580.790.310.690.49-0.460.760.910.740.710.830.20.620.850.890.640.730.58-0.370.960.930.840.54
0.880.780.40.790.530.960.47-0.780.990.790.950.960.78-0.120.660.860.810.680.690.23-0.620.820.860.570.76
0.390.370.330.310.530.670.05-0.240.570.180.40.680.3-0.370.220.270.340.370.67-0.25-0.480.360.280.380.78
0.80.680.270.690.960.670.49-0.70.960.70.851.00.66-0.130.560.720.70.610.710.13-0.620.720.730.50.84
0.540.45-0.370.490.470.050.49-0.320.420.730.430.470.340.370.60.440.50.560.430.35-0.160.560.50.050.07
-0.61-0.41-0.2-0.46-0.78-0.24-0.7-0.32-0.77-0.55-0.9-0.69-0.430.25-0.43-0.69-0.51-0.4-0.420.00.39-0.48-0.62-0.19-0.51
0.850.750.40.760.990.570.960.42-0.770.740.930.960.77-0.180.620.830.760.650.680.17-0.70.790.820.560.79
0.90.820.250.910.790.180.70.73-0.550.740.760.70.760.290.720.840.830.710.630.61-0.380.920.90.560.36
0.840.750.420.740.950.40.850.43-0.90.930.760.850.72-0.110.680.880.80.680.60.18-0.490.790.860.490.64
0.790.680.30.710.960.681.00.47-0.690.960.70.850.66-0.130.540.710.70.590.730.13-0.630.730.730.530.85
0.90.910.580.830.780.30.660.34-0.430.770.760.720.660.00.760.930.870.780.620.3-0.580.890.920.670.49
0.050.17-0.180.2-0.12-0.37-0.130.370.25-0.180.29-0.11-0.130.00.19-0.030.140.13-0.180.510.40.190.080.07-0.33
0.770.830.20.620.660.220.560.6-0.430.620.720.680.540.760.190.80.850.980.470.25-0.320.80.80.250.19
0.960.90.530.850.860.270.720.44-0.690.830.840.880.710.93-0.030.80.920.80.660.28-0.490.910.980.610.5
0.940.970.550.890.810.340.70.5-0.510.760.830.80.70.870.140.850.920.860.70.36-0.290.960.950.670.51
0.790.860.260.640.680.370.610.56-0.40.650.710.680.590.780.130.980.80.860.570.19-0.360.820.80.310.28
0.780.680.440.730.690.670.710.43-0.420.680.630.60.730.62-0.180.470.660.70.570.02-0.410.740.690.610.71
0.380.420.150.580.23-0.250.130.350.00.170.610.180.130.30.510.250.280.360.190.020.120.490.440.44-0.13
-0.47-0.38-0.2-0.37-0.62-0.48-0.62-0.160.39-0.7-0.38-0.49-0.63-0.580.4-0.32-0.49-0.29-0.36-0.410.12-0.4-0.42-0.28-0.54
0.960.970.520.960.820.360.720.56-0.480.790.920.790.730.890.190.80.910.960.820.740.49-0.40.970.730.5
0.980.940.540.930.860.280.730.5-0.620.820.90.860.730.920.080.80.980.950.80.690.44-0.420.970.680.5
0.690.740.810.840.570.380.50.05-0.190.560.560.490.530.670.070.250.610.670.310.610.44-0.280.730.680.63
0.580.490.510.540.760.780.840.07-0.510.790.360.640.850.49-0.330.190.50.510.280.71-0.13-0.540.50.50.63
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Anhui Jinhe Account Relationship Matchups

Anhui Jinhe fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets6.1B7.0B8.8B10.3B9.7B5.2B
Short Long Term Debt Total600.5M775.1M1.4B1.6B905.9M645.3M
Other Current Liab71.6M34.6M47.3M574.1M91.8M123.8M
Total Current Liabilities1.1B1.5B1.8B2.5B2.0B1.2B
Total Stockholder Equity4.5B4.9B5.8B7.0B7.1B7.5B
Other Liab42.7M65.4M88.9M160.0M184.0M193.2M
Property Plant And Equipment Net1.8B2.5B2.8B2.9B3.7B3.9B
Current Deferred Revenue235.8M233.8M400.6M66.7M335.5M192.9M
Net Debt(1.2B)(363.9M)(604.9M)(783.8M)(1.4B)(1.4B)
Retained Earnings3.0B3.4B4.4B5.7B6.0B6.3B
Accounts Payable716.5M942.2M1.1B927.9M1.1B626.1M
Cash1.8B1.1B2.0B2.4B2.3B2.5B
Non Current Assets Total2.1B2.9B3.4B3.6B4.6B4.9B
Non Currrent Assets Other1.0B952.0M1.4B1.9B823.4M534.6M
Other Assets125.4M1.083.2M150.0M1.151.09
Long Term Debt499.8M483.2M1.1B616.2M426.2M358.1M
Cash And Short Term Investments2.7B2.0B3.3B4.1B3.1B1.6B
Net Receivables812.8M854.2M1.5B1.6B1.1B816.2M
Liabilities And Stockholders Equity6.1B7.0B8.8B10.3B9.7B5.2B
Non Current Liabilities Total542.5M548.7M1.2B778.0M577.5M436.7M
Inventory372.6M340.3M505.7M627.4M783.6M395.2M
Other Current Assets89.1M888.5M243.9M444.4M129.7M123.2M
Other Stockholder Equity358.7M411.3M355.4M194.1M93.7M89.0M
Total Liab1.7B2.1B3.0B3.3B2.6B1.7B
Total Current Assets4.0B4.1B5.5B6.7B5.1B3.1B
Short Term Debt100.8M291.8M241.9M958.7M474.9M286.7M
Intangible Assets101.8M117.5M120.0M266.8M263.2M276.4M
Common Stock558.8M560.9M560.9M560.9M570.0M428.7M
Property Plant Equipment1.8B2.5B2.8B2.9B3.3B3.4B
Short Term Investments950.3M880.4M1.3B1.7B720.0M645.1M
Net Tangible Assets4.4B4.8B5.7B6.8B7.8B4.6B
Deferred Long Term Liab51.9M51.1M44.7M26.1M30.0M42.1M
Short Long Term Debt100.1M291.2M176.2M204.2M180.1M164.5M
Common Stock Shares Outstanding558.8M560.9M560.9M560.9M570.0M618.3M
Net Invested Capital5.1B5.7B7.2B7.9B7.7B6.7B
Net Working Capital2.9B2.6B3.7B4.2B3.1B3.3B
Capital Stock558.8M560.9M560.9M560.9M570.0M617.9M

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Other Information on Investing in Anhui Stock

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