Dirui Net Tangible Assets vs Long Term Debt Analysis

300396 Stock   16.38  0.32  1.92%   
Dirui Industrial financial indicator trend analysis is much more than just examining Dirui Industrial latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Dirui Industrial is a good investment. Please check the relationship between Dirui Industrial Net Tangible Assets and its Long Term Debt accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Dirui Industrial 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.

Net Tangible Assets vs Long Term Debt

Net Tangible Assets vs Long Term Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Dirui Industrial Net Tangible Assets account and Long Term Debt. At this time, the significance of the direction appears to have almost no relationship.
The correlation between Dirui Industrial's Net Tangible Assets and Long Term Debt is 0.12. Overlapping area represents the amount of variation of Net Tangible Assets that can explain the historical movement of Long Term Debt in the same time period over historical financial statements of Dirui Industrial Co, assuming nothing else is changed. The correlation between historical values of Dirui Industrial's Net Tangible Assets 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 Net Tangible Assets of Dirui Industrial 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 Net Tangible Assets i.e., Dirui Industrial's Net Tangible Assets and Long Term Debt go up and down completely randomly.

Correlation Coefficient

0.12
Relationship DirectionPositive 
Relationship StrengthInsignificant

Net Tangible Assets

The total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company.

Long Term Debt

Long-term debt is a debt that Dirui Industrial has held for over one year. Long-term debt appears on Dirui Industrial 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 Dirui Industrial 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 Dirui Industrial's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Dirui 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 Dirui Industrial 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.
The current year's Tax Provision is expected to grow to about 22.5 M, whereas Selling General Administrative is forecasted to decline to about 184.4 M.
 2021 2022 2023 2024 (projected)
Operating Income199.4M268.5M269.7M200.6M
Total Revenue905.8M1.2B1.4B871.5M

Dirui Industrial fundamental ratios Correlations

0.320.730.970.60.950.640.830.770.770.670.610.770.450.920.550.30.350.840.490.870.80.810.550.10.44
0.32-0.110.380.330.36-0.210.11-0.03-0.06-0.2-0.27-0.090.390.320.390.3-0.130.18-0.490.360.080.02-0.06-0.32-0.48
0.73-0.110.660.270.680.980.650.980.970.980.960.990.110.60.21-0.030.20.730.840.690.810.840.440.430.88
0.970.380.660.520.980.580.860.740.680.630.540.680.380.950.50.470.250.880.40.910.770.790.53-0.060.37
0.60.330.270.520.390.150.230.250.470.210.210.390.870.470.88-0.090.60.130.130.320.110.10.350.210.14
0.950.360.680.980.390.620.870.770.670.650.560.680.270.960.390.50.160.930.410.940.830.850.52-0.090.38
0.64-0.210.980.580.150.620.630.970.930.980.980.96-0.040.520.06-0.060.120.70.850.610.80.840.390.470.89
0.830.110.650.860.230.870.630.740.630.630.580.650.030.780.170.420.190.840.460.740.840.850.41-0.060.41
0.77-0.030.980.740.250.770.970.740.940.960.930.960.060.670.160.130.190.820.770.750.850.90.40.330.8
0.77-0.060.970.680.470.670.930.630.940.940.940.980.30.620.39-0.140.30.640.790.660.740.770.470.50.83
0.67-0.20.980.630.210.650.980.630.960.940.980.950.050.590.17-0.050.090.710.880.680.760.810.460.440.92
0.61-0.270.960.540.210.560.980.580.930.940.980.950.040.50.12-0.170.140.620.890.550.720.770.440.560.92
0.77-0.090.990.680.390.680.960.650.960.980.950.950.210.610.3-0.040.330.710.810.660.80.820.460.440.84
0.450.390.110.380.870.27-0.040.030.060.30.050.040.210.440.94-0.150.45-0.03-0.060.32-0.07-0.10.390.02-0.02
0.920.320.60.950.470.960.520.780.670.620.590.50.610.440.510.450.210.840.360.920.720.740.63-0.120.33
0.550.390.210.50.880.390.060.170.160.390.170.120.30.940.51-0.10.360.090.060.440.030.00.50.010.09
0.30.3-0.030.47-0.090.5-0.060.420.13-0.14-0.05-0.17-0.04-0.150.45-0.10.160.56-0.240.40.310.30.06-0.73-0.25
0.35-0.130.20.250.60.160.120.190.190.30.090.140.330.450.210.360.160.120.1-0.010.20.130.2-0.020.1
0.840.180.730.880.130.930.70.840.820.640.710.620.71-0.030.840.090.560.120.520.870.90.940.42-0.060.47
0.49-0.490.840.40.130.410.850.460.770.790.880.890.81-0.060.360.06-0.240.10.520.450.550.670.310.60.97
0.870.360.690.910.320.940.610.740.750.660.680.550.660.320.920.440.4-0.010.870.450.710.760.48-0.10.44
0.80.080.810.770.110.830.80.840.850.740.760.720.8-0.070.720.030.310.20.90.550.710.970.50.130.51
0.810.020.840.790.10.850.840.850.90.770.810.770.82-0.10.740.00.30.130.940.670.760.970.390.20.61
0.55-0.060.440.530.350.520.390.410.40.470.460.440.460.390.630.50.060.20.420.310.480.50.390.060.31
0.1-0.320.43-0.060.21-0.090.47-0.060.330.50.440.560.440.02-0.120.01-0.73-0.02-0.060.6-0.10.130.20.060.58
0.44-0.480.880.370.140.380.890.410.80.830.920.920.84-0.020.330.09-0.250.10.470.970.440.510.610.310.58
Click cells to compare fundamentals

Dirui Industrial Account Relationship Matchups

Dirui Industrial fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets2.1B2.0B2.4B2.9B3.3B1.9B
Other Current Liab71.0M61.9M108.2M132.3M4.6M4.4M
Total Current Liabilities267.3M339.1M443.7M906.8M1.2B1.3B
Total Stockholder Equity1.5B1.7B1.9B1.9B2.0B1.3B
Other Liab60.2M29.9M54.2M47.3M54.4M54.7M
Retained Earnings979.6M1.1B1.2B1.3B1.4B784.6M
Accounts Payable93.4M94.4M151.9M416.0M556.8M584.7M
Cash450.3M687.5M460.7M838.1M845.7M443.1M
Other Assets80.2M88.1M141.2M257.8M296.4M311.2M
Net Receivables188.1M107.7M156.4M345.3M432.1M453.7M
Inventory219.6M218.4M237.3M375.9M572.9M601.6M
Other Current Assets25.5M10.0M34.5M92.9M161.6M169.7M
Total Liab327.5M368.9M499.3M1.0B1.3B1.3B
Intangible Assets280.8M100.3M102.7M99.2M92.9M166.1M
Property Plant Equipment282.2M214.4M197.2M183.7M211.2M244.0M
Short Term Investments171.2K85.4M421.4M170.6M185.8K176.6K
Net Tangible Assets869.8M1.6B1.8B1.8B2.1B1.1B
Deferred Long Term Liab29.7M31.3M26.6M30.0M34.5M25.5M
Total Current Assets969.0M1.2B1.3B1.8B2.0B1.3B
Non Current Assets Total1.1B827.9M1.1B1.1B1.3B1.2B
Non Currrent Assets Other8.4M3.4M7.4M10.2M134.8M141.5M
Non Current Liabilities Total60.2M29.9M55.6M98.7M49.6M58.2M
Other Stockholder Equity7.1M6.7M150.1M75.8M87.1M91.5M
Net Invested Capital1.6B1.8B2.0B2.3B2.3B2.0B
Net Working Capital701.6M856.5M866.7M921.7M811.9M793.2M

Also Currently Popular

Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.

Other Information on Investing in Dirui Stock

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