Konfoong Other Assets vs Short Long Term Debt Analysis

300666 Stock   74.50  1.70  2.23%   
Konfoong Materials financial indicator trend analysis is infinitely more than just investigating Konfoong Materials recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Konfoong Materials is a good investment. Please check the relationship between Konfoong Materials Other Assets and its Short Long Term Debt accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Konfoong Materials International. 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.

Other Assets vs Short Long Term Debt

Other Assets vs Short Long Term Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Konfoong Materials Other Assets account and Short Long Term Debt. At this time, the significance of the direction appears to have weak relationship.
The correlation between Konfoong Materials' Other Assets and Short Long Term Debt is 0.36. Overlapping area represents the amount of variation of Other Assets that can explain the historical movement of Short Long Term Debt in the same time period over historical financial statements of Konfoong Materials International, assuming nothing else is changed. The correlation between historical values of Konfoong Materials' Other Assets and Short 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 Other Assets of Konfoong Materials International are associated (or correlated) with its Short Long Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Long Term Debt has no effect on the direction of Other Assets i.e., Konfoong Materials' Other Assets and Short Long Term Debt go up and down completely randomly.

Correlation Coefficient

0.36
Relationship DirectionPositive 
Relationship StrengthVery Weak

Other Assets

Short Long Term Debt

The total of a company's short-term and long-term borrowings.
Most indicators from Konfoong Materials' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Konfoong Materials 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 Konfoong Materials International. 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 72.5 M, whereas Selling General Administrative is forecasted to decline to about 83.2 M.
 2021 2022 2023 2024 (projected)
Gross Profit407.4M695.6M759.7M406.2M
Total Revenue1.6B2.3B2.6B1.4B

Konfoong Materials fundamental ratios Correlations

0.320.790.990.690.990.90.970.840.990.870.860.880.990.90.890.880.140.830.950.240.89-0.630.80.990.87
0.320.180.410.290.360.50.090.670.20.440.45-0.060.21-0.020.550.450.030.150.34-0.070.56-0.250.240.380.34
0.790.180.710.840.710.870.720.770.760.920.90.630.790.670.840.870.250.960.690.680.83-0.90.940.70.88
0.990.410.710.621.00.890.940.870.970.850.830.840.960.860.890.870.070.770.940.130.9-0.570.731.00.85
0.690.290.840.620.610.820.60.650.660.810.870.620.740.680.790.790.620.870.730.550.75-0.710.810.610.75
0.990.360.711.00.610.870.960.850.980.840.820.860.970.870.880.860.050.770.940.130.88-0.560.731.00.84
0.90.50.870.890.820.870.790.940.850.970.990.710.880.751.00.980.270.920.870.290.99-0.720.810.870.94
0.970.090.720.940.60.960.790.690.990.760.750.940.980.940.780.790.060.790.90.180.78-0.520.710.950.79
0.840.670.770.870.650.850.940.690.770.930.910.550.780.590.950.90.130.770.80.240.97-0.730.760.840.88
0.990.20.760.970.660.980.850.990.770.820.810.930.990.940.850.840.120.820.940.210.84-0.580.760.980.83
0.870.440.920.850.810.840.970.760.930.820.980.660.850.690.950.970.250.920.820.440.96-0.860.90.820.97
0.860.450.90.830.870.820.990.750.910.810.980.690.850.730.970.960.380.940.850.360.97-0.790.850.810.94
0.88-0.060.630.840.620.860.710.940.550.930.660.690.931.00.690.670.310.760.910.090.67-0.410.620.860.68
0.990.210.790.960.740.970.880.980.780.990.850.850.930.950.860.860.220.850.960.260.85-0.630.810.960.86
0.9-0.020.670.860.680.870.750.940.590.940.690.731.00.950.720.710.350.790.930.140.7-0.450.660.870.72
0.890.550.840.890.790.881.00.780.950.850.950.970.690.860.720.970.220.890.870.240.99-0.690.780.880.91
0.880.450.870.870.790.860.980.790.90.840.970.960.670.860.710.970.150.90.810.330.96-0.730.820.850.97
0.140.030.250.070.620.050.270.060.130.120.250.380.310.220.350.220.150.360.370.190.19-0.280.280.050.17
0.830.150.960.770.870.770.920.790.770.820.920.940.760.850.790.890.90.360.80.480.87-0.790.860.760.89
0.950.340.690.940.730.940.870.90.80.940.820.850.910.960.930.870.810.370.80.10.86-0.550.720.940.79
0.24-0.070.680.130.550.130.290.180.240.210.440.360.090.260.140.240.330.190.480.10.24-0.770.720.10.36
0.890.560.830.90.750.880.990.780.970.840.960.970.670.850.70.990.960.190.870.860.24-0.710.790.880.92
-0.63-0.25-0.9-0.57-0.71-0.56-0.72-0.52-0.73-0.58-0.86-0.79-0.41-0.63-0.45-0.69-0.73-0.28-0.79-0.55-0.77-0.71-0.95-0.52-0.77
0.80.240.940.730.810.730.810.710.760.760.90.850.620.810.660.780.820.280.860.720.720.79-0.950.70.83
0.990.380.71.00.611.00.870.950.840.980.820.810.860.960.870.880.850.050.760.940.10.88-0.520.70.81
0.870.340.880.850.750.840.940.790.880.830.970.940.680.860.720.910.970.170.890.790.360.92-0.770.830.81
Click cells to compare fundamentals

Konfoong Materials Account Relationship Matchups

Konfoong Materials fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets1.5B2.4B2.9B5.1B6.3B6.6B
Other Current Liab17.2M16.4M17.7M123.0M799.5K759.5K
Total Current Liabilities668.5M1.1B840.9M792.8M1.3B807.8M
Total Stockholder Equity682.6M1.1B1.5B4.0B4.2B4.4B
Other Liab63.0M82.2M107.3M69.7M80.2M62.7M
Net Tangible Assets648.3M967.8M1.3B3.6B4.2B4.4B
Retained Earnings256.3M391.1M467.2M709.6M777.4M420.4M
Accounts Payable178.7M261.6M283.5M420.5M836.0M877.8M
Cash250.7M406.2M482.1M1.3B958.9M572.1M
Non Current Assets Total641.7M1.2B1.4B2.2B3.4B3.6B
Non Currrent Assets Other51.0M53.5M64.0M92.7M102.0M61.8M
Other Assets110.7M126.5M180.0M205.6M236.5M128.1M
Long Term Debt43.9M110.9M464.1M209.2M750.0M787.5M
Net Receivables215.1M260.6M384.6M442.0M665.3M698.6M
Non Current Liabilities Total106.9M199.2M594.7M306.4M864.5M907.7M
Inventory325.1M502.1M588.7M1.1B1.1B559.5M
Other Current Assets33.1M37.3M33.0M60.3M71.6M38.6M
Other Stockholder Equity1.8M1.2M145.7M3.1M3.6M3.4M
Total Liab775.4M1.3B1.4B1.1B2.1B1.1B
Deferred Long Term Liab9.8M10.0M51.7M56.1M64.5M67.7M
Short Long Term Debt450.7M738.0M376.4M151.6M185.2M359.2M
Total Current Assets823.9M1.2B1.5B2.9B2.9B1.5B
Intangible Assets34.3M105.6M130.6M393.1M436.9M458.7M
Property Plant Equipment470.4M677.9M852.2M1.2B1.4B1.5B
Net Invested Capital1.2B1.9B2.3B4.4B5.1B2.6B
Net Working Capital155.4M135.7M647.4M2.1B1.6B1.7B

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Other Information on Investing in Konfoong Stock

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