Hengerda Non Current Liabilities Total vs Net Invested Capital Analysis

300946 Stock   30.05  0.12  0.40%   
Hengerda New financial indicator trend analysis is much more than just examining Hengerda New Materials latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Hengerda New Materials is a good investment. Please check the relationship between Hengerda New Non Current Liabilities Total and its Net Invested Capital accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Hengerda New Materials. 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.

Non Current Liabilities Total vs Net Invested Capital

Non Current Liabilities Total vs Net Invested Capital Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Hengerda New Materials Non Current Liabilities Total account and Net Invested Capital. At this time, the significance of the direction appears to have strong relationship.
The correlation between Hengerda New's Non Current Liabilities Total and Net Invested Capital is 0.72. Overlapping area represents the amount of variation of Non Current Liabilities Total that can explain the historical movement of Net Invested Capital in the same time period over historical financial statements of Hengerda New Materials, assuming nothing else is changed. The correlation between historical values of Hengerda New's Non Current Liabilities Total and Net Invested Capital is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Non Current Liabilities Total of Hengerda New Materials are associated (or correlated) with its Net Invested Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Invested Capital has no effect on the direction of Non Current Liabilities Total i.e., Hengerda New's Non Current Liabilities Total and Net Invested Capital go up and down completely randomly.

Correlation Coefficient

0.72
Relationship DirectionPositive 
Relationship StrengthSignificant

Non Current Liabilities Total

Net Invested Capital

The total amount of capital invested in a company, including both equity and debt, minus any cash or cash equivalents.
Most indicators from Hengerda New's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Hengerda New 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 Hengerda New Materials. 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.
As of December 13, 2024, Tax Provision is expected to decline to about 8.6 M. In addition to that, Selling General Administrative is expected to decline to about 17 M
 2021 2022 2023 2024 (projected)
Interest Expense80.6K330.4K499.4K474.4K
Interest Income2.0M747.9K507.3K859.0K

Hengerda New fundamental ratios Correlations

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0.87-0.270.810.880.970.770.940.510.870.90.870.930.071.00.850.180.710.880.570.70.94-0.690.94-0.850.94
0.99-0.470.810.980.940.840.920.910.990.980.690.940.390.791.0-0.420.970.90.920.870.86-0.540.87-0.810.64
0.99-0.530.880.980.960.880.960.840.990.960.740.950.270.850.98-0.280.910.930.830.910.9-0.580.91-0.850.71
0.97-0.390.970.940.960.830.970.720.960.980.820.970.240.950.96-0.080.860.920.760.820.94-0.640.95-0.860.85
0.86-0.230.770.840.880.830.930.690.90.830.750.91-0.160.780.86-0.140.690.970.60.70.93-0.560.93-0.920.67
0.95-0.330.940.920.960.970.930.70.960.950.820.990.040.930.94-0.060.80.990.690.780.99-0.60.99-0.910.82
0.87-0.540.510.910.840.720.690.70.860.830.410.730.560.470.89-0.750.950.710.980.810.61-0.330.62-0.60.29
0.99-0.430.870.990.990.960.90.960.860.980.760.970.260.850.99-0.310.920.950.850.860.92-0.590.93-0.880.72
0.99-0.350.90.980.960.980.830.950.830.980.780.980.330.880.99-0.260.930.930.860.80.92-0.610.92-0.850.77
0.74-0.020.870.690.740.820.750.820.410.760.780.83-0.090.870.720.230.580.780.450.570.87-0.940.87-0.940.94
0.96-0.250.930.940.950.970.910.990.730.970.980.830.110.920.96-0.110.840.980.740.740.98-0.640.98-0.920.83
0.34-0.50.070.390.270.24-0.160.040.560.260.33-0.090.110.010.35-0.660.6-0.020.680.41-0.070.02-0.050.13-0.09
0.85-0.211.00.790.850.950.780.930.470.850.880.870.920.010.820.230.670.880.520.650.95-0.670.95-0.850.95
1.0-0.450.851.00.980.960.860.940.890.990.990.720.960.350.82-0.360.950.920.890.860.89-0.560.9-0.830.68
-0.330.440.18-0.42-0.28-0.08-0.14-0.06-0.75-0.31-0.260.23-0.11-0.660.23-0.36-0.56-0.11-0.7-0.40.05-0.180.04-0.020.39
0.95-0.510.710.970.910.860.690.80.950.920.930.580.840.60.670.95-0.560.770.980.850.72-0.480.73-0.680.52
0.93-0.240.880.90.930.920.970.990.710.950.930.780.98-0.020.880.92-0.110.770.670.710.98-0.550.98-0.910.76
0.88-0.530.570.920.830.760.60.690.980.850.860.450.740.680.520.89-0.70.980.670.810.6-0.380.61-0.570.37
0.86-0.810.70.870.910.820.70.780.810.860.80.570.740.410.650.86-0.40.850.710.810.68-0.480.68-0.660.5
0.9-0.170.940.860.90.940.930.990.610.920.920.870.98-0.070.950.890.050.720.980.60.68-0.661.0-0.940.88
-0.57-0.02-0.69-0.54-0.58-0.64-0.56-0.6-0.33-0.59-0.61-0.94-0.640.02-0.67-0.56-0.18-0.48-0.55-0.38-0.48-0.66-0.670.83-0.82
0.91-0.180.940.870.910.950.930.990.620.930.920.870.98-0.050.950.90.040.730.980.610.681.0-0.67-0.940.88
-0.840.11-0.85-0.81-0.85-0.86-0.92-0.91-0.6-0.88-0.85-0.94-0.920.13-0.85-0.83-0.02-0.68-0.91-0.57-0.66-0.940.83-0.94-0.84
0.71-0.010.940.640.710.850.670.820.290.720.770.940.83-0.090.950.680.390.520.760.370.50.88-0.820.88-0.84
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Hengerda New Account Relationship Matchups

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Other Information on Investing in Hengerda Stock

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