Wankai Other Current Assets vs Long Term Debt Analysis

301216 Stock

10.73 0.03 0.28%

Wankai New financial indicator trend analysis is more than just analyzing Wankai New Materials current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Wankai New Materials is a good investment. Please check the relationship between Wankai New Other Current Assets and its Long Term Debt accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Wankai 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 board of governors.

Other Current Assets vs Long Term Debt

Other Current Assets vs Long Term Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Wankai New Materials Other Current Assets account and Long Term Debt. At this time, the significance of the direction appears to have weak contrarian relationship.

The correlation between Wankai New's Other Current Assets and Long Term Debt is -0.16. Overlapping area represents the amount of variation of Other Current Assets that can explain the historical movement of Long Term Debt in the same time period over historical financial statements of Wankai New Materials, assuming nothing else is changed. The correlation between historical values of Wankai New's Other Current 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 Other Current Assets of Wankai New Materials 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 Other Current Assets i.e., Wankai New's Other Current Assets and Long Term Debt go up and down completely randomly.

Correlation Coefficient

-0.16

Relationship Direction	Negative
Relationship Strength	Insignificant

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Other Current Assets

Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.

Long Term Debt

Long-term debt is a debt that Wankai New Materials has held for over one year. Long-term debt appears on Wankai New Materials 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 Wankai New Materials 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 Wankai New's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Wankai 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 Wankai 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 board of governors.

The current year's Tax Provision is expected to grow to about 117.3 M, whereas Selling General Administrative is forecasted to decline to about 73.9 M.

	2021	2022	2023	2024 (projected)
Interest Expense	90.4M	141.0M	101.3M	139.8M
Interest Income	4.2M	40.0M	70.0M	54.6M

Interest Expense Interest Income

Wankai New fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Long Term Debt	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Total Liab	Net Invested Capital	Short Long Term Debt	Total Current Assets	Capital Stock	Non Current Liabilities Other	Net Working Capital	Intangible Assets	Property Plant And Equipment Net	Property Plant And Equipment Gross
Total Assets		-0.81	0.99	0.99	0.39	0.94	-0.32	0.82	0.96	0.7	0.13	0.89	0.95	0.66	0.97	0.9	0.98	1.0	0.97	0.99	0.89	-0.1	0.94	0.97	0.97	0.97
Other Current Liab	-0.81		-0.81	-0.76	-0.68	-0.59	0.78	-0.49	-0.81	-0.6	-0.46	-0.89	-0.93	-0.76	-0.85	-0.74	-0.85	-0.82	-0.84	-0.78	-0.67	-0.36	-0.7	-0.71	-0.83	-0.82
Total Current Liabilities	0.99	-0.81		0.96	0.42	0.92	-0.3	0.81	0.92	0.65	0.13	0.94	0.92	0.62	0.95	0.93	0.99	0.99	0.99	0.98	0.83	-0.18	0.91	0.94	0.97	0.96
Total Stockholder Equity	0.99	-0.76	0.96		0.27	0.95	-0.29	0.87	0.93	0.67	0.03	0.84	0.93	0.6	0.94	0.91	0.95	0.99	0.95	0.99	0.89	-0.09	0.97	1.0	0.94	0.94
Net Debt	0.39	-0.68	0.42	0.27		0.23	-0.48	-0.18	0.55	0.52	0.93	0.57	0.54	0.84	0.57	0.18	0.53	0.38	0.41	0.28	0.43	0.19	0.08	0.19	0.55	0.53
Retained Earnings	0.94	-0.59	0.92	0.95	0.23		0.0	0.81	0.92	0.67	0.02	0.74	0.82	0.57	0.91	0.81	0.91	0.93	0.88	0.93	0.91	-0.34	0.89	0.95	0.91	0.92
Accounts Payable	-0.32	0.78	-0.3	-0.29	-0.48	0.0		-0.11	-0.3	-0.16	-0.38	-0.49	-0.55	-0.43	-0.35	-0.35	-0.34	-0.34	-0.37	-0.31	-0.16	-0.82	-0.31	-0.24	-0.3	-0.29
Cash	0.82	-0.49	0.81	0.87	-0.18	0.81	-0.11		0.63	0.34	-0.46	0.68	0.67	0.12	0.65	0.92	0.73	0.83	0.83	0.89	0.59	-0.23	0.95	0.89	0.68	0.69
Non Current Assets Total	0.96	-0.81	0.92	0.93	0.55	0.92	-0.3	0.63		0.81	0.37	0.82	0.95	0.84	1.0	0.75	0.96	0.95	0.89	0.9	0.97	-0.05	0.82	0.91	0.98	0.99
Non Currrent Assets Other	0.7	-0.6	0.65	0.67	0.52	0.67	-0.16	0.34	0.81		0.5	0.53	0.73	0.82	0.78	0.41	0.72	0.67	0.59	0.61	0.85	-0.03	0.53	0.66	0.81	0.82
Long Term Debt	0.13	-0.46	0.13	0.03	0.93	0.02	-0.38	-0.46	0.37	0.5		0.24	0.33	0.8	0.37	-0.16	0.27	0.12	0.1	0.0	0.33	0.3	-0.18	-0.04	0.32	0.32
Net Receivables	0.89	-0.89	0.94	0.84	0.57	0.74	-0.49	0.68	0.82	0.53	0.24		0.89	0.6	0.87	0.91	0.94	0.91	0.96	0.9	0.66	-0.06	0.79	0.79	0.89	0.88
Common Stock Shares Outstanding	0.95	-0.93	0.92	0.93	0.54	0.82	-0.55	0.67	0.95	0.73	0.33	0.89		0.79	0.97	0.82	0.95	0.95	0.92	0.92	0.88	0.18	0.86	0.9	0.95	0.95
Non Current Liabilities Total	0.66	-0.76	0.62	0.6	0.84	0.57	-0.43	0.12	0.84	0.82	0.8	0.6	0.79		0.82	0.33	0.73	0.64	0.58	0.54	0.82	0.23	0.41	0.55	0.78	0.78
Inventory	0.97	-0.85	0.95	0.94	0.57	0.91	-0.35	0.65	1.0	0.78	0.37	0.87	0.97	0.82		0.79	0.98	0.96	0.92	0.92	0.94	-0.04	0.83	0.91	0.99	0.99
Other Current Assets	0.9	-0.74	0.93	0.91	0.18	0.81	-0.35	0.92	0.75	0.41	-0.16	0.91	0.82	0.33	0.79		0.88	0.92	0.96	0.96	0.62	-0.14	0.94	0.89	0.82	0.81
Total Liab	0.98	-0.85	0.99	0.95	0.53	0.91	-0.34	0.73	0.96	0.72	0.27	0.94	0.95	0.73	0.98	0.88		0.98	0.98	0.96	0.88	-0.12	0.87	0.92	0.99	0.99
Net Invested Capital	1.0	-0.82	0.99	0.99	0.38	0.93	-0.34	0.83	0.95	0.67	0.12	0.91	0.95	0.64	0.96	0.92	0.98		0.98	0.99	0.87	-0.08	0.95	0.97	0.97	0.97
Short Long Term Debt	0.97	-0.84	0.99	0.95	0.41	0.88	-0.37	0.83	0.89	0.59	0.1	0.96	0.92	0.58	0.92	0.96	0.98	0.98		0.98	0.78	-0.12	0.92	0.92	0.94	0.94
Total Current Assets	0.99	-0.78	0.98	0.99	0.28	0.93	-0.31	0.89	0.9	0.61	0.0	0.9	0.92	0.54	0.92	0.96	0.96	0.99	0.98		0.82	-0.12	0.97	0.98	0.93	0.93
Capital Stock	0.89	-0.67	0.83	0.89	0.43	0.91	-0.16	0.59	0.97	0.85	0.33	0.66	0.88	0.82	0.94	0.62	0.88	0.87	0.78	0.82		-0.08	0.77	0.88	0.92	0.93
Non Current Liabilities Other	-0.1	-0.36	-0.18	-0.09	0.19	-0.34	-0.82	-0.23	-0.05	-0.03	0.3	-0.06	0.18	0.23	-0.04	-0.14	-0.12	-0.08	-0.12	-0.12	-0.08		-0.04	-0.1	-0.12	-0.12
Net Working Capital	0.94	-0.7	0.91	0.97	0.08	0.89	-0.31	0.95	0.82	0.53	-0.18	0.79	0.86	0.41	0.83	0.94	0.87	0.95	0.92	0.97	0.77	-0.04		0.98	0.84	0.84
Intangible Assets	0.97	-0.71	0.94	1.0	0.19	0.95	-0.24	0.89	0.91	0.66	-0.04	0.79	0.9	0.55	0.91	0.89	0.92	0.97	0.92	0.98	0.88	-0.1	0.98		0.91	0.92
Property Plant And Equipment Net	0.97	-0.83	0.97	0.94	0.55	0.91	-0.3	0.68	0.98	0.81	0.32	0.89	0.95	0.78	0.99	0.82	0.99	0.97	0.94	0.93	0.92	-0.12	0.84	0.91		1.0
Property Plant And Equipment Gross	0.97	-0.82	0.96	0.94	0.53	0.92	-0.29	0.69	0.99	0.82	0.32	0.88	0.95	0.78	0.99	0.81	0.99	0.97	0.94	0.93	0.93	-0.12	0.84	0.92	1.0

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

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Wankai Other Current Assets vs Long Term Debt Analysis

Other Current Assets vs Long Term Debt

Other Current Assets vs Long Term Debt Correlation Analysis

Correlation Coefficient

Other Current Assets

Long Term Debt

Wankai New fundamental ratios Correlations

Wankai New Account Relationship Matchups

High Positive Relationship

High Negative Relationship

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COMMON DESTINATIONS

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COMPANY

Net Invested Capital	+ 1.0	Total Assets
Intangible Assets	+ 1.0	Total Stockholder Equity
Inventory	+ 1.0	Non Current Assets Total
Property Plant And Equipment Gross	+ 1.0	Property Plant And Equipment Net
Total Current Liabilities	+ 0.99	Total Assets
Total Stockholder Equity	+ 0.99	Total Assets

Common Stock Shares Outstanding	- 0.93	Other Current Liab
Net Receivables	- 0.89	Other Current Liab
Total Liab	- 0.85	Other Current Liab
Inventory	- 0.85	Other Current Liab
Short Long Term Debt	- 0.84	Other Current Liab
Property Plant And Equipment Net	- 0.83	Other Current Liab