Hengli Total Assets vs Net Debt Analysis

600346 Stock

15.28 0.02 0.13%

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

Total Assets vs Net Debt

Total Assets vs Net Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Hengli Petrochemical Total Assets account and Net Debt. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Hengli Petrochemical's Total Assets and Net Debt is 0.98. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Net Debt in the same time period over historical financial statements of Hengli Petrochemical Co, assuming nothing else is changed. The correlation between historical values of Hengli Petrochemical's Total Assets and Net 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 Total Assets of Hengli Petrochemical Co are associated (or correlated) with its Net Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Debt has no effect on the direction of Total Assets i.e., Hengli Petrochemical's Total Assets and Net Debt go up and down completely randomly.

Correlation Coefficient

0.98

Relationship Direction	Positive
Relationship Strength	Very Strong

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Total Assets

Total assets refers to the total amount of Hengli Petrochemical assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Hengli Petrochemical books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.

Net Debt

The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.

Most indicators from Hengli Petrochemical's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Hengli Petrochemical 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 Hengli Petrochemical 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 2.1 B, whereas Selling General Administrative is forecasted to decline to about 431.8 M.

	2021	2022	2023	2024 (projected)
Operating Income	24.5B	9.8B	14.6B	15.4B
Total Revenue	198.0B	222.4B	234.9B	246.6B

Operating Income Total Revenue

Hengli Petrochemical fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Retained Earnings	Accounts Payable	Cash	Long Term Debt	Net Receivables	Inventory	Other Current Assets	Total Liab	Intangible Assets	Common Stock	Property Plant Equipment	Other Assets	Other Liab	Short Term Investments	Good Will	Net Tangible Assets	Short Long Term Debt	Total Current Assets	Short Term Debt	Non Current Assets Total	Non Currrent Assets Other	Non Current Liabilities Total
Total Assets		0.73	0.99	0.99	0.94	0.96	0.97	0.99	0.09	0.98	0.92	1.0	1.0	0.97	0.99	0.9	0.94	0.06	0.68	0.93	0.95	0.95	0.99	0.97	0.68	0.96
Other Current Liab	0.73		0.74	0.73	0.66	0.74	0.82	0.71	0.11	0.78	0.59	0.73	0.76	0.71	0.72	0.6	0.64	0.17	0.53	0.81	0.85	0.86	0.74	0.8	0.57	0.78
Total Current Liabilities	0.99	0.74		0.98	0.94	0.95	0.98	0.97	0.1	0.98	0.93	0.99	0.99	0.97	0.99	0.91	0.97	0.16	0.71	0.93	0.95	0.95	0.98	0.95	0.66	0.94
Total Stockholder Equity	0.99	0.73	0.98		0.96	0.95	0.95	0.98	0.07	0.98	0.9	0.99	0.99	0.97	0.99	0.89	0.93	0.08	0.69	0.95	0.95	0.95	0.98	0.96	0.65	0.95
Retained Earnings	0.94	0.66	0.94	0.96		0.83	0.88	0.91	-0.13	0.93	0.88	0.94	0.94	0.88	0.95	0.76	0.86	-0.01	0.56	0.9	0.9	0.88	0.93	0.91	0.46	0.87
Accounts Payable	0.96	0.74	0.95	0.95	0.83		0.95	0.96	0.26	0.95	0.87	0.95	0.96	0.97	0.95	0.95	0.95	0.16	0.79	0.91	0.91	0.94	0.94	0.93	0.83	0.95
Cash	0.97	0.82	0.98	0.95	0.88	0.95		0.96	0.13	0.97	0.91	0.98	0.98	0.94	0.96	0.89	0.93	0.08	0.69	0.91	0.95	0.96	0.95	0.95	0.73	0.94
Long Term Debt	0.99	0.71	0.97	0.98	0.91	0.96	0.96		0.14	0.95	0.89	0.99	0.99	0.96	0.98	0.92	0.93	0.06	0.65	0.92	0.94	0.93	0.99	0.96	0.72	0.97
Net Receivables	0.09	0.11	0.1	0.07	-0.13	0.26	0.13	0.14		0.07	-0.13	0.1	0.08	0.27	0.09	0.25	0.16	0.52	0.44	0.11	0.13	0.16	0.18	0.1	0.34	0.18
Inventory	0.98	0.78	0.98	0.98	0.93	0.95	0.97	0.95	0.07		0.92	0.97	0.98	0.94	0.97	0.9	0.93	0.08	0.68	0.94	0.95	0.97	0.95	0.95	0.72	0.93
Other Current Assets	0.92	0.59	0.93	0.9	0.88	0.87	0.91	0.89	-0.13	0.92		0.92	0.92	0.85	0.91	0.89	0.93	-0.05	0.6	0.8	0.83	0.84	0.85	0.85	0.66	0.84
Total Liab	1.0	0.73	0.99	0.99	0.94	0.95	0.98	0.99	0.1	0.97	0.92		1.0	0.97	0.99	0.91	0.95	0.06	0.68	0.92	0.95	0.95	0.99	0.97	0.69	0.96
Intangible Assets	1.0	0.76	0.99	0.99	0.94	0.96	0.98	0.99	0.08	0.98	0.92	1.0		0.97	0.99	0.91	0.95	0.08	0.69	0.94	0.95	0.95	0.98	0.97	0.7	0.96
Common Stock	0.97	0.71	0.97	0.97	0.88	0.97	0.94	0.96	0.27	0.94	0.85	0.97	0.97		0.97	0.91	0.96	0.22	0.81	0.92	0.92	0.92	0.97	0.93	0.69	0.94
Property Plant Equipment	0.99	0.72	0.99	0.99	0.95	0.95	0.96	0.98	0.09	0.97	0.91	0.99	0.99	0.97		0.91	0.96	0.14	0.69	0.93	0.95	0.94	0.99	0.96	0.64	0.95
Other Assets	0.9	0.6	0.91	0.89	0.76	0.95	0.89	0.92	0.25	0.9	0.89	0.91	0.91	0.91	0.91		0.95	0.22	0.71	0.83	0.83	0.87	0.88	0.86	0.84	0.89
Other Liab	0.94	0.64	0.97	0.93	0.86	0.95	0.93	0.93	0.16	0.93	0.93	0.95	0.95	0.96	0.96	0.95		0.24	0.81	0.87	0.87	0.89	0.92	0.89	0.68	0.89
Short Term Investments	0.06	0.17	0.16	0.08	-0.01	0.16	0.08	0.06	0.52	0.08	-0.05	0.06	0.08	0.22	0.14	0.22	0.24		0.37	0.19	0.14	0.18	0.15	0.06	-0.01	0.08
Good Will	0.68	0.53	0.71	0.69	0.56	0.79	0.69	0.65	0.44	0.68	0.6	0.68	0.69	0.81	0.69	0.71	0.81	0.37		0.69	0.67	0.67	0.67	0.66	0.54	0.67
Net Tangible Assets	0.93	0.81	0.93	0.95	0.9	0.91	0.91	0.92	0.11	0.94	0.8	0.92	0.94	0.92	0.93	0.83	0.87	0.19	0.69		0.98	0.98	0.94	0.97	0.62	0.96
Short Long Term Debt	0.95	0.85	0.95	0.95	0.9	0.91	0.95	0.94	0.13	0.95	0.83	0.95	0.95	0.92	0.95	0.83	0.87	0.14	0.67	0.98		0.99	0.95	0.99	0.63	0.97
Total Current Assets	0.95	0.86	0.95	0.95	0.88	0.94	0.96	0.93	0.16	0.97	0.84	0.95	0.95	0.92	0.94	0.87	0.89	0.18	0.67	0.98	0.99		0.94	0.98	0.71	0.97
Short Term Debt	0.99	0.74	0.98	0.98	0.93	0.94	0.95	0.99	0.18	0.95	0.85	0.99	0.98	0.97	0.99	0.88	0.92	0.15	0.67	0.94	0.95	0.94		0.96	0.64	0.96
Non Current Assets Total	0.97	0.8	0.95	0.96	0.91	0.93	0.95	0.96	0.1	0.95	0.85	0.97	0.97	0.93	0.96	0.86	0.89	0.06	0.66	0.97	0.99	0.98	0.96		0.67	0.99
Non Currrent Assets Other	0.68	0.57	0.66	0.65	0.46	0.83	0.73	0.72	0.34	0.72	0.66	0.69	0.7	0.69	0.64	0.84	0.68	-0.01	0.54	0.62	0.63	0.71	0.64	0.67		0.73
Non Current Liabilities Total	0.96	0.78	0.94	0.95	0.87	0.95	0.94	0.97	0.18	0.93	0.84	0.96	0.96	0.94	0.95	0.89	0.89	0.08	0.67	0.96	0.97	0.97	0.96	0.99	0.73

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Hengli Petrochemical Account Relationship Matchups

Hengli Petrochemical fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	174.4B	191.0B	210.3B	241.4B	260.6B	273.6B
Other Current Liab	7.4B	11.9B	9.2B	17.2B	4.7B	2.8B
Total Current Liabilities	82.3B	85.8B	97.8B	125.9B	123.9B	130.1B
Total Stockholder Equity	36.3B	46.9B	57.2B	52.9B	60.0B	63.0B
Retained Earnings	11.2B	21.9B	32.0B	27.2B	33.1B	34.7B
Accounts Payable	23.8B	22.8B	26.7B	29.5B	27.6B	29.0B
Cash	16.5B	15.7B	16.0B	28.1B	20.5B	21.5B
Long Term Debt	52.4B	54.9B	52.1B	58.3B	70.6B	74.2B
Net Receivables	13.3B	1.4B	2.6B	372.4M	538.4M	511.5M
Inventory	19.5B	19.7B	33.6B	37.8B	31.3B	32.8B
Other Current Assets	1.4B	2.4B	3.1B	6.5B	6.8B	7.1B
Total Liab	137.6B	144.0B	153.0B	188.5B	200.6B	210.6B
Intangible Assets	5.8B	7.2B	7.3B	8.9B	9.0B	9.5B
Property Plant Equipment	107.4B	126.0B	130.6B	146.1B	168.0B	176.4B
Other Assets	7.9B	5.5B	6.9B	9.4B	10.8B	11.4B
Other Liab	3.0B	3.2B	3.0B	4.3B	4.9B	5.1B
Short Term Investments	2.6B	1.7B	814.4M	604.4M	298.8M	283.9M
Net Tangible Assets	30.5B	39.7B	49.8B	43.9B	50.4B	28.9B
Short Long Term Debt	47.6B	49.9B	55.6B	69.3B	67.0B	39.9B
Total Current Assets	53.3B	52.1B	65.2B	76.3B	66.1B	48.1B
Non Current Assets Total	121.1B	138.9B	145.1B	165.1B	194.5B	119.9B
Non Currrent Assets Other	5.0B	2.3B	3.9B	6.3B	3.4B	4.4B
Non Current Liabilities Total	55.4B	58.2B	55.2B	62.7B	76.7B	48.8B
Deferred Long Term Liab	2.7B	3.1B	2.6B	2.0B	2.3B	1.7B
Non Current Liabilities Other	40.1B	52.3B	123.3M	13M	15.0M	14.2M
Net Debt	83.4B	89.1B	91.7B	99.6B	117.1B	84.4B
Other Stockholder Equity	44.2M	(23.2M)	(11.5M)	(48.5M)	(43.6M)	(41.4M)
Net Invested Capital	136.2B	151.7B	164.9B	180.5B	197.6B	147.2B
Net Working Capital	(29.0B)	(33.7B)	(32.6B)	(49.5B)	(57.8B)	(54.9B)

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

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Hengli Total Assets vs Net Debt Analysis

Total Assets vs Net Debt

Total Assets vs Net Debt Correlation Analysis

Correlation Coefficient

Total Assets

Net Debt

Hengli Petrochemical fundamental ratios Correlations

Hengli Petrochemical Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Hengli Petrochemical fundamental ratios Accounts

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Total Liab	+ 1.0	Total Assets
Intangible Assets	+ 1.0	Total Assets
Intangible Assets	+ 1.0	Total Liab
Total Current Liabilities	+ 0.99	Total Assets
Total Stockholder Equity	+ 0.99	Total Assets
Long Term Debt	+ 0.99	Total Assets

Other Current Assets	- 0.13	Net Receivables
Net Receivables	- 0.13	Retained Earnings
Short Term Investments	- 0.05	Other Current Assets
Non Currrent Assets Other	- 0.01	Short Term Investments
Short Term Investments	- 0.01	Retained Earnings