Sino Net Tangible Assets vs Long Term Debt Analysis

600459 Stock

14.36 0.17 1.20%

Sino Platinum financial indicator trend analysis is much more than just breaking down Sino Platinum Metals prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Sino Platinum Metals is a good investment. Please check the relationship between Sino Platinum 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 Sino Platinum Metals 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 Sino Platinum Metals Net Tangible Assets account and Long Term Debt. At this time, the significance of the direction appears to have very strong relationship.

The correlation between Sino Platinum's Net Tangible Assets and Long Term Debt is 0.8. 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 Sino Platinum Metals Co, assuming nothing else is changed. The correlation between historical values of Sino Platinum'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 Sino Platinum Metals 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., Sino Platinum's Net Tangible Assets and Long Term Debt go up and down completely randomly.

Correlation Coefficient

0.8

Relationship Direction	Positive
Relationship Strength	Strong

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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 Sino Platinum Metals has held for over one year. Long-term debt appears on Sino Platinum Metals 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 Sino Platinum Metals 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 Sino Platinum's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Sino Platinum Metals 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 Sino Platinum Metals 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.

As of December 12, 2024, Selling General Administrative is expected to decline to about 88.1 M. In addition to that, Tax Provision is expected to decline to about 57.9 M

	2021	2022	2023	2024 (projected)
Operating Income	759.4M	723.5M	732.2M	768.8M
Total Revenue	36.4B	40.8B	45.1B	47.3B

Operating Income Total Revenue

Sino Platinum fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Retained Earnings	Accounts Payable	Cash	Long Term Debt	Net Receivables	Inventory	Other Current Assets	Total Liab	Intangible Assets	Common Stock	Property Plant Equipment	Short Term Investments	Other Assets	Net Tangible Assets	Other Stockholder Equity	Deferred Long Term Liab	Long Term Investments	Total Current Assets	Non Current Assets Total	Non Currrent Assets Other	Non Current Liabilities Total
Total Assets		0.61	0.77	0.94	0.95	0.93	0.98	0.93	0.9	0.72	0.98	0.84	0.96	0.88	0.97	0.93	-0.35	0.76	0.89	-0.25	-0.5	-0.52	0.96	0.88	0.13	0.89
Other Current Liab	0.61		0.92	0.36	0.41	0.5	0.68	0.66	0.52	0.59	0.62	0.44	0.77	0.33	0.45	0.45	-0.19	0.29	0.28	-0.01	-0.4	0.2	0.7	0.4	0.2	0.54
Total Current Liabilities	0.77	0.92		0.54	0.63	0.68	0.78	0.75	0.66	0.82	0.78	0.55	0.91	0.57	0.65	0.67	-0.33	0.49	0.44	0.11	-0.4	0.06	0.84	0.57	0.17	0.69
Total Stockholder Equity	0.94	0.36	0.54		0.95	0.92	0.91	0.87	0.82	0.56	0.91	0.81	0.81	0.91	0.97	0.91	-0.34	0.78	0.97	-0.36	-0.48	-0.71	0.85	0.9	-0.01	0.8
Other Liab	0.95	0.41	0.63	0.95		0.91	0.91	0.84	0.88	0.67	0.91	0.85	0.87	0.92	0.98	0.96	-0.34	0.86	0.9	-0.29	-0.44	-0.63	0.87	0.85	0.17	0.86
Retained Earnings	0.93	0.5	0.68	0.92	0.91		0.85	0.75	0.74	0.67	0.97	0.62	0.85	0.89	0.94	0.93	-0.36	0.76	0.85	-0.13	-0.7	-0.63	0.83	0.77	-0.07	0.7
Accounts Payable	0.98	0.68	0.78	0.91	0.91	0.85		0.97	0.91	0.66	0.93	0.89	0.95	0.81	0.93	0.86	-0.27	0.69	0.87	-0.34	-0.44	-0.45	0.97	0.88	0.2	0.91
Cash	0.93	0.66	0.75	0.87	0.84	0.75	0.97		0.88	0.64	0.85	0.89	0.91	0.77	0.87	0.77	-0.27	0.63	0.84	-0.33	-0.29	-0.36	0.95	0.89	0.2	0.89
Long Term Debt	0.9	0.52	0.66	0.82	0.88	0.74	0.91	0.88		0.64	0.85	0.89	0.89	0.7	0.89	0.78	-0.21	0.65	0.8	-0.41	-0.3	-0.44	0.91	0.78	0.4	0.98
Net Receivables	0.72	0.59	0.82	0.56	0.67	0.67	0.66	0.64	0.64		0.73	0.49	0.79	0.66	0.66	0.71	-0.44	0.61	0.42	0.13	-0.31	0.03	0.73	0.53	-0.03	0.67
Inventory	0.98	0.62	0.78	0.91	0.91	0.97	0.93	0.85	0.85	0.73		0.72	0.94	0.86	0.95	0.91	-0.33	0.7	0.86	-0.16	-0.63	-0.53	0.93	0.81	0.03	0.83
Other Current Assets	0.84	0.44	0.55	0.81	0.85	0.62	0.89	0.89	0.89	0.49	0.72		0.79	0.69	0.83	0.77	-0.31	0.63	0.79	-0.5	-0.12	-0.42	0.83	0.82	0.41	0.9
Total Liab	0.96	0.77	0.91	0.81	0.87	0.85	0.95	0.91	0.89	0.79	0.94	0.79		0.78	0.89	0.85	-0.32	0.67	0.74	-0.14	-0.47	-0.31	0.96	0.77	0.23	0.89
Intangible Assets	0.88	0.33	0.57	0.91	0.92	0.89	0.81	0.77	0.7	0.66	0.86	0.69	0.78		0.88	0.9	-0.27	0.78	0.86	-0.13	-0.47	-0.61	0.78	0.83	-0.17	0.69
Common Stock	0.97	0.45	0.65	0.97	0.98	0.94	0.93	0.87	0.89	0.66	0.95	0.83	0.89	0.88		0.95	-0.39	0.82	0.91	-0.3	-0.5	-0.64	0.89	0.86	0.17	0.86
Property Plant Equipment	0.93	0.45	0.67	0.91	0.96	0.93	0.86	0.77	0.78	0.71	0.91	0.77	0.85	0.9	0.95		-0.53	0.85	0.81	-0.19	-0.52	-0.58	0.81	0.76	0.08	0.76
Short Term Investments	-0.35	-0.19	-0.33	-0.34	-0.34	-0.36	-0.27	-0.27	-0.21	-0.44	-0.33	-0.31	-0.32	-0.27	-0.39	-0.53		-0.36	-0.17	-0.01	0.18	0.1	-0.21	-0.17	0.01	-0.19
Other Assets	0.76	0.29	0.49	0.78	0.86	0.76	0.69	0.63	0.65	0.61	0.7	0.63	0.67	0.78	0.82	0.85	-0.36		0.68	-0.21	-0.3	-0.5	0.64	0.65	0.13	0.63
Net Tangible Assets	0.89	0.28	0.44	0.97	0.9	0.85	0.87	0.84	0.8	0.42	0.86	0.79	0.74	0.86	0.91	0.81	-0.17	0.68		-0.43	-0.44	-0.77	0.82	0.92	-0.01	0.78
Other Stockholder Equity	-0.25	-0.01	0.11	-0.36	-0.29	-0.13	-0.34	-0.33	-0.41	0.13	-0.16	-0.5	-0.14	-0.13	-0.3	-0.19	-0.01	-0.21	-0.43		0.15	0.28	-0.26	-0.33	-0.22	-0.42
Deferred Long Term Liab	-0.5	-0.4	-0.4	-0.48	-0.44	-0.7	-0.44	-0.29	-0.3	-0.31	-0.63	-0.12	-0.47	-0.47	-0.5	-0.52	0.18	-0.3	-0.44	0.15		0.42	-0.39	-0.23	0.17	-0.23
Long Term Investments	-0.52	0.2	0.06	-0.71	-0.63	-0.63	-0.45	-0.36	-0.44	0.03	-0.53	-0.42	-0.31	-0.61	-0.64	-0.58	0.1	-0.5	-0.77	0.28	0.42		-0.33	-0.51	0.05	-0.34
Total Current Assets	0.96	0.7	0.84	0.85	0.87	0.83	0.97	0.95	0.91	0.73	0.93	0.83	0.96	0.78	0.89	0.81	-0.21	0.64	0.82	-0.26	-0.39	-0.33		0.89	0.17	0.94
Non Current Assets Total	0.88	0.4	0.57	0.9	0.85	0.77	0.88	0.89	0.78	0.53	0.81	0.82	0.77	0.83	0.86	0.76	-0.17	0.65	0.92	-0.33	-0.23	-0.51	0.89		-0.01	0.83
Non Currrent Assets Other	0.13	0.2	0.17	-0.01	0.17	-0.07	0.2	0.2	0.4	-0.03	0.03	0.41	0.23	-0.17	0.17	0.08	0.01	0.13	-0.01	-0.22	0.17	0.05	0.17	-0.01		0.36
Non Current Liabilities Total	0.89	0.54	0.69	0.8	0.86	0.7	0.91	0.89	0.98	0.67	0.83	0.9	0.89	0.69	0.86	0.76	-0.19	0.63	0.78	-0.42	-0.23	-0.34	0.94	0.83	0.36

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Sino Platinum Account Relationship Matchups

Sino Platinum fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	7.5B	9.6B	11.1B	13.1B	11.8B	12.4B
Other Current Liab	530.8M	1.8B	1.2B	1.3B	179.4M	170.4M
Total Current Liabilities	2.7B	4.8B	4.3B	4.2B	2.5B	1.5B
Total Stockholder Equity	3.2B	3.4B	3.7B	5.9B	6.5B	6.8B
Other Liab	297.6M	321.9M	314.8M	552.2M	635.1M	666.8M
Retained Earnings	787.4M	995.4M	683.4M	821.9M	1.1B	1.2B
Accounts Payable	181.1M	317.6M	387.1M	472.4M	347.7M	365.1M
Cash	1.0B	1.5B	2.1B	3.2B	1.8B	1.9B
Long Term Debt	1.2B	769.5M	2.8B	2.0B	1.8B	1.9B
Net Receivables	2.0B	1.3B	1.7B	1.9B	1.5B	795.6M
Inventory	3.3B	4.0B	3.5B	3.9B	4.2B	4.4B
Other Current Assets	87.4M	139.7M	485.7M	496.7M	347.1M	364.5M
Total Liab	4.1B	5.9B	7.1B	6.9B	5.0B	5.3B
Intangible Assets	134.8M	122.4M	119.8M	284.1M	275.8M	289.6M
Property Plant Equipment	901.5M	863.2M	1.0B	1.2B	1.4B	1.4B
Other Assets	151.1M	132.4M	133.5M	226.3M	260.2M	273.2M
Net Tangible Assets	3.1B	3.3B	3.6B	5.7B	6.5B	6.9B
Other Stockholder Equity	13.2M	496.7K	1.3M	(3.0M)	(2.7M)	(2.6M)
Deferred Long Term Liab	90.4M	63.7M	56.1M	90.2M	81.2M	63.5M
Total Current Assets	6.4B	8.3B	10.0B	11.2B	9.9B	7.3B
Non Current Assets Total	1.2B	1.3B	1.4B	1.8B	1.9B	1.5B
Non Currrent Assets Other	25.8M	27.4M	64.4M	26.7M	22.6M	33.9M
Non Current Liabilities Total	1.5B	1.1B	3.3B	2.6B	2.5B	1.7B
Short Long Term Debt	1.9B	1.9B	1.7B	694.0M	710.2M	1.1B
Non Current Liabilities Other	650M	150M	1.1B	3.9M	3.1M	2.9M
Net Debt	2.0B	1.2B	2.4B	727.0M	654.3M	1.3B
Net Invested Capital	6.2B	6.1B	8.2B	8.6B	9.0B	7.3B
Net Working Capital	3.7B	3.4B	5.9B	7.0B	7.4B	4.8B

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

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Sino Net Tangible Assets vs Long Term Debt Analysis

Net Tangible Assets vs Long Term Debt

Net Tangible Assets vs Long Term Debt Correlation Analysis

Correlation Coefficient

Net Tangible Assets

Long Term Debt

Sino Platinum fundamental ratios Correlations

Sino Platinum Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Sino Platinum fundamental ratios Accounts

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Other Information on Investing in Sino Stock

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COMPANY

Accounts Payable	+ 0.98	Total Assets
Inventory	+ 0.98	Total Assets
Common Stock	+ 0.98	Other Liab
Non Current Liabilities Total	+ 0.98	Long Term Debt
Common Stock	+ 0.97	Total Assets
Common Stock	+ 0.97	Total Stockholder Equity

Long Term Investments	- 0.77	Net Tangible Assets
Long Term Investments	- 0.71	Total Stockholder Equity
Deferred Long Term Liab	- 0.7	Retained Earnings
Long Term Investments	- 0.64	Common Stock
Deferred Long Term Liab	- 0.63	Inventory
Long Term Investments	- 0.63	Retained Earnings