Shandong Non Current Liabilities Total vs Total Current Liabilities Analysis

600467 Stock   2.91  0.17  6.20%   
Shandong Homey financial indicator trend analysis is much more than just breaking down Shandong Homey Aquatic prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Shandong Homey Aquatic is a good investment. Please check the relationship between Shandong Homey Non Current Liabilities Total and its Total Current Liabilities accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Shandong Homey Aquatic. 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 Total Current Liabilities

Non Current Liabilities Total vs Total Current Liabilities Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Shandong Homey Aquatic Non Current Liabilities Total account and Total Current Liabilities. At this time, the significance of the direction appears to have strong relationship.
Non Current Liabilities TotalTotal Current LiabilitiesDiversified AwayNon Current Liabilities TotalTotal Current LiabilitiesDiversified Away100%
The correlation between Shandong Homey's Non Current Liabilities Total and Total Current Liabilities is 0.69. Overlapping area represents the amount of variation of Non Current Liabilities Total that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of Shandong Homey Aquatic, assuming nothing else is changed. The correlation between historical values of Shandong Homey's Non Current Liabilities Total and Total Current Liabilities 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 Shandong Homey Aquatic are associated (or correlated) with its Total Current Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Liabilities has no effect on the direction of Non Current Liabilities Total i.e., Shandong Homey's Non Current Liabilities Total and Total Current Liabilities go up and down completely randomly.

Correlation Coefficient

0.69
Relationship DirectionPositive 
Relationship StrengthSignificant

Non Current Liabilities Total

Total Current Liabilities

Total Current Liabilities is an item on Shandong Homey balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Shandong Homey Aquatic are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.
Most indicators from Shandong Homey's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Shandong Homey Aquatic 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 Shandong Homey Aquatic. 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 10.1 M, whereas Selling General Administrative is forecasted to decline to about 24 M.
 2021 2022 2023 2024 (projected)
Operating Income176.7M180.3M187.9M135.5M
Total Revenue1.3B1.2B1.6B1.0B

Shandong Homey fundamental ratios Correlations

0.320.960.910.980.280.560.620.340.190.730.310.950.190.920.980.690.040.490.42-0.210.720.560.750.550.53
0.320.190.450.43-0.250.00.150.16-0.150.710.140.19-0.160.110.230.190.140.03-0.080.020.070.360.040.060.43
0.960.190.780.930.290.510.710.430.180.550.341.00.240.940.960.740.010.540.49-0.250.820.630.850.610.56
0.910.450.780.920.290.560.420.090.250.870.240.740.10.760.880.490.090.310.29-0.090.450.340.480.340.35
0.980.430.930.920.280.510.580.330.250.770.280.920.090.860.960.640.120.380.43-0.120.660.550.680.460.5
0.28-0.250.290.290.280.170.24-0.250.48-0.080.350.240.070.310.35-0.080.02-0.050.270.34-0.06-0.33-0.02-0.16-0.19
0.560.00.510.560.510.170.140.150.10.35-0.080.49-0.060.580.450.250.170.10.440.00.460.350.440.20.13
0.620.150.710.420.580.240.140.37-0.080.20.770.710.740.650.650.82-0.60.770.09-0.670.740.610.750.780.64
0.340.160.430.090.33-0.250.150.37-0.250.110.160.50.060.410.330.40.010.360.21-0.270.60.590.590.510.69
0.19-0.150.180.250.250.480.1-0.08-0.250.02-0.160.12-0.380.090.26-0.270.39-0.510.490.44-0.15-0.31-0.18-0.5-0.59
0.730.710.550.870.77-0.080.350.20.110.020.140.53-0.040.520.660.430.150.240.09-0.090.310.40.330.280.44
0.310.140.340.240.280.35-0.080.770.16-0.160.140.330.730.360.330.55-0.670.65-0.17-0.540.350.290.390.540.56
0.950.191.00.740.920.240.490.710.50.120.530.330.240.930.950.760.010.570.47-0.280.840.660.870.650.61
0.19-0.160.240.10.090.07-0.060.740.06-0.38-0.040.730.240.280.220.66-0.930.83-0.4-0.880.410.310.460.770.45
0.920.110.940.760.860.310.580.650.410.090.520.360.930.280.910.69-0.030.570.56-0.240.830.560.880.610.53
0.980.230.960.880.960.350.450.650.330.260.660.330.950.220.910.670.020.490.44-0.20.70.490.740.540.48
0.690.190.740.490.64-0.080.250.820.4-0.270.430.550.760.660.690.67-0.520.84-0.03-0.750.870.850.870.930.75
0.040.140.010.090.120.020.17-0.60.010.390.15-0.670.01-0.93-0.030.02-0.52-0.640.510.85-0.27-0.26-0.26-0.62-0.31
0.490.030.540.310.38-0.050.10.770.36-0.510.240.650.570.830.570.490.84-0.64-0.21-0.80.660.570.750.940.78
0.42-0.080.490.290.430.270.440.090.210.490.09-0.170.47-0.40.560.44-0.030.51-0.210.390.410.130.39-0.14-0.1
-0.210.02-0.25-0.09-0.120.340.0-0.67-0.270.44-0.09-0.54-0.28-0.88-0.24-0.2-0.750.85-0.80.39-0.54-0.57-0.55-0.84-0.55
0.720.070.820.450.66-0.060.460.740.6-0.150.310.350.840.410.830.70.87-0.270.660.41-0.540.870.980.810.66
0.560.360.630.340.55-0.330.350.610.59-0.310.40.290.660.310.560.490.85-0.260.570.13-0.570.870.80.760.74
0.750.040.850.480.68-0.020.440.750.59-0.180.330.390.870.460.880.740.87-0.260.750.39-0.550.980.80.840.7
0.550.060.610.340.46-0.160.20.780.51-0.50.280.540.650.770.610.540.93-0.620.94-0.14-0.840.810.760.840.81
0.530.430.560.350.5-0.190.130.640.69-0.590.440.560.610.450.530.480.75-0.310.78-0.1-0.550.660.740.70.81
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Shandong Homey Account Relationship Matchups

Shandong Homey fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets6.4B6.5B6.7B6.6B6.7B4.0B
Other Current Liab93.6M93.3M102.4M209.5M49.0M85.2M
Total Current Liabilities2.8B2.9B2.8B2.8B2.9B1.5B
Total Stockholder Equity3.2B3.3B3.3B3.4B3.4B2.3B
Retained Earnings1.3B1.3B1.4B1.4B1.2B786.4M
Accounts Payable204.5M169.5M189.2M133.5M363.7M195.3M
Cash778.4M766.0M692.7M554.6M479.6M396.7M
Other Assets372.1M392.4M349.1M586.5M674.4M708.2M
Long Term Debt95.4M74M255.5M228.5M113.5M107.3M
Net Receivables126.7M34.9M15.7M26.3M20.3M19.3M
Inventory1.1B1.1B1.2B1.4B1.0B750.3M
Other Current Assets20.9M11.7M14.1M119.8M119.4M125.3M
Total Liab3.1B3.2B3.4B3.2B3.3B1.7B
Intangible Assets135.3M132.6M128.4M124.8M771.8M810.4M
Property Plant Equipment3.5B3.6B3.9B3.5B4.1B2.2B
Other Liab220.7M205.9M207.9M206.6M237.6M249.5M
Net Tangible Assets3.1B3.1B3.2B3.2B3.7B3.3B
Deferred Long Term Liab328.4M349.2M300.8M332.3M299.0M270.2M
Short Long Term Debt2.3B2.4B2.3B2.3B1.9B2.1B
Total Current Assets2.1B2.0B2.0B2.2B1.7B2.0B
Non Current Assets Total4.3B4.4B4.7B4.5B4.9B4.8B
Non Currrent Assets Other24.4M71.7M135.6M184.9M119.5M80.5M
Non Current Liabilities Total319.6M315.6M559.0M435.1M359.2M367.7M
Net Debt1.7B1.7B1.9B2.0B1.6B1.9B
Net Invested Capital5.7B5.8B5.9B5.9B5.4B6.1B
Net Working Capital(760.1M)(840.4M)(808.8M)(651.0M)(1.2B)(1.3B)

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Other Information on Investing in Shandong Stock

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