Xinya Non Current Liabilities Total vs Net Working Capital Analysis

605277 Stock   14.96  0.54  3.48%   
Xinya Electronic financial indicator trend analysis is more than just analyzing Xinya Electronic current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Xinya Electronic is a good investment. Please check the relationship between Xinya Electronic Non Current Liabilities Total and its Net Working Capital accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Xinya Electronic 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.

Non Current Liabilities Total vs Net Working Capital

Non Current Liabilities Total vs Net Working Capital Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Xinya Electronic Non Current Liabilities Total account and Net Working Capital. At this time, the significance of the direction appears to have weak relationship.
The correlation between Xinya Electronic's Non Current Liabilities Total and Net Working Capital is 0.3. Overlapping area represents the amount of variation of Non Current Liabilities Total that can explain the historical movement of Net Working Capital in the same time period over historical financial statements of Xinya Electronic Co, assuming nothing else is changed. The correlation between historical values of Xinya Electronic's Non Current Liabilities Total and Net Working 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 Xinya Electronic Co are associated (or correlated) with its Net Working Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Working Capital has no effect on the direction of Non Current Liabilities Total i.e., Xinya Electronic's Non Current Liabilities Total and Net Working Capital go up and down completely randomly.

Correlation Coefficient

0.3
Relationship DirectionPositive 
Relationship StrengthVery Weak

Non Current Liabilities Total

Net Working Capital

Most indicators from Xinya Electronic's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Xinya Electronic 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 Xinya Electronic 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 28 M, whereas Selling General Administrative is forecasted to decline to about 75.7 M.
 2021 2022 2023 2024 (projected)
Interest Expense110.8K7.0M24.7M25.9M
Interest Income1.7M3.3M2.4M1.7M

Xinya Electronic fundamental ratios Correlations

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0.790.680.860.930.750.170.740.350.830.770.820.630.770.690.660.810.940.810.790.650.640.760.75-0.5-0.3
0.970.680.790.840.980.131.00.730.760.990.660.930.990.731.00.940.80.90.950.31.00.990.99-0.53-0.28
0.920.860.790.980.830.550.830.620.990.860.980.740.850.690.770.960.880.980.890.810.750.830.83-0.54-0.37
0.950.930.840.980.890.40.880.560.960.910.940.790.90.760.830.970.930.970.930.720.810.890.88-0.58-0.36
0.970.750.980.830.890.180.980.620.810.980.720.910.980.80.980.950.810.920.990.370.970.980.99-0.59-0.3
0.320.170.130.550.40.180.130.230.630.180.670.090.160.130.110.390.140.480.30.820.080.120.12-0.13-0.11
0.980.741.00.830.880.980.130.740.791.00.70.921.00.730.990.950.850.920.950.350.991.01.0-0.53-0.29
0.720.350.730.620.560.620.230.740.580.740.490.680.730.270.730.720.620.680.560.270.750.710.7-0.2-0.2
0.90.830.760.990.960.810.630.790.580.830.990.690.820.650.740.940.840.970.870.840.720.790.79-0.49-0.31
0.990.770.990.860.910.980.181.00.740.830.740.921.00.750.980.970.870.940.960.410.981.00.99-0.56-0.32
0.830.820.660.980.940.720.670.70.490.990.740.630.730.660.640.880.80.920.810.910.610.710.7-0.53-0.39
0.90.630.930.740.790.910.090.920.680.690.920.630.920.870.920.870.710.840.890.30.940.940.95-0.79-0.61
0.990.770.990.850.90.980.161.00.730.821.00.730.920.750.990.970.870.930.960.390.981.01.0-0.55-0.31
0.750.690.730.690.760.80.130.730.270.650.750.660.870.750.720.740.610.740.840.410.720.790.79-0.94-0.74
0.960.661.00.770.830.980.110.990.730.740.980.640.920.990.720.920.780.880.940.271.00.990.99-0.53-0.27
1.00.810.940.960.970.950.390.950.720.940.970.880.870.970.740.920.890.990.960.610.910.950.95-0.56-0.35
0.880.940.80.880.930.810.140.850.620.840.870.80.710.870.610.780.890.870.810.570.770.850.85-0.4-0.23
0.980.810.90.980.970.920.480.920.680.970.940.920.840.930.740.880.990.870.950.690.870.920.92-0.57-0.36
0.970.790.950.890.930.990.30.950.560.870.960.810.890.960.840.940.960.810.950.50.920.960.96-0.64-0.36
0.530.650.30.810.720.370.820.350.270.840.410.910.30.390.410.270.610.570.690.50.240.360.35-0.36-0.32
0.950.641.00.750.810.970.080.990.750.720.980.610.940.980.721.00.910.770.870.920.240.980.99-0.54-0.3
0.980.760.990.830.890.980.121.00.710.791.00.710.941.00.790.990.950.850.920.960.360.981.0-0.6-0.36
0.970.750.990.830.880.990.121.00.70.790.990.70.951.00.790.990.950.850.920.960.350.991.0-0.61-0.37
-0.57-0.5-0.53-0.54-0.58-0.59-0.13-0.53-0.2-0.49-0.56-0.53-0.79-0.55-0.94-0.53-0.56-0.4-0.57-0.64-0.36-0.54-0.6-0.610.91
-0.33-0.3-0.28-0.37-0.36-0.3-0.11-0.29-0.2-0.31-0.32-0.39-0.61-0.31-0.74-0.27-0.35-0.23-0.36-0.36-0.32-0.3-0.36-0.370.91
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Other Information on Investing in Xinya Stock

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