Henan Net Debt vs Cash And Short Term Investments Analysis

605368 Stock   11.31  0.10  0.89%   
Henan Lantian financial indicator trend analysis is much more than just examining Henan Lantian Gas latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Henan Lantian Gas is a good investment. Please check the relationship between Henan Lantian Net Debt and its Cash And Short Term Investments accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Henan Lantian Gas. 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 Debt vs Cash And Short Term Investments

Net Debt vs Cash And Short Term Investments Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Henan Lantian Gas Net Debt account and Cash And Short Term Investments. At this time, the significance of the direction appears to have pay attention.
The correlation between Henan Lantian's Net Debt and Cash And Short Term Investments is -0.88. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Cash And Short Term Investments in the same time period over historical financial statements of Henan Lantian Gas, assuming nothing else is changed. The correlation between historical values of Henan Lantian's Net Debt and Cash And Short Term Investments 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 Debt of Henan Lantian Gas are associated (or correlated) with its Cash And Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Short Term Investments has no effect on the direction of Net Debt i.e., Henan Lantian's Net Debt and Cash And Short Term Investments go up and down completely randomly.

Correlation Coefficient

-0.88
Relationship DirectionNegative 
Relationship StrengthSignificant

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.

Cash And Short Term Investments

Short Term Investments is an account in the current assets section of Henan Lantian Gas balance sheet. This account contains Henan Lantian investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Henan Lantian Gas fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.
Most indicators from Henan Lantian's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Henan Lantian Gas 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 Henan Lantian Gas. 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 Selling General Administrative is expected to grow to about 85.7 M, whereas Tax Provision is forecasted to decline to about 157.2 M.
 2021 2022 2023 2024 (projected)
Gross Profit750.1M1.0B1.1B573.6M
Total Revenue3.9B4.8B4.9B2.9B

Henan Lantian fundamental ratios Correlations

0.280.440.850.870.93-0.670.880.850.80.980.840.840.84-0.130.810.970.810.640.780.920.360.080.650.40.86
0.28-0.050.350.160.50.40.210.280.070.390.080.410.260.190.050.470.080.660.140.490.23-0.01-0.030.04-0.07
0.44-0.050.680.230.49-0.290.280.730.080.470.210.020.16-0.180.120.40.120.370.090.42-0.540.4-0.11-0.530.23
0.850.350.680.740.93-0.50.770.950.610.890.680.510.66-0.310.620.870.630.860.610.91-0.010.070.380.120.6
0.870.160.230.740.79-0.820.980.750.970.850.980.710.96-0.160.980.830.980.520.930.770.59-0.030.870.680.91
0.930.50.490.930.79-0.460.830.890.680.980.730.750.76-0.190.680.980.690.850.710.980.250.00.50.280.67
-0.670.4-0.29-0.5-0.82-0.46-0.78-0.56-0.86-0.57-0.88-0.43-0.730.25-0.86-0.52-0.86-0.1-0.72-0.43-0.39-0.14-0.76-0.54-0.88
0.880.210.280.770.980.83-0.780.780.950.870.960.740.93-0.140.930.860.960.560.90.790.57-0.010.810.630.86
0.850.280.730.950.750.89-0.560.780.620.880.710.530.68-0.260.630.840.650.730.610.83-0.010.210.410.060.66
0.80.070.080.610.970.68-0.860.950.620.750.990.690.93-0.160.980.741.00.410.890.660.680.00.880.780.9
0.980.390.470.890.850.98-0.570.870.880.750.80.810.82-0.150.760.990.760.740.780.960.320.010.610.350.79
0.840.080.210.680.980.73-0.880.960.710.990.80.680.94-0.170.980.780.990.440.880.70.60.090.840.680.91
0.840.410.020.510.710.75-0.430.740.530.690.810.680.730.210.670.850.70.450.680.750.61-0.020.630.530.7
0.840.260.160.660.960.76-0.730.930.680.930.820.940.730.00.950.810.940.480.930.730.66-0.030.880.680.89
-0.130.19-0.18-0.31-0.16-0.190.25-0.14-0.26-0.16-0.15-0.170.210.0-0.15-0.11-0.11-0.32-0.17-0.210.180.25-0.1-0.06-0.14
0.810.050.120.620.980.68-0.860.930.630.980.760.980.670.95-0.150.730.980.390.930.670.64-0.050.920.750.95
0.970.470.40.870.830.98-0.520.860.840.740.990.780.850.81-0.110.730.760.760.740.960.380.050.570.370.74
0.810.080.120.630.980.69-0.860.960.651.00.760.990.70.94-0.110.980.760.40.90.670.670.020.880.750.91
0.640.660.370.860.520.85-0.10.560.730.410.740.440.450.48-0.320.390.760.40.450.870.01-0.140.20.150.31
0.780.140.090.610.930.71-0.720.90.610.890.780.880.680.93-0.170.930.740.90.450.70.65-0.330.960.740.88
0.920.490.420.910.770.98-0.430.790.830.660.960.70.750.73-0.210.670.960.670.870.70.24-0.080.50.330.67
0.360.23-0.54-0.010.590.25-0.390.57-0.010.680.320.60.610.660.180.640.380.670.010.650.24-0.210.750.880.51
0.08-0.010.40.07-0.030.0-0.14-0.010.210.00.010.09-0.02-0.030.25-0.050.050.02-0.14-0.33-0.08-0.21-0.34-0.410.02
0.65-0.03-0.110.380.870.5-0.760.810.410.880.610.840.630.88-0.10.920.570.880.20.960.50.75-0.340.840.87
0.40.04-0.530.120.680.28-0.540.630.060.780.350.680.530.68-0.060.750.370.750.150.740.330.88-0.410.840.6
0.86-0.070.230.60.910.67-0.880.860.660.90.790.910.70.89-0.140.950.740.910.310.880.670.510.020.870.6
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Henan Lantian Account Relationship Matchups

Henan Lantian fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets3.7B3.7B5.1B6.2B6.7B3.6B
Short Long Term Debt Total977.9M760.7M841.9M766.9M881.9M886.4M
Other Current Liab580.9M627.3M842.3M990.1M47.4M45.0M
Total Current Liabilities1.7B1.6B1.9B2.0B1.5B1.3B
Total Stockholder Equity1.7B1.8B2.9B3.7B3.8B4.0B
Property Plant And Equipment Net2.4B2.5B2.7B3.1B3.1B2.2B
Net Debt380.1M193.5M(346.1M)(445.7M)(401.1M)(381.1M)
Retained Earnings882.5M991.5M1.2B1.5B1.5B1.6B
Accounts Payable250.9M238.5M321.6M368.7M211.4M181.4M
Cash597.8M567.1M1.2B1.2B1.7B1.8B
Non Current Assets Total2.9B2.9B3.5B4.4B4.4B2.7B
Cash And Short Term Investments597.8M567.1M1.2B1.2B1.4B1.5B
Liabilities And Stockholders Equity3.7B3.7B5.1B6.2B7.2B7.5B
Inventory95.0M52.6M135.0M197.6M195.0M204.7M
Other Current Assets37.8M32.9M62.7M73.5M80.3M65.4M
Other Stockholder Equity431.1M460.3M1.3B1.7B2.0B2.1B
Total Liab2.0B1.9B2.2B2.5B2.8B1.8B
Total Current Assets886.4M808.6M1.7B1.8B2.3B2.4B
Short Term Debt847.8M688.6M785.3M642.0M738.3M627.9M
Intangible Assets229.3M224.8M217.0M952.2M913.8M959.5M
Non Current Liabilities Total353.5M299.0M287.8M541.3M1.3B1.4B
Non Currrent Assets Other119.2M98.3M445.0M127.5M34.4M32.7M

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Other Information on Investing in Henan Stock

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