Shandong Total Stockholder Equity vs Long Term Debt Analysis

000498 Stock

6.06 0.09 1.46%

Shandong financial indicator trend analysis is much more than just breaking down Shandong Hi Speed prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Shandong Hi Speed is a good investment. Please check the relationship between Shandong Total Stockholder Equity and its Long Term Debt accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Shandong Hi Speed RoadBridge. 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 Stockholder Equity vs Long Term Debt

Total Stockholder Equity vs Long Term Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Shandong Hi Speed Total Stockholder Equity account and Long Term Debt. At this time, the significance of the direction appears to have totally related.

The correlation between Shandong's Total Stockholder Equity and Long Term Debt is 0.99. Overlapping area represents the amount of variation of Total Stockholder Equity that can explain the historical movement of Long Term Debt in the same time period over historical financial statements of Shandong Hi Speed RoadBridge, assuming nothing else is changed. The correlation between historical values of Shandong's Total Stockholder Equity 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 Total Stockholder Equity of Shandong Hi Speed RoadBridge 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 Total Stockholder Equity i.e., Shandong's Total Stockholder Equity and Long Term Debt go up and down completely randomly.

Correlation Coefficient

0.99

Relationship Direction	Positive
Relationship Strength	Very Strong

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Total Stockholder Equity

The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.

Long Term Debt

Long-term debt is a debt that Shandong Hi Speed has held for over one year. Long-term debt appears on Shandong Hi Speed RoadBridge 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 Shandong Hi Speed RoadBridge 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 Shandong's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Shandong Hi Speed 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 Hi Speed RoadBridge. 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 1.6 B, whereas Tax Provision is forecasted to decline to about 438 M.

	2021	2022	2023	2024 (projected)
Operating Income	4.0B	4.6B	5.4B	5.7B
Total Revenue	57.5B	65.0B	73.0B	76.7B

Operating Income Total Revenue

Shandong fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Retained Earnings	Accounts Payable	Cash	Other Assets	Long Term Debt	Net Receivables	Inventory	Other Current Assets	Total Liab	Intangible Assets	Common Stock	Property Plant Equipment	Short Term Investments	Net Tangible Assets	Other Stockholder Equity	Deferred Long Term Liab	Short Long Term Debt	Total Current Assets	Short Term Debt	Non Current Assets Total	Non Currrent Assets Other
Total Assets		0.8	1.0	1.0	0.55	0.99	1.0	0.93	0.95	0.99	0.55	-0.16	0.98	1.0	0.82	0.75	0.97	-0.13	0.98	0.97	0.8	0.99	1.0	0.68	1.0	-0.04
Other Current Liab	0.8		0.81	0.8	0.82	0.85	0.78	0.92	0.87	0.78	0.73	0.15	0.79	0.8	0.5	0.73	0.86	-0.03	0.88	0.8	0.92	0.79	0.79	0.84	0.8	0.4
Total Current Liabilities	1.0	0.81		1.0	0.55	0.99	1.0	0.93	0.95	0.98	0.57	-0.16	0.98	1.0	0.81	0.75	0.98	-0.13	0.98	0.97	0.81	0.99	1.0	0.69	1.0	-0.04
Total Stockholder Equity	1.0	0.8	1.0		0.53	0.99	0.99	0.92	0.95	0.99	0.55	-0.14	0.97	1.0	0.84	0.77	0.96	-0.11	0.97	0.96	0.78	0.99	0.99	0.68	0.99	-0.04
Other Liab	0.55	0.82	0.55	0.53		0.6	0.51	0.77	0.61	0.56	0.32	0.15	0.51	0.55	0.29	0.55	0.62	0.01	0.61	0.44	0.81	0.57	0.53	0.75	0.55	0.61
Retained Earnings	0.99	0.85	0.99	0.99	0.6		0.98	0.95	0.97	0.98	0.58	-0.05	0.95	0.99	0.78	0.78	0.96	-0.07	0.98	0.96	0.84	0.99	0.98	0.75	0.98	0.06
Accounts Payable	1.0	0.78	1.0	0.99	0.51	0.98		0.91	0.94	0.98	0.55	-0.2	0.98	1.0	0.82	0.72	0.97	-0.14	0.98	0.97	0.78	0.99	1.0	0.66	1.0	-0.09
Cash	0.93	0.92	0.93	0.92	0.77	0.95	0.91		0.94	0.9	0.63	-0.07	0.89	0.93	0.65	0.78	0.95	-0.01	0.95	0.89	0.91	0.93	0.92	0.83	0.92	0.17
Other Assets	0.95	0.87	0.95	0.95	0.61	0.97	0.94	0.94		0.92	0.65	-0.01	0.94	0.95	0.71	0.72	0.94	0.07	0.97	0.95	0.86	0.94	0.95	0.75	0.95	0.11
Long Term Debt	0.99	0.78	0.98	0.99	0.56	0.98	0.98	0.9	0.92		0.46	-0.1	0.97	0.99	0.88	0.72	0.94	-0.13	0.96	0.93	0.77	0.98	0.99	0.67	0.99	0.03
Net Receivables	0.55	0.73	0.57	0.55	0.32	0.58	0.55	0.63	0.65	0.46		-0.05	0.58	0.55	0.25	0.48	0.65	-0.09	0.66	0.69	0.61	0.52	0.55	0.53	0.53	-0.05
Inventory	-0.16	0.15	-0.16	-0.14	0.15	-0.05	-0.2	-0.07	-0.01	-0.1	-0.05		-0.23	-0.17	-0.17	0.14	-0.24	0.4	-0.12	-0.2	0.05	-0.14	-0.19	0.31	-0.17	0.74
Other Current Assets	0.98	0.79	0.98	0.97	0.51	0.95	0.98	0.89	0.94	0.97	0.58	-0.23		0.98	0.85	0.68	0.96	-0.14	0.97	0.97	0.77	0.96	0.99	0.61	0.98	-0.09
Total Liab	1.0	0.8	1.0	1.0	0.55	0.99	1.0	0.93	0.95	0.99	0.55	-0.17	0.98		0.82	0.74	0.97	-0.13	0.98	0.97	0.8	0.99	1.0	0.68	1.0	-0.05
Intangible Assets	0.82	0.5	0.81	0.84	0.29	0.78	0.82	0.65	0.71	0.88	0.25	-0.17	0.85	0.82		0.56	0.72	-0.12	0.74	0.75	0.45	0.82	0.83	0.39	0.82	-0.12
Common Stock	0.75	0.73	0.75	0.77	0.55	0.78	0.72	0.78	0.72	0.72	0.48	0.14	0.68	0.74	0.56		0.71	-0.02	0.71	0.67	0.64	0.72	0.7	0.64	0.7	0.12
Property Plant Equipment	0.97	0.86	0.98	0.96	0.62	0.96	0.97	0.95	0.94	0.94	0.65	-0.24	0.96	0.97	0.72	0.71		-0.19	0.99	0.96	0.86	0.96	0.97	0.7	0.97	-0.03
Short Term Investments	-0.13	-0.03	-0.13	-0.11	0.01	-0.07	-0.14	-0.01	0.07	-0.13	-0.09	0.4	-0.14	-0.13	-0.12	-0.02	-0.19		-0.11	-0.12	0.01	-0.12	-0.14	0.09	-0.13	0.39
Net Tangible Assets	0.98	0.88	0.98	0.97	0.61	0.98	0.98	0.95	0.97	0.96	0.66	-0.12	0.97	0.98	0.74	0.71	0.99	-0.11		0.98	0.87	0.97	0.98	0.73	0.98	0.04
Other Stockholder Equity	0.97	0.8	0.97	0.96	0.44	0.96	0.97	0.89	0.95	0.93	0.69	-0.2	0.97	0.97	0.75	0.67	0.96	-0.12	0.98		0.79	0.95	0.97	0.64	0.97	-0.12
Deferred Long Term Liab	0.8	0.92	0.81	0.78	0.81	0.84	0.78	0.91	0.86	0.77	0.61	0.05	0.77	0.8	0.45	0.64	0.86	0.01	0.87	0.79		0.79	0.79	0.83	0.8	0.32
Short Long Term Debt	0.99	0.79	0.99	0.99	0.57	0.99	0.99	0.93	0.94	0.98	0.52	-0.14	0.96	0.99	0.82	0.72	0.96	-0.12	0.97	0.95	0.79		0.99	0.73	0.99	-0.02
Total Current Assets	1.0	0.79	1.0	0.99	0.53	0.98	1.0	0.92	0.95	0.99	0.55	-0.19	0.99	1.0	0.83	0.7	0.97	-0.14	0.98	0.97	0.79	0.99		0.67	1.0	-0.06
Short Term Debt	0.68	0.84	0.69	0.68	0.75	0.75	0.66	0.83	0.75	0.67	0.53	0.31	0.61	0.68	0.39	0.64	0.7	0.09	0.73	0.64	0.83	0.73	0.67		0.67	0.39
Non Current Assets Total	1.0	0.8	1.0	0.99	0.55	0.98	1.0	0.92	0.95	0.99	0.53	-0.17	0.98	1.0	0.82	0.7	0.97	-0.13	0.98	0.97	0.8	0.99	1.0	0.67		-0.02
Non Currrent Assets Other	-0.04	0.4	-0.04	-0.04	0.61	0.06	-0.09	0.17	0.11	0.03	-0.05	0.74	-0.09	-0.05	-0.12	0.12	-0.03	0.39	0.04	-0.12	0.32	-0.02	-0.06	0.39	-0.02

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Shandong Account Relationship Matchups

Shandong fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	32.1B	55.1B	83.4B	110.2B	139.5B	146.5B
Other Current Liab	8.1B	7.7B	10.0B	6.3B	7.9B	8.3B
Total Current Liabilities	22.2B	35.1B	55.5B	72.9B	88.7B	93.2B
Total Stockholder Equity	5.5B	8.6B	13.5B	17.0B	22.7B	23.8B
Other Liab	242.3M	470.6M	728.5M	297.2M	341.8M	358.9M
Retained Earnings	3.9B	5.0B	7.0B	8.6B	10.3B	10.8B
Accounts Payable	10.5B	22.4B	37.3B	51.0B	62.1B	65.2B
Cash	3.4B	7.4B	7.3B	7.0B	8.2B	8.6B
Other Assets	4.1B	3.2B	3.8B	6.7B	7.7B	8.1B
Long Term Debt	4.9B	6.3B	7.1B	11.1B	17.1B	17.9B
Net Receivables	9.7B	6.2B	44.5B	10.8B	14.1B	14.8B
Inventory	10.1B	1.7B	2.5B	2.9B	3.0B	2.8B
Other Current Assets	2.0B	4.0B	7.4B	7.3B	11.4B	11.9B
Total Liab	23.8B	42.2B	63.4B	85.0B	106.9B	112.2B
Intangible Assets	55.4M	187.9M	364.7M	437.4M	6.2B	6.5B
Property Plant Equipment	730.7M	2.1B	4.5B	6.4B	7.3B	7.7B
Short Term Investments	2.4B	8.3M	23.3M	9.8M	11.3M	10.7M
Net Tangible Assets	5.3B	7.2B	8.4B	12.9B	14.9B	15.6B
Other Stockholder Equity	105.2M	210.9M	272.2M	3.1B	3.6B	3.8B
Deferred Long Term Liab	93.6M	125.6M	149.3M	151.6M	174.4M	105.1M
Short Long Term Debt	2.2B	3.6B	4.5B	6.4B	7.9B	8.3B
Total Current Assets	26.5B	40.2B	61.7B	78.9B	100.8B	105.8B
Non Current Assets Total	10.2B	14.9B	21.7B	31.3B	38.7B	40.7B
Non Currrent Assets Other	4.0B	2.5B	1.1B	1.1B	1.1B	1.5B
Non Current Liabilities Total	5.3B	7.1B	7.8B	12.1B	18.1B	19.0B
Non Current Liabilities Other	225M	305.6M	42.2M	37.6M	18.0M	17.1M
Net Debt	3.5B	2.6B	4.3B	10.5B	16.8B	17.6B
Net Invested Capital	12.4B	18.6B	25.1B	34.5B	47.7B	24.4B
Net Working Capital	3.3B	5.1B	6.1B	6.0B	12.1B	6.1B

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Other Information on Investing in Shandong Stock

Balance Sheet is a snapshot of the financial position of Shandong Hi Speed at a specified time, usually calculated after every quarter, six months, or one year. Shandong Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Shandong 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.

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Shandong Total Stockholder Equity vs Long Term Debt Analysis

Total Stockholder Equity vs Long Term Debt

Total Stockholder Equity vs Long Term Debt Correlation Analysis

Correlation Coefficient

Total Stockholder Equity

Long Term Debt

Shandong fundamental ratios Correlations

Shandong Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Shandong fundamental ratios Accounts

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Other Information on Investing in Shandong Stock

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Total Current Liabilities	+ 1.0	Total Assets
Total Stockholder Equity	+ 1.0	Total Assets
Accounts Payable	+ 1.0	Total Assets
Total Liab	+ 1.0	Total Assets
Total Current Assets	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Total Assets

Property Plant Equipment	- 0.24	Inventory
Other Current Assets	- 0.23	Inventory
Other Stockholder Equity	- 0.2	Inventory
Inventory	- 0.2	Accounts Payable
Short Term Investments	- 0.19	Property Plant Equipment
Total Current Assets	- 0.19	Inventory