000525 Stock | | | 7.39 0.39 5.01% |
Nanjing Red financial indicator trend analysis is infinitely more than just investigating Nanjing Red Sun recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Nanjing Red Sun is a good investment. Please check the relationship between Nanjing Red Long Term Debt and its Total Stockholder Equity accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Nanjing Red Sun. 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.
Long Term Debt vs Total Stockholder Equity
Long Term Debt vs Total Stockholder Equity Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Nanjing Red Sun Long Term Debt account and
Total Stockholder Equity. At this time, the significance of the direction appears to have weak relationship.
The correlation between Nanjing Red's Long Term Debt and Total Stockholder Equity is 0.37. Overlapping area represents the amount of variation of Long Term Debt that can explain the historical movement of Total Stockholder Equity in the same time period over historical financial statements of Nanjing Red Sun, assuming nothing else is changed. The correlation between historical values of Nanjing Red's Long Term Debt and Total Stockholder Equity is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Long Term Debt of Nanjing Red Sun are associated (or correlated) with its Total Stockholder Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Stockholder Equity has no effect on the direction of Long Term Debt i.e., Nanjing Red's Long Term Debt and Total Stockholder Equity go up and down completely randomly.
Correlation Coefficient | 0.37 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Long Term Debt
Long-term debt is a debt that Nanjing Red Sun has held for over one year. Long-term debt appears on Nanjing Red Sun 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 Nanjing Red Sun 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.
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.
Most indicators from Nanjing Red's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Nanjing Red Sun 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 Nanjing Red Sun. 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 20, 2024,
Selling General Administrative is expected to decline to about 238.2
M. The current year's
Tax Provision is expected to grow to about (142.3
M)
Nanjing Red fundamental ratios Correlations
Click cells to compare fundamentals
Nanjing Red Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Nanjing Red fundamental ratios Accounts
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Other Information on Investing in Nanjing Stock
Balance Sheet is a snapshot of the
financial position of Nanjing Red Sun at a specified time, usually calculated after every quarter, six months, or one year. Nanjing Red Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Nanjing Red 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 Nanjing currently owns. An asset can also be divided into two categories, current and non-current.