Nanjing Total Assets vs Other Liab Analysis

000525 Stock   6.10  0.08  1.33%   
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 Total Assets and its Other Liab 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.

Total Assets vs Other Liab

Total Assets vs Other Liab Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Nanjing Red Sun Total Assets account and Other Liab. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Nanjing Red's Total Assets and Other Liab is -0.03. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Other Liab 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 Total Assets and Other Liab 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 Assets of Nanjing Red Sun are associated (or correlated) with its Other Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Liab has no effect on the direction of Total Assets i.e., Nanjing Red's Total Assets and Other Liab go up and down completely randomly.

Correlation Coefficient

-0.03
Relationship DirectionNegative 
Relationship StrengthInsignificant

Total Assets

Total assets refers to the total amount of Nanjing Red assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Nanjing Red Sun books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.

Other Liab

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 29, 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)
 2021 2022 2023 2024 (projected)
Gross Profit938.9M2.4B186.2M176.9M
Research Development167.9M285.4M294.9M161.0M

Nanjing Red fundamental ratios Correlations

0.480.950.650.370.620.530.580.460.170.850.570.860.940.09-0.030.230.570.120.150.410.530.520.610.50.38
0.480.560.08-0.14-0.180.040.23-0.01-0.190.570.260.480.350.230.350.650.360.08-0.330.680.640.730.440.10.37
0.950.560.420.130.530.40.580.390.110.950.550.880.850.230.190.340.510.03-0.090.480.630.650.580.370.34
0.650.080.420.910.680.770.260.530.320.180.360.360.75-0.42-0.72-0.320.370.440.810.16-0.02-0.030.310.750.14
0.37-0.140.130.910.580.690.140.420.31-0.10.25-0.010.46-0.59-0.9-0.410.270.570.94-0.02-0.21-0.210.160.820.09
0.62-0.180.530.680.580.720.190.820.530.330.340.380.7-0.13-0.44-0.460.040.190.490.01-0.13-0.150.10.46-0.13
0.530.040.40.770.690.720.330.40.140.170.190.250.61-0.4-0.57-0.450.260.310.640.370.090.090.390.75-0.04
0.580.230.580.260.140.190.33-0.09-0.150.580.420.390.45-0.140.060.370.830.03-0.010.330.540.490.680.490.65
0.46-0.010.390.530.420.820.4-0.090.820.220.160.280.540.11-0.38-0.37-0.130.240.37-0.11-0.37-0.34-0.230.17-0.21
0.17-0.190.110.320.310.530.14-0.150.820.03-0.160.060.20.22-0.45-0.29-0.170.430.39-0.46-0.61-0.58-0.490.09-0.26
0.850.570.950.18-0.10.330.170.580.220.030.50.880.710.350.40.540.47-0.01-0.320.390.680.690.530.20.35
0.570.260.550.360.250.340.190.420.16-0.160.50.440.55-0.460.050.270.230.060.010.250.40.380.410.290.28
0.860.480.880.36-0.010.380.250.390.280.060.880.440.830.320.30.310.37-0.05-0.180.350.540.550.430.150.17
0.940.350.850.750.460.70.610.450.540.20.710.550.83-0.03-0.150.020.430.160.250.360.360.360.450.50.17
0.090.230.23-0.42-0.59-0.13-0.4-0.140.110.220.35-0.460.32-0.030.590.280.0-0.42-0.560.020.190.18-0.04-0.50.05
-0.030.350.19-0.72-0.9-0.44-0.570.06-0.38-0.450.40.050.3-0.150.590.56-0.03-0.68-0.970.260.540.510.19-0.690.17
0.230.650.34-0.32-0.41-0.46-0.450.37-0.37-0.290.540.270.310.020.280.560.390.01-0.580.170.570.570.35-0.160.56
0.570.360.510.370.270.040.260.83-0.13-0.170.470.230.370.430.0-0.030.39-0.020.130.410.590.550.770.520.84
0.120.080.030.440.570.190.310.030.240.43-0.010.06-0.050.16-0.42-0.680.01-0.020.55-0.24-0.36-0.26-0.30.58-0.24
0.15-0.33-0.090.810.940.490.64-0.010.370.39-0.320.01-0.180.25-0.56-0.97-0.580.130.55-0.18-0.41-0.420.00.71-0.05
0.410.680.480.16-0.020.010.370.33-0.11-0.460.390.250.350.360.020.260.170.41-0.24-0.180.770.810.640.320.28
0.530.640.63-0.02-0.21-0.130.090.54-0.37-0.610.680.40.540.360.190.540.570.59-0.36-0.410.770.980.850.190.58
0.520.730.65-0.03-0.21-0.150.090.49-0.34-0.580.690.380.550.360.180.510.570.55-0.26-0.420.810.980.770.210.5
0.610.440.580.310.160.10.390.68-0.23-0.490.530.410.430.45-0.040.190.350.77-0.30.00.640.850.770.40.76
0.50.10.370.750.820.460.750.490.170.090.20.290.150.5-0.5-0.69-0.160.520.580.710.320.190.210.40.19
0.380.370.340.140.09-0.13-0.040.65-0.21-0.260.350.280.170.170.050.170.560.84-0.24-0.050.280.580.50.760.19
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Nanjing Red Account Relationship Matchups

Nanjing Red fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets13.7B11.5B9.7B10.3B9.9B7.3B
Other Current Liab743.6M1.1B1.1B1.7B583.4M494.6M
Total Current Liabilities8.1B6.5B6.9B6.9B7.2B4.5B
Total Stockholder Equity4.6B4.0B553.9M1.3B878.8M834.9M
Retained Earnings1.7B1.5B(2.3B)(1.5B)(2.2B)(2.1B)
Accounts Payable1.9B1.1B925.9M940.2M1.3B1.3B
Cash1.4B198.1M263.4M392.3M313.6M297.9M
Net Receivables4.6B630.0M2.7B836.3M844.6M867.2M
Inventory1.1B930.0M732.6M1.1B743.5M1.1B
Other Current Assets461.6M418.5M341.0M309.4M88.0M83.6M
Total Liab9.1B7.4B9.1B8.9B8.9B4.9B
Intangible Assets617.9M592.3M521.9M391.5M386.7M260.3M
Property Plant Equipment4.5B3.9B3.5B3.1B3.6B2.6B
Other Assets271.7M581.8M610.5M708.2M814.5M855.2M
Other Liab265.6M470.3M1.8B1.7B1.9B2.0B
Short Term Investments109.7M146.2M180.1M202.5M25.7M39.1M
Long Term Debt1.1B494.0M374.0M301.0M221.8M324.9M
Net Tangible Assets3.3B2.8B(580.4M)267.2M240.5M228.5M
Other Stockholder Equity76.2M74.6M86.4M71.6M82.3M89.4M
Deferred Long Term Liab64.9M63.7M59.0M55.9M64.2M54.4M
Total Current Assets7.6B5.6B4.2B5.2B4.7B5.9B
Non Current Assets Total6.4B6.0B5.5B5.1B5.2B4.7B
Non Currrent Assets Other296.6M243.7M201.8M233.3M183.8M242.7M
Non Current Liabilities Total1.4B964.2M2.2B2.0B1.7B1.3B
Short Long Term Debt4.5B3.8B3.7B3.3B3.4B2.9B
Non Current Liabilities Other240.2M574.8M1.5B1.4B1.3B879.2M
Net Debt4.1B4.1B3.8B3.2B3.3B3.4B
Net Invested Capital9.6B8.3B4.6B4.9B4.5B5.7B
Net Working Capital(353.3M)(883.5M)(2.7B)(1.7B)(2.5B)(2.3B)

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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.