Hengli Net Debt vs Total Assets Analysis

000622 Stock   2.36  0.01  0.42%   
Hengli Industrial financial indicator trend analysis is much more than just examining Hengli Industrial latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Hengli Industrial is a good investment. Please check the relationship between Hengli Industrial Net Debt and its Total Assets accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Hengli Industrial Development. 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 Total Assets

Net Debt vs Total Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Hengli Industrial Net Debt account and Total Assets. At this time, the significance of the direction appears to have pay attention.
The correlation between Hengli Industrial's Net Debt and Total Assets is -0.75. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Total Assets in the same time period over historical financial statements of Hengli Industrial Development, assuming nothing else is changed. The correlation between historical values of Hengli Industrial's Net Debt and Total Assets 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 Hengli Industrial Development are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Net Debt i.e., Hengli Industrial's Net Debt and Total Assets go up and down completely randomly.

Correlation Coefficient

-0.75
Relationship DirectionNegative 
Relationship StrengthWeak

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.

Total Assets

Total assets refers to the total amount of Hengli Industrial 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 Hengli Industrial 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.
Most indicators from Hengli Industrial's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Hengli Industrial 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 Hengli Industrial Development. 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 11, 2024, Selling General Administrative is expected to decline to about 5.9 M. The current year's Tax Provision is expected to grow to about (813.1 K)
 2021 2023 2024 (projected)
Research Development1.6M2.6M1.4M
Minority Interest24.6K28.3K26.9K

Hengli Industrial fundamental ratios Correlations

-0.640.460.040.7-0.06-0.26-0.75-0.630.590.710.140.40.70.290.1-0.560.080.510.060.82-0.50.770.060.040.32
-0.64-0.50.66-0.940.480.840.770.380.01-0.60.16-0.36-0.61-0.16-0.290.52-0.3-0.490.63-0.690.92-0.780.080.18-0.57
0.46-0.50.040.32-0.35-0.58-0.59-0.190.190.55-0.10.820.59-0.030.13-0.030.130.710.110.5-0.350.330.01-0.010.42
0.040.660.04-0.640.30.780.2-0.180.57-0.010.190.08-0.01-0.1-0.440.19-0.150.070.97-0.080.82-0.290.30.4-0.38
0.7-0.940.32-0.64-0.34-0.71-0.77-0.320.070.62-0.110.180.620.270.2-0.50.180.35-0.640.72-0.910.81-0.16-0.210.41
-0.060.48-0.350.3-0.340.40.420.160.36-0.350.75-0.21-0.39-0.20.140.3-0.36-0.120.33-0.510.3-0.270.30.32-0.28
-0.260.84-0.580.78-0.710.40.5-0.010.26-0.310.19-0.4-0.34-0.06-0.430.18-0.17-0.370.72-0.360.88-0.420.220.3-0.52
-0.750.77-0.590.2-0.770.420.50.33-0.31-0.970.21-0.34-0.970.040.190.29-0.18-0.720.25-0.820.6-0.67-0.14-0.16-0.2
-0.630.38-0.19-0.18-0.320.16-0.010.33-0.46-0.27-0.18-0.18-0.29-0.29-0.070.83-0.25-0.35-0.21-0.470.1-0.76-0.2-0.08-0.48
0.590.010.190.570.070.360.26-0.31-0.460.40.270.050.410.03-0.4-0.15-0.050.360.50.370.170.320.380.44-0.26
0.71-0.60.55-0.010.62-0.35-0.31-0.97-0.270.4-0.190.290.99-0.11-0.34-0.170.130.72-0.080.78-0.420.550.210.270.05
0.140.16-0.10.19-0.110.750.190.21-0.180.27-0.190.02-0.24-0.180.230.14-0.310.120.28-0.440.170.110.540.490.16
0.4-0.360.820.080.18-0.21-0.4-0.34-0.180.050.290.020.36-0.090.41-0.060.320.560.230.36-0.250.230.0-0.050.6
0.7-0.610.59-0.010.62-0.39-0.34-0.97-0.290.410.99-0.240.36-0.13-0.33-0.190.210.74-0.070.81-0.430.560.170.230.06
0.29-0.16-0.03-0.10.27-0.2-0.060.04-0.290.03-0.11-0.18-0.09-0.130.23-0.48-0.42-0.34-0.050.36-0.180.32-0.49-0.480.24
0.1-0.290.13-0.440.20.14-0.430.19-0.07-0.4-0.340.230.41-0.330.23-0.320.06-0.08-0.24-0.07-0.450.13-0.31-0.450.74
-0.560.52-0.030.19-0.50.30.180.290.83-0.15-0.170.14-0.06-0.19-0.48-0.32-0.32-0.090.15-0.570.39-0.740.250.39-0.53
0.08-0.30.13-0.150.18-0.36-0.17-0.18-0.25-0.050.13-0.310.320.21-0.420.06-0.320.14-0.130.25-0.210.25-0.1-0.210.25
0.51-0.490.710.070.35-0.12-0.37-0.72-0.350.360.720.120.560.74-0.34-0.08-0.090.140.090.42-0.270.440.520.470.31
0.060.630.110.97-0.640.330.720.25-0.210.5-0.080.280.23-0.07-0.05-0.240.15-0.130.09-0.110.78-0.250.270.33-0.18
0.82-0.690.5-0.080.72-0.51-0.36-0.82-0.470.370.78-0.440.360.810.36-0.07-0.570.250.42-0.11-0.550.67-0.23-0.220.22
-0.50.92-0.350.82-0.910.30.880.60.10.17-0.420.17-0.25-0.43-0.18-0.450.39-0.21-0.270.78-0.55-0.590.290.37-0.47
0.77-0.780.33-0.290.81-0.27-0.42-0.67-0.760.320.550.110.230.560.320.13-0.740.250.44-0.250.67-0.590.07-0.040.56
0.060.080.010.3-0.160.30.22-0.14-0.20.380.210.540.00.17-0.49-0.310.25-0.10.520.27-0.230.290.070.97-0.01
0.040.18-0.010.4-0.210.320.3-0.16-0.080.440.270.49-0.050.23-0.48-0.450.39-0.210.470.33-0.220.37-0.040.97-0.2
0.32-0.570.42-0.380.41-0.28-0.52-0.2-0.48-0.260.050.160.60.060.240.74-0.530.250.31-0.180.22-0.470.56-0.01-0.2
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Hengli Industrial Account Relationship Matchups

Hengli Industrial fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets316.4M387.8M342.9M326.9M395.9M391.7M
Other Current Liab21.4M10.0M1.7M30.3M1.5M1.5M
Total Current Liabilities69.7M142.5M96.4M91.0M147.6M173.4M
Total Stockholder Equity202.6M205.8M207.6M194.3M182.8M104.7M
Property Plant And Equipment Net17.2M15.2M13.6M23.1M73.7M56.9M
Net Debt(74.0M)(86.9M)(136.5M)(36.3M)(4.6M)(4.3M)
Retained Earnings(420.2M)(417.0M)(415.2M)(428.5M)(440.0M)(418.0M)
Accounts Payable40.6M44.8M32.6M28.1M59.6M51.4M
Cash80.4M103.5M146.0M48.7M40.6M38.5M
Non Current Assets Total19.6M18.1M28.7M117.6M171.8M88.6M
Non Currrent Assets Other687.1K832.7K869.3K408.5K3.5M3.3M
Cash And Short Term Investments89.4M103.7M146.0M48.7M40.6M38.5M
Net Receivables193.7M251.8M46.5M139.5M167.3M129.2M
Liabilities And Stockholders Equity316.4M387.8M342.9M326.9M395.9M391.7M
Inventory13.4M14.1M13.3M20.2M14.0M13.3M
Other Current Assets290.3K193.6K108.4M1.0M2.3M2.2M
Total Liab101.5M174.4M128.3M125.5M206.1M196.9M
Total Current Assets296.8M369.8M314.2M209.3M224.1M269.9M
Other Assets924.7K1.02.5M2.8M0.90.86
Short Term Investments49K9M234.3K(126.3K)(113.7K)(108.0K)
Property Plant Equipment16.9M17.2M15.2M13.6M12.2M11.6M
Net Tangible Assets190.7M202.6M205.8M195.5M224.8M217.0M
Deferred Long Term Liab142.9K687.1K832.7K869.3K782.4K701.5K
Net Invested Capital202.6M205.8M217.0M206.7M218.8M224.6M
Net Working Capital227.1M227.2M217.8M118.3M76.5M148.3M

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Other Information on Investing in Hengli Stock

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