Tongling Accounts Payable vs Short Term Debt Analysis

000630 Stock

3.30 0.04 1.23%

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

Accounts Payable vs Short Term Debt

Accounts Payable vs Short Term Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Tongling Nonferrous Accounts Payable account and Short Term Debt. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between Tongling Nonferrous' Accounts Payable and Short Term Debt is 0.47. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Short Term Debt in the same time period over historical financial statements of Tongling Nonferrous Metals, assuming nothing else is changed. The correlation between historical values of Tongling Nonferrous' Accounts Payable and Short 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 Accounts Payable of Tongling Nonferrous Metals are associated (or correlated) with its Short Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Term Debt has no effect on the direction of Accounts Payable i.e., Tongling Nonferrous' Accounts Payable and Short Term Debt go up and down completely randomly.

Correlation Coefficient

0.47

Relationship Direction	Positive
Relationship Strength	Weak

View All Relationships

Accounts Payable

An accounting item on the balance sheet that represents Tongling Nonferrous obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Tongling Nonferrous are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.

Short Term Debt

Most indicators from Tongling Nonferrous' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Tongling Nonferrous 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 Tongling Nonferrous Metals. 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 592.6 M. The current year's Tax Provision is expected to grow to about 1.7 B

	2021	2022	2023	2024 (projected)
Operating Income	6.0B	5.2B	6.6B	6.9B
Total Revenue	131.0B	121.8B	137.5B	144.3B

Operating Income Total Revenue

Tongling Nonferrous fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	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	Other Liab	Good Will	Net Tangible Assets	Other Stockholder Equity	Deferred Long Term Liab	Long Term Investments	Short Long Term Debt	Total Current Assets	Short Term Debt	Non Current Assets Total
Total Assets		0.05	0.59	0.97	0.91	0.61	0.93	0.54	0.84	0.18	0.68	0.05	0.7	0.47	0.73	0.63	0.4	-0.59	0.73	0.35	-0.29	-0.51	0.51	0.72	0.57	0.65
Other Current Liab	0.05		0.49	0.08	-0.02	0.56	0.03	0.54	-0.37	0.27	0.45	0.72	0.34	0.76	0.36	0.45	0.56	-0.44	0.11	0.02	0.0	0.04	0.33	0.01	0.33	-0.39
Total Current Liabilities	0.59	0.49		0.45	0.41	0.82	0.47	0.59	0.25	0.68	0.75	0.61	0.95	0.58	0.43	0.95	0.39	-0.42	0.28	0.03	0.13	-0.08	0.36	0.22	0.37	0.12
Total Stockholder Equity	0.97	0.08	0.45		0.91	0.56	0.94	0.56	0.79	0.03	0.64	-0.01	0.57	0.52	0.8	0.51	0.46	-0.66	0.84	0.43	-0.34	-0.54	0.59	0.8	0.67	0.68
Retained Earnings	0.91	-0.02	0.41	0.91		0.52	0.85	0.33	0.82	-0.04	0.68	0.09	0.54	0.28	0.52	0.39	0.18	-0.35	0.79	0.44	-0.45	-0.53	0.3	0.82	0.39	0.61
Accounts Payable	0.61	0.56	0.82	0.56	0.52		0.48	0.64	0.28	0.26	0.88	0.59	0.81	0.67	0.56	0.81	0.53	-0.53	0.49	0.08	-0.25	-0.05	0.43	0.41	0.47	0.14
Cash	0.93	0.03	0.47	0.94	0.85	0.48		0.43	0.79	0.14	0.56	-0.03	0.58	0.48	0.73	0.51	0.31	-0.61	0.75	0.31	-0.26	-0.36	0.52	0.76	0.56	0.61
Other Assets	0.54	0.54	0.59	0.56	0.33	0.64	0.43		0.22	0.16	0.64	0.33	0.63	0.84	0.78	0.73	0.91	-0.77	0.55	0.49	-0.12	-0.38	0.72	0.39	0.74	0.35
Long Term Debt	0.84	-0.37	0.25	0.79	0.82	0.28	0.79	0.22		-0.07	0.39	-0.22	0.46	0.11	0.42	0.34	0.12	-0.29	0.55	0.39	-0.53	-0.43	0.11	0.61	0.16	0.73
Net Receivables	0.18	0.27	0.68	0.03	-0.04	0.26	0.14	0.16	-0.07		0.08	0.42	0.51	0.25	0.11	0.58	0.02	-0.16	-0.24	-0.22	0.58	0.12	0.15	-0.3	0.12	-0.24
Inventory	0.68	0.45	0.75	0.64	0.68	0.88	0.56	0.64	0.39	0.08		0.48	0.82	0.56	0.5	0.75	0.45	-0.44	0.7	0.27	-0.29	-0.3	0.38	0.68	0.44	0.38
Other Current Assets	0.05	0.72	0.61	-0.01	0.09	0.59	-0.03	0.33	-0.22	0.42	0.48		0.47	0.42	0.05	0.5	0.19	-0.11	-0.02	0.21	-0.07	0.14	0.0	-0.08	0.0	-0.49
Total Liab	0.7	0.34	0.95	0.57	0.54	0.81	0.58	0.63	0.46	0.51	0.82	0.47		0.58	0.47	0.96	0.41	-0.45	0.46	0.18	-0.07	-0.15	0.31	0.42	0.35	0.38
Intangible Assets	0.47	0.76	0.58	0.52	0.28	0.67	0.48	0.84	0.11	0.25	0.56	0.42	0.58		0.79	0.68	0.86	-0.82	0.48	0.27	-0.16	-0.15	0.63	0.34	0.65	0.16
Common Stock	0.73	0.36	0.43	0.8	0.52	0.56	0.73	0.78	0.42	0.11	0.5	0.05	0.47	0.79		0.54	0.75	-0.97	0.69	0.32	-0.14	-0.36	0.81	0.56	0.85	0.45
Property Plant Equipment	0.63	0.45	0.95	0.51	0.39	0.81	0.51	0.73	0.34	0.58	0.75	0.5	0.96	0.68	0.54		0.55	-0.54	0.35	0.16	0.01	-0.09	0.44	0.26	0.44	0.26
Other Liab	0.4	0.56	0.39	0.46	0.18	0.53	0.31	0.91	0.12	0.02	0.45	0.19	0.41	0.86	0.75	0.55		-0.74	0.42	0.35	-0.17	-0.36	0.71	0.26	0.72	0.27
Good Will	-0.59	-0.44	-0.42	-0.66	-0.35	-0.53	-0.61	-0.77	-0.29	-0.16	-0.44	-0.11	-0.45	-0.82	-0.97	-0.54	-0.74		-0.59	-0.27	0.09	0.26	-0.73	-0.46	-0.76	-0.33
Net Tangible Assets	0.73	0.11	0.28	0.84	0.79	0.49	0.75	0.55	0.55	-0.24	0.7	-0.02	0.46	0.48	0.69	0.35	0.42	-0.59		0.53	-0.36	-0.46	0.54	0.96	0.63	0.73
Other Stockholder Equity	0.35	0.02	0.03	0.43	0.44	0.08	0.31	0.49	0.39	-0.22	0.27	0.21	0.18	0.27	0.32	0.16	0.35	-0.27	0.53		-0.47	-0.44	0.18	0.46	0.23	0.4
Deferred Long Term Liab	-0.29	0.0	0.13	-0.34	-0.45	-0.25	-0.26	-0.12	-0.53	0.58	-0.29	-0.07	-0.07	-0.16	-0.14	0.01	-0.17	0.09	-0.36	-0.47		0.06	0.24	-0.38	0.17	-0.29
Long Term Investments	-0.51	0.04	-0.08	-0.54	-0.53	-0.05	-0.36	-0.38	-0.43	0.12	-0.3	0.14	-0.15	-0.15	-0.36	-0.09	-0.36	0.26	-0.46	-0.44	0.06		-0.3	-0.49	-0.35	-0.49
Short Long Term Debt	0.51	0.33	0.36	0.59	0.3	0.43	0.52	0.72	0.11	0.15	0.38	0.0	0.31	0.63	0.81	0.44	0.71	-0.73	0.54	0.18	0.24	-0.3		0.39	0.98	0.28
Total Current Assets	0.72	0.01	0.22	0.8	0.82	0.41	0.76	0.39	0.61	-0.3	0.68	-0.08	0.42	0.34	0.56	0.26	0.26	-0.46	0.96	0.46	-0.38	-0.49	0.39		0.47	0.72
Short Term Debt	0.57	0.33	0.37	0.67	0.39	0.47	0.56	0.74	0.16	0.12	0.44	0.0	0.35	0.65	0.85	0.44	0.72	-0.76	0.63	0.23	0.17	-0.35	0.98	0.47		0.38
Non Current Assets Total	0.65	-0.39	0.12	0.68	0.61	0.14	0.61	0.35	0.73	-0.24	0.38	-0.49	0.38	0.16	0.45	0.26	0.27	-0.33	0.73	0.4	-0.29	-0.49	0.28	0.72	0.38

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Tongling Nonferrous Account Relationship Matchups

Tongling Nonferrous fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	48.0B	52.2B	50.8B	61.4B	78.2B	82.2B
Other Current Liab	1.5B	1.8B	2.1B	1.8B	54.1M	51.4M
Total Current Liabilities	21.9B	24.5B	23.0B	24.2B	24.0B	16.8B
Total Stockholder Equity	18.4B	18.9B	21.7B	25.4B	31.8B	33.4B
Retained Earnings	5.1B	5.6B	8.3B	10.0B	11.2B	11.8B
Accounts Payable	7.7B	10.1B	9.2B	9.0B	7.4B	5.6B
Cash	5.2B	6.1B	5.7B	10.3B	11.2B	11.7B
Other Assets	618.3M	558.2M	453.5M	493.3M	567.3M	304.9M
Long Term Debt	5.2B	5.0B	3.5B	6.1B	12.1B	12.7B
Net Receivables	3.1B	1.5B	2.6B	2.0B	1.9B	2.1B
Inventory	10.9B	15.5B	13.7B	17.3B	15.8B	8.5B
Other Current Assets	4.7B	3.5B	7.3B	6.8B	1.1B	1.0B
Total Liab	27.9B	31.5B	27.4B	31.5B	38.7B	21.3B
Intangible Assets	2.4B	2.5B	2.2B	2.2B	1.7B	1.0B
Property Plant Equipment	20.4B	20.6B	16.9B	18.9B	21.7B	13.7B
Other Liab	2.1B	2.0B	949.7M	988.6M	1.1B	796.2M
Net Tangible Assets	15.9B	16.4B	19.5B	23.2B	26.6B	18.3B
Other Stockholder Equity	158.7M	12.6M	148.3M	170.5M	196.1M	126.8M
Short Long Term Debt	10.4B	9.8B	7.1B	11.2B	9.7B	11.3B
Total Current Assets	23.8B	27.8B	29.2B	38.8B	41.2B	31.1B
Non Current Assets Total	24.2B	24.4B	21.6B	22.6B	37.0B	27.2B
Non Currrent Assets Other	222.0M	100.6M	93.3M	65.2M	1.1B	1.2B
Non Current Liabilities Total	6.0B	7.0B	4.5B	7.3B	14.7B	15.5B
Non Current Liabilities Other	160.3M	120.3M	89.6M	204.3M	1.1B	611.4M
Net Debt	9.2B	8.7B	5.0B	7.0B	10.6B	7.1B
Net Invested Capital	32.6B	33.7B	32.3B	42.7B	53.5B	41.4B
Net Working Capital	1.9B	3.3B	6.2B	14.6B	17.2B	18.1B

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

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Tongling Accounts Payable vs Short Term Debt Analysis

Accounts Payable vs Short Term Debt

Accounts Payable vs Short Term Debt Correlation Analysis

Correlation Coefficient

Accounts Payable

Short Term Debt

Tongling Nonferrous fundamental ratios Correlations

Tongling Nonferrous Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Tongling Nonferrous fundamental ratios Accounts

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COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Short Term Debt	+ 0.98	Short Long Term Debt
Total Stockholder Equity	+ 0.97	Total Assets
Property Plant Equipment	+ 0.96	Total Liab
Total Current Assets	+ 0.96	Net Tangible Assets
Total Liab	+ 0.95	Total Current Liabilities
Property Plant Equipment	+ 0.95	Total Current Liabilities

Good Will	- 0.97	Common Stock
Good Will	- 0.82	Intangible Assets
Good Will	- 0.77	Other Assets
Short Term Debt	- 0.76	Good Will
Good Will	- 0.74	Other Liab
Short Long Term Debt	- 0.73	Good Will