Shenyang Total Current Assets vs Non Current Liabilities Total Analysis

000698 Stock

3.16 0.16 4.82%

Shenyang Chemical financial indicator trend analysis is much more than just breaking down Shenyang Chemical prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Shenyang Chemical is a good investment. Please check the relationship between Shenyang Chemical Total Current Assets and its Non Current Liabilities Total accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Shenyang Chemical Industry. 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 Current Assets vs Non Current Liabilities Total

Total Current Assets vs Non Current Liabilities Total Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Shenyang Chemical Total Current Assets account and Non Current Liabilities Total. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Shenyang Chemical's Total Current Assets and Non Current Liabilities Total is -0.49. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Non Current Liabilities Total in the same time period over historical financial statements of Shenyang Chemical Industry, assuming nothing else is changed. The correlation between historical values of Shenyang Chemical's Total Current Assets and Non Current Liabilities Total 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 Current Assets of Shenyang Chemical Industry are associated (or correlated) with its Non Current Liabilities Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Liabilities Total has no effect on the direction of Total Current Assets i.e., Shenyang Chemical's Total Current Assets and Non Current Liabilities Total go up and down completely randomly.

Correlation Coefficient

-0.49

Relationship Direction	Negative
Relationship Strength	Very Weak

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Total Current Assets

The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.

Non Current Liabilities Total

Most indicators from Shenyang Chemical's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Shenyang Chemical 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 Shenyang Chemical Industry. 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 191.9 M, whereas Tax Provision is forecasted to decline to about 13.9 M.

	2022	2023	2024	2025 (projected)
Gross Profit	180.6M	166.6M	150.0M	142.5M
Research Development	202.2M	113.7M	130.7M	162.9M

Gross Profit Research Development

Shenyang Chemical 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	Short Term Investments	Net Tangible Assets	Deferred Long Term Liab	Short Long Term Debt	Total Current Assets	Short Term Debt	Non Current Assets Total	Non Currrent Assets Other	Non Current Liabilities Total
Total Assets		0.27	0.79	0.88	0.7	0.31	0.62	0.65	0.01	0.34	0.46	0.65	0.91	0.58	0.67	0.66	-0.26	-0.64	0.46	0.59	0.58	0.63	0.35	0.12	0.31	-0.19
Other Current Liab	0.27		0.3	0.0	-0.14	0.16	0.22	-0.15	0.37	-0.19	-0.21	0.25	0.45	0.09	0.41	0.23	0.45	-0.41	-0.23	-0.27	0.03	0.15	0.16	-0.18	-0.31	0.06
Total Current Liabilities	0.79	0.3		0.47	0.31	0.71	0.85	0.44	-0.22	0.03	0.4	0.38	0.91	0.77	0.85	0.17	0.02	-0.59	0.05	0.41	0.78	0.68	0.74	-0.38	-0.09	-0.59
Total Stockholder Equity	0.88	0.0	0.47		0.88	-0.03	0.27	0.69	-0.11	0.54	0.48	0.69	0.6	0.27	0.31	0.79	-0.5	-0.43	0.74	0.72	0.4	0.49	0.03	0.48	0.59	0.03
Retained Earnings	0.7	-0.14	0.31	0.88		-0.08	0.17	0.6	-0.19	0.63	0.43	0.7	0.41	0.02	0.1	0.63	-0.81	-0.1	0.93	0.79	0.21	0.32	-0.13	0.66	0.84	0.29
Accounts Payable	0.31	0.16	0.71	-0.03	-0.08		0.79	-0.14	-0.32	-0.43	0.56	-0.1	0.54	0.57	0.58	-0.43	0.09	-0.16	-0.28	0.11	0.67	0.69	0.79	-0.68	-0.3	-0.62
Cash	0.62	0.22	0.85	0.27	0.17	0.79		0.16	-0.14	0.04	0.36	0.14	0.79	0.76	0.83	-0.12	0.07	-0.41	-0.13	0.35	0.78	0.63	0.87	-0.56	-0.15	-0.62
Other Assets	0.65	-0.15	0.44	0.69	0.6	-0.14	0.16		-0.08	0.39	0.26	0.53	0.5	0.37	0.31	0.63	-0.28	-0.54	0.5	0.56	0.22	0.17	0.01	0.34	0.44	0.04
Long Term Debt	0.01	0.37	-0.22	-0.11	-0.19	-0.32	-0.14	-0.08		0.03	-0.4	-0.08	0.12	-0.05	0.12	0.35	0.27	-0.29	-0.2	-0.43	-0.52	-0.47	-0.38	0.12	-0.15	0.38
Net Receivables	0.34	-0.19	0.03	0.54	0.63	-0.43	0.04	0.39	0.03		-0.14	0.28	0.1	-0.04	0.02	0.5	-0.5	0.06	0.63	0.53	0.03	-0.14	-0.16	0.56	0.51	0.16
Inventory	0.46	-0.21	0.4	0.48	0.43	0.56	0.36	0.26	-0.4	-0.14		0.08	0.35	0.18	0.15	0.09	-0.39	-0.17	0.35	0.49	0.46	0.7	0.27	-0.01	0.31	-0.21
Other Current Assets	0.65	0.25	0.38	0.69	0.7	-0.1	0.14	0.53	-0.08	0.28	0.08		0.5	0.12	0.2	0.56	-0.44	-0.23	0.63	0.59	0.29	0.37	-0.03	0.44	0.55	0.22
Total Liab	0.91	0.45	0.91	0.6	0.41	0.54	0.79	0.5	0.12	0.1	0.35	0.5		0.72	0.85	0.43	0.01	-0.72	0.13	0.37	0.61	0.61	0.55	-0.2	0.02	-0.34
Intangible Assets	0.58	0.09	0.77	0.27	0.02	0.57	0.76	0.37	-0.05	-0.04	0.18	0.12	0.72		0.75	0.03	0.24	-0.48	-0.27	0.14	0.65	0.48	0.69	-0.54	-0.35	-0.63
Common Stock	0.67	0.41	0.85	0.31	0.1	0.58	0.83	0.31	0.12	0.02	0.15	0.2	0.85	0.75		0.16	0.32	-0.73	-0.18	0.19	0.6	0.38	0.74	-0.53	-0.26	-0.57
Property Plant Equipment	0.66	0.23	0.17	0.79	0.63	-0.43	-0.12	0.63	0.35	0.5	0.09	0.56	0.43	0.03	0.16		-0.23	-0.54	0.58	0.33	-0.09	0.03	-0.38	0.63	0.45	0.35
Other Liab	-0.26	0.45	0.02	-0.5	-0.81	0.09	0.07	-0.28	0.27	-0.5	-0.39	-0.44	0.01	0.24	0.32	-0.23		-0.43	-0.88	-0.68	0.0	-0.17	0.32	-0.71	-0.84	-0.4
Short Term Investments	-0.64	-0.41	-0.59	-0.43	-0.1	-0.16	-0.41	-0.54	-0.29	0.06	-0.17	-0.23	-0.72	-0.48	-0.73	-0.54	-0.43		0.11	-0.07	-0.3	-0.22	-0.33	0.25	0.15	0.29
Net Tangible Assets	0.46	-0.23	0.05	0.74	0.93	-0.28	-0.13	0.5	-0.2	0.63	0.35	0.63	0.13	-0.27	-0.18	0.58	-0.88	0.11		0.71	-0.01	0.15	-0.37	0.83	0.87	0.45
Deferred Long Term Liab	0.59	-0.27	0.41	0.72	0.79	0.11	0.35	0.56	-0.43	0.53	0.49	0.59	0.37	0.14	0.19	0.33	-0.68	-0.07	0.71		0.53	0.46	0.21	0.34	0.71	-0.09
Short Long Term Debt	0.58	0.03	0.78	0.4	0.21	0.67	0.78	0.22	-0.52	0.03	0.46	0.29	0.61	0.65	0.6	-0.09	0.0	-0.3	-0.01	0.53		0.85	0.87	-0.48	-0.12	-0.79
Total Current Assets	0.63	0.15	0.68	0.49	0.32	0.69	0.63	0.17	-0.47	-0.14	0.7	0.37	0.61	0.48	0.38	0.03	-0.17	-0.22	0.15	0.46	0.85		0.61	-0.25	0.04	-0.49
Short Term Debt	0.35	0.16	0.74	0.03	-0.13	0.79	0.87	0.01	-0.38	-0.16	0.27	-0.03	0.55	0.69	0.74	-0.38	0.32	-0.33	-0.37	0.21	0.87	0.61		-0.8	-0.43	-0.86
Non Current Assets Total	0.12	-0.18	-0.38	0.48	0.66	-0.68	-0.56	0.34	0.12	0.56	-0.01	0.44	-0.2	-0.54	-0.53	0.63	-0.71	0.25	0.83	0.34	-0.48	-0.25	-0.8		0.78	0.78
Non Currrent Assets Other	0.31	-0.31	-0.09	0.59	0.84	-0.3	-0.15	0.44	-0.15	0.51	0.31	0.55	0.02	-0.35	-0.26	0.45	-0.84	0.15	0.87	0.71	-0.12	0.04	-0.43	0.78		0.58
Non Current Liabilities Total	-0.19	0.06	-0.59	0.03	0.29	-0.62	-0.62	0.04	0.38	0.16	-0.21	0.22	-0.34	-0.63	-0.57	0.35	-0.4	0.29	0.45	-0.09	-0.79	-0.49	-0.86	0.78	0.58

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Shenyang Chemical Account Relationship Matchups

Shenyang Chemical fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	10.5B	10.1B	6.8B	6.1B	7.0B	7.2B
Other Current Liab	407.2M	950.3M	836.8M	978.1M	1.1B	811.5M
Total Current Liabilities	5.7B	5.1B	3.6B	4.1B	4.8B	3.2B
Total Stockholder Equity	4.1B	4.1B	2.0B	1.5B	1.8B	3.0B
Retained Earnings	1.9B	1.9B	(164.0M)	(985.2M)	(1.1B)	(1.1B)
Accounts Payable	1.2B	1.6B	979.7M	954.6M	1.1B	606.4M
Cash	1.7B	1.9B	1.8B	1.4B	1.6B	846.6M
Other Assets	233.8M	186.0M	170.5M	114.4M	131.6M	137.7M
Long Term Debt	374.8M	200M	306.8M	800M	920M	733.2M
Net Receivables	74.7M	91.0M	73.6M	84.8M	76.3M	72.5M
Inventory	679.2M	1.3B	398.1M	294.4M	338.6M	508.4M
Other Current Assets	1.3B	181.3M	88.3M	27.9M	32.1M	30.5M
Total Liab	6.4B	6.0B	4.8B	4.5B	5.2B	4.2B
Intangible Assets	804.5M	778.1M	756.0M	771.6M	887.3M	931.7M
Property Plant Equipment	4.1B	4.3B	4.0B	2.6B	3.0B	4.3B
Other Liab	134.4M	116.7M	104.6M	444.3M	511.0M	536.5M
Net Tangible Assets	2.9B	3.3B	3.3B	1.2B	1.1B	1.1B
Deferred Long Term Liab	100.9M	71.4M	59.1M	17.3M	15.6M	14.8M
Short Long Term Debt	3.4B	2.5B	1.4B	1.5B	1.7B	2.2B
Total Current Assets	5.2B	5.1B	3.3B	2.7B	3.1B	4.1B
Non Current Assets Total	5.2B	4.9B	3.5B	3.4B	3.0B	4.1B
Non Currrent Assets Other	65.9M	57.6M	41.4M	1.3M	1.1M	1.1M
Non Current Liabilities Total	657.1M	820.9M	1.2B	380.0M	342.0M	324.9M
Net Debt	1.9B	904.6M	403.0M	80.9M	72.8M	69.1M
Net Invested Capital	7.7B	7.0B	4.2B	3.0B	2.7B	4.8B
Net Working Capital	(498.1M)	(7.7M)	(244.2M)	(1.4B)	(1.6B)	(1.6B)
Property Plant And Equipment Net	4.3B	4.0B	2.6B	2.5B	2.2B	2.8B
Property Plant And Equipment Gross	10.0B	10.3B	2.6B	10.5B	9.5B	6.9B

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

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Shenyang Total Current Assets vs Non Current Liabilities Total Analysis

Total Current Assets vs Non Current Liabilities Total

Total Current Assets vs Non Current Liabilities Total Correlation Analysis

Correlation Coefficient

Total Current Assets

Non Current Liabilities Total

Shenyang Chemical fundamental ratios Correlations

Shenyang Chemical Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Shenyang Chemical fundamental ratios Accounts

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COMMON DESTINATIONS

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Net Tangible Assets	+ 0.93	Retained Earnings
Total Liab	+ 0.91	Total Assets
Total Liab	+ 0.91	Total Current Liabilities
Total Stockholder Equity	+ 0.88	Total Assets
Retained Earnings	+ 0.88	Total Stockholder Equity
Short Term Debt	+ 0.87	Cash

Net Tangible Assets	- 0.88	Other Liab
Non Current Liabilities Total	- 0.86	Short Term Debt
Non Currrent Assets Other	- 0.84	Other Liab
Other Liab	- 0.81	Retained Earnings
Non Current Assets Total	- 0.8	Short Term Debt
Non Current Liabilities Total	- 0.79	Short Long Term Debt