Qinghai Net Tangible Assets vs Cash Analysis

000792 Stock   16.68  0.21  1.24%   
Qinghai Salt financial indicator trend analysis is much more than just breaking down Qinghai Salt Lake prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Qinghai Salt Lake is a good investment. Please check the relationship between Qinghai Salt Net Tangible Assets and its Cash accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Qinghai Salt Lake. 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 Tangible Assets vs Cash

Net Tangible Assets vs Cash Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Qinghai Salt Lake Net Tangible Assets account and Cash. At this time, the significance of the direction appears to have weak relationship.
The correlation between Qinghai Salt's Net Tangible Assets and Cash is 0.32. Overlapping area represents the amount of variation of Net Tangible Assets that can explain the historical movement of Cash in the same time period over historical financial statements of Qinghai Salt Lake, assuming nothing else is changed. The correlation between historical values of Qinghai Salt's Net Tangible Assets and Cash 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 Tangible Assets of Qinghai Salt Lake are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Net Tangible Assets i.e., Qinghai Salt's Net Tangible Assets and Cash go up and down completely randomly.

Correlation Coefficient

0.32
Relationship DirectionPositive 
Relationship StrengthVery Weak

Net Tangible Assets

The total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company.

Cash

Cash refers to the most liquid asset of Qinghai Salt Lake, which is listed under current asset account on Qinghai Salt Lake balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Qinghai Salt customers. The amounts must be unrestricted with restricted cash listed in a different Qinghai Salt account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.
Most indicators from Qinghai Salt's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Qinghai Salt Lake 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 Qinghai Salt Lake. 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 Tax Provision is expected to grow to about 1.3 B, whereas Selling General Administrative is forecasted to decline to about 303.1 M.
 2021 2022 2023 2024 (projected)
Operating Income6.8B21.4B9.9B10.4B
Total Revenue14.8B30.7B21.6B22.7B

Qinghai Salt fundamental ratios Correlations

0.620.680.50.610.920.14-0.19-0.170.90.710.82-0.20.940.290.830.17-0.050.360.62-0.080.220.290.11-0.220.49
0.620.630.050.30.64-0.16-0.2-0.150.70.520.66-0.250.650.440.620.41-0.250.020.720.110.30.4-0.14-0.210.35
0.680.63-0.150.170.85-0.10.050.050.820.570.91-0.20.680.690.660.37-0.32-0.330.67-0.440.10.7-0.280.080.22
0.50.05-0.150.50.210.66-0.06-0.510.190.1-0.040.290.32-0.460.06-0.390.00.870.240.4-0.3-0.540.62-0.10.19
0.610.30.170.50.51-0.13-0.75-0.210.450.70.37-0.670.7-0.110.56-0.440.620.720.27-0.350.40.340.21-0.770.93
0.920.640.850.210.51-0.11-0.21-0.060.940.770.94-0.310.950.440.880.26-0.090.090.71-0.30.270.54-0.21-0.20.51
0.14-0.16-0.10.66-0.13-0.110.58-0.49-0.06-0.42-0.180.73-0.18-0.14-0.32-0.24-0.420.320.020.42-0.74-0.630.730.44-0.47
-0.19-0.20.05-0.06-0.75-0.210.580.0-0.15-0.62-0.10.82-0.420.2-0.340.29-0.66-0.46-0.150.35-0.67-0.430.130.76-0.87
-0.17-0.150.05-0.51-0.21-0.06-0.490.00.040.260.08-0.19-0.080.230.10.420.24-0.46-0.37-0.30.310.29-0.41-0.06-0.05
0.90.70.820.190.450.94-0.06-0.150.040.80.93-0.260.90.580.870.38-0.10.040.63-0.250.290.51-0.17-0.230.43
0.710.520.570.10.70.77-0.42-0.620.260.80.71-0.640.830.330.790.160.390.190.38-0.480.550.65-0.22-0.560.76
0.820.660.91-0.040.370.94-0.18-0.10.080.930.71-0.350.860.690.90.36-0.09-0.170.6-0.380.280.67-0.33-0.210.42
-0.2-0.25-0.20.29-0.67-0.310.730.82-0.19-0.26-0.64-0.35-0.47-0.19-0.540.14-0.72-0.11-0.040.64-0.8-0.750.280.8-0.86
0.940.650.680.320.70.95-0.18-0.42-0.080.90.830.86-0.470.30.930.160.140.310.63-0.240.440.48-0.15-0.440.7
0.290.440.69-0.46-0.110.44-0.140.20.230.580.330.69-0.190.30.50.39-0.2-0.630.23-0.340.140.63-0.34-0.03-0.01
0.830.620.660.060.560.88-0.32-0.340.10.870.790.9-0.540.930.50.320.210.070.43-0.280.560.57-0.28-0.480.62
0.170.410.37-0.39-0.440.26-0.240.290.420.380.160.360.140.160.390.32-0.35-0.520.10.140.290.13-0.410.27-0.31
-0.05-0.25-0.320.00.62-0.09-0.42-0.660.24-0.10.39-0.09-0.720.14-0.20.21-0.350.37-0.52-0.450.470.250.01-0.830.68
0.360.02-0.330.870.720.090.32-0.46-0.460.040.19-0.17-0.110.31-0.630.07-0.520.370.120.230.04-0.380.55-0.440.51
0.620.720.670.240.270.710.02-0.15-0.370.630.380.6-0.040.630.230.430.1-0.520.120.040.040.3-0.170.070.27
-0.080.11-0.440.4-0.35-0.30.420.35-0.3-0.25-0.48-0.380.64-0.24-0.34-0.280.14-0.450.230.04-0.3-0.810.220.33-0.46
0.220.30.1-0.30.40.27-0.74-0.670.310.290.550.28-0.80.440.140.560.290.470.040.04-0.30.51-0.32-0.560.59
0.290.40.7-0.540.340.54-0.63-0.430.290.510.650.67-0.750.480.630.570.130.25-0.380.3-0.810.51-0.44-0.370.55
0.11-0.14-0.280.620.21-0.210.730.13-0.41-0.17-0.22-0.330.28-0.15-0.34-0.28-0.410.010.55-0.170.22-0.32-0.440.13-0.11
-0.22-0.210.08-0.1-0.77-0.20.440.76-0.06-0.23-0.56-0.210.8-0.44-0.03-0.480.27-0.83-0.440.070.33-0.56-0.370.13-0.86
0.490.350.220.190.930.51-0.47-0.87-0.050.430.760.42-0.860.7-0.010.62-0.310.680.510.27-0.460.590.55-0.11-0.86
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Qinghai Salt Account Relationship Matchups

Qinghai Salt fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets22.5B20.1B25.3B42.0B46.4B33.3B
Other Current Liab3.1B1.5B1.0B2.6B73.5M69.8M
Total Current Liabilities29.2B5.1B5.9B8.5B9.4B10.1B
Total Stockholder Equity(30.5B)4.1B9.3B25.2B31.9B33.5B
Retained Earnings(43.1B)(41.1B)(36.6B)(21.0B)(15.1B)(14.3B)
Accounts Payable3.7B2.1B1.7B2.0B2.3B2.7B
Cash1.5B2.1B5.3B16.5B17.8B18.6B
Other Assets3.3B2.4B2.7B2.6B3.0B3.2B
Net Receivables3.8B908.5M4.4B630.8M177.8M168.9M
Inventory2.2B1.3B1.2B1.8B1.2B1.7B
Other Current Assets1.7B569.1M266.8M596.5M269.1M255.6M
Total Liab51.6B14.8B13.6B13.5B11.7B22.1B
Property Plant Equipment8.2B8.7B8.3B8.2B9.5B9.0B
Other Liab3.9B812.2M564.3M641.0M737.2M1.1B
Long Term Debt15.2B7.1B6.5B4.0B128.2M121.8M
Intangible Assets1.1B1.1B1.0B1.0B174.2M165.5M
Net Tangible Assets(31.7B)3.0B8.3B24.2B21.8B22.8B
Other Stockholder Equity343.5M346.2M408.2M383.3M345.0M676.4M
Deferred Long Term Liab6.9M52.6M53.0M39.5M45.4M36.5M
Short Long Term Debt4.5B6.3B8.2B76.9M12M11.4M
Total Current Assets9.2B7.1B12.4B29.3B30.4B18.2B
Non Current Assets Total13.3B13.0B12.9B12.7B16.0B26.5B
Non Currrent Assets Other242.7M159.8M351.5M413.6M3.5B3.7B
Non Current Liabilities Total22.4B9.7B7.8B5.0B2.3B2.2B
Non Current Liabilities Other20.4B1.3B125.9M148.3M80.2M76.2M
Net Invested Capital(7.1B)11.2B15.8B29.2B32.0B22.9B
Net Working Capital(20.0B)2.0B6.5B20.8B21.0B22.0B

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Other Information on Investing in Qinghai Stock

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