XinJiang Total Current Assets vs Long Term Debt Analysis

002205 Stock   9.25  0.04  0.43%   
XinJiang GuoTong financial indicator trend analysis is more than just analyzing XinJiang GuoTong Pipeline current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether XinJiang GuoTong Pipeline is a good investment. Please check the relationship between XinJiang GuoTong Total Current Assets and its Long Term Debt accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in XinJiang GuoTong Pipeline. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Total Current Assets vs Long Term Debt

Total Current Assets vs Long Term Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of XinJiang GuoTong Pipeline Total Current Assets account and Long Term Debt. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between XinJiang GuoTong's Total Current Assets and Long Term Debt is -0.49. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Long Term Debt in the same time period over historical financial statements of XinJiang GuoTong Pipeline, assuming nothing else is changed. The correlation between historical values of XinJiang GuoTong's Total Current Assets and Long 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 Total Current Assets of XinJiang GuoTong Pipeline are associated (or correlated) with its Long Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Long Term Debt has no effect on the direction of Total Current Assets i.e., XinJiang GuoTong's Total Current Assets and Long Term Debt go up and down completely randomly.

Correlation Coefficient

-0.49
Relationship DirectionNegative 
Relationship StrengthVery Weak

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.

Long Term Debt

Long-term debt is a debt that XinJiang GuoTong Pipeline has held for over one year. Long-term debt appears on XinJiang GuoTong Pipeline balance sheet and also includes long-term leases. The most common forms of long term debt are bonds payable, long-term notes payable, mortgage payable, pension liabilities, and lease liabilities. In the corporate world, long-term debt is generally used to fund big-ticket items, such as machinery, buildings, and land. The total of long-term debt reported on XinJiang GuoTong Pipeline balance sheet is the sum of the balances of all categories of long-term debt. Debt that is not due within the current year and is often considered to be financing activities that are to be repaid over several years.
Most indicators from XinJiang GuoTong's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into XinJiang GuoTong Pipeline 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 XinJiang GuoTong Pipeline. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
As of December 4, 2024, Selling General Administrative is expected to decline to about 74.6 M. In addition to that, Tax Provision is expected to decline to about 994.4 K
 2021 2022 2023 2024 (projected)
Gross Profit216.8M119.1M67.2M63.8M
Research Development19.7M17.0M20.3M16.5M

XinJiang GuoTong fundamental ratios Correlations

0.510.970.33-0.090.91-0.190.830.56-0.070.080.870.810.860.710.760.75-0.720.60.57-0.150.270.880.750.860.83
0.510.550.330.390.440.210.260.030.130.320.290.160.270.410.140.12-0.050.550.260.00.150.330.20.230.13
0.970.550.23-0.110.95-0.240.830.51-0.170.030.870.80.80.630.730.76-0.720.590.7-0.080.370.870.740.820.79
0.330.330.230.620.240.6-0.020.730.750.480.090.120.220.67-0.04-0.020.180.170.170.010.22-0.03-0.1-0.08-0.1
-0.090.39-0.110.62-0.10.41-0.540.260.550.53-0.47-0.44-0.270.25-0.62-0.560.68-0.06-0.020.350.01-0.45-0.47-0.52-0.57
0.910.440.950.24-0.1-0.170.740.58-0.070.050.810.80.790.60.660.71-0.70.450.740.110.360.790.730.750.75
-0.190.21-0.240.60.41-0.17-0.410.20.660.48-0.3-0.32-0.250.22-0.35-0.360.43-0.29-0.230.33-0.08-0.44-0.48-0.45-0.41
0.830.260.83-0.02-0.540.74-0.410.25-0.33-0.170.990.90.730.440.970.93-0.860.660.55-0.470.340.970.820.950.92
0.560.030.510.730.260.580.20.250.410.110.370.480.540.620.220.3-0.280.040.510.160.30.250.260.240.27
-0.070.13-0.170.750.55-0.070.66-0.330.410.39-0.22-0.19-0.070.41-0.26-0.310.35-0.17-0.250.07-0.14-0.33-0.31-0.34-0.34
0.080.320.030.480.530.050.48-0.170.110.39-0.14-0.27-0.190.22-0.22-0.130.44-0.03-0.050.280.16-0.15-0.39-0.17-0.1
0.870.290.870.09-0.470.81-0.30.990.37-0.22-0.140.920.760.530.960.93-0.860.630.59-0.390.340.960.810.940.91
0.810.160.80.12-0.440.8-0.320.90.48-0.19-0.270.920.850.40.880.82-0.910.50.62-0.30.180.90.920.860.81
0.860.270.80.22-0.270.79-0.250.730.54-0.07-0.190.760.850.50.730.62-0.830.480.37-0.160.020.790.90.810.77
0.710.410.630.670.250.60.220.440.620.410.220.530.40.50.420.46-0.230.450.28-0.20.340.470.250.440.44
0.760.140.73-0.04-0.620.66-0.350.970.22-0.26-0.220.960.880.730.420.9-0.880.570.38-0.490.180.940.810.950.93
0.750.120.76-0.02-0.560.71-0.360.930.3-0.31-0.130.930.820.620.460.9-0.80.490.57-0.340.430.880.690.860.88
-0.72-0.05-0.720.180.68-0.70.43-0.86-0.280.350.44-0.86-0.91-0.83-0.23-0.88-0.8-0.34-0.420.230.0-0.87-0.92-0.89-0.87
0.60.550.590.17-0.060.45-0.290.660.04-0.17-0.030.630.50.480.450.570.49-0.340.37-0.580.480.640.530.580.49
0.570.260.70.17-0.020.74-0.230.550.51-0.25-0.050.590.620.370.280.380.57-0.420.370.10.680.510.440.390.38
-0.150.0-0.080.010.350.110.33-0.470.160.070.28-0.39-0.3-0.16-0.2-0.49-0.340.23-0.580.1-0.13-0.39-0.26-0.36-0.27
0.270.150.370.220.010.36-0.080.340.3-0.140.160.340.180.020.340.180.430.00.480.68-0.130.2-0.010.130.19
0.880.330.87-0.03-0.450.79-0.440.970.25-0.33-0.150.960.90.790.470.940.88-0.870.640.51-0.390.20.860.980.93
0.750.20.74-0.1-0.470.73-0.480.820.26-0.31-0.390.810.920.90.250.810.69-0.920.530.44-0.26-0.010.860.860.78
0.860.230.82-0.08-0.520.75-0.450.950.24-0.34-0.170.940.860.810.440.950.86-0.890.580.39-0.360.130.980.860.98
0.830.130.79-0.1-0.570.75-0.410.920.27-0.34-0.10.910.810.770.440.930.88-0.870.490.38-0.270.190.930.780.98
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XinJiang GuoTong Account Relationship Matchups

XinJiang GuoTong fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets3.6B3.8B4.0B4.3B4.1B2.2B
Other Current Liab427.5M543.8M98.6M446.5M7.0M6.6M
Total Current Liabilities1.6B1.7B1.8B2.3B1.8B971.3M
Total Stockholder Equity850.4M864.5M874.9M770.5M626.0M730.6M
Retained Earnings212.1M226.2M232.9M128.4M(162.4M)(154.3M)
Accounts Payable482.3M679.7M876.9M1.2B854.2M442.0M
Cash288.8M240.6M78.2M301.6M142.1M267.7M
Other Assets1.9B2.1B2.2B2.2B2.5B2.7B
Net Receivables462.8M369.3M759.9M663.9M654.2M478.4M
Inventory152.8M158.7M138.2M124.1M105.4M150.1M
Other Current Assets65.9M44.8M25.5M22.0M9.1M8.7M
Total Liab2.5B2.8B3.0B3.3B3.3B3.5B
Intangible Assets122.0M206.0M304.1M299.9M253.6M266.3M
Property Plant Equipment592.6M562.9M496.1M459.5M528.4M419.9M
Long Term Debt891.9M985.4M1.0B942.4M1.3B1.4B
Other Liab92.8M81.9M88.3M126.7M145.8M153.0M
Net Tangible Assets728.4M658.5M570.9M470.5M423.5M570.3M
Deferred Long Term Liab34.4M68.2M37.9M24.6M28.3M38.9M
Short Long Term Debt112M95.4M324.0M406M122.0M239.6M
Total Current Assets977.2M947.0M1.0B1.3B1.1B876.4M
Non Current Assets Total2.6B2.9B3.0B3.0B3.0B2.6B
Non Current Liabilities Total980.1M1.1B1.2B1.1B1.5B935.8M
Non Current Liabilities Other68.2M68.0M75.5M75.0M126.1M70.3M
Net Debt710.4M840.2M1.3B1.0B1.3B924.1M
Net Invested Capital1.8B1.9B2.2B2.1B2.1B2.1B
Net Working Capital(584.5M)(716.2M)(786.0M)(974.5M)(707.7M)(743.1M)

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Other Information on Investing in XinJiang Stock

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