Ningbo Total Current Assets vs Other Liab Analysis

002322 Stock   13.64  0.05  0.37%   
Ningbo Ligong financial indicator trend analysis is infinitely more than just investigating Ningbo Ligong Online recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Ningbo Ligong Online is a good investment. Please check the relationship between Ningbo Ligong Total Current Assets and its Other Liab accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Ningbo Ligong Online. 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 Other Liab

Total Current Assets vs Other Liab Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Ningbo Ligong Online Total Current Assets account and Other Liab. At this time, the significance of the direction appears to have weak relationship.
The correlation between Ningbo Ligong's Total Current Assets and Other Liab is 0.37. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Other Liab in the same time period over historical financial statements of Ningbo Ligong Online, assuming nothing else is changed. The correlation between historical values of Ningbo Ligong's Total Current Assets and Other Liab 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 Ningbo Ligong Online are associated (or correlated) with its Other Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Liab has no effect on the direction of Total Current Assets i.e., Ningbo Ligong's Total Current Assets and Other Liab go up and down completely randomly.

Correlation Coefficient

0.37
Relationship DirectionPositive 
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.

Other Liab

Most indicators from Ningbo Ligong's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Ningbo Ligong Online 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 Ningbo Ligong Online. 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 109.5 M, whereas Tax Provision is forecasted to decline to about 30 M.
 2021 2022 2023 2024 (projected)
Operating Income306.2M244.8M265.1M171.7M
Total Revenue1.1B972.8M1.1B610.4M

Ningbo Ligong fundamental ratios Correlations

0.590.870.990.930.80.340.540.880.930.620.870.640.930.84-0.440.940.950.23-0.830.8-0.530.390.60.68-0.07
0.590.660.560.430.420.210.040.490.68-0.030.660.550.520.39-0.450.50.61-0.16-0.20.12-0.40.510.270.230.39
0.870.660.810.820.880.020.60.820.880.551.00.490.720.78-0.490.840.850.04-0.750.65-0.510.60.540.810.0
0.990.560.810.920.750.390.510.870.910.610.810.650.940.83-0.420.930.940.26-0.820.81-0.510.340.590.63-0.08
0.930.430.820.920.880.260.70.830.790.680.830.480.870.93-0.30.810.830.42-0.850.79-0.450.440.670.76-0.11
0.80.420.880.750.88-0.020.750.750.680.560.880.260.660.9-0.410.720.740.31-0.80.71-0.470.570.560.76-0.09
0.340.210.020.390.26-0.020.060.280.140.250.020.420.510.280.120.190.210.370.060.00.32-0.2-0.1-0.04-0.21
0.540.040.60.510.70.750.060.570.380.760.61-0.080.430.79-0.050.50.490.46-0.670.55-0.180.160.590.84-0.47
0.880.490.820.870.830.750.280.570.840.570.820.50.840.83-0.190.80.790.05-0.760.73-0.50.440.50.7-0.03
0.930.680.880.910.790.680.140.380.840.470.880.690.840.68-0.430.920.93-0.07-0.760.72-0.620.430.590.630.07
0.62-0.030.550.610.680.560.250.760.570.470.550.230.530.62-0.230.690.630.52-0.770.73-0.05-0.150.570.81-0.71
0.870.661.00.810.830.880.020.610.820.880.550.50.730.78-0.480.840.860.05-0.760.66-0.510.60.550.810.0
0.640.550.490.650.480.260.42-0.080.50.690.230.50.740.28-0.330.630.64-0.22-0.390.42-0.440.160.210.210.08
0.930.520.720.940.870.660.510.430.840.840.530.730.740.76-0.310.830.840.19-0.70.69-0.450.320.480.54-0.04
0.840.390.780.830.930.90.280.790.830.680.620.780.280.76-0.130.690.710.43-0.760.68-0.380.470.630.76-0.1
-0.44-0.45-0.49-0.42-0.3-0.410.12-0.05-0.19-0.43-0.23-0.48-0.33-0.31-0.13-0.6-0.63-0.110.43-0.450.37-0.09-0.22-0.230.1
0.940.50.840.930.810.720.190.50.80.920.690.840.630.830.69-0.60.990.15-0.880.88-0.550.20.60.69-0.25
0.950.610.850.940.830.740.210.490.790.930.630.860.640.840.71-0.630.990.17-0.850.83-0.580.240.640.66-0.17
0.23-0.160.040.260.420.310.370.460.05-0.070.520.05-0.220.190.43-0.110.150.17-0.260.240.4-0.20.320.24-0.48
-0.83-0.2-0.75-0.82-0.85-0.80.06-0.67-0.76-0.76-0.77-0.76-0.39-0.7-0.760.43-0.88-0.85-0.26-0.970.61-0.2-0.75-0.790.31
0.80.120.650.810.790.710.00.550.730.720.730.660.420.690.68-0.450.880.830.24-0.97-0.590.110.640.67-0.33
-0.53-0.4-0.51-0.51-0.45-0.470.32-0.18-0.5-0.62-0.05-0.51-0.44-0.45-0.380.37-0.55-0.580.40.61-0.59-0.38-0.5-0.34-0.34
0.390.510.60.340.440.57-0.20.160.440.43-0.150.60.160.320.47-0.090.20.24-0.2-0.20.11-0.380.070.320.69
0.60.270.540.590.670.56-0.10.590.50.590.570.550.210.480.63-0.220.60.640.32-0.750.64-0.50.070.7-0.19
0.680.230.810.630.760.76-0.040.840.70.630.810.810.210.540.76-0.230.690.660.24-0.790.67-0.340.320.7-0.31
-0.070.390.0-0.08-0.11-0.09-0.21-0.47-0.030.07-0.710.00.08-0.04-0.10.1-0.25-0.17-0.480.31-0.33-0.340.69-0.19-0.31
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Ningbo Ligong Account Relationship Matchups

Ningbo Ligong fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets3.7B3.7B3.3B3.5B3.7B2.4B
Other Current Liab239.1M142.0M157.2M197.7M6.5M6.2M
Total Current Liabilities754.1M593.6M409.9M408.1M385.4M289.4M
Total Stockholder Equity3.0B3.1B2.9B3.1B3.3B2.1B
Retained Earnings1.0B1.1B940.4M1.1B1.1B623.6M
Accounts Payable225.2M197.0M159.4M138.1M166.3M84.9M
Cash428.6M396.0M475.7M590.8M912.2M555.4M
Other Assets122.0M135.2M114.9M121.0M139.1M146.1M
Net Receivables599.8M357.5M368.9M433.4M438.5M321.7M
Inventory250.1M231.7M196.3M186.3M139.7M137.1M
Other Current Assets29.8M29.4M19.8M40.1M61.8M64.9M
Total Liab760.7M598.8M426.0M419.1M390.9M294.8M
Intangible Assets47.3M44.8M42.4M33.3M28.6M34.5M
Property Plant Equipment477.2M428.8M439.1M423.7M487.2M266.3M
Other Liab10.7M8.5M6.5M5.2M6.0M6.8M
Good Will1.6B1.5B1.3B1.3B1.5B1.5B
Net Tangible Assets1.3B1.5B1.5B1.7B2.0B1.6B
Total Current Assets1.4B1.4B1.2B1.4B1.6B1.5B
Non Current Assets Total2.4B2.3B2.1B2.1B2.1B1.7B
Non Currrent Assets Other12.7M10.0M2.4M14.8M972.9K924.3K
Non Current Liabilities Total6.5M5.2M16.1M11.1M5.6M8.9M
Short Long Term Debt125M290M221.4M170.2M195.8M189.0M
Net Invested Capital3.2B3.3B2.9B3.1B3.3B2.5B
Net Working Capital617.2M771.8M816.6M954.8M1.3B970.0M

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Other Information on Investing in Ningbo Stock

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