Shandong Non Currrent Assets Other vs Long Term Debt Analysis

002595 Stock   43.87  0.03  0.07%   
Shandong Himile financial indicator trend analysis is much more than just breaking down Shandong Himile Mech prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Shandong Himile Mech is a good investment. Please check the relationship between Shandong Himile Non Currrent Assets Other and its Long Term Debt accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Shandong Himile Mechanical. 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.

Non Currrent Assets Other vs Long Term Debt

Non Currrent Assets Other vs Long Term Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Shandong Himile Mech Non Currrent Assets Other account and Long Term Debt. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Shandong Himile's Non Currrent Assets Other and Long Term Debt is -0.64. Overlapping area represents the amount of variation of Non Currrent Assets Other that can explain the historical movement of Long Term Debt in the same time period over historical financial statements of Shandong Himile Mechanical, assuming nothing else is changed. The correlation between historical values of Shandong Himile's Non Currrent Assets Other 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 Non Currrent Assets Other of Shandong Himile Mechanical 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 Non Currrent Assets Other i.e., Shandong Himile's Non Currrent Assets Other and Long Term Debt go up and down completely randomly.

Correlation Coefficient

-0.64
Relationship DirectionNegative 
Relationship StrengthWeak

Non Currrent Assets Other

Assets that are not physical or tangible, expected to provide value for more than one year, and not easily converted into cash, such as long-term investments or patents.

Long Term Debt

Long-term debt is a debt that Shandong Himile Mech has held for over one year. Long-term debt appears on Shandong Himile Mechanical 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 Shandong Himile Mechanical 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 Shandong Himile's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Shandong Himile Mech 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 Shandong Himile Mechanical. 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.
As of December 12, 2024, Selling General Administrative is expected to decline to about 107.3 M. In addition to that, Tax Provision is expected to decline to about 162.8 M
 2021 2022 2023 2024 (projected)
Operating Income1.2B1.3B1.8B1.9B
Total Revenue6.0B6.6B7.2B7.5B

Shandong Himile fundamental ratios Correlations

-0.370.730.990.990.850.430.070.70.80.980.730.770.790.70.830.98-0.630.840.890.890.810.910.92-0.790.89
-0.370.05-0.42-0.43-0.2-0.560.05-0.48-0.03-0.42-0.580.01-0.03-0.07-0.06-0.410.47-0.35-0.39-0.45-0.3-0.41-0.380.23-0.44
0.730.050.660.680.890.010.180.380.890.650.241.00.840.760.880.71-0.10.710.740.550.770.740.77-0.70.67
0.99-0.420.660.990.810.470.050.710.750.980.770.70.760.670.790.98-0.660.820.880.90.780.90.9-0.770.89
0.99-0.430.680.990.820.420.050.740.760.990.760.710.780.670.790.99-0.670.830.90.910.80.910.92-0.780.9
0.85-0.20.890.810.820.110.050.580.920.830.470.920.910.790.950.85-0.150.790.930.760.820.90.88-0.840.86
0.43-0.560.010.470.420.11-0.260.40.050.410.660.04-0.1-0.120.070.4-0.630.240.310.40.250.40.38-0.180.44
0.070.050.180.050.050.05-0.26-0.350.14-0.02-0.260.150.290.50.19-0.040.040.24-0.1-0.240.04-0.15-0.010.33-0.19
0.7-0.480.380.710.740.580.4-0.350.540.810.750.440.470.230.420.78-0.540.460.730.770.470.770.74-0.640.8
0.8-0.030.890.750.760.920.050.140.540.780.310.910.90.830.930.79-0.120.750.840.630.80.80.77-0.80.74
0.98-0.420.650.980.990.830.41-0.020.810.780.790.70.770.630.780.98-0.620.790.910.910.770.920.92-0.790.91
0.73-0.580.240.770.760.470.66-0.260.750.310.790.290.310.170.370.73-0.740.480.640.750.470.720.69-0.50.76
0.770.011.00.70.710.920.040.150.440.910.70.290.860.770.90.74-0.130.720.790.60.790.790.81-0.730.73
0.79-0.030.840.760.780.91-0.10.290.470.90.770.310.860.910.940.78-0.160.720.820.640.750.780.77-0.690.74
0.7-0.070.760.670.670.79-0.120.50.230.830.630.170.770.910.890.64-0.10.690.680.470.70.630.59-0.590.57
0.83-0.060.880.790.790.950.070.190.420.930.780.370.90.940.890.8-0.130.770.880.680.810.840.8-0.760.8
0.98-0.410.710.980.990.850.4-0.040.780.790.980.730.740.780.640.8-0.610.80.930.950.780.930.95-0.830.92
-0.630.47-0.1-0.66-0.67-0.15-0.630.04-0.54-0.12-0.62-0.74-0.13-0.16-0.1-0.13-0.61-0.45-0.35-0.58-0.37-0.44-0.470.3-0.47
0.84-0.350.710.820.830.790.240.240.460.750.790.480.720.720.690.770.8-0.450.770.680.830.740.76-0.710.69
0.89-0.390.740.880.90.930.31-0.10.730.840.910.640.790.820.680.880.93-0.350.770.890.820.980.93-0.840.97
0.89-0.450.550.90.910.760.4-0.240.770.630.910.750.60.640.470.680.95-0.580.680.890.660.890.9-0.810.89
0.81-0.30.770.780.80.820.250.040.470.80.770.470.790.750.70.810.78-0.370.830.820.660.820.75-0.80.76
0.91-0.410.740.90.910.90.4-0.150.770.80.920.720.790.780.630.840.93-0.440.740.980.890.820.93-0.830.99
0.92-0.380.770.90.920.880.38-0.010.740.770.920.690.810.770.590.80.95-0.470.760.930.90.750.93-0.740.91
-0.790.23-0.7-0.77-0.78-0.84-0.180.33-0.64-0.8-0.79-0.5-0.73-0.69-0.59-0.76-0.830.3-0.71-0.84-0.81-0.8-0.83-0.74-0.78
0.89-0.440.670.890.90.860.44-0.190.80.740.910.760.730.740.570.80.92-0.470.690.970.890.760.990.91-0.78
Click cells to compare fundamentals

Shandong Himile Account Relationship Matchups

Shandong Himile fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets6.8B7.0B7.6B8.6B9.9B10.4B
Other Current Liab191.3M104.2M104.6M4.9M10.9M10.3M
Total Current Liabilities1.7B1.1B1.0B1.1B1.1B689.6M
Total Stockholder Equity5.0B5.8B6.5B7.3B8.6B9.0B
Retained Earnings3.6B4.3B5.1B5.6B6.9B7.3B
Accounts Payable300.7M283.8M298.9M370.4M318.7M173.6M
Cash481.0M293.5M410.5M621.8M1.1B1.1B
Other Assets482.9M74.2M63.1M54.9M63.1M122.4M
Long Term Debt71.3K18.1M2.3M41.8M37.6M39.5M
Net Receivables2.5B1.6B2.8B2.1B2.1B1.3B
Inventory863.4M943.3M1.5B1.6B1.7B1.8B
Other Current Assets60.4M127.0M154.9M486.5M549.2M576.7M
Total Liab1.8B1.2B1.1B1.2B1.3B755.3M
Intangible Assets303.6M295.8M350.4M358.0M374.2M200.8M
Property Plant Equipment1.6B2.0B2.0B2.0B2.3B1.2B
Other Liab52.5M78.1M100.8M121.6M139.8M146.8M
Net Tangible Assets4.1B4.6B5.5B6.2B7.1B4.7B
Other Stockholder Equity6.9M50.3M161.8M143.5M165.0M173.2M
Total Current Assets4.1B4.2B4.8B5.6B6.9B4.2B
Non Current Assets Total2.7B2.8B2.9B3.0B3.0B2.9B
Non Currrent Assets Other53.4M41.4M26.9M40.2M80.4M120.9M
Non Current Liabilities Total96.2M103.0M127.3M157.2M217.9M112.2M
Non Current Liabilities Other32.4M41.8M49.4M62.3M76.1M41.8M
Net Invested Capital5.9B6.1B6.7B7.5B8.7B6.9B
Short Long Term Debt975.0M370.1M225.1M129.8M116.8M110.9M
Net Working Capital2.4B3.1B3.8B4.5B5.8B3.6B

Also Currently Popular

Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.

Other Information on Investing in Shandong Stock

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