Shandong Net Debt vs Total Current Assets Analysis

002726 Stock

7.55 0.30 3.82%

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

Net Debt vs Total Current Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Shandong Longda Meat Net Debt account and Total Current Assets. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Shandong Longda's Net Debt and Total Current Assets is -0.43. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Total Current Assets in the same time period over historical financial statements of Shandong Longda Meat, assuming nothing else is changed. The correlation between historical values of Shandong Longda's Net Debt and Total Current Assets 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 Debt of Shandong Longda Meat are associated (or correlated) with its Total Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Assets has no effect on the direction of Net Debt i.e., Shandong Longda's Net Debt and Total Current Assets go up and down completely randomly.

Correlation Coefficient

-0.43

Relationship Direction	Negative
Relationship Strength	Very Weak

View All Relationships

Net Debt

The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.

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.

Most indicators from Shandong Longda's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Shandong Longda Meat 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 Longda Meat. 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 69.3 M, whereas Selling General Administrative is forecasted to decline to about 256.5 M.

Shandong Longda fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	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	Short Term Investments	Net Tangible Assets	Deferred Long Term Liab	Long Term Investments	Total Current Assets	Non Current Assets Total	Non Currrent Assets Other	Non Current Liabilities Total	Short Long Term Debt
Total Assets		0.62	0.93	0.85	0.66	0.34	0.94	0.94	0.88	0.74	0.92	0.86	0.56	0.91	0.7	0.94	0.78	-0.56	0.94	0.89	-0.78	0.93	0.88	0.95	0.74	0.95
Other Current Liab	0.62		0.52	0.73	-0.11	0.82	0.47	0.54	0.27	0.01	0.52	0.88	0.98	0.39	-0.04	0.49	0.07	-0.38	0.35	0.26	-0.46	0.78	0.18	0.38	0.01	0.52
Total Current Liabilities	0.93	0.52		0.72	0.75	0.11	0.97	0.83	0.94	0.83	0.82	0.83	0.5	0.99	0.8	0.87	0.87	-0.52	0.91	0.83	-0.78	0.92	0.86	0.93	0.83	0.98
Total Stockholder Equity	0.85	0.73	0.72		0.45	0.67	0.79	0.87	0.68	0.47	0.84	0.82	0.64	0.68	0.46	0.76	0.54	-0.48	0.69	0.63	-0.74	0.87	0.59	0.72	0.48	0.68
Other Liab	0.66	-0.11	0.75	0.45		-0.35	0.8	0.63	0.91	0.93	0.66	0.32	-0.17	0.83	0.95	0.69	0.96	-0.32	0.8	0.78	-0.61	0.49	0.87	0.81	0.94	0.71
Retained Earnings	0.34	0.82	0.11	0.67	-0.35		0.15	0.39	-0.06	-0.28	0.33	0.56	0.77	0.0	-0.31	0.21	-0.24	-0.21	0.06	0.04	-0.23	0.48	-0.09	0.08	-0.28	0.11
Accounts Payable	0.94	0.47	0.97	0.79	0.8	0.15		0.87	0.96	0.86	0.87	0.79	0.43	0.98	0.85	0.88	0.91	-0.52	0.93	0.87	-0.78	0.9	0.91	0.96	0.86	0.95
Cash	0.94	0.54	0.83	0.87	0.63	0.39	0.87		0.84	0.73	0.89	0.73	0.47	0.83	0.65	0.86	0.73	-0.57	0.92	0.9	-0.77	0.87	0.83	0.91	0.74	0.84
Other Assets	0.88	0.27	0.94	0.68	0.91	-0.06	0.96	0.84		0.95	0.83	0.64	0.22	0.98	0.92	0.85	0.97	-0.5	0.94	0.89	-0.77	0.79	0.93	0.96	0.95	0.91
Long Term Debt	0.74	0.01	0.83	0.47	0.93	-0.28	0.86	0.73	0.95		0.69	0.42	-0.02	0.91	0.94	0.69	0.98	-0.37	0.89	0.89	-0.59	0.63	0.92	0.9	1.0	0.81
Net Receivables	0.92	0.52	0.82	0.84	0.66	0.33	0.87	0.89	0.83	0.69		0.7	0.43	0.82	0.68	0.86	0.74	-0.51	0.84	0.81	-0.73	0.83	0.84	0.9	0.7	0.84
Inventory	0.86	0.88	0.83	0.82	0.32	0.56	0.79	0.73	0.64	0.42	0.7		0.86	0.74	0.38	0.75	0.48	-0.47	0.68	0.58	-0.66	0.94	0.55	0.7	0.42	0.82
Other Current Assets	0.56	0.98	0.5	0.64	-0.17	0.77	0.43	0.47	0.22	-0.02	0.43	0.86		0.37	-0.06	0.45	0.03	-0.35	0.31	0.22	-0.42	0.75	0.14	0.33	-0.02	0.5
Total Liab	0.91	0.39	0.99	0.68	0.83	0.0	0.98	0.83	0.98	0.91	0.82	0.74	0.37		0.87	0.85	0.93	-0.5	0.94	0.88	-0.75	0.87	0.91	0.96	0.91	0.96
Intangible Assets	0.7	-0.04	0.8	0.46	0.95	-0.31	0.85	0.65	0.92	0.94	0.68	0.38	-0.06	0.87		0.72	0.97	-0.4	0.83	0.8	-0.64	0.56	0.9	0.85	0.95	0.76
Common Stock	0.94	0.49	0.87	0.76	0.69	0.21	0.88	0.86	0.85	0.69	0.86	0.75	0.45	0.85	0.72		0.77	-0.59	0.91	0.82	-0.87	0.8	0.86	0.89	0.7	0.9
Property Plant Equipment	0.78	0.07	0.87	0.54	0.96	-0.24	0.91	0.73	0.97	0.98	0.74	0.48	0.03	0.93	0.97	0.77		-0.43	0.89	0.86	-0.68	0.66	0.94	0.91	0.98	0.84
Short Term Investments	-0.56	-0.38	-0.52	-0.48	-0.32	-0.21	-0.52	-0.57	-0.5	-0.37	-0.51	-0.47	-0.35	-0.5	-0.4	-0.59	-0.43		-0.56	-0.45	0.79	-0.51	-0.48	-0.51	-0.37	-0.53
Net Tangible Assets	0.94	0.35	0.91	0.69	0.8	0.06	0.93	0.92	0.94	0.89	0.84	0.68	0.31	0.94	0.83	0.91	0.89	-0.56		0.97	-0.76	0.82	0.96	0.98	0.89	0.94
Deferred Long Term Liab	0.89	0.26	0.83	0.63	0.78	0.04	0.87	0.9	0.89	0.89	0.81	0.58	0.22	0.88	0.8	0.82	0.86	-0.45	0.97		-0.61	0.75	0.95	0.96	0.89	0.87
Long Term Investments	-0.78	-0.46	-0.78	-0.74	-0.61	-0.23	-0.78	-0.77	-0.77	-0.59	-0.73	-0.66	-0.42	-0.75	-0.64	-0.87	-0.68	0.79	-0.76	-0.61		-0.72	-0.67	-0.72	-0.6	-0.74
Total Current Assets	0.93	0.78	0.92	0.87	0.49	0.48	0.9	0.87	0.79	0.63	0.83	0.94	0.75	0.87	0.56	0.8	0.66	-0.51	0.82	0.75	-0.72		0.71	0.85	0.63	0.89
Non Current Assets Total	0.88	0.18	0.86	0.59	0.87	-0.09	0.91	0.83	0.93	0.92	0.84	0.55	0.14	0.91	0.9	0.86	0.94	-0.48	0.96	0.95	-0.67	0.71		0.97	0.92	0.9
Non Currrent Assets Other	0.95	0.38	0.93	0.72	0.81	0.08	0.96	0.91	0.96	0.9	0.9	0.7	0.33	0.96	0.85	0.89	0.91	-0.51	0.98	0.96	-0.72	0.85	0.97		0.9	0.95
Non Current Liabilities Total	0.74	0.01	0.83	0.48	0.94	-0.28	0.86	0.74	0.95	1.0	0.7	0.42	-0.02	0.91	0.95	0.7	0.98	-0.37	0.89	0.89	-0.6	0.63	0.92	0.9		0.81
Short Long Term Debt	0.95	0.52	0.98	0.68	0.71	0.11	0.95	0.84	0.91	0.81	0.84	0.82	0.5	0.96	0.76	0.9	0.84	-0.53	0.94	0.87	-0.74	0.89	0.9	0.95	0.81

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Shandong Longda Account Relationship Matchups

Shandong Longda fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	8.6B	8.2B	8.0B	6.3B	7.3B	4.2B
Other Current Liab	927.4M	557.4M	340.0M	11.6M	13.3M	12.6M
Total Current Liabilities	4.0B	3.7B	3.3B	3.3B	3.8B	4.0B
Total Stockholder Equity	3.4B	3.2B	3.3B	1.5B	1.7B	2.0B
Other Liab	13.2M	18.6M	41.2M	48.7M	56.0M	58.8M
Retained Earnings	2.1B	1.2B	1.3B	(515.3M)	(592.6M)	(563.0M)
Accounts Payable	990.8M	1.0B	1.2B	842.5M	968.8M	1.0B
Cash	2.4B	2.2B	1.9B	1.4B	1.6B	956.6M
Other Assets	352.9M	538.5M	676.1M	623.8M	717.4M	753.2M
Long Term Debt	800.6M	1.0B	1.0B	1.2B	1.4B	1.5B
Net Receivables	489.5M	914.1M	621.5M	444.4M	511.1M	360.2M
Inventory	2.6B	1.6B	1.7B	991.8M	1.1B	1.1B
Other Current Assets	827.2M	371.2M	248.8M	218.8K	251.6K	239.0K
Total Liab	4.9B	4.8B	4.5B	4.7B	5.4B	5.6B
Intangible Assets	57.4M	107.7M	149.2M	134.6M	154.8M	162.5M
Common Stock	988.6M	995.9M	1.1B	1.1B	1.2B	626.9M
Property Plant Equipment	1.1B	1.6B	2.4B	2.7B	3.1B	3.3B
Net Tangible Assets	2.2B	3.3B	3.1B	3.1B	3.6B	2.6B
Deferred Long Term Liab	3.8M	12.3M	11.5M	11.8M	13.6M	7.1M
Total Current Assets	6.3B	5.0B	4.5B	3.0B	3.4B	3.7B
Non Current Assets Total	2.2B	3.2B	3.5B	3.4B	3.9B	2.3B
Non Currrent Assets Other	506.7M	584.0M	543.5M	507.4M	583.6M	414.1M
Non Current Liabilities Total	819.1M	1.1B	1.1B	1.3B	1.5B	1.6B
Short Long Term Debt	1.9B	1.9B	1.5B	1.9B	2.1B	1.4B
Common Stock Shares Outstanding	995.9M	1.1B	1.1B	1.1B	1.2B	1.1B
Net Invested Capital	6.1B	6.2B	5.9B	4.6B	5.2B	5.0B
Net Working Capital	2.3B	1.3B	1.1B	(385.5M)	(346.9M)	(329.6M)
Capital Stock	995.9M	1.1B	1.1B	1.1B	1.2B	1.1B
Property Plant And Equipment Net	1.4B	2.2B	2.5B	2.7B	3.1B	2.2B
Net Debt	341.2M	785.8M	677.2M	1.7B	1.9B	1.0B
Property Plant And Equipment Gross	2.0B	2.9B	3.3B	3.6B	4.1B	2.9B

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Other Information on Investing in Shandong Stock

Balance Sheet is a snapshot of the financial position of Shandong Longda Meat at a specified time, usually calculated after every quarter, six months, or one year. Shandong Longda Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Shandong Longda 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.

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Shandong Net Debt vs Total Current Assets Analysis

Net Debt vs Total Current Assets

Net Debt vs Total Current Assets Correlation Analysis

Correlation Coefficient

Net Debt

Total Current Assets

Shandong Longda fundamental ratios Correlations

Shandong Longda Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Shandong Longda fundamental ratios Accounts

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Other Information on Investing in Shandong Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Liabilities Total	+ 1.0	Long Term Debt
Total Liab	+ 0.99	Total Current Liabilities
Other Current Assets	+ 0.98	Other Current Liab
Short Long Term Debt	+ 0.98	Total Current Liabilities
Total Liab	+ 0.98	Accounts Payable
Total Liab	+ 0.98	Other Assets

Long Term Investments	- 0.87	Common Stock
Long Term Investments	- 0.78	Accounts Payable
Long Term Investments	- 0.78	Total Current Liabilities
Long Term Investments	- 0.78	Total Assets
Long Term Investments	- 0.77	Other Assets
Long Term Investments	- 0.77	Cash