Bank Net Borrowings vs Capital Expenditures Analysis

002948 Stock   3.84  0.05  1.32%   
Bank of Qingdao financial indicator trend analysis is way more than just evaluating Bank of Qingdao prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Bank of Qingdao is a good investment. Please check the relationship between Bank of Qingdao Net Borrowings and its Capital Expenditures accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Bank of Qingdao. 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 Borrowings vs Capital Expenditures

Net Borrowings vs Capital Expenditures Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Bank of Qingdao Net Borrowings account and Capital Expenditures. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Bank of Qingdao's Net Borrowings and Capital Expenditures is 0.42. Overlapping area represents the amount of variation of Net Borrowings that can explain the historical movement of Capital Expenditures in the same time period over historical financial statements of Bank of Qingdao, assuming nothing else is changed. The correlation between historical values of Bank of Qingdao's Net Borrowings and Capital Expenditures 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 Borrowings of Bank of Qingdao are associated (or correlated) with its Capital Expenditures. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capital Expenditures has no effect on the direction of Net Borrowings i.e., Bank of Qingdao's Net Borrowings and Capital Expenditures go up and down completely randomly.

Correlation Coefficient

0.42
Relationship DirectionPositive 
Relationship StrengthWeak

Net Borrowings

The difference between the amount of new debt a company has taken on and the amount of debt it has paid off during a given period.

Capital Expenditures

Capital Expenditures are funds used by Bank of Qingdao to acquire physical assets such as property, industrial buildings or equipment. This type of outlay is used by management to increase the scope of Bank of Qingdao operations. These expenditures can include everything from repairing an office equipment, building a brand new facility, or writing new software.
Most indicators from Bank of Qingdao's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Bank of Qingdao 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 Bank of Qingdao. 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 271.5 M, whereas Selling General Administrative is forecasted to decline to about 1.1 B.
 2023 2024 (projected)
Gross Profit6.9B5.4B
Total Revenue11.0B9.1B

Bank of Qingdao fundamental ratios Correlations

0.940.990.970.420.890.670.220.910.190.91-0.420.910.680.381.00.430.990.90.790.90.740.840.950.32-0.04
0.940.950.880.330.810.650.320.860.320.9-0.30.890.550.230.940.190.940.80.690.80.720.760.870.37-0.13
0.990.950.960.330.820.70.290.950.310.9-0.360.920.580.260.990.430.970.910.720.910.670.760.950.32-0.07
0.970.880.960.430.870.670.20.890.170.9-0.430.860.680.390.970.520.980.930.790.930.680.820.990.360.04
0.420.330.330.430.590.11-0.410.11-0.60.45-0.690.140.820.770.420.210.450.130.780.130.740.650.34-0.15-0.26
0.890.810.820.870.590.430.030.63-0.190.78-0.420.780.820.630.890.290.890.710.860.710.90.990.80.210.06
0.670.650.70.670.110.430.710.730.380.66-0.060.610.310.040.670.340.660.670.430.670.260.320.690.27-0.12
0.220.320.290.2-0.410.030.710.340.60.140.650.3-0.33-0.50.220.010.210.33-0.220.33-0.09-0.10.270.15-0.05
0.910.860.950.890.110.630.730.340.490.85-0.310.90.410.090.910.480.880.940.560.940.410.560.930.410.0
0.190.320.310.17-0.6-0.190.380.60.490.20.410.3-0.55-0.760.190.050.180.38-0.380.38-0.28-0.290.30.340.01
0.910.90.90.90.450.780.660.140.850.2-0.550.860.680.460.910.180.90.770.80.770.670.750.880.590.11
-0.42-0.3-0.36-0.43-0.69-0.42-0.060.65-0.310.41-0.55-0.27-0.8-0.73-0.42-0.23-0.42-0.22-0.78-0.22-0.45-0.49-0.34-0.130.1
0.910.890.920.860.140.780.610.30.90.30.86-0.270.510.270.920.230.860.870.620.870.550.730.860.510.15
0.680.550.580.680.820.820.31-0.330.41-0.550.68-0.80.510.890.680.280.690.440.980.440.780.850.570.1-0.06
0.380.230.260.390.770.630.04-0.50.09-0.760.46-0.730.270.890.370.020.360.120.810.120.640.710.260.160.22
1.00.940.990.970.420.890.670.220.910.190.91-0.420.920.680.370.420.980.890.790.890.740.840.950.31-0.05
0.430.190.430.520.210.290.340.010.480.050.18-0.230.230.280.020.420.470.620.30.620.070.240.54-0.31-0.26
0.990.940.970.980.450.890.660.210.880.180.9-0.420.860.690.360.980.470.90.80.90.740.840.960.29-0.08
0.90.80.910.930.130.710.670.330.940.380.77-0.220.870.440.120.890.620.90.551.00.420.640.960.370.07
0.790.690.720.790.780.860.43-0.220.56-0.380.8-0.780.620.980.810.790.30.80.550.550.810.880.690.17-0.08
0.90.80.910.930.130.710.670.330.940.380.77-0.220.870.440.120.890.620.91.00.550.420.640.960.370.07
0.740.720.670.680.740.90.26-0.090.41-0.280.67-0.450.550.780.640.740.070.740.420.810.420.910.590.05-0.11
0.840.760.760.820.650.990.32-0.10.56-0.290.75-0.490.730.850.710.840.240.840.640.880.640.910.740.220.08
0.950.870.950.990.340.80.690.270.930.30.88-0.340.860.570.260.950.540.960.960.690.960.590.740.40.06
0.320.370.320.36-0.150.210.270.150.410.340.59-0.130.510.10.160.31-0.310.290.370.170.370.050.220.40.72
-0.04-0.13-0.070.04-0.260.06-0.12-0.050.00.010.110.10.15-0.060.22-0.05-0.26-0.080.07-0.080.07-0.110.080.060.72
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Bank of Qingdao Account Relationship Matchups

Bank of Qingdao fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets373.6B459.8B522.2B529.6B608.0B437.9B
Other Current Liab415.7M818.3M767.3M703.9M809.5M468.7M
Total Current Liabilities316.9B404.0B471.3B412.1B473.9B351.0B
Total Stockholder Equity29.9B30.3B32.6B35.8B39.1B31.1B
Other Liab1.2B3.6B2.3B5.6B6.4B6.7B
Net Tangible Assets21.9B22.2B24.5B35.8B41.2B24.0B
Retained Earnings8.6B9.6B11.2B12.8B5.0B9.1B
Accounts Payable229.1B289.2B319.9B354.5B9.6B9.1B
Cash44.3B49.8B60.5B38.7B47.1B42.0B
Other Assets179.2B216.1B253.8B22.0B25.3B24.0B
Other Current Assets21.5B24.5B20.8B262.5B301.9B317.0B
Other Stockholder Equity9.0B32.7M746.5M17.2B19.7B20.7B
Total Liab343.1B428.9B488.9B493.0B568.0B406.2B
Deferred Long Term Liab619.2M196.2M259.3M352.2M405.1M389.9M
Long Term Investments142.4B178.5B190.1B202.2B226.2B168.3B
Total Current Assets71.9B99.7B131.0B348.4B400.7B420.7B
Intangible Assets194.2M252.5M296.6M353.1M420.1M278.3M
Property Plant Equipment3.9B4.1B4.2B4.3B4.9B3.4B
Inventory10.5M111.3M50.1M29.4M33.9M42.1M
Net Debt72.1B22.9B31.6B36.2B42.2B31.2B
Net Invested Capital46.7B44.9B51.8B46.1B128.3B68.8B

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Other Information on Investing in Bank Stock

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