Tianjin Net Debt vs Total Current Liabilities Analysis

300375 Stock

4.85 0.03 0.62%

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

Net Debt vs Total Current Liabilities Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Tianjin Pengling Rubber Net Debt account and Total Current Liabilities. At this time, the significance of the direction appears to have strong contrarian relationship.

The correlation between Tianjin Pengling's Net Debt and Total Current Liabilities is -0.69. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of Tianjin Pengling Rubber, assuming nothing else is changed. The correlation between historical values of Tianjin Pengling's Net Debt and Total Current Liabilities 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 Tianjin Pengling Rubber are associated (or correlated) with its Total Current Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Liabilities has no effect on the direction of Net Debt i.e., Tianjin Pengling's Net Debt and Total Current Liabilities go up and down completely randomly.

Correlation Coefficient

-0.69

Relationship Direction	Negative
Relationship Strength	Weak

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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 Liabilities

Total Current Liabilities is an item on Tianjin Pengling balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Tianjin Pengling Rubber are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.

Most indicators from Tianjin Pengling's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Tianjin Pengling Rubber 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 Tianjin Pengling Rubber. 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 28, 2024, Selling General Administrative is expected to decline to about 117.3 M. The current year's Tax Provision is expected to grow to about (3.6 M)

	2021	2022	2023	2024 (projected)
Operating Income	107.8M	96.6M	76.9M	126.2M
Total Revenue	1.7B	1.7B	2.0B	1.4B

Operating Income Total Revenue

Tianjin Pengling fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Retained Earnings	Accounts Payable	Cash	Other Assets	Net Receivables	Inventory	Other Current Assets	Total Liab	Intangible Assets	Common Stock	Property Plant Equipment	Treasury Stock	Net Tangible Assets	Total Current Assets	Non Current Assets Total	Non Currrent Assets Other	Non Current Liabilities Total	Common Stock Shares Outstanding	Short Term Investments	Net Invested Capital	Net Working Capital
Total Assets		-0.03	0.77	0.98	0.76	0.93	0.71	0.5	0.55	0.88	0.96	-0.23	0.83	0.84	0.86	0.98	0.87	0.74	0.89	0.89	0.61	0.5	0.69	0.63	0.83	-0.63
Other Current Liab	-0.03		-0.04	-0.13	0.04	0.03	-0.35	0.0	0.5	0.23	-0.19	0.78	-0.06	0.19	-0.34	0.08	-0.02	-0.6	-0.22	-0.07	-0.35	-0.27	-0.49	-0.59	-0.23	-0.44
Total Current Liabilities	0.77	-0.04		0.67	0.42	0.6	0.93	0.29	0.36	0.76	0.78	-0.31	0.99	0.52	0.82	0.71	0.62	0.57	0.88	0.82	0.69	0.28	0.69	0.8	0.83	-0.6
Total Stockholder Equity	0.98	-0.13	0.67		0.82	0.96	0.66	0.54	0.54	0.82	0.93	-0.29	0.75	0.87	0.85	0.97	0.9	0.8	0.83	0.84	0.55	0.54	0.7	0.61	0.78	-0.54
Other Liab	0.76	0.04	0.42	0.82		0.86	0.44	0.62	0.65	0.66	0.62	-0.18	0.51	0.93	0.6	0.8	0.76	0.54	0.54	0.5	0.36	0.34	0.46	0.4	0.47	-0.32
Retained Earnings	0.93	0.03	0.6	0.96	0.86		0.56	0.54	0.66	0.82	0.84	-0.18	0.68	0.93	0.77	0.96	0.94	0.71	0.71	0.76	0.44	0.45	0.58	0.46	0.65	-0.6
Accounts Payable	0.71	-0.35	0.93	0.66	0.44	0.56		0.28	0.16	0.61	0.78	-0.58	0.93	0.45	0.88	0.64	0.57	0.71	0.87	0.74	0.75	0.35	0.81	0.94	0.81	-0.38
Cash	0.5	0.0	0.29	0.54	0.62	0.54	0.28		0.63	0.55	0.38	-0.05	0.32	0.59	0.22	0.51	0.55	0.56	0.53	0.13	0.15	-0.01	0.2	0.18	0.26	0.09
Other Assets	0.55	0.5	0.36	0.54	0.65	0.66	0.16	0.63		0.64	0.33	0.29	0.4	0.7	0.23	0.64	0.68	0.18	0.34	0.34	0.01	0.05	0.04	-0.01	0.28	-0.46
Net Receivables	0.88	0.23	0.76	0.82	0.66	0.82	0.61	0.55	0.64		0.81	-0.06	0.78	0.75	0.68	0.88	0.76	0.56	0.81	0.75	0.55	0.26	0.56	0.42	0.71	-0.6
Inventory	0.96	-0.19	0.78	0.93	0.62	0.84	0.78	0.38	0.33	0.81		-0.39	0.83	0.69	0.88	0.91	0.79	0.8	0.92	0.88	0.7	0.48	0.74	0.71	0.83	-0.58
Other Current Assets	-0.23	0.78	-0.31	-0.29	-0.18	-0.18	-0.58	-0.05	0.29	-0.06	-0.39		-0.31	-0.02	-0.52	-0.16	-0.18	-0.64	-0.4	-0.22	-0.6	-0.13	-0.55	-0.69	-0.28	-0.13
Total Liab	0.83	-0.06	0.99	0.75	0.51	0.68	0.93	0.32	0.4	0.78	0.83	-0.31		0.6	0.88	0.78	0.68	0.61	0.89	0.87	0.65	0.41	0.76	0.81	0.89	-0.61
Intangible Assets	0.84	0.19	0.52	0.87	0.93	0.93	0.45	0.59	0.7	0.75	0.69	-0.02	0.6		0.64	0.88	0.84	0.53	0.59	0.65	0.34	0.36	0.44	0.36	0.54	-0.56
Common Stock	0.86	-0.34	0.82	0.85	0.6	0.77	0.88	0.22	0.23	0.68	0.88	-0.52	0.88	0.64		0.81	0.74	0.77	0.83	0.91	0.64	0.65	0.92	0.86	0.89	-0.52
Property Plant Equipment	0.98	0.08	0.71	0.97	0.8	0.96	0.64	0.51	0.64	0.88	0.91	-0.16	0.78	0.88	0.81		0.9	0.69	0.82	0.85	0.49	0.5	0.63	0.52	0.76	-0.65
Treasury Stock	0.87	-0.02	0.62	0.9	0.76	0.94	0.57	0.55	0.68	0.76	0.79	-0.18	0.68	0.84	0.74	0.9		0.73	0.72	0.71	0.43	0.38	0.54	0.48	0.61	-0.58
Net Tangible Assets	0.74	-0.6	0.57	0.8	0.54	0.71	0.71	0.56	0.18	0.56	0.8	-0.64	0.61	0.53	0.77	0.69	0.73		0.81	0.59	0.63	0.38	0.73	0.73	0.64	-0.15
Total Current Assets	0.89	-0.22	0.88	0.83	0.54	0.71	0.87	0.53	0.34	0.81	0.92	-0.4	0.89	0.59	0.83	0.82	0.72	0.81		0.79	0.72	0.36	0.74	0.78	0.85	-0.43
Non Current Assets Total	0.89	-0.07	0.82	0.84	0.5	0.76	0.74	0.13	0.34	0.75	0.88	-0.22	0.87	0.65	0.91	0.85	0.71	0.59	0.79		0.54	0.66	0.79	0.68	0.93	-0.73
Non Currrent Assets Other	0.61	-0.35	0.69	0.55	0.36	0.44	0.75	0.15	0.01	0.55	0.7	-0.6	0.65	0.34	0.64	0.49	0.43	0.63	0.72	0.54		-0.06	0.49	0.75	0.53	-0.36
Non Current Liabilities Total	0.5	-0.27	0.28	0.54	0.34	0.45	0.35	-0.01	0.05	0.26	0.48	-0.13	0.41	0.36	0.65	0.5	0.38	0.38	0.36	0.66	-0.06		0.74	0.43	0.7	-0.18
Common Stock Shares Outstanding	0.69	-0.49	0.69	0.7	0.46	0.58	0.81	0.2	0.04	0.56	0.74	-0.55	0.76	0.44	0.92	0.63	0.54	0.73	0.74	0.79	0.49	0.74		0.83	0.87	-0.23
Short Term Investments	0.63	-0.59	0.8	0.61	0.4	0.46	0.94	0.18	-0.01	0.42	0.71	-0.69	0.81	0.36	0.86	0.52	0.48	0.73	0.78	0.68	0.75	0.43	0.83		0.79	-0.21
Net Invested Capital	0.83	-0.23	0.83	0.78	0.47	0.65	0.81	0.26	0.28	0.71	0.83	-0.28	0.89	0.54	0.89	0.76	0.61	0.64	0.85	0.93	0.53	0.7	0.87	0.79		-0.46
Net Working Capital	-0.63	-0.44	-0.6	-0.54	-0.32	-0.6	-0.38	0.09	-0.46	-0.6	-0.58	-0.13	-0.61	-0.56	-0.52	-0.65	-0.58	-0.15	-0.43	-0.73	-0.36	-0.18	-0.23	-0.21	-0.46

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Tianjin Pengling Account Relationship Matchups

Tianjin Pengling fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	3.0B	2.5B	2.5B	2.7B	3.3B	2.0B
Other Current Liab	17.3M	34.9M	26.8M	1.5M	2.0M	1.9M
Total Current Liabilities	507.6M	448.0M	557.7M	684.8M	996.8M	1.0B
Total Stockholder Equity	2.2B	1.8B	1.9B	1.9B	2.2B	1.4B
Other Liab	70.7M	84.5M	91.6M	85.0M	97.7M	68.8M
Retained Earnings	983.7M	915.0M	977.4M	871.8M	861.5M	716.7M
Accounts Payable	276.7M	348.7M	360.5M	478.1M	694.2M	728.9M
Cash	258.3M	202.0M	156.5M	105.6M	527.5M	264.9M
Other Assets	78.7M	45.2M	29.6M	25.7M	29.5M	34.8M
Net Receivables	499.7M	331.3M	586.7M	293.4M	668.6M	373.4M
Inventory	397.6M	373.4M	387.5M	425.9M	504.8M	305.3M
Other Current Assets	35.6M	23.9M	12.2M	10.5M	8.8M	8.4M
Total Liab	742.1M	639.7M	650.1M	790.8M	1.1B	1.2B
Intangible Assets	127.9M	124.3M	119.0M	114.4M	109.6M	90.2M
Common Stock	201.7M	359.7M	748.7M	711.1M	817.8M	858.7M
Property Plant Equipment	696.6M	705.6M	672.0M	624.4M	718.1M	504.0M
Net Tangible Assets	1.0B	1.3B	1.3B	1.4B	1.6B	1.4B
Total Current Assets	1.3B	1.2B	1.2B	1.4B	2.0B	1.4B
Non Current Assets Total	1.7B	1.2B	1.3B	1.3B	1.3B	1.3B
Non Currrent Assets Other	29.1M	10.9M	136.2M	165.6M	168.4M	88.3M
Non Current Liabilities Total	234.5M	191.7M	92.4M	106.0M	122.8M	134.1M
Common Stock Shares Outstanding	611.5M	748.7M	711.1M	664.8M	755.4M	758.1M
Short Term Investments	5.0M	132.4M	101.4M	261.5M	300.7M	315.8M
Net Invested Capital	2.5B	1.9B	1.9B	2.0B	2.4B	2.3B
Net Working Capital	816.1M	781.2M	686.7M	691.3M	1.0B	858.4M
Good Will	777.1M	413.6M	395.5M	360.3M	332.1M	363.3M

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Other Information on Investing in Tianjin Stock

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

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Tianjin Net Debt vs Total Current Liabilities Analysis

Net Debt vs Total Current Liabilities

Net Debt vs Total Current Liabilities Correlation Analysis

Correlation Coefficient

Net Debt

Total Current Liabilities

Tianjin Pengling fundamental ratios Correlations

Tianjin Pengling Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Tianjin Pengling fundamental ratios Accounts

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Other Information on Investing in Tianjin Stock

COMMON DESTINATIONS

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COMPANY

Total Liab	+ 0.99	Total Current Liabilities
Total Stockholder Equity	+ 0.98	Total Assets
Property Plant Equipment	+ 0.98	Total Assets
Property Plant Equipment	+ 0.97	Total Stockholder Equity
Inventory	+ 0.96	Total Assets
Retained Earnings	+ 0.96	Total Stockholder Equity

Net Working Capital	- 0.73	Non Current Assets Total
Short Term Investments	- 0.69	Other Current Assets
Net Working Capital	- 0.65	Property Plant Equipment
Net Tangible Assets	- 0.64	Other Current Assets
Net Working Capital	- 0.63	Total Assets
Net Working Capital	- 0.61	Total Liab