Hubei Long Term Investments vs Total Current Liabilities Analysis

300387 Stock   9.36  0.05  0.54%   
Hubei Forbon financial indicator trend analysis is much more than just examining Hubei Forbon Technology latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Hubei Forbon Technology is a good investment. Please check the relationship between Hubei Forbon Long Term Investments and its Total Current Liabilities accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Hubei Forbon Technology. 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.

Long Term Investments vs Total Current Liabilities

Long Term Investments vs Total Current Liabilities Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Hubei Forbon Technology Long Term Investments account and Total Current Liabilities. At this time, the significance of the direction appears to have weak relationship.
The correlation between Hubei Forbon's Long Term Investments and Total Current Liabilities is 0.32. Overlapping area represents the amount of variation of Long Term Investments that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of Hubei Forbon Technology, assuming nothing else is changed. The correlation between historical values of Hubei Forbon's Long Term Investments 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 Long Term Investments of Hubei Forbon Technology 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 Long Term Investments i.e., Hubei Forbon's Long Term Investments and Total Current Liabilities go up and down completely randomly.

Correlation Coefficient

0.32
Relationship DirectionPositive 
Relationship StrengthVery Weak

Long Term Investments

Long Term Investments is an item on the asset side of Hubei Forbon balance sheet that represents investments Hubei Forbon Technology intends to hold for over a year. Hubei Forbon Technology long term investments may include different instruments such as stocks, bonds, real estate and cash.

Total Current Liabilities

Total Current Liabilities is an item on Hubei Forbon balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Hubei Forbon Technology 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 Hubei Forbon's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Hubei Forbon Technology 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 Hubei Forbon Technology. 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 69.6 M, whereas Tax Provision is forecasted to decline to about 12.7 M.
 2021 2022 2023 2024 (projected)
Operating Income72.5M85.6M109.9M82.7M
Total Revenue683.0M847.5M1.0B588.4M

Hubei Forbon fundamental ratios Correlations

0.350.710.98-0.930.980.870.840.880.870.720.930.580.910.770.950.940.880.78-0.310.810.730.890.850.20.65
0.350.790.23-0.150.240.10.440.220.460.60.090.090.590.210.150.15-0.080.010.25-0.15-0.20.16-0.150.13-0.24
0.710.790.61-0.60.630.540.580.510.790.770.530.410.840.610.530.560.370.510.030.320.160.610.350.00.14
0.980.230.61-0.940.990.90.80.880.860.670.950.670.810.730.970.950.920.81-0.30.860.760.910.870.250.65
-0.93-0.15-0.6-0.94-0.95-0.85-0.72-0.78-0.81-0.74-0.93-0.6-0.76-0.7-0.89-0.93-0.87-0.830.39-0.85-0.7-0.9-0.88-0.06-0.67
0.980.240.630.99-0.950.880.790.860.840.710.970.580.840.710.940.980.910.79-0.370.830.740.910.880.180.68
0.870.10.540.9-0.850.880.540.740.690.490.90.790.680.750.910.860.880.84-0.250.840.680.840.860.070.52
0.840.440.580.8-0.720.790.540.730.710.680.710.250.820.610.730.680.670.43-0.270.590.680.560.60.220.62
0.880.220.510.88-0.780.860.740.730.730.550.80.60.750.580.920.850.870.63-0.440.830.780.790.770.60.63
0.870.460.790.86-0.810.840.690.710.730.730.740.570.80.750.780.80.650.750.00.580.420.840.620.250.38
0.720.60.770.67-0.740.710.490.680.550.730.640.270.730.540.520.650.410.42-0.350.360.210.60.420.040.28
0.930.090.530.95-0.930.970.90.710.80.740.640.560.760.720.920.960.930.76-0.470.830.760.870.920.060.69
0.580.090.410.67-0.60.580.790.250.60.570.270.560.320.440.720.560.620.690.10.690.420.670.520.340.1
0.910.590.840.81-0.760.840.680.820.750.80.730.760.320.720.770.790.680.61-0.270.580.560.720.680.090.58
0.770.210.610.73-0.70.710.750.610.580.750.540.720.440.720.690.650.630.71-0.180.560.450.650.69-0.060.47
0.950.150.530.97-0.890.940.910.730.920.780.520.920.720.770.690.930.960.79-0.320.910.820.880.890.340.65
0.940.150.560.95-0.930.980.860.680.850.80.650.960.560.790.650.930.910.79-0.420.820.730.910.90.190.69
0.88-0.080.370.92-0.870.910.880.670.870.650.410.930.620.680.630.960.910.77-0.460.950.910.840.950.240.77
0.780.010.510.81-0.830.790.840.430.630.750.420.760.690.610.710.790.790.77-0.080.810.570.910.850.010.6
-0.310.250.03-0.30.39-0.37-0.25-0.27-0.440.0-0.35-0.470.1-0.27-0.18-0.32-0.42-0.46-0.08-0.43-0.49-0.23-0.5-0.08-0.61
0.81-0.150.320.86-0.850.830.840.590.830.580.360.830.690.580.560.910.820.950.81-0.430.90.830.920.270.77
0.73-0.20.160.76-0.70.740.680.680.780.420.210.760.420.560.450.820.730.910.57-0.490.90.610.860.260.86
0.890.160.610.91-0.90.910.840.560.790.840.60.870.670.720.650.880.910.840.91-0.230.830.610.840.210.59
0.85-0.150.350.87-0.880.880.860.60.770.620.420.920.520.680.690.890.90.950.85-0.50.920.860.840.050.86
0.20.130.00.25-0.060.180.070.220.60.250.040.060.340.09-0.060.340.190.240.01-0.080.270.260.210.050.04
0.65-0.240.140.65-0.670.680.520.620.630.380.280.690.10.580.470.650.690.770.6-0.610.770.860.590.860.04
Click cells to compare fundamentals

Hubei Forbon Account Relationship Matchups

Hubei Forbon fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets1.5B1.7B1.7B1.7B1.9B1.3B
Other Current Liab115.1M113.5M102.1M111.7M6.6M6.3M
Total Current Liabilities322.1M231.1M236.2M290.0M298.0M270.1M
Total Stockholder Equity1.2B1.2B1.2B1.2B1.3B904.1M
Other Liab2.4M2.8M2.5M2.6M2.4M2.5M
Retained Earnings503.4M558.0M582.9M622.3M636.3M419.0M
Accounts Payable56.5M47.7M42.8M62.0M67.4M48.6M
Cash235.0M367.7M321.8M271.4M285.2M227.7M
Other Assets27.5M38.4M59.7M36.0M41.4M24.4M
Net Receivables226.9M168.2M269.5M238.3M204.2M221.5M
Inventory119.9M112.8M129.4M161.6M165.8M100.1M
Other Current Assets106.5M33.8M21.0M55.5M51.7M39.9M
Total Liab324.5M496.6M483.2M443.3M567.8M363.6M
Intangible Assets52.0M49.6M47.0M44.4M84.7M49.6M
Common Stock289.1M291.8M290.7M289.8M332.4M186.1M
Property Plant Equipment203.3M217.1M255.9M240.8M276.9M165.1M
Net Tangible Assets656.3M703.6M724.1M773.5M889.5M578.0M
Good Will470.2M477.3M419.3M431.1M489.6M486.6M
Other Stockholder Equity8.0M14.4M(50.8M)(31.5M)(28.3M)(26.9M)
Total Current Assets694.0M827.2M778.1M788.1M836.9M772.0M
Non Current Assets Total820.6M908.9M904.2M917.1M1.1B926.3M
Non Currrent Assets Other12.5M22.2M39.9M9.6M3.3M3.1M
Non Current Liabilities Total2.4M265.6M247.0M153.2M269.9M283.4M
Short Long Term Debt139.6M59.6M59.6M56.1M31.2M29.6M
Common Stock Shares Outstanding289.1M291.8M290.7M289.8M332.4M312.2M
Net Invested Capital1.3B1.6B1.5B1.5B1.6B1.5B
Net Working Capital371.9M596.2M541.9M498.0M538.9M469.5M
Deferred Long Term Liab1.2M1.7M1.4M3.9M4.4M4.7M

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Other Information on Investing in Hubei Stock

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