Ningbo Long Term Debt vs Total Current Assets Analysis

300839 Stock   8.11  0.20  2.41%   
Ningbo Bohui financial indicator trend analysis is infinitely more than just investigating Ningbo Bohui Chemical recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Ningbo Bohui Chemical is a good investment. Please check the relationship between Ningbo Bohui Long Term Debt and its Total Current Assets accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Ningbo Bohui Chemical. 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 Debt vs Total Current Assets

Long Term Debt vs Total Current Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Ningbo Bohui Chemical Long Term Debt account and Total Current Assets. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Ningbo Bohui's Long Term Debt and Total Current Assets is 0.82. Overlapping area represents the amount of variation of Long Term Debt that can explain the historical movement of Total Current Assets in the same time period over historical financial statements of Ningbo Bohui Chemical, assuming nothing else is changed. The correlation between historical values of Ningbo Bohui's Long Term 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 Long Term Debt of Ningbo Bohui Chemical 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 Long Term Debt i.e., Ningbo Bohui's Long Term Debt and Total Current Assets go up and down completely randomly.

Correlation Coefficient

0.82
Relationship DirectionPositive 
Relationship StrengthStrong

Long Term Debt

Long-term debt is a debt that Ningbo Bohui Chemical has held for over one year. Long-term debt appears on Ningbo Bohui Chemical 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 Ningbo Bohui Chemical 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.

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 Ningbo Bohui's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Ningbo Bohui Chemical 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 Ningbo Bohui Chemical. 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 27.8 M, whereas Tax Provision is forecasted to decline to about 8.7 M.
 2021 2022 2023 2024 (projected)
Gross Profit153.2M342.2M244.5M205.5M
Total Revenue1.5B3.0B2.8B1.4B

Ningbo Bohui fundamental ratios Correlations

0.370.980.960.970.840.870.580.98-0.56-0.36-0.760.970.770.990.820.960.960.720.910.980.870.990.10.910.84
0.370.340.470.290.590.16-0.320.38-0.29-0.34-0.160.350.670.30.310.420.340.360.230.340.070.380.020.530.09
0.980.340.910.970.750.840.640.94-0.54-0.33-0.760.970.730.990.830.970.970.640.950.960.920.960.070.850.81
0.960.470.910.940.90.760.450.95-0.52-0.32-0.80.910.840.90.860.940.90.750.810.930.750.980.120.930.7
0.970.290.970.940.740.810.590.93-0.53-0.32-0.820.960.690.960.90.960.960.660.940.950.910.960.140.820.77
0.840.590.750.90.740.70.250.87-0.42-0.3-0.510.80.830.780.560.780.760.820.60.810.510.870.10.940.67
0.870.160.840.760.810.70.540.91-0.66-0.52-0.470.790.610.90.550.730.760.720.720.930.720.84-0.190.760.91
0.58-0.320.640.450.590.250.540.5-0.47-0.23-0.620.630.180.640.470.570.650.320.690.520.80.570.190.420.66
0.980.380.940.950.930.870.910.5-0.59-0.4-0.70.90.810.950.780.910.880.780.810.990.770.97-0.080.90.81
-0.56-0.29-0.54-0.52-0.53-0.42-0.66-0.47-0.590.950.45-0.5-0.51-0.57-0.46-0.45-0.49-0.48-0.46-0.61-0.48-0.550.12-0.56-0.65
-0.36-0.34-0.33-0.32-0.32-0.3-0.52-0.23-0.40.950.21-0.3-0.39-0.38-0.24-0.24-0.29-0.35-0.25-0.43-0.25-0.350.12-0.42-0.53
-0.76-0.16-0.76-0.8-0.82-0.51-0.47-0.62-0.70.450.21-0.73-0.67-0.7-0.94-0.83-0.77-0.31-0.77-0.71-0.75-0.78-0.25-0.69-0.48
0.970.350.970.910.960.80.790.630.9-0.5-0.3-0.730.680.970.780.971.00.670.960.910.920.970.280.870.84
0.770.670.730.840.690.830.610.180.81-0.51-0.39-0.670.680.70.690.780.680.480.550.770.440.8-0.030.910.52
0.990.30.990.90.960.780.90.640.95-0.57-0.38-0.70.970.70.760.940.960.680.930.970.910.970.080.860.89
0.820.310.830.860.90.560.550.470.78-0.46-0.24-0.940.780.690.760.870.810.430.820.80.780.820.140.690.48
0.960.420.970.940.960.780.730.570.91-0.45-0.24-0.830.970.780.940.870.970.580.940.910.880.970.210.880.72
0.960.340.970.90.960.760.760.650.88-0.49-0.29-0.771.00.680.960.810.970.610.970.90.930.960.320.860.82
0.720.360.640.750.660.820.720.320.78-0.48-0.35-0.310.670.480.680.430.580.610.510.730.490.72-0.160.670.6
0.910.230.950.810.940.60.720.690.81-0.46-0.25-0.770.960.550.930.820.940.970.510.850.980.890.280.720.76
0.980.340.960.930.950.810.930.520.99-0.61-0.43-0.710.910.770.970.80.910.90.730.850.820.96-0.070.870.83
0.870.070.920.750.910.510.720.80.77-0.48-0.25-0.750.920.440.910.780.880.930.490.980.820.840.230.650.77
0.990.380.960.980.960.870.840.570.97-0.55-0.35-0.780.970.80.970.820.970.960.720.890.960.840.150.940.82
0.10.020.070.120.140.1-0.190.19-0.080.120.12-0.250.28-0.030.080.140.210.32-0.160.28-0.070.230.150.170.17
0.910.530.850.930.820.940.760.420.9-0.56-0.42-0.690.870.910.860.690.880.860.670.720.870.650.940.170.77
0.840.090.810.70.770.670.910.660.81-0.65-0.53-0.480.840.520.890.480.720.820.60.760.830.770.820.170.77
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Ningbo Bohui Account Relationship Matchups

Ningbo Bohui fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets1.1B1.5B1.7B2.3B2.1B1.4B
Other Current Liab27.5M22.4M48.8M48.6M6.0M5.7M
Total Current Liabilities346.6M393.1M694.9M806.8M901.1M468.7M
Total Stockholder Equity425.9M834.5M866.3M1.0B728.9M656.4M
Net Tangible Assets340.6M747.4M769.2M919.2M1.1B549.0M
Retained Earnings271.4M298.0M317.6M458.6M172.3M271.0M
Accounts Payable133.3M92.0M69.1M94.1M140.9M79.4M
Cash53.3M49.6M93.2M232.5M556.9M584.8M
Non Current Assets Total762.6M913.1M1.0B1.1B1.0B725.1M
Non Currrent Assets Other390K261.8K18.1M11.4M395.9K376.1K
Other Assets2.1M10.3M31.4M19.2M17.3M18.8M
Net Receivables121.6M463.4K616.8K1.1M1.0M953.2K
Non Current Liabilities Total333.6M243.8M162.6M461.8M481.2M243.9M
Inventory101.0M154.1M213.4M392.6M344.7M186.3M
Other Current Assets67.6M79.2M109.0M110.8M35.6M62.5M
Total Liab680.2M636.9M857.5M1.3B1.4B712.6M
Deferred Long Term Liab729.4K5.0M5.2M4.4M5.1M3.2M
Short Long Term Debt108M264.8M470.3M600.0M489.5M284.4M
Total Current Assets343.5M558.3M711.3M1.2B1.1B644.0M
Intangible Assets85.3M87.2M84.9M82.7M79.7M85.1M
Property Plant Equipment665.6M805.7M871.5M944.5M1.1B547.5M
Net Invested Capital867.5M1.3B1.4B2.0B1.6B1.3B
Net Working Capital(3.1M)165.3M16.4M404.2M182.2M178.1M
Net Debt388.3M439.9M473.5M761.1M338.0M463.9M
Long Term Debt333.6M224.7M96.4M393.6M405.4M283.2M

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Other Information on Investing in Ningbo Stock

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