Kailong Net Receivables vs Other Current Liab Analysis

300912 Stock   10.74  0.14  1.29%   
Kailong High financial indicator trend analysis is infinitely more than just investigating Kailong High Technology recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Kailong High Technology is a good investment. Please check the relationship between Kailong High Net Receivables and its Other Current Liab accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Kailong High 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 board of governors.

Net Receivables vs Other Current Liab

Net Receivables vs Other Current Liab Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Kailong High Technology Net Receivables account and Other Current Liab. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Kailong High's Net Receivables and Other Current Liab is 0.88. Overlapping area represents the amount of variation of Net Receivables that can explain the historical movement of Other Current Liab in the same time period over historical financial statements of Kailong High Technology, assuming nothing else is changed. The correlation between historical values of Kailong High's Net Receivables and Other Current Liab 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 Receivables of Kailong High Technology are associated (or correlated) with its Other Current Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Liab has no effect on the direction of Net Receivables i.e., Kailong High's Net Receivables and Other Current Liab go up and down completely randomly.

Correlation Coefficient

0.88
Relationship DirectionPositive 
Relationship StrengthStrong

Net Receivables

Other Current Liab

Most indicators from Kailong High's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Kailong High 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 Kailong High 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 board of governors.
As of January 9, 2025, Tax Provision is expected to decline to about (1.8 M). In addition to that, Selling General Administrative is expected to decline to about 55 M
 2022 2023 2024 2025 (projected)
Interest Expense10.0M12.2M11.0M17.3M
Interest Income693.1K500.3K450.3K645.4K

Kailong High fundamental ratios Correlations

-0.630.680.72-0.56-0.510.650.790.76-0.58-0.64-0.580.94-0.850.540.730.630.980.440.220.94-0.54-0.01-0.630.720.39
-0.63-0.88-0.14-0.130.96-0.58-0.12-0.970.930.880.93-0.840.91-0.65-0.96-0.84-0.6-0.90.55-0.840.580.740.71-0.99-0.33
0.68-0.880.060.06-0.820.840.180.84-0.87-0.6-0.830.82-0.820.420.810.990.570.87-0.410.82-0.25-0.61-0.760.880.65
0.72-0.140.06-0.840.020.10.910.340.0-0.34-0.060.56-0.450.330.36-0.020.79-0.110.680.56-0.450.520.040.23-0.2
-0.56-0.130.06-0.84-0.33-0.27-0.77-0.06-0.280.0-0.29-0.290.13-0.260.010.1-0.560.44-0.79-0.290.14-0.67-0.120.060.03
-0.510.96-0.820.02-0.33-0.46-0.02-0.880.980.830.98-0.760.87-0.51-0.9-0.79-0.49-0.930.66-0.760.550.820.78-0.94-0.39
0.65-0.580.840.1-0.27-0.460.220.6-0.54-0.31-0.450.63-0.560.410.470.870.490.48-0.140.63-0.03-0.32-0.630.60.73
0.79-0.120.180.91-0.77-0.020.220.28-0.11-0.2-0.150.6-0.490.090.320.120.83-0.020.730.6-0.250.55-0.130.220.13
0.76-0.970.840.34-0.06-0.880.60.28-0.85-0.92-0.860.92-0.950.750.980.790.740.81-0.40.92-0.7-0.59-0.690.990.24
-0.580.93-0.870.0-0.280.98-0.54-0.11-0.850.760.99-0.790.89-0.42-0.88-0.84-0.54-0.930.57-0.790.460.760.83-0.92-0.54
-0.640.88-0.6-0.340.00.83-0.31-0.2-0.920.760.79-0.810.87-0.83-0.91-0.54-0.68-0.680.45-0.810.90.580.64-0.910.01
-0.580.93-0.83-0.06-0.290.98-0.45-0.15-0.860.990.79-0.80.9-0.41-0.9-0.79-0.57-0.930.54-0.80.510.720.79-0.92-0.45
0.94-0.840.820.56-0.29-0.760.630.60.92-0.79-0.81-0.8-0.980.60.920.760.930.71-0.081.0-0.62-0.3-0.70.910.36
-0.850.91-0.82-0.450.130.87-0.56-0.49-0.950.890.870.9-0.98-0.59-0.96-0.76-0.85-0.790.23-0.980.650.450.74-0.95-0.36
0.54-0.650.420.33-0.26-0.510.410.090.75-0.42-0.83-0.410.6-0.590.640.390.530.32-0.340.6-0.84-0.42-0.470.69-0.11
0.73-0.960.810.360.01-0.90.470.320.98-0.88-0.91-0.90.92-0.960.640.740.740.85-0.380.92-0.68-0.57-0.630.970.19
0.63-0.840.99-0.020.1-0.790.870.120.79-0.84-0.54-0.790.76-0.760.390.740.510.85-0.430.76-0.18-0.61-0.760.840.69
0.98-0.60.570.79-0.56-0.490.490.830.74-0.54-0.68-0.570.93-0.850.530.740.510.410.260.93-0.620.04-0.560.690.25
0.44-0.90.87-0.110.44-0.930.48-0.020.81-0.93-0.68-0.930.71-0.790.320.850.850.41-0.630.71-0.34-0.77-0.670.880.4
0.220.55-0.410.68-0.790.66-0.140.73-0.40.570.450.54-0.080.23-0.34-0.38-0.430.26-0.63-0.080.250.960.46-0.48-0.13
0.94-0.840.820.56-0.29-0.760.630.60.92-0.79-0.81-0.81.0-0.980.60.920.760.930.71-0.08-0.62-0.3-0.70.910.36
-0.540.58-0.25-0.450.140.55-0.03-0.25-0.70.460.90.51-0.620.65-0.84-0.68-0.18-0.62-0.340.25-0.620.320.47-0.650.27
-0.010.74-0.610.52-0.670.82-0.320.55-0.590.760.580.72-0.30.45-0.42-0.57-0.610.04-0.770.96-0.30.320.59-0.67-0.28
-0.630.71-0.760.04-0.120.78-0.63-0.13-0.690.830.640.79-0.70.74-0.47-0.63-0.76-0.56-0.670.46-0.70.470.59-0.75-0.7
0.72-0.990.880.230.06-0.940.60.220.99-0.92-0.91-0.920.91-0.950.690.970.840.690.88-0.480.91-0.65-0.67-0.750.33
0.39-0.330.65-0.20.03-0.390.730.130.24-0.540.01-0.450.36-0.36-0.110.190.690.250.4-0.130.360.27-0.28-0.70.33
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Kailong High Account Relationship Matchups

Kailong High fundamental ratios Accounts

202020212022202320242025 (projected)
Total Assets1.9B1.8B1.6B1.7B2.0B1.9B
Other Current Liab2.5M1.6M1.1M947.2K852.4K1.3M
Total Current Liabilities643.2M700.0M710.0M843.5M970.0M781.6M
Total Stockholder Equity1.2B1.1B791.7M812.3M731.1M728.0M
Retained Earnings347.9M201.2M(73.0M)(63.7M)(57.3M)(54.4M)
Accounts Payable393.8M449.4M339.7M463.0M532.4M450.1M
Cash493.2M197.9M72.4M171.8M154.6M157.9M
Non Current Assets Total548.8M851.8M874.8M853.0M980.9M801.1M
Non Currrent Assets Other21.9M19.5M5.6M1.7M1.6M1.5M
Net Receivables447.4M269.0M212.7M345.3M310.8M276.3M
Non Current Liabilities Total63.5M61.0M50.9M48.6M43.7M48.8M
Inventory179.3M316.1M245.9M212.2M244.1M253.9M
Other Current Assets8.7M18.1M30.2M25.4M29.2M18.7M
Total Liab706.7M761.1M760.9M892.1M1.0B848.7M
Net Invested Capital1.4B1.3B1.1B1.1B1.3B1.3B
Short Long Term Debt191.7M199.5M329.5M315.8M363.2M276.4M
Total Current Assets1.4B975.1M677.7M850.9M765.8M764.5M
Non Current Liabilities Other10.4M6.6M6.1M11.3M10.2M7.3M
Net Working Capital735.3M275.0M(32.3M)7.4M6.6M6.3M
Intangible Assets57.8M56.3M54.9M54.3M48.8M44.8M

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Other Information on Investing in Kailong Stock

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