Ningxia Short Long Term Debt vs Net Invested Capital Analysis

300967 Stock   13.59  0.57  4.03%   
Ningxia Xiaoming financial indicator trend analysis is infinitely more than just investigating Ningxia Xiaoming Agr recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Ningxia Xiaoming Agr is a good investment. Please check the relationship between Ningxia Xiaoming Short Long Term Debt and its Net Invested Capital accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Ningxia Xiaoming Agriculture. 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.

Short Long Term Debt vs Net Invested Capital

Short Long Term Debt vs Net Invested Capital Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Ningxia Xiaoming Agr Short Long Term Debt account and Net Invested Capital. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Ningxia Xiaoming's Short Long Term Debt and Net Invested Capital is -0.61. Overlapping area represents the amount of variation of Short Long Term Debt that can explain the historical movement of Net Invested Capital in the same time period over historical financial statements of Ningxia Xiaoming Agriculture, assuming nothing else is changed. The correlation between historical values of Ningxia Xiaoming's Short Long Term Debt and Net Invested Capital is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Short Long Term Debt of Ningxia Xiaoming Agriculture are associated (or correlated) with its Net Invested Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Invested Capital has no effect on the direction of Short Long Term Debt i.e., Ningxia Xiaoming's Short Long Term Debt and Net Invested Capital go up and down completely randomly.

Correlation Coefficient

-0.61
Relationship DirectionNegative 
Relationship StrengthWeak

Short Long Term Debt

The total of a company's short-term and long-term borrowings.

Net Invested Capital

The total amount of capital invested in a company, including both equity and debt, minus any cash or cash equivalents.
Most indicators from Ningxia Xiaoming's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Ningxia Xiaoming Agr 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 Ningxia Xiaoming Agriculture. 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.
Tax Provision is expected to grow at the current pace this year, whereas Selling General Administrative is forecasted to decline to about 37.7 M.
 2021 2022 2023 2024 (projected)
Interest Expense7.4M10.0M31.6M33.2M
Interest Income1.8M2.6M2.6M2.8M

Ningxia Xiaoming fundamental ratios Correlations

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-0.07-0.24-0.070.310.010.41-0.150.11-0.31-0.460.13-0.320.53-0.25-0.050.40.12-0.350.490.08-0.27-0.210.19-0.280.47
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Ningxia Xiaoming Account Relationship Matchups

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Other Information on Investing in Ningxia Stock

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