Ningbo Non Current Assets Total vs Short Term Investments Analysis

300998 Stock   16.59  0.10  0.61%   
Ningbo Fangzheng financial indicator trend analysis is infinitely more than just investigating Ningbo Fangzheng Aut recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Ningbo Fangzheng Aut is a good investment. Please check the relationship between Ningbo Fangzheng Non Current Assets Total and its Short Term Investments accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Ningbo Fangzheng Automobile. 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.

Non Current Assets Total vs Short Term Investments

Non Current Assets Total vs Short Term Investments Correlation Analysis

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

Correlation Coefficient

0.61
Relationship DirectionPositive 
Relationship StrengthSignificant

Non Current Assets Total

The total value of a company's long-term assets, which are not expected to be converted into cash or used up within one year or the operating cycle, including property, plant, and equipment, and intangible assets.

Short Term Investments

Short Term Investments is an item under the current assets section of Ningbo Fangzheng balance sheet. It contains any investments Ningbo Fangzheng Automobile undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that Ningbo Fangzheng Aut can easily liquidate in the marketplace.
Most indicators from Ningbo Fangzheng's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Ningbo Fangzheng Aut 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 Fangzheng Automobile. 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 Tax Provision is expected to grow to about (1.4 M). In addition to that, Selling General Administrative is expected to decline to about 48.6 M
 2021 2022 2023 2024 (projected)
Interest Expense7.2M10.8M14.7M13.6M
Interest Income525.1K615.5K3.3M3.4M

Ningbo Fangzheng fundamental ratios Correlations

-0.640.920.990.720.560.660.880.930.880.920.980.940.780.950.380.850.951.00.821.00.940.950.890.960.92
-0.64-0.66-0.63-0.52-0.98-0.96-0.64-0.35-0.65-0.52-0.76-0.77-0.85-0.68-0.87-0.89-0.68-0.61-0.4-0.67-0.77-0.55-0.66-0.57-0.45
0.92-0.660.880.520.630.770.890.890.890.890.930.840.750.930.50.920.990.90.870.910.840.920.90.960.95
0.99-0.630.880.740.550.630.870.910.870.880.970.940.780.920.360.820.910.990.771.00.940.940.880.930.89
0.72-0.520.520.740.510.510.590.590.60.780.760.850.80.790.460.530.640.760.640.730.850.480.590.70.52
0.56-0.980.630.550.510.970.630.290.640.490.70.740.860.650.940.840.650.540.380.60.740.460.650.540.41
0.66-0.960.770.630.510.970.720.440.730.620.780.780.880.750.920.920.770.640.550.680.780.570.740.670.56
0.88-0.640.890.870.590.630.720.851.00.770.860.890.850.830.550.780.880.870.690.880.890.871.00.890.91
0.93-0.350.890.910.590.290.440.850.850.90.860.80.610.870.160.680.90.930.870.910.80.920.850.950.98
0.88-0.650.890.870.60.640.731.00.850.770.870.90.860.840.570.790.880.870.690.880.90.871.00.890.91
0.92-0.520.890.880.780.490.620.770.90.770.930.870.740.980.390.780.940.930.970.910.870.80.770.970.87
0.98-0.760.930.970.760.70.780.860.860.870.930.970.860.980.540.920.970.980.830.980.970.890.870.950.87
0.94-0.770.840.940.850.740.780.890.80.90.870.970.940.940.620.850.90.940.740.951.00.820.90.90.81
0.78-0.850.750.780.80.860.880.850.610.860.740.860.940.840.830.810.80.780.620.80.940.630.860.770.66
0.95-0.680.930.920.790.650.750.830.870.840.980.980.940.840.530.880.970.950.920.950.940.840.840.970.87
0.38-0.870.50.360.460.940.920.550.160.570.390.540.620.830.530.690.520.370.320.410.620.250.570.420.29
0.85-0.890.920.820.530.840.920.780.680.790.780.920.850.810.880.690.920.830.720.860.850.810.80.840.76
0.95-0.680.990.910.640.650.770.880.90.880.940.970.90.80.970.520.920.940.90.950.90.90.890.980.93
1.0-0.610.90.990.760.540.640.870.930.870.930.980.940.780.950.370.830.940.831.00.940.930.870.960.91
0.82-0.40.870.770.640.380.550.690.870.690.970.830.740.620.920.320.720.90.830.80.740.730.70.930.86
1.0-0.670.911.00.730.60.680.880.910.880.910.980.950.80.950.410.860.951.00.80.950.940.880.950.9
0.94-0.770.840.940.850.740.780.890.80.90.870.971.00.940.940.620.850.90.940.740.950.820.90.90.81
0.95-0.550.920.940.480.460.570.870.920.870.80.890.820.630.840.250.810.90.930.730.940.820.880.90.94
0.89-0.660.90.880.590.650.741.00.851.00.770.870.90.860.840.570.80.890.870.70.880.90.880.890.91
0.96-0.570.960.930.70.540.670.890.950.890.970.950.90.770.970.420.840.980.960.930.950.90.90.890.96
0.92-0.450.950.890.520.410.560.910.980.910.870.870.810.660.870.290.760.930.910.860.90.810.940.910.96
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Ningbo Fangzheng Account Relationship Matchups

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Other Information on Investing in Ningbo Stock

Balance Sheet is a snapshot of the financial position of Ningbo Fangzheng Aut at a specified time, usually calculated after every quarter, six months, or one year. Ningbo Fangzheng Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Ningbo Fangzheng 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.