Ningbo Accounts Payable vs Non Currrent Assets Other Analysis

301193 Stock

17.70 0.80 4.73%

Ningbo Homelink financial indicator trend analysis is infinitely more than just investigating Ningbo Homelink Eco recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Ningbo Homelink Eco is a good investment. Please check the relationship between Ningbo Homelink Accounts Payable and its Non Currrent Assets Other accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Ningbo Homelink Eco iTech. 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.

Accounts Payable vs Non Currrent Assets Other

Accounts Payable vs Non Currrent Assets Other Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Ningbo Homelink Eco Accounts Payable account and Non Currrent Assets Other. At this time, the significance of the direction appears to have very strong relationship.

The correlation between Ningbo Homelink's Accounts Payable and Non Currrent Assets Other is 0.86. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Non Currrent Assets Other in the same time period over historical financial statements of Ningbo Homelink Eco iTech, assuming nothing else is changed. The correlation between historical values of Ningbo Homelink's Accounts Payable and Non Currrent Assets Other is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Accounts Payable of Ningbo Homelink Eco iTech are associated (or correlated) with its Non Currrent Assets Other. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Currrent Assets Other has no effect on the direction of Accounts Payable i.e., Ningbo Homelink's Accounts Payable and Non Currrent Assets Other go up and down completely randomly.

Correlation Coefficient

0.86

Relationship Direction	Positive
Relationship Strength	Strong

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Accounts Payable

An accounting item on the balance sheet that represents Ningbo Homelink obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Ningbo Homelink Eco are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.

Non Currrent Assets Other

Assets that are not physical or tangible, expected to provide value for more than one year, and not easily converted into cash, such as long-term investments or patents.

Most indicators from Ningbo Homelink's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Ningbo Homelink Eco 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 Homelink Eco iTech. 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.

As of December 1, 2024, Tax Provision is expected to decline to about 3.3 M. In addition to that, Selling General Administrative is expected to decline to about 109.9 M

	2021	2022	2023	2024 (projected)
Interest Expense	12.7M	15.0M	16.8M	25.3M
Interest Income	1.4M	6.3M	12.0M	12.6M

Interest Expense Interest Income

Ningbo Homelink fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Long Term Debt	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Total Liab	Net Invested Capital	Short Long Term Debt	Total Current Assets	Capital Stock	Net Working Capital	Intangible Assets	Property Plant And Equipment Net	Property Plant And Equipment Gross	Capital Lease Obligations
Total Assets		0.73	0.97	0.96	-0.82	0.96	0.94	0.94	0.97	0.89	0.76	0.98	0.94	0.78	0.95	0.82	0.96	0.99	-0.56	0.97	0.96	0.86	0.88	0.95	0.96	0.76
Other Current Liab	0.73		0.7	0.61	-0.64	0.61	0.65	0.59	0.76	0.93	1.0	0.77	0.62	0.99	0.69	0.98	0.8	0.73	-0.77	0.65	0.83	0.55	0.59	0.84	0.83	1.0
Total Current Liabilities	0.97	0.7		0.92	-0.84	0.97	0.99	0.87	0.97	0.89	0.73	0.98	0.91	0.76	0.9	0.8	0.94	0.93	-0.58	0.92	0.89	0.75	0.93	0.93	0.95	0.73
Total Stockholder Equity	0.96	0.61	0.92		-0.85	0.97	0.88	0.99	0.87	0.82	0.65	0.89	0.97	0.68	0.96	0.74	0.85	0.97	-0.35	1.0	0.89	0.94	0.79	0.84	0.86	0.65
Net Debt	-0.82	-0.64	-0.84	-0.85		-0.9	-0.79	-0.84	-0.73	-0.8	-0.66	-0.8	-0.94	-0.69	-0.94	-0.78	-0.74	-0.82	0.2	-0.87	-0.75	-0.79	-0.59	-0.71	-0.73	-0.67
Retained Earnings	0.96	0.61	0.97	0.97	-0.9		0.95	0.94	0.9	0.84	0.65	0.93	0.97	0.68	0.96	0.75	0.86	0.94	-0.37	0.96	0.85	0.85	0.85	0.85	0.87	0.65
Accounts Payable	0.94	0.65	0.99	0.88	-0.79	0.95		0.83	0.95	0.86	0.68	0.97	0.86	0.71	0.85	0.75	0.91	0.9	-0.59	0.88	0.84	0.69	0.96	0.91	0.92	0.68
Cash	0.94	0.59	0.87	0.99	-0.84	0.94	0.83		0.83	0.79	0.63	0.85	0.97	0.66	0.96	0.72	0.81	0.96	-0.29	0.99	0.88	0.98	0.72	0.8	0.82	0.62
Non Current Assets Total	0.97	0.76	0.97	0.87	-0.73	0.9	0.95	0.83		0.89	0.79	0.99	0.84	0.81	0.86	0.83	0.99	0.94	-0.72	0.88	0.95	0.72	0.93	0.99	0.99	0.78
Non Currrent Assets Other	0.89	0.93	0.89	0.82	-0.8	0.84	0.86	0.79	0.89		0.95	0.91	0.81	0.96	0.84	0.97	0.89	0.87	-0.7	0.84	0.89	0.7	0.81	0.92	0.92	0.94
Long Term Debt	0.76	1.0	0.73	0.65	-0.66	0.65	0.68	0.63	0.79	0.95		0.8	0.65	1.0	0.71	0.98	0.82	0.76	-0.77	0.69	0.85	0.58	0.63	0.86	0.85	1.0
Net Receivables	0.98	0.77	0.98	0.89	-0.8	0.93	0.97	0.85	0.99	0.91	0.8		0.88	0.82	0.89	0.85	0.98	0.95	-0.67	0.9	0.94	0.74	0.91	0.98	0.99	0.8
Common Stock Shares Outstanding	0.94	0.62	0.91	0.97	-0.94	0.97	0.86	0.97	0.84	0.81	0.65	0.88		0.68	0.99	0.76	0.83	0.95	-0.27	0.98	0.86	0.92	0.72	0.81	0.83	0.65
Non Current Liabilities Total	0.78	0.99	0.76	0.68	-0.69	0.68	0.71	0.66	0.81	0.96	1.0	0.82	0.68		0.74	0.99	0.84	0.78	-0.76	0.71	0.86	0.6	0.66	0.87	0.86	1.0
Inventory	0.95	0.69	0.9	0.96	-0.94	0.96	0.85	0.96	0.86	0.84	0.71	0.89	0.99	0.74		0.81	0.86	0.96	-0.33	0.98	0.9	0.93	0.7	0.84	0.86	0.72
Other Current Assets	0.82	0.98	0.8	0.74	-0.78	0.75	0.75	0.72	0.83	0.97	0.98	0.85	0.76	0.99	0.81		0.85	0.82	-0.69	0.77	0.88	0.66	0.67	0.88	0.88	0.99
Total Liab	0.96	0.8	0.94	0.85	-0.74	0.86	0.91	0.81	0.99	0.89	0.82	0.98	0.83	0.84	0.86	0.85		0.94	-0.73	0.87	0.97	0.72	0.87	1.0	0.99	0.82
Net Invested Capital	0.99	0.73	0.93	0.97	-0.82	0.94	0.9	0.96	0.94	0.87	0.76	0.95	0.95	0.78	0.96	0.82	0.94		-0.51	0.98	0.97	0.91	0.81	0.93	0.94	0.75
Short Long Term Debt	-0.56	-0.77	-0.58	-0.35	0.2	-0.37	-0.59	-0.29	-0.72	-0.7	-0.77	-0.67	-0.27	-0.76	-0.33	-0.69	-0.73	-0.51		-0.37	-0.65	-0.17	-0.7	-0.77	-0.76	-0.76
Total Current Assets	0.97	0.65	0.92	1.0	-0.87	0.96	0.88	0.99	0.88	0.84	0.69	0.9	0.98	0.71	0.98	0.77	0.87	0.98	-0.37		0.91	0.95	0.77	0.86	0.88	0.68
Capital Stock	0.96	0.83	0.89	0.89	-0.75	0.85	0.84	0.88	0.95	0.89	0.85	0.94	0.86	0.86	0.9	0.88	0.97	0.97	-0.65	0.91		0.83	0.78	0.97	0.97	0.84
Net Working Capital	0.86	0.55	0.75	0.94	-0.79	0.85	0.69	0.98	0.72	0.7	0.58	0.74	0.92	0.6	0.93	0.66	0.72	0.91	-0.17	0.95	0.83		0.57	0.71	0.73	0.57
Intangible Assets	0.88	0.59	0.93	0.79	-0.59	0.85	0.96	0.72	0.93	0.81	0.63	0.91	0.72	0.66	0.7	0.67	0.87	0.81	-0.7	0.77	0.78	0.57		0.88	0.89	0.62
Property Plant And Equipment Net	0.95	0.84	0.93	0.84	-0.71	0.85	0.91	0.8	0.99	0.92	0.86	0.98	0.81	0.87	0.84	0.88	1.0	0.93	-0.77	0.86	0.97	0.71	0.88		1.0	0.85
Property Plant And Equipment Gross	0.96	0.83	0.95	0.86	-0.73	0.87	0.92	0.82	0.99	0.92	0.85	0.99	0.83	0.86	0.86	0.88	0.99	0.94	-0.76	0.88	0.97	0.73	0.89	1.0		0.85
Capital Lease Obligations	0.76	1.0	0.73	0.65	-0.67	0.65	0.68	0.62	0.78	0.94	1.0	0.8	0.65	1.0	0.72	0.99	0.82	0.75	-0.76	0.68	0.84	0.57	0.62	0.85	0.85

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

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Ningbo Accounts Payable vs Non Currrent Assets Other Analysis

Accounts Payable vs Non Currrent Assets Other

Accounts Payable vs Non Currrent Assets Other Correlation Analysis

Correlation Coefficient

Accounts Payable

Non Currrent Assets Other

Ningbo Homelink fundamental ratios Correlations

Ningbo Homelink Account Relationship Matchups

High Positive Relationship

High Negative Relationship

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COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Long Term Debt	+ 1.0	Other Current Liab
Capital Lease Obligations	+ 1.0	Other Current Liab
Total Current Assets	+ 1.0	Total Stockholder Equity
Non Current Liabilities Total	+ 1.0	Long Term Debt
Capital Lease Obligations	+ 1.0	Long Term Debt
Capital Lease Obligations	+ 1.0	Non Current Liabilities Total

Inventory	- 0.94	Net Debt
Common Stock Shares Outstanding	- 0.94	Net Debt
Retained Earnings	- 0.9	Net Debt
Total Current Assets	- 0.87	Net Debt
Net Debt	- 0.85	Total Stockholder Equity
Cash	- 0.84	Net Debt