Ningbo Long Term Debt vs Total Assets Analysis

600982 Stock

4.12 0.03 0.73%

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

Long Term Debt vs Total Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Ningbo Thermal Power Long Term Debt account and Total Assets. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Ningbo Thermal's Long Term Debt and Total Assets is 0.91. Overlapping area represents the amount of variation of Long Term Debt that can explain the historical movement of Total Assets in the same time period over historical financial statements of Ningbo Thermal Power, assuming nothing else is changed. The correlation between historical values of Ningbo Thermal's Long Term Debt and Total 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 Thermal Power are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Long Term Debt i.e., Ningbo Thermal's Long Term Debt and Total Assets go up and down completely randomly.

Correlation Coefficient

0.91

Relationship Direction	Positive
Relationship Strength	Very Strong

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Long Term Debt

Long-term debt is a debt that Ningbo Thermal Power has held for over one year. Long-term debt appears on Ningbo Thermal Power 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 Thermal Power 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 Assets

Total assets refers to the total amount of Ningbo Thermal assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Ningbo Thermal Power books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.

Most indicators from Ningbo Thermal's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Ningbo Thermal Power 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 Thermal Power. 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 337.1 M, whereas Tax Provision is forecasted to decline to about 13.8 M.

	2021	2022	2023	2024 (projected)
Operating Income	279.4M	212.5M	210.9M	221.4M
Total Revenue	6.9B	9.3B	5.4B	5.7B

Operating Income Total Revenue

Ningbo Thermal fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Retained Earnings	Accounts Payable	Cash	Other Assets	Net Receivables	Inventory	Total Liab	Intangible Assets	Common Stock	Property Plant Equipment	Long Term Debt	Other Current Assets	Other Liab	Short Term Investments	Good Will	Net Tangible Assets	Other Stockholder Equity	Deferred Long Term Liab	Long Term Investments	Short Long Term Debt	Total Current Assets	Short Term Debt
Total Assets		-0.06	0.95	0.92	0.99	0.89	0.27	0.94	0.86	0.53	0.98	0.93	0.89	0.97	0.91	0.69	0.86	0.37	0.85	0.89	-0.83	0.8	0.2	0.89	0.87	0.61
Other Current Liab	-0.06		-0.01	0.15	0.05	-0.32	0.2	0.13	-0.23	0.57	-0.15	0.11	0.15	0.11	-0.28	0.01	0.21	0.01	-0.24	0.03	-0.28	0.04	0.11	0.14	0.09	0.31
Total Current Liabilities	0.95	-0.01		0.84	0.95	0.92	0.24	0.93	0.76	0.58	0.95	0.88	0.8	0.97	0.82	0.8	0.88	0.28	0.79	0.91	-0.87	0.8	0.12	0.95	0.92	0.71
Total Stockholder Equity	0.92	0.15	0.84		0.95	0.73	0.5	0.93	0.78	0.66	0.83	0.82	0.99	0.91	0.71	0.6	0.88	0.48	0.66	0.82	-0.86	0.65	0.31	0.83	0.8	0.66
Retained Earnings	0.99	0.05	0.95	0.95		0.85	0.34	0.96	0.84	0.59	0.96	0.93	0.92	0.98	0.87	0.7	0.89	0.39	0.81	0.89	-0.86	0.79	0.21	0.9	0.88	0.66
Accounts Payable	0.89	-0.32	0.92	0.73	0.85		0.23	0.78	0.7	0.4	0.91	0.79	0.67	0.84	0.82	0.71	0.69	0.26	0.8	0.8	-0.68	0.76	0.13	0.84	0.8	0.51
Cash	0.27	0.2	0.24	0.5	0.34	0.23		0.33	0.14	0.35	0.16	0.16	0.46	0.26	0.06	0.32	0.3	0.32	0.08	0.19	-0.25	0.16	0.06	0.31	0.38	0.45
Other Assets	0.94	0.13	0.93	0.93	0.96	0.78	0.33		0.82	0.68	0.89	0.87	0.91	0.98	0.77	0.74	0.97	0.38	0.71	0.92	-0.95	0.72	0.2	0.91	0.93	0.8
Net Receivables	0.86	-0.23	0.76	0.78	0.84	0.7	0.14	0.82		0.37	0.85	0.69	0.78	0.81	0.88	0.63	0.76	0.15	0.75	0.72	-0.72	0.51	0.11	0.64	0.74	0.58
Inventory	0.53	0.57	0.58	0.66	0.59	0.4	0.35	0.68	0.37		0.45	0.57	0.63	0.64	0.26	0.46	0.69	0.08	0.32	0.6	-0.8	0.51	0.4	0.7	0.68	0.71
Total Liab	0.98	-0.15	0.95	0.83	0.96	0.91	0.16	0.89	0.85	0.45		0.93	0.8	0.94	0.95	0.7	0.8	0.3	0.9	0.87	-0.77	0.82	0.14	0.87	0.85	0.56
Intangible Assets	0.93	0.11	0.88	0.82	0.93	0.79	0.16	0.87	0.69	0.57	0.93		0.78	0.92	0.85	0.53	0.77	0.4	0.83	0.85	-0.76	0.88	0.29	0.86	0.79	0.48
Common Stock	0.89	0.15	0.8	0.99	0.92	0.67	0.46	0.91	0.78	0.63	0.8	0.78		0.89	0.69	0.57	0.88	0.5	0.62	0.8	-0.85	0.6	0.32	0.8	0.77	0.65
Property Plant Equipment	0.97	0.11	0.97	0.91	0.98	0.84	0.26	0.98	0.81	0.64	0.94	0.92	0.89		0.83	0.75	0.94	0.37	0.78	0.93	-0.92	0.8	0.15	0.92	0.91	0.73
Long Term Debt	0.91	-0.28	0.82	0.71	0.87	0.82	0.06	0.77	0.88	0.26	0.95	0.85	0.69	0.83		0.62	0.65	0.24	0.92	0.74	-0.6	0.74	0.03	0.69	0.73	0.4
Other Current Assets	0.69	0.01	0.8	0.6	0.7	0.71	0.32	0.74	0.63	0.46	0.7	0.53	0.57	0.75	0.62		0.74	0.01	0.57	0.67	-0.72	0.52	-0.39	0.7	0.85	0.84
Other Liab	0.86	0.21	0.88	0.88	0.89	0.69	0.3	0.97	0.76	0.69	0.8	0.77	0.88	0.94	0.65	0.74		0.35	0.59	0.89	-0.98	0.63	0.15	0.87	0.89	0.85
Short Term Investments	0.37	0.01	0.28	0.48	0.39	0.26	0.32	0.38	0.15	0.08	0.3	0.4	0.5	0.37	0.24	0.01	0.35		0.26	0.44	-0.28	0.38	0.18	0.31	0.2	0.03
Good Will	0.85	-0.24	0.79	0.66	0.81	0.8	0.08	0.71	0.75	0.32	0.9	0.83	0.62	0.78	0.92	0.57	0.59	0.26		0.82	-0.57	0.9	0.14	0.77	0.76	0.39
Net Tangible Assets	0.89	0.03	0.91	0.82	0.89	0.8	0.19	0.92	0.72	0.6	0.87	0.85	0.8	0.93	0.74	0.67	0.89	0.44	0.82		-0.88	0.86	0.25	0.94	0.9	0.69
Other Stockholder Equity	-0.83	-0.28	-0.87	-0.86	-0.86	-0.68	-0.25	-0.95	-0.72	-0.8	-0.77	-0.76	-0.85	-0.92	-0.6	-0.72	-0.98	-0.28	-0.57	-0.88		-0.63	-0.2	-0.87	-0.89	-0.86
Deferred Long Term Liab	0.8	0.04	0.8	0.65	0.79	0.76	0.16	0.72	0.51	0.51	0.82	0.88	0.6	0.8	0.74	0.52	0.63	0.38	0.9	0.86	-0.63		0.24	0.87	0.78	0.43
Long Term Investments	0.2	0.11	0.12	0.31	0.21	0.13	0.06	0.2	0.11	0.4	0.14	0.29	0.32	0.15	0.03	-0.39	0.15	0.18	0.14	0.25	-0.2	0.24		0.3	0.07	-0.07
Short Long Term Debt	0.89	0.14	0.95	0.83	0.9	0.84	0.31	0.91	0.64	0.7	0.87	0.86	0.8	0.92	0.69	0.7	0.87	0.31	0.77	0.94	-0.87	0.87	0.3		0.93	0.74
Total Current Assets	0.87	0.09	0.92	0.8	0.88	0.8	0.38	0.93	0.74	0.68	0.85	0.79	0.77	0.91	0.73	0.85	0.89	0.2	0.76	0.9	-0.89	0.78	0.07	0.93		0.87
Short Term Debt	0.61	0.31	0.71	0.66	0.66	0.51	0.45	0.8	0.58	0.71	0.56	0.48	0.65	0.73	0.4	0.84	0.85	0.03	0.39	0.69	-0.86	0.43	-0.07	0.74	0.87

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Ningbo Thermal Account Relationship Matchups

Ningbo Thermal fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	6.1B	7.1B	10.0B	11.7B	13.8B	14.5B
Other Current Liab	125.4M	395.3M	433.1M	15.1M	16.4M	15.6M
Total Current Liabilities	1.5B	2.9B	3.0B	4.7B	4.3B	4.5B
Total Stockholder Equity	3.3B	3.5B	3.8B	4.0B	4.2B	4.4B
Retained Earnings	833.2M	1.0B	1.3B	1.4B	1.6B	1.7B
Accounts Payable	151.0M	192.0M	259.6M	840.7M	598.9M	628.9M
Cash	714.3M	613.6M	865.6M	1.0B	684.9M	553.5M
Other Assets	737.0M	881.3M	848.7M	983.5M	1.1B	1.2B
Net Receivables	841.4M	286.1M	560.6M	543.3M	1.5B	1.5B
Inventory	226.2M	232.4M	360.0M	265.9M	171.7M	105.6M
Total Liab	2.4B	3.1B	5.6B	7.0B	8.8B	9.2B
Intangible Assets	176.1M	241.5M	496.5M	372.6M	408.6M	429.1M
Property Plant Equipment	2.0B	2.1B	2.5B	3.1B	3.6B	3.8B
Long Term Debt	680.9M	159.9M	2.2B	2.0B	4.1B	4.3B
Other Current Assets	114.7M	312.1M	316.2M	694.4M	799.5M	839.5M
Other Liab	391.5M	393.3M	340.6M	352.2M	405.0M	425.3M
Short Term Investments	612.1M	539.3M	372.4M	494.7M	486.0M	352.2M
Net Tangible Assets	3.3B	3.4B	3.3B	3.6B	4.2B	3.2B
Other Stockholder Equity	20.0M	6.4M	10.9M	13.6M	12.2M	11.6M
Deferred Long Term Liab	5.5M	7.7M	13.4M	12.9M	14.8M	8.0M
Short Long Term Debt	840.4M	1.8B	2.0B	2.6B	2.5B	1.4B
Total Current Assets	2.7B	2.6B	3.3B	3.5B	3.7B	3.1B
Non Current Assets Total	3.5B	4.7B	6.7B	8.2B	10.1B	5.3B
Non Currrent Assets Other	284.4M	333.4M	402.6M	483.6M	364.4M	351.5M
Non Current Liabilities Total	898.3M	553.2M	2.6B	2.4B	4.5B	4.7B
Non Current Liabilities Other	506.8M	112.0M	113.5M	99.7M	100.3M	191.6M
Net Debt	632.9M	1.4B	3.4B	3.6B	6.0B	6.2B
Net Invested Capital	4.7B	5.5B	8.0B	8.6B	10.8B	7.3B
Net Working Capital	1.1B	(197.1M)	285.2M	(1.2B)	(613.3M)	(582.7M)

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Balance Sheet is a snapshot of the financial position of Ningbo Thermal Power at a specified time, usually calculated after every quarter, six months, or one year. Ningbo Thermal Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Ningbo Thermal 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 Long Term Debt vs Total Assets Analysis

Long Term Debt vs Total Assets

Long Term Debt vs Total Assets Correlation Analysis

Correlation Coefficient

Long Term Debt

Total Assets

Ningbo Thermal fundamental ratios Correlations

Ningbo Thermal Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Ningbo Thermal fundamental ratios Accounts

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Other Information on Investing in Ningbo Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Retained Earnings	+ 0.99	Total Assets
Common Stock	+ 0.99	Total Stockholder Equity
Total Liab	+ 0.98	Total Assets
Property Plant Equipment	+ 0.98	Retained Earnings
Property Plant Equipment	+ 0.98	Other Assets
Property Plant Equipment	+ 0.97	Total Assets

Other Stockholder Equity	- 0.98	Other Liab
Other Stockholder Equity	- 0.95	Other Assets
Other Stockholder Equity	- 0.92	Property Plant Equipment
Total Current Assets	- 0.89	Other Stockholder Equity
Other Stockholder Equity	- 0.88	Net Tangible Assets
Short Long Term Debt	- 0.87	Other Stockholder Equity