Ningbo Other Current Assets vs Total Current Liabilities Analysis

600982 Stock

4.24 0.01 0.24%

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 Other Current Assets and its Total Current Liabilities 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.

Other Current Assets vs Total Current Liabilities

Other Current Assets vs Total Current Liabilities Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Ningbo Thermal Power Other Current Assets account and Total Current Liabilities. At this time, the significance of the direction appears to have very strong relationship.

The correlation between Ningbo Thermal's Other Current Assets and Total Current Liabilities is 0.84. Overlapping area represents the amount of variation of Other Current Assets that can explain the historical movement of Total Current Liabilities 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 Other Current Assets and Total Current Liabilities is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Current Assets of Ningbo Thermal Power are associated (or correlated) with its Total Current Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Liabilities has no effect on the direction of Other Current Assets i.e., Ningbo Thermal's Other Current Assets and Total Current Liabilities go up and down completely randomly.

Correlation Coefficient

0.84

Relationship Direction	Positive
Relationship Strength	Strong

View All Relationships

Other Current Assets

Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.

Total Current Liabilities

Total Current Liabilities is an item on Ningbo Thermal balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Ningbo Thermal Power are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.

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 387.6 M, whereas Tax Provision is forecasted to decline to about 12.5 M.

	2022	2023	2024	2025 (projected)
Operating Income	212.5M	210.9M	242.5M	254.7M
Total Revenue	9.3B	5.4B	6.2B	6.5B

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		-0.19	0.96	0.93	0.99	0.92	0.24	0.92	0.91	0.48	0.99	0.94	0.87	0.96	0.94	0.76	0.84	0.42	0.88	0.89	-0.81	0.81	0.22	0.88	0.88	0.59
Other Current Liab	-0.19		-0.13	0.01	-0.1	-0.39	0.18	0.06	-0.33	0.52	-0.27	-0.03	0.09	0.03	-0.37	-0.1	0.15	-0.05	-0.28	-0.05	-0.2	-0.06	0.05	0.01	-0.06	0.26
Total Current Liabilities	0.96	-0.13		0.88	0.96	0.94	0.22	0.93	0.82	0.54	0.96	0.91	0.81	0.97	0.87	0.84	0.88	0.34	0.83	0.91	-0.85	0.82	0.16	0.93	0.91	0.69
Total Stockholder Equity	0.93	0.01	0.88		0.96	0.79	0.45	0.94	0.83	0.6	0.87	0.86	0.98	0.93	0.79	0.69	0.89	0.51	0.73	0.85	-0.86	0.7	0.3	0.84	0.82	0.66
Retained Earnings	0.99	-0.1	0.96	0.96		0.89	0.3	0.94	0.89	0.54	0.97	0.94	0.9	0.97	0.91	0.77	0.87	0.43	0.85	0.89	-0.84	0.8	0.23	0.89	0.88	0.64
Accounts Payable	0.92	-0.39	0.94	0.79	0.89		0.22	0.81	0.78	0.38	0.93	0.84	0.7	0.86	0.86	0.77	0.71	0.32	0.84	0.82	-0.7	0.79	0.16	0.85	0.83	0.52
Cash	0.24	0.18	0.22	0.45	0.3	0.22		0.34	0.13	0.35	0.14	0.15	0.47	0.28	0.06	0.3	0.31	0.32	0.13	0.21	-0.26	0.18	0.06	0.3	0.35	0.45
Other Assets	0.92	0.06	0.93	0.94	0.94	0.81	0.34		0.81	0.68	0.88	0.88	0.92	0.98	0.77	0.77	0.97	0.42	0.73	0.92	-0.96	0.74	0.24	0.9	0.9	0.8
Net Receivables	0.91	-0.33	0.82	0.83	0.89	0.78	0.13	0.81		0.34	0.9	0.77	0.76	0.81	0.92	0.72	0.74	0.24	0.78	0.75	-0.71	0.59	0.16	0.7	0.79	0.56
Inventory	0.48	0.52	0.54	0.6	0.54	0.38	0.35	0.68	0.34		0.41	0.54	0.65	0.64	0.25	0.44	0.7	0.1	0.36	0.61	-0.79	0.52	0.4	0.67	0.63	0.72
Total Liab	0.99	-0.27	0.96	0.87	0.97	0.93	0.14	0.88	0.9	0.41		0.94	0.79	0.93	0.97	0.76	0.79	0.36	0.9	0.87	-0.76	0.83	0.18	0.87	0.87	0.55
Intangible Assets	0.94	-0.03	0.91	0.86	0.94	0.84	0.15	0.88	0.77	0.54	0.94		0.8	0.94	0.89	0.62	0.78	0.44	0.87	0.86	-0.77	0.89	0.29	0.87	0.82	0.5
Common Stock	0.87	0.09	0.81	0.98	0.9	0.7	0.47	0.92	0.76	0.65	0.79	0.8		0.89	0.68	0.61	0.89	0.53	0.64	0.81	-0.86	0.63	0.35	0.8	0.76	0.66
Property Plant Equipment	0.96	0.03	0.97	0.93	0.97	0.86	0.28	0.98	0.81	0.64	0.93	0.94	0.89		0.83	0.79	0.94	0.42	0.8	0.93	-0.92	0.81	0.2	0.92	0.91	0.73
Long Term Debt	0.94	-0.37	0.87	0.79	0.91	0.86	0.06	0.77	0.92	0.25	0.97	0.89	0.68	0.83		0.71	0.65	0.31	0.9	0.76	-0.62	0.76	0.1	0.74	0.79	0.42
Other Current Assets	0.76	-0.1	0.84	0.69	0.77	0.77	0.3	0.77	0.72	0.44	0.76	0.62	0.61	0.79	0.71		0.76	0.1	0.64	0.72	-0.74	0.58	-0.29	0.74	0.85	0.82
Other Liab	0.84	0.15	0.88	0.89	0.87	0.71	0.31	0.97	0.74	0.7	0.79	0.78	0.89	0.94	0.65	0.76		0.39	0.61	0.9	-0.98	0.65	0.19	0.86	0.86	0.85
Short Term Investments	0.42	-0.05	0.34	0.51	0.43	0.32	0.32	0.42	0.24	0.1	0.36	0.44	0.53	0.42	0.31	0.1	0.39		0.35	0.5	-0.32	0.45	0.21	0.38	0.3	0.07
Good Will	0.88	-0.28	0.83	0.73	0.85	0.84	0.13	0.73	0.78	0.36	0.9	0.87	0.64	0.8	0.9	0.64	0.61	0.35		0.83	-0.59	0.89	0.19	0.82	0.84	0.41
Net Tangible Assets	0.89	-0.05	0.91	0.85	0.89	0.82	0.21	0.92	0.75	0.61	0.87	0.86	0.81	0.93	0.76	0.72	0.9	0.5	0.83		-0.89	0.87	0.3	0.96	0.93	0.7
Other Stockholder Equity	-0.81	-0.2	-0.85	-0.86	-0.84	-0.7	-0.26	-0.96	-0.71	-0.79	-0.76	-0.77	-0.86	-0.92	-0.62	-0.74	-0.98	-0.32	-0.59	-0.89		-0.66	-0.24	-0.87	-0.86	-0.86
Deferred Long Term Liab	0.81	-0.06	0.82	0.7	0.8	0.79	0.18	0.74	0.59	0.52	0.83	0.89	0.63	0.81	0.76	0.58	0.65	0.45	0.89	0.87	-0.66		0.3	0.9	0.84	0.45
Long Term Investments	0.22	0.05	0.16	0.3	0.23	0.16	0.06	0.24	0.16	0.4	0.18	0.29	0.35	0.2	0.1	-0.29	0.19	0.21	0.19	0.3	-0.24	0.3		0.35	0.15	-0.03
Short Long Term Debt	0.88	0.01	0.93	0.84	0.89	0.85	0.3	0.9	0.7	0.67	0.87	0.87	0.8	0.92	0.74	0.74	0.86	0.38	0.82	0.96	-0.87	0.9	0.35		0.94	0.72
Total Current Assets	0.88	-0.06	0.91	0.82	0.88	0.83	0.35	0.9	0.79	0.63	0.87	0.82	0.76	0.91	0.79	0.85	0.86	0.3	0.84	0.93	-0.86	0.84	0.15	0.94		0.82
Short Term Debt	0.59	0.26	0.69	0.66	0.64	0.52	0.45	0.8	0.56	0.72	0.55	0.5	0.66	0.73	0.42	0.82	0.85	0.07	0.41	0.7	-0.86	0.45	-0.03	0.72	0.82

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Ningbo Thermal Account Relationship Matchups

Ningbo Thermal fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	7.1B	10.0B	11.7B	13.8B	15.8B	16.6B
Other Current Liab	395.3M	433.1M	15.1M	16.4M	18.8M	17.9M
Total Current Liabilities	2.9B	3.0B	4.7B	4.3B	5.0B	5.2B
Total Stockholder Equity	3.5B	3.8B	4.0B	4.2B	4.8B	5.1B
Retained Earnings	1.0B	1.3B	1.4B	1.6B	1.8B	1.9B
Accounts Payable	192.0M	259.6M	840.7M	598.9M	688.7M	723.2M
Cash	613.6M	865.6M	1.0B	684.9M	787.6M	553.5M
Other Assets	737.0M	881.3M	848.7M	983.5M	1.1B	1.2B
Net Receivables	286.1M	560.6M	543.3M	1.5B	1.7B	1.8B
Inventory	232.4M	360.0M	265.9M	171.7M	197.4M	105.6M
Total Liab	3.1B	5.6B	7.0B	8.8B	10.1B	10.6B
Intangible Assets	241.5M	496.5M	372.6M	408.6M	469.9M	493.4M
Property Plant Equipment	2.0B	2.1B	2.5B	3.1B	3.6B	3.8B
Long Term Debt	159.9M	2.2B	2.0B	4.1B	4.8B	5.0B
Other Current Assets	312.1M	316.2M	694.4M	799.5M	919.4M	965.4M
Other Liab	391.5M	393.3M	340.6M	352.2M	405.0M	425.3M
Short Term Investments	539.3M	372.4M	494.7M	486.0M	558.9M	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	1.8B	2.0B	2.6B	2.5B	2.9B	1.4B
Total Current Assets	2.6B	3.3B	3.5B	3.7B	4.2B	3.1B
Non Current Assets Total	4.7B	6.7B	8.2B	10.1B	11.6B	12.2B
Non Currrent Assets Other	333.4M	402.6M	483.6M	364.4M	327.9M	351.5M
Non Current Liabilities Total	553.2M	2.6B	2.4B	4.5B	5.2B	5.4B
Non Current Liabilities Other	112.0M	113.5M	99.7M	100.3M	90.2M	85.7M
Net Debt	1.4B	3.4B	3.6B	6.0B	6.8B	7.2B
Net Invested Capital	5.5B	8.0B	8.6B	10.8B	12.5B	7.3B
Net Working Capital	(197.1M)	285.2M	(1.2B)	(613.3M)	(552.0M)	(524.4M)
Property Plant And Equipment Net	2.3B	3.1B	3.5B	4.9B	5.6B	3.5B
Property Plant And Equipment Gross	4.3B	5.3B	3.5B	7.5B	8.7B	5.4B

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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 Other Current Assets vs Total Current Liabilities Analysis

Other Current Assets vs Total Current Liabilities

Other Current Assets vs Total Current Liabilities Correlation Analysis

Correlation Coefficient

Other Current Assets

Total Current Liabilities

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

Other Stockholder Equity	- 0.98	Other Liab
Other Stockholder Equity	- 0.96	Other Assets
Other Stockholder Equity	- 0.92	Property Plant Equipment
Other Stockholder Equity	- 0.89	Net Tangible Assets
Short Long Term Debt	- 0.87	Other Stockholder Equity
Short Term Debt	- 0.86	Other Stockholder Equity