Ningbo Total Current Liabilities vs Long Term Debt Analysis

601137 Stock

18.98 0.69 3.51%

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

Total Current Liabilities vs Long Term Debt

Total Current Liabilities vs Long Term Debt Correlation Analysis

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

The correlation between Ningbo Boway's Total Current Liabilities and Long Term Debt is 0.93. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Long Term Debt in the same time period over historical financial statements of Ningbo Boway Alloy, assuming nothing else is changed. The correlation between historical values of Ningbo Boway's Total Current Liabilities and Long Term Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Current Liabilities of Ningbo Boway Alloy are associated (or correlated) with its Long Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Long Term Debt has no effect on the direction of Total Current Liabilities i.e., Ningbo Boway's Total Current Liabilities and Long Term Debt go up and down completely randomly.

Correlation Coefficient

0.93

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Total Current Liabilities

Total Current Liabilities is an item on Ningbo Boway 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 Boway Alloy 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.

Long Term Debt

Long-term debt is a debt that Ningbo Boway Alloy has held for over one year. Long-term debt appears on Ningbo Boway Alloy 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 Boway Alloy 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.

Most indicators from Ningbo Boway's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Ningbo Boway Alloy 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 Boway Alloy. 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 500.2 M. The current year's Tax Provision is expected to grow to about 195.7 M

	2022	2023	2024	2025 (projected)
Operating Income	876.8M	1.9B	2.1B	2.2B
Total Revenue	13.4B	17.8B	20.4B	21.4B

Operating Income Total Revenue

Ningbo Boway fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Retained Earnings	Accounts Payable	Cash	Net Receivables	Inventory	Other Current Assets	Total Liab	Intangible Assets	Common Stock	Property Plant Equipment	Other Assets	Short Term Investments	Other Liab	Long Term Debt	Net Tangible Assets	Other Stockholder Equity	Deferred Long Term Liab	Total Current Assets	Non Current Assets Total	Non Currrent Assets Other	Good Will	Non Current Liabilities Total
Total Assets		0.03	0.99	0.99	0.99	0.98	0.94	0.98	0.99	0.67	0.99	0.94	0.87	0.97	0.72	-0.23	0.88	0.95	0.88	-0.86	0.75	0.99	0.91	0.61	-0.83	0.97
Other Current Liab	0.03		0.12	0.05	0.05	-0.07	-0.17	0.02	-0.02	0.26	0.02	0.19	0.22	0.22	0.42	-0.04	0.3	-0.24	0.32	-0.21	0.18	-0.07	0.27	0.26	0.0	-0.17
Total Current Liabilities	0.99	0.12		0.97	0.98	0.97	0.91	0.97	0.99	0.68	0.99	0.94	0.86	0.97	0.73	-0.22	0.89	0.93	0.89	-0.87	0.76	0.98	0.93	0.61	-0.84	0.95
Total Stockholder Equity	0.99	0.05	0.97		0.98	0.95	0.92	0.97	0.96	0.67	0.97	0.96	0.91	0.98	0.74	-0.19	0.89	0.9	0.88	-0.83	0.7	0.96	0.89	0.63	-0.78	0.93
Retained Earnings	0.99	0.05	0.98	0.98		0.96	0.95	0.99	0.97	0.59	0.98	0.96	0.87	0.96	0.76	-0.27	0.9	0.93	0.87	-0.82	0.72	0.98	0.9	0.69	-0.79	0.95
Accounts Payable	0.98	-0.07	0.97	0.95	0.96		0.92	0.96	0.99	0.66	0.99	0.88	0.83	0.93	0.63	-0.24	0.82	0.97	0.84	-0.84	0.7	0.98	0.89	0.53	-0.83	0.98
Cash	0.94	-0.17	0.91	0.92	0.95	0.92		0.94	0.93	0.43	0.93	0.84	0.73	0.84	0.57	-0.29	0.74	0.94	0.72	-0.75	0.71	0.97	0.78	0.58	-0.83	0.95
Net Receivables	0.98	0.02	0.97	0.97	0.99	0.96	0.94		0.97	0.56	0.98	0.96	0.88	0.95	0.75	-0.26	0.91	0.93	0.85	-0.79	0.66	0.97	0.88	0.69	-0.76	0.95
Inventory	0.99	-0.02	0.99	0.96	0.97	0.99	0.93	0.97		0.68	1.0	0.91	0.83	0.95	0.66	-0.22	0.84	0.97	0.86	-0.87	0.76	0.99	0.9	0.55	-0.85	0.98
Other Current Assets	0.67	0.26	0.68	0.67	0.59	0.66	0.43	0.56	0.68		0.66	0.6	0.67	0.73	0.5	0.02	0.6	0.57	0.81	-0.77	0.61	0.59	0.79	0.25	-0.53	0.58
Total Liab	0.99	0.02	0.99	0.97	0.98	0.99	0.93	0.98	1.0	0.66		0.92	0.83	0.95	0.69	-0.25	0.86	0.96	0.86	-0.86	0.77	0.99	0.92	0.59	-0.86	0.98
Intangible Assets	0.94	0.19	0.94	0.96	0.96	0.88	0.84	0.96	0.91	0.6	0.92		0.93	0.97	0.88	-0.18	0.96	0.82	0.87	-0.73	0.61	0.9	0.88	0.79	-0.68	0.86
Common Stock	0.87	0.22	0.86	0.91	0.87	0.83	0.73	0.88	0.83	0.67	0.83	0.93		0.93	0.8	-0.12	0.92	0.71	0.88	-0.69	0.43	0.8	0.82	0.67	-0.55	0.75
Property Plant Equipment	0.97	0.22	0.97	0.98	0.96	0.93	0.84	0.95	0.95	0.73	0.95	0.97	0.93		0.8	-0.21	0.95	0.85	0.92	-0.86	0.7	0.92	0.93	0.65	-0.75	0.88
Other Assets	0.72	0.42	0.73	0.74	0.76	0.63	0.57	0.75	0.66	0.5	0.69	0.88	0.8	0.8		-0.24	0.93	0.54	0.76	-0.51	0.48	0.63	0.77	0.9	-0.41	0.6
Short Term Investments	-0.23	-0.04	-0.22	-0.19	-0.27	-0.24	-0.29	-0.26	-0.22	0.02	-0.25	-0.18	-0.12	-0.21	-0.24		-0.31	-0.23	-0.23	0.32	-0.31	-0.26	-0.3	-0.3	0.13	-0.29
Other Liab	0.88	0.3	0.89	0.89	0.9	0.82	0.74	0.91	0.84	0.6	0.86	0.96	0.92	0.95	0.93	-0.31		0.73	0.88	-0.71	0.56	0.82	0.88	0.81	-0.57	0.78
Long Term Debt	0.95	-0.24	0.93	0.9	0.93	0.97	0.94	0.93	0.97	0.57	0.96	0.82	0.71	0.85	0.54	-0.23	0.73		0.74	-0.79	0.72	0.98	0.81	0.49	-0.85	1.0
Net Tangible Assets	0.88	0.32	0.89	0.88	0.87	0.84	0.72	0.85	0.86	0.81	0.86	0.87	0.88	0.92	0.76	-0.23	0.88	0.74		-0.85	0.65	0.82	0.97	0.65	-0.6	0.78
Other Stockholder Equity	-0.86	-0.21	-0.87	-0.83	-0.82	-0.84	-0.75	-0.79	-0.87	-0.77	-0.86	-0.73	-0.69	-0.86	-0.51	0.32	-0.71	-0.79	-0.85		-0.85	-0.84	-0.89	-0.32	0.76	-0.82
Deferred Long Term Liab	0.75	0.18	0.76	0.7	0.72	0.7	0.71	0.66	0.76	0.61	0.77	0.61	0.43	0.7	0.48	-0.31	0.56	0.72	0.65	-0.85		0.76	0.76	0.33	-0.86	0.74
Total Current Assets	0.99	-0.07	0.98	0.96	0.98	0.98	0.97	0.97	0.99	0.59	0.99	0.9	0.8	0.92	0.63	-0.26	0.82	0.98	0.82	-0.84	0.76		0.88	0.57	-0.86	0.99
Non Current Assets Total	0.91	0.27	0.93	0.89	0.9	0.89	0.78	0.88	0.9	0.79	0.92	0.88	0.82	0.93	0.77	-0.3	0.88	0.81	0.97	-0.89	0.76	0.88		0.66	-0.7	0.85
Non Currrent Assets Other	0.61	0.26	0.61	0.63	0.69	0.53	0.58	0.69	0.55	0.25	0.59	0.79	0.67	0.65	0.9	-0.3	0.81	0.49	0.65	-0.32	0.33	0.57	0.66		-0.27	0.53
Good Will	-0.83	0.0	-0.84	-0.78	-0.79	-0.83	-0.83	-0.76	-0.85	-0.53	-0.86	-0.68	-0.55	-0.75	-0.41	0.13	-0.57	-0.85	-0.6	0.76	-0.86	-0.86	-0.7	-0.27		-0.84
Non Current Liabilities Total	0.97	-0.17	0.95	0.93	0.95	0.98	0.95	0.95	0.98	0.58	0.98	0.86	0.75	0.88	0.6	-0.29	0.78	1.0	0.78	-0.82	0.74	0.99	0.85	0.53	-0.84

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Ningbo Boway Account Relationship Matchups

Ningbo Boway fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	9.1B	11.8B	14.5B	16.3B	18.8B	19.7B
Other Current Liab	708.4M	986.1M	3.0M	3.8M	4.4M	4.2M
Total Current Liabilities	3.4B	5.4B	5.8B	6.3B	7.3B	7.6B
Total Stockholder Equity	5.2B	5.4B	6.0B	7.1B	8.2B	8.6B
Retained Earnings	1.9B	2.1B	2.4B	3.3B	3.8B	4.0B
Accounts Payable	705.4M	1.3B	2.1B	2.0B	2.3B	2.4B
Cash	784.6M	1.2B	1.5B	3.1B	3.6B	3.8B
Net Receivables	963.5M	1.2B	1.4B	1.7B	2.0B	2.1B
Inventory	2.0B	3.3B	4.8B	4.8B	5.5B	5.8B
Other Current Assets	378.0M	380.2M	509.2M	314.6M	361.7M	229.9M
Total Liab	3.9B	6.4B	8.5B	9.2B	10.6B	11.2B
Intangible Assets	289.0M	281.1M	281.7M	354.8M	408.1M	428.5M
Property Plant Equipment	2.6B	3.1B	4.1B	5.0B	5.7B	6.0B
Other Assets	242.9M	384.4M	354.0M	238.3M	274.0M	287.7M
Other Liab	184.8M	221.0M	210.6M	214.1M	246.3M	258.6M
Long Term Debt	284.1M	704.4M	2.4B	2.5B	2.9B	3.0B
Net Tangible Assets	3.5B	3.5B	4.9B	5.1B	5.9B	4.0B
Other Stockholder Equity	13.0M	25.0M	(61.8M)	(96.2M)	(86.6M)	(82.3M)
Deferred Long Term Liab	6.0M	31.0M	89.1M	89.1M	102.5M	107.6M
Total Current Assets	4.3B	6.3B	8.7B	10.5B	12.1B	12.7B
Non Current Assets Total	4.8B	5.5B	5.8B	5.8B	6.7B	4.5B
Non Currrent Assets Other	219.7M	103.6M	82.3M	220.2M	253.3M	165.0M
Good Will	13.4M	12.0M	12.1M	12.5M	11.3M	10.6M
Non Current Liabilities Total	568.5M	1.0B	2.7B	2.9B	3.4B	3.5B
Short Long Term Debt	1.8B	2.8B	1.4B	1.6B	1.9B	1.5B
Non Current Liabilities Other	4.2M	4.5M	4.1M	2.7M	2.5M	2.3M
Net Debt	1.3B	2.3B	2.3B	1.0B	1.2B	1.4B
Net Invested Capital	7.3B	8.9B	9.8B	11.3B	13.0B	8.3B
Net Working Capital	982.7M	913.7M	2.9B	4.2B	4.8B	5.1B
Property Plant And Equipment Net	4.1B	5.0B	5.3B	5.0B	5.7B	4.9B
Property Plant And Equipment Gross	5.2B	6.3B	7.2B	7.0B	8.1B	6.5B

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

Total Current Liabilities vs Long Term Debt

Total Current Liabilities vs Long Term Debt Correlation Analysis

Correlation Coefficient

Total Current Liabilities

Long Term Debt

Ningbo Boway fundamental ratios Correlations

Ningbo Boway Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Ningbo Boway fundamental ratios Accounts

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Other Information on Investing in Ningbo Stock

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COMPANY

Total Liab	+ 1.0	Inventory
Non Current Liabilities Total	+ 1.0	Long Term Debt
Total Current Liabilities	+ 0.99	Total Assets
Total Stockholder Equity	+ 0.99	Total Assets
Retained Earnings	+ 0.99	Total Assets
Inventory	+ 0.99	Total Assets

Non Current Assets Total	- 0.89	Other Stockholder Equity
Other Stockholder Equity	- 0.87	Inventory
Other Stockholder Equity	- 0.87	Total Current Liabilities
Good Will	- 0.86	Total Current Assets
Good Will	- 0.86	Deferred Long Term Liab
Other Stockholder Equity	- 0.86	Property Plant Equipment