Flat Non Current Assets Total vs Total Stockholder Equity Analysis
601865 Stock | 20.98 0.24 1.13% |
Flat Glass financial indicator trend analysis is much more than just examining Flat Glass Group latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Flat Glass Group is a good investment. Please check the relationship between Flat Glass Non Current Assets Total and its Total Stockholder Equity accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Flat Glass Group. 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 Total Stockholder Equity
Non Current Assets Total vs Total Stockholder Equity Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Flat Glass Group Non Current Assets Total account and Total Stockholder Equity. At this time, the significance of the direction appears to have totally related.
The correlation between Flat Glass' Non Current Assets Total and Total Stockholder Equity is 0.99. Overlapping area represents the amount of variation of Non Current Assets Total that can explain the historical movement of Total Stockholder Equity in the same time period over historical financial statements of Flat Glass Group, assuming nothing else is changed. The correlation between historical values of Flat Glass' Non Current Assets Total and Total Stockholder Equity 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 Flat Glass Group are associated (or correlated) with its Total Stockholder Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Stockholder Equity has no effect on the direction of Non Current Assets Total i.e., Flat Glass' Non Current Assets Total and Total Stockholder Equity go up and down completely randomly.
Correlation Coefficient | 0.99 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
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.Total Stockholder Equity
The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.Most indicators from Flat Glass' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Flat Glass Group 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 Flat Glass Group. 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 Issuance Of Capital Stock is expected to grow to about 6.3 B, whereas Tax Provision is forecasted to decline to about 168.4 M.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 3.1B | 3.4B | 4.7B | 2.5B | Total Revenue | 8.7B | 15.5B | 21.5B | 22.6B |
Flat Glass fundamental ratios Correlations
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Flat Glass Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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Flat Glass fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 9.4B | 12.3B | 20.1B | 32.4B | 43.0B | 45.1B | |
Other Current Liab | 769.3M | 921.4M | 1.5B | 2.4B | 12.3M | 11.7M | |
Total Current Liabilities | 4.5B | 3.3B | 6.2B | 10.5B | 9.2B | 5.4B | |
Total Stockholder Equity | 4.5B | 7.2B | 11.8B | 14.0B | 22.2B | 23.3B | |
Other Liab | 132.4M | 77.1M | 129.7M | 326.2M | 375.1M | 393.9M | |
Net Tangible Assets | 4.1B | 6.7B | 11.1B | 10.2B | 11.8B | 6.5B | |
Retained Earnings | 3.2B | 4.7B | 6.5B | 8.1B | 10.0B | 5.4B | |
Accounts Payable | 1.6B | 1.4B | 2.4B | 3.5B | 4.5B | 4.7B | |
Cash | 613.0M | 1.6B | 2.8B | 2.9B | 6.6B | 6.9B | |
Non Current Assets Total | 4.9B | 6.7B | 11.2B | 20.0B | 26.1B | 27.5B | |
Other Assets | 316.0M | 654.4M | 896.8M | 2.8B | 3.3B | 3.4B | |
Long Term Debt | 281.9M | 1.6B | 2.0B | 7.5B | 10.4B | 10.9B | |
Net Receivables | 3.2B | 1.4B | 1.1B | 2.8B | 3.7B | 2.3B | |
Non Current Liabilities Total | 425.3M | 1.7B | 2.1B | 7.8B | 11.5B | 12.1B | |
Inventory | 483.6M | 479.4M | 2.3B | 2.4B | 2.0B | 1.2B | |
Other Current Assets | 142.6M | 461.0M | 986.0M | 938.8M | 1.1B | 1.1B | |
Other Stockholder Equity | 17.7M | 37.4M | 9.7M | 562.7M | 647.1M | 679.4M | |
Total Liab | 4.9B | 5.0B | 8.3B | 18.3B | 20.7B | 21.7B | |
Short Long Term Debt | 2.4B | 1.5B | 3.2B | 5.3B | 4.0B | 2.4B | |
Total Current Assets | 4.5B | 5.6B | 8.9B | 12.4B | 16.8B | 17.7B | |
Intangible Assets | 624.5M | 703.4M | 580.5M | 729.5M | 795.4M | 688.0M | |
Common Stock | 487.5M | 510.3M | 536.7M | 536.7M | 617.2M | 537.6M | |
Property Plant Equipment | 4.2B | 5.4B | 9.6B | 13.3B | 15.3B | 16.1B | |
Net Debt | 2.0B | 1.5B | 2.3B | 9.9B | 7.8B | 3.9B | |
Common Stock Shares Outstanding | 2.0B | 2.0B | 2.1B | 2.1B | 2.4B | 2.2B | |
Net Invested Capital | 7.2B | 10.3B | 17.0B | 26.8B | 36.6B | 38.5B | |
Net Working Capital | (1.3M) | 2.2B | 2.7B | 1.8B | 7.6B | 8.0B | |
Capital Stock | 487.5M | 510.3M | 536.7M | 536.7M | 587.8M | 570.0M |
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Other Information on Investing in Flat Stock
Balance Sheet is a snapshot of the financial position of Flat Glass Group at a specified time, usually calculated after every quarter, six months, or one year. Flat Glass Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Flat Glass 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 Flat currently owns. An asset can also be divided into two categories, current and non-current.