Sichuan Long Term Debt vs Non Current Assets Total Analysis

603077 Stock   2.04  0.01  0.49%   
Sichuan Hebang financial indicator trend analysis is much more than just breaking down Sichuan Hebang Biote prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Sichuan Hebang Biote is a good investment. Please check the relationship between Sichuan Hebang Long Term Debt and its Non Current Assets Total accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Sichuan Hebang Biotechnology. 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 Non Current Assets Total

Long Term Debt vs Non Current Assets Total Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Sichuan Hebang Biote Long Term Debt account and Non Current Assets Total. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Sichuan Hebang's Long Term Debt and Non Current Assets Total is -0.63. Overlapping area represents the amount of variation of Long Term Debt that can explain the historical movement of Non Current Assets Total in the same time period over historical financial statements of Sichuan Hebang Biotechnology, assuming nothing else is changed. The correlation between historical values of Sichuan Hebang's Long Term Debt and Non Current Assets Total 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 Sichuan Hebang Biotechnology are associated (or correlated) with its Non Current Assets Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Assets Total has no effect on the direction of Long Term Debt i.e., Sichuan Hebang's Long Term Debt and Non Current Assets Total go up and down completely randomly.

Correlation Coefficient

-0.63
Relationship DirectionNegative 
Relationship StrengthWeak

Long Term Debt

Long-term debt is a debt that Sichuan Hebang Biote has held for over one year. Long-term debt appears on Sichuan Hebang Biotechnology 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 Sichuan Hebang Biotechnology 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.

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.
Most indicators from Sichuan Hebang's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Sichuan Hebang Biote 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 Sichuan Hebang Biotechnology. 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 234 M, whereas Tax Provision is forecasted to decline to about 250.8 M.
 2021 2022 2023 2024 (projected)
Operating Income3.7B4.5B1.5B1.1B
Total Revenue9.9B13.0B8.8B5.1B

Sichuan Hebang fundamental ratios Correlations

0.320.710.890.650.790.840.730.31-0.730.470.620.20.560.590.830.980.860.940.360.670.780.750.870.790.85
0.320.370.14-0.040.140.150.170.09-0.31-0.19-0.250.360.290.750.110.310.180.17-0.15-0.080.070.20.150.170.31
0.710.370.560.480.590.720.460.3-0.420.110.440.20.950.640.480.750.670.53-0.120.510.270.540.550.580.65
0.890.140.560.810.910.940.820.26-0.730.470.820.080.410.50.910.860.860.90.380.820.830.760.830.890.86
0.65-0.040.480.810.960.890.9-0.08-0.290.160.920.030.490.280.560.580.630.770.220.980.440.430.860.690.84
0.790.140.590.910.960.960.920.03-0.490.220.890.090.530.440.710.730.770.850.210.950.580.60.890.820.93
0.840.150.720.940.890.960.840.17-0.550.290.860.050.650.520.790.820.830.850.230.910.650.70.850.860.9
0.730.170.460.820.90.920.84-0.14-0.460.140.740.230.40.40.620.630.610.810.270.870.50.520.890.70.87
0.310.090.30.26-0.080.030.17-0.14-0.190.490.06-0.130.250.30.290.30.230.080.23-0.080.290.07-0.040.03-0.09
-0.73-0.31-0.42-0.73-0.29-0.49-0.55-0.46-0.19-0.44-0.36-0.27-0.13-0.44-0.87-0.77-0.77-0.66-0.22-0.34-0.8-0.86-0.46-0.8-0.63
0.47-0.190.110.470.160.220.290.140.49-0.440.340.03-0.020.180.550.440.370.410.80.160.680.270.290.240.14
0.62-0.250.440.820.920.890.860.740.06-0.360.34-0.130.420.190.650.580.660.720.270.920.540.460.740.710.74
0.20.360.20.080.030.090.050.23-0.13-0.270.03-0.130.120.340.010.16-0.030.12-0.120.0-0.070.110.180.060.15
0.560.290.950.410.490.530.650.40.25-0.13-0.020.420.120.560.260.580.50.39-0.180.50.050.320.490.40.54
0.590.750.640.50.280.440.520.40.3-0.440.180.190.340.560.40.570.360.40.120.250.330.370.390.390.46
0.830.110.480.910.560.710.790.620.29-0.870.550.650.010.260.40.850.850.810.430.60.930.850.640.880.73
0.980.310.750.860.580.730.820.630.3-0.770.440.580.160.580.570.850.890.910.290.610.780.80.810.820.83
0.860.180.670.860.630.770.830.610.23-0.770.370.66-0.030.50.360.850.890.830.140.710.750.890.720.930.87
0.940.170.530.90.770.850.850.810.08-0.660.410.720.120.390.40.810.910.830.410.780.80.720.950.820.9
0.36-0.15-0.120.380.220.210.230.270.23-0.220.80.27-0.12-0.180.120.430.290.140.410.150.640.040.360.070.12
0.67-0.080.510.820.980.950.910.87-0.08-0.340.160.920.00.50.250.60.610.710.780.150.470.550.860.770.86
0.780.070.270.830.440.580.650.50.29-0.80.680.54-0.070.050.330.930.780.750.80.640.470.740.610.740.61
0.750.20.540.760.430.60.70.520.07-0.860.270.460.110.320.370.850.80.890.720.040.550.740.560.940.74
0.870.150.550.830.860.890.850.89-0.04-0.460.290.740.180.490.390.640.810.720.950.360.860.610.560.710.9
0.790.170.580.890.690.820.860.70.03-0.80.240.710.060.40.390.880.820.930.820.070.770.740.940.710.89
0.850.310.650.860.840.930.90.87-0.09-0.630.140.740.150.540.460.730.830.870.90.120.860.610.740.90.89
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Sichuan Hebang Account Relationship Matchups

Sichuan Hebang fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets14.5B14.7B17.9B24.1B24.5B12.9B
Other Current Liab108.7M149.4M574.4M377.3M9.7M9.2M
Total Current Liabilities2.8B3.2B3.1B3.7B3.7B2.5B
Total Stockholder Equity11.2B11.1B14.2B19.1B19.6B20.6B
Other Liab20.1M18.2M56.8M175.1M201.3M211.4M
Retained Earnings2.6B2.6B5.6B9.3B9.6B10.1B
Accounts Payable971.1M1.0B1.2B1.9B1.9B2.0B
Cash590.5M845.9M1.7B4.6B3.1B3.2B
Other Assets466.0M341.1M450.3M242.1M278.5M396.5M
Long Term Debt226M262.4M68.1M408.5M431.2M520.4M
Net Receivables1.1B518.9M497.6M778.0M977.6M753.3M
Inventory1.3B633.3M912.2M2.1B4.4B4.6B
Other Current Assets228.8M142.0M287.8M460.2M112.9M107.3M
Total Liab3.0B3.4B3.3B4.3B4.3B3.3B
Intangible Assets1.1B1.0B2.0B2.2B824.9M1.1B
Property Plant Equipment7.2B7.5B8.3B9.5B10.9B5.5B
Net Tangible Assets8.2B8.2B10.4B15.1B17.4B9.7B
Other Stockholder Equity11.3M(1.2M)1.9M29.5M26.5M15.7M
Deferred Long Term Liab9.7M9.8M7.3M34.0M39.1M41.1M
Short Long Term Debt1.6B1.6B1.2B1.2B1.2B1.1B
Total Current Assets3.5B3.3B4.6B9.7B9.9B5.4B
Non Current Assets Total11.0B11.4B13.3B14.4B14.7B12.8B
Non Currrent Assets Other511.4M245.3M417.2M97.8M142.2M135.1M
Short Term Investments12.2M34.0M206.0M56.9M51.2M48.6M
Non Current Liabilities Total246.1M280.6M161.9M605.1M654.1M361.2M
Net Invested Capital13.1B13.0B15.5B20.7B21.2B16.9B
Net Working Capital706.8M165.6M1.5B6.0B6.2B6.5B

Currently Active Assets on Macroaxis

Other Information on Investing in Sichuan Stock

Balance Sheet is a snapshot of the financial position of Sichuan Hebang Biote at a specified time, usually calculated after every quarter, six months, or one year. Sichuan Hebang Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Sichuan Hebang 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 Sichuan currently owns. An asset can also be divided into two categories, current and non-current.