Xinjiang Total Assets vs Other Stockholder Equity Analysis

688303 Stock   25.13  0.22  0.87%   
Xinjiang Daqo financial indicator trend analysis is more than just analyzing Xinjiang Daqo New current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Xinjiang Daqo New is a good investment. Please check the relationship between Xinjiang Daqo Total Assets and its Other Stockholder Equity accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Xinjiang Daqo New. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Total Assets vs Other Stockholder Equity

Total Assets vs Other Stockholder Equity Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Xinjiang Daqo New Total Assets account and Other Stockholder Equity. At this time, the significance of the direction appears to have totally related.
The correlation between Xinjiang Daqo's Total Assets and Other Stockholder Equity is 0.99. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Other Stockholder Equity in the same time period over historical financial statements of Xinjiang Daqo New, assuming nothing else is changed. The correlation between historical values of Xinjiang Daqo's Total Assets and Other 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 Total Assets of Xinjiang Daqo New are associated (or correlated) with its Other Stockholder Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Stockholder Equity has no effect on the direction of Total Assets i.e., Xinjiang Daqo's Total Assets and Other Stockholder Equity go up and down completely randomly.

Correlation Coefficient

0.99
Relationship DirectionPositive 
Relationship StrengthVery Strong

Total Assets

Total assets refers to the total amount of Xinjiang Daqo 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 Xinjiang Daqo New 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.

Other Stockholder Equity

Most indicators from Xinjiang Daqo's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Xinjiang Daqo New 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 Xinjiang Daqo New. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
The current year's Tax Provision is expected to grow to about 1.3 B, whereas Selling General Administrative is forecasted to decline to about 82.7 M.
 2021 2022 2023 2024 (projected)
Interest Expense184.1M126.1M93.3M138.3M
Depreciation And Amortization654.3M780.2M897.3M518.4M

Xinjiang Daqo fundamental ratios Correlations

-0.770.970.851.00.97-0.991.00.590.990.970.80.990.080.720.420.990.840.9-0.570.920.83-0.87-0.720.910.95
-0.77-0.75-0.55-0.79-0.710.79-0.78-0.45-0.76-0.71-0.84-0.770.38-0.76-0.53-0.8-0.49-0.740.94-0.69-0.580.690.54-0.63-0.77
0.97-0.750.920.960.96-0.930.950.720.930.960.840.950.110.820.370.960.910.85-0.520.90.88-0.89-0.730.810.89
0.85-0.550.920.830.82-0.790.820.830.790.810.850.790.310.860.030.810.990.85-0.280.710.92-0.83-0.450.680.84
1.0-0.790.960.830.96-0.991.00.550.990.970.790.990.050.710.451.00.820.9-0.60.920.81-0.85-0.730.920.95
0.97-0.710.960.820.96-0.930.960.540.931.00.710.980.070.670.530.980.820.78-0.510.980.81-0.88-0.850.870.87
-0.990.79-0.93-0.79-0.99-0.93-1.0-0.49-1.0-0.94-0.77-0.99-0.02-0.67-0.46-0.98-0.78-0.920.62-0.9-0.780.810.68-0.95-0.97
1.0-0.780.950.821.00.96-1.00.531.00.960.770.990.050.680.450.990.80.91-0.590.920.8-0.84-0.720.930.95
0.59-0.450.720.830.550.54-0.490.530.490.520.820.480.310.88-0.280.530.840.6-0.210.370.75-0.7-0.230.250.51
0.99-0.760.930.790.990.93-1.01.00.490.940.750.980.060.650.440.980.780.92-0.580.890.77-0.8-0.680.950.96
0.97-0.710.960.810.971.0-0.940.960.520.940.70.980.060.660.540.980.810.79-0.510.980.81-0.87-0.840.880.88
0.8-0.840.840.850.790.71-0.770.770.820.750.70.730.00.970.110.770.810.87-0.670.590.83-0.79-0.330.580.82
0.99-0.770.950.790.990.98-0.990.990.480.980.980.730.00.650.541.00.770.86-0.590.960.77-0.83-0.790.930.93
0.080.380.110.310.050.07-0.020.050.310.060.060.00.0-0.01-0.54-0.010.40.130.47-0.050.45-0.210.150.080.07
0.72-0.760.820.860.710.67-0.670.680.880.650.660.970.65-0.010.040.70.820.76-0.560.550.81-0.8-0.330.440.72
0.42-0.530.370.030.450.53-0.460.45-0.280.440.540.110.54-0.540.040.52-0.010.16-0.60.670.08-0.2-0.750.50.34
0.99-0.80.960.811.00.98-0.980.990.530.980.980.771.0-0.010.70.520.790.87-0.610.950.79-0.85-0.780.910.93
0.84-0.490.910.990.820.82-0.780.80.840.780.810.810.770.40.82-0.010.790.83-0.220.70.93-0.84-0.450.670.81
0.9-0.740.850.850.90.78-0.920.910.60.920.790.870.860.130.760.160.870.83-0.550.690.82-0.76-0.360.860.98
-0.570.94-0.52-0.28-0.6-0.510.62-0.59-0.21-0.58-0.51-0.67-0.590.47-0.56-0.6-0.61-0.22-0.55-0.52-0.380.470.42-0.48-0.58
0.92-0.690.90.710.920.98-0.90.920.370.890.980.590.96-0.050.550.670.950.70.69-0.520.7-0.8-0.910.860.82
0.83-0.580.880.920.810.81-0.780.80.750.770.810.830.770.450.810.080.790.930.82-0.380.7-0.89-0.440.680.82
-0.870.69-0.89-0.83-0.85-0.880.81-0.84-0.7-0.8-0.87-0.79-0.83-0.21-0.8-0.2-0.85-0.84-0.760.47-0.8-0.890.62-0.69-0.8
-0.720.54-0.73-0.45-0.73-0.850.68-0.72-0.23-0.68-0.84-0.33-0.790.15-0.33-0.75-0.78-0.45-0.360.42-0.91-0.440.62-0.63-0.51
0.91-0.630.810.680.920.87-0.950.930.250.950.880.580.930.080.440.50.910.670.86-0.480.860.68-0.69-0.630.93
0.95-0.770.890.840.950.87-0.970.950.510.960.880.820.930.070.720.340.930.810.98-0.580.820.82-0.8-0.510.93
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Xinjiang Daqo Account Relationship Matchups

Xinjiang Daqo fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets9.1B9.0B22.5B52.3B50.7B53.2B
Short Long Term Debt Total2.7B1.9B184.9M212.9M191.6M182.0M
Other Current Liab1.9B1.1B3.5B4.3B5.0B5.2B
Total Current Liabilities4.4B2.9B5.1B5.5B5.9B4.3B
Total Stockholder Equity3.3B4.7B16.5B45.5B43.9B46.1B
Property Plant And Equipment Net6.5B6.6B9.8B16.5B24.8B26.1B
Net Debt1.9B1.2B(4.4B)(23.6B)(21.2B)(20.2B)
Retained Earnings1.5B2.4B7.6B25.3B23.4B24.6B
Accounts Payable881.9M688.1M1.5B985.6M661.3M859.4M
Cash784.4M695.7M4.6B23.8B19.6B20.6B
Non Current Assets Total6.8B6.9B10.1B18.6B27.3B28.7B
Non Currrent Assets Other66.5M102.8M1.8B1.5B1.2B799.0M
Cash And Short Term Investments784.4M695.7M6.3B23.8B27.4B28.7B
Liabilities And Stockholders Equity9.1B9.0B22.5B52.3B60.1B63.1B
Non Current Liabilities Total1.4B1.4B890.3M1.2B940.8M906.6M
Inventory273.7M321.4M2.1B1.2B1.3B874.4M
Other Current Assets83.1M11.5M218.7M286.5M1.2B1.2B
Other Stockholder Equity452.1M606.4M7.0B18.1B20.8B21.8B
Total Liab5.8B4.3B6.0B6.7B6.8B5.5B
Total Current Assets2.3B2.1B12.3B33.7B23.4B12.0B
Short Term Debt1.6B1.1B184.9M212.9M191.6M182.0M
Intangible Assets194.8M199.2M256.9M553.5M1.1B1.1B

Currently Active Assets on Macroaxis

Other Information on Investing in Xinjiang Stock

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