Niutech Long Term Debt vs Deferred Long Term Liab Analysis

688309 Stock   14.20  0.38  2.61%   
Niutech Environment financial indicator trend analysis is infinitely more than just investigating Niutech Environment recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Niutech Environment is a good investment. Please check the relationship between Niutech Environment Long Term Debt and its Deferred Long Term Liab accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Niutech Environment Technology. 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.

Long Term Debt vs Deferred Long Term Liab

Long Term Debt vs Deferred Long Term Liab Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Niutech Environment Long Term Debt account and Deferred Long Term Liab. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Niutech Environment's Long Term Debt and Deferred Long Term Liab is -0.29. Overlapping area represents the amount of variation of Long Term Debt that can explain the historical movement of Deferred Long Term Liab in the same time period over historical financial statements of Niutech Environment Technology, assuming nothing else is changed. The correlation between historical values of Niutech Environment's Long Term Debt and Deferred Long Term Liab 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 Niutech Environment Technology are associated (or correlated) with its Deferred Long Term Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Deferred Long Term Liab has no effect on the direction of Long Term Debt i.e., Niutech Environment's Long Term Debt and Deferred Long Term Liab go up and down completely randomly.

Correlation Coefficient

-0.29
Relationship DirectionNegative 
Relationship StrengthInsignificant

Long Term Debt

Long-term debt is a debt that Niutech Environment has held for over one year. Long-term debt appears on Niutech Environment Technology 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 Niutech Environment Technology 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.

Deferred Long Term Liab

Liabilities that are due after more than one year, including deferred tax liabilities and deferred revenue.
Most indicators from Niutech Environment's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Niutech Environment 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 Niutech Environment Technology. 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.
As of December 4, 2024, Tax Provision is expected to decline to about 1.8 M. In addition to that, Selling General Administrative is expected to decline to about 13.7 M
 2021 2022 2023 2024 (projected)
Gross Profit39.8M70.2M89.6M85.0M
Total Revenue84.6M165.3M163.9M177.2M

Niutech Environment fundamental ratios Correlations

-0.210.611.00.990.960.880.860.93-0.78-0.23-0.420.850.98-0.80.140.590.590.990.980.950.90.970.870.880.86
-0.210.49-0.29-0.31-0.01-0.24-0.23-0.18-0.36-0.830.08-0.09-0.01-0.410.460.560.49-0.3-0.22-0.330.11-0.01-0.15-0.15-0.14
0.610.490.530.520.730.710.410.7-0.92-0.78-0.410.420.74-0.880.60.861.00.520.530.390.770.740.710.640.54
1.0-0.290.531.00.940.860.870.9-0.72-0.15-0.40.860.95-0.750.080.520.511.00.990.970.870.950.840.860.85
0.99-0.310.521.00.920.870.860.91-0.7-0.11-0.380.830.95-0.720.060.510.491.00.970.960.850.950.830.850.84
0.96-0.010.730.940.920.860.770.87-0.88-0.47-0.390.890.98-0.890.380.640.710.930.950.90.990.980.830.940.93
0.88-0.240.710.860.870.860.610.93-0.73-0.22-0.490.620.88-0.670.330.490.70.860.810.750.820.880.870.890.78
0.86-0.230.410.870.860.770.610.82-0.67-0.09-0.290.670.81-0.68-0.10.580.390.870.840.840.70.810.760.590.63
0.93-0.180.70.90.910.870.930.82-0.81-0.21-0.50.60.92-0.750.20.640.690.90.840.780.820.920.930.80.73
-0.78-0.36-0.92-0.72-0.7-0.88-0.73-0.67-0.810.720.47-0.64-0.880.96-0.55-0.85-0.91-0.71-0.72-0.61-0.91-0.87-0.82-0.77-0.72
-0.23-0.83-0.78-0.15-0.11-0.47-0.22-0.09-0.210.720.06-0.35-0.410.72-0.76-0.68-0.78-0.14-0.22-0.09-0.58-0.41-0.23-0.37-0.38
-0.420.08-0.41-0.4-0.38-0.39-0.49-0.29-0.50.470.06-0.24-0.460.42-0.08-0.34-0.42-0.4-0.36-0.31-0.37-0.41-0.75-0.47-0.29
0.85-0.090.420.860.830.890.620.670.6-0.64-0.35-0.240.84-0.740.220.40.390.860.920.920.880.840.590.840.9
0.98-0.010.740.950.950.980.880.810.92-0.88-0.41-0.460.84-0.90.280.70.720.950.950.890.951.00.870.90.87
-0.8-0.41-0.88-0.75-0.72-0.89-0.67-0.68-0.750.960.720.42-0.74-0.9-0.42-0.89-0.86-0.74-0.78-0.68-0.91-0.89-0.76-0.74-0.71
0.140.460.60.080.060.380.33-0.10.2-0.55-0.76-0.080.220.28-0.420.220.60.080.10.00.510.290.190.50.5
0.590.560.860.520.510.640.490.580.64-0.85-0.68-0.340.40.7-0.890.220.850.520.530.410.650.70.640.40.35
0.590.491.00.510.490.710.70.390.69-0.91-0.78-0.420.390.72-0.860.60.850.50.510.360.750.710.70.620.52
0.99-0.30.521.01.00.930.860.870.9-0.71-0.14-0.40.860.95-0.740.080.520.50.990.970.870.950.840.870.85
0.98-0.220.530.990.970.950.810.840.84-0.72-0.22-0.360.920.95-0.780.10.530.510.990.990.90.950.790.870.87
0.95-0.330.390.970.960.90.750.840.78-0.61-0.09-0.310.920.89-0.680.00.410.360.970.990.830.890.730.830.85
0.90.110.770.870.850.990.820.70.82-0.91-0.58-0.370.880.95-0.910.510.650.750.870.90.830.950.790.940.93
0.97-0.010.740.950.950.980.880.810.92-0.87-0.41-0.410.841.0-0.890.290.70.710.950.950.890.950.850.890.87
0.87-0.150.710.840.830.830.870.760.93-0.82-0.23-0.750.590.87-0.760.190.640.70.840.790.730.790.850.790.67
0.88-0.150.640.860.850.940.890.590.8-0.77-0.37-0.470.840.9-0.740.50.40.620.870.870.830.940.890.790.97
0.86-0.140.540.850.840.930.780.630.73-0.72-0.38-0.290.90.87-0.710.50.350.520.850.870.850.930.870.670.97
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Niutech Environment Account Relationship Matchups

Niutech Environment fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets349.7M783.0M757.6M829.3M852.1M630.9M
Other Current Liab61.5M11.7M22.4M9.6M17.8M29.4M
Total Current Liabilities116.5M64.8M49.5M112.0M121.1M99.2M
Total Stockholder Equity226.7M711.6M702.4M711.7M725.5M524.7M
Net Tangible Assets198.3M683.8M675.3M669.9M770.3M453.2M
Retained Earnings145.6M189.4M175.0M189.6M177.2M153.9M
Accounts Payable40.4M47.8M24.6M60.5M79.3M42.9M
Cash21.8M94.6M214.4M202.4M133.6M123.5M
Non Current Assets Total130.2M154.1M215.5M302.0M368.1M209.3M
Non Currrent Assets Other600.8K7.2M2.6M141.2K127.1K120.7K
Other Assets6.8M17.1M16.9M15.9M18.3M15.2M
Net Receivables72.1M138.5M114.6M76.8M60.5M84.9M
Non Current Liabilities Total6.4M6.5M5.6M5.6M5.6M5.1M
Inventory122.0M14.1M22.3M22.2M35.8M30.4M
Other Current Assets3.5M3.4M5.2M8.5M8.1M6.9M
Total Liab123.0M71.3M55.1M117.6M126.7M106.2M
Net Invested Capital236.7M711.6M702.4M711.7M725.5M528.0M
Total Current Assets219.5M628.9M542.1M527.3M484.0M421.5M
Net Working Capital103.0M564.0M492.6M415.3M362.9M322.4M
Intangible Assets28.4M27.8M27.2M26.6M26.0M24.0M
Property Plant Equipment84.9M104.4M132.6M222.4M255.7M268.5M
Other Liab6.4M6.5M5.6M5.6M6.4M6.1M

Currently Active Assets on Macroaxis

Other Information on Investing in Niutech Stock

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