Tianneng Net Debt vs Short Long Term Debt Total Analysis

688819 Stock   28.41  0.75  2.71%   
Tianneng Battery financial indicator trend analysis is much more than just breaking down Tianneng Battery prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Tianneng Battery is a good investment. Please check the relationship between Tianneng Battery Net Debt and its Short Long Term Debt Total accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Tianneng Battery 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 board of governors.

Net Debt vs Short Long Term Debt Total

Net Debt vs Short Long Term Debt Total Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Tianneng Battery Net Debt account and Short Long Term Debt Total. At this time, the significance of the direction appears to have significant contrarian relationship.
Net DebtShort Long Term Debt TotalDiversified AwayNet DebtShort Long Term Debt TotalDiversified Away100%
The correlation between Tianneng Battery's Net Debt and Short Long Term Debt Total is -0.3. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Short Long Term Debt Total in the same time period over historical financial statements of Tianneng Battery Group, assuming nothing else is changed. The correlation between historical values of Tianneng Battery's Net Debt and Short Long Term Debt 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 Net Debt of Tianneng Battery Group are associated (or correlated) with its Short Long Term Debt Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Long Term Debt Total has no effect on the direction of Net Debt i.e., Tianneng Battery's Net Debt and Short Long Term Debt Total go up and down completely randomly.

Correlation Coefficient

-0.3
Relationship DirectionNegative 
Relationship StrengthInsignificant

Net Debt

The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.

Short Long Term Debt Total

Most indicators from Tianneng Battery's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Tianneng Battery 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 Tianneng Battery 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 board of governors.
The current year's Selling General Administrative is expected to grow to about 1.6 B, whereas Tax Provision is forecasted to decline to about 475.2 M.
 2021 2022 2023 2024 (projected)
Interest Expense170.4M218.7M195.3M203.0M
Depreciation And Amortization856.1M1.2B1.4B741.6M

Tianneng Battery fundamental ratios Correlations

0.50.010.980.990.9-0.940.980.980.980.960.560.98-0.470.960.250.550.97-0.750.920.980.990.670.990.950.75
0.5-0.470.50.470.69-0.30.480.490.480.64-0.040.47-0.320.53-0.220.650.410.050.440.540.430.910.40.30.38
0.01-0.470.070.0-0.33-0.08-0.050.090.05-0.210.410.070.65-0.230.58-0.660.1-0.25-0.210.020.11-0.240.110.07-0.46
0.980.50.070.930.87-0.90.940.970.930.920.460.94-0.480.90.30.470.98-0.730.871.00.980.710.950.920.74
0.990.470.00.930.89-0.950.980.970.990.950.640.98-0.430.970.240.560.93-0.760.930.940.980.620.990.950.72
0.90.69-0.330.870.89-0.750.930.850.850.980.260.85-0.550.95-0.020.820.86-0.580.820.90.840.730.830.840.81
-0.94-0.3-0.08-0.9-0.95-0.75-0.91-0.94-0.97-0.85-0.73-0.950.5-0.9-0.37-0.38-0.890.77-0.95-0.9-0.97-0.5-0.98-0.92-0.71
0.980.48-0.050.940.980.93-0.910.950.950.970.490.95-0.490.970.190.660.95-0.730.890.960.960.60.960.940.8
0.980.490.090.970.970.85-0.940.950.970.920.570.95-0.420.910.20.470.97-0.770.90.970.980.670.980.930.7
0.980.480.050.930.990.85-0.970.950.970.920.690.99-0.420.940.330.490.91-0.710.930.940.980.650.990.920.67
0.960.64-0.210.920.950.98-0.850.970.920.920.390.92-0.530.980.070.740.92-0.650.880.950.920.730.920.90.8
0.56-0.040.410.460.640.26-0.730.490.570.690.390.690.070.490.56-0.120.44-0.560.580.430.620.170.660.580.1
0.980.470.070.940.980.85-0.950.950.950.990.920.69-0.380.940.380.460.9-0.720.90.940.980.660.980.930.65
-0.47-0.320.65-0.48-0.43-0.550.5-0.49-0.42-0.42-0.530.07-0.38-0.60.15-0.54-0.450.31-0.69-0.51-0.44-0.34-0.42-0.44-0.89
0.960.53-0.230.90.970.95-0.90.970.910.940.980.490.94-0.60.120.690.9-0.720.940.920.930.640.930.930.84
0.25-0.220.580.30.24-0.02-0.370.190.20.330.070.560.380.150.12-0.380.18-0.210.160.250.330.070.310.27-0.1
0.550.65-0.660.470.560.82-0.380.660.470.490.74-0.120.46-0.540.69-0.380.49-0.160.530.530.450.460.460.450.72
0.970.410.10.980.930.86-0.890.950.970.910.920.440.9-0.450.90.180.49-0.810.850.980.970.60.950.940.76
-0.750.05-0.25-0.73-0.76-0.580.77-0.73-0.77-0.71-0.65-0.56-0.720.31-0.72-0.21-0.16-0.81-0.7-0.71-0.78-0.21-0.78-0.9-0.56
0.920.44-0.210.870.930.82-0.950.890.90.930.880.580.9-0.690.940.160.530.85-0.70.880.910.580.920.880.83
0.980.540.021.00.940.9-0.90.960.970.940.950.430.94-0.510.920.250.530.98-0.710.880.970.720.950.920.77
0.990.430.110.980.980.84-0.970.960.980.980.920.620.98-0.440.930.330.450.97-0.780.910.970.631.00.950.71
0.670.91-0.240.710.620.73-0.50.60.670.650.730.170.66-0.340.640.070.460.6-0.210.580.720.630.590.520.42
0.990.40.110.950.990.83-0.980.960.980.990.920.660.98-0.420.930.310.460.95-0.780.920.951.00.590.950.7
0.950.30.070.920.950.84-0.920.940.930.920.90.580.93-0.440.930.270.450.94-0.90.880.920.950.520.950.73
0.750.38-0.460.740.720.81-0.710.80.70.670.80.10.65-0.890.84-0.10.720.76-0.560.830.770.710.420.70.73
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Tianneng Battery Account Relationship Matchups

Tianneng Battery fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets18.0B19.6B26.7B32.4B35.8B24.3B
Short Long Term Debt Total1.7B873.9M1.6B2.8B3.2B2.1B
Other Current Liab4.8B5.6B4.7B5.0B478.4M454.5M
Total Current Liabilities11.2B10.7B12.3B16.4B17.5B13.1B
Total Stockholder Equity4.9B6.7B12.3B13.7B15.4B8.8B
Property Plant And Equipment Net4.3B4.5B5.4B7.1B11.0B6.1B
Net Debt(2.6B)(4.0B)(8.6B)(8.3B)(7.5B)(7.1B)
Retained Earnings2.8B4.4B5.1B6.4B8.1B4.8B
Accounts Payable4.8B4.9B6.3B9.1B8.2B6.0B
Cash4.4B4.9B10.3B11.1B11.3B7.4B
Non Current Assets Total5.6B6.0B7.7B10.1B13.4B7.9B
Non Currrent Assets Other277.1M336.7M2.2B1.1B295.8M281.0M
Cash And Short Term Investments5.2B5.4B11.7B11.3B13.0B7.3B
Common Stock Shares Outstanding828.7M857.1M964.3M972.1M1.1B960.4M
Short Term Investments804.6M483.1M1.5B240M220M209M
Liabilities And Stockholders Equity18.0B19.6B26.7B32.4B37.2B22.0B
Non Current Liabilities Total1.4B1.8B1.6B1.9B2.7B2.0B
Inventory3.5B4.0B3.7B5.6B5.7B4.1B
Other Current Assets257.0M321.6M403.7M593.4M567.3M1.1B
Other Stockholder Equity1.3B1.4B6.2B6.4B7.3B7.7B
Total Liab12.6B12.5B13.9B18.3B20.2B15.1B
Total Current Assets12.4B13.7B19.0B22.3B22.4B16.3B
Short Term Debt1.6B249.3M1.3B2.3B2.6B1.5B
Intangible Assets563.9M667.5M958.1M1.1B1.1B786.4M

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Other Information on Investing in Tianneng Stock

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