Kingfa Net Debt vs Common Stock Analysis

KINGFA Stock

3,112 135.30 4.55%

Kingfa Science financial indicator trend analysis is infinitely more than just investigating Kingfa Science Technology recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Kingfa Science Technology is a good investment. Please check the relationship between Kingfa Science Net Debt and its Common Stock accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Kingfa Science 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 census.

Net Debt vs Common Stock

Net Debt vs Common Stock Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Kingfa Science Technology Net Debt account and Common Stock. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Kingfa Science's Net Debt and Common Stock is -0.25. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Common Stock in the same time period over historical financial statements of Kingfa Science Technology, assuming nothing else is changed. The correlation between historical values of Kingfa Science's Net Debt and Common Stock 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 Kingfa Science Technology are associated (or correlated) with its Common Stock. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock has no effect on the direction of Net Debt i.e., Kingfa Science's Net Debt and Common Stock go up and down completely randomly.

Correlation Coefficient

-0.25

Relationship Direction	Negative
Relationship Strength	Insignificant

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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.

Common Stock

Most indicators from Kingfa Science's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Kingfa Science Technology 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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Kingfa Science 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 census.

The current year's Tax Provision is expected to grow to about 437.6 M, whereas Selling General Administrative is forecasted to decline to about 130.4 M.

	2021	2022	2023	2024 (projected)
Interest Expense	39.5M	65.3M	56.1M	34.5M
Depreciation And Amortization	129.7M	141.4M	183.8M	193.0M

Interest Expense Depreciation And Amortization

Kingfa Science fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Common Stock	Current Deferred Revenue	Short Term Investments	Short Term Debt	Intangible Assets
Total Assets		0.0	0.66	0.96	0.97	0.96	-0.07	0.89	0.97	0.01	0.96	0.09	0.19	0.99	0.85	-0.17	0.97	0.54	0.77	0.86	0.99	0.83	0.23	-0.37	-0.23	-0.59
Short Long Term Debt Total	0.0		0.13	0.12	-0.09	0.09	0.62	-0.01	0.01	-0.17	0.08	-0.52	-0.22	-0.03	-0.14	0.02	0.02	-0.21	-0.22	0.11	-0.03	-0.22	0.14	0.25	0.83	-0.29
Other Current Liab	0.66	0.13		0.53	0.72	0.68	-0.01	0.73	0.5	0.03	0.67	-0.26	-0.01	0.66	0.55	-0.07	0.55	0.56	0.45	0.4	0.64	0.53	0.24	-0.37	-0.02	-0.47
Total Current Liabilities	0.96	0.12	0.53		0.87	0.9	-0.06	0.8	0.98	0.08	0.91	0.07	0.23	0.93	0.77	-0.21	0.97	0.46	0.66	0.94	0.96	0.73	0.35	-0.26	-0.09	-0.67
Total Stockholder Equity	0.97	-0.09	0.72	0.87		0.94	-0.07	0.91	0.9	-0.05	0.94	0.13	0.15	0.98	0.86	-0.17	0.92	0.59	0.78	0.75	0.97	0.84	0.12	-0.43	-0.32	-0.49
Property Plant And Equipment Net	0.96	0.09	0.68	0.9	0.94		0.03	0.81	0.92	-0.04	1.0	-0.1	0.12	0.93	0.85	-0.02	0.91	0.49	0.8	0.84	0.92	0.83	0.18	-0.44	-0.18	-0.61
Net Debt	-0.07	0.62	-0.01	-0.06	-0.07	0.03		0.03	-0.01	-0.87	0.02	-0.36	-0.71	-0.07	-0.22	-0.05	0.02	0.0	-0.2	-0.05	-0.1	-0.25	0.03	-0.05	0.69	0.02
Retained Earnings	0.89	-0.01	0.73	0.8	0.91	0.81	0.03		0.82	-0.15	0.81	0.26	-0.12	0.93	0.62	-0.42	0.86	0.65	0.48	0.62	0.9	0.59	0.09	-0.48	-0.1	-0.53
Accounts Payable	0.97	0.01	0.5	0.98	0.9	0.92	-0.01	0.82		-0.05	0.93	0.11	0.14	0.95	0.78	-0.17	0.99	0.49	0.73	0.92	0.96	0.77	0.32	-0.35	-0.18	-0.6
Cash	0.01	-0.17	0.03	0.08	-0.05	-0.04	-0.87	-0.15	-0.05		-0.04	0.09	0.78	-0.02	0.18	0.12	-0.09	-0.19	0.1	0.12	0.03	0.17	0.05	0.26	-0.34	-0.16
Non Current Assets Total	0.96	0.08	0.67	0.91	0.94	1.0	0.02	0.81	0.93	-0.04		-0.08	0.12	0.93	0.86	-0.02	0.92	0.48	0.81	0.84	0.92	0.83	0.17	-0.44	-0.19	-0.6
Non Currrent Assets Other	0.09	-0.52	-0.26	0.07	0.13	-0.1	-0.36	0.26	0.11	0.09	-0.08		-0.01	0.19	-0.04	-0.57	0.12	0.17	-0.07	-0.05	0.16	-0.03	-0.41	-0.04	-0.35	0.11
Cash And Short Term Investments	0.19	-0.22	-0.01	0.23	0.15	0.12	-0.71	-0.12	0.14	0.78	0.12	-0.01		0.14	0.47	0.27	0.11	-0.17	0.43	0.32	0.22	0.45	0.15	0.28	-0.51	0.03
Net Receivables	0.99	-0.03	0.66	0.93	0.98	0.93	-0.07	0.93	0.95	-0.02	0.93	0.19	0.14		0.82	-0.25	0.97	0.57	0.72	0.81	0.99	0.79	0.19	-0.38	-0.25	-0.56
Common Stock Shares Outstanding	0.85	-0.14	0.55	0.77	0.86	0.85	-0.22	0.62	0.78	0.18	0.86	-0.04	0.47	0.82		0.12	0.77	0.33	0.94	0.81	0.83	0.97	0.12	-0.3	-0.44	-0.35
Non Current Liabilities Total	-0.17	0.02	-0.07	-0.21	-0.17	-0.02	-0.05	-0.42	-0.17	0.12	-0.02	-0.57	0.27	-0.25	0.12		-0.21	-0.38	0.22	-0.04	-0.23	0.12	0.11	0.01	-0.15	0.17
Inventory	0.97	0.02	0.55	0.97	0.92	0.91	0.02	0.86	0.99	-0.09	0.92	0.12	0.11	0.97	0.77	-0.21		0.53	0.69	0.89	0.98	0.75	0.33	-0.35	-0.16	-0.59
Other Current Assets	0.54	-0.21	0.56	0.46	0.59	0.49	0.0	0.65	0.49	-0.19	0.48	0.17	-0.17	0.57	0.33	-0.38	0.53		0.33	0.32	0.56	0.46	0.09	0.01	-0.14	-0.57
Other Stockholder Equity	0.77	-0.22	0.45	0.66	0.78	0.8	-0.2	0.48	0.73	0.1	0.81	-0.07	0.43	0.72	0.94	0.22	0.69	0.33		0.73	0.73	0.96	0.13	-0.24	-0.55	-0.29
Total Liab	0.86	0.11	0.4	0.94	0.75	0.84	-0.05	0.62	0.92	0.12	0.84	-0.05	0.32	0.81	0.81	-0.04	0.89	0.32	0.73		0.85	0.78	0.4	-0.2	-0.07	-0.62
Total Current Assets	0.99	-0.03	0.64	0.96	0.97	0.92	-0.1	0.9	0.96	0.03	0.92	0.16	0.22	0.99	0.83	-0.23	0.98	0.56	0.73	0.85		0.81	0.25	-0.33	-0.25	-0.57
Common Stock	0.83	-0.22	0.53	0.73	0.84	0.83	-0.25	0.59	0.77	0.17	0.83	-0.03	0.45	0.79	0.97	0.12	0.75	0.46	0.96	0.78	0.81		0.14	-0.2	-0.5	-0.41
Current Deferred Revenue	0.23	0.14	0.24	0.35	0.12	0.18	0.03	0.09	0.32	0.05	0.17	-0.41	0.15	0.19	0.12	0.11	0.33	0.09	0.13	0.4	0.25	0.14		0.07	0.12	-0.25
Short Term Investments	-0.37	0.25	-0.37	-0.26	-0.43	-0.44	-0.05	-0.48	-0.35	0.26	-0.44	-0.04	0.28	-0.38	-0.3	0.01	-0.35	0.01	-0.24	-0.2	-0.33	-0.2	0.07		0.19	-0.03
Short Term Debt	-0.23	0.83	-0.02	-0.09	-0.32	-0.18	0.69	-0.1	-0.18	-0.34	-0.19	-0.35	-0.51	-0.25	-0.44	-0.15	-0.16	-0.14	-0.55	-0.07	-0.25	-0.5	0.12	0.19		-0.22
Intangible Assets	-0.59	-0.29	-0.47	-0.67	-0.49	-0.61	0.02	-0.53	-0.6	-0.16	-0.6	0.11	0.03	-0.56	-0.35	0.17	-0.59	-0.57	-0.29	-0.62	-0.57	-0.41	-0.25	-0.03	-0.22

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Kingfa Science Account Relationship Matchups

Kingfa Science fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	6.0B	6.7B	8.8B	10.1B	9.9B	10.4B
Short Long Term Debt Total	460.8M	699.5M	460.6M	424.3M	325.5M	441.4M
Other Current Liab	70.9M	231.5M	8.1M	121.2M	201.5M	211.6M
Total Current Liabilities	2.3B	2.8B	4.7B	5.4B	4.0B	4.2B
Total Stockholder Equity	3.5B	3.5B	3.8B	4.7B	5.9B	6.2B
Property Plant And Equipment Net	2.2B	2.5B	2.5B	2.5B	2.5B	2.7B
Net Debt	437.9M	662.1M	333.2M	400.4M	275.5M	227.4M
Retained Earnings	749.2M	803.1M	1.1B	1.9B	3.1B	3.3B
Accounts Payable	1.9B	2.2B	4.3B	4.7B	3.5B	3.6B
Cash	22.9M	37.4M	85.8M	24.0M	50.0M	47.5M
Non Current Assets Total	2.3B	2.6B	2.7B	2.7B	2.7B	2.8B
Non Currrent Assets Other	(1K)	(540.4M)	2K	67.1M	147.0M	154.3M
Cash And Short Term Investments	237.8M	247.5M	300.9M	320.4M	51.1M	48.6M
Net Receivables	2.0B	2.1B	3.2B	3.6B	4.0B	4.2B
Liabilities And Stockholders Equity	6.0B	6.7B	8.8B	10.1B	9.9B	10.4B
Non Current Liabilities Total	206.1M	325.7M	245.2M	49.2M	37.6M	35.7M
Inventory	1.1B	1.4B	2.6B	2.9B	2.4B	2.5B
Other Current Assets	309.5M	281.4M	(2K)	668.7M	740.7M	777.8M
Total Liab	2.5B	3.2B	4.9B	5.4B	4.1B	2.2B
Total Current Assets	3.6B	4.1B	6.1B	7.4B	7.3B	7.6B
Accumulated Other Comprehensive Income	(299.9M)	(384.3M)	(471.4M)	127.7M	146.9M	154.2M
Current Deferred Revenue	(325.1M)	251.0M	147.7M	209.0M	2.4M	2.2M
Short Term Investments	214.9M	210.1M	215.1M	296.4M	1.1M	1.1M
Short Term Debt	278.5M	431.3M	250.3M	394.8M	310.9M	239.5M
Intangible Assets	460K	202K	94K	47K	71K	67.5K
Other Liab	23.8M	42.9M	34.9M	19.6M	22.5M	19.5M
Net Tangible Assets	3.5B	3.5B	3.8B	4.7B	5.4B	2.8B
Other Assets	133.8M	71.2M	147.7M	112.1M	128.9M	80.6M
Long Term Debt	156.1M	166.0M	181.6M	243.8M	168.8M	0.0
Short Long Term Debt	269.4M	177.6M	240.8M	382.8M	296.4M	235.1M
Property Plant Equipment	2.2B	2.5B	2.5B	2.5B	2.9B	1.6B
Long Term Debt Total	182.3M	282.8M	210.3M	29.6M	26.6M	25.3M
Non Current Liabilities Other	11.6M	11.4M	11.3M	11.2M	12.9M	11.1M
Net Invested Capital	3.9B	4.0B	4.3B	5.0B	6.2B	4.7B
Net Working Capital	1.3B	1.3B	1.4B	2.0B	3.2B	2.1B

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Other Information on Investing in Kingfa Stock

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

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Kingfa Net Debt vs Common Stock Analysis

Net Debt vs Common Stock

Net Debt vs Common Stock Correlation Analysis

Correlation Coefficient

Net Debt

Common Stock

Kingfa Science fundamental ratios Correlations

Kingfa Science Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Kingfa Science fundamental ratios Accounts

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Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Net Receivables	+ 0.99	Total Assets
Total Current Assets	+ 0.99	Total Assets
Inventory	+ 0.99	Accounts Payable
Total Current Assets	+ 0.99	Net Receivables
Accounts Payable	+ 0.98	Total Current Liabilities

Cash	- 0.87	Net Debt
Cash And Short Term Investments	- 0.71	Net Debt
Intangible Assets	- 0.67	Total Current Liabilities
Intangible Assets	- 0.62	Total Liab
Intangible Assets	- 0.61	Property Plant And Equipment Net
Intangible Assets	- 0.6	Non Current Assets Total