Mingchen Historical Balance Sheet

002919 Stock   15.43  0.13  0.84%   
Trend analysis of Mingchen Health Co balance sheet accounts such as Short Long Term Debt Total of 48.5 M, Other Current Liabilities of 24.4 M or Total Current Liabilities of 256.6 M provides information on Mingchen Health's total assets, liabilities, and equity, which is the actual value of Mingchen Health to its prevalent stockholders. By breaking down trends over time using Mingchen Health balance sheet statements, investors will see what precisely the company owns and what it owes to creditors or other parties at the end of each accounting year.
 
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Financial Statement Analysis is much more than just reviewing and examining Mingchen Health latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Mingchen Health is a good buy for the upcoming year.

Mingchen Health Inventory

181.88 Million

  
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Mingchen Health Co. 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.

About Mingchen Balance Sheet Analysis

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

Mingchen Health Balance Sheet Chart

At present, Mingchen Health's Retained Earnings are projected to increase significantly based on the last few years of reporting. The current year's Cash is expected to grow to about 220.9 M, whereas Total Assets are forecasted to decline to about 814.1 M.

Total Assets

Total assets refers to the total amount of Mingchen Health 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 Mingchen Health 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.

Total Current Liabilities

Total Current Liabilities is an item on Mingchen Health balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Mingchen Health Co are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.
Most accounts from Mingchen Health's balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts one by one will only give a small insight into Mingchen Health current financial condition. On the other hand, looking into the entire matrix of balance sheet accounts, 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 Mingchen Health Co. 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.
At present, Mingchen Health's Retained Earnings are projected to increase significantly based on the last few years of reporting. The current year's Cash is expected to grow to about 220.9 M, whereas Total Assets are forecasted to decline to about 814.1 M.
 2021 2022 2023 2024 (projected)
Short and Long Term Debt Total24.4M87.8M53.1M48.5M
Total Assets970.3M1.2B1.3B814.1M

Mingchen Health balance sheet Correlations

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0.740.810.190.510.820.780.260.650.93-0.10.880.08-0.160.730.390.850.72-0.180.11.00.50.310.870.780.3
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0.680.820.110.820.510.580.340.650.77-0.160.930.32-0.210.70.320.980.43-0.130.110.870.370.410.910.690.19
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0.850.51-0.440.650.80.650.880.030.670.190.790.330.20.980.640.70.4-0.070.450.670.740.340.740.840.37
0.830.830.180.930.660.770.750.060.670.080.850.060.020.710.590.820.810.060.340.930.670.060.850.840.27
0.370.090.07-0.10.52-0.160.07-0.970.190.080.010.20.960.10.58-0.030.17-0.130.75-0.10.59-0.64-0.040.250.31
0.870.8-0.010.880.730.930.780.170.790.850.010.380.00.840.550.970.47-0.120.330.910.620.360.880.850.36
0.34-0.05-0.090.080.380.320.21-0.180.330.060.20.380.120.350.270.38-0.19-0.130.270.130.24-0.010.050.18-0.22
0.390.07-0.03-0.160.56-0.210.08-0.920.20.020.960.00.120.110.65-0.080.1-0.090.79-0.150.62-0.57-0.080.280.51
0.840.56-0.360.730.760.70.890.120.980.710.10.840.350.110.60.750.42-0.120.390.750.690.40.780.820.37
0.850.5-0.070.390.920.320.54-0.480.640.590.580.550.270.650.60.450.50.30.910.410.94-0.350.420.730.5
0.780.850.140.850.620.980.630.210.70.82-0.030.970.38-0.080.750.450.49-0.110.250.890.490.310.910.740.23
0.570.690.430.720.430.430.48-0.080.40.810.170.47-0.190.10.420.50.490.180.310.70.54-0.290.640.570.16
0.070.01-0.07-0.180.16-0.13-0.130.06-0.070.06-0.13-0.12-0.13-0.09-0.120.3-0.110.180.37-0.170.2-0.34-0.09-0.05-0.3
0.690.35-0.070.10.840.110.29-0.680.450.340.750.330.270.790.390.910.250.310.370.130.85-0.50.210.510.36
0.760.830.181.00.540.870.770.260.670.93-0.10.910.13-0.150.750.410.890.7-0.170.130.510.320.890.790.3
0.920.5-0.20.50.970.370.73-0.470.740.670.590.620.240.620.690.940.490.540.20.850.51-0.220.480.850.51
0.040.07-0.510.31-0.090.410.40.750.340.06-0.640.36-0.01-0.570.4-0.350.31-0.29-0.34-0.50.32-0.220.320.180.14
0.720.910.120.870.540.910.630.260.740.85-0.040.880.05-0.080.780.420.910.64-0.090.210.890.480.320.730.3
0.940.66-0.220.780.870.690.9-0.090.840.840.250.850.180.280.820.730.740.57-0.050.510.790.850.180.730.6
0.490.38-0.170.30.510.190.43-0.210.370.270.310.36-0.220.510.370.50.230.16-0.30.360.30.510.140.30.6
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Mingchen Health Account Relationship Matchups

Mingchen Health balance sheet Accounts

201920202021202220232024 (projected)
Total Assets699.6M879.2M970.3M1.2B1.3B814.1M
Other Current Liab72.5M11.4M10.5M134.3M25.7M24.4M
Total Current Liabilities134.1M220.9M193.2M443.1M436.7M256.6M
Total Stockholder Equity565.4M655.5M757.8M739.2M809.9M546.3M
Property Plant And Equipment Net58.8M56.4M82.3M146.9M97.7M79.2M
Net Debt(321.5M)(159.7M)(226.5M)(48.1M)(115.9M)(121.7M)
Retained Earnings102.0M190.8M286.3M274.1M340.9M357.9M
Accounts Payable61.6M70.2M77.2M183.2M195.2M103.2M
Cash321.5M198.7M250.9M135.9M169.0M220.9M
Non Current Assets Total86.5M215.4M298.5M604.2M416.5M209.3M
Non Currrent Assets Other216.7K2.1M65.7M21.5M572.5K543.9K
Cash And Short Term Investments424.3M313.6M262.9M135.9M169.0M247.0M
Net Receivables28.2M210.9M269.6M304.3M334.6M351.4M
Common Stock Shares Outstanding167.6M224.9M222.3M219.5M219.9M199.3M
Liabilities And Stockholders Equity699.6M879.2M970.3M1.2B1.3B814.1M
Non Current Liabilities Total0.02.8M19.3M60.7M27.4M13.8M
Inventory160.6M137.5M133.0M191.3M208.3M181.9M
Other Current Assets86.5K1.9M6.4M7.3M9.1M8.6M
Other Stockholder Equity378.2M323.2M323.2M274.4M215.9M261.8M
Total Liab134.1M223.7M212.5M503.8M464.1M267.9M
Total Current Assets613.1M663.8M671.8M638.9M857.6M604.8M
Intangible Assets5.5M14.9M8.0M274.0M150.4M157.9M
Net Tangible Assets559.9M522.9M632.1M338.4M389.1M536.3M
Other Assets15.4M16.0M1.090.5M56.4M0.95
Short Term Investments102.8M114.9M12.0M3.5M5.2M4.9M
Deferred Long Term Liab4.8M8.9M3.7M16.6M19.1M20.0M
Property Plant Equipment58.8M56.4M82.3M146.9M168.9M177.3M
Net Invested Capital565.4M694.5M757.8M739.2M809.9M731.5M
Net Working Capital479.0M442.9M478.6M195.8M420.9M337.4M

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Other Information on Investing in Mingchen Stock

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