The9 Cash And Short Term Investments vs Other Stockholder Equity Analysis
| NCTY Stock | USD 6.96 0.04 0.57% |
The9 financial indicator trend analysis is much more than just breaking down The9 Ltd ADR prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether The9 Ltd ADR is a good investment. Please check the relationship between The9 Cash And Short Term Investments and its Other Stockholder Equity accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in The9 Ltd ADR. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate.
Cash And Short Term Investments vs Other Stockholder Equity
Cash And Short Term Investments vs Other Stockholder Equity Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of The9 Ltd ADR Cash And Short Term Investments account and Other Stockholder Equity. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between The9's Cash And Short Term Investments and Other Stockholder Equity is -0.02. Overlapping area represents the amount of variation of Cash And Short Term Investments that can explain the historical movement of Other Stockholder Equity in the same time period over historical financial statements of The9 Ltd ADR, assuming nothing else is changed. The correlation between historical values of The9's Cash And Short Term Investments 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 Cash And Short Term Investments of The9 Ltd ADR 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 Cash And Short Term Investments i.e., The9's Cash And Short Term Investments and Other Stockholder Equity go up and down completely randomly.
Correlation Coefficient | -0.02 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Cash And Short Term Investments
Short Term Investments is an account in the current assets section of The9 Ltd ADR balance sheet. This account contains The9 investments that will expire within one year. These investments include stocks and bonds that can be liquidated by The9 Ltd ADR fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.Other Stockholder Equity
Most indicators from The9's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into The9 Ltd ADR 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 The9 Ltd ADR. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. At this time, The9's Enterprise Value Over EBITDA is fairly stable compared to the past year. Enterprise Value Multiple is likely to rise to 7.11 in 2024, whereas Selling General Administrative is likely to drop slightly above 166.1 M in 2024.
| 2021 | 2022 | 2023 | 2024 (projected) | Total Operating Expenses | 317.1M | 497.4M | 206.8M | 288.9M | Cost Of Revenue | 88.0M | 184.6M | 211.9M | 155.2M |
The9 fundamental ratios Correlations
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The9 Account Relationship Matchups
High Positive Relationship
High Negative Relationship
The9 fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Total Assets | 181.5M | 48.4M | 1.3B | 599.1M | 363.7M | 345.5M | |
| Short Long Term Debt Total | 541.3M | 6.3M | 99.7M | 74.2M | 75.1M | 71.3M | |
| Other Current Liab | 389.0M | 287.0M | 388.3M | 313.7M | 85.0M | 80.7M | |
| Total Current Liabilities | 1.1B | 364.4M | 544.3M | 564.2M | 162.9M | 154.7M | |
| Total Stockholder Equity | (839.0M) | (287.7M) | 776.5M | 45.3M | 206.3M | 394.4M | |
| Property Plant And Equipment Net | 10.5M | 6.1M | 179.3M | 154.9M | 101.2M | 67.5M | |
| Current Deferred Revenue | 95.8M | 38.0M | 19.0M | 17.7M | 12.7M | 12.1M | |
| Net Debt | 531.2M | (25.4M) | (328.7M) | 16.1M | 29.9M | 31.4M | |
| Retained Earnings | (3.4B) | (3.0B) | (3.4B) | (4.4B) | (4.4B) | (4.1B) | |
| Accounts Payable | 38.2M | 35.6M | 39.9M | 165.9M | 9.6M | 9.1M | |
| Cash | 10.1M | 31.7M | 428.4M | 58.1M | 45.2M | 43.0M | |
| Non Current Assets Total | 27.0M | 6.1M | 259.8M | 201.4M | 140.9M | 241.0M | |
| Cash And Short Term Investments | 10.1M | 31.7M | 429.2M | 58.1M | 45.2M | 43.0M | |
| Net Receivables | 869.2K | 735.7K | 66.0M | 5.4M | 6.9M | 6.6M | |
| Common Stock Total Equity | 3.3M | 6.5M | 8.0M | 18.1M | 20.8M | 21.9M | |
| Common Stock Shares Outstanding | 3.5M | 5.5M | 16.5M | 24.0M | 3.4M | 3.3M | |
| Liabilities And Stockholders Equity | 181.5M | 48.4M | 1.3B | 599.1M | 363.7M | 345.5M | |
| Non Current Liabilities Total | 355.3M | 351.5M | 2.6M | 7.4M | 19.5M | 18.6M | |
| Inventory | 134.6M | 27.7K | 469.1M | 267.8M | 82.9M | 90.5M | |
| Other Current Assets | 8.8M | 9.9M | 86.1M | 66.3M | 87.7M | 92.1M | |
| Other Stockholder Equity | 2.5B | 2.7B | 4.1B | 4.4B | 4.5B | 2.3B | |
| Total Liab | 1.4B | 715.9M | 546.9M | 571.6M | 182.4M | 173.3M | |
| Property Plant And Equipment Gross | 10.5M | 6.1M | 238.1M | 292.8M | 293.5M | 308.2M | |
| Total Current Assets | 154.5M | 42.3M | 1.1B | 397.7M | 222.8M | 211.7M | |
| Accumulated Other Comprehensive Income | 24.3M | (9.4M) | (5.4M) | (5.2M) | (4.4M) | (4.2M) | |
| Short Term Debt | 535.1M | 3.8M | 97.2M | 66.8M | 55.6M | 52.8M | |
| Common Stock | 8.0M | 18.1M | 46.2M | 57.6M | 96.3M | 101.1M | |
| Property Plant Equipment | 17.4M | 10.5M | 6.1M | 154.9M | 178.1M | 187.1M | |
| Net Tangible Assets | (774.2M) | (839.0M) | (287.7M) | 45.3M | 40.8M | 42.8M | |
| Long Term Investments | 10M | 0.0 | 73.9M | 35.3M | 35.3M | 34.0M | |
| Capital Lease Obligations | 9.7M | 6.3M | 6.9M | 13.2M | 7.2M | 4.7M | |
| Short Long Term Debt | 487.7M | 531.7M | 92.8M | 61.0M | 51.2M | 48.6M |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether The9 Ltd ADR offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of The9's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of The9 Ltd Adr Stock. Outlined below are crucial reports that will aid in making a well-informed decision on The9 Ltd Adr Stock:Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in The9 Ltd ADR. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. You can also try the Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.
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When running The9's price analysis, check to measure The9's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy The9 is operating at the current time. Most of The9's value examination focuses on studying past and present price action to predict the probability of The9's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move The9's price. Additionally, you may evaluate how the addition of The9 to your portfolios can decrease your overall portfolio volatility.
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Is The9's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of The9. If investors know The9 will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about The9 listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (5.82) | Revenue Per Share 53.136 | Quarterly Revenue Growth 0.286 | Return On Assets (0.20) | Return On Equity (1.38) |
The market value of The9 Ltd ADR is measured differently than its book value, which is the value of The9 that is recorded on the company's balance sheet. Investors also form their own opinion of The9's value that differs from its market value or its book value, called intrinsic value, which is The9's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because The9's market value can be influenced by many factors that don't directly affect The9's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between The9's value and its price as these two are different measures arrived at by different means. Investors typically determine if The9 is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, The9's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.