The9 Total Assets vs Capital Stock Analysis

NCTY Stock  USD 15.25  0.65  4.45%   
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 Total Assets and its Capital Stock 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 closely tied with the direction of predictive economic indicators such as signals in estimate.

Total Assets vs Capital Stock

Total Assets vs Capital Stock Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of The9 Ltd ADR Total Assets account and Capital Stock. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between The9's Total Assets and Capital Stock is -0.03. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Capital Stock 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 Total Assets and Capital 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 Total Assets of The9 Ltd ADR are associated (or correlated) with its Capital Stock. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capital Stock has no effect on the direction of Total Assets i.e., The9's Total Assets and Capital Stock go up and down completely randomly.

Correlation Coefficient

-0.03
Relationship DirectionNegative 
Relationship StrengthInsignificant

Total Assets

Total assets refers to the total amount of The9 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 The9 Ltd ADR 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.

Capital Stock

The total amount of a company's capital funded by shareholders through the issue and subscription of shares.
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 closely tied with the direction of predictive economic indicators such as signals in estimate.
Selling General Administrative is likely to drop to about 166.1 M in 2024. Issuance Of Capital Stock is expected to grow at the current pace this year
 2021 2022 2023 2024 (projected)
Interest Expense119.2M23.2M31.4M29.2M
Depreciation And Amortization47.4M91.4M86.9M55.6M

The9 fundamental ratios Correlations

-0.010.02-0.140.850.56-0.04-0.840.240.380.910.750.670.070.910.28-0.090.21-0.16-0.490.470.480.23-0.270.090.96
-0.010.330.75-0.42-0.440.820.310.060.560.060.150.17-0.370.050.35-0.57-0.4-0.360.55-0.24-0.37-0.140.73-0.57-0.09
0.020.330.8-0.40.230.450.35-0.510.18-0.13-0.15-0.110.3-0.13-0.030.160.58-0.50.50.450.140.540.750.020.06
-0.140.750.8-0.61-0.140.750.54-0.370.29-0.17-0.23-0.070.07-0.18-0.06-0.10.16-0.440.720.18-0.10.260.97-0.24-0.1
0.85-0.42-0.4-0.610.55-0.43-0.940.310.120.810.640.560.130.810.170.080.120.09-0.760.340.480.09-0.710.280.83
0.56-0.440.23-0.140.55-0.45-0.35-0.42-0.20.260.260.110.510.26-0.220.560.8-0.17-0.650.870.780.73-0.330.780.62
-0.040.820.450.75-0.43-0.450.26-0.030.560.06-0.040.13-0.190.060.2-0.36-0.27-0.440.68-0.16-0.36-0.040.78-0.55-0.06
-0.840.310.350.54-0.94-0.350.26-0.49-0.26-0.9-0.62-0.670.03-0.9-0.240.11-0.02-0.10.59-0.17-0.270.040.59-0.01-0.82
0.240.06-0.51-0.370.31-0.42-0.03-0.490.320.450.280.34-0.760.450.4-0.78-0.530.64-0.16-0.41-0.32-0.81-0.32-0.690.17
0.380.560.180.290.12-0.20.56-0.260.320.390.50.22-0.420.390.68-0.53-0.33-0.410.21-0.12-0.11-0.110.28-0.620.25
0.910.06-0.13-0.170.810.260.06-0.90.450.390.630.81-0.021.00.26-0.24-0.05-0.03-0.330.20.24-0.01-0.24-0.140.9
0.750.15-0.15-0.230.640.26-0.04-0.620.280.50.630.47-0.210.630.64-0.35-0.12-0.29-0.440.030.090.0-0.32-0.090.55
0.670.17-0.11-0.070.560.110.13-0.670.340.220.810.47-0.090.810.01-0.25-0.08-0.05-0.210.030.02-0.04-0.12-0.120.66
0.07-0.370.30.070.130.51-0.190.03-0.76-0.42-0.02-0.21-0.09-0.02-0.430.890.52-0.380.020.490.480.720.060.740.22
0.910.05-0.13-0.180.810.260.06-0.90.450.391.00.630.81-0.020.26-0.24-0.05-0.02-0.330.20.24-0.02-0.24-0.140.9
0.280.35-0.03-0.060.17-0.220.2-0.240.40.680.260.640.01-0.430.26-0.61-0.41-0.21-0.01-0.35-0.31-0.24-0.05-0.540.07
-0.09-0.570.16-0.10.080.56-0.360.11-0.78-0.53-0.24-0.35-0.250.89-0.24-0.610.61-0.27-0.150.540.550.69-0.120.860.06
0.21-0.40.580.160.120.8-0.27-0.02-0.53-0.33-0.05-0.12-0.080.52-0.05-0.410.61-0.14-0.260.820.520.690.020.650.32
-0.16-0.36-0.5-0.440.09-0.17-0.44-0.10.64-0.41-0.03-0.29-0.05-0.38-0.02-0.21-0.27-0.14-0.26-0.11-0.07-0.64-0.4-0.14-0.08
-0.490.550.50.72-0.76-0.650.680.59-0.160.21-0.33-0.44-0.210.02-0.33-0.01-0.15-0.26-0.26-0.35-0.43-0.10.87-0.52-0.46
0.47-0.240.450.180.340.87-0.16-0.17-0.41-0.120.20.030.030.490.2-0.350.540.82-0.11-0.350.850.640.010.630.6
0.48-0.370.14-0.10.480.78-0.36-0.27-0.32-0.110.240.090.020.480.24-0.310.550.52-0.07-0.430.850.52-0.220.620.6
0.23-0.140.540.260.090.73-0.040.04-0.81-0.11-0.010.0-0.040.72-0.02-0.240.690.69-0.64-0.10.640.520.150.670.29
-0.270.730.750.97-0.71-0.330.780.59-0.320.28-0.24-0.32-0.120.06-0.24-0.05-0.120.02-0.40.870.01-0.220.15-0.35-0.24
0.09-0.570.02-0.240.280.78-0.55-0.01-0.69-0.62-0.14-0.09-0.120.74-0.14-0.540.860.65-0.14-0.520.630.620.67-0.350.2
0.96-0.090.06-0.10.830.62-0.06-0.820.170.250.90.550.660.220.90.070.060.32-0.08-0.460.60.60.29-0.240.2
Click cells to compare fundamentals

The9 Account Relationship Matchups

The9 fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets181.5M48.4M1.3B599.1M363.7M345.5M
Short Long Term Debt Total541.3M6.3M99.7M74.2M75.1M71.3M
Other Current Liab389.0M323.7M405.7M475.1M94.2M89.5M
Total Current Liabilities1.1B364.4M544.3M564.2M162.9M154.7M
Total Stockholder Equity(839.0M)(287.7M)776.5M45.3M206.3M394.4M
Property Plant And Equipment Net10.5M6.1M179.3M154.9M101.2M67.5M
Current Deferred Revenue95.8M38.0M19.0M17.7M12.7M12.1M
Net Debt531.2M(25.4M)(328.7M)16.1M29.9M31.4M
Retained Earnings(3.4B)(3.0B)(3.4B)(4.4B)(4.4B)(4.1B)
Accounts Payable38.2M35.6M39.9M7.1M9.6M9.1M
Cash10.1M31.7M428.4M58.1M45.2M43.0M
Non Current Assets Total27.0M6.1M259.8M201.4M140.9M241.0M
Cash And Short Term Investments10.1M31.7M429.2M58.1M45.2M43.0M
Net Receivables869.2K6.7M3.7M151.4K56.1K53.3K
Common Stock Total Equity3.3M6.5M8.0M18.1M20.8M21.9M
Common Stock Shares Outstanding3.5M5.5M16.5M24.0M3.4M3.3M
Liabilities And Stockholders Equity181.5M48.4M1.3B599.1M363.7M345.5M
Non Current Liabilities Total355.3M351.5M2.6M7.4M19.5M18.6M
Inventory134.6M27.7K469.1M267.8M82.9M90.5M
Other Current Assets8.8M9.9M617.6M71.6M177.5M186.4M
Other Stockholder Equity2.5B2.7B4.1B4.4B4.5B2.3B
Total Liab1.4B715.9M546.9M571.6M182.4M173.3M
Property Plant And Equipment Gross10.5M6.1M238.1M292.8M293.5M308.2M
Total Current Assets154.5M42.3M1.1B397.7M222.8M211.7M
Accumulated Other Comprehensive Income24.3M(9.4M)(5.4M)(5.2M)(4.4M)(4.2M)
Short Term Debt535.1M3.8M97.2M80.2M57.6M54.7M
Common Stock8.0M18.1M46.2M57.6M96.3M101.1M
Property Plant Equipment17.4M10.5M6.1M154.9M178.1M187.1M
Net Tangible Assets(774.2M)(839.0M)(287.7M)45.3M40.8M42.8M
Long Term Investments10M0.073.9M35.3M35.3M34.0M
Capital Lease Obligations9.7M6.3M6.9M13.2M7.2M4.7M
Short Long Term Debt487.7M531.7M92.8M61.0M51.2M48.6M

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