Zhejiang Common Stock vs Other Liab Analysis

003026 Stock

38.08 0.53 1.41%

Zhejiang Mtcn financial indicator trend analysis is more than just analyzing Zhejiang Mtcn Technology current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Zhejiang Mtcn Technology is a good investment. Please check the relationship between Zhejiang Mtcn Common Stock and its Other Liab accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Zhejiang Mtcn 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 nation.

Common Stock vs Other Liab

Common Stock vs Other Liab Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Zhejiang Mtcn Technology Common Stock account and Other Liab. At this time, the significance of the direction appears to have strong relationship.

The correlation between Zhejiang Mtcn's Common Stock and Other Liab is 0.74. Overlapping area represents the amount of variation of Common Stock that can explain the historical movement of Other Liab in the same time period over historical financial statements of Zhejiang Mtcn Technology, assuming nothing else is changed. The correlation between historical values of Zhejiang Mtcn's Common Stock and Other Liab is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Common Stock of Zhejiang Mtcn Technology are associated (or correlated) with its Other Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Liab has no effect on the direction of Common Stock i.e., Zhejiang Mtcn's Common Stock and Other Liab go up and down completely randomly.

Correlation Coefficient

0.74

Relationship Direction	Positive
Relationship Strength	Significant

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Common Stock

Other Liab

Most indicators from Zhejiang Mtcn's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Zhejiang Mtcn 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Zhejiang Mtcn 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 nation.

The current year's Selling General Administrative is expected to grow to about 12.6 M, whereas Tax Provision is projected to grow to (16.5 M).

	2021	2022	2023	2024 (projected)
Interest Expense	1.1M	7.5M	10.9M	11.5M
Depreciation And Amortization	28.1M	42.9M	49.3M	51.8M

Interest Expense Depreciation And Amortization

Zhejiang Mtcn 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	Common Stock Shares Outstanding	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Intangible Assets	Common Stock	Good Will	Non Current Liabilities Total	Other Liab	Net Tangible Assets
Total Assets		0.92	0.49	0.96	0.89	0.94	-0.68	0.83	0.87	0.85	0.96	0.5	0.96	0.89	0.88	-0.33	0.98	0.95	0.9	0.66	0.88	0.88	-0.61	0.82	0.84	0.93
Short Long Term Debt Total	0.92		0.26	0.87	0.72	0.97	-0.44	0.65	0.7	0.65	0.97	0.18	0.85	0.85	0.77	-0.26	0.89	0.96	0.71	0.51	0.8	0.78	-0.75	0.95	0.8	0.8
Other Current Liab	0.49	0.26		0.49	0.66	0.28	-0.56	0.69	0.74	0.7	0.31	0.65	0.44	0.38	0.72	-0.28	0.44	0.36	0.71	0.53	0.43	0.48	0.3	0.14	0.31	0.5
Total Current Liabilities	0.96	0.87	0.49		0.8	0.92	-0.54	0.74	0.92	0.77	0.94	0.63	0.87	0.88	0.89	-0.25	0.9	0.96	0.84	0.55	0.82	0.81	-0.57	0.8	0.89	0.85
Total Stockholder Equity	0.89	0.72	0.66	0.8		0.71	-0.83	0.97	0.87	0.95	0.75	0.57	0.88	0.85	0.88	-0.29	0.91	0.73	0.99	0.85	0.9	0.95	-0.25	0.53	0.69	0.92
Property Plant And Equipment Net	0.94	0.97	0.28	0.92	0.71		-0.47	0.63	0.76	0.68	1.0	0.3	0.88	0.85	0.78	-0.35	0.9	0.99	0.72	0.44	0.8	0.76	-0.77	0.96	0.88	0.84
Net Debt	-0.68	-0.44	-0.56	-0.54	-0.83	-0.47		-0.81	-0.61	-0.9	-0.5	-0.52	-0.82	-0.49	-0.53	0.54	-0.78	-0.45	-0.81	-0.67	-0.61	-0.68	0.19	-0.28	-0.42	-0.83
Retained Earnings	0.83	0.65	0.69	0.74	0.97	0.63	-0.81		0.82	0.88	0.67	0.58	0.8	0.77	0.84	-0.26	0.84	0.65	0.95	0.92	0.88	0.88	-0.18	0.43	0.57	0.82
Accounts Payable	0.87	0.7	0.74	0.92	0.87	0.76	-0.61	0.82		0.86	0.79	0.76	0.79	0.85	0.96	-0.3	0.81	0.82	0.91	0.63	0.82	0.82	-0.22	0.6	0.84	0.84
Cash	0.85	0.65	0.7	0.77	0.95	0.68	-0.9	0.88	0.86		0.71	0.6	0.91	0.75	0.81	-0.43	0.89	0.7	0.96	0.7	0.79	0.85	-0.21	0.52	0.68	0.95
Non Current Assets Total	0.96	0.97	0.31	0.94	0.75	1.0	-0.5	0.67	0.79	0.71		0.36	0.9	0.87	0.8	-0.34	0.92	0.99	0.75	0.49	0.83	0.78	-0.75	0.93	0.89	0.86
Non Currrent Assets Other	0.5	0.18	0.65	0.63	0.57	0.3	-0.52	0.58	0.76	0.6	0.36		0.45	0.43	0.61	-0.2	0.45	0.4	0.64	0.47	0.45	0.44	0.09	0.06	0.48	0.49
Cash And Short Term Investments	0.96	0.85	0.44	0.87	0.88	0.88	-0.82	0.8	0.79	0.91	0.9	0.45		0.79	0.76	-0.46	0.99	0.87	0.88	0.6	0.81	0.84	-0.61	0.77	0.78	0.98
Common Stock Shares Outstanding	0.89	0.85	0.38	0.88	0.85	0.85	-0.49	0.77	0.85	0.75	0.87	0.43	0.79		0.88	-0.12	0.85	0.87	0.84	0.69	0.92	0.94	-0.44	0.74	0.89	0.84
Inventory	0.88	0.77	0.72	0.89	0.88	0.78	-0.53	0.84	0.96	0.81	0.8	0.61	0.76	0.88		-0.13	0.81	0.83	0.91	0.69	0.85	0.88	-0.23	0.64	0.78	0.79
Other Current Assets	-0.33	-0.26	-0.28	-0.25	-0.29	-0.35	0.54	-0.26	-0.3	-0.43	-0.34	-0.2	-0.46	-0.12	-0.13		-0.36	-0.28	-0.25	-0.1	-0.24	-0.1	0.26	-0.32	-0.37	-0.48
Other Stockholder Equity	0.98	0.89	0.44	0.9	0.91	0.9	-0.78	0.84	0.81	0.89	0.92	0.45	0.99	0.85	0.81	-0.36		0.89	0.9	0.68	0.85	0.89	-0.61	0.77	0.78	0.96
Total Liab	0.95	0.96	0.36	0.96	0.73	0.99	-0.45	0.65	0.82	0.7	0.99	0.4	0.87	0.87	0.83	-0.28	0.89		0.75	0.45	0.8	0.77	-0.7	0.93	0.9	0.84
Total Current Assets	0.9	0.71	0.71	0.84	0.99	0.72	-0.81	0.95	0.91	0.96	0.75	0.64	0.88	0.84	0.91	-0.25	0.9	0.75		0.82	0.87	0.93	-0.22	0.53	0.7	0.91
Short Term Debt	0.66	0.51	0.53	0.55	0.85	0.44	-0.67	0.92	0.63	0.7	0.49	0.47	0.6	0.69	0.69	-0.1	0.68	0.45	0.82		0.77	0.82	-0.09	0.23	0.39	0.62
Intangible Assets	0.88	0.8	0.43	0.82	0.9	0.8	-0.61	0.88	0.82	0.79	0.83	0.45	0.81	0.92	0.85	-0.24	0.85	0.8	0.87	0.77		0.9	-0.4	0.66	0.8	0.84
Common Stock	0.88	0.78	0.48	0.81	0.95	0.76	-0.68	0.88	0.82	0.85	0.78	0.44	0.84	0.94	0.88	-0.1	0.89	0.77	0.93	0.82	0.9		-0.33	0.61	0.74	0.87
Good Will	-0.61	-0.75	0.3	-0.57	-0.25	-0.77	0.19	-0.18	-0.22	-0.21	-0.75	0.09	-0.61	-0.44	-0.23	0.26	-0.61	-0.7	-0.22	-0.09	-0.4	-0.33		-0.8	-0.53	-0.47
Non Current Liabilities Total	0.82	0.95	0.14	0.8	0.53	0.96	-0.28	0.43	0.6	0.52	0.93	0.06	0.77	0.74	0.64	-0.32	0.77	0.93	0.53	0.23	0.66	0.61	-0.8		0.81	0.71
Other Liab	0.84	0.8	0.31	0.89	0.69	0.88	-0.42	0.57	0.84	0.68	0.89	0.48	0.78	0.89	0.78	-0.37	0.78	0.9	0.7	0.39	0.8	0.74	-0.53	0.81		0.83
Net Tangible Assets	0.93	0.8	0.5	0.85	0.92	0.84	-0.83	0.82	0.84	0.95	0.86	0.49	0.98	0.84	0.79	-0.48	0.96	0.84	0.91	0.62	0.84	0.87	-0.47	0.71	0.83

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Zhejiang Mtcn Account Relationship Matchups

Zhejiang Mtcn fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	438.1M	844.0M	1.2B	1.4B	1.4B	1.5B
Short Long Term Debt Total	83.4M	75M	101.1M	253.5M	291.6M	306.1M
Other Current Liab	20.7M	28.7M	44.3M	64.8M	1.6M	1.5M
Total Current Liabilities	63.0M	77.8M	337.4M	322.6M	299.2M	314.1M
Total Stockholder Equity	355.6M	747.4M	779.1M	741.7M	688.7M	417.4M
Property Plant And Equipment Net	133.8M	152.6M	338.0M	556.0M	659.9M	692.9M
Net Debt	(18.4M)	(400.0M)	(291.2M)	(144.9M)	(130.4M)	(123.9M)
Retained Earnings	186.3M	266.1M	291.5M	247.0M	190.4M	139.0M
Accounts Payable	42.2M	49.1M	194.5M	195.4M	135.4M	72.1M
Cash	18.4M	400.0M	392.3M	398.4M	311.2M	160.9M
Non Current Assets Total	184.7M	204.5M	483.3M	657.3M	791.0M	830.6M
Non Currrent Assets Other	683.0K	1.3M	75.6M	24.4M	3.6M	3.4M
Cash And Short Term Investments	18.4M	400.0M	392.3M	398.4M	458.2M	481.1M
Common Stock Shares Outstanding	75.2M	74.8M	99.5M	102.1M	130.8M	85.6M
Liabilities And Stockholders Equity	438.1M	844.0M	1.2B	1.4B	1.6B	1.7B
Inventory	70.5M	66.8M	146.6M	198.1M	130.7M	84.0M
Other Current Assets	3.8M	3.7M	7.8M	4.9M	3.7M	3.6M
Other Stockholder Equity	94.5M	381.5M	387.8M	393.7M	452.7M	475.3M
Total Liab	82.5M	96.7M	364.4M	541.6M	558.6M	586.6M
Total Current Assets	253.4M	639.5M	765.4M	746.0M	593.1M	376.9M
Short Term Debt	58.4M	47M	98.6M	62.3M	71.7M	45.4M
Intangible Assets	40.2M	39.7M	56.8M	53.5M	75.5M	40.5M
Non Current Liabilities Total	19.5M	18.9M	27.0M	219.0M	259.5M	272.4M

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C	Citigroup
GM	General Motors
F	Ford Motor

Other Information on Investing in Zhejiang Stock

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

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Zhejiang Common Stock vs Other Liab Analysis

Common Stock vs Other Liab

Common Stock vs Other Liab Correlation Analysis

Correlation Coefficient

Common Stock

Other Liab

Zhejiang Mtcn fundamental ratios Correlations

Zhejiang Mtcn Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Zhejiang Mtcn fundamental ratios Accounts

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Other Information on Investing in Zhejiang Stock

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Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Total Current Assets	+ 0.99	Total Stockholder Equity
Total Liab	+ 0.99	Property Plant And Equipment Net
Total Liab	+ 0.99	Non Current Assets Total
Other Stockholder Equity	+ 0.99	Cash And Short Term Investments
Other Stockholder Equity	+ 0.98	Total Assets

Cash	- 0.9	Net Debt
Net Tangible Assets	- 0.83	Net Debt
Net Debt	- 0.83	Total Stockholder Equity
Cash And Short Term Investments	- 0.82	Net Debt
Total Current Assets	- 0.81	Net Debt
Retained Earnings	- 0.81	Net Debt