Shenzhen Cash And Short Term Investments vs Non Current Assets Total Analysis

300942 Stock   10.55  1.76  20.02%   
Shenzhen Bioeasy financial indicator trend analysis is much more than just breaking down Shenzhen Bioeasy Bio prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Shenzhen Bioeasy Bio is a good investment. Please check the relationship between Shenzhen Bioeasy Cash And Short Term Investments and its Non Current Assets Total accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Shenzhen Bioeasy Biotechnology. 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.

Cash And Short Term Investments vs Non Current Assets Total

Cash And Short Term Investments vs Non Current Assets Total Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Shenzhen Bioeasy Bio Cash And Short Term Investments account and Non Current Assets Total. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Shenzhen Bioeasy's Cash And Short Term Investments and Non Current Assets Total is 0.86. Overlapping area represents the amount of variation of Cash And Short Term Investments that can explain the historical movement of Non Current Assets Total in the same time period over historical financial statements of Shenzhen Bioeasy Biotechnology, assuming nothing else is changed. The correlation between historical values of Shenzhen Bioeasy's Cash And Short Term Investments and Non Current Assets Total 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 Shenzhen Bioeasy Biotechnology are associated (or correlated) with its Non Current Assets Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Assets Total has no effect on the direction of Cash And Short Term Investments i.e., Shenzhen Bioeasy's Cash And Short Term Investments and Non Current Assets Total go up and down completely randomly.

Correlation Coefficient

0.86
Relationship DirectionPositive 
Relationship StrengthStrong

Cash And Short Term Investments

Short Term Investments is an account in the current assets section of Shenzhen Bioeasy Bio balance sheet. This account contains Shenzhen Bioeasy investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Shenzhen Bioeasy Biotechnology 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.

Non Current Assets Total

The total value of a company's long-term assets, which are not expected to be converted into cash or used up within one year or the operating cycle, including property, plant, and equipment, and intangible assets.
Most indicators from Shenzhen Bioeasy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Shenzhen Bioeasy Bio 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 Shenzhen Bioeasy Biotechnology. 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 Tax Provision is expected to grow to about 14 M, whereas Selling General Administrative is forecasted to decline to about 76.7 M.
 2021 2022 2023 2024 (projected)
Interest Expense5.3M4.1M10.6M11.2M
Tax Provision31.6M12.2M7.2M14.0M

Shenzhen Bioeasy fundamental ratios Correlations

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0.970.980.920.70.890.940.920.890.790.910.680.750.92-0.780.890.880.91-0.870.920.890.60.55-0.870.890.76
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0.860.920.930.670.780.850.930.840.650.970.530.550.92-0.790.830.840.79-0.810.740.650.770.33-0.740.710.54
0.830.70.830.670.720.860.880.940.50.580.130.680.89-0.880.750.930.71-0.760.660.620.140.6-0.530.660.68
0.910.890.890.780.720.850.820.830.870.770.410.920.86-0.720.90.810.98-0.960.930.890.330.81-0.880.930.9
0.990.940.980.850.860.850.940.960.730.790.480.750.96-0.830.870.960.87-0.850.90.860.480.58-0.810.890.81
0.930.920.970.930.880.820.940.950.690.860.420.690.99-0.920.840.940.84-0.830.790.720.530.51-0.750.780.68
0.950.890.960.840.940.830.960.950.60.790.40.730.96-0.860.881.00.83-0.870.80.770.390.58-0.690.790.73
0.790.790.750.650.50.870.730.690.60.610.410.880.7-0.620.660.570.92-0.730.90.840.290.79-0.940.910.89
0.820.910.890.970.580.770.790.860.790.610.640.520.85-0.730.860.790.75-0.830.710.660.770.29-0.690.670.48
0.530.680.530.530.130.410.480.420.40.410.640.340.37-0.350.460.410.44-0.410.520.650.460.15-0.490.480.28
0.820.750.760.550.680.920.750.690.730.880.520.340.72-0.640.70.690.94-0.80.890.890.00.96-0.860.910.95
0.960.920.980.920.890.860.960.990.960.70.850.370.72-0.880.880.960.87-0.870.830.750.530.55-0.780.820.74
-0.82-0.78-0.86-0.79-0.88-0.72-0.83-0.92-0.86-0.62-0.73-0.35-0.64-0.88-0.75-0.85-0.720.76-0.64-0.62-0.32-0.50.57-0.64-0.59
0.90.890.910.830.750.90.870.840.880.660.860.460.70.88-0.750.880.84-0.980.830.80.50.54-0.690.810.72
0.940.880.950.840.930.810.960.941.00.570.790.410.690.96-0.850.880.8-0.850.790.760.410.53-0.670.780.71
0.930.910.910.790.710.980.870.840.830.920.750.440.940.87-0.720.840.8-0.90.960.910.340.82-0.950.960.92
-0.9-0.87-0.9-0.81-0.76-0.96-0.85-0.83-0.87-0.73-0.83-0.41-0.8-0.870.76-0.98-0.85-0.9-0.85-0.82-0.4-0.670.74-0.84-0.78
0.940.920.890.740.660.930.90.790.80.90.710.520.890.83-0.640.830.790.96-0.850.960.380.76-0.951.00.94
0.910.890.850.650.620.890.860.720.770.840.660.650.890.75-0.620.80.760.91-0.820.960.260.77-0.880.960.9
0.460.60.540.770.140.330.480.530.390.290.770.460.00.53-0.320.50.410.34-0.40.380.26-0.25-0.430.320.08
0.660.550.570.330.60.810.580.510.580.790.290.150.960.55-0.50.540.530.82-0.670.760.77-0.25-0.730.80.91
-0.86-0.87-0.83-0.74-0.53-0.88-0.81-0.75-0.69-0.94-0.69-0.49-0.86-0.780.57-0.69-0.67-0.950.74-0.95-0.88-0.43-0.73-0.95-0.88
0.930.890.870.710.660.930.890.780.790.910.670.480.910.82-0.640.810.780.96-0.841.00.960.320.8-0.950.96
0.850.760.770.540.680.90.810.680.730.890.480.280.950.74-0.590.720.710.92-0.780.940.90.080.91-0.880.96
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Shenzhen Bioeasy Account Relationship Matchups

Shenzhen Bioeasy fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets619.7M652.9M1.2B1.3B1.4B869.7M
Total Current Liabilities68.1M78.1M156.6M199.8M136.9M111.1M
Total Stockholder Equity528.4M549.1M944.8M964.9M849.0M655.8M
Retained Earnings163.4M183.8M402.3M331.9M138.4M209.0M
Cash420.8M374.2M339.2M247.5M481.7M337.2M
Other Assets11.7M10.0M28.9M41.6M47.9M50.3M
Cash And Short Term Investments183.1M440.8M374.2M679.4M781.4M390.9M
Net Receivables74.2M62.3M97.2M83.9M76.1M73.0M
Liabilities And Stockholders Equity296.8M619.7M652.9M1.2B1.3B1.4B
Inventory31.3M61.6M93.9M100.6M31.5M55.9M
Other Current Assets5.3M4.9M3.0M213.3M12.0M11.4M
Total Liab91.3M103.8M207.8M317.8M507.6M533.0M
Total Current Assets569.7M526.1M897.6M674.4M737.7M600.8M
Intangible Assets1.4M44.1M42.6M42.4M41.4M27.2M
Property Plant Equipment15.7M29.4M44.9M143.4M165.0M173.2M

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Other Information on Investing in Shenzhen Stock

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