Shandong Total Stockholder Equity vs Cash Analysis

600022 Stock

1.67 0.05 2.91%

Shandong Iron financial indicator trend analysis is much more than just breaking down Shandong Iron prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Shandong Iron is a good investment. Please check the relationship between Shandong Iron Total Stockholder Equity and its Cash accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Shandong Iron and. 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.

Total Stockholder Equity vs Cash

Total Stockholder Equity vs Cash Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Shandong Iron Total Stockholder Equity account and Cash. At this time, the significance of the direction appears to have strong relationship.

The correlation between Shandong Iron's Total Stockholder Equity and Cash is 0.77. Overlapping area represents the amount of variation of Total Stockholder Equity that can explain the historical movement of Cash in the same time period over historical financial statements of Shandong Iron and, assuming nothing else is changed. The correlation between historical values of Shandong Iron's Total Stockholder Equity and Cash 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 Stockholder Equity of Shandong Iron and are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Total Stockholder Equity i.e., Shandong Iron's Total Stockholder Equity and Cash go up and down completely randomly.

Correlation Coefficient

0.77

Relationship Direction	Positive
Relationship Strength	Significant

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Total Stockholder Equity

The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.

Cash

Cash refers to the most liquid asset of Shandong Iron, which is listed under current asset account on Shandong Iron and balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Shandong Iron customers. The amounts must be unrestricted with restricted cash listed in a different Shandong Iron account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.

Most indicators from Shandong Iron's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Shandong Iron 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 Shandong Iron and. 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 985.8 M, whereas Tax Provision is projected to grow to (26.2 M).

	2021	2022	2023	2024 (projected)
Gross Profit	9.4B	5.7B	3.6B	5.0B
Research Development	2.0B	2.1B	2.1B	2.2B

Gross Profit Research Development

Shandong Iron fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Accounts Payable	Cash	Long Term Debt	Net Receivables	Inventory	Other Current Assets	Total Liab	Common Stock	Property Plant Equipment	Retained Earnings	Other Assets	Intangible Assets	Short Term Investments	Net Tangible Assets	Other Stockholder Equity	Deferred Long Term Liab	Long Term Investments	Short Long Term Debt	Total Current Assets	Short Term Debt	Non Current Assets Total
Total Assets		0.53	0.84	0.97	0.41	0.91	0.7	0.6	0.22	0.71	0.53	0.92	0.82	0.93	0.25	0.42	0.72	0.05	0.04	0.28	0.64	-0.48	0.57	-0.03	0.48	0.58
Other Current Liab	0.53		0.53	0.46	-0.27	0.32	0.51	0.33	0.43	0.35	0.85	0.53	0.21	0.33	-0.03	-0.36	0.27	0.59	-0.64	-0.43	0.34	-0.21	0.54	0.62	0.43	-0.1
Total Current Liabilities	0.84	0.53		0.71	0.09	0.81	0.4	0.37	0.35	0.83	0.35	0.97	0.57	0.87	-0.13	0.12	0.32	0.11	-0.04	0.08	0.28	-0.2	0.3	0.09	0.23	0.22
Total Stockholder Equity	0.97	0.46	0.71		0.5	0.87	0.77	0.55	0.12	0.57	0.53	0.8	0.86	0.87	0.33	0.5	0.81	0.01	0.05	0.35	0.72	-0.56	0.64	-0.14	0.55	0.65
Other Liab	0.41	-0.27	0.09	0.5		0.38	0.36	0.21	-0.52	0.28	-0.11	0.19	0.7	0.39	0.68	0.91	0.7	-0.66	0.5	0.93	0.6	-0.59	0.4	-0.58	0.44	0.85
Accounts Payable	0.91	0.32	0.81	0.87	0.38		0.47	0.55	0.09	0.77	0.29	0.88	0.71	0.94	0.21	0.43	0.6	0.02	0.2	0.33	0.48	-0.34	0.37	-0.14	0.29	0.57
Cash	0.7	0.51	0.4	0.77	0.36	0.47		0.2	0.22	0.12	0.6	0.46	0.69	0.44	0.1	0.22	0.62	0.06	-0.3	0.19	0.66	-0.6	0.72	0.05	0.66	0.33
Long Term Debt	0.6	0.33	0.37	0.55	0.21	0.55	0.2		0.34	0.49	0.49	0.57	0.45	0.56	0.38	0.35	0.48	0.01	0.15	0.02	0.44	-0.23	0.21	0.14	0.24	0.52
Net Receivables	0.22	0.43	0.35	0.12	-0.52	0.09	0.22	0.34		0.12	0.48	0.36	-0.02	0.1	-0.51	-0.49	-0.21	0.34	-0.37	-0.56	-0.12	0.19	-0.06	0.62	-0.02	-0.39
Inventory	0.71	0.35	0.83	0.57	0.28	0.77	0.12	0.49	0.12		0.17	0.85	0.5	0.78	0.25	0.29	0.36	-0.06	0.22	0.27	0.25	-0.14	0.21	0.05	0.14	0.43
Other Current Assets	0.53	0.85	0.35	0.53	-0.11	0.29	0.6	0.49	0.48	0.17		0.42	0.42	0.27	0.09	-0.15	0.52	0.33	-0.6	-0.34	0.61	-0.46	0.71	0.51	0.67	0.09
Total Liab	0.92	0.53	0.97	0.8	0.19	0.88	0.46	0.57	0.36	0.85	0.42		0.65	0.93	0.03	0.24	0.44	0.09	0.04	0.13	0.38	-0.25	0.34	0.09	0.27	0.37
Common Stock	0.82	0.21	0.57	0.86	0.7	0.71	0.69	0.45	-0.02	0.5	0.42	0.65		0.71	0.34	0.72	0.83	-0.46	0.12	0.57	0.81	-0.75	0.67	-0.33	0.71	0.74
Property Plant Equipment	0.93	0.33	0.87	0.87	0.39	0.94	0.44	0.56	0.1	0.78	0.27	0.93	0.71		0.19	0.44	0.59	0.01	0.25	0.32	0.45	-0.31	0.34	-0.18	0.26	0.54
Retained Earnings	0.25	-0.03	-0.13	0.33	0.68	0.21	0.1	0.38	-0.51	0.25	0.09	0.03	0.34	0.19		0.61	0.62	-0.19	0.43	0.52	0.44	-0.27	0.3	-0.15	0.21	0.8
Other Assets	0.42	-0.36	0.12	0.5	0.91	0.43	0.22	0.35	-0.49	0.29	-0.15	0.24	0.72	0.44	0.61		0.67	-0.7	0.6	0.86	0.56	-0.52	0.27	-0.68	0.34	0.91
Intangible Assets	0.72	0.27	0.32	0.81	0.7	0.6	0.62	0.48	-0.21	0.36	0.52	0.44	0.83	0.59	0.62	0.67		-0.23	0.09	0.53	0.93	-0.8	0.81	-0.27	0.77	0.8
Short Term Investments	0.05	0.59	0.11	0.01	-0.66	0.02	0.06	0.01	0.34	-0.06	0.33	0.09	-0.46	0.01	-0.19	-0.7	-0.23		-0.44	-0.69	-0.27	0.41	-0.07	0.56	-0.27	-0.45
Net Tangible Assets	0.04	-0.64	-0.04	0.05	0.5	0.2	-0.3	0.15	-0.37	0.22	-0.6	0.04	0.12	0.25	0.43	0.6	0.09	-0.44		0.6	-0.2	0.29	-0.45	-0.38	-0.43	0.52
Other Stockholder Equity	0.28	-0.43	0.08	0.35	0.93	0.33	0.19	0.02	-0.56	0.27	-0.34	0.13	0.57	0.32	0.52	0.86	0.53	-0.69	0.6		0.4	-0.43	0.22	-0.63	0.27	0.76
Deferred Long Term Liab	0.64	0.34	0.28	0.72	0.6	0.48	0.66	0.44	-0.12	0.25	0.61	0.38	0.81	0.45	0.44	0.56	0.93	-0.27	-0.2	0.4		-0.95	0.92	-0.25	0.93	0.65
Long Term Investments	-0.48	-0.21	-0.2	-0.56	-0.59	-0.34	-0.6	-0.23	0.19	-0.14	-0.46	-0.25	-0.75	-0.31	-0.27	-0.52	-0.8	0.41	0.29	-0.43	-0.95		-0.89	0.38	-0.95	-0.52
Short Long Term Debt	0.57	0.54	0.3	0.64	0.4	0.37	0.72	0.21	-0.06	0.21	0.71	0.34	0.67	0.34	0.3	0.27	0.81	-0.07	-0.45	0.22	0.92	-0.89		-0.02	0.95	0.41
Total Current Assets	-0.03	0.62	0.09	-0.14	-0.58	-0.14	0.05	0.14	0.62	0.05	0.51	0.09	-0.33	-0.18	-0.15	-0.68	-0.27	0.56	-0.38	-0.63	-0.25	0.38	-0.02		-0.12	-0.43
Short Term Debt	0.48	0.43	0.23	0.55	0.44	0.29	0.66	0.24	-0.02	0.14	0.67	0.27	0.71	0.26	0.21	0.34	0.77	-0.27	-0.43	0.27	0.93	-0.95	0.95	-0.12		0.39
Non Current Assets Total	0.58	-0.1	0.22	0.65	0.85	0.57	0.33	0.52	-0.39	0.43	0.09	0.37	0.74	0.54	0.8	0.91	0.8	-0.45	0.52	0.76	0.65	-0.52	0.41	-0.43	0.39

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Shandong Iron Account Relationship Matchups

Shandong Iron fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	69.5B	68.5B	72.5B	69.0B	66.8B	44.4B
Other Current Liab	3.6B	4.7B	4.0B	4.1B	287.7M	273.3M
Total Current Liabilities	28.4B	30.4B	34.2B	28.8B	28.6B	22.7B
Total Stockholder Equity	20.7B	21.1B	21.9B	21.8B	21.1B	12.7B
Other Liab	814.0M	891.8M	894.1M	2.0B	2.3B	2.4B
Accounts Payable	18.2B	16.8B	19.4B	17.4B	18.6B	10.8B
Cash	5.8B	6.8B	9.8B	7.9B	6.1B	5.1B
Long Term Debt	10.0B	6.0B	2.7B	6.2B	5.7B	4.0B
Net Receivables	5.7B	97.2M	243.9M	277.7M	373.9M	355.2M
Inventory	4.9B	5.1B	6.1B	5.0B	4.8B	4.6B
Other Current Assets	3.0B	2.1B	1.2B	1.2B	259.9M	246.9M
Total Liab	39.3B	37.6B	40.0B	37.2B	36.1B	27.8B
Property Plant Equipment	42.9B	42.5B	44.3B	43.8B	50.3B	26.7B
Retained Earnings	1.6B	2.3B	3.1B	2.1B	1.3B	988.0M
Other Assets	1.2B	1.6B	1.3B	2.4B	2.7B	2.8B
Intangible Assets	4.5B	4.5B	4.8B	4.7B	5.9B	3.1B
Net Tangible Assets	16.2B	16.6B	17.1B	17.1B	19.7B	17.4B
Other Stockholder Equity	17.0M	(526.1K)	7.6B	7.6B	8.7B	9.2B
Deferred Long Term Liab	2.5M	2.5M	2.3M	2.1M	2.4M	2.2M
Short Long Term Debt	3.7B	5.0B	6.2B	3.6B	3.7B	3.9B
Total Current Assets	19.5B	18.1B	20.1B	16.2B	14.6B	15.4B
Non Current Assets Total	50.1B	50.4B	52.5B	52.8B	52.1B	51.8B
Non Currrent Assets Other	560.0M	886.8M	610.6M	1.6B	12.2M	11.6M
Non Current Liabilities Total	10.9B	7.3B	5.8B	8.4B	7.5B	7.8B
Net Debt	5.1B	7.4B	4.2B	2.0B	3.2B	4.0B
Net Invested Capital	33.9B	32.2B	30.8B	31.7B	30.5B	25.4B
Net Working Capital	(8.9B)	(12.3B)	(14.1B)	(12.7B)	(14.0B)	(14.7B)

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Other Information on Investing in Shandong Stock

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

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Shandong Total Stockholder Equity vs Cash Analysis

Total Stockholder Equity vs Cash

Total Stockholder Equity vs Cash Correlation Analysis

Correlation Coefficient

Total Stockholder Equity

Cash

Shandong Iron fundamental ratios Correlations

Shandong Iron Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Shandong Iron fundamental ratios Accounts

Currently Active Assets on Macroaxis

Other Information on Investing in Shandong Stock

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Total Stockholder Equity	+ 0.97	Total Assets
Total Liab	+ 0.97	Total Current Liabilities
Short Term Debt	+ 0.95	Short Long Term Debt
Property Plant Equipment	+ 0.94	Accounts Payable
Property Plant Equipment	+ 0.93	Total Assets
Other Stockholder Equity	+ 0.93	Other Liab

Short Term Debt	- 0.95	Long Term Investments
Long Term Investments	- 0.95	Deferred Long Term Liab
Short Long Term Debt	- 0.89	Long Term Investments
Long Term Investments	- 0.8	Intangible Assets
Long Term Investments	- 0.75	Common Stock
Short Term Investments	- 0.7	Other Assets