Changshu Non Current Liabilities Total vs Capital Stock Analysis

603201 Stock   18.13  0.17  0.93%   
Changshu Tongrun financial indicator trend analysis is way more than just evaluating Changshu Tongrun Auto prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Changshu Tongrun Auto is a good investment. Please check the relationship between Changshu Tongrun Non Current Liabilities Total and its Capital Stock accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Changshu Tongrun Auto. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Non Current Liabilities Total vs Capital Stock

Non Current Liabilities Total vs Capital Stock Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Changshu Tongrun Auto Non Current Liabilities Total account and Capital Stock. At this time, the significance of the direction appears to have strong relationship.
The correlation between Changshu Tongrun's Non Current Liabilities Total and Capital Stock is 0.65. Overlapping area represents the amount of variation of Non Current Liabilities Total that can explain the historical movement of Capital Stock in the same time period over historical financial statements of Changshu Tongrun Auto, assuming nothing else is changed. The correlation between historical values of Changshu Tongrun's Non Current Liabilities Total 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 Non Current Liabilities Total of Changshu Tongrun Auto 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 Non Current Liabilities Total i.e., Changshu Tongrun's Non Current Liabilities Total and Capital Stock go up and down completely randomly.

Correlation Coefficient

0.65
Relationship DirectionPositive 
Relationship StrengthSignificant

Non Current Liabilities Total

Capital Stock

The total amount of a company's capital funded by shareholders through the issue and subscription of shares.
Most indicators from Changshu Tongrun's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Changshu Tongrun Auto 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 Changshu Tongrun Auto. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
The current year's Selling General Administrative is expected to grow to about 110.2 M, whereas Tax Provision is forecasted to decline to about 52.4 M.
 2021 2022 2023 2024 (projected)
Interest Expense16.7M12.7M10.3M12.0M
Interest Income836.3K5.6M10.2M10.7M

Changshu Tongrun fundamental ratios Correlations

-0.640.680.7-0.61-0.58-0.650.56-0.53-0.6-0.63-0.63-0.61-0.52-0.55-0.32-0.18-0.630.54-0.62-0.620.65-0.64-0.57-0.03-0.64
-0.64-0.89-0.90.980.970.99-0.820.910.980.930.750.960.840.690.560.080.68-0.711.00.99-0.811.00.98-0.150.98
0.68-0.890.92-0.85-0.82-0.920.65-0.71-0.86-0.95-0.91-0.8-0.63-0.88-0.36-0.48-0.940.6-0.88-0.870.9-0.89-0.8-0.26-0.92
0.7-0.90.92-0.89-0.8-0.920.87-0.81-0.83-0.84-0.81-0.9-0.73-0.68-0.4-0.17-0.850.86-0.87-0.870.94-0.92-0.80.02-0.92
-0.610.98-0.85-0.890.910.98-0.860.970.920.870.640.980.740.580.390.090.66-0.760.980.94-0.860.990.94-0.10.99
-0.580.97-0.82-0.80.910.94-0.710.831.00.930.740.890.90.710.70.020.57-0.570.980.99-0.660.950.99-0.240.91
-0.650.99-0.92-0.920.980.94-0.810.910.950.940.760.950.770.710.460.190.74-0.70.990.97-0.860.990.95-0.031.0
0.56-0.820.650.87-0.86-0.71-0.81-0.91-0.7-0.59-0.45-0.94-0.72-0.26-0.370.26-0.510.97-0.79-0.760.8-0.85-0.740.38-0.82
-0.530.91-0.71-0.810.970.830.91-0.910.810.720.430.980.680.350.31-0.080.5-0.810.910.85-0.790.930.88-0.230.93
-0.60.98-0.86-0.830.921.00.95-0.70.810.960.790.880.880.760.680.090.63-0.570.981.0-0.690.960.99-0.170.92
-0.630.93-0.95-0.840.870.930.94-0.590.720.960.890.80.750.890.540.370.79-0.470.940.95-0.760.910.910.110.92
-0.630.75-0.91-0.810.640.740.76-0.450.430.790.890.590.670.960.560.440.88-0.420.720.78-0.70.730.680.20.72
-0.610.96-0.8-0.90.980.890.95-0.940.980.880.80.590.780.480.44-0.060.6-0.850.950.92-0.840.980.92-0.240.96
-0.520.84-0.63-0.730.740.90.77-0.720.680.880.750.670.780.550.9-0.310.39-0.610.820.89-0.470.820.87-0.550.72
-0.550.69-0.88-0.680.580.710.71-0.260.350.760.890.960.480.550.460.610.84-0.20.690.73-0.610.650.650.370.68
-0.320.56-0.36-0.40.390.70.46-0.370.310.680.540.560.440.90.46-0.390.12-0.250.540.65-0.080.510.64-0.620.37
-0.180.08-0.48-0.170.090.020.190.26-0.080.090.370.44-0.06-0.310.61-0.390.640.230.110.07-0.380.080.00.960.22
-0.630.68-0.94-0.850.660.570.74-0.510.50.630.790.880.60.390.840.120.64-0.540.660.65-0.90.690.540.480.75
0.54-0.710.60.86-0.76-0.57-0.70.97-0.81-0.57-0.47-0.42-0.85-0.61-0.2-0.250.23-0.54-0.66-0.640.8-0.75-0.590.32-0.72
-0.621.0-0.88-0.870.980.980.99-0.790.910.980.940.720.950.820.690.540.110.66-0.660.99-0.790.990.99-0.120.98
-0.620.99-0.87-0.870.940.990.97-0.760.851.00.950.780.920.890.730.650.070.65-0.640.99-0.740.980.99-0.180.94
0.65-0.810.90.94-0.86-0.66-0.860.8-0.79-0.69-0.76-0.7-0.84-0.47-0.61-0.08-0.38-0.90.8-0.79-0.74-0.84-0.68-0.25-0.89
-0.641.0-0.89-0.920.990.950.99-0.850.930.960.910.730.980.820.650.510.080.69-0.750.990.98-0.840.96-0.140.99
-0.570.98-0.8-0.80.940.990.95-0.740.880.990.910.680.920.870.650.640.00.54-0.590.990.99-0.680.96-0.240.93
-0.03-0.15-0.260.02-0.1-0.24-0.030.38-0.23-0.170.110.2-0.24-0.550.37-0.620.960.480.32-0.12-0.18-0.25-0.14-0.240.01
-0.640.98-0.92-0.920.990.911.0-0.820.930.920.920.720.960.720.680.370.220.75-0.720.980.94-0.890.990.930.01
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Changshu Tongrun Account Relationship Matchups

Currently Active Assets on Macroaxis

Other Information on Investing in Changshu Stock

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