Shanghai Net Income From Continuing Ops vs Interest Expense Analysis
688193 Stock | 42.00 0.94 2.29% |
Shanghai Rendu financial indicator trend analysis is much more than just breaking down Shanghai Rendu Biote prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Shanghai Rendu Biote is a good investment. Please check the relationship between Shanghai Rendu Net Income From Continuing Ops and its Interest Expense accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Shanghai Rendu 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.
Net Income From Continuing Ops vs Interest Expense
Net Income From Continuing Ops vs Interest Expense Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Shanghai Rendu Biote Net Income From Continuing Ops account and Interest Expense. At this time, the significance of the direction appears to have very week relationship.
The correlation between Shanghai Rendu's Net Income From Continuing Ops and Interest Expense is 0.24. Overlapping area represents the amount of variation of Net Income From Continuing Ops that can explain the historical movement of Interest Expense in the same time period over historical financial statements of Shanghai Rendu Biotechnology, assuming nothing else is changed. The correlation between historical values of Shanghai Rendu's Net Income From Continuing Ops and Interest Expense is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Income From Continuing Ops of Shanghai Rendu Biotechnology are associated (or correlated) with its Interest Expense. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Interest Expense has no effect on the direction of Net Income From Continuing Ops i.e., Shanghai Rendu's Net Income From Continuing Ops and Interest Expense go up and down completely randomly.
Correlation Coefficient | 0.24 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Net Income From Continuing Ops
Interest Expense
The cost incurred by an entity for borrowed funds, including loans, bonds, or lines of credit.Most indicators from Shanghai Rendu's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Shanghai Rendu Biote 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 Shanghai Rendu 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 Selling General Administrative is expected to grow to about 109.5 M, whereas Tax Provision is projected to grow to (3.3 M).
2021 | 2022 | 2023 | 2024 (projected) | Interest Income | 2.0M | 4.2M | 8.7M | 9.2M | Net Interest Income | 1.7M | 3.8M | 8.3M | 8.7M |
Shanghai Rendu fundamental ratios Correlations
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Shanghai Rendu Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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Other Information on Investing in Shanghai Stock
Balance Sheet is a snapshot of the financial position of Shanghai Rendu Biote at a specified time, usually calculated after every quarter, six months, or one year. Shanghai Rendu Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Shanghai Rendu 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 Shanghai currently owns. An asset can also be divided into two categories, current and non-current.