Zhejiang Net Interest Income vs Tax Provision Analysis

688203 Stock

10.49 0.21 2.04%

Zhejiang HISUN financial indicator trend analysis is more than just analyzing Zhejiang HISUN Bioma current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Zhejiang HISUN Bioma is a good investment. Please check the relationship between Zhejiang HISUN Net Interest Income and its Tax Provision accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Zhejiang HISUN Biomaterials. 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.

Net Interest Income vs Tax Provision

Net Interest Income vs Tax Provision Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Zhejiang HISUN Bioma Net Interest Income account and Tax Provision. At this time, the significance of the direction appears to have strong relationship.

The correlation between Zhejiang HISUN's Net Interest Income and Tax Provision is 0.78. Overlapping area represents the amount of variation of Net Interest Income that can explain the historical movement of Tax Provision in the same time period over historical financial statements of Zhejiang HISUN Biomaterials, assuming nothing else is changed. The correlation between historical values of Zhejiang HISUN's Net Interest Income and Tax Provision 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 Interest Income of Zhejiang HISUN Biomaterials are associated (or correlated) with its Tax Provision. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Tax Provision has no effect on the direction of Net Interest Income i.e., Zhejiang HISUN's Net Interest Income and Tax Provision go up and down completely randomly.

Correlation Coefficient

0.78

Relationship Direction	Positive
Relationship Strength	Significant

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Net Interest Income

The difference between the revenue generated from a bank's interest-bearing assets and the expenses associated with paying its interest-bearing liabilities.

Tax Provision

The amount set aside by a company to cover any estimated taxes for the current period. It reflects the company's expected tax liabilities.

Most indicators from Zhejiang HISUN's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Zhejiang HISUN Bioma 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 HISUN Biomaterials. 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.

As of December 2, 2024, Tax Provision is expected to decline to about 6.5 M. In addition to that, Selling General Administrative is expected to decline to about 14.3 M

	2021	2022	2023	2024 (projected)
Interest Expense	10.8M	9.6M	7.5M	9.6M
Interest Income	3.5M	10.6M	19.9M	20.9M

Interest Expense Interest Income

Zhejiang HISUN fundamental ratios Correlations

	Net Debt	Short Term Investments	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Long Term Debt	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Capital Lease Obligations	Inventory	Other Current Assets	Total Liab	Net Invested Capital	Property Plant And Equipment Gross	Short Long Term Debt	Total Current Assets	Capital Stock	Net Working Capital	Intangible Assets
Net Debt		0.96	0.8	0.86	-0.11	0.8	0.89	0.84	0.85	0.37	0.9	-0.7	0.73	0.82	-0.26	-0.84	0.88	0.73	-0.38	0.82	0.89	0.64	0.56	0.82	0.56	0.85
Short Term Investments	0.96		0.7	0.78	-0.31	0.71	0.82	0.73	0.69	0.27	0.82	-0.5	0.54	0.7	-0.01	-0.72	0.82	0.6	-0.36	0.74	0.81	0.61	0.45	0.7	0.49	0.83
Total Assets	0.8	0.7		0.68	-0.18	1.0	0.92	0.94	0.92	0.78	0.92	-0.87	0.85	0.99	-0.35	-0.96	0.9	0.48	-0.53	0.99	0.93	0.34	0.91	0.99	0.91	0.81
Other Current Liab	0.86	0.78	0.68		-0.04	0.67	0.89	0.82	0.81	0.08	0.91	-0.6	0.71	0.72	-0.25	-0.8	0.9	0.92	-0.38	0.72	0.89	0.9	0.32	0.72	0.31	0.9
Total Current Liabilities	-0.11	-0.31	-0.18	-0.04		-0.25	-0.26	-0.14	0.15	-0.09	-0.21	-0.31	0.26	-0.05	-0.79	0.12	-0.31	0.33	0.41	-0.28	-0.23	-0.04	-0.13	-0.05	-0.3	-0.41
Total Stockholder Equity	0.8	0.71	1.0	0.67	-0.25		0.92	0.93	0.89	0.78	0.92	-0.84	0.81	0.98	-0.28	-0.95	0.9	0.45	-0.54	1.0	0.93	0.32	0.91	0.98	0.92	0.82
Property Plant And Equipment Net	0.89	0.82	0.92	0.89	-0.26	0.92		0.97	0.89	0.47	1.0	-0.74	0.81	0.91	-0.24	-0.96	1.0	0.69	-0.59	0.95	1.0	0.67	0.67	0.91	0.69	0.97
Retained Earnings	0.84	0.73	0.94	0.82	-0.14	0.93	0.97		0.9	0.57	0.97	-0.83	0.91	0.93	-0.42	-1.0	0.96	0.65	-0.68	0.95	0.97	0.59	0.75	0.93	0.74	0.9
Accounts Payable	0.85	0.69	0.92	0.81	0.15	0.89	0.89	0.9		0.6	0.91	-0.94	0.91	0.96	-0.55	-0.92	0.86	0.75	-0.32	0.89	0.91	0.5	0.76	0.96	0.7	0.75
Cash	0.37	0.27	0.78	0.08	-0.09	0.78	0.47	0.57	0.6		0.47	-0.74	0.59	0.75	-0.36	-0.62	0.43	-0.08	-0.32	0.72	0.5	-0.32	0.97	0.75	0.95	0.29
Non Current Assets Total	0.9	0.82	0.92	0.91	-0.21	0.92	1.0	0.97	0.91	0.47		-0.77	0.82	0.92	-0.27	-0.96	0.99	0.72	-0.55	0.94	1.0	0.67	0.67	0.92	0.68	0.96
Long Term Debt	-0.7	-0.5	-0.87	-0.6	-0.31	-0.84	-0.74	-0.83	-0.94	-0.74	-0.77		-0.94	-0.92	0.74	0.86	-0.7	-0.59	0.32	-0.82	-0.77	-0.27	-0.83	-0.92	-0.75	-0.55
Net Receivables	0.73	0.54	0.85	0.71	0.26	0.81	0.81	0.91	0.91	0.59	0.82	-0.94		0.88	-0.76	-0.92	0.77	0.68	-0.55	0.82	0.82	0.48	0.72	0.88	0.65	0.67
Common Stock Shares Outstanding	0.82	0.7	0.99	0.72	-0.05	0.98	0.91	0.93	0.96	0.75	0.92	-0.92	0.88		-0.43	-0.95	0.88	0.57	-0.43	0.97	0.93	0.37	0.88	1.0	0.86	0.78
Non Current Liabilities Total	-0.26	-0.01	-0.35	-0.25	-0.79	-0.28	-0.24	-0.42	-0.55	-0.36	-0.27	0.74	-0.76	-0.43		0.44	-0.18	-0.47	0.18	-0.27	-0.26	-0.14	-0.38	-0.43	-0.23	-0.05
Capital Lease Obligations	-0.84	-0.72	-0.96	-0.8	0.12	-0.95	-0.96	-1.0	-0.92	-0.62	-0.96	0.86	-0.92	-0.95	0.44		-0.95	-0.63	0.66	-0.96	-0.97	-0.54	-0.79	-0.95	-0.78	-0.88
Inventory	0.88	0.82	0.9	0.9	-0.31	0.9	1.0	0.96	0.86	0.43	0.99	-0.7	0.77	0.88	-0.18	-0.95		0.68	-0.61	0.94	0.99	0.69	0.64	0.88	0.67	0.98
Other Current Assets	0.73	0.6	0.48	0.92	0.33	0.45	0.69	0.65	0.75	-0.08	0.72	-0.59	0.68	0.57	-0.47	-0.63	0.68		-0.14	0.49	0.7	0.87	0.14	0.57	0.07	0.67
Total Liab	-0.38	-0.36	-0.53	-0.38	0.41	-0.54	-0.59	-0.68	-0.32	-0.32	-0.55	0.32	-0.55	-0.43	0.18	0.66	-0.61	-0.14		-0.58	-0.56	-0.38	-0.42	-0.43	-0.48	-0.63
Net Invested Capital	0.82	0.74	0.99	0.72	-0.28	1.0	0.95	0.95	0.89	0.72	0.94	-0.82	0.82	0.97	-0.27	-0.96	0.94	0.49	-0.58		0.96	0.4	0.87	0.97	0.88	0.86
Property Plant And Equipment Gross	0.89	0.81	0.93	0.89	-0.23	0.93	1.0	0.97	0.91	0.5	1.0	-0.77	0.82	0.93	-0.26	-0.97	0.99	0.7	-0.56	0.96		0.65	0.7	0.93	0.71	0.95
Short Long Term Debt	0.64	0.61	0.34	0.9	-0.04	0.32	0.67	0.59	0.5	-0.32	0.67	-0.27	0.48	0.37	-0.14	-0.54	0.69	0.87	-0.38	0.4	0.65		-0.08	0.37	-0.07	0.76
Total Current Assets	0.56	0.45	0.91	0.32	-0.13	0.91	0.67	0.75	0.76	0.97	0.67	-0.83	0.72	0.88	-0.38	-0.79	0.64	0.14	-0.42	0.87	0.7	-0.08		0.88	0.98	0.5
Capital Stock	0.82	0.7	0.99	0.72	-0.05	0.98	0.91	0.93	0.96	0.75	0.92	-0.92	0.88	1.0	-0.43	-0.95	0.88	0.57	-0.43	0.97	0.93	0.37	0.88		0.86	0.78
Net Working Capital	0.56	0.49	0.91	0.31	-0.3	0.92	0.69	0.74	0.7	0.95	0.68	-0.75	0.65	0.86	-0.23	-0.78	0.67	0.07	-0.48	0.88	0.71	-0.07	0.98	0.86		0.56
Intangible Assets	0.85	0.83	0.81	0.9	-0.41	0.82	0.97	0.9	0.75	0.29	0.96	-0.55	0.67	0.78	-0.05	-0.88	0.98	0.67	-0.63	0.86	0.95	0.76	0.5	0.78	0.56

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Balance Sheet is a snapshot of the financial position of Zhejiang HISUN Bioma at a specified time, usually calculated after every quarter, six months, or one year. Zhejiang HISUN Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Zhejiang HISUN 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 Net Interest Income vs Tax Provision Analysis

Net Interest Income vs Tax Provision

Net Interest Income vs Tax Provision Correlation Analysis

Correlation Coefficient

Net Interest Income

Tax Provision

Zhejiang HISUN fundamental ratios Correlations

Zhejiang HISUN Account Relationship Matchups

High Positive Relationship

High Negative Relationship

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Other Information on Investing in Zhejiang Stock

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Total Stockholder Equity	+ 1.0	Total Assets
Net Invested Capital	+ 1.0	Total Stockholder Equity
Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Inventory	+ 1.0	Property Plant And Equipment Net
Property Plant And Equipment Gross	+ 1.0	Property Plant And Equipment Net
Property Plant And Equipment Gross	+ 1.0	Non Current Assets Total

Capital Lease Obligations	- 1.0	Retained Earnings
Property Plant And Equipment Gross	- 0.97	Capital Lease Obligations
Net Invested Capital	- 0.96	Capital Lease Obligations
Capital Lease Obligations	- 0.96	Non Current Assets Total
Capital Lease Obligations	- 0.96	Property Plant And Equipment Net
Capital Lease Obligations	- 0.96	Total Assets