Nanjing Total Stockholder Equity vs Capital Stock Analysis

688273 Stock   25.20  0.33  1.33%   
Nanjing Medlander financial indicator trend analysis is infinitely more than just investigating Nanjing Medlander Medical recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Nanjing Medlander Medical is a good investment. Please check the relationship between Nanjing Medlander Total Stockholder Equity and its Capital Stock accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Nanjing Medlander Medical. 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 Capital Stock

Total Stockholder Equity vs Capital Stock Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Nanjing Medlander Medical Total Stockholder Equity account and Capital Stock. At this time, the significance of the direction appears to have totally related.
The correlation between Nanjing Medlander's Total Stockholder Equity and Capital Stock is 0.99. Overlapping area represents the amount of variation of Total Stockholder Equity that can explain the historical movement of Capital Stock in the same time period over historical financial statements of Nanjing Medlander Medical, assuming nothing else is changed. The correlation between historical values of Nanjing Medlander's Total Stockholder Equity 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 Total Stockholder Equity of Nanjing Medlander Medical 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 Total Stockholder Equity i.e., Nanjing Medlander's Total Stockholder Equity and Capital Stock go up and down completely randomly.

Correlation Coefficient

0.99
Relationship DirectionPositive 
Relationship StrengthVery Strong

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.

Capital Stock

The total amount of a company's capital funded by shareholders through the issue and subscription of shares.
Most indicators from Nanjing Medlander's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Nanjing Medlander Medical 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 Nanjing Medlander Medical. 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 10.4 M, whereas Selling General Administrative is forecasted to decline to about 98.9 M.
 2021 2022 2023 2024 (projected)
Interest Expense152.7K300.9K380.9K255.7K
Interest Income780.5K9.3M14.9M15.6M

Nanjing Medlander fundamental ratios Correlations

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1.00.870.971.00.910.940.880.990.850.72-0.54-0.580.990.910.80.96-0.260.960.93-0.731.00.991.00.930.72
0.940.640.960.931.00.880.960.890.980.88-0.7-0.720.930.930.590.85-0.240.950.93-0.590.90.930.90.990.92
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0.720.310.790.710.940.670.890.650.960.96-0.74-0.830.760.780.270.59-0.260.790.720.92-0.340.670.760.660.9
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Nanjing Medlander Account Relationship Matchups

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Other Information on Investing in Nanjing Stock

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