| 688590 Stock | | | 18.05 3.01 20.01% |
Shanghai Newtouch financial indicator trend analysis is much more than just breaking down Shanghai Newtouch prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Shanghai Newtouch is a good investment. Please check the relationship between Shanghai Newtouch Net Income and its Interest Expense accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Shanghai Newtouch Software. 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 vs Interest Expense
Net Income vs Interest Expense Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Shanghai Newtouch Net Income account and
Interest Expense. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Shanghai Newtouch's Net Income and Interest Expense is -0.19. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Interest Expense in the same time period over historical financial statements of Shanghai Newtouch Software, assuming nothing else is changed. The correlation between historical values of Shanghai Newtouch's Net Income 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 of Shanghai Newtouch Software 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 i.e., Shanghai Newtouch's Net Income and Interest Expense go up and down completely randomly.
Correlation Coefficient | -0.19 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Shanghai Newtouch financial statement analysis. It represents the amount of money remaining after all of Shanghai Newtouch Software operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.
Interest Expense
The cost incurred by an entity for borrowed funds, including loans, bonds, or lines of credit.
Most indicators from Shanghai Newtouch's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Shanghai Newtouch 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 Newtouch Software. 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 (5.4
M). In addition to that,
Selling General Administrative is expected to decline to about 43.2
M | 2022 | 2023 | 2024 | 2025 (projected) |
Interest Expense | 28.2M | 49.7M | 57.1M | 33.8M | Interest Income | 4.3M | 5.2M | 6.0M | 3.8M |
Shanghai Newtouch fundamental ratios Correlations
Click cells to compare fundamentals
Shanghai Newtouch Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Shanghai Newtouch fundamental ratios Accounts
Currently Active Assets on Macroaxis
Other Information on Investing in Shanghai Stock
Balance Sheet is a snapshot of the
financial position of Shanghai Newtouch at a specified time, usually calculated after every quarter, six months, or one year. Shanghai Newtouch Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Shanghai Newtouch 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.