Huagong Minority Interest vs Interest Expense Analysis

000988 Stock   40.77  0.17  0.42%   
Huagong Tech financial indicator trend analysis is much more than just examining Huagong Tech latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Huagong Tech is a good investment. Please check the relationship between Huagong Tech Minority Interest and its Interest Expense accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Huagong Tech Co. 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.

Minority Interest vs Interest Expense

Minority Interest vs Interest Expense Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Huagong Tech Minority Interest account and Interest Expense. At this time, the significance of the direction appears to have significant contrarian relationship.
Minority InterestInterest ExpenseDiversified AwayMinority InterestInterest ExpenseDiversified Away100%
The correlation between Huagong Tech's Minority Interest and Interest Expense is -0.23. Overlapping area represents the amount of variation of Minority Interest that can explain the historical movement of Interest Expense in the same time period over historical financial statements of Huagong Tech Co, assuming nothing else is changed. The correlation between historical values of Huagong Tech's Minority Interest 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 Minority Interest of Huagong Tech Co 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 Minority Interest i.e., Huagong Tech's Minority Interest and Interest Expense go up and down completely randomly.

Correlation Coefficient

-0.23
Relationship DirectionNegative 
Relationship StrengthInsignificant

Minority Interest

Minority Interest is the portion of a subsidiary corporation stock that is not owned by the parent corporation. The magnitude of the minority interest in the subsidiary company is generally less than 50% of outstanding shares, otherwise the corporation would generally cease to be a subsidiary of the parent. Minority Interest can also be called non-controlling interest.All shareholders of Huagong Tech Co whose combined shares represent less than 50% of the total outstanding shares issued by Huagong Tech have a minority interest in Huagong Tech.

Interest Expense

The cost incurred by an entity for borrowed funds, including loans, bonds, or lines of credit.
Most indicators from Huagong Tech's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Huagong Tech 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 Huagong Tech Co. 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.
As of December 22, 2024, Selling General Administrative is expected to decline to about 59.6 M. In addition to that, Tax Provision is expected to decline to about 90.5 M
 2021 2022 2023 2024 (projected)
Gross Profit1.7B2.3B2.2B2.3B
Total Revenue10.2B12.0B10.2B10.7B

Huagong Tech fundamental ratios Correlations

0.910.490.980.990.930.78-0.110.920.980.970.460.981.00.780.90.960.510.991.00.890.760.980.670.520.98
0.910.510.850.860.80.590.280.710.870.870.30.870.930.60.980.790.620.930.910.950.640.950.370.270.92
0.490.510.490.420.60.160.330.40.340.620.280.340.510.360.580.450.120.540.440.370.510.50.050.390.53
0.980.850.490.960.910.8-0.150.970.940.980.590.940.970.760.850.980.440.980.970.850.710.950.690.540.95
0.990.860.420.960.940.77-0.220.910.990.940.390.980.980.820.840.960.530.950.990.880.80.960.740.570.96
0.930.80.60.910.940.72-0.170.850.90.930.370.90.920.820.790.920.430.90.920.790.910.910.650.70.9
0.780.590.160.80.770.72-0.380.820.80.740.530.80.740.610.640.840.20.770.780.540.520.750.610.410.72
-0.110.280.33-0.15-0.22-0.17-0.38-0.33-0.22-0.02-0.05-0.23-0.05-0.350.29-0.240.11-0.01-0.140.16-0.17-0.01-0.63-0.42-0.05
0.920.710.40.970.910.850.82-0.330.890.930.690.890.90.750.720.980.290.920.910.720.620.870.760.560.88
0.980.870.340.940.990.90.8-0.220.890.890.331.00.970.790.850.930.570.940.990.880.740.970.70.490.96
0.970.870.620.980.940.930.74-0.020.930.890.610.890.960.750.880.970.370.980.940.830.750.950.610.540.94
0.460.30.280.590.390.370.53-0.050.690.330.610.340.430.30.360.61-0.250.530.410.260.130.40.370.250.39
0.980.870.340.940.980.90.8-0.230.891.00.890.340.970.790.840.920.560.940.990.880.730.970.70.490.96
1.00.930.510.970.980.920.74-0.050.90.970.960.430.970.770.920.940.530.990.990.910.750.990.630.480.99
0.780.60.360.760.820.820.61-0.350.750.790.750.30.790.770.590.80.310.730.780.620.760.750.820.80.76
0.90.980.580.850.840.790.640.290.720.850.880.360.840.920.590.80.50.930.890.870.610.940.320.240.92
0.960.790.450.980.960.920.84-0.240.980.930.970.610.920.940.80.80.330.950.950.780.750.920.730.590.92
0.510.620.120.440.530.430.20.110.290.570.37-0.250.560.530.310.50.330.470.550.710.390.50.370.210.49
0.990.930.540.980.950.90.77-0.010.920.940.980.530.940.990.730.930.950.470.980.890.70.980.590.460.97
1.00.910.440.970.990.920.78-0.140.910.990.940.410.990.990.780.890.950.550.980.90.750.980.680.50.98
0.890.950.370.850.880.790.540.160.720.880.830.260.880.910.620.870.780.710.890.90.670.910.490.350.88
0.760.640.510.710.80.910.52-0.170.620.740.750.130.730.750.760.610.750.390.70.750.670.730.590.720.71
0.980.950.50.950.960.910.75-0.010.870.970.950.40.970.990.750.940.920.50.980.980.910.730.560.420.99
0.670.370.050.690.740.650.61-0.630.760.70.610.370.70.630.820.320.730.370.590.680.490.590.560.710.58
0.520.270.390.540.570.70.41-0.420.560.490.540.250.490.480.80.240.590.210.460.50.350.720.420.710.45
0.980.920.530.950.960.90.72-0.050.880.960.940.390.960.990.760.920.920.490.970.980.880.710.990.580.45
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Huagong Tech Account Relationship Matchups

Huagong Tech fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets9.6B11.1B13.9B16.8B17.4B18.3B
Short Long Term Debt Total691.8M933.4M1.9B3.0B4.4B4.6B
Other Current Liab169.3M74.7M347.4M655.3M574.3M603.0M
Total Current Liabilities3.2B4.0B4.9B6.7B5.4B5.7B
Total Stockholder Equity6.1B6.6B7.4B8.2B9.2B9.6B
Property Plant And Equipment Net1.5B1.5B1.7B1.9B2.0B2.1B
Current Deferred Revenue335.2M567.5M902.1M475.7M447.2M469.6M
Net Debt(1.9B)(2.3B)(1.4B)(351.5M)48.7M51.2M
Accounts Payable2.0B2.6B3.1B4.1B2.5B2.7B
Cash2.6B3.2B3.3B3.4B4.4B4.6B
Non Current Assets Total2.4B2.6B3.9B5.3B4.4B4.6B
Non Currrent Assets Other298.8M202.0M1.3B2.3B49.5M47.0M
Cash And Short Term Investments2.9B3.3B3.4B3.5B4.5B4.7B
Net Receivables3.1B3.4B4.5B5.6B6.2B6.5B
Common Stock Shares Outstanding900.4M1.0B1.0B1.0B1.2B919.9M
Liabilities And Stockholders Equity9.6B11.1B13.9B16.8B17.4B18.3B
Non Current Liabilities Total197.9M341.8M1.5B1.8B2.6B2.7B
Inventory1.3B1.7B2.0B2.4B1.9B2.0B
Other Current Assets41.4M62.6M20.7M40.8M487.5M511.9M
Total Liab3.4B4.4B6.5B8.5B8.0B8.4B
Total Current Assets7.3B8.5B10.0B11.5B13.0B13.7B
Short Term Debt639.8M781.1M584.0M1.5B1.9B2.0B
Intangible Assets319.0M329.9M323.0M314.2M400.3M420.3M
Retained Earnings2.4B2.9B3.6B4.4B5.3B5.6B
Other Stockholder Equity2.5B2.5B2.6B2.6B2.6B1.3B
Other Liab141.5M184.7M209.0M280.2M322.2M338.3M
Long Term Debt56.4M152.3M1.3B1.5B2.5B2.6B
Short Term Investments221.2M87.6M123.0M116.1M125.5M131.7M
Property Plant Equipment1.5B1.5B1.7B1.9B2.1B2.2B
Net Tangible Assets5.9B6.3B7.1B8.0B9.2B6.0B
Deferred Long Term Liab44.6M90.3M117.7M97.4M112.0M67.3M
Short Long Term Debt639.8M781.1M570.6M739.4M49.0M46.6M
Net Invested Capital6.8B7.6B9.2B10.5B11.7B9.1B
Net Working Capital4.1B4.4B5.0B4.8B7.6B5.2B

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Other Information on Investing in Huagong Stock

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