TCL Net Tangible Assets vs Total Stockholder Equity Analysis

002129 Stock

8.21 0.36 4.20%

TCL Zhonghuan financial indicator trend analysis is much more than just breaking down TCL Zhonghuan Renewable prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether TCL Zhonghuan Renewable is a good investment. Please check the relationship between TCL Zhonghuan Net Tangible Assets and its Total Stockholder Equity accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in TCL Zhonghuan Renewable. 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 Tangible Assets vs Total Stockholder Equity

Net Tangible Assets vs Total Stockholder Equity Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of TCL Zhonghuan Renewable Net Tangible Assets account and Total Stockholder Equity. At this time, the significance of the direction appears to have almost identical trend.

The correlation between TCL Zhonghuan's Net Tangible Assets and Total Stockholder Equity is 0.98. Overlapping area represents the amount of variation of Net Tangible Assets that can explain the historical movement of Total Stockholder Equity in the same time period over historical financial statements of TCL Zhonghuan Renewable, assuming nothing else is changed. The correlation between historical values of TCL Zhonghuan's Net Tangible Assets and Total Stockholder Equity 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 Tangible Assets of TCL Zhonghuan Renewable are associated (or correlated) with its Total Stockholder Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Stockholder Equity has no effect on the direction of Net Tangible Assets i.e., TCL Zhonghuan's Net Tangible Assets and Total Stockholder Equity go up and down completely randomly.

Correlation Coefficient

0.98

Relationship Direction	Positive
Relationship Strength	Very Strong

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Net Tangible Assets

The total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company.

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.

Most indicators from TCL Zhonghuan's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into TCL Zhonghuan Renewable 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 TCL Zhonghuan Renewable. 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 1.4 B. The current year's Tax Provision is expected to grow to about 779 M

	2022	2023	2024	2025 (projected)
Operating Income	8.0B	8.2B	9.4B	9.9B
Total Revenue	67.0B	59.1B	68.0B	71.4B

Operating Income Total Revenue

TCL Zhonghuan fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Retained Earnings	Accounts Payable	Cash	Other Assets	Long Term Debt	Net Receivables	Inventory	Other Current Assets	Total Liab	Common Stock	Property Plant Equipment	Intangible Assets	Good Will	Short Term Investments	Net Tangible Assets	Deferred Long Term Liab	Long Term Investments	Short Long Term Debt	Total Current Assets	Short Term Debt	Non Current Assets Total
Total Assets		0.05	0.95	0.99	0.97	0.98	0.99	0.92	0.95	0.99	0.82	0.97	0.84	1.0	0.83	1.0	0.99	0.83	0.9	0.97	0.85	0.86	-0.5	0.89	0.73	0.99
Other Current Liab	0.05		0.24	0.09	0.16	-0.03	0.09	0.29	0.25	-0.04	0.18	-0.13	0.35	0.06	0.26	0.13	0.14	-0.44	-0.1	0.09	0.4	0.31	0.18	0.14	0.4	0.0
Total Current Liabilities	0.95	0.24		0.94	0.92	0.88	0.96	0.97	0.98	0.91	0.88	0.85	0.81	0.95	0.91	0.96	0.97	0.67	0.76	0.89	0.86	0.96	-0.3	0.84	0.85	0.91
Total Stockholder Equity	0.99	0.09	0.94		0.97	0.98	0.97	0.93	0.95	0.97	0.82	0.96	0.86	0.98	0.84	0.99	0.98	0.81	0.9	0.98	0.86	0.84	-0.51	0.89	0.73	0.98
Other Liab	0.97	0.16	0.92	0.97		0.97	0.97	0.88	0.9	0.95	0.79	0.93	0.84	0.96	0.73	0.98	0.97	0.77	0.9	0.99	0.89	0.83	-0.6	0.9	0.67	0.98
Retained Earnings	0.98	-0.03	0.88	0.98	0.97		0.97	0.84	0.88	0.99	0.74	0.99	0.83	0.98	0.73	0.97	0.95	0.87	0.96	0.98	0.81	0.77	-0.6	0.89	0.63	0.99
Accounts Payable	0.99	0.09	0.96	0.97	0.97	0.97		0.91	0.94	0.98	0.81	0.94	0.84	0.99	0.81	0.99	0.97	0.77	0.91	0.96	0.84	0.87	-0.49	0.89	0.72	0.98
Cash	0.92	0.29	0.97	0.93	0.88	0.84	0.91		0.99	0.87	0.9	0.81	0.8	0.92	0.96	0.93	0.94	0.62	0.7	0.86	0.87	0.93	-0.23	0.81	0.87	0.87
Other Assets	0.95	0.25	0.98	0.95	0.9	0.88	0.94	0.99		0.9	0.9	0.84	0.82	0.94	0.94	0.95	0.96	0.67	0.75	0.89	0.87	0.93	-0.28	0.83	0.86	0.9
Long Term Debt	0.99	-0.04	0.91	0.97	0.95	0.99	0.98	0.87	0.9		0.76	0.98	0.82	0.99	0.77	0.98	0.96	0.86	0.94	0.96	0.79	0.81	-0.52	0.88	0.68	0.99
Net Receivables	0.82	0.18	0.88	0.82	0.79	0.74	0.81	0.9	0.9	0.76		0.7	0.66	0.81	0.82	0.81	0.84	0.59	0.58	0.75	0.79	0.89	-0.14	0.73	0.75	0.77
Inventory	0.97	-0.13	0.85	0.96	0.93	0.99	0.94	0.81	0.84	0.98	0.7		0.8	0.96	0.71	0.95	0.92	0.91	0.96	0.96	0.73	0.71	-0.61	0.85	0.57	0.98
Other Current Assets	0.84	0.35	0.81	0.86	0.84	0.83	0.84	0.8	0.82	0.82	0.66	0.8		0.84	0.69	0.86	0.82	0.52	0.81	0.86	0.79	0.7	-0.42	0.8	0.65	0.81
Total Liab	1.0	0.06	0.95	0.98	0.96	0.98	0.99	0.92	0.94	0.99	0.81	0.96	0.84		0.83	1.0	0.98	0.81	0.91	0.96	0.83	0.87	-0.48	0.89	0.74	0.99
Common Stock	0.83	0.26	0.91	0.84	0.73	0.73	0.81	0.96	0.94	0.77	0.82	0.71	0.69	0.83		0.83	0.84	0.54	0.58	0.72	0.74	0.87	-0.06	0.67	0.88	0.75
Property Plant Equipment	1.0	0.13	0.96	0.99	0.98	0.97	0.99	0.93	0.95	0.98	0.81	0.95	0.86	1.0	0.83		0.99	0.78	0.9	0.97	0.87	0.88	-0.5	0.9	0.75	0.99
Intangible Assets	0.99	0.14	0.97	0.98	0.97	0.95	0.97	0.94	0.96	0.96	0.84	0.92	0.82	0.98	0.84	0.99		0.78	0.85	0.96	0.89	0.91	-0.46	0.88	0.78	0.98
Good Will	0.83	-0.44	0.67	0.81	0.77	0.87	0.77	0.62	0.67	0.86	0.59	0.91	0.52	0.81	0.54	0.78	0.78		0.81	0.81	0.53	0.56	-0.56	0.68	0.42	0.86
Short Term Investments	0.9	-0.1	0.76	0.9	0.9	0.96	0.91	0.7	0.75	0.94	0.58	0.96	0.81	0.91	0.58	0.9	0.85	0.81		0.94	0.69	0.6	-0.69	0.84	0.45	0.93
Net Tangible Assets	0.97	0.09	0.89	0.98	0.99	0.98	0.96	0.86	0.89	0.96	0.75	0.96	0.86	0.96	0.72	0.97	0.96	0.81	0.94		0.86	0.77	-0.64	0.89	0.63	0.98
Deferred Long Term Liab	0.85	0.4	0.86	0.86	0.89	0.81	0.84	0.87	0.87	0.79	0.79	0.73	0.79	0.83	0.74	0.87	0.89	0.53	0.69	0.86		0.83	-0.42	0.93	0.77	0.83
Long Term Investments	0.86	0.31	0.96	0.84	0.83	0.77	0.87	0.93	0.93	0.81	0.89	0.71	0.7	0.87	0.87	0.88	0.91	0.56	0.6	0.77	0.83		-0.13	0.76	0.89	0.82
Short Long Term Debt	-0.5	0.18	-0.3	-0.51	-0.6	-0.6	-0.49	-0.23	-0.28	-0.52	-0.14	-0.61	-0.42	-0.48	-0.06	-0.5	-0.46	-0.56	-0.69	-0.64	-0.42	-0.13		-0.53	0.13	-0.58
Total Current Assets	0.89	0.14	0.84	0.89	0.9	0.89	0.89	0.81	0.83	0.88	0.73	0.85	0.8	0.89	0.67	0.9	0.88	0.68	0.84	0.89	0.93	0.76	-0.53		0.68	0.89
Short Term Debt	0.73	0.4	0.85	0.73	0.67	0.63	0.72	0.87	0.86	0.68	0.75	0.57	0.65	0.74	0.88	0.75	0.78	0.42	0.45	0.63	0.77	0.89	0.13	0.68		0.66
Non Current Assets Total	0.99	0.0	0.91	0.98	0.98	0.99	0.98	0.87	0.9	0.99	0.77	0.98	0.81	0.99	0.75	0.99	0.98	0.86	0.93	0.98	0.83	0.82	-0.58	0.89	0.66

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TCL Zhonghuan Account Relationship Matchups

TCL Zhonghuan fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	58.7B	78.0B	109.1B	125.1B	143.8B	151.0B
Other Current Liab	2.0B	3.0B	2.7B	106.6M	122.6M	116.5M
Total Current Liabilities	17.3B	20.4B	23.0B	22.3B	25.7B	27.0B
Total Stockholder Equity	19.2B	31.7B	37.6B	41.5B	47.7B	50.1B
Other Liab	600.6M	828.8M	1.5B	1.9B	2.2B	2.3B
Retained Earnings	3.8B	7.6B	14.1B	16.3B	18.8B	19.7B
Accounts Payable	7.5B	8.9B	16.6B	15.4B	17.7B	18.6B
Cash	7.5B	10.7B	10.2B	10.0B	11.5B	12.1B
Other Assets	3.1B	3.1B	4.5B	4.6B	5.3B	5.6B
Long Term Debt	11.2B	12.6B	31.9B	35.5B	40.8B	42.8B
Net Receivables	2.1B	6.8B	3.8B	5.4B	6.2B	6.5B
Inventory	2.1B	3.1B	6.4B	8.2B	9.4B	9.9B
Other Current Assets	857.3M	2.0B	2.9B	1.8B	2.1B	2.2B
Total Liab	30.6B	36.3B	62.1B	64.8B	74.5B	78.3B
Property Plant Equipment	25.6B	33.3B	40.6B	60.1B	69.1B	72.6B
Intangible Assets	3.3B	4.1B	4.7B	5.4B	6.2B	6.6B
Net Tangible Assets	12.0B	16.4B	28.6B	33.7B	38.8B	40.7B
Deferred Long Term Liab	890.5M	980.6M	1.5B	1.3B	1.5B	901.7M
Short Long Term Debt	1.7B	1.4B	650.6M	250.1M	225.1M	213.9M
Total Current Assets	16.1B	24.5B	31.8B	34.6B	39.8B	20.3B
Non Current Assets Total	42.6B	53.5B	77.3B	90.4B	104.0B	109.2B
Non Currrent Assets Other	34.5B	2.2B	2.6B	6.1B	7.1B	6.9B
Non Current Liabilities Total	13.3B	15.9B	39.1B	42.5B	48.9B	51.3B
Net Debt	5.4B	3.3B	22.4B	25.7B	29.6B	31.0B
Common Stock Shares Outstanding	3.0B	3.2B	3.2B	4.0B	4.6B	3.4B
Other Stockholder Equity	779.1M	18.5M	22.6M	24.2M	21.7M	20.7M
Net Invested Capital	32.1B	45.7B	70.2B	77.2B	88.8B	47.3B
Net Working Capital	(1.2B)	4.0B	8.8B	12.3B	14.1B	14.9B
Capital Stock	3.0B	3.2B	3.2B	4.0B	4.6B	3.5B
Property Plant And Equipment Net	33.3B	40.6B	60.1B	72.8B	83.7B	51.1B
Property Plant And Equipment Gross	41.0B	49.0B	60.1B	90.4B	104.0B	59.9B

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

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TCL Net Tangible Assets vs Total Stockholder Equity Analysis

Net Tangible Assets vs Total Stockholder Equity

Net Tangible Assets vs Total Stockholder Equity Correlation Analysis

Correlation Coefficient

Net Tangible Assets

Total Stockholder Equity

TCL Zhonghuan fundamental ratios Correlations

TCL Zhonghuan Account Relationship Matchups

High Positive Relationship

High Negative Relationship

TCL Zhonghuan fundamental ratios Accounts

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Other Information on Investing in TCL Stock

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Total Liab	+ 1.0	Total Assets
Property Plant Equipment	+ 1.0	Total Assets
Property Plant Equipment	+ 1.0	Total Liab
Total Stockholder Equity	+ 0.99	Total Assets
Accounts Payable	+ 0.99	Total Assets
Long Term Debt	+ 0.99	Total Assets

Short Long Term Debt	- 0.69	Short Term Investments
Short Long Term Debt	- 0.64	Net Tangible Assets
Short Long Term Debt	- 0.61	Inventory
Short Long Term Debt	- 0.6	Retained Earnings
Short Long Term Debt	- 0.6	Other Liab
Non Current Assets Total	- 0.58	Short Long Term Debt