TCL Total Stockholder Equity vs Total Assets Analysis

002129 Stock   9.26  0.10  1.07%   
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 Total Stockholder Equity and its Total Assets 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.

Total Stockholder Equity vs Total Assets

Total Stockholder Equity vs Total Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of TCL Zhonghuan Renewable Total Stockholder Equity account and Total Assets. At this time, the significance of the direction appears to have totally related.
The correlation between TCL Zhonghuan's Total Stockholder Equity and Total Assets is 0.99. Overlapping area represents the amount of variation of Total Stockholder Equity that can explain the historical movement of Total Assets 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 Total Stockholder Equity and Total Assets 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 TCL Zhonghuan Renewable are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Total Stockholder Equity i.e., TCL Zhonghuan's Total Stockholder Equity and Total Assets 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.

Total Assets

Total assets refers to the total amount of TCL Zhonghuan assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in TCL Zhonghuan Renewable books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.
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 1.2 B. The current year's Tax Provision is expected to grow to about 677.4 M
 2021 2022 2023 2024 (projected)
Operating Income5.9B8.0B8.2B8.6B
Total Revenue41.1B67.0B59.1B62.1B

TCL Zhonghuan fundamental ratios Correlations

0.230.940.990.970.980.980.90.960.980.780.950.811.00.841.00.980.740.780.960.860.88-0.420.90.750.92
0.230.420.270.260.130.250.450.330.120.310.010.490.230.320.220.32-0.390.150.180.520.380.120.360.470.33
0.940.420.930.880.850.940.970.970.880.860.80.780.940.910.930.960.540.620.840.860.96-0.180.840.860.87
0.990.270.930.960.970.960.920.960.960.770.940.840.980.860.990.980.710.780.970.870.85-0.430.90.740.91
0.970.260.880.960.980.950.830.90.940.730.930.790.960.720.970.960.740.80.980.880.82-0.550.910.650.92
0.980.130.850.970.980.960.80.890.980.670.980.810.970.730.980.940.80.860.990.80.77-0.550.890.630.9
0.980.250.940.960.950.960.880.940.970.760.930.810.990.810.980.960.670.810.940.840.88-0.410.910.730.92
0.90.450.970.920.830.80.880.980.830.880.750.760.90.960.890.930.490.570.80.860.93-0.110.810.880.82
0.960.330.970.960.90.890.940.980.910.870.850.780.950.940.950.970.630.640.880.860.93-0.210.850.850.87
0.980.120.880.960.940.980.970.830.910.70.970.790.990.780.980.940.780.830.950.780.82-0.440.880.680.9
0.780.310.860.770.730.670.760.880.870.70.620.60.770.790.760.80.470.40.680.770.87-0.010.710.730.69
0.950.010.80.940.930.980.930.750.850.970.620.770.950.720.950.890.850.850.960.720.71-0.560.840.560.85
0.810.490.780.840.790.810.810.760.780.790.60.770.820.650.810.790.40.780.810.770.65-0.340.820.630.8
1.00.230.940.980.960.970.990.90.950.990.770.950.820.840.990.980.720.790.950.840.89-0.380.90.760.92
0.840.320.910.860.720.730.810.960.940.780.790.720.650.840.830.850.520.470.710.720.860.00.680.870.72
1.00.220.930.990.970.980.980.890.950.980.760.950.810.990.830.980.750.790.970.850.88-0.430.90.740.92
0.980.320.960.980.960.940.960.930.970.940.80.890.790.980.850.980.680.710.940.90.93-0.370.890.80.92
0.74-0.390.540.710.740.80.670.490.630.780.470.850.40.720.520.750.680.550.780.450.52-0.490.550.370.59
0.780.150.620.780.80.860.810.570.640.830.40.850.780.790.470.790.710.550.830.710.49-0.610.880.40.87
0.960.180.840.970.980.990.940.80.880.950.680.960.810.950.710.970.940.780.830.840.76-0.590.890.610.9
0.860.520.860.870.880.80.840.860.860.780.770.720.770.840.720.850.90.450.710.840.82-0.360.940.760.94
0.880.380.960.850.820.770.880.930.930.820.870.710.650.890.860.880.930.520.490.760.82-0.060.780.890.81
-0.420.12-0.18-0.43-0.55-0.55-0.41-0.11-0.21-0.44-0.01-0.56-0.34-0.380.0-0.43-0.37-0.49-0.61-0.59-0.36-0.06-0.460.21-0.45
0.90.360.840.90.910.890.910.810.850.880.710.840.820.90.680.90.890.550.880.890.940.78-0.460.680.99
0.750.470.860.740.650.630.730.880.850.680.730.560.630.760.870.740.80.370.40.610.760.890.210.680.72
0.920.330.870.910.920.90.920.820.870.90.690.850.80.920.720.920.920.590.870.90.940.81-0.450.990.72
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TCL Zhonghuan Account Relationship Matchups

TCL Zhonghuan fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets49.1B58.7B78.0B109.1B125.1B131.3B
Other Current Liab1.4B2.0B3.0B2.7B106.6M101.3M
Total Current Liabilities15.6B17.3B20.4B23.0B22.3B23.4B
Total Stockholder Equity14.1B19.2B31.7B37.6B41.5B43.6B
Other Liab600.6M828.8M1.5B1.9B2.2B2.3B
Retained Earnings2.8B3.8B7.6B14.1B16.3B17.2B
Accounts Payable6.4B7.5B8.9B16.6B15.4B16.1B
Cash7.7B7.5B10.7B10.2B10.0B10.5B
Other Assets3.1B3.1B4.5B4.6B5.3B5.6B
Long Term Debt12.4B11.2B12.6B31.9B35.5B37.3B
Net Receivables6.2B2.1B6.8B3.8B5.4B5.7B
Inventory1.6B2.1B3.1B6.4B8.2B8.6B
Other Current Assets747.2M857.3M2.0B2.9B1.8B1.9B
Total Liab28.6B30.6B36.3B62.1B64.8B68.1B
Property Plant Equipment25.6B33.3B40.6B60.1B69.1B72.6B
Intangible Assets2.5B3.3B4.1B4.7B5.4B5.7B
Net Tangible Assets12.0B16.4B28.6B33.7B38.8B40.7B
Deferred Long Term Liab890.5M980.6M1.5B1.3B1.5B901.7M
Short Long Term Debt4.4B1.7B1.4B650.6M250.1M237.6M
Total Current Assets16.2B16.1B24.5B31.8B34.6B20.3B
Non Current Assets Total32.9B42.6B53.5B77.3B90.4B49.5B
Non Currrent Assets Other1.2B34.5B2.2B2.6B6.1B6.9B
Non Current Liabilities Total13.0B13.3B15.9B39.1B42.5B44.6B
Non Current Liabilities Other7.3B10.7B20M47.1M75.4M71.7M
Net Debt7.4B5.4B3.3B22.4B25.7B27.0B
Other Stockholder Equity779.1M18.5M22.6M24.2M21.7M20.7M
Net Invested Capital29.2B32.1B45.7B70.2B77.2B47.3B
Net Working Capital625.2M(1.2B)4.0B8.8B12.3B12.9B

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Other Information on Investing in TCL Stock

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.