Heilongjiang Total Other Income Expense Net vs Minority Interest Analysis

601188 Stock   3.89  0.01  0.26%   
Heilongjiang Transport financial indicator trend analysis is much more than just examining Heilongjiang Transport latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Heilongjiang Transport is a good investment. Please check the relationship between Heilongjiang Transport Total Other Income Expense Net and its Minority Interest accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Heilongjiang Transport Development. 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 Other Income Expense Net vs Minority Interest

Total Other Income Expense Net vs Minority Interest Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Heilongjiang Transport Total Other Income Expense Net account and Minority Interest. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Heilongjiang Transport's Total Other Income Expense Net and Minority Interest is -0.27. Overlapping area represents the amount of variation of Total Other Income Expense Net that can explain the historical movement of Minority Interest in the same time period over historical financial statements of Heilongjiang Transport Development, assuming nothing else is changed. The correlation between historical values of Heilongjiang Transport's Total Other Income Expense Net and Minority Interest 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 Other Income Expense Net of Heilongjiang Transport Development are associated (or correlated) with its Minority Interest. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Minority Interest has no effect on the direction of Total Other Income Expense Net i.e., Heilongjiang Transport's Total Other Income Expense Net and Minority Interest go up and down completely randomly.

Correlation Coefficient

-0.27
Relationship DirectionNegative 
Relationship StrengthInsignificant

Total Other Income Expense Net

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 Heilongjiang Transport Development whose combined shares represent less than 50% of the total outstanding shares issued by Heilongjiang Transport have a minority interest in Heilongjiang Transport.
Most indicators from Heilongjiang Transport's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Heilongjiang Transport 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 Heilongjiang Transport Development. 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 37 M. The current year's Tax Provision is expected to grow to about 49.3 M
 2021 2022 2023 2024 (projected)
Operating Income141.4M82.0M127.2M210.8M
Total Revenue536.7M435.3M652.4M686.7M

Heilongjiang Transport fundamental ratios Correlations

0.120.410.93-0.530.910.210.590.89-0.640.430.370.410.270.160.69-0.77-0.240.7-0.67-0.750.73-0.840.78-0.840.21
0.120.84-0.160.09-0.11-0.45-0.040.04-0.10.480.81-0.570.85-0.37-0.30.40.44-0.48-0.020.43-0.40.090.060.09-0.41
0.410.840.09-0.20.08-0.260.010.23-0.310.460.95-0.340.93-0.160.050.20.19-0.31-0.250.25-0.24-0.110.28-0.11-0.26
0.93-0.160.09-0.630.990.30.690.9-0.550.370.050.51-0.10.130.69-0.9-0.240.85-0.65-0.890.85-0.880.74-0.880.22
-0.530.09-0.2-0.63-0.59-0.06-0.42-0.560.18-0.27-0.11-0.230.15-0.09-0.540.530.14-0.40.420.43-0.410.49-0.440.49-0.1
0.91-0.110.080.99-0.590.230.740.92-0.520.460.030.42-0.110.030.61-0.88-0.150.83-0.66-0.890.85-0.890.73-0.890.15
0.21-0.45-0.260.3-0.060.230.030.19-0.16-0.38-0.340.75-0.270.020.16-0.48-0.080.38-0.04-0.430.35-0.240.29-0.240.0
0.59-0.040.010.69-0.420.740.030.75-0.070.5-0.110.14-0.16-0.140.25-0.62-0.030.59-0.6-0.670.63-0.750.65-0.75-0.11
0.890.040.230.9-0.560.920.190.75-0.430.50.150.350.070.030.57-0.83-0.120.76-0.83-0.820.8-0.950.8-0.950.11
-0.64-0.1-0.31-0.550.18-0.52-0.16-0.07-0.43-0.23-0.46-0.26-0.27-0.13-0.410.360.14-0.330.340.37-0.340.4-0.340.4-0.11
0.430.480.460.37-0.270.46-0.380.50.5-0.230.39-0.540.31-0.51-0.12-0.070.450.02-0.49-0.090.07-0.360.3-0.36-0.48
0.370.810.950.05-0.110.03-0.34-0.110.15-0.460.39-0.350.93-0.030.120.260.13-0.32-0.150.3-0.260.00.130.0-0.14
0.41-0.57-0.340.51-0.230.420.750.140.35-0.26-0.54-0.35-0.350.550.62-0.74-0.630.7-0.22-0.70.64-0.480.43-0.480.58
0.270.850.93-0.10.15-0.11-0.27-0.160.07-0.270.310.93-0.35-0.06-0.020.330.15-0.38-0.120.36-0.310.040.140.04-0.17
0.16-0.37-0.160.13-0.090.030.02-0.140.03-0.13-0.51-0.030.55-0.060.74-0.31-0.930.42-0.08-0.270.36-0.140.13-0.140.95
0.69-0.30.050.69-0.540.610.160.250.57-0.41-0.120.120.62-0.020.74-0.71-0.680.75-0.41-0.650.74-0.570.44-0.570.76
-0.770.40.2-0.90.53-0.88-0.48-0.62-0.830.36-0.070.26-0.740.33-0.31-0.710.41-0.960.60.98-0.960.88-0.720.88-0.42
-0.240.440.19-0.240.14-0.15-0.08-0.03-0.120.140.450.13-0.630.15-0.93-0.680.41-0.490.210.41-0.420.31-0.340.31-0.89
0.7-0.48-0.310.85-0.40.830.380.590.76-0.330.02-0.320.7-0.380.420.75-0.96-0.49-0.51-0.970.99-0.820.65-0.820.54
-0.67-0.02-0.25-0.650.42-0.66-0.04-0.6-0.830.34-0.49-0.15-0.22-0.12-0.08-0.410.60.21-0.510.6-0.530.84-0.650.84-0.1
-0.750.430.25-0.890.43-0.89-0.43-0.67-0.820.37-0.090.3-0.70.36-0.27-0.650.980.41-0.970.6-0.960.89-0.730.89-0.39
0.73-0.4-0.240.85-0.410.850.350.630.8-0.340.07-0.260.64-0.310.360.74-0.96-0.420.99-0.53-0.96-0.840.67-0.840.48
-0.840.09-0.11-0.880.49-0.89-0.24-0.75-0.950.4-0.360.0-0.480.04-0.14-0.570.880.31-0.820.840.89-0.84-0.891.0-0.23
0.780.060.280.74-0.440.730.290.650.8-0.340.30.130.430.140.130.44-0.72-0.340.65-0.65-0.730.67-0.89-0.890.17
-0.840.09-0.11-0.880.49-0.89-0.24-0.75-0.950.4-0.360.0-0.480.04-0.14-0.570.880.31-0.820.840.89-0.841.0-0.89-0.23
0.21-0.41-0.260.22-0.10.150.0-0.110.11-0.11-0.48-0.140.58-0.170.950.76-0.42-0.890.54-0.1-0.390.48-0.230.17-0.23
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Heilongjiang Transport Account Relationship Matchups

Heilongjiang Transport fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets5.2B5.2B5.0B5.2B5.4B5.0B
Other Current Liab277.8M232.7M292.5M17.7M14.6M13.9M
Total Current Liabilities570.8M474.3M337.8M499.6M328.8M509.9M
Total Stockholder Equity4.5B4.5B4.5B4.5B4.5B4.1B
Other Liab2.7M2.6M3.6M8.0M7.2M6.9M
Retained Earnings2.0B1.9B2.0B1.7B1.8B1.3B
Accounts Payable358.5K125.4K42.8M227.5M59.7M32.0M
Cash1.6B579.9M1.0B778.4M643.2M718.5M
Other Assets84.5M81.9M80.1M77.6M89.2M50.8M
Net Receivables63.1M8.9M8.0M10.2M18.6M17.7M
Short Term Investments103.5M107.1M43.5M40.0M23.0M21.9M
Inventory661.4M532.0M469.1M397.3M614.1M625.7M
Other Current Assets10.5M4.8M666.2M1.0B861.5M904.5M
Total Liab563.6M477.9M350.1M506.7M562.5M574.1M
Intangible Assets15.1M7.7M1.9M587.4K389.2M408.7M
Property Plant Equipment1.3B1.2B1.1B1.1B954.2M1.2B
Net Tangible Assets4.2B4.5B4.5B4.5B5.2B4.5B
Other Stockholder Equity19.5M25.7M14.8M23.7M21.3M13.2M
Deferred Long Term Liab6.8M6.6M6.3M5.6M5.0M6.1M
Total Current Assets2.5B2.3B2.2B2.5B2.2B2.5B
Non Current Assets Total2.8B2.8B2.8B2.7B3.2B3.1B
Non Currrent Assets Other2.8B100.6M279.8K19.7M1.6M1.5M
Non Current Liabilities Total2.6M3.6M12.3M7.1M233.7M245.4M
Non Current Liabilities Other60K10K1.0M552.5K635.4K452.7K
Net Invested Capital4.5B4.5B4.5B4.5B4.5B4.8B
Net Working Capital1.9B1.8B1.9B2.0B1.9B1.9B

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Other Information on Investing in Heilongjiang Stock

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