Cowealth Interest Income vs Interest Expense Analysis

603122 Stock

7.50 0.15 2.04%

Cowealth Medical financial indicator trend analysis is way more than just evaluating Cowealth Medical China prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Cowealth Medical China is a good investment. Please check the relationship between Cowealth Medical Interest Income and its Interest Expense accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cowealth Medical China. 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.

Interest Income vs Interest Expense

Interest Income vs Interest Expense Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Cowealth Medical China Interest Income account and Interest Expense. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Cowealth Medical's Interest Income and Interest Expense is -0.27. Overlapping area represents the amount of variation of Interest Income that can explain the historical movement of Interest Expense in the same time period over historical financial statements of Cowealth Medical China, assuming nothing else is changed. The correlation between historical values of Cowealth Medical's Interest 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 Interest Income of Cowealth Medical China 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 Interest Income i.e., Cowealth Medical's Interest Income and Interest Expense go up and down completely randomly.

Correlation Coefficient

-0.27

Relationship Direction	Negative
Relationship Strength	Insignificant

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Interest Income

Income earned from the investment of cash or from lending money to others, including interest from bank accounts, bonds, or other interest-bearing investments.

Interest Expense

The cost incurred by an entity for borrowed funds, including loans, bonds, or lines of credit.

Most indicators from Cowealth Medical's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Cowealth Medical China 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 Cowealth Medical China. 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 20.9 M, whereas Selling General Administrative is forecasted to decline to about 97.7 M.

	2021	2022	2023	2024 (projected)
Interest Expense	4.6M	4.2M	5.9M	5.2M
Interest Income	4.7M	9.1M	9.3M	6.9M

Interest Expense Interest Income

Cowealth Medical fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Long Term Debt	Net Receivables	Common Stock Shares Outstanding	Short Term Investments	Non Current Liabilities Total	Inventory	Other Current Assets	Total Liab	Net Invested Capital	Short Long Term Debt	Total Current Assets	Capital Stock	Net Working Capital	Intangible Assets	Property Plant And Equipment Net	Capital Lease Obligations
Total Assets		-0.69	-0.29	0.99	-0.59	0.78	0.95	0.78	0.66	0.73	-0.58	0.98	0.93	-0.67	0.07	0.84	0.5	-0.26	0.99	-0.81	1.0	0.93	0.99	0.67	0.35	-0.92
Other Current Liab	-0.69		0.26	-0.66	0.53	-0.87	-0.64	-0.91	-0.64	-0.73	0.61	-0.77	-0.71	1.0	-0.59	-0.95	-0.58	0.15	-0.69	0.17	-0.66	-0.71	-0.66	-0.53	-0.35	0.8
Total Current Liabilities	-0.29	0.26		-0.36	0.79	-0.4	-0.05	0.03	-0.69	-0.68	0.6	-0.36	-0.41	0.24	0.3	-0.35	-0.78	0.99	-0.38	0.27	-0.22	-0.41	-0.3	-0.78	-0.69	0.55
Total Stockholder Equity	0.99	-0.66	-0.36		-0.58	0.78	0.9	0.7	0.73	0.8	-0.58	0.99	0.96	-0.63	-0.02	0.83	0.6	-0.34	1.0	-0.82	0.97	0.96	0.99	0.69	0.43	-0.94
Net Debt	-0.59	0.53	0.79	-0.58		-0.48	-0.38	-0.41	-0.76	-0.66	0.9	-0.61	-0.63	0.53	0.13	-0.55	-0.52	0.76	-0.6	0.5	-0.54	-0.63	-0.53	-0.95	-0.72	0.73
Retained Earnings	0.78	-0.87	-0.4	0.78	-0.48		0.76	0.78	0.58	0.79	-0.39	0.85	0.73	-0.87	0.5	0.97	0.77	-0.3	0.81	-0.31	0.76	0.73	0.79	0.48	0.2	-0.84
Accounts Payable	0.95	-0.64	-0.05	0.9	-0.38	0.76		0.82	0.39	0.52	-0.34	0.91	0.78	-0.64	0.27	0.8	0.33	0.0	0.9	-0.72	0.97	0.78	0.94	0.42	0.04	-0.77
Cash	0.78	-0.91	0.03	0.7	-0.41	0.78	0.82		0.43	0.51	-0.48	0.79	0.68	-0.92	0.61	0.89	0.29	0.13	0.73	-0.33	0.79	0.68	0.73	0.38	0.1	-0.72
Non Current Assets Total	0.66	-0.64	-0.69	0.73	-0.76	0.58	0.39	0.43		0.94	-0.87	0.74	0.87	-0.58	-0.23	0.66	0.75	-0.69	0.73	-0.53	0.59	0.87	0.66	0.91	0.91	-0.88
Non Currrent Assets Other	0.73	-0.73	-0.68	0.8	-0.66	0.79	0.52	0.51	0.94		-0.7	0.83	0.88	-0.68	-0.03	0.81	0.91	-0.65	0.82	-0.48	0.67	0.88	0.76	0.8	0.72	-0.93
Long Term Debt	-0.58	0.61	0.6	-0.58	0.9	-0.39	-0.34	-0.48	-0.87	-0.7		-0.62	-0.72	0.58	0.17	-0.55	-0.44	0.59	-0.59	0.48	-0.52	-0.72	-0.52	-0.94	-0.87	0.75
Net Receivables	0.98	-0.77	-0.36	0.99	-0.61	0.85	0.91	0.79	0.74	0.83	-0.62		0.96	-0.75	0.12	0.9	0.62	-0.32	0.99	-0.73	0.97	0.96	0.98	0.7	0.43	-0.96
Common Stock Shares Outstanding	0.93	-0.71	-0.41	0.96	-0.63	0.73	0.78	0.68	0.87	0.88	-0.72	0.96		-0.67	-0.08	0.82	0.64	-0.4	0.96	-0.76	0.89	1.0	0.93	0.78	0.63	-0.97
Short Term Investments	-0.67	1.0	0.24	-0.63	0.53	-0.87	-0.64	-0.92	-0.58	-0.68	0.58	-0.75	-0.67		-0.64	-0.94	-0.54	0.12	-0.67	0.14	-0.65	-0.67	-0.63	-0.49	-0.28	0.77
Non Current Liabilities Total	0.07	-0.59	0.3	-0.02	0.13	0.5	0.27	0.61	-0.23	-0.03	0.17	0.12	-0.08	-0.64		0.48	0.04	0.44	0.03	0.47	0.11	-0.08	0.04	-0.3	-0.48	-0.05
Inventory	0.84	-0.95	-0.35	0.83	-0.55	0.97	0.8	0.89	0.66	0.81	-0.55	0.9	0.82	-0.94	0.48		0.69	-0.24	0.86	-0.38	0.82	0.82	0.83	0.57	0.31	-0.9
Other Current Assets	0.5	-0.58	-0.78	0.6	-0.52	0.77	0.33	0.29	0.75	0.91	-0.44	0.62	0.64	-0.54	0.04	0.69		-0.72	0.62	-0.24	0.45	0.64	0.56	0.61	0.54	-0.75
Total Liab	-0.26	0.15	0.99	-0.34	0.76	-0.3	0.0	0.13	-0.69	-0.65	0.59	-0.32	-0.4	0.12	0.44	-0.24	-0.72		-0.35	0.33	-0.19	-0.4	-0.27	-0.78	-0.73	0.51
Net Invested Capital	0.99	-0.69	-0.38	1.0	-0.6	0.81	0.9	0.73	0.73	0.82	-0.59	0.99	0.96	-0.67	0.03	0.86	0.62	-0.35		-0.8	0.97	0.96	0.99	0.7	0.42	-0.95
Short Long Term Debt	-0.81	0.17	0.27	-0.82	0.5	-0.31	-0.72	-0.33	-0.53	-0.48	0.48	-0.73	-0.76	0.14	0.47	-0.38	-0.24	0.33	-0.8		-0.81	-0.76	-0.81	-0.63	-0.4	0.66
Total Current Assets	1.0	-0.66	-0.22	0.97	-0.54	0.76	0.97	0.79	0.59	0.67	-0.52	0.97	0.89	-0.65	0.11	0.82	0.45	-0.19	0.97	-0.81		0.89	0.99	0.61	0.27	-0.88
Capital Stock	0.93	-0.71	-0.41	0.96	-0.63	0.73	0.78	0.68	0.87	0.88	-0.72	0.96	1.0	-0.67	-0.08	0.82	0.64	-0.4	0.96	-0.76	0.89		0.93	0.78	0.63	-0.97
Net Working Capital	0.99	-0.66	-0.3	0.99	-0.53	0.79	0.94	0.73	0.66	0.76	-0.52	0.98	0.93	-0.63	0.04	0.83	0.56	-0.27	0.99	-0.81	0.99	0.93		0.63	0.34	-0.91
Intangible Assets	0.67	-0.53	-0.78	0.69	-0.95	0.48	0.42	0.38	0.91	0.8	-0.94	0.7	0.78	-0.49	-0.3	0.57	0.61	-0.78	0.7	-0.63	0.61	0.78	0.63		0.87	-0.83
Property Plant And Equipment Net	0.35	-0.35	-0.69	0.43	-0.72	0.2	0.04	0.1	0.91	0.72	-0.87	0.43	0.63	-0.28	-0.48	0.31	0.54	-0.73	0.42	-0.4	0.27	0.63	0.34	0.87		-0.62
Capital Lease Obligations	-0.92	0.8	0.55	-0.94	0.73	-0.84	-0.77	-0.72	-0.88	-0.93	0.75	-0.96	-0.97	0.77	-0.05	-0.9	-0.75	0.51	-0.95	0.66	-0.88	-0.97	-0.91	-0.83	-0.62

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Cowealth Medical Account Relationship Matchups

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Other Information on Investing in Cowealth Stock

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

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Cowealth Interest Income vs Interest Expense Analysis

Interest Income vs Interest Expense

Interest Income vs Interest Expense Correlation Analysis

Correlation Coefficient

Interest Income

Interest Expense

Cowealth Medical fundamental ratios Correlations

Cowealth Medical Account Relationship Matchups

High Positive Relationship

High Negative Relationship

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Other Information on Investing in Cowealth Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Current Assets	+ 1.0	Total Assets
Short Term Investments	+ 1.0	Other Current Liab
Net Invested Capital	+ 1.0	Total Stockholder Equity
Capital Stock	+ 1.0	Common Stock Shares Outstanding
Total Stockholder Equity	+ 0.99	Total Assets
Net Invested Capital	+ 0.99	Total Assets

Capital Lease Obligations	- 0.97	Capital Stock
Capital Lease Obligations	- 0.97	Common Stock Shares Outstanding
Capital Lease Obligations	- 0.96	Net Receivables
Capital Lease Obligations	- 0.95	Net Invested Capital
Intangible Assets	- 0.95	Net Debt
Inventory	- 0.95	Other Current Liab