Zhende Total Stockholder Equity vs Cash Analysis

603301 Stock

22.66 0.02 0.09%

Zhende Medical financial indicator trend analysis is more than just analyzing Zhende Medical current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Zhende Medical is a good investment. Please check the relationship between Zhende Medical Total Stockholder Equity and its Cash accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Zhende Medical 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 board of governors.

Total Stockholder Equity vs Cash

Total Stockholder Equity vs Cash Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Zhende Medical Total Stockholder Equity account and Cash. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Zhende Medical's Total Stockholder Equity and Cash is 0.94. Overlapping area represents the amount of variation of Total Stockholder Equity that can explain the historical movement of Cash in the same time period over historical financial statements of Zhende Medical Co, assuming nothing else is changed. The correlation between historical values of Zhende Medical's Total Stockholder Equity and Cash 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 Zhende Medical Co are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Total Stockholder Equity i.e., Zhende Medical's Total Stockholder Equity and Cash go up and down completely randomly.

Correlation Coefficient

0.94

Relationship Direction	Positive
Relationship Strength	Very Strong

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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.

Cash

Cash refers to the most liquid asset of Zhende Medical, which is listed under current asset account on Zhende Medical Co balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Zhende Medical customers. The amounts must be unrestricted with restricted cash listed in a different Zhende Medical account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.

Most indicators from Zhende Medical's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Zhende Medical 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 Zhende Medical 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 board of governors.

As of December 23, 2024, Tax Provision is expected to decline to about 5.2 M. In addition to that, Selling General Administrative is expected to decline to about 394.3 M

	2021	2022	2023	2024 (projected)
Gross Profit	1.8B	2.1B	1.4B	1.6B
Total Revenue	5.1B	6.1B	4.1B	4.3B

Gross Profit Total Revenue

Zhende Medical fundamental ratios Correlations

	Other Liab	Net Tangible Assets	Retained Earnings	Other Assets	Common Stock	Property Plant Equipment	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Long Term Debt	Net Receivables	Good Will	Non Current Liabilities Total	Inventory	Other Current Assets	Total Liab	Short Long Term Debt	Total Current Assets	Short Term Debt	Intangible Assets	Net Debt
Other Liab		0.91	0.85	0.89	0.83	0.98	0.88	0.03	0.77	0.88	0.79	0.77	0.91	-0.71	0.54	0.83	0.95	0.77	0.79	0.46	0.83	-0.27	0.77	-0.82	0.9	-0.7
Net Tangible Assets	0.91		0.94	1.0	0.92	0.96	0.95	0.38	0.93	0.94	0.91	0.91	0.88	-0.82	0.54	0.93	0.85	0.74	0.95	0.66	0.93	-0.27	0.93	-0.84	0.84	-0.82
Retained Earnings	0.85	0.94		0.94	0.97	0.9	0.99	0.4	0.95	0.99	0.95	0.95	0.94	-0.74	0.56	0.96	0.75	0.78	0.97	0.63	0.97	-0.23	0.96	-0.67	0.92	-0.78
Other Assets	0.89	1.0	0.94		0.92	0.95	0.95	0.41	0.94	0.94	0.92	0.91	0.87	-0.79	0.54	0.93	0.83	0.73	0.96	0.67	0.94	-0.26	0.94	-0.83	0.83	-0.8
Common Stock	0.83	0.92	0.97	0.92		0.87	0.98	0.42	0.91	0.97	0.91	0.92	0.94	-0.81	0.63	0.95	0.73	0.82	0.96	0.63	0.95	-0.25	0.93	-0.71	0.91	-0.85
Property Plant Equipment	0.98	0.96	0.9	0.95	0.87		0.92	0.13	0.84	0.92	0.84	0.83	0.93	-0.76	0.57	0.88	0.95	0.79	0.86	0.53	0.89	-0.28	0.84	-0.86	0.91	-0.75
Total Assets	0.88	0.95	0.99	0.95	0.98	0.92		0.35	0.94	1.0	0.95	0.95	0.95	-0.78	0.63	0.97	0.79	0.84	0.97	0.58	0.97	-0.31	0.96	-0.73	0.93	-0.81
Other Current Liab	0.03	0.38	0.4	0.41	0.42	0.13	0.35		0.6	0.3	0.5	0.48	0.11	-0.29	0.02	0.44	-0.13	0.03	0.54	0.81	0.45	0.34	0.54	-0.05	0.03	-0.35
Total Current Liabilities	0.77	0.93	0.95	0.94	0.91	0.84	0.94	0.6		0.91	0.98	0.97	0.81	-0.73	0.51	0.97	0.63	0.69	0.98	0.79	0.97	-0.1	0.98	-0.62	0.77	-0.77
Total Stockholder Equity	0.88	0.94	0.99	0.94	0.97	0.92	1.0	0.3	0.91		0.93	0.94	0.97	-0.78	0.62	0.95	0.8	0.83	0.95	0.53	0.95	-0.36	0.94	-0.73	0.95	-0.81
Accounts Payable	0.79	0.91	0.95	0.92	0.91	0.84	0.95	0.5	0.98	0.93		1.0	0.83	-0.77	0.62	0.99	0.65	0.77	0.97	0.68	0.98	-0.23	0.99	-0.63	0.81	-0.8
Cash	0.77	0.91	0.95	0.91	0.92	0.83	0.95	0.48	0.97	0.94	1.0		0.83	-0.78	0.66	0.98	0.64	0.79	0.97	0.63	0.98	-0.32	0.99	-0.63	0.81	-0.81
Non Current Assets Total	0.91	0.88	0.94	0.87	0.94	0.93	0.95	0.11	0.81	0.97	0.83	0.83		-0.71	0.6	0.87	0.86	0.85	0.85	0.42	0.88	-0.33	0.83	-0.73	0.99	-0.73
Non Currrent Assets Other	-0.71	-0.82	-0.74	-0.79	-0.81	-0.76	-0.78	-0.29	-0.73	-0.78	-0.77	-0.78	-0.71		-0.67	-0.83	-0.66	-0.74	-0.81	-0.55	-0.79	0.29	-0.79	0.85	-0.72	0.99
Long Term Debt	0.54	0.54	0.56	0.54	0.63	0.57	0.63	0.02	0.51	0.62	0.62	0.66	0.6	-0.67		0.67	0.52	0.93	0.57	0.17	0.69	-0.53	0.61	-0.54	0.65	-0.66
Net Receivables	0.83	0.93	0.96	0.93	0.95	0.88	0.97	0.44	0.97	0.95	0.99	0.98	0.87	-0.83	0.67		0.7	0.82	0.97	0.68	0.99	-0.23	0.98	-0.69	0.86	-0.85
Good Will	0.95	0.85	0.75	0.83	0.73	0.95	0.79	-0.13	0.63	0.8	0.65	0.64	0.86	-0.66	0.52	0.7		0.74	0.68	0.3	0.72	-0.38	0.65	-0.89	0.86	-0.63
Non Current Liabilities Total	0.77	0.74	0.78	0.73	0.82	0.79	0.84	0.03	0.69	0.83	0.77	0.79	0.85	-0.74	0.93	0.82	0.74		0.74	0.29	0.84	-0.47	0.76	-0.67	0.89	-0.75
Inventory	0.79	0.95	0.97	0.96	0.96	0.86	0.97	0.54	0.98	0.95	0.97	0.97	0.85	-0.81	0.57	0.97	0.68	0.74		0.71	0.97	-0.25	0.99	-0.71	0.82	-0.84
Other Current Assets	0.46	0.66	0.63	0.67	0.63	0.53	0.58	0.81	0.79	0.53	0.68	0.63	0.42	-0.55	0.17	0.68	0.3	0.29	0.71		0.68	0.46	0.68	-0.39	0.36	-0.58
Total Liab	0.83	0.93	0.97	0.94	0.95	0.89	0.97	0.45	0.97	0.95	0.98	0.98	0.88	-0.79	0.69	0.99	0.72	0.84	0.97	0.68		-0.23	0.98	-0.68	0.87	-0.82
Short Long Term Debt	-0.27	-0.27	-0.23	-0.26	-0.25	-0.28	-0.31	0.34	-0.1	-0.36	-0.23	-0.32	-0.33	0.29	-0.53	-0.23	-0.38	-0.47	-0.25	0.46	-0.23		-0.27	0.39	-0.36	0.28
Total Current Assets	0.77	0.93	0.96	0.94	0.93	0.84	0.96	0.54	0.98	0.94	0.99	0.99	0.83	-0.79	0.61	0.98	0.65	0.76	0.99	0.68	0.98	-0.27		-0.66	0.8	-0.82
Short Term Debt	-0.82	-0.84	-0.67	-0.83	-0.71	-0.86	-0.73	-0.05	-0.62	-0.73	-0.63	-0.63	-0.73	0.85	-0.54	-0.69	-0.89	-0.67	-0.71	-0.39	-0.68	0.39	-0.66		-0.72	0.8
Intangible Assets	0.9	0.84	0.92	0.83	0.91	0.91	0.93	0.03	0.77	0.95	0.81	0.81	0.99	-0.72	0.65	0.86	0.86	0.89	0.82	0.36	0.87	-0.36	0.8	-0.72		-0.73
Net Debt	-0.7	-0.82	-0.78	-0.8	-0.85	-0.75	-0.81	-0.35	-0.77	-0.81	-0.8	-0.81	-0.73	0.99	-0.66	-0.85	-0.63	-0.75	-0.84	-0.58	-0.82	0.28	-0.82	0.8	-0.73

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Zhende Medical Account Relationship Matchups

Zhende Medical fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Other Liab	45.6M	49.2M	98.9M	201.6M	231.8M	243.4M
Net Tangible Assets	959.4M	1.1B	3.8B	3.2B	3.7B	3.9B
Retained Earnings	446.3M	2.9B	3.0B	3.4B	3.1B	1.7B
Other Assets	22.6M	42.6M	153.2M	120.3M	138.4M	145.3M
Property Plant Equipment	630.0M	756.8M	1.5B	2.2B	2.5B	2.6B
Total Assets	2.7B	6.4B	6.4B	7.9B	7.3B	4.8B
Other Current Liab	89.4M	356.8M	176.3M	16.9M	1.4M	1.4M
Total Current Liabilities	798.3M	1.7B	1.6B	1.5B	1.2B	1.2B
Total Stockholder Equity	1.4B	4.2B	4.1B	5.5B	5.4B	3.1B
Accounts Payable	289.7M	636.3M	576.8M	702.7M	412.6M	436.2M
Cash	646.2M	1.8B	1.4B	2.1B	1.1B	1.0B
Non Current Assets Total	1.1B	2.0B	3.2B	3.8B	4.5B	2.3B
Non Currrent Assets Other	27.0M	112.8M	60.4M	62.8M	56.5M	53.7M
Long Term Debt	424.2M	95.1M	145.2M	388.4M	200.2M	179.1M
Net Receivables	389.7M	663.7M	690.4M	767.9M	539.6M	511.6M
Good Will	89.6M	130.4M	398.5M	474.5M	787.8M	827.2M
Non Current Liabilities Total	471.3M	194.0M	379.5M	621.2M	490.0M	323.5M
Inventory	430.9M	1.1B	833.5M	929.6M	800.8M	669.6M
Other Current Assets	87.2M	236.2M	265.6M	41.0M	64.1M	117.2M
Total Liab	1.3B	1.9B	2.0B	2.1B	1.7B	1.5B
Short Long Term Debt	292.5M	358.4M	660.7M	124.0M	220.1M	281.6M
Total Current Assets	1.6B	4.4B	3.2B	4.1B	2.7B	2.5B
Intangible Assets	185.1M	225.6M	444.8M	564.5M	607.1M	323.4M
Net Invested Capital	2.1B	4.6B	4.9B	6.1B	5.8B	4.1B
Net Working Capital	796.2M	2.6B	1.6B	2.6B	1.5B	1.5B

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Other Information on Investing in Zhende Stock

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

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Zhende Total Stockholder Equity vs Cash Analysis

Total Stockholder Equity vs Cash

Total Stockholder Equity vs Cash Correlation Analysis

Correlation Coefficient

Total Stockholder Equity

Cash

Zhende Medical fundamental ratios Correlations

Zhende Medical Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Zhende Medical fundamental ratios Accounts

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Other Information on Investing in Zhende Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Other Assets	+ 1.0	Net Tangible Assets
Total Stockholder Equity	+ 1.0	Total Assets
Cash	+ 1.0	Accounts Payable
Total Assets	+ 0.99	Retained Earnings
Total Stockholder Equity	+ 0.99	Retained Earnings
Net Receivables	+ 0.99	Accounts Payable

Short Term Debt	- 0.89	Good Will
Short Term Debt	- 0.86	Property Plant Equipment
Net Debt	- 0.85	Net Receivables
Net Debt	- 0.85	Common Stock
Net Debt	- 0.84	Inventory
Short Term Debt	- 0.84	Net Tangible Assets