Cathay Non Current Assets Total vs Common Stock Shares Outstanding Analysis

688065 Stock   39.98  1.27  3.08%   
Cathay Biotech financial indicator trend analysis is way more than just evaluating Cathay Biotech prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Cathay Biotech is a good investment. Please check the relationship between Cathay Biotech Non Current Assets Total and its Common Stock Shares Outstanding accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cathay Biotech. 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.

Non Current Assets Total vs Common Stock Shares Outstanding

Non Current Assets Total vs Common Stock Shares Outstanding Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Cathay Biotech Non Current Assets Total account and Common Stock Shares Outstanding. At this time, the significance of the direction appears to have strong relationship.
Non Current Assets TotalCommon Stock Shares OutstandingDiversified AwayNon Current Assets TotalCommon Stock Shares OutstandingDiversified Away100%
The correlation between Cathay Biotech's Non Current Assets Total and Common Stock Shares Outstanding is 0.71. Overlapping area represents the amount of variation of Non Current Assets Total that can explain the historical movement of Common Stock Shares Outstanding in the same time period over historical financial statements of Cathay Biotech, assuming nothing else is changed. The correlation between historical values of Cathay Biotech's Non Current Assets Total and Common Stock Shares Outstanding is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Non Current Assets Total of Cathay Biotech are associated (or correlated) with its Common Stock Shares Outstanding. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock Shares Outstanding has no effect on the direction of Non Current Assets Total i.e., Cathay Biotech's Non Current Assets Total and Common Stock Shares Outstanding go up and down completely randomly.

Correlation Coefficient

0.71
Relationship DirectionPositive 
Relationship StrengthSignificant

Non Current Assets Total

The total value of a company's long-term assets, which are not expected to be converted into cash or used up within one year or the operating cycle, including property, plant, and equipment, and intangible assets.

Common Stock Shares Outstanding

The total number of shares of a company's common stock that are currently owned by all its shareholders.
Most indicators from Cathay Biotech's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Cathay Biotech 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 Cathay Biotech. 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 56.8 M, whereas Selling General Administrative is forecasted to decline to about 83.2 M.
 2021 2022 2023 2024 (projected)
Interest Expense16.3M20.0M32.2M19.7M
Interest Income213.3M236.8M219.8M156.9M

Cathay Biotech fundamental ratios Correlations

-0.930.640.980.980.380.920.880.930.770.880.91-0.820.670.91-0.740.730.990.740.920.910.830.940.810.82
-0.93-0.41-0.98-0.86-0.05-0.97-0.67-0.9-0.93-0.83-0.920.62-0.54-0.730.72-0.43-0.96-0.64-0.98-0.75-0.96-0.82-0.57-0.58
0.64-0.410.550.720.710.430.770.480.070.480.67-0.750.430.71-0.370.820.610.860.430.750.260.620.840.84
0.98-0.980.550.940.230.950.790.910.850.830.94-0.70.580.81-0.70.591.00.740.960.840.90.860.710.72
0.98-0.860.720.940.540.840.950.910.660.860.87-0.830.710.94-0.710.830.970.760.840.960.720.920.90.91
0.38-0.050.710.230.540.00.760.29-0.230.310.19-0.490.550.6-0.20.890.310.410.00.67-0.190.380.850.84
0.92-0.970.430.950.840.00.640.870.90.80.89-0.710.460.74-0.680.430.940.651.00.690.970.870.530.54
0.88-0.670.770.790.950.760.640.820.440.810.71-0.820.790.95-0.660.950.840.670.640.980.480.850.980.99
0.93-0.90.480.910.910.290.870.820.830.990.83-0.790.840.91-0.920.640.920.50.860.890.810.910.720.73
0.77-0.930.070.850.66-0.230.90.440.830.760.76-0.430.470.56-0.710.160.810.350.910.540.960.680.290.3
0.88-0.830.480.830.860.310.80.810.990.760.78-0.810.90.92-0.970.640.850.420.790.880.740.910.70.71
0.91-0.920.670.940.870.190.890.710.830.760.78-0.70.520.75-0.690.520.930.830.910.80.860.790.660.67
-0.820.62-0.75-0.7-0.83-0.49-0.71-0.82-0.79-0.43-0.81-0.7-0.68-0.930.73-0.8-0.75-0.6-0.68-0.8-0.56-0.95-0.76-0.77
0.67-0.540.430.580.710.550.460.790.840.470.90.52-0.680.86-0.90.70.620.20.460.850.380.720.730.73
0.91-0.730.710.810.940.60.740.950.910.560.920.75-0.930.86-0.830.880.860.590.720.950.60.950.890.9
-0.740.72-0.37-0.7-0.71-0.2-0.68-0.66-0.92-0.71-0.97-0.690.73-0.9-0.83-0.49-0.71-0.26-0.68-0.76-0.67-0.8-0.55-0.56
0.73-0.430.820.590.830.890.430.950.640.160.640.52-0.80.70.88-0.490.660.610.420.880.230.750.970.97
0.99-0.960.611.00.970.310.940.840.920.810.850.93-0.750.620.86-0.710.660.760.940.880.870.890.770.78
0.74-0.640.860.740.760.410.650.670.50.350.420.83-0.60.20.59-0.260.610.760.670.670.550.60.710.71
0.92-0.980.430.960.840.01.00.640.860.910.790.91-0.680.460.72-0.680.420.940.670.690.980.850.530.54
0.91-0.750.750.840.960.670.690.980.890.540.880.8-0.80.850.95-0.760.880.880.670.690.570.850.950.95
0.83-0.960.260.90.72-0.190.970.480.810.960.740.86-0.560.380.6-0.670.230.870.550.980.570.760.360.37
0.94-0.820.620.860.920.380.870.850.910.680.910.79-0.950.720.95-0.80.750.890.60.850.850.760.760.77
0.81-0.570.840.710.90.850.530.980.720.290.70.66-0.760.730.89-0.550.970.770.710.530.950.360.761.0
0.82-0.580.840.720.910.840.540.990.730.30.710.67-0.770.730.9-0.560.970.780.710.540.950.370.771.0
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Cathay Biotech Account Relationship Matchups

Currently Active Assets on Macroaxis

Other Information on Investing in Cathay Stock

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