Zhuzhou Total Stockholder Equity vs Cash Analysis

688187 Stock   46.15  1.72  3.59%   
Zhuzhou CRRC financial indicator trend analysis is more than just analyzing Zhuzhou CRRC Times current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Zhuzhou CRRC Times is a good investment. Please check the relationship between Zhuzhou CRRC Total Stockholder Equity and its Cash accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Zhuzhou CRRC Times. 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 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 Zhuzhou CRRC Times Total Stockholder Equity account and Cash. At this time, the significance of the direction appears to have almost identical trend.
Total Stockholder EquityCashDiversified AwayTotal Stockholder EquityCashDiversified Away100%
The correlation between Zhuzhou CRRC's Total Stockholder Equity and Cash is 0.98. 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 Zhuzhou CRRC Times, assuming nothing else is changed. The correlation between historical values of Zhuzhou CRRC'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 Zhuzhou CRRC Times 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., Zhuzhou CRRC's Total Stockholder Equity and Cash go up and down completely randomly.

Correlation Coefficient

0.98
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.

Cash

Cash refers to the most liquid asset of Zhuzhou CRRC Times, which is listed under current asset account on Zhuzhou CRRC Times balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Zhuzhou CRRC customers. The amounts must be unrestricted with restricted cash listed in a different Zhuzhou CRRC 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 Zhuzhou CRRC's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Zhuzhou CRRC Times 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 Zhuzhou CRRC Times. 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.
At present, Zhuzhou CRRC's Selling General Administrative is projected to decrease significantly based on the last few years of reporting. The current year's Issuance Of Capital Stock is expected to grow to about 9.3 B, whereas Tax Provision is forecasted to decline to about 202.1 M.
 2021 2022 2023 2024 (projected)
Net Interest Income68.4M179.8M209.5M220.0M
Tax Provision88.5M349.6M209.5M202.1M

Zhuzhou CRRC fundamental ratios Correlations

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-0.93-0.72-0.93-0.94-0.9-0.94-0.940.79-0.89-0.92-0.81-0.440.590.93-0.89-0.61-0.83-0.81-0.970.020.86-0.77-0.93-0.93-0.94
0.85-0.720.790.580.80.810.65-0.370.660.880.760.690.05-0.50.860.560.680.970.750.65-0.630.990.650.830.82
0.99-0.930.790.90.990.950.94-0.560.980.960.960.41-0.55-0.910.980.810.820.870.980.07-0.950.830.951.00.96
0.88-0.940.580.90.910.940.95-0.680.90.890.830.33-0.72-0.950.870.550.90.740.9-0.21-0.820.660.980.890.94
0.99-0.90.80.990.910.960.92-0.480.970.970.980.4-0.53-0.880.980.780.840.890.950.1-0.920.840.960.990.97
0.96-0.940.810.950.940.960.94-0.610.90.990.90.54-0.47-0.860.970.60.940.910.910.11-0.820.870.960.961.0
0.92-0.940.650.940.950.920.94-0.720.940.90.840.51-0.61-0.930.930.670.910.760.9-0.14-0.880.730.940.930.94
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0.95-0.810.760.960.830.980.90.84-0.310.950.920.28-0.51-0.830.950.830.740.850.90.13-0.910.80.920.960.91
0.49-0.440.690.410.330.40.540.51-0.50.310.540.280.33-0.190.560.140.650.630.340.47-0.220.710.290.470.53
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-0.860.93-0.5-0.91-0.95-0.88-0.86-0.930.69-0.94-0.82-0.83-0.190.82-0.82-0.7-0.75-0.63-0.930.320.92-0.56-0.95-0.88-0.86
0.99-0.890.860.980.870.980.970.93-0.50.940.980.950.56-0.4-0.820.750.880.920.920.19-0.880.90.920.990.97
0.78-0.610.560.810.550.780.60.67-0.210.850.650.830.14-0.46-0.70.750.40.560.780.02-0.920.560.670.780.62
0.83-0.830.680.820.90.840.940.91-0.620.780.880.740.65-0.4-0.750.880.40.80.740.01-0.640.760.870.840.92
0.92-0.810.970.870.740.890.910.76-0.420.760.960.850.63-0.13-0.630.920.560.80.820.5-0.690.990.790.910.92
0.96-0.970.750.980.90.950.910.9-0.640.950.930.90.34-0.6-0.930.920.780.740.820.03-0.950.790.930.970.93
0.170.020.650.07-0.210.10.11-0.140.24-0.10.230.130.470.740.320.190.020.010.50.030.10.57-0.120.140.13
-0.920.86-0.63-0.95-0.82-0.92-0.82-0.880.51-0.97-0.83-0.91-0.220.660.92-0.88-0.92-0.64-0.69-0.950.1-0.66-0.88-0.92-0.83
0.89-0.770.990.830.660.840.870.73-0.430.710.920.80.71-0.02-0.560.90.560.760.990.790.57-0.660.720.870.88
0.93-0.930.650.950.980.960.960.94-0.580.950.930.920.29-0.7-0.950.920.670.870.790.93-0.12-0.880.720.940.96
1.0-0.930.831.00.890.990.960.93-0.550.960.980.960.47-0.49-0.880.990.780.840.910.970.14-0.920.870.940.97
0.97-0.940.820.960.940.971.00.94-0.610.910.990.910.53-0.47-0.860.970.620.920.920.930.13-0.830.880.960.97
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Zhuzhou CRRC Account Relationship Matchups

Currently Active Assets on Macroaxis

Other Information on Investing in Zhuzhou Stock

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