Shanghai Total Stockholder Equity vs Cash Analysis

688188 Stock

183.53 1.28 0.69%

Shanghai Friendess financial indicator trend analysis is much more than just breaking down Shanghai Friendess prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Shanghai Friendess is a good investment. Please check the relationship between Shanghai Friendess Total Stockholder Equity and its Cash accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Shanghai Friendess Electronics. 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 Shanghai Friendess Total Stockholder Equity account and Cash. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Shanghai Friendess' Total Stockholder Equity and Cash is 0.93. 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 Shanghai Friendess Electronics, assuming nothing else is changed. The correlation between historical values of Shanghai Friendess' 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 Shanghai Friendess Electronics 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., Shanghai Friendess' Total Stockholder Equity and Cash go up and down completely randomly.

Correlation Coefficient

0.93

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 Shanghai Friendess, which is listed under current asset account on Shanghai Friendess Electronics balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Shanghai Friendess customers. The amounts must be unrestricted with restricted cash listed in a different Shanghai Friendess 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 Shanghai Friendess' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Shanghai Friendess 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 Shanghai Friendess Electronics. 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 124.4 M, whereas Tax Provision is forecasted to decline to about 42.7 M.

	2021	2022	2023	2024 (projected)
Net Interest Income	32.5M	47.8M	47.7M	50.1M
Tax Provision	64.6M	58.9M	73.3M	42.7M

Net Interest Income Tax Provision

Shanghai Friendess fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Other Assets	Net Receivables	Non Current Liabilities Total	Inventory	Other Current Assets	Total Liab	Deferred Long Term Liab	Total Current Assets	Intangible Assets	Common Stock	Property Plant Equipment	Common Stock Shares Outstanding	Net Invested Capital	Net Working Capital	Capital Stock	Property Plant And Equipment Net
Total Assets		-0.13	0.93	1.0	-0.23	1.0	0.98	0.88	0.94	0.99	0.78	0.96	0.07	0.95	0.65	0.94	0.32	1.0	0.86	0.96	0.97	0.9	0.94	0.94	0.95	0.9
Other Current Liab	-0.13		-0.22	-0.12	-0.3	-0.11	-0.14	0.19	0.01	-0.15	0.25	-0.33	-0.36	-0.04	0.52	-0.24	0.1	-0.12	0.26	-0.14	-0.07	0.0	0.02	0.02	-0.02	-0.04
Total Current Liabilities	0.93	-0.22		0.93	-0.39	0.93	0.98	0.8	0.92	0.97	0.66	0.96	-0.1	0.94	0.49	1.0	0.28	0.93	0.77	0.86	0.97	0.75	0.82	0.82	0.87	0.91
Total Stockholder Equity	1.0	-0.12	0.93		-0.22	1.0	0.98	0.89	0.93	0.99	0.78	0.96	0.08	0.95	0.66	0.93	0.32	1.0	0.87	0.96	0.97	0.91	0.95	0.95	0.95	0.89
Other Liab	-0.23	-0.3	-0.39	-0.22		-0.22	-0.36	-0.39	-0.39	-0.31	-0.28	-0.19	0.95	-0.37	-0.22	-0.35	0.47	-0.22	-0.46	-0.05	-0.38	0.01	-0.19	-0.18	-0.22	-0.4
Net Tangible Assets	1.0	-0.11	0.93	1.0	-0.22		0.98	0.89	0.93	0.99	0.78	0.95	0.07	0.95	0.67	0.93	0.32	1.0	0.87	0.96	0.97	0.91	0.95	0.95	0.95	0.9
Retained Earnings	0.98	-0.14	0.98	0.98	-0.36	0.98		0.88	0.96	1.0	0.76	0.96	-0.07	0.98	0.62	0.98	0.26	0.98	0.84	0.91	0.99	0.82	0.9	0.89	0.92	0.93
Accounts Payable	0.88	0.19	0.8	0.89	-0.39	0.89	0.88		0.92	0.89	0.89	0.76	-0.15	0.91	0.8	0.8	0.2	0.88	0.96	0.82	0.9	0.85	0.96	0.95	0.92	0.95
Cash	0.94	0.01	0.92	0.93	-0.39	0.93	0.96	0.92		0.96	0.86	0.87	-0.12	1.0	0.77	0.92	0.21	0.93	0.85	0.87	0.98	0.81	0.88	0.87	0.88	0.92
Non Current Assets Total	0.99	-0.15	0.97	0.99	-0.31	0.99	1.0	0.89	0.96		0.78	0.96	-0.01	0.98	0.64	0.97	0.28	0.99	0.85	0.94	0.99	0.86	0.92	0.91	0.93	0.92
Other Assets	0.78	0.25	0.66	0.78	-0.28	0.78	0.76	0.89	0.86	0.78		0.67	-0.09	0.86	0.82	0.66	0.27	0.78	0.88	0.75	0.77	0.8	0.84	0.83	0.72	0.77
Net Receivables	0.96	-0.33	0.96	0.96	-0.19	0.95	0.96	0.76	0.87	0.96	0.67		0.11	0.9	0.44	0.97	0.37	0.96	0.75	0.94	0.92	0.84	0.86	0.86	0.87	0.85
Non Current Liabilities Total	0.07	-0.36	-0.1	0.08	0.95	0.07	-0.07	-0.15	-0.12	-0.01	-0.09	0.11		-0.09	-0.05	-0.06	0.6	0.08	-0.23	0.24	-0.09	0.27	0.07	0.09	0.07	-0.14
Inventory	0.95	-0.04	0.94	0.95	-0.37	0.95	0.98	0.91	1.0	0.98	0.86	0.9	-0.09		0.73	0.94	0.24	0.95	0.85	0.89	0.98	0.82	0.89	0.88	0.88	0.92
Other Current Assets	0.65	0.52	0.49	0.66	-0.22	0.67	0.62	0.8	0.77	0.64	0.82	0.44	-0.05	0.73		0.49	0.2	0.66	0.73	0.61	0.68	0.66	0.7	0.7	0.67	0.62
Total Liab	0.94	-0.24	1.0	0.93	-0.35	0.93	0.98	0.8	0.92	0.97	0.66	0.97	-0.06	0.94	0.49		0.31	0.93	0.76	0.88	0.97	0.76	0.83	0.82	0.87	0.9
Deferred Long Term Liab	0.32	0.1	0.28	0.32	0.47	0.32	0.26	0.2	0.21	0.28	0.27	0.37	0.6	0.24	0.2	0.31		0.33	0.22	0.46	0.25	0.5	0.32	0.33	0.32	0.22
Total Current Assets	1.0	-0.12	0.93	1.0	-0.22	1.0	0.98	0.88	0.93	0.99	0.78	0.96	0.08	0.95	0.66	0.93	0.33		0.86	0.96	0.97	0.91	0.95	0.95	0.95	0.89
Intangible Assets	0.86	0.26	0.77	0.87	-0.46	0.87	0.84	0.96	0.85	0.85	0.88	0.75	-0.23	0.85	0.73	0.76	0.22	0.86		0.82	0.85	0.85	0.93	0.93	0.88	0.87
Common Stock	0.96	-0.14	0.86	0.96	-0.05	0.96	0.91	0.82	0.87	0.94	0.75	0.94	0.24	0.89	0.61	0.88	0.46	0.96	0.82		0.9	0.97	0.92	0.92	0.91	0.83
Property Plant Equipment	0.97	-0.07	0.97	0.97	-0.38	0.97	0.99	0.9	0.98	0.99	0.77	0.92	-0.09	0.98	0.68	0.97	0.25	0.97	0.85	0.9		0.83	0.9	0.9	0.93	0.94
Common Stock Shares Outstanding	0.9	0.0	0.75	0.91	0.01	0.91	0.82	0.85	0.81	0.86	0.8	0.84	0.27	0.82	0.66	0.76	0.5	0.91	0.85	0.97	0.83		0.94	0.94	0.9	0.8
Net Invested Capital	0.94	0.02	0.82	0.95	-0.19	0.95	0.9	0.96	0.88	0.92	0.84	0.86	0.07	0.89	0.7	0.83	0.32	0.95	0.93	0.92	0.9	0.94		1.0	0.97	0.92
Net Working Capital	0.94	0.02	0.82	0.95	-0.18	0.95	0.89	0.95	0.87	0.91	0.83	0.86	0.09	0.88	0.7	0.82	0.33	0.95	0.93	0.92	0.9	0.94	1.0		0.97	0.91
Capital Stock	0.95	-0.02	0.87	0.95	-0.22	0.95	0.92	0.92	0.88	0.93	0.72	0.87	0.07	0.88	0.67	0.87	0.32	0.95	0.88	0.91	0.93	0.9	0.97	0.97		0.93
Property Plant And Equipment Net	0.9	-0.04	0.91	0.89	-0.4	0.9	0.93	0.95	0.92	0.92	0.77	0.85	-0.14	0.92	0.62	0.9	0.22	0.89	0.87	0.83	0.94	0.8	0.92	0.91	0.93

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Shanghai Friendess Account Relationship Matchups

Shanghai Friendess fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	2.2B	2.6B	3.1B	4.5B	5.3B	5.6B
Other Current Liab	13.0M	57.5M	70.8M	92.1M	10.1M	9.6M
Total Current Liabilities	54.5M	116.9M	148.5M	197.2M	313.3M	328.9M
Total Stockholder Equity	2.1B	2.5B	3.0B	4.3B	5.0B	5.2B
Other Liab	5.0M	7.9M	15.9M	25.6K	29.5K	28.0K
Net Tangible Assets	2.0B	2.4B	2.9B	4.1B	4.8B	5.0B
Retained Earnings	327.5M	624.1M	1.0B	1.3B	1.8B	1.9B
Accounts Payable	6.8M	13.4M	26.1M	31.1M	32.4M	16.5M
Cash	234.6M	483.4M	2.5B	2.3B	2.6B	2.8B
Non Current Assets Total	155.0M	220.7M	380.3M	465.5M	636.8M	668.6M
Other Assets	13.4M	27.1M	68.8M	37.5M	43.2M	26.5M
Net Receivables	30.4M	39.3M	32.8M	41.0M	82.7M	86.8M
Non Current Liabilities Total	15.9M	1.1M	986.8K	2.9M	2.9M	3.8M
Inventory	25.7M	41.4M	137.2M	120.5M	153.5M	161.2M
Other Current Assets	4.6M	2.7M	16.6M	17.9M	4.4M	7.1M
Total Liab	70.4M	116.9M	149.4M	200.1M	316.1M	331.9M
Deferred Long Term Liab	3.3M	2.0M	1.1M	2.7M	2.4M	2.1M
Total Current Assets	2.1B	2.4B	2.8B	4.0B	4.7B	4.9B
Intangible Assets	1.6M	90.2M	91.7M	113.8M	110.9M	56.3M
Property Plant Equipment	30.0M	75.2M	189.5M	277.9M	319.6M	335.6M
Net Invested Capital	2.1B	2.5B	3.0B	4.3B	5.0B	2.7B
Net Working Capital	2.0B	2.3B	2.6B	3.8B	4.4B	2.4B

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Other Information on Investing in Shanghai Stock

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

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Shanghai Total Stockholder Equity vs Cash Analysis

Total Stockholder Equity vs Cash

Total Stockholder Equity vs Cash Correlation Analysis

Correlation Coefficient

Total Stockholder Equity

Cash

Shanghai Friendess fundamental ratios Correlations

Shanghai Friendess Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Shanghai Friendess fundamental ratios Accounts

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Other Information on Investing in Shanghai Stock

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Total Stockholder Equity	+ 1.0	Total Assets
Net Tangible Assets	+ 1.0	Total Assets
Total Current Assets	+ 1.0	Total Assets
Total Liab	+ 1.0	Total Current Liabilities
Net Tangible Assets	+ 1.0	Total Stockholder Equity
Total Current Assets	+ 1.0	Total Stockholder Equity

Intangible Assets	- 0.46	Other Liab
Property Plant And Equipment Net	- 0.4	Other Liab
Cash	- 0.39	Other Liab
Accounts Payable	- 0.39	Other Liab
Other Liab	- 0.39	Total Current Liabilities
Property Plant Equipment	- 0.38	Other Liab