Shanghai Income Before Tax vs Interest Expense Analysis

688385 Stock

39.80 0.25 0.63%

Shanghai Fudan financial indicator trend analysis is much more than just breaking down Shanghai Fudan Micro prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Shanghai Fudan Micro is a good investment. Please check the relationship between Shanghai Fudan Income Before Tax and its Interest Expense accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Shanghai Fudan Microelectronics. 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.

Income Before Tax vs Interest Expense

Income Before Tax vs Interest Expense Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Shanghai Fudan Micro Income Before Tax account and Interest Expense. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between Shanghai Fudan's Income Before Tax and Interest Expense is 0.56. Overlapping area represents the amount of variation of Income Before Tax that can explain the historical movement of Interest Expense in the same time period over historical financial statements of Shanghai Fudan Microelectronics, assuming nothing else is changed. The correlation between historical values of Shanghai Fudan's Income Before Tax 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 Income Before Tax of Shanghai Fudan Microelectronics 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 Income Before Tax i.e., Shanghai Fudan's Income Before Tax and Interest Expense go up and down completely randomly.

Correlation Coefficient

0.56

Relationship Direction	Positive
Relationship Strength	Weak

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Income Before Tax

Income Before Tax which can also be referred as pre-tax income is reported on Shanghai Fudan income statement and is an important metric when analyzing Shanghai Fudan Micro profitability. Accounting techniques because taxes can be complex, and not perfectly consistent from one company to company, an analyst may use pre-tax income as a more stable measure of profitability.

Interest Expense

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

Most indicators from Shanghai Fudan's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Shanghai Fudan Micro 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 Fudan Microelectronics. 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 5.4 M, whereas Selling General Administrative is forecasted to decline to about 103.9 M.

	2021	2022	2023	2024 (projected)
Interest Expense	4.5M	4.4M	28.0M	29.4M
Interest Income	8.4M	14.8M	15.5M	11.7M

Interest Expense Interest Income

Shanghai Fudan fundamental ratios Correlations

	Total Assets	Total Current Liabilities	Total Stockholder Equity	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Long Term Debt	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Capital Lease Obligations	Inventory	Total Liab	Net Invested Capital	Short Long Term Debt	Total Current Assets	Capital Stock	Net Working Capital	Intangible Assets	Property Plant And Equipment Net	Other Current Assets	Property Plant And Equipment Gross	Other Current Liab	Non Currrent Assets Other	Short Term Investments
Total Assets		0.97	0.99	1.0	0.95	0.92	1.0	0.73	0.97	0.87	0.73	0.2	0.87	0.84	1.0	0.78	1.0	0.87	0.99	0.99	0.98	0.67	0.86	0.96	0.96	-0.91
Total Current Liabilities	0.97		0.93	0.94	0.9	0.79	0.97	0.8	0.96	0.78	0.81	0.19	0.88	0.87	0.98	0.83	0.97	0.78	0.93	0.98	0.99	0.48	0.95	0.9	0.9	-0.85
Total Stockholder Equity	0.99	0.93		1.0	0.96	0.96	0.99	0.68	0.95	0.91	0.68	0.21	0.85	0.81	0.99	0.73	0.99	0.91	1.0	0.97	0.95	0.73	0.8	0.95	0.95	-0.91
Retained Earnings	1.0	0.94	1.0		0.95	0.94	0.99	0.7	0.97	0.88	0.7	0.19	0.86	0.82	0.99	0.75	1.0	0.88	1.0	0.98	0.96	0.73	0.82	0.97	0.97	-0.93
Accounts Payable	0.95	0.9	0.96	0.95		0.91	0.93	0.7	0.86	0.95	0.72	0.43	0.85	0.84	0.95	0.76	0.96	0.95	0.96	0.92	0.92	0.6	0.82	0.85	0.85	-0.85
Cash	0.92	0.79	0.96	0.94	0.91		0.9	0.52	0.86	0.93	0.52	0.17	0.74	0.69	0.9	0.58	0.92	0.93	0.96	0.87	0.84	0.85	0.61	0.91	0.9	-0.88
Non Current Assets Total	1.0	0.97	0.99	0.99	0.93	0.9		0.74	0.98	0.85	0.74	0.17	0.87	0.84	1.0	0.78	1.0	0.85	0.99	1.0	0.98	0.67	0.86	0.97	0.97	-0.92
Long Term Debt	0.73	0.8	0.68	0.7	0.7	0.52	0.74		0.76	0.67	1.0	-0.03	0.95	0.97	0.74	1.0	0.73	0.67	0.68	0.76	0.83	0.25	0.87	0.67	0.67	-0.81
Net Receivables	0.97	0.96	0.95	0.97	0.86	0.86	0.98	0.76		0.78	0.76	0.02	0.87	0.84	0.97	0.8	0.97	0.78	0.95	0.99	0.97	0.68	0.84	0.98	0.98	-0.94
Common Stock Shares Outstanding	0.87	0.78	0.91	0.88	0.95	0.93	0.85	0.67	0.78		0.68	0.3	0.84	0.82	0.86	0.73	0.88	1.0	0.91	0.82	0.83	0.66	0.69	0.78	0.78	-0.85
Non Current Liabilities Total	0.73	0.81	0.68	0.7	0.72	0.52	0.74	1.0	0.76	0.68		0.02	0.96	0.98	0.75	1.0	0.73	0.68	0.68	0.77	0.83	0.25	0.87	0.66	0.67	-0.8
Capital Lease Obligations	0.2	0.19	0.21	0.19	0.43	0.17	0.17	-0.03	0.02	0.3	0.02		0.05	0.07	0.2	0.02	0.21	0.3	0.21	0.18	0.16	-0.13	0.23	-0.01	-0.01	0.05
Inventory	0.87	0.88	0.85	0.86	0.85	0.74	0.87	0.95	0.87	0.84	0.96	0.05		1.0	0.87	0.98	0.87	0.84	0.85	0.88	0.91	0.51	0.86	0.82	0.83	-0.93
Total Liab	0.84	0.87	0.81	0.82	0.84	0.69	0.84	0.97	0.84	0.82	0.98	0.07	1.0		0.85	0.99	0.84	0.82	0.81	0.85	0.9	0.43	0.87	0.78	0.78	-0.9
Net Invested Capital	1.0	0.98	0.99	0.99	0.95	0.9	1.0	0.74	0.97	0.86	0.75	0.2	0.87	0.85		0.79	1.0	0.86	0.99	0.99	0.99	0.63	0.88	0.95	0.95	-0.9
Short Long Term Debt	0.78	0.83	0.73	0.75	0.76	0.58	0.78	1.0	0.8	0.73	1.0	0.02	0.98	0.99	0.79		0.77	0.73	0.73	0.8	0.86	0.32	0.87	0.71	0.72	-0.85
Total Current Assets	1.0	0.97	0.99	1.0	0.96	0.92	1.0	0.73	0.97	0.88	0.73	0.21	0.87	0.84	1.0	0.77		0.88	0.99	0.99	0.98	0.66	0.86	0.95	0.95	-0.91
Capital Stock	0.87	0.78	0.91	0.88	0.95	0.93	0.85	0.67	0.78	1.0	0.68	0.3	0.84	0.82	0.86	0.73	0.88		0.91	0.82	0.83	0.66	0.69	0.78	0.78	-0.85
Net Working Capital	0.99	0.93	1.0	1.0	0.96	0.96	0.99	0.68	0.95	0.91	0.68	0.21	0.85	0.81	0.99	0.73	0.99	0.91		0.97	0.96	0.73	0.8	0.95	0.95	-0.91
Intangible Assets	0.99	0.98	0.97	0.98	0.92	0.87	1.0	0.76	0.99	0.82	0.77	0.18	0.88	0.85	0.99	0.8	0.99	0.82	0.97		0.99	0.63	0.88	0.96	0.96	-0.91
Property Plant And Equipment Net	0.98	0.99	0.95	0.96	0.92	0.84	0.98	0.83	0.97	0.83	0.83	0.16	0.91	0.9	0.99	0.86	0.98	0.83	0.96	0.99		0.55	0.94	0.92	0.92	-0.9
Other Current Assets	0.67	0.48	0.73	0.73	0.6	0.85	0.67	0.25	0.68	0.66	0.25	-0.13	0.51	0.43	0.63	0.32	0.66	0.66	0.73	0.63	0.55		0.21	0.8	0.8	-0.77
Property Plant And Equipment Gross	0.86	0.95	0.8	0.82	0.82	0.61	0.86	0.87	0.84	0.69	0.87	0.23	0.86	0.87	0.88	0.87	0.86	0.69	0.8	0.88	0.94	0.21		0.74	0.74	-0.73
Other Current Liab	0.96	0.9	0.95	0.97	0.85	0.91	0.97	0.67	0.98	0.78	0.66	-0.01	0.82	0.78	0.95	0.71	0.95	0.78	0.95	0.96	0.92	0.8	0.74		1.0	-0.94
Non Currrent Assets Other	0.96	0.9	0.95	0.97	0.85	0.9	0.97	0.67	0.98	0.78	0.67	-0.01	0.83	0.78	0.95	0.72	0.95	0.78	0.95	0.96	0.92	0.8	0.74	1.0		-0.95
Short Term Investments	-0.91	-0.85	-0.91	-0.93	-0.85	-0.88	-0.92	-0.81	-0.94	-0.85	-0.8	0.05	-0.93	-0.9	-0.9	-0.85	-0.91	-0.85	-0.91	-0.91	-0.9	-0.77	-0.73	-0.94	-0.95

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Balance Sheet is a snapshot of the financial position of Shanghai Fudan Micro at a specified time, usually calculated after every quarter, six months, or one year. Shanghai Fudan Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Shanghai Fudan 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 Income Before Tax vs Interest Expense Analysis

Income Before Tax vs Interest Expense

Income Before Tax vs Interest Expense Correlation Analysis

Correlation Coefficient

Income Before Tax

Interest Expense

Shanghai Fudan fundamental ratios Correlations

Shanghai Fudan Account Relationship Matchups

High Positive Relationship

High Negative Relationship

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Other Information on Investing in Shanghai Stock

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Retained Earnings	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Total Assets
Net Invested Capital	+ 1.0	Total Assets
Total Current Assets	+ 1.0	Total Assets
Retained Earnings	+ 1.0	Total Stockholder Equity
Net Working Capital	+ 1.0	Total Stockholder Equity

Short Term Investments	- 0.95	Non Currrent Assets Other
Short Term Investments	- 0.94	Other Current Liab
Short Term Investments	- 0.94	Net Receivables
Short Term Investments	- 0.93	Inventory
Short Term Investments	- 0.93	Retained Earnings
Short Term Investments	- 0.92	Non Current Assets Total