Chembond Research Development vs Tax Provision Analysis

CHEMBOND

589.50 3.70 0.63%

Chembond Chemicals financial indicator trend analysis is way more than just evaluating Chembond Chemicals prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Chembond Chemicals is a good investment. Please check the relationship between Chembond Chemicals Research Development and its Tax Provision accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Chembond Chemicals. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.

Research Development vs Tax Provision

Research Development vs Tax Provision Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Chembond Chemicals Research Development account and Tax Provision. At this time, the significance of the direction appears to have strong contrarian relationship.

The correlation between Chembond Chemicals' Research Development and Tax Provision is -0.63. Overlapping area represents the amount of variation of Research Development that can explain the historical movement of Tax Provision in the same time period over historical financial statements of Chembond Chemicals, assuming nothing else is changed. The correlation between historical values of Chembond Chemicals' Research Development and Tax Provision is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Research Development of Chembond Chemicals are associated (or correlated) with its Tax Provision. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Tax Provision has no effect on the direction of Research Development i.e., Chembond Chemicals' Research Development and Tax Provision go up and down completely randomly.

Correlation Coefficient

-0.63

Relationship Direction	Negative
Relationship Strength	Weak

View All Relationships

Research Development

Tax Provision

The amount set aside by a company to cover any estimated taxes for the current period. It reflects the company's expected tax liabilities.

Most indicators from Chembond Chemicals' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Chembond Chemicals 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 Chembond Chemicals. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.

As of the 1st of January 2025, Selling General Administrative is likely to grow to about 948.6 M, while Tax Provision is likely to drop about 87.6 M.

	2022	2023	2024	2025 (projected)
Interest Expense	10.4M	11.8M	10.6M	13.8M
Depreciation And Amortization	45.1M	55.5M	63.8M	34.9M

Interest Expense Depreciation And Amortization

Chembond Chemicals fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Common Stock	Accounts Payable	Short Term Investments	Intangible Assets	Current Deferred Revenue	Retained Earnings
Total Assets		-0.53	-0.35	0.27	0.86	0.82	-0.45	-0.08	0.86	0.2	0.71	0.86	0.7	-0.8	0.59	0.52	-0.3	-0.1	0.96	-0.54	0.69	0.5	0.79	-0.48	0.76	0.95
Short Long Term Debt Total	-0.53		0.04	0.53	-0.59	-0.04	0.81	0.38	-0.58	-0.08	-0.52	-0.16	-0.11	0.72	0.16	-0.21	0.05	0.75	-0.38	0.84	0.01	0.22	-0.64	0.09	-0.59	-0.71
Other Current Liab	-0.35	0.04		0.12	-0.33	-0.22	-0.1	0.25	-0.39	-0.16	-0.27	-0.12	-0.28	0.53	0.03	-0.04	0.56	0.22	-0.22	0.44	-0.38	-0.08	-0.35	0.27	-0.24	-0.34
Total Current Liabilities	0.27	0.53	0.12		0.07	0.69	0.21	0.65	0.08	0.0	0.1	0.59	0.52	0.16	0.76	0.22	0.15	0.88	0.44	0.57	0.61	0.78	-0.04	-0.18	-0.06	0.01
Total Stockholder Equity	0.86	-0.59	-0.33	0.07		0.64	-0.48	-0.2	0.99	0.16	0.79	0.69	0.72	-0.87	0.42	0.66	-0.32	-0.35	0.79	-0.64	0.55	0.4	0.75	-0.52	0.75	0.92
Property Plant And Equipment Net	0.82	-0.04	-0.22	0.69	0.64		-0.12	0.23	0.65	0.11	0.48	0.92	0.77	-0.47	0.88	0.41	-0.22	0.38	0.88	-0.03	0.9	0.64	0.47	-0.54	0.54	0.64
Net Debt	-0.45	0.81	-0.1	0.21	-0.48	-0.12		-0.22	-0.47	-0.21	-0.63	-0.09	-0.16	0.59	-0.02	-0.23	-0.39	0.39	-0.39	0.51	-0.21	0.15	-0.6	-0.21	-0.25	-0.52
Cash	-0.08	0.38	0.25	0.65	-0.2	0.23	-0.22		-0.21	0.2	0.14	-0.01	0.15	0.27	0.39	0.05	0.7	0.69	0.1	0.62	0.41	0.25	-0.07	0.45	-0.53	-0.29
Non Current Assets Total	0.86	-0.58	-0.39	0.08	0.99	0.65	-0.47	-0.21		0.15	0.74	0.7	0.7	-0.87	0.42	0.61	-0.38	-0.33	0.77	-0.66	0.58	0.4	0.71	-0.57	0.78	0.92
Non Currrent Assets Other	0.2	-0.08	-0.16	0.0	0.16	0.11	-0.21	0.2	0.15		0.08	-0.02	0.22	-0.19	0.02	0.6	0.25	-0.06	0.22	-0.04	0.21	0.0	0.04	0.28	-0.19	0.17
Cash And Short Term Investments	0.71	-0.52	-0.27	0.1	0.79	0.48	-0.63	0.14	0.74	0.08		0.47	0.58	-0.72	0.34	0.41	0.11	-0.24	0.73	-0.47	0.51	0.31	0.93	-0.05	0.42	0.72
Net Receivables	0.86	-0.16	-0.12	0.59	0.69	0.92	-0.09	-0.01	0.7	-0.02	0.47		0.73	-0.52	0.81	0.46	-0.35	0.25	0.89	-0.16	0.7	0.69	0.51	-0.66	0.71	0.74
Common Stock Shares Outstanding	0.7	-0.11	-0.28	0.52	0.72	0.77	-0.16	0.15	0.7	0.22	0.58	0.73		-0.54	0.61	0.58	-0.12	0.09	0.76	-0.14	0.72	0.66	0.48	-0.4	0.44	0.61
Non Current Liabilities Total	-0.8	0.72	0.53	0.16	-0.87	-0.47	0.59	0.27	-0.87	-0.19	-0.72	-0.52	-0.54		-0.17	-0.45	0.34	0.51	-0.68	0.74	-0.47	-0.14	-0.77	0.41	-0.69	-0.88
Inventory	0.59	0.16	0.03	0.76	0.42	0.88	-0.02	0.39	0.42	0.02	0.34	0.81	0.61	-0.17		0.27	-0.08	0.56	0.7	0.22	0.8	0.58	0.28	-0.5	0.33	0.39
Other Current Assets	0.52	-0.21	-0.04	0.22	0.66	0.41	-0.23	0.05	0.61	0.6	0.41	0.46	0.58	-0.45	0.27		-0.03	-0.1	0.56	-0.19	0.28	0.5	0.29	-0.16	0.23	0.55
Other Stockholder Equity	-0.3	0.05	0.56	0.15	-0.32	-0.22	-0.39	0.7	-0.38	0.25	0.11	-0.35	-0.12	0.34	-0.08	-0.03		0.25	-0.13	0.43	-0.12	-0.11	-0.04	0.8	-0.61	-0.36
Total Liab	-0.1	0.75	0.22	0.88	-0.35	0.38	0.39	0.69	-0.33	-0.06	-0.24	0.25	0.09	0.51	0.56	-0.1	0.25		0.07	0.78	0.35	0.52	-0.34	0.02	-0.35	-0.37
Total Current Assets	0.96	-0.38	-0.22	0.44	0.79	0.88	-0.39	0.1	0.77	0.22	0.73	0.89	0.76	-0.68	0.7	0.56	-0.13	0.07		-0.33	0.73	0.6	0.77	-0.37	0.61	0.87
Short Term Debt	-0.54	0.84	0.44	0.57	-0.64	-0.03	0.51	0.62	-0.66	-0.04	-0.47	-0.16	-0.14	0.74	0.22	-0.19	0.43	0.78	-0.33		0.01	0.09	-0.62	0.29	-0.67	-0.74
Common Stock	0.69	0.01	-0.38	0.61	0.55	0.9	-0.21	0.41	0.58	0.21	0.51	0.7	0.72	-0.47	0.8	0.28	-0.12	0.35	0.73	0.01		0.41	0.43	-0.39	0.36	0.5
Accounts Payable	0.5	0.22	-0.08	0.78	0.4	0.64	0.15	0.25	0.4	0.0	0.31	0.69	0.66	-0.14	0.58	0.5	-0.11	0.52	0.6	0.09	0.41		0.24	-0.31	0.22	0.37
Short Term Investments	0.79	-0.64	-0.35	-0.04	0.75	0.47	-0.6	-0.07	0.71	0.04	0.93	0.51	0.48	-0.77	0.28	0.29	-0.04	-0.34	0.77	-0.62	0.43	0.24		-0.09	0.55	0.82
Intangible Assets	-0.48	0.09	0.27	-0.18	-0.52	-0.54	-0.21	0.45	-0.57	0.28	-0.05	-0.66	-0.4	0.41	-0.5	-0.16	0.8	0.02	-0.37	0.29	-0.39	-0.31	-0.09		-0.74	-0.48
Current Deferred Revenue	0.76	-0.59	-0.24	-0.06	0.75	0.54	-0.25	-0.53	0.78	-0.19	0.42	0.71	0.44	-0.69	0.33	0.23	-0.61	-0.35	0.61	-0.67	0.36	0.22	0.55	-0.74		0.82
Retained Earnings	0.95	-0.71	-0.34	0.01	0.92	0.64	-0.52	-0.29	0.92	0.17	0.72	0.74	0.61	-0.88	0.39	0.55	-0.36	-0.37	0.87	-0.74	0.5	0.37	0.82	-0.48	0.82

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Chembond Chemicals Account Relationship Matchups

Chembond Chemicals fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	3.5B	3.6B	4.0B	4.5B	5.1B	2.7B
Short Long Term Debt Total	18.8M	15.1M	73.1M	66.8M	60.1M	106.3M
Other Current Liab	114.1M	130.6M	156.2M	210.2M	189.2M	161.8M
Total Current Liabilities	577.7M	539.9M	769.4M	818.8M	941.6M	681.2M
Total Stockholder Equity	2.9B	3.0B	3.2B	3.6B	4.2B	4.4B
Property Plant And Equipment Net	465.5M	460.2M	536.4M	601.7M	692.0M	455.2M
Net Debt	(78.1M)	(74.7M)	(19.1M)	(24.7M)	(22.2M)	(21.1M)
Cash	96.9M	89.8M	92.3M	101.1M	116.2M	110.6M
Non Current Assets Total	1.7B	1.7B	1.9B	2.0B	2.2B	2.4B
Non Currrent Assets Other	73.3M	88.2M	72.3M	66.8M	76.8M	59.2M
Cash And Short Term Investments	473.2M	548.3M	493.7M	586.0M	673.9M	707.6M
Net Receivables	835.3M	898.7M	1.2B	1.2B	1.4B	830.0M
Liabilities And Stockholders Equity	3.5B	3.6B	4.0B	4.5B	5.1B	2.7B
Non Current Liabilities Total	19.1M	17.8M	16.3M	23.3M	21.0M	19.9M
Inventory	293.3M	339.3M	342.1M	349.9M	402.4M	289.1M
Other Current Assets	202.7M	142.1M	308.5M	378.4M	435.2M	456.9M
Total Liab	596.8M	557.7M	785.7M	842.1M	757.9M	582.0M
Total Current Assets	1.8B	1.9B	2.1B	2.5B	2.9B	1.6B
Accumulated Other Comprehensive Income	133.2M	134.4M	135.9M	3.8M	4.3M	4.6M
Short Term Debt	(6.6M)	(978K)	56.2M	66.8M	60.1M	67.1M
Accounts Payable	432.2M	391.0M	531.0M	541.8M	623.0M	492.8M
Short Term Investments	376.3M	458.5M	401.4M	484.9M	557.6M	304.2M
Intangible Assets	6.3M	4.9M	3.3M	7.7M	6.9M	6.6M
Current Deferred Revenue	94.8M	90.9M	97.0M	104.2M	119.8M	82.0M
Retained Earnings	2.7B	2.8B	3.0B	3.3B	3.8B	2.2B
Other Assets	95.7M	110.9M	50.8M	(2K)	(2.3K)	(2.2K)
Other Liab	13.5M	11.3M	12.7M	10.7M	9.7M	9.2M
Net Tangible Assets	2.0B	1.9B	2.2B	2.3B	2.6B	2.3B
Long Term Debt	6.4M	7.1M	7.9M	9.6M	11.0M	7.4M
Long Term Debt Total	7.4M	6.4M	7.1M	7.9M	9.1M	7.0M
Property Plant Equipment	483.2M	464.0M	460.1M	536.4M	616.8M	515.3M
Short Long Term Debt	12.4M	8.0M	65.3M	66.8M	60.1M	41.1M
Net Invested Capital	3.0B	3.1B	3.3B	3.7B	4.2B	3.3B
Net Working Capital	1.3B	1.4B	1.3B	1.7B	2.0B	1.4B
Property Plant And Equipment Gross	633.7M	667.6M	536.4M	601.7M	541.6M	488.4M

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

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Chembond Research Development vs Tax Provision Analysis

Research Development vs Tax Provision

Research Development vs Tax Provision Correlation Analysis

Correlation Coefficient

Research Development

Tax Provision

Chembond Chemicals fundamental ratios Correlations

Chembond Chemicals Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Chembond Chemicals fundamental ratios Accounts

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Other Information on Investing in Chembond Stock

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Non Current Assets Total	+ 0.99	Total Stockholder Equity
Total Current Assets	+ 0.96	Total Assets
Retained Earnings	+ 0.95	Total Assets
Short Term Investments	+ 0.93	Cash And Short Term Investments
Retained Earnings	+ 0.92	Total Stockholder Equity
Net Receivables	+ 0.92	Property Plant And Equipment Net

Retained Earnings	- 0.88	Non Current Liabilities Total
Non Current Liabilities Total	- 0.87	Non Current Assets Total
Non Current Liabilities Total	- 0.87	Total Stockholder Equity
Non Current Liabilities Total	- 0.8	Total Assets
Short Term Investments	- 0.77	Non Current Liabilities Total
Current Deferred Revenue	- 0.74	Intangible Assets