Mingchen Free Cash Flow vs Capital Expenditures Analysis

002919 Stock

17.30 0.23 1.35%

Mingchen Health financial indicator trend analysis is infinitely more than just investigating Mingchen Health recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Mingchen Health is a good investment. Please check the relationship between Mingchen Health Free Cash Flow and its Capital Expenditures accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Mingchen Health Co. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Free Cash Flow vs Capital Expenditures

Free Cash Flow vs Capital Expenditures Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Mingchen Health Free Cash Flow account and Capital Expenditures. At this time, the significance of the direction appears to have strong contrarian relationship.

The correlation between Mingchen Health's Free Cash Flow and Capital Expenditures is -0.56. Overlapping area represents the amount of variation of Free Cash Flow that can explain the historical movement of Capital Expenditures in the same time period over historical financial statements of Mingchen Health Co, assuming nothing else is changed. The correlation between historical values of Mingchen Health's Free Cash Flow and Capital Expenditures is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Free Cash Flow of Mingchen Health Co are associated (or correlated) with its Capital Expenditures. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capital Expenditures has no effect on the direction of Free Cash Flow i.e., Mingchen Health's Free Cash Flow and Capital Expenditures go up and down completely randomly.

Correlation Coefficient

-0.56

Relationship Direction	Negative
Relationship Strength	Very Weak

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Free Cash Flow

The amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.

Capital Expenditures

Capital Expenditures are funds used by Mingchen Health to acquire physical assets such as property, industrial buildings or equipment. This type of outlay is used by management to increase the scope of Mingchen Health operations. These expenditures can include everything from repairing an office equipment, building a brand new facility, or writing new software.

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

As of December 20, 2024, Selling General Administrative is expected to decline to about 18.6 M. The current year's Tax Provision is expected to grow to about (13 M)

	2021	2022	2023	2024 (projected)
Interest Expense	1.7M	1.9M	3.7M	3.9M
Depreciation And Amortization	43.5M	50.3M	175.3M	184.1M

Interest Expense Depreciation And Amortization

Mingchen Health fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	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	Intangible Assets	Common Stock	Other Liab
Total Assets		0.7	-0.13	0.74	0.96	0.68	0.83	-0.21	0.85	0.83	0.37	0.87	0.34	0.39	0.84	0.85	0.78	0.57	0.07	0.69	0.76	0.92	0.04	0.72	0.94	0.49
Short Long Term Debt Total	0.7		0.39	0.81	0.54	0.82	0.45	0.08	0.51	0.83	0.09	0.8	-0.05	0.07	0.56	0.5	0.85	0.69	0.01	0.35	0.83	0.5	0.07	0.91	0.66	0.38
Other Current Liab	-0.13	0.39		0.19	-0.25	0.11	-0.4	-0.14	-0.44	0.18	0.07	-0.01	-0.09	-0.03	-0.36	-0.07	0.14	0.43	-0.07	-0.07	0.18	-0.2	-0.51	0.12	-0.22	-0.17
Total Current Liabilities	0.74	0.81	0.19		0.51	0.82	0.78	0.26	0.65	0.93	-0.1	0.88	0.08	-0.16	0.73	0.39	0.85	0.72	-0.18	0.1	1.0	0.5	0.31	0.87	0.78	0.3
Total Stockholder Equity	0.96	0.54	-0.25	0.51		0.51	0.73	-0.39	0.8	0.66	0.52	0.73	0.38	0.56	0.76	0.92	0.62	0.43	0.16	0.84	0.54	0.97	-0.09	0.54	0.87	0.51
Property Plant And Equipment Net	0.68	0.82	0.11	0.82	0.51		0.58	0.34	0.65	0.77	-0.16	0.93	0.32	-0.21	0.7	0.32	0.98	0.43	-0.13	0.11	0.87	0.37	0.41	0.91	0.69	0.19
Current Deferred Revenue	0.83	0.45	-0.4	0.78	0.73	0.58		0.1	0.88	0.75	0.07	0.78	0.21	0.08	0.89	0.54	0.63	0.48	-0.13	0.29	0.77	0.73	0.4	0.63	0.9	0.43
Net Debt	-0.21	0.08	-0.14	0.26	-0.39	0.34	0.1		0.03	0.06	-0.97	0.17	-0.18	-0.92	0.12	-0.48	0.21	-0.08	0.06	-0.68	0.26	-0.47	0.75	0.26	-0.09	-0.21
Retained Earnings	0.85	0.51	-0.44	0.65	0.8	0.65	0.88	0.03		0.67	0.19	0.79	0.33	0.2	0.98	0.64	0.7	0.4	-0.07	0.45	0.67	0.74	0.34	0.74	0.84	0.37
Accounts Payable	0.83	0.83	0.18	0.93	0.66	0.77	0.75	0.06	0.67		0.08	0.85	0.06	0.02	0.71	0.59	0.82	0.81	0.06	0.34	0.93	0.67	0.06	0.85	0.84	0.27
Cash	0.37	0.09	0.07	-0.1	0.52	-0.16	0.07	-0.97	0.19	0.08		0.01	0.2	0.96	0.1	0.58	-0.03	0.17	-0.13	0.75	-0.1	0.59	-0.64	-0.04	0.25	0.31
Non Current Assets Total	0.87	0.8	-0.01	0.88	0.73	0.93	0.78	0.17	0.79	0.85	0.01		0.38	0.0	0.84	0.55	0.97	0.47	-0.12	0.33	0.91	0.62	0.36	0.88	0.85	0.36
Non Currrent Assets Other	0.34	-0.05	-0.09	0.08	0.38	0.32	0.21	-0.18	0.33	0.06	0.2	0.38		0.12	0.35	0.27	0.38	-0.19	-0.13	0.27	0.13	0.24	-0.01	0.05	0.18	-0.22
Cash And Short Term Investments	0.39	0.07	-0.03	-0.16	0.56	-0.21	0.08	-0.92	0.2	0.02	0.96	0.0	0.12		0.11	0.65	-0.08	0.1	-0.09	0.79	-0.15	0.62	-0.57	-0.08	0.28	0.51
Net Receivables	0.84	0.56	-0.36	0.73	0.76	0.7	0.89	0.12	0.98	0.71	0.1	0.84	0.35	0.11		0.6	0.75	0.42	-0.12	0.39	0.75	0.69	0.4	0.78	0.82	0.37
Common Stock Shares Outstanding	0.85	0.5	-0.07	0.39	0.92	0.32	0.54	-0.48	0.64	0.59	0.58	0.55	0.27	0.65	0.6		0.45	0.5	0.3	0.91	0.41	0.94	-0.35	0.42	0.73	0.5
Non Current Liabilities Total	0.78	0.85	0.14	0.85	0.62	0.98	0.63	0.21	0.7	0.82	-0.03	0.97	0.38	-0.08	0.75	0.45		0.49	-0.11	0.25	0.89	0.49	0.31	0.91	0.74	0.23
Inventory	0.57	0.69	0.43	0.72	0.43	0.43	0.48	-0.08	0.4	0.81	0.17	0.47	-0.19	0.1	0.42	0.5	0.49		0.18	0.31	0.7	0.54	-0.29	0.64	0.57	0.16
Other Current Assets	0.07	0.01	-0.07	-0.18	0.16	-0.13	-0.13	0.06	-0.07	0.06	-0.13	-0.12	-0.13	-0.09	-0.12	0.3	-0.11	0.18		0.37	-0.17	0.2	-0.34	-0.09	-0.05	-0.3
Other Stockholder Equity	0.69	0.35	-0.07	0.1	0.84	0.11	0.29	-0.68	0.45	0.34	0.75	0.33	0.27	0.79	0.39	0.91	0.25	0.31	0.37		0.13	0.85	-0.5	0.21	0.51	0.36
Total Liab	0.76	0.83	0.18	1.0	0.54	0.87	0.77	0.26	0.67	0.93	-0.1	0.91	0.13	-0.15	0.75	0.41	0.89	0.7	-0.17	0.13		0.51	0.32	0.89	0.79	0.3
Total Current Assets	0.92	0.5	-0.2	0.5	0.97	0.37	0.73	-0.47	0.74	0.67	0.59	0.62	0.24	0.62	0.69	0.94	0.49	0.54	0.2	0.85	0.51		-0.22	0.48	0.85	0.51
Short Term Debt	0.04	0.07	-0.51	0.31	-0.09	0.41	0.4	0.75	0.34	0.06	-0.64	0.36	-0.01	-0.57	0.4	-0.35	0.31	-0.29	-0.34	-0.5	0.32	-0.22		0.32	0.18	0.14
Intangible Assets	0.72	0.91	0.12	0.87	0.54	0.91	0.63	0.26	0.74	0.85	-0.04	0.88	0.05	-0.08	0.78	0.42	0.91	0.64	-0.09	0.21	0.89	0.48	0.32		0.73	0.3
Common Stock	0.94	0.66	-0.22	0.78	0.87	0.69	0.9	-0.09	0.84	0.84	0.25	0.85	0.18	0.28	0.82	0.73	0.74	0.57	-0.05	0.51	0.79	0.85	0.18	0.73		0.6
Other Liab	0.49	0.38	-0.17	0.3	0.51	0.19	0.43	-0.21	0.37	0.27	0.31	0.36	-0.22	0.51	0.37	0.5	0.23	0.16	-0.3	0.36	0.3	0.51	0.14	0.3	0.6

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Mingchen Health Account Relationship Matchups

Mingchen Health fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	699.6M	879.2M	970.3M	1.2B	1.3B	814.1M
Other Current Liab	72.5M	11.4M	10.5M	134.3M	25.7M	24.4M
Total Current Liabilities	134.1M	220.9M	193.2M	443.1M	436.7M	256.6M
Total Stockholder Equity	565.4M	655.5M	757.8M	739.2M	809.9M	546.3M
Property Plant And Equipment Net	58.8M	56.4M	82.3M	146.9M	97.7M	79.2M
Net Debt	(321.5M)	(159.7M)	(226.5M)	(48.1M)	(115.9M)	(121.7M)
Retained Earnings	102.0M	190.8M	286.3M	274.1M	340.9M	357.9M
Accounts Payable	61.6M	70.2M	77.2M	183.2M	195.2M	103.2M
Cash	321.5M	198.7M	250.9M	135.9M	169.0M	220.9M
Non Current Assets Total	86.5M	215.4M	298.5M	604.2M	416.5M	209.3M
Non Currrent Assets Other	216.7K	2.1M	65.7M	21.5M	572.5K	543.9K
Cash And Short Term Investments	424.3M	313.6M	262.9M	135.9M	169.0M	247.0M
Net Receivables	28.2M	210.9M	269.6M	304.3M	334.6M	351.4M
Common Stock Shares Outstanding	167.6M	224.9M	222.3M	219.5M	219.9M	199.3M
Liabilities And Stockholders Equity	699.6M	879.2M	970.3M	1.2B	1.3B	814.1M
Non Current Liabilities Total	0.0	2.8M	19.3M	60.7M	27.4M	13.8M
Inventory	160.6M	137.5M	133.0M	191.3M	208.3M	181.9M
Other Current Assets	86.5K	1.9M	6.4M	7.3M	9.1M	8.6M
Other Stockholder Equity	378.2M	323.2M	323.2M	274.4M	215.9M	261.8M
Total Liab	134.1M	223.7M	212.5M	503.8M	464.1M	267.9M
Total Current Assets	613.1M	663.8M	671.8M	638.9M	857.6M	604.8M
Intangible Assets	5.5M	14.9M	8.0M	274.0M	150.4M	157.9M
Net Tangible Assets	559.9M	522.9M	632.1M	338.4M	389.1M	536.3M
Other Assets	15.4M	16.0M	1.0	90.5M	56.4M	0.95
Short Term Investments	102.8M	114.9M	12.0M	3.5M	5.2M	4.9M
Deferred Long Term Liab	4.8M	8.9M	3.7M	16.6M	19.1M	20.0M
Property Plant Equipment	58.8M	56.4M	82.3M	146.9M	168.9M	177.3M
Net Invested Capital	565.4M	694.5M	757.8M	739.2M	809.9M	731.5M
Net Working Capital	479.0M	442.9M	478.6M	195.8M	420.9M	337.4M

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Other Information on Investing in Mingchen Stock

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

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Mingchen Free Cash Flow vs Capital Expenditures Analysis

Free Cash Flow vs Capital Expenditures

Free Cash Flow vs Capital Expenditures Correlation Analysis

Correlation Coefficient

Free Cash Flow

Capital Expenditures

Mingchen Health fundamental ratios Correlations

Mingchen Health Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Mingchen Health fundamental ratios Accounts

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Other Information on Investing in Mingchen Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Liab	+ 1.0	Total Current Liabilities
Non Current Liabilities Total	+ 0.98	Property Plant And Equipment Net
Net Receivables	+ 0.98	Retained Earnings
Total Current Assets	+ 0.97	Total Stockholder Equity
Non Current Liabilities Total	+ 0.97	Non Current Assets Total
Total Stockholder Equity	+ 0.96	Total Assets

Cash	- 0.97	Net Debt
Cash And Short Term Investments	- 0.92	Net Debt
Other Stockholder Equity	- 0.68	Net Debt
Short Term Debt	- 0.64	Cash
Short Term Debt	- 0.57	Cash And Short Term Investments
Short Term Debt	- 0.51	Other Current Liab