| 002919 Stock | | | 16.77 0.11 0.65% |
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 Net Interest Income and its Depreciation And Amortization 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.
Net Interest Income vs Depreciation And Amortization
Net Interest Income vs Depreciation And Amortization Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Mingchen Health Net Interest Income account and
Depreciation And Amortization. At this time, the significance of the direction appears to have pay attention.
The correlation between Mingchen Health's Net Interest Income and Depreciation And Amortization is -0.72. Overlapping area represents the amount of variation of Net Interest Income that can explain the historical movement of Depreciation And Amortization 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 Net Interest Income and Depreciation And Amortization is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Interest Income of Mingchen Health Co are associated (or correlated) with its Depreciation And Amortization. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Depreciation And Amortization has no effect on the direction of Net Interest Income i.e., Mingchen Health's Net Interest Income and Depreciation And Amortization go up and down completely randomly.
Correlation Coefficient | -0.72 |
| Relationship Direction | Negative |
| Relationship Strength | Weak |
Net Interest Income
The difference between the revenue generated from a bank's interest-bearing assets and the expenses associated with paying its interest-bearing liabilities.
Depreciation And Amortization
The systematic reduction in the recorded value of an intangible asset. This includes the allocation of the cost of tangible assets to periods in which the assets are used, representing the expense related to the wear and tear, deterioration, or obsolescence of physical assets and intangible assets over their useful lives.
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 30, 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 |
Mingchen Health fundamental ratios Correlations
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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
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.