Tongxing Net Income vs Interest Expense Analysis

003027 Stock

17.06 0.47 2.68%

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

Net Income vs Interest Expense

Net Income vs Interest Expense Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Tongxing Environmental Net Income account and Interest Expense. At this time, the significance of the direction appears to have almost no relationship.

The correlation between Tongxing Environmental's Net Income and Interest Expense is 0.11. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Interest Expense in the same time period over historical financial statements of Tongxing Environmental Protection, assuming nothing else is changed. The correlation between historical values of Tongxing Environmental's Net Income 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 Net Income of Tongxing Environmental Protection 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 Net Income i.e., Tongxing Environmental's Net Income and Interest Expense go up and down completely randomly.

Correlation Coefficient

0.11

Relationship Direction	Positive
Relationship Strength	Insignificant

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Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in Tongxing Environmental financial statement analysis. It represents the amount of money remaining after all of Tongxing Environmental Protection operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

Interest Expense

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

Most indicators from Tongxing Environmental's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Tongxing Environmental 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 Tongxing Environmental Protection. 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 39.5 M, whereas Tax Provision is projected to grow to (997 K).

	2021	2022	2023	2024 (projected)
Gross Profit	341.2M	295.7M	179.5M	264.8M
Total Revenue	933.4M	938.3M	775.2M	741.4M

Gross Profit Total Revenue

Tongxing Environmental 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	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Good Will	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	Net Tangible Assets	Other Assets
Total Assets		0.84	0.33	0.97	0.99	0.97	-0.79	0.99	0.98	0.94	0.97	0.88	0.93	-0.4	0.4	0.58	-0.59	0.94	0.97	1.0	0.84	0.91	0.94	-0.81	0.96	0.93
Short Long Term Debt Total	0.84		-0.04	0.85	0.83	0.89	-0.53	0.83	0.85	0.7	0.9	0.82	0.86	-0.69	0.11	0.43	-0.57	0.89	0.84	0.83	1.0	0.79	0.9	-0.93	0.87	0.92
Other Current Liab	0.33	-0.04		0.3	0.33	0.22	-0.35	0.42	0.32	0.27	0.19	0.35	0.11	0.44	0.71	0.46	-0.04	0.11	0.32	0.36	-0.04	0.15	0.14	0.15	0.14	0.1
Total Current Liabilities	0.97	0.85	0.3		0.93	0.98	-0.62	0.97	0.95	0.84	0.98	0.78	0.85	-0.44	0.39	0.64	-0.51	0.87	1.0	0.95	0.84	0.79	0.92	-0.79	0.9	0.91
Total Stockholder Equity	0.99	0.83	0.33	0.93		0.94	-0.85	0.98	0.97	0.96	0.94	0.9	0.95	-0.37	0.38	0.53	-0.61	0.95	0.93	1.0	0.82	0.95	0.93	-0.8	0.98	0.93
Property Plant And Equipment Net	0.97	0.89	0.22	0.98	0.94		-0.63	0.96	0.95	0.85	1.0	0.84	0.87	-0.42	0.27	0.52	-0.59	0.88	0.98	0.95	0.88	0.84	0.97	-0.8	0.93	0.96
Net Debt	-0.79	-0.53	-0.35	-0.62	-0.85	-0.63		-0.77	-0.76	-0.92	-0.64	-0.76	-0.86	0.23	-0.43	-0.34	0.57	-0.84	-0.63	-0.82	-0.52	-0.92	-0.65	0.64	-0.84	-0.66
Retained Earnings	0.99	0.83	0.42	0.97	0.98	0.96	-0.77		0.98	0.9	0.95	0.87	0.9	-0.38	0.49	0.64	-0.59	0.91	0.97	0.99	0.82	0.87	0.92	-0.78	0.93	0.9
Accounts Payable	0.98	0.85	0.32	0.95	0.97	0.95	-0.76	0.98		0.88	0.95	0.85	0.9	-0.43	0.41	0.67	-0.57	0.91	0.95	0.97	0.84	0.87	0.94	-0.81	0.94	0.93
Cash	0.94	0.7	0.27	0.84	0.96	0.85	-0.92	0.9	0.88		0.86	0.82	0.94	-0.32	0.36	0.4	-0.63	0.93	0.84	0.95	0.69	0.97	0.84	-0.75	0.95	0.84
Non Current Assets Total	0.97	0.9	0.19	0.98	0.94	1.0	-0.64	0.95	0.95	0.86		0.84	0.88	-0.44	0.25	0.52	-0.59	0.89	0.97	0.95	0.89	0.85	0.98	-0.81	0.94	0.97
Non Currrent Assets Other	0.88	0.82	0.35	0.78	0.9	0.84	-0.76	0.87	0.85	0.82	0.84		0.83	-0.22	0.19	0.29	-0.62	0.84	0.77	0.88	0.81	0.89	0.88	-0.68	0.89	0.9
Cash And Short Term Investments	0.93	0.86	0.11	0.85	0.95	0.87	-0.86	0.9	0.9	0.94	0.88	0.83		-0.59	0.33	0.46	-0.64	1.0	0.85	0.94	0.85	0.97	0.86	-0.92	0.97	0.87
Good Will	-0.4	-0.69	0.44	-0.44	-0.37	-0.42	0.23	-0.38	-0.43	-0.32	-0.44	-0.22	-0.59		-0.12	-0.4	0.29	-0.61	-0.44	-0.38	-0.69	-0.4	-0.4	0.84	-0.46	-0.42
Non Current Liabilities Total	0.4	0.11	0.71	0.39	0.38	0.27	-0.43	0.49	0.41	0.36	0.25	0.19	0.33	-0.12		0.66	-0.32	0.32	0.41	0.43	0.09	0.22	0.11	-0.21	0.22	0.08
Inventory	0.58	0.43	0.46	0.64	0.53	0.52	-0.34	0.64	0.67	0.4	0.52	0.29	0.46	-0.4	0.66		0.02	0.49	0.66	0.58	0.44	0.3	0.46	-0.48	0.43	0.41
Other Current Assets	-0.59	-0.57	-0.04	-0.51	-0.61	-0.59	0.57	-0.59	-0.57	-0.63	-0.59	-0.62	-0.64	0.29	-0.32	0.02		-0.61	-0.52	-0.59	-0.52	-0.66	-0.54	0.55	-0.63	-0.57
Other Stockholder Equity	0.94	0.89	0.11	0.87	0.95	0.88	-0.84	0.91	0.91	0.93	0.89	0.84	1.0	-0.61	0.32	0.49	-0.61		0.87	0.94	0.88	0.95	0.88	-0.94	0.97	0.89
Total Liab	0.97	0.84	0.32	1.0	0.93	0.98	-0.63	0.97	0.95	0.84	0.97	0.77	0.85	-0.44	0.41	0.66	-0.52	0.87		0.96	0.84	0.79	0.92	-0.78	0.89	0.9
Total Current Assets	1.0	0.83	0.36	0.95	1.0	0.95	-0.82	0.99	0.97	0.95	0.95	0.88	0.94	-0.38	0.43	0.58	-0.59	0.94	0.96		0.82	0.92	0.93	-0.8	0.96	0.92
Short Term Debt	0.84	1.0	-0.04	0.84	0.82	0.88	-0.52	0.82	0.84	0.69	0.89	0.81	0.85	-0.69	0.09	0.44	-0.52	0.88	0.84	0.82		0.78	0.9	-0.92	0.86	0.91
Intangible Assets	0.91	0.79	0.15	0.79	0.95	0.84	-0.92	0.87	0.87	0.97	0.85	0.89	0.97	-0.4	0.22	0.3	-0.66	0.95	0.79	0.92	0.78		0.86	-0.82	0.97	0.88
Common Stock	0.94	0.9	0.14	0.92	0.93	0.97	-0.65	0.92	0.94	0.84	0.98	0.88	0.86	-0.4	0.11	0.46	-0.54	0.88	0.92	0.93	0.9	0.86		-0.8	0.95	1.0
Other Liab	-0.81	-0.93	0.15	-0.79	-0.8	-0.8	0.64	-0.78	-0.81	-0.75	-0.81	-0.68	-0.92	0.84	-0.21	-0.48	0.55	-0.94	-0.78	-0.8	-0.92	-0.82	-0.8		-0.87	-0.81
Net Tangible Assets	0.96	0.87	0.14	0.9	0.98	0.93	-0.84	0.93	0.94	0.95	0.94	0.89	0.97	-0.46	0.22	0.43	-0.63	0.97	0.89	0.96	0.86	0.97	0.95	-0.87		0.95
Other Assets	0.93	0.92	0.1	0.91	0.93	0.96	-0.66	0.9	0.93	0.84	0.97	0.9	0.87	-0.42	0.08	0.41	-0.57	0.89	0.9	0.92	0.91	0.88	1.0	-0.81	0.95

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Tongxing Environmental Account Relationship Matchups

Tongxing Environmental fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	1.1B	2.0B	2.3B	2.7B	2.7B	1.7B
Short Long Term Debt Total	2M	67.1M	51.1M	403.3M	463.8M	487.0M
Other Current Liab	193.2M	138.1M	151.9M	139.2M	2.8M	2.6M
Total Current Liabilities	456.5M	472.1M	559.5M	891.6M	938.8M	546.7M
Total Stockholder Equity	574.3M	1.5B	1.6B	1.7B	1.7B	1.1B
Property Plant And Equipment Net	165.0M	194.0M	304.4M	448.0M	460.9M	242.1M
Net Debt	(11.2M)	(834.6M)	(543.6M)	(330.1M)	(297.1M)	(312.0M)
Retained Earnings	356.9M	471.7M	581.5M	652.0M	642.6M	415.5M
Accounts Payable	219.1M	297.8M	407.6M	349.4M	482.1M	282.1M
Cash	78.3M	885.7M	543.6M	733.5M	678.5M	411.2M
Non Current Assets Total	220.9M	273.3M	409.3M	548.1M	599.6M	328.9M
Non Currrent Assets Other	4.5M	15.2M	37.2M	29.0M	17.1M	14.7M
Cash And Short Term Investments	78.3M	885.7M	779.5M	796.1M	915.5M	961.3M
Liabilities And Stockholders Equity	1.1B	2.0B	2.3B	2.7B	3.1B	3.3B
Non Current Liabilities Total	40.5M	31.0M	15.6M	15.5M	12.4M	21.7M
Inventory	210.5M	138.7M	141.3M	98.6M	225.0M	170.8M
Other Current Assets	4.3M	3.5M	7.0M	15.9M	28.3M	26.9M
Other Stockholder Equity	152.4M	927.9M	890.4M	918.4M	1.1B	1.1B
Total Liab	497.1M	503.0M	575.1M	907.2M	951.2M	568.5M
Total Current Assets	886.9M	1.8B	1.9B	2.2B	2.1B	1.4B
Intangible Assets	18.6M	28.6M	28.1M	27.3M	27.0M	25.7M

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C	Citigroup
GM	General Motors
F	Ford Motor

Other Information on Investing in Tongxing Stock

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

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Tongxing Net Income vs Interest Expense Analysis

Net Income vs Interest Expense

Net Income vs Interest Expense Correlation Analysis

Correlation Coefficient

Net Income

Interest Expense

Tongxing Environmental fundamental ratios Correlations

Tongxing Environmental Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Tongxing Environmental fundamental ratios Accounts

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Other Information on Investing in Tongxing Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Current Assets	+ 1.0	Total Assets
Short Term Debt	+ 1.0	Short Long Term Debt Total
Total Liab	+ 1.0	Total Current Liabilities
Total Current Assets	+ 1.0	Total Stockholder Equity
Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Other Stockholder Equity	+ 1.0	Cash And Short Term Investments

Other Liab	- 0.94	Other Stockholder Equity
Other Liab	- 0.93	Short Long Term Debt Total
Other Liab	- 0.92	Short Term Debt
Other Liab	- 0.92	Cash And Short Term Investments
Intangible Assets	- 0.92	Net Debt
Cash	- 0.92	Net Debt