| 003027 Stock | | | 16.31 0.07 0.43% |
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 Interest Income and its Minority Interest 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 Interest Income vs Minority Interest
Net Interest Income vs Minority Interest Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Tongxing Environmental Net Interest Income account and
Minority Interest. At this time, the significance of the direction appears to have almost no relationship.
The correlation between Tongxing Environmental's Net Interest Income and Minority Interest is 0.13. Overlapping area represents the amount of variation of Net Interest Income that can explain the historical movement of Minority Interest 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 Interest Income and Minority Interest 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 Tongxing Environmental Protection are associated (or correlated) with its Minority Interest. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Minority Interest has no effect on the direction of Net Interest Income i.e., Tongxing Environmental's Net Interest Income and Minority Interest go up and down completely randomly.
Correlation Coefficient | 0.13 |
| Relationship Direction | Positive |
| Relationship Strength | Insignificant |
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.
Minority Interest
Minority Interest is the portion of a subsidiary corporation stock that is not owned by the parent corporation. The magnitude of the minority interest in the subsidiary company is generally less than 50% of outstanding shares, otherwise the corporation would generally cease to be a subsidiary of the parent. Minority Interest can also be called non-controlling interest.All shareholders of Tongxing Environmental Protection whose combined shares represent less than 50% of the total outstanding shares issued by Tongxing Environmental have a minority interest in Tongxing Environmental.
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).
Tongxing Environmental fundamental ratios Correlations
Click cells to compare fundamentals
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
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.