Sichuan Net Invested Capital vs Cash Analysis
| 300987 Stock | 16.76 0.28 1.70% |
Sichuan Newsnet financial indicator trend analysis is much more than just breaking down Sichuan Newsnet Media prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Sichuan Newsnet Media is a good investment. Please check the relationship between Sichuan Newsnet Net Invested Capital and its Cash accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Sichuan Newsnet Media. 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 Invested Capital vs Cash
Net Invested Capital vs Cash Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Sichuan Newsnet Media Net Invested Capital account and Cash. At this time, the significance of the direction appears to have totally related.
The correlation between Sichuan Newsnet's Net Invested Capital and Cash is 0.99. Overlapping area represents the amount of variation of Net Invested Capital that can explain the historical movement of Cash in the same time period over historical financial statements of Sichuan Newsnet Media, assuming nothing else is changed. The correlation between historical values of Sichuan Newsnet's Net Invested Capital and Cash 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 Invested Capital of Sichuan Newsnet Media are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Net Invested Capital i.e., Sichuan Newsnet's Net Invested Capital and Cash go up and down completely randomly.
Correlation Coefficient | 0.99 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
Net Invested Capital
The total amount of capital invested in a company, including both equity and debt, minus any cash or cash equivalents.Cash
Cash refers to the most liquid asset of Sichuan Newsnet Media, which is listed under current asset account on Sichuan Newsnet Media balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Sichuan Newsnet customers. The amounts must be unrestricted with restricted cash listed in a different Sichuan Newsnet account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.Most indicators from Sichuan Newsnet's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Sichuan Newsnet Media 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 Sichuan Newsnet Media. 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 39.1 M, whereas Tax Provision is projected to grow to (1.7 M).
| 2021 | 2022 | 2023 | 2024 (projected) | Interest Income | 6.5M | 17.7M | 15.6M | 11.3M | Net Interest Income | 6.2M | 17.2M | 15.0M | 11.0M |
Sichuan Newsnet fundamental ratios Correlations
Click cells to compare fundamentals
Sichuan Newsnet Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Sichuan Stock
Balance Sheet is a snapshot of the financial position of Sichuan Newsnet Media at a specified time, usually calculated after every quarter, six months, or one year. Sichuan Newsnet Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Sichuan Newsnet 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 Sichuan currently owns. An asset can also be divided into two categories, current and non-current.