Sinocat Intangible Assets vs Other Stockholder Equity Analysis

688737 Stock   23.11  0.76  3.18%   
Sinocat Environmental financial indicator trend analysis is much more than just breaking down Sinocat Environmental prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Sinocat Environmental is a good investment. Please check the relationship between Sinocat Environmental Intangible Assets and its Other Stockholder Equity accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Sinocat Environmental Technology. 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.

Intangible Assets vs Other Stockholder Equity

Intangible Assets vs Other Stockholder Equity Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Sinocat Environmental Intangible Assets account and Other Stockholder Equity. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Sinocat Environmental's Intangible Assets and Other Stockholder Equity is 0.87. Overlapping area represents the amount of variation of Intangible Assets that can explain the historical movement of Other Stockholder Equity in the same time period over historical financial statements of Sinocat Environmental Technology, assuming nothing else is changed. The correlation between historical values of Sinocat Environmental's Intangible Assets and Other Stockholder Equity is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Intangible Assets of Sinocat Environmental Technology are associated (or correlated) with its Other Stockholder Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Stockholder Equity has no effect on the direction of Intangible Assets i.e., Sinocat Environmental's Intangible Assets and Other Stockholder Equity go up and down completely randomly.

Correlation Coefficient

0.87
Relationship DirectionPositive 
Relationship StrengthStrong

Intangible Assets

Non-physical assets possessed by a company, such as patents, trademarks, and copyrights, which provide long-term value.

Other Stockholder Equity

Most indicators from Sinocat Environmental's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Sinocat 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 Sinocat Environmental Technology. 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 59.7 M, whereas Tax Provision is projected to grow to (5.3 M).
 2021 2022 2023 2024 (projected)
Interest Expense15.1M4.3M6.5M12.4M
Depreciation And Amortization23.7M62.7M72.1M39.5M

Sinocat Environmental fundamental ratios Correlations

-0.170.230.340.970.84-0.510.880.50.70.880.790.910.90.150.91-0.780.920.350.99-0.240.920.990.760.98-0.16
-0.170.750.55-0.31-0.50.390.22-0.27-0.17-0.48-0.61-0.46-0.380.78-0.08-0.19-0.450.56-0.081.0-0.28-0.280.38-0.290.78
0.230.750.930.020.040.510.40.34-0.210.03-0.4-0.080.170.460.48-0.470.00.930.270.730.170.140.590.080.76
0.340.550.930.130.260.570.460.59-0.270.22-0.250.070.380.320.59-0.410.171.00.360.520.290.280.670.210.79
0.97-0.310.020.130.83-0.670.820.390.80.880.90.940.870.080.82-0.730.930.130.96-0.380.910.980.640.99-0.36
0.84-0.50.040.260.83-0.30.530.790.371.00.780.780.98-0.250.86-0.450.830.250.77-0.540.920.90.420.83-0.25
-0.510.390.510.57-0.67-0.3-0.410.3-0.94-0.37-0.79-0.63-0.27-0.1-0.190.41-0.530.56-0.520.43-0.41-0.53-0.1-0.580.75
0.880.220.40.460.820.53-0.410.260.680.580.570.720.650.50.76-0.850.720.470.920.150.720.810.920.840.14
0.5-0.270.340.590.390.790.30.26-0.210.730.290.360.78-0.30.73-0.240.460.580.42-0.290.610.550.280.420.2
0.7-0.17-0.21-0.270.80.37-0.940.68-0.210.450.780.740.40.310.4-0.630.65-0.260.74-0.230.530.680.430.74-0.53
0.88-0.480.030.220.881.0-0.370.580.730.450.820.820.98-0.220.87-0.50.860.220.81-0.530.950.920.450.87-0.29
0.79-0.61-0.4-0.250.90.78-0.790.570.290.780.820.870.75-0.140.58-0.470.84-0.250.75-0.660.790.840.310.86-0.62
0.91-0.46-0.080.070.940.78-0.630.720.360.740.820.870.82-0.110.75-0.650.990.080.9-0.530.810.920.590.96-0.43
0.9-0.380.170.380.870.98-0.270.650.780.40.980.750.82-0.130.91-0.540.870.380.85-0.430.930.940.570.88-0.14
0.150.780.460.320.08-0.25-0.10.5-0.30.31-0.22-0.14-0.11-0.130.03-0.29-0.170.340.240.75-0.090.060.510.050.54
0.91-0.080.480.590.820.86-0.190.760.730.40.870.580.750.910.03-0.780.810.580.89-0.140.90.910.690.840.02
-0.78-0.19-0.47-0.41-0.73-0.450.41-0.85-0.24-0.63-0.5-0.47-0.65-0.54-0.29-0.78-0.66-0.42-0.82-0.12-0.66-0.73-0.71-0.720.04
0.92-0.450.00.170.930.83-0.530.720.460.650.860.840.990.87-0.170.81-0.660.170.9-0.510.870.930.620.97-0.37
0.350.560.931.00.130.250.560.470.58-0.260.22-0.250.080.380.340.58-0.420.170.370.530.290.280.680.220.79
0.99-0.080.270.360.960.77-0.520.920.420.740.810.750.90.850.240.89-0.820.90.37-0.150.880.970.80.97-0.12
-0.241.00.730.52-0.38-0.540.430.15-0.29-0.23-0.53-0.66-0.53-0.430.75-0.14-0.12-0.510.53-0.15-0.34-0.350.32-0.360.79
0.92-0.280.170.290.910.92-0.410.720.610.530.950.790.810.93-0.090.9-0.660.870.290.88-0.340.940.60.91-0.23
0.99-0.280.140.280.980.9-0.530.810.550.680.920.840.920.940.060.91-0.730.930.280.97-0.350.940.670.98-0.24
0.760.380.590.670.640.42-0.10.920.280.430.450.310.590.570.510.69-0.710.620.680.80.320.60.670.710.4
0.98-0.290.080.210.990.83-0.580.840.420.740.870.860.960.880.050.84-0.720.970.220.97-0.360.910.980.71-0.28
-0.160.780.760.79-0.36-0.250.750.140.2-0.53-0.29-0.62-0.43-0.140.540.020.04-0.370.79-0.120.79-0.23-0.240.4-0.28
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Sinocat Environmental Account Relationship Matchups

Sinocat Environmental fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets764.8M1.5B2.3B2.1B2.6B1.6B
Short Long Term Debt Total188.4M426.7M120.6M20.5M18.5M17.5M
Other Current Liab194.8M294.9M58.7M67.1M154.5M112.6M
Total Current Liabilities530.7M861.6M234.3M212.4M697.9M512.9M
Total Stockholder Equity169.5M560.0M2.0B1.9B1.9B1.0B
Property Plant And Equipment Net143.0M158.4M231.4M395.3M553.1M280.6M
Net Debt94.6M357.7M(727.6M)(475.0M)102.3M107.4M
Retained Earnings(24.5M)173.3M182.3M69.2M107.5M54.2M
Accounts Payable147.5M140.1M75.4M145.1M270.5M158.7M
Cash93.8M68.9M848.2M495.5M132.4M125.8M
Non Current Assets Total163.2M208.1M334.9M573.5M735.7M372.0M
Non Currrent Assets Other3.6M1.3M44.7M46.7M40.4M23.8M
Cash And Short Term Investments93.8M68.9M1.2B931.3M1.1B1.1B
Common Stock Shares Outstanding50.3M61.2M69.4M86.4M120.2M76.5M
Liabilities And Stockholders Equity764.8M1.5B2.3B2.1B2.5B1.4B
Non Current Liabilities Total57.7M71.0M68.5M51.6M56.3M47.9M
Inventory170.4M208.9M149.7M248.9M362.5M193.3M
Other Current Assets6.8M7.1M7.7M11.3M77.2M58.9M
Total Liab588.4M932.7M302.8M264.1M754.2M578.8M
Total Current Assets601.6M1.3B2.0B1.6B1.9B1.2B
Short Term Debt188.4M426.7M100.1M189.7K170.7K162.2K
Intangible Assets7.4M36.3M36.8M84.3M80.2M40.7M

Currently Active Assets on Macroaxis

Other Information on Investing in Sinocat Stock

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