China Common Stock Total Equity vs Short Term Investments Analysis
CHNR Stock | USD 0.83 0.03 3.49% |
China Natural financial indicator trend analysis is way more than just evaluating China Natural Resources prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether China Natural Resources is a good investment. Please check the relationship between China Natural Common Stock Total Equity and its Short Term Investments accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in China Natural Resources. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as various price indices.
Common Stock Total Equity vs Short Term Investments
Common Stock Total Equity vs Short Term Investments Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of China Natural Resources Common Stock Total Equity account and Short Term Investments. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between China Natural's Common Stock Total Equity and Short Term Investments is -0.17. Overlapping area represents the amount of variation of Common Stock Total Equity that can explain the historical movement of Short Term Investments in the same time period over historical financial statements of China Natural Resources, assuming nothing else is changed. The correlation between historical values of China Natural's Common Stock Total Equity and Short Term Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Common Stock Total Equity of China Natural Resources are associated (or correlated) with its Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Term Investments has no effect on the direction of Common Stock Total Equity i.e., China Natural's Common Stock Total Equity and Short Term Investments go up and down completely randomly.
Correlation Coefficient | -0.17 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Common Stock Total Equity
The total value of common stock equity held by shareholders, representing their ownership interest in the company.Short Term Investments
Short Term Investments is an item under the current assets section of China Natural balance sheet. It contains any investments China Natural Resources undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that China Natural Resources can easily liquidate in the marketplace.Most indicators from China Natural's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into China Natural Resources 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 China Natural Resources. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as various price indices. At this time, China Natural's Selling General Administrative is relatively stable compared to the past year. As of 06/17/2024, Sales General And Administrative To Revenue is likely to grow to 1.71, while Tax Provision is likely to drop 0.00.
2021 | 2022 | 2023 | 2024 (projected) | Reconciled Depreciation | 2.8M | 2.5M | 1.6M | 1.7M | Interest Income | 16.9M | 15.6M | 5K | 4.8K |
China Natural fundamental ratios Correlations
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China Natural Account Relationship Matchups
High Positive Relationship
High Negative Relationship
China Natural fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Common Stock Shares Outstanding | 5.6M | 6.3M | 8.1M | 1.6M | 8.2M | 12.0M | |
Total Assets | 8.3M | 142.4M | 333.4M | 320.0M | 253.8M | 241.1M | |
Short Long Term Debt Total | 803K | 1.1M | 79.2M | 76.9M | 360K | 342K | |
Other Current Liab | 31.2M | 28.6M | 47.4M | 39.0M | 177.2M | 176.5M | |
Total Current Liabilities | 35.9M | 30.9M | 73.7M | 64.7M | 177.8M | 244.8M | |
Total Stockholder Equity | (27.6M) | 101.2M | 74.7M | 67.8M | 76.0M | 140.8M | |
Property Plant And Equipment Net | 830K | 1.2M | 3.1M | 3.4M | 399K | 379.1K | |
Net Debt | (2.6M) | (1.4M) | 20.8M | 45.2M | (4.4M) | (4.2M) | |
Retained Earnings | (1.0B) | (1.0B) | (1.1B) | (1.1B) | (1.1B) | (1.1B) | |
Accounts Payable | 215K | 100K | 3.9M | 21.1M | 20.3M | 95K | |
Cash | 3.4M | 2.5M | 58.4M | 31.7M | 4.8M | 4.5M | |
Non Current Assets Total | 830K | 1.2M | 123.9M | 123.0M | 247.9M | 347.3M | |
Non Currrent Assets Other | (799K) | (3.6M) | 10K | 100.2M | 247.5M | 259.9M | |
Cash And Short Term Investments | 3.4M | 141.1M | 59.4M | 32.7M | 4.8M | 4.5M | |
Net Receivables | 4.0M | 10K | 140.5M | 157.6M | 3K | 2.9K | |
Liabilities And Stockholders Equity | 8.3M | 142.4M | 333.4M | 320.0M | 253.8M | 241.1M | |
Non Current Liabilities Total | 100K | 30M | 10.3M | 77.8M | 77.9M | 0.0 | |
Inventory | (4.0M) | (7.4M) | 986K | 729K | (3K) | (2.9K) | |
Other Current Assets | 4.0M | 7.5M | 4.9M | 3.2M | 1.1M | 1.1M | |
Other Stockholder Equity | 689.8M | 689.6M | (1.0) | 708.3M | 814.5M | 855.3M | |
Total Liab | 35.9M | 41.2M | 151.4M | 142.5M | 177.8M | 168.9M | |
Property Plant And Equipment Gross | 830K | 1.2M | 6.8M | 7.3M | 2.0M | 1.9M | |
Accumulated Other Comprehensive Income | 688.6M | 713.6M | 708.3M | 726.0M | 748.1M | 785.5M | |
Short Term Debt | 803K | 745K | 4.0M | 4.3M | 360K | 342K | |
Intangible Assets | 799K | 643K | 20.2M | 19.4M | 22.3M | 23.4M | |
Short Term Investments | 21K | 20K | 138.7M | 1M | 3K | 2.9K | |
Property Plant Equipment | 275K | 830K | 1.2M | 3.1M | 3.5M | 3.3M | |
Long Term Debt | 30M | 77M | 74M | 71M | 81.7M | 85.7M | |
Net Tangible Assets | (21.8M) | (27.6M) | 101.2M | 54.5M | 49.0M | 51.5M | |
Capital Lease Obligations | 803K | 1.1M | 2.2M | 2.9M | 360K | 342K | |
Net Invested Capital | (27.6M) | 101.2M | 148.7M | 141.8M | 76.0M | 63.3M | |
Net Working Capital | (28.4M) | 110.3M | 135.9M | 132.3M | (171.9M) | (163.3M) |
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