Tian Net Debt vs Common Stock Total Equity Analysis

TIRX Stock  USD 1.78  0.04  2.30%   
Tian Ruixiang financial indicator trend analysis is much more than just breaking down Tian Ruixiang Holdings prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Tian Ruixiang Holdings is a good investment. Please check the relationship between Tian Ruixiang Net Debt and its Common Stock Total Equity accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Tian Ruixiang Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

Net Debt vs Common Stock Total Equity

Net Debt vs Common Stock Total Equity Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Tian Ruixiang Holdings Net Debt account and Common Stock Total Equity. At this time, the significance of the direction appears to have weak relationship.
The correlation between Tian Ruixiang's Net Debt and Common Stock Total Equity is 0.37. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Common Stock Total Equity in the same time period over historical financial statements of Tian Ruixiang Holdings, assuming nothing else is changed. The correlation between historical values of Tian Ruixiang's Net Debt and Common Stock Total 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 Net Debt of Tian Ruixiang Holdings are associated (or correlated) with its Common Stock Total Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock Total Equity has no effect on the direction of Net Debt i.e., Tian Ruixiang's Net Debt and Common Stock Total Equity go up and down completely randomly.

Correlation Coefficient

0.37
Relationship DirectionPositive 
Relationship StrengthVery Weak

Net Debt

The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.

Common Stock Total Equity

The total value of common stock equity held by shareholders, representing their ownership interest in the company.
Most indicators from Tian Ruixiang's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Tian Ruixiang Holdings 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Tian Ruixiang Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.
At this time, Tian Ruixiang's Selling General Administrative is fairly stable compared to the past year. Enterprise Value is likely to rise to about 2 M in 2024, whereas Tax Provision is likely to drop slightly above 126.5 K in 2024.
 2021 2022 2023 2024 (projected)
Depreciation And Amortization208.3K79.8K91.7K133.0K
Interest Income434.4K732.0K841.8K883.8K

Tian Ruixiang fundamental ratios Correlations

0.580.781.00.960.52-0.41-0.740.40.80.790.411.00.29-0.83-0.70.390.50.940.861.00.60.990.990.770.69
0.580.940.530.68-0.240.29-0.86-0.30.710.74-0.330.57-0.08-0.51-0.370.240.090.760.820.54-0.160.560.510.460.67
0.780.940.740.850.080.01-0.85-0.010.840.85-0.060.760.0-0.7-0.580.430.360.890.910.740.170.750.720.640.66
1.00.530.740.960.56-0.45-0.720.440.780.770.450.990.33-0.83-0.710.390.50.940.821.00.640.990.990.760.65
0.960.680.850.960.46-0.35-0.80.350.870.860.360.950.24-0.81-0.70.410.490.990.830.950.550.960.950.730.65
0.52-0.240.080.560.46-0.930.110.930.390.340.880.510.08-0.55-0.620.540.690.340.190.540.990.50.530.54-0.1
-0.410.290.01-0.45-0.35-0.93-0.23-1.0-0.36-0.31-0.94-0.410.110.370.44-0.44-0.46-0.23-0.1-0.43-0.92-0.38-0.4-0.330.14
-0.74-0.86-0.85-0.72-0.80.11-0.230.24-0.72-0.750.14-0.74-0.20.540.350.0-0.09-0.87-0.79-0.720.01-0.73-0.71-0.48-0.85
0.4-0.3-0.010.440.350.93-1.00.240.350.30.940.4-0.1-0.36-0.440.440.460.220.090.430.920.370.40.33-0.15
0.80.710.840.780.870.39-0.36-0.720.351.00.410.79-0.26-0.62-0.510.290.330.860.770.780.470.730.710.560.65
0.790.740.850.770.860.34-0.31-0.750.31.00.360.78-0.26-0.6-0.480.250.30.860.770.770.420.720.690.540.67
0.41-0.33-0.060.450.360.88-0.940.140.940.410.360.41-0.09-0.23-0.270.160.340.250.020.430.880.360.390.20.01
1.00.570.760.990.950.51-0.41-0.740.40.790.780.410.3-0.83-0.690.370.480.930.861.00.590.990.990.760.7
0.29-0.080.00.330.240.080.11-0.2-0.1-0.26-0.26-0.090.3-0.26-0.240.050.260.240.060.310.10.410.440.230.09
-0.83-0.51-0.7-0.83-0.81-0.550.370.54-0.36-0.62-0.6-0.23-0.83-0.260.97-0.74-0.68-0.78-0.77-0.83-0.61-0.84-0.84-0.99-0.31
-0.7-0.37-0.58-0.71-0.7-0.620.440.35-0.44-0.51-0.48-0.27-0.69-0.240.97-0.84-0.73-0.66-0.62-0.7-0.66-0.72-0.72-0.97-0.07
0.390.240.430.390.410.54-0.440.00.440.290.250.160.370.05-0.74-0.840.750.350.430.370.540.410.40.72-0.27
0.50.090.360.50.490.69-0.46-0.090.460.330.30.340.480.26-0.68-0.730.750.430.410.50.710.520.520.66-0.05
0.940.760.890.940.990.34-0.23-0.870.220.860.860.250.930.24-0.78-0.660.350.430.850.930.440.940.920.710.7
0.860.820.910.820.830.19-0.1-0.790.090.770.770.020.860.06-0.77-0.620.430.410.850.840.270.830.80.720.74
1.00.540.741.00.950.54-0.43-0.720.430.780.770.431.00.31-0.83-0.70.370.50.930.840.620.990.990.760.68
0.6-0.160.170.640.550.99-0.920.010.920.470.420.880.590.1-0.61-0.660.540.710.440.270.620.580.610.58-0.02
0.990.560.750.990.960.5-0.38-0.730.370.730.720.360.990.41-0.84-0.720.410.520.940.830.990.581.00.780.65
0.990.510.720.990.950.53-0.4-0.710.40.710.690.390.990.44-0.84-0.720.40.520.920.80.990.611.00.770.63
0.770.460.640.760.730.54-0.33-0.480.330.560.540.20.760.23-0.99-0.970.720.660.710.720.760.580.780.770.26
0.690.670.660.650.65-0.10.14-0.85-0.150.650.670.010.70.09-0.31-0.07-0.27-0.050.70.740.68-0.020.650.630.26
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Tian Ruixiang Account Relationship Matchups

Tian Ruixiang fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets10.1M40.4M35.0M35.5M40.8M24.0M
Other Current Liab362.4K(221.7K)845.6K2.4M2.7M2.9M
Total Current Liabilities1.3M1.1M1.5M3.1M3.5M3.7M
Total Stockholder Equity8.6M39.0M33.5M32.4M32.4M22.2M
Net Tangible Assets7.4M8.5M38.8M33.5M38.5M40.4M
Property Plant And Equipment Net332.2K771.5K152.1K61.2K70.3K66.8K
Net Debt(5.8M)(29.4M)143.0K(637.7K)(573.9K)(602.6K)
Retained Earnings884.1K(1.1M)(5.8M)(8.3M)(7.5M)(7.1M)
Cash6.1M30.0M2.5K2.4K695.1K660.3K
Non Current Assets Total499.9K8.7M172.2K7.9M9.0M9.5M
Non Currrent Assets Other7.4K7.8M20.1K7.8M9.0M9.4M
Other Assets6.6K7.4K7.8M20.1K23.1K21.9K
Cash And Short Term Investments6.1M30.0M26.2M26.8M30.8M16.1M
Net Receivables1.2M320.8K7.8M19.0K21.8K20.7K
Common Stock Shares Outstanding200K344.4K518.7K724.9K633.3K579.0K
Liabilities And Stockholders Equity10.1M40.4M35.0M35.5M40.8M21.9M
Non Current Liabilities Total40.1K133.1K237.8K54.7K3.0M3.2M
Inventory1.6M2.2M1.2M692.7K796.6K1.3M
Other Current Assets2.2M1.3M861.7K107.5K800.2K733.6K
Other Stockholder Equity7.7M39.8M42.7M44.1M50.7M53.3M
Total Liab1.4M1.4M1.5M3.1M3.5M1.8M
Net Invested Capital8.6M39.0M33.5M32.4M37.3M20.4M
Property Plant And Equipment Gross332.2K819.2K197.3K105.9K121.8K115.7K
Total Current Assets9.6M31.6M34.9M27.6M31.8M20.4M
Accumulated Other Comprehensive Income52.7K296.4K(3.4M)(3.4M)(3.1M)(2.9M)
Net Working Capital8.3M30.5M33.4M24.6M28.2M17.5M
Intangible Assets16.7K170.3K160.2K147.5K169.7K117.7K
Property Plant Equipment144.6K332.2K771.5K152.1K174.9K262.8K
Short Long Term Debt Total321.9K661.0K145.5K57.4K51.7K49.1K
Short Term Debt377.6K846.2K181.6K57.4K51.7K49.1K
Capital Lease Obligations321.9K661.0K145.5K57.4K51.7K49.1K

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