Apollo Total Assets vs Cash Analysis

APOLLOTYRE

521.45 7.70 1.50%

Apollo Tyres financial indicator trend analysis is way more than just evaluating Apollo Tyres Limited prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Apollo Tyres Limited is a good investment. Please check the relationship between Apollo Tyres Total Assets and its Cash accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Apollo Tyres Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

Total Assets vs Cash

Total Assets vs Cash Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Apollo Tyres Limited Total Assets account and Cash. At this time, the significance of the direction appears to have very strong relationship.

The correlation between Apollo Tyres' Total Assets and Cash is 0.84. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Cash in the same time period over historical financial statements of Apollo Tyres Limited, assuming nothing else is changed. The correlation between historical values of Apollo Tyres' Total Assets 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 Total Assets of Apollo Tyres Limited 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 Total Assets i.e., Apollo Tyres' Total Assets and Cash go up and down completely randomly.

Correlation Coefficient

0.84

Relationship Direction	Positive
Relationship Strength	Strong

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Total Assets

Total assets refers to the total amount of Apollo Tyres assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Apollo Tyres Limited books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.

Cash

Cash refers to the most liquid asset of Apollo Tyres Limited, which is listed under current asset account on Apollo Tyres Limited balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Apollo Tyres customers. The amounts must be unrestricted with restricted cash listed in a different Apollo Tyres 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 Apollo Tyres' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Apollo Tyres Limited 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 Apollo Tyres Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

Selling General Administrative is likely to gain to about 31.6 B in 2024. Tax Provision is likely to gain to about 8.6 B in 2024

	2021	2022	2023	2024 (projected)
Interest Expense	4.3B	5.3B	5.1B	5.3B
Depreciation And Amortization	14.0B	14.2B	14.8B	15.5B

Interest Expense Depreciation And Amortization

Apollo Tyres fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Good Will	Common Stock Shares Outstanding	Short Term Investments	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Intangible Assets	Common Stock	Current Deferred Revenue
Total Assets		0.92	0.6	0.97	0.86	0.91	0.9	0.74	0.96	0.84	0.92	0.28	0.77	0.64	0.39	0.89	0.57	0.95	0.96	0.36	-0.2	0.99	0.95	0.9	0.91	0.57
Short Long Term Debt Total	0.92		0.56	0.88	0.74	0.88	1.0	0.59	0.88	0.71	0.88	0.22	0.67	0.41	0.25	0.73	0.5	0.99	0.84	0.28	-0.26	0.97	0.79	0.85	0.76	0.56
Other Current Liab	0.6	0.56		0.68	0.64	0.68	0.53	0.57	0.7	0.58	0.66	-0.31	0.59	0.62	0.1	0.65	0.5	0.57	0.58	0.47	-0.11	0.64	0.64	0.56	0.69	0.19
Total Current Liabilities	0.97	0.88	0.68		0.81	0.87	0.85	0.7	0.96	0.82	0.87	0.2	0.75	0.69	0.42	0.9	0.55	0.88	0.96	0.44	-0.06	0.96	0.96	0.82	0.9	0.5
Total Stockholder Equity	0.86	0.74	0.64	0.81		0.96	0.71	0.97	0.83	0.76	0.96	0.15	0.68	0.85	0.37	0.85	0.52	0.79	0.83	0.42	-0.19	0.82	0.84	0.95	0.89	0.57
Property Plant And Equipment Net	0.91	0.88	0.68	0.87	0.96		0.86	0.89	0.89	0.76	1.0	0.13	0.69	0.72	0.29	0.83	0.53	0.91	0.85	0.41	-0.24	0.91	0.84	0.97	0.87	0.58
Net Debt	0.9	1.0	0.53	0.85	0.71	0.86		0.56	0.86	0.65	0.86	0.23	0.63	0.38	0.21	0.7	0.48	0.98	0.82	0.29	-0.27	0.95	0.76	0.84	0.72	0.54
Retained Earnings	0.74	0.59	0.57	0.7	0.97	0.89	0.56		0.71	0.66	0.89	0.09	0.57	0.86	0.37	0.81	0.41	0.65	0.73	0.47	-0.14	0.69	0.75	0.89	0.84	0.51
Accounts Payable	0.96	0.88	0.7	0.96	0.83	0.89	0.86	0.71		0.8	0.89	0.14	0.68	0.69	0.38	0.88	0.47	0.9	0.96	0.32	-0.27	0.96	0.93	0.84	0.9	0.39
Cash	0.84	0.71	0.58	0.82	0.76	0.76	0.65	0.66	0.8		0.76	0.08	0.78	0.61	0.45	0.83	0.51	0.74	0.78	0.13	-0.08	0.8	0.85	0.69	0.84	0.53
Non Current Assets Total	0.92	0.88	0.66	0.87	0.96	1.0	0.86	0.89	0.89	0.76		0.16	0.7	0.72	0.32	0.83	0.53	0.91	0.86	0.41	-0.25	0.92	0.84	0.98	0.87	0.59
Non Currrent Assets Other	0.28	0.22	-0.31	0.2	0.15	0.13	0.23	0.09	0.14	0.08	0.16		0.4	0.14	0.39	0.05	0.49	0.26	0.23	0.01	0.24	0.24	0.28	0.29	0.07	0.62
Cash And Short Term Investments	0.77	0.67	0.59	0.75	0.68	0.69	0.63	0.57	0.68	0.78	0.7	0.4		0.56	0.3	0.63	0.93	0.72	0.65	0.28	0.17	0.75	0.8	0.7	0.71	0.71
Net Receivables	0.64	0.41	0.62	0.69	0.85	0.72	0.38	0.86	0.69	0.61	0.72	0.14	0.56		0.46	0.79	0.44	0.47	0.72	0.42	0.07	0.58	0.77	0.7	0.8	0.37
Good Will	0.39	0.25	0.1	0.42	0.37	0.29	0.21	0.37	0.38	0.45	0.32	0.39	0.3	0.46		0.41	0.15	0.25	0.38	0.04	0.13	0.34	0.44	0.31	0.38	0.39
Common Stock Shares Outstanding	0.89	0.73	0.65	0.9	0.85	0.83	0.7	0.81	0.88	0.83	0.83	0.05	0.63	0.79	0.41		0.39	0.77	0.93	0.36	-0.12	0.85	0.93	0.77	0.99	0.41
Short Term Investments	0.57	0.5	0.5	0.55	0.52	0.53	0.48	0.41	0.47	0.51	0.53	0.49	0.93	0.44	0.15	0.39		0.55	0.43	0.31	0.3	0.57	0.62	0.57	0.5	0.68
Non Current Liabilities Total	0.95	0.99	0.57	0.88	0.79	0.91	0.98	0.65	0.9	0.74	0.91	0.26	0.72	0.47	0.25	0.77	0.55		0.87	0.29	-0.3	0.98	0.83	0.89	0.8	0.59
Inventory	0.96	0.84	0.58	0.96	0.83	0.85	0.82	0.73	0.96	0.78	0.86	0.23	0.65	0.72	0.38	0.93	0.43	0.87		0.37	-0.21	0.94	0.96	0.83	0.92	0.44
Other Current Assets	0.36	0.28	0.47	0.44	0.42	0.41	0.29	0.47	0.32	0.13	0.41	0.01	0.28	0.42	0.04	0.36	0.31	0.29	0.37		0.14	0.36	0.38	0.43	0.35	0.35
Other Stockholder Equity	-0.2	-0.26	-0.11	-0.06	-0.19	-0.24	-0.27	-0.14	-0.27	-0.08	-0.25	0.24	0.17	0.07	0.13	-0.12	0.3	-0.3	-0.21	0.14		-0.2	-0.04	-0.25	-0.13	0.22
Total Liab	0.99	0.97	0.64	0.96	0.82	0.91	0.95	0.69	0.96	0.8	0.92	0.24	0.75	0.58	0.34	0.85	0.57	0.98	0.94	0.36	-0.2		0.92	0.88	0.87	0.57
Total Current Assets	0.95	0.79	0.64	0.96	0.84	0.84	0.76	0.75	0.93	0.85	0.84	0.28	0.8	0.77	0.44	0.93	0.62	0.83	0.96	0.38	-0.04	0.92		0.81	0.95	0.51
Intangible Assets	0.9	0.85	0.56	0.82	0.95	0.97	0.84	0.89	0.84	0.69	0.98	0.29	0.7	0.7	0.31	0.77	0.57	0.89	0.83	0.43	-0.25	0.88	0.81		0.82	0.64
Common Stock	0.91	0.76	0.69	0.9	0.89	0.87	0.72	0.84	0.9	0.84	0.87	0.07	0.71	0.8	0.38	0.99	0.5	0.8	0.92	0.35	-0.13	0.87	0.95	0.82		0.45
Current Deferred Revenue	0.57	0.56	0.19	0.5	0.57	0.58	0.54	0.51	0.39	0.53	0.59	0.62	0.71	0.37	0.39	0.41	0.68	0.59	0.44	0.35	0.22	0.57	0.51	0.64	0.45

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Apollo Tyres Account Relationship Matchups

Apollo Tyres fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	232.5B	260.6B	267.0B	273.6B	269.6B	135.2B
Short Long Term Debt Total	77.8B	73.6B	69.8B	64.2B	49.1B	33.6B
Other Current Liab	126.6M	17.1B	16.4B	13.9B	12.1B	12.7B
Total Current Liabilities	57.1B	67.3B	74.5B	80.1B	70.4B	37.3B
Total Stockholder Equity	99.3B	114.4B	117.5B	128.8B	139.0B	146.0B
Property Plant And Equipment Net	161.2B	165.4B	172.6B	168.8B	163.4B	171.5B
Net Debt	70.5B	63.9B	61.1B	55.8B	39.9B	28.3B
Retained Earnings	61.3B	64.0B	67.2B	76.4B	104.8B	110.1B
Accounts Payable	23.1B	25.4B	32.8B	34.0B	29.8B	16.1B
Cash	7.4B	9.7B	8.7B	8.4B	9.1B	5.2B
Non Current Assets Total	177.7B	183.7B	188.6B	185.0B	179.3B	188.3B
Non Currrent Assets Other	4.7B	5.1B	5.1B	4.9B	768.4M	730.0M
Cash And Short Term Investments	7.5B	22.3B	15.4B	14.5B	14.1B	8.4B
Net Receivables	9.4B	16.8B	22.0B	26.6B	26.6B	28.0B
Good Will	2.1B	2.2B	2.2B	2.3B	2.3B	1.7B
Short Term Investments	76.2M	12.6B	6.7B	6.1B	4.9B	3.9B
Liabilities And Stockholders Equity	232.5B	260.6B	267.0B	273.6B	269.6B	135.2B
Non Current Liabilities Total	76.1B	78.9B	75.0B	64.7B	60.1B	35.7B
Inventory	32.1B	33.2B	41.6B	44.3B	42.5B	23.1B
Other Current Assets	199.3M	7.3B	5.6B	6.9B	7.1B	7.5B
Other Stockholder Equity	103.3B	(76.7B)	22.4B	31.3B	31.3B	37.8B
Total Liab	133.2B	146.2B	149.5B	144.8B	130.6B	73.0B
Total Current Assets	54.8B	76.9B	78.5B	88.6B	90.3B	46.5B
Accumulated Other Comprehensive Income	(81.7B)	17.1B	18.4B	20.4B	2.2B	2.3B
Intangible Assets	7.6B	7.6B	7.4B	7.9B	7.9B	8.2B
Current Deferred Revenue	15.8B	20.9B	18.9B	7.6B	12.0B	14.7B
Short Term Debt	18.1B	18.1B	20.1B	20.2B	15.2B	14.1B
Other Liab	16.2B	16.4B	23.5B	24.5B	28.2B	16.4B
Net Tangible Assets	94.9B	93.8B	108.4B	111.4B	128.1B	88.2B
Other Assets	9.2B	11.2B	8.4B	3.7B	(1.0)	(0.95)
Long Term Debt	51.4B	48.1B	44.1B	37.9B	26.7B	32.5B
Deferred Long Term Liab	3.3B	4.1B	3.9B	3.4B	3.9B	2.7B
Short Long Term Debt	16.2B	3.0B	17.1B	18.0B	12.7B	11.7B
Property Plant Equipment	161.4B	165.4B	172.6B	168.8B	194.2B	125.5B
Long Term Debt Total	59.7B	55.4B	50.5B	44.0B	50.6B	43.5B
Capital Lease Obligations	10.3B	9.3B	8.7B	8.3B	9.6B	6.4B

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Apollo Total Assets vs Cash Analysis

Total Assets vs Cash

Total Assets vs Cash Correlation Analysis

Correlation Coefficient

Total Assets

Cash

Apollo Tyres fundamental ratios Correlations

Apollo Tyres Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Apollo Tyres fundamental ratios Accounts

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Net Debt	+ 1.0	Short Long Term Debt Total
Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Total Liab	+ 0.99	Total Assets
Non Current Liabilities Total	+ 0.99	Short Long Term Debt Total
Common Stock	+ 0.99	Common Stock Shares Outstanding
Non Current Liabilities Total	+ 0.98	Net Debt

Non Currrent Assets Other	- 0.31	Other Current Liab
Other Stockholder Equity	- 0.3	Non Current Liabilities Total
Other Stockholder Equity	- 0.27	Accounts Payable
Other Stockholder Equity	- 0.27	Net Debt
Other Stockholder Equity	- 0.26	Short Long Term Debt Total
Intangible Assets	- 0.25	Other Stockholder Equity