Ashapura Tax Provision vs Minority Interest Analysis

ASHAPURMIN   463.95  41.60  9.85%   
Ashapura Minechem financial indicator trend analysis is way more than just evaluating Ashapura Minechem prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Ashapura Minechem is a good investment. Please check the relationship between Ashapura Minechem Tax Provision and its Minority Interest accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Ashapura Minechem 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 american community survey.

Tax Provision vs Minority Interest

Tax Provision vs Minority Interest Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Ashapura Minechem Tax Provision account and Minority Interest. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Ashapura Minechem's Tax Provision and Minority Interest is -0.38. Overlapping area represents the amount of variation of Tax Provision that can explain the historical movement of Minority Interest in the same time period over historical financial statements of Ashapura Minechem Limited, assuming nothing else is changed. The correlation between historical values of Ashapura Minechem's Tax Provision and Minority Interest is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Tax Provision of Ashapura Minechem Limited are associated (or correlated) with its Minority Interest. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Minority Interest has no effect on the direction of Tax Provision i.e., Ashapura Minechem's Tax Provision and Minority Interest go up and down completely randomly.

Correlation Coefficient

-0.38
Relationship DirectionNegative 
Relationship StrengthInsignificant

Tax Provision

The amount set aside by a company to cover any estimated taxes for the current period. It reflects the company's expected tax liabilities.

Minority Interest

Minority Interest is the portion of a subsidiary corporation stock that is not owned by the parent corporation. The magnitude of the minority interest in the subsidiary company is generally less than 50% of outstanding shares, otherwise the corporation would generally cease to be a subsidiary of the parent. Minority Interest can also be called non-controlling interest.All shareholders of Ashapura Minechem Limited whose combined shares represent less than 50% of the total outstanding shares issued by Ashapura Minechem have a minority interest in Ashapura Minechem.
Most indicators from Ashapura Minechem's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Ashapura Minechem 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 Ashapura Minechem 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 american community survey.
As of 12/12/2024, Selling General Administrative is likely to drop to about 568 M. In addition to that, Tax Provision is likely to drop to about 150.5 M
 2021 2022 2023 2024 (projected)
Interest Expense556.3M643.2M697.2M386.2M
Depreciation And Amortization580.7M725.0M786.3M825.6M

Ashapura Minechem fundamental ratios Correlations

0.93-0.120.450.920.980.910.90.960.670.980.140.710.830.920.730.910.90.430.610.80.990.58-0.010.19-0.05
0.93-0.220.310.880.940.990.860.890.580.910.20.580.70.920.530.890.890.340.420.690.920.45-0.020.040.23
-0.12-0.220.52-0.37-0.1-0.25-0.4-0.120.1-0.17-0.270.19-0.16-0.320.17-0.35-0.080.130.290.07-0.080.35-0.19-0.04-0.21
0.450.310.520.140.460.30.090.440.290.42-0.150.410.570.170.680.190.420.20.830.780.470.87-0.360.14-0.29
0.920.88-0.370.140.90.851.00.910.680.90.110.650.740.920.530.910.850.390.360.60.910.280.180.080.08
0.980.94-0.10.460.90.920.870.940.650.980.130.60.760.920.730.880.90.310.620.770.950.61-0.150.14-0.01
0.910.99-0.250.30.850.920.840.850.490.890.260.530.70.920.520.90.840.350.410.70.90.44-0.020.040.21
0.90.86-0.40.091.00.870.840.890.670.870.090.640.710.910.490.890.830.380.30.560.890.220.220.060.12
0.960.89-0.120.440.910.940.850.890.760.9-0.050.720.80.830.670.820.920.380.520.710.970.470.050.090.06
0.670.580.10.290.680.650.490.670.760.6-0.370.740.390.490.440.420.840.120.310.330.70.270.050.060.21
0.980.91-0.170.420.90.980.890.870.90.60.240.590.780.940.770.930.850.330.650.790.930.62-0.130.28-0.15
0.140.2-0.27-0.150.110.130.260.09-0.05-0.370.24-0.140.170.380.130.4-0.070.290.140.210.060.15-0.04-0.02-0.22
0.710.580.190.410.650.60.530.640.720.740.59-0.140.690.50.450.560.690.690.340.560.780.270.480.020.01
0.830.7-0.160.570.740.760.70.710.80.390.780.170.690.710.690.80.620.630.620.910.840.540.220.13-0.25
0.920.92-0.320.170.920.920.920.910.830.490.940.380.50.710.590.970.770.380.440.680.870.410.010.16-0.02
0.730.530.170.680.530.730.520.490.670.440.770.130.450.690.590.60.570.290.840.790.670.81-0.340.46-0.53
0.910.89-0.350.190.910.880.90.890.820.420.930.40.560.80.970.60.710.490.450.730.870.390.130.23-0.12
0.90.89-0.080.420.850.90.840.830.920.840.85-0.070.690.620.770.570.710.20.490.60.920.5-0.090.040.26
0.430.340.130.20.390.310.350.380.380.120.330.290.690.630.380.290.490.20.20.470.490.110.62-0.12-0.18
0.610.420.290.830.360.620.410.30.520.310.650.140.340.620.440.840.450.490.20.810.570.96-0.490.39-0.53
0.80.690.070.780.60.770.70.560.710.330.790.210.560.910.680.790.730.60.470.810.780.8-0.10.24-0.34
0.990.92-0.080.470.910.950.90.890.970.70.930.060.780.840.870.670.870.920.490.570.780.520.090.110.03
0.580.450.350.870.280.610.440.220.470.270.620.150.270.540.410.810.390.50.110.960.80.52-0.60.29-0.4
-0.01-0.02-0.19-0.360.18-0.15-0.020.220.050.05-0.13-0.040.480.220.01-0.340.13-0.090.62-0.49-0.10.09-0.6-0.230.16
0.190.04-0.040.140.080.140.040.060.090.060.28-0.020.020.130.160.460.230.04-0.120.390.240.110.29-0.23-0.68
-0.050.23-0.21-0.290.08-0.010.210.120.060.21-0.15-0.220.01-0.25-0.02-0.53-0.120.26-0.18-0.53-0.340.03-0.40.16-0.68
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Ashapura Minechem Account Relationship Matchups

Ashapura Minechem fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets18.2B22.3B24.2B30.5B33.1B34.8B
Short Long Term Debt Total4.4B6.6B6.4B7.6B9.8B10.3B
Other Current Liab4.3B2.1B3.1B7.4B3.3B5.3B
Total Current Liabilities7.5B9.8B11.3B14.3B15.4B9.5B
Total Stockholder Equity3.5B4.3B5.2B6.6B9.3B9.8B
Property Plant And Equipment Net5.5B6.9B6.9B7.3B9.4B9.9B
Net Debt4.0B6.3B6.2B6.8B8.5B8.9B
Retained Earnings1.4B2.2B3.1B4.2B7.0B7.4B
Accounts Payable1.4B3.7B3.5B4.5B5.6B5.8B
Cash407.0M354.4M234.3M735.5M1.3B1.4B
Non Current Assets Total10.5B11.0B11.4B12.1B14.7B15.4B
Non Currrent Assets Other1.5B703.2M616.1M650.5M223.8M212.6M
Cash And Short Term Investments440.4M357.7M237.3M2.2B1.4B1.4B
Net Receivables2.8B4.7B4.4B7.0B5.9B3.4B
Liabilities And Stockholders Equity18.2B22.3B24.2B30.5B33.1B34.8B
Non Current Liabilities Total7.2B8.2B7.7B9.6B8.5B8.9B
Inventory2.2B2.9B4.1B5.3B9.5B9.9B
Other Current Assets2.1B3.3B1.9B12.3B1.6B2.1B
Other Stockholder Equity1.8B1.8B1.8B1.9B2.1B1.8B
Total Liab14.7B18.0B19.0B23.9B23.9B13.6B
Total Current Assets7.7B11.3B12.9B18.4B18.4B19.3B
Accumulated Other Comprehensive Income(6.7B)149.3M55.2M377.0M160.4M168.5M
Short Term Investments33.4M3.3M3.0M1.5B6.3M6.0M
Current Deferred Revenue5.0B4.4B6.1B2.9B2.1B3.9B
Short Term Debt510.6M1.1B1.1B1.1B3.0B3.1B
Intangible Assets4.8M3.1M608.8M793.3M2.0M1.9M
Other Liab3.3B2.7B2.4B3.1B3.6B3.7B
Net Tangible Assets2.7B3.4B4.2B5.5B6.3B6.6B
Other Assets1.7B812.5M756.7M146.2M168.1M159.7M
Long Term Debt3.9B5.5B5.3B6.5B6.9B7.2B
Short Long Term Debt499.2M922.0M1.1B1.1B2.9B3.1B
Property Plant Equipment5.2B6.3B6.9B7.3B8.3B4.9B
Long Term Debt Total3.9B5.5B5.3B6.5B7.5B7.9B
Non Current Liabilities Other488K2.6B2.3B907K6K5.7K
Net Invested Capital7.9B10.8B11.6B14.2B19.1B9.9B

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