BODALCHEM | | | 69.31 0.12 0.17% |
Bodal Chemicals financial indicator trend analysis is way more than just evaluating Bodal Chemicals prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Bodal Chemicals is a good investment. Please check the relationship between Bodal Chemicals Depreciation And Amortization and its Income Before Tax accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Bodal Chemicals 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.
Depreciation And Amortization vs Income Before Tax
Depreciation And Amortization vs Income Before Tax Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Bodal Chemicals Depreciation And Amortization account and
Income Before Tax. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Bodal Chemicals' Depreciation And Amortization and Income Before Tax is -0.15. Overlapping area represents the amount of variation of Depreciation And Amortization that can explain the historical movement of Income Before Tax in the same time period over historical financial statements of Bodal Chemicals Limited, assuming nothing else is changed. The correlation between historical values of Bodal Chemicals' Depreciation And Amortization and Income Before Tax is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Depreciation And Amortization of Bodal Chemicals Limited are associated (or correlated) with its Income Before Tax. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Income Before Tax has no effect on the direction of Depreciation And Amortization i.e., Bodal Chemicals' Depreciation And Amortization and Income Before Tax go up and down completely randomly.
Correlation Coefficient | -0.15 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Depreciation And Amortization
The systematic reduction in the recorded value of an intangible asset. This includes the allocation of the cost of tangible assets to periods in which the assets are used, representing the expense related to the wear and tear, deterioration, or obsolescence of physical assets and intangible assets over their useful lives.
Income Before Tax
Income Before Tax which can also be referred as pre-tax income is reported on Bodal Chemicals income statement and is an important metric when analyzing Bodal Chemicals profitability. Accounting techniques because taxes can be complex, and not perfectly consistent from one company to company, an analyst may use pre-tax income as a more stable measure of profitability.
Most indicators from Bodal Chemicals' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Bodal Chemicals 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 Bodal Chemicals 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.
The Bodal Chemicals' current
Selling General Administrative is estimated to increase to about 104.4
M, while
Tax Provision is forecasted to increase to (16.5
M).
| 2021 | 2022 | 2023 | 2024 (projected) |
Interest Expense | 274.5M | 410.3M | 542.5M | 569.7M | Depreciation And Amortization | 466.2M | 530.9M | 604.9M | 635.2M |
Bodal Chemicals fundamental ratios Correlations
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Bodal Chemicals Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Bodal Chemicals fundamental ratios Accounts
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Other Information on Investing in Bodal Stock
Balance Sheet is a snapshot of the
financial position of Bodal Chemicals at a specified time, usually calculated after every quarter, six months, or one year. Bodal Chemicals Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Bodal Chemicals 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 Bodal currently owns. An asset can also be divided into two categories, current and non-current.