COALINDIA | | | 382.00 9.95 2.54% |
Coal India financial indicator trend analysis is way more than just evaluating Coal India Limited prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Coal India Limited is a good investment. Please check the relationship between Coal India Accounts Payable and its Inventory accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Coal India 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 gross domestic product.
Accounts Payable vs Inventory
Accounts Payable vs Inventory Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Coal India Limited Accounts Payable account and
Inventory. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Coal India's Accounts Payable and Inventory is 0.54. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Inventory in the same time period over historical financial statements of Coal India Limited, assuming nothing else is changed. The correlation between historical values of Coal India's Accounts Payable and Inventory is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Accounts Payable of Coal India Limited are associated (or correlated) with its Inventory. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Inventory has no effect on the direction of Accounts Payable i.e., Coal India's Accounts Payable and Inventory go up and down completely randomly.
Correlation Coefficient | 0.54 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Accounts Payable
An accounting item on the balance sheet that represents Coal India obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Coal India Limited are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.
Inventory
Most indicators from Coal India's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Coal India 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 Coal India 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 gross domestic product.
The current year's
Selling General Administrative is expected to grow to about 738.7
B, whereas
Discontinued Operations is forecasted to decline to (94.5
K).
Coal India fundamental ratios Correlations
Click cells to compare fundamentals
Coal India Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Coal India fundamental ratios Accounts
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Other Information on Investing in Coal Stock
Balance Sheet is a snapshot of the
financial position of Coal India Limited at a specified time, usually calculated after every quarter, six months, or one year. Coal India Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Coal India 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 Coal currently owns. An asset can also be divided into two categories, current and non-current.