COALINDIA | | | 395.80 7.10 1.76% |
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 Change In Cash and its Change To 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.
Change In Cash vs Change To Inventory
Change In Cash vs Change To Inventory Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Coal India Limited Change In Cash account and
Change To Inventory. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Coal India's Change In Cash and Change To Inventory is -0.02. Overlapping area represents the amount of variation of Change In Cash that can explain the historical movement of Change To 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 Change In Cash and Change To 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 Change In Cash of Coal India Limited are associated (or correlated) with its Change To Inventory. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Change To Inventory has no effect on the direction of Change In Cash i.e., Coal India's Change In Cash and Change To Inventory go up and down completely randomly.
Correlation Coefficient | -0.02 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Change In Cash
Change To Inventory
The increase or decrease in the amount of inventory a company has over a certain period.
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.