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 Operating Income and its Interest Income 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.
Operating Income vs Interest Income
Operating Income vs Interest Income Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Coal India Limited Operating Income account and
Interest Income. At this time, the significance of the direction appears to have almost no relationship.
The correlation between Coal India's Operating Income and Interest Income is 0.19. Overlapping area represents the amount of variation of Operating Income that can explain the historical movement of Interest Income 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 Operating Income and Interest Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Operating Income of Coal India Limited are associated (or correlated) with its Interest Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Interest Income has no effect on the direction of Operating Income i.e., Coal India's Operating Income and Interest Income go up and down completely randomly.
Correlation Coefficient | 0.19 |
Relationship Direction | Positive |
Relationship Strength | Insignificant |
Operating Income
Operating Income is the amount of profit realized from Coal India Limited operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Coal India Limited is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.
Interest Income
Income earned from the investment of cash or from lending money to others, including interest from bank accounts, bonds, or other interest-bearing investments.
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.