Coal Total Current Assets vs Inventory Analysis

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 Total Current Assets 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.

Total Current Assets vs Inventory

Total Current Assets vs Inventory Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Coal India Limited Total Current Assets account and Inventory. At this time, the significance of the direction appears to have strong relationship.
The correlation between Coal India's Total Current Assets and Inventory is 0.61. Overlapping area represents the amount of variation of Total Current Assets 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 Total Current Assets 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 Total Current Assets 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 Total Current Assets i.e., Coal India's Total Current Assets and Inventory go up and down completely randomly.

Correlation Coefficient

0.61
Relationship DirectionPositive 
Relationship StrengthSignificant

Total Current Assets

The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.

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).
 2021 2022 2023 2024 (projected)
Interest Expense4.6B6.8B8.1B8.5B
Depreciation And Amortization48.9B73.8B73.2B76.8B

Coal India fundamental ratios Correlations

0.60.480.90.590.750.360.58-0.290.770.070.02-0.370.850.780.71-0.660.960.8-0.37-0.350.290.41-0.280.770.11
0.60.640.660.540.840.470.53-0.330.83-0.38-0.48-0.710.770.520.73-0.840.630.26-0.71-0.1-0.230.49-0.430.810.58
0.480.640.480.740.74-0.090.830.20.73-0.44-0.08-0.740.570.340.71-0.620.390.28-0.73-0.57-0.370.82-0.550.38-0.15
0.90.660.480.410.770.420.44-0.340.79-0.13-0.17-0.370.840.670.82-0.720.960.61-0.37-0.440.140.3-0.080.870.19
0.590.540.740.410.750.110.95-0.030.740.170.33-0.820.690.450.55-0.580.420.63-0.8-0.240.240.88-0.80.28-0.14
0.750.840.740.770.750.50.69-0.391.0-0.15-0.25-0.850.940.60.92-0.860.750.43-0.85-0.480.020.68-0.580.760.18
0.360.47-0.090.420.110.5-0.01-0.990.50.28-0.51-0.30.510.310.47-0.540.460.01-0.31-0.030.420.06-0.190.570.37
0.580.530.830.440.950.69-0.010.10.680.00.33-0.720.60.350.55-0.620.40.61-0.7-0.280.130.9-0.710.29-0.21
-0.29-0.330.2-0.34-0.03-0.39-0.990.1-0.4-0.360.460.2-0.41-0.24-0.380.43-0.390.030.220.02-0.490.010.13-0.47-0.3
0.770.830.730.790.741.00.50.68-0.4-0.14-0.25-0.830.950.610.92-0.870.770.44-0.83-0.490.040.67-0.570.770.18
0.07-0.38-0.44-0.130.17-0.150.280.0-0.36-0.140.530.11-0.010.18-0.290.29-0.030.370.110.270.88-0.01-0.17-0.33-0.21
0.02-0.48-0.08-0.170.33-0.25-0.510.330.46-0.250.530.11-0.11-0.06-0.360.33-0.160.570.120.180.530.14-0.11-0.46-0.49
-0.37-0.71-0.74-0.37-0.82-0.85-0.3-0.720.2-0.830.110.11-0.7-0.32-0.690.69-0.32-0.21.00.320.07-0.80.79-0.39-0.09
0.850.770.570.840.690.940.510.6-0.410.95-0.01-0.11-0.70.70.86-0.790.870.62-0.7-0.370.20.5-0.440.820.26
0.780.520.340.670.450.60.310.35-0.240.610.18-0.06-0.320.70.46-0.40.760.61-0.33-0.220.160.29-0.320.540.36
0.710.730.710.820.550.920.470.55-0.380.92-0.29-0.36-0.690.860.46-0.820.760.31-0.69-0.67-0.070.53-0.330.790.05
-0.66-0.84-0.62-0.72-0.58-0.86-0.54-0.620.43-0.870.290.330.69-0.79-0.4-0.82-0.68-0.310.690.28-0.01-0.620.53-0.8-0.28
0.960.630.390.960.420.750.460.4-0.390.77-0.03-0.16-0.320.870.760.76-0.680.68-0.32-0.370.220.24-0.120.880.24
0.80.260.280.610.630.430.010.610.030.440.370.57-0.20.620.610.31-0.310.68-0.19-0.030.530.32-0.220.39-0.04
-0.37-0.71-0.73-0.37-0.8-0.85-0.31-0.70.22-0.830.110.121.0-0.7-0.33-0.690.69-0.32-0.190.320.07-0.790.79-0.39-0.1
-0.35-0.1-0.57-0.44-0.24-0.48-0.03-0.280.02-0.490.270.180.32-0.37-0.22-0.670.28-0.37-0.030.320.19-0.350.11-0.250.5
0.29-0.23-0.370.140.240.020.420.13-0.490.040.880.530.070.20.16-0.07-0.010.220.530.070.190.02-0.12-0.02-0.2
0.410.490.820.30.880.680.060.90.010.67-0.010.14-0.80.50.290.53-0.620.240.32-0.79-0.350.02-0.870.15-0.25
-0.28-0.43-0.55-0.08-0.8-0.58-0.19-0.710.13-0.57-0.17-0.110.79-0.44-0.32-0.330.53-0.12-0.220.790.11-0.12-0.87-0.070.02
0.770.810.380.870.280.760.570.29-0.470.77-0.33-0.46-0.390.820.540.79-0.80.880.39-0.39-0.25-0.020.15-0.070.49
0.110.58-0.150.19-0.140.180.37-0.21-0.30.18-0.21-0.49-0.090.260.360.05-0.280.24-0.04-0.10.5-0.2-0.250.020.49
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Coal India Account Relationship Matchups

Coal India fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets1.5T1.6T1.8T2.1T2.4T1.3T
Short Long Term Debt Total64.3B58.8B35.1B43.3B65.2B68.5B
Other Current Liab18.0B235.7B256.0B392.3B519.4B545.4B
Total Current Liabilities484.6B516.4B574.0B687.3B612.7B452.3B
Total Stockholder Equity321.6B365.2B431.4B572.4B827.3B868.7B
Property Plant And Equipment Net450.4B528.0B593.7B646.4B909.0B954.4B
Net Debt46.6B6.5B(27.6B)(13.3B)5.1B5.4B
Retained Earnings75.5B117.4B174.5B489.1B544.3B571.5B
Cash17.8B52.3B62.8B56.7B60.1B57.1B
Non Current Assets Total665.1B770.5B874.0B1.0T1.3T1.4T
Non Currrent Assets Other160.6B176.2B208.9B259.7B285.9B221.6B
Cash And Short Term Investments271.9B202.6B356.0B466.9B329.3B399.3B
Liabilities And Stockholders Equity1.5T1.6T1.8T2.1T2.4T1.3T
Non Current Liabilities Total690.1B731.8B790.2B844.6B928.2B974.6B
Inventory66.2B89.5B70.8B81.5B101.8B67.2B
Other Current Assets142.5B365.3B379.4B437.8B475.2B498.9B
Other Stockholder Equity(297.9B)177.8M195.3B(550.7B)(544.3B)(517.0B)
Total Liab1.2T1.2T1.4T1.5T1.5T900.8B
Total Current Assets835.1B847.2B928.4B1.1T1.0T786.6B
Accumulated Other Comprehensive Income(146.7B)186.0B195.3B211.4B221.4B232.5B
Net Receivables354.6B196.2B113.7B130.6B132.6B160.6B
Short Term Investments254.1B150.3B293.2B410.3B269.3B240.7B
Intangible Assets685.5M996.1M2.0B49.5B69.4B72.9B
Current Deferred Revenue321.2B391.1B481.7B278.0B(3.8B)(3.6B)
Accounts Payable101.1B84.7B86.0B85.5B83.9B57.7B
Short Term Debt44.4B32.0B522M681.7M7.5B12.7B
Other Liab667.1B704.9B755.6B801.9B922.2B637.7B
Net Tangible Assets320.6B363.9B428.5B523.0B601.4B381.6B
Other Assets195.0B216.7B250.3B142.3B163.6B173.9B
Long Term Debt19.9B26.9B33.0B41.1B56.2B59.0B
Short Long Term Debt44.3B31.9B79.8M84.8M6.7B12.4B
Property Plant Equipment450.2B527.6B592.9B646.4B743.3B435.4B
Long Term Debt Total19.9B26.9B34.6B42.6B49.0B51.5B
Non Current Liabilities Other54.0B56.5B59.8B68.3B74.4B59.0B
Cash And Equivalents18.7B12.8B29.2B28.6B32.9B20.2B
Net Invested Capital385.9B423.9B464.5B613.6B890.2B515.2B
Net Working Capital350.5B330.8B354.4B393.5B426.1B356.8B

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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.