Electrosteel Interest Income vs Gross Profit Analysis

ELECTCAST

142.57 2.90 1.99%

Electrosteel Castings financial indicator trend analysis is much more than just examining Electrosteel Castings latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Electrosteel Castings is a good investment. Please check the relationship between Electrosteel Castings Interest Income and its Gross Profit accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Electrosteel Castings 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 estimate.

Interest Income vs Gross Profit

Interest Income vs Gross Profit Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Electrosteel Castings Interest Income account and Gross Profit. At this time, the significance of the direction appears to have very strong relationship.

The correlation between Electrosteel Castings' Interest Income and Gross Profit is 0.82. Overlapping area represents the amount of variation of Interest Income that can explain the historical movement of Gross Profit in the same time period over historical financial statements of Electrosteel Castings Limited, assuming nothing else is changed. The correlation between historical values of Electrosteel Castings' Interest Income and Gross Profit is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Interest Income of Electrosteel Castings Limited are associated (or correlated) with its Gross Profit. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Gross Profit has no effect on the direction of Interest Income i.e., Electrosteel Castings' Interest Income and Gross Profit go up and down completely randomly.

Correlation Coefficient

0.82

Relationship Direction	Positive
Relationship Strength	Strong

View All Relationships

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.

Gross Profit

Gross profit is a required income statement account that reflects total revenue of Electrosteel Castings Limited minus its cost of goods sold. It is profit before Electrosteel Castings operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.

Most indicators from Electrosteel Castings' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Electrosteel Castings 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Electrosteel Castings 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 estimate.

The current year's Tax Provision is expected to grow to about 2.4 B, whereas Selling General Administrative is forecasted to decline to about 182.3 M.

	2022	2023	2024	2025 (projected)
Interest Expense	2.9B	2.0B	2.3B	1.3B
Depreciation And Amortization	1.2B	1.2B	1.4B	1.5B

Interest Expense Depreciation And Amortization

Electrosteel Castings fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Good Will	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Intangible Assets	Common Stock	Current Deferred Revenue
Total Assets		0.79	0.37	0.82	0.78	0.81	0.78	0.73	0.93	0.55	0.93	-0.02	0.75	0.66	-0.3	0.98	0.4	0.76	0.54	0.37	0.96	0.79	0.81	0.54	0.97	0.34
Short Long Term Debt Total	0.79		0.22	0.7	0.54	0.63	0.99	0.48	0.72	0.66	0.79	-0.25	0.69	0.41	0.2	0.73	0.65	0.52	0.55	0.17	0.9	0.58	0.76	0.37	0.72	0.25
Other Current Liab	0.37	0.22		0.33	0.19	0.07	0.2	0.12	0.4	0.21	0.28	0.58	0.44	0.29	0.11	0.35	0.0	0.22	0.1	0.0	0.4	0.27	0.25	0.15	0.32	0.05
Total Current Liabilities	0.82	0.7	0.33		0.94	0.87	0.69	0.9	0.83	0.46	0.69	0.14	0.68	0.89	-0.23	0.86	0.31	0.95	0.54	0.27	0.82	0.97	0.98	0.41	0.89	0.29
Total Stockholder Equity	0.78	0.54	0.19	0.94		0.91	0.52	0.97	0.73	0.44	0.68	0.11	0.54	0.94	-0.4	0.82	0.25	0.95	0.47	0.27	0.7	0.96	0.91	0.35	0.87	0.27
Property Plant And Equipment Net	0.81	0.63	0.07	0.87	0.91		0.63	0.86	0.73	0.42	0.81	-0.24	0.54	0.74	-0.44	0.8	0.49	0.83	0.68	0.43	0.76	0.85	0.85	0.6	0.83	0.45
Net Debt	0.78	0.99	0.2	0.69	0.52	0.63		0.47	0.74	0.55	0.78	-0.29	0.63	0.38	0.18	0.73	0.62	0.51	0.59	0.14	0.89	0.56	0.76	0.35	0.72	0.26
Retained Earnings	0.73	0.48	0.12	0.9	0.97	0.86	0.47		0.71	0.37	0.59	0.13	0.45	0.91	-0.41	0.78	0.18	0.95	0.48	0.23	0.64	0.94	0.86	0.31	0.83	0.22
Accounts Payable	0.93	0.72	0.4	0.83	0.73	0.73	0.74	0.71		0.34	0.78	0.08	0.72	0.63	-0.34	0.94	0.26	0.8	0.54	0.34	0.9	0.8	0.78	0.49	0.93	0.33
Cash	0.55	0.66	0.21	0.46	0.44	0.42	0.55	0.37	0.34		0.55	0.03	0.71	0.41	0.22	0.44	0.55	0.36	0.1	0.28	0.6	0.45	0.49	0.37	0.43	0.08
Non Current Assets Total	0.93	0.79	0.28	0.69	0.68	0.81	0.78	0.59	0.78	0.55		-0.25	0.59	0.48	-0.23	0.85	0.64	0.56	0.64	0.41	0.91	0.61	0.69	0.56	0.85	0.39
Non Currrent Assets Other	-0.02	-0.25	0.58	0.14	0.11	-0.24	-0.29	0.13	0.08	0.03	-0.25		0.11	0.4	0.11	0.05	-0.54	0.22	-0.48	-0.15	-0.09	0.21	0.07	-0.22	0.07	-0.37
Cash And Short Term Investments	0.75	0.69	0.44	0.68	0.54	0.54	0.63	0.45	0.72	0.71	0.59	0.11		0.52	-0.13	0.7	0.32	0.62	0.23	0.38	0.77	0.67	0.67	0.6	0.67	0.29
Net Receivables	0.66	0.41	0.29	0.89	0.94	0.74	0.38	0.91	0.63	0.41	0.48	0.4	0.52		-0.27	0.72	0.01	0.94	0.22	0.17	0.56	0.94	0.87	0.25	0.77	0.06
Good Will	-0.3	0.2	0.11	-0.23	-0.4	-0.44	0.18	-0.41	-0.34	0.22	-0.23	0.11	-0.13	-0.27		-0.36	0.19	-0.41	-0.19	-0.29	-0.11	-0.35	-0.13	-0.33	-0.38	-0.51
Common Stock Shares Outstanding	0.98	0.73	0.35	0.86	0.82	0.8	0.73	0.78	0.94	0.44	0.85	0.05	0.7	0.72	-0.36		0.26	0.83	0.51	0.31	0.92	0.84	0.84	0.44	1.0	0.28
Non Current Liabilities Total	0.4	0.65	0.0	0.31	0.25	0.49	0.62	0.18	0.26	0.55	0.64	-0.54	0.32	0.01	0.19	0.26		0.08	0.66	0.23	0.57	0.17	0.31	0.39	0.26	0.44
Inventory	0.76	0.52	0.22	0.95	0.95	0.83	0.51	0.95	0.8	0.36	0.56	0.22	0.62	0.94	-0.41	0.83	0.08		0.4	0.24	0.68	0.99	0.91	0.36	0.87	0.23
Other Current Assets	0.54	0.55	0.1	0.54	0.47	0.68	0.59	0.48	0.54	0.1	0.64	-0.48	0.23	0.22	-0.19	0.51	0.66	0.4		0.2	0.64	0.43	0.5	0.37	0.51	0.53
Other Stockholder Equity	0.37	0.17	0.0	0.27	0.27	0.43	0.14	0.23	0.34	0.28	0.41	-0.15	0.38	0.17	-0.29	0.31	0.23	0.24	0.2		0.31	0.27	0.22	0.75	0.3	0.21
Total Liab	0.96	0.9	0.4	0.82	0.7	0.76	0.89	0.64	0.9	0.6	0.91	-0.09	0.77	0.56	-0.11	0.92	0.57	0.68	0.64	0.31		0.73	0.81	0.5	0.9	0.37
Total Current Assets	0.79	0.58	0.27	0.97	0.96	0.85	0.56	0.94	0.8	0.45	0.61	0.21	0.67	0.94	-0.35	0.84	0.17	0.99	0.43	0.27	0.73		0.94	0.41	0.87	0.26
Short Term Debt	0.81	0.76	0.25	0.98	0.91	0.85	0.76	0.86	0.78	0.49	0.69	0.07	0.67	0.87	-0.13	0.84	0.31	0.91	0.5	0.22	0.81	0.94		0.36	0.87	0.22
Intangible Assets	0.54	0.37	0.15	0.41	0.35	0.6	0.35	0.31	0.49	0.37	0.56	-0.22	0.6	0.25	-0.33	0.44	0.39	0.36	0.37	0.75	0.5	0.41	0.36		0.42	0.36
Common Stock	0.97	0.72	0.32	0.89	0.87	0.83	0.72	0.83	0.93	0.43	0.85	0.07	0.67	0.77	-0.38	1.0	0.26	0.87	0.51	0.3	0.9	0.87	0.87	0.42		0.28
Current Deferred Revenue	0.34	0.25	0.05	0.29	0.27	0.45	0.26	0.22	0.33	0.08	0.39	-0.37	0.29	0.06	-0.51	0.28	0.44	0.23	0.53	0.21	0.37	0.26	0.22	0.36	0.28

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Electrosteel Castings Account Relationship Matchups

Electrosteel Castings fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	71.8B	86.2B	85.2B	91.1B	104.7B	53.8B
Short Long Term Debt Total	21.4B	29.7B	26.7B	23.3B	26.8B	19.0B
Other Current Liab	2.3B	1.8B	2.9B	2.7B	3.1B	1.6B
Total Current Liabilities	20.7B	31.3B	29.4B	29.0B	33.3B	35.0B
Total Stockholder Equity	28.7B	41.0B	43.8B	51.1B	58.8B	61.7B
Property Plant And Equipment Net	39.9B	39.6B	40.3B	41.5B	47.7B	50.1B
Net Debt	19.2B	27.5B	24.4B	20.5B	23.6B	17.0B
Retained Earnings	7.6B	17.7B	20.4B	26.9B	31.0B	32.5B
Accounts Payable	4.5B	6.3B	5.9B	5.5B	6.3B	3.5B
Cash	2.1B	2.1B	2.3B	2.8B	3.2B	2.1B
Non Current Assets Total	41.5B	41.3B	42.0B	45.3B	52.1B	30.3B
Non Currrent Assets Other	622K	422K	275.6M	3.2B	2.8B	1.9B
Cash And Short Term Investments	6.1B	7.2B	7.2B	5.0B	5.8B	3.4B
Net Receivables	7.7B	9.4B	10.6B	13.7B	15.7B	16.5B
Common Stock Shares Outstanding	418.5M	433.0M	594.6M	601.5M	691.7M	405.2M
Liabilities And Stockholders Equity	71.8B	86.2B	85.2B	91.1B	104.7B	53.8B
Non Current Liabilities Total	13.5B	13.9B	11.9B	10.9B	12.6B	13.0B
Inventory	12.3B	22.4B	22.7B	23.6B	27.1B	28.5B
Other Current Assets	3.5B	5.1B	4.4B	3.5B	4.0B	4.3B
Other Stockholder Equity	19.2B	25.6B	10.8B	11.8B	13.5B	11.1B
Total Liab	34.1B	45.2B	41.3B	39.9B	45.9B	28.2B
Total Current Assets	30.3B	44.9B	43.1B	45.8B	52.6B	55.3B
Accumulated Other Comprehensive Income	11.5B	11.9B	12.1B	11.8B	13.6B	14.3B
Short Term Debt	13.0B	20.6B	19.0B	18.6B	21.4B	22.4B
Intangible Assets	137.1M	40.9M	56.7M	47.4M	54.5M	37.8M
Current Deferred Revenue	3.0B	4.4B	1.5B	2.1B	2.4B	2.6B
Short Term Investments	4.0B	5.0B	4.9B	2.2B	2.6B	2.0B
Other Liab	4.7B	3.8B	5.1B	4.8B	5.6B	4.2B
Net Tangible Assets	26.3B	28.8B	28.5B	41.0B	47.1B	29.4B
Other Assets	441.1M	651.6M	666.2M	565.0M	508.5M	507.5M
Long Term Debt	8.0B	8.8B	7.4B	4.2B	3.8B	3.6B
Short Long Term Debt	11.3B	20.5B	18.9B	18.5B	21.3B	13.5B
Property Plant Equipment	28.6B	39.9B	39.6B	40.3B	46.3B	34.5B
Long Term Debt Total	7.2B	8.4B	9.1B	7.7B	6.9B	7.2B
Capital Lease Obligations	418.8M	371.0M	392.6M	656.9M	755.4M	793.2M
Non Current Liabilities Other	474.9M	346.1M	41.9M	39.7M	35.7M	33.9M

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Other Information on Investing in Electrosteel Stock

Balance Sheet is a snapshot of the financial position of Electrosteel Castings at a specified time, usually calculated after every quarter, six months, or one year. Electrosteel Castings Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Electrosteel Castings 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 Electrosteel currently owns. An asset can also be divided into two categories, current and non-current.

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Electrosteel Interest Income vs Gross Profit Analysis

Interest Income vs Gross Profit

Interest Income vs Gross Profit Correlation Analysis

Correlation Coefficient

Interest Income

Gross Profit

Electrosteel Castings fundamental ratios Correlations

Electrosteel Castings Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Electrosteel Castings fundamental ratios Accounts

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Other Information on Investing in Electrosteel Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Common Stock	+ 1.0	Common Stock Shares Outstanding
Net Debt	+ 0.99	Short Long Term Debt Total
Total Current Assets	+ 0.99	Inventory
Common Stock Shares Outstanding	+ 0.98	Total Assets
Short Term Debt	+ 0.98	Total Current Liabilities
Common Stock	+ 0.97	Total Assets

Non Current Liabilities Total	- 0.54	Non Currrent Assets Other
Current Deferred Revenue	- 0.51	Good Will
Other Current Assets	- 0.48	Non Currrent Assets Other
Good Will	- 0.44	Property Plant And Equipment Net
Inventory	- 0.41	Good Will
Good Will	- 0.41	Retained Earnings