ELECTCAST | | | 159.92 0.58 0.36% |
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 Net Debt and its Total Liab 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.
Net Debt vs Total Liab
Net Debt vs Total Liab Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Electrosteel Castings Net Debt account and
Total Liab. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Electrosteel Castings' Net Debt and Total Liab is 0.9. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Total Liab 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' Net Debt and Total Liab is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Debt of Electrosteel Castings Limited are associated (or correlated) with its Total Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Liab has no effect on the direction of Net Debt i.e., Electrosteel Castings' Net Debt and Total Liab go up and down completely randomly.
Correlation Coefficient | 0.9 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Net Debt
The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.
Total Liab
The total amount of all liabilities that a company has, including both short-term and long-term liabilities.
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 2.1
B, whereas
Selling General Administrative is forecasted to decline to about 202.6
M.
Electrosteel Castings fundamental ratios Correlations
Click cells to compare fundamentals
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
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.