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 Property Plant And Equipment Net and its Net Debt 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.
Property Plant And Equipment Net vs Net Debt
Property Plant And Equipment Net vs Net Debt Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Electrosteel Castings Property Plant And Equipment Net account and
Net Debt. At this time, the significance of the direction appears to have strong relationship.
The correlation between Electrosteel Castings' Property Plant And Equipment Net and Net Debt is 0.71. Overlapping area represents the amount of variation of Property Plant And Equipment Net that can explain the historical movement of Net Debt 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' Property Plant And Equipment Net and Net Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Property Plant And Equipment Net of Electrosteel Castings Limited are associated (or correlated) with its Net Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Debt has no effect on the direction of Property Plant And Equipment Net i.e., Electrosteel Castings' Property Plant And Equipment Net and Net Debt go up and down completely randomly.
Correlation Coefficient | 0.71 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Property Plant And Equipment Net
The total value of a company's physical assets (such as land, buildings, and equipment) used in operations, net of depreciation. It reflects the company's investment in assets used for production.
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.
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.