Hardwyn Cash vs Non Currrent Assets Other Analysis

HARDWYN Stock

19.47 1.71 8.07%

Hardwyn India financial indicator trend analysis is much more than just examining Hardwyn India Limited latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Hardwyn India Limited is a good investment. Please check the relationship between Hardwyn India Cash and its Non Currrent Assets Other accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Hardwyn 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 housing.

Cash vs Non Currrent Assets Other

Cash vs Non Currrent Assets Other Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Hardwyn India Limited Cash account and Non Currrent Assets Other. At this time, the significance of the direction appears to have strong contrarian relationship.

The correlation between Hardwyn India's Cash and Non Currrent Assets Other is -0.61. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Non Currrent Assets Other in the same time period over historical financial statements of Hardwyn India Limited, assuming nothing else is changed. The correlation between historical values of Hardwyn India's Cash and Non Currrent Assets Other is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash of Hardwyn India Limited are associated (or correlated) with its Non Currrent Assets Other. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Currrent Assets Other has no effect on the direction of Cash i.e., Hardwyn India's Cash and Non Currrent Assets Other go up and down completely randomly.

Correlation Coefficient

-0.61

Relationship Direction	Negative
Relationship Strength	Weak

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Cash

Cash refers to the most liquid asset of Hardwyn India Limited, which is listed under current asset account on Hardwyn India Limited balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Hardwyn India customers. The amounts must be unrestricted with restricted cash listed in a different Hardwyn India account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.

Non Currrent Assets Other

Assets that are not physical or tangible, expected to provide value for more than one year, and not easily converted into cash, such as long-term investments or patents.

Most indicators from Hardwyn India's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Hardwyn 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Hardwyn 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 housing.

As of the 27th of December 2024, Selling General Administrative is likely to grow to about 43.8 M, while Tax Provision is likely to drop about 22.3 M.

	2021	2022	2023	2024 (projected)
Interest Expense	4.7M	8.6M	11.7M	12.3M
Depreciation And Amortization	1.2M	2.9M	12.1M	12.7M

Interest Expense Depreciation And Amortization

Hardwyn India fundamental ratios Correlations

	Total Assets	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	Other Assets	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Total Liab	Total Current Assets	Common Stock	Short Long Term Debt Total	Current Deferred Revenue	Short Term Debt	Net Tangible Assets	Non Currrent Assets Other	Deferred Long Term Liab
Total Assets		0.84	0.88	1.0	0.88	0.68	0.97	0.76	0.77	1.0	-0.12	0.95	0.72	0.72	0.28	0.98	0.73	0.89	0.93	0.98	0.57	0.82	0.21	0.9	-0.79	-0.73
Other Current Liab	0.84		0.82	0.82	1.0	0.61	0.83	0.61	0.94	0.82	-0.09	0.83	0.61	0.85	0.38	0.89	0.56	0.82	0.85	0.91	0.64	0.69	0.34	0.68	-0.61	-0.59
Total Current Liabilities	0.88	0.82		0.85	0.85	0.88	0.97	0.92	0.79	0.84	0.29	0.88	0.92	0.67	0.25	0.95	0.83	1.0	0.99	0.9	0.72	0.93	0.26	0.83	-0.95	-0.93
Total Stockholder Equity	1.0	0.82	0.85		0.86	0.63	0.95	0.72	0.75	1.0	-0.18	0.94	0.67	0.71	0.28	0.97	0.7	0.85	0.91	0.98	0.54	0.79	0.19	0.89	-0.75	-0.69
Property Plant And Equipment Net	0.88	1.0	0.85	0.86		0.65	0.88	0.66	0.92	0.86	-0.09	0.85	0.66	0.84	0.38	0.93	0.62	0.86	0.89	0.94	0.65	0.73	0.33	0.73	-0.67	-0.63
Net Debt	0.68	0.61	0.88	0.63	0.65		0.79	0.91	0.59	0.62	0.44	0.66	0.99	0.61	0.46	0.76	0.8	0.88	0.85	0.7	0.75	0.81	0.32	0.76	-0.89	-0.9
Retained Earnings	0.97	0.83	0.97	0.95	0.88	0.79		0.87	0.76	0.95	0.06	0.91	0.84	0.7	0.25	0.99	0.83	0.97	0.99	0.96	0.66	0.9	0.25	0.9	-0.9	-0.84
Accounts Payable	0.76	0.61	0.92	0.72	0.66	0.91	0.87		0.61	0.72	0.43	0.76	0.96	0.63	0.09	0.83	0.89	0.92	0.89	0.74	0.75	0.89	0.28	0.87	-0.98	-0.97
Cash	0.77	0.94	0.79	0.75	0.92	0.59	0.76	0.61		0.74	0.12	0.86	0.59	0.79	0.29	0.84	0.44	0.79	0.81	0.84	0.64	0.68	0.32	0.61	-0.61	-0.65
Non Current Assets Total	1.0	0.82	0.84	1.0	0.86	0.62	0.95	0.72	0.74		-0.19	0.94	0.67	0.7	0.27	0.96	0.7	0.85	0.9	0.97	0.54	0.79	0.2	0.89	-0.74	-0.68
Other Assets	-0.12	-0.09	0.29	-0.18	-0.09	0.44	0.06	0.43	0.12	-0.19		0.06	0.46	-0.14	-0.17	0.02	0.21	0.29	0.18	-0.1	0.25	0.34	-0.03	-0.02	-0.46	-0.56
Cash And Short Term Investments	0.95	0.83	0.88	0.94	0.85	0.66	0.91	0.76	0.86	0.94	0.06		0.7	0.7	0.21	0.95	0.63	0.88	0.91	0.94	0.6	0.82	0.21	0.84	-0.79	-0.79
Net Receivables	0.72	0.61	0.92	0.67	0.66	0.99	0.84	0.96	0.59	0.67	0.46	0.7		0.59	0.33	0.79	0.85	0.92	0.89	0.72	0.75	0.86	0.3	0.8	-0.95	-0.94
Common Stock Shares Outstanding	0.72	0.85	0.67	0.71	0.84	0.61	0.7	0.63	0.79	0.7	-0.14	0.7	0.59		0.33	0.75	0.56	0.67	0.71	0.77	0.73	0.57	0.45	0.78	-0.52	-0.53
Non Current Liabilities Total	0.28	0.38	0.25	0.28	0.38	0.46	0.25	0.09	0.29	0.27	-0.17	0.21	0.33	0.33		0.28	0.07	0.27	0.3	0.37	0.24	0.12	0.22	0.19	-0.1	-0.09
Inventory	0.98	0.89	0.95	0.97	0.93	0.76	0.99	0.83	0.84	0.96	0.02	0.95	0.79	0.75	0.28		0.77	0.95	0.98	0.98	0.66	0.87	0.25	0.88	-0.85	-0.81
Other Current Assets	0.73	0.56	0.83	0.7	0.62	0.8	0.83	0.89	0.44	0.7	0.21	0.63	0.85	0.56	0.07	0.77		0.83	0.83	0.72	0.49	0.91	-0.02	0.83	-0.87	-0.82
Total Liab	0.89	0.82	1.0	0.85	0.86	0.88	0.97	0.92	0.79	0.85	0.29	0.88	0.92	0.67	0.27	0.95	0.83		0.99	0.9	0.72	0.92	0.27	0.83	-0.95	-0.92
Total Current Assets	0.93	0.85	0.99	0.91	0.89	0.85	0.99	0.89	0.81	0.9	0.18	0.91	0.89	0.71	0.3	0.98	0.83	0.99		0.94	0.69	0.92	0.24	0.86	-0.92	-0.89
Common Stock	0.98	0.91	0.9	0.98	0.94	0.7	0.96	0.74	0.84	0.97	-0.1	0.94	0.72	0.77	0.37	0.98	0.72	0.9	0.94		0.57	0.83	0.19	0.86	-0.76	-0.72
Short Long Term Debt Total	0.57	0.64	0.72	0.54	0.65	0.75	0.66	0.75	0.64	0.54	0.25	0.6	0.75	0.73	0.24	0.66	0.49	0.72	0.69	0.57		0.47	0.82	0.69	-0.69	-0.7
Current Deferred Revenue	0.82	0.69	0.93	0.79	0.73	0.81	0.9	0.89	0.68	0.79	0.34	0.82	0.86	0.57	0.12	0.87	0.91	0.92	0.92	0.83	0.47		-0.09	0.79	-0.92	-0.91
Short Term Debt	0.21	0.34	0.26	0.19	0.33	0.32	0.25	0.28	0.32	0.2	-0.03	0.21	0.3	0.45	0.22	0.25	-0.02	0.27	0.24	0.19	0.82	-0.09		0.3	-0.21	-0.2
Net Tangible Assets	0.9	0.68	0.83	0.89	0.73	0.76	0.9	0.87	0.61	0.89	-0.02	0.84	0.8	0.78	0.19	0.88	0.83	0.83	0.86	0.86	0.69	0.79	0.3		-0.82	-0.79
Non Currrent Assets Other	-0.79	-0.61	-0.95	-0.75	-0.67	-0.89	-0.9	-0.98	-0.61	-0.74	-0.46	-0.79	-0.95	-0.52	-0.1	-0.85	-0.87	-0.95	-0.92	-0.76	-0.69	-0.92	-0.21	-0.82		0.98
Deferred Long Term Liab	-0.73	-0.59	-0.93	-0.69	-0.63	-0.9	-0.84	-0.97	-0.65	-0.68	-0.56	-0.79	-0.94	-0.53	-0.09	-0.81	-0.82	-0.92	-0.89	-0.72	-0.7	-0.91	-0.2	-0.79	0.98

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Hardwyn India Account Relationship Matchups

Hardwyn India fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	129.6M	389.8M	570.4M	4.2B	4.5B	4.7B
Other Current Liab	1.0	3.0M	4.8M	4.0M	53.1M	55.7M
Total Current Liabilities	25.5M	270.4M	416.9M	409.4M	572.3M	600.9M
Total Stockholder Equity	104.0M	119.4M	153.5M	3.7B	3.8B	4.0B
Property Plant And Equipment Net	506.5K	1.8M	7.6M	9.5M	51.4M	54.0M
Net Debt	254.2K	39.9M	65.0M	43.8M	75.0M	41.1M
Retained Earnings	2.0M	17.4M	51.5M	90.8M	104.4M	109.7M
Accounts Payable	24.7M	212.1M	324.0M	312.0M	389.7M	203.3M
Cash	11.8K	9.4M	980.3K	1.9M	17.4M	18.3M
Non Current Assets Total	987.9K	2.1M	7.8M	3.5B	3.5B	3.7B
Other Assets	1.0	335.3K	234.8K	(1K)	(1.2K)	(1.1K)
Cash And Short Term Investments	11.8K	9.4M	980.3K	14.8M	17.4M	18.3M
Net Receivables	91.9M	212.3M	304.4M	250.5M	314.3M	225.1M
Liabilities And Stockholders Equity	129.6M	389.8M	570.4M	4.2B	4.5B	4.7B
Inventory	1.8M	99.8M	140.5M	349.5M	490.6M	515.1M
Other Current Assets	69.7M	20.4M	116.6M	110.0M	120.4M	69.2M
Total Liab	25.5M	270.4M	416.9M	409.5M	580.0M	609.0M
Total Current Assets	128.6M	387.7M	562.5M	711.8M	942.7M	989.8M
Short Long Term Debt Total	266.0K	49.3M	66.0M	45.7M	92.4M	53.7M
Current Deferred Revenue	568.8K	9.1M	19.2M	38.4M	44.2M	46.4M
Short Term Debt	266.0K	46.3M	66.0M	45.6M	85.6M	55.6M

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Other Information on Investing in Hardwyn Stock

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

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Hardwyn Cash vs Non Currrent Assets Other Analysis

Cash vs Non Currrent Assets Other

Cash vs Non Currrent Assets Other Correlation Analysis

Correlation Coefficient

Cash

Non Currrent Assets Other

Hardwyn India fundamental ratios Correlations

Hardwyn India Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Hardwyn India fundamental ratios Accounts

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Other Information on Investing in Hardwyn Stock

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Total Stockholder Equity	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Total Assets
Property Plant And Equipment Net	+ 1.0	Other Current Liab
Total Liab	+ 1.0	Total Current Liabilities
Non Current Assets Total	+ 1.0	Total Stockholder Equity
Total Current Assets	+ 0.99	Total Current Liabilities

Non Currrent Assets Other	- 0.98	Accounts Payable
Deferred Long Term Liab	- 0.97	Accounts Payable
Non Currrent Assets Other	- 0.95	Total Liab
Non Currrent Assets Other	- 0.95	Net Receivables
Non Currrent Assets Other	- 0.95	Total Current Liabilities
Deferred Long Term Liab	- 0.94	Net Receivables