Hardwyn Interest Expense vs Net Income From Continuing Ops Analysis

HARDWYN Stock

15.92 0.85 5.07%

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 Interest Expense and its Net Income From Continuing Ops 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.

Interest Expense vs Net Income From Continuing Ops

Interest Expense vs Net Income From Continuing Ops Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Hardwyn India Limited Interest Expense account and Net Income From Continuing Ops. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Hardwyn India's Interest Expense and Net Income From Continuing Ops is 0.98. Overlapping area represents the amount of variation of Interest Expense that can explain the historical movement of Net Income From Continuing Ops 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 Interest Expense and Net Income From Continuing Ops 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 Expense of Hardwyn India Limited are associated (or correlated) with its Net Income From Continuing Ops. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income From Continuing Ops has no effect on the direction of Interest Expense i.e., Hardwyn India's Interest Expense and Net Income From Continuing Ops go up and down completely randomly.

Correlation Coefficient

0.98

Relationship Direction	Positive
Relationship Strength	Very Strong

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Interest Expense

The cost incurred by an entity for borrowed funds, including loans, bonds, or lines of credit.

Net Income From Continuing Ops

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.

At this time, Hardwyn India's Selling General Administrative is very stable compared to the past year. As of the 13th of January 2025, Tax Provision is likely to grow to about 52.7 M, while Issuance Of Capital Stock is likely to drop about 2.2 M.

	2022	2023	2024	2025 (projected)
Interest Expense	8.6M	11.7M	13.5M	14.2M
Depreciation And Amortization	2.9M	12.1M	13.9M	14.6M

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		0.89	0.92	1.0	0.92	0.84	0.97	0.9	0.85	1.0	-0.16	0.97	0.77	0.76	0.34	0.99	0.87	0.92	0.96	0.99	0.68	0.84	0.4	0.9	-0.81	-0.76
Other Current Liab	0.89		0.88	0.88	1.0	0.83	0.85	0.84	0.96	0.88	-0.13	0.89	0.71	0.85	0.41	0.93	0.78	0.88	0.9	0.94	0.74	0.73	0.52	0.75	-0.67	-0.64
Total Current Liabilities	0.92	0.88		0.9	0.9	0.96	0.97	1.0	0.86	0.89	0.19	0.92	0.91	0.73	0.3	0.97	0.93	1.0	0.99	0.93	0.77	0.93	0.44	0.86	-0.94	-0.91
Total Stockholder Equity	1.0	0.88	0.9		0.91	0.81	0.96	0.88	0.83	1.0	-0.2	0.96	0.75	0.75	0.33	0.98	0.85	0.9	0.94	0.98	0.66	0.82	0.39	0.9	-0.78	-0.73
Property Plant And Equipment Net	0.92	1.0	0.9	0.91		0.85	0.89	0.87	0.95	0.91	-0.13	0.9	0.74	0.85	0.4	0.95	0.82	0.9	0.93	0.96	0.75	0.76	0.51	0.78	-0.71	-0.67
Net Debt	0.84	0.83	0.96	0.81	0.85		0.91	0.95	0.81	0.81	0.26	0.83	0.94	0.68	0.51	0.9	0.88	0.97	0.95	0.87	0.76	0.87	0.44	0.78	-0.9	-0.88
Retained Earnings	0.97	0.85	0.97	0.96	0.89	0.91		0.97	0.81	0.96	0.02	0.93	0.87	0.72	0.28	0.98	0.94	0.97	0.98	0.95	0.72	0.91	0.41	0.91	-0.91	-0.86
Accounts Payable	0.9	0.84	1.0	0.88	0.87	0.95	0.97		0.83	0.87	0.24	0.9	0.92	0.69	0.24	0.95	0.93	1.0	0.98	0.9	0.76	0.94	0.41	0.85	-0.96	-0.93
Cash	0.85	0.96	0.86	0.83	0.95	0.81	0.81	0.83		0.83	0.04	0.91	0.69	0.82	0.34	0.9	0.71	0.86	0.88	0.9	0.74	0.72	0.5	0.7	-0.67	-0.69
Non Current Assets Total	1.0	0.88	0.89	1.0	0.91	0.81	0.96	0.87	0.83		-0.21	0.96	0.74	0.75	0.33	0.97	0.85	0.89	0.93	0.98	0.66	0.81	0.39	0.9	-0.77	-0.72
Other Assets	-0.16	-0.13	0.19	-0.2	-0.13	0.26	0.02	0.24	0.04	-0.21		-0.01	0.33	-0.16	-0.18	-0.04	0.09	0.18	0.09	-0.14	0.13	0.29	-0.07	-0.07	-0.39	-0.49
Cash And Short Term Investments	0.97	0.89	0.92	0.96	0.9	0.83	0.93	0.9	0.91	0.96	-0.01		0.76	0.75	0.28	0.97	0.8	0.92	0.94	0.96	0.7	0.84	0.41	0.86	-0.81	-0.8
Net Receivables	0.77	0.71	0.91	0.75	0.74	0.94	0.87	0.92	0.69	0.74	0.33	0.76		0.73	0.38	0.83	0.85	0.92	0.89	0.78	0.83	0.87	0.5	0.87	-0.94	-0.94
Common Stock Shares Outstanding	0.76	0.85	0.73	0.75	0.85	0.68	0.72	0.69	0.82	0.75	-0.16	0.75	0.73		0.37	0.79	0.65	0.73	0.75	0.8	0.85	0.61	0.66	0.83	-0.59	-0.59
Non Current Liabilities Total	0.34	0.41	0.3	0.33	0.4	0.51	0.28	0.24	0.34	0.33	-0.18	0.28	0.38	0.37		0.34	0.21	0.32	0.35	0.41	0.31	0.17	0.3	0.25	-0.16	-0.14
Inventory	0.99	0.93	0.97	0.98	0.95	0.9	0.98	0.95	0.9	0.97	-0.04	0.97	0.83	0.79	0.34		0.9	0.97	0.99	0.99	0.74	0.87	0.44	0.89	-0.85	-0.81
Other Current Assets	0.87	0.78	0.93	0.85	0.82	0.88	0.94	0.93	0.71	0.85	0.09	0.8	0.85	0.65	0.21	0.9		0.93	0.93	0.87	0.6	0.95	0.21	0.83	-0.89	-0.83
Total Liab	0.92	0.88	1.0	0.9	0.9	0.97	0.97	1.0	0.86	0.89	0.18	0.92	0.92	0.73	0.32	0.97	0.93		0.99	0.93	0.77	0.92	0.44	0.86	-0.94	-0.91
Total Current Assets	0.96	0.9	0.99	0.94	0.93	0.95	0.98	0.98	0.88	0.93	0.09	0.94	0.89	0.75	0.35	0.99	0.93	0.99		0.96	0.76	0.92	0.43	0.88	-0.91	-0.88
Common Stock	0.99	0.94	0.93	0.98	0.96	0.87	0.95	0.9	0.9	0.98	-0.14	0.96	0.78	0.8	0.41	0.99	0.87	0.93	0.96		0.69	0.84	0.4	0.87	-0.78	-0.74
Short Long Term Debt Total	0.68	0.74	0.77	0.66	0.75	0.76	0.72	0.76	0.74	0.66	0.13	0.7	0.83	0.85	0.31	0.74	0.6	0.77	0.76	0.69		0.56	0.88	0.79	-0.73	-0.73
Current Deferred Revenue	0.84	0.73	0.93	0.82	0.76	0.87	0.91	0.94	0.72	0.81	0.29	0.84	0.87	0.61	0.17	0.87	0.95	0.92	0.92	0.84	0.56		0.12	0.82	-0.93	-0.92
Short Term Debt	0.4	0.52	0.44	0.39	0.51	0.44	0.41	0.41	0.5	0.39	-0.07	0.41	0.5	0.66	0.3	0.44	0.21	0.44	0.43	0.4	0.88	0.12		0.5	-0.36	-0.35
Net Tangible Assets	0.9	0.75	0.86	0.9	0.78	0.78	0.91	0.85	0.7	0.9	-0.07	0.86	0.87	0.83	0.25	0.89	0.83	0.86	0.88	0.87	0.79	0.82	0.5		-0.85	-0.82
Non Currrent Assets Other	-0.81	-0.67	-0.94	-0.78	-0.71	-0.9	-0.91	-0.96	-0.67	-0.77	-0.39	-0.81	-0.94	-0.59	-0.16	-0.85	-0.89	-0.94	-0.91	-0.78	-0.73	-0.93	-0.36	-0.85		0.98
Deferred Long Term Liab	-0.76	-0.64	-0.91	-0.73	-0.67	-0.88	-0.86	-0.93	-0.69	-0.72	-0.49	-0.8	-0.94	-0.59	-0.14	-0.81	-0.83	-0.91	-0.88	-0.74	-0.73	-0.92	-0.35	-0.82	0.98

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Hardwyn India Account Relationship Matchups

Hardwyn India fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	389.8M	570.4M	4.2B	4.5B	5.1B	5.4B
Other Current Liab	3.0M	4.8M	4.0M	53.1M	61.1M	64.1M
Total Current Liabilities	270.4M	416.9M	409.4M	572.3M	658.1M	691.0M
Total Stockholder Equity	119.4M	153.5M	3.7B	3.8B	4.4B	4.6B
Property Plant And Equipment Net	1.8M	7.6M	9.5M	51.4M	59.1M	62.1M
Net Debt	39.9M	65.0M	43.8M	75.0M	86.2M	90.5M
Retained Earnings	2.0M	17.4M	51.5M	90.8M	104.4M	109.7M
Accounts Payable	212.1M	324.0M	312.0M	389.7M	448.1M	470.5M
Cash	9.4M	980.3K	1.9M	17.4M	20.0M	21.0M
Non Current Assets Total	2.1M	7.8M	3.5B	3.5B	4.0B	4.2B
Other Assets	1.0	335.3K	234.8K	(1K)	(1.2K)	(1.1K)
Cash And Short Term Investments	9.4M	980.3K	14.8M	17.4M	20.0M	21.0M
Net Receivables	212.3M	304.4M	250.5M	314.3M	361.5M	225.1M
Liabilities And Stockholders Equity	389.8M	570.4M	4.2B	4.5B	5.1B	5.4B
Inventory	99.8M	140.5M	349.5M	490.6M	564.1M	592.3M
Other Current Assets	20.4M	116.6M	110.0M	120.4M	138.4M	145.4M
Total Liab	270.4M	416.9M	409.5M	580.0M	667.0M	700.3M
Total Current Assets	387.7M	562.5M	711.8M	942.7M	1.1B	1.1B
Short Long Term Debt Total	49.3M	66.0M	45.7M	92.4M	106.2M	53.7M
Current Deferred Revenue	568.8K	9.1M	19.2M	38.4M	44.2M	46.4M
Short Term Debt	46.3M	66.0M	45.6M	85.6M	98.4M	55.6M
Net Invested Capital	168.7M	219.5M	3.8B	3.9B	4.5B	4.7B
Property Plant And Equipment Gross	2.5M	9.5M	9.5M	51.4M	59.1M	62.1M
Short Long Term Debt	49.3M	66.0M	45.6M	79.1M	91.0M	52.9M
Net Working Capital	117.3M	145.6M	302.4M	370.4M	425.9M	228.5M

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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 Interest Expense vs Net Income From Continuing Ops Analysis

Interest Expense vs Net Income From Continuing Ops

Interest Expense vs Net Income From Continuing Ops Correlation Analysis

Correlation Coefficient

Interest Expense

Net Income From Continuing Ops

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
Accounts Payable	+ 1.0	Total Current Liabilities
Total Liab	+ 1.0	Total Current Liabilities
Non Current Assets Total	+ 1.0	Total Stockholder Equity

Non Currrent Assets Other	- 0.96	Accounts Payable
Non Currrent Assets Other	- 0.94	Total Liab
Deferred Long Term Liab	- 0.94	Net Receivables
Non Currrent Assets Other	- 0.94	Net Receivables
Non Currrent Assets Other	- 0.94	Total Current Liabilities
Non Currrent Assets Other	- 0.93	Current Deferred Revenue