| HINDCON Stock | | | 45.19 0.76 1.71% |
Hindcon Chemicals financial indicator trend analysis is much more than just examining Hindcon Chemicals latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Hindcon Chemicals is a good investment. Please check the relationship between Hindcon Chemicals Total Current Liabilities and its Inventory accounts. Check out
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Hindcon Chemicals 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 main economic indicators.
Total Current Liabilities vs Inventory
Total Current Liabilities vs Inventory Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Hindcon Chemicals Total Current Liabilities account and
Inventory. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Hindcon Chemicals' Total Current Liabilities and Inventory is -0.16. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Inventory in the same time period over historical financial statements of Hindcon Chemicals Limited, assuming nothing else is changed. The correlation between historical values of Hindcon Chemicals' Total Current Liabilities and Inventory is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Current Liabilities of Hindcon Chemicals Limited are associated (or correlated) with its Inventory. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Inventory has no effect on the direction of Total Current Liabilities i.e., Hindcon Chemicals' Total Current Liabilities and Inventory go up and down completely randomly.
Correlation Coefficient | -0.16 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Total Current Liabilities
Total Current Liabilities is an item on Hindcon Chemicals balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Hindcon Chemicals Limited are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.
Inventory
Most indicators from Hindcon Chemicals' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Hindcon Chemicals 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 Hindcon Chemicals 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 main economic indicators.
As of the 28th of December 2024,
Selling General Administrative is likely to grow to about 52.5
M, while
Tax Provision is likely to drop about 16.7
M.
Hindcon Chemicals fundamental ratios Correlations
Click cells to compare fundamentals
Hindcon Chemicals Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Hindcon Chemicals fundamental ratios Accounts
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Other Information on Investing in Hindcon Stock
Balance Sheet is a snapshot of the
financial position of Hindcon Chemicals at a specified time, usually calculated after every quarter, six months, or one year. Hindcon Chemicals Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Hindcon Chemicals 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 Hindcon currently owns. An asset can also be divided into two categories, current and non-current.