KHAICHEM | | | 70.69 2.97 4.03% |
Khaitan Chemicals financial indicator trend analysis is infinitely more than just investigating Khaitan Chemicals recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Khaitan Chemicals is a good investment. Please check the relationship between Khaitan Chemicals Non Current Liabilities Total and its Total Current Assets accounts. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Khaitan Chemicals Fertilizers. 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.
Non Current Liabilities Total vs Total Current Assets
Non Current Liabilities Total vs Total Current Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Khaitan Chemicals Non Current Liabilities Total account and
Total Current Assets. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Khaitan Chemicals' Non Current Liabilities Total and Total Current Assets is -0.53. Overlapping area represents the amount of variation of Non Current Liabilities Total that can explain the historical movement of Total Current Assets in the same time period over historical financial statements of Khaitan Chemicals Fertilizers, assuming nothing else is changed. The correlation between historical values of Khaitan Chemicals' Non Current Liabilities Total and Total Current Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Non Current Liabilities Total of Khaitan Chemicals Fertilizers are associated (or correlated) with its Total Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Assets has no effect on the direction of Non Current Liabilities Total i.e., Khaitan Chemicals' Non Current Liabilities Total and Total Current Assets go up and down completely randomly.
Correlation Coefficient | -0.53 |
Relationship Direction | Negative |
Relationship Strength | Very Weak |
Non Current Liabilities Total
Total Current Assets
The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.
Most indicators from Khaitan Chemicals' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Khaitan 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
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Khaitan Chemicals Fertilizers. 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 December 22, 2024,
Selling General Administrative is expected to decline to about 16.6
M. The current year's
Tax Provision is expected to grow to about (13
M)
Khaitan Chemicals fundamental ratios Correlations
Click cells to compare fundamentals
Khaitan Chemicals Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Khaitan Chemicals fundamental ratios Accounts
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Other Information on Investing in Khaitan Stock
Balance Sheet is a snapshot of the
financial position of Khaitan Chemicals at a specified time, usually calculated after every quarter, six months, or one year. Khaitan Chemicals Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Khaitan 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 Khaitan currently owns. An asset can also be divided into two categories, current and non-current.