MANGCHEFER | | | 165.84 11.12 7.19% |
Mangalore Chemicals financial indicator trend analysis is infinitely more than just investigating Mangalore Chemicals recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Mangalore Chemicals is a good investment. Please check the relationship between Mangalore Chemicals Net Income and its Net Borrowings accounts. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mangalore 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.
Net Income vs Net Borrowings
Net Income vs Net Borrowings Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Mangalore Chemicals Net Income account and
Net Borrowings. At this time, the significance of the direction appears to have almost no relationship.
The correlation between Mangalore Chemicals' Net Income and Net Borrowings is 0.12. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Net Borrowings in the same time period over historical financial statements of Mangalore Chemicals Fertilizers, assuming nothing else is changed. The correlation between historical values of Mangalore Chemicals' Net Income and Net Borrowings is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Income of Mangalore Chemicals Fertilizers are associated (or correlated) with its Net Borrowings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Borrowings has no effect on the direction of Net Income i.e., Mangalore Chemicals' Net Income and Net Borrowings go up and down completely randomly.
Correlation Coefficient | 0.12 |
Relationship Direction | Positive |
Relationship Strength | Insignificant |
Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Mangalore Chemicals financial statement analysis. It represents the amount of money remaining after all of Mangalore Chemicals Fertilizers operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.
Net Borrowings
The difference between the amount of new debt a company has taken on and the amount of debt it has paid off during a given period.
Most indicators from Mangalore Chemicals' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Mangalore 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 Mangalore 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.
The current year's
Tax Provision is expected to grow to about 901.5
M, whereas
Selling General Administrative is forecasted to decline to about 57.6
M.
Mangalore Chemicals fundamental ratios Correlations
Click cells to compare fundamentals
Mangalore Chemicals Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Mangalore Chemicals fundamental ratios Accounts
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Other Information on Investing in Mangalore Stock
Balance Sheet is a snapshot of the
financial position of Mangalore Chemicals at a specified time, usually calculated after every quarter, six months, or one year. Mangalore Chemicals Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Mangalore 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 Mangalore currently owns. An asset can also be divided into two categories, current and non-current.