Modi Property Plant And Equipment Net vs Intangible Assets Analysis

MODIRUBBER   128.99  2.93  2.32%   
Modi Rubber financial indicator trend analysis is infinitely more than just investigating Modi Rubber Limited recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Modi Rubber Limited is a good investment. Please check the relationship between Modi Rubber Property Plant And Equipment Net and its Intangible Assets accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Modi Rubber 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 metropolitan statistical area.

Property Plant And Equipment Net vs Intangible Assets

Property Plant And Equipment Net vs Intangible Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Modi Rubber Limited Property Plant And Equipment Net account and Intangible Assets. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Modi Rubber's Property Plant And Equipment Net and Intangible Assets is -0.11. Overlapping area represents the amount of variation of Property Plant And Equipment Net that can explain the historical movement of Intangible Assets in the same time period over historical financial statements of Modi Rubber Limited, assuming nothing else is changed. The correlation between historical values of Modi Rubber's Property Plant And Equipment Net and Intangible 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 Property Plant And Equipment Net of Modi Rubber Limited are associated (or correlated) with its Intangible Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Intangible Assets has no effect on the direction of Property Plant And Equipment Net i.e., Modi Rubber's Property Plant And Equipment Net and Intangible Assets go up and down completely randomly.

Correlation Coefficient

-0.11
Relationship DirectionNegative 
Relationship StrengthInsignificant

Property Plant And Equipment Net

The total value of a company's physical assets (such as land, buildings, and equipment) used in operations, net of depreciation. It reflects the company's investment in assets used for production.

Intangible Assets

Non-physical assets possessed by a company, such as patents, trademarks, and copyrights, which provide long-term value.
Most indicators from Modi Rubber's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Modi Rubber 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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Modi Rubber 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 metropolitan statistical area.
The current year's Tax Provision is expected to grow to about 110.8 M, whereas Selling General Administrative is forecasted to decline to about 63.5 M.
 2021 2022 2023 2024 (projected)
Interest Expense2.2M4.8M35.4M19.0M
Depreciation And Amortization26.0M21.2M29.2M36.0M

Modi Rubber fundamental ratios Correlations

0.03-0.39-0.280.930.810.14-0.590.980.190.320.17-0.010.45-0.37-0.37-0.180.050.1-0.280.840.170.470.420.10.78
0.030.830.92-0.330.120.980.140.10.41-0.660.0-0.060.880.220.040.580.98-0.32-0.09-0.15-0.07-0.30.27-0.30.06
-0.390.830.91-0.67-0.350.780.38-0.290.31-0.78-0.190.160.580.340.310.430.83-0.480.23-0.54-0.25-0.6-0.11-0.41-0.36
-0.280.920.91-0.6-0.130.840.42-0.240.38-0.620.120.050.670.390.170.710.93-0.180.08-0.360.09-0.360.1-0.26-0.22
0.93-0.33-0.67-0.60.69-0.21-0.630.890.040.530.150.020.1-0.41-0.38-0.39-0.310.19-0.220.830.140.550.290.220.69
0.810.12-0.35-0.130.690.19-0.340.760.020.250.24-0.470.48-0.51-0.21-0.060.160.23-0.640.80.330.470.74-0.110.97
0.140.980.780.84-0.210.19-0.040.220.4-0.66-0.11-0.070.910.190.030.50.95-0.38-0.12-0.08-0.15-0.280.28-0.320.14
-0.590.140.380.42-0.63-0.34-0.04-0.620.06-0.10.450.01-0.140.110.110.330.190.180.1-0.460.29-0.25-0.01-0.02-0.41
0.980.1-0.29-0.240.890.760.22-0.620.20.140.00.00.51-0.44-0.27-0.240.11-0.11-0.250.76-0.010.30.40.030.76
0.190.410.310.380.040.020.40.060.2-0.180.230.360.410.37-0.140.330.43-0.040.50.320.18-0.110.040.08-0.11
0.32-0.66-0.78-0.620.530.25-0.66-0.10.14-0.180.60.05-0.50.05-0.58-0.13-0.620.83-0.060.490.580.88-0.020.440.16
0.170.0-0.190.120.150.24-0.110.450.00.230.60.02-0.040.29-0.470.510.060.84-0.060.330.850.620.170.430.03
-0.01-0.060.160.050.02-0.47-0.070.010.00.360.050.02-0.040.40.020.030.01-0.080.86-0.110.05-0.16-0.540.11-0.5
0.450.880.580.670.10.480.91-0.140.510.41-0.5-0.04-0.04-0.020.00.360.89-0.32-0.170.24-0.02-0.140.41-0.350.45
-0.370.220.340.39-0.41-0.510.190.11-0.440.370.050.290.4-0.02-0.210.560.230.330.57-0.20.250.15-0.530.15-0.65
-0.370.040.310.17-0.38-0.210.030.11-0.27-0.14-0.58-0.470.020.0-0.21-0.140.1-0.460.09-0.36-0.25-0.71-0.01-0.4-0.1
-0.180.580.430.71-0.39-0.060.50.33-0.240.33-0.130.510.030.360.56-0.140.610.290.1-0.090.490.1-0.050.36-0.25
0.050.980.830.93-0.310.160.950.190.110.43-0.620.060.010.890.230.10.61-0.27-0.04-0.10.04-0.280.26-0.330.08
0.1-0.32-0.48-0.180.190.23-0.380.18-0.11-0.040.830.84-0.08-0.320.33-0.460.29-0.27-0.140.350.830.830.130.350.06
-0.28-0.090.230.08-0.22-0.64-0.120.1-0.250.5-0.06-0.060.86-0.170.570.090.1-0.04-0.14-0.15-0.01-0.27-0.740.15-0.69
0.84-0.15-0.54-0.360.830.8-0.08-0.460.760.320.490.33-0.110.24-0.2-0.36-0.09-0.10.35-0.150.430.60.340.180.71
0.17-0.07-0.250.090.140.33-0.150.29-0.010.180.580.850.05-0.020.25-0.250.490.040.83-0.010.430.590.190.210.13
0.47-0.3-0.6-0.360.550.47-0.28-0.250.3-0.110.880.62-0.16-0.140.15-0.710.1-0.280.83-0.270.60.590.130.380.34
0.420.27-0.110.10.290.740.28-0.010.40.04-0.020.17-0.540.41-0.53-0.01-0.050.260.13-0.740.340.190.13-0.30.75
0.1-0.3-0.41-0.260.22-0.11-0.32-0.020.030.080.440.430.11-0.350.15-0.40.36-0.330.350.150.180.210.38-0.3-0.21
0.780.06-0.36-0.220.690.970.14-0.410.76-0.110.160.03-0.50.45-0.65-0.1-0.250.080.06-0.690.710.130.340.75-0.21
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Modi Rubber Account Relationship Matchups

Modi Rubber fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets4.4B4.6B6.9B7.3B7.4B4.5B
Short Long Term Debt Total49.1M43.4M46.0M211.7M207.6M199.4M
Other Current Liab128.1M67.8M25.8M35.4M47.7M45.3M
Total Current Liabilities281.8M218.7M244.6M394.9M423.0M452.9M
Total Stockholder Equity4.1B4.3B6.2B6.4B6.5B3.6B
Property Plant And Equipment Net294.5M272.5M2.2B2.2B2.3B2.4B
Net Debt(12.5M)32.7M22.9M131.9M140.7M101.6M
Cash61.6M10.7M23.1M79.7M67.1M95.5M
Non Current Assets Total3.6B3.4B6.0B6.2B6.2B3.4B
Non Currrent Assets Other1.2B1.0B863.1M3.6B36.1M34.3M
Cash And Short Term Investments724.7M825.1M820.6M752.5M915.4M680.8M
Net Receivables39.7M64.5M60.6M268.0M262.2M173.7M
Liabilities And Stockholders Equity4.4B4.6B6.9B7.3B7.4B4.5B
Non Current Liabilities Total45.5M41.0M460.1M476.0M458.1M235.2M
Inventory1.0257.5M(20.4M)(35.5M)(141.0M)(133.9M)
Other Current Assets2.8M3.3M154.0M49.5M51.8M98.7M
Total Liab327.2M259.7M704.6M870.9M881.1M688.1M
Total Current Assets767.2M1.2B944.0M1.1B1.2B1.2B
Accumulated Other Comprehensive Income1.5B1.7B3.3B3.3B3.3B3.4B
Retained Earnings1.7B2.0B3.9B4.1B2.4B2.5B
Accounts Payable13.8M13.9M77.8M88.7M86.2M56.7M
Short Term Investments663.1M814.4M797.5M672.8M848.8M778.4M
Short Term Debt5.7M4.5M9.5M124.2M127.8M134.2M
Intangible Assets188K130K73K109K82K77.9K
Other Liab2.1M2.1M423.6M388.5M446.8M469.1M
Net Tangible Assets4.1B4.3B6.2B6.0B6.9B4.8B
Other Assets543.9M233.0M550.8M10K9K8.6K
Long Term Debt20.7M26.2M25M74.7M50.1M32.3M
Short Long Term Debt4.3M3.0M1.2M122.0M119.6M125.6M
Property Plant Equipment294.5M272.5M2.2B2.2B2.6B2.7B
Current Deferred Revenue213.7M200.2M97K16.8M33.4M31.8M
Long Term Debt Total43.4M38.9M36.5M87.5M100.6M105.7M
Non Current Liabilities Other528K431K333K38K23K21.9K
Cash And Equivalents75M0.020M1K900.0855.0
Net Invested Capital4.1B4.4B6.2B6.6B6.7B5.7B
Net Working Capital485.4M954.0M699.5M669.7M806.5M703.2M

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Other Information on Investing in Modi Stock

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