Muthoot Accounts Payable vs Other Current Assets Analysis

MUTHOOTFIN   2,070  7.10  0.34%   
Muthoot Finance financial indicator trend analysis is infinitely more than just investigating Muthoot Finance recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Muthoot Finance is a good investment. Please check the relationship between Muthoot Finance Accounts Payable and its Other Current Assets accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Muthoot Finance 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 persons.

Accounts Payable vs Other Current Assets

Accounts Payable vs Other Current Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Muthoot Finance Accounts Payable account and Other Current Assets. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Muthoot Finance's Accounts Payable and Other Current Assets is 0.43. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Other Current Assets in the same time period over historical financial statements of Muthoot Finance Limited, assuming nothing else is changed. The correlation between historical values of Muthoot Finance's Accounts Payable and Other 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 Accounts Payable of Muthoot Finance Limited are associated (or correlated) with its Other Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Assets has no effect on the direction of Accounts Payable i.e., Muthoot Finance's Accounts Payable and Other Current Assets go up and down completely randomly.

Correlation Coefficient

0.43
Relationship DirectionPositive 
Relationship StrengthWeak

Accounts Payable

An accounting item on the balance sheet that represents Muthoot Finance obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Muthoot Finance are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.

Other Current Assets

Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.
Most indicators from Muthoot Finance's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Muthoot Finance 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 Muthoot Finance 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 persons.
Selling General Administrative is likely to gain to about 24.7 B in 2024, whereas Tax Provision is likely to drop slightly above 12.3 B in 2024.
 2021 2022 2023 2024 (projected)
Interest Expense42.6B42.1B54.3B57.0B
Depreciation And Amortization24.8B27.4B921.1M875.0M

Muthoot Finance fundamental ratios Correlations

0.78-0.120.650.990.730.060.930.750.690.690.750.710.62-0.53-0.431.00.170.90.410.24-0.5-0.91-0.670.070.17
0.78-0.140.090.760.690.590.550.950.140.140.950.460.78-0.77-0.820.780.240.530.460.71-0.54-0.56-0.71-0.510.11
-0.12-0.14-0.06-0.09-0.14-0.03-0.11-0.19-0.07-0.07-0.190.2-0.05-0.040.02-0.13-0.12-0.080.07-0.020.250.040.220.05-0.13
0.650.09-0.060.660.42-0.70.850.070.990.990.080.43-0.070.080.250.640.110.850.03-0.57-0.27-0.79-0.290.77-0.01
0.990.76-0.090.660.690.020.940.730.710.70.730.730.6-0.55-0.440.980.120.890.340.23-0.53-0.92-0.70.080.17
0.730.69-0.140.420.690.150.630.650.430.430.660.260.65-0.38-0.240.740.280.670.650.23-0.13-0.64-0.320.0-0.06
0.060.59-0.03-0.70.020.15-0.290.56-0.68-0.680.550.030.65-0.54-0.70.070.2-0.280.440.94-0.10.23-0.25-0.930.16
0.930.55-0.110.850.940.63-0.290.530.880.880.540.610.38-0.4-0.210.920.120.960.16-0.09-0.49-0.94-0.570.380.02
0.750.95-0.190.070.730.650.560.530.120.121.00.390.8-0.79-0.760.750.250.50.360.69-0.47-0.5-0.6-0.460.03
0.690.14-0.070.990.710.43-0.680.880.121.00.130.49-0.010.030.20.680.00.870.02-0.51-0.3-0.84-0.330.740.03
0.690.14-0.070.990.70.43-0.680.880.121.00.130.49-0.020.030.20.680.00.870.01-0.52-0.3-0.83-0.320.740.02
0.750.95-0.190.080.730.660.550.541.00.130.130.390.8-0.78-0.750.750.260.50.360.68-0.46-0.51-0.6-0.440.02
0.710.460.20.430.730.260.030.610.390.490.490.390.44-0.23-0.240.7-0.180.520.410.24-0.2-0.68-0.460.040.52
0.620.78-0.05-0.070.60.650.650.380.8-0.01-0.020.80.44-0.63-0.520.630.010.320.60.77-0.15-0.44-0.37-0.470.25
-0.53-0.77-0.040.08-0.55-0.38-0.54-0.4-0.790.030.03-0.78-0.23-0.630.82-0.52-0.17-0.36-0.07-0.650.430.30.450.550.33
-0.43-0.820.020.25-0.44-0.24-0.7-0.21-0.760.20.2-0.75-0.24-0.520.82-0.43-0.18-0.21-0.12-0.770.630.220.690.730.03
1.00.78-0.130.640.980.740.070.920.750.680.680.750.70.63-0.52-0.430.190.90.440.25-0.48-0.9-0.660.070.17
0.170.24-0.120.110.120.280.20.120.250.00.00.26-0.180.01-0.17-0.180.190.140.21-0.02-0.190.03-0.2-0.02-0.28
0.90.53-0.080.850.890.67-0.280.960.50.870.870.50.520.32-0.36-0.210.90.140.23-0.12-0.45-0.91-0.530.37-0.06
0.410.460.070.030.340.650.440.160.360.020.010.360.410.6-0.07-0.120.440.210.230.420.24-0.27-0.11-0.260.34
0.240.71-0.02-0.570.230.230.94-0.090.69-0.51-0.520.680.240.77-0.65-0.770.25-0.02-0.120.42-0.170.02-0.34-0.910.23
-0.5-0.540.25-0.27-0.53-0.13-0.1-0.49-0.47-0.3-0.3-0.46-0.2-0.150.430.63-0.48-0.19-0.450.24-0.170.530.920.1-0.13
-0.91-0.560.04-0.79-0.92-0.640.23-0.94-0.5-0.84-0.83-0.51-0.68-0.440.30.22-0.90.03-0.91-0.270.020.530.67-0.33-0.23
-0.67-0.710.22-0.29-0.7-0.32-0.25-0.57-0.6-0.33-0.32-0.6-0.46-0.370.450.69-0.66-0.2-0.53-0.11-0.340.920.670.21-0.35
0.07-0.510.050.770.080.0-0.930.38-0.460.740.74-0.440.04-0.470.550.730.07-0.020.37-0.26-0.910.1-0.330.21-0.07
0.170.11-0.13-0.010.17-0.060.160.020.030.030.020.020.520.250.330.030.17-0.28-0.060.340.23-0.13-0.23-0.35-0.07
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Muthoot Finance Account Relationship Matchups

Muthoot Finance fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets548.8B686.4B763.2B801.5B964.7B1.0T
Short Long Term Debt Total623.2B785.9B849.2B905.8B678.7B352.6B
Other Current Liab(2.2B)(2.1B)(1.6B)(1.3B)(1.9B)(1.8B)
Total Current Liabilities2.2B2.1B1.6B1.3B677.2B711.1B
Total Stockholder Equity118.3B155.8B187.9B216.7B251.1B263.6B
Property Plant And Equipment Net2.9B3.1B3.5B4.1B5.2B2.7B
Net Debt347.6B422.7B441.3B474.4B(62.7B)(59.6B)
Retained Earnings34.0B64.0B88.0B110.0B195.9B205.7B
Cash59.5B79.1B102.3B80.4B60.4B30.8B
Non Current Assets Total3.3B3.5B3.8B4.4B912.7B958.3B
Non Currrent Assets Other(3.3B)(3.5B)(3.8B)(4.4B)898.7B943.6B
Cash And Short Term Investments58.3B77.8B100.4B77.7B60.4B30.3B
Common Stock Shares Outstanding401.3M401.5M401.5M401.5M401.5M425.9M
Liabilities And Stockholders Equity548.8B686.4B763.2B801.5B964.7B1.0T
Non Current Liabilities Total233.1B319.1B388.7B401.8B237.8B192.4B
Other Current Assets(63.3B)(83.0B)(714.8B)(723.5B)590.3M619.8M
Other Stockholder Equity(67.6B)(49.0B)(73.0B)(94.9B)15.1B15.9B
Total Liab428.8B528.8B571.8B580.0B707.2B742.5B
Total Current Assets58.3B77.8B100.4B77.7B62.7B51.6B
Accumulated Other Comprehensive Income(1.4B)72.7B80.1B87.6B36.1B37.9B
Short Term Debt216.3B284.3B305.8B351.1B678.6B712.5B
Common Stock4.0B4.0B4.0B4.0B4.0B3.4B
Other Assets487.2B605.1B659.0B719.3B(10.7B)(10.2B)
Accounts Payable2.2B2.1B1.6B1.3B1.4B1.3B
Current Deferred Revenue(214.0B)(282.2B)(304.2B)(349.7B)(677.2B)(643.3B)
Net Receivables1.6B1.6B1.7B99.0M1.4B1.3B
Short Term Investments(1.2B)(1.3B)(1.9B)(2.7B)2.9B3.0B
Intangible Assets85.4M86.9M59.2M59.3M62M80.7M
Other Liab3.7B3.7B4.5B6.6B5.9B5.0B
Net Tangible Assets98.9B117.9B155.4B187.5B215.6B226.4B
Long Term Debt406.8B501.4B543.3B554.6B637.8B324.8B
Long Term Investments9.9B12.6B8.6B8.9B11.3B5.8B
Property Plant Equipment2.9B3.1B3.5B4.1B4.7B3.1B
Inventory61.7B81.4B713.1B723.4B831.9B873.5B
Long Term Debt Total407.0B501.6B543.5B554.7B637.9B387.2B
Capital Surpluse15.0B15.0B15.1B15.1B17.4B16.4B
Cash And Equivalents28.4B25.5B62.0B16.9B19.5B21.0B
Net Invested Capital525.3B657.1B731.1B771.2B929.7B683.6B

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