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 Depreciation And Amortization and its Interest Expense 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.
Depreciation And Amortization vs Interest Expense
Depreciation And Amortization vs Interest Expense Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Muthoot Finance Depreciation And Amortization account and
Interest Expense. At this time, the significance of the direction appears to have very week relationship.
The correlation between Muthoot Finance's Depreciation And Amortization and Interest Expense is 0.23. Overlapping area represents the amount of variation of Depreciation And Amortization that can explain the historical movement of Interest Expense 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 Depreciation And Amortization and Interest Expense is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Depreciation And Amortization of Muthoot Finance Limited are associated (or correlated) with its Interest Expense. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Interest Expense has no effect on the direction of Depreciation And Amortization i.e., Muthoot Finance's Depreciation And Amortization and Interest Expense go up and down completely randomly.
Correlation Coefficient | 0.23 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Depreciation And Amortization
The systematic reduction in the recorded value of an intangible asset. This includes the allocation of the cost of tangible assets to periods in which the assets are used, representing the expense related to the wear and tear, deterioration, or obsolescence of physical assets and intangible assets over their useful lives.
Interest Expense
The cost incurred by an entity for borrowed funds, including loans, bonds, or lines of credit.
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 Expense | 42.6B | 42.1B | 54.3B | 57.0B | Depreciation And Amortization | 24.8B | 27.4B | 921.1M | 875.0M |
Muthoot Finance fundamental ratios Correlations
Click cells to compare fundamentals
Muthoot Finance Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Muthoot Finance fundamental ratios Accounts
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