Nippon Cash And Short Term Investments vs Common Stock Shares Outstanding Analysis

NAM-INDIA

789.70 16.20 2.01%

Nippon Life financial indicator trend analysis is infinitely more than just investigating Nippon Life India recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Nippon Life India is a good investment. Please check the relationship between Nippon Life Cash And Short Term Investments and its Common Stock Shares Outstanding accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nippon Life India. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

Cash And Short Term Investments vs Common Stock Shares Outstanding

Cash And Short Term Investments vs Common Stock Shares Outstanding Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Nippon Life India Cash And Short Term Investments account and Common Stock Shares Outstanding. At this time, the significance of the direction appears to have no relationship.

The correlation between Nippon Life's Cash And Short Term Investments and Common Stock Shares Outstanding is 0.06. Overlapping area represents the amount of variation of Cash And Short Term Investments that can explain the historical movement of Common Stock Shares Outstanding in the same time period over historical financial statements of Nippon Life India, assuming nothing else is changed. The correlation between historical values of Nippon Life's Cash And Short Term Investments and Common Stock Shares Outstanding is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash And Short Term Investments of Nippon Life India are associated (or correlated) with its Common Stock Shares Outstanding. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock Shares Outstanding has no effect on the direction of Cash And Short Term Investments i.e., Nippon Life's Cash And Short Term Investments and Common Stock Shares Outstanding go up and down completely randomly.

Correlation Coefficient

0.06

Relationship Direction	Positive
Relationship Strength	Insignificant

View All Relationships

Cash And Short Term Investments

Short Term Investments is an account in the current assets section of Nippon Life India balance sheet. This account contains Nippon Life investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Nippon Life India fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.

Common Stock Shares Outstanding

The total number of shares of a company's common stock that are currently owned by all its shareholders.

Most indicators from Nippon Life's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Nippon Life India 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 Nippon Life India. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

At present, Nippon Life's Issuance Of Capital Stock is projected to increase significantly based on the last few years of reporting.

	2021	2022	2023	2024 (projected)
Gross Profit	10.2B	10.0B	16.7B	10.6B
Total Revenue	13.1B	13.5B	20.4B	13.4B

Gross Profit Total Revenue

Nippon Life fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Short Term Investments	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Intangible Assets	Common Stock	Other Assets	Other Liab
Total Assets		0.44	0.15	0.6	1.0	0.2	0.25	0.97	-0.22	-0.07	0.7	-0.21	0.3	0.1	0.49	0.48	0.8	-0.56	-0.14	0.22	0.96	0.39	0.87	0.88	0.61	0.92
Short Long Term Debt Total	0.44		0.24	0.52	0.44	-0.08	-0.02	0.37	0.54	0.37	0.21	-0.49	0.13	0.79	-0.13	0.12	0.3	-0.2	0.08	-0.07	0.52	0.3	0.76	0.49	0.19	0.35
Other Current Liab	0.15	0.24		0.66	0.13	-0.1	-0.49	0.04	0.3	0.55	-0.25	-0.47	0.45	-0.16	0.09	0.42	0.02	0.03	-0.1	-0.46	0.33	0.51	0.21	0.22	-0.06	0.08
Total Current Liabilities	0.6	0.52	0.66		0.58	-0.09	-0.34	0.5	0.46	0.51	0.34	-0.71	0.24	0.07	0.23	0.25	0.31	-0.32	0.07	-0.02	0.77	0.35	0.58	0.58	0.4	0.52
Total Stockholder Equity	1.0	0.44	0.13	0.58		0.21	0.27	0.97	-0.24	-0.1	0.71	-0.19	0.29	0.1	0.49	0.48	0.8	-0.56	-0.15	0.23	0.95	0.38	0.87	0.88	0.61	0.92
Property Plant And Equipment Net	0.2	-0.08	-0.1	-0.09	0.21		0.05	0.23	-0.5	-0.07	0.46	0.19	-0.28	-0.14	0.21	-0.15	0.31	0.13	-0.35	0.17	0.13	-0.33	0.08	0.19	0.35	0.26
Net Debt	0.25	-0.02	-0.49	-0.34	0.27	0.05		0.44	-0.54	-0.94	0.35	0.76	-0.14	-0.11	0.34	0.13	0.42	0.0	-0.46	0.3	0.04	-0.13	0.18	-0.07	0.37	0.31
Retained Earnings	0.97	0.37	0.04	0.5	0.97	0.23	0.44		-0.32	-0.27	0.73	-0.04	0.23	0.02	0.51	0.47	0.8	-0.47	-0.23	0.33	0.88	0.32	0.79	0.75	0.66	0.9
Accounts Payable	-0.22	0.54	0.3	0.46	-0.24	-0.5	-0.54	-0.32		0.69	-0.27	-0.72	-0.05	0.55	-0.51	-0.27	-0.42	0.07	0.49	-0.09	-0.02	0.06	0.04	-0.1	-0.25	-0.31
Cash	-0.07	0.37	0.55	0.51	-0.1	-0.07	-0.94	-0.27	0.69		-0.25	-0.87	0.17	0.38	-0.33	-0.08	-0.26	-0.06	0.45	-0.29	0.15	0.23	0.1	0.24	-0.25	-0.15
Non Current Assets Total	0.7	0.21	-0.25	0.34	0.71	0.46	0.35	0.73	-0.27	-0.25		0.0	-0.39	0.0	0.34	-0.21	0.58	-0.33	-0.21	0.39	0.63	-0.38	0.53	0.55	0.67	0.63
Non Currrent Assets Other	-0.21	-0.49	-0.47	-0.71	-0.19	0.19	0.76	-0.04	-0.72	-0.87	0.0		-0.26	-0.38	0.26	-0.02	0.16	0.4	-0.42	0.11	-0.4	-0.28	-0.35	-0.44	0.17	-0.07
Cash And Short Term Investments	0.3	0.13	0.45	0.24	0.29	-0.28	-0.14	0.23	-0.05	0.17	-0.39	-0.26		-0.09	0.06	0.92	0.05	-0.54	-0.17	-0.39	0.32	0.89	0.36	0.38	-0.3	0.22
Net Receivables	0.1	0.79	-0.16	0.07	0.1	-0.14	-0.11	0.02	0.55	0.38	0.0	-0.38	-0.09		-0.32	-0.16	0.12	0.01	0.47	0.11	0.14	0.13	0.42	0.25	-0.02	0.07
Common Stock Shares Outstanding	0.49	-0.13	0.09	0.23	0.49	0.21	0.34	0.51	-0.51	-0.33	0.34	0.26	0.06	-0.32		0.34	0.79	-0.04	-0.25	0.29	0.43	0.2	0.26	0.37	0.71	0.76
Short Term Investments	0.48	0.12	0.42	0.25	0.48	-0.15	0.13	0.47	-0.27	-0.08	-0.21	-0.02	0.92	-0.16	0.34		0.36	-0.41	-0.3	-0.21	0.45	0.9	0.45	0.43	0.0	0.47
Non Current Liabilities Total	0.8	0.3	0.02	0.31	0.8	0.31	0.42	0.8	-0.42	-0.26	0.58	0.16	0.05	0.12	0.79	0.36		-0.12	-0.12	0.35	0.73	0.28	0.65	0.67	0.8	0.93
Inventory	-0.56	-0.2	0.03	-0.32	-0.56	0.13	0.0	-0.47	0.07	-0.06	-0.33	0.4	-0.54	0.01	-0.04	-0.41	-0.12		0.2	0.19	-0.54	-0.3	-0.6	-0.67	0.1	-0.39
Other Current Assets	-0.14	0.08	-0.1	0.07	-0.15	-0.35	-0.46	-0.23	0.49	0.45	-0.21	-0.42	-0.17	0.47	-0.25	-0.3	-0.12	0.2		0.22	-0.03	0.1	-0.13	0.02	-0.13	-0.16
Other Stockholder Equity	0.22	-0.07	-0.46	-0.02	0.23	0.17	0.3	0.33	-0.09	-0.29	0.39	0.11	-0.39	0.11	0.29	-0.21	0.35	0.19	0.22		0.1	-0.22	-0.06	-0.03	0.44	0.34
Total Liab	0.96	0.52	0.33	0.77	0.95	0.13	0.04	0.88	-0.02	0.15	0.63	-0.4	0.32	0.14	0.43	0.45	0.73	-0.54	-0.03	0.1		0.43	0.88	0.91	0.57	0.87
Total Current Assets	0.39	0.3	0.51	0.35	0.38	-0.33	-0.13	0.32	0.06	0.23	-0.38	-0.28	0.89	0.13	0.2	0.9	0.28	-0.3	0.1	-0.22	0.43		0.44	0.44	-0.08	0.37
Intangible Assets	0.87	0.76	0.21	0.58	0.87	0.08	0.18	0.79	0.04	0.1	0.53	-0.35	0.36	0.42	0.26	0.45	0.65	-0.6	-0.13	-0.06	0.88	0.44		0.89	0.39	0.76
Common Stock	0.88	0.49	0.22	0.58	0.88	0.19	-0.07	0.75	-0.1	0.24	0.55	-0.44	0.38	0.25	0.37	0.43	0.67	-0.67	0.02	-0.03	0.91	0.44	0.89		0.36	0.79
Other Assets	0.61	0.19	-0.06	0.4	0.61	0.35	0.37	0.66	-0.25	-0.25	0.67	0.17	-0.3	-0.02	0.71	0.0	0.8	0.1	-0.13	0.44	0.57	-0.08	0.39	0.36		0.77
Other Liab	0.92	0.35	0.08	0.52	0.92	0.26	0.31	0.9	-0.31	-0.15	0.63	-0.07	0.22	0.07	0.76	0.47	0.93	-0.39	-0.16	0.34	0.87	0.37	0.76	0.79	0.77

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Nippon Life Account Relationship Matchups

Nippon Life fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	28.8B	33.9B	38.0B	38.6B	43.8B	29.9B
Short Long Term Debt Total	814.3M	514.7M	471.7M	560M	785.9M	592.1M
Other Current Liab	1.7B	759.1M	825.9M	(109.3M)	1.0B	720.6M
Total Current Liabilities	2.1B	1.9B	1.9B	2.2B	2.2B	1.8B
Total Stockholder Equity	25.9B	31.0B	34.8B	35.2B	39.8B	27.3B
Property Plant And Equipment Net	111.8M	121M	100.6M	140.4M	184M	129.3M
Net Debt	(1.2B)	326.9M	(7.5M)	347.4M	543.6M	570.8M
Retained Earnings	12.0B	15.7B	17.9B	17.9B	20.8B	14.1B
Accounts Payable	676.8M	628.7M	559.5M	662M	495.5M	589.8M
Cash	2.0B	187.8M	479.2M	212.6M	257.2M	244.3M
Non Current Assets Total	6.5B	28.7B	7.3B	34.7B	31.4B	16.3B
Non Currrent Assets Other	1.7B	6.6M	15.8M	1.2B	9.8B	10.3B
Cash And Short Term Investments	20.4B	3.6B	28.6B	2.7B	2.7B	2.6B
Net Receivables	751.2M	536.1M	868.6M	1.0B	1.4B	2.0B
Common Stock Shares Outstanding	620.5M	624.1M	630.5M	627.2M	631.7M	676.5M
Short Term Investments	18.3B	3.4B	28.1B	2.5B	9.7B	8.0B
Liabilities And Stockholders Equity	28.8B	33.9B	38.0B	38.6B	43.8B	29.9B
Non Current Liabilities Total	814.6M	1.0B	1.3B	1.3B	2.7B	2.9B
Inventory	(17.4B)	(24.3B)	(28.2B)	(29.0B)	5.9B	6.2B
Other Current Assets	182M	1.6B	2.1B	2.4B	2.4B	3.0B
Other Stockholder Equity	(19.1B)	6.8B	10.7B	8.4B	12.7B	13.3B
Total Liab	2.9B	2.9B	3.2B	3.5B	3.9B	2.6B
Total Current Assets	22.3B	5.2B	30.7B	3.9B	12.3B	13.6B
Accumulated Other Comprehensive Income	(564.3M)	2.3B	2.6B	2.7B	1.5B	1.6B
Intangible Assets	3.1B	2.9B	2.9B	2.9B	3.1B	2.0B
Common Stock	6.1B	6.2B	6.2B	6.2B	6.3B	4.0B
Other Assets	200K	106.9M	125.5M	26.7B	30.7B	32.2B
Other Liab	530.4M	471.3M	615.8M	971.5M	1.1B	1.2B
Net Tangible Assets	23.3B	23.5B	28.5B	32.3B	37.2B	25.5B
Current Deferred Revenue	(1.2B)	753.8M	817.8M	(307.1M)	(591.9M)	(562.3M)
Property Plant Equipment	132.3M	836.6M	533.8M	492.2M	566.0M	364.1M
Good Will	214.8M	166.2M	124.6M	163.9M	285.2M	204.9M
Net Invested Capital	25.9B	31.0B	34.8B	35.2B	39.8B	33.8B
Net Working Capital	20.3B	3.8B	4.0B	1.7B	3.7B	6.5B
Capital Stock	6.1B	6.2B	6.2B	6.2B	6.3B	6.8B
Non Current Liabilities Other	309.9M	460.1M	458.4M	467.1M	612.2M	499.0M

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Other Information on Investing in Nippon Stock

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

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Nippon Cash And Short Term Investments vs Common Stock Shares Outstanding Analysis

Cash And Short Term Investments vs Common Stock Shares Outstanding

Cash And Short Term Investments vs Common Stock Shares Outstanding Correlation Analysis

Correlation Coefficient

Cash And Short Term Investments

Common Stock Shares Outstanding

Nippon Life fundamental ratios Correlations

Nippon Life Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Nippon Life fundamental ratios Accounts

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Other Information on Investing in Nippon Stock

COMMON DESTINATIONS

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COMPANY

Total Stockholder Equity	+ 1.0	Total Assets
Retained Earnings	+ 0.97	Total Assets
Retained Earnings	+ 0.97	Total Stockholder Equity
Total Liab	+ 0.96	Total Assets
Total Liab	+ 0.95	Total Stockholder Equity
Other Liab	+ 0.93	Non Current Liabilities Total

Cash	- 0.94	Net Debt
Non Currrent Assets Other	- 0.87	Cash
Non Currrent Assets Other	- 0.72	Accounts Payable
Non Currrent Assets Other	- 0.71	Total Current Liabilities
Common Stock	- 0.67	Inventory
Intangible Assets	- 0.6	Inventory