NIIT Change To Inventory vs Other Non Cash Items Analysis

NIITLTD Stock

111.50 4.49 3.87%

NIIT financial indicator trend analysis is infinitely more than just investigating NIIT Limited recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether NIIT Limited is a good investment. Please check the relationship between NIIT Change To Inventory and its Other Non Cash Items accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NIIT 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 bureau of economic analysis.

Change To Inventory vs Other Non Cash Items

Change To Inventory vs Other Non Cash Items Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of NIIT Limited Change To Inventory account and Other Non Cash Items. At this time, the significance of the direction appears to have no relationship.

The correlation between NIIT's Change To Inventory and Other Non Cash Items is 0.0. Overlapping area represents the amount of variation of Change To Inventory that can explain the historical movement of Other Non Cash Items in the same time period over historical financial statements of NIIT Limited, assuming nothing else is changed. The correlation between historical values of NIIT's Change To Inventory and Other Non Cash Items is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Change To Inventory of NIIT Limited are associated (or correlated) with its Other Non Cash Items. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Non Cash Items has no effect on the direction of Change To Inventory i.e., NIIT's Change To Inventory and Other Non Cash Items go up and down completely randomly.

Correlation Coefficient

0.0

Relationship Direction	Flat
Relationship Strength	Insignificant

View All Relationships

Change To Inventory

The increase or decrease in the amount of inventory a company has over a certain period.

Other Non Cash Items

Most indicators from NIIT's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into NIIT 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 NIIT 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 bureau of economic analysis.

The current year's Selling General Administrative is expected to grow to about 822.5 M, whereas Tax Provision is forecasted to decline to about 65.5 M.

	2022	2023	2024	2025 (projected)
Interest Expense	11.6M	9.8M	8.8M	8.3M
Depreciation And Amortization	164.5M	183.5M	165.2M	156.9M

Interest Expense Depreciation And Amortization

NIIT 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	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Good Will	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	Short Term Debt	Current Deferred Revenue
Total Assets		0.12	0.68	0.66	0.9	0.63	-0.39	0.04	0.68	0.1	0.76	0.71	0.41	0.39	0.49	0.62	-0.04	-0.53	0.35	-0.07	0.47	0.88	0.4	0.21	0.31	0.77
Short Long Term Debt Total	0.12		0.28	0.57	-0.19	-0.23	0.69	0.69	0.08	0.61	-0.29	-0.52	0.57	-0.65	0.44	-0.58	0.93	0.28	0.5	0.72	0.77	-0.18	0.06	0.53	0.67	-0.16
Other Current Liab	0.68	0.28		0.79	0.49	0.6	-0.26	0.09	0.65	-0.03	0.57	0.32	0.67	0.13	0.28	0.28	0.25	0.03	0.61	-0.17	0.69	0.64	0.75	0.12	0.64	0.57
Total Current Liabilities	0.66	0.57	0.79		0.36	0.22	-0.14	0.6	0.8	0.42	0.33	0.05	0.89	-0.16	0.43	-0.07	0.53	0.09	0.54	0.22	0.95	0.42	0.52	0.36	0.62	0.57
Total Stockholder Equity	0.9	-0.19	0.49	0.36		0.68	-0.51	-0.25	0.52	-0.19	0.86	0.9	0.1	0.59	0.28	0.84	-0.38	-0.69	0.13	-0.27	0.12	0.93	0.28	-0.08	0.07	0.78
Property Plant And Equipment Net	0.63	-0.23	0.6	0.22	0.68		-0.29	-0.43	0.17	-0.32	0.63	0.68	0.1	0.55	0.31	0.72	-0.3	-0.38	0.29	-0.59	0.04	0.74	0.52	0.03	0.36	0.38
Net Debt	-0.39	0.69	-0.26	-0.14	-0.51	-0.29		0.26	-0.66	0.38	-0.6	-0.63	-0.02	-0.68	0.23	-0.58	0.64	0.26	0.12	0.51	0.13	-0.54	-0.26	0.4	0.41	-0.71
Accounts Payable	0.04	0.69	0.09	0.6	-0.25	-0.43	0.26		0.35	0.69	-0.31	-0.55	0.76	-0.66	0.39	-0.67	0.72	0.52	0.11	0.64	0.72	-0.29	-0.01	0.52	0.24	0.01
Cash	0.68	0.08	0.65	0.8	0.52	0.17	-0.66	0.35		0.13	0.53	0.34	0.63	0.26	0.15	0.21	0.08	-0.08	0.33	0.02	0.63	0.57	0.42	0.02	0.14	0.81
Non Current Assets Total	0.1	0.61	-0.03	0.42	-0.19	-0.32	0.38	0.69	0.13		-0.36	-0.44	0.4	-0.43	0.63	-0.51	0.58	0.1	-0.05	0.52	0.52	-0.38	-0.34	0.74	0.25	-0.21
Non Currrent Assets Other	0.76	-0.29	0.57	0.33	0.86	0.63	-0.6	-0.31	0.53	-0.36		0.89	0.12	0.52	-0.02	0.85	-0.49	-0.54	0.08	-0.47	0.08	0.88	0.47	-0.35	0.11	0.86
Cash And Short Term Investments	0.71	-0.52	0.32	0.05	0.9	0.68	-0.63	-0.55	0.34	-0.44	0.89		-0.18	0.73	-0.03	0.99	-0.7	-0.72	-0.07	-0.56	-0.23	0.87	0.27	-0.36	-0.11	0.73
Net Receivables	0.41	0.57	0.67	0.89	0.1	0.1	-0.02	0.76	0.63	0.4	0.12	-0.18		-0.44	0.4	-0.28	0.6	0.48	0.4	0.23	0.89	0.19	0.58	0.42	0.54	0.38
Good Will	0.39	-0.65	0.13	-0.16	0.59	0.55	-0.68	-0.66	0.26	-0.43	0.52	0.73	-0.44		-0.06	0.73	-0.66	-0.64	0.01	-0.51	-0.37	0.57	-0.05	-0.33	-0.31	0.37
Common Stock Shares Outstanding	0.49	0.44	0.28	0.43	0.28	0.31	0.23	0.39	0.15	0.63	-0.02	-0.03	0.4	-0.06		-0.07	0.44	-0.11	0.27	0.36	0.47	0.15	-0.06	0.91	0.25	-0.08
Short Term Investments	0.62	-0.58	0.28	-0.07	0.84	0.72	-0.58	-0.67	0.21	-0.51	0.85	0.99	-0.28	0.73	-0.07		-0.75	-0.72	-0.1	-0.63	-0.33	0.82	0.27	-0.39	-0.11	0.63
Non Current Liabilities Total	-0.04	0.93	0.25	0.53	-0.38	-0.3	0.64	0.72	0.08	0.58	-0.49	-0.7	0.6	-0.66	0.44	-0.75		0.5	0.54	0.73	0.77	-0.32	0.05	0.62	0.56	-0.31
Inventory	-0.53	0.28	0.03	0.09	-0.69	-0.38	0.26	0.52	-0.08	0.1	-0.54	-0.72	0.48	-0.64	-0.11	-0.72	0.5		0.03	0.22	0.26	-0.54	0.2	0.15	0.08	-0.37
Other Current Assets	0.35	0.5	0.61	0.54	0.13	0.29	0.12	0.11	0.33	-0.05	0.08	-0.07	0.4	0.01	0.27	-0.1	0.54	0.03		0.28	0.61	0.35	0.51	0.26	0.55	0.14
Other Stockholder Equity	-0.07	0.72	-0.17	0.22	-0.27	-0.59	0.51	0.64	0.02	0.52	-0.47	-0.56	0.23	-0.51	0.36	-0.63	0.73	0.22	0.28		0.43	-0.31	-0.39	0.51	0.0	-0.27
Total Liab	0.47	0.77	0.69	0.95	0.12	0.04	0.13	0.72	0.63	0.52	0.08	-0.23	0.89	-0.37	0.47	-0.33	0.77	0.26	0.61	0.43		0.19	0.41	0.48	0.68	0.32
Total Current Assets	0.88	-0.18	0.64	0.42	0.93	0.74	-0.54	-0.29	0.57	-0.38	0.88	0.87	0.19	0.57	0.15	0.82	-0.32	-0.54	0.35	-0.31	0.19		0.53	-0.16	0.17	0.82
Intangible Assets	0.4	0.06	0.75	0.52	0.28	0.52	-0.26	-0.01	0.42	-0.34	0.47	0.27	0.58	-0.05	-0.06	0.27	0.05	0.2	0.51	-0.39	0.41	0.53		-0.12	0.52	0.52
Common Stock	0.21	0.53	0.12	0.36	-0.08	0.03	0.4	0.52	0.02	0.74	-0.35	-0.36	0.42	-0.33	0.91	-0.39	0.62	0.15	0.26	0.51	0.48	-0.16	-0.12		0.22	-0.32
Short Term Debt	0.31	0.67	0.64	0.62	0.07	0.36	0.41	0.24	0.14	0.25	0.11	-0.11	0.54	-0.31	0.25	-0.11	0.56	0.08	0.55	0.0	0.68	0.17	0.52	0.22		0.09
Current Deferred Revenue	0.77	-0.16	0.57	0.57	0.78	0.38	-0.71	0.01	0.81	-0.21	0.86	0.73	0.38	0.37	-0.08	0.63	-0.31	-0.37	0.14	-0.27	0.32	0.82	0.52	-0.32	0.09

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NIIT Account Relationship Matchups

NIIT fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	21.5B	21.1B	11.4B	11.6B	13.4B	14.1B
Short Long Term Debt Total	579.7M	252.3M	128.8M	82.8M	74.5M	70.8M
Other Current Liab	2.5B	2.8B	895.0M	507.8M	584.0M	554.8M
Total Current Liabilities	4.8B	5.6B	1.3B	1.1B	1.3B	1.2B
Total Stockholder Equity	16.4B	15.2B	10.0B	10.3B	11.9B	8.5B
Property Plant And Equipment Net	1.7B	1.6B	1.5B	1.5B	1.7B	1.5B
Net Debt	(1.2B)	(2.8B)	(359.1M)	(305.7M)	(275.1M)	(261.4M)
Accounts Payable	911.2M	1.3B	369.6M	409.1M	368.2M	349.8M
Cash	1.7B	3.1B	487.9M	388.5M	446.8M	424.4M
Non Current Assets Total	3.8B	4.7B	3.3B	3.5B	4.0B	6.1B
Non Currrent Assets Other	12.6B	11.7B	7.7B	1.5B	1.7B	3.2B
Cash And Short Term Investments	13.9B	12.4B	7.7B	7.2B	8.2B	8.7B
Net Receivables	3.7B	3.8B	570.8M	812.3M	934.1M	887.4M
Good Will	364.5M	354.5M	1.2B	835.2M	751.7M	680.2M
Common Stock Shares Outstanding	143.6M	137.6M	137.6M	136.5M	157.0M	160.7M
Short Term Investments	12.1B	9.4B	7.2B	6.8B	7.8B	8.2B
Liabilities And Stockholders Equity	21.5B	21.1B	11.4B	11.6B	13.4B	14.1B
Non Current Liabilities Total	294.3M	311.5M	96.9M	110.3M	99.3M	94.3M
Inventory	610K	20.6M	7.0M	10.6M	9.5M	9.0M
Other Current Assets	1.6B	3.9B	205.8M	115.5M	132.8M	126.2M
Other Stockholder Equity	171.6M	252.5M	249.0M	277.3M	318.9M	302.9M
Total Liab	5.1B	5.9B	1.4B	1.2B	1.1B	1.1B
Total Current Assets	17.7B	16.4B	8.1B	8.1B	9.3B	8.1B
Accumulated Other Comprehensive Income	5.8B	6.0B	5.6B	5.7B	6.5B	6.9B
Intangible Assets	1.1B	963.5M	293.2M	450.8M	405.7M	576.7M
Common Stock	284.7M	267.7M	269.1M	270.1M	310.7M	326.2M
Short Term Debt	300.1M	139.9M	33.3M	19.4M	17.4M	16.6M
Current Deferred Revenue	3.5B	4.0B	438.3M	196.5M	226.0M	214.7M
Retained Earnings	10.2B	8.7B	3.8B	4.1B	4.7B	4.2B
Other Liab	6.1M	14.6M	199.2M	1.3M	1.2M	1.1M
Net Tangible Assets	13.7B	15.0B	13.0B	8.8B	10.2B	9.9B
Other Assets	1.2B	819.4M	30K	177.9M	160.1M	152.1M
Short Long Term Debt	539.8M	601.4M	202.5M	85.2M	5.3M	0.0
Property Plant Equipment	2.3B	1.7B	1.6B	1.5B	1.7B	1.7B
Long Term Debt Total	852.0M	279.7M	112.4M	95.6M	86.0M	81.7M
Capital Surpluse	104.4M	171.6M	252.5M	249.0M	224.1M	338.0M
Cash And Equivalents	99M	38M	59.8M	100K	115K	109.3K
Capital Lease Obligations	300.0M	161.7M	123.5M	82.8M	74.5M	70.8M

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Other Information on Investing in NIIT Stock

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

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NIIT Change To Inventory vs Other Non Cash Items Analysis

Change To Inventory vs Other Non Cash Items

Change To Inventory vs Other Non Cash Items Correlation Analysis

Correlation Coefficient

Change To Inventory

Other Non Cash Items

NIIT fundamental ratios Correlations

NIIT Account Relationship Matchups

High Positive Relationship

High Negative Relationship

NIIT fundamental ratios Accounts

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Other Information on Investing in NIIT Stock

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Short Term Investments	+ 0.99	Cash And Short Term Investments
Total Liab	+ 0.95	Total Current Liabilities
Non Current Liabilities Total	+ 0.93	Short Long Term Debt Total
Total Current Assets	+ 0.93	Total Stockholder Equity
Common Stock	+ 0.91	Common Stock Shares Outstanding
Total Stockholder Equity	+ 0.9	Total Assets

Non Current Liabilities Total	- 0.75	Short Term Investments
Inventory	- 0.72	Short Term Investments
Inventory	- 0.72	Cash And Short Term Investments
Current Deferred Revenue	- 0.71	Net Debt
Non Current Liabilities Total	- 0.7	Cash And Short Term Investments
Inventory	- 0.69	Total Stockholder Equity