NIIT Net Receivables vs Total Assets Analysis

NIITLTD Stock   215.80  0.98  0.46%   
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 Net Receivables and its Total Assets 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.

Net Receivables vs Total Assets

Net Receivables vs Total Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of NIIT Limited Net Receivables account and Total Assets. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between NIIT's Net Receivables and Total Assets is 0.43. Overlapping area represents the amount of variation of Net Receivables that can explain the historical movement of Total Assets 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 Net Receivables and Total 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 Net Receivables of NIIT Limited are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Net Receivables i.e., NIIT's Net Receivables and Total Assets go up and down completely randomly.

Correlation Coefficient

0.43
Relationship DirectionPositive 
Relationship StrengthWeak

Net Receivables

Total Assets

Total assets refers to the total amount of NIIT assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in NIIT Limited books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.
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 57 M.
 2021 2022 2023 2024 (projected)
Interest Expense20.4M11.6M9.8M9.3M
Depreciation And Amortization153.8M164.5M183.5M174.3M

NIIT fundamental ratios Correlations

0.120.690.690.920.65-0.390.030.690.10.750.740.430.430.490.65-0.05-0.550.35-0.070.510.880.410.210.310.78
0.120.230.52-0.14-0.180.710.650.020.59-0.31-0.420.52-0.610.48-0.540.920.230.470.710.74-0.17-0.030.580.64-0.22
0.690.230.780.560.67-0.280.010.64-0.070.590.460.650.220.30.360.2-0.020.59-0.210.670.680.730.130.620.56
0.690.520.780.450.29-0.170.550.80.380.350.210.88-0.070.470.020.480.020.520.180.950.460.470.390.590.56
0.92-0.140.560.450.67-0.51-0.210.58-0.170.890.930.180.580.270.85-0.35-0.680.17-0.240.210.930.34-0.090.120.83
0.65-0.180.670.290.67-0.28-0.40.22-0.30.650.660.180.540.310.71-0.26-0.350.34-0.580.130.740.60.020.430.42
-0.390.71-0.28-0.17-0.51-0.280.26-0.690.37-0.6-0.63-0.04-0.70.24-0.580.650.260.120.510.11-0.54-0.280.40.41-0.72
0.030.650.010.55-0.21-0.40.260.310.68-0.33-0.460.73-0.620.44-0.630.690.480.050.630.68-0.29-0.10.570.17-0.04
0.690.020.640.80.580.22-0.690.310.10.550.470.610.350.160.280.02-0.130.31-0.020.620.590.390.030.090.81
0.10.59-0.070.38-0.17-0.30.370.680.1-0.39-0.440.37-0.390.65-0.50.570.07-0.080.510.5-0.38-0.40.760.22-0.24
0.75-0.310.590.350.890.65-0.6-0.330.55-0.390.950.130.56-0.030.88-0.51-0.550.08-0.470.080.880.47-0.360.120.87
0.74-0.420.460.210.930.66-0.63-0.460.47-0.440.95-0.030.68-0.070.96-0.63-0.670.01-0.51-0.070.90.37-0.430.00.83
0.430.520.650.880.180.18-0.040.730.610.370.13-0.03-0.360.44-0.210.560.440.360.190.880.230.540.450.50.36
0.43-0.610.22-0.070.580.54-0.7-0.620.35-0.390.560.68-0.36-0.070.72-0.62-0.620.07-0.49-0.280.580.03-0.35-0.250.44
0.490.480.30.470.270.310.240.440.160.65-0.03-0.070.44-0.07-0.10.48-0.10.290.370.540.15-0.040.910.27-0.07
0.65-0.540.360.020.850.71-0.58-0.630.28-0.50.880.96-0.210.72-0.1-0.73-0.7-0.05-0.62-0.260.840.36-0.43-0.040.7
-0.050.920.20.48-0.35-0.260.650.690.020.57-0.51-0.630.56-0.620.48-0.730.460.520.720.74-0.31-0.020.660.52-0.38
-0.550.23-0.020.02-0.68-0.350.260.48-0.130.07-0.55-0.670.44-0.62-0.1-0.70.46-0.010.190.19-0.540.160.170.02-0.42
0.350.470.590.520.170.340.120.050.31-0.080.080.010.360.070.29-0.050.52-0.010.250.590.370.490.270.530.12
-0.070.71-0.210.18-0.24-0.580.510.63-0.020.51-0.47-0.510.19-0.490.37-0.620.720.190.250.41-0.3-0.450.52-0.05-0.3
0.510.740.670.950.210.130.110.680.620.50.08-0.070.88-0.280.54-0.260.740.190.590.410.240.350.550.640.29
0.88-0.170.680.460.930.74-0.54-0.290.59-0.380.880.90.230.580.150.84-0.31-0.540.37-0.30.240.57-0.160.190.83
0.41-0.030.730.470.340.6-0.28-0.10.39-0.40.470.370.540.03-0.040.36-0.020.160.49-0.450.350.57-0.110.480.51
0.210.580.130.39-0.090.020.40.570.030.76-0.36-0.430.45-0.350.91-0.430.660.170.270.520.55-0.16-0.110.24-0.32
0.310.640.620.590.120.430.410.170.090.220.120.00.5-0.250.27-0.040.520.020.53-0.050.640.190.480.240.06
0.78-0.220.560.560.830.42-0.72-0.040.81-0.240.870.830.360.44-0.070.7-0.38-0.420.12-0.30.290.830.51-0.320.06
Click cells to compare fundamentals

NIIT Account Relationship Matchups

NIIT fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets20.2B21.5B21.1B11.4B11.6B14.1B
Short Long Term Debt Total1.7B579.7M252.3M128.8M82.8M78.7M
Other Current Liab2.5B2.5B2.8B895.0M507.8M482.4M
Total Current Liabilities4.1B4.8B5.6B1.3B1.1B1.1B
Total Stockholder Equity15.2B16.4B15.2B10.0B10.3B8.5B
Property Plant And Equipment Net2.3B1.7B1.6B1.5B1.5B1.5B
Net Debt807.5M(1.2B)(2.8B)(359.1M)(305.7M)(290.4M)
Accounts Payable957.7M911.2M1.3B369.6M409.1M388.7M
Cash856.4M1.7B3.1B487.9M388.5M369.1M
Non Current Assets Total4.6B3.8B4.7B3.3B3.5B6.1B
Non Currrent Assets Other11.7B12.6B11.7B7.7B1.5B1.4B
Cash And Short Term Investments12.1B13.9B12.4B7.7B7.2B4.1B
Net Receivables3.2B3.7B3.8B570.8M812.3M771.7M
Good Will364.5M354.5M1.2B835.2M751.7M680.2M
Common Stock Shares Outstanding161.1M143.6M137.6M137.6M136.5M160.7M
Short Term Investments11.2B12.1B9.4B7.2B6.8B7.1B
Liabilities And Stockholders Equity20.2B21.5B21.1B11.4B11.6B14.1B
Non Current Liabilities Total858.1M294.3M311.5M96.9M110.3M104.8M
Inventory5.1M610K20.6M7.0M10.6M10.0M
Other Current Assets3.6B1.6B3.9B205.8M115.5M109.7M
Other Stockholder Equity104.4M171.6M252.5M249.0M277.3M263.4M
Total Liab5.0B5.1B5.9B1.4B1.2B1.2B
Total Current Assets15.6B17.7B16.4B8.1B8.1B8.1B
Accumulated Other Comprehensive Income(819.3M)5.8B6.0B5.6B5.7B6.0B
Intangible Assets1.1B1.1B963.5M293.2M450.8M576.7M
Common Stock283.0M284.7M267.7M269.1M270.1M326.2M
Short Term Debt811.9M300.1M139.9M33.3M19.4M18.4M
Current Deferred Revenue2.2B3.5B4.0B438.3M196.5M186.7M
Retained Earnings9.1B10.2B8.7B3.8B4.1B4.2B
Other Liab6.1M14.6M199.2M1.3M1.2M1.1M
Net Tangible Assets13.7B15.0B13.0B8.8B10.2B9.9B
Other Assets1.2B819.4M30K177.9M160.1M152.1M
Long Term Debt927.8M1.5B239.2M77.2M5.3M0.0
Short Long Term Debt539.8M601.4M202.5M85.2M5.3M0.0
Property Plant Equipment2.3B1.7B1.6B1.5B1.7B1.7B
Long Term Debt Total852.0M279.7M112.4M95.6M86.0M81.7M
Capital Surpluse104.4M171.6M252.5M249.0M224.1M338.0M
Cash And Equivalents99M38M59.8M100K115K109.3K

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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.