NIIT Cash vs Non Currrent Assets Other Analysis
| NIITMTS Stock | 518.20 18.20 3.64% |
NIIT LEARNING financial indicator trend analysis is infinitely more than just investigating NIIT LEARNING SYSTEMS recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether NIIT LEARNING SYSTEMS is a good investment. Please check the relationship between NIIT LEARNING Cash and its Non Currrent Assets Other accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NIIT LEARNING SYSTEMS. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.
Cash vs Non Currrent Assets Other
Cash vs Non Currrent Assets Other Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of NIIT LEARNING SYSTEMS Cash account and Non Currrent Assets Other. At this time, the significance of the direction appears to have very strong relationship.
The correlation between NIIT LEARNING's Cash and Non Currrent Assets Other is 0.82. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Non Currrent Assets Other in the same time period over historical financial statements of NIIT LEARNING SYSTEMS, assuming nothing else is changed. The correlation between historical values of NIIT LEARNING's Cash and Non Currrent Assets Other 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 of NIIT LEARNING SYSTEMS are associated (or correlated) with its Non Currrent Assets Other. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Currrent Assets Other has no effect on the direction of Cash i.e., NIIT LEARNING's Cash and Non Currrent Assets Other go up and down completely randomly.
Correlation Coefficient | 0.82 |
| Relationship Direction | Positive |
| Relationship Strength | Strong |
Cash
Cash refers to the most liquid asset of NIIT LEARNING SYSTEMS, which is listed under current asset account on NIIT LEARNING SYSTEMS balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from NIIT LEARNING customers. The amounts must be unrestricted with restricted cash listed in a different NIIT LEARNING account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.Non Currrent Assets Other
Assets that are not physical or tangible, expected to provide value for more than one year, and not easily converted into cash, such as long-term investments or patents.Most indicators from NIIT LEARNING's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into NIIT LEARNING SYSTEMS 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 LEARNING SYSTEMS. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population. Selling General Administrative is likely to gain to about 3.5 B in 2024
| 2021 | 2022 | 2023 | 2024 (projected) | Total Operating Expenses | 3.0B | 2.9B | 3.3B | 2.1B | Cost Of Revenue | 5.8B | 6.9B | 7.0B | 4.4B |
NIIT LEARNING fundamental ratios Correlations
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NIIT LEARNING Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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When running NIIT LEARNING's price analysis, check to measure NIIT LEARNING's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy NIIT LEARNING is operating at the current time. Most of NIIT LEARNING's value examination focuses on studying past and present price action to predict the probability of NIIT LEARNING's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NIIT LEARNING's price. Additionally, you may evaluate how the addition of NIIT LEARNING to your portfolios can decrease your overall portfolio volatility.