Praj Capital Expenditures vs Other Non Cash Items Analysis

PRAJIND Stock   738.70  42.85  5.48%   
Praj Industries financial indicator trend analysis is much more than just breaking down Praj Industries prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Praj Industries is a good investment. Please check the relationship between Praj Industries Capital Expenditures and its Other Non Cash Items accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Praj Industries 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 gross domestic product.

Capital Expenditures vs Other Non Cash Items

Capital Expenditures vs Other Non Cash Items Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Praj Industries Capital Expenditures account and Other Non Cash Items. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Praj Industries' Capital Expenditures and Other Non Cash Items is -0.56. Overlapping area represents the amount of variation of Capital Expenditures that can explain the historical movement of Other Non Cash Items in the same time period over historical financial statements of Praj Industries Limited, assuming nothing else is changed. The correlation between historical values of Praj Industries' Capital Expenditures 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 Capital Expenditures of Praj Industries 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 Capital Expenditures i.e., Praj Industries' Capital Expenditures and Other Non Cash Items go up and down completely randomly.

Correlation Coefficient

-0.56
Relationship DirectionNegative 
Relationship StrengthVery Weak

Capital Expenditures

Capital Expenditures are funds used by Praj Industries to acquire physical assets such as property, industrial buildings or equipment. This type of outlay is used by management to increase the scope of Praj Industries operations. These expenditures can include everything from repairing an office equipment, building a brand new facility, or writing new software.

Other Non Cash Items

Most indicators from Praj Industries' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Praj Industries 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in Praj Industries 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 gross domestic product.
At present, Praj Industries' Tax Provision is projected to increase significantly based on the last few years of reporting.
 2022 2023 2024 2025 (projected)
Interest Expense46.3M97.9M112.6M118.2M
Depreciation And Amortization302.5M440.6M396.5M376.7M

Praj Industries fundamental ratios Correlations

0.890.980.970.890.450.990.850.93-0.440.960.990.830.880.710.440.470.991.00.580.510.880.490.680.780.81
0.890.890.830.840.580.850.80.85-0.410.810.90.70.90.50.410.490.90.880.620.260.920.220.590.880.78
0.980.890.920.820.40.980.820.86-0.480.970.970.770.830.770.50.441.00.990.520.450.840.40.740.740.8
0.970.830.920.920.460.950.810.97-0.350.920.960.870.870.630.340.460.930.950.60.610.860.620.590.740.79
0.890.840.820.920.520.820.830.98-0.250.760.880.850.90.390.40.50.840.850.660.60.90.520.330.850.69
0.450.580.40.460.520.410.180.54-0.550.290.540.30.650.140.040.050.440.420.52-0.160.680.020.30.670.53
0.990.850.980.950.820.410.80.88-0.510.980.980.790.830.760.390.390.980.990.530.490.820.470.750.710.81
0.850.80.820.810.830.180.80.83-0.190.830.80.80.860.410.390.620.840.830.610.450.850.310.450.810.64
0.930.850.860.970.980.540.880.83-0.330.830.930.880.920.480.340.480.880.90.670.590.920.550.440.830.75
-0.44-0.41-0.48-0.35-0.25-0.55-0.51-0.19-0.33-0.43-0.5-0.25-0.45-0.430.020.01-0.49-0.46-0.180.15-0.440.15-0.56-0.36-0.44
0.960.810.970.920.760.290.980.830.83-0.430.940.780.790.770.380.460.960.980.460.480.780.460.790.660.79
0.990.90.970.960.880.540.980.80.93-0.50.940.810.90.680.340.380.980.980.610.460.90.440.690.80.83
0.830.70.770.870.850.30.790.80.88-0.250.780.810.790.480.280.440.780.80.520.660.760.590.440.670.7
0.880.90.830.870.90.650.830.860.92-0.450.790.90.790.390.280.480.870.860.710.281.00.250.50.950.76
0.710.50.770.630.390.140.760.410.48-0.430.770.680.480.390.490.260.740.760.160.430.380.490.840.240.71
0.440.410.50.340.40.040.390.390.340.020.380.340.280.280.490.460.480.450.080.360.310.310.240.270.31
0.470.490.440.460.50.050.390.620.480.010.460.380.440.480.260.460.450.450.230.360.490.380.290.430.47
0.990.91.00.930.840.440.980.840.88-0.490.960.980.780.870.740.480.451.00.550.430.870.390.730.770.81
1.00.880.990.950.850.420.990.830.9-0.460.980.980.80.860.760.450.451.00.550.490.850.460.730.750.81
0.580.620.520.60.660.520.530.610.67-0.180.460.610.520.710.160.080.230.550.550.170.740.220.210.790.52
0.510.260.450.610.6-0.160.490.450.590.150.480.460.660.280.430.360.360.430.490.170.250.890.110.140.4
0.880.920.840.860.90.680.820.850.92-0.440.780.90.761.00.380.310.490.870.850.740.250.240.50.970.76
0.490.220.40.620.520.020.470.310.550.150.460.440.590.250.490.310.380.390.460.220.890.240.230.10.48
0.680.590.740.590.330.30.750.450.44-0.560.790.690.440.50.840.240.290.730.730.210.110.50.230.390.81
0.780.880.740.740.850.670.710.810.83-0.360.660.80.670.950.240.270.430.770.750.790.140.970.10.390.68
0.810.780.80.790.690.530.810.640.75-0.440.790.830.70.760.710.310.470.810.810.520.40.760.480.810.68
Click cells to compare fundamentals

Praj Industries Account Relationship Matchups

Praj Industries fundamental ratios Accounts

202020212022202320242025 (projected)
Total Assets15.9B22.1B26.2B29.0B33.3B35.0B
Other Current Liab427.2M654.4M8.3B9.1B10.5B11.0B
Total Current Liabilities7.6B12.6B15.0B14.6B16.8B17.6B
Total Stockholder Equity8.0B9.2B10.8B12.7B14.7B15.4B
Property Plant And Equipment Net2.1B2.1B2.4B4.1B4.7B5.0B
Net Debt(834.5M)(863.7M)(564.4M)9.2M10.5M11.1M
Accounts Payable3.4B4.2B5.1B5.0B5.7B6.0B
Cash1.0B1.1B985.8M1.7B1.9B2.0B
Non Current Assets Total3.6B3.7B4.4B6.7B7.7B8.1B
Non Currrent Assets Other292.5M254.8M281.2M79.8M71.8M68.2M
Cash And Short Term Investments4.3B5.5B6.2B5.8B6.7B7.1B
Net Receivables5.9B7.9B11.0B12.3B14.2B14.9B
Common Stock Shares Outstanding183.3M183.7M183.8M183.7M211.3M197.5M
Liabilities And Stockholders Equity15.9B22.1B26.2B29.0B33.3B35.0B
Non Current Liabilities Total270.2M318.1M400.7M1.6B1.9B2.0B
Inventory1.3B3.5B3.3B2.2B2.5B1.4B
Other Current Assets887.4M1.6B1.4B1.6B1.4B1.1B
Other Stockholder Equity982.3M1.0B1.0B2.0B1.8B1.3B
Total Liab7.9B13.0B15.4B16.2B18.6B19.6B
Total Current Assets12.4B18.4B21.8B22.2B25.6B26.9B
Accumulated Other Comprehensive Income1.4B1.3B1.2B30.4M35.0M36.7M
Intangible Assets11.0M18.8M39.9M447.6M514.7M540.4M
Common Stock366.5M367.3M367.4M367.6M422.8M338.8M
Short Long Term Debt Total176.6M210.9M421.4M1.7B1.9B2.0B
Short Term Investments3.3B4.4B5.2B4.2B4.8B2.6B
Current Deferred Revenue400.8M572.7M1.2B7.7B8.8B9.3B
Retained Earnings5.3B6.4B8.2B10.3B11.9B6.0B
Short Term Debt(3.7B)(7.6B)(996.9M)276.1M248.5M261.0M
Other Liab171.8M157.0M170.5M138.0M158.7M171.2M
Net Tangible Assets6.8B6.6B7.4B8.5B9.8B7.2B
Other Assets470.3M396.7M274.1M113.7M130.8M124.3M
Property Plant Equipment2.2B2.1B2.1B2.4B2.2B1.8B
Capital Surpluse977.3M982.3M1.0B1.0B1.2B975.5M
Cash And Equivalents232.8M455.5M612.2M495.0M569.2M446.1M
Net Invested Capital8.0B9.2B10.8B12.7B14.7B9.8B

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Other Information on Investing in Praj Stock

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