Prakash Net Income vs Interest Income Analysis

PRAKASHSTL   8.40  0.13  1.52%   
Prakash Steelage financial indicator trend analysis is much more than just breaking down Prakash Steelage prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Prakash Steelage is a good investment. Please check the relationship between Prakash Steelage Net Income and its Interest Income accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Prakash Steelage 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 nation.

Net Income vs Interest Income

Net Income vs Interest Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Prakash Steelage Net Income account and Interest Income. At this time, the significance of the direction appears to have significant contrarian relationship.
Net IncomeInterest IncomeDiversified AwayNet IncomeInterest IncomeDiversified Away100%
The correlation between Prakash Steelage's Net Income and Interest Income is -0.27. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Interest Income in the same time period over historical financial statements of Prakash Steelage Limited, assuming nothing else is changed. The correlation between historical values of Prakash Steelage's Net Income and Interest Income 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 Income of Prakash Steelage Limited are associated (or correlated) with its Interest Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Interest Income has no effect on the direction of Net Income i.e., Prakash Steelage's Net Income and Interest Income go up and down completely randomly.

Correlation Coefficient

-0.27
Relationship DirectionNegative 
Relationship StrengthInsignificant

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in Prakash Steelage financial statement analysis. It represents the amount of money remaining after all of Prakash Steelage Limited operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

Interest Income

Income earned from the investment of cash or from lending money to others, including interest from bank accounts, bonds, or other interest-bearing investments.
Most indicators from Prakash Steelage's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Prakash Steelage 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 Prakash Steelage 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 nation.
The Prakash Steelage's current Selling General Administrative is estimated to increase to about 65 M. The Prakash Steelage's current Tax Provision is estimated to increase to about 4.4 M
 2021 2022 2023 2024 (projected)
Total Operating Expenses72.8M116.3M36.5M34.7M
Cost Of Revenue327.5M817.7M910.4M864.9M

Prakash Steelage fundamental ratios Correlations

0.490.840.720.820.880.440.450.880.820.940.820.95-0.060.450.910.50.470.81.00.34-0.150.790.740.570.83
0.490.230.89-0.070.440.271.00.540.340.490.330.52-0.020.190.37-0.180.650.890.490.93-0.2-0.090.210.440.0
0.840.230.530.810.810.090.180.670.840.840.840.720.20.140.840.660.380.540.820.20.140.750.620.360.77
0.720.890.530.220.590.140.870.810.470.660.460.710.210.080.650.150.810.970.730.860.040.150.380.50.23
0.82-0.070.810.220.740.37-0.130.580.770.770.770.75-0.10.410.770.670.070.30.81-0.21-0.080.990.70.350.97
0.880.440.810.590.740.460.380.740.950.980.950.73-0.270.490.920.570.240.680.860.24-0.340.760.550.260.81
0.440.270.090.140.370.460.250.290.380.430.370.49-0.790.860.260.05-0.220.340.43-0.06-0.810.470.40.30.53
0.451.00.180.87-0.130.380.250.510.280.430.270.490.00.170.32-0.220.650.870.450.94-0.18-0.150.180.44-0.06
0.880.540.670.810.580.740.290.510.590.790.580.820.040.320.870.440.60.850.890.42-0.070.540.580.490.58
0.820.340.840.470.770.950.380.280.590.941.00.66-0.210.430.860.60.170.550.790.17-0.270.780.540.220.81
0.940.490.840.660.770.980.430.430.790.940.940.81-0.20.490.930.540.340.740.910.3-0.280.770.650.420.82
0.820.330.840.460.770.950.370.270.581.00.940.65-0.210.430.860.610.160.550.790.16-0.270.780.540.210.82
0.950.520.720.710.750.730.490.490.820.660.810.65-0.050.470.740.310.480.790.960.38-0.140.720.780.720.76
-0.06-0.020.20.21-0.1-0.27-0.790.00.04-0.21-0.2-0.21-0.05-0.84-0.010.140.60.0-0.040.320.93-0.26-0.11-0.03-0.3
0.450.190.140.080.410.490.860.170.320.430.490.430.47-0.840.32-0.03-0.280.320.44-0.17-0.830.530.510.460.57
0.910.370.840.650.770.920.260.320.870.860.930.860.74-0.010.320.690.440.690.90.24-0.070.740.560.280.77
0.5-0.180.660.150.670.570.05-0.220.440.60.540.610.310.14-0.030.690.110.130.49-0.180.120.620.36-0.130.62
0.470.650.380.810.070.24-0.220.650.60.170.340.160.480.6-0.280.440.110.710.490.770.5-0.060.220.41-0.03
0.80.890.540.970.30.680.340.870.850.550.740.550.790.00.320.690.130.710.80.78-0.170.270.490.580.35
1.00.490.820.730.810.860.430.450.890.790.910.790.96-0.040.440.90.490.490.80.34-0.130.780.740.590.82
0.340.930.20.86-0.210.24-0.060.940.420.170.30.160.380.32-0.170.24-0.180.770.780.340.13-0.280.060.34-0.2
-0.15-0.20.140.04-0.08-0.34-0.81-0.18-0.07-0.27-0.28-0.27-0.140.93-0.83-0.070.120.5-0.17-0.130.13-0.23-0.16-0.12-0.29
0.79-0.090.750.150.990.760.47-0.150.540.780.770.780.72-0.260.530.740.62-0.060.270.78-0.28-0.230.680.320.99
0.740.210.620.380.70.550.40.180.580.540.650.540.78-0.110.510.560.360.220.490.740.06-0.160.680.750.71
0.570.440.360.50.350.260.30.440.490.220.420.210.72-0.030.460.28-0.130.410.580.590.34-0.120.320.750.36
0.830.00.770.230.970.810.53-0.060.580.810.820.820.76-0.30.570.770.62-0.030.350.82-0.2-0.290.990.710.36
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Prakash Steelage Account Relationship Matchups

Prakash Steelage fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets378.6M298.5M374.2M374.1M403.6M383.4M
Short Long Term Debt Total2.4B1.9B339.6M289.0M3.1M2.9M
Other Current Liab321.0K31.4M30.9M33.3M55.2M82.6M
Total Current Liabilities3.0B2.5B913.0M871.2M319.6M303.6M
Total Stockholder Equity(2.7B)(2.2B)(542.8M)(501.5M)77.2M81.0M
Property Plant And Equipment Net108.2M94.3M63.3M58.8M58.7M55.8M
Current Deferred Revenue22.6M54.2M57.1M1.9M23.0M21.8M
Net Debt2.4B1.9B335.9M281.3M(447K)(424.7K)
Accounts Payable536.3M488.8M516.3M522.3M260.6M247.6M
Cash619.6K2.6M3.7M7.7M3.5M3.3M
Non Current Assets Total146.6M98.4M68.4M75.5M72.7M69.1M
Cash And Short Term Investments619.6K2.6M3.7M15.5M3.5M3.3M
Net Receivables118.8M60.2M39.1M103.5M120.1M114.1M
Liabilities And Stockholders Equity378.6M298.5M374.2M374.1M403.6M383.4M
Non Current Liabilities Total73.3M8.9M4.0M4.5M6.9M6.5M
Inventory112.5M96.5M199.4M156.2M176.3M167.5M
Other Current Assets83.5K40.8M63.6M31.3M31.0M25.0M
Other Stockholder Equity1.2B1.2B1.2B996.9M671.6M880.0M
Total Liab3.1B2.5B916.9M875.7M326.4M310.1M
Total Current Assets232.0M200.1M305.8M298.6M330.9M314.4M
Accumulated Other Comprehensive Income(220.8M)(194.8M)(208.2M)325.3M325.3M0.0
Short Term Debt2.4B1.9B339.6M262.5M1.5M1.4M
Retained Earnings(3.9B)(3.3B)(1.7B)(1.3B)(1.1B)(1.1B)
Non Currrent Assets Other(140.6M)12.7M12.0M2.0M3.7M3.5M
Other Liab71.9M73.3M8.9M4.0M3.6M3.4M
Net Tangible Assets(2.7B)(2.7B)(2.2B)(542.8M)(488.5M)(512.9M)
Other Assets6.0M4.1M5.1M12.6M11.3M10.8M
Short Long Term Debt2.4B1.9B339.6M289.0M1.4M1.3M
Property Plant Equipment108.2M94.3M63.3M58.8M52.9M50.2M
Cash And Equivalents619.6K2.6M3.7M7.7M8.8M9.3M
Net Invested Capital(254.0M)(253.4M)(203.2M)(212.5M)78.6M82.5M
Net Working Capital(2.8B)(2.3B)(607.2M)(572.5M)11.4M11.9M

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Other Information on Investing in Prakash Stock

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

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