Rail Non Currrent Assets Other vs Short Term Investments Analysis

RVNL Stock   433.25  15.20  3.39%   
Rail Vikas financial indicator trend analysis is much more than just breaking down Rail Vikas Nigam prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Rail Vikas Nigam is a good investment. Please check the relationship between Rail Vikas Non Currrent Assets Other and its Short Term Investments accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Rail Vikas Nigam. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Non Currrent Assets Other vs Short Term Investments

Non Currrent Assets Other vs Short Term Investments Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Rail Vikas Nigam Non Currrent Assets Other account and Short Term Investments. At this time, the significance of the direction appears to have strong relationship.
The correlation between Rail Vikas' Non Currrent Assets Other and Short Term Investments is 0.74. Overlapping area represents the amount of variation of Non Currrent Assets Other that can explain the historical movement of Short Term Investments in the same time period over historical financial statements of Rail Vikas Nigam, assuming nothing else is changed. The correlation between historical values of Rail Vikas' Non Currrent Assets Other and Short Term Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Non Currrent Assets Other of Rail Vikas Nigam are associated (or correlated) with its Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Term Investments has no effect on the direction of Non Currrent Assets Other i.e., Rail Vikas' Non Currrent Assets Other and Short Term Investments go up and down completely randomly.

Correlation Coefficient

0.74
Relationship DirectionPositive 
Relationship StrengthSignificant

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.

Short Term Investments

Short Term Investments is an item under the current assets section of Rail Vikas balance sheet. It contains any investments Rail Vikas Nigam undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that Rail Vikas Nigam can easily liquidate in the marketplace.
Most indicators from Rail Vikas' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Rail Vikas Nigam 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 Rail Vikas Nigam. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Selling General Administrative is likely to gain to about 2.1 B in 2024. Tax Provision is likely to gain to about 5 B in 2024
 2021 2022 2023 2024 (projected)
Gross Profit14.8B15.6B17.1B9.0B
Total Revenue193.8B202.8B218.9B116.7B

Rail Vikas fundamental ratios Correlations

0.010.570.550.550.350.56-0.230.520.330.510.480.540.550.16-0.270.340.570.130.53-0.10.850.72-0.36-0.060.37
0.01-0.55-0.01-0.05-0.060.050.89-0.040.140.17-0.06-0.22-0.090.02-0.04-0.480.10.150.02-0.190.040.070.78-0.420.07
0.57-0.550.8-0.13-0.25-0.19-0.54-0.12-0.220.02-0.120.00.16-0.220.050.27-0.180.56-0.130.190.750.74-0.37-0.15-0.08
0.55-0.010.8-0.37-0.53-0.35-0.07-0.36-0.330.17-0.36-0.270.14-0.460.14-0.04-0.350.87-0.310.280.880.920.19-0.59-0.15
0.55-0.05-0.13-0.370.870.98-0.210.90.640.320.870.910.440.55-0.380.450.93-0.690.86-0.30.08-0.13-0.610.490.59
0.35-0.06-0.25-0.530.870.83-0.220.930.580.250.890.730.240.68-0.580.260.84-0.810.86-0.32-0.16-0.31-0.590.670.59
0.560.05-0.19-0.350.980.83-0.120.880.70.360.870.920.510.53-0.350.480.93-0.670.84-0.230.1-0.13-0.520.430.54
-0.230.89-0.54-0.07-0.21-0.22-0.12-0.240.04-0.29-0.21-0.35-0.41-0.070.09-0.5-0.130.23-0.2-0.14-0.13-0.10.85-0.46-0.01
0.52-0.04-0.12-0.360.90.930.88-0.240.570.290.980.810.320.5-0.720.330.84-0.680.97-0.30.01-0.18-0.580.450.73
0.330.14-0.22-0.330.640.580.70.040.570.20.580.680.560.69-0.020.640.75-0.530.49-0.410.03-0.12-0.340.48-0.03
0.510.170.020.170.320.250.36-0.290.290.20.190.290.760.19-0.040.120.48-0.140.35-0.070.420.42-0.190.090.03
0.48-0.06-0.12-0.360.870.890.87-0.210.980.580.190.850.320.4-0.710.410.78-0.670.96-0.17-0.03-0.24-0.560.390.72
0.54-0.220.0-0.270.910.730.92-0.350.810.680.290.850.630.37-0.280.740.81-0.620.8-0.070.13-0.12-0.680.410.42
0.55-0.090.160.140.440.240.51-0.410.320.560.760.320.630.220.180.720.55-0.220.360.030.440.32-0.420.2-0.18
0.160.02-0.22-0.460.550.680.53-0.070.50.690.190.40.370.22-0.020.230.71-0.650.38-0.56-0.12-0.16-0.430.83-0.03
-0.27-0.040.050.14-0.38-0.58-0.350.09-0.72-0.02-0.04-0.71-0.280.18-0.020.18-0.270.29-0.720.120.090.160.2-0.03-0.85
0.34-0.480.27-0.040.450.260.48-0.50.330.640.120.410.740.720.230.180.42-0.30.310.060.190.0-0.650.36-0.18
0.570.1-0.18-0.350.930.840.93-0.130.840.750.480.780.810.550.71-0.270.42-0.660.81-0.450.14-0.03-0.530.530.38
0.130.150.560.87-0.69-0.81-0.670.23-0.68-0.53-0.14-0.67-0.62-0.22-0.650.29-0.3-0.66-0.620.260.590.70.53-0.79-0.31
0.530.02-0.13-0.310.860.860.84-0.20.970.490.350.960.80.360.38-0.720.310.81-0.62-0.280.04-0.14-0.510.330.74
-0.1-0.190.190.28-0.3-0.32-0.23-0.14-0.3-0.41-0.07-0.17-0.070.03-0.560.120.06-0.450.26-0.280.070.010.14-0.32-0.09
0.850.040.750.880.08-0.160.1-0.130.010.030.42-0.030.130.44-0.120.090.190.140.590.040.070.96-0.06-0.360.0
0.720.070.740.92-0.13-0.31-0.13-0.1-0.18-0.120.42-0.24-0.120.32-0.160.160.0-0.030.7-0.140.010.960.06-0.4-0.13
-0.360.78-0.370.19-0.61-0.59-0.520.85-0.58-0.34-0.19-0.56-0.68-0.42-0.430.2-0.65-0.530.53-0.510.14-0.060.06-0.68-0.2
-0.06-0.42-0.15-0.590.490.670.43-0.460.450.480.090.390.410.20.83-0.030.360.53-0.790.33-0.32-0.36-0.4-0.68-0.03
0.370.07-0.08-0.150.590.590.54-0.010.73-0.030.030.720.42-0.18-0.03-0.85-0.180.38-0.310.74-0.090.0-0.13-0.2-0.03
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Rail Vikas Account Relationship Matchups

Rail Vikas fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets123.9B141.5B198.8B184.2B196.1B162.2B
Short Long Term Debt Total45.6B59.3B66.4B64.4B60.3B55.6B
Other Current Liab16.7B13.8B17.7B16.9B17.7B27.8B
Total Current Liabilities27.0B25.1B68.5B44.4B45.8B48.1B
Total Stockholder Equity51.2B55.7B64.0B73.3B87.5B51.8B
Property Plant And Equipment Net3.0B3.2B3.6B3.4B4.5B4.7B
Current Deferred Revenue10.9B11.4B15.9B19.6B20.6B11.6B
Net Debt42.9B45.1B20.4B56.0B49.3B31.0B
Retained Earnings29.6B34.1B42.4B51.7B65.9B69.2B
Accounts Payable7.0B3.9B5.7B10.8B2.5B3.8B
Cash2.7B14.2B46.1B8.4B11.0B13.0B
Non Current Assets Total38.7B41.7B54.0B93.8B98.7B103.6B
Non Currrent Assets Other26.2B26.6B51.8B88.4B69.9B36.4B
Cash And Short Term Investments9.8B15.0B57.3B44.5B11.5B10.9B
Net Receivables56.7B57.2B43.2B39.0B18.8B28.7B
Short Term Investments7.1B815M11.2B36.1B389.5M370.0M
Liabilities And Stockholders Equity123.9B141.5B198.8B184.2B196.1B162.2B
Non Current Liabilities Total45.8B60.8B66.4B66.6B62.9B44.3B
Inventory91.8M234.9M499.1M589.3M647.2M614.8M
Other Current Assets18.5B42.3B43.8B54.2B66.6B69.9B
Other Stockholder Equity1.1B1.1B(1.0)0.0639M552.6M
Total Liab72.8B85.9B134.8B111.0B108.7B80.3B
Total Current Assets85.2B99.8B144.8B90.5B97.5B84.7B
Accumulated Other Comprehensive Income(361.4M)(416.2M)(739.8M)710M816.5M857.3M
Short Term Debt2.9B2.5B3.0B4.0B4.9B4.6B
Intangible Assets300.2M262.4M209M147.3M88.6M159.3M
Other Assets19.6B21.6B31.4B2.7B3.1B2.9B
Long Term Debt42.6B56.7B63.2B60.3B55.2B44.4B
Long Term Debt Total42.7B56.8B63.4B60.4B69.5B42.6B
Property Plant Equipment3.0B3.2B3.6B3.4B3.9B3.1B
Other Liab3.0B3.9B2.9B6.1B7.1B7.4B
Net Tangible Assets50.9B55.4B63.8B73.1B84.1B54.4B
Short Long Term Debt4.9B4.2B2.8B3.8B4.7B4.5B
Net Invested Capital98.6B112.4B129.9B137.3B147.3B121.3B
Net Working Capital58.2B74.8B76.3B46.0B51.7B58.6B

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