SHRIRAMFIN | | | 3,248 61.75 1.94% |
Shriram Finance financial indicator trend analysis is much more than just breaking down Shriram Finance prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Shriram Finance is a good investment. Please check the relationship between Shriram Finance Property Plant And Equipment Net and its Net Debt accounts. Check out
World Market Map to better understand how to build diversified portfolios, which includes a position in Shriram Finance 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 metropolitan statistical area.
Property Plant And Equipment Net vs Net Debt
Property Plant And Equipment Net vs Net Debt Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Shriram Finance Property Plant And Equipment Net account and
Net Debt. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Shriram Finance's Property Plant And Equipment Net and Net Debt is 0.95. Overlapping area represents the amount of variation of Property Plant And Equipment Net that can explain the historical movement of Net Debt in the same time period over historical financial statements of Shriram Finance Limited, assuming nothing else is changed. The correlation between historical values of Shriram Finance's Property Plant And Equipment Net and Net Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Property Plant And Equipment Net of Shriram Finance Limited are associated (or correlated) with its Net Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Debt has no effect on the direction of Property Plant And Equipment Net i.e., Shriram Finance's Property Plant And Equipment Net and Net Debt go up and down completely randomly.
Correlation Coefficient | 0.95 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Property Plant And Equipment Net
The total value of a company's physical assets (such as land, buildings, and equipment) used in operations, net of depreciation. It reflects the company's investment in assets used for production.
Net Debt
The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.
Most indicators from Shriram Finance's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Shriram Finance 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
World Market Map to better understand how to build diversified portfolios, which includes a position in Shriram Finance 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 metropolitan statistical area.
As of the 12th of December 2024,
Selling General Administrative is likely to drop to about 1.7
B. In addition to that,
Tax Provision is likely to drop to about 13.1
BShriram Finance fundamental ratios Correlations
Click cells to compare fundamentals
Shriram Finance Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Shriram Finance fundamental ratios Accounts
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Other Information on Investing in Shriram Stock
Balance Sheet is a snapshot of the
financial position of Shriram Finance at a specified time, usually calculated after every quarter, six months, or one year. Shriram Finance Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Shriram Finance 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 Shriram currently owns. An asset can also be divided into two categories, current and non-current.