Sintex Total Liab vs Total Assets Analysis

SPTL Stock   1.06  0.00  0.00%   
Sintex Plastics financial indicator trend analysis is much more than just breaking down Sintex Plastics Tech prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Sintex Plastics Tech is a good investment. Please check the relationship between Sintex Plastics Total Liab and its Total Assets accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Sintex Plastics Technology. 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.

Total Liab vs Total Assets

Total Liab vs Total Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Sintex Plastics Tech Total Liab account and Total Assets. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Sintex Plastics' Total Liab and Total Assets is 0.98. Overlapping area represents the amount of variation of Total Liab that can explain the historical movement of Total Assets in the same time period over historical financial statements of Sintex Plastics Technology, assuming nothing else is changed. The correlation between historical values of Sintex Plastics' Total Liab and Total Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Liab of Sintex Plastics Technology are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Total Liab i.e., Sintex Plastics' Total Liab and Total Assets go up and down completely randomly.

Correlation Coefficient

0.98
Relationship DirectionPositive 
Relationship StrengthVery Strong

Total Liab

The total amount of all liabilities that a company has, including both short-term and long-term liabilities.

Total Assets

Total assets refers to the total amount of Sintex Plastics assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Sintex Plastics Tech books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.
Most indicators from Sintex Plastics' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Sintex Plastics Tech 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 Sintex Plastics Technology. 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 2.7 B in 2024, whereas Tax Provision is likely to drop slightly above 1.1 B in 2024.
 2021 2022 2023 2024 (projected)
Interest Income62.4M310.0M356.4M374.3M
Tax Provision2.2B1.7B1.9B1.1B

Sintex Plastics fundamental ratios Correlations

0.690.710.93-0.250.630.720.870.650.88-0.380.220.760.98-0.310.980.940.990.720.980.580.710.370.370.25-0.15
0.690.690.53-0.380.240.490.570.370.35-0.070.020.920.74-0.420.670.480.720.780.650.640.670.130.0-0.150.06
0.710.690.43-0.70.220.750.830.110.44-0.25-0.220.580.84-0.430.710.580.650.870.630.980.750.18-0.08-0.140.32
0.930.530.430.00.720.580.740.780.92-0.440.330.660.84-0.150.910.920.930.480.950.270.580.450.590.46-0.4
-0.25-0.38-0.70.0-0.13-0.44-0.380.16-0.080.550.8-0.29-0.38-0.06-0.15-0.03-0.15-0.59-0.24-0.69-0.38-0.51-0.11-0.12-0.07
0.630.240.220.72-0.130.260.360.390.82-0.65-0.050.40.530.410.510.580.590.240.710.030.430.740.750.71-0.66
0.720.490.750.58-0.440.260.850.480.47-0.360.010.430.77-0.480.730.60.650.850.670.70.560.220.140.060.08
0.870.570.830.74-0.380.360.850.440.66-0.370.080.510.89-0.440.90.810.80.710.790.780.790.240.210.120.07
0.650.370.110.780.160.390.480.440.58-0.260.470.620.54-0.370.630.610.690.330.69-0.020.050.220.440.29-0.29
0.880.350.440.92-0.080.820.470.660.58-0.50.20.50.80.050.830.920.860.410.920.260.540.530.590.53-0.39
-0.38-0.07-0.25-0.440.55-0.65-0.36-0.37-0.26-0.50.6-0.14-0.32-0.51-0.24-0.25-0.26-0.19-0.47-0.13-0.32-0.95-0.87-0.840.68
0.220.02-0.220.330.8-0.050.010.080.470.20.60.140.14-0.530.340.40.32-0.10.17-0.24-0.12-0.59-0.24-0.30.2
0.760.920.580.66-0.290.40.430.510.620.5-0.140.140.76-0.40.710.580.80.690.750.480.470.210.14-0.02-0.04
0.980.740.840.84-0.380.530.770.890.540.8-0.320.140.76-0.390.970.90.960.820.940.730.750.30.220.120.01
-0.31-0.42-0.43-0.15-0.060.41-0.48-0.44-0.370.05-0.51-0.53-0.4-0.39-0.44-0.3-0.36-0.48-0.18-0.49-0.090.640.590.71-0.73
0.980.670.710.91-0.150.510.730.90.630.83-0.240.340.710.97-0.440.960.980.70.940.60.710.20.240.13-0.02
0.940.480.580.92-0.030.580.60.810.610.92-0.250.40.580.9-0.30.960.940.530.920.450.620.240.320.23-0.09
0.990.720.650.93-0.150.590.650.80.690.86-0.260.320.80.96-0.360.980.940.70.970.520.650.280.30.18-0.11
0.720.780.870.48-0.590.240.850.710.330.41-0.19-0.10.690.82-0.480.70.530.70.680.820.610.17-0.07-0.150.21
0.980.650.630.95-0.240.710.670.790.690.92-0.470.170.750.94-0.180.940.920.970.680.470.650.490.490.38-0.28
0.580.640.980.27-0.690.030.70.78-0.020.26-0.13-0.240.480.73-0.490.60.450.520.820.470.720.04-0.24-0.280.45
0.710.670.750.58-0.380.430.560.790.050.54-0.32-0.120.470.75-0.090.710.620.650.610.650.720.310.210.15-0.09
0.370.130.180.45-0.510.740.220.240.220.53-0.95-0.590.210.30.640.20.240.280.170.490.040.310.890.87-0.77
0.370.0-0.080.59-0.110.750.140.210.440.59-0.87-0.240.140.220.590.240.320.3-0.070.49-0.240.210.890.95-0.9
0.25-0.15-0.140.46-0.120.710.060.120.290.53-0.84-0.3-0.020.120.710.130.230.18-0.150.38-0.280.150.870.95-0.92
-0.150.060.32-0.4-0.07-0.660.080.07-0.29-0.390.680.2-0.040.01-0.73-0.02-0.09-0.110.21-0.280.45-0.09-0.77-0.9-0.92
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Sintex Plastics Account Relationship Matchups

Sintex Plastics fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets58.2B56.3B38.3B24.3M27.9M26.5M
Other Current Liab7.6B527.5M10.2B567.4M652.5M619.9M
Total Current Liabilities41.2B45.3B37.2B2.0B2.3B2.2B
Total Stockholder Equity15.0B8.2B530M(2.2B)(2.6B)(2.5B)
Retained Earnings(6.9B)(14.0B)(13.1B)18.1B16.3B17.1B
Accounts Payable2.5B2.7B2.2B140.8M161.9M153.8M
Cash5.8B5.8B1.7B2.3M2.6M2.5M
Other Assets7.6B6.2B926.6M5.1M5.9M5.6M
Long Term Debt27.3B470.7M79.9M12.9M14.8M14.1M
Net Receivables2.4B6.4B877.8M16M18.4M17.5M
Short Term Investments4.3M94.2M5.8B8.7B10.0B10.5B
Inventory1.8B1.7B1.3B6.5B7.4B7.8B
Other Current Assets3.0B339.9M7.3B6M6.9M6.6M
Total Liab43.1B48.0B37.7B2.3B2.6B2.5B
Property Plant Equipment30.2B28.3B15.9B6.3B7.3B6.9B
Other Liab3.8B1.5B2.6B254.9M293.1M278.5M
Intangible Assets7.1B7.1B7.1B3.9M4.5M4.2M
Cash And Short Term Investments5.8B5.9B7.5B2.3M2.6M2.5M
Total Current Assets13.1B14.4B11.1B24.3M21.9M20.8M
Short Term Debt31.0B30.9B24.8B1.3B1.5B1.5B
Other Stockholder Equity3.6B5.1B21.3B(2.9B)(2.6B)(2.5B)
Short Long Term Debt Total31.5B31.2B25.0B1.4B1.3B1.2B
Net Tangible Assets18.6B7.7B921.7M(6.7B)(6.1B)(5.8B)
Property Plant And Equipment Net41.1B31.5B29.7B15.9B14.3B26.8B
Current Deferred Revenue5.3B7.1B11.2B10.0B11.6B7.6B
Net Debt25.7B25.2B23.3B1.4B1.3B1.2B
Non Current Assets Total64.2B45.1B41.8B27.2B24.4B40.8B
Non Currrent Assets Other28.9M200K4.9B175.3M157.8M149.9M
Good Will2.4B1.9B201.8M201.6M181.6M172.5M
Common Stock Shares Outstanding631.0M631.9M636.2M635.8M731.2M676.8M
Long Term Debt Total170.7M262.2M166.7M23.7M27.2M25.9M
Liabilities And Stockholders Equity58.2B56.3B38.3B24.3M21.9M20.8M
Non Current Liabilities Total1.9B2.7B461.1M231.3M208.2M197.8M
Short Long Term Debt10.0B31.0B17.4B24.7B28.4B19.0B
Accumulated Other Comprehensive Income(10.2B)16.5B7.9B(2.9B)(3.3B)(3.1B)
Net Invested Capital73.0B46.5B25.7B25.3B22.7B39.2B
Net Working Capital2.7B(28.1B)(30.9B)(26.1B)(23.5B)(24.6B)

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