SUMICHEM | | | 545.70 3.45 0.63% |
Sumitomo Chemical financial indicator trend analysis is much more than just breaking down Sumitomo Chemical India prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Sumitomo Chemical India is a good investment. Please check the relationship between Sumitomo Chemical Interest Expense and its Interest Income accounts. Check out
World Market Map to better understand how to build diversified portfolios, which includes a position in Sumitomo Chemical India. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in main economic indicators.
Interest Expense vs Interest Income
Interest Expense vs Interest Income Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Sumitomo Chemical India Interest Expense account and
Interest Income. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Sumitomo Chemical's Interest Expense and Interest Income is 0.41. Overlapping area represents the amount of variation of Interest Expense that can explain the historical movement of Interest Income in the same time period over historical financial statements of Sumitomo Chemical India, assuming nothing else is changed. The correlation between historical values of Sumitomo Chemical's Interest Expense 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 Interest Expense of Sumitomo Chemical India 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 Interest Expense i.e., Sumitomo Chemical's Interest Expense and Interest Income go up and down completely randomly.
Correlation Coefficient | 0.41 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Interest Expense
The cost incurred by an entity for borrowed funds, including loans, bonds, or lines of credit.
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 Sumitomo Chemical's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Sumitomo Chemical India 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 Sumitomo Chemical India. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in main economic indicators.
The current year's
Selling General Administrative is expected to grow to about 2.6
B, whereas
Tax Provision is forecasted to decline to about 1.1
B.
Sumitomo Chemical fundamental ratios Correlations
Click cells to compare fundamentals
Sumitomo Chemical Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Sumitomo Chemical fundamental ratios Accounts
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Other Information on Investing in Sumitomo Stock
Balance Sheet is a snapshot of the
financial position of Sumitomo Chemical India at a specified time, usually calculated after every quarter, six months, or one year. Sumitomo Chemical Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Sumitomo Chemical 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 Sumitomo currently owns. An asset can also be divided into two categories, current and non-current.