Tech Cash And Short Term Investments vs Common Stock Analysis

TECHM Stock   1,764  14.30  0.80%   
Tech Mahindra financial indicator trend analysis is much more than just breaking down Tech Mahindra Limited prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Tech Mahindra Limited is a good investment. Please check the relationship between Tech Mahindra Cash And Short Term Investments and its Common Stock accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Tech Mahindra 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 population.

Cash And Short Term Investments vs Common Stock

Cash And Short Term Investments vs Common Stock Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Tech Mahindra Limited Cash And Short Term Investments account and Common Stock. At this time, the significance of the direction appears to have strong relationship.
The correlation between Tech Mahindra's Cash And Short Term Investments and Common Stock is 0.76. Overlapping area represents the amount of variation of Cash And Short Term Investments that can explain the historical movement of Common Stock in the same time period over historical financial statements of Tech Mahindra Limited, assuming nothing else is changed. The correlation between historical values of Tech Mahindra's Cash And Short Term Investments and Common Stock is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash And Short Term Investments of Tech Mahindra Limited are associated (or correlated) with its Common Stock. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock has no effect on the direction of Cash And Short Term Investments i.e., Tech Mahindra's Cash And Short Term Investments and Common Stock go up and down completely randomly.

Correlation Coefficient

0.76
Relationship DirectionPositive 
Relationship StrengthSignificant

Cash And Short Term Investments

Short Term Investments is an account in the current assets section of Tech Mahindra Limited balance sheet. This account contains Tech Mahindra investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Tech Mahindra Limited fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.

Common Stock

Most indicators from Tech Mahindra's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Tech Mahindra Limited 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 Tech Mahindra 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 population.
At this time, Tech Mahindra's Tax Provision is very stable compared to the past year. As of the 11th of December 2024, Issuance Of Capital Stock is likely to grow to about 392.5 M, while Selling General Administrative is likely to drop about 10.8 B.
 2021 2022 2023 2024 (projected)
Gross Profit205.4B256.0B131.3B110.6B
Total Revenue446.5B532.9B520.0B546.0B

Tech Mahindra fundamental ratios Correlations

0.880.990.910.93-0.180.890.730.860.810.90.70.740.770.061.00.980.830.780.840.970.860.550.790.80.77
0.880.880.970.77-0.250.950.810.940.730.810.610.680.64-0.020.880.870.70.890.760.870.770.540.890.760.61
0.990.880.890.95-0.220.860.740.810.820.910.770.740.740.110.990.990.870.720.820.970.780.60.730.790.8
0.910.970.890.85-0.260.970.840.970.750.830.650.690.680.060.910.890.760.920.790.90.820.510.890.760.62
0.930.770.950.85-0.290.790.750.750.750.850.860.660.750.320.930.950.930.650.730.940.710.620.620.670.8
-0.18-0.25-0.22-0.26-0.29-0.29-0.69-0.260.2-0.03-0.510.260.18-0.48-0.18-0.18-0.33-0.330.25-0.32-0.08-0.03-0.190.26-0.17
0.890.950.860.970.79-0.290.850.980.670.740.570.580.62-0.020.890.840.680.960.780.890.870.40.940.760.57
0.730.810.740.840.75-0.690.850.830.40.590.690.320.370.260.740.710.680.820.50.790.640.310.720.460.48
0.860.940.810.970.75-0.260.980.830.620.690.510.540.650.010.860.790.640.970.770.840.870.370.950.720.5
0.810.730.820.750.750.20.670.40.620.950.520.970.68-0.180.80.870.640.50.830.740.640.560.570.830.78
0.90.810.910.830.85-0.030.740.590.690.950.650.930.69-0.070.890.950.760.590.820.840.680.570.620.820.77
0.70.610.770.650.86-0.510.570.690.510.520.650.460.450.630.690.770.880.420.380.760.370.590.370.330.73
0.740.680.740.690.660.260.580.320.540.970.930.460.64-0.220.720.80.580.430.780.640.530.540.490.80.66
0.770.640.740.680.750.180.620.370.650.680.690.450.640.060.750.740.70.530.770.660.650.610.530.670.53
0.06-0.020.110.060.32-0.48-0.020.260.01-0.18-0.070.63-0.220.060.050.090.42-0.04-0.20.12-0.120.2-0.13-0.330.19
1.00.880.990.910.93-0.180.890.740.860.80.890.690.720.750.050.980.810.780.850.970.870.520.80.810.77
0.980.870.990.890.95-0.180.840.710.790.870.950.770.80.740.090.980.870.70.820.960.780.610.720.790.81
0.830.70.870.760.93-0.330.680.680.640.640.760.880.580.70.420.810.870.540.590.850.50.720.480.540.74
0.780.890.720.920.65-0.330.960.820.970.50.590.420.430.53-0.040.780.70.540.650.780.850.280.960.620.39
0.840.760.820.790.730.250.780.50.770.830.820.380.780.77-0.20.850.820.590.650.760.810.420.710.950.55
0.970.870.970.90.94-0.320.890.790.840.740.840.760.640.660.120.970.960.850.780.760.810.550.790.730.77
0.860.770.780.820.71-0.080.870.640.870.640.680.370.530.65-0.120.870.780.50.850.810.810.20.890.710.54
0.550.540.60.510.62-0.030.40.310.370.560.570.590.540.610.20.520.610.720.280.420.550.20.330.460.59
0.790.890.730.890.62-0.190.940.720.950.570.620.370.490.53-0.130.80.720.480.960.710.790.890.330.690.46
0.80.760.790.760.670.260.760.460.720.830.820.330.80.67-0.330.810.790.540.620.950.730.710.460.690.53
0.770.610.80.620.8-0.170.570.480.50.780.770.730.660.530.190.770.810.740.390.550.770.540.590.460.53
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Tech Mahindra Account Relationship Matchups

Tech Mahindra fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets373.5B396.8B448.7B461.5B434.2B218.3B
Other Current Liab33.8B37.8B45.4B44.5B44.7B47.0B
Total Current Liabilities121.6B115.1B125.0B133.2B126.2B66.3B
Total Stockholder Equity218.1B248.7B268.9B279.2B266.7B280.0B
Property Plant And Equipment Net38.8B35.9B37.8B40.4B36.2B23.0B
Net Debt6.5B2.1B(11.7B)(13.2B)(18.1B)(17.2B)
Accounts Payable32.6B27.9B40.9B43.8B37.9B39.7B
Cash30.2B26.9B37.9B40.6B43.5B45.6B
Non Current Assets Total141.8B144.2B204.2B217.2B200.0B210.0B
Non Currrent Assets Other99.4B135.8B91.0B79.9B40.0B42.6B
Cash And Short Term Investments86.9B124.2B82.9B75.4B73.6B44.3B
Common Stock Shares Outstanding879.6M882.2M886.2M885.8M887.2M800.3M
Short Term Investments56.7B97.3B45.0B34.8B30.1B25.1B
Liabilities And Stockholders Equity373.5B396.8B448.7B461.5B434.2B218.3B
Other Current Assets28.5B29.5B29.7B29.3B30.9B18.3B
Other Stockholder Equity9.2B10.6B12.8B14.3B15.6B14.8B
Total Liab151.5B144.3B174.9B177.6B162.8B83.7B
Total Current Assets231.7B252.6B244.6B244.3B234.3B126.1B
Accumulated Other Comprehensive Income(70.9B)30.8B26.4B22.0B18.6B19.5B
Common Stock4.4B4.4B4.4B4.4B4.9B3.1B
Good Will33.9B40.1B74.3B76.7B75.1B78.9B
Short Long Term Debt Total36.7B29.0B26.2B27.4B25.4B17.8B
Net Receivables116.0B98.7B131.5B145.7B129.7B71.6B
Non Current Liabilities Total29.9B29.3B49.8B44.4B36.6B20.4B
Inventory358M242M405M236M375M279.1M
Intangible Assets15.1B14.5B36.6B32.7B28.4B29.8B
Short Term Debt26.4B19.3B17.6B18.2B17.6B14.0B
Current Deferred Revenue38.3B43.8B58.1B51.3B13.1B12.4B
Retained Earnings184.6B202.9B225.2B238.6B227.7B154.8B
Other Liab31.9B31.8B41.2B35.2B40.5B29.2B
Net Tangible Assets169.2B194.1B158.0B169.9B195.4B158.7B
Other Assets51.2B47.8B50.6B26.7B30.7B37.6B
Long Term Debt1.8B1.7B1.4B1.3B1.0B1.8B
Short Long Term Debt22.9B15.0B14.4B14.5B14.3B12.6B
Property Plant Equipment38.8B35.9B37.8B40.4B46.5B36.1B
Long Term Debt Total10.3B9.7B8.6B9.2B10.6B7.4B
Capital Surpluse9.2B10.6B12.9B14.3B12.9B11.9B
Capital Lease Obligations12.0B12.1B10.4B11.6B10.1B8.6B
Deferred Long Term Liab666M9.7B8.5B6.0B6.9B5.1B

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Other Information on Investing in Tech Stock

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