Tech Net Debt vs Other Current Assets Analysis

TECHM Stock   1,790  26.80  1.52%   
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 Net Debt and its Other Current Assets 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.

Net Debt vs Other Current Assets

Net Debt vs Other Current Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Tech Mahindra Limited Net Debt account and Other Current Assets. At this time, the significance of the direction appears to have almost no relationship.
The correlation between Tech Mahindra's Net Debt and Other Current Assets is 0.18. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Other Current Assets 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 Net Debt and Other Current 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 Net Debt of Tech Mahindra Limited are associated (or correlated) with its Other Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Assets has no effect on the direction of Net Debt i.e., Tech Mahindra's Net Debt and Other Current Assets go up and down completely randomly.

Correlation Coefficient

0.18
Relationship DirectionPositive 
Relationship StrengthInsignificant

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.

Other Current Assets

Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.
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 12th 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.