3MINDIA Stock | | | 30,686 618.95 1.98% |
3M India financial indicator trend analysis is way more than just evaluating 3M India Limited prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether 3M India Limited is a good investment. Please check the relationship between 3M India Short Long Term Debt Total and its Short Term Debt accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in 3M India 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 unemployment.
Short Long Term Debt Total vs Short Term Debt
Short Long Term Debt Total vs Short Term Debt Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
3M India Limited Short Long Term Debt Total account and
Short Term Debt. At this time, the significance of the direction appears to have very strong relationship.
The correlation between 3M India's Short Long Term Debt Total and Short Term Debt is 0.86. Overlapping area represents the amount of variation of Short Long Term Debt Total that can explain the historical movement of Short Term Debt in the same time period over historical financial statements of 3M India Limited, assuming nothing else is changed. The correlation between historical values of 3M India's Short Long Term Debt Total and Short Term 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 Short Long Term Debt Total of 3M India Limited are associated (or correlated) with its Short Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Term Debt has no effect on the direction of Short Long Term Debt Total i.e., 3M India's Short Long Term Debt Total and Short Term Debt go up and down completely randomly.
Correlation Coefficient | 0.86 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Short Long Term Debt Total
Short Term Debt
Most indicators from 3M India's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into 3M India 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
Trending Equities to better understand how to build diversified portfolios, which includes a position in 3M India 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 unemployment.
As of November 25, 2024,
Selling General Administrative is expected to decline to about 221.8
M. In addition to that,
Tax Provision is expected to decline to about 1.5
B3M India fundamental ratios Correlations
Click cells to compare fundamentals
3M India Account Relationship Matchups
High Positive Relationship
High Negative Relationship
3M India fundamental ratios Accounts
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Other Information on Investing in 3MINDIA Stock
Balance Sheet is a snapshot of the
financial position of 3M India Limited at a specified time, usually calculated after every quarter, six months, or one year. 3M India Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of 3M India 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 3MINDIA currently owns. An asset can also be divided into two categories, current and non-current.