Aarti Interest Income vs Reconciled Depreciation Analysis

AARTISURF   638.70  10.35  1.59%   
Aarti Surfactants financial indicator trend analysis is way more than just evaluating Aarti Surfactants prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Aarti Surfactants is a good investment. Please check the relationship between Aarti Surfactants Interest Income and its Reconciled Depreciation accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Aarti Surfactants 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 gross domestic product.

Interest Income vs Reconciled Depreciation

Interest Income vs Reconciled Depreciation Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Aarti Surfactants Interest Income account and Reconciled Depreciation. At this time, the significance of the direction appears to have strong relationship.
The correlation between Aarti Surfactants' Interest Income and Reconciled Depreciation is 0.72. Overlapping area represents the amount of variation of Interest Income that can explain the historical movement of Reconciled Depreciation in the same time period over historical financial statements of Aarti Surfactants Limited, assuming nothing else is changed. The correlation between historical values of Aarti Surfactants' Interest Income and Reconciled Depreciation 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 Income of Aarti Surfactants Limited are associated (or correlated) with its Reconciled Depreciation. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Reconciled Depreciation has no effect on the direction of Interest Income i.e., Aarti Surfactants' Interest Income and Reconciled Depreciation go up and down completely randomly.

Correlation Coefficient

0.72
Relationship DirectionPositive 
Relationship StrengthSignificant

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.

Reconciled Depreciation

Most indicators from Aarti Surfactants' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Aarti Surfactants 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 Aarti Surfactants 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 gross domestic product.
Tax Provision is likely to gain to about 114 M in 2024, whereas Selling General Administrative is likely to drop slightly above 18.7 M in 2024.
 2021 2022 2023 2024 (projected)
Interest Expense103.2M147.9M140.3M111.9M
Depreciation And Amortization124.5M154.9M160.4M138.5M

Aarti Surfactants fundamental ratios Correlations

0.810.610.930.70.930.470.970.790.760.950.910.870.990.990.00.850.660.980.60.90.950.78-0.060.930.98
0.810.570.930.250.650.110.830.690.990.620.770.720.840.840.170.930.740.760.190.880.60.9-0.270.920.81
0.610.570.590.070.6-0.230.780.890.570.520.50.370.660.680.440.760.170.440.30.850.590.71-0.640.760.47
0.930.930.590.440.750.310.910.740.90.780.940.830.940.950.220.950.650.880.390.930.780.93-0.240.970.9
0.70.250.070.440.780.810.560.320.170.860.550.670.650.61-0.560.230.490.790.760.330.820.130.560.380.76
0.930.650.60.750.780.470.90.750.590.950.750.780.90.88-0.150.70.630.920.560.790.940.590.00.790.92
0.470.11-0.230.310.810.470.24-0.130.060.540.520.340.440.35-0.540.110.160.590.550.090.50.080.620.180.58
0.970.830.780.910.560.90.240.910.790.90.840.830.970.980.120.890.640.90.560.960.920.82-0.230.960.91
0.790.690.890.740.320.75-0.130.910.650.740.620.720.790.850.330.790.530.670.430.90.790.71-0.460.850.67
0.760.990.570.90.170.590.060.790.650.550.730.630.80.790.190.920.690.690.130.860.530.91-0.30.890.75
0.950.620.520.780.860.950.540.90.740.550.790.870.920.92-0.20.650.650.950.750.760.990.550.140.780.94
0.910.770.50.940.550.750.520.840.620.730.790.780.910.910.220.870.470.90.440.840.80.86-0.180.90.88
0.870.720.370.830.670.780.340.830.720.630.870.780.820.880.020.670.830.90.490.730.850.590.010.780.86
0.990.840.660.940.650.90.440.970.790.80.920.910.820.980.010.880.620.950.610.920.920.82-0.090.940.97
0.990.840.680.950.610.880.350.980.850.790.920.910.880.980.10.890.660.940.580.940.930.83-0.160.960.94
0.00.170.440.22-0.56-0.15-0.540.120.330.19-0.20.220.020.010.10.39-0.24-0.12-0.430.34-0.090.47-0.930.29-0.17
0.850.930.760.950.230.70.110.890.790.920.650.870.670.880.890.390.510.760.230.970.680.99-0.490.980.78
0.660.740.170.650.490.630.160.640.530.690.650.470.830.620.66-0.240.510.710.230.540.580.420.170.60.72
0.980.760.440.880.790.920.590.90.670.690.950.90.90.950.94-0.120.760.710.580.80.930.680.080.850.99
0.60.190.30.390.760.560.550.560.430.130.750.440.490.610.58-0.430.230.230.580.360.730.170.450.380.6
0.90.880.850.930.330.790.090.960.90.860.760.840.730.920.940.340.970.540.80.360.790.93-0.460.990.82
0.950.60.590.780.820.940.50.920.790.530.990.80.850.920.93-0.090.680.580.930.730.790.580.040.80.91
0.780.90.710.930.130.590.080.820.710.910.550.860.590.820.830.470.990.420.680.170.930.58-0.520.950.71
-0.06-0.27-0.64-0.240.560.00.62-0.23-0.46-0.30.14-0.180.01-0.09-0.16-0.93-0.490.170.080.45-0.460.04-0.52-0.370.1
0.930.920.760.970.380.790.180.960.850.890.780.90.780.940.960.290.980.60.850.380.990.80.95-0.370.87
0.980.810.470.90.760.920.580.910.670.750.940.880.860.970.94-0.170.780.720.990.60.820.910.710.10.87
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Aarti Surfactants Account Relationship Matchups

Aarti Surfactants fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets2.6B3.8B4.0B4.0B4.2B3.9B
Short Long Term Debt Total902.7M1.3B1.4B1.5B992.1M1.3B
Other Current Liab144.2M98.6M201.3M53.9M84.3M109.6M
Total Current Liabilities949.4M1.5B1.5B1.5B1.3B1.4B
Total Stockholder Equity1.1B1.3B1.4B1.7B2.2B1.7B
Property Plant And Equipment Net1.6B2.1B2.2B2.2B2.2B2.1B
Current Deferred Revenue155.2M124.7M172.0M52.6M31.2M32.7M
Net Debt901.6M1.3B1.4B1.4B928.9M1.3B
Accounts Payable192.4M781.1M701.7M570.1M673.0M605.5M
Cash1.0M67.3M13.8M76.9M63.1M40.8M
Non Current Assets Total1.7B2.1B2.3B2.2B2.2B2.2B
Non Currrent Assets Other(1.7B)46.6M1K1.8M66.7M70.1M
Other Assets26.3M46.5M26.8M1.00.90.86
Long Term Debt300.9M886.9M1.1B733.4M479.3M688.3M
Cash And Short Term Investments1.0M67.3M13.8M273.1M63.1M76.7M
Net Receivables179.2M544.3M544.7M653.6M701.1M536.9M
Liabilities And Stockholders Equity2.6B3.8B4.0B4.0B4.2B3.9B
Non Current Liabilities Total564.0M976.1M1.2B879.3M749.9M864.7M
Inventory564.9M731.9M748.2M773.3M992.1M795.2M
Other Current Assets198.5M410.3M442.8M319.7M238.7M335.0M
Other Stockholder Equity(1.1B)(1.3B)(1.4B)194.5M480.3M504.3M
Total Liab1.5B2.5B2.7B2.3B2.0B2.3B
Net Invested Capital2.0B2.8B3.0B3.2B3.2B3.0B
Short Long Term Debt601.8M570.5M561.5M757.9M492.9M486.8M
Total Current Assets943.6M1.7B1.7B1.8B2.0B1.7B
Net Working Capital(5.8M)191.2M259.5M383.8M702.8M738.0M
Short Term Debt590.8M667.7M535.5M757.9M496.1M495.3M

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