AksharChem Total Current Assets vs Long Term Debt Analysis

AKSHARCHEM

300.90 6.80 2.31%

AksharChem India financial indicator trend analysis is way more than just evaluating AksharChem India prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether AksharChem India is a good investment. Please check the relationship between AksharChem India Total Current Assets and its Long Term Debt accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in AksharChem 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 nation.

Total Current Assets vs Long Term Debt

Total Current Assets vs Long Term Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of AksharChem India Total Current Assets account and Long Term Debt. At this time, the significance of the direction appears to have almost no relationship.

The correlation between AksharChem India's Total Current Assets and Long Term Debt is 0.18. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Long Term Debt in the same time period over historical financial statements of AksharChem India Limited, assuming nothing else is changed. The correlation between historical values of AksharChem India's Total Current Assets and Long 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 Total Current Assets of AksharChem India Limited are associated (or correlated) with its Long Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Long Term Debt has no effect on the direction of Total Current Assets i.e., AksharChem India's Total Current Assets and Long Term Debt go up and down completely randomly.

Correlation Coefficient

0.18

Relationship Direction	Positive
Relationship Strength	Insignificant

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Total Current Assets

The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.

Long Term Debt

Long-term debt is a debt that AksharChem India has held for over one year. Long-term debt appears on AksharChem India Limited balance sheet and also includes long-term leases. The most common forms of long term debt are bonds payable, long-term notes payable, mortgage payable, pension liabilities, and lease liabilities. In the corporate world, long-term debt is generally used to fund big-ticket items, such as machinery, buildings, and land. The total of long-term debt reported on AksharChem India Limited balance sheet is the sum of the balances of all categories of long-term debt. Debt that is not due within the current year and is often considered to be financing activities that are to be repaid over several years.

Most indicators from AksharChem India's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into AksharChem 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in AksharChem 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 nation.

As of November 25, 2024, Selling General Administrative is expected to decline to about 34 M. In addition to that, Tax Provision is expected to decline to about 29.6 M

	2021	2022	2023	2024 (projected)
Total Operating Expenses	1.1B	740.7M	527.6M	444.7M
Cost Of Revenue	2.4B	2.6B	2.6B	1.6B

Total Operating Expenses Cost Of Revenue

AksharChem India fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Common Stock	Net Receivables	Current Deferred Revenue	Short Term Debt	Intangible Assets	Other Liab
Total Assets		0.37	0.43	0.75	0.99	0.87	0.31	0.99	0.74	0.01	0.99	0.1	0.15	0.9	0.66	0.88	0.54	0.0	0.82	0.95	0.91	0.45	0.12	0.17	0.52	0.9
Short Long Term Debt Total	0.37		0.04	0.64	0.25	0.56	0.97	0.3	0.41	-0.18	0.36	-0.1	-0.13	0.29	0.85	0.62	-0.13	0.32	0.72	0.36	0.36	0.53	0.06	0.75	0.2	0.55
Other Current Liab	0.43	0.04		0.34	0.44	0.16	-0.17	0.41	0.4	0.56	0.36	0.78	0.79	0.4	0.19	0.32	0.09	0.66	0.32	0.55	0.38	0.09	0.03	-0.33	-0.12	0.26
Total Current Liabilities	0.75	0.64	0.34		0.65	0.64	0.59	0.67	0.75	0.09	0.72	0.14	0.09	0.79	0.59	0.71	0.04	0.29	0.95	0.77	0.83	0.71	0.23	0.61	0.32	0.67
Total Stockholder Equity	0.99	0.25	0.44	0.65		0.85	0.19	0.99	0.69	0.02	0.98	0.11	0.18	0.88	0.59	0.85	0.63	-0.08	0.71	0.93	0.88	0.36	0.09	0.04	0.53	0.87
Property Plant And Equipment Net	0.87	0.56	0.16	0.64	0.85		0.57	0.86	0.7	-0.32	0.9	-0.22	-0.2	0.72	0.81	0.98	0.48	-0.06	0.74	0.73	0.74	0.29	-0.09	0.27	0.72	0.94
Net Debt	0.31	0.97	-0.17	0.59	0.19	0.57		0.25	0.39	-0.35	0.33	-0.32	-0.35	0.22	0.82	0.59	-0.14	0.18	0.68	0.25	0.28	0.48	0.01	0.8	0.31	0.53
Retained Earnings	0.99	0.3	0.41	0.67	0.99	0.86	0.25		0.67	0.02	0.98	0.07	0.15	0.87	0.62	0.86	0.59	-0.06	0.74	0.93	0.87	0.39	0.14	0.09	0.56	0.9
Accounts Payable	0.74	0.41	0.4	0.75	0.69	0.7	0.39	0.67		-0.33	0.77	0.0	-0.12	0.69	0.57	0.77	0.23	0.19	0.77	0.63	0.71	0.24	-0.39	0.22	0.49	0.67
Cash	0.01	-0.18	0.56	0.09	0.02	-0.32	-0.35	0.02	-0.33		-0.11	0.79	0.88	0.16	-0.24	-0.24	-0.15	0.46	-0.02	0.26	0.12	0.37	0.71	-0.16	-0.47	-0.2
Non Current Assets Total	0.99	0.36	0.36	0.72	0.98	0.9	0.33	0.98	0.77	-0.11		-0.02	0.03	0.86	0.67	0.9	0.54	-0.04	0.8	0.89	0.87	0.36	0.02	0.18	0.6	0.92
Non Currrent Assets Other	0.1	-0.1	0.78	0.14	0.11	-0.22	-0.32	0.07	0.0	0.79	-0.02		0.94	0.26	-0.1	-0.09	-0.02	0.52	0.05	0.34	0.24	0.23	0.31	-0.33	-0.57	-0.12
Cash And Short Term Investments	0.15	-0.13	0.79	0.09	0.18	-0.2	-0.35	0.15	-0.12	0.88	0.03	0.94		0.25	-0.1	-0.08	0.04	0.48	0.03	0.39	0.23	0.23	0.43	-0.34	-0.53	-0.06
Common Stock Shares Outstanding	0.9	0.29	0.4	0.79	0.88	0.72	0.22	0.87	0.69	0.16	0.86	0.26	0.25		0.46	0.73	0.44	0.01	0.74	0.92	0.98	0.61	0.22	0.17	0.37	0.69
Non Current Liabilities Total	0.66	0.85	0.19	0.59	0.59	0.81	0.82	0.62	0.57	-0.24	0.67	-0.1	-0.1	0.46		0.84	0.2	0.2	0.78	0.58	0.5	0.42	-0.02	0.45	0.4	0.81
Inventory	0.88	0.62	0.32	0.71	0.85	0.98	0.59	0.86	0.77	-0.24	0.9	-0.09	-0.08	0.73	0.84		0.42	0.09	0.8	0.77	0.75	0.32	-0.1	0.27	0.65	0.93
Other Current Assets	0.54	-0.13	0.09	0.04	0.63	0.48	-0.14	0.59	0.23	-0.15	0.54	-0.02	0.04	0.44	0.2	0.42		-0.56	0.12	0.51	0.41	-0.08	-0.04	-0.26	0.47	0.39
Other Stockholder Equity	0.0	0.32	0.66	0.29	-0.08	-0.06	0.18	-0.06	0.19	0.46	-0.04	0.52	0.48	0.01	0.2	0.09	-0.56		0.26	0.07	0.03	0.09	0.0	0.08	-0.25	0.02
Total Liab	0.82	0.72	0.32	0.95	0.71	0.74	0.68	0.74	0.77	-0.02	0.8	0.05	0.03	0.74	0.78	0.8	0.12	0.26		0.79	0.79	0.66	0.17	0.61	0.38	0.79
Total Current Assets	0.95	0.36	0.55	0.77	0.93	0.73	0.25	0.93	0.63	0.26	0.89	0.34	0.39	0.92	0.58	0.77	0.51	0.07	0.79		0.91	0.6	0.31	0.15	0.33	0.78
Common Stock	0.91	0.36	0.38	0.83	0.88	0.74	0.28	0.87	0.71	0.12	0.87	0.24	0.23	0.98	0.5	0.75	0.41	0.03	0.79	0.91		0.6	0.18	0.26	0.32	0.75
Net Receivables	0.45	0.53	0.09	0.71	0.36	0.29	0.48	0.39	0.24	0.37	0.36	0.23	0.23	0.61	0.42	0.32	-0.08	0.09	0.66	0.6	0.6		0.66	0.57	-0.05	0.32
Current Deferred Revenue	0.12	0.06	0.03	0.23	0.09	-0.09	0.01	0.14	-0.39	0.71	0.02	0.31	0.43	0.22	-0.02	-0.1	-0.04	0.0	0.17	0.31	0.18	0.66		0.22	-0.18	0.0
Short Term Debt	0.17	0.75	-0.33	0.61	0.04	0.27	0.8	0.09	0.22	-0.16	0.18	-0.33	-0.34	0.17	0.45	0.27	-0.26	0.08	0.61	0.15	0.26	0.57	0.22		0.16	0.3
Intangible Assets	0.52	0.2	-0.12	0.32	0.53	0.72	0.31	0.56	0.49	-0.47	0.6	-0.57	-0.53	0.37	0.4	0.65	0.47	-0.25	0.38	0.33	0.32	-0.05	-0.18	0.16		0.54
Other Liab	0.9	0.55	0.26	0.67	0.87	0.94	0.53	0.9	0.67	-0.2	0.92	-0.12	-0.06	0.69	0.81	0.93	0.39	0.02	0.79	0.78	0.75	0.32	0.0	0.3	0.54

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AksharChem India Account Relationship Matchups

AksharChem India fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	3.2B	3.6B	4.1B	3.7B	3.8B	2.2B
Short Long Term Debt Total	127.6M	147.9M	502.7M	246.3M	518.2M	544.1M
Other Current Liab	860K	74.4M	77.2M	54.0M	40.3M	40.6M
Total Current Liabilities	439.3M	602.1M	856.5M	519.7M	819.6M	499.9M
Total Stockholder Equity	2.7B	2.8B	2.8B	2.8B	2.6B	1.5B
Property Plant And Equipment Net	2.0B	2.4B	2.5B	2.4B	2.5B	2.6B
Net Debt	125.4M	133.5M	501.3M	244.8M	492.3M	516.9M
Retained Earnings	1.6B	1.7B	1.9B	1.8B	1.7B	951.0M
Accounts Payable	252.7M	379.5M	501.3M	383.1M	435.2M	278.1M
Cash	2.2M	14.4M	1.4M	1.5M	1.6M	1.5M
Non Current Assets Total	2.0B	2.4B	2.5B	2.5B	2.5B	1.3B
Non Currrent Assets Other	582.3M	(11K)	(3K)	36.4M	43.7M	77.9M
Cash And Short Term Investments	4.7M	16.0M	3.8M	17.8M	26.0M	24.7M
Liabilities And Stockholders Equity	3.2B	3.6B	4.1B	3.7B	3.8B	2.2B
Non Current Liabilities Total	136.9M	165.6M	406.0M	349.2M	393.5M	413.2M
Inventory	422.6M	579.6M	724.8M	593.4M	648.6M	681.0M
Other Current Assets	773.0M	218.2M	232.5M	183.6M	144.0M	175.8M
Other Stockholder Equity	(1.9B)	(2.0B)	959.5M	583.9M	671.5M	705.1M
Total Liab	576.2M	767.8M	1.3B	868.8M	1.2B	682.4M
Total Current Assets	1.2B	1.1B	1.5B	1.2B	1.3B	912.8M
Accumulated Other Comprehensive Income	(465.4M)	277.2M	277.9M	276.1M	276.0M	289.8M
Net Receivables	336.7M	312.9M	548.6M	374.4M	483.6M	443.6M
Current Deferred Revenue	58.1M	11.6M	46.2M	25.0M	521K	495.0K
Short Term Debt	127.6M	147.9M	273.2M	75.6M	339.4M	182.4M
Intangible Assets	3.7M	4.4M	4.0M	3.0M	2.2M	3.0M
Other Liab	136.9M	165.6M	181.0M	184.2M	211.8M	156.5M
Net Tangible Assets	2.6B	2.8B	2.8B	2.8B	3.2B	2.5B
Other Assets	114.7M	62.5M	61.5M	55.0M	63.2M	85.6M
Short Term Investments	2.5M	1.6M	2.4M	16.3M	19.4M	18.5M
Short Long Term Debt	127.6M	147.9M	277.7M	81.3M	343.5M	360.7M
Property Plant Equipment	1.9B	2.3B	2.5B	2.4B	2.8B	1.8B
Net Invested Capital	2.8B	2.9B	3.3B	3.0B	3.1B	3.2B
Net Working Capital	760.9M	539.6M	669.4M	649.1M	482.6M	552.5M

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Other Information on Investing in AksharChem Stock

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

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AksharChem Total Current Assets vs Long Term Debt Analysis

Total Current Assets vs Long Term Debt

Total Current Assets vs Long Term Debt Correlation Analysis

Correlation Coefficient

Total Current Assets

Long Term Debt

AksharChem India fundamental ratios Correlations

AksharChem India Account Relationship Matchups

High Positive Relationship

High Negative Relationship

AksharChem India fundamental ratios Accounts

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Total Stockholder Equity	+ 0.99	Total Assets
Retained Earnings	+ 0.99	Total Assets
Non Current Assets Total	+ 0.99	Total Assets
Retained Earnings	+ 0.99	Total Stockholder Equity
Non Current Assets Total	+ 0.98	Total Stockholder Equity
Inventory	+ 0.98	Property Plant And Equipment Net

Intangible Assets	- 0.57	Non Currrent Assets Other
Other Stockholder Equity	- 0.56	Other Current Assets
Intangible Assets	- 0.53	Cash And Short Term Investments
Intangible Assets	- 0.47	Cash
Current Deferred Revenue	- 0.39	Accounts Payable
Cash And Short Term Investments	- 0.35	Net Debt