Anand Total Other Income Expense Net vs Interest Expense Analysis

ANANDRATHI   4,169  13.10  0.32%   
Anand Rathi financial indicator trend analysis is way more than just evaluating Anand Rathi Wealth prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Anand Rathi Wealth is a good investment. Please check the relationship between Anand Rathi Total Other Income Expense Net and its Interest Expense accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Anand Rathi Wealth. 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.

Total Other Income Expense Net vs Interest Expense

Total Other Income Expense Net vs Interest Expense Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Anand Rathi Wealth Total Other Income Expense Net account and Interest Expense. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Anand Rathi's Total Other Income Expense Net and Interest Expense is -0.54. Overlapping area represents the amount of variation of Total Other Income Expense Net that can explain the historical movement of Interest Expense in the same time period over historical financial statements of Anand Rathi Wealth, assuming nothing else is changed. The correlation between historical values of Anand Rathi's Total Other Income Expense Net and Interest Expense 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 Other Income Expense Net of Anand Rathi Wealth are associated (or correlated) with its Interest Expense. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Interest Expense has no effect on the direction of Total Other Income Expense Net i.e., Anand Rathi's Total Other Income Expense Net and Interest Expense go up and down completely randomly.

Correlation Coefficient

-0.54
Relationship DirectionNegative 
Relationship StrengthVery Weak

Total Other Income Expense Net

Interest Expense

The cost incurred by an entity for borrowed funds, including loans, bonds, or lines of credit.
Most indicators from Anand Rathi's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Anand Rathi Wealth 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 Anand Rathi Wealth. 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.
The current year's Selling General Administrative is expected to grow to about 232.4 M, whereas Tax Provision is forecasted to decline to about 456.2 M.
 2021 2022 2023 2024 (projected)
Gross Profit2.4B3.1B4.3B4.5B
Total Revenue4.2B5.5B7.5B7.9B

Anand Rathi fundamental ratios Correlations

0.890.940.970.030.980.660.830.770.620.750.480.690.910.530.940.960.780.790.770.90.87-0.240.840.720.39
0.890.950.880.320.870.480.770.540.320.640.730.470.860.260.930.890.770.810.830.810.8-0.150.750.630.35
0.940.950.870.210.880.560.830.710.570.650.670.620.850.520.980.880.730.860.830.880.92-0.180.840.620.38
0.970.880.870.011.00.620.780.670.460.770.430.560.930.40.880.980.790.70.710.830.76-0.240.770.750.37
0.030.320.210.010.01-0.56-0.160.03-0.29-0.280.46-0.150.23-0.260.220.15-0.090.190.23-0.060.270.64-0.03-0.120.08
0.980.870.881.00.010.620.770.720.530.760.420.590.940.450.890.980.770.70.70.840.8-0.230.770.740.37
0.660.480.560.62-0.560.620.890.360.50.740.330.730.350.350.610.460.80.680.670.820.42-0.670.790.520.3
0.830.770.830.78-0.160.770.890.490.50.810.640.80.570.370.860.670.920.920.910.980.69-0.420.940.650.31
0.770.540.710.670.030.720.360.490.870.430.050.650.720.790.70.730.390.510.420.630.83-0.130.660.440.33
0.620.320.570.46-0.290.530.50.50.870.430.010.710.440.910.560.470.290.450.320.60.74-0.240.610.370.18
0.750.640.650.77-0.280.760.740.810.430.430.420.650.540.340.670.680.870.630.610.820.55-0.320.770.96-0.16
0.480.730.670.430.460.420.330.640.050.010.420.420.38-0.070.70.410.60.780.810.620.560.040.560.380.12
0.690.470.620.56-0.150.590.730.80.650.710.650.420.40.50.730.490.720.810.740.850.7-0.320.890.520.2
0.910.860.850.930.230.940.350.570.720.440.540.380.40.410.830.980.570.580.580.670.79-0.080.580.580.46
0.530.260.520.4-0.260.450.350.370.790.910.34-0.070.50.410.460.410.130.310.170.460.68-0.120.470.310.12
0.940.930.980.880.220.890.610.860.70.560.670.70.730.830.460.860.780.910.90.920.92-0.190.890.620.4
0.960.890.880.980.150.980.460.670.730.470.680.410.490.980.410.860.690.640.650.760.8-0.130.690.710.36
0.780.770.730.79-0.090.770.80.920.390.290.870.60.720.570.130.780.690.830.860.90.54-0.440.890.760.18
0.790.810.860.70.190.70.680.920.510.450.630.780.810.580.310.910.640.830.980.940.78-0.20.930.50.39
0.770.830.830.710.230.70.670.910.420.320.610.810.740.580.170.90.650.860.980.910.72-0.210.90.490.41
0.90.810.880.83-0.060.840.820.980.630.60.820.620.850.670.460.920.760.90.940.910.8-0.330.970.690.32
0.870.80.920.760.270.80.420.690.830.740.550.560.70.790.680.920.80.540.780.720.80.040.770.550.28
-0.24-0.15-0.18-0.240.64-0.23-0.67-0.42-0.13-0.24-0.320.04-0.32-0.08-0.12-0.19-0.13-0.44-0.2-0.21-0.330.04-0.33-0.13-0.3
0.840.750.840.77-0.030.770.790.940.660.610.770.560.890.580.470.890.690.890.930.90.970.77-0.330.640.29
0.720.630.620.75-0.120.740.520.650.440.370.960.380.520.580.310.620.710.760.50.490.690.55-0.130.64-0.3
0.390.350.380.370.080.370.30.310.330.18-0.160.120.20.460.120.40.360.180.390.410.320.28-0.30.29-0.3
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Anand Rathi Account Relationship Matchups

Anand Rathi fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets4.1B3.4B4.8B6.2B8.8B9.2B
Other Current Liab1.4B376.3M834.5M1.0B1.6B1.7B
Total Current Liabilities1.6B540.4M975.5M1.2B1.8B1.9B
Total Stockholder Equity1.9B2.4B3.4B4.7B6.5B6.8B
Net Debt411.6M(178.2M)(478.6M)(234.5M)185.5M194.8M
Retained Earnings1.7B2.0B3.0B4.2B5.9B6.2B
Cash282.5M653.2M871.1M601.7M331.1M289.4M
Non Current Assets Total2.6B2.5B2.8B2.8B2.7B1.7B
Non Currrent Assets Other89.1M140.5M431.6M341.9M1.6B1.6B
Other Assets372.2M175.2M195.4M515.2M592.5M622.1M
Cash And Short Term Investments554.4M799.1M1.6B3.2B1.9B966.5M
Net Receivables913.8M124.7M157.9M394.0M320.4M248.1M
Common Stock Shares Outstanding41.6M41.5M41.7M41.9M41.6M28.8M
Liabilities And Stockholders Equity4.1B3.4B4.7B6.2B8.8B9.2B
Other Current Assets951.7M142.8M889.3M1.3B3.9B4.1B
Other Stockholder Equity56.1M79.6M259.2M428.8M515.6M541.3M
Total Liab2.1B865.0M1.2B1.4B2.2B2.3B
Total Current Assets1.5B941.5M2.0B3.5B6.1B6.4B
Common Stock135.1M137.6M208.1M208.4M209.1M117.3M
Accumulated Other Comprehensive Income(196.1M)(149.7M)(140.9M)(149.8M)(180.3M)(171.2M)
Non Current Liabilities Total520.3M324.5M272.7M265.4M414.9M260.5M
Short Long Term Debt Total694.1M474.9M392.5M367.2M516.7M424.3M
Property Plant And Equipment Net1.0B898.0M984.8M1.1B1.3B824.1M
Current Deferred Revenue1.3B275.9M179.1M910.7M1.4B1.5B
Accounts Payable16.6M2.0M(179.1M)3.1M206K216.3K
Short Term Investments271.9M145.9M728.0M2.6B1.5B931.1M
Inventory(266.5M)91K(93.5M)(1.3B)1.01.05
Short Term Debt195.5M162.1M141.0M140.6M168.5M126.4M
Intangible Assets373.3M321.8M271.2M222.6M174.0M241.9M
Other Liab11.0M21.6M11.6M21.3M19.1M22.8M
Net Tangible Assets814.8M1.5B2.1B3.1B3.6B3.8B
Property Plant Equipment387.6M993.9M891.2M939.3M1.1B717.2M
Long Term Debt333.6M249.6M166.1M84.9M1.3M1.2M
Capital Lease Obligations265.8M141.3M143.0M199.0M431.8M275.2M
Net Invested Capital2.3B2.7B3.7B4.9B6.6B3.9B
Short Long Term Debt94.7M84.0M83.4M83.3M83.6M80.8M
Capital Stock135.1M137.6M208.1M208.4M209.1M189.4M
Net Working Capital(93.2M)401.1M1.0B2.3B4.3B4.5B

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Other Information on Investing in Anand Stock

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