Adani Non Currrent Assets Other vs Common Stock Shares Outstanding Analysis

ATGL Stock   717.50  2.05  0.29%   
Adani Total financial indicator trend analysis is way more than just evaluating Adani Total Gas prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Adani Total Gas is a good investment. Please check the relationship between Adani Total Non Currrent Assets Other and its Common Stock Shares Outstanding accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Adani Total Gas. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Non Currrent Assets Other vs Common Stock Shares Outstanding

Non Currrent Assets Other vs Common Stock Shares Outstanding Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Adani Total Gas Non Currrent Assets Other account and Common Stock Shares Outstanding. At this time, the significance of the direction appears to have pay attention.
The correlation between Adani Total's Non Currrent Assets Other and Common Stock Shares Outstanding is -0.72. Overlapping area represents the amount of variation of Non Currrent Assets Other that can explain the historical movement of Common Stock Shares Outstanding in the same time period over historical financial statements of Adani Total Gas, assuming nothing else is changed. The correlation between historical values of Adani Total's Non Currrent Assets Other and Common Stock Shares Outstanding is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Non Currrent Assets Other of Adani Total Gas are associated (or correlated) with its Common Stock Shares Outstanding. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock Shares Outstanding has no effect on the direction of Non Currrent Assets Other i.e., Adani Total's Non Currrent Assets Other and Common Stock Shares Outstanding go up and down completely randomly.

Correlation Coefficient

-0.72
Relationship DirectionNegative 
Relationship StrengthWeak

Non Currrent Assets Other

Assets that are not physical or tangible, expected to provide value for more than one year, and not easily converted into cash, such as long-term investments or patents.

Common Stock Shares Outstanding

The total number of shares of a company's common stock that are currently owned by all its shareholders.
Most indicators from Adani Total's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Adani Total Gas 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 Adani Total Gas. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Selling General Administrative is likely to drop to about 268.2 M in 2024. Tax Provision is likely to drop to about 1.6 B in 2024
 2021 2022 2023 2024 (projected)
Interest Expense482.9M784.3M1.1B610.1M
Depreciation And Amortization827.3M1.1B1.6B836.8M

Adani Total fundamental ratios Correlations

0.970.90.910.890.880.960.90.76-0.190.90.870.390.70.63-0.410.490.60.990.310.990.710.830.72-0.790.58
0.970.810.910.840.860.990.840.79-0.190.860.80.460.740.6-0.40.550.590.980.320.990.740.90.67-0.640.51
0.90.810.940.970.940.830.970.76-0.190.970.970.210.730.64-0.620.350.440.870.240.860.560.710.84-0.820.57
0.910.910.940.950.960.920.950.86-0.190.970.920.430.820.58-0.60.550.40.920.250.920.630.880.78-0.720.58
0.890.840.970.950.990.841.00.87-0.041.00.980.30.80.74-0.730.350.540.880.290.880.640.710.91-0.790.44
0.880.860.940.960.990.850.990.920.010.990.960.370.830.75-0.760.390.550.890.280.880.640.740.91-0.720.4
0.960.990.830.920.840.850.840.75-0.320.860.790.410.750.53-0.370.580.520.970.320.980.720.930.64-0.640.56
0.90.840.970.951.00.990.840.87-0.041.00.980.30.80.74-0.730.350.540.880.290.880.640.710.9-0.790.44
0.760.790.760.860.870.920.750.870.20.880.820.560.820.77-0.790.460.590.780.360.790.710.670.85-0.520.18
-0.19-0.19-0.19-0.19-0.040.01-0.32-0.040.2-0.06-0.010.21-0.140.43-0.35-0.360.31-0.18-0.08-0.19-0.06-0.410.190.07-0.53
0.90.860.970.971.00.990.861.00.88-0.060.980.320.810.72-0.720.380.520.90.230.890.60.750.89-0.760.46
0.870.80.970.920.980.960.790.980.82-0.010.980.220.760.73-0.720.260.50.840.230.840.580.650.91-0.810.45
0.390.460.210.430.30.370.410.30.560.210.320.220.190.16-0.040.840.10.430.270.440.410.560.11-0.240.39
0.70.740.730.820.80.830.750.80.82-0.140.810.760.190.51-0.710.30.440.730.160.730.620.690.77-0.470.18
0.630.60.640.580.740.750.530.740.770.430.720.730.160.51-0.78-0.060.860.620.370.620.580.260.88-0.45-0.14
-0.41-0.4-0.62-0.6-0.73-0.76-0.37-0.73-0.79-0.35-0.72-0.72-0.04-0.71-0.780.09-0.51-0.41-0.22-0.41-0.42-0.22-0.90.340.21
0.490.550.350.550.350.390.580.350.46-0.360.380.260.840.3-0.060.09-0.070.520.310.540.440.770.04-0.290.67
0.60.590.440.40.540.550.520.540.590.310.520.50.10.440.86-0.51-0.070.60.510.60.720.230.64-0.37-0.24
0.990.980.870.920.880.890.970.880.78-0.180.90.840.430.730.62-0.410.520.60.290.990.710.870.69-0.730.55
0.310.320.240.250.290.280.320.290.36-0.080.230.230.270.160.37-0.220.310.510.290.330.80.210.25-0.26-0.03
0.990.990.860.920.880.880.980.880.79-0.190.890.840.440.730.62-0.410.540.60.990.330.740.870.7-0.730.55
0.710.740.560.630.640.640.720.640.71-0.060.60.580.410.620.58-0.420.440.720.710.80.740.590.56-0.530.14
0.830.90.710.880.710.740.930.710.67-0.410.750.650.560.690.26-0.220.770.230.870.210.870.590.43-0.520.68
0.720.670.840.780.910.910.640.90.850.190.890.910.110.770.88-0.90.040.640.690.250.70.560.43-0.610.08
-0.79-0.64-0.82-0.72-0.79-0.72-0.64-0.79-0.520.07-0.76-0.81-0.24-0.47-0.450.34-0.29-0.37-0.73-0.26-0.73-0.53-0.52-0.61-0.63
0.580.510.570.580.440.40.560.440.18-0.530.460.450.390.18-0.140.210.67-0.240.55-0.030.550.140.680.08-0.63
Click cells to compare fundamentals

Adani Total Account Relationship Matchups

Adani Total fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets24.8B32.0B44.2B56.5B65.9B33.4B
Short Long Term Debt Total4.3B5.3B10.4B14.2B15.6B7.8B
Other Current Liab4.4B5.9B7.4B7.7B8.7B9.1B
Total Current Liabilities5.9B8.1B14.6B21.9B18.1B19.0B
Total Stockholder Equity14.7B19.3B24.2B29.4B35.8B37.6B
Property Plant And Equipment Net15.1B20.4B28.7B39.2B46.3B48.6B
Net Debt3.4B5.2B10.0B14.1B14.2B7.1B
Retained Earnings12.1B16.8B21.6B26.8B33.2B34.8B
Accounts Payable423.6M324.1M673.7M3.1B3.4B3.6B
Cash886.2M102.3M311.3M120.4M1.4B1.4B
Non Current Assets Total19.2B29.8B40.5B47.9B55.6B58.4B
Non Currrent Assets Other855.1M803.5M1.2B1.2B1.8B1.9B
Cash And Short Term Investments886.5M102.6M312.7M4.3B1.4B1.2B
Net Receivables781.4M1.2B2.2B3.2B4.1B4.3B
Liabilities And Stockholders Equity24.8B32.0B44.2B56.5B65.9B33.4B
Non Current Liabilities Total4.1B4.6B5.3B5.1B12.0B6.6B
Inventory413M520.1M767.8M909.6M991.7M615.1M
Other Current Assets3.5B404.3M376.5M4.0B3.8B2.9B
Total Liab10.1B12.7B20.0B27.0B30.1B15.6B
Total Current Assets5.6B2.2B3.6B8.6B10.3B6.1B
Short Term Debt1.1B1.8B6.5B11.1B6.0B3.8B
Intangible Assets75M101.7M76.2M86.7M230.4M241.9M
Current Deferred Revenue3.6B4.4B5.4B7.5B308.6M293.2M
Other Liab956M1.2B1.5B2.0B1.8B1.5B
Net Tangible Assets14.4B19.0B23.8B29.1B33.4B17.6B
Other Assets966.2M4.5B4.8B1.5B1.4B2.6B
Long Term Debt3.0B3.1B3.5B2.7B8.8B9.3B
Short Long Term Debt1.1B1.2B6.4B11.0B5.9B4.0B
Property Plant Equipment15.1B20.4B28.7B39.2B45.1B47.3B
Net Invested Capital18.7B23.6B34.1B43.1B50.5B31.0B
Net Working Capital(330.2M)(5.8B)(11.0B)(13.4B)(7.8B)(7.4B)
Capital Lease Obligations252.5M408.4M396.9M502M857.6M443.2M

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