| BANKBARODA | | | 246.41 0.01 0% |
Bank of Baroda financial indicator trend analysis is way more than just evaluating Bank of Baroda prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Bank of Baroda is a good investment. Please check the relationship between Bank of Baroda Accounts Payable and its Net Tangible Assets accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Bank of Baroda. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in bureau of labor statistics.
Accounts Payable vs Net Tangible Assets
Accounts Payable vs Net Tangible Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Bank of Baroda Accounts Payable account and
Net Tangible Assets. At this time, the significance of the direction appears to have strong relationship.
The correlation between Bank of Baroda's Accounts Payable and Net Tangible Assets is 0.78. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Net Tangible Assets in the same time period over historical financial statements of Bank of Baroda, assuming nothing else is changed. The correlation between historical values of Bank of Baroda's Accounts Payable and Net Tangible Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Accounts Payable of Bank of Baroda are associated (or correlated) with its Net Tangible Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Tangible Assets has no effect on the direction of Accounts Payable i.e., Bank of Baroda's Accounts Payable and Net Tangible Assets go up and down completely randomly.
Correlation Coefficient | 0.78 |
| Relationship Direction | Positive |
| Relationship Strength | Significant |
Accounts Payable
An accounting item on the balance sheet that represents Bank of Baroda obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Bank of Baroda are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.
Net Tangible Assets
The total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company.
Most indicators from Bank of Baroda's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Bank of Baroda 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 Bank of Baroda. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in bureau of labor statistics.
As of 12/02/2024,
Selling General Administrative is likely to grow to about 5.2
B. Also,
Tax Provision is likely to grow to about 77.6
BBank of Baroda fundamental ratios Correlations
Click cells to compare fundamentals
Bank of Baroda Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Bank of Baroda fundamental ratios Accounts
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Additional Tools for Bank Stock Analysis
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measure Bank of Baroda's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Bank of Baroda is operating at the current time. Most of Bank of Baroda's value examination focuses on studying past and present price action to
predict the probability of Bank of Baroda's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Bank of Baroda's price. Additionally, you may evaluate how the addition of Bank of Baroda to your portfolios can decrease your overall portfolio volatility.