CEAT Accounts Payable vs Good Will Analysis

CEATLTD Stock   2,702  57.60  2.18%   
CEAT financial indicator trend analysis is way more than just evaluating CEAT Limited prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether CEAT Limited is a good investment. Please check the relationship between CEAT Accounts Payable and its Good Will accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in CEAT 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 bureau of economic analysis.

Accounts Payable vs Good Will

Accounts Payable vs Good Will Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of CEAT Limited Accounts Payable account and Good Will. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between CEAT's Accounts Payable and Good Will is -0.02. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Good Will in the same time period over historical financial statements of CEAT Limited, assuming nothing else is changed. The correlation between historical values of CEAT's Accounts Payable and Good Will 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 CEAT Limited are associated (or correlated) with its Good Will. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Good Will has no effect on the direction of Accounts Payable i.e., CEAT's Accounts Payable and Good Will go up and down completely randomly.

Correlation Coefficient

-0.02
Relationship DirectionNegative 
Relationship StrengthInsignificant

Accounts Payable

An accounting item on the balance sheet that represents CEAT 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 CEAT Limited 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.

Good Will

An intangible asset that arises when a company acquires another business for more than the fair market value of its net identifiable assets, representing the value of the brand, customer base, and other intangible factors.
Most indicators from CEAT's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into CEAT Limited 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 CEAT 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 bureau of economic analysis.
The current year's Selling General Administrative is expected to grow to about 1.8 B. The current year's Tax Provision is expected to grow to about 2.1 B
 2022 2023 2024 2025 (projected)
Gross Profit39.3B47.5B54.6B57.3B
Total Revenue113.1B117.8B135.5B142.3B

CEAT fundamental ratios Correlations

0.760.80.960.971.00.760.98-0.361.0-0.22-0.580.780.76-0.490.780.750.730.460.980.790.780.95-0.270.80.23
0.760.840.730.640.771.00.65-0.370.77-0.23-0.620.840.44-0.540.920.830.590.360.810.820.470.68-0.410.870.35
0.80.840.710.760.810.850.76-0.60.820.01-0.470.760.66-0.320.910.810.680.490.80.810.620.69-0.460.940.1
0.960.730.710.880.950.720.92-0.240.94-0.24-0.540.80.61-0.480.650.670.660.230.980.770.640.99-0.070.680.45
0.970.640.760.880.960.640.99-0.350.97-0.22-0.530.710.86-0.440.730.720.760.590.910.750.880.88-0.320.750.08
1.00.770.810.950.960.770.97-0.381.0-0.21-0.590.780.75-0.50.80.750.750.460.990.780.770.94-0.280.810.23
0.761.00.850.720.640.770.65-0.420.77-0.2-0.620.830.45-0.520.930.830.590.370.810.810.470.68-0.430.890.33
0.980.650.760.920.990.970.65-0.340.98-0.13-0.490.720.84-0.40.710.690.770.510.940.750.830.92-0.240.740.19
-0.36-0.37-0.6-0.24-0.35-0.38-0.42-0.34-0.4-0.350.22-0.16-0.39-0.05-0.56-0.24-0.34-0.27-0.36-0.17-0.21-0.250.48-0.570.22
1.00.770.820.940.971.00.770.98-0.4-0.19-0.590.770.77-0.490.80.740.750.470.980.780.770.93-0.30.820.21
-0.22-0.230.01-0.24-0.22-0.21-0.2-0.13-0.35-0.190.59-0.410.050.7-0.1-0.470.0-0.11-0.21-0.35-0.27-0.20.07-0.050.05
-0.58-0.62-0.47-0.54-0.53-0.59-0.62-0.490.22-0.590.59-0.54-0.270.96-0.57-0.7-0.39-0.1-0.59-0.49-0.34-0.480.37-0.560.03
0.780.840.760.80.710.780.830.72-0.160.77-0.41-0.540.53-0.520.730.890.590.30.80.980.620.79-0.20.690.45
0.760.440.660.610.860.750.450.84-0.390.770.05-0.270.53-0.170.620.560.760.660.670.620.920.64-0.30.62-0.04
-0.49-0.54-0.32-0.48-0.44-0.5-0.52-0.4-0.05-0.490.70.96-0.52-0.17-0.44-0.66-0.31-0.03-0.5-0.46-0.29-0.420.25-0.42-0.03
0.780.920.910.650.730.80.930.71-0.560.8-0.1-0.570.730.62-0.440.830.630.580.780.760.610.62-0.590.960.03
0.750.830.810.670.720.750.830.69-0.240.74-0.47-0.70.890.56-0.660.830.530.480.740.920.680.63-0.460.80.08
0.730.590.680.660.760.750.590.77-0.340.750.0-0.390.590.76-0.310.630.530.550.690.630.680.66-0.10.620.26
0.460.360.490.230.590.460.370.51-0.270.47-0.11-0.10.30.66-0.030.580.480.550.350.430.760.22-0.50.54-0.36
0.980.810.80.980.910.990.810.94-0.360.98-0.21-0.590.80.67-0.50.780.740.690.350.790.680.96-0.230.80.33
0.790.820.810.770.750.780.810.75-0.170.78-0.35-0.490.980.62-0.460.760.920.630.430.790.720.76-0.220.720.36
0.780.470.620.640.880.770.470.83-0.210.77-0.27-0.340.620.92-0.290.610.680.680.760.680.720.65-0.290.59-0.06
0.950.680.690.990.880.940.680.92-0.250.93-0.2-0.480.790.64-0.420.620.630.660.220.960.760.65-0.020.630.45
-0.27-0.41-0.46-0.07-0.32-0.28-0.43-0.240.48-0.30.070.37-0.2-0.30.25-0.59-0.46-0.1-0.5-0.23-0.22-0.29-0.02-0.650.48
0.80.870.940.680.750.810.890.74-0.570.82-0.05-0.560.690.62-0.420.960.80.620.540.80.720.590.63-0.650.01
0.230.350.10.450.080.230.330.190.220.210.050.030.45-0.04-0.030.030.080.26-0.360.330.36-0.060.450.480.01
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CEAT Account Relationship Matchups

CEAT fundamental ratios Accounts

202020212022202320242025 (projected)
Total Assets81.3B91.6B96.3B99.9B114.9B120.7B
Short Long Term Debt Total15.3B22.3B23.0B17.9B20.6B12.2B
Other Current Liab14.0B14.2B11.1B12.1B13.9B8.3B
Total Current Liabilities30.5B36.6B41.4B43.3B49.8B52.3B
Total Stockholder Equity33.2B32.7B34.4B40.4B46.5B48.8B
Property Plant And Equipment Net54.3B60.7B65.8B68.3B78.6B82.5B
Net Debt15.0B22.1B22.3B17.4B20.0B11.4B
Retained Earnings24.7B24.7B26.4B32.5B37.3B39.2B
Cash360.9M237.7M606.2M551.6M496.4M576.0M
Non Current Assets Total58.9B65.2B69.4B72.6B83.4B87.6B
Non Currrent Assets Other1.2B1.3B761.8M1.2B1.1B1.2B
Cash And Short Term Investments729.4M326.4M1.2B565.9M509.3M483.8M
Net Receivables9.6B12.2B13.9B12.8B14.8B7.6B
Short Term Investments368.5M88.7M543.8M14.3M12.9M12.2M
Liabilities And Stockholders Equity81.3B91.6B96.3B99.9B114.9B120.7B
Non Current Liabilities Total17.5B22.0B20.3B16.1B18.5B11.2B
Inventory11.3B13.1B11.4B11.5B13.2B7.0B
Other Current Assets1.5B1.5B1.7B2.5B2.9B1.8B
Total Liab47.9B58.6B61.7B59.4B68.3B71.8B
Total Current Assets22.4B26.4B26.9B27.4B31.5B17.6B
Accumulated Other Comprehensive Income2.3B1.8B1.8B1.9B2.2B2.3B
Accounts Payable14.8B17.8B22.7B23.3B26.8B28.2B
Intangible Assets1.2B1.3B1.2B986.2M1.1B962.3M
Short Term Debt1.2B4.3B7.2B7.3B8.4B4.6B
Current Deferred Revenue8.6B9.6B10.0B408.6M469.9M446.4M
Other Liab2.6B4.2B3.4B4.0B4.6B2.9B
Net Tangible Assets26.6B27.9B31.9B31.4B36.1B25.9B
Other Assets1.1B1.2B1.3B254.5M292.7M278.0M
Long Term Debt13.4B17.2B14.4B9.6B11.0B11.0B
Short Long Term Debt210M3.8B6.5B6.7B7.7B4.1B
Property Plant Equipment51.1B54.3B60.7B65.8B75.6B42.1B
Long Term Debt Total17.0B14.1B18.0B15.7B18.1B13.2B
Cash And Equivalents23.1M137.5M84.7M58.1M52.3M49.7M
Net Invested Capital46.8B53.7B55.3B56.7B65.2B53.2B

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Other Information on Investing in CEAT Stock

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