CEAT Non Currrent Assets Other vs Other Stockholder Equity Analysis

CEATLTD Stock   3,078  105.30  3.54%   
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 Non Currrent Assets Other and its Other Stockholder Equity 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.

Non Currrent Assets Other vs Other Stockholder Equity

Non Currrent Assets Other vs Other Stockholder Equity Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of CEAT Limited Non Currrent Assets Other account and Other Stockholder Equity. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between CEAT's Non Currrent Assets Other and Other Stockholder Equity is -0.24. Overlapping area represents the amount of variation of Non Currrent Assets Other that can explain the historical movement of Other Stockholder Equity 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 Non Currrent Assets Other and Other Stockholder Equity 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 CEAT Limited are associated (or correlated) with its Other Stockholder Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Stockholder Equity has no effect on the direction of Non Currrent Assets Other i.e., CEAT's Non Currrent Assets Other and Other Stockholder Equity go up and down completely randomly.

Correlation Coefficient

-0.24
Relationship DirectionNegative 
Relationship StrengthInsignificant

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.

Other Stockholder Equity

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 8.9 B. The current year's Tax Provision is expected to grow to about 2.3 B
 2021 2022 2023 2024 (projected)
Gross Profit30.2B39.3B47.5B26.3B
Total Revenue91.4B113.1B117.8B59.7B

CEAT fundamental ratios Correlations

0.880.540.780.830.870.890.82-0.370.88-0.25-0.560.880.69-0.470.910.9-0.14-0.290.980.930.720.940.760.870.06
0.880.520.750.630.791.00.64-0.350.79-0.23-0.610.820.38-0.530.910.81-0.06-0.460.940.810.410.860.590.870.24
0.540.520.60.360.520.540.41-0.540.510.06-0.230.520.25-0.080.480.4-0.420.130.630.510.170.650.260.530.22
0.780.750.60.830.940.740.88-0.230.92-0.27-0.550.820.59-0.50.660.67-0.16-0.120.820.770.630.890.740.690.34
0.830.630.360.830.950.630.99-0.350.96-0.23-0.530.680.86-0.440.750.73-0.1-0.250.750.750.890.780.790.77-0.12
0.870.790.520.940.950.790.96-0.391.0-0.23-0.60.770.74-0.50.830.75-0.12-0.30.860.790.760.880.760.840.07
0.891.00.540.740.630.790.65-0.410.79-0.2-0.610.80.39-0.510.930.81-0.1-0.470.940.80.410.860.590.880.22
0.820.640.410.880.990.960.65-0.350.97-0.14-0.480.690.86-0.390.740.68-0.13-0.250.760.740.860.80.810.770.0
-0.37-0.35-0.54-0.23-0.35-0.39-0.41-0.35-0.41-0.350.21-0.08-0.36-0.06-0.55-0.220.50.35-0.37-0.14-0.18-0.31-0.18-0.560.3
0.880.790.510.920.961.00.790.97-0.41-0.2-0.590.760.76-0.490.840.75-0.14-0.320.860.780.770.870.770.850.05
-0.25-0.230.06-0.27-0.23-0.23-0.2-0.14-0.35-0.20.6-0.450.060.71-0.1-0.5-0.25-0.24-0.24-0.39-0.25-0.24-0.17-0.050.06
-0.56-0.61-0.23-0.55-0.53-0.6-0.61-0.480.21-0.590.6-0.57-0.260.96-0.56-0.710.150.26-0.57-0.49-0.33-0.53-0.5-0.550.1
0.880.820.520.820.680.770.80.69-0.080.76-0.45-0.570.47-0.560.690.85-0.22-0.020.910.940.560.930.70.670.34
0.690.380.250.590.860.740.390.86-0.360.760.06-0.260.47-0.160.570.49-0.09-0.20.570.580.920.630.760.55-0.14
-0.47-0.53-0.08-0.5-0.44-0.5-0.51-0.39-0.06-0.490.710.96-0.56-0.16-0.42-0.660.020.17-0.48-0.47-0.28-0.45-0.46-0.410.02
0.910.910.480.660.750.830.930.74-0.550.84-0.1-0.560.690.57-0.420.82-0.08-0.520.910.760.560.80.580.95-0.1
0.90.810.40.670.730.750.810.68-0.220.75-0.5-0.710.850.49-0.660.82-0.08-0.210.870.920.640.790.70.78-0.1
-0.14-0.06-0.42-0.16-0.1-0.12-0.1-0.130.5-0.14-0.250.15-0.22-0.090.02-0.08-0.08-0.04-0.16-0.080.08-0.22-0.13-0.22-0.05
-0.29-0.460.13-0.12-0.25-0.3-0.47-0.250.35-0.32-0.240.26-0.02-0.20.17-0.52-0.21-0.04-0.29-0.07-0.13-0.16-0.25-0.530.08
0.980.940.630.820.750.860.940.76-0.370.86-0.24-0.570.910.57-0.480.910.87-0.16-0.290.920.590.960.710.860.2
0.930.810.510.770.750.790.80.74-0.140.78-0.39-0.490.940.58-0.470.760.92-0.08-0.070.920.70.910.750.720.16
0.720.410.170.630.890.760.410.86-0.180.77-0.25-0.330.560.92-0.280.560.640.08-0.130.590.70.650.780.52-0.16
0.940.860.650.890.780.880.860.8-0.310.87-0.24-0.530.930.63-0.450.80.79-0.22-0.160.960.910.650.760.750.32
0.760.590.260.740.790.760.590.81-0.180.77-0.17-0.50.70.76-0.460.580.7-0.13-0.250.710.750.780.760.580.22
0.870.870.530.690.770.840.880.77-0.560.85-0.05-0.550.670.55-0.410.950.78-0.22-0.530.860.720.520.750.58-0.11
0.060.240.220.34-0.120.070.220.00.30.050.060.10.34-0.140.02-0.1-0.1-0.050.080.20.16-0.160.320.22-0.11
Click cells to compare fundamentals

CEAT Account Relationship Matchups

CEAT fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets73.5B81.3B91.6B96.3B99.9B50.2B
Short Long Term Debt Total20.4B15.3B22.3B23.0B17.9B12.2B
Other Current Liab517.3M14.0B14.2B11.1B12.1B6.2B
Total Current Liabilities23.0B30.5B36.6B41.4B43.3B45.5B
Total Stockholder Equity29.1B33.2B32.7B34.4B40.4B42.4B
Property Plant And Equipment Net51.1B54.3B60.7B65.8B68.3B71.7B
Net Debt20.1B15.0B22.1B22.3B17.4B11.4B
Retained Earnings20.3B24.7B24.7B26.4B32.5B34.1B
Cash274M360.9M237.7M606.2M551.6M576.0M
Non Current Assets Total55.2B58.9B65.2B69.4B72.6B76.2B
Non Currrent Assets Other1.1B1.2B1.3B761.8M1.2B1.2B
Cash And Short Term Investments282.7M729.4M326.4M1.2B565.9M537.6M
Net Receivables7.3B9.6B12.2B13.9B12.8B7.9B
Short Term Investments8.7M368.5M88.7M543.8M14.3M13.6M
Liabilities And Stockholders Equity73.5B81.3B91.6B96.3B99.9B50.2B
Non Current Liabilities Total21.2B17.5B22.0B20.3B16.1B11.2B
Inventory9.3B11.3B13.1B11.4B11.5B7.0B
Other Current Assets8.8B1.5B1.5B1.7B2.5B3.5B
Other Stockholder Equity12.1B(22.1B)(23.2B)5.7B5.7B3.7B
Total Liab44.2B47.9B58.6B61.7B59.4B31.0B
Total Current Assets18.3B22.4B26.4B26.9B27.4B17.6B
Accumulated Other Comprehensive Income(7.9B)2.3B1.8B1.8B1.9B2.0B
Accounts Payable11.9B14.8B17.8B22.7B23.3B12.5B
Intangible Assets1.2B1.2B1.3B1.2B986.2M962.3M
Short Term Debt3.3B1.2B4.3B7.2B7.3B4.7B
Current Deferred Revenue7.2B8.6B9.6B10.0B408.6M388.2M
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 Debt16.4B13.4B17.2B14.4B9.6B11.0B
Short Long Term Debt2.9B210M3.8B6.5B6.7B4.1B
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 Capital48.4B46.8B53.7B55.3B56.7B53.2B

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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.