DEEPAKNTR | | | 2,727 21.25 0.79% |
Deepak Nitrite financial indicator trend analysis is much more than just examining Deepak Nitrite latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Deepak Nitrite is a good investment. Please check the relationship between Deepak Nitrite Net Income and its Depreciation And Amortization accounts. Check out
Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Deepak Nitrite 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 nation.
Net Income vs Depreciation And Amortization
Net Income vs Depreciation And Amortization Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Deepak Nitrite Net Income account and
Depreciation And Amortization. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Deepak Nitrite's Net Income and Depreciation And Amortization is 0.98. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Depreciation And Amortization in the same time period over historical financial statements of Deepak Nitrite Limited, assuming nothing else is changed. The correlation between historical values of Deepak Nitrite's Net Income and Depreciation And Amortization is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Income of Deepak Nitrite Limited are associated (or correlated) with its Depreciation And Amortization. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Depreciation And Amortization has no effect on the direction of Net Income i.e., Deepak Nitrite's Net Income and Depreciation And Amortization go up and down completely randomly.
Correlation Coefficient | 0.98 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Deepak Nitrite financial statement analysis. It represents the amount of money remaining after all of Deepak Nitrite Limited operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.
Depreciation And Amortization
The systematic reduction in the recorded value of an intangible asset. This includes the allocation of the cost of tangible assets to periods in which the assets are used, representing the expense related to the wear and tear, deterioration, or obsolescence of physical assets and intangible assets over their useful lives.
Most indicators from Deepak Nitrite's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Deepak Nitrite 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
Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Deepak Nitrite 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 nation.
As of the 30th of November 2024,
Selling General Administrative is likely to grow to about 1.3
B, while
Tax Provision is likely to drop about 2
B.
| 2021 | 2022 | 2023 | 2024 (projected) |
Interest Expense | 339.4M | 247.8M | 150.2M | 142.7M | Depreciation And Amortization | 1.8B | 1.7B | 1.7B | 1.7B |
Deepak Nitrite fundamental ratios Correlations
Click cells to compare fundamentals
Deepak Nitrite Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Deepak Nitrite fundamental ratios Accounts
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
Other Information on Investing in Deepak Stock
Balance Sheet is a snapshot of the
financial position of Deepak Nitrite at a specified time, usually calculated after every quarter, six months, or one year. Deepak Nitrite Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Deepak Nitrite 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 Deepak currently owns. An asset can also be divided into two categories, current and non-current.