Deepak Short Term Investments vs Total Assets Analysis

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 Short Term Investments and its Total Assets 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.

Short Term Investments vs Total Assets

Short Term Investments vs Total Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Deepak Nitrite Short Term Investments account and Total Assets. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Deepak Nitrite's Short Term Investments and Total Assets is 0.86. Overlapping area represents the amount of variation of Short Term Investments that can explain the historical movement of Total Assets 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 Short Term Investments and Total 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 Short Term Investments of Deepak Nitrite Limited are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Short Term Investments i.e., Deepak Nitrite's Short Term Investments and Total Assets go up and down completely randomly.

Correlation Coefficient

0.86
Relationship DirectionPositive 
Relationship StrengthStrong

Short Term Investments

Short Term Investments is an item under the current assets section of Deepak Nitrite balance sheet. It contains any investments Deepak Nitrite Limited undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that Deepak Nitrite can easily liquidate in the marketplace.

Total Assets

Total assets refers to the total amount of Deepak Nitrite assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Deepak Nitrite books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.
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 Expense339.4M247.8M150.2M142.7M
Depreciation And Amortization1.8B1.7B1.7B1.7B

Deepak Nitrite fundamental ratios Correlations

-0.040.440.540.980.98-0.250.690.990.740.910.980.840.30.970.260.390.470.980.670.94-0.030.960.810.86-0.47
-0.04-0.590.57-0.250.120.95-0.270.1-0.27-0.4-0.190.280.83-0.130.620.170.78-0.190.41-0.160.44-0.320.04-0.40.71
0.44-0.59-0.230.560.35-0.750.770.370.640.680.460.15-0.360.43-0.260.25-0.330.51-0.060.44-0.460.60.220.52-0.61
0.540.57-0.230.380.590.510.030.590.150.290.460.790.580.520.660.510.90.470.870.380.610.310.640.370.39
0.98-0.250.560.380.93-0.440.730.940.780.960.990.740.110.960.10.350.280.990.560.95-0.151.00.760.92-0.6
0.980.120.350.590.93-0.10.661.00.70.830.920.880.450.930.350.40.590.940.720.910.020.90.810.77-0.38
-0.250.95-0.750.51-0.44-0.1-0.54-0.12-0.53-0.59-0.370.160.75-0.30.540.10.7-0.380.33-0.320.52-0.52-0.06-0.510.79
0.69-0.270.770.030.730.66-0.540.670.930.760.640.4-0.030.610.040.20.00.680.150.56-0.430.760.350.52-0.55
0.990.10.370.590.941.0-0.120.670.710.840.930.870.420.930.320.420.570.940.720.910.010.910.80.79-0.38
0.74-0.270.640.150.780.7-0.530.930.710.770.70.43-0.060.690.080.120.050.740.230.58-0.280.80.430.56-0.51
0.91-0.40.680.290.960.83-0.590.760.840.770.940.63-0.090.880.00.420.120.950.460.89-0.20.970.660.95-0.62
0.98-0.190.460.460.990.92-0.370.640.930.70.940.770.140.970.130.360.350.990.610.96-0.10.980.780.93-0.54
0.840.280.150.790.740.880.160.40.870.430.630.770.610.80.50.50.790.770.870.770.230.690.860.64-0.16
0.30.83-0.360.580.110.450.75-0.030.42-0.06-0.090.140.610.240.70.110.880.150.540.230.320.040.45-0.110.25
0.97-0.130.430.520.960.93-0.30.610.930.690.880.970.80.240.280.260.430.980.620.910.040.940.870.87-0.52
0.260.62-0.260.660.10.350.540.040.320.080.00.130.50.70.280.00.770.190.460.060.550.040.56-0.030.26
0.390.170.250.510.350.40.10.20.420.120.420.360.50.110.260.00.350.350.660.370.030.310.170.450.25
0.470.78-0.330.90.280.590.70.00.570.050.120.350.790.880.430.770.350.360.80.350.530.20.620.160.36
0.98-0.190.510.470.990.94-0.380.680.940.740.950.990.770.150.980.190.350.360.60.94-0.060.980.810.92-0.55
0.670.41-0.060.870.560.720.330.150.720.230.460.610.870.540.620.460.660.80.60.620.440.490.670.540.18
0.94-0.160.440.380.950.91-0.320.560.910.580.890.960.770.230.910.060.370.350.940.62-0.130.940.760.9-0.58
-0.030.44-0.460.61-0.150.020.52-0.430.01-0.28-0.2-0.10.230.320.040.550.030.53-0.060.44-0.13-0.20.31-0.060.49
0.96-0.320.60.311.00.9-0.520.760.910.80.970.980.690.040.940.040.310.20.980.490.94-0.20.720.91-0.65
0.810.040.220.640.760.81-0.060.350.80.430.660.780.860.450.870.560.170.620.810.670.760.310.720.7-0.4
0.86-0.40.520.370.920.77-0.510.520.790.560.950.930.64-0.110.87-0.030.450.160.920.540.9-0.060.910.7-0.54
-0.470.71-0.610.39-0.6-0.380.79-0.55-0.38-0.51-0.62-0.54-0.160.25-0.520.260.250.36-0.550.18-0.580.49-0.65-0.4-0.54
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Deepak Nitrite Account Relationship Matchups

Deepak Nitrite fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets32.1B35.6B44.3B51.3B61.0B64.0B
Short Long Term Debt Total11.1B5.9B3.2B728.6M2.9B4.9B
Other Current Liab88.7M520.3M859.2M1.2B1.7B1.8B
Total Current Liabilities7.5B5.5B7.5B7.9B7.9B5.3B
Total Stockholder Equity15.7B23.5B33.4B40.9B48.0B50.4B
Property Plant And Equipment Net19.7B20.4B20.4B22.0B30.6B32.1B
Net Debt11.0B5.8B2.9B352.2M481.1M457.0M
Cash21.4M88.9M228.5M376.4M2.4B2.5B
Non Current Assets Total20.5B21.1B21.5B23.9B32.5B34.2B
Non Currrent Assets Other(200K)118.9M(64.9M)1.4B3.4B3.6B
Cash And Short Term Investments298.1M2.2B4.8B4.6B5.8B6.1B
Net Receivables6.5B7.6B11.3B13.1B13.0B13.6B
Liabilities And Stockholders Equity32.1B35.6B44.3B51.3B61.0B64.0B
Non Current Liabilities Total8.9B6.6B3.5B2.5B4.9B4.0B
Inventory3.9B3.8B5.8B8.9B7.6B8.0B
Other Current Assets787.1M941.7M939.7M1.2B2.0B1.2B
Total Liab16.4B12.1B10.9B10.4B12.7B9.3B
Total Current Assets11.6B14.5B22.8B27.4B28.4B29.8B
Accumulated Other Comprehensive Income951.5M952.3M1.0B1.0B14.1M14.8M
Intangible Assets300.7M417.3M492.8M463.2M496.1M520.9M
Current Deferred Revenue618.7M444.1M522M700.2M201.7M191.6M
Retained Earnings10.2B17.9B27.8B35.3B42.3B44.5B
Accounts Payable3.6B4.4B5.1B6.6B5.8B3.9B
Short Term Investments276.7M2.1B4.6B4.2B3.5B3.6B
Short Term Debt3.1B549.4M1.1B144.3M68.5M65.1M
Other Liab1.0B948.6M1.3B1.4B1.7B1.0B
Net Tangible Assets10.6B15.4B23.0B32.9B37.8B39.7B
Other Assets456.8M214.4M578.3M468.5M1.00.95
Long Term Debt7.8B5.2B1.9B430.2M2.2B3.2B
Long Term Debt Total7.9B5.3B2.0B584.3M525.9M499.6M
Short Long Term Debt3.2B3.1B31M1.1B114.6M0.0
Property Plant Equipment19.7B20.4B20.4B22.0B25.3B18.0B
Non Current Liabilities Other170.3M138.0M8.5M3.6M3.2M3.1M
Net Invested Capital26.6B28.7B36.4B41.4B50.1B35.4B

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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.