Deepak Total Other Income Expense Net vs Gross Profit 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 Total Other Income Expense Net and its Gross Profit 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.

Total Other Income Expense Net vs Gross Profit

Total Other Income Expense Net vs Gross Profit Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Deepak Nitrite Total Other Income Expense Net account and Gross Profit. At this time, the significance of the direction appears to have pay attention.
The correlation between Deepak Nitrite's Total Other Income Expense Net and Gross Profit is -0.94. Overlapping area represents the amount of variation of Total Other Income Expense Net that can explain the historical movement of Gross Profit 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 Total Other Income Expense Net and Gross Profit is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Other Income Expense Net of Deepak Nitrite Limited are associated (or correlated) with its Gross Profit. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Gross Profit has no effect on the direction of Total Other Income Expense Net i.e., Deepak Nitrite's Total Other Income Expense Net and Gross Profit go up and down completely randomly.

Correlation Coefficient

-0.94
Relationship DirectionNegative 
Relationship StrengthSignificant

Total Other Income Expense Net

Gross Profit

Gross profit is a required income statement account that reflects total revenue of Deepak Nitrite Limited minus its cost of goods sold. It is profit before Deepak Nitrite operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.
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.