Elgi Free Cash Flow vs Investments Analysis

ELGIRUBCO

112.47 5.06 4.71%

Elgi Rubber financial indicator trend analysis is much more than just examining Elgi Rubber latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Elgi Rubber is a good investment. Please check the relationship between Elgi Rubber Free Cash Flow and its Investments accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Elgi Rubber. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

Free Cash Flow vs Investments

Free Cash Flow vs Investments Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Elgi Rubber Free Cash Flow account and Investments. At this time, the significance of the direction appears to have weak relationship.

The correlation between Elgi Rubber's Free Cash Flow and Investments is 0.36. Overlapping area represents the amount of variation of Free Cash Flow that can explain the historical movement of Investments in the same time period over historical financial statements of Elgi Rubber, assuming nothing else is changed. The correlation between historical values of Elgi Rubber's Free Cash Flow and Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Free Cash Flow of Elgi Rubber are associated (or correlated) with its Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Investments has no effect on the direction of Free Cash Flow i.e., Elgi Rubber's Free Cash Flow and Investments go up and down completely randomly.

Correlation Coefficient

0.36

Relationship Direction	Positive
Relationship Strength	Very Weak

View All Relationships

Free Cash Flow

The amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.

Investments

Securities or assets acquired for generating income or appreciating in value, not used in daily operations.

Most indicators from Elgi Rubber's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Elgi Rubber 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 Elgi Rubber. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

The current year's Selling General Administrative is expected to grow to about 161.2 M, whereas Tax Provision is forecasted to decline to about 15.6 M.

	2021	2022	2023	2024 (projected)
Gross Profit	1.8B	2.1B	1.9B	1.9B
Total Revenue	3.9B	3.9B	3.9B	3.9B

Gross Profit Total Revenue

Elgi Rubber fundamental ratios Correlations

	Common Stock Shares Outstanding	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Common Stock	Current Deferred Revenue	Short Term Investments	Short Term Debt	Good Will
Common Stock Shares Outstanding		-0.66	-0.55	0.38	-0.55	0.06	-0.39	-0.57	0.17	-0.26	0.56	-0.65	-0.02	0.53	0.4	-0.53	-0.5	-0.45	0.26	-0.59	-0.03	0.16	0.14	-0.08	-0.47	-0.22
Total Assets	-0.66		0.84	-0.15	0.79	-0.1	0.76	0.85	-0.44	0.2	-0.52	0.96	-0.25	-0.44	-0.57	0.93	0.69	0.61	-0.18	0.9	0.15	-0.23	-0.36	-0.01	0.75	0.41
Short Long Term Debt Total	-0.55	0.84		-0.32	0.97	-0.54	0.71	0.98	-0.75	0.26	-0.79	0.89	-0.31	-0.68	-0.43	0.78	0.54	0.53	-0.26	0.98	-0.06	-0.17	-0.42	0.21	0.97	0.35
Other Current Liab	0.38	-0.15	-0.32		-0.26	0.36	-0.19	-0.36	0.27	-0.01	0.5	-0.16	0.12	0.62	0.46	-0.21	-0.37	-0.39	0.03	-0.27	0.12	0.09	0.23	0.07	-0.35	0.09
Total Current Liabilities	-0.55	0.79	0.97	-0.26		-0.62	0.63	0.95	-0.75	0.39	-0.76	0.83	-0.27	-0.59	-0.37	0.66	0.48	0.52	-0.22	0.96	-0.06	-0.21	-0.36	0.3	0.97	0.27
Total Stockholder Equity	0.06	-0.1	-0.54	0.36	-0.62		-0.1	-0.52	0.78	-0.31	0.7	-0.2	0.1	0.5	0.14	-0.05	-0.02	-0.36	-0.07	-0.47	0.55	0.39	0.14	-0.62	-0.66	0.05
Property Plant And Equipment Net	-0.39	0.76	0.71	-0.19	0.63	-0.1		0.73	-0.48	-0.13	-0.49	0.76	-0.8	-0.5	-0.58	0.72	0.64	0.41	-0.29	0.71	0.09	-0.07	-0.56	-0.38	0.68	0.34
Net Debt	-0.57	0.85	0.98	-0.36	0.95	-0.52	0.73		-0.74	0.18	-0.82	0.91	-0.32	-0.7	-0.56	0.82	0.58	0.59	-0.25	0.98	-0.08	-0.18	-0.46	0.16	0.97	0.34
Retained Earnings	0.17	-0.44	-0.75	0.27	-0.75	0.78	-0.48	-0.74		-0.04	0.71	-0.54	0.32	0.58	0.35	-0.43	-0.28	-0.37	0.28	-0.7	0.39	0.26	0.29	-0.38	-0.82	-0.16
Accounts Payable	-0.26	0.2	0.26	-0.01	0.39	-0.31	-0.13	0.18	-0.04		-0.03	0.09	0.25	0.04	0.19	0.03	0.2	0.09	0.22	0.29	0.28	-0.13	-0.1	0.25	0.19	0.2
Cash	0.56	-0.52	-0.79	0.5	-0.76	0.7	-0.49	-0.82	0.71	-0.03		-0.65	0.22	0.88	0.49	-0.51	-0.37	-0.56	0.21	-0.74	0.48	0.3	0.38	-0.37	-0.84	-0.14
Non Current Assets Total	-0.65	0.96	0.89	-0.16	0.83	-0.2	0.76	0.91	-0.54	0.09	-0.65		-0.24	-0.55	-0.58	0.93	0.55	0.56	-0.19	0.93	-0.04	-0.19	-0.29	0.06	0.82	0.49
Non Currrent Assets Other	-0.02	-0.25	-0.31	0.12	-0.27	0.1	-0.8	-0.32	0.32	0.25	0.22	-0.24		0.26	0.33	-0.2	-0.4	-0.15	0.21	-0.27	-0.09	0.0	0.54	0.51	-0.36	-0.06
Cash And Short Term Investments	0.53	-0.44	-0.68	0.62	-0.59	0.5	-0.5	-0.7	0.58	0.04	0.88	-0.55	0.26		0.45	-0.48	-0.43	-0.29	0.38	-0.6	0.34	0.01	0.51	-0.06	-0.68	-0.21
Net Receivables	0.4	-0.57	-0.43	0.46	-0.37	0.14	-0.58	-0.56	0.35	0.19	0.49	-0.58	0.33	0.45		-0.7	-0.66	-0.66	-0.02	-0.52	0.11	0.26	0.46	0.25	-0.45	-0.25
Non Current Liabilities Total	-0.53	0.93	0.78	-0.21	0.66	-0.05	0.72	0.82	-0.43	0.03	-0.51	0.93	-0.2	-0.48	-0.7		0.67	0.59	-0.13	0.84	0.1	-0.15	-0.41	-0.11	0.68	0.52
Inventory	-0.5	0.69	0.54	-0.37	0.48	-0.02	0.64	0.58	-0.28	0.2	-0.37	0.55	-0.4	-0.43	-0.66	0.67		0.51	-0.34	0.59	0.42	-0.13	-0.78	-0.35	0.48	0.13
Other Current Assets	-0.45	0.61	0.53	-0.39	0.52	-0.36	0.41	0.59	-0.37	0.09	-0.56	0.56	-0.15	-0.29	-0.66	0.59	0.51		0.31	0.59	-0.21	-0.79	-0.18	0.32	0.56	-0.08
Other Stockholder Equity	0.26	-0.18	-0.26	0.03	-0.22	-0.07	-0.29	-0.25	0.28	0.22	0.21	-0.19	0.21	0.38	-0.02	-0.13	-0.34	0.31		-0.21	-0.29	-0.53	0.41	0.21	-0.25	0.12
Total Liab	-0.59	0.9	0.98	-0.27	0.96	-0.47	0.71	0.98	-0.7	0.29	-0.74	0.93	-0.27	-0.6	-0.52	0.84	0.59	0.59	-0.21		-0.01	-0.21	-0.41	0.18	0.95	0.38
Total Current Assets	-0.03	0.15	-0.06	0.12	-0.06	0.55	0.09	-0.08	0.39	0.28	0.48	-0.04	-0.09	0.34	0.11	0.1	0.42	-0.21	-0.29	-0.01		0.47	-0.36	-0.56	-0.16	-0.04
Common Stock	0.16	-0.23	-0.17	0.09	-0.21	0.39	-0.07	-0.18	0.26	-0.13	0.3	-0.19	0.0	0.01	0.26	-0.15	-0.13	-0.79	-0.53	-0.21	0.47		-0.15	-0.56	-0.23	0.21
Current Deferred Revenue	0.14	-0.36	-0.42	0.23	-0.36	0.14	-0.56	-0.46	0.29	-0.1	0.38	-0.29	0.54	0.51	0.46	-0.41	-0.78	-0.18	0.41	-0.41	-0.36	-0.15		0.43	-0.41	-0.09
Short Term Investments	-0.08	-0.01	0.21	0.07	0.3	-0.62	-0.38	0.16	-0.38	0.25	-0.37	0.06	0.51	-0.06	0.25	-0.11	-0.35	0.32	0.21	0.18	-0.56	-0.56	0.43		0.28	-0.27
Short Term Debt	-0.47	0.75	0.97	-0.35	0.97	-0.66	0.68	0.97	-0.82	0.19	-0.84	0.82	-0.36	-0.68	-0.45	0.68	0.48	0.56	-0.25	0.95	-0.16	-0.23	-0.41	0.28		0.21
Good Will	-0.22	0.41	0.35	0.09	0.27	0.05	0.34	0.34	-0.16	0.2	-0.14	0.49	-0.06	-0.21	-0.25	0.52	0.13	-0.08	0.12	0.38	-0.04	0.21	-0.09	-0.27	0.21

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Elgi Rubber Account Relationship Matchups

Elgi Rubber fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	5.3B	4.9B	5.0B	5.3B	5.7B	5.6B
Short Long Term Debt Total	2.7B	2.4B	3.2B	2.7B	3.1B	2.3B
Other Current Liab	179.1M	50K	238.0M	329.2M	242.2M	184.0M
Total Current Liabilities	2.4B	2.3B	2.7B	2.7B	2.7B	2.2B
Total Stockholder Equity	1.9B	1.8B	1.7B	1.8B	1.9B	1.8B
Property Plant And Equipment Net	2.3B	2.2B	2.1B	2.2B	2.3B	2.4B
Net Debt	2.6B	2.3B	2.4B	2.7B	3.0B	2.1B
Retained Earnings	(229.5M)	(218.3M)	(385.2M)	(317.7M)	(201.1M)	(191.0M)
Accounts Payable	529.6M	442.0M	565.3M	446.4M	450.9M	466.9M
Cash	44.8M	100.8M	43.6M	40.4M	38.4M	36.5M
Non Current Assets Total	2.9B	2.8B	2.8B	3.2B	3.4B	3.0B
Non Currrent Assets Other	145.5M	62.6M	130.8M	134.7M	71.7M	45.4M
Cash And Short Term Investments	44.8M	100.8M	43.6M	219.0M	258.0M	155.3M
Net Receivables	497.4M	538.9M	1.0B	687.7M	624.8M	549.9M
Liabilities And Stockholders Equity	5.3B	4.9B	5.0B	5.3B	5.7B	5.6B
Non Current Liabilities Total	1.0B	771.3M	568.6M	763.8M	1.0B	878.6M
Inventory	1.4B	1.1B	995.5M	1.1B	1.1B	1.3B
Other Current Assets	477.3M	427.3M	114.4M	324.7M	901.9M	947.0M
Total Liab	3.4B	3.1B	3.3B	3.5B	3.8B	3.1B
Total Current Assets	2.4B	2.2B	2.2B	2.1B	2.3B	1.9B
Current Deferred Revenue	(1.7B)	236.5M	9.6M	27.5M	24.7M	26.0M
Short Term Investments	270K	50K	204.0M	178.6M	219.6M	230.5M
Short Term Debt	1.7B	1.7B	1.9B	1.9B	2.0B	1.6B
Accumulated Other Comprehensive Income	2.0B	2.0B	2.0B	2.1B	1.8B	1.9B
Intangible Assets	26.9M	6.7M	12.2M	124.4M	121.3M	63.2M
Net Tangible Assets	2.0B	1.7B	1.7B	1.6B	1.4B	1.7B
Other Assets	430.4M	351.6M	420.8M	393.9M	1.0	0.95
Long Term Debt	999.2M	769.2M	1.2B	762.6M	1.0B	1.1B
Short Long Term Debt	1.7B	1.7B	1.3B	1.9B	2.0B	1.6B
Property Plant Equipment	2.3B	2.2B	2.1B	2.2B	2.0B	1.8B
Long Term Debt Total	1.0B	771.3M	1.2B	763.8M	687.4M	802.1M
Net Invested Capital	4.5B	4.3B	4.2B	4.6B	5.0B	3.8B
Net Working Capital	(25.1M)	(174.6M)	26.4M	(592.2M)	(467.6M)	(444.2M)

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Other Information on Investing in Elgi Stock

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

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Elgi Free Cash Flow vs Investments Analysis

Free Cash Flow vs Investments

Free Cash Flow vs Investments Correlation Analysis

Correlation Coefficient

Free Cash Flow

Investments

Elgi Rubber fundamental ratios Correlations

Elgi Rubber Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Elgi Rubber fundamental ratios Accounts

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Other Information on Investing in Elgi Stock

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Net Debt	+ 0.98	Short Long Term Debt Total
Total Liab	+ 0.98	Short Long Term Debt Total
Total Liab	+ 0.98	Net Debt
Total Current Liabilities	+ 0.97	Short Long Term Debt Total
Short Term Debt	+ 0.97	Short Long Term Debt Total
Short Term Debt	+ 0.97	Total Current Liabilities

Short Term Debt	- 0.84	Cash
Short Term Debt	- 0.82	Retained Earnings
Cash	- 0.82	Net Debt
Non Currrent Assets Other	- 0.8	Property Plant And Equipment Net
Common Stock	- 0.79	Other Current Assets
Cash	- 0.79	Short Long Term Debt Total