FLUOROCHEM | | | 3,957 6.10 0.15% |
Gujarat Fluorochemicals financial indicator trend analysis is much more than just examining Gujarat Fluorochemicals latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Gujarat Fluorochemicals is a good investment. Please check the relationship between Gujarat Fluorochemicals Total Current Assets and its Depreciation And Amortization accounts. Check out
Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Gujarat Fluorochemicals 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 metropolitan statistical area.
Total Current Assets vs Depreciation And Amortization
Total Current Assets vs Depreciation And Amortization Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Gujarat Fluorochemicals Total Current Assets account and
Depreciation And Amortization. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Gujarat Fluorochemicals' Total Current Assets and Depreciation And Amortization is 0.97. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Depreciation And Amortization in the same time period over historical financial statements of Gujarat Fluorochemicals Limited, assuming nothing else is changed. The correlation between historical values of Gujarat Fluorochemicals' Total Current Assets 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 Total Current Assets of Gujarat Fluorochemicals 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 Total Current Assets i.e., Gujarat Fluorochemicals' Total Current Assets and Depreciation And Amortization go up and down completely randomly.
Correlation Coefficient | 0.97 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Total Current Assets
The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.
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 Gujarat Fluorochemicals' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Gujarat Fluorochemicals 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 Gujarat Fluorochemicals 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 metropolitan statistical area.
The current year's
Tax Provision is expected to grow to about 2.1
B, whereas
Selling General Administrative is forecasted to decline to about 756.6
M.
| 2021 | 2022 | 2023 | 2024 (projected) |
Interest Expense | 704.2M | 1.2B | 1.2B | 951.0M | Depreciation And Amortization | 2.1B | 2.4B | 2.9B | 2.5B |
Gujarat Fluorochemicals fundamental ratios Correlations
Click cells to compare fundamentals
Gujarat Fluorochemicals Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Gujarat Fluorochemicals fundamental ratios Accounts
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Other Information on Investing in Gujarat Stock
Balance Sheet is a snapshot of the
financial position of Gujarat Fluorochemicals at a specified time, usually calculated after every quarter, six months, or one year. Gujarat Fluorochemicals Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Gujarat Fluorochemicals 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 Gujarat currently owns. An asset can also be divided into two categories, current and non-current.