Gangotri Total Current Liabilities vs Current Deferred Revenue Analysis
| GANGOTRI | 1.14 0.06 5.00% |
Gangotri Textiles financial indicator trend analysis is much more than just examining Gangotri Textiles latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Gangotri Textiles is a good investment. Please check the relationship between Gangotri Textiles Total Current Liabilities and its Current Deferred Revenue accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Gangotri Textiles 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 persons.
Total Current Liabilities vs Current Deferred Revenue
Total Current Liabilities vs Current Deferred Revenue Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Gangotri Textiles Total Current Liabilities account and Current Deferred Revenue. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Gangotri Textiles' Total Current Liabilities and Current Deferred Revenue is -0.12. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Current Deferred Revenue in the same time period over historical financial statements of Gangotri Textiles Limited, assuming nothing else is changed. The correlation between historical values of Gangotri Textiles' Total Current Liabilities and Current Deferred Revenue 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 Liabilities of Gangotri Textiles Limited are associated (or correlated) with its Current Deferred Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Current Deferred Revenue has no effect on the direction of Total Current Liabilities i.e., Gangotri Textiles' Total Current Liabilities and Current Deferred Revenue go up and down completely randomly.
Correlation Coefficient | -0.12 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Total Current Liabilities
Total Current Liabilities is an item on Gangotri Textiles balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Gangotri Textiles Limited are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.Current Deferred Revenue
Revenue that has been collected but not yet earned, typically from prepaid service contracts or subscriptions. This amount is considered a liability until the service is provided or the subscription period ends.Most indicators from Gangotri Textiles' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Gangotri Textiles 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Gangotri Textiles 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 persons. As of 11/30/2024, Tax Provision is likely to grow to about 9.5 M, while Selling General Administrative is likely to drop slightly above 198.9 K.
| 2023 | 2024 (projected) | Total Operating Expenses | 746K | 708.7K | Cost Of Revenue | 3K | 2.9K |
Gangotri Textiles fundamental ratios Correlations
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Gangotri Textiles Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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When running Gangotri Textiles' price analysis, check to measure Gangotri Textiles' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Gangotri Textiles is operating at the current time. Most of Gangotri Textiles' value examination focuses on studying past and present price action to predict the probability of Gangotri Textiles' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Gangotri Textiles' price. Additionally, you may evaluate how the addition of Gangotri Textiles to your portfolios can decrease your overall portfolio volatility.