Garware Net Receivables vs Short Term Debt Analysis

GRWRHITECH

4,763 20.85 0.44%

Garware Hi financial indicator trend analysis is much more than just examining Garware Hi Tech latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Garware Hi Tech is a good investment. Please check the relationship between Garware Hi Net Receivables and its Short Term Debt accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Garware Hi Tech Films. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate.

Net Receivables vs Short Term Debt

Net Receivables vs Short Term Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Garware Hi Tech Net Receivables account and Short Term Debt. At this time, the significance of the direction appears to have strong relationship.

The correlation between Garware Hi's Net Receivables and Short Term Debt is 0.74. Overlapping area represents the amount of variation of Net Receivables that can explain the historical movement of Short Term Debt in the same time period over historical financial statements of Garware Hi Tech Films, assuming nothing else is changed. The correlation between historical values of Garware Hi's Net Receivables and Short Term Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Receivables of Garware Hi Tech Films are associated (or correlated) with its Short Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Term Debt has no effect on the direction of Net Receivables i.e., Garware Hi's Net Receivables and Short Term Debt go up and down completely randomly.

Correlation Coefficient

0.74

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Net Receivables

Short Term Debt

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

Selling General Administrative is likely to drop to about 786.2 M in 2024. Tax Provision is likely to drop to about 615.5 M in 2024

	2021	2022	2023	2024 (projected)
Interest Expense	133.8M	169.9M	117.8M	184.0M
Depreciation And Amortization	281.9M	324.1M	390.2M	217.4M

Interest Expense Depreciation And Amortization

Garware Hi fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Common Stock	Intangible Assets	Current Deferred Revenue	Retained Earnings	Accounts Payable	Short Term Debt	Short Term Investments
Total Assets		-0.56	-0.3	-0.26	0.88	0.97	-0.55	0.2	0.97	0.19	0.78	-0.84	0.46	-0.25	0.53	0.8	0.23	-0.57	0.67	-0.47	-0.48	0.3	0.91	0.75	-0.77	0.85
Short Long Term Debt Total	-0.56		-0.26	0.15	-0.74	-0.55	0.98	-0.2	-0.57	0.13	-0.62	0.78	-0.68	0.64	-0.54	-0.32	-0.57	0.89	-0.54	-0.03	0.19	0.01	-0.55	-0.66	0.69	-0.48
Other Current Liab	-0.3	-0.26		0.07	-0.27	-0.38	-0.25	0.08	-0.37	-0.03	-0.09	0.04	0.0	-0.03	0.03	-0.19	0.33	0.04	-0.07	0.56	0.73	-0.36	-0.09	-0.18	0.22	-0.02
Total Current Liabilities	-0.26	0.15	0.07		-0.28	-0.37	0.01	0.65	-0.35	0.09	-0.06	0.16	0.11	-0.59	0.15	-0.53	-0.23	0.32	-0.03	0.33	-0.37	-0.09	-0.21	-0.26	0.69	-0.17
Total Stockholder Equity	0.88	-0.74	-0.27	-0.28		0.87	-0.74	0.15	0.87	0.0	0.89	-0.81	0.64	-0.37	0.71	0.72	0.49	-0.69	0.82	-0.39	-0.49	0.13	0.83	0.92	-0.87	0.79
Property Plant And Equipment Net	0.97	-0.55	-0.38	-0.37	0.87		-0.51	0.04	1.0	0.21	0.67	-0.85	0.35	-0.22	0.38	0.75	0.14	-0.64	0.55	-0.52	-0.5	0.42	0.8	0.69	-0.83	0.74
Net Debt	-0.55	0.98	-0.25	0.01	-0.74	-0.51		-0.37	-0.53	0.13	-0.67	0.76	-0.75	0.71	-0.63	-0.3	-0.59	0.83	-0.61	-0.1	0.26	0.08	-0.57	-0.69	0.62	-0.5
Cash	0.2	-0.2	0.08	0.65	0.15	0.04	-0.37		0.06	0.08	0.37	-0.21	0.48	-0.56	0.46	0.02	0.1	0.0	0.39	0.4	-0.39	-0.23	0.33	0.22	0.19	0.25
Non Current Assets Total	0.97	-0.57	-0.37	-0.35	0.87	1.0	-0.53	0.06		0.21	0.67	-0.86	0.36	-0.25	0.39	0.74	0.14	-0.66	0.54	-0.51	-0.51	0.42	0.8	0.69	-0.83	0.73
Non Currrent Assets Other	0.19	0.13	-0.03	0.09	0.0	0.21	0.13	0.08	0.21		-0.04	-0.17	-0.36	0.04	-0.14	-0.02	-0.25	0.12	-0.1	0.08	-0.12	0.3	0.02	-0.15	0.01	0.12
Cash And Short Term Investments	0.78	-0.62	-0.09	-0.06	0.89	0.67	-0.67	0.37	0.67	-0.04		-0.66	0.69	-0.33	0.88	0.68	0.55	-0.42	0.97	-0.22	-0.37	-0.1	0.89	0.91	-0.63	0.9
Net Receivables	-0.84	0.78	0.04	0.16	-0.81	-0.85	0.76	-0.21	-0.86	-0.17	-0.66		-0.43	0.5	-0.45	-0.59	-0.23	0.75	-0.52	0.3	0.43	-0.42	-0.71	-0.59	0.74	-0.67
Common Stock Shares Outstanding	0.46	-0.68	0.0	0.11	0.64	0.35	-0.75	0.48	0.36	-0.36	0.69	-0.43		-0.56	0.83	0.35	0.76	-0.51	0.75	-0.03	-0.36	-0.38	0.62	0.75	-0.44	0.49
Non Current Liabilities Total	-0.25	0.64	-0.03	-0.59	-0.37	-0.22	0.71	-0.56	-0.25	0.04	-0.33	0.5	-0.56		-0.37	0.24	-0.13	0.57	-0.26	-0.22	0.61	-0.06	-0.18	-0.25	0.08	-0.14
Inventory	0.53	-0.54	0.03	0.15	0.71	0.38	-0.63	0.46	0.39	-0.14	0.88	-0.45	0.83	-0.37		0.52	0.73	-0.23	0.95	-0.12	-0.28	-0.32	0.72	0.83	-0.4	0.69
Other Current Assets	0.8	-0.32	-0.19	-0.53	0.72	0.75	-0.3	0.02	0.74	-0.02	0.68	-0.59	0.35	0.24	0.52		0.38	-0.26	0.67	-0.54	-0.08	0.13	0.83	0.72	-0.73	0.76
Other Stockholder Equity	0.23	-0.57	0.33	-0.23	0.49	0.14	-0.59	0.1	0.14	-0.25	0.55	-0.23	0.76	-0.13	0.73	0.38		-0.35	0.65	0.11	0.15	-0.55	0.45	0.64	-0.47	0.42
Total Liab	-0.57	0.89	0.04	0.32	-0.69	-0.64	0.83	0.0	-0.66	0.12	-0.42	0.75	-0.51	0.57	-0.23	-0.26	-0.35		-0.29	0.08	0.34	-0.19	-0.42	-0.52	0.77	-0.33
Total Current Assets	0.67	-0.54	-0.07	-0.03	0.82	0.55	-0.61	0.39	0.54	-0.1	0.97	-0.52	0.75	-0.26	0.95	0.67	0.65	-0.29		-0.21	-0.3	-0.24	0.84	0.91	-0.55	0.84
Common Stock	-0.47	-0.03	0.56	0.33	-0.39	-0.52	-0.1	0.4	-0.51	0.08	-0.22	0.3	-0.03	-0.22	-0.12	-0.54	0.11	0.08	-0.21		0.26	-0.48	-0.36	-0.32	0.39	-0.3
Intangible Assets	-0.48	0.19	0.73	-0.37	-0.49	-0.5	0.26	-0.39	-0.51	-0.12	-0.37	0.43	-0.36	0.61	-0.28	-0.08	0.15	0.34	-0.3	0.26		-0.33	-0.28	-0.33	0.22	-0.24
Current Deferred Revenue	0.3	0.01	-0.36	-0.09	0.13	0.42	0.08	-0.23	0.42	0.3	-0.1	-0.42	-0.38	-0.06	-0.32	0.13	-0.55	-0.19	-0.24	-0.48	-0.33		0.01	-0.21	-0.18	0.02
Retained Earnings	0.91	-0.55	-0.09	-0.21	0.83	0.8	-0.57	0.33	0.8	0.02	0.89	-0.71	0.62	-0.18	0.72	0.83	0.45	-0.42	0.84	-0.36	-0.28	0.01		0.81	-0.66	0.95
Accounts Payable	0.75	-0.66	-0.18	-0.26	0.92	0.69	-0.69	0.22	0.69	-0.15	0.91	-0.59	0.75	-0.25	0.83	0.72	0.64	-0.52	0.91	-0.32	-0.33	-0.21	0.81		-0.76	0.74
Short Term Debt	-0.77	0.69	0.22	0.69	-0.87	-0.83	0.62	0.19	-0.83	0.01	-0.63	0.74	-0.44	0.08	-0.4	-0.73	-0.47	0.77	-0.55	0.39	0.22	-0.18	-0.66	-0.76		-0.59
Short Term Investments	0.85	-0.48	-0.02	-0.17	0.79	0.74	-0.5	0.25	0.73	0.12	0.9	-0.67	0.49	-0.14	0.69	0.76	0.42	-0.33	0.84	-0.3	-0.24	0.02	0.95	0.74	-0.59

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Garware Hi Account Relationship Matchups

Garware Hi fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	16.8B	18.7B	21.3B	22.1B	23.2B	14.0B
Short Long Term Debt Total	1.6B	1.5B	2.0B	1.6B	199.2M	189.2M
Other Current Liab	27.5M	324.7M	376.7M	586.1M	542.6M	412.4M
Total Current Liabilities	1.4B	1.8B	2.6B	2.4B	2.2B	2.2B
Total Stockholder Equity	14.0B	15.6B	17.1B	18.6B	20.4B	21.5B
Property Plant And Equipment Net	13.1B	13.6B	14.6B	14.8B	14.6B	9.4B
Net Debt	1.4B	902.0M	1.0B	972M	(883.9M)	(839.7M)
Cash	248.4M	625.3M	993.1M	599.9M	1.1B	601.6M
Non Current Assets Total	13.7B	14.3B	15.4B	15.6B	15.5B	10.2B
Non Currrent Assets Other	1.0B	232.2M	2.1B	854.7M	17.6M	16.8M
Cash And Short Term Investments	1.1B	2.2B	3.0B	3.9B	3.8B	4.0B
Net Receivables	543.0M	420.2M	332.6M	299.5M	380.7M	629.2M
Liabilities And Stockholders Equity	16.8B	18.7B	21.3B	22.1B	23.2B	14.0B
Non Current Liabilities Total	1.3B	1.2B	1.6B	1.2B	570.0M	541.5M
Inventory	1.0B	1.2B	2.1B	2.0B	2.9B	3.0B
Other Current Assets	199.4M	479.5M	549.6M	461.5M	624.0M	318.5M
Total Liab	2.8B	3.0B	4.2B	3.6B	2.8B	3.0B
Total Current Assets	3.0B	4.4B	6.0B	6.5B	7.7B	8.1B
Intangible Assets	22.5M	22.1M	17.6M	13.2M	10.2M	9.7M
Current Deferred Revenue	405.6M	503.5M	406.4M	316.7M	14.8M	14.1M
Retained Earnings	4.6B	5.8B	7.2B	8.7B	10.4B	5.4B
Accounts Payable	660.5M	864.9M	1.1B	1.0B	1.6B	1.7B
Accumulated Other Comprehensive Income	9.2B	9.5B	9.6B	9.6B	20.2B	21.2B
Short Term Debt	315.8M	409.2M	716.8M	724.4M	61.8M	58.7M
Short Term Investments	877.1M	1.6B	2.0B	3.3B	2.8B	1.5B
Long Term Debt	1.2B	966.1M	1.2B	753.6M	678.2M	823.4M
Capital Lease Obligations	199.5M	208.0M	194.2M	164M	199.1M	185.1M
Net Invested Capital	15.5B	17.0B	18.9B	20.0B	20.4B	19.6B
Short Long Term Debt	269.2M	353.1M	654.3M	654.3M	752.4M	508.2M
Net Working Capital	1.6B	2.5B	3.4B	4.1B	5.5B	3.4B

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Garware Net Receivables vs Short Term Debt Analysis

Net Receivables vs Short Term Debt

Net Receivables vs Short Term Debt Correlation Analysis

Correlation Coefficient

Net Receivables

Short Term Debt

Garware Hi fundamental ratios Correlations

Garware Hi Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Garware Hi fundamental ratios Accounts

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Additional Tools for Garware Stock Analysis

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Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Net Debt	+ 0.98	Short Long Term Debt Total
Property Plant And Equipment Net	+ 0.97	Total Assets
Non Current Assets Total	+ 0.97	Total Assets
Total Current Assets	+ 0.97	Cash And Short Term Investments
Total Current Assets	+ 0.95	Inventory

Short Term Debt	- 0.87	Total Stockholder Equity
Net Receivables	- 0.86	Non Current Assets Total
Net Receivables	- 0.85	Property Plant And Equipment Net
Net Receivables	- 0.84	Total Assets
Short Term Debt	- 0.83	Non Current Assets Total
Short Term Debt	- 0.83	Property Plant And Equipment Net