HCC Stock | | | 36.09 0.41 1.15% |
Hindustan Construction financial indicator trend analysis is much more than just examining Hindustan Construction latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Hindustan Construction is a good investment. Please check the relationship between Hindustan Construction Total Current Liabilities and its Total Liab accounts. Check out
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Hindustan Construction. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
Total Current Liabilities vs Total Liab
Total Current Liabilities vs Total Liab Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Hindustan Construction Total Current Liabilities account and
Total Liab. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Hindustan Construction's Total Current Liabilities and Total Liab is 0.83. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Total Liab in the same time period over historical financial statements of Hindustan Construction, assuming nothing else is changed. The correlation between historical values of Hindustan Construction's Total Current Liabilities and Total Liab 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 Hindustan Construction are associated (or correlated) with its Total Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Liab has no effect on the direction of Total Current Liabilities i.e., Hindustan Construction's Total Current Liabilities and Total Liab go up and down completely randomly.
Correlation Coefficient | 0.83 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Total Current Liabilities
Total Current Liabilities is an item on Hindustan Construction balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Hindustan Construction 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.
Total Liab
The total amount of all liabilities that a company has, including both short-term and long-term liabilities.
Most indicators from Hindustan Construction's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Hindustan Construction 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 Hindustan Construction. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
The current year's
Tax Provision is expected to grow to about 2.6
B, whereas
Selling General Administrative is forecasted to decline to about 1.3
B.
Hindustan Construction fundamental ratios Correlations
Click cells to compare fundamentals
Hindustan Construction Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Hindustan Construction fundamental ratios Accounts
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
Other Information on Investing in Hindustan Stock
Balance Sheet is a snapshot of the
financial position of Hindustan Construction at a specified time, usually calculated after every quarter, six months, or one year. Hindustan Construction Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Hindustan Construction 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 Hindustan currently owns. An asset can also be divided into two categories, current and non-current.