HFCL Income Before Tax vs Net Interest Income Analysis

HFCL Stock

133.19 0.35 0.26%

HFCL financial indicator trend analysis is much more than just examining HFCL Limited latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether HFCL Limited is a good investment. Please check the relationship between HFCL Income Before Tax and its Net Interest Income accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in HFCL 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 board of governors.

Income Before Tax vs Net Interest Income

Income Before Tax vs Net Interest Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of HFCL Limited Income Before Tax account and Net Interest Income. At this time, the significance of the direction appears to have strong contrarian relationship.

The correlation between HFCL's Income Before Tax and Net Interest Income is -0.57. Overlapping area represents the amount of variation of Income Before Tax that can explain the historical movement of Net Interest Income in the same time period over historical financial statements of HFCL Limited, assuming nothing else is changed. The correlation between historical values of HFCL's Income Before Tax and Net Interest Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Income Before Tax of HFCL Limited are associated (or correlated) with its Net Interest Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Interest Income has no effect on the direction of Income Before Tax i.e., HFCL's Income Before Tax and Net Interest Income go up and down completely randomly.

Correlation Coefficient

-0.57

Relationship Direction	Negative
Relationship Strength	Very Weak

View All Relationships

Income Before Tax

Income Before Tax which can also be referred as pre-tax income is reported on HFCL income statement and is an important metric when analyzing HFCL Limited profitability. Accounting techniques because taxes can be complex, and not perfectly consistent from one company to company, an analyst may use pre-tax income as a more stable measure of profitability.

Net Interest Income

The difference between the revenue generated from a bank's interest-bearing assets and the expenses associated with paying its interest-bearing liabilities.

Most indicators from HFCL's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into HFCL Limited 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 HFCL 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 board of governors.

Issuance Of Capital Stock is likely to gain to about 4.5 B in 2024, whereas Selling General Administrative is likely to drop slightly above 457.2 M in 2024.

	2021	2022	2023	2024 (projected)
Interest Expense	745.3M	1.5B	1.5B	2.1B
Depreciation And Amortization	783.6M	829.7M	817.9M	564.5M

Interest Expense Depreciation And Amortization

HFCL 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	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Short Term Investments	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Intangible Assets	Common Stock	Good Will	Current Deferred Revenue	Retained Earnings
Total Assets		0.57	0.88	0.85	0.84	0.72	0.62	0.71	-0.46	0.68	0.83	0.52	0.86	0.77	0.38	-0.08	0.84	0.27	0.48	0.86	0.88	0.62	0.07	-0.6	-0.62	0.81
Short Long Term Debt Total	0.57		0.47	0.22	0.41	0.94	0.99	0.26	-0.18	0.82	0.32	0.58	0.24	0.35	0.56	0.69	0.36	-0.02	0.43	0.64	0.35	0.54	0.83	-0.7	-0.03	0.19
Other Current Liab	0.88	0.47		0.8	0.73	0.58	0.51	0.58	-0.29	0.6	0.7	0.49	0.69	0.74	0.32	-0.07	0.77	0.25	0.41	0.81	0.8	0.58	0.02	-0.4	-0.49	0.7
Total Current Liabilities	0.85	0.22	0.8		0.62	0.38	0.31	0.9	-0.58	0.28	0.73	0.06	0.9	0.56	0.09	-0.41	0.65	0.33	0.09	0.85	0.83	0.26	-0.32	-0.4	-0.54	0.75
Total Stockholder Equity	0.84	0.41	0.73	0.62		0.53	0.44	0.49	-0.38	0.56	0.77	0.72	0.69	0.93	0.25	-0.1	0.98	0.29	0.78	0.54	0.93	0.86	0.03	-0.48	-0.68	0.94
Property Plant And Equipment Net	0.72	0.94	0.58	0.38	0.53		0.95	0.35	-0.24	0.87	0.51	0.63	0.4	0.49	0.66	0.51	0.49	0.05	0.48	0.72	0.46	0.56	0.71	-0.67	-0.16	0.33
Net Debt	0.62	0.99	0.51	0.31	0.44	0.95		0.33	-0.33	0.82	0.37	0.54	0.31	0.4	0.55	0.65	0.39	0.04	0.43	0.71	0.4	0.54	0.78	-0.72	-0.02	0.24
Accounts Payable	0.71	0.26	0.58	0.9	0.49	0.35	0.33		-0.6	0.12	0.62	-0.1	0.85	0.31	0.07	-0.35	0.5	0.35	-0.05	0.77	0.75	0.08	-0.22	-0.54	-0.54	0.65
Cash	-0.46	-0.18	-0.29	-0.58	-0.38	-0.24	-0.33	-0.6		-0.11	-0.4	0.07	-0.59	-0.35	-0.04	0.14	-0.33	-0.34	-0.11	-0.52	-0.54	-0.22	0.11	0.51	0.17	-0.45
Non Current Assets Total	0.68	0.82	0.6	0.28	0.56	0.87	0.82	0.12	-0.11		0.56	0.75	0.27	0.63	0.54	0.59	0.51	-0.04	0.6	0.64	0.41	0.7	0.62	-0.38	-0.06	0.3
Non Currrent Assets Other	0.83	0.32	0.7	0.73	0.77	0.51	0.37	0.62	-0.4	0.56		0.53	0.76	0.7	0.45	-0.2	0.77	0.11	0.51	0.66	0.78	0.48	-0.07	-0.32	-0.59	0.74
Cash And Short Term Investments	0.52	0.58	0.49	0.06	0.72	0.63	0.54	-0.1	0.07	0.75	0.53		0.17	0.71	0.59	0.39	0.71	-0.05	0.89	0.23	0.46	0.84	0.5	-0.31	-0.36	0.47
Net Receivables	0.86	0.24	0.69	0.9	0.69	0.4	0.31	0.85	-0.59	0.27	0.76	0.17		0.53	0.16	-0.44	0.71	0.21	0.25	0.73	0.84	0.32	-0.28	-0.55	-0.74	0.8
Common Stock Shares Outstanding	0.77	0.35	0.74	0.56	0.93	0.49	0.4	0.31	-0.35	0.63	0.7	0.71	0.53		0.19	-0.04	0.91	0.27	0.77	0.51	0.83	0.9	0.01	-0.27	-0.46	0.83
Short Term Investments	0.38	0.56	0.32	0.09	0.25	0.66	0.55	0.07	-0.04	0.54	0.45	0.59	0.16	0.19		0.36	0.29	-0.11	0.31	0.33	0.16	0.19	0.54	-0.45	-0.25	0.09
Non Current Liabilities Total	-0.08	0.69	-0.07	-0.41	-0.1	0.51	0.65	-0.35	0.14	0.59	-0.2	0.39	-0.44	-0.04	0.36		-0.17	-0.22	0.18	0.11	-0.26	0.27	0.89	-0.23	0.49	-0.38
Inventory	0.84	0.36	0.77	0.65	0.98	0.49	0.39	0.5	-0.33	0.51	0.77	0.71	0.71	0.91	0.29	-0.17		0.26	0.73	0.54	0.94	0.81	-0.03	-0.46	-0.74	0.95
Other Current Assets	0.27	-0.02	0.25	0.33	0.29	0.05	0.04	0.35	-0.34	-0.04	0.11	-0.05	0.21	0.27	-0.11	-0.22	0.26		0.01	0.21	0.37	0.16	-0.14	-0.31	-0.29	0.39
Other Stockholder Equity	0.48	0.43	0.41	0.09	0.78	0.48	0.43	-0.05	-0.11	0.6	0.51	0.89	0.25	0.77	0.31	0.18	0.73	0.01		0.12	0.53	0.9	0.34	-0.27	-0.33	0.57
Total Liab	0.86	0.64	0.81	0.85	0.54	0.72	0.71	0.77	-0.52	0.64	0.66	0.23	0.73	0.51	0.33	0.11	0.54	0.21	0.12		0.69	0.35	0.17	-0.57	-0.29	0.53
Total Current Assets	0.88	0.35	0.8	0.83	0.93	0.46	0.4	0.75	-0.54	0.41	0.78	0.46	0.84	0.83	0.16	-0.26	0.94	0.37	0.53	0.69		0.67	-0.13	-0.54	-0.72	0.97
Intangible Assets	0.62	0.54	0.58	0.26	0.86	0.56	0.54	0.08	-0.22	0.7	0.48	0.84	0.32	0.9	0.19	0.27	0.81	0.16	0.9	0.35	0.67		0.33	-0.36	-0.32	0.67
Common Stock	0.07	0.83	0.02	-0.32	0.03	0.71	0.78	-0.22	0.11	0.62	-0.07	0.5	-0.28	0.01	0.54	0.89	-0.03	-0.14	0.34	0.17	-0.13	0.33		-0.44	0.32	-0.25
Good Will	-0.6	-0.7	-0.4	-0.4	-0.48	-0.67	-0.72	-0.54	0.51	-0.38	-0.32	-0.31	-0.55	-0.27	-0.45	-0.23	-0.46	-0.31	-0.27	-0.57	-0.54	-0.36	-0.44		0.46	-0.44
Current Deferred Revenue	-0.62	-0.03	-0.49	-0.54	-0.68	-0.16	-0.02	-0.54	0.17	-0.06	-0.59	-0.36	-0.74	-0.46	-0.25	0.49	-0.74	-0.29	-0.33	-0.29	-0.72	-0.32	0.32	0.46		-0.8
Retained Earnings	0.81	0.19	0.7	0.75	0.94	0.33	0.24	0.65	-0.45	0.3	0.74	0.47	0.8	0.83	0.09	-0.38	0.95	0.39	0.57	0.53	0.97	0.67	-0.25	-0.44	-0.8

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HFCL Account Relationship Matchups

HFCL fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	38.3B	52.2B	51.7B	54.7B	64.9B	37.3B
Short Long Term Debt Total	7.3B	9.4B	7.6B	7.7B	9.9B	7.6B
Other Current Liab	342.6M	5.8B	2.2B	5.5B	4.7B	2.5B
Total Current Liabilities	19.1B	29.9B	21.8B	21.4B	21.8B	13.9B
Total Stockholder Equity	16.7B	19.2B	28.0B	31.1B	39.6B	41.5B
Property Plant And Equipment Net	4.8B	4.9B	5.5B	5.7B	6.6B	3.4B
Net Debt	7.2B	9.2B	7.4B	7.0B	9.7B	7.0B
Accounts Payable	11.3B	16.4B	12.9B	7.5B	8.1B	7.1B
Cash	139.7M	185M	124.8M	636.7M	233.3M	221.6M
Non Current Assets Total	7.7B	10.7B	13.5B	13.9B	19.5B	11.4B
Non Currrent Assets Other	1.6B	4.7B	11.3B	5.7B	6.4B	4.4B
Cash And Short Term Investments	164.8M	242.9M	2.5B	3.3B	3.4B	3.6B
Net Receivables	18.1B	26.3B	27.5B	22.1B	28.5B	14.5B
Common Stock Shares Outstanding	1.3B	1.3B	1.3B	1.4B	1.4B	1.4B
Short Term Investments	25.1M	57.9M	2.3B	2.7B	51.9M	49.3M
Liabilities And Stockholders Equity	38.3B	52.2B	51.7B	54.7B	64.9B	37.3B
Non Current Liabilities Total	2.5B	3.1B	1.8B	1.9B	3.0B	6.0B
Inventory	3.4B	4.4B	5.7B	7.6B	7.7B	8.1B
Other Current Assets	7.1B	5.5B	2.5B	5.2B	5.7B	6.0B
Other Stockholder Equity	4.6B	4.7B	10.5B	10.6B	14.9B	15.7B
Total Liab	21.6B	32.9B	23.5B	23.3B	24.9B	16.1B
Total Current Assets	30.6B	41.5B	38.2B	40.8B	45.3B	47.6B
Accumulated Other Comprehensive Income	(96.2M)	1.2B	1.1B	1.3B	2.3B	2.4B
Intangible Assets	395.3M	421.7M	741M	2.2B	4.3B	4.5B
Current Deferred Revenue	2.3B	2.2B	477M	39.8M	844.2M	1.6B
Retained Earnings	10.8B	12.0B	15.0B	17.9B	20.9B	22.0B
Short Term Debt	5.2B	6.7B	6.2B	8.2B	8.1B	4.5B
Other Liab	319.6M	365M	350.4M	697.2M	801.8M	841.9M
Net Tangible Assets	16.0B	18.5B	27.0B	28.7B	33.0B	34.6B
Other Assets	1.7B	4.9B	6.7B	395.5M	454.8M	432.1M
Long Term Debt	2.0B	2.5B	1.2B	1.1B	1.7B	1.5B
Short Long Term Debt	5.1B	5.9B	6.1B	6.4B	8.1B	4.9B
Property Plant Equipment	4.7B	4.8B	5.4B	5.7B	6.6B	3.4B
Long Term Debt Total	2.2B	2.7B	1.4B	1.2B	1.0B	1.7B
Net Invested Capital	23.8B	27.5B	35.3B	38.6B	49.3B	33.2B
Cash And Equivalents	136.9M	184M	128M	636.7M	732.2M	768.8M

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HFCL Income Before Tax vs Net Interest Income Analysis

Income Before Tax vs Net Interest Income

Income Before Tax vs Net Interest Income Correlation Analysis

Correlation Coefficient

Income Before Tax

Net Interest Income

HFCL fundamental ratios Correlations

HFCL Account Relationship Matchups

High Positive Relationship

High Negative Relationship

HFCL fundamental ratios Accounts

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Additional Tools for HFCL Stock Analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Net Debt	+ 0.99	Short Long Term Debt Total
Inventory	+ 0.98	Total Stockholder Equity
Retained Earnings	+ 0.97	Total Current Assets
Net Debt	+ 0.95	Property Plant And Equipment Net
Retained Earnings	+ 0.95	Inventory
Property Plant And Equipment Net	+ 0.94	Short Long Term Debt Total

Retained Earnings	- 0.8	Current Deferred Revenue
Current Deferred Revenue	- 0.74	Inventory
Current Deferred Revenue	- 0.74	Net Receivables
Current Deferred Revenue	- 0.72	Total Current Assets
Good Will	- 0.72	Net Debt
Good Will	- 0.7	Short Long Term Debt Total