Hindustan Total Current Liabilities vs Short Term Investments Analysis

HINDZINC   504.60  10.55  2.14%   
Hindustan Zinc financial indicator trend analysis is much more than just examining Hindustan Zinc latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Hindustan Zinc is a good investment. Please check the relationship between Hindustan Zinc Total Current Liabilities and its Short Term Investments accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Hindustan Zinc 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 nation.

Total Current Liabilities vs Short Term Investments

Total Current Liabilities vs Short Term Investments Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Hindustan Zinc Total Current Liabilities account and Short Term Investments. At this time, the significance of the direction appears to have very week relationship.
The correlation between Hindustan Zinc's Total Current Liabilities and Short Term Investments is 0.23. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Short Term Investments in the same time period over historical financial statements of Hindustan Zinc Limited, assuming nothing else is changed. The correlation between historical values of Hindustan Zinc's Total Current Liabilities and Short Term Investments 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 Zinc Limited are associated (or correlated) with its Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Term Investments has no effect on the direction of Total Current Liabilities i.e., Hindustan Zinc's Total Current Liabilities and Short Term Investments go up and down completely randomly.

Correlation Coefficient

0.23
Relationship DirectionPositive 
Relationship StrengthVery Weak

Total Current Liabilities

Total Current Liabilities is an item on Hindustan Zinc 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 Zinc 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.

Short Term Investments

Short Term Investments is an item under the current assets section of Hindustan Zinc balance sheet. It contains any investments Hindustan Zinc Limited undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that Hindustan Zinc can easily liquidate in the marketplace.
Most indicators from Hindustan Zinc's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Hindustan Zinc 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 Zinc 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 nation.
As of the 30th of November 2024, Tax Provision is likely to grow to about 30 B, while Selling General Administrative is likely to drop about 294.5 M.
 2021 2022 2023 2024 (projected)
Interest Expense2.7B3.3B9.6B10.0B
Depreciation And Amortization29.2B32.6B34.7B36.4B

Hindustan Zinc fundamental ratios Correlations

0.330.610.470.830.570.020.730.16-0.040.730.120.85-0.05-0.090.020.570.360.00.370.910.250.74-0.010.360.68
0.330.370.63-0.080.350.7-0.210.64-0.460.41-0.120.13-0.290.30.650.390.280.070.790.20.550.340.660.260.16
0.610.370.770.280.130.210.240.03-0.360.3-0.180.57-0.5-0.05-0.10.250.460.140.580.650.030.230.160.490.71
0.470.630.77-0.080.480.69-0.080.44-0.570.53-0.270.17-0.6-0.060.230.60.580.090.880.310.310.350.70.680.23
0.83-0.080.28-0.080.25-0.450.89-0.190.310.420.330.880.28-0.06-0.250.210.09-0.03-0.160.87-0.020.54-0.480.050.68
0.570.350.130.480.250.510.190.65-0.350.96-0.140.09-0.16-0.080.460.90.16-0.280.540.20.650.710.440.31-0.09
0.020.70.210.69-0.450.51-0.580.78-0.770.47-0.4-0.4-0.610.360.690.530.39-0.060.87-0.250.70.110.870.52-0.29
0.73-0.210.24-0.080.890.19-0.58-0.390.410.30.320.830.42-0.45-0.50.130.070.0-0.320.8-0.330.44-0.5-0.040.65
0.160.640.030.44-0.190.650.78-0.39-0.490.6-0.29-0.23-0.290.430.870.580.030.070.74-0.130.820.390.640.18-0.32
-0.04-0.46-0.36-0.570.31-0.35-0.770.41-0.49-0.390.350.270.74-0.19-0.35-0.31-0.260.04-0.620.18-0.470.15-0.41-0.36-0.08
0.730.410.30.530.420.960.470.30.6-0.39-0.080.31-0.270.00.420.860.19-0.250.580.390.650.750.350.340.15
0.12-0.12-0.18-0.270.33-0.14-0.40.32-0.290.35-0.080.30.42-0.15-0.34-0.12-0.180.3-0.370.2-0.360.14-0.34-0.150.17
0.850.130.570.170.880.09-0.40.83-0.230.270.310.30.13-0.12-0.260.10.130.110.020.96-0.140.52-0.370.050.86
-0.05-0.29-0.5-0.60.28-0.16-0.610.42-0.290.74-0.270.420.13-0.29-0.24-0.17-0.240.06-0.620.09-0.360.03-0.38-0.39-0.12
-0.090.3-0.05-0.06-0.06-0.080.36-0.450.43-0.190.0-0.15-0.12-0.290.57-0.08-0.12-0.110.33-0.130.56-0.070.250.08-0.14
0.020.65-0.10.23-0.250.460.69-0.50.87-0.350.42-0.34-0.26-0.240.570.36-0.09-0.130.64-0.220.870.310.55-0.03-0.34
0.570.390.250.60.210.90.530.130.58-0.310.86-0.120.1-0.17-0.080.360.34-0.270.60.250.610.690.540.57-0.08
0.360.280.460.580.090.160.390.070.03-0.260.19-0.180.13-0.24-0.12-0.090.340.240.420.370.070.140.390.830.18
0.00.070.140.09-0.03-0.28-0.060.00.070.04-0.250.30.110.06-0.11-0.13-0.270.240.00.15-0.280.01-0.110.020.11
0.370.790.580.88-0.160.540.87-0.320.74-0.620.58-0.370.02-0.620.330.640.60.420.00.160.660.380.80.550.05
0.910.20.650.310.870.2-0.250.8-0.130.180.390.20.960.09-0.13-0.220.250.370.150.16-0.050.55-0.220.280.82
0.250.550.030.31-0.020.650.7-0.330.82-0.470.65-0.36-0.14-0.360.560.870.610.07-0.280.66-0.050.470.50.22-0.24
0.740.340.230.350.540.710.110.440.390.150.750.140.520.03-0.070.310.690.140.010.380.550.470.180.160.13
-0.010.660.160.7-0.480.440.87-0.50.64-0.410.35-0.34-0.37-0.380.250.550.540.39-0.110.8-0.220.50.180.55-0.41
0.360.260.490.680.050.310.52-0.040.18-0.360.34-0.150.05-0.390.08-0.030.570.830.020.550.280.220.160.550.08
0.680.160.710.230.68-0.09-0.290.65-0.32-0.080.150.170.86-0.12-0.14-0.34-0.080.180.110.050.82-0.240.13-0.410.08
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Hindustan Zinc Account Relationship Matchups

Hindustan Zinc fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets469.8B457.3B446.7B354.7B339.0B355.3B
Short Long Term Debt Total6.4B72.0B31.2B121.9B91.2B95.8B
Other Current Liab32.8B20.5B27.9B36.7B20.2B28.6B
Total Current Liabilities54.1B78.8B60.9B174.5B108.4B61.8B
Total Stockholder Equity403.1B323.1B342.8B129.3B152.0B271.0B
Property Plant And Equipment Net190.8B187.9B195.2B197.7B196.7B124.0B
Net Debt(12.4B)68.9B15.3B121.3B90.7B95.2B
Retained Earnings290.8B210.8B231.2B121.2B39.9B37.9B
Accounts Payable2.7B15.5B20.4B20.9B21.1B22.1B
Cash18.8B3.1B15.9B590M530M503.5M
Non Current Assets Total221.6B211.6B206.9B206.6B212.7B166.9B
Non Currrent Assets Other11.6B11.8B2.8B2.9B8.4B8.0B
Cash And Short Term Investments222.3B179.6B172.9B113.5B100.2B156.6B
Net Receivables4.3B5.0B8.3B3.8B1.6B1.5B
Liabilities And Stockholders Equity469.8B457.3B446.7B354.7B339.0B355.3B
Non Current Liabilities Total12.5B55.4B43.0B50.8B78.6B82.5B
Inventory18.4B14.3B19.5B18.6B20.2B12.6B
Other Stockholder Equity(637.8B)103.8B103.2B(25.8B)(39.9B)(37.9B)
Total Liab66.7B134.1B103.9B225.4B187B196.4B
Total Current Assets248.1B245.7B239.8B148.0B126.3B188.4B
Accumulated Other Comprehensive Income(130.9B)103.8B103.2B103.5B103.6B108.7B
Intangible Assets980M1.2B1.2B920M1.8B1.9B
Short Term Debt6.2B28.8B10.1B106.7B47.0B49.3B
Current Deferred Revenue29.1B28.5B25.8B30.1B15.4B29.9B
Short Term Investments203.5B176.5B157.0B112.9B99.7B154.4B
Other Liab12.3B12.2B21.8B35.6B41.0B43.0B
Net Tangible Assets400.6B319.5B340.5B128.4B115.6B109.8B
Other Assets32B24.3B12.1B2.9B2.6B2.5B
Property Plant Equipment187.1B183.7B192.4B197.7B227.3B170.4B
Long Term Debt Total220M43.2B21.2B15.2B17.5B12.5B
Short Long Term Debt6.1B21.6B7.1B106.5B46.1B40.1B
Net Invested Capital409.2B387.9B371.0B250.8B240.5B272.0B
Net Working Capital194B166.9B178.9B(26.5B)17.8B16.9B

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Other Information on Investing in Hindustan Stock

Balance Sheet is a snapshot of the financial position of Hindustan Zinc at a specified time, usually calculated after every quarter, six months, or one year. Hindustan Zinc Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Hindustan Zinc 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.