| INDRAMEDCO | | | 431.25 5.00 1.17% |
Indraprastha Medical financial indicator trend analysis is infinitely more than just investigating Indraprastha Medical recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Indraprastha Medical is a good investment. Please check the relationship between Indraprastha Medical Accounts Payable and its Other Stockholder Equity accounts. Check out
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Indraprastha Medical. 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.
Accounts Payable vs Other Stockholder Equity
Accounts Payable vs Other Stockholder Equity Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Indraprastha Medical Accounts Payable account and
Other Stockholder Equity. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Indraprastha Medical's Accounts Payable and Other Stockholder Equity is -0.3. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Other Stockholder Equity in the same time period over historical financial statements of Indraprastha Medical, assuming nothing else is changed. The correlation between historical values of Indraprastha Medical's Accounts Payable and Other Stockholder Equity is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Accounts Payable of Indraprastha Medical are associated (or correlated) with its Other Stockholder Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Stockholder Equity has no effect on the direction of Accounts Payable i.e., Indraprastha Medical's Accounts Payable and Other Stockholder Equity go up and down completely randomly.
Correlation Coefficient | -0.3 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Accounts Payable
An accounting item on the balance sheet that represents Indraprastha Medical obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Indraprastha Medical are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.
Other Stockholder Equity
Most indicators from Indraprastha Medical's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Indraprastha Medical 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 Indraprastha Medical. 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.
The current year's
Tax Provision is expected to grow to about 442.6
M, whereas
Selling General Administrative is forecasted to decline to about 111.6
M.
Indraprastha Medical fundamental ratios Correlations
Click cells to compare fundamentals
Indraprastha Medical Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Indraprastha Medical 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 Indraprastha Stock
Balance Sheet is a snapshot of the
financial position of Indraprastha Medical at a specified time, usually calculated after every quarter, six months, or one year. Indraprastha Medical Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Indraprastha Medical 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 Indraprastha currently owns. An asset can also be divided into two categories, current and non-current.