Innova Net Debt vs Capital Stock Analysis
INNOVACAP | 1,022 16.90 1.68% |
Innova Captab financial indicator trend analysis is infinitely more than just investigating Innova Captab Limited recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Innova Captab Limited is a good investment. Please check the relationship between Innova Captab Net Debt and its Capital Stock accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Innova Captab 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 real.
Net Debt vs Capital Stock
Net Debt vs Capital Stock Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Innova Captab Limited Net Debt account and Capital Stock. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Innova Captab's Net Debt and Capital Stock is 0.8. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Capital Stock in the same time period over historical financial statements of Innova Captab Limited, assuming nothing else is changed. The correlation between historical values of Innova Captab's Net Debt and Capital Stock 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 Debt of Innova Captab Limited are associated (or correlated) with its Capital Stock. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capital Stock has no effect on the direction of Net Debt i.e., Innova Captab's Net Debt and Capital Stock go up and down completely randomly.
Correlation Coefficient | 0.8 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Net Debt
The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.Capital Stock
The total amount of a company's capital funded by shareholders through the issue and subscription of shares.Most indicators from Innova Captab's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Innova Captab 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 Innova Captab 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 real. At present, Innova Captab's Issuance Of Capital Stock is projected to increase significantly based on the last few years of reporting.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 53.0M | 199.7M | 214.6M | 124.5M | Depreciation And Amortization | 75.0M | 110.8M | 159.6M | 109.6M |
Innova Captab fundamental ratios Correlations
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Innova Captab Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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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 Innova Stock
Balance Sheet is a snapshot of the financial position of Innova Captab Limited at a specified time, usually calculated after every quarter, six months, or one year. Innova Captab Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Innova Captab 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 Innova currently owns. An asset can also be divided into two categories, current and non-current.