Indian Non Currrent Assets Other vs Total Current Assets Analysis

IOB Stock   50.31  0.50  1.00%   
Indian Overseas financial indicator trend analysis is infinitely more than just investigating Indian Overseas Bank recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Indian Overseas Bank is a good investment. Please check the relationship between Indian Overseas Non Currrent Assets Other and its Total Current Assets accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Indian Overseas Bank. 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.

Non Currrent Assets Other vs Total Current Assets

Non Currrent Assets Other vs Total Current Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Indian Overseas Bank Non Currrent Assets Other account and Total Current Assets. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Indian Overseas' Non Currrent Assets Other and Total Current Assets is -0.21. Overlapping area represents the amount of variation of Non Currrent Assets Other that can explain the historical movement of Total Current Assets in the same time period over historical financial statements of Indian Overseas Bank, assuming nothing else is changed. The correlation between historical values of Indian Overseas' Non Currrent Assets Other and Total Current Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Non Currrent Assets Other of Indian Overseas Bank are associated (or correlated) with its Total Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Assets has no effect on the direction of Non Currrent Assets Other i.e., Indian Overseas' Non Currrent Assets Other and Total Current Assets go up and down completely randomly.

Correlation Coefficient

-0.21
Relationship DirectionNegative 
Relationship StrengthInsignificant

Non Currrent Assets Other

Assets that are not physical or tangible, expected to provide value for more than one year, and not easily converted into cash, such as long-term investments or patents.

Total Current Assets

The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.
Most indicators from Indian Overseas' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Indian Overseas Bank 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 Indian Overseas Bank. 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 Selling General Administrative is expected to grow to about 899.5 M. The current year's Tax Provision is expected to grow to about 7.9 B
 2021 2022 2023 2024 (projected)
Interest Expense104.2B111.5B142.3B118.3B
Depreciation And Amortization1.7B2.6B3.4B2.0B

Indian Overseas fundamental ratios Correlations

0.450.450.260.880.89-0.210.150.60.23-0.870.230.41-0.020.240.331.00.350.43-0.480.050.380.44-0.24-0.350.22
0.45-0.050.230.280.270.620.11-0.220.37-0.25-0.230.2-0.240.770.490.460.35-0.270.290.46-0.230.090.650.43-0.58
0.45-0.050.440.280.63-0.410.660.59-0.18-0.380.420.38-0.6-0.140.070.460.160.28-0.47-0.570.36-0.09-0.46-0.30.32
0.260.230.440.120.19-0.120.75-0.070.62-0.26-0.480.17-0.3-0.120.020.270.020.17-0.070.180.040.11-0.01-0.01-0.19
0.880.280.280.120.86-0.35-0.120.520.26-0.850.160.050.250.00.170.86-0.030.68-0.650.250.540.79-0.25-0.610.42
0.890.270.630.190.86-0.420.10.710.13-0.830.30.37-0.230.00.210.880.230.58-0.7-0.160.530.44-0.41-0.550.43
-0.210.62-0.41-0.12-0.35-0.420.07-0.69-0.110.44-0.04-0.240.020.850.15-0.20.03-0.690.770.37-0.58-0.310.910.78-0.79
0.150.110.660.75-0.120.10.070.03-0.040.040.10.22-0.440.110.070.170.09-0.220.17-0.24-0.18-0.280.020.25-0.26
0.6-0.220.59-0.070.520.71-0.690.03-0.2-0.640.530.51-0.19-0.230.30.60.340.44-0.64-0.620.370.11-0.79-0.570.69
0.230.37-0.180.620.260.13-0.11-0.04-0.2-0.4-0.870.090.01-0.150.090.220.070.34-0.150.580.130.380.07-0.12-0.17
-0.87-0.25-0.38-0.26-0.85-0.830.440.04-0.64-0.4-0.07-0.3-0.070.04-0.28-0.87-0.21-0.710.72-0.04-0.59-0.530.440.6-0.45
0.23-0.230.42-0.480.160.3-0.040.10.53-0.87-0.070.04-0.010.220.040.240.03-0.03-0.16-0.620.09-0.17-0.26-0.140.37
0.410.20.380.170.050.37-0.240.220.510.09-0.30.04-0.610.080.340.440.92-0.17-0.05-0.450.01-0.44-0.380.14-0.07
-0.02-0.24-0.6-0.30.25-0.230.02-0.44-0.190.01-0.07-0.01-0.61-0.1-0.24-0.04-0.520.27-0.050.540.150.570.09-0.250.2
0.240.77-0.14-0.120.00.00.850.11-0.23-0.150.040.220.08-0.10.490.260.32-0.570.560.17-0.5-0.250.690.64-0.61
0.330.490.070.020.170.210.150.070.30.09-0.280.040.34-0.240.490.350.46-0.280.21-0.03-0.38-0.060.150.36-0.29
1.00.460.460.270.860.88-0.20.170.60.22-0.870.240.44-0.040.260.350.380.4-0.460.030.370.4-0.23-0.320.19
0.350.350.160.02-0.030.230.030.090.340.07-0.210.030.92-0.520.320.460.38-0.370.19-0.32-0.19-0.51-0.130.37-0.28
0.43-0.270.280.170.680.58-0.69-0.220.440.34-0.71-0.03-0.170.27-0.57-0.280.4-0.37-0.930.070.830.71-0.59-0.930.76
-0.480.29-0.47-0.07-0.65-0.70.770.17-0.64-0.150.72-0.16-0.05-0.050.560.21-0.460.19-0.930.19-0.87-0.530.730.91-0.8
0.050.46-0.570.180.25-0.160.37-0.24-0.620.58-0.04-0.62-0.450.540.17-0.030.03-0.320.070.190.020.60.610.13-0.4
0.38-0.230.360.040.540.53-0.58-0.180.370.13-0.590.090.010.15-0.5-0.380.37-0.190.83-0.870.020.48-0.54-0.740.61
0.440.09-0.090.110.790.44-0.31-0.280.110.38-0.53-0.17-0.440.57-0.25-0.060.4-0.510.71-0.530.60.48-0.05-0.620.39
-0.240.65-0.46-0.01-0.25-0.410.910.02-0.790.070.44-0.26-0.380.090.690.15-0.23-0.13-0.590.730.61-0.54-0.050.7-0.77
-0.350.43-0.3-0.01-0.61-0.550.780.25-0.57-0.120.6-0.140.14-0.250.640.36-0.320.37-0.930.910.13-0.74-0.620.7-0.92
0.22-0.580.32-0.190.420.43-0.79-0.260.69-0.17-0.450.37-0.070.2-0.61-0.290.19-0.280.76-0.8-0.40.610.39-0.77-0.92
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Indian Overseas Account Relationship Matchups

Indian Overseas fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets2.6T2.7T3.0T3.1T3.5T2.4T
Short Long Term Debt Total69.0B43.3B37.7B208.1B303.9B154.5B
Other Current Liab(561.3M)(402.2M)(414.4M)(1.6B)(4.0B)(4.2B)
Total Current Liabilities561.3M402.2M414.4M1.6B1.3T1.3T
Total Stockholder Equity161.5B169.4B232.2B248.8B275.6B145.0B
Property Plant And Equipment Net31.3B29.2B33.7B37.1B37.4B24.9B
Net Debt(183.0B)(264.5B)(331.8B)(170.6M)(188.1B)(178.7B)
Accounts Payable561.3M402.2M414.4M1.6B4.0B3.8B
Cash240.6B307.8B369.5B208.2B188.1B203.8B
Non Current Assets Total31.3B29.2B33.7B37.1B4.3T4.5T
Non Currrent Assets Other(794.2B)(954.9B)(982.7B)(936.4B)(1.0T)(977.9B)
Other Assets2.4T2.5T2.8T3.0T(942.1B)(895.0B)
Cash And Short Term Investments223.5B197.5B153.6B48.0B188.1B171.0B
Common Stock Shares Outstanding2.7B5.5B10.7B18.9B17.0B11.1B
Liabilities And Stockholders Equity2.6T2.7T3.0T3.1T3.5T2.4T
Non Current Liabilities Total39.4B34.2B30.7B200.0B53.4B50.7B
Other Stockholder Equity(38.5B)69.2B157.1B85.6B85.6B96.1B
Total Liab2.4T2.6T2.8T2.9T3.2T2.2T
Total Current Assets223.5B197.5B153.6B48.0B188.1B190.1B
Accumulated Other Comprehensive Income(29.2B)124.0B131.4B138.7B145.8B153.0B
Retained Earnings(189.8B)(188.1B)(180.0B)(164.5B)(144.7B)(137.5B)
Net Receivables54.0B51.1B60.0B81.9B124.9B75.4B
Other Liab43.5B156.0B131.1B104.1B119.7B87.1B
Net Tangible Assets163.6B161.5B169.4B232.2B267.1B179.9B
Long Term Debt54.2B36.7B30.7B208.0B187.2B103.3B
Inventory(359.7B)(393.5B)(460.4B)(326.3B)(313.1B)(328.7B)
Other Current Assets305.7B342.4B400.4B244.4B188.1B254.5B
Long Term Investments794.2B954.9B981.8B936.4B991.9B901.8B
Short Term Debt14.8B2.8B114.9M81.3M256.2B269.0B
Property Plant Equipment31.3B29.2B33.7B37.1B42.7B33.9B
Current Deferred Revenue(14.2B)(2.4B)299.4M1.5B(4.0B)(4.2B)
Long Term Debt Total54.2B36.7B30.7B208.0B187.2B196.6B
Capital Surpluse40.3B60.0B69.2B85.6B98.4B75.8B
Earning Assets818.5B855.0B940.6B954.9B1.1T950.0B
Net Invested Capital219.2B206.2B260.7B456.8B579.5B343.2B
Short Term Investments(17.1B)(110.2B)(216.0B)(160.3B)(6K)(6.3K)

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Other Information on Investing in Indian Stock

Balance Sheet is a snapshot of the financial position of Indian Overseas Bank at a specified time, usually calculated after every quarter, six months, or one year. Indian Overseas Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Indian Overseas 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 Indian currently owns. An asset can also be divided into two categories, current and non-current.