KPIT Cash And Short Term Investments vs Non Currrent Assets Other Analysis

KPITTECH   1,308  18.25  1.41%   
KPIT Technologies financial indicator trend analysis is infinitely more than just investigating KPIT Technologies recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether KPIT Technologies is a good investment. Please check the relationship between KPIT Technologies Cash And Short Term Investments and its Non Currrent Assets Other accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in KPIT Technologies 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 estimate.

Cash And Short Term Investments vs Non Currrent Assets Other

Cash And Short Term Investments vs Non Currrent Assets Other Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of KPIT Technologies Cash And Short Term Investments account and Non Currrent Assets Other. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between KPIT Technologies' Cash And Short Term Investments and Non Currrent Assets Other is -0.01. Overlapping area represents the amount of variation of Cash And Short Term Investments that can explain the historical movement of Non Currrent Assets Other in the same time period over historical financial statements of KPIT Technologies Limited, assuming nothing else is changed. The correlation between historical values of KPIT Technologies' Cash And Short Term Investments and Non Currrent Assets Other is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash And Short Term Investments of KPIT Technologies Limited are associated (or correlated) with its Non Currrent Assets Other. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Currrent Assets Other has no effect on the direction of Cash And Short Term Investments i.e., KPIT Technologies' Cash And Short Term Investments and Non Currrent Assets Other go up and down completely randomly.

Correlation Coefficient

-0.01
Relationship DirectionNegative 
Relationship StrengthInsignificant

Cash And Short Term Investments

Short Term Investments is an account in the current assets section of KPIT Technologies balance sheet. This account contains KPIT Technologies investments that will expire within one year. These investments include stocks and bonds that can be liquidated by KPIT Technologies Limited fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.

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.
Most indicators from KPIT Technologies' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into KPIT Technologies 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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in KPIT Technologies 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 estimate.
The current year's Tax Provision is expected to grow to about 2.1 B. The current year's Selling General Administrative is expected to grow to about 2.7 B

KPIT Technologies fundamental ratios Correlations

0.750.890.960.970.50.18-0.660.970.970.810.840.430.330.690.720.770.00.090.90.360.81-0.310.970.940.42
0.750.730.650.810.25-0.19-0.40.850.670.690.690.710.030.460.560.63-0.31-0.050.610.40.68-0.160.660.690.74
0.890.730.820.850.340.09-0.590.890.80.710.780.490.150.560.540.76-0.170.010.940.380.76-0.080.880.750.27
0.960.650.820.870.620.4-0.680.890.950.760.840.260.410.660.650.790.220.10.860.370.81-0.430.990.870.39
0.970.810.850.870.34-0.06-0.60.990.940.80.760.60.210.650.80.67-0.20.040.80.360.75-0.210.870.960.5
0.50.250.340.620.340.8-0.440.370.560.420.55-0.40.890.76-0.10.470.80.620.58-0.220.59-0.630.630.43-0.06
0.18-0.190.090.4-0.060.8-0.26-0.020.230.090.29-0.70.720.4-0.290.290.920.480.35-0.210.31-0.480.40.07-0.3
-0.66-0.4-0.59-0.68-0.6-0.44-0.26-0.63-0.68-0.92-0.86-0.36-0.27-0.43-0.4-0.87-0.220.13-0.61-0.53-0.890.74-0.68-0.580.06
0.970.850.890.890.990.37-0.02-0.630.940.810.790.610.190.640.750.72-0.180.010.820.40.78-0.250.90.930.51
0.970.670.80.950.940.560.23-0.680.940.790.790.350.40.770.690.70.10.210.830.230.79-0.360.940.960.34
0.810.690.710.760.80.420.09-0.920.810.790.940.570.250.540.580.90.05-0.080.690.540.96-0.620.760.760.26
0.840.690.780.840.760.550.29-0.860.790.790.940.410.320.540.520.980.19-0.040.810.540.97-0.590.850.710.27
0.430.710.490.260.6-0.4-0.7-0.360.610.350.570.41-0.5-0.010.640.41-0.77-0.50.220.610.410.050.250.440.55
0.330.030.150.410.210.890.72-0.270.190.40.250.32-0.50.78-0.190.190.770.790.41-0.460.4-0.510.420.35-0.23
0.690.460.560.660.650.760.4-0.430.640.770.540.54-0.010.780.180.390.350.760.68-0.360.64-0.30.680.750.04
0.720.560.540.650.8-0.1-0.29-0.40.750.690.580.520.64-0.190.180.47-0.38-0.350.430.580.44-0.030.60.780.62
0.770.630.760.790.670.470.29-0.870.720.70.90.980.410.190.390.470.17-0.190.770.650.94-0.580.810.60.23
0.0-0.31-0.170.22-0.20.80.92-0.22-0.180.10.050.19-0.770.770.35-0.380.170.510.12-0.30.22-0.610.19-0.04-0.36
0.09-0.050.010.10.040.620.480.130.010.21-0.08-0.04-0.50.790.76-0.35-0.190.510.19-0.850.080.00.130.22-0.24
0.90.610.940.860.80.580.35-0.610.820.830.690.810.220.410.680.430.770.120.190.240.78-0.230.930.750.13
0.360.40.380.370.36-0.22-0.21-0.530.40.230.540.540.61-0.46-0.360.580.65-0.3-0.850.240.43-0.310.340.190.4
0.810.680.760.810.750.590.31-0.890.780.790.960.970.410.40.640.440.940.220.080.780.43-0.620.820.730.21
-0.31-0.16-0.08-0.43-0.21-0.63-0.480.74-0.25-0.36-0.62-0.590.05-0.51-0.3-0.03-0.58-0.610.0-0.23-0.31-0.62-0.38-0.230.06
0.970.660.880.990.870.630.4-0.680.90.940.760.850.250.420.680.60.810.190.130.930.340.82-0.380.860.32
0.940.690.750.870.960.430.07-0.580.930.960.760.710.440.350.750.780.6-0.040.220.750.190.73-0.230.860.44
0.420.740.270.390.5-0.06-0.30.060.510.340.260.270.55-0.230.040.620.23-0.36-0.240.130.40.210.060.320.44
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KPIT Technologies Account Relationship Matchups

KPIT Technologies fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets16.4B19.7B23.4B34.0B41.7B24.3B
Short Long Term Debt Total2.0B2.3B2.3B2.9B3.3B2.8B
Other Current Liab618.6M1.9B3.3B6.0B5.6B3.0B
Total Current Liabilities4.6B5.3B7.1B11.7B15.1B7.8B
Total Stockholder Equity10.5B12.1B13.1B16.5B21.5B13.8B
Property Plant And Equipment Net3.8B4.6B4.4B4.8B5.4B4.2B
Current Deferred Revenue2.2B2.8B4.6B5.4B4.7B3.4B
Net Debt(722.1M)(558.0M)(1.1B)(1.7B)(4.4B)(4.2B)
Retained Earnings5.9B7.4B8.5B11.2B15.9B9.1B
Accounts Payable846.7M1.4B1.4B1.6B2.4B1.4B
Cash2.8B2.9B3.4B4.5B7.7B8.1B
Non Current Assets Total6.2B6.7B8.2B19.0B21.5B22.6B
Non Currrent Assets Other494.7M249.9M549.0M581.0M1.7B1.8B
Other Assets903.5M803.6M1.3B706.7M812.7M618.9M
Cash And Short Term Investments3.9B8.3B9.8B6.2B8.6B5.9B
Net Receivables5.9B4.3B4.8B7.7B9.6B7.2B
Good Will987.8M1.0B1.7B10.1B11.5B12.0B
Common Stock Shares Outstanding269.6M270.5M272.9M273.1M273.1M281.3M
Short Term Investments1.1B5.4B6.4B1.6B862.9M819.8M
Liabilities And Stockholders Equity16.4B19.7B23.4B34.0B41.7B24.3B
Non Current Liabilities Total1.3B2.3B3.0B5.7B4.9B2.7B
Inventory115.3M(1.3B)(1.1B)587.5M902.5M947.6M
Other Current Assets249.7M344.4M610.2M799.8M1.1B1.2B
Other Stockholder Equity(8.5B)2.0B1.9B2.6B(15.9B)(15.1B)
Total Liab5.8B7.6B10.1B17.4B20.0B10.5B
Total Current Assets10.1B13.0B15.1B15.0B20.2B13.8B
Accumulated Other Comprehensive Income(1.2B)2.0B1.9B2.6B2.9B1.5B
Short Term Debt863.0M375.2M419.7M998.7M1.1B752.0M
Common Stock2.7B2.7B2.7B2.7B2.7B2.1B
Net Tangible Assets9.0B10.8B11.1B4.1B4.8B7.9B
Long Term Debt29.7M24.0M18.7M2.3M590K560.5K
Long Term Debt Total1.2B1.9B1.9B1.9B2.1B1.3B
Capital Lease Obligations1.5B2.3B2.2B2.4B2.8B1.8B
Net Invested Capital11.0B12.0B13.1B17.0B21.9B13.5B
Short Long Term Debt549.5M7.3M7.2M489.8M446.8M280.3M
Net Working Capital5.6B7.7B8.1B3.3B5.0B5.6B
Intangible Assets520.1M285.0M289.8M2.3B2.8B3.0B
Property Plant Equipment3.8B4.6B4.4B4.8B5.5B3.7B
Other Liab120.9M377.0M1.2B3.8B4.4B4.6B
Capital Stock2.7B2.7B2.7B2.7B2.7B3.0B

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Other Information on Investing in KPIT Stock

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