| MAITHANALL | | | 1,062 0.50 0.05% |
Maithan Alloys financial indicator trend analysis is infinitely more than just investigating Maithan Alloys recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Maithan Alloys is a good investment. Please check the relationship between Maithan Alloys Total Current Liabilities and its Total Current Assets accounts. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Maithan Alloys 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 rate.
Total Current Liabilities vs Total Current Assets
Total Current Liabilities vs Total Current Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Maithan Alloys Total Current Liabilities account and
Total Current Assets. At this time, the significance of the direction appears to have very week relationship.
The correlation between Maithan Alloys' Total Current Liabilities and Total Current Assets is 0.23. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Total Current Assets in the same time period over historical financial statements of Maithan Alloys Limited, assuming nothing else is changed. The correlation between historical values of Maithan Alloys' Total Current Liabilities 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 Total Current Liabilities of Maithan Alloys Limited 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 Total Current Liabilities i.e., Maithan Alloys' Total Current Liabilities and Total Current Assets go up and down completely randomly.
Correlation Coefficient | 0.23 |
| Relationship Direction | Positive |
| Relationship Strength | Very Weak |
Total Current Liabilities
Total Current Liabilities is an item on Maithan Alloys balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Maithan Alloys 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.
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 Maithan Alloys' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Maithan Alloys 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 Maithan Alloys 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 rate.
As of the 23rd of November 2024,
Tax Provision is likely to grow to about 1.1
B, while
Selling General Administrative is likely to drop about 32.6
M.
Maithan Alloys fundamental ratios Correlations
Click cells to compare fundamentals
Maithan Alloys Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Maithan Alloys fundamental ratios Accounts
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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 Maithan Stock
Balance Sheet is a snapshot of the
financial position of Maithan Alloys at a specified time, usually calculated after every quarter, six months, or one year. Maithan Alloys Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Maithan Alloys 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 Maithan currently owns. An asset can also be divided into two categories, current and non-current.