Samvardhana Income Tax Expense vs Interest Expense Analysis

MOTHERSON   164.12  0.47  0.29%   
Samvardhana Motherson financial indicator trend analysis is much more than just breaking down Samvardhana Motherson prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Samvardhana Motherson is a good investment. Please check the relationship between Samvardhana Motherson Income Tax Expense and its Interest Expense accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Samvardhana Motherson International. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.

Income Tax Expense vs Interest Expense

Income Tax Expense vs Interest Expense Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Samvardhana Motherson Income Tax Expense account and Interest Expense. At this time, the significance of the direction appears to have almost no relationship.
The correlation between Samvardhana Motherson's Income Tax Expense and Interest Expense is 0.14. Overlapping area represents the amount of variation of Income Tax Expense that can explain the historical movement of Interest Expense in the same time period over historical financial statements of Samvardhana Motherson International, assuming nothing else is changed. The correlation between historical values of Samvardhana Motherson's Income Tax Expense and Interest Expense is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Income Tax Expense of Samvardhana Motherson International are associated (or correlated) with its Interest Expense. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Interest Expense has no effect on the direction of Income Tax Expense i.e., Samvardhana Motherson's Income Tax Expense and Interest Expense go up and down completely randomly.

Correlation Coefficient

0.14
Relationship DirectionPositive 
Relationship StrengthInsignificant

Income Tax Expense

Interest Expense

The cost incurred by an entity for borrowed funds, including loans, bonds, or lines of credit.
Most indicators from Samvardhana Motherson's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Samvardhana Motherson 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 Samvardhana Motherson International. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.
Selling General Administrative is likely to gain to about 17.7 B in 2024, whereas Tax Provision is likely to drop slightly above 6.4 B in 2024.
 2021 2022 2023 2024 (projected)
Interest Expense3.1B7.8B18.1B19.0B
Depreciation And Amortization29.4B31.6B38.1B40.0B

Samvardhana Motherson fundamental ratios Correlations

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0.990.990.960.970.960.970.970.970.940.990.970.920.050.710.960.950.950.650.980.980.940.960.390.930.82
0.970.980.950.970.950.970.930.970.860.970.950.85-0.010.730.940.940.940.650.980.970.920.960.360.950.79
0.970.980.930.940.950.970.930.950.970.970.960.960.030.70.970.890.920.620.970.970.920.970.430.870.88
0.990.970.991.00.960.970.970.950.90.970.980.89-0.120.750.930.950.970.611.01.00.950.980.370.960.77
0.930.950.90.890.890.940.860.970.90.930.930.940.150.610.970.840.840.550.930.920.850.910.310.80.86
1.00.980.970.980.990.990.970.970.970.930.980.93-0.020.750.950.950.960.730.990.980.970.980.440.950.81
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0.930.920.880.890.930.920.850.960.890.940.930.89-0.090.740.910.880.840.710.910.910.920.910.610.830.79
-0.050.05-0.11-0.14-0.130.05-0.010.03-0.120.15-0.02-0.02-0.09-0.390.19-0.17-0.08-0.23-0.05-0.08-0.22-0.1-0.55-0.220.36
0.750.710.740.760.790.710.730.70.750.610.750.710.74-0.390.630.780.730.680.740.750.810.750.660.780.46
0.950.980.90.910.910.960.940.970.930.970.950.940.910.190.630.880.880.560.950.950.860.930.280.840.91
0.960.940.940.960.950.950.940.890.950.840.950.930.88-0.170.780.880.90.710.960.960.950.920.470.950.63
0.960.930.970.970.940.950.940.920.970.840.960.960.84-0.080.730.880.90.610.960.960.940.970.360.960.77
0.680.630.630.640.80.650.650.620.610.550.730.620.71-0.230.680.560.710.610.630.630.80.690.690.70.38
1.00.990.990.990.970.980.980.971.00.930.990.990.91-0.050.740.950.960.960.631.00.950.980.370.950.8
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0.960.920.950.960.980.940.920.920.950.850.970.930.92-0.220.810.860.950.940.80.950.950.960.60.960.69
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0.420.350.350.390.510.390.360.430.370.310.440.30.61-0.550.660.280.470.360.690.370.390.60.420.440.22
0.960.920.970.980.950.930.950.870.960.80.950.940.83-0.220.780.840.950.960.70.950.950.960.950.440.65
0.80.850.730.740.740.820.790.880.770.860.810.790.790.360.460.910.630.770.380.80.790.690.810.220.65
Click cells to compare fundamentals

Samvardhana Motherson Account Relationship Matchups

Samvardhana Motherson fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets455.0B480.9B562.7B618.5B850.2B892.7B
Short Long Term Debt Total131.4B119.3B141.3B137.9B199.2B209.2B
Other Current Liab50.5B61.3B59.1B63.5B105.4B110.6B
Total Current Liabilities195.8B211.3B222.9B275.2B417.2B438.1B
Total Stockholder Equity112.6B125.6B205.9B224.5B261.5B274.6B
Property Plant And Equipment Net170.9B166.5B173.8B189.8B240.8B252.9B
Net Debt82.7B60.3B92.5B92.5B131.8B138.4B
Retained Earnings70.6B81.1B76.4B94.2B123.2B129.4B
Accounts Payable103.2B111.4B113.6B141.4B226.2B237.5B
Cash48.7B59.0B48.8B45.4B67.4B70.8B
Non Current Assets Total260.3B260.6B336.5B350.7B447.5B469.9B
Non Currrent Assets Other32.5B33.4B38.4B32.9B62.8B66.0B
Cash And Short Term Investments50.0B59.8B51.9B87.2B76.8B80.6B
Net Receivables92.4B108.5B107.5B(39.7B)6.0B5.7B
Liabilities And Stockholders Equity455.0B480.9B562.7B618.5B850.2B892.7B
Non Current Liabilities Total110.9B103.7B116.2B99.6B150.9B158.4B
Inventory51.6B50.0B64.4B78.2B91.4B96.0B
Other Current Assets93.1B110.5B109.8B140.2B234.5B246.3B
Total Liab306.7B315.0B339.1B374.7B568.1B596.5B
Total Current Assets194.7B220.3B226.2B267.8B402.7B422.9B
Good Will24.1B24.7B33.7B37.7B57.5B60.4B
Short Term Investments1.3B833M3.2B41.8B9.4B5.4B
Short Term Debt38.5B35.2B46.2B59.7B80.2B84.2B
Intangible Assets19.9B17.3B14.5B13.7B22.0B23.1B
Current Deferred Revenue53.8B50.0B44.6B53.8B5.5B5.2B
Accumulated Other Comprehensive Income10.8B13.4B(143.5B)(139.2B)(131.2B)(124.6B)

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