Nippon Non Current Liabilities Total vs Short Term Investments Analysis

NAM-INDIA   537.75  7.95  1.50%   
Nippon Life financial indicator trend analysis is infinitely more than just investigating Nippon Life India recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Nippon Life India is a good investment. Please check the relationship between Nippon Life Non Current Liabilities Total and its Short Term Investments accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nippon Life India. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

Non Current Liabilities Total vs Short Term Investments

Non Current Liabilities Total vs Short Term Investments Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Nippon Life India Non Current Liabilities Total account and Short Term Investments. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Nippon Life's Non Current Liabilities Total and Short Term Investments is 0.86. Overlapping area represents the amount of variation of Non Current Liabilities Total that can explain the historical movement of Short Term Investments in the same time period over historical financial statements of Nippon Life India, assuming nothing else is changed. The correlation between historical values of Nippon Life's Non Current Liabilities Total and Short Term Investments 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 Current Liabilities Total of Nippon Life India are associated (or correlated) with its Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Term Investments has no effect on the direction of Non Current Liabilities Total i.e., Nippon Life's Non Current Liabilities Total and Short Term Investments go up and down completely randomly.

Correlation Coefficient

0.86
Relationship DirectionPositive 
Relationship StrengthStrong

Non Current Liabilities Total

Short Term Investments

Short Term Investments is an item under the current assets section of Nippon Life balance sheet. It contains any investments Nippon Life India undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that Nippon Life India can easily liquidate in the marketplace.
Most indicators from Nippon Life's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Nippon Life India 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 Nippon Life India. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.
At present, Nippon Life's Issuance Of Capital Stock is projected to increase significantly based on the last few years of reporting.
 2022 2023 2024 2025 (projected)
Gross Profit10.0B16.7B19.2B10.6B
Total Revenue13.5B20.4B23.4B13.4B

Nippon Life fundamental ratios Correlations

0.490.270.681.00.440.310.98-0.32-0.130.38-0.110.70.080.690.70.82-0.32-0.180.340.970.670.880.880.690.91
0.490.290.550.480.050.030.420.450.330.12-0.450.320.770.110.280.35-0.140.050.010.550.380.770.520.270.4
0.270.290.690.250.06-0.410.190.210.49-0.41-0.420.51-0.160.270.450.150.09-0.12-0.330.410.510.280.290.060.16
0.680.550.690.660.13-0.230.60.310.420.18-0.610.520.060.430.460.43-0.20.020.10.810.520.640.630.490.59
1.00.480.250.660.440.330.98-0.34-0.150.39-0.090.70.080.690.70.83-0.32-0.190.350.970.660.870.870.690.91
0.440.050.060.130.440.150.47-0.55-0.130.20.220.34-0.120.530.350.480.23-0.350.30.370.260.250.320.490.38
0.310.03-0.41-0.230.330.150.46-0.56-0.930.250.760.27-0.110.360.360.460.05-0.470.350.140.220.230.00.420.36
0.980.420.190.60.980.470.46-0.4-0.290.360.040.70.010.720.710.82-0.23-0.250.430.920.660.810.760.730.88
-0.320.450.210.31-0.34-0.55-0.56-0.40.69-0.14-0.72-0.350.53-0.5-0.42-0.470.010.5-0.17-0.15-0.24-0.06-0.17-0.33-0.37
-0.130.330.490.42-0.15-0.13-0.93-0.290.69-0.19-0.87-0.120.38-0.29-0.22-0.29-0.090.46-0.310.06-0.050.050.19-0.28-0.18
0.380.12-0.410.180.390.20.250.36-0.14-0.19-0.11-0.20.010.12-0.180.24-0.56-0.170.240.34-0.270.380.420.350.4
-0.11-0.45-0.42-0.61-0.090.220.760.04-0.72-0.87-0.110.1-0.380.240.190.190.41-0.420.14-0.280.04-0.29-0.380.19-0.05
0.70.320.510.520.70.340.270.7-0.35-0.12-0.20.1-0.030.770.990.850.13-0.230.290.690.980.560.540.660.79
0.080.77-0.160.060.08-0.12-0.110.010.530.380.01-0.38-0.03-0.19-0.070.10.010.470.10.120.090.390.24-0.020.06
0.690.110.270.430.690.530.360.72-0.5-0.290.120.240.77-0.190.790.820.17-0.240.430.640.730.430.470.760.73
0.70.280.450.460.70.350.360.71-0.42-0.22-0.180.190.99-0.070.790.860.14-0.270.320.670.970.540.510.680.79
0.820.350.150.430.830.480.460.82-0.47-0.290.240.190.850.10.820.860.04-0.160.470.770.830.680.680.840.92
-0.32-0.140.09-0.2-0.320.230.05-0.230.01-0.09-0.560.410.130.010.170.140.040.160.26-0.320.19-0.47-0.540.18-0.3
-0.180.05-0.120.02-0.19-0.35-0.47-0.250.50.46-0.17-0.42-0.230.47-0.24-0.27-0.160.160.17-0.09-0.06-0.17-0.02-0.16-0.19
0.340.01-0.330.10.350.30.350.43-0.17-0.310.240.140.290.10.430.320.470.260.170.240.30.060.070.540.43
0.970.550.410.810.970.370.140.92-0.150.060.34-0.280.690.120.640.670.77-0.32-0.090.240.670.890.90.660.88
0.670.380.510.520.660.260.220.66-0.24-0.05-0.270.040.980.090.730.970.830.19-0.060.30.670.550.530.630.75
0.880.770.280.640.870.250.230.81-0.060.050.38-0.290.560.390.430.540.68-0.47-0.170.060.890.550.90.470.79
0.880.520.290.630.870.320.00.76-0.170.190.42-0.380.540.240.470.510.68-0.54-0.020.070.90.530.90.440.82
0.690.270.060.490.690.490.420.73-0.33-0.280.350.190.66-0.020.760.680.840.18-0.160.540.660.630.470.440.78
0.910.40.160.590.910.380.360.88-0.37-0.180.4-0.050.790.060.730.790.92-0.3-0.190.430.880.750.790.820.78
Click cells to compare fundamentals

Nippon Life Account Relationship Matchups

Nippon Life fundamental ratios Accounts

202020212022202320242025 (projected)
Total Assets33.9B38.0B38.6B43.8B50.3B29.9B
Short Long Term Debt Total514.7M471.7M560M785.9M903.8M592.1M
Other Current Liab759.1M825.9M(109.3M)1.0B1.2B720.6M
Total Current Liabilities1.9B1.9B2.2B2.2B2.5B1.8B
Total Stockholder Equity31.0B34.8B35.2B39.8B45.8B27.3B
Property Plant And Equipment Net121M100.6M140.4M184M211.6M129.3M
Net Debt326.9M(7.5M)347.4M543.6M625.1M656.4M
Retained Earnings15.7B17.9B17.9B20.8B24.0B14.1B
Accounts Payable628.7M559.5M662M495.5M446.0M589.8M
Cash187.8M479.2M212.6M257.2M231.5M219.9M
Non Current Assets Total28.7B7.3B34.7B10.9B12.6B14.4B
Non Currrent Assets Other6.6M15.8M1.2B9.8B8.8B9.3B
Cash And Short Term Investments3.6B28.6B2.7B30.4B35.0B36.8B
Net Receivables536.1M868.6M1.0B1.4B1.6B2.0B
Common Stock Shares Outstanding624.1M630.5M627.2M631.7M726.5M676.5M
Short Term Investments3.4B28.1B2.5B30.2B34.7B36.5B
Liabilities And Stockholders Equity33.9B38.0B38.6B43.8B50.3B29.9B
Non Current Liabilities Total1.0B1.3B1.3B2.7B3.1B3.3B
Inventory(24.3B)(28.2B)(29.0B)5.9B5.3B5.6B
Other Current Assets1.6B2.1B2.4B2.4B2.1B3.0B
Other Stockholder Equity6.8B10.7B8.4B12.7B14.6B15.3B
Total Liab2.9B3.2B3.5B3.9B4.5B2.6B
Total Current Assets5.2B30.7B3.9B32.8B37.7B39.6B
Accumulated Other Comprehensive Income2.3B2.6B2.7B1.5B1.8B1.9B
Intangible Assets2.9B2.9B2.9B3.1B3.6B2.0B
Common Stock6.2B6.2B6.2B6.3B7.2B4.0B
Other Assets200K106.9M125.5M20.5B23.5B24.7B
Other Liab530.4M471.3M615.8M971.5M1.1B1.2B
Net Tangible Assets23.3B23.5B28.5B32.3B37.2B25.5B
Current Deferred Revenue753.8M817.8M(307.1M)(591.9M)(680.7M)(646.7M)
Short Term Debt514.7M471.7M560M591.9M680.7M590.9M
Property Plant Equipment132.3M836.6M533.8M492.2M566.0M364.1M
Good Will166.2M124.6M163.9M285.2M328.0M204.9M
Capital Lease Obligations514.7M471.7M560M785.9M903.8M576.9M
Net Invested Capital31.0B34.8B35.2B39.8B45.8B33.8B
Net Working Capital3.8B4.0B1.7B3.7B3.3B6.5B
Capital Stock6.2B6.2B6.2B6.3B7.2B6.8B
Non Current Liabilities Other460.1M458.4M467.1M612.2M704.0M499.0M

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Other Information on Investing in Nippon Stock

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