NIIT Accounts Payable vs Cash And Short Term Investments Analysis
| NIITMTS Stock | 470.10 4.45 0.96% |
NIIT LEARNING financial indicator trend analysis is infinitely more than just investigating NIIT LEARNING SYSTEMS recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether NIIT LEARNING SYSTEMS is a good investment. Please check the relationship between NIIT LEARNING Accounts Payable and its Cash And Short Term Investments accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NIIT LEARNING SYSTEMS. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.
Accounts Payable vs Cash And Short Term Investments
Accounts Payable vs Cash And Short Term Investments Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of NIIT LEARNING SYSTEMS Accounts Payable account and Cash And Short Term Investments. At this time, the significance of the direction appears to have totally related.
The correlation between NIIT LEARNING's Accounts Payable and Cash And Short Term Investments is 0.99. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Cash And Short Term Investments in the same time period over historical financial statements of NIIT LEARNING SYSTEMS, assuming nothing else is changed. The correlation between historical values of NIIT LEARNING's Accounts Payable and Cash 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 Accounts Payable of NIIT LEARNING SYSTEMS are associated (or correlated) with its Cash And Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Short Term Investments has no effect on the direction of Accounts Payable i.e., NIIT LEARNING's Accounts Payable and Cash And Short Term Investments go up and down completely randomly.
Correlation Coefficient | 0.99 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
Accounts Payable
An accounting item on the balance sheet that represents NIIT LEARNING obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of NIIT LEARNING SYSTEMS are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.Cash And Short Term Investments
Short Term Investments is an account in the current assets section of NIIT LEARNING SYSTEMS balance sheet. This account contains NIIT LEARNING investments that will expire within one year. These investments include stocks and bonds that can be liquidated by NIIT LEARNING SYSTEMS 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.Most indicators from NIIT LEARNING's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into NIIT LEARNING SYSTEMS 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 NIIT LEARNING SYSTEMS. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population. Selling General Administrative is likely to gain to about 3.5 B in 2024
| 2021 | 2022 | 2023 | 2024 (projected) | Total Operating Expenses | 3.0B | 2.9B | 3.3B | 2.1B | Cost Of Revenue | 5.8B | 6.9B | 7.0B | 4.4B |
NIIT LEARNING fundamental ratios Correlations
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NIIT LEARNING Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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When running NIIT LEARNING's price analysis, check to measure NIIT LEARNING's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy NIIT LEARNING is operating at the current time. Most of NIIT LEARNING's value examination focuses on studying past and present price action to predict the probability of NIIT LEARNING's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NIIT LEARNING's price. Additionally, you may evaluate how the addition of NIIT LEARNING to your portfolios can decrease your overall portfolio volatility.