NIIT Short Term Investments vs Total Current Liabilities 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 Short Term Investments and its Total Current Liabilities 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.
Short Term Investments vs Total Current Liabilities
Short Term Investments vs Total Current Liabilities Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of NIIT LEARNING SYSTEMS Short Term Investments account and Total Current Liabilities. At this time, the significance of the direction appears to have strong relationship.
The correlation between NIIT LEARNING's Short Term Investments and Total Current Liabilities is 0.61. Overlapping area represents the amount of variation of Short Term Investments that can explain the historical movement of Total Current Liabilities 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 Short Term Investments and Total Current Liabilities is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Short Term Investments of NIIT LEARNING SYSTEMS are associated (or correlated) with its Total Current Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Liabilities has no effect on the direction of Short Term Investments i.e., NIIT LEARNING's Short Term Investments and Total Current Liabilities go up and down completely randomly.
Correlation Coefficient | 0.61 |
| Relationship Direction | Positive |
| Relationship Strength | Significant |
Short Term Investments
Short Term Investments is an item under the current assets section of NIIT LEARNING balance sheet. It contains any investments NIIT LEARNING SYSTEMS undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that NIIT LEARNING SYSTEMS can easily liquidate in the marketplace.Total Current Liabilities
Total Current Liabilities is an item on NIIT LEARNING balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of NIIT LEARNING SYSTEMS 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.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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