Patel Net Debt vs Common Stock Analysis

PATELENG

52.96 1.48 2.87%

Patel Engineering financial indicator trend analysis is much more than just breaking down Patel Engineering prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Patel Engineering is a good investment. Please check the relationship between Patel Engineering Net Debt and its Common Stock accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Patel Engineering 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 bureau of economic analysis.

Net Debt vs Common Stock

Net Debt vs Common Stock Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Patel Engineering Net Debt account and Common Stock. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Patel Engineering's Net Debt and Common Stock is -0.39. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Common Stock in the same time period over historical financial statements of Patel Engineering Limited, assuming nothing else is changed. The correlation between historical values of Patel Engineering's Net Debt and Common Stock is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Debt of Patel Engineering Limited are associated (or correlated) with its Common Stock. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock has no effect on the direction of Net Debt i.e., Patel Engineering's Net Debt and Common Stock go up and down completely randomly.

Correlation Coefficient

-0.39

Relationship Direction	Negative
Relationship Strength	Insignificant

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Net Debt

The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.

Common Stock

Most indicators from Patel Engineering's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Patel Engineering 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in Patel Engineering 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 bureau of economic analysis.

At this time, Patel Engineering's Selling General Administrative is very stable compared to the past year. As of the 28th of November 2024, Tax Provision is likely to grow to about 1.1 B, while Issuance Of Capital Stock is likely to drop 0.00.

	2021	2022	2023	2024 (projected)
Interest Expense	3.4B	4.2B	3.6B	3.4B
Depreciation And Amortization	819.0M	933.0M	976.1M	820.0M

Interest Expense Depreciation And Amortization

Patel Engineering fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Retained Earnings	Accounts Payable	Good Will	Common Stock	Short Term Debt	Current Deferred Revenue	Intangible Assets
Total Assets		0.67	0.4	0.97	0.79	0.94	0.66	0.04	0.95	0.56	0.1	-0.02	0.03	0.86	0.95	0.53	0.56	0.97	0.98	0.59	0.46	0.73	0.24	0.59	0.18	-0.26
Short Long Term Debt Total	0.67		0.28	0.79	0.1	0.5	1.0	-0.28	0.63	0.24	-0.34	-0.02	-0.05	0.82	0.69	0.33	-0.09	0.83	0.67	0.15	-0.31	0.67	-0.37	0.97	-0.32	0.17
Other Current Liab	0.4	0.28		0.38	0.28	0.37	0.29	-0.24	0.35	0.17	0.07	-0.31	-0.11	0.39	0.49	-0.02	0.2	0.4	0.41	0.16	0.11	0.19	0.17	0.26	-0.26	0.05
Total Current Liabilities	0.97	0.79	0.38		0.66	0.89	0.77	-0.03	0.91	0.51	-0.01	0.06	-0.04	0.83	0.93	0.46	0.49	0.98	0.96	0.5	0.3	0.78	0.07	0.73	0.07	-0.15
Total Stockholder Equity	0.79	0.1	0.28	0.66		0.84	0.07	0.29	0.76	0.59	0.41	0.0	0.15	0.44	0.71	0.43	0.83	0.61	0.76	0.72	0.89	0.44	0.64	0.01	0.47	-0.52
Property Plant And Equipment Net	0.94	0.5	0.37	0.89	0.84		0.49	0.04	0.95	0.6	0.12	-0.05	-0.15	0.75	0.86	0.43	0.7	0.87	0.88	0.72	0.56	0.68	0.28	0.38	0.35	-0.41
Net Debt	0.66	1.0	0.29	0.77	0.07	0.49		-0.34	0.63	0.24	-0.39	-0.05	-0.08	0.81	0.69	0.3	-0.1	0.82	0.64	0.13	-0.34	0.64	-0.39	0.97	-0.32	0.18
Cash	0.04	-0.28	-0.24	-0.03	0.29	0.04	-0.34		-0.14	-0.14	0.87	0.42	0.49	-0.14	-0.2	0.27	0.23	-0.07	0.16	0.22	0.5	0.33	0.36	-0.24	-0.01	-0.23
Non Current Assets Total	0.95	0.63	0.35	0.91	0.76	0.95	0.63	-0.14		0.64	-0.05	-0.12	-0.11	0.85	0.92	0.44	0.53	0.92	0.87	0.63	0.4	0.63	0.18	0.52	0.27	-0.33
Non Currrent Assets Other	0.56	0.24	0.17	0.51	0.59	0.6	0.24	-0.14	0.64		-0.13	0.04	-0.01	0.4	0.61	0.06	0.47	0.49	0.48	0.5	0.38	0.23	0.23	0.17	0.39	-0.43
Cash And Short Term Investments	0.1	-0.34	0.07	-0.01	0.41	0.12	-0.39	0.87	-0.05	-0.13		0.26	0.41	-0.12	-0.11	0.21	0.35	-0.05	0.2	0.24	0.61	0.26	0.51	-0.31	-0.12	-0.25
Net Receivables	-0.02	-0.02	-0.31	0.06	0.0	-0.05	-0.05	0.42	-0.12	0.04	0.26		-0.12	-0.19	-0.15	-0.36	0.14	-0.03	0.05	-0.23	0.05	0.36	-0.07	0.06	0.07	0.04
Common Stock Shares Outstanding	0.03	-0.05	-0.11	-0.04	0.15	-0.15	-0.08	0.49	-0.11	-0.01	0.41	-0.12		0.0	0.02	0.34	-0.24	-0.03	0.13	0.2	0.31	-0.1	0.4	0.02	-0.32	0.03
Non Current Liabilities Total	0.86	0.82	0.39	0.83	0.44	0.75	0.81	-0.14	0.85	0.4	-0.12	-0.19	0.0		0.84	0.52	0.14	0.92	0.81	0.34	0.06	0.64	0.01	0.73	-0.01	-0.06
Inventory	0.95	0.69	0.49	0.93	0.71	0.86	0.69	-0.2	0.92	0.61	-0.11	-0.15	0.02	0.84		0.48	0.49	0.94	0.92	0.47	0.36	0.56	0.22	0.62	0.17	-0.16
Other Current Assets	0.53	0.33	-0.02	0.46	0.43	0.43	0.3	0.27	0.44	0.06	0.21	-0.36	0.34	0.52	0.48		0.28	0.5	0.56	0.22	0.29	0.39	0.13	0.27	0.14	-0.31
Other Stockholder Equity	0.56	-0.09	0.2	0.49	0.83	0.7	-0.1	0.23	0.53	0.47	0.35	0.14	-0.24	0.14	0.49	0.28		0.39	0.55	0.51	0.76	0.38	0.49	-0.18	0.62	-0.56
Total Liab	0.97	0.83	0.4	0.98	0.61	0.87	0.82	-0.07	0.92	0.49	-0.05	-0.03	-0.03	0.92	0.94	0.5	0.39		0.95	0.47	0.23	0.76	0.05	0.76	0.04	-0.12
Total Current Assets	0.98	0.67	0.41	0.96	0.76	0.88	0.64	0.16	0.87	0.48	0.2	0.05	0.13	0.81	0.92	0.56	0.55	0.95		0.53	0.47	0.77	0.27	0.61	0.1	-0.19
Retained Earnings	0.59	0.15	0.16	0.5	0.72	0.72	0.13	0.22	0.63	0.5	0.24	-0.23	0.2	0.34	0.47	0.22	0.51	0.47	0.53		0.66	0.32	0.44	0.03	0.22	-0.41
Accounts Payable	0.46	-0.31	0.11	0.3	0.89	0.56	-0.34	0.5	0.4	0.38	0.61	0.05	0.31	0.06	0.36	0.29	0.76	0.23	0.47	0.66		0.15	0.8	-0.37	0.5	-0.48
Good Will	0.73	0.67	0.19	0.78	0.44	0.68	0.64	0.33	0.63	0.23	0.26	0.36	-0.1	0.64	0.56	0.39	0.38	0.76	0.77	0.32	0.15		-0.14	0.61	-0.03	-0.11
Common Stock	0.24	-0.37	0.17	0.07	0.64	0.28	-0.39	0.36	0.18	0.23	0.51	-0.07	0.4	0.01	0.22	0.13	0.49	0.05	0.27	0.44	0.8	-0.14		-0.42	0.34	-0.39
Short Term Debt	0.59	0.97	0.26	0.73	0.01	0.38	0.97	-0.24	0.52	0.17	-0.31	0.06	0.02	0.73	0.62	0.27	-0.18	0.76	0.61	0.03	-0.37	0.61	-0.42		-0.45	0.24
Current Deferred Revenue	0.18	-0.32	-0.26	0.07	0.47	0.35	-0.32	-0.01	0.27	0.39	-0.12	0.07	-0.32	-0.01	0.17	0.14	0.62	0.04	0.1	0.22	0.5	-0.03	0.34	-0.45		-0.43
Intangible Assets	-0.26	0.17	0.05	-0.15	-0.52	-0.41	0.18	-0.23	-0.33	-0.43	-0.25	0.04	0.03	-0.06	-0.16	-0.31	-0.56	-0.12	-0.19	-0.41	-0.48	-0.11	-0.39	0.24	-0.43

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Patel Engineering Account Relationship Matchups

Patel Engineering fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	85.2B	80.9B	85.1B	87.5B	90.0B	73.8B
Short Long Term Debt Total	23.0B	22.9B	22.9B	17.7B	19.1B	27.9B
Other Current Liab	4.9B	7.8B	724.2M	9.8B	4.0B	4.7B
Total Current Liabilities	41.8B	35.1B	38.0B	37.9B	40.2B	32.4B
Total Stockholder Equity	25.5B	23.2B	23.8B	28.9B	31.5B	19.7B
Property Plant And Equipment Net	17.2B	13.3B	14.3B	15.6B	15.3B	12.7B
Net Debt	21.8B	21.0B	20.3B	15.6B	15.7B	25.8B
Cash	1.1B	1.9B	2.6B	2.1B	3.4B	2.2B
Non Current Assets Total	35.3B	29.5B	31.5B	33.1B	31.8B	25.8B
Non Currrent Assets Other	15.3B	11.9B	12.9B	9.9B	16.3B	9.0B
Cash And Short Term Investments	1.1B	2.0B	2.6B	4.4B	3.4B	2.3B
Net Receivables	13.1B	8.8B	10.2B	5.0B	5.5B	7.4B
Liabilities And Stockholders Equity	85.2B	80.9B	85.1B	87.5B	90.0B	73.8B
Non Current Liabilities Total	17.6B	22.0B	22.5B	19.8B	18.2B	20.9B
Inventory	35.7B	36.3B	35.9B	37.4B	37.9B	30.4B
Other Current Assets	30K	8.7B	15.1B	7.6B	11.3B	6.8B
Other Stockholder Equity	23.9B	14.9B	19.2B	21.2B	18.2B	13.9B
Total Liab	59.4B	57.1B	60.6B	57.7B	58.3B	53.3B
Total Current Assets	49.9B	51.3B	53.6B	54.4B	58.2B	48.0B
Retained Earnings	6.9B	3.8B	4.2B	6.1B	9.0B	5.7B
Accounts Payable	13.7B	12.1B	13.2B	15.5B	18.6B	11.4B
Accumulated Other Comprehensive Income	(5.7B)	4.0B	3.9B	3.8B	3.6B	3.8B
Common Stock	408.2M	465.5M	479.2M	773.6M	889.7M	934.1M
Short Term Debt	13.8B	15.2B	15.1B	12.3B	13.4B	15.2B
Current Deferred Revenue	9.4B	6.9B	9.0B	310.8M	4.2B	3.7B
Intangible Assets	3.9M	3.9M	8.8M	12.5M	7.6M	7.3M
Short Term Investments	5.4M	11.6M	10.7M	2.3B	4.2B	4.4B
Other Liab	7.6B	8.2B	14.2B	14.7B	16.9B	9.0B
Net Tangible Assets	22.5B	25.2B	22.9B	23.5B	27.1B	23.1B
Long Term Debt	9.2B	7.8B	7.6B	5.4B	5.6B	10.3B
Deferred Long Term Liab	716.4M	810.3M	663.3M	776.5M	892.9M	620.7M
Short Long Term Debt	14.2B	14.6B	15.0B	12.2B	13.3B	13.8B
Property Plant Equipment	17.2B	13.3B	14.3B	15.6B	17.9B	16.4B
Long Term Debt Total	9.2B	7.8B	7.8B	5.4B	4.9B	9.4B
Non Current Liabilities Other	2.2B	7.7B	6.8B	5.7B	3.7B	4.4B

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

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Patel Net Debt vs Common Stock Analysis

Net Debt vs Common Stock

Net Debt vs Common Stock Correlation Analysis

Correlation Coefficient

Net Debt

Common Stock

Patel Engineering fundamental ratios Correlations

Patel Engineering Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Patel Engineering fundamental ratios Accounts

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Net Debt	+ 1.0	Short Long Term Debt Total
Total Current Assets	+ 0.98	Total Assets
Total Liab	+ 0.98	Total Current Liabilities
Total Current Liabilities	+ 0.97	Total Assets
Total Liab	+ 0.97	Total Assets
Short Term Debt	+ 0.97	Short Long Term Debt Total

Intangible Assets	- 0.56	Other Stockholder Equity
Intangible Assets	- 0.52	Total Stockholder Equity
Intangible Assets	- 0.48	Accounts Payable
Current Deferred Revenue	- 0.45	Short Term Debt
Intangible Assets	- 0.43	Current Deferred Revenue
Intangible Assets	- 0.43	Non Currrent Assets Other