PATELENG | | | 53.21 0.10 0.19% |
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 Total Liab and its Short Long Term Debt Total 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.
Total Liab vs Short Long Term Debt Total
Total Liab vs Short Long Term Debt Total Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Patel Engineering Total Liab account and
Short Long Term Debt Total. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Patel Engineering's Total Liab and Short Long Term Debt Total is 0.83. Overlapping area represents the amount of variation of Total Liab that can explain the historical movement of Short Long Term Debt Total 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 Total Liab and Short Long Term Debt Total is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Liab of Patel Engineering Limited are associated (or correlated) with its Short Long Term Debt Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Long Term Debt Total has no effect on the direction of Total Liab i.e., Patel Engineering's Total Liab and Short Long Term Debt Total go up and down completely randomly.
Correlation Coefficient | 0.83 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Total Liab
The total amount of all liabilities that a company has, including both short-term and long-term liabilities.
Short Long Term Debt Total
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 1st of December 2024,
Tax Provision is likely to grow to about 1.1
B, while
Issuance Of Capital Stock is likely to drop 0.00.
Patel Engineering fundamental ratios Correlations
Click cells to compare fundamentals
Patel Engineering Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Patel Engineering fundamental ratios Accounts
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Other Information on Investing in Patel Stock
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.