| RAJMET Stock | | | 10.13 0.08 0.78% |
Rajnandini Metal financial indicator trend analysis is much more than just breaking down Rajnandini Metal prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Rajnandini Metal is a good investment. Please check the relationship between Rajnandini Metal Long Term Debt and its Cash And Short Term Investments accounts. Check out
Your Equity Center to better understand how to build diversified portfolios, which includes a position in Rajnandini Metal 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 income.
Long Term Debt vs Cash And Short Term Investments
Long Term Debt 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
Rajnandini Metal Long Term Debt account and
Cash And Short Term Investments. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Rajnandini Metal's Long Term Debt and Cash And Short Term Investments is 0.44. Overlapping area represents the amount of variation of Long Term Debt that can explain the historical movement of Cash And Short Term Investments in the same time period over historical financial statements of Rajnandini Metal Limited, assuming nothing else is changed. The correlation between historical values of Rajnandini Metal's Long Term Debt 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 Long Term Debt of Rajnandini Metal Limited 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 Long Term Debt i.e., Rajnandini Metal's Long Term Debt and Cash And Short Term Investments go up and down completely randomly.
Correlation Coefficient | 0.44 |
| Relationship Direction | Positive |
| Relationship Strength | Weak |
Long Term Debt
Long-term debt is a debt that Rajnandini Metal has held for over one year. Long-term debt appears on Rajnandini Metal Limited balance sheet and also includes long-term leases. The most common forms of long term debt are bonds payable, long-term notes payable, mortgage payable, pension liabilities, and lease liabilities. In the corporate world, long-term debt is generally used to fund big-ticket items, such as machinery, buildings, and land. The total of long-term debt reported on Rajnandini Metal Limited balance sheet is the sum of the balances of all categories of long-term debt. Debt that is not due within the current year and is often considered to be financing activities that are to be repaid over several years.
Cash And Short Term Investments
Short Term Investments is an account in the current assets section of Rajnandini Metal balance sheet. This account contains Rajnandini Metal investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Rajnandini Metal Limited 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 Rajnandini Metal's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Rajnandini Metal 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 Rajnandini Metal 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 income.
The current year's
Selling General Administrative is expected to grow to about 12.3
M. The current year's
Tax Provision is expected to grow to about 23.9
MRajnandini Metal fundamental ratios Correlations
Click cells to compare fundamentals
Rajnandini Metal Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Rajnandini Metal fundamental ratios Accounts
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Other Information on Investing in Rajnandini Stock
Balance Sheet is a snapshot of the
financial position of Rajnandini Metal at a specified time, usually calculated after every quarter, six months, or one year. Rajnandini Metal Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Rajnandini Metal 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 Rajnandini currently owns. An asset can also be divided into two categories, current and non-current.