SBILIFE Stock | | | 1,485 7.20 0.49% |
SBI Life financial indicator trend analysis is much more than just breaking down SBI Life Insurance prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether SBI Life Insurance is a good investment. Please check the relationship between SBI Life Intangible Assets and its Accounts Payable accounts. Check out
World Market Map to better understand how to build diversified portfolios, which includes a position in SBI Life Insurance. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in gross domestic product.
Intangible Assets vs Accounts Payable
Intangible Assets vs Accounts Payable Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
SBI Life Insurance Intangible Assets account and
Accounts Payable. At this time, the significance of the direction appears to have weak relationship.
The correlation between SBI Life's Intangible Assets and Accounts Payable is 0.33. Overlapping area represents the amount of variation of Intangible Assets that can explain the historical movement of Accounts Payable in the same time period over historical financial statements of SBI Life Insurance, assuming nothing else is changed. The correlation between historical values of SBI Life's Intangible Assets and Accounts Payable is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Intangible Assets of SBI Life Insurance are associated (or correlated) with its Accounts Payable. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Accounts Payable has no effect on the direction of Intangible Assets i.e., SBI Life's Intangible Assets and Accounts Payable go up and down completely randomly.
Correlation Coefficient | 0.33 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Intangible Assets
Non-physical assets possessed by a company, such as patents, trademarks, and copyrights, which provide long-term value.
Accounts Payable
An accounting item on the balance sheet that represents SBI Life 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 SBI Life Insurance 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.
Most indicators from SBI Life's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into SBI Life Insurance 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
World Market Map to better understand how to build diversified portfolios, which includes a position in SBI Life Insurance. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in gross domestic product.
The current year's
Issuance Of Capital Stock is expected to grow to about 452
M, whereas
Selling General Administrative is forecasted to decline to about 1.3
B.
SBI Life fundamental ratios Correlations
Click cells to compare fundamentals
SBI Life Account Relationship Matchups
High Positive Relationship
High Negative Relationship
SBI Life fundamental ratios Accounts
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Other Information on Investing in SBI Stock
Balance Sheet is a snapshot of the
financial position of SBI Life Insurance at a specified time, usually calculated after every quarter, six months, or one year. SBI Life Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of SBI Life 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 SBI currently owns. An asset can also be divided into two categories, current and non-current.