Shriram Total Liab vs Total Current Assets Analysis

SHRIRAMFIN   3,046  98.55  3.34%   
Shriram Finance financial indicator trend analysis is much more than just breaking down Shriram Finance prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Shriram Finance is a good investment. Please check the relationship between Shriram Finance Total Liab and its Total Current Assets accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Shriram Finance 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 metropolitan statistical area.

Total Liab vs Total Current Assets

Total Liab vs Total Current Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Shriram Finance Total Liab account and Total Current Assets. At this time, the significance of the direction appears to have almost no relationship.
The correlation between Shriram Finance's Total Liab and Total Current Assets is 0.14. Overlapping area represents the amount of variation of Total Liab that can explain the historical movement of Total Current Assets in the same time period over historical financial statements of Shriram Finance Limited, assuming nothing else is changed. The correlation between historical values of Shriram Finance's Total Liab and Total Current Assets 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 Shriram Finance Limited are associated (or correlated) with its Total Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Assets has no effect on the direction of Total Liab i.e., Shriram Finance's Total Liab and Total Current Assets go up and down completely randomly.

Correlation Coefficient

0.14
Relationship DirectionPositive 
Relationship StrengthInsignificant

Total Liab

The total amount of all liabilities that a company has, including both short-term and long-term liabilities.

Total Current Assets

The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.
Most indicators from Shriram Finance's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Shriram Finance 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 Shriram Finance 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 metropolitan statistical area.
As of the 27th of November 2024, Selling General Administrative is likely to drop to about 1.7 B. In addition to that, Tax Provision is likely to drop to about 13.1 B
 2021 2022 2023 2024 (projected)
Gross Profit73.5B136.0B117.5B123.4B
Total Revenue92.9B168.6B161.1B169.2B

Shriram Finance fundamental ratios Correlations

0.990.96-0.670.080.730.911.00.770.990.0-0.410.99-0.440.430.770.55-0.550.81-0.350.160.93-0.2-0.740.890.98
0.990.97-0.660.050.720.930.990.760.980.03-0.390.97-0.420.450.780.58-0.490.79-0.280.210.93-0.14-0.740.90.98
0.960.97-0.68-0.010.640.920.960.690.950.02-0.420.95-0.420.420.80.55-0.480.77-0.340.190.92-0.06-0.760.890.97
-0.67-0.66-0.680.28-0.32-0.7-0.67-0.36-0.680.570.73-0.680.19-0.11-0.69-0.140.4-0.40.480.31-0.610.020.73-0.77-0.65
0.080.05-0.010.280.34-0.280.090.330.13-0.14-0.240.13-0.20.45-0.570.19-0.360.25-0.37-0.110.17-0.40.58-0.370.05
0.730.720.64-0.320.340.580.730.990.72-0.04-0.090.7-0.050.580.380.68-0.640.57-0.350.30.63-0.6-0.370.510.64
0.910.930.92-0.7-0.280.580.90.630.870.09-0.240.86-0.320.260.920.48-0.290.67-0.090.260.80.01-0.870.960.9
1.00.990.96-0.670.090.730.90.761.0-0.01-0.420.99-0.440.430.760.55-0.560.81-0.370.140.93-0.22-0.730.890.98
0.770.760.69-0.360.330.990.630.760.75-0.03-0.140.74-0.110.620.420.73-0.60.61-0.30.340.7-0.49-0.390.550.69
0.990.980.95-0.680.130.720.871.00.75-0.06-0.481.0-0.460.430.730.52-0.60.81-0.430.080.93-0.24-0.720.870.98
0.00.030.020.57-0.14-0.040.09-0.01-0.03-0.060.67-0.07-0.320.00.140.230.430.130.580.67-0.010.27-0.030.030.06
-0.41-0.39-0.420.73-0.24-0.09-0.24-0.42-0.14-0.480.67-0.490.41-0.14-0.140.040.38-0.360.630.58-0.48-0.060.22-0.31-0.45
0.990.970.95-0.680.130.70.860.990.741.0-0.07-0.49-0.470.370.730.47-0.60.82-0.440.030.91-0.24-0.720.870.97
-0.44-0.42-0.420.19-0.2-0.05-0.32-0.44-0.11-0.46-0.320.41-0.47-0.12-0.24-0.13-0.13-0.550.150.02-0.5-0.310.18-0.32-0.53
0.430.450.42-0.110.450.580.260.430.620.430.0-0.140.37-0.120.060.92-0.40.26-0.110.590.65-0.260.050.180.42
0.770.780.8-0.69-0.570.380.920.760.420.730.14-0.140.73-0.240.060.33-0.210.52-0.030.220.650.09-0.970.970.78
0.550.580.55-0.140.190.680.480.550.730.520.230.040.47-0.130.920.33-0.340.350.050.770.7-0.17-0.220.390.54
-0.55-0.49-0.480.4-0.36-0.64-0.29-0.56-0.6-0.60.430.38-0.6-0.13-0.4-0.21-0.34-0.340.650.18-0.510.670.3-0.35-0.47
0.810.790.77-0.40.250.570.670.810.610.810.13-0.360.82-0.550.260.520.35-0.34-0.260.070.71-0.15-0.50.660.79
-0.35-0.28-0.340.48-0.37-0.35-0.09-0.37-0.3-0.430.580.63-0.440.15-0.11-0.030.050.65-0.260.56-0.310.560.15-0.18-0.31
0.160.210.190.31-0.110.30.260.140.340.080.670.580.030.020.590.220.770.180.070.560.270.1-0.050.150.17
0.930.930.92-0.610.170.630.80.930.70.93-0.01-0.480.91-0.50.650.650.7-0.510.71-0.310.27-0.07-0.580.780.95
-0.2-0.14-0.060.02-0.4-0.60.01-0.22-0.49-0.240.27-0.06-0.24-0.31-0.260.09-0.170.67-0.150.560.1-0.07-0.02-0.02-0.06
-0.74-0.74-0.760.730.58-0.37-0.87-0.73-0.39-0.72-0.030.22-0.720.180.05-0.97-0.220.3-0.50.15-0.05-0.58-0.02-0.95-0.73
0.890.90.89-0.77-0.370.510.960.890.550.870.03-0.310.87-0.320.180.970.39-0.350.66-0.180.150.78-0.02-0.950.89
0.980.980.97-0.650.050.640.90.980.690.980.06-0.450.97-0.530.420.780.54-0.470.79-0.310.170.95-0.06-0.730.89
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Shriram Finance Account Relationship Matchups

Shriram Finance fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets1.1T1.3T1.4T2.1T2.5T2.6T
Total Stockholder Equity181.4B217.2B260.9B435.1B489.5B513.9B
Property Plant And Equipment Net4.8B4.3B4.1B7.5B9.4B9.9B
Non Currrent Assets Other(4.9B)(6.6B)(9.3B)(23.2B)(138.1B)(131.2B)
Other Assets1.1T1.1T1.2T1.9T(155.2B)(147.5B)
Common Stock Shares Outstanding239.0M246.3M266.2M376.1M376.4M245.2M
Liabilities And Stockholders Equity1.1T1.3T1.4T2.1T2.5T2.6T
Total Liab961.2B1.1T1.2T1.7T2.0T2.1T
Common Stock2.3B2.5B2.7B3.7B3.8B2.5B
Short Long Term Debt Total829.8B903.7B929.2B1.3T1.5T1.6T
Other Current Liab(1.4B)(2.6B)(2.0B)(5.1B)3.6B5.0B
Total Current Liabilities1.4B2.6B1.7B3.1B8.7B8.2B
Net Debt793.7B789.2B816.3B1.2T1.4T1.5T
Accounts Payable1.4B1.6B1.7B3.5B2.7B2.6B
Cash35.0B114.5B112.9B104.9B62.6B55.6B
Non Current Assets Total4.9B39.5B75.9B118.8B2.5T2.6T
Cash And Short Term Investments30.9B114.5B112.9B104.9B111.7B70.6B
Net Receivables267.1M2.2B2.1B4.6B3.9B3.7B
Non Current Liabilities Total582.6B903.7B1.7B1.3T988.8B1.0T
Other Current Assets(73.3B)88M123.7M363M460M437M
Total Current Assets30.9B116.7B115.0B109.5B116.1B93.6B
Inventory73.0B165.0B165.5B167.5B192.7B202.3B
Short Term Investments(4.1B)28.5B37.7B9.8B49.1B26.2B
Current Deferred Revenue(241.1B)138.1M232.6M373.6M(1.5T)(1.4T)
Short Term Debt242.6B329.0B321.6B525.4B1.5T1.6T
Retained Earnings93.9B105.3B123.6B157.0B192.8B202.4B
Accumulated Other Comprehensive Income67.7B77.3B78.1B117.5B263.5M250.3M
Intangible Assets26.7M23.9M30.4M12.8B10.3B10.9B

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Other Information on Investing in Shriram Stock

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