Sobha Limited Other Current Liab vs Net Debt | SOBHA.NSE

Sobha Other Current Liab vs Net Debt Analysis

SOBHA Stock   1,542  68.65  4.26%   
Sobha financial indicator trend analysis is much more than just breaking down Sobha Limited prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Sobha Limited is a good investment. Please check the relationship between Sobha Other Current Liab and its Net Debt accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Sobha 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 nation.

Other Current Liab vs Net Debt

Other Current Liab vs Net Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Sobha Limited Other Current Liab account and Net Debt. At this time, the significance of the direction appears to have no relationship.
Other Current LiabNet DebtDiversified AwayOther Current LiabNet DebtDiversified Away100%
The correlation between Sobha's Other Current Liab and Net Debt is 0.01. Overlapping area represents the amount of variation of Other Current Liab that can explain the historical movement of Net Debt in the same time period over historical financial statements of Sobha Limited, assuming nothing else is changed. The correlation between historical values of Sobha's Other Current Liab and Net Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Current Liab of Sobha Limited are associated (or correlated) with its Net Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Debt has no effect on the direction of Other Current Liab i.e., Sobha's Other Current Liab and Net Debt go up and down completely randomly.

Correlation Coefficient

0.01
Relationship DirectionPositive 
Relationship StrengthInsignificant

Other Current Liab

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.
Most indicators from Sobha's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Sobha Limited 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 Sobha 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 nation.
As of the 20th of December 2024, Selling General Administrative is likely to grow to about 4.2 B, while Tax Provision is likely to drop about 238.6 M.
 2021 2022 2023 2024 (projected)
Interest Expense2.2B2.5B2.3B1.5B
Depreciation And Amortization609.6M558.4M644.3M545.0M

Sobha fundamental ratios Correlations

0.780.260.870.690.670.770.70.540.790.60.480.570.340.490.860.410.50.871.00.260.530.010.520.440.52
0.78-0.010.670.660.591.00.750.490.510.190.420.390.230.360.630.360.590.670.8-0.220.490.30.760.560.39
0.26-0.010.550.10.750.01-0.02-0.190.680.19-0.240.39-0.10.380.59-0.010.120.570.240.090.12-0.1-0.390.260.23
0.870.670.550.490.860.670.60.430.950.580.420.460.380.420.990.340.391.00.870.250.4-0.080.390.370.55
0.690.660.10.490.440.640.60.530.510.330.110.87-0.120.430.480.440.70.50.70.110.930.330.280.660.19
0.670.590.750.860.440.610.470.040.870.240.070.520.10.450.850.280.490.870.67-0.130.370.090.250.440.45
0.771.00.010.670.640.610.750.440.50.150.40.380.230.340.620.370.590.660.79-0.260.470.290.760.540.4
0.70.75-0.020.60.60.470.750.360.430.160.320.440.2-0.070.530.710.560.570.72-0.070.52-0.020.580.30.06
0.540.49-0.190.430.530.040.440.360.370.680.430.280.160.320.440.00.250.430.550.50.450.220.290.360.12
0.790.510.680.950.510.870.50.430.370.640.320.580.280.480.960.210.430.950.780.360.47-0.010.160.360.57
0.60.190.190.580.330.240.150.160.680.640.570.260.40.440.62-0.10.090.590.580.790.24-0.010.00.210.36
0.480.42-0.240.420.110.070.40.320.430.320.57-0.110.90.130.420.050.120.410.480.48-0.01-0.10.390.020.56
0.570.390.390.460.870.520.380.440.280.580.26-0.11-0.180.30.450.370.740.470.560.180.930.180.030.40.24
0.340.23-0.10.38-0.120.10.230.20.160.280.40.9-0.18-0.070.370.080.070.350.340.42-0.14-0.360.33-0.270.65
0.490.360.380.420.430.450.34-0.070.320.480.440.130.3-0.070.49-0.210.210.480.490.130.190.5-0.050.730.26
0.860.630.590.990.480.850.620.530.440.960.620.420.450.370.490.290.351.00.860.290.37-0.070.330.40.56
0.410.36-0.010.340.440.280.370.710.00.21-0.10.050.370.08-0.210.290.210.30.43-0.070.44-0.420.370.140.02
0.50.590.120.390.70.490.590.560.250.430.090.120.740.070.210.350.210.390.49-0.090.740.430.280.270.23
0.870.670.571.00.50.870.660.570.430.950.590.410.470.350.481.00.30.390.870.240.4-0.040.370.410.55
1.00.80.240.870.70.670.790.720.550.780.580.480.560.340.490.860.430.490.870.230.530.020.540.460.5
0.26-0.220.090.250.11-0.13-0.26-0.070.50.360.790.480.180.420.130.29-0.07-0.090.240.230.15-0.27-0.32-0.130.28
0.530.490.120.40.930.370.470.520.450.470.24-0.010.93-0.140.190.370.440.740.40.530.150.230.20.410.18
0.010.3-0.1-0.080.330.090.29-0.020.22-0.01-0.01-0.10.18-0.360.5-0.07-0.420.43-0.040.02-0.270.230.010.52-0.17
0.520.76-0.390.390.280.250.760.580.290.160.00.390.030.33-0.050.330.370.280.370.54-0.320.20.010.030.38
0.440.560.260.370.660.440.540.30.360.360.210.020.4-0.270.730.40.140.270.410.46-0.130.410.520.03-0.06
0.520.390.230.550.190.450.40.060.120.570.360.560.240.650.260.560.020.230.550.50.280.18-0.170.38-0.06
Click cells to compare fundamentals

Sobha Account Relationship Matchups

Sobha fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets110.1B112.1B114.1B125.8B137.0B73.9B
Short Long Term Debt Total33.1B33.2B28.1B20.3B19.9B19.9B
Other Current Liab3.2B3.6B4.9B6.9B84.7B88.9B
Total Current Liabilities82.9B83.8B81.4B94.2B104.1B109.3B
Total Stockholder Equity24.3B24.3B25.1B24.9B25.1B20.9B
Property Plant And Equipment Net9.6B9.4B8.2B4.2B13.9B14.6B
Net Debt32.4B31.6B26.7B17.5B19.4B18.8B
Accounts Payable9.6B7.3B4.5B6.0B6.2B4.8B
Cash675.1M1.6B1.4B2.8B561.1M1.1B
Non Current Assets Total16.0B17.3B15.8B21.0B24.5B25.8B
Non Currrent Assets Other4.9B6.5B6.2B15.3B8.0B6.4B
Cash And Short Term Investments9.2B4.0B3.3B9.2B1.3B1.2B
Short Term Investments8.5B2.4B1.9B6.4B744.2M707.0M
Liabilities And Stockholders Equity110.1B112.1B114.1B125.8B137.0B73.9B
Non Current Liabilities Total2.9B4.1B7.6B6.6B7.8B5.4B
Inventory67.0B71.2B74.3B87.6B93.8B98.5B
Other Current Assets20.9B16.9B14.8B11.1B14.1B11.9B
Other Stockholder Equity13.3B16.1B13.6B9.3B13.9B11.4B
Total Liab85.8B87.8B89.0B100.8B111.8B117.4B
Total Current Assets94.2B94.8B98.3B104.8B112.4B63.5B
Accumulated Other Comprehensive Income(2.5B)4.4B4.5B4.6B58.5M61.4M
Intangible Assets9.7M8.8M4.7M192M56.8M28.4M
Net Receivables5.5B5.0B6.9B3.3B3.4B6.5B
Current Deferred Revenue42.6B46.7B53.6B9.2B1.6B1.5B
Retained Earnings9.8B9.6B10.4B10.1B10.2B11.0B
Short Term Debt30.7B29.6B24.4B16.3B12.5B17.0B
Other Liab456M493.2M325.4M354.7M319.2M303.2M
Net Tangible Assets24.1B24.0B24.9B24.8B28.5B27.1B
Other Assets9.8B11.3B10.1B9.4B10.8B8.8B
Long Term Debt2.4B3.5B7.3B6.1B7.2B4.3B
Short Long Term Debt30.6B26.4B17.3B13.9B12.0B18.4B
Property Plant Equipment4.8B4.6B4.2B4.2B4.9B4.2B
Long Term Debt Total2.4B3.6B7.3B6.3B7.3B4.5B
Net Invested Capital57.3B54.2B49.6B45.0B44.3B40.4B
Net Working Capital11.3B11.0B16.9B10.6B8.4B10.0B

Also Currently Popular

Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.

Other Information on Investing in Sobha Stock

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