TCS Stock | | | 4,245 171.75 4.22% |
Tata Consultancy financial indicator trend analysis is much more than just breaking down Tata Consultancy Services prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Tata Consultancy Services is a good investment. Please check the relationship between Tata Consultancy Non Current Liabilities Total and its Non Current Assets Total accounts. Check out
World Market Map to better understand how to build diversified portfolios, which includes a position in Tata Consultancy Services. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
Non Current Liabilities Total vs Non Current Assets Total
Non Current Liabilities Total vs Non Current Assets Total Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Tata Consultancy Services Non Current Liabilities Total account and
Non Current Assets Total. At this time, the significance of the direction appears to have strong relationship.
The correlation between Tata Consultancy's Non Current Liabilities Total and Non Current Assets Total is 0.72. Overlapping area represents the amount of variation of Non Current Liabilities Total that can explain the historical movement of Non Current Assets Total in the same time period over historical financial statements of Tata Consultancy Services, assuming nothing else is changed. The correlation between historical values of Tata Consultancy's Non Current Liabilities Total and Non Current Assets 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 Non Current Liabilities Total of Tata Consultancy Services are associated (or correlated) with its Non Current Assets Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Assets Total has no effect on the direction of Non Current Liabilities Total i.e., Tata Consultancy's Non Current Liabilities Total and Non Current Assets Total go up and down completely randomly.
Correlation Coefficient | 0.72 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Non Current Liabilities Total
Non Current Assets Total
The total value of a company's long-term assets, which are not expected to be converted into cash or used up within one year or the operating cycle, including property, plant, and equipment, and intangible assets.
Most indicators from Tata Consultancy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Tata Consultancy Services 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 Tata Consultancy Services. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
The current year's
Selling General Administrative is expected to grow to about 189.9
B, whereas
Tax Provision is forecasted to decline to about 120.5
B.
Tata Consultancy fundamental ratios Correlations
Click cells to compare fundamentals
Tata Consultancy Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Tata Consultancy fundamental ratios Accounts
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Other Information on Investing in Tata Stock
Balance Sheet is a snapshot of the
financial position of Tata Consultancy Services at a specified time, usually calculated after every quarter, six months, or one year. Tata Consultancy Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Tata Consultancy 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 Tata currently owns. An asset can also be divided into two categories, current and non-current.