Tilaknagar Other Operating Expenses vs Interest Income Analysis

TI Stock   409.00  8.50  2.04%   
Tilaknagar Industries financial indicator trend analysis is much more than just breaking down Tilaknagar Industries prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Tilaknagar Industries is a good investment. Please check the relationship between Tilaknagar Industries Other Operating Expenses and its Interest Income accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Tilaknagar Industries 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 board of governors.

Other Operating Expenses vs Interest Income

Other Operating Expenses vs Interest Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Tilaknagar Industries Other Operating Expenses account and Interest Income. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Tilaknagar Industries' Other Operating Expenses and Interest Income is -0.52. Overlapping area represents the amount of variation of Other Operating Expenses that can explain the historical movement of Interest Income in the same time period over historical financial statements of Tilaknagar Industries Limited, assuming nothing else is changed. The correlation between historical values of Tilaknagar Industries' Other Operating Expenses and Interest Income 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 Operating Expenses of Tilaknagar Industries Limited are associated (or correlated) with its Interest Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Interest Income has no effect on the direction of Other Operating Expenses i.e., Tilaknagar Industries' Other Operating Expenses and Interest Income go up and down completely randomly.

Correlation Coefficient

-0.52
Relationship DirectionNegative 
Relationship StrengthVery Weak

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Tilaknagar Industries. It is also known as Tilaknagar Industries overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.

Interest Income

Income earned from the investment of cash or from lending money to others, including interest from bank accounts, bonds, or other interest-bearing investments.
Most indicators from Tilaknagar Industries' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Tilaknagar Industries 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 Tilaknagar Industries 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 board of governors.
The current year's Issuance Of Capital Stock is expected to grow to about 593.3 M, whereas Selling General Administrative is forecasted to decline to about 133.2 M.
 2021 2022 2023 2024 (projected)
Gross Profit4.0B5.5B6.2B3.3B
Total Revenue7.8B11.6B13.9B14.6B

Tilaknagar Industries fundamental ratios Correlations

0.170.280.60.270.940.690.360.210.89-0.05-0.130.79-0.190.23-0.130.130.750.050.680.630.910.710.41-0.240.1
0.170.360.63-0.70.340.570.590.250.440.46-0.14-0.050.21-0.13-0.230.18-0.290.560.270.69-0.1-0.09-0.030.42-0.69
0.280.360.59-0.180.330.280.160.60.370.780.26-0.04-0.29-0.050.15-0.40.10.640.450.380.150.19-0.01-0.42-0.18
0.60.630.59-0.470.660.860.550.560.70.550.00.3-0.29-0.06-0.11-0.160.240.670.670.880.390.340.10.16-0.47
0.27-0.7-0.18-0.470.0-0.42-0.51-0.44-0.11-0.530.070.46-0.360.30.21-0.250.6-0.620.16-0.570.560.380.22-0.650.85
0.940.340.330.660.00.790.520.350.990.09-0.140.610.040.12-0.190.320.550.20.550.780.720.590.34-0.09-0.14
0.690.570.280.86-0.420.790.520.370.810.22-0.170.46-0.02-0.16-0.230.250.270.390.480.940.460.510.040.2-0.35
0.360.590.160.55-0.510.520.520.480.60.35-0.360.140.20.35-0.530.33-0.080.480.40.690.07-0.190.460.38-0.77
0.210.250.60.56-0.440.350.370.480.420.550.27-0.21-0.060.170.06-0.020.130.740.190.53-0.02-0.130.29-0.06-0.48
0.890.440.370.7-0.110.990.810.60.420.2-0.140.520.110.12-0.220.340.480.320.540.830.620.50.34-0.04-0.27
-0.050.460.780.55-0.530.090.220.350.550.20.09-0.35-0.05-0.13-0.05-0.35-0.240.860.290.36-0.26-0.25-0.13-0.04-0.55
-0.13-0.140.260.00.07-0.14-0.17-0.360.27-0.140.09-0.51-0.21-0.060.97-0.340.210.15-0.03-0.16-0.09-0.080.0-0.130.09
0.79-0.05-0.040.30.460.610.460.14-0.210.52-0.35-0.51-0.30.21-0.420.090.6-0.350.540.330.880.750.27-0.250.39
-0.190.21-0.29-0.29-0.360.04-0.020.2-0.060.11-0.05-0.21-0.3-0.04-0.230.83-0.36-0.07-0.530.12-0.42-0.30.00.38-0.34
0.23-0.13-0.05-0.060.30.12-0.160.350.170.12-0.13-0.060.21-0.04-0.110.060.42-0.010.41-0.030.3-0.170.96-0.05-0.15
-0.13-0.230.15-0.110.21-0.19-0.23-0.530.06-0.22-0.050.97-0.42-0.23-0.11-0.340.25-0.03-0.06-0.27-0.030.0-0.06-0.170.26
0.130.18-0.4-0.16-0.250.320.250.33-0.020.34-0.35-0.340.090.830.06-0.34-0.13-0.27-0.410.33-0.080.010.180.32-0.23
0.75-0.290.10.240.60.550.27-0.080.130.48-0.240.210.6-0.360.420.25-0.13-0.10.510.170.860.540.52-0.430.43
0.050.560.640.67-0.620.20.390.480.740.320.860.15-0.35-0.07-0.01-0.03-0.27-0.10.340.51-0.21-0.280.040.12-0.67
0.680.270.450.670.160.550.480.40.190.540.29-0.030.54-0.530.41-0.06-0.410.510.340.450.670.360.46-0.13-0.12
0.630.690.380.88-0.570.780.940.690.530.830.36-0.160.330.12-0.03-0.270.330.170.510.450.340.340.180.31-0.56
0.91-0.10.150.390.560.720.460.07-0.020.62-0.26-0.090.88-0.420.3-0.03-0.080.86-0.210.670.340.770.4-0.380.42
0.71-0.090.190.340.380.590.51-0.19-0.130.5-0.25-0.080.75-0.3-0.170.00.010.54-0.280.360.340.77-0.07-0.40.51
0.41-0.03-0.010.10.220.340.040.460.290.34-0.130.00.270.00.96-0.060.180.520.040.460.180.4-0.070.0-0.22
-0.240.42-0.420.16-0.65-0.090.20.38-0.06-0.04-0.04-0.13-0.250.38-0.05-0.170.32-0.430.12-0.130.31-0.38-0.40.0-0.66
0.1-0.69-0.18-0.470.85-0.14-0.35-0.77-0.48-0.27-0.550.090.39-0.34-0.150.26-0.230.43-0.67-0.12-0.560.420.51-0.22-0.66
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Tilaknagar Industries Account Relationship Matchups

Tilaknagar Industries fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets10.8B10.1B10.1B10.1B10.3B12.2B
Short Long Term Debt Total941.9B11.9B13.4B18.4B1.2B1.2B
Other Current Liab113.4M127.6M129.1M122.4M778.0M591.2M
Total Current Liabilities3.6B3.9B4.4B4.3B2.6B2.4B
Total Stockholder Equity(173.7M)(557.2M)1.3B3.0B6.5B6.9B
Property Plant And Equipment Net6.0B5.7B5.4B4.2B4.0B5.8B
Net Debt5.6B5.6B5.4B2.2B1.1B1.1B
Accounts Payable1.6B1.5B1.7B1.3B1.2B1.3B
Cash184.2M259.4M427.4M348.1M103.2M98.0M
Non Current Assets Total7.1B6.7B5.9B4.6B4.4B6.4B
Non Currrent Assets Other(4K)708.6M1K64.6M424.6M510.8M
Cash And Short Term Investments206.7M292.4M874.0M739.5M427.6M756.1M
Net Receivables2.4B1.8B2.4B3.4B4.2B3.0B
Common Stock Shares Outstanding125.5M125.2M146.7M175.1M192.9M132.2M
Short Term Investments22.5M32.9M446.6M391.4M324.4M591.4M
Liabilities And Stockholders Equity10.8B10.1B10.1B10.1B10.3B12.2B
Non Current Liabilities Total7.4B6.8B4.4B2.8B1.2B1.2B
Inventory601.0M720.8M723.2M1.2B1.0B1.0B
Other Current Assets302.9M375.9M233.2M224.9M264.4M251.1M
Other Stockholder Equity2.0B2.0B3.0B2.6B5.1B3.6B
Total Liab11.0B10.7B8.8B7.1B3.8B3.6B
Total Current Assets3.7B3.4B4.2B5.5B5.9B5.8B
Accumulated Other Comprehensive Income(2.9B)192.8M330.4M311.0M243.2M255.3M
Intangible Assets4.0M3.6M3.4M3.1M4.5M4.3M
Retained Earnings(3.6B)(4.0B)(3.6B)(1.8B)(743.9M)(781.1M)
Short Term Debt886.8M1.2B2.0B2.3B565.2M536.9M
Other Liab1.5B2.5B2.2B594.5M683.6M649.4M
Net Tangible Assets(3.1B)(177.8M)(560.8M)1.3B1.2B736.2M
Other Assets1.0B1.0B362.3M3.2B2.9B2.8B
Long Term Debt882.1B724.1B20M240.1M631.0M599.5M
Short Long Term Debt881.8M558.1M2.0B2.3B561.5M533.4M
Property Plant Equipment6.0B5.7B5.4B27.6B24.8B23.6B
Long Term Debt Total941.0B10.7B11.4B16.1B14.5B13.7B
Capital Surpluse277.8B309.7B1.4B1.4B1.3B1.2B
Capital Lease Obligations10.7M5.6M2.0M24.2M21.9M23.0M

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Other Information on Investing in Tilaknagar Stock

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