VOLTAS Stock | | | 1,797 28.50 1.61% |
Voltas financial indicator trend analysis is much more than just breaking down Voltas Limited prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Voltas Limited is a good investment. Please check the relationship between Voltas Depreciation And Amortization and its Minority Interest accounts. Check out
World Market Map to better understand how to build diversified portfolios, which includes a position in Voltas 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.
Depreciation And Amortization vs Minority Interest
Depreciation And Amortization vs Minority Interest Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Voltas Limited Depreciation And Amortization account and
Minority Interest. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Voltas' Depreciation And Amortization and Minority Interest is -0.52. Overlapping area represents the amount of variation of Depreciation And Amortization that can explain the historical movement of Minority Interest in the same time period over historical financial statements of Voltas Limited, assuming nothing else is changed. The correlation between historical values of Voltas' Depreciation And Amortization and Minority Interest is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Depreciation And Amortization of Voltas Limited are associated (or correlated) with its Minority Interest. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Minority Interest has no effect on the direction of Depreciation And Amortization i.e., Voltas' Depreciation And Amortization and Minority Interest go up and down completely randomly.
Correlation Coefficient | -0.52 |
Relationship Direction | Negative |
Relationship Strength | Very Weak |
Depreciation And Amortization
The systematic reduction in the recorded value of an intangible asset. This includes the allocation of the cost of tangible assets to periods in which the assets are used, representing the expense related to the wear and tear, deterioration, or obsolescence of physical assets and intangible assets over their useful lives.
Minority Interest
Minority Interest is the portion of a subsidiary corporation stock that is not owned by the parent corporation. The magnitude of the minority interest in the subsidiary company is generally less than 50% of outstanding shares, otherwise the corporation would generally cease to be a subsidiary of the parent. Minority Interest can also be called non-controlling interest.All shareholders of Voltas Limited whose combined shares represent less than 50% of the total outstanding shares issued by Voltas have a minority interest in Voltas.
Most indicators from Voltas' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Voltas 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 Voltas 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.
The current year's
Selling General Administrative is expected to grow to about 9.3
B, whereas
Tax Provision is forecasted to decline to about 2.1
B.
| 2021 | 2022 | 2023 | 2024 (projected) |
Interest Expense | 258.7M | 295.9M | 558.8M | 586.7M | Depreciation And Amortization | 361.7M | 385.6M | 465.9M | 301.2M |
Voltas fundamental ratios Correlations
Click cells to compare fundamentals
Voltas Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Voltas fundamental ratios Accounts
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 Voltas Stock
Balance Sheet is a snapshot of the
financial position of Voltas Limited at a specified time, usually calculated after every quarter, six months, or one year. Voltas Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Voltas 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 Voltas currently owns. An asset can also be divided into two categories, current and non-current.