Voltas Net Income vs Other Non Cash Items Analysis

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 Net Income and its Other Non Cash Items 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.

Net Income vs Other Non Cash Items

Net Income vs Other Non Cash Items Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Voltas Limited Net Income account and Other Non Cash Items. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Voltas' Net Income and Other Non Cash Items is -0.43. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Other Non Cash Items in the same time period over historical financial statements of Voltas Limited, assuming nothing else is changed. The correlation between historical values of Voltas' Net Income and Other Non Cash Items is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Income of Voltas Limited are associated (or correlated) with its Other Non Cash Items. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Non Cash Items has no effect on the direction of Net Income i.e., Voltas' Net Income and Other Non Cash Items go up and down completely randomly.

Correlation Coefficient

-0.43

Relationship Direction	Negative
Relationship Strength	Very Weak

View All Relationships

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in Voltas Limited financial statement analysis. It represents the amount of money remaining after all of Voltas Limited operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

Other Non Cash Items

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

Interest Expense Depreciation And Amortization

Voltas fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Intangible Assets	Common Stock	Good Will	Current Deferred Revenue	Retained Earnings	Short Term Investments
Total Assets		0.83	-0.13	0.82	0.98	0.87	-0.33	0.99	0.9	0.96	-0.19	0.86	0.78	-0.63	0.67	0.81	-0.02	-0.54	0.81	0.81	-0.13	-0.56	0.41	0.4	0.86	0.47
Short Long Term Debt Total	0.83		0.04	0.65	0.74	0.95	0.01	0.86	0.95	0.75	-0.19	0.86	0.49	-0.77	0.85	0.67	0.15	-0.33	0.67	0.61	-0.37	-0.31	0.27	0.18	0.58	0.45
Other Current Liab	-0.13	0.04		0.03	-0.26	0.07	0.02	-0.07	0.05	-0.24	0.09	0.0	-0.14	-0.15	0.2	-0.03	0.34	0.62	0.05	-0.05	0.27	-0.2	0.4	-0.01	-0.37	-0.09
Total Current Liabilities	0.82	0.65	0.03		0.8	0.63	-0.26	0.8	0.7	0.75	-0.13	0.7	0.92	-0.23	0.41	0.96	0.12	-0.35	1.0	0.98	-0.1	-0.65	0.58	0.41	0.82	0.51
Total Stockholder Equity	0.98	0.74	-0.26	0.8		0.77	-0.41	0.95	0.83	0.98	-0.22	0.79	0.81	-0.51	0.54	0.8	-0.1	-0.63	0.79	0.81	-0.16	-0.51	0.33	0.37	0.93	0.46
Property Plant And Equipment Net	0.87	0.95	0.07	0.63	0.77		-0.09	0.9	0.94	0.8	-0.26	0.84	0.44	-0.87	0.93	0.66	0.08	-0.39	0.65	0.58	-0.34	-0.28	0.23	0.2	0.6	0.41
Net Debt	-0.33	0.01	0.02	-0.26	-0.41	-0.09		-0.28	-0.29	-0.46	0.48	0.05	-0.38	0.02	0.01	-0.31	0.08	0.07	-0.24	-0.24	-0.08	0.26	-0.22	-0.13	-0.42	0.38
Accounts Payable	0.99	0.86	-0.07	0.8	0.95	0.9	-0.28		0.91	0.92	-0.17	0.88	0.73	-0.69	0.72	0.81	0.06	-0.48	0.8	0.8	-0.12	-0.56	0.45	0.38	0.81	0.49
Cash	0.9	0.95	0.05	0.7	0.83	0.94	-0.29	0.91		0.85	-0.33	0.8	0.58	-0.74	0.81	0.73	0.12	-0.33	0.71	0.65	-0.33	-0.37	0.33	0.22	0.68	0.31
Non Current Assets Total	0.96	0.75	-0.24	0.75	0.98	0.8	-0.46	0.92	0.85		-0.37	0.72	0.74	-0.56	0.6	0.75	-0.14	-0.67	0.75	0.73	-0.25	-0.41	0.24	0.34	0.91	0.32
Non Currrent Assets Other	-0.19	-0.19	0.09	-0.13	-0.22	-0.26	0.48	-0.17	-0.33	-0.37		0.22	-0.07	0.13	-0.23	-0.25	0.05	0.24	-0.14	-0.01	0.48	-0.31	0.3	0.19	-0.31	0.59
Cash And Short Term Investments	0.86	0.86	0.0	0.7	0.79	0.84	0.05	0.88	0.8	0.72	0.22		0.59	-0.67	0.69	0.67	0.09	-0.37	0.7	0.73	-0.12	-0.5	0.41	0.34	0.64	0.79
Net Receivables	0.78	0.49	-0.14	0.92	0.81	0.44	-0.38	0.73	0.58	0.74	-0.07	0.59		-0.05	0.17	0.87	0.03	-0.37	0.9	0.94	0.08	-0.75	0.62	0.47	0.84	0.42
Common Stock Shares Outstanding	-0.63	-0.77	-0.15	-0.23	-0.51	-0.87	0.02	-0.69	-0.74	-0.56	0.13	-0.67	-0.05		-0.94	-0.26	-0.04	0.23	-0.25	-0.17	0.17	0.13	-0.11	-0.09	-0.23	-0.24
Non Current Liabilities Total	0.67	0.85	0.2	0.41	0.54	0.93	0.01	0.72	0.81	0.6	-0.23	0.69	0.17	-0.94		0.45	0.07	-0.24	0.45	0.33	-0.35	-0.12	0.13	0.1	0.33	0.28
Inventory	0.81	0.67	-0.03	0.96	0.8	0.66	-0.31	0.81	0.73	0.75	-0.25	0.67	0.87	-0.26	0.45		0.13	-0.33	0.96	0.95	-0.18	-0.57	0.51	0.33	0.83	0.45
Other Current Assets	-0.02	0.15	0.34	0.12	-0.1	0.08	0.08	0.06	0.12	-0.14	0.05	0.09	0.03	-0.04	0.07	0.13		0.31	0.12	0.11	-0.08	-0.14	0.28	0.17	-0.14	0.03
Other Stockholder Equity	-0.54	-0.33	0.62	-0.35	-0.63	-0.39	0.07	-0.48	-0.33	-0.67	0.24	-0.37	-0.37	0.23	-0.24	-0.33	0.31		-0.35	-0.36	0.45	-0.1	0.34	-0.08	-0.71	-0.33
Total Liab	0.81	0.67	0.05	1.0	0.79	0.65	-0.24	0.8	0.71	0.75	-0.14	0.7	0.9	-0.25	0.45	0.96	0.12	-0.35		0.97	-0.14	-0.63	0.56	0.39	0.81	0.51
Total Current Assets	0.81	0.61	-0.05	0.98	0.81	0.58	-0.24	0.8	0.65	0.73	-0.01	0.73	0.94	-0.17	0.33	0.95	0.11	-0.36	0.97		-0.05	-0.67	0.58	0.4	0.84	0.61
Intangible Assets	-0.13	-0.37	0.27	-0.1	-0.16	-0.34	-0.08	-0.12	-0.33	-0.25	0.48	-0.12	0.08	0.17	-0.35	-0.18	-0.08	0.45	-0.14	-0.05		-0.63	0.65	0.22	-0.3	-0.08
Common Stock	-0.56	-0.31	-0.2	-0.65	-0.51	-0.28	0.26	-0.56	-0.37	-0.41	-0.31	-0.5	-0.75	0.13	-0.12	-0.57	-0.14	-0.1	-0.63	-0.67	-0.63		-0.95	-0.62	-0.37	-0.32
Good Will	0.41	0.27	0.4	0.58	0.33	0.23	-0.22	0.45	0.33	0.24	0.3	0.41	0.62	-0.11	0.13	0.51	0.28	0.34	0.56	0.58	0.65	-0.95		0.48	0.18	0.22
Current Deferred Revenue	0.4	0.18	-0.01	0.41	0.37	0.2	-0.13	0.38	0.22	0.34	0.19	0.34	0.47	-0.09	0.1	0.33	0.17	-0.08	0.39	0.4	0.22	-0.62	0.48		0.29	0.23
Retained Earnings	0.86	0.58	-0.37	0.82	0.93	0.6	-0.42	0.81	0.68	0.91	-0.31	0.64	0.84	-0.23	0.33	0.83	-0.14	-0.71	0.81	0.84	-0.3	-0.37	0.18	0.29		0.44
Short Term Investments	0.47	0.45	-0.09	0.51	0.46	0.41	0.38	0.49	0.31	0.32	0.59	0.79	0.42	-0.24	0.28	0.45	0.03	-0.33	0.51	0.61	-0.08	-0.32	0.22	0.23	0.44

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Voltas Account Relationship Matchups

Voltas fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	81.6B	86.6B	97.5B	102.8B	120.4B	126.4B
Short Long Term Debt Total	2.2B	2.8B	3.8B	6.5B	7.4B	7.8B
Other Current Liab	2.7B	730.4M	888.4M	4.4B	7.0B	4.4B
Total Current Liabilities	37.3B	35.0B	40.6B	46.2B	57.6B	29.9B
Total Stockholder Equity	42.8B	49.9B	55.0B	54.5B	58.2B	61.1B
Property Plant And Equipment Net	3.2B	3.2B	3.6B	5.0B	7.9B	8.3B
Net Debt	(517.1M)	(1.9B)	(2.0B)	(421.4M)	(716.7M)	(752.5M)
Accounts Payable	26.9B	24.6B	29.4B	30.1B	38.6B	40.5B
Cash	2.7B	4.5B	5.6B	6.9B	8.2B	8.6B
Non Current Assets Total	25.8B	34.7B	38.7B	38.3B	43.1B	45.3B
Non Currrent Assets Other	2.0B	1.4B	1.3B	1.7B	2.2B	4.2B
Cash And Short Term Investments	8.7B	7.4B	10.5B	13.7B	17.4B	18.3B
Net Receivables	27.3B	31.5B	31.6B	34.1B	32.8B	21.3B
Liabilities And Stockholders Equity	81.6B	86.6B	97.5B	102.8B	120.4B	126.4B
Non Current Liabilities Total	1.1B	1.2B	1.5B	1.7B	4.3B	4.5B
Inventory	14.7B	12.8B	16.6B	15.9B	21.4B	10.7B
Other Current Assets	4.6B	257.6M	114M	5.9B	6.5B	3.4B
Total Liab	38.4B	36.3B	42.1B	47.9B	61.8B	31.4B
Total Current Assets	55.8B	51.9B	58.8B	64.5B	77.2B	41.5B
Accumulated Other Comprehensive Income	(2.6B)	21.0B	23.0B	22.6B	25.6B	26.8B
Intangible Assets	94.8M	84.6M	71.7M	61.9M	55.9M	85.0M
Current Deferred Revenue	7.9B	7.1B	6.8B	8.3B	6.5B	7.9B
Retained Earnings	24.8B	28.6B	31.6B	31.5B	32.3B	19.7B
Short Term Investments	6.0B	2.9B	4.9B	6.8B	9.3B	6.2B
Short Term Debt	2.1B	2.5B	3.5B	6.0B	4.9B	5.2B
Other Liab	919.5M	1.2B	1.2B	1.4B	1.6B	1.2B
Net Tangible Assets	40.3B	42.0B	49.1B	54.2B	62.3B	39.2B
Other Assets	3.2B	2.5B	2.2B	364.2M	327.8M	311.4M
Short Long Term Debt	2.1B	2.5B	3.4B	5.9B	4.9B	2.8B
Property Plant Equipment	2.8B	2.6B	3.1B	5.0B	5.7B	6.0B
Long Term Debt Total	54.1M	250.7M	275.7M	465.4M	535.2M	562.0M
Cash And Equivalents	475.1M	160.3M	650.1M	2.4B	2.7B	2.9B
Net Invested Capital	44.9B	52.5B	58.4B	60.7B	65.3B	57.6B

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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.

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Voltas Net Income vs Other Non Cash Items Analysis

Net Income vs Other Non Cash Items

Net Income vs Other Non Cash Items Correlation Analysis

Correlation Coefficient

Net Income

Other Non Cash Items

Voltas fundamental ratios Correlations

Voltas Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Voltas fundamental ratios Accounts

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Other Information on Investing in Voltas Stock

COMMON DESTINATIONS

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COMPANY

Total Liab	+ 1.0	Total Current Liabilities
Accounts Payable	+ 0.99	Total Assets
Total Stockholder Equity	+ 0.98	Total Assets
Total Current Assets	+ 0.98	Total Current Liabilities
Non Current Assets Total	+ 0.98	Total Stockholder Equity
Total Current Assets	+ 0.97	Total Liab

Good Will	- 0.95	Common Stock
Non Current Liabilities Total	- 0.94	Common Stock Shares Outstanding
Common Stock Shares Outstanding	- 0.87	Property Plant And Equipment Net
Common Stock Shares Outstanding	- 0.77	Short Long Term Debt Total
Common Stock	- 0.75	Net Receivables
Common Stock Shares Outstanding	- 0.74	Cash