WIT Stock | | | USD 6.98 0.19 2.80% |
Wipro Limited financial indicator trend analysis is more than just analyzing Wipro Limited ADR current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Wipro Limited ADR is a good investment. Please check the relationship between Wipro Limited Short Long Term Debt and its Total Assets accounts. Check out
Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Wipro Limited ADR. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in gross domestic product.
Short Long Term Debt vs Total Assets
Short Long Term Debt vs Total Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Wipro Limited ADR Short Long Term Debt account and
Total Assets. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Wipro Limited's Short Long Term Debt and Total Assets is 0.45. Overlapping area represents the amount of variation of Short Long Term Debt that can explain the historical movement of Total Assets in the same time period over historical financial statements of Wipro Limited ADR, assuming nothing else is changed. The correlation between historical values of Wipro Limited's Short Long Term Debt and Total Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Short Long Term Debt of Wipro Limited ADR are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Short Long Term Debt i.e., Wipro Limited's Short Long Term Debt and Total Assets go up and down completely randomly.
Correlation Coefficient | 0.45 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Short Long Term Debt
The total of a company's short-term and long-term borrowings.
Total Assets
Total assets refers to the total amount of Wipro Limited assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Wipro Limited ADR books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.
Most indicators from Wipro Limited's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Wipro Limited ADR 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
Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Wipro Limited ADR. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in gross domestic product.
At this time, Wipro Limited's
Selling General Administrative is comparatively stable compared to the past year.
Enterprise Value is likely to gain to about 2
T in 2024, whereas
Tax Provision is likely to drop slightly above 31
B in 2024.
Wipro Limited fundamental ratios Correlations
Click cells to compare fundamentals
Wipro Limited Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Wipro Limited fundamental ratios Accounts
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