Zee Total Current Assets vs Total Stockholder Equity Analysis

ZEEL Stock   129.16  6.05  4.91%   
Zee Entertainment financial indicator trend analysis is more than just analyzing Zee Entertainment current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Zee Entertainment is a good investment. Please check the relationship between Zee Entertainment Total Current Assets and its Total Stockholder Equity accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Zee Entertainment Enterprises. 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.

Total Current Assets vs Total Stockholder Equity

Total Current Assets vs Total Stockholder Equity Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Zee Entertainment Total Current Assets account and Total Stockholder Equity. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Zee Entertainment's Total Current Assets and Total Stockholder Equity is 0.98. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Total Stockholder Equity in the same time period over historical financial statements of Zee Entertainment Enterprises, assuming nothing else is changed. The correlation between historical values of Zee Entertainment's Total Current Assets and Total Stockholder Equity is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Current Assets of Zee Entertainment Enterprises are associated (or correlated) with its Total Stockholder Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Stockholder Equity has no effect on the direction of Total Current Assets i.e., Zee Entertainment's Total Current Assets and Total Stockholder Equity go up and down completely randomly.

Correlation Coefficient

0.98
Relationship DirectionPositive 
Relationship StrengthVery Strong

Total Current Assets

The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.

Total Stockholder Equity

The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.
Most indicators from Zee Entertainment's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Zee Entertainment 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 Zee Entertainment Enterprises. 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.
Selling General Administrative is likely to gain to about 6.3 B in 2024, whereas Tax Provision is likely to drop slightly above 1.7 B in 2024.
 2021 2022 2023 2024 (projected)
Interest Expense204M702.4M720.7M573.4M
Depreciation And Amortization2.4B3.1B3.2B3.3B

Zee Entertainment fundamental ratios Correlations

-0.010.710.950.980.01-0.480.910.530.76-0.120.290.620.40.310.810.36-0.080.851.0-0.25-0.420.97-0.45-0.05-0.76
-0.01-0.330.02-0.10.06-0.62-0.310.630.320.610.670.16-0.110.56-0.370.010.060.27-0.05-0.24-0.250.010.440.390.14
0.71-0.330.580.730.24-0.160.680.250.33-0.310.050.10.220.130.750.490.110.490.73-0.330.120.75-0.29-0.33-0.79
0.950.020.580.9-0.06-0.470.910.480.8-0.110.340.770.360.330.70.24-0.170.90.94-0.21-0.470.91-0.330.16-0.63
0.98-0.10.730.9-0.03-0.380.910.420.71-0.180.170.540.430.140.850.37-0.050.740.98-0.22-0.410.95-0.56-0.12-0.74
0.010.060.24-0.06-0.030.23-0.04-0.070.18-0.41-0.280.09-0.590.310.020.00.00.1-0.01-0.230.730.090.16-0.06-0.14
-0.48-0.62-0.16-0.47-0.380.23-0.17-0.98-0.41-0.57-0.93-0.29-0.34-0.73-0.13-0.29-0.03-0.69-0.470.160.54-0.49-0.14-0.120.46
0.91-0.310.680.910.91-0.04-0.170.20.63-0.270.050.60.360.10.810.26-0.220.730.92-0.22-0.30.87-0.48-0.08-0.67
0.530.630.250.480.42-0.07-0.980.20.440.50.890.270.250.790.160.370.030.730.52-0.22-0.430.540.150.07-0.54
0.760.320.330.80.710.18-0.410.630.440.010.290.790.260.350.550.030.070.760.71-0.14-0.390.75-0.270.24-0.33
-0.120.61-0.31-0.11-0.18-0.41-0.57-0.270.50.010.72-0.160.150.39-0.350.03-0.030.09-0.14-0.03-0.4-0.130.470.130.15
0.290.670.050.340.17-0.28-0.930.050.890.290.720.20.220.75-0.10.22-0.030.60.29-0.18-0.450.290.450.27-0.28
0.620.160.10.770.540.09-0.290.60.270.79-0.160.20.160.30.35-0.34-0.210.710.58-0.03-0.340.58-0.180.43-0.19
0.4-0.110.220.360.43-0.59-0.340.360.250.260.150.220.16-0.050.580.060.520.250.40.02-0.60.43-0.57-0.46-0.36
0.310.560.130.330.140.31-0.730.10.790.350.390.750.3-0.050.00.24-0.070.710.29-0.22-0.030.350.410.05-0.46
0.81-0.370.750.70.850.02-0.130.810.160.55-0.35-0.10.350.580.00.380.20.520.81-0.21-0.210.86-0.76-0.49-0.77
0.360.010.490.240.370.0-0.290.260.370.030.030.22-0.340.060.240.38-0.040.290.39-0.22-0.160.37-0.17-0.36-0.63
-0.080.060.11-0.17-0.050.0-0.03-0.220.030.07-0.03-0.03-0.210.52-0.070.2-0.04-0.16-0.1-0.180.040.03-0.21-0.40.01
0.850.270.490.90.740.1-0.690.730.730.760.090.60.710.250.710.520.29-0.160.84-0.26-0.370.84-0.060.14-0.69
1.0-0.050.730.940.98-0.01-0.470.920.520.71-0.140.290.580.40.290.810.39-0.10.84-0.25-0.40.97-0.46-0.08-0.79
-0.25-0.24-0.33-0.21-0.22-0.230.16-0.22-0.22-0.14-0.03-0.18-0.030.02-0.22-0.21-0.22-0.18-0.26-0.25-0.22-0.38-0.120.050.28
-0.42-0.250.12-0.47-0.410.730.54-0.3-0.43-0.39-0.4-0.45-0.34-0.6-0.03-0.21-0.160.04-0.37-0.4-0.22-0.320.32-0.170.1
0.970.010.750.910.950.09-0.490.870.540.75-0.130.290.580.430.350.860.370.030.840.97-0.38-0.32-0.47-0.16-0.82
-0.450.44-0.29-0.33-0.560.16-0.14-0.480.15-0.270.470.45-0.18-0.570.41-0.76-0.17-0.21-0.06-0.46-0.120.32-0.470.520.39
-0.050.39-0.330.16-0.12-0.06-0.12-0.080.070.240.130.270.43-0.460.05-0.49-0.36-0.40.14-0.080.05-0.17-0.160.520.49
-0.760.14-0.79-0.63-0.74-0.140.46-0.67-0.54-0.330.15-0.28-0.19-0.36-0.46-0.77-0.630.01-0.69-0.790.280.1-0.820.390.49
Click cells to compare fundamentals

Zee Entertainment Account Relationship Matchups

Zee Entertainment fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets123.7B128.2B132.4B137.3B134.5B84.1B
Short Long Term Debt Total3.9B400M763M2.8B2.3B2.2B
Other Current Liab3.0B10.1B6.1B8.1B7.4B4.4B
Total Current Liabilities25.3B25.4B22.2B26.3B22.5B15.7B
Total Stockholder Equity93.4B100.9B108.6B107.2B108.7B63.6B
Property Plant And Equipment Net7.1B5.9B5.9B7.3B6.5B5.9B
Net Debt(6.4B)(10.1B)(11.2B)(4.4B)(8.8B)(8.4B)
Accounts Payable16.8B14.0B13.7B17.5B14.4B7.6B
Cash7.3B10.5B12.0B7.2B11.1B7.8B
Non Current Assets Total22.8B21.7B21.0B25.0B22.2B21.9B
Non Currrent Assets Other6.4B6.1B5.4B7.1B5.1B7.6B
Cash And Short Term Investments10.1B18.2B12.2B11.7B11.9B12.6B
Net Receivables35.5B23.1B21.7B18.9B20.5B21.4B
Common Stock Shares Outstanding960.5M960.5M960.7M955.8M1.0B1.0B
Liabilities And Stockholders Equity123.7B128.2B132.4B137.3B134.5B84.1B
Non Current Liabilities Total4.9B1.7B1.6B3.7B3.3B4.4B
Inventory53.5B54.0B63.9B73.1B69.1B72.6B
Other Current Assets2.0B11.6B12.9B31.3B9.9B6.7B
Other Stockholder Equity(79.1B)(24M)316M(25.3M)107.8B113.2B
Total Liab30.2B27.1B23.8B30.1B25.8B20.2B
Total Current Assets101.0B106.5B111.4B112.3B111.4B62.2B
Accumulated Other Comprehensive Income(7.2B)21.0B25.1B26.3B26.4B27.7B
Intangible Assets2.0B2.4B2.7B2.7B1.9B3.1B
Retained Earnings75.3B79.0B82.2B79.7B81.4B65.0B
Short Term Investments2.8B7.7B242M4.5B752M714.4M
Current Deferred Revenue5.1B8.4B5.0B4.5B300K285K
Good Will4.1B3.8B3.5B3.3B3.3B4.2B
Short Term Debt404M204M207M653M681.7M567.8M
Other Liab1.4B1.4B1.5B1.0B1.2B1.1B
Net Tangible Assets82.1B87.4B94.7B102.5B117.8B71.4B
Other Assets8.2B1M8.5B847M974.1M925.3M
Long Term Debt3.0B195.3M20.6M40M32.4M30.8M
Short Long Term Debt3.0B11M14M18.9M22.6M21.5M
Property Plant Equipment7.0B7.1B5.9B5.9B6.8B6.3B
Long Term Debt Total7.4B3.5B195M555.8M500.2M475.2M
Net Invested Capital93.5B101.1B108.7B107.3B108.8B107.6B
Net Working Capital75.7B81.1B89.3B86.0B89.8B87.5B

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