| ZENITHSTL | | | 9.04 0.12 1.35% |
Zenith Steel financial indicator trend analysis is more than just analyzing Zenith Steel Pipes current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Zenith Steel Pipes is a good investment. Please check the relationship between Zenith Steel Non Current Assets Total and its Cash accounts. Check out
Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Zenith Steel Pipes. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in estimate.
Non Current Assets Total vs Cash
Non Current Assets Total vs Cash Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Zenith Steel Pipes Non Current Assets Total account and
Cash. At this time, the significance of the direction appears to have strong relationship.
The correlation between Zenith Steel's Non Current Assets Total and Cash is 0.7. Overlapping area represents the amount of variation of Non Current Assets Total that can explain the historical movement of Cash in the same time period over historical financial statements of Zenith Steel Pipes, assuming nothing else is changed. The correlation between historical values of Zenith Steel's Non Current Assets Total and Cash is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Non Current Assets Total of Zenith Steel Pipes are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Non Current Assets Total i.e., Zenith Steel's Non Current Assets Total and Cash go up and down completely randomly.
Correlation Coefficient | 0.7 |
| Relationship Direction | Positive |
| Relationship Strength | Significant |
Non Current Assets Total
The total value of a company's long-term assets, which are not expected to be converted into cash or used up within one year or the operating cycle, including property, plant, and equipment, and intangible assets.
Cash
Cash refers to the most liquid asset of Zenith Steel Pipes, which is listed under current asset account on Zenith Steel Pipes balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Zenith Steel customers. The amounts must be unrestricted with restricted cash listed in a different Zenith Steel account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.
Most indicators from Zenith Steel's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Zenith Steel Pipes 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 Zenith Steel Pipes. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in estimate.
Selling General Administrative is likely to gain to about 118.7
M in 2024, whereas
Tax Provision is likely to drop 0.00 in 2024.
Zenith Steel fundamental ratios Correlations
Click cells to compare fundamentals
Zenith Steel Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Zenith Steel fundamental ratios Accounts
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