BHAGCHEM | | | 296.60 3.30 1.10% |
Bhagiradha Chemicals financial indicator trend analysis is way more than just evaluating Bhagiradha Chemicals prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Bhagiradha Chemicals is a good investment. Please check the relationship between Bhagiradha Chemicals Selling General Administrative and its Depreciation And Amortization accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Bhagiradha Chemicals Industries. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in main economic indicators.
Selling General Administrative vs Depreciation And Amortization
Selling General Administrative vs Depreciation And Amortization Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Bhagiradha Chemicals Selling General Administrative account and
Depreciation And Amortization. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Bhagiradha Chemicals' Selling General Administrative and Depreciation And Amortization is -0.12. Overlapping area represents the amount of variation of Selling General Administrative that can explain the historical movement of Depreciation And Amortization in the same time period over historical financial statements of Bhagiradha Chemicals Industries, assuming nothing else is changed. The correlation between historical values of Bhagiradha Chemicals' Selling General Administrative and Depreciation And Amortization is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Selling General Administrative of Bhagiradha Chemicals Industries are associated (or correlated) with its Depreciation And Amortization. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Depreciation And Amortization has no effect on the direction of Selling General Administrative i.e., Bhagiradha Chemicals' Selling General Administrative and Depreciation And Amortization go up and down completely randomly.
Correlation Coefficient | -0.12 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Selling General Administrative
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.
Most indicators from Bhagiradha Chemicals' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Bhagiradha Chemicals 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
Trending Equities to better understand how to build diversified portfolios, which includes a position in Bhagiradha Chemicals Industries. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in main economic indicators.
At present, Bhagiradha Chemicals'
Issuance Of Capital Stock is projected to increase significantly based on the last few years of reporting.
| 2021 | 2022 | 2023 | 2024 (projected) |
Interest Expense | 52.0M | 49.8M | 76.9M | 45.4M | Depreciation And Amortization | 87.3M | 98.1M | 109.8M | 55.1M |
Bhagiradha Chemicals fundamental ratios Correlations
Click cells to compare fundamentals
Bhagiradha Chemicals Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Bhagiradha Chemicals fundamental ratios Accounts
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Other Information on Investing in Bhagiradha Stock
Balance Sheet is a snapshot of the
financial position of Bhagiradha Chemicals at a specified time, usually calculated after every quarter, six months, or one year. Bhagiradha Chemicals Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Bhagiradha Chemicals 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 Bhagiradha currently owns. An asset can also be divided into two categories, current and non-current.