Bhagiradha Tax Provision vs Operating Income Analysis

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 Tax Provision and its Operating Income 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.

Tax Provision vs Operating Income

Tax Provision vs Operating Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Bhagiradha Chemicals Tax Provision account and Operating Income. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between Bhagiradha Chemicals' Tax Provision and Operating Income is 0.52. Overlapping area represents the amount of variation of Tax Provision that can explain the historical movement of Operating Income 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' Tax Provision and Operating Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Tax Provision of Bhagiradha Chemicals Industries are associated (or correlated) with its Operating Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Operating Income has no effect on the direction of Tax Provision i.e., Bhagiradha Chemicals' Tax Provision and Operating Income go up and down completely randomly.

Correlation Coefficient

0.52

Relationship Direction	Positive
Relationship Strength	Weak

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Tax Provision

The amount set aside by a company to cover any estimated taxes for the current period. It reflects the company's expected tax liabilities.

Operating Income

Operating Income is the amount of profit realized from Bhagiradha Chemicals operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Bhagiradha Chemicals Industries is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.

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

Interest Expense Depreciation And Amortization

Bhagiradha Chemicals 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	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Common Stock	Net Receivables	Current Deferred Revenue	Intangible Assets	Other Liab
Total Assets		0.39	0.57	0.43	0.98	0.98	0.3	0.96	0.43	0.8	0.98	0.83	0.82	-0.05	0.58	0.58	0.33	0.95	0.55	0.97	0.36	0.77	0.52	0.77	0.91	0.89
Short Long Term Debt Total	0.39		0.34	0.82	0.23	0.34	0.99	0.29	0.7	-0.02	0.34	0.0	0.06	-0.2	0.3	0.64	0.19	0.12	0.85	0.44	0.93	0.31	0.03	0.21	0.16	0.29
Other Current Liab	0.57	0.34		0.57	0.5	0.58	0.28	0.43	0.42	0.47	0.59	0.42	0.42	0.1	-0.1	0.52	-0.1	0.5	0.52	0.52	0.39	0.54	0.27	0.52	0.53	0.29
Total Current Liabilities	0.43	0.82	0.57		0.24	0.32	0.79	0.25	0.94	0.09	0.33	0.05	0.11	-0.14	0.11	0.82	0.12	0.18	0.97	0.53	0.84	0.38	0.13	0.4	0.21	0.2
Total Stockholder Equity	0.98	0.23	0.5	0.24		0.98	0.14	0.98	0.24	0.84	0.98	0.87	0.85	0.0	0.59	0.45	0.35	0.98	0.37	0.92	0.19	0.78	0.51	0.75	0.93	0.91
Property Plant And Equipment Net	0.98	0.34	0.58	0.32	0.98		0.25	0.97	0.28	0.79	1.0	0.84	0.83	-0.03	0.56	0.47	0.29	0.95	0.43	0.9	0.29	0.79	0.51	0.72	0.92	0.87
Net Debt	0.3	0.99	0.28	0.79	0.14	0.25		0.21	0.67	-0.14	0.25	-0.1	-0.04	-0.22	0.24	0.57	0.19	0.02	0.81	0.35	0.92	0.21	-0.04	0.12	0.06	0.2
Retained Earnings	0.96	0.29	0.43	0.25	0.98	0.97	0.21		0.23	0.76	0.97	0.8	0.77	0.0	0.62	0.43	0.48	0.93	0.38	0.9	0.24	0.77	0.39	0.66	0.85	0.95
Accounts Payable	0.43	0.7	0.42	0.94	0.24	0.28	0.67	0.23		0.09	0.29	0.07	0.12	-0.18	0.2	0.8	0.12	0.2	0.94	0.56	0.67	0.35	0.23	0.43	0.19	0.17
Cash	0.8	-0.02	0.47	0.09	0.84	0.79	-0.14	0.76	0.09		0.79	0.94	0.97	0.11	0.32	0.32	-0.04	0.9	0.16	0.78	0.05	0.51	0.67	0.73	0.94	0.75
Non Current Assets Total	0.98	0.34	0.59	0.33	0.98	1.0	0.25	0.97	0.29	0.79		0.83	0.82	-0.04	0.56	0.49	0.31	0.95	0.44	0.91	0.29	0.8	0.49	0.72	0.92	0.88
Non Currrent Assets Other	0.83	0.0	0.42	0.05	0.87	0.84	-0.1	0.8	0.07	0.94	0.83		0.97	0.07	0.48	0.23	0.0	0.92	0.16	0.78	0.0	0.52	0.72	0.64	0.93	0.77
Cash And Short Term Investments	0.82	0.06	0.42	0.11	0.85	0.83	-0.04	0.77	0.12	0.97	0.82	0.97		0.05	0.43	0.31	-0.1	0.9	0.2	0.79	0.09	0.48	0.75	0.68	0.96	0.75
Common Stock Shares Outstanding	-0.05	-0.2	0.1	-0.14	0.0	-0.03	-0.22	0.0	-0.18	0.11	-0.04	0.07	0.05		-0.25	-0.22	-0.06	-0.01	-0.19	-0.06	-0.12	-0.05	0.07	-0.09	0.0	0.01
Non Current Liabilities Total	0.58	0.3	-0.1	0.11	0.59	0.56	0.24	0.62	0.2	0.32	0.56	0.48	0.43	-0.25		0.41	0.47	0.56	0.34	0.57	0.1	0.54	0.2	0.24	0.45	0.63
Inventory	0.58	0.64	0.52	0.82	0.45	0.47	0.57	0.43	0.8	0.32	0.49	0.23	0.31	-0.22	0.41		0.23	0.41	0.87	0.66	0.59	0.57	0.07	0.46	0.37	0.41
Other Current Assets	0.33	0.19	-0.1	0.12	0.35	0.29	0.19	0.48	0.12	-0.04	0.31	0.0	-0.1	-0.06	0.47	0.23		0.23	0.22	0.34	0.18	0.43	-0.48	0.11	0.02	0.55
Other Stockholder Equity	0.95	0.12	0.5	0.18	0.98	0.95	0.02	0.93	0.2	0.9	0.95	0.92	0.9	-0.01	0.56	0.41	0.23		0.3	0.9	0.09	0.75	0.6	0.78	0.95	0.86
Total Liab	0.55	0.85	0.52	0.97	0.37	0.43	0.81	0.38	0.94	0.16	0.44	0.16	0.2	-0.19	0.34	0.87	0.22	0.3		0.64	0.81	0.49	0.17	0.44	0.3	0.34
Total Current Assets	0.97	0.44	0.52	0.53	0.92	0.9	0.35	0.9	0.56	0.78	0.91	0.78	0.79	-0.06	0.57	0.66	0.34	0.9	0.64		0.43	0.71	0.52	0.79	0.85	0.86
Short Term Debt	0.36	0.93	0.39	0.84	0.19	0.29	0.92	0.24	0.67	0.05	0.29	0.0	0.09	-0.12	0.1	0.59	0.18	0.09	0.81	0.43		0.19	0.0	0.26	0.18	0.31
Common Stock	0.77	0.31	0.54	0.38	0.78	0.79	0.21	0.77	0.35	0.51	0.8	0.52	0.48	-0.05	0.54	0.57	0.43	0.75	0.49	0.71	0.19		0.26	0.71	0.66	0.64
Net Receivables	0.52	0.03	0.27	0.13	0.51	0.51	-0.04	0.39	0.23	0.67	0.49	0.72	0.75	0.07	0.2	0.07	-0.48	0.6	0.17	0.52	0.0	0.26		0.63	0.72	0.28
Current Deferred Revenue	0.77	0.21	0.52	0.4	0.75	0.72	0.12	0.66	0.43	0.73	0.72	0.64	0.68	-0.09	0.24	0.46	0.11	0.78	0.44	0.79	0.26	0.71	0.63		0.8	0.58
Intangible Assets	0.91	0.16	0.53	0.21	0.93	0.92	0.06	0.85	0.19	0.94	0.92	0.93	0.96	0.0	0.45	0.37	0.02	0.95	0.3	0.85	0.18	0.66	0.72	0.8		0.79
Other Liab	0.89	0.29	0.29	0.2	0.91	0.87	0.2	0.95	0.17	0.75	0.88	0.77	0.75	0.01	0.63	0.41	0.55	0.86	0.34	0.86	0.31	0.64	0.28	0.58	0.79

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Bhagiradha Chemicals Account Relationship Matchups

Bhagiradha Chemicals fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	2.3B	2.7B	3.4B	4.5B	5.8B	6.0B
Short Long Term Debt Total	428.7M	707.9M	806.2M	502.0M	616.4M	515.2M
Other Current Liab	234.9M	57.7M	69.7M	85.2M	155.2M	162.9M
Total Current Liabilities	831.0M	951.2M	1.3B	1.0B	1.3B	917.2M
Total Stockholder Equity	1.3B	1.6B	1.9B	3.1B	4.1B	4.3B
Property Plant And Equipment Net	1.4B	1.5B	1.6B	2.0B	2.9B	3.0B
Net Debt	401.5M	704.7M	784.1M	472.6M	517.1M	479.0M
Retained Earnings	596.4M	830.8M	1.2B	1.6B	1.7B	1.8B
Accounts Payable	241.7M	463.1M	545.9M	588.2M	652.5M	459.8M
Cash	27.3M	3.3M	22.0M	29.4M	99.2M	104.2M
Non Current Assets Total	1.5B	1.6B	1.7B	2.2B	3.0B	3.1B
Non Currrent Assets Other	36.5M	3.1M	8.6M	108.7M	385.0M	404.2M
Cash And Short Term Investments	37.0M	5.9M	22.0M	41.6M	484.2M	508.4M
Liabilities And Stockholders Equity	2.3B	2.7B	3.4B	4.5B	5.8B	6.0B
Non Current Liabilities Total	99.2M	223.6M	194.8M	329.1M	368.1M	205.4M
Inventory	562.5M	503.8M	679.3M	913.2M	1.1B	575.9M
Other Current Assets	58.2M	31.9M	1.0B	1.3B	115.4M	109.6M
Total Liab	930.2M	1.2B	1.5B	1.3B	1.6B	1.1B
Total Current Assets	785.7M	1.1B	1.7B	2.3B	2.8B	2.9B
Short Term Debt	354.5M	429.8M	703.8M	334.1M	444.9M	455.2M
Net Receivables	114.9M	598.0M	(8.3M)	(1K)	1.1B	1.1B
Intangible Assets	5.6M	4.4M	5.3M	4.9M	22.4M	23.5M
Other Liab	17.3M	24.9M	29.3M	92.4M	106.2M	111.5M
Net Tangible Assets	1.3B	1.3B	1.6B	1.9B	2.2B	1.6B
Other Assets	65.8M	(1.0)	43.8M	1K	900.0	855.0
Short Term Investments	9.7M	2.6M	10.1M	12.2M	385.0M	404.2M
Property Plant Equipment	1.1B	1.4B	1.5B	1.6B	1.9B	1.4B
Long Term Debt	74.3M	278.2M	100.3M	165.7M	169.4M	156.7M
Net Invested Capital	1.8B	2.3B	2.7B	3.6B	4.8B	3.1B
Short Long Term Debt	354.5M	429.6M	705.1M	334.0M	444.8M	490.4M
Net Working Capital	(45.3M)	189.7M	412.6M	1.3B	1.5B	1.6B

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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.

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Bhagiradha Tax Provision vs Operating Income Analysis

Tax Provision vs Operating Income

Tax Provision vs Operating Income Correlation Analysis

Correlation Coefficient

Tax Provision

Operating Income

Bhagiradha Chemicals fundamental ratios Correlations

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

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Net Debt	+ 0.99	Short Long Term Debt Total
Total Stockholder Equity	+ 0.98	Total Assets
Property Plant And Equipment Net	+ 0.98	Total Assets
Non Current Assets Total	+ 0.98	Total Assets
Property Plant And Equipment Net	+ 0.98	Total Stockholder Equity

Net Receivables	- 0.48	Other Current Assets
Non Current Liabilities Total	- 0.25	Common Stock Shares Outstanding
Inventory	- 0.22	Common Stock Shares Outstanding
Common Stock Shares Outstanding	- 0.22	Net Debt
Common Stock Shares Outstanding	- 0.2	Short Long Term Debt Total
Total Liab	- 0.19	Common Stock Shares Outstanding