Bodal Common Stock vs Intangible Assets Analysis

BODALCHEM   69.31  0.12  0.17%   
Bodal Chemicals financial indicator trend analysis is way more than just evaluating Bodal Chemicals prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Bodal Chemicals is a good investment. Please check the relationship between Bodal Chemicals Common Stock and its Intangible Assets accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Bodal Chemicals Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

Common Stock vs Intangible Assets

Common Stock vs Intangible Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Bodal Chemicals Common Stock account and Intangible Assets. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Bodal Chemicals' Common Stock and Intangible Assets is -0.12. Overlapping area represents the amount of variation of Common Stock that can explain the historical movement of Intangible Assets in the same time period over historical financial statements of Bodal Chemicals Limited, assuming nothing else is changed. The correlation between historical values of Bodal Chemicals' Common Stock and Intangible 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 Common Stock of Bodal Chemicals Limited are associated (or correlated) with its Intangible Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Intangible Assets has no effect on the direction of Common Stock i.e., Bodal Chemicals' Common Stock and Intangible Assets go up and down completely randomly.

Correlation Coefficient

-0.12
Relationship DirectionNegative 
Relationship StrengthInsignificant

Common Stock

Intangible Assets

Non-physical assets possessed by a company, such as patents, trademarks, and copyrights, which provide long-term value.
Most indicators from Bodal Chemicals' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Bodal 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 Bodal Chemicals Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.
The Bodal Chemicals' current Selling General Administrative is estimated to increase to about 104.4 M, while Tax Provision is forecasted to increase to (16.5 M).
 2021 2022 2023 2024 (projected)
Interest Expense274.5M410.3M542.5M569.7M
Depreciation And Amortization466.2M530.9M604.9M635.2M

Bodal Chemicals fundamental ratios Correlations

0.80.290.830.960.980.80.790.790.980.460.170.620.74-0.20.730.810.510.670.940.84-0.170.830.480.770.87
0.80.290.590.610.861.00.340.80.860.360.520.340.490.080.980.520.140.290.950.50.090.740.070.790.47
0.290.290.520.210.240.30.250.030.22-0.060.02-0.020.310.080.160.47-0.14-0.030.360.41-0.160.360.220.530.24
0.830.590.520.80.740.590.880.490.740.450.060.550.8-0.130.470.950.470.670.780.96-0.160.790.60.870.87
0.960.610.210.80.910.60.860.70.920.45-0.030.690.74-0.330.540.810.620.760.80.87-0.280.740.570.640.95
0.980.860.240.740.910.860.670.851.00.40.250.580.68-0.160.820.70.460.590.950.72-0.170.780.350.740.8
0.81.00.30.590.60.860.330.790.850.360.510.330.490.090.980.520.130.280.950.490.10.740.060.80.47
0.790.340.250.880.860.670.330.380.670.42-0.160.60.78-0.270.240.90.650.780.60.95-0.20.660.750.570.91
0.790.80.030.490.70.850.790.380.850.280.440.450.48-0.190.760.410.260.490.810.43-0.160.550.210.60.56
0.980.860.220.740.921.00.850.670.850.420.250.580.68-0.170.810.70.470.610.950.73-0.180.780.340.740.8
0.460.36-0.060.450.450.40.360.420.280.420.00.160.47-0.220.340.450.360.720.410.50.00.41-0.040.420.5
0.170.520.020.06-0.030.250.51-0.160.440.250.0-0.070.010.750.52-0.11-0.18-0.230.39-0.10.410.11-0.170.32-0.16
0.620.34-0.020.550.690.580.330.60.450.580.16-0.070.27-0.170.290.580.630.470.470.62-0.40.50.50.520.71
0.740.490.310.80.740.680.490.780.480.680.470.010.27-0.220.410.730.520.640.660.80.160.550.480.540.75
-0.20.080.08-0.13-0.33-0.160.09-0.27-0.19-0.17-0.220.75-0.17-0.220.1-0.26-0.18-0.58-0.01-0.240.5-0.12-0.190.03-0.39
0.730.980.160.470.540.820.980.240.760.810.340.520.290.410.10.410.120.220.890.390.160.66-0.050.70.39
0.810.520.470.950.810.70.520.90.410.70.45-0.110.580.73-0.260.410.510.690.720.98-0.160.820.640.770.88
0.510.14-0.140.470.620.460.130.650.260.470.36-0.180.630.52-0.180.120.510.550.320.56-0.20.440.260.240.66
0.670.29-0.030.670.760.590.280.780.490.610.72-0.230.470.64-0.580.220.690.550.470.74-0.370.480.40.460.84
0.940.950.360.780.80.950.950.60.810.950.410.390.470.66-0.010.890.720.320.470.72-0.020.840.310.840.68
0.840.50.410.960.870.720.490.950.430.730.5-0.10.620.8-0.240.390.980.560.740.72-0.150.770.680.740.93
-0.170.09-0.16-0.16-0.28-0.170.1-0.2-0.16-0.180.00.41-0.40.160.50.16-0.16-0.2-0.37-0.02-0.15-0.12-0.15-0.17-0.34
0.830.740.360.790.740.780.740.660.550.780.410.110.50.55-0.120.660.820.440.480.840.77-0.120.410.80.71
0.480.070.220.60.570.350.060.750.210.34-0.04-0.170.50.48-0.19-0.050.640.260.40.310.68-0.150.410.30.59
0.770.790.530.870.640.740.80.570.60.740.420.320.520.540.030.70.770.240.460.840.74-0.170.80.30.67
0.870.470.240.870.950.80.470.910.560.80.5-0.160.710.75-0.390.390.880.660.840.680.93-0.340.710.590.67
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Bodal Chemicals Account Relationship Matchups

Bodal Chemicals fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets14.7B17.5B21.2B21.2B22.9B24.0B
Short Long Term Debt Total1.8B3.5B5.8B7.0B8.5B8.9B
Other Current Liab129.2M176.7M671.9M284.8M319.0M217.0M
Total Current Liabilities4.9B6.1B8.0B6.2B6.9B3.6B
Total Stockholder Equity9.3B9.8B10.6B10.8B10.8B11.4B
Property Plant And Equipment Net6.5B8.1B9.3B11.5B13.7B14.4B
Net Debt1.7B3.4B5.7B6.8B8.1B8.5B
Accounts Payable2.9B3.3B3.6B2.5B2.5B1.8B
Cash144.7M119.1M93M168.0M332.4M349.0M
Non Current Assets Total7.1B8.8B9.9B12.7B14.7B15.5B
Non Currrent Assets Other222.6M410.4M350.8M1.1B370.6M270.6M
Cash And Short Term Investments144.7M119.1M94.0M225.9M462.5M485.6M
Common Stock Shares Outstanding122.2M122.5M122.5M125.5M126.8M114.5M
Liabilities And Stockholders Equity14.7B17.5B21.2B21.2B22.9B24.0B
Non Current Liabilities Total383.4M1.6B2.7B4.2B5.1B5.4B
Inventory2.2B3.1B4.4B2.9B2.7B1.6B
Other Current Assets5.2B5.5B468.5M5.4B1.2B1.5B
Total Liab5.3B7.7B10.7B10.4B12.1B12.7B
Total Current Assets7.6B8.7B11.3B8.5B8.1B4.9B
Accumulated Other Comprehensive Income(913.1M)1.0B1.1B1.0B1.0B1.1B
Intangible Assets8.8M79.5M69.2M60.7M50.0M52.5M
Net Receivables5.2B5.5B6.0B(57.5M)3.9B2.8B
Short Term Debt1.8B2.4B3.6B3.4B4.0B2.1B
Retained Earnings5.8B6.2B6.8B7.1B7.1B3.7B
Current Deferred Revenue195.0M337.2M748.5M223.1M104.7M99.4M
Net Tangible Assets9.1B9.6B10.4B10.6B12.2B6.9B
Other Assets467.2M591.4M1.1B86.6M1.00.95
Long Term Debt190K1.1B2.1B3.6B4.4B4.7B
Short Long Term Debt2.6B3.5B3.6B3.4B4.0B2.6B
Property Plant Equipment6.5B7.9B8.7B11.5B13.2B13.8B
Other Liab377.6M510.3M517.0M600.1M690.1M389.6M
Long Term Debt Total5.7M1.1B2.1B3.6B4.2B4.4B
Capital Surpluse2.8B2.4B2.4B2.4B2.8B2.1B
Net Invested Capital11.1B14.3B16.3B17.8B19.2B15.1B
Net Working Capital2.6B2.6B3.3B2.3B1.2B1.8B

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Other Information on Investing in Bodal Stock

Balance Sheet is a snapshot of the financial position of Bodal Chemicals at a specified time, usually calculated after every quarter, six months, or one year. Bodal Chemicals Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Bodal 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 Bodal currently owns. An asset can also be divided into two categories, current and non-current.