BRITANNIA | | | 4,787 5.75 0.12% |
Britannia Industries financial indicator trend analysis is way more than just evaluating Britannia Industries prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Britannia Industries is a good investment. Please check the relationship between Britannia Industries Common Stock and its Non Current Liabilities Total accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Britannia Industries 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 nation.
Common Stock vs Non Current Liabilities Total
Common Stock vs Non Current Liabilities Total Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Britannia Industries Common Stock account and
Non Current Liabilities Total. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Britannia Industries' Common Stock and Non Current Liabilities Total is 0.46. Overlapping area represents the amount of variation of Common Stock that can explain the historical movement of Non Current Liabilities Total in the same time period over historical financial statements of Britannia Industries Limited, assuming nothing else is changed. The correlation between historical values of Britannia Industries' Common Stock and Non Current Liabilities Total 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 Britannia Industries Limited are associated (or correlated) with its Non Current Liabilities Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Liabilities Total has no effect on the direction of Common Stock i.e., Britannia Industries' Common Stock and Non Current Liabilities Total go up and down completely randomly.
Correlation Coefficient | 0.46 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Common Stock
Non Current Liabilities Total
Most indicators from Britannia Industries' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Britannia Industries 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 Britannia Industries 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 nation.
As of the 11th of December 2024,
Selling General Administrative is likely to drop to about 217.6
M. In addition to that,
Tax Provision is likely to drop to about 6.3
BBritannia Industries fundamental ratios Correlations
Click cells to compare fundamentals
Britannia Industries Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Britannia Industries fundamental ratios Accounts
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Other Information on Investing in Britannia Stock
Balance Sheet is a snapshot of the
financial position of Britannia Industries at a specified time, usually calculated after every quarter, six months, or one year. Britannia Industries Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Britannia Industries 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 Britannia currently owns. An asset can also be divided into two categories, current and non-current.