Eastern Non Current Assets Total vs Other Liab Analysis

EASTSILK   1.80  0.00  0.00%   
Eastern Silk financial indicator trend analysis is much more than just examining Eastern Silk Industries latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Eastern Silk Industries is a good investment. Please check the relationship between Eastern Silk Non Current Assets Total and its Other Liab accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Eastern Silk 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 state.

Non Current Assets Total vs Other Liab

Non Current Assets Total vs Other Liab Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Eastern Silk Industries Non Current Assets Total account and Other Liab. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Eastern Silk's Non Current Assets Total and Other Liab is -0.53. Overlapping area represents the amount of variation of Non Current Assets Total that can explain the historical movement of Other Liab in the same time period over historical financial statements of Eastern Silk Industries, assuming nothing else is changed. The correlation between historical values of Eastern Silk's Non Current Assets Total and Other Liab 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 Eastern Silk Industries are associated (or correlated) with its Other Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Liab has no effect on the direction of Non Current Assets Total i.e., Eastern Silk's Non Current Assets Total and Other Liab go up and down completely randomly.

Correlation Coefficient

-0.53
Relationship DirectionNegative 
Relationship StrengthVery Weak

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.

Other Liab

Most indicators from Eastern Silk's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Eastern Silk 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Eastern Silk 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 state.
Tax Provision is expected to rise to about 4.6 M this year, although the value of Selling General Administrative will most likely fall to about 18.7 M.
 2023 2024 (projected)
Interest Expense378K359.1K
Depreciation And Amortization29.7M28.2M

Eastern Silk fundamental ratios Correlations

-0.460.18-0.870.01-0.75-0.530.2-0.78-0.13-0.39-0.16-0.11-0.240.02-0.77-0.78-0.370.03-0.470.5-0.3-0.980.190.150.25
-0.460.720.19-0.480.680.980.710.760.580.980.30.560.960.80.87-0.040.460.771.0-0.670.830.47-0.48-0.09-0.57
0.180.72-0.29-0.42-0.010.61.00.10.670.690.220.690.840.960.31-0.450.250.980.71-0.40.75-0.16-0.40.1-0.47
-0.870.19-0.290.390.410.26-0.290.48-0.070.10.04-0.09-0.03-0.210.530.920.5-0.10.2-0.140.110.880.14-0.29-0.08
0.01-0.48-0.420.39-0.35-0.43-0.39-0.25-0.73-0.53-0.5-0.71-0.51-0.61-0.30.460.37-0.35-0.480.52-0.650.040.84-0.630.49
-0.750.68-0.010.41-0.350.77-0.020.980.130.70.250.10.510.160.880.260.270.050.68-0.590.370.74-0.34-0.18-0.36
-0.530.980.60.26-0.430.770.590.840.50.970.270.480.90.70.930.040.520.660.98-0.630.770.54-0.43-0.15-0.52
0.20.711.0-0.29-0.39-0.020.590.10.630.680.20.650.840.950.3-0.460.260.980.7-0.370.73-0.17-0.360.06-0.46
-0.780.760.10.48-0.250.980.840.10.120.760.220.10.610.240.930.310.420.190.76-0.580.430.78-0.29-0.29-0.37
-0.130.580.67-0.07-0.730.130.50.630.120.550.390.970.580.80.39-0.150.00.670.59-0.610.810.08-0.660.52-0.51
-0.390.980.690.1-0.530.70.970.680.760.550.290.530.940.780.85-0.10.410.720.97-0.630.810.4-0.47-0.07-0.53
-0.160.30.220.04-0.50.250.270.20.220.390.290.460.30.330.26-0.22-0.330.20.31-0.280.390.13-0.60.48-0.87
-0.110.560.69-0.09-0.710.10.480.650.10.970.530.460.590.80.35-0.19-0.010.680.57-0.60.790.05-0.740.62-0.59
-0.240.960.84-0.03-0.510.510.90.840.610.580.940.30.590.890.71-0.240.340.860.96-0.630.820.27-0.49-0.04-0.58
0.020.80.96-0.21-0.610.160.70.950.240.80.780.330.80.890.45-0.380.20.950.8-0.510.88-0.01-0.570.23-0.55
-0.770.870.310.53-0.30.880.930.30.930.390.850.260.350.710.450.330.550.420.87-0.620.650.77-0.34-0.21-0.45
-0.78-0.04-0.450.920.460.260.04-0.460.31-0.15-0.1-0.22-0.19-0.24-0.380.330.38-0.28-0.03-0.07-0.080.770.25-0.260.21
-0.370.460.250.50.370.270.520.260.420.00.41-0.33-0.010.340.20.550.380.380.440.00.310.430.22-0.550.15
0.030.770.98-0.1-0.350.050.660.980.190.670.720.20.680.860.950.42-0.280.380.77-0.40.80.0-0.350.03-0.47
-0.471.00.710.2-0.480.680.980.70.760.590.970.310.570.960.80.87-0.030.440.77-0.690.830.49-0.49-0.08-0.58
0.5-0.67-0.4-0.140.52-0.59-0.63-0.37-0.58-0.61-0.63-0.28-0.6-0.63-0.51-0.62-0.070.0-0.4-0.69-0.46-0.440.5-0.150.5
-0.30.830.750.11-0.650.370.770.730.430.810.810.390.790.820.880.65-0.080.310.80.83-0.460.31-0.650.26-0.53
-0.980.47-0.160.880.040.740.54-0.170.780.080.40.130.050.27-0.010.770.770.430.00.49-0.440.31-0.12-0.27-0.2
0.19-0.48-0.40.140.84-0.34-0.43-0.36-0.29-0.66-0.47-0.6-0.74-0.49-0.57-0.340.250.22-0.35-0.490.5-0.65-0.12-0.710.59
0.15-0.090.1-0.29-0.63-0.18-0.150.06-0.290.52-0.070.480.62-0.040.23-0.21-0.26-0.550.03-0.08-0.150.26-0.27-0.71-0.41
0.25-0.57-0.47-0.080.49-0.36-0.52-0.46-0.37-0.51-0.53-0.87-0.59-0.58-0.55-0.450.210.15-0.47-0.580.5-0.53-0.20.59-0.41
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Eastern Silk Account Relationship Matchups

Eastern Silk fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets1.7B1.7B1.6B1.5B1.4B1.3B
Short Long Term Debt Total1.5B1.5B1.5B1.5B581.5M552.4M
Other Current Liab279.6M382.4M384.5M388.8M57.5M54.6M
Total Current Liabilities1.8B1.8B1.8B1.8B639.7M607.7M
Total Stockholder Equity(232.6M)(222.7M)(288.7M)(432.1M)626.5M645.5M
Property Plant And Equipment Net502.7M461.7M432.6M404.4M376.7M357.9M
Net Debt1.4B1.5B1.5B1.4B428.9M407.5M
Retained Earnings(2.0B)(2.0B)(2.1B)(2.2B)(2.0B)(1.9B)
Cash33.0M36.6M37.1M32.0M152.6M131.8M
Non Current Assets Total970.7M927.5M901.0M872.6M844.4M1.1B
Non Currrent Assets Other(502.9M)8.0M10.6M10.5M9.8M10.3M
Cash And Short Term Investments33.5M37.1M76.9M140.0M152.6M141.0M
Net Receivables220.3M247.8M235.7M151.9M13.3M12.6M
Liabilities And Stockholders Equity1.7B1.7B1.6B1.5B1.4B1.3B
Non Current Liabilities Total148.0M143.7M141.6M142.4M84.2M80.0M
Inventory374.6M405.6M357.8M290.0M307.4M292.0M
Other Current Assets92.4M66.9M74.5M66.8M32.8M53.0M
Other Stockholder Equity1.9B1.9B1.1B1.6B468.6M445.1M
Total Liab2.0B2.0B1.9B2.0B723.9M687.7M
Total Current Assets757.1M805.2M744.9M648.7M506.1M480.8M
Accumulated Other Comprehensive Income(319.6M)463.0M465.7M466.6M468.6M492.0M
Short Term Debt1.2B1.4B1.4B1.3B581.5M925.1M
Accounts Payable54.0M71.2M44.5M17.5M693K658.4K
Current Deferred Revenue147.2M150.1M160.0M23.3M26.9M25.5M
Short Term Investments467K483K39.8M108.0M108.9M114.3M
Other Liab8M3.7M2.6M2.4M2.8M4.1M
Net Tangible Assets(232.6M)(222.7M)(288.7M)(432.1M)(497.0M)(521.8M)
Other Assets(2K)465.3M1K467.8M421.0M299.0M
Short Long Term Debt1.3B1.4B1.4B1.3B581.5M552.4M
Property Plant Equipment502.7M461.7M432.6M404.4M363.9M523.8M
Cash And Equivalents33.0M36.6M37.1M32.0M28.8M30.3M
Net Invested Capital1.2B1.3B1.2B1.0B1.2B981.7M
Net Working Capital(1.1B)(1.0B)(1.0B)(1.2B)(133.6M)(140.3M)

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Other Information on Investing in Eastern Stock

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