Electrosteel Net Borrowings vs Free Cash Flow Analysis

ELECTCAST

165.14 1.10 0.66%

Electrosteel Castings financial indicator trend analysis is much more than just examining Electrosteel Castings latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Electrosteel Castings is a good investment. Please check the relationship between Electrosteel Castings Net Borrowings and its Free Cash Flow accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Electrosteel Castings 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 estimate.

Net Borrowings vs Free Cash Flow

Net Borrowings vs Free Cash Flow Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Electrosteel Castings Net Borrowings account and Free Cash Flow. At this time, the significance of the direction appears to have no relationship.

The correlation between Electrosteel Castings' Net Borrowings and Free Cash Flow is 0.02. Overlapping area represents the amount of variation of Net Borrowings that can explain the historical movement of Free Cash Flow in the same time period over historical financial statements of Electrosteel Castings Limited, assuming nothing else is changed. The correlation between historical values of Electrosteel Castings' Net Borrowings and Free Cash Flow is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Borrowings of Electrosteel Castings Limited are associated (or correlated) with its Free Cash Flow. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Free Cash Flow has no effect on the direction of Net Borrowings i.e., Electrosteel Castings' Net Borrowings and Free Cash Flow go up and down completely randomly.

Correlation Coefficient

0.02

Relationship Direction	Positive
Relationship Strength	Insignificant

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Net Borrowings

The difference between the amount of new debt a company has taken on and the amount of debt it has paid off during a given period.

Free Cash Flow

The amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.

Most indicators from Electrosteel Castings' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Electrosteel Castings 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 Electrosteel Castings 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 estimate.

The current year's Tax Provision is expected to grow to about 2.1 B, whereas Selling General Administrative is forecasted to decline to about 202.6 M.

	2021	2022	2023	2024 (projected)
Gross Profit	19.9B	32.9B	36.4B	38.2B
Total Revenue	52.6B	72.8B	74.8B	78.5B

Gross Profit Total Revenue

Electrosteel Castings 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	Net Receivables	Good Will	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Intangible Assets	Common Stock	Current Deferred Revenue
Total Assets		0.79	0.24	0.96	0.79	0.92	0.79	0.69	0.87	0.48	0.91	-0.18	0.75	0.7	-0.25	0.97	0.46	0.75	0.59	0.04	0.95	0.93	0.85	0.56	0.95	0.38
Short Long Term Debt Total	0.79		0.06	0.81	0.54	0.71	0.99	0.46	0.64	0.63	0.78	-0.34	0.66	0.68	0.26	0.72	0.67	0.5	0.29	0.25	0.9	0.69	0.78	0.35	0.71	0.25
Other Current Liab	0.24	0.06		0.37	0.14	-0.02	0.04	0.14	0.4	0.16	0.01	0.64	0.44	-0.14	0.16	0.28	-0.18	0.3	0.74	0.34	0.25	0.4	0.15	0.22	0.25	-0.36
Total Current Liabilities	0.96	0.81	0.37		0.72	0.8	0.82	0.64	0.92	0.41	0.79	-0.04	0.77	0.67	-0.13	0.96	0.35	0.75	0.65	0.09	0.95	0.96	0.85	0.44	0.94	0.3
Total Stockholder Equity	0.79	0.54	0.14	0.72		0.7	0.53	0.95	0.68	0.37	0.67	-0.03	0.55	0.59	-0.38	0.83	0.29	0.93	0.51	-0.11	0.69	0.78	0.91	0.36	0.88	0.31
Property Plant And Equipment Net	0.92	0.71	-0.02	0.8	0.7		0.71	0.62	0.73	0.36	0.94	-0.49	0.58	0.68	-0.4	0.86	0.55	0.6	0.41	-0.06	0.85	0.78	0.74	0.66	0.85	0.49
Net Debt	0.79	0.99	0.04	0.82	0.53	0.71		0.45	0.67	0.51	0.77	-0.37	0.61	0.72	0.24	0.74	0.64	0.5	0.26	0.17	0.9	0.69	0.78	0.32	0.72	0.26
Retained Earnings	0.69	0.46	0.14	0.64	0.95	0.62	0.45		0.65	0.28	0.53	0.0	0.43	0.55	-0.4	0.76	0.2	0.93	0.47	-0.14	0.6	0.72	0.85	0.29	0.81	0.25
Accounts Payable	0.87	0.64	0.4	0.92	0.68	0.73	0.67	0.65		0.19	0.68	0.06	0.69	0.53	-0.3	0.9	0.23	0.78	0.66	-0.05	0.85	0.91	0.76	0.46	0.89	0.36
Cash	0.48	0.63	0.16	0.41	0.37	0.36	0.51	0.28	0.19		0.48	-0.06	0.69	0.19	0.29	0.33	0.58	0.27	0.34	0.6	0.54	0.4	0.43	0.35	0.32	0.08
Non Current Assets Total	0.91	0.78	0.01	0.79	0.67	0.94	0.77	0.53	0.68	0.48		-0.41	0.56	0.72	-0.17	0.82	0.7	0.5	0.32	-0.01	0.9	0.7	0.7	0.56	0.81	0.43
Non Currrent Assets Other	-0.18	-0.34	0.64	-0.04	-0.03	-0.49	-0.37	0.0	0.06	-0.06	-0.41		0.05	-0.24	0.16	-0.1	-0.56	0.12	0.3	0.13	-0.21	0.04	-0.11	-0.26	-0.09	-0.38
Cash And Short Term Investments	0.75	0.66	0.44	0.77	0.55	0.58	0.61	0.43	0.69	0.69	0.56	0.05		0.2	-0.09	0.69	0.33	0.63	0.77	0.48	0.75	0.81	0.67	0.58	0.66	0.29
Net Receivables	0.7	0.68	-0.14	0.67	0.59	0.68	0.72	0.55	0.53	0.19	0.72	-0.24	0.2		0.05	0.69	0.34	0.47	-0.05	-0.12	0.67	0.58	0.66	0.11	0.7	0.12
Good Will	-0.25	0.26	0.16	-0.13	-0.38	-0.4	0.24	-0.4	-0.3	0.29	-0.17	0.16	-0.09	0.05		-0.33	0.19	-0.39	-0.32	0.47	-0.04	-0.29	-0.16	-0.32	-0.34	-0.52
Common Stock Shares Outstanding	0.97	0.72	0.28	0.96	0.83	0.86	0.74	0.76	0.9	0.33	0.82	-0.1	0.69	0.69	-0.33		0.3	0.83	0.64	-0.1	0.9	0.96	0.88	0.43	0.99	0.32
Non Current Liabilities Total	0.46	0.67	-0.18	0.35	0.29	0.55	0.64	0.2	0.23	0.58	0.7	-0.56	0.33	0.34	0.19	0.3		0.08	0.01	0.24	0.62	0.19	0.36	0.39	0.3	0.44
Inventory	0.75	0.5	0.3	0.75	0.93	0.6	0.5	0.93	0.78	0.27	0.5	0.12	0.63	0.47	-0.39	0.83	0.08		0.65	-0.07	0.66	0.85	0.91	0.35	0.87	0.25
Other Current Assets	0.59	0.29	0.74	0.65	0.51	0.41	0.26	0.47	0.66	0.34	0.32	0.3	0.77	-0.05	-0.32	0.64	0.01	0.65		0.23	0.55	0.74	0.51	0.49	0.61	0.18
Other Stockholder Equity	0.04	0.25	0.34	0.09	-0.11	-0.06	0.17	-0.14	-0.05	0.6	-0.01	0.13	0.48	-0.12	0.47	-0.1	0.24	-0.07	0.23		0.15	0.08	0.03	0.32	-0.14	-0.02
Total Liab	0.95	0.9	0.25	0.95	0.69	0.85	0.9	0.6	0.85	0.54	0.9	-0.21	0.75	0.67	-0.04	0.9	0.62	0.66	0.55	0.15		0.86	0.83	0.49	0.88	0.4
Total Current Assets	0.93	0.69	0.4	0.96	0.78	0.78	0.69	0.72	0.91	0.4	0.7	0.04	0.81	0.58	-0.29	0.96	0.19	0.85	0.74	0.08	0.86		0.85	0.47	0.94	0.29
Short Term Debt	0.85	0.78	0.15	0.85	0.91	0.74	0.78	0.85	0.76	0.43	0.7	-0.11	0.67	0.66	-0.16	0.88	0.36	0.91	0.51	0.03	0.83	0.85		0.39	0.91	0.31
Intangible Assets	0.56	0.35	0.22	0.44	0.36	0.66	0.32	0.29	0.46	0.35	0.56	-0.26	0.58	0.11	-0.32	0.43	0.39	0.35	0.49	0.32	0.49	0.47	0.39		0.42	0.36
Common Stock	0.95	0.71	0.25	0.94	0.88	0.85	0.72	0.81	0.89	0.32	0.81	-0.09	0.66	0.7	-0.34	0.99	0.3	0.87	0.61	-0.14	0.88	0.94	0.91	0.42		0.32
Current Deferred Revenue	0.38	0.25	-0.36	0.3	0.31	0.49	0.26	0.25	0.36	0.08	0.43	-0.38	0.29	0.12	-0.52	0.32	0.44	0.25	0.18	-0.02	0.4	0.29	0.31	0.36	0.32

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Electrosteel Castings Account Relationship Matchups

Electrosteel Castings fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	55.9B	71.8B	86.2B	85.2B	91.1B	53.8B
Short Long Term Debt Total	17.4B	21.4B	29.7B	26.7B	23.3B	19.0B
Other Current Liab	8.0M	2.3B	1.8B	2.9B	2.7B	1.3B
Total Current Liabilities	16.2B	20.7B	31.3B	29.4B	29.0B	15.2B
Total Stockholder Equity	28.8B	28.7B	41.0B	43.8B	51.1B	53.7B
Property Plant And Equipment Net	28.6B	39.9B	39.6B	40.3B	41.5B	23.0B
Net Debt	16.8B	19.2B	27.5B	24.4B	20.5B	17.0B
Retained Earnings	9.2B	7.6B	17.7B	20.4B	26.9B	28.3B
Accounts Payable	3.9B	4.5B	6.3B	5.9B	5.5B	3.4B
Cash	594.6M	2.1B	2.1B	2.3B	2.8B	2.1B
Non Current Assets Total	36.9B	41.5B	41.3B	42.0B	45.3B	30.3B
Non Currrent Assets Other	841K	622K	422K	275.6M	3.2B	1.9B
Cash And Short Term Investments	613.4M	6.1B	7.2B	7.2B	5.0B	3.4B
Net Receivables	9.4B	7.7B	9.4B	10.6B	13.7B	8.2B
Common Stock Shares Outstanding	386.7M	418.5M	433.0M	594.6M	601.5M	405.2M
Liabilities And Stockholders Equity	55.9B	71.8B	86.2B	85.2B	91.1B	53.8B
Non Current Liabilities Total	10.9B	13.5B	13.9B	11.9B	10.9B	13.0B
Inventory	9.0B	12.3B	22.4B	22.7B	23.6B	24.8B
Other Current Assets	59.0M	3.5B	5.1B	4.4B	3.5B	2.3B
Other Stockholder Equity	(17.9B)	(19.7B)	25.6B	10.8B	11.8B	10.1B
Total Liab	27.1B	34.1B	45.2B	41.3B	39.9B	28.2B
Total Current Assets	19.0B	30.3B	44.9B	43.1B	45.8B	23.5B
Accumulated Other Comprehensive Income	(2.8B)	11.5B	11.9B	12.1B	11.8B	12.4B
Short Term Debt	10.2B	13.0B	20.6B	19.0B	18.6B	19.5B
Intangible Assets	19.3M	137.1M	40.9M	56.7M	47.4M	37.8M
Current Deferred Revenue	2.2B	3.0B	4.4B	1.5B	2.1B	2.6B
Short Term Investments	18.9M	4.0B	5.0B	4.9B	2.2B	2.0B
Other Liab	4.7B	3.8B	5.1B	4.8B	5.6B	4.2B
Net Tangible Assets	26.3B	28.8B	28.5B	41.0B	47.1B	29.4B
Other Assets	441.1M	651.6M	666.2M	565.0M	508.5M	507.5M
Long Term Debt	7.0B	8.0B	8.8B	7.4B	4.2B	7.5B
Short Long Term Debt	10.2B	11.3B	20.5B	18.9B	18.5B	13.5B
Property Plant Equipment	28.6B	39.9B	39.6B	40.3B	46.3B	34.5B
Long Term Debt Total	7.2B	8.4B	9.1B	7.7B	6.9B	7.2B
Capital Lease Obligations	178.8M	418.8M	371.0M	392.6M	656.9M	689.7M
Non Current Liabilities Other	11.9M	474.9M	346.1M	41.9M	39.7M	37.7M

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Other Information on Investing in Electrosteel Stock

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

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Electrosteel Net Borrowings vs Free Cash Flow Analysis

Net Borrowings vs Free Cash Flow

Net Borrowings vs Free Cash Flow Correlation Analysis

Correlation Coefficient

Net Borrowings

Free Cash Flow

Electrosteel Castings fundamental ratios Correlations

Electrosteel Castings Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Electrosteel Castings fundamental ratios Accounts

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Other Information on Investing in Electrosteel Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Net Debt	+ 0.99	Short Long Term Debt Total
Common Stock	+ 0.99	Common Stock Shares Outstanding
Common Stock Shares Outstanding	+ 0.97	Total Assets
Total Current Liabilities	+ 0.96	Total Assets
Common Stock Shares Outstanding	+ 0.96	Total Current Liabilities
Total Current Assets	+ 0.96	Total Current Liabilities

Non Current Liabilities Total	- 0.56	Non Currrent Assets Other
Current Deferred Revenue	- 0.52	Good Will
Non Currrent Assets Other	- 0.49	Property Plant And Equipment Net
Non Currrent Assets Other	- 0.41	Non Current Assets Total
Good Will	- 0.4	Retained Earnings
Good Will	- 0.4	Property Plant And Equipment Net