Electrosteel Net Debt vs Cash Analysis

ELECTCAST   168.10  2.96  1.79%   
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 Debt and its Cash 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 Debt vs Cash

Net Debt vs Cash Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Electrosteel Castings Net Debt account and Cash. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Electrosteel Castings' Net Debt and Cash is 0.51. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Cash 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 Debt and Cash 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 Debt of Electrosteel Castings Limited are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Net Debt i.e., Electrosteel Castings' Net Debt and Cash go up and down completely randomly.

Correlation Coefficient

0.51
Relationship DirectionPositive 
Relationship StrengthWeak

Net Debt

The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.

Cash

Cash refers to the most liquid asset of Electrosteel Castings, which is listed under current asset account on Electrosteel Castings Limited balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Electrosteel Castings customers. The amounts must be unrestricted with restricted cash listed in a different Electrosteel Castings account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.
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 Profit19.9B32.9B36.4B38.2B
Total Revenue52.6B72.8B74.8B78.5B

Electrosteel Castings fundamental ratios Correlations

0.790.240.960.790.920.790.690.870.480.91-0.180.750.7-0.250.970.460.750.590.040.950.930.850.560.950.38
0.790.060.810.540.710.990.460.640.630.78-0.340.660.680.260.720.670.50.290.250.90.690.780.350.710.25
0.240.060.370.14-0.020.040.140.40.160.010.640.44-0.140.160.28-0.180.30.740.340.250.40.150.220.25-0.36
0.960.810.370.720.80.820.640.920.410.79-0.040.770.67-0.130.960.350.750.650.090.950.960.850.440.940.3
0.790.540.140.720.70.530.950.680.370.67-0.030.550.59-0.380.830.290.930.51-0.110.690.780.910.360.880.31
0.920.71-0.020.80.70.710.620.730.360.94-0.490.580.68-0.40.860.550.60.41-0.060.850.780.740.660.850.49
0.790.990.040.820.530.710.450.670.510.77-0.370.610.720.240.740.640.50.260.170.90.690.780.320.720.26
0.690.460.140.640.950.620.450.650.280.530.00.430.55-0.40.760.20.930.47-0.140.60.720.850.290.810.25
0.870.640.40.920.680.730.670.650.190.680.060.690.53-0.30.90.230.780.66-0.050.850.910.760.460.890.36
0.480.630.160.410.370.360.510.280.190.48-0.060.690.190.290.330.580.270.340.60.540.40.430.350.320.08
0.910.780.010.790.670.940.770.530.680.48-0.410.560.72-0.170.820.70.50.32-0.010.90.70.70.560.810.43
-0.18-0.340.64-0.04-0.03-0.49-0.370.00.06-0.06-0.410.05-0.240.16-0.1-0.560.120.30.13-0.210.04-0.11-0.26-0.09-0.38
0.750.660.440.770.550.580.610.430.690.690.560.050.2-0.090.690.330.630.770.480.750.810.670.580.660.29
0.70.68-0.140.670.590.680.720.550.530.190.72-0.240.20.050.690.340.47-0.05-0.120.670.580.660.110.70.12
-0.250.260.16-0.13-0.38-0.40.24-0.4-0.30.29-0.170.16-0.090.05-0.330.19-0.39-0.320.47-0.04-0.29-0.16-0.32-0.34-0.52
0.970.720.280.960.830.860.740.760.90.330.82-0.10.690.69-0.330.30.830.64-0.10.90.960.880.430.990.32
0.460.67-0.180.350.290.550.640.20.230.580.7-0.560.330.340.190.30.080.010.240.620.190.360.390.30.44
0.750.50.30.750.930.60.50.930.780.270.50.120.630.47-0.390.830.080.65-0.070.660.850.910.350.870.25
0.590.290.740.650.510.410.260.470.660.340.320.30.77-0.05-0.320.640.010.650.230.550.740.510.490.610.18
0.040.250.340.09-0.11-0.060.17-0.14-0.050.6-0.010.130.48-0.120.47-0.10.24-0.070.230.150.080.030.32-0.14-0.02
0.950.90.250.950.690.850.90.60.850.540.9-0.210.750.67-0.040.90.620.660.550.150.860.830.490.880.4
0.930.690.40.960.780.780.690.720.910.40.70.040.810.58-0.290.960.190.850.740.080.860.850.470.940.29
0.850.780.150.850.910.740.780.850.760.430.7-0.110.670.66-0.160.880.360.910.510.030.830.850.390.910.31
0.560.350.220.440.360.660.320.290.460.350.56-0.260.580.11-0.320.430.390.350.490.320.490.470.390.420.36
0.950.710.250.940.880.850.720.810.890.320.81-0.090.660.7-0.340.990.30.870.61-0.140.880.940.910.420.32
0.380.25-0.360.30.310.490.260.250.360.080.43-0.380.290.12-0.520.320.440.250.18-0.020.40.290.310.360.32
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Electrosteel Castings Account Relationship Matchups

Electrosteel Castings fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets55.9B71.8B86.2B85.2B91.1B53.8B
Short Long Term Debt Total17.4B21.4B29.7B26.7B23.3B19.0B
Other Current Liab8.0M2.3B1.8B2.9B2.7B1.3B
Total Current Liabilities16.2B20.7B31.3B29.4B29.0B15.2B
Total Stockholder Equity28.8B28.7B41.0B43.8B51.1B53.7B
Property Plant And Equipment Net28.6B39.9B39.6B40.3B41.5B23.0B
Net Debt16.8B19.2B27.5B24.4B20.5B17.0B
Retained Earnings9.2B7.6B17.7B20.4B26.9B28.3B
Accounts Payable3.9B4.5B6.3B5.9B5.5B3.4B
Cash594.6M2.1B2.1B2.3B2.8B2.1B
Non Current Assets Total36.9B41.5B41.3B42.0B45.3B30.3B
Non Currrent Assets Other841K622K422K275.6M3.2B1.9B
Cash And Short Term Investments613.4M6.1B7.2B7.2B5.0B3.4B
Net Receivables9.4B7.7B9.4B10.6B13.7B8.2B
Common Stock Shares Outstanding386.7M418.5M433.0M594.6M601.5M405.2M
Liabilities And Stockholders Equity55.9B71.8B86.2B85.2B91.1B53.8B
Non Current Liabilities Total10.9B13.5B13.9B11.9B10.9B13.0B
Inventory9.0B12.3B22.4B22.7B23.6B24.8B
Other Current Assets59.0M3.5B5.1B4.4B3.5B2.3B
Other Stockholder Equity(17.9B)(19.7B)25.6B10.8B11.8B10.1B
Total Liab27.1B34.1B45.2B41.3B39.9B28.2B
Total Current Assets19.0B30.3B44.9B43.1B45.8B23.5B
Accumulated Other Comprehensive Income(2.8B)11.5B11.9B12.1B11.8B12.4B
Short Term Debt10.2B13.0B20.6B19.0B18.6B19.5B
Intangible Assets19.3M137.1M40.9M56.7M47.4M37.8M
Current Deferred Revenue2.2B3.0B4.4B1.5B2.1B2.6B
Short Term Investments18.9M4.0B5.0B4.9B2.2B2.0B
Other Liab4.7B3.8B5.1B4.8B5.6B4.2B
Net Tangible Assets26.3B28.8B28.5B41.0B47.1B29.4B
Other Assets441.1M651.6M666.2M565.0M508.5M507.5M
Long Term Debt7.0B8.0B8.8B7.4B4.2B7.5B
Short Long Term Debt10.2B11.3B20.5B18.9B18.5B13.5B
Property Plant Equipment28.6B39.9B39.6B40.3B46.3B34.5B
Long Term Debt Total7.2B8.4B9.1B7.7B6.9B7.2B
Capital Lease Obligations178.8M418.8M371.0M392.6M656.9M689.7M
Non Current Liabilities Other11.9M474.9M346.1M41.9M39.7M37.7M

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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.