Gujarat Total Current Assets vs Net Tangible Assets Analysis

GLFL Stock   8.56  0.19  2.27%   
Gujarat Lease financial indicator trend analysis is much more than just examining Gujarat Lease Financing latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Gujarat Lease Financing is a good investment. Please check the relationship between Gujarat Lease Total Current Assets and its Net Tangible Assets accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Gujarat Lease Financing. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Total Current Assets vs Net Tangible Assets

Total Current Assets vs Net Tangible Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Gujarat Lease Financing Total Current Assets account and Net Tangible Assets. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Gujarat Lease's Total Current Assets and Net Tangible Assets is 0.45. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Net Tangible Assets in the same time period over historical financial statements of Gujarat Lease Financing, assuming nothing else is changed. The correlation between historical values of Gujarat Lease's Total Current Assets and Net Tangible 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 Total Current Assets of Gujarat Lease Financing are associated (or correlated) with its Net Tangible Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Tangible Assets has no effect on the direction of Total Current Assets i.e., Gujarat Lease's Total Current Assets and Net Tangible Assets go up and down completely randomly.

Correlation Coefficient

0.45
Relationship DirectionPositive 
Relationship StrengthWeak

Total Current Assets

The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.

Net Tangible Assets

The total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company.
Most indicators from Gujarat Lease's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Gujarat Lease Financing 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Gujarat Lease Financing. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Selling General Administrative is likely to drop to about 1.1 M in 2024
 2021 2022 2023 2024 (projected)
Research Development0.280.640.180.17
Interest Income2.9M2.9M3.3M3.5M

Gujarat Lease fundamental ratios Correlations

0.26-0.53-0.38-0.420.46-0.45-0.330.26-0.16-0.190.66-0.530.25-0.13-0.410.66-0.490.50.0-0.370.79-0.430.410.070.79
0.26-0.43-0.75-0.860.85-0.61-0.370.570.050.730.26-0.44-0.080.27-0.750.24-0.01-0.09-0.54-0.720.23-0.80.760.660.25
-0.53-0.430.680.78-0.820.730.89-0.53-0.180.08-0.681.00.19-0.530.91-0.660.23-0.070.350.41-0.590.74-0.76-0.19-0.6
-0.38-0.750.680.88-0.870.630.56-0.51-0.01-0.44-0.380.69-0.03-0.290.84-0.370.22-0.010.60.44-0.380.77-0.77-0.5-0.39
-0.42-0.860.780.88-0.990.80.66-0.64-0.06-0.49-0.470.780.19-0.40.96-0.450.25-0.010.550.71-0.440.92-0.91-0.58-0.45
0.460.85-0.82-0.87-0.99-0.8-0.710.640.090.420.54-0.82-0.160.45-0.960.52-0.280.02-0.54-0.710.49-0.910.910.540.51
-0.45-0.610.730.630.8-0.80.59-0.370.02-0.29-0.430.720.44-0.390.8-0.410.25-0.030.020.36-0.430.9-0.88-0.47-0.46
-0.33-0.370.890.560.66-0.710.59-0.46-0.60.18-0.710.890.18-0.690.8-0.70.18-0.030.350.34-0.360.6-0.66-0.09-0.39
0.260.57-0.53-0.51-0.640.64-0.37-0.460.080.320.27-0.54-0.310.33-0.650.250.01-0.06-0.62-0.690.23-0.550.540.330.24
-0.160.05-0.18-0.01-0.060.090.02-0.60.08-0.270.37-0.18-0.040.51-0.140.370.13-0.03-0.14-0.01-0.23-0.020.07-0.16-0.18
-0.190.730.08-0.44-0.490.42-0.290.180.32-0.27-0.450.08-0.21-0.09-0.31-0.470.17-0.35-0.37-0.45-0.32-0.450.390.7-0.06
0.660.26-0.68-0.38-0.470.54-0.43-0.710.270.37-0.45-0.680.190.47-0.521.0-0.490.44-0.18-0.370.82-0.420.47-0.090.53
-0.53-0.441.00.690.78-0.820.720.89-0.54-0.180.08-0.680.18-0.530.91-0.670.23-0.070.370.42-0.580.74-0.76-0.18-0.59
0.25-0.080.19-0.030.19-0.160.440.18-0.31-0.04-0.210.190.18-0.220.230.22-0.190.39-0.190.050.240.27-0.26-0.320.12
-0.130.27-0.53-0.29-0.40.45-0.39-0.690.330.51-0.090.47-0.53-0.22-0.50.46-0.07-0.1-0.24-0.130.17-0.350.44-0.120.17
-0.41-0.750.910.840.96-0.960.80.8-0.65-0.14-0.31-0.520.910.23-0.5-0.50.130.030.520.6-0.440.9-0.89-0.45-0.46
0.660.24-0.66-0.37-0.450.52-0.41-0.70.250.37-0.471.0-0.670.220.46-0.5-0.490.45-0.17-0.350.82-0.40.45-0.110.53
-0.49-0.010.230.220.25-0.280.250.180.010.130.17-0.490.23-0.19-0.070.13-0.49-0.390.020.29-0.590.13-0.24-0.07-0.59
0.5-0.09-0.07-0.01-0.010.02-0.03-0.03-0.06-0.03-0.350.44-0.070.39-0.10.030.45-0.390.13-0.150.48-0.010.0-0.560.3
0.0-0.540.350.60.55-0.540.020.35-0.62-0.14-0.37-0.180.37-0.19-0.240.52-0.170.020.130.63-0.10.41-0.39-0.31-0.1
-0.37-0.720.410.440.71-0.710.360.34-0.69-0.01-0.45-0.370.420.05-0.130.6-0.350.29-0.150.63-0.380.59-0.58-0.46-0.38
0.790.23-0.59-0.38-0.440.49-0.43-0.360.23-0.23-0.320.82-0.580.240.17-0.440.82-0.590.48-0.1-0.38-0.40.43-0.010.66
-0.43-0.80.740.770.92-0.910.90.6-0.55-0.02-0.45-0.420.740.27-0.350.9-0.40.13-0.010.410.59-0.4-0.93-0.55-0.42
0.410.76-0.76-0.77-0.910.91-0.88-0.660.540.070.390.47-0.76-0.260.44-0.890.45-0.240.0-0.39-0.580.43-0.930.540.44
0.070.66-0.19-0.5-0.580.54-0.47-0.090.33-0.160.7-0.09-0.18-0.32-0.12-0.45-0.11-0.07-0.56-0.31-0.46-0.01-0.550.540.03
0.790.25-0.6-0.39-0.450.51-0.46-0.390.24-0.18-0.060.53-0.590.120.17-0.460.53-0.590.3-0.1-0.380.66-0.420.440.03
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Gujarat Lease Account Relationship Matchups

Gujarat Lease fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets36.5M59.9M59.4M61.4M62.8M40.5M
Other Current Liab2.9M3.1M3.3M3.4M3.7M3.6M
Total Current Liabilities3.5M3.4M3.6M3.7M4.0M3.8M
Total Stockholder Equity(67.0M)(43.5M)(44.2M)(42.4M)(41.2M)(43.3M)
Property Plant And Equipment Net699K492K213K127K121K115.0K
Net Debt98.8M41.5M97.0M92.3M97.3M101.1M
Retained Earnings(1.6B)(1.6B)(1.6B)(1.6B)(1.6B)(1.7B)
Cash1.2M58.5M3.0M7.7M2.7M2.5M
Non Current Assets Total35.0M1.1M5.3M53.2M1.3M1.2M
Cash And Short Term Investments1.2M58.5M53.5M7.7M60.6M63.6M
Liabilities And Stockholders Equity36.5M59.9M59.4M61.4M62.8M40.5M
Other Stockholder Equity1.0B1.0B2.3B2.3B2.3B1.5B
Total Liab103.5M103.4M103.6M103.7M104.0M146.0M
Total Current Assets1.5M58.8M54.0M8.2M61.5M64.6M
Accumulated Other Comprehensive Income(482K)(724K)(970K)587.2M236.2M155.5M
Non Currrent Assets Other(35.0M)(1.1M)(5.3M)(53.2M)57.9M60.8M
Net Receivables33K4K1K7K99K102.4K
Inventory(33K)(4K)356K447K1.00.95
Net Tangible Assets(62.2M)(67.0M)(43.5M)(44.2M)(50.8M)(53.4M)
Accounts Payable664K291K258K309K248K378.7K
Other Assets15K7K3K52.9M60.8M63.9M
Property Plant Equipment699K492K213K127K114.3K108.6K
Cash And Equivalents1.2M58.5M3.0M7.7M8.9M11.5M
Net Invested Capital33.0M56.5M55.8M57.6M58.8M48.8M
Net Working Capital(2.0M)55.5M50.5M4.5M57.5M60.4M

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