Hindcon Gross Profit vs Interest Income Analysis

HINDCON Stock   50.61  1.13  2.18%   
Hindcon Chemicals financial indicator trend analysis is much more than just examining Hindcon Chemicals latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Hindcon Chemicals is a good investment. Please check the relationship between Hindcon Chemicals Gross Profit and its Interest Income accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Hindcon Chemicals 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 main economic indicators.

Gross Profit vs Interest Income

Gross Profit vs Interest Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Hindcon Chemicals Gross Profit account and Interest Income. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Hindcon Chemicals' Gross Profit and Interest Income is -0.36. Overlapping area represents the amount of variation of Gross Profit that can explain the historical movement of Interest Income in the same time period over historical financial statements of Hindcon Chemicals Limited, assuming nothing else is changed. The correlation between historical values of Hindcon Chemicals' Gross Profit and Interest Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Gross Profit of Hindcon Chemicals Limited are associated (or correlated) with its Interest Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Interest Income has no effect on the direction of Gross Profit i.e., Hindcon Chemicals' Gross Profit and Interest Income go up and down completely randomly.

Correlation Coefficient

-0.36
Relationship DirectionNegative 
Relationship StrengthInsignificant

Gross Profit

Gross profit is a required income statement account that reflects total revenue of Hindcon Chemicals Limited minus its cost of goods sold. It is profit before Hindcon Chemicals operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.

Interest Income

Income earned from the investment of cash or from lending money to others, including interest from bank accounts, bonds, or other interest-bearing investments.
Most indicators from Hindcon Chemicals' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Hindcon Chemicals 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 Hindcon Chemicals 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 main economic indicators.
As of the 11th of December 2024, Selling General Administrative is likely to grow to about 52.5 M, while Tax Provision is likely to drop about 16.7 M.
 2021 2022 2023 2024 (projected)
Interest Expense224K503K756K718.2K
Depreciation And Amortization2.5M2.9M3.5M2.3M

Hindcon Chemicals fundamental ratios Correlations

-0.79-0.62-0.180.990.60.17-0.860.910.780.770.74-0.050.850.740.870.870.630.6-0.16-0.56-0.140.98-0.790.90.83
-0.790.640.64-0.85-0.44-0.170.87-0.78-0.59-0.64-0.680.04-0.66-0.56-0.61-0.55-0.52-0.68-0.260.470.62-0.770.98-0.92-0.82
-0.620.640.38-0.66-0.19-0.150.58-0.53-0.46-0.45-0.4-0.03-0.47-0.54-0.45-0.45-0.35-0.78-0.330.280.37-0.640.59-0.79-0.68
-0.180.640.38-0.32-0.20.270.52-0.290.18-0.35-0.410.18-0.230.21-0.080.08-0.31-0.16-0.510.151.0-0.10.65-0.5-0.49
0.99-0.85-0.66-0.320.580.13-0.890.90.720.770.75-0.070.830.670.840.820.650.61-0.06-0.54-0.290.96-0.850.940.87
0.6-0.44-0.19-0.20.58-0.25-0.670.830.380.720.93-0.010.810.320.510.50.460.11-0.16-0.42-0.180.53-0.530.410.55
0.17-0.17-0.150.270.13-0.250.14-0.010.31-0.34-0.150.6-0.210.59-0.07-0.04-0.430.470.010.140.250.23-0.040.20.07
-0.860.870.580.52-0.89-0.670.14-0.91-0.56-0.93-0.840.22-0.92-0.46-0.74-0.75-0.71-0.5-0.010.50.49-0.830.92-0.87-0.88
0.91-0.78-0.53-0.290.90.83-0.01-0.910.680.860.92-0.080.940.650.780.780.610.51-0.17-0.63-0.260.88-0.820.790.79
0.78-0.59-0.460.180.720.380.31-0.560.680.450.42-0.040.60.860.760.740.530.7-0.12-0.540.210.84-0.560.60.47
0.77-0.64-0.45-0.350.770.72-0.34-0.930.860.450.81-0.330.970.310.70.780.730.31-0.17-0.44-0.320.73-0.720.70.78
0.74-0.68-0.4-0.410.750.93-0.15-0.840.920.420.81-0.030.860.420.60.580.480.26-0.08-0.49-0.390.66-0.750.660.72
-0.050.04-0.030.18-0.07-0.010.60.22-0.08-0.04-0.33-0.03-0.20.32-0.48-0.11-0.670.270.340.340.15-0.050.1-0.030.16
0.85-0.66-0.47-0.230.830.81-0.21-0.920.940.60.970.86-0.20.50.760.830.690.41-0.23-0.51-0.20.83-0.730.710.78
0.74-0.56-0.540.210.670.320.59-0.460.650.860.310.420.320.50.570.680.120.8-0.15-0.450.220.81-0.510.620.48
0.87-0.61-0.45-0.080.840.51-0.07-0.740.780.760.70.6-0.480.760.570.810.80.39-0.39-0.68-0.030.86-0.640.70.51
0.87-0.55-0.450.080.820.5-0.04-0.750.780.740.780.58-0.110.830.680.810.560.51-0.32-0.530.110.88-0.60.680.68
0.63-0.52-0.35-0.310.650.46-0.43-0.710.610.530.730.48-0.670.690.120.80.560.2-0.09-0.5-0.260.61-0.570.560.49
0.6-0.68-0.78-0.160.610.110.47-0.50.510.70.310.260.270.410.80.390.510.20.27-0.26-0.150.69-0.590.70.62
-0.16-0.26-0.33-0.51-0.06-0.160.01-0.01-0.17-0.12-0.17-0.080.34-0.23-0.15-0.39-0.32-0.090.270.3-0.53-0.19-0.210.140.24
-0.560.470.280.15-0.54-0.420.140.5-0.63-0.54-0.44-0.490.34-0.51-0.45-0.68-0.53-0.5-0.260.30.13-0.590.5-0.42-0.24
-0.140.620.371.0-0.29-0.180.250.49-0.260.21-0.32-0.390.15-0.20.22-0.030.11-0.26-0.15-0.530.13-0.070.63-0.47-0.47
0.98-0.77-0.64-0.10.960.530.23-0.830.880.840.730.66-0.050.830.810.860.880.610.69-0.19-0.59-0.07-0.760.870.78
-0.790.980.590.65-0.85-0.53-0.040.92-0.82-0.56-0.72-0.750.1-0.73-0.51-0.64-0.6-0.57-0.59-0.210.50.63-0.76-0.9-0.83
0.9-0.92-0.79-0.50.940.410.2-0.870.790.60.70.66-0.030.710.620.70.680.560.70.14-0.42-0.470.87-0.90.9
0.83-0.82-0.68-0.490.870.550.07-0.880.790.470.780.720.160.780.480.510.680.490.620.24-0.24-0.470.78-0.830.9
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Hindcon Chemicals Account Relationship Matchups

Hindcon Chemicals fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets395.2M445.2M526.2M536.3M595.7M400.7M
Short Long Term Debt Total3.6M9.9M12.6M9.8M8.8M8.4M
Other Current Liab1.5M2.7M6K1.9M4.5M4.3M
Total Current Liabilities66.5M77.8M129.9M104.6M87.3M76.4M
Total Stockholder Equity323.4M361.7M391.4M423.5M499.5M291.4M
Property Plant And Equipment Net11.3M14.1M17.2M29.6M62.5M65.6M
Current Deferred Revenue17.7M(6.9M)38.6M18.3M6.2M5.9M
Net Debt(27.8M)(93.3M)(9.9M)(65.2M)(87.6M)(83.2M)
Retained Earnings138.4M176.7M208.5M246.4M307.2M322.6M
Accounts Payable49.9M47.2M79.0M74.2M54.1M49.4M
Cash31.4M103.2M22.3M75.0M87.6M92.0M
Non Current Assets Total58.4M69.8M63.0M59.3M163.8M171.9M
Non Currrent Assets Other(56.0M)(52.0M)32.3M284K5.1M3.0M
Cash And Short Term Investments31.4M103.2M57.1M107.5M120.0M126.0M
Net Receivables198.3M192.1M348.6M261.8M222.4M232.6M
Short Term Investments1.038.3M34.9M32.5M32.4M16.4M
Liabilities And Stockholders Equity395.2M445.2M526.2M536.3M595.7M400.7M
Non Current Liabilities Total2.9M3.0M294K3.4M2.9M1.5M
Inventory21.1M20.3M35.7M33.2M15.3M22.6M
Other Current Assets86.1M58.9M21.7M78.6M76.5M71.5M
Total Liab69.4M80.7M130.2M108.0M90.2M77.4M
Total Current Assets336.8M375.5M463.1M477.0M431.9M344.7M
Short Term Debt3.6M(5.6M)12.4M9.3M(6.2M)(5.9M)
Other Assets2.4M5.8M3.8M7.0M8.0M5.2M
Cash And Equivalents31.4M103.2M22.3M75.0M86.3M46.8M
Property Plant Equipment11.3M14.1M17.2M29.6M34.1M35.8M
Net Tangible Assets323.4M354.5M391.4M423.5M487.0M378.8M
Net Invested Capital327.0M371.6M404.3M433.3M499.5M428.7M
Net Working Capital270.3M297.7M333.2M372.5M344.6M341.4M

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Other Information on Investing in Hindcon Stock

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