Hindcon Income Before Tax vs Ebit 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 Income Before Tax and its Ebit 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.

Income Before Tax vs Ebit

Income Before Tax vs Ebit Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Hindcon Chemicals Income Before Tax account and Ebit. At this time, the significance of the direction appears to have very strong relationship.

The correlation between Hindcon Chemicals' Income Before Tax and Ebit is 0.86. Overlapping area represents the amount of variation of Income Before Tax that can explain the historical movement of Ebit 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' Income Before Tax and Ebit is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Income Before Tax of Hindcon Chemicals Limited are associated (or correlated) with its Ebit. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Ebit has no effect on the direction of Income Before Tax i.e., Hindcon Chemicals' Income Before Tax and Ebit go up and down completely randomly.

Correlation Coefficient

0.86

Relationship Direction	Positive
Relationship Strength	Strong

View All Relationships

Income Before Tax

Income Before Tax which can also be referred as pre-tax income is reported on Hindcon Chemicals income statement and is an important metric when analyzing Hindcon Chemicals profitability. Accounting techniques because taxes can be complex, and not perfectly consistent from one company to company, an analyst may use pre-tax income as a more stable measure of profitability.

Ebit

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 Expense	224K	503K	756K	718.2K
Depreciation And Amortization	2.5M	2.9M	3.5M	2.3M

Interest Expense Depreciation And Amortization

Hindcon Chemicals fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Short Term Investments	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Common Stock	Other Assets
Total Assets		-0.79	-0.62	-0.18	0.99	0.6	0.17	-0.86	0.91	0.78	0.77	0.74	-0.05	0.85	0.74	0.87	0.87	0.63	0.6	-0.16	-0.56	-0.14	0.98	-0.79	0.9	0.83
Short Long Term Debt Total	-0.79		0.64	0.64	-0.85	-0.44	-0.17	0.87	-0.78	-0.59	-0.64	-0.68	0.04	-0.66	-0.56	-0.61	-0.55	-0.52	-0.68	-0.26	0.47	0.62	-0.77	0.98	-0.92	-0.82
Other Current Liab	-0.62	0.64		0.38	-0.66	-0.19	-0.15	0.58	-0.53	-0.46	-0.45	-0.4	-0.03	-0.47	-0.54	-0.45	-0.45	-0.35	-0.78	-0.33	0.28	0.37	-0.64	0.59	-0.79	-0.68
Total Current Liabilities	-0.18	0.64	0.38		-0.32	-0.2	0.27	0.52	-0.29	0.18	-0.35	-0.41	0.18	-0.23	0.21	-0.08	0.08	-0.31	-0.16	-0.51	0.15	1.0	-0.1	0.65	-0.5	-0.49
Total Stockholder Equity	0.99	-0.85	-0.66	-0.32		0.58	0.13	-0.89	0.9	0.72	0.77	0.75	-0.07	0.83	0.67	0.84	0.82	0.65	0.61	-0.06	-0.54	-0.29	0.96	-0.85	0.94	0.87
Property Plant And Equipment Net	0.6	-0.44	-0.19	-0.2	0.58		-0.25	-0.67	0.83	0.38	0.72	0.93	-0.01	0.81	0.32	0.51	0.5	0.46	0.11	-0.16	-0.42	-0.18	0.53	-0.53	0.41	0.55
Current Deferred Revenue	0.17	-0.17	-0.15	0.27	0.13	-0.25		0.14	-0.01	0.31	-0.34	-0.15	0.6	-0.21	0.59	-0.07	-0.04	-0.43	0.47	0.01	0.14	0.25	0.23	-0.04	0.2	0.07
Net Debt	-0.86	0.87	0.58	0.52	-0.89	-0.67	0.14		-0.91	-0.56	-0.93	-0.84	0.22	-0.92	-0.46	-0.74	-0.75	-0.71	-0.5	-0.01	0.5	0.49	-0.83	0.92	-0.87	-0.88
Retained Earnings	0.91	-0.78	-0.53	-0.29	0.9	0.83	-0.01	-0.91		0.68	0.86	0.92	-0.08	0.94	0.65	0.78	0.78	0.61	0.51	-0.17	-0.63	-0.26	0.88	-0.82	0.79	0.79
Accounts Payable	0.78	-0.59	-0.46	0.18	0.72	0.38	0.31	-0.56	0.68		0.45	0.42	-0.04	0.6	0.86	0.76	0.74	0.53	0.7	-0.12	-0.54	0.21	0.84	-0.56	0.6	0.47
Cash	0.77	-0.64	-0.45	-0.35	0.77	0.72	-0.34	-0.93	0.86	0.45		0.81	-0.33	0.97	0.31	0.7	0.78	0.73	0.31	-0.17	-0.44	-0.32	0.73	-0.72	0.7	0.78
Non Current Assets Total	0.74	-0.68	-0.4	-0.41	0.75	0.93	-0.15	-0.84	0.92	0.42	0.81		-0.03	0.86	0.42	0.6	0.58	0.48	0.26	-0.08	-0.49	-0.39	0.66	-0.75	0.66	0.72
Non Currrent Assets Other	-0.05	0.04	-0.03	0.18	-0.07	-0.01	0.6	0.22	-0.08	-0.04	-0.33	-0.03		-0.2	0.32	-0.48	-0.11	-0.67	0.27	0.34	0.34	0.15	-0.05	0.1	-0.03	0.16
Cash And Short Term Investments	0.85	-0.66	-0.47	-0.23	0.83	0.81	-0.21	-0.92	0.94	0.6	0.97	0.86	-0.2		0.5	0.76	0.83	0.69	0.41	-0.23	-0.51	-0.2	0.83	-0.73	0.71	0.78
Net Receivables	0.74	-0.56	-0.54	0.21	0.67	0.32	0.59	-0.46	0.65	0.86	0.31	0.42	0.32	0.5		0.57	0.68	0.12	0.8	-0.15	-0.45	0.22	0.81	-0.51	0.62	0.48
Common Stock Shares Outstanding	0.87	-0.61	-0.45	-0.08	0.84	0.51	-0.07	-0.74	0.78	0.76	0.7	0.6	-0.48	0.76	0.57		0.81	0.8	0.39	-0.39	-0.68	-0.03	0.86	-0.64	0.7	0.51
Short Term Investments	0.87	-0.55	-0.45	0.08	0.82	0.5	-0.04	-0.75	0.78	0.74	0.78	0.58	-0.11	0.83	0.68	0.81		0.56	0.51	-0.32	-0.53	0.11	0.88	-0.6	0.68	0.68
Non Current Liabilities Total	0.63	-0.52	-0.35	-0.31	0.65	0.46	-0.43	-0.71	0.61	0.53	0.73	0.48	-0.67	0.69	0.12	0.8	0.56		0.2	-0.09	-0.5	-0.26	0.61	-0.57	0.56	0.49
Inventory	0.6	-0.68	-0.78	-0.16	0.61	0.11	0.47	-0.5	0.51	0.7	0.31	0.26	0.27	0.41	0.8	0.39	0.51	0.2		0.27	-0.26	-0.15	0.69	-0.59	0.7	0.62
Other Current Assets	-0.16	-0.26	-0.33	-0.51	-0.06	-0.16	0.01	-0.01	-0.17	-0.12	-0.17	-0.08	0.34	-0.23	-0.15	-0.39	-0.32	-0.09	0.27		0.3	-0.53	-0.19	-0.21	0.14	0.24
Other Stockholder Equity	-0.56	0.47	0.28	0.15	-0.54	-0.42	0.14	0.5	-0.63	-0.54	-0.44	-0.49	0.34	-0.51	-0.45	-0.68	-0.53	-0.5	-0.26	0.3		0.13	-0.59	0.5	-0.42	-0.24
Total Liab	-0.14	0.62	0.37	1.0	-0.29	-0.18	0.25	0.49	-0.26	0.21	-0.32	-0.39	0.15	-0.2	0.22	-0.03	0.11	-0.26	-0.15	-0.53	0.13		-0.07	0.63	-0.47	-0.47
Total Current Assets	0.98	-0.77	-0.64	-0.1	0.96	0.53	0.23	-0.83	0.88	0.84	0.73	0.66	-0.05	0.83	0.81	0.86	0.88	0.61	0.69	-0.19	-0.59	-0.07		-0.76	0.87	0.78
Short Term Debt	-0.79	0.98	0.59	0.65	-0.85	-0.53	-0.04	0.92	-0.82	-0.56	-0.72	-0.75	0.1	-0.73	-0.51	-0.64	-0.6	-0.57	-0.59	-0.21	0.5	0.63	-0.76		-0.9	-0.83
Common Stock	0.9	-0.92	-0.79	-0.5	0.94	0.41	0.2	-0.87	0.79	0.6	0.7	0.66	-0.03	0.71	0.62	0.7	0.68	0.56	0.7	0.14	-0.42	-0.47	0.87	-0.9		0.9
Other Assets	0.83	-0.82	-0.68	-0.49	0.87	0.55	0.07	-0.88	0.79	0.47	0.78	0.72	0.16	0.78	0.48	0.51	0.68	0.49	0.62	0.24	-0.24	-0.47	0.78	-0.83	0.9

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Hindcon Chemicals Account Relationship Matchups

Hindcon Chemicals fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	395.2M	445.2M	526.2M	536.3M	595.7M	400.7M
Short Long Term Debt Total	3.6M	9.9M	12.6M	9.8M	8.8M	8.4M
Other Current Liab	1.5M	2.7M	6K	1.9M	4.5M	4.3M
Total Current Liabilities	66.5M	77.8M	129.9M	104.6M	87.3M	76.4M
Total Stockholder Equity	323.4M	361.7M	391.4M	423.5M	499.5M	291.4M
Property Plant And Equipment Net	11.3M	14.1M	17.2M	29.6M	62.5M	65.6M
Current Deferred Revenue	17.7M	(6.9M)	38.6M	18.3M	6.2M	5.9M
Net Debt	(27.8M)	(93.3M)	(9.9M)	(65.2M)	(87.6M)	(83.2M)
Retained Earnings	138.4M	176.7M	208.5M	246.4M	307.2M	322.6M
Accounts Payable	49.9M	47.2M	79.0M	74.2M	54.1M	49.4M
Cash	31.4M	103.2M	22.3M	75.0M	87.6M	92.0M
Non Current Assets Total	58.4M	69.8M	63.0M	59.3M	163.8M	171.9M
Non Currrent Assets Other	(56.0M)	(52.0M)	32.3M	284K	5.1M	3.0M
Cash And Short Term Investments	31.4M	103.2M	57.1M	107.5M	120.0M	126.0M
Net Receivables	198.3M	192.1M	348.6M	261.8M	222.4M	232.6M
Short Term Investments	1.0	38.3M	34.9M	32.5M	32.4M	16.4M
Liabilities And Stockholders Equity	395.2M	445.2M	526.2M	536.3M	595.7M	400.7M
Non Current Liabilities Total	2.9M	3.0M	294K	3.4M	2.9M	1.5M
Inventory	21.1M	20.3M	35.7M	33.2M	15.3M	22.6M
Other Current Assets	86.1M	58.9M	21.7M	78.6M	76.5M	71.5M
Total Liab	69.4M	80.7M	130.2M	108.0M	90.2M	77.4M
Total Current Assets	336.8M	375.5M	463.1M	477.0M	431.9M	344.7M
Short Term Debt	3.6M	(5.6M)	12.4M	9.3M	(6.2M)	(5.9M)
Other Assets	2.4M	5.8M	3.8M	7.0M	8.0M	5.2M
Cash And Equivalents	31.4M	103.2M	22.3M	75.0M	86.3M	46.8M
Property Plant Equipment	11.3M	14.1M	17.2M	29.6M	34.1M	35.8M
Net Tangible Assets	323.4M	354.5M	391.4M	423.5M	487.0M	378.8M
Net Invested Capital	327.0M	371.6M	404.3M	433.3M	499.5M	428.7M
Net Working Capital	270.3M	297.7M	333.2M	372.5M	344.6M	341.4M

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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.

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Hindcon Income Before Tax vs Ebit Analysis

Income Before Tax vs Ebit

Income Before Tax vs Ebit Correlation Analysis

Correlation Coefficient

Income Before Tax

Ebit

Hindcon Chemicals fundamental ratios Correlations

Hindcon Chemicals Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Hindcon Chemicals fundamental ratios Accounts

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Other Information on Investing in Hindcon Stock

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Total Liab	+ 1.0	Total Current Liabilities
Total Stockholder Equity	+ 0.99	Total Assets
Total Current Assets	+ 0.98	Total Assets
Short Term Debt	+ 0.98	Short Long Term Debt Total
Cash And Short Term Investments	+ 0.97	Cash
Total Current Assets	+ 0.96	Total Stockholder Equity

Cash	- 0.93	Net Debt
Cash And Short Term Investments	- 0.92	Net Debt
Common Stock	- 0.92	Short Long Term Debt Total
Retained Earnings	- 0.91	Net Debt
Common Stock	- 0.9	Short Term Debt
Net Debt	- 0.89	Total Stockholder Equity