Hindcon Other Current Liab vs Non Current Assets Total Analysis

HINDCON Stock   55.83  7.63  15.83%   
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 Other Current Liab and its Non Current Assets Total 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.

Other Current Liab vs Non Current Assets Total

Other Current Liab vs Non Current Assets Total Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Hindcon Chemicals Other Current Liab account and Non Current Assets Total. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Hindcon Chemicals' Other Current Liab and Non Current Assets Total is -0.4. Overlapping area represents the amount of variation of Other Current Liab that can explain the historical movement of Non Current Assets Total 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' Other Current Liab and Non Current Assets Total is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Current Liab of Hindcon Chemicals Limited are associated (or correlated) with its Non Current Assets Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Assets Total has no effect on the direction of Other Current Liab i.e., Hindcon Chemicals' Other Current Liab and Non Current Assets Total go up and down completely randomly.

Correlation Coefficient

-0.4
Relationship DirectionNegative 
Relationship StrengthVery Weak

Other Current Liab

Non Current Assets Total

The total value of a company's long-term assets, which are not expected to be converted into cash or used up within one year or the operating cycle, including property, plant, and equipment, and intangible assets.
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 2nd 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.