Himadri Total Current Assets vs Common Stock Analysis

HSCL Stock   527.10  3.05  0.58%   
Himadri Speciality financial indicator trend analysis is much more than just examining Himadri Speciality latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Himadri Speciality is a good investment. Please check the relationship between Himadri Speciality Total Current Assets and its Common Stock accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Himadri Speciality Chemical. 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 Common Stock

Total Current Assets vs Common Stock Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Himadri Speciality Total Current Assets account and Common Stock. At this time, the significance of the direction appears to have strong relationship.
The correlation between Himadri Speciality's Total Current Assets and Common Stock is 0.73. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Common Stock in the same time period over historical financial statements of Himadri Speciality Chemical, assuming nothing else is changed. The correlation between historical values of Himadri Speciality's Total Current Assets and Common Stock 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 Himadri Speciality Chemical are associated (or correlated) with its Common Stock. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock has no effect on the direction of Total Current Assets i.e., Himadri Speciality's Total Current Assets and Common Stock go up and down completely randomly.

Correlation Coefficient

0.73
Relationship DirectionPositive 
Relationship StrengthSignificant

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.

Common Stock

Most indicators from Himadri Speciality's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Himadri Speciality 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 Himadri Speciality Chemical. 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.
At this time, Himadri Speciality's Tax Provision is comparatively stable compared to the past year. Issuance Of Capital Stock is likely to gain to about 3.3 B in 2024, whereas Selling General Administrative is likely to drop slightly above 43.8 M in 2024.
 2021 2022 2023 2024 (projected)
Interest Expense292.6M660.7M607.4M553.4M
Depreciation And Amortization495.5M508.5M498.6M440.2M

Himadri Speciality fundamental ratios Correlations

0.15-0.070.910.750.860.010.50.93-0.120.470.83-0.270.90.40.140.620.770.870.63-0.02-0.72-0.190.670.72-0.03
0.15-0.330.29-0.150.290.98-0.170.190.750.10.250.690.060.490.040.710.080.05-0.380.010.180.39-0.28-0.280.36
-0.07-0.33-0.06-0.12-0.12-0.320.0-0.12-0.350.220.050.2-0.11-0.440.180.08-0.04-0.120.060.250.13-0.01-0.15-0.130.07
0.910.29-0.060.570.850.150.450.83-0.050.550.74-0.160.910.28-0.020.770.680.70.520.1-0.70.120.50.740.07
0.75-0.15-0.120.570.61-0.250.730.69-0.330.320.69-0.530.640.520.090.20.910.820.65-0.15-0.8-0.450.970.66-0.23
0.860.29-0.120.850.610.210.210.940.010.30.88-0.230.740.280.220.60.550.790.33-0.14-0.57-0.140.530.53-0.09
0.010.98-0.320.15-0.250.21-0.340.120.81-0.060.20.75-0.060.40.140.63-0.06-0.03-0.5-0.090.340.35-0.39-0.390.26
0.5-0.170.00.450.730.21-0.340.24-0.490.660.21-0.450.470.46-0.410.150.840.410.610.32-0.84-0.050.780.570.22
0.930.19-0.120.830.690.940.120.24-0.010.220.93-0.230.820.350.370.570.610.90.41-0.25-0.55-0.30.580.6-0.23
-0.120.75-0.35-0.05-0.330.010.81-0.49-0.01-0.360.070.71-0.070.280.390.42-0.19-0.09-0.47-0.320.580.1-0.45-0.32-0.05
0.470.10.220.550.320.3-0.060.660.22-0.360.15-0.180.330.22-0.460.360.510.170.440.84-0.630.140.360.260.65
0.830.250.050.740.690.880.20.210.930.070.15-0.050.720.380.50.630.640.880.29-0.33-0.43-0.340.540.48-0.32
-0.270.690.2-0.16-0.53-0.230.75-0.45-0.230.71-0.18-0.05-0.260.10.280.5-0.27-0.31-0.57-0.070.680.36-0.68-0.550.19
0.90.06-0.110.910.640.74-0.060.470.82-0.070.330.72-0.260.250.130.620.690.750.59-0.14-0.66-0.080.580.89-0.25
0.40.49-0.440.280.520.280.40.460.350.280.220.380.10.250.150.350.590.490.0-0.06-0.3-0.140.410.070.16
0.140.040.18-0.020.090.220.14-0.410.370.39-0.460.50.280.130.150.17-0.050.4-0.27-0.580.42-0.47-0.09-0.07-0.61
0.620.710.080.770.20.60.630.150.570.420.360.630.50.620.350.170.470.420.090.03-0.190.320.040.290.17
0.770.08-0.040.680.910.55-0.060.840.61-0.190.510.64-0.270.690.59-0.050.470.730.660.03-0.79-0.180.860.65-0.01
0.870.05-0.120.70.820.79-0.030.410.9-0.090.170.88-0.310.750.490.40.420.730.45-0.33-0.59-0.410.70.61-0.32
0.63-0.380.060.520.650.33-0.50.610.41-0.470.440.29-0.570.590.0-0.270.090.660.450.19-0.72-0.170.730.730.02
-0.020.010.250.1-0.15-0.14-0.090.32-0.25-0.320.84-0.33-0.07-0.14-0.06-0.580.030.03-0.330.19-0.250.22-0.05-0.130.77
-0.720.180.13-0.7-0.8-0.570.34-0.84-0.550.58-0.63-0.430.68-0.66-0.30.42-0.19-0.79-0.59-0.72-0.250.07-0.86-0.74-0.14
-0.190.39-0.010.12-0.45-0.140.35-0.05-0.30.10.14-0.340.36-0.08-0.14-0.470.32-0.18-0.41-0.170.220.07-0.43-0.090.46
0.67-0.28-0.150.50.970.53-0.390.780.58-0.450.360.54-0.680.580.41-0.090.040.860.70.73-0.05-0.86-0.430.68-0.15
0.72-0.28-0.130.740.660.53-0.390.570.6-0.320.260.48-0.550.890.07-0.070.290.650.610.73-0.13-0.74-0.090.68-0.34
-0.030.360.070.07-0.23-0.090.260.22-0.23-0.050.65-0.320.19-0.250.16-0.610.17-0.01-0.320.020.77-0.140.46-0.15-0.34
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Himadri Speciality Account Relationship Matchups

Himadri Speciality fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets25.6B27.9B34.5B36.8B44.5B25.1B
Short Long Term Debt Total5.1B7.3B5.9B8.4B6.0B7.5B
Other Current Liab248.9M241.8M1.1B522.7M436.8M717.5M
Total Current Liabilities7.4B8.4B14.1B12.5B12.0B7.3B
Total Stockholder Equity17.3B17.9B18.7B22.8B30.5B32.0B
Property Plant And Equipment Net16.3B16.3B16.2B16.1B16.0B12.5B
Net Debt4.7B6.8B4.1B6.3B3.9B6.8B
Cash419.9M445.5M1.7B2.1B2.1B2.3B
Non Current Assets Total17.3B17.4B17.9B17.9B21.4B14.4B
Non Currrent Assets Other925.7M181.1M126.7M122.3M544.1M808.9M
Cash And Short Term Investments419.9M1.3B2.6B6.5B2.2B1.5B
Common Stock Shares Outstanding418.6M418.8M419.0M420.9M448.4M430.4M
Liabilities And Stockholders Equity25.6B27.9B34.5B36.8B44.5B25.1B
Non Current Liabilities Total858.5M1.6B1.8B1.5B2.0B3.4B
Inventory4.1B3.4B7.7B5.4B7.0B4.0B
Other Current Assets3.9B1.0B1.2B6.1B7.2B7.6B
Other Stockholder Equity12.0B4.6B4.6B5.5B9.7B8.9B
Total Liab8.3B10.0B15.9B14.0B14.1B11.9B
Total Current Assets8.4B10.5B16.7B18.9B23.1B24.2B
Accumulated Other Comprehensive Income(5.5B)2.1B2.5B3.6B3.0B3.2B
Common Stock418.6M418.8M419.0M432.7M492.6M435.0M
Net Receivables3.1B4.8B5.2B5.3B6.6B4.3B
Short Term Investments42.5M836.2M901.2M4.4B8.2M7.8M
Intangible Assets18.4M13.1M6.7M6.6M8.2M12.3M
Current Deferred Revenue47.6M264.2M760.1M300.5M136.8M130.0M
Retained Earnings10.5B10.9B11.2B13.3B17.3B18.1B
Accounts Payable2.3B1.5B7.8B3.5B5.7B2.9B
Short Term Debt4.8B6.4B4.9B7.9B5.8B4.4B
Other Liab567.4M662.3M777.5M1.0B901.0M839.2M
Net Tangible Assets17.3B17.9B18.7B22.8B26.2B15.6B
Other Assets459.1M503.4M503.1M88.4M79.6M75.6M
Long Term Debt181.4M843.9M931.7M483.1M215.4M204.6M
Short Long Term Debt4.8B5.9B4.9B7.9B5.8B5.6B
Property Plant Equipment16.3B16.3B16.2B16.1B18.5B15.3B
Long Term Debt Total291.2M914.6M987.6M527.3M474.5M450.8M
Capital Surpluse4.5B4.6B4.6B5.5B6.3B5.1B
Net Invested Capital22.4B24.7B24.5B31.2B36.5B28.4B
Cash And Equivalents409K81.7M300.4M81.3M93.4M93.2M
Net Working Capital935.8M2.1B2.6B6.4B11.0B11.6B

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