Indian Cash And Short Term Investments vs Other Current Assets Analysis

IMFA Stock

842.15 1.55 0.18%

Indian Metals financial indicator trend analysis is infinitely more than just investigating Indian Metals Ferro recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Indian Metals Ferro is a good investment. Please check the relationship between Indian Metals Cash And Short Term Investments and its Other Current Assets accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Indian Metals Ferro. 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.

Cash And Short Term Investments vs Other Current Assets

Cash And Short Term Investments vs Other Current Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Indian Metals Ferro Cash And Short Term Investments account and Other Current Assets. At this time, the significance of the direction appears to have strong relationship.

The correlation between Indian Metals' Cash And Short Term Investments and Other Current Assets is 0.71. Overlapping area represents the amount of variation of Cash And Short Term Investments that can explain the historical movement of Other Current Assets in the same time period over historical financial statements of Indian Metals Ferro, assuming nothing else is changed. The correlation between historical values of Indian Metals' Cash And Short Term Investments and Other Current 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 Cash And Short Term Investments of Indian Metals Ferro are associated (or correlated) with its Other Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Assets has no effect on the direction of Cash And Short Term Investments i.e., Indian Metals' Cash And Short Term Investments and Other Current Assets go up and down completely randomly.

Correlation Coefficient

0.71

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Cash And Short Term Investments

Short Term Investments is an account in the current assets section of Indian Metals Ferro balance sheet. This account contains Indian Metals investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Indian Metals Ferro fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.

Other Current Assets

Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.

Most indicators from Indian Metals' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Indian Metals Ferro 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 Indian Metals Ferro. 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 gain to about 2.4 B in 2024, whereas Tax Provision is likely to drop slightly above 776.9 M in 2024.

	2021	2022	2023	2024 (projected)
Other Operating Expenses	18.7B	22.7B	17.8B	12.7B
Gross Profit	13.9B	12.2B	12.0B	8.0B

Other Operating Expenses Gross Profit

Indian Metals fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Retained Earnings	Accounts Payable	Cash	Long Term Debt	Net Receivables	Inventory	Other Current Assets	Total Liab	Common Stock	Property Plant Equipment	Short Long Term Debt Total	Property Plant And Equipment Net	Net Debt	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Common Stock Shares Outstanding	Short Term Investments	Non Current Liabilities Total	Other Stockholder Equity	Total Current Assets
Total Assets		0.65	0.92	0.53	0.38	0.65	0.16	0.21	0.39	0.79	0.24	0.63	0.3	0.88	0.06	0.77	0.07	0.71	-0.08	-0.2	0.11	0.91	0.13	-0.05	0.07	0.63
Other Current Liab	0.65		0.62	0.52	0.45	0.22	0.36	-0.04	0.26	0.63	0.08	0.3	0.54	0.51	-0.19	0.44	-0.22	0.42	0.07	-0.38	0.2	0.64	0.16	-0.23	0.23	0.51
Total Current Liabilities	0.92	0.62		0.46	0.32	0.58	0.02	0.1	0.28	0.76	0.24	0.6	0.2	0.83	0.05	0.75	0.07	0.73	-0.29	-0.2	-0.04	0.81	0.0	-0.1	-0.19	0.51
Total Stockholder Equity	0.53	0.52	0.46		0.98	0.43	0.03	-0.59	0.09	0.81	0.77	-0.12	0.9	0.18	-0.77	0.12	-0.77	0.07	0.01	-0.56	0.83	0.74	0.85	-0.81	-0.26	0.82
Retained Earnings	0.38	0.45	0.32	0.98		0.33	-0.02	-0.7	0.03	0.75	0.8	-0.29	0.93	0.0	-0.87	-0.06	-0.87	-0.1	0.03	-0.57	0.89	0.61	0.91	-0.89	-0.3	0.81
Accounts Payable	0.65	0.22	0.58	0.43	0.33		0.25	0.13	0.2	0.61	0.37	0.43	0.11	0.57	-0.05	0.48	-0.06	0.42	-0.41	-0.01	0.19	0.72	0.18	-0.07	-0.24	0.48
Cash	0.16	0.36	0.02	0.03	-0.02	0.25		0.46	0.37	-0.05	-0.29	0.41	0.12	0.28	0.19	0.31	0.1	0.22	0.13	0.07	0.09	0.24	-0.08	0.3	0.55	0.02
Long Term Debt	0.21	-0.04	0.1	-0.59	-0.7	0.13	0.46		0.28	-0.39	-0.65	0.81	-0.63	0.58	0.92	0.62	0.9	0.59	0.08	0.47	-0.66	0.03	-0.72	0.94	0.61	-0.47
Net Receivables	0.39	0.26	0.28	0.09	0.03	0.2	0.37	0.28		0.27	-0.17	0.32	0.06	0.33	0.21	0.29	0.18	0.18	-0.01	0.07	-0.08	0.21	-0.12	0.16	0.33	0.32
Inventory	0.79	0.63	0.76	0.81	0.75	0.61	-0.05	-0.39	0.27		0.61	0.06	0.63	0.43	-0.5	0.27	-0.48	0.22	-0.2	-0.38	0.47	0.81	0.51	-0.59	-0.3	0.92
Other Current Assets	0.24	0.08	0.24	0.77	0.8	0.37	-0.29	-0.65	-0.17	0.61		-0.34	0.66	-0.11	-0.78	-0.19	-0.75	-0.22	-0.1	-0.4	0.71	0.46	0.77	-0.8	-0.46	0.68
Total Liab	0.63	0.3	0.6	-0.12	-0.29	0.43	0.41	0.81	0.32	0.06	-0.34		-0.31	0.91	0.69	0.96	0.68	0.93	-0.08	0.21	-0.43	0.5	-0.47	0.64	0.37	-0.16
Common Stock	0.3	0.54	0.2	0.9	0.93	0.11	0.12	-0.63	0.06	0.63	0.66	-0.31		-0.05	-0.83	-0.11	-0.84	-0.16	0.28	-0.64	0.84	0.53	0.83	-0.82	-0.06	0.74
Property Plant Equipment	0.88	0.51	0.83	0.18	0.0	0.57	0.28	0.58	0.33	0.43	-0.11	0.91	-0.05		0.45	0.96	0.45	0.93	-0.08	-0.01	-0.23	0.77	-0.24	0.36	0.21	0.21
Short Long Term Debt Total	0.06	-0.19	0.05	-0.77	-0.87	-0.05	0.19	0.92	0.21	-0.5	-0.78	0.69	-0.83	0.45		0.51	1.0	0.52	-0.01	0.55	-0.84	-0.21	-0.86	0.98	0.46	-0.62
Property Plant And Equipment Net	0.77	0.44	0.75	0.12	-0.06	0.48	0.31	0.62	0.29	0.27	-0.19	0.96	-0.11	0.96	0.51		0.5	0.98	-0.08	0.02	-0.28	0.67	-0.29	0.42	0.22	0.02
Net Debt	0.07	-0.22	0.07	-0.77	-0.87	-0.06	0.1	0.9	0.18	-0.48	-0.75	0.68	-0.84	0.45	1.0	0.5		0.53	-0.03	0.55	-0.86	-0.21	-0.86	0.96	0.42	-0.62
Non Current Assets Total	0.71	0.42	0.73	0.07	-0.1	0.42	0.22	0.59	0.18	0.22	-0.22	0.93	-0.16	0.93	0.52	0.98	0.53		-0.1	0.03	-0.31	0.6	-0.31	0.43	0.2	-0.07
Non Currrent Assets Other	-0.08	0.07	-0.29	0.01	0.03	-0.41	0.13	0.08	-0.01	-0.2	-0.1	-0.08	0.28	-0.08	-0.01	-0.08	-0.03	-0.1		-0.54	0.15	-0.03	0.13	0.05	0.62	-0.02
Other Assets	-0.2	-0.38	-0.2	-0.56	-0.57	-0.01	0.07	0.47	0.07	-0.38	-0.4	0.21	-0.64	-0.01	0.55	0.02	0.55	0.03	-0.54		-0.43	-0.36	-0.45	0.56	0.09	-0.4
Cash And Short Term Investments	0.11	0.2	-0.04	0.83	0.89	0.19	0.09	-0.66	-0.08	0.47	0.71	-0.43	0.84	-0.23	-0.84	-0.28	-0.86	-0.31	0.15	-0.43		0.4	0.98	-0.79	-0.13	0.66
Common Stock Shares Outstanding	0.91	0.64	0.81	0.74	0.61	0.72	0.24	0.03	0.21	0.81	0.46	0.5	0.53	0.77	-0.21	0.67	-0.21	0.6	-0.03	-0.36	0.4		0.39	-0.27	-0.03	0.7
Short Term Investments	0.13	0.16	0.0	0.85	0.91	0.18	-0.08	-0.72	-0.12	0.51	0.77	-0.47	0.83	-0.24	-0.86	-0.29	-0.86	-0.31	0.13	-0.45	0.98	0.39		-0.84	-0.22	0.68
Non Current Liabilities Total	-0.05	-0.23	-0.1	-0.81	-0.89	-0.07	0.3	0.94	0.16	-0.59	-0.8	0.64	-0.82	0.36	0.98	0.42	0.96	0.43	0.05	0.56	-0.79	-0.27	-0.84		0.54	-0.67
Other Stockholder Equity	0.07	0.23	-0.19	-0.26	-0.3	-0.24	0.55	0.61	0.33	-0.3	-0.46	0.37	-0.06	0.21	0.46	0.22	0.42	0.2	0.62	0.09	-0.13	-0.03	-0.22	0.54		-0.16
Total Current Assets	0.63	0.51	0.51	0.82	0.81	0.48	0.02	-0.47	0.32	0.92	0.68	-0.16	0.74	0.21	-0.62	0.02	-0.62	-0.07	-0.02	-0.4	0.66	0.7	0.68	-0.67	-0.16

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Indian Metals Account Relationship Matchups

Indian Metals fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	24.1B	25.4B	28.2B	26.5B	28.3B	18.2B
Other Current Liab	1.2B	2.1B	3.0B	1.8B	2.4B	1.8B
Total Current Liabilities	7.4B	7.4B	8.6B	6.7B	6.5B	4.6B
Total Stockholder Equity	10.8B	12.4B	17.2B	18.7B	21.2B	22.3B
Retained Earnings	5.8B	7.4B	12.1B	13.7B	16.1B	17.0B
Accounts Payable	1.9B	1.6B	882.1M	1.6B	2.4B	1.6B
Cash	53.6M	74.6M	74.1M	80.6M	517.6M	543.5M
Long Term Debt	3.4B	2.9B	94.5M	53.9M	2M	1.9M
Net Receivables	510.3M	1.1B	1.6B	4.3B	847.3M	804.9M
Inventory	4.3B	4.5B	6.2B	6.5B	7.1B	3.8B
Other Current Assets	2.1B	2.3B	2.0B	4.9B	4.1B	4.3B
Total Liab	13.0B	12.7B	10.8B	7.5B	7.0B	10.0B
Property Plant Equipment	14.5B	13.7B	13.5B	10.2B	11.8B	9.3B
Short Long Term Debt Total	7.1B	6.8B	4.9B	3.4B	1.8B	1.8B
Property Plant And Equipment Net	14.5B	13.7B	13.8B	10.2B	10.4B	12.3B
Net Debt	7.1B	6.7B	4.8B	3.3B	1.3B	1.3B
Non Current Assets Total	17.3B	16.4B	16.9B	11.5B	11.7B	14.6B
Non Currrent Assets Other	(9M)	2.1B	200K	578.6M	1.1B	1.2B
Other Assets	200K	500K	2.2M	578.6M	(1.0)	(0.95)
Cash And Short Term Investments	468.5M	1.4B	1.6B	3.0B	4.5B	4.7B
Short Term Investments	414.9M	1.3B	1.5B	2.9B	4.0B	4.2B
Liabilities And Stockholders Equity	24.1B	25.4B	28.2B	26.5B	28.3B	23.3B
Non Current Liabilities Total	5.6B	5.3B	2.2B	850.9M	550.6M	523.1M
Other Stockholder Equity	(9.6B)	(8.9B)	1.7B	1.4B	1.3B	1.2B
Total Current Assets	6.9B	9.0B	11.3B	15.0B	16.6B	8.7B
Accumulated Other Comprehensive Income	(5.3B)	3.1B	3.1B	3.1B	3.1B	3.3B
Other Liab	2.1B	2.2B	2.0B	616.9M	709.4M	674.0M
Current Deferred Revenue	713.9M	460.3M	707.5M	1.2B	7.4M	7.0M
Short Term Debt	3.6B	3.7B	4.7B	3.2B	1.7B	3.0B
Net Tangible Assets	10.6B	12.2B	16.9B	18.5B	21.2B	12.6B
Short Long Term Debt	3.6B	2.8B	4.7B	3.2B	1.7B	2.9B
Long Term Debt Total	3.5B	3.1B	94.5M	234M	210.6M	200.1M
Net Invested Capital	17.8B	18.2B	21.9B	21.9B	22.9B	22.4B
Net Working Capital	(513.6M)	1.6B	2.7B	8.4B	10.1B	10.6B

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Indian Cash And Short Term Investments vs Other Current Assets Analysis

Cash And Short Term Investments vs Other Current Assets

Cash And Short Term Investments vs Other Current Assets Correlation Analysis

Correlation Coefficient

Cash And Short Term Investments

Other Current Assets

Indian Metals fundamental ratios Correlations

Indian Metals Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Indian Metals fundamental ratios Accounts

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Net Debt	+ 1.0	Short Long Term Debt Total
Retained Earnings	+ 0.98	Total Stockholder Equity
Non Current Liabilities Total	+ 0.98	Short Long Term Debt Total
Non Current Assets Total	+ 0.98	Property Plant And Equipment Net
Short Term Investments	+ 0.98	Cash And Short Term Investments
Property Plant And Equipment Net	+ 0.96	Total Liab

Non Current Liabilities Total	- 0.89	Retained Earnings
Net Debt	- 0.87	Retained Earnings
Short Long Term Debt Total	- 0.87	Retained Earnings
Short Term Investments	- 0.86	Net Debt
Cash And Short Term Investments	- 0.86	Net Debt
Short Term Investments	- 0.86	Short Long Term Debt Total