Indian Non Currrent Assets Other vs Long Term Debt Analysis

IMFA Stock   840.60  15.70  1.90%   
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 Non Currrent Assets Other and its Long Term Debt 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.

Non Currrent Assets Other vs Long Term Debt

Non Currrent Assets Other vs Long Term Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Indian Metals Ferro Non Currrent Assets Other account and Long Term Debt. At this time, the significance of the direction appears to have no relationship.
The correlation between Indian Metals' Non Currrent Assets Other and Long Term Debt is 0.08. Overlapping area represents the amount of variation of Non Currrent Assets Other that can explain the historical movement of Long Term Debt 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' Non Currrent Assets Other and Long Term Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Non Currrent Assets Other of Indian Metals Ferro are associated (or correlated) with its Long Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Long Term Debt has no effect on the direction of Non Currrent Assets Other i.e., Indian Metals' Non Currrent Assets Other and Long Term Debt go up and down completely randomly.

Correlation Coefficient

0.08
Relationship DirectionPositive 
Relationship StrengthInsignificant

Non Currrent Assets Other

Assets that are not physical or tangible, expected to provide value for more than one year, and not easily converted into cash, such as long-term investments or patents.

Long Term Debt

Long-term debt is a debt that Indian Metals Ferro has held for over one year. Long-term debt appears on Indian Metals Ferro balance sheet and also includes long-term leases. The most common forms of long term debt are bonds payable, long-term notes payable, mortgage payable, pension liabilities, and lease liabilities. In the corporate world, long-term debt is generally used to fund big-ticket items, such as machinery, buildings, and land. The total of long-term debt reported on Indian Metals Ferro balance sheet is the sum of the balances of all categories of long-term debt. Debt that is not due within the current year and is often considered to be financing activities that are to be repaid over several years.
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 Expenses18.7B22.7B17.8B12.7B
Gross Profit13.9B12.2B12.3B8.0B

Indian Metals fundamental ratios Correlations

0.650.920.530.380.650.160.210.390.790.240.630.30.880.060.770.070.71-0.08-0.20.110.910.13-0.050.070.63
0.650.620.520.450.220.36-0.040.260.630.080.30.540.51-0.190.44-0.220.420.07-0.380.20.640.16-0.230.230.51
0.920.620.460.320.580.020.10.280.760.240.60.20.830.050.750.070.73-0.29-0.2-0.040.810.0-0.1-0.190.51
0.530.520.460.980.430.03-0.590.090.810.77-0.120.90.18-0.770.12-0.770.070.01-0.560.830.740.85-0.81-0.260.82
0.380.450.320.980.33-0.02-0.70.030.750.8-0.290.930.0-0.87-0.06-0.87-0.10.03-0.570.890.610.91-0.89-0.30.81
0.650.220.580.430.330.250.130.20.610.370.430.110.57-0.050.48-0.060.42-0.41-0.010.190.720.18-0.07-0.240.48
0.160.360.020.03-0.020.250.460.37-0.05-0.290.410.120.280.190.310.10.220.130.070.090.24-0.080.30.550.02
0.21-0.040.1-0.59-0.70.130.460.28-0.39-0.650.81-0.630.580.920.620.90.590.080.47-0.660.03-0.720.940.61-0.47
0.390.260.280.090.030.20.370.280.27-0.170.320.060.330.210.290.180.18-0.010.07-0.080.21-0.120.160.330.32
0.790.630.760.810.750.61-0.05-0.390.270.610.060.630.43-0.50.27-0.480.22-0.2-0.380.470.810.51-0.59-0.30.92
0.240.080.240.770.80.37-0.29-0.65-0.170.61-0.340.66-0.11-0.78-0.19-0.75-0.22-0.1-0.40.710.460.77-0.8-0.460.68
0.630.30.6-0.12-0.290.430.410.810.320.06-0.34-0.310.910.690.960.680.93-0.080.21-0.430.5-0.470.640.37-0.16
0.30.540.20.90.930.110.12-0.630.060.630.66-0.31-0.05-0.83-0.11-0.84-0.160.28-0.640.840.530.83-0.82-0.060.74
0.880.510.830.180.00.570.280.580.330.43-0.110.91-0.050.450.960.450.93-0.08-0.01-0.230.77-0.240.360.210.21
0.06-0.190.05-0.77-0.87-0.050.190.920.21-0.5-0.780.69-0.830.450.511.00.52-0.010.55-0.84-0.21-0.860.980.46-0.62
0.770.440.750.12-0.060.480.310.620.290.27-0.190.96-0.110.960.510.50.98-0.080.02-0.280.67-0.290.420.220.02
0.07-0.220.07-0.77-0.87-0.060.10.90.18-0.48-0.750.68-0.840.451.00.50.53-0.030.55-0.86-0.21-0.860.960.42-0.62
0.710.420.730.07-0.10.420.220.590.180.22-0.220.93-0.160.930.520.980.53-0.10.03-0.310.6-0.310.430.2-0.07
-0.080.07-0.290.010.03-0.410.130.08-0.01-0.2-0.1-0.080.28-0.08-0.01-0.08-0.03-0.1-0.540.15-0.030.130.050.62-0.02
-0.2-0.38-0.2-0.56-0.57-0.010.070.470.07-0.38-0.40.21-0.64-0.010.550.020.550.03-0.54-0.43-0.36-0.450.560.09-0.4
0.110.2-0.040.830.890.190.09-0.66-0.080.470.71-0.430.84-0.23-0.84-0.28-0.86-0.310.15-0.430.40.98-0.79-0.130.66
0.910.640.810.740.610.720.240.030.210.810.460.50.530.77-0.210.67-0.210.6-0.03-0.360.40.39-0.27-0.030.7
0.130.160.00.850.910.18-0.08-0.72-0.120.510.77-0.470.83-0.24-0.86-0.29-0.86-0.310.13-0.450.980.39-0.84-0.220.68
-0.05-0.23-0.1-0.81-0.89-0.070.30.940.16-0.59-0.80.64-0.820.360.980.420.960.430.050.56-0.79-0.27-0.840.54-0.67
0.070.23-0.19-0.26-0.3-0.240.550.610.33-0.3-0.460.37-0.060.210.460.220.420.20.620.09-0.13-0.03-0.220.54-0.16
0.630.510.510.820.810.480.02-0.470.320.920.68-0.160.740.21-0.620.02-0.62-0.07-0.02-0.40.660.70.68-0.67-0.16
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Indian Metals Account Relationship Matchups

Indian Metals fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets24.1B25.4B28.2B26.5B28.3B18.2B
Other Current Liab1.2B2.1B3.0B1.8B2.4B1.8B
Total Current Liabilities7.4B7.4B8.6B6.7B6.5B4.6B
Total Stockholder Equity10.8B12.4B17.2B18.7B21.2B22.3B
Retained Earnings5.8B7.4B12.1B13.7B16.1B17.0B
Accounts Payable1.9B1.6B882.1M1.6B2.4B1.6B
Cash53.6M74.6M74.1M80.6M517.6M543.5M
Long Term Debt3.4B2.9B94.5M53.9M2M1.9M
Net Receivables510.3M1.1B1.6B4.3B847.3M804.9M
Inventory4.3B4.5B6.2B6.5B7.1B3.8B
Other Current Assets2.1B2.3B2.0B4.9B4.1B4.3B
Total Liab13.0B12.7B10.8B7.5B7.0B10.0B
Property Plant Equipment14.5B13.7B13.5B10.2B11.8B9.3B
Short Long Term Debt Total7.1B6.8B4.9B3.4B1.8B1.8B
Property Plant And Equipment Net14.5B13.7B13.8B10.2B10.4B12.3B
Net Debt7.1B6.7B4.8B3.3B1.3B1.3B
Non Current Assets Total17.3B16.4B16.9B11.5B11.7B14.6B
Non Currrent Assets Other(9M)2.1B200K578.6M1.1B1.2B
Other Assets200K500K2.2M578.6M(1.0)(0.95)
Cash And Short Term Investments468.5M1.4B1.6B3.0B4.5B4.7B
Short Term Investments414.9M1.3B1.5B2.9B4.0B4.2B
Liabilities And Stockholders Equity24.1B25.4B28.2B26.5B28.3B23.3B
Non Current Liabilities Total5.6B5.3B2.2B850.9M550.6M523.1M
Other Stockholder Equity(9.6B)(8.9B)1.7B1.4B1.3B1.2B
Total Current Assets6.9B9.0B11.3B15.0B16.6B8.7B
Accumulated Other Comprehensive Income(5.3B)3.1B3.1B3.1B3.1B3.3B
Other Liab2.1B2.2B2.0B616.9M709.4M674.0M
Current Deferred Revenue713.9M460.3M707.5M1.2B7.4M7.0M
Short Term Debt3.6B3.7B4.7B3.2B1.7B3.0B
Net Tangible Assets10.6B12.2B16.9B18.5B21.2B12.6B
Short Long Term Debt3.6B2.8B4.7B3.2B1.7B2.9B
Long Term Debt Total3.5B3.1B94.5M234M210.6M200.1M
Net Invested Capital17.8B18.2B21.9B21.9B22.9B22.4B
Net Working Capital(513.6M)1.6B2.7B8.4B10.1B10.6B

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