| MAZDOCK Stock | | | 4,724 314.70 6.25% |
Mazagon Dock financial indicator trend analysis is infinitely more than just investigating Mazagon Dock Shipbuilders recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Mazagon Dock Shipbuilders is a good investment. Please check the relationship between Mazagon Dock Non Current Assets Total and its Accounts Payable accounts. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mazagon Dock Shipbuilders. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in persons.
Non Current Assets Total vs Accounts Payable
Non Current Assets Total vs Accounts Payable Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Mazagon Dock Shipbuilders Non Current Assets Total account and
Accounts Payable. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Mazagon Dock's Non Current Assets Total and Accounts Payable is 0.82. Overlapping area represents the amount of variation of Non Current Assets Total that can explain the historical movement of Accounts Payable in the same time period over historical financial statements of Mazagon Dock Shipbuilders, assuming nothing else is changed. The correlation between historical values of Mazagon Dock's Non Current Assets Total and Accounts Payable 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 Current Assets Total of Mazagon Dock Shipbuilders are associated (or correlated) with its Accounts Payable. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Accounts Payable has no effect on the direction of Non Current Assets Total i.e., Mazagon Dock's Non Current Assets Total and Accounts Payable go up and down completely randomly.
Correlation Coefficient | 0.82 |
| Relationship Direction | Positive |
| Relationship Strength | Strong |
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.
Accounts Payable
An accounting item on the balance sheet that represents Mazagon Dock obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Mazagon Dock Shipbuilders are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.
Most indicators from Mazagon Dock's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Mazagon Dock Shipbuilders 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
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mazagon Dock Shipbuilders. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in persons.
The value of
Selling General Administrative is expected to slide to about 911.2
M. The value of
Tax Provision is estimated to slide to about 3.5
BMazagon Dock fundamental ratios Correlations
Click cells to compare fundamentals
Mazagon Dock Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Mazagon Dock fundamental ratios Accounts
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Other Information on Investing in Mazagon Stock
Balance Sheet is a snapshot of the
financial position of Mazagon Dock Shipbuilders at a specified time, usually calculated after every quarter, six months, or one year. Mazagon Dock Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Mazagon Dock 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 Mazagon currently owns. An asset can also be divided into two categories, current and non-current.