NIIT Total Current Liabilities vs Net Debt Analysis

NIITLTD Stock

223.10 1.48 0.67%

NIIT financial indicator trend analysis is infinitely more than just investigating NIIT Limited recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether NIIT Limited is a good investment. Please check the relationship between NIIT Total Current Liabilities and its Net Debt accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NIIT 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 bureau of economic analysis.

Total Current Liabilities vs Net Debt

Total Current Liabilities vs Net Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of NIIT Limited Total Current Liabilities account and Net Debt. At this time, the significance of the direction appears to have weak contrarian relationship.

The correlation between NIIT's Total Current Liabilities and Net Debt is -0.17. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Net Debt in the same time period over historical financial statements of NIIT Limited, assuming nothing else is changed. The correlation between historical values of NIIT's Total Current Liabilities and Net 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 Total Current Liabilities of NIIT Limited are associated (or correlated) with its Net Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Debt has no effect on the direction of Total Current Liabilities i.e., NIIT's Total Current Liabilities and Net Debt go up and down completely randomly.

Correlation Coefficient

-0.17

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Total Current Liabilities

Total Current Liabilities is an item on NIIT balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of NIIT Limited are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.

Net Debt

The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.

Most indicators from NIIT's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into NIIT Limited 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 NIIT 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 bureau of economic analysis.

The current year's Selling General Administrative is expected to grow to about 822.5 M, whereas Tax Provision is forecasted to decline to about 57 M.

	2021	2022	2023	2024 (projected)
Interest Expense	20.4M	11.6M	9.8M	9.3M
Depreciation And Amortization	153.8M	164.5M	183.5M	174.3M

Interest Expense Depreciation And Amortization

NIIT fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Good Will	Common Stock Shares Outstanding	Short Term Investments	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Intangible Assets	Common Stock	Short Term Debt	Current Deferred Revenue
Total Assets		0.12	0.69	0.69	0.92	0.65	-0.39	0.03	0.69	0.1	0.75	0.74	0.43	0.43	0.49	0.65	-0.05	-0.55	0.35	-0.07	0.51	0.88	0.41	0.21	0.31	0.78
Short Long Term Debt Total	0.12		0.23	0.52	-0.14	-0.18	0.71	0.65	0.02	0.59	-0.31	-0.42	0.52	-0.61	0.48	-0.54	0.92	0.23	0.47	0.71	0.74	-0.17	-0.03	0.58	0.64	-0.22
Other Current Liab	0.69	0.23		0.78	0.56	0.67	-0.28	0.01	0.64	-0.07	0.59	0.46	0.65	0.22	0.3	0.36	0.2	-0.02	0.59	-0.21	0.67	0.68	0.73	0.13	0.62	0.56
Total Current Liabilities	0.69	0.52	0.78		0.45	0.29	-0.17	0.55	0.8	0.38	0.35	0.21	0.88	-0.07	0.47	0.02	0.48	0.02	0.52	0.18	0.95	0.46	0.47	0.39	0.59	0.56
Total Stockholder Equity	0.92	-0.14	0.56	0.45		0.67	-0.51	-0.21	0.58	-0.17	0.89	0.93	0.18	0.58	0.27	0.85	-0.35	-0.68	0.17	-0.24	0.21	0.93	0.34	-0.09	0.12	0.83
Property Plant And Equipment Net	0.65	-0.18	0.67	0.29	0.67		-0.28	-0.4	0.22	-0.3	0.65	0.66	0.18	0.54	0.31	0.71	-0.26	-0.35	0.34	-0.58	0.13	0.74	0.6	0.02	0.43	0.42
Net Debt	-0.39	0.71	-0.28	-0.17	-0.51	-0.28		0.26	-0.69	0.37	-0.6	-0.63	-0.04	-0.7	0.24	-0.58	0.65	0.26	0.12	0.51	0.11	-0.54	-0.28	0.4	0.41	-0.72
Accounts Payable	0.03	0.65	0.01	0.55	-0.21	-0.4	0.26		0.31	0.68	-0.33	-0.46	0.73	-0.62	0.44	-0.63	0.69	0.48	0.05	0.63	0.68	-0.29	-0.1	0.57	0.17	-0.04
Cash	0.69	0.02	0.64	0.8	0.58	0.22	-0.69	0.31		0.1	0.55	0.47	0.61	0.35	0.16	0.28	0.02	-0.13	0.31	-0.02	0.62	0.59	0.39	0.03	0.09	0.81
Non Current Assets Total	0.1	0.59	-0.07	0.38	-0.17	-0.3	0.37	0.68	0.1		-0.39	-0.44	0.37	-0.39	0.65	-0.5	0.57	0.07	-0.08	0.51	0.5	-0.38	-0.4	0.76	0.22	-0.24
Non Currrent Assets Other	0.75	-0.31	0.59	0.35	0.89	0.65	-0.6	-0.33	0.55	-0.39		0.95	0.13	0.56	-0.03	0.88	-0.51	-0.55	0.08	-0.47	0.08	0.88	0.47	-0.36	0.12	0.87
Cash And Short Term Investments	0.74	-0.42	0.46	0.21	0.93	0.66	-0.63	-0.46	0.47	-0.44	0.95		-0.03	0.68	-0.07	0.96	-0.63	-0.67	0.01	-0.51	-0.07	0.9	0.37	-0.43	0.0	0.83
Net Receivables	0.43	0.52	0.65	0.88	0.18	0.18	-0.04	0.73	0.61	0.37	0.13	-0.03		-0.36	0.44	-0.21	0.56	0.44	0.36	0.19	0.88	0.23	0.54	0.45	0.5	0.36
Good Will	0.43	-0.61	0.22	-0.07	0.58	0.54	-0.7	-0.62	0.35	-0.39	0.56	0.68	-0.36		-0.07	0.72	-0.62	-0.62	0.07	-0.49	-0.28	0.58	0.03	-0.35	-0.25	0.44
Common Stock Shares Outstanding	0.49	0.48	0.3	0.47	0.27	0.31	0.24	0.44	0.16	0.65	-0.03	-0.07	0.44	-0.07		-0.1	0.48	-0.1	0.29	0.37	0.54	0.15	-0.04	0.91	0.27	-0.07
Short Term Investments	0.65	-0.54	0.36	0.02	0.85	0.71	-0.58	-0.63	0.28	-0.5	0.88	0.96	-0.21	0.72	-0.1		-0.73	-0.7	-0.05	-0.62	-0.26	0.84	0.36	-0.43	-0.04	0.7
Non Current Liabilities Total	-0.05	0.92	0.2	0.48	-0.35	-0.26	0.65	0.69	0.02	0.57	-0.51	-0.63	0.56	-0.62	0.48	-0.73		0.46	0.52	0.72	0.74	-0.31	-0.02	0.66	0.52	-0.38
Inventory	-0.55	0.23	-0.02	0.02	-0.68	-0.35	0.26	0.48	-0.13	0.07	-0.55	-0.67	0.44	-0.62	-0.1	-0.7	0.46		-0.01	0.19	0.19	-0.54	0.16	0.17	0.02	-0.42
Other Current Assets	0.35	0.47	0.59	0.52	0.17	0.34	0.12	0.05	0.31	-0.08	0.08	0.01	0.36	0.07	0.29	-0.05	0.52	-0.01		0.25	0.59	0.37	0.49	0.27	0.53	0.12
Other Stockholder Equity	-0.07	0.71	-0.21	0.18	-0.24	-0.58	0.51	0.63	-0.02	0.51	-0.47	-0.51	0.19	-0.49	0.37	-0.62	0.72	0.19	0.25		0.41	-0.3	-0.45	0.52	-0.05	-0.3
Total Liab	0.51	0.74	0.67	0.95	0.21	0.13	0.11	0.68	0.62	0.5	0.08	-0.07	0.88	-0.28	0.54	-0.26	0.74	0.19	0.59	0.41		0.24	0.35	0.55	0.64	0.29
Total Current Assets	0.88	-0.17	0.68	0.46	0.93	0.74	-0.54	-0.29	0.59	-0.38	0.88	0.9	0.23	0.58	0.15	0.84	-0.31	-0.54	0.37	-0.3	0.24		0.57	-0.16	0.19	0.83
Intangible Assets	0.41	-0.03	0.73	0.47	0.34	0.6	-0.28	-0.1	0.39	-0.4	0.47	0.37	0.54	0.03	-0.04	0.36	-0.02	0.16	0.49	-0.45	0.35	0.57		-0.11	0.48	0.51
Common Stock	0.21	0.58	0.13	0.39	-0.09	0.02	0.4	0.57	0.03	0.76	-0.36	-0.43	0.45	-0.35	0.91	-0.43	0.66	0.17	0.27	0.52	0.55	-0.16	-0.11		0.24	-0.32
Short Term Debt	0.31	0.64	0.62	0.59	0.12	0.43	0.41	0.17	0.09	0.22	0.12	0.0	0.5	-0.25	0.27	-0.04	0.52	0.02	0.53	-0.05	0.64	0.19	0.48	0.24		0.06
Current Deferred Revenue	0.78	-0.22	0.56	0.56	0.83	0.42	-0.72	-0.04	0.81	-0.24	0.87	0.83	0.36	0.44	-0.07	0.7	-0.38	-0.42	0.12	-0.3	0.29	0.83	0.51	-0.32	0.06

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NIIT Account Relationship Matchups

NIIT fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	20.2B	21.5B	21.1B	11.4B	11.6B	14.1B
Short Long Term Debt Total	1.7B	579.7M	252.3M	128.8M	82.8M	78.7M
Other Current Liab	2.5B	2.5B	2.8B	895.0M	507.8M	482.4M
Total Current Liabilities	4.1B	4.8B	5.6B	1.3B	1.1B	1.1B
Total Stockholder Equity	15.2B	16.4B	15.2B	10.0B	10.3B	8.5B
Property Plant And Equipment Net	2.3B	1.7B	1.6B	1.5B	1.5B	1.5B
Net Debt	807.5M	(1.2B)	(2.8B)	(359.1M)	(305.7M)	(290.4M)
Accounts Payable	957.7M	911.2M	1.3B	369.6M	409.1M	388.7M
Cash	856.4M	1.7B	3.1B	487.9M	388.5M	369.1M
Non Current Assets Total	4.6B	3.8B	4.7B	3.3B	3.5B	6.1B
Non Currrent Assets Other	11.7B	12.6B	11.7B	7.7B	1.5B	1.4B
Cash And Short Term Investments	12.1B	13.9B	12.4B	7.7B	7.2B	4.1B
Net Receivables	3.2B	3.7B	3.8B	570.8M	812.3M	771.7M
Good Will	364.5M	354.5M	1.2B	835.2M	751.7M	680.2M
Common Stock Shares Outstanding	161.1M	143.6M	137.6M	137.6M	136.5M	160.7M
Short Term Investments	11.2B	12.1B	9.4B	7.2B	6.8B	7.1B
Liabilities And Stockholders Equity	20.2B	21.5B	21.1B	11.4B	11.6B	14.1B
Non Current Liabilities Total	858.1M	294.3M	311.5M	96.9M	110.3M	104.8M
Inventory	5.1M	610K	20.6M	7.0M	10.6M	10.0M
Other Current Assets	3.6B	1.6B	3.9B	205.8M	115.5M	109.7M
Other Stockholder Equity	104.4M	171.6M	252.5M	249.0M	277.3M	263.4M
Total Liab	5.0B	5.1B	5.9B	1.4B	1.2B	1.2B
Total Current Assets	15.6B	17.7B	16.4B	8.1B	8.1B	8.1B
Accumulated Other Comprehensive Income	(819.3M)	5.8B	6.0B	5.6B	5.7B	6.0B
Intangible Assets	1.1B	1.1B	963.5M	293.2M	450.8M	576.7M
Common Stock	283.0M	284.7M	267.7M	269.1M	270.1M	326.2M
Short Term Debt	811.9M	300.1M	139.9M	33.3M	19.4M	18.4M
Current Deferred Revenue	2.2B	3.5B	4.0B	438.3M	196.5M	186.7M
Retained Earnings	9.1B	10.2B	8.7B	3.8B	4.1B	4.2B
Other Liab	6.1M	14.6M	199.2M	1.3M	1.2M	1.1M
Net Tangible Assets	13.7B	15.0B	13.0B	8.8B	10.2B	9.9B
Other Assets	1.2B	819.4M	30K	177.9M	160.1M	152.1M
Long Term Debt	927.8M	1.5B	239.2M	77.2M	5.3M	0.0
Short Long Term Debt	539.8M	601.4M	202.5M	85.2M	5.3M	0.0
Property Plant Equipment	2.3B	1.7B	1.6B	1.5B	1.7B	1.7B
Long Term Debt Total	852.0M	279.7M	112.4M	95.6M	86.0M	81.7M
Capital Surpluse	104.4M	171.6M	252.5M	249.0M	224.1M	338.0M
Cash And Equivalents	99M	38M	59.8M	100K	115K	109.3K

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Other Information on Investing in NIIT Stock

Balance Sheet is a snapshot of the financial position of NIIT Limited at a specified time, usually calculated after every quarter, six months, or one year. NIIT Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of NIIT 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 NIIT currently owns. An asset can also be divided into two categories, current and non-current.

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NIIT Total Current Liabilities vs Net Debt Analysis

Total Current Liabilities vs Net Debt

Total Current Liabilities vs Net Debt Correlation Analysis

Correlation Coefficient

Total Current Liabilities

Net Debt

NIIT fundamental ratios Correlations

NIIT Account Relationship Matchups

High Positive Relationship

High Negative Relationship

NIIT fundamental ratios Accounts

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Other Information on Investing in NIIT Stock

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Short Term Investments	+ 0.96	Cash And Short Term Investments
Total Liab	+ 0.95	Total Current Liabilities
Cash And Short Term Investments	+ 0.95	Non Currrent Assets Other
Cash And Short Term Investments	+ 0.93	Total Stockholder Equity
Total Current Assets	+ 0.93	Total Stockholder Equity
Total Stockholder Equity	+ 0.92	Total Assets

Non Current Liabilities Total	- 0.73	Short Term Investments
Current Deferred Revenue	- 0.72	Net Debt
Inventory	- 0.7	Short Term Investments
Good Will	- 0.7	Net Debt
Cash	- 0.69	Net Debt
Inventory	- 0.68	Total Stockholder Equity