| RAJMET Stock | | | 10.13 0.08 0.78% |
Rajnandini Metal financial indicator trend analysis is much more than just breaking down Rajnandini Metal prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Rajnandini Metal is a good investment. Please check the relationship between Rajnandini Metal Total Revenue and its Interest Expense accounts. Check out
Your Equity Center to better understand how to build diversified portfolios, which includes a position in Rajnandini Metal 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 income.
Total Revenue vs Interest Expense
Total Revenue vs Interest Expense Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Rajnandini Metal Total Revenue account and
Interest Expense. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Rajnandini Metal's Total Revenue and Interest Expense is 0.9. Overlapping area represents the amount of variation of Total Revenue that can explain the historical movement of Interest Expense in the same time period over historical financial statements of Rajnandini Metal Limited, assuming nothing else is changed. The correlation between historical values of Rajnandini Metal's Total Revenue and Interest Expense 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 Revenue of Rajnandini Metal Limited are associated (or correlated) with its Interest Expense. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Interest Expense has no effect on the direction of Total Revenue i.e., Rajnandini Metal's Total Revenue and Interest Expense go up and down completely randomly.
Correlation Coefficient | 0.9 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
Total Revenue
Total revenue comprises all receipts Rajnandini Metal generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.
Interest Expense
The cost incurred by an entity for borrowed funds, including loans, bonds, or lines of credit.
Most indicators from Rajnandini Metal's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Rajnandini Metal 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
Your Equity Center to better understand how to build diversified portfolios, which includes a position in Rajnandini Metal 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 income.
The current year's
Selling General Administrative is expected to grow to about 12.3
M. The current year's
Tax Provision is expected to grow to about 23.9
MRajnandini Metal fundamental ratios Correlations
Click cells to compare fundamentals
Rajnandini Metal Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Rajnandini Metal fundamental ratios Accounts
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Other Information on Investing in Rajnandini Stock
Balance Sheet is a snapshot of the
financial position of Rajnandini Metal at a specified time, usually calculated after every quarter, six months, or one year. Rajnandini Metal Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Rajnandini Metal 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 Rajnandini currently owns. An asset can also be divided into two categories, current and non-current.