RAMASTEEL | | | 13.52 0.17 1.24% |
Rama Steel financial indicator trend analysis is much more than just breaking down Rama Steel Tubes prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Rama Steel Tubes is a good investment. Please check the relationship between Rama Steel Net Tangible Assets and its Long Term Debt accounts. Check out
Your Equity Center to better understand how to build diversified portfolios, which includes a position in Rama Steel Tubes. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in state.
Net Tangible Assets vs Long Term Debt
Net Tangible Assets vs Long Term Debt Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Rama Steel Tubes Net Tangible Assets account and
Long Term Debt. At this time, the significance of the direction appears to have strong relationship.
The correlation between Rama Steel's Net Tangible Assets and Long Term Debt is 0.74. Overlapping area represents the amount of variation of Net Tangible Assets that can explain the historical movement of Long Term Debt in the same time period over historical financial statements of Rama Steel Tubes, assuming nothing else is changed. The correlation between historical values of Rama Steel's Net Tangible Assets 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 Net Tangible Assets of Rama Steel Tubes 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 Net Tangible Assets i.e., Rama Steel's Net Tangible Assets and Long Term Debt go up and down completely randomly.
Correlation Coefficient | 0.74 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Net Tangible Assets
The total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company.
Long Term Debt
Long-term debt is a debt that Rama Steel Tubes has held for over one year. Long-term debt appears on Rama Steel Tubes 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 Rama Steel Tubes 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 Rama Steel's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Rama Steel Tubes 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 Rama Steel Tubes. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in state.
The current year's
Selling General Administrative is expected to grow to about 150.5
M, whereas
Tax Provision is forecasted to decline to about 48
M.
Rama Steel fundamental ratios Correlations
Click cells to compare fundamentals
Rama Steel Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Rama Steel fundamental ratios Accounts
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Other Information on Investing in Rama Stock
Balance Sheet is a snapshot of the
financial position of Rama Steel Tubes at a specified time, usually calculated after every quarter, six months, or one year. Rama Steel Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Rama Steel 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 Rama currently owns. An asset can also be divided into two categories, current and non-current.