SUKHJITS | | | 268.68 5.19 1.97% |
Sukhjit Starch financial indicator trend analysis is much more than just breaking down Sukhjit Starch Chemicals prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Sukhjit Starch Chemicals is a good investment. Please check the relationship between Sukhjit Starch Cash and its Total Liab accounts. Check out
World Market Map to better understand how to build diversified portfolios, which includes a position in Sukhjit Starch Chemicals. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in inflation.
Cash vs Total Liab
Cash vs Total Liab Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Sukhjit Starch Chemicals Cash account and
Total Liab. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Sukhjit Starch's Cash and Total Liab is -0.07. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Total Liab in the same time period over historical financial statements of Sukhjit Starch Chemicals, assuming nothing else is changed. The correlation between historical values of Sukhjit Starch's Cash and Total Liab is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash of Sukhjit Starch Chemicals are associated (or correlated) with its Total Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Liab has no effect on the direction of Cash i.e., Sukhjit Starch's Cash and Total Liab go up and down completely randomly.
Correlation Coefficient | -0.07 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Cash
Cash refers to the most liquid asset of Sukhjit Starch Chemicals, which is listed under current asset account on Sukhjit Starch Chemicals balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Sukhjit Starch customers. The amounts must be unrestricted with restricted cash listed in a different Sukhjit Starch account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.
Total Liab
The total amount of all liabilities that a company has, including both short-term and long-term liabilities.
Most indicators from Sukhjit Starch's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Sukhjit Starch Chemicals 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
World Market Map to better understand how to build diversified portfolios, which includes a position in Sukhjit Starch Chemicals. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in inflation.
Selling General Administrative is likely to drop to about 197.4
M in 2024.
Tax Provision is likely to drop to about 161.7
M in 2024
Sukhjit Starch fundamental ratios Correlations
Click cells to compare fundamentals
Sukhjit Starch Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Sukhjit Starch fundamental ratios Accounts
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