TMB Stock | | | 501.35 4.35 0.88% |
Tamilnad Mercantile financial indicator trend analysis is much more than just breaking down Tamilnad Mercantile Bank prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Tamilnad Mercantile Bank is a good investment. Please check the relationship between Tamilnad Mercantile Short Long Term Debt Total and its Cash accounts. Check out
World Market Map to better understand how to build diversified portfolios, which includes a position in Tamilnad Mercantile Bank. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
Short Long Term Debt Total vs Cash
Short Long Term Debt Total vs Cash Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Tamilnad Mercantile Bank Short Long Term Debt Total account and
Cash. At this time, the significance of the direction appears to have weak relationship.
The correlation between Tamilnad Mercantile's Short Long Term Debt Total and Cash is 0.37. Overlapping area represents the amount of variation of Short Long Term Debt Total that can explain the historical movement of Cash in the same time period over historical financial statements of Tamilnad Mercantile Bank, assuming nothing else is changed. The correlation between historical values of Tamilnad Mercantile's Short Long Term Debt Total and Cash is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Short Long Term Debt Total of Tamilnad Mercantile Bank are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Short Long Term Debt Total i.e., Tamilnad Mercantile's Short Long Term Debt Total and Cash go up and down completely randomly.
Correlation Coefficient | 0.37 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Short Long Term Debt Total
Cash
Cash refers to the most liquid asset of Tamilnad Mercantile Bank, which is listed under current asset account on Tamilnad Mercantile Bank balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Tamilnad Mercantile customers. The amounts must be unrestricted with restricted cash listed in a different Tamilnad Mercantile 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.
Most indicators from Tamilnad Mercantile's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Tamilnad Mercantile Bank 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 Tamilnad Mercantile Bank. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
The current year's
Tax Provision is expected to grow to about 3.6
B, whereas
Selling General Administrative is forecasted to decline to about 27.9
M.
Tamilnad Mercantile fundamental ratios Correlations
Click cells to compare fundamentals
Tamilnad Mercantile Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Tamilnad Mercantile fundamental ratios Accounts
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Other Information on Investing in Tamilnad Stock
Balance Sheet is a snapshot of the
financial position of Tamilnad Mercantile Bank at a specified time, usually calculated after every quarter, six months, or one year. Tamilnad Mercantile Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Tamilnad Mercantile 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 Tamilnad currently owns. An asset can also be divided into two categories, current and non-current.