ULTRACEMCO | | | 11,767 95.40 0.80% |
UltraTech Cement financial indicator trend analysis is much more than just breaking down UltraTech Cement prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether UltraTech Cement is a good investment. Please check the relationship between UltraTech Cement Net Debt and its Common Stock Shares Outstanding accounts. Check out
World Market Map to better understand how to build diversified portfolios, which includes a position in UltraTech Cement 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 nation.
Net Debt vs Common Stock Shares Outstanding
Net Debt vs Common Stock Shares Outstanding Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
UltraTech Cement Net Debt account and
Common Stock Shares Outstanding. At this time, the significance of the direction appears to have very week relationship.
The correlation between UltraTech Cement's Net Debt and Common Stock Shares Outstanding is 0.21. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Common Stock Shares Outstanding in the same time period over historical financial statements of UltraTech Cement Limited, assuming nothing else is changed. The correlation between historical values of UltraTech Cement's Net Debt and Common Stock Shares Outstanding 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 Debt of UltraTech Cement Limited are associated (or correlated) with its Common Stock Shares Outstanding. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock Shares Outstanding has no effect on the direction of Net Debt i.e., UltraTech Cement's Net Debt and Common Stock Shares Outstanding go up and down completely randomly.
Correlation Coefficient | 0.21 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
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.
Common Stock Shares Outstanding
The total number of shares of a company's common stock that are currently owned by all its shareholders.
Most indicators from UltraTech Cement's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into UltraTech Cement 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 UltraTech Cement 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 nation.
As of December 4, 2024,
Selling General Administrative is expected to decline to about 1.7
B. In addition to that,
Tax Provision is expected to decline to about 14.9
BUltraTech Cement fundamental ratios Correlations
Click cells to compare fundamentals
UltraTech Cement Account Relationship Matchups
High Positive Relationship
High Negative Relationship
UltraTech Cement fundamental ratios Accounts
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Other Information on Investing in UltraTech Stock
Balance Sheet is a snapshot of the
financial position of UltraTech Cement at a specified time, usually calculated after every quarter, six months, or one year. UltraTech Cement Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of UltraTech Cement 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 UltraTech currently owns. An asset can also be divided into two categories, current and non-current.