Vibhor Short Term Debt vs Non Currrent Assets Other Analysis

VSTL Stock   245.50  1.84  0.74%   
Vibhor Steel financial indicator trend analysis is much more than just breaking down Vibhor Steel Tubes prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Vibhor Steel Tubes is a good investment. Please check the relationship between Vibhor Steel Short Term Debt and its Non Currrent Assets Other accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Vibhor 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 board of governors.

Short Term Debt vs Non Currrent Assets Other

Short Term Debt vs Non Currrent Assets Other Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Vibhor Steel Tubes Short Term Debt account and Non Currrent Assets Other. At this time, the significance of the direction appears to have strong relationship.
The correlation between Vibhor Steel's Short Term Debt and Non Currrent Assets Other is 0.6. Overlapping area represents the amount of variation of Short Term Debt that can explain the historical movement of Non Currrent Assets Other in the same time period over historical financial statements of Vibhor Steel Tubes, assuming nothing else is changed. The correlation between historical values of Vibhor Steel's Short Term Debt and Non Currrent Assets Other 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 Term Debt of Vibhor Steel Tubes are associated (or correlated) with its Non Currrent Assets Other. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Currrent Assets Other has no effect on the direction of Short Term Debt i.e., Vibhor Steel's Short Term Debt and Non Currrent Assets Other go up and down completely randomly.

Correlation Coefficient

0.6
Relationship DirectionPositive 
Relationship StrengthSignificant

Short Term Debt

Non Currrent Assets Other

Assets that are not physical or tangible, expected to provide value for more than one year, and not easily converted into cash, such as long-term investments or patents.
Most indicators from Vibhor Steel's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Vibhor 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Vibhor 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 board of governors.
Selling General Administrative is likely to gain to about 222.3 M in 2024, whereas Tax Provision is likely to drop slightly above 53.8 M in 2024.
 2021 2022 2023 2024 (projected)
Gross Profit560.9M1.0B1.1B833.1M
Total Revenue8.2B11.1B10.7B9.0B

Vibhor Steel fundamental ratios Correlations

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0.87-0.30.930.70.590.761.00.850.80.780.590.550.750.920.54-0.380.870.840.990.920.920.540.870.790.88
-0.22-0.3-0.52-0.180.08-0.76-0.28-0.38-0.13-0.420.060.0-0.74-0.090.040.86-0.07-0.67-0.26-0.29-0.590.04-0.54-0.35-0.47
0.920.93-0.520.80.650.930.930.940.860.80.660.660.930.80.65-0.670.860.860.950.950.990.650.980.820.98
0.960.7-0.180.80.960.690.70.950.960.480.970.840.740.630.95-0.470.930.530.790.920.750.950.810.750.9
0.890.590.080.650.960.480.60.850.910.31.00.850.540.590.97-0.260.890.350.690.830.580.970.640.690.77
0.770.76-0.760.930.690.480.750.850.710.740.50.581.00.580.53-0.890.650.850.770.810.950.530.940.730.91
0.871.0-0.280.930.70.60.750.850.790.740.610.550.740.940.54-0.360.880.840.990.920.910.540.850.820.88
0.980.85-0.380.940.950.850.850.850.930.60.860.790.880.770.83-0.610.920.770.90.970.910.830.910.880.99
0.980.8-0.130.860.960.910.710.790.930.670.910.860.740.680.92-0.430.970.520.880.960.80.920.880.680.91
0.650.78-0.420.80.480.30.740.740.60.670.310.420.710.510.37-0.490.630.560.780.720.790.370.860.330.71
0.90.590.060.660.971.00.50.610.860.910.310.850.560.590.97-0.280.890.370.70.840.590.970.660.70.78
0.80.550.00.660.840.850.580.550.790.860.420.850.620.560.94-0.470.750.360.650.760.60.940.690.640.73
0.80.75-0.740.930.740.541.00.740.880.740.710.560.620.580.59-0.880.680.840.770.830.950.590.940.760.93
0.790.92-0.090.80.630.590.580.940.770.680.510.590.560.580.51-0.220.80.80.90.810.780.510.670.870.76
0.870.540.040.650.950.970.530.540.830.920.370.970.940.590.51-0.370.850.30.660.810.581.00.680.620.76
-0.46-0.380.86-0.67-0.47-0.26-0.89-0.36-0.61-0.43-0.49-0.28-0.47-0.88-0.22-0.37-0.29-0.65-0.4-0.5-0.7-0.37-0.71-0.51-0.66
0.980.87-0.070.860.930.890.650.880.920.970.630.890.750.680.80.85-0.290.590.930.970.80.850.840.750.9
0.670.84-0.670.860.530.350.850.840.770.520.560.370.360.840.80.3-0.650.590.790.740.910.30.760.870.81
0.930.99-0.260.950.790.690.770.990.90.880.780.70.650.770.90.66-0.40.930.790.960.920.660.90.790.92
0.990.92-0.290.950.920.830.810.920.970.960.720.840.760.830.810.81-0.50.970.740.960.920.810.930.820.98
0.870.92-0.590.990.750.580.950.910.910.80.790.590.60.950.780.58-0.70.80.910.920.920.580.960.820.96
0.870.540.040.650.950.970.530.540.830.920.370.970.940.590.511.0-0.370.850.30.660.810.580.680.620.76
0.90.87-0.540.980.810.640.940.850.910.880.860.660.690.940.670.68-0.710.840.760.90.930.960.680.70.96
0.810.79-0.350.820.750.690.730.820.880.680.330.70.640.760.870.62-0.510.750.870.790.820.820.620.70.84
0.960.88-0.470.980.90.770.910.880.990.910.710.780.730.930.760.76-0.660.90.810.920.980.960.760.960.84
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Vibhor Steel Account Relationship Matchups

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