Welspun Net Debt vs Property Plant Equipment Analysis

WELCORP Stock   776.35  1.35  0.17%   
Welspun Corp financial indicator trend analysis is more than just analyzing Welspun Corp Limited current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Welspun Corp Limited is a good investment. Please check the relationship between Welspun Corp Net Debt and its Property Plant Equipment accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Welspun Corp 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 persons.

Net Debt vs Property Plant Equipment

Net Debt vs Property Plant Equipment Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Welspun Corp Limited Net Debt account and Property Plant Equipment. At this time, the significance of the direction appears to have strong relationship.
The correlation between Welspun Corp's Net Debt and Property Plant Equipment is 0.63. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Property Plant Equipment in the same time period over historical financial statements of Welspun Corp Limited, assuming nothing else is changed. The correlation between historical values of Welspun Corp's Net Debt and Property Plant Equipment 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 Welspun Corp Limited are associated (or correlated) with its Property Plant Equipment. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Property Plant Equipment has no effect on the direction of Net Debt i.e., Welspun Corp's Net Debt and Property Plant Equipment go up and down completely randomly.

Correlation Coefficient

0.63
Relationship DirectionPositive 
Relationship StrengthSignificant

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.

Property Plant Equipment

Most indicators from Welspun Corp's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Welspun Corp Limited 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 Current Watchlist to better understand how to build diversified portfolios, which includes a position in Welspun Corp 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 persons.
As of 12/23/2024, Issuance Of Capital Stock is likely to grow to about 17.6 M, while Selling General Administrative is likely to drop slightly above 1.5 B.
 2021 2022 2023 2024 (projected)
Gross Profit14.4B25.0B51.6B54.2B
Total Revenue63.3B97.6B173.4B182.1B

Welspun Corp fundamental ratios Correlations

0.880.720.880.870.870.790.850.790.920.540.890.760.560.760.80.73-0.020.870.970.91-0.650.670.350.660.69
0.880.690.650.630.950.970.70.590.940.540.820.580.360.790.960.48-0.260.850.910.67-0.590.560.010.750.63
0.720.690.720.550.660.640.470.540.680.230.690.270.140.640.540.71-0.290.670.740.64-0.40.80.320.420.49
0.880.650.720.70.590.530.770.820.640.310.730.560.50.540.490.950.220.70.890.97-0.530.810.380.40.5
0.870.630.550.70.70.510.650.710.80.480.840.770.590.750.550.550.020.710.730.79-0.590.560.680.510.69
0.870.950.660.590.70.920.720.540.970.490.760.620.450.730.940.44-0.360.750.860.62-0.520.440.150.630.53
0.790.970.640.530.510.920.630.40.890.530.70.550.290.730.970.39-0.280.790.840.55-0.510.45-0.140.740.57
0.850.70.470.770.650.720.630.680.760.490.630.780.50.470.710.66-0.010.740.860.79-0.590.360.130.610.53
0.790.590.540.820.710.540.40.680.630.310.760.510.410.480.450.680.110.650.750.82-0.590.650.50.410.52
0.920.940.680.640.80.970.890.760.630.590.860.690.430.820.920.46-0.330.850.890.68-0.60.50.240.740.69
0.540.540.230.310.480.490.530.490.310.590.440.61-0.010.430.620.16-0.020.60.520.4-0.120.12-0.140.790.69
0.890.820.690.730.840.760.70.630.760.860.440.590.460.930.690.53-0.140.890.830.76-0.740.740.410.680.78
0.760.580.270.560.770.620.550.780.510.690.610.590.590.510.630.410.250.690.680.7-0.570.20.250.630.63
0.560.360.140.50.590.450.290.50.410.43-0.010.460.590.40.340.410.330.330.490.6-0.60.230.390.020.07
0.760.790.640.540.750.730.730.470.480.820.430.930.510.40.690.33-0.260.860.70.58-0.690.640.290.690.77
0.80.960.540.490.550.940.970.710.450.920.620.690.630.340.690.32-0.30.790.830.54-0.540.32-0.130.780.59
0.730.480.710.950.550.440.390.660.680.460.160.530.410.410.330.320.260.510.770.89-0.330.780.380.190.3
-0.02-0.26-0.290.220.02-0.36-0.28-0.010.11-0.33-0.02-0.140.250.33-0.26-0.30.26-0.11-0.020.32-0.020.040.06-0.19-0.11
0.870.850.670.70.710.750.790.740.650.850.60.890.690.330.860.790.51-0.110.860.74-0.780.610.120.880.88
0.970.910.740.890.730.860.840.860.750.890.520.830.680.490.70.830.77-0.020.860.9-0.620.680.170.660.62
0.910.670.640.970.790.620.550.790.820.680.40.760.70.60.580.540.890.320.740.9-0.590.740.410.470.56
-0.65-0.59-0.4-0.53-0.59-0.52-0.51-0.59-0.59-0.6-0.12-0.74-0.57-0.6-0.69-0.54-0.33-0.02-0.78-0.62-0.59-0.42-0.24-0.55-0.6
0.670.560.80.810.560.440.450.360.650.50.120.740.20.230.640.320.780.040.610.680.74-0.420.430.30.52
0.350.010.320.380.680.15-0.140.130.50.24-0.140.410.250.390.29-0.130.380.060.120.170.41-0.240.43-0.180.19
0.660.750.420.40.510.630.740.610.410.740.790.680.630.020.690.780.19-0.190.880.660.47-0.550.3-0.180.89
0.690.630.490.50.690.530.570.530.520.690.690.780.630.070.770.590.3-0.110.880.620.56-0.60.520.190.89
Click cells to compare fundamentals

Welspun Corp Account Relationship Matchups

Welspun Corp fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets79.4B65.2B91.7B153.4B118.5B93.5B
Short Long Term Debt Total10.6B8.3B20.6B33.6B19.5B24.8B
Other Current Liab(2.1B)3.1B3.6B25.2B7.9B7.7B
Total Current Liabilities37.1B19.5B29.1B81.7B39.8B34.2B
Total Stockholder Equity32.2B37.9B44.3B47.3B56.2B31.8B
Property Plant And Equipment Net17.0B18.0B34.1B45.9B44.7B36.5B
Net Debt6.2B6.6B10.1B23.5B11.1B18.3B
Accounts Payable14.4B7.2B9.8B25.7B22.4B14.9B
Cash4.4B1.7B6.4B10.2B8.2B6.3B
Non Current Assets Total22.1B24.4B48.5B56.9B57.6B43.9B
Non Currrent Assets Other1.6B467.5M2.8B1.2B2.9B3.3B
Cash And Short Term Investments9.1B13.2B21.6B22.7B14.7B12.9B
Net Receivables13.6B15.5B8.1B12.6B18.0B12.4B
Common Stock Shares Outstanding264.1M261.6M261.6M262.0M262.4M248.6M
Short Term Investments4.7B11.5B15.2B12.5B6.5B7.4B
Liabilities And Stockholders Equity79.4B65.2B91.7B153.4B118.5B93.5B
Non Current Liabilities Total10.0B7.5B17.4B23.3B21.4B26.3B
Inventory22.7B10.4B10.2B56.9B23.2B19.6B
Other Current Assets13.1B10.7B41.2M7.5B5.0B5.4B
Other Stockholder Equity7.2B10.1B10.1B17.0B8.7B11.9B
Total Liab47.1B27.1B46.4B105.0B61.2B60.5B
Total Current Assets57.4B40.9B43.2B96.5B60.9B49.6B
Accumulated Other Comprehensive Income(13.1B)4.3B4.6B1.1B10.7B11.2B
Short Term Debt5.0B3.9B6.1B14.0B2.9B4.6B
Retained Earnings20.5B26.6B28.3B29.0B35.2B23.1B
Intangible Assets97.0M70.4M69.7M137.4M122.2M116.1M
Current Deferred Revenue17.0B7.1B9.5B10.2B6.5B7.2B
Other Liab4.5B2.8B2.9B3.7B3.3B4.5B
Net Tangible Assets32.1B37.9B40.8B43.6B50.1B35.5B
Other Assets1.8B1.4B3.6B1.1B1.2B2.3B
Long Term Debt5.1B4.4B14.3B19.3B16.2B12.4B
Short Long Term Debt4.8B1.2B5.9B13.9B2.9B5.7B
Property Plant Equipment16.8B17.4B33.3B45.9B41.3B26.3B
Long Term Debt Total5.6B4.8B14.5B19.6B17.7B10.2B
Capital Surpluse7.2B6.5M10.1B10.2B11.7B8.0B
Non Current Liabilities Other3.6B1.3B1.1B20.1M18.1M17.2M

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