Jindal Saw Limited Stock Cash And Equivalents

JINDALSAW   306.60  0.10  0.03%   
Jindal Saw Limited fundamentals help investors to digest information that contributes to Jindal Saw's financial success or failures. It also enables traders to predict the movement of Jindal Stock. The fundamental analysis module provides a way to measure Jindal Saw's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Jindal Saw stock.
Last ReportedProjected for Next Year
Cash And Equivalents23.9 M22.7 M
Cash And Equivalents is likely to drop to about 22.7 M in 2024.
  
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Jindal Saw Limited Company Cash And Equivalents Analysis

Jindal Saw's Cash or Cash Equivalents are the most liquid of all assets found on the company's balance sheet. It is used in calculating many of the firm's liquidity ratios and is a good indicator of the overall financial health of a company. Companies with a lot of cash are usually attractive takeover targets. Cash Equivalents are balance sheet items that are typically reported using currency printed on notes.

Cash

 = 

Bank Deposits

+

Liquidities

More About Cash And Equivalents | All Equity Analysis

Current Jindal Saw Cash And Equivalents

    
  20.75 M  
Most of Jindal Saw's fundamental indicators, such as Cash And Equivalents, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Jindal Saw Limited is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Cash equivalents represent current assets that are easily convertible to cash such as short term bonds, savings account, money market funds, or certificate of deposits (CDs). One of the important consideration companies make when classifying assets as cash equivalent is that investments they report on their balance sheets under current assets should have almost no risk of change in value over the next few months (usually three months).
Competition

In accordance with the recently published financial statements, Jindal Saw Limited has 20.75 M in Cash And Equivalents. This is 95.76% lower than that of the Metals & Mining sector and 97.84% lower than that of the Materials industry. The cash and equivalents for all India stocks is 99.23% higher than that of the company.

Jindal Cash And Equivalents Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Jindal Saw's direct or indirect competition against its Cash And Equivalents to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Jindal Saw could also be used in its relative valuation, which is a method of valuing Jindal Saw by comparing valuation metrics of similar companies.
Jindal Saw is currently under evaluation in cash and equivalents category among its peers.

Jindal Fundamentals

About Jindal Saw Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Jindal Saw Limited's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Jindal Saw using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Jindal Saw Limited based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.

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Additional Tools for Jindal Stock Analysis

When running Jindal Saw's price analysis, check to measure Jindal Saw's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Jindal Saw is operating at the current time. Most of Jindal Saw's value examination focuses on studying past and present price action to predict the probability of Jindal Saw's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Jindal Saw's price. Additionally, you may evaluate how the addition of Jindal Saw to your portfolios can decrease your overall portfolio volatility.