Blue Cash vs Total Liab Analysis
BLUEJET Stock | 519.40 3.65 0.70% |
Blue Jet financial indicator trend analysis is way more than just evaluating Blue Jet Healthcare prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Blue Jet Healthcare is a good investment. Please check the relationship between Blue Jet Cash and its Total Liab accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Blue Jet Healthcare. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in inflation.
Cash vs Total Liab
Cash vs Total Liab Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Blue Jet Healthcare Cash account and Total Liab. At this time, the significance of the direction appears to have strong relationship.
The correlation between Blue Jet's Cash and Total Liab is 0.73. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Total Liab in the same time period over historical financial statements of Blue Jet Healthcare, assuming nothing else is changed. The correlation between historical values of Blue Jet's Cash and Total Liab is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash of Blue Jet Healthcare are associated (or correlated) with its Total Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Liab has no effect on the direction of Cash i.e., Blue Jet's Cash and Total Liab go up and down completely randomly.
Correlation Coefficient | 0.73 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Cash
Cash refers to the most liquid asset of Blue Jet Healthcare, which is listed under current asset account on Blue Jet Healthcare balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Blue Jet customers. The amounts must be unrestricted with restricted cash listed in a different Blue Jet 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.Total Liab
The total amount of all liabilities that a company has, including both short-term and long-term liabilities.Most indicators from Blue Jet's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Blue Jet Healthcare 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Blue Jet Healthcare. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in inflation. Tax Provision is likely to drop to about 612.7 M in 2024. Selling General Administrative is likely to drop to about 64.9 M in 2024
2021 | 2022 | 2023 | 2024 (projected) | Total Revenue | 6.8B | 7.2B | 7.1B | 6.9B | Depreciation And Amortization | 221.5M | 250.7M | 280.9M | 248.4M |
Blue Jet fundamental ratios Correlations
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Blue Jet Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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When running Blue Jet's price analysis, check to measure Blue Jet'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 Blue Jet is operating at the current time. Most of Blue Jet's value examination focuses on studying past and present price action to predict the probability of Blue Jet's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Blue Jet's price. Additionally, you may evaluate how the addition of Blue Jet to your portfolios can decrease your overall portfolio volatility.