Jindal Good Will vs Accounts Payable Analysis

JINDALSAW   306.60  0.10  0.03%   
Jindal Saw financial indicator trend analysis is infinitely more than just investigating Jindal Saw Limited recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Jindal Saw Limited is a good investment. Please check the relationship between Jindal Saw Good Will and its Accounts Payable accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Jindal Saw 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.

Good Will vs Accounts Payable

Good Will vs Accounts Payable Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Jindal Saw Limited Good Will account and Accounts Payable. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Jindal Saw's Good Will and Accounts Payable is -0.19. Overlapping area represents the amount of variation of Good Will that can explain the historical movement of Accounts Payable in the same time period over historical financial statements of Jindal Saw Limited, assuming nothing else is changed. The correlation between historical values of Jindal Saw's Good Will and Accounts Payable is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Good Will of Jindal Saw Limited are associated (or correlated) with its Accounts Payable. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Accounts Payable has no effect on the direction of Good Will i.e., Jindal Saw's Good Will and Accounts Payable go up and down completely randomly.

Correlation Coefficient

-0.19
Relationship DirectionNegative 
Relationship StrengthInsignificant

Good Will

An intangible asset that arises when a company acquires another business for more than the fair market value of its net identifiable assets, representing the value of the brand, customer base, and other intangible factors.

Accounts Payable

An accounting item on the balance sheet that represents Jindal Saw obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Jindal Saw Limited are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.
Most indicators from Jindal Saw's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Jindal Saw 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Jindal Saw 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.
At this time, Jindal Saw's Selling General Administrative is comparatively stable compared to the past year. Tax Provision is likely to gain to about 6.5 B in 2024, whereas Discontinued Operations is likely to drop (129.6 M) in 2024.
 2021 2022 2023 2024 (projected)
Interest Expense3.4B6.4B6.8B3.9B
Depreciation And Amortization4.7B4.7B5.7B2.9B

Jindal Saw fundamental ratios Correlations

0.680.760.960.760.950.630.650.560.390.960.560.220.740.720.560.930.67-0.040.970.940.82-0.060.85-0.350.64
0.680.230.530.320.820.990.28-0.060.110.740.270.10.230.310.960.480.88-0.060.80.540.650.250.89-0.270.24
0.760.230.840.640.590.160.530.610.490.670.50.520.710.520.040.80.210.050.680.80.56-0.090.49-0.050.48
0.960.530.840.730.830.470.70.660.410.870.520.270.80.660.370.970.54-0.080.930.970.7-0.090.77-0.330.6
0.760.320.640.730.680.260.830.840.680.720.710.190.650.70.230.770.41-0.050.660.740.86-0.270.62-0.290.67
0.950.820.590.830.680.780.510.350.280.990.550.120.570.650.730.790.780.020.940.810.84-0.020.88-0.370.63
0.630.990.160.470.260.780.21-0.110.010.710.210.020.190.230.970.420.88-0.030.750.470.620.270.85-0.280.23
0.650.280.530.70.830.510.210.830.710.540.670.230.560.620.190.740.44-0.170.620.720.64-0.280.62-0.430.49
0.56-0.060.610.660.840.35-0.110.830.620.420.580.160.730.56-0.130.70.12-0.170.470.680.52-0.250.31-0.190.56
0.390.110.490.410.680.280.010.710.620.290.590.610.360.590.030.470.14-0.290.330.480.42-0.160.380.090.15
0.960.740.670.870.720.990.710.540.420.290.610.090.580.620.630.820.740.060.940.820.86-0.070.86-0.440.71
0.560.270.50.520.710.550.210.670.580.590.610.030.250.490.240.470.440.150.50.460.64-0.210.47-0.410.71
0.220.10.520.270.190.120.020.230.160.610.090.030.360.34-0.010.33-0.12-0.180.210.370.12-0.090.160.39-0.17
0.740.230.710.80.650.570.190.560.730.360.580.250.360.650.140.840.15-0.050.690.880.52-0.120.430.060.42
0.720.310.520.660.70.650.230.620.560.590.620.490.340.650.240.760.32-0.090.610.750.5-0.160.49-0.060.38
0.560.960.040.370.230.730.970.19-0.130.030.630.24-0.010.140.240.320.87-0.070.680.40.580.320.77-0.230.22
0.930.480.80.970.770.790.420.740.70.470.820.470.330.840.760.320.49-0.120.890.980.69-0.140.75-0.290.54
0.670.880.210.540.410.780.880.440.120.140.740.44-0.120.150.320.870.49-0.220.770.520.630.320.85-0.480.4
-0.04-0.060.05-0.08-0.050.02-0.03-0.17-0.17-0.290.060.15-0.18-0.05-0.09-0.07-0.12-0.22-0.09-0.150.14-0.17-0.10.050.08
0.970.80.680.930.660.940.750.620.470.330.940.50.210.690.610.680.890.77-0.090.920.780.050.91-0.350.56
0.940.540.80.970.740.810.470.720.680.480.820.460.370.880.750.40.980.52-0.150.920.67-0.040.76-0.20.5
0.820.650.560.70.860.840.620.640.520.420.860.640.120.520.50.580.690.630.140.780.67-0.160.79-0.360.69
-0.060.25-0.09-0.09-0.27-0.020.27-0.28-0.25-0.16-0.07-0.21-0.09-0.12-0.160.32-0.140.32-0.170.05-0.04-0.160.060.47-0.39
0.850.890.490.770.620.880.850.620.310.380.860.470.160.430.490.770.750.85-0.10.910.760.790.06-0.410.39
-0.35-0.27-0.05-0.33-0.29-0.37-0.28-0.43-0.190.09-0.44-0.410.390.06-0.06-0.23-0.29-0.480.05-0.35-0.2-0.360.47-0.41-0.65
0.640.240.480.60.670.630.230.490.560.150.710.71-0.170.420.380.220.540.40.080.560.50.69-0.390.39-0.65
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Jindal Saw Account Relationship Matchups

Jindal Saw fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets154.7B162.3B168.5B182.6B210.2B118.8B
Short Long Term Debt Total56.5B53.3B60.3B49.2B57.3B45.7B
Other Current Liab12.2B13.0B13.3B12.8B13.8B7.3B
Total Current Liabilities58.4B63.5B71.4B80.4B83.3B41.6B
Total Stockholder Equity67.6B69.8B73.6B79.2B100.9B106.0B
Property Plant And Equipment Net79.0B77.1B76.4B76.6B94.5B55.6B
Net Debt54.8B47.9B55.4B48.4B49.9B42.2B
Retained Earnings27.4B29.7B33.2B38.2B54.5B57.2B
Accounts Payable14.0B19.4B15.4B30.0B29.5B31.0B
Cash1.7B5.5B5.0B775.6M7.4B7.8B
Non Current Assets Total96.6B95.1B95.3B93.5B107.2B63.7B
Non Currrent Assets Other12.3B13.2B6.2B3.4B10.3B10.8B
Cash And Short Term Investments1.7B6.2B5.1B2.4B7.5B4.5B
Net Receivables18.8B21.6B19.6B38.4B36.6B21.5B
Common Stock Shares Outstanding319.7M318.1M317.8M317.7M636.7M333.9M
Liabilities And Stockholders Equity154.7B162.3B168.5B182.6B210.2B118.8B
Non Current Liabilities Total33.5B33.3B28.6B29.3B33.3B30.5B
Inventory26.9B29.2B37.6B41.0B49.0B24.5B
Other Current Assets9.2B8.6B8.8B7.5B8.5B7.5B
Other Stockholder Equity67.0B6.3B6.3B6.3B6.3B6.0B
Total Liab91.9B96.9B100.0B109.8B116.5B72.1B
Total Current Assets58.2B67.1B73.2B89.1B103.0B54.9B
Accumulated Other Comprehensive Income33.2B33.2B33.6B34.1B39.5B41.5B
Intangible Assets124.1M107.7M99.6M79.3M61.3M58.2M
Short Term Debt30.3B28.0B39.8B29.7B34.9B29.3B
Current Deferred Revenue5.5B7.5B2.7B6.0B4.5B3.8B
Short Term Investments47.3M693.5M132.0M1.6B67.0M63.6M
Other Liab7.3B8.0B8.1B9.9B11.4B8.3B
Net Tangible Assets67.5B69.7B73.5B79.1B91.0B65.9B
Other Assets16.0B3K1K4.2B104K98.8K
Long Term Debt23.6B23.0B18.3B17.3B21.1B22.9B
Short Long Term Debt30.1B20.9B39.5B29.5B34.8B31.5B
Property Plant Equipment79.0B77.1B76.4B76.6B88.1B83.6B
Long Term Debt Total26.1B25.3B20.5B13.3B12.0B20.3B
Capital Lease Obligations2.8B2.5B2.4B2.4B1.7B1.8B

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