Jindal Cash And Short Term Investments vs Short Term Debt Analysis

JINDALSTEL

878.95 7.75 0.89%

Jindal Steel financial indicator trend analysis is infinitely more than just investigating Jindal Steel Power recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Jindal Steel Power is a good investment. Please check the relationship between Jindal Steel Cash And Short Term Investments and its Short Term Debt accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Jindal Steel Power. 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.

Cash And Short Term Investments vs Short Term Debt

Cash And Short Term Investments vs Short Term Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Jindal Steel Power Cash And Short Term Investments account and Short Term Debt. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Jindal Steel's Cash And Short Term Investments and Short Term Debt is -0.33. Overlapping area represents the amount of variation of Cash And Short Term Investments that can explain the historical movement of Short Term Debt in the same time period over historical financial statements of Jindal Steel Power, assuming nothing else is changed. The correlation between historical values of Jindal Steel's Cash And Short Term Investments and Short Term Debt 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 And Short Term Investments of Jindal Steel Power are associated (or correlated) with its Short Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Term Debt has no effect on the direction of Cash And Short Term Investments i.e., Jindal Steel's Cash And Short Term Investments and Short Term Debt go up and down completely randomly.

Correlation Coefficient

-0.33

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Cash And Short Term Investments

Short Term Investments is an account in the current assets section of Jindal Steel Power balance sheet. This account contains Jindal Steel investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Jindal Steel Power fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.

Short Term Debt

Most indicators from Jindal Steel's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Jindal Steel Power 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 Steel Power. 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.

Selling General Administrative is likely to drop to about 929.3 M in 2024. Tax Provision is likely to drop to about 2.8 B in 2024

	2021	2022	2023	2024 (projected)
Interest Expense	18.2B	14.5B	12.9B	19.7B
Depreciation And Amortization	21.0B	26.9B	28.2B	23.2B

Interest Expense Depreciation And Amortization

Jindal Steel fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Intangible Assets	Common Stock	Good Will	Short Term Debt	Current Deferred Revenue	Retained Earnings
Total Assets		0.7	0.11	0.89	0.76	0.97	0.63	0.72	0.14	0.98	-0.24	0.16	0.32	-0.04	0.79	0.73	0.38	-0.29	0.9	0.64	0.78	0.83	0.71	0.55	0.18	0.39
Short Long Term Debt Total	0.7		-0.25	0.56	0.09	0.74	0.97	0.11	-0.34	0.77	-0.15	-0.3	0.36	-0.06	0.98	0.09	0.17	-0.28	0.92	0.12	0.69	0.42	0.83	0.89	-0.18	-0.31
Other Current Liab	0.11	-0.25		0.43	0.23	-0.03	-0.21	0.18	-0.08	-0.02	0.3	-0.12	0.28	-0.04	-0.24	0.41	0.69	0.04	-0.03	0.53	-0.06	0.31	0.0	-0.3	0.38	0.14
Total Current Liabilities	0.89	0.56	0.43		0.66	0.8	0.52	0.63	0.08	0.82	-0.04	0.07	0.51	-0.04	0.62	0.74	0.58	-0.32	0.81	0.77	0.58	0.85	0.69	0.44	0.32	0.26
Total Stockholder Equity	0.76	0.09	0.23	0.66		0.7	0.02	0.86	0.53	0.68	-0.21	0.54	0.1	-0.02	0.24	0.9	0.24	-0.11	0.41	0.71	0.48	0.78	0.17	-0.01	0.28	0.86
Property Plant And Equipment Net	0.97	0.74	-0.03	0.8	0.7		0.69	0.69	0.01	1.0	-0.36	0.04	0.34	-0.06	0.83	0.61	0.2	-0.36	0.9	0.44	0.71	0.73	0.7	0.6	0.14	0.34
Net Debt	0.63	0.97	-0.21	0.52	0.02	0.69		0.06	-0.5	0.72	-0.1	-0.46	0.38	-0.28	0.93	0.03	0.15	-0.32	0.88	0.05	0.63	0.35	0.85	0.89	-0.14	-0.39
Accounts Payable	0.72	0.11	0.18	0.63	0.86	0.69	0.06		0.43	0.66	-0.42	0.43	-0.01	0.05	0.3	0.85	0.25	-0.35	0.45	0.61	0.44	0.59	0.35	-0.08	0.54	0.71
Cash	0.14	-0.34	-0.08	0.08	0.53	0.01	-0.5	0.43		0.02	-0.01	0.98	-0.33	0.44	-0.24	0.49	0.05	0.26	-0.15	0.53	0.13	0.31	-0.28	-0.36	0.1	0.74
Non Current Assets Total	0.98	0.77	-0.02	0.82	0.68	1.0	0.72	0.66	0.02		-0.32	0.05	0.32	-0.06	0.86	0.6	0.25	-0.33	0.92	0.46	0.76	0.75	0.72	0.63	0.1	0.31
Non Currrent Assets Other	-0.24	-0.15	0.3	-0.04	-0.21	-0.36	-0.1	-0.42	-0.01	-0.32		0.06	0.21	-0.24	-0.26	-0.06	0.11	0.24	-0.21	0.16	-0.1	0.01	-0.11	-0.02	-0.18	-0.24
Cash And Short Term Investments	0.16	-0.3	-0.12	0.07	0.54	0.04	-0.46	0.43	0.98	0.05	0.06		-0.33	0.39	-0.2	0.5	0.0	0.23	-0.12	0.52	0.19	0.32	-0.26	-0.33	0.07	0.72
Net Receivables	0.32	0.36	0.28	0.51	0.1	0.34	0.38	-0.01	-0.33	0.32	0.21	-0.33		-0.04	0.29	0.22	-0.04	-0.38	0.4	0.17	-0.17	0.48	0.25	0.31	0.01	-0.26
Common Stock Shares Outstanding	-0.04	-0.06	-0.04	-0.04	-0.02	-0.06	-0.28	0.05	0.44	-0.06	-0.24	0.39	-0.04		-0.04	0.0	0.0	0.07	-0.04	0.03	-0.1	0.01	-0.28	-0.17	-0.12	0.15
Non Current Liabilities Total	0.79	0.98	-0.24	0.62	0.24	0.83	0.93	0.3	-0.24	0.86	-0.26	-0.2	0.29	-0.04		0.23	0.2	-0.33	0.96	0.2	0.76	0.48	0.86	0.83	-0.05	-0.15
Inventory	0.73	0.09	0.41	0.74	0.9	0.61	0.03	0.85	0.49	0.6	-0.06	0.5	0.22	0.0	0.23		0.37	-0.19	0.43	0.85	0.43	0.8	0.28	-0.09	0.37	0.69
Other Current Assets	0.38	0.17	0.69	0.58	0.24	0.2	0.15	0.25	0.05	0.25	0.11	0.0	-0.04	0.0	0.2	0.37		0.06	0.35	0.7	0.47	0.39	0.41	0.1	0.39	0.11
Other Stockholder Equity	-0.29	-0.28	0.04	-0.32	-0.11	-0.36	-0.32	-0.35	0.26	-0.33	0.24	0.23	-0.38	0.07	-0.33	-0.19	0.06		-0.35	-0.03	-0.01	-0.17	-0.36	-0.07	-0.33	0.1
Total Liab	0.9	0.92	-0.03	0.81	0.41	0.9	0.88	0.45	-0.15	0.92	-0.21	-0.12	0.4	-0.04	0.96	0.43	0.35	-0.35		0.42	0.77	0.66	0.88	0.77	0.08	-0.02
Total Current Assets	0.64	0.12	0.53	0.77	0.71	0.44	0.05	0.61	0.53	0.46	0.16	0.52	0.17	0.03	0.2	0.85	0.7	-0.03	0.42		0.49	0.78	0.35	-0.01	0.39	0.52
Intangible Assets	0.78	0.69	-0.06	0.58	0.48	0.71	0.63	0.44	0.13	0.76	-0.1	0.19	-0.17	-0.1	0.76	0.43	0.47	-0.01	0.77	0.49		0.53	0.67	0.59	-0.07	0.25
Common Stock	0.83	0.42	0.31	0.85	0.78	0.73	0.35	0.59	0.31	0.75	0.01	0.32	0.48	0.01	0.48	0.8	0.39	-0.17	0.66	0.78	0.53		0.39	0.24	0.11	0.41
Good Will	0.71	0.83	0.0	0.69	0.17	0.7	0.85	0.35	-0.28	0.72	-0.11	-0.26	0.25	-0.28	0.86	0.28	0.41	-0.36	0.88	0.35	0.67	0.39		0.71	0.29	-0.21
Short Term Debt	0.55	0.89	-0.3	0.44	-0.01	0.6	0.89	-0.08	-0.36	0.63	-0.02	-0.33	0.31	-0.17	0.83	-0.09	0.1	-0.07	0.77	-0.01	0.59	0.24	0.71		-0.29	-0.29
Current Deferred Revenue	0.18	-0.18	0.38	0.32	0.28	0.14	-0.14	0.54	0.1	0.1	-0.18	0.07	0.01	-0.12	-0.05	0.37	0.39	-0.33	0.08	0.39	-0.07	0.11	0.29	-0.29		0.24
Retained Earnings	0.39	-0.31	0.14	0.26	0.86	0.34	-0.39	0.71	0.74	0.31	-0.24	0.72	-0.26	0.15	-0.15	0.69	0.11	0.1	-0.02	0.52	0.25	0.41	-0.21	-0.29	0.24

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Jindal Steel Account Relationship Matchups

Jindal Steel fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	897.4B	778.4B	766.4B	694.3B	787.2B	635.3B
Short Long Term Debt Total	379.3B	300.2B	135.0B	130.5B	164.7B	263.4B
Other Current Liab	52.8B	517.3M	128.3B	40.1B	46.1B	46.8B
Total Current Liabilities	232.4B	192.8B	227.0B	155.0B	160.1B	153.3B
Total Stockholder Equity	321.4B	318.1B	356.2B	387.1B	443.2B	241.1B
Property Plant And Equipment Net	691.9B	527.6B	439.8B	479.1B	564.2B	437.6B
Net Debt	374.0B	239.6B	100.0B	87.9B	124.5B	118.3B
Accounts Payable	55.7B	40.4B	52.5B	47.0B	46.8B	31.0B
Cash	5.3B	59.5B	35.0B	42.6B	40.2B	42.3B
Non Current Assets Total	737.5B	575.2B	500.3B	539.5B	609.8B	494.5B
Non Currrent Assets Other	(17.6B)	10.2B	13.5B	19.9B	(13.8B)	(13.1B)
Cash And Short Term Investments	7.8B	69.8B	38.7B	59.8B	44.8B	47.0B
Net Receivables	39.6B	28.0B	15.2B	12.7B	16.6B	22.4B
Common Stock Shares Outstanding	1.0B	1.0B	1.0B	1.0B	1.0B	1.1B
Liabilities And Stockholders Equity	897.4B	778.4B	766.4B	694.3B	787.2B	635.3B
Non Current Liabilities Total	351.4B	276.2B	168.5B	149.1B	179.5B	237.7B
Inventory	63.7B	59.4B	72.8B	58.9B	70.8B	44.2B
Other Current Assets	52.0B	35.4B	155.0B	34.5B	45.3B	59.9B
Other Stockholder Equity	13.8B	(210.8B)	19.6B	19.6B	35.9B	37.7B
Total Liab	583.8B	469.0B	395.5B	304.1B	339.6B	391.1B
Total Current Assets	159.9B	203.2B	266.1B	154.8B	177.3B	140.8B
Accumulated Other Comprehensive Income	(211.4B)	12.6B	12.5B	14.5B	(6.8B)	(7.2B)
Intangible Assets	27.0B	28.0B	36.0B	34.5B	32.8B	24.6B
Good Will	6.1B	5.0B	4.5B	554.1M	637.2M	605.4M
Short Term Debt	76.5B	90.9B	44.7B	52.6B	59.3B	66.7B
Current Deferred Revenue	80.5B	61.0B	129.3B	24.4B	7.9B	7.5B
Retained Earnings	229.7B	284.9B	323.1B	352.0B	413.1B	266.2B
Short Term Investments	2.5B	10.2B	3.7B	17.2B	6.7B	5.5B
Other Liab	58.3B	61.6B	66.9B	78.1B	89.9B	60.2B
Net Tangible Assets	289.2B	288.2B	285.2B	315.8B	363.2B	280.4B
Other Assets	11.0B	200K	900K	5.5B	5.0B	5.8B
Long Term Debt	279.0B	202.3B	84.3B	72.1B	100.6B	194.3B
Short Long Term Debt	89.3B	13.2B	44.3B	52.3B	58.4B	73.5B
Property Plant Equipment	691.9B	527.6B	439.8B	479.1B	431.2B	474.6B
Long Term Debt Total	289.8B	209.3B	90.3B	77.8B	70.0B	66.5B
Capital Lease Obligations	11.0B	6.0B	6.4B	6.1B	5.8B	4.9B
Non Current Liabilities Other	4.2M	6.1M	1.4M	100K	90K	85.5K

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Jindal Cash And Short Term Investments vs Short Term Debt Analysis

Cash And Short Term Investments vs Short Term Debt

Cash And Short Term Investments vs Short Term Debt Correlation Analysis

Correlation Coefficient

Cash And Short Term Investments

Short Term Debt

Jindal Steel fundamental ratios Correlations

Jindal Steel Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Jindal Steel fundamental ratios Accounts

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Additional Tools for Jindal Stock Analysis

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Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Non Current Assets Total	+ 0.98	Total Assets
Non Current Liabilities Total	+ 0.98	Short Long Term Debt Total
Cash And Short Term Investments	+ 0.98	Cash
Property Plant And Equipment Net	+ 0.97	Total Assets
Net Debt	+ 0.97	Short Long Term Debt Total

Cash	- 0.5	Net Debt
Cash And Short Term Investments	- 0.46	Net Debt
Non Currrent Assets Other	- 0.42	Accounts Payable
Retained Earnings	- 0.39	Net Debt
Other Stockholder Equity	- 0.38	Net Receivables
Good Will	- 0.36	Other Stockholder Equity