Jindal Ebit vs Tax Provision Analysis

JINDALSTEL

807.70 16.15 2.04%

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 Ebit and its Tax Provision 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.

Ebit vs Tax Provision

Ebit vs Tax Provision Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Jindal Steel Power Ebit account and Tax Provision. At this time, the significance of the direction appears to have very strong relationship.

The correlation between Jindal Steel's Ebit and Tax Provision is 0.8. Overlapping area represents the amount of variation of Ebit that can explain the historical movement of Tax Provision 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 Ebit and Tax Provision is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Ebit of Jindal Steel Power are associated (or correlated) with its Tax Provision. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Tax Provision has no effect on the direction of Ebit i.e., Jindal Steel's Ebit and Tax Provision go up and down completely randomly.

Correlation Coefficient

0.8

Relationship Direction	Positive
Relationship Strength	Strong

View All Relationships

Ebit

Tax Provision

The amount set aside by a company to cover any estimated taxes for the current period. It reflects the company's expected tax liabilities.

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.

Tax Provision is likely to gain to about 6 B in 2025, whereas Selling General Administrative is likely to drop slightly above 929.3 M in 2025.

	2022	2023	2024	2025 (projected)
Interest Expense	14.5B	12.9B	14.9B	19.7B
Depreciation And Amortization	26.9B	28.2B	32.5B	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		0.62	0.11	0.88	0.61	0.97	0.56	0.74	0.19	0.98	-0.17	0.21	0.28	0.16	0.74	0.74	0.36	-0.29	0.86	0.66	0.78	0.84	0.59	0.45	0.12	0.44
Short Long Term Debt Total	0.62		-0.25	0.54	-0.04	0.68	0.99	0.05	-0.36	0.71	-0.32	-0.34	0.37	-0.18	0.97	0.0	0.18	-0.25	0.92	0.06	0.65	0.34	0.83	0.9	-0.14	-0.35
Other Current Liab	0.11	-0.25		0.43	0.18	-0.02	-0.23	0.18	-0.07	-0.02	0.29	-0.1	0.27	0.0	-0.24	0.38	0.69	0.04	-0.03	0.52	-0.05	0.31	-0.01	-0.29	0.36	0.12
Total Current Liabilities	0.88	0.54	0.43		0.46	0.8	0.5	0.62	0.1	0.81	-0.1	0.07	0.49	0.01	0.61	0.68	0.58	-0.3	0.81	0.75	0.58	0.83	0.65	0.41	0.3	0.22
Total Stockholder Equity	0.61	-0.04	0.18	0.46		0.54	-0.11	0.73	0.66	0.55	0.1	0.69	-0.02	0.65	0.1	0.76	0.15	-0.1	0.24	0.59	0.36	0.66	-0.18	-0.19	0.0	0.81
Property Plant And Equipment Net	0.97	0.68	-0.02	0.8	0.54		0.64	0.7	0.05	1.0	-0.3	0.08	0.32	0.12	0.8	0.62	0.19	-0.36	0.88	0.46	0.71	0.74	0.6	0.53	0.1	0.36
Net Debt	0.56	0.99	-0.23	0.5	-0.11	0.64		-0.02	-0.46	0.65	-0.34	-0.43	0.4	-0.21	0.95	-0.08	0.17	-0.25	0.89	-0.02	0.59	0.27	0.82	0.89	-0.15	-0.42
Accounts Payable	0.74	0.05	0.18	0.62	0.73	0.7	-0.02		0.47	0.68	-0.25	0.47	-0.05	0.28	0.25	0.87	0.21	-0.36	0.4	0.64	0.45	0.63	0.22	-0.15	0.44	0.72
Cash	0.19	-0.36	-0.07	0.1	0.66	0.05	-0.46	0.47		0.07	0.28	0.99	-0.34	0.46	-0.25	0.53	0.04	0.17	-0.15	0.57	0.16	0.36	-0.31	-0.39	0.08	0.69
Non Current Assets Total	0.98	0.71	-0.02	0.81	0.55	1.0	0.65	0.68	0.07		-0.26	0.1	0.29	0.13	0.81	0.62	0.23	-0.33	0.89	0.49	0.77	0.76	0.61	0.55	0.06	0.36
Non Currrent Assets Other	-0.17	-0.32	0.29	-0.1	0.1	-0.3	-0.34	-0.25	0.28	-0.26		0.33	0.07	0.16	-0.39	0.16	0.03	0.33	-0.33	0.25	-0.08	0.11	-0.42	-0.22	-0.4	0.19
Cash And Short Term Investments	0.21	-0.34	-0.1	0.07	0.69	0.08	-0.43	0.47	0.99	0.1	0.33		-0.35	0.49	-0.22	0.54	-0.02	0.16	-0.14	0.53	0.21	0.37	-0.34	-0.39	-0.01	0.71
Net Receivables	0.28	0.37	0.27	0.49	-0.02	0.32	0.4	-0.05	-0.34	0.29	0.07	-0.35		-0.13	0.3	0.14	-0.03	-0.36	0.4	0.13	-0.19	0.42	0.28	0.33	0.04	-0.29
Common Stock Shares Outstanding	0.16	-0.18	0.0	0.01	0.65	0.12	-0.21	0.28	0.46	0.13	0.16	0.49	-0.13		-0.12	0.35	-0.05	-0.01	-0.08	0.22	0.05	0.24	-0.39	-0.3	-0.22	0.57
Non Current Liabilities Total	0.74	0.97	-0.24	0.61	0.1	0.8	0.95	0.25	-0.25	0.81	-0.39	-0.22	0.3	-0.12		0.15	0.2	-0.3	0.96	0.17	0.73	0.42	0.85	0.83	-0.02	-0.19
Inventory	0.74	0.0	0.38	0.68	0.76	0.62	-0.08	0.87	0.53	0.62	0.16	0.54	0.14	0.35	0.15		0.31	-0.2	0.35	0.85	0.44	0.82	0.11	-0.19	0.24	0.75
Other Current Assets	0.36	0.18	0.69	0.58	0.15	0.19	0.17	0.21	0.04	0.23	0.03	-0.02	-0.03	-0.05	0.2	0.31		0.08	0.35	0.66	0.46	0.35	0.41	0.11	0.39	0.04
Other Stockholder Equity	-0.29	-0.25	0.04	-0.3	-0.1	-0.36	-0.25	-0.36	0.17	-0.33	0.33	0.16	-0.36	-0.01	-0.3	-0.2	0.08		-0.33	-0.03	-0.01	-0.17	-0.27	-0.03	-0.27	0.02
Total Liab	0.86	0.92	-0.03	0.81	0.24	0.88	0.89	0.4	-0.15	0.89	-0.33	-0.14	0.4	-0.08	0.96	0.35	0.35	-0.33		0.39	0.75	0.61	0.86	0.76	0.09	-0.06
Total Current Assets	0.66	0.06	0.52	0.75	0.59	0.46	-0.02	0.64	0.57	0.49	0.25	0.53	0.13	0.22	0.17	0.85	0.66	-0.03	0.39		0.5	0.8	0.25	-0.07	0.32	0.55
Intangible Assets	0.78	0.65	-0.05	0.58	0.36	0.71	0.59	0.45	0.16	0.77	-0.08	0.21	-0.19	0.05	0.73	0.44	0.46	-0.01	0.75	0.5		0.54	0.6	0.53	-0.1	0.27
Common Stock	0.84	0.34	0.31	0.83	0.66	0.74	0.27	0.63	0.36	0.76	0.11	0.37	0.42	0.24	0.42	0.82	0.35	-0.17	0.61	0.8	0.54		0.27	0.15	0.04	0.49
Good Will	0.59	0.83	-0.01	0.65	-0.18	0.6	0.82	0.22	-0.31	0.61	-0.42	-0.34	0.28	-0.39	0.85	0.11	0.41	-0.27	0.86	0.25	0.6	0.27		0.73	0.33	-0.35
Short Term Debt	0.45	0.9	-0.29	0.41	-0.19	0.53	0.89	-0.15	-0.39	0.55	-0.22	-0.39	0.33	-0.3	0.83	-0.19	0.11	-0.03	0.76	-0.07	0.53	0.15	0.73		-0.23	-0.38
Current Deferred Revenue	0.12	-0.14	0.36	0.3	0.0	0.1	-0.15	0.44	0.08	0.06	-0.4	-0.01	0.04	-0.22	-0.02	0.24	0.39	-0.27	0.09	0.32	-0.1	0.04	0.33	-0.23		0.05
Retained Earnings	0.44	-0.35	0.12	0.22	0.81	0.36	-0.42	0.72	0.69	0.36	0.19	0.71	-0.29	0.57	-0.19	0.75	0.04	0.02	-0.06	0.55	0.27	0.49	-0.35	-0.38	0.05

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Jindal Steel Account Relationship Matchups

Jindal Steel fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	778.4B	766.4B	694.3B	787.2B	905.2B	635.3B
Short Long Term Debt Total	300.2B	135.0B	130.5B	164.7B	189.4B	263.4B
Other Current Liab	517.3M	128.3B	40.1B	46.1B	53.0B	46.8B
Total Current Liabilities	192.8B	227.0B	155.0B	160.1B	184.1B	153.3B
Total Stockholder Equity	318.1B	356.2B	387.1B	443.2B	509.6B	535.1B
Property Plant And Equipment Net	527.6B	439.8B	479.1B	546.6B	628.6B	436.6B
Net Debt	239.6B	100.0B	87.9B	131.7B	151.4B	249.8B
Accounts Payable	40.4B	52.5B	47.0B	46.8B	53.8B	31.0B
Cash	59.5B	35.0B	42.6B	33.1B	38.0B	39.9B
Non Current Assets Total	575.2B	500.3B	539.5B	609.8B	701.3B	494.5B
Non Currrent Assets Other	10.2B	13.5B	19.9B	30.7B	27.6B	14.5B
Cash And Short Term Investments	69.8B	38.7B	59.8B	44.8B	51.5B	54.1B
Net Receivables	28.0B	15.2B	12.7B	16.6B	19.1B	22.4B
Common Stock Shares Outstanding	1.0B	1.0B	1.0B	1.0B	1.2B	1.1B
Liabilities And Stockholders Equity	778.4B	766.4B	694.3B	787.2B	905.2B	635.3B
Non Current Liabilities Total	276.2B	168.5B	149.1B	179.5B	206.5B	237.7B
Inventory	59.4B	72.8B	58.9B	70.8B	81.4B	44.2B
Other Current Assets	35.4B	155.0B	34.5B	45.3B	52.1B	59.9B
Other Stockholder Equity	(210.8B)	19.6B	19.6B	3.3B	3.0B	5.7B
Total Liab	469.0B	395.5B	304.1B	339.6B	390.6B	391.1B
Total Current Assets	203.2B	266.1B	154.8B	177.3B	203.9B	140.8B
Accumulated Other Comprehensive Income	12.6B	12.5B	14.5B	9.4B	8.5B	8.9B
Intangible Assets	28.0B	36.0B	34.5B	32.8B	37.7B	24.6B
Good Will	6.1B	5.0B	4.5B	554.1M	637.2M	605.4M
Short Term Debt	90.9B	44.7B	52.6B	59.3B	53.3B	66.7B
Current Deferred Revenue	61.0B	129.3B	24.4B	7.9B	9.1B	8.6B
Retained Earnings	284.9B	323.1B	352.0B	429.4B	493.8B	267.6B
Short Term Investments	10.2B	3.7B	17.2B	15.5B	17.8B	18.7B
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	202.3B	84.3B	72.1B	100.6B	90.5B	86.0B
Short Long Term Debt	13.2B	44.3B	52.3B	58.4B	52.5B	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	6.0B	6.4B	6.1B	5.8B	6.6B	4.9B
Non Current Liabilities Other	4.2M	6.1M	1.4M	100K	90K	85.5K

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Jindal Ebit vs Tax Provision Analysis

Ebit vs Tax Provision

Ebit vs Tax Provision Correlation Analysis

Correlation Coefficient

Ebit

Tax Provision

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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COMPANY

Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Net Debt	+ 0.99	Short Long Term Debt Total
Cash And Short Term Investments	+ 0.99	Cash
Non Current Assets Total	+ 0.98	Total Assets
Property Plant And Equipment Net	+ 0.97	Total Assets
Non Current Liabilities Total	+ 0.97	Short Long Term Debt Total

Cash	- 0.46	Net Debt
Cash And Short Term Investments	- 0.43	Net Debt
Good Will	- 0.42	Non Currrent Assets Other
Retained Earnings	- 0.42	Net Debt
Current Deferred Revenue	- 0.4	Non Currrent Assets Other
Good Will	- 0.39	Common Stock Shares Outstanding