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 Short Long Term Debt Total and its Cash 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.
Short Long Term Debt Total vs Cash
Short Long Term Debt Total vs Cash Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Jindal Steel Power Short Long Term Debt Total account and
Cash. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Jindal Steel's Short Long Term Debt Total and Cash is -0.34. Overlapping area represents the amount of variation of Short Long Term Debt Total that can explain the historical movement of Cash 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 Short Long Term Debt Total and Cash is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Short Long Term Debt Total of Jindal Steel Power are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Short Long Term Debt Total i.e., Jindal Steel's Short Long Term Debt Total and Cash go up and down completely randomly.
Correlation Coefficient | -0.34 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Short Long Term Debt Total
Cash
Cash refers to the most liquid asset of Jindal Steel Power, which is listed under current asset account on Jindal Steel Power balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Jindal Steel customers. The amounts must be unrestricted with restricted cash listed in a different Jindal Steel 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.
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
Jindal Steel fundamental ratios Correlations
Click cells to compare fundamentals
Jindal Steel Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Jindal Steel fundamental ratios Accounts
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