Jupiter Total Current Liabilities vs Total Assets Analysis
| JLHL Stock | 1,513 13.20 0.88% |
Jupiter Life financial indicator trend analysis is infinitely more than just investigating Jupiter Life Line recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Jupiter Life Line is a good investment. Please check the relationship between Jupiter Life Total Current Liabilities and its Total Assets accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Jupiter Life Line. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Total Current Liabilities vs Total Assets
Total Current Liabilities vs Total Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Jupiter Life Line Total Current Liabilities account and Total Assets. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Jupiter Life's Total Current Liabilities and Total Assets is 0.58. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Total Assets in the same time period over historical financial statements of Jupiter Life Line, assuming nothing else is changed. The correlation between historical values of Jupiter Life's Total Current Liabilities and Total Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Current Liabilities of Jupiter Life Line are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Total Current Liabilities i.e., Jupiter Life's Total Current Liabilities and Total Assets go up and down completely randomly.
Correlation Coefficient | 0.58 |
| Relationship Direction | Positive |
| Relationship Strength | Weak |
Total Current Liabilities
Total Current Liabilities is an item on Jupiter Life balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Jupiter Life Line are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.Total Assets
Total assets refers to the total amount of Jupiter Life assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Jupiter Life Line books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.Most indicators from Jupiter Life's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Jupiter Life Line 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 Jupiter Life Line. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. Selling General Administrative is likely to drop to about 2.1 B in 2024
| 2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 366.5M | 422.7M | 263.4M | 357.3M | Depreciation And Amortization | 361.6M | 385.6M | 423.8M | 382.2M |
Jupiter Life fundamental ratios Correlations
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Jupiter Life Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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