Jindal Free Cash Flow vs Other Non Cash Items Analysis
JPOLYINVST | 911.75 8.30 0.90% |
Jindal Poly financial indicator trend analysis is infinitely more than just investigating Jindal Poly Investment recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Jindal Poly Investment is a good investment. Please check the relationship between Jindal Poly Free Cash Flow and its Other Non Cash Items accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Jindal Poly Investment. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in manufacturing.
Free Cash Flow vs Other Non Cash Items
Free Cash Flow vs Other Non Cash Items Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Jindal Poly Investment Free Cash Flow account and Other Non Cash Items. At this time, the significance of the direction appears to have almost no relationship.
The correlation between Jindal Poly's Free Cash Flow and Other Non Cash Items is 0.1. Overlapping area represents the amount of variation of Free Cash Flow that can explain the historical movement of Other Non Cash Items in the same time period over historical financial statements of Jindal Poly Investment, assuming nothing else is changed. The correlation between historical values of Jindal Poly's Free Cash Flow and Other Non Cash Items is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Free Cash Flow of Jindal Poly Investment are associated (or correlated) with its Other Non Cash Items. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Non Cash Items has no effect on the direction of Free Cash Flow i.e., Jindal Poly's Free Cash Flow and Other Non Cash Items go up and down completely randomly.
Correlation Coefficient | 0.1 |
Relationship Direction | Positive |
Relationship Strength | Insignificant |
Free Cash Flow
The amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.Other Non Cash Items
Most indicators from Jindal Poly's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Jindal Poly Investment 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 Poly Investment. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in manufacturing. As of the 30th of November 2024, Selling General Administrative is likely to drop to about 590.9 K. In addition to that, Tax Provision is likely to drop to about 21.4 M
Jindal Poly fundamental ratios Correlations
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Jindal Poly Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Jindal Poly fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 4.5B | 5.1B | 73.7B | 24.2B | 27.2B | 22.7B | |
Other Current Liab | 1.5B | (5.2B) | 5.1B | 507K | 685.3M | 965.8M | |
Total Current Liabilities | 1.5B | 2.0B | 14.4B | 658K | 251K | 238.5K | |
Total Stockholder Equity | (2.0B) | (2.0B) | 6.2B | 23.6B | 26.5B | 27.9B | |
Net Debt | 2.2B | 2.2B | 12.4B | 269.5M | 269.2M | 255.7M | |
Retained Earnings | (8.4B) | (8.6B) | (622.0M) | 15.5B | 18.4B | 19.4B | |
Accounts Payable | 1.4M | 865K | 5.5B | 151K | 251K | 238.5K | |
Cash | 3.5M | 1.6M | 2.8B | 97K | 395K | 375.3K | |
Cash And Short Term Investments | 12.7M | 17.8M | 3.9B | 97K | 395K | 375.3K | |
Liabilities And Stockholders Equity | 4.5B | 5.1B | 73.7B | 24.2B | 27.2B | 22.7B | |
Other Current Assets | 471.6M | 448.7M | 6.0B | 207K | 1.4M | 1.3M | |
Total Liab | 8.5B | 9.3B | 49.2B | 650.1M | 685.3M | 651.0M | |
Total Current Assets | 488.5M | 491.7M | 14.7B | 304K | 1.8M | 1.7M | |
Non Current Assets Total | 4.0B | 4.6B | 59.0B | 24.2B | 27.2B | 22.0B | |
Non Currrent Assets Other | 5.2M | 4.2B | 982K | (3.0B) | 23K | 21.9K | |
Net Receivables | 26.8M | 4.2M | 4.7B | 89K | 102.4K | 97.2K | |
Short Term Investments | 9.3M | 16.2M | 1.1B | 21.2B | 1K | 950.0 | |
Non Current Liabilities Total | 7.0B | 7.3B | 34.8B | 649.4M | 685.0M | 650.8M | |
Other Stockholder Equity | 8.4B | 8.6B | (36.1B) | (15.5B) | (18.4B) | (17.5B) | |
Accumulated Other Comprehensive Income | 6.4B | 6.5B | 6.7B | 8.0B | 8.0B | 4.4B | |
Inventory | (3.8B) | 21.0M | 4.7B | (89K) | (102.4K) | (97.2K) | |
Short Term Debt | 7.0B | 7.3B | 3.8B | 269.6M | 242.6M | 230.5M | |
Short Long Term Debt Total | 9.2B | 9.5B | 15.2B | 269.6M | 242.6M | 230.5M | |
Current Deferred Revenue | (7.0B) | (7.8B) | 4.6B | (269.6M) | (954.9M) | (1.0B) | |
Cash And Equivalents | 3.5M | 1.6M | 2.8B | 97K | 111.6K | 106.0K | |
Net Invested Capital | 3.9B | 3.0B | 28.8B | 23.8B | 26.8B | 14.7B | |
Net Working Capital | (1.0B) | 466.5M | 8.1B | (354K) | 530K | 503.5K |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Jindal Stock
Balance Sheet is a snapshot of the financial position of Jindal Poly Investment at a specified time, usually calculated after every quarter, six months, or one year. Jindal Poly Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Jindal Poly and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Jindal currently owns. An asset can also be divided into two categories, current and non-current.