Jindal Other Current Liab vs Net Debt Analysis

JPOLYINVST   1,017  10.15  0.99%   
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 Other Current Liab and its Net Debt 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.

Other Current Liab vs Net Debt

Other Current Liab vs Net Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Jindal Poly Investment Other Current Liab account and Net Debt. At this time, the significance of the direction appears to have strong relationship.
The correlation between Jindal Poly's Other Current Liab and Net Debt is 0.77. Overlapping area represents the amount of variation of Other Current Liab that can explain the historical movement of Net Debt 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 Other Current Liab and Net 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 Other Current Liab of Jindal Poly Investment are associated (or correlated) with its Net Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Debt has no effect on the direction of Other Current Liab i.e., Jindal Poly's Other Current Liab and Net Debt go up and down completely randomly.

Correlation Coefficient

0.77
Relationship DirectionPositive 
Relationship StrengthSignificant

Other Current Liab

Net Debt

The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.
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 23rd of November 2024, Selling General Administrative is likely to grow to about 451.2 M, while Tax Provision is likely to drop about 21.4 M.

Jindal Poly fundamental ratios Correlations

0.790.920.210.780.090.730.880.830.050.440.90.710.380.370.10.930.99-0.150.110.650.660.060.89-0.460.53
0.790.8-0.020.77-0.080.350.690.62-0.010.480.780.560.170.29-0.10.80.79-0.02-0.030.520.7-0.080.77-0.140.55
0.920.8-0.20.87-0.30.840.910.85-0.130.540.990.760.230.55-0.280.990.90.19-0.190.690.74-0.130.98-0.170.67
0.21-0.02-0.2-0.180.95-0.24-0.08-0.070.56-0.26-0.2-0.150.37-0.420.94-0.130.23-0.860.79-0.11-0.170.38-0.21-0.69-0.32
0.780.770.87-0.18-0.260.710.610.5-0.10.210.910.370.180.39-0.260.860.820.14-0.140.250.97-0.110.920.170.91
0.09-0.08-0.30.95-0.26-0.35-0.16-0.140.53-0.39-0.31-0.250.13-0.640.96-0.20.14-0.830.75-0.16-0.220.33-0.31-0.64-0.43
0.730.350.84-0.240.71-0.350.750.7-0.130.350.850.60.230.58-0.30.810.710.24-0.20.510.6-0.140.84-0.090.63
0.880.690.91-0.080.61-0.160.750.99-0.10.610.870.920.170.44-0.130.930.830.12-0.150.870.43-0.080.85-0.470.34
0.830.620.85-0.070.5-0.140.70.99-0.10.630.790.940.180.41-0.110.870.770.13-0.150.910.31-0.080.77-0.530.22
0.05-0.01-0.130.56-0.10.53-0.13-0.1-0.1-0.16-0.12-0.130.13-0.210.55-0.10.06-0.650.7-0.13-0.08-0.1-0.12-0.33-0.13
0.440.480.54-0.260.21-0.390.350.610.63-0.160.460.830.290.64-0.350.470.330.29-0.240.790.04-0.040.43-0.280.07
0.90.780.99-0.20.91-0.310.850.870.79-0.120.460.70.230.54-0.280.980.890.18-0.180.580.8-0.111.0-0.10.76
0.710.560.76-0.150.37-0.250.60.920.94-0.130.830.70.230.53-0.20.760.620.2-0.190.930.16-0.050.68-0.520.15
0.380.170.230.370.180.130.230.170.180.130.290.230.230.480.090.180.29-0.240.260.130.120.140.23-0.280.23
0.370.290.55-0.420.39-0.640.580.440.41-0.210.640.540.530.48-0.620.440.280.38-0.310.420.27-0.150.530.110.5
0.1-0.1-0.280.94-0.260.96-0.3-0.13-0.110.55-0.35-0.28-0.20.09-0.62-0.190.15-0.850.79-0.15-0.240.37-0.28-0.68-0.42
0.930.80.99-0.130.86-0.20.810.930.87-0.10.470.980.760.180.44-0.190.920.13-0.150.670.73-0.10.97-0.230.64
0.990.790.90.230.820.140.710.830.770.060.330.890.620.290.280.150.92-0.190.140.570.710.060.88-0.410.56
-0.15-0.020.19-0.860.14-0.830.240.120.13-0.650.290.180.2-0.240.38-0.850.13-0.19-0.980.160.110.060.180.540.23
0.11-0.03-0.190.79-0.140.75-0.2-0.15-0.150.7-0.24-0.18-0.190.26-0.310.79-0.150.14-0.98-0.19-0.12-0.14-0.18-0.49-0.19
0.650.520.69-0.110.25-0.160.510.870.91-0.130.790.580.930.130.42-0.150.670.570.16-0.190.04-0.10.54-0.55-0.05
0.660.70.74-0.170.97-0.220.60.430.31-0.080.040.80.160.120.27-0.240.730.710.11-0.120.04-0.10.820.320.93
0.06-0.08-0.130.38-0.110.33-0.14-0.08-0.08-0.1-0.04-0.11-0.050.14-0.150.37-0.10.060.06-0.14-0.1-0.1-0.1-0.28-0.12
0.890.770.98-0.210.92-0.310.840.850.77-0.120.431.00.680.230.53-0.280.970.880.18-0.180.540.82-0.1-0.080.78
-0.46-0.14-0.17-0.690.17-0.64-0.09-0.47-0.53-0.33-0.28-0.1-0.52-0.280.11-0.68-0.23-0.410.54-0.49-0.550.32-0.28-0.080.44
0.530.550.67-0.320.91-0.430.630.340.22-0.130.070.760.150.230.5-0.420.640.560.23-0.19-0.050.93-0.120.780.44
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Jindal Poly Account Relationship Matchups

Jindal Poly fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets4.5B5.1B73.7B24.2B27.2B22.7B
Other Current Liab1.5B(5.2B)5.1B507K685.3M965.8M
Total Current Liabilities1.5B2.0B14.4B658K251K238.5K
Total Stockholder Equity(2.0B)(2.0B)6.2B23.6B26.5B27.9B
Net Debt2.2B2.2B12.4B269.5M269.2M255.7M
Retained Earnings(8.4B)(8.6B)(622.0M)15.5B18.4B19.4B
Accounts Payable1.4M865K5.5B151K251K238.5K
Cash3.5M1.6M2.8B97K395K375.3K
Cash And Short Term Investments12.7M17.8M3.9B97K395K375.3K
Liabilities And Stockholders Equity4.5B5.1B73.7B24.2B27.2B22.7B
Other Current Assets471.6M448.7M6.0B207K1.4M1.3M
Total Liab8.5B9.3B49.2B650.1M685.3M651.0M
Total Current Assets488.5M491.7M14.7B304K1.8M1.7M
Non Current Assets Total4.0B4.6B59.0B24.2B27.2B22.0B
Non Currrent Assets Other5.2M4.2B982K(3.0B)(27.2B)(25.8B)
Net Receivables26.8M4.2M4.7B89K102.4K97.2K
Short Term Investments9.3M16.2M1.1B21.2B1.0M962.4K
Non Current Liabilities Total7.0B7.3B34.8B649.4M685.0M650.8M
Other Stockholder Equity8.4B8.6B(36.1B)(15.5B)(18.4B)(17.5B)
Accumulated Other Comprehensive Income6.4B6.5B6.7B8.0B8.0B4.4B
Inventory(3.8B)21.0M4.7B(89K)(102.4K)(97.2K)
Short Term Debt7.0B7.3B3.8B269.6M242.6M230.5M
Short Long Term Debt Total9.2B9.5B15.2B269.6M242.6M230.5M
Current Deferred Revenue(7.0B)(7.8B)4.6B(269.6M)(954.9M)(1.0B)
Cash And Equivalents3.5M1.6M2.8B97K111.6K106.0K
Net Invested Capital3.9B3.0B28.8B23.8B26.8B14.7B
Net Working Capital(1.0B)466.5M8.1B(354K)530K503.5K

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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.