Jindal Total Current Liabilities vs Cash And Short Term Investments 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 Total Current Liabilities and its Cash And Short Term Investments 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.

Total Current Liabilities vs Cash And Short Term Investments

Total Current Liabilities vs Cash And Short Term Investments Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Jindal Poly Investment Total Current Liabilities account and Cash And Short Term Investments. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Jindal Poly's Total Current Liabilities and Cash And Short Term Investments is 0.85. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Cash And Short Term Investments 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 Total Current Liabilities and Cash And Short Term Investments 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 Jindal Poly Investment are associated (or correlated) with its Cash And Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Short Term Investments has no effect on the direction of Total Current Liabilities i.e., Jindal Poly's Total Current Liabilities and Cash And Short Term Investments go up and down completely randomly.

Correlation Coefficient

0.85
Relationship DirectionPositive 
Relationship StrengthStrong

Total Current Liabilities

Total Current Liabilities is an item on Jindal Poly balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Jindal Poly Investment 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.

Cash And Short Term Investments

Short Term Investments is an account in the current assets section of Jindal Poly Investment balance sheet. This account contains Jindal Poly investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Jindal Poly Investment fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.
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.