| JSE Stock | | | 25.00 0.50 2.04% |
Jadestone Energy financial indicator trend analysis is infinitely more than just investigating Jadestone Energy recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Jadestone Energy is a good investment. Please check the relationship between Jadestone Energy Total Current Assets and its Accounts Payable accounts. Check out
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Jadestone Energy. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in bureau of economic analysis.
Total Current Assets vs Accounts Payable
Total Current Assets vs Accounts Payable Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Jadestone Energy Total Current Assets account and
Accounts Payable. At this time, the significance of the direction appears to have strong relationship.
The correlation between Jadestone Energy's Total Current Assets and Accounts Payable is 0.73. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Accounts Payable in the same time period over historical financial statements of Jadestone Energy, assuming nothing else is changed. The correlation between historical values of Jadestone Energy's Total Current Assets and Accounts Payable 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 Assets of Jadestone Energy are associated (or correlated) with its Accounts Payable. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Accounts Payable has no effect on the direction of Total Current Assets i.e., Jadestone Energy's Total Current Assets and Accounts Payable go up and down completely randomly.
Correlation Coefficient | 0.73 |
| Relationship Direction | Positive |
| Relationship Strength | Significant |
Total Current Assets
The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.
Accounts Payable
An accounting item on the balance sheet that represents Jadestone Energy obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Jadestone Energy are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.
Most indicators from Jadestone Energy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Jadestone Energy 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 Jadestone Energy. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in bureau of economic analysis.
The current year's
Issuance Of Capital Stock is expected to grow to about 53.5
M, whereas
Selling General Administrative is forecasted to decline to about 727.7
K.
Jadestone Energy fundamental ratios Correlations
Click cells to compare fundamentals
Jadestone Energy Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Jadestone Energy fundamental ratios Accounts
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Other Information on Investing in Jadestone Stock
Balance Sheet is a snapshot of the
financial position of Jadestone Energy at a specified time, usually calculated after every quarter, six months, or one year. Jadestone Energy Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Jadestone Energy 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 Jadestone currently owns. An asset can also be divided into two categories, current and non-current.