Jindal Investments vs Change To Operating Activities Analysis

JSL Stock   719.80  21.20  2.86%   
Jindal Stainless financial indicator trend analysis is infinitely more than just investigating Jindal Stainless recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Jindal Stainless is a good investment. Please check the relationship between Jindal Stainless Investments and its Change To Operating Activities accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Jindal Stainless Limited. 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.

Investments vs Change To Operating Activities

Investments vs Change To Operating Activities Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Jindal Stainless Investments account and Change To Operating Activities. At this time, the significance of the direction appears to have very week relationship.
The correlation between Jindal Stainless' Investments and Change To Operating Activities is 0.26. Overlapping area represents the amount of variation of Investments that can explain the historical movement of Change To Operating Activities in the same time period over historical financial statements of Jindal Stainless Limited, assuming nothing else is changed. The correlation between historical values of Jindal Stainless' Investments and Change To Operating Activities is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Investments of Jindal Stainless Limited are associated (or correlated) with its Change To Operating Activities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Change To Operating Activities has no effect on the direction of Investments i.e., Jindal Stainless' Investments and Change To Operating Activities go up and down completely randomly.

Correlation Coefficient

0.26
Relationship DirectionPositive 
Relationship StrengthVery Weak

Investments

Securities or assets acquired for generating income or appreciating in value, not used in daily operations.

Change To Operating Activities

Most indicators from Jindal Stainless' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Jindal Stainless 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 Stainless Limited. 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.
The current year's Tax Provision is expected to grow to about 9.4 B, whereas Selling General Administrative is forecasted to decline to about 1.1 B.
 2021 2022 2023 2024 (projected)
Interest Expense2.9B3.2B5.5B6.1B
Depreciation And Amortization7.6B7.2B8.8B5.1B

Jindal Stainless fundamental ratios Correlations

0.150.450.940.690.860.080.630.940.480.750.430.680.320.820.60.660.780.840.580.680.82-0.120.760.750.2
0.15-0.30.22-0.380.391.0-0.180.240.0-0.230.12-0.430.94-0.150.48-0.180.710.01-0.47-0.16-0.310.79-0.25-0.2-0.4
0.45-0.30.370.410.29-0.340.390.350.390.470.150.48-0.10.410.320.460.160.390.160.330.570.040.490.410.28
0.940.220.370.580.790.150.470.870.450.630.520.670.310.770.560.540.80.780.510.530.82-0.070.720.630.39
0.69-0.380.410.580.48-0.440.920.620.590.970.280.75-0.240.940.210.850.270.890.940.940.77-0.510.870.970.15
0.860.390.290.790.480.330.520.970.330.540.030.360.580.650.730.390.850.630.360.550.510.10.480.56-0.11
0.081.0-0.340.15-0.440.33-0.250.16-0.04-0.30.09-0.490.92-0.210.44-0.240.66-0.05-0.51-0.22-0.370.8-0.31-0.27-0.39
0.63-0.180.390.470.920.52-0.250.610.660.930.240.56-0.020.850.230.850.350.860.810.980.58-0.250.70.93-0.19
0.940.240.350.870.620.970.160.610.40.660.160.540.430.750.660.510.80.720.510.640.68-0.060.610.670.01
0.480.00.390.450.590.33-0.040.660.40.60.420.380.040.60.270.540.350.650.460.620.51-0.030.440.590.14
0.75-0.230.470.630.970.54-0.30.930.660.60.340.68-0.080.950.290.920.40.940.870.960.75-0.330.911.00.11
0.430.120.150.520.280.030.090.240.160.420.340.480.060.37-0.030.530.350.520.260.250.520.00.40.320.32
0.68-0.430.480.670.750.36-0.490.560.540.380.680.48-0.340.730.190.560.20.670.740.570.91-0.560.710.650.45
0.320.94-0.10.31-0.240.580.92-0.020.430.04-0.080.06-0.34-0.010.61-0.030.810.14-0.38-0.01-0.190.74-0.12-0.06-0.46
0.82-0.150.410.770.940.65-0.210.850.750.60.950.370.73-0.010.360.830.530.960.860.890.83-0.370.910.950.23
0.60.480.320.560.210.730.440.230.660.270.29-0.030.190.610.360.110.720.420.040.250.290.270.30.28-0.04
0.66-0.180.460.540.850.39-0.240.850.510.540.920.530.56-0.030.830.110.370.880.720.870.65-0.210.840.910.05
0.780.710.160.80.270.850.660.350.80.350.40.350.20.810.530.720.370.630.130.390.380.410.40.42-0.08
0.840.010.390.780.890.63-0.050.860.720.650.940.520.670.140.960.420.880.630.780.890.76-0.190.890.940.14
0.58-0.470.160.510.940.36-0.510.810.510.460.870.260.74-0.380.860.040.720.130.780.860.72-0.690.790.880.22
0.68-0.160.330.530.940.55-0.220.980.640.620.960.250.57-0.010.890.250.870.390.890.860.61-0.280.780.97-0.12
0.82-0.310.570.820.770.51-0.370.580.680.510.750.520.91-0.190.830.290.650.380.760.720.61-0.470.820.720.54
-0.120.790.04-0.07-0.510.10.8-0.25-0.06-0.03-0.330.0-0.560.74-0.370.27-0.210.41-0.19-0.69-0.28-0.47-0.37-0.34-0.41
0.76-0.250.490.720.870.48-0.310.70.610.440.910.40.71-0.120.910.30.840.40.890.790.780.82-0.370.910.42
0.75-0.20.410.630.970.56-0.270.930.670.591.00.320.65-0.060.950.280.910.420.940.880.970.72-0.340.910.08
0.2-0.40.280.390.15-0.11-0.39-0.190.010.140.110.320.45-0.460.23-0.040.05-0.080.140.22-0.120.54-0.410.420.08
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Jindal Stainless Account Relationship Matchups

Jindal Stainless fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets106.8B107.3B148.6B271.4B308.2B158.5B
Short Long Term Debt Total39.8B32.3B32.0B39.6B60.5B52.8B
Other Current Liab5.9B7.6B14.9B18.6B15.9B10.0B
Total Current Liabilities46.0B40.6B72.1B109.5B100.4B59.6B
Total Stockholder Equity27.2B32.1B51.9B119.3B143.6B150.8B
Property Plant And Equipment Net61.6B58.8B59.3B97.8B131.3B83.7B
Net Debt39.4B31.6B29.8B34.9B48.2B50.5B
Cash394.1M689.2M2.1B4.7B12.3B12.9B
Non Current Assets Total68.5B66.2B73.3B120.3B160.3B91.4B
Non Currrent Assets Other488.6M1.3B6.1B2.7B7.7B8.1B
Cash And Short Term Investments419.4M695M2.8B17.2B18.7B19.6B
Net Receivables7.1B9.3B38.6B36.6B28.4B18.9B
Liabilities And Stockholders Equity106.8B107.3B148.6B271.4B308.2B158.5B
Non Current Liabilities Total33.5B34.6B24.3B42.2B64.0B46.8B
Inventory27.4B27.9B41.8B83.9B79.3B83.3B
Other Current Assets3.4B3.1B10.3B21.1B21.4B11.4B
Total Liab79.5B75.2B96.4B151.7B164.4B123.8B
Total Current Assets38.3B41.2B75.3B151.1B147.8B155.2B
Accumulated Other Comprehensive Income(19.1B)697.8M29.3B42.6M170.4M178.9M
Accounts Payable26.6B26.3B57.4B78.2B69.3B35.7B
Short Term Debt11.9B5.7B13.0B11.0B14.0B16.0B
Short Term Investments25.3M5.8M706.6M12.5B6.4B6.7B
Intangible Assets344.9M327.2M394.8M7.9B8.9B9.4B
Current Deferred Revenue6.5B7.6B12.2B17.8B1.2B1.2B
Retained Earnings14.3B19.6B38.4B76.6B100.7B105.8B
Other Liab5.1B5.6B8.0B13.2B15.2B16.0B
Net Tangible Assets26.8B31.7B88.8B109.7B126.2B132.5B
Other Assets(500K)2.5B100K60.3M54.3M51.6M
Long Term Debt27.2B25.9B14.2B27.9B45.6B35.1B
Short Long Term Debt11.9B5.1B17.1B10.8B13.9B17.3B
Property Plant Equipment61.6B58.8B59.3B97.8B88.0B57.3B
Long Term Debt Total27.2B26.6B14.8B28.1B25.3B27.1B
Cash And Equivalents55.4M9.1M824.3M800.9M921.0M967.1M

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Other Information on Investing in Jindal Stock

Balance Sheet is a snapshot of the financial position of Jindal Stainless at a specified time, usually calculated after every quarter, six months, or one year. Jindal Stainless Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Jindal Stainless 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.