Jyoti Net Debt vs Non Currrent Assets Other Analysis
JYOTICNC | 1,369 23.70 1.76% |
Jyoti CNC financial indicator trend analysis is infinitely more than just investigating Jyoti CNC Automation recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Jyoti CNC Automation is a good investment. Please check the relationship between Jyoti CNC Net Debt and its Non Currrent Assets Other accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Jyoti CNC Automation. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.
Net Debt vs Non Currrent Assets Other
Net Debt vs Non Currrent Assets Other Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Jyoti CNC Automation Net Debt account and Non Currrent Assets Other. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Jyoti CNC's Net Debt and Non Currrent Assets Other is -0.33. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Non Currrent Assets Other in the same time period over historical financial statements of Jyoti CNC Automation, assuming nothing else is changed. The correlation between historical values of Jyoti CNC's Net Debt and Non Currrent Assets Other is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Debt of Jyoti CNC Automation are associated (or correlated) with its Non Currrent Assets Other. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Currrent Assets Other has no effect on the direction of Net Debt i.e., Jyoti CNC's Net Debt and Non Currrent Assets Other go up and down completely randomly.
Correlation Coefficient | -0.33 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
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.Non Currrent Assets Other
Assets that are not physical or tangible, expected to provide value for more than one year, and not easily converted into cash, such as long-term investments or patents.Most indicators from Jyoti CNC's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Jyoti CNC Automation 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 Jyoti CNC Automation. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product. As of the 28th of December 2024, Selling General Administrative is likely to drop to about 609.1 M
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 730.3M | 897.0M | 897.2M | 854.2M | Depreciation And Amortization | 357.9M | 336.2M | 327.5M | 283.6M |
Jyoti CNC fundamental ratios Correlations
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Jyoti CNC Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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Balance Sheet is a snapshot of the financial position of Jyoti CNC Automation at a specified time, usually calculated after every quarter, six months, or one year. Jyoti CNC Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Jyoti CNC 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 Jyoti currently owns. An asset can also be divided into two categories, current and non-current.