JCET Short Term Debt vs Common Stock Analysis

600584 Stock

38.46 0.09 0.23%

JCET Group financial indicator trend analysis is infinitely more than just investigating JCET Group recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether JCET Group is a good investment. Please check the relationship between JCET Group Short Term Debt and its Common Stock accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in JCET Group Co. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Short Term Debt vs Common Stock

Short Term Debt vs Common Stock Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of JCET Group Short Term Debt account and Common Stock. At this time, the significance of the direction appears to have very strong relationship.

The correlation between JCET Group's Short Term Debt and Common Stock is 0.82. Overlapping area represents the amount of variation of Short Term Debt that can explain the historical movement of Common Stock in the same time period over historical financial statements of JCET Group Co, assuming nothing else is changed. The correlation between historical values of JCET Group's Short Term Debt and Common Stock is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Short Term Debt of JCET Group Co are associated (or correlated) with its Common Stock. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock has no effect on the direction of Short Term Debt i.e., JCET Group's Short Term Debt and Common Stock go up and down completely randomly.

Correlation Coefficient

0.82

Relationship Direction	Positive
Relationship Strength	Strong

View All Relationships

Short Term Debt

Common Stock

Most indicators from JCET Group's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into JCET Group 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in JCET Group Co. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

The current year's Selling General Administrative is expected to grow to about 468.5 M. The current year's Tax Provision is expected to grow to about 77.1 M

	2021	2022	2023	2024 (projected)
Gross Profit	5.6B	5.8B	4.0B	3.9B
Research Development	1.2B	1.3B	1.4B	1.0B

Gross Profit Research Development

JCET Group fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Retained Earnings	Accounts Payable	Cash	Other Assets	Long Term Debt	Net Receivables	Inventory	Other Current Assets	Total Liab	Common Stock	Property Plant Equipment	Short Term Investments	Intangible Assets	Net Tangible Assets	Good Will	Other Stockholder Equity	Deferred Long Term Liab	Long Term Investments	Short Long Term Debt	Total Current Assets	Short Term Debt
Total Assets		-0.07	0.73	0.88	0.5	0.69	0.85	0.76	0.66	0.66	0.98	0.97	0.66	0.75	0.93	0.99	0.59	0.92	0.84	-0.68	-0.37	-0.88	0.7	0.48	0.79	0.84
Other Current Liab	-0.07		0.28	-0.34	0.45	-0.49	0.2	-0.3	0.25	0.16	0.0	-0.11	0.31	0.33	-0.14	-0.02	-0.34	0.03	-0.35	0.22	0.32	0.2	-0.12	0.13	-0.32	-0.09
Total Current Liabilities	0.73	0.28		0.41	0.6	0.04	0.89	0.35	0.75	0.44	0.73	0.69	0.93	0.93	0.62	0.78	0.06	0.79	0.37	-0.33	0.21	-0.67	0.61	0.82	0.38	0.75
Total Stockholder Equity	0.88	-0.34	0.41		0.1	0.91	0.63	0.78	0.44	0.36	0.85	0.91	0.31	0.37	0.93	0.82	0.83	0.65	0.99	-0.83	-0.65	-0.9	0.75	0.22	0.93	0.79
Other Liab	0.5	0.45	0.6	0.1		-0.01	0.53	0.23	0.49	0.78	0.48	0.35	0.64	0.79	0.29	0.56	-0.06	0.71	0.02	0.07	0.18	-0.14	0.14	0.28	0.07	0.24
Retained Earnings	0.69	-0.49	0.04	0.91	-0.01		0.33	0.74	0.24	0.35	0.65	0.71	-0.02	0.09	0.76	0.61	0.89	0.46	0.9	-0.67	-0.79	-0.66	0.5	-0.16	0.85	0.52
Accounts Payable	0.85	0.2	0.89	0.63	0.53	0.33		0.4	0.79	0.52	0.88	0.86	0.78	0.89	0.75	0.87	0.37	0.79	0.6	-0.44	-0.13	-0.79	0.72	0.62	0.64	0.88
Cash	0.76	-0.3	0.35	0.78	0.23	0.74	0.4		0.41	0.49	0.7	0.69	0.38	0.36	0.8	0.73	0.46	0.72	0.76	-0.62	-0.39	-0.66	0.51	0.24	0.72	0.55
Other Assets	0.66	0.25	0.75	0.44	0.49	0.24	0.79	0.41		0.47	0.64	0.61	0.69	0.77	0.65	0.68	0.24	0.63	0.38	-0.13	-0.12	-0.51	0.46	0.38	0.51	0.62
Long Term Debt	0.66	0.16	0.44	0.36	0.78	0.35	0.52	0.49	0.47		0.65	0.52	0.5	0.71	0.44	0.71	0.16	0.8	0.29	-0.09	-0.18	-0.27	0.07	0.15	0.29	0.29
Net Receivables	0.98	0.0	0.73	0.85	0.48	0.65	0.88	0.7	0.64	0.65		0.98	0.62	0.76	0.92	0.98	0.56	0.89	0.82	-0.7	-0.37	-0.88	0.69	0.5	0.76	0.85
Inventory	0.97	-0.11	0.69	0.91	0.35	0.71	0.86	0.69	0.61	0.52	0.98		0.56	0.67	0.95	0.95	0.64	0.83	0.89	-0.77	-0.44	-0.94	0.77	0.49	0.82	0.89
Other Current Assets	0.66	0.31	0.93	0.31	0.64	-0.02	0.78	0.38	0.69	0.5	0.62	0.56		0.9	0.5	0.72	-0.04	0.79	0.27	-0.19	0.31	-0.53	0.48	0.77	0.32	0.62
Total Liab	0.75	0.33	0.93	0.37	0.79	0.09	0.89	0.36	0.77	0.71	0.76	0.67	0.9		0.56	0.81	0.06	0.87	0.31	-0.18	0.15	-0.55	0.47	0.67	0.36	0.66
Common Stock	0.93	-0.14	0.62	0.93	0.29	0.76	0.75	0.8	0.65	0.44	0.92	0.95	0.5	0.56		0.9	0.64	0.77	0.9	-0.79	-0.46	-0.9	0.74	0.41	0.83	0.82
Property Plant Equipment	0.99	-0.02	0.78	0.82	0.56	0.61	0.87	0.73	0.68	0.71	0.98	0.95	0.72	0.81	0.9		0.5	0.95	0.77	-0.63	-0.29	-0.85	0.66	0.54	0.73	0.82
Short Term Investments	0.59	-0.34	0.06	0.83	-0.06	0.89	0.37	0.46	0.24	0.16	0.56	0.64	-0.04	0.06	0.64	0.5		0.31	0.82	-0.59	-0.78	-0.61	0.52	-0.22	0.8	0.51
Intangible Assets	0.92	0.03	0.79	0.65	0.71	0.46	0.79	0.72	0.63	0.8	0.89	0.83	0.79	0.87	0.77	0.95	0.31		0.6	-0.46	-0.12	-0.69	0.52	0.55	0.57	0.69
Net Tangible Assets	0.84	-0.35	0.37	0.99	0.02	0.9	0.6	0.76	0.38	0.29	0.82	0.89	0.27	0.31	0.9	0.77	0.82	0.6		-0.87	-0.66	-0.91	0.76	0.22	0.93	0.79
Good Will	-0.68	0.22	-0.33	-0.83	0.07	-0.67	-0.44	-0.62	-0.13	-0.09	-0.7	-0.77	-0.19	-0.18	-0.79	-0.63	-0.59	-0.46	-0.87		0.52	0.85	-0.68	-0.34	-0.66	-0.66
Other Stockholder Equity	-0.37	0.32	0.21	-0.65	0.18	-0.79	-0.13	-0.39	-0.12	-0.18	-0.37	-0.44	0.31	0.15	-0.46	-0.29	-0.78	-0.12	-0.66	0.52		0.4	-0.27	0.51	-0.62	-0.26
Deferred Long Term Liab	-0.88	0.2	-0.67	-0.9	-0.14	-0.66	-0.79	-0.66	-0.51	-0.27	-0.88	-0.94	-0.53	-0.55	-0.9	-0.85	-0.61	-0.69	-0.91	0.85	0.4		-0.89	-0.56	-0.84	-0.95
Long Term Investments	0.7	-0.12	0.61	0.75	0.14	0.5	0.72	0.51	0.46	0.07	0.69	0.77	0.48	0.47	0.74	0.66	0.52	0.52	0.76	-0.68	-0.27	-0.89		0.5	0.82	0.94
Short Long Term Debt	0.48	0.13	0.82	0.22	0.28	-0.16	0.62	0.24	0.38	0.15	0.5	0.49	0.77	0.67	0.41	0.54	-0.22	0.55	0.22	-0.34	0.51	-0.56	0.5		0.15	0.61
Total Current Assets	0.79	-0.32	0.38	0.93	0.07	0.85	0.64	0.72	0.51	0.29	0.76	0.82	0.32	0.36	0.83	0.73	0.8	0.57	0.93	-0.66	-0.62	-0.84	0.82	0.15		0.83
Short Term Debt	0.84	-0.09	0.75	0.79	0.24	0.52	0.88	0.55	0.62	0.29	0.85	0.89	0.62	0.66	0.82	0.82	0.51	0.69	0.79	-0.66	-0.26	-0.95	0.94	0.61	0.83

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JCET Group Account Relationship Matchups

JCET Group fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	33.6B	32.3B	37.1B	39.4B	42.6B	44.7B
Other Current Liab	379.8M	350.6M	895.1M	4.2M	2.7M	2.6M
Total Current Liabilities	17.6B	13.8B	11.3B	11.0B	9.7B	6.8B
Total Stockholder Equity	12.6B	13.4B	21.0B	24.6B	26.1B	27.4B
Other Liab	506.8M	550.5M	574.7M	438.0M	503.7M	339.7M
Retained Earnings	353.6M	1.6B	4.5B	7.2B	8.2B	8.7B
Accounts Payable	5.6B	5.0B	5.9B	5.0B	5.0B	2.5B
Cash	2.6B	2.2B	2.8B	2.5B	7.3B	7.7B
Other Assets	386.2M	270.4M	266.5M	316.6M	364.1M	196.8M
Long Term Debt	1.6B	4.0B	3.8B	2.7B	5.8B	6.1B
Net Receivables	3.6B	3.8B	4.3B	3.7B	4.2B	4.4B
Inventory	2.7B	2.9B	3.2B	3.2B	3.2B	3.4B
Other Current Assets	691.3M	301.5M	386.7M	278.9M	375.3M	220.8M
Total Liab	20.9B	18.9B	16.1B	14.8B	16.4B	9.6B
Property Plant Equipment	19.6B	19.5B	18.7B	19.7B	22.7B	23.8B
Intangible Assets	586.7M	526.5M	446.8M	482.6M	662.6M	695.8M
Net Tangible Assets	9.4B	9.8B	10.8B	18.5B	21.3B	22.4B
Good Will	2.2B	2.1B	2.0B	2.2B	2.2B	1.8B
Other Stockholder Equity	181.9M	428.9M	(83.0M)	(280.6M)	(252.5M)	(239.9M)
Deferred Long Term Liab	772.9K	1.3M	344.0K	74.7K	67.3K	63.9K
Short Long Term Debt	9.1B	5.3B	2.2B	1.2B	1.7B	3.1B
Total Current Assets	9.6B	9.4B	13.4B	14.1B	17.6B	12.0B
Non Current Assets Total	24.0B	22.9B	23.7B	25.3B	25.0B	25.9B
Non Currrent Assets Other	934.9K	704.5K	799.8K	60.7M	48.3M	33.2M
Non Current Liabilities Total	3.3B	5.1B	4.8B	3.7B	6.7B	4.7B
Non Current Liabilities Other	28.9M	1.6B	592.5M	54.8M	41.3M	39.2M
Net Debt	8.1B	7.0B	3.2B	1.4B	147.6M	140.2M
Net Invested Capital	23.3B	22.7B	26.9B	28.5B	33.5B	27.8B
Net Working Capital	(8.1B)	(4.4B)	2.1B	3.1B	7.9B	8.3B

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Other Information on Investing in JCET Stock

Balance Sheet is a snapshot of the financial position of JCET Group at a specified time, usually calculated after every quarter, six months, or one year. JCET Group Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of JCET Group 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 JCET currently owns. An asset can also be divided into two categories, current and non-current.

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JCET Short Term Debt vs Common Stock Analysis

Short Term Debt vs Common Stock

Short Term Debt vs Common Stock Correlation Analysis

Correlation Coefficient

Short Term Debt

Common Stock

JCET Group fundamental ratios Correlations

JCET Group Account Relationship Matchups

High Positive Relationship

High Negative Relationship

JCET Group fundamental ratios Accounts

Currently Active Assets on Macroaxis

Other Information on Investing in JCET Stock

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Property Plant Equipment	+ 0.99	Total Assets
Net Tangible Assets	+ 0.99	Total Stockholder Equity
Net Receivables	+ 0.98	Total Assets
Inventory	+ 0.98	Net Receivables
Property Plant Equipment	+ 0.98	Net Receivables
Inventory	+ 0.97	Total Assets

Short Term Debt	- 0.95	Deferred Long Term Liab
Deferred Long Term Liab	- 0.94	Inventory
Deferred Long Term Liab	- 0.91	Net Tangible Assets
Deferred Long Term Liab	- 0.9	Common Stock
Deferred Long Term Liab	- 0.9	Total Stockholder Equity
Long Term Investments	- 0.89	Deferred Long Term Liab