JAMES HARDIE Debt To Equity vs. Cash And Equivalents
| JHA0 Stock | EUR 31.40 0.20 0.63% |
For JAMES HARDIE profitability analysis, we use financial ratios and fundamental drivers that measure the ability of JAMES HARDIE to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well JAMES HARDIE INDUSTADR1 utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between JAMES HARDIE's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of JAMES HARDIE INDUSTADR1 over time as well as its relative position and ranking within its peers.
JAMES |
JAMES HARDIE INDUSTADR1 Cash And Equivalents vs. Debt To Equity Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining JAMES HARDIE's current stock value. Our valuation model uses many indicators to compare JAMES HARDIE value to that of its competitors to determine the firm's financial worth. JAMES HARDIE INDUSTADR1 is currently regarded as number one stock in debt to equity category among its peers. It also is currently regarded as number one stock in cash and equivalents category among its peers creating about 239,930,955 of Cash And Equivalents per Debt To Equity. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the JAMES HARDIE's earnings, one of the primary drivers of an investment's value.JAMES Cash And Equivalents vs. Debt To Equity
Debt to Equity is calculated by dividing the Total Debt of a company by its Equity. If the debt exceeds equity of a company, then the creditors have more stakes in a firm than the stockholders. In other words, Debt to Equity ratio provides analysts with insights about composition of both equity and debt, and its influence on the valuation of the company.
JAMES HARDIE |
| = | 0.87 % |
High Debt to Equity ratio typically indicates that a firm has been borrowing aggressively to finance its growth and as a result may experience a burden of additional interest expense. This may reduce earnings or future growth. On the other hand a small D/E ratio may indicate that a company is not taking enough advantage from financial leverage. Debt to Equity ratio measures how the company is leveraging borrowing against the capital invested by the owners.
Cash or Cash Equivalents are the most liquid of all assets found on the company's balance sheet. It is used in calculating many of the firm's liquidity ratios and is a good indicator of the overall financial health of a company. Companies with a lot of cash are usually attractive takeover targets. Cash Equivalents are balance sheet items that are typically reported using currency printed on notes.
JAMES HARDIE |
| = | 208.5 M |
Cash equivalents represent current assets that are easily convertible to cash such as short term bonds, savings account, money market funds, or certificate of deposits (CDs). One of the important consideration companies make when classifying assets as cash equivalent is that investments they report on their balance sheets under current assets should have almost no risk of change in value over the next few months (usually three months).
JAMES Cash And Equivalents Comparison
JAMES HARDIE is currently under evaluation in cash and equivalents category among its peers.
JAMES HARDIE Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in JAMES HARDIE, profitability is also one of the essential criteria for including it into their portfolios because, without profit, JAMES HARDIE will eventually generate negative long term returns. The profitability progress is the general direction of JAMES HARDIE's change in net profit over the period of time. It can combine multiple indicators of JAMES HARDIE, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
James Hardie Industries plc, together with its subsidiaries, manufactures and sells fiber cement, fiber gypsum, and cement bonded building products for interior and exterior building construction applications primarily in the United States, Australia, Europe, New Zealand, the Philippines, and Canada. The company was founded in 1888 and is headquartered in Dublin, Ireland. JAMES HARDIE operates under Building Materials classification in Germany and is traded on Frankfurt Stock Exchange.
JAMES Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on JAMES HARDIE. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of JAMES HARDIE position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the JAMES HARDIE's important profitability drivers and their relationship over time.
Use JAMES HARDIE in pair-trading
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if JAMES HARDIE position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in JAMES HARDIE will appreciate offsetting losses from the drop in the long position's value.JAMES HARDIE Pair Trading
JAMES HARDIE INDUSTADR1 Pair Trading Analysis
The ability to find closely correlated positions to JAMES HARDIE could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace JAMES HARDIE when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back JAMES HARDIE - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling JAMES HARDIE INDUSTADR1 to buy it.
The correlation of JAMES HARDIE is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as JAMES HARDIE moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if JAMES HARDIE INDUSTADR1 moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for JAMES HARDIE can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Use Investing Themes to Complement your JAMES HARDIE position
In addition to having JAMES HARDIE in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Cash Cows Thematic Idea Now
Cash Cows
Entities with stable and reliable earnings or profits, which allows them to pay consistent dividends to their shareholders. The Cash Cows theme has 25 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Cash Cows Theme or any other thematic opportunities.
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Other Information on Investing in JAMES Stock
To fully project JAMES HARDIE's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of JAMES HARDIE INDUSTADR1 at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include JAMES HARDIE's income statement, its balance sheet, and the statement of cash flows.