James Net Receivables vs Net Debt Analysis

JHX Stock

USD 36.15 0.98 2.79%

James Hardie financial indicator trend analysis is infinitely more than just investigating James Hardie Industries recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether James Hardie Industries is a good investment. Please check the relationship between James Hardie Net Receivables and its Net Debt accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in James Hardie Industries. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate.

Net Receivables vs Net Debt

Net Receivables vs Net Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of James Hardie Industries Net Receivables account and Net Debt. At this time, the significance of the direction appears to have strong relationship.

The correlation between James Hardie's Net Receivables and Net Debt is 0.74. Overlapping area represents the amount of variation of Net Receivables that can explain the historical movement of Net Debt in the same time period over historical financial statements of James Hardie Industries, assuming nothing else is changed. The correlation between historical values of James Hardie's Net Receivables and Net Debt 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 Receivables of James Hardie Industries are associated (or correlated) with its Net Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Debt has no effect on the direction of Net Receivables i.e., James Hardie's Net Receivables and Net Debt go up and down completely randomly.

Correlation Coefficient

0.74

Relationship Direction	Positive
Relationship Strength	Significant

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Net Receivables

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.

Most indicators from James Hardie's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into James Hardie Industries 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 James Hardie Industries. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate.

At this time, James Hardie's Selling General Administrative is fairly stable compared to the past year. Issuance Of Capital Stock is likely to rise to about 420 K in 2024, whereas Tax Provision is likely to drop slightly above 125.3 M in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	1.3B	1.3B	1.6B	1.7B
Total Revenue	3.6B	3.8B	3.9B	4.1B

Gross Profit Total Revenue

James Hardie 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	Good Will	Inventory	Other Current Assets	Total Liab	Intangible Assets	Common Stock	Property Plant Equipment	Common Stock Shares Outstanding	Short Long Term Debt Total	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables
Total Assets		-0.19	0.81	0.76	0.06	0.75	0.78	0.13	0.87	0.85	0.91	0.88	0.26	0.86	0.91	-0.38	0.75	0.25	0.72	0.95	0.66	0.73	0.99	-0.53	0.29	0.95
Other Current Liab	-0.19		-0.23	-0.01	0.17	0.0	-0.21	0.37	-0.06	-0.14	-0.26	-0.03	0.54	-0.13	-0.29	-0.24	0.15	-0.34	-0.05	-0.07	-0.46	-0.22	-0.19	0.2	0.35	-0.37
Total Current Liabilities	0.81	-0.23		0.59	0.17	0.57	0.6	0.19	0.66	0.46	0.7	0.6	0.22	0.73	0.69	-0.36	0.62	0.25	0.42	0.79	0.8	0.4	0.78	-0.37	0.29	0.8
Total Stockholder Equity	0.76	-0.01	0.59		-0.29	1.0	0.85	0.43	0.82	0.59	0.87	0.55	0.63	0.43	0.83	-0.22	0.92	-0.4	0.72	0.77	0.76	0.57	0.77	-0.46	0.44	0.72
Other Liab	0.06	0.17	0.17	-0.29		-0.3	-0.09	0.06	0.09	-0.12	-0.24	0.21	-0.04	0.46	-0.23	-0.77	-0.1	0.34	-0.29	-0.04	-0.12	-0.36	0.02	0.11	0.29	0.03
Retained Earnings	0.75	0.0	0.57	1.0	-0.3		0.84	0.43	0.81	0.58	0.87	0.54	0.63	0.41	0.83	-0.2	0.91	-0.41	0.71	0.76	0.74	0.57	0.76	-0.45	0.44	0.71
Accounts Payable	0.78	-0.21	0.6	0.85	-0.09	0.84		0.34	0.84	0.67	0.83	0.68	0.51	0.63	0.8	-0.43	0.87	-0.23	0.79	0.78	0.76	0.66	0.79	-0.58	0.48	0.86
Cash	0.13	0.37	0.19	0.43	0.06	0.43	0.34		0.23	0.01	0.11	0.04	0.78	0.05	0.06	-0.3	0.48	-0.57	0.19	0.18	0.29	-0.17	0.07	-0.06	0.94	0.1
Other Assets	0.87	-0.06	0.66	0.82	0.09	0.81	0.84	0.23		0.79	0.9	0.76	0.41	0.8	0.9	-0.55	0.83	-0.1	0.81	0.8	0.63	0.71	0.91	-0.59	0.4	0.83
Long Term Debt	0.85	-0.14	0.46	0.59	-0.12	0.58	0.67	0.01	0.79		0.82	0.86	0.12	0.76	0.84	-0.23	0.6	0.23	0.87	0.8	0.32	0.91	0.87	-0.59	0.17	0.79
Good Will	0.91	-0.26	0.7	0.87	-0.24	0.87	0.83	0.11	0.9	0.82		0.7	0.27	0.66	1.0	-0.18	0.78	-0.02	0.8	0.85	0.71	0.8	0.94	-0.55	0.2	0.88
Inventory	0.88	-0.03	0.6	0.55	0.21	0.54	0.68	0.04	0.76	0.86	0.7		0.22	0.89	0.71	-0.52	0.68	0.33	0.74	0.89	0.38	0.75	0.87	-0.49	0.26	0.83
Other Current Assets	0.26	0.54	0.22	0.63	-0.04	0.63	0.51	0.78	0.41	0.12	0.27	0.22		0.11	0.21	-0.37	0.74	-0.66	0.38	0.39	0.35	0.07	0.24	-0.22	0.74	0.19
Total Liab	0.86	-0.13	0.73	0.43	0.46	0.41	0.63	0.05	0.8	0.76	0.66	0.89	0.11		0.67	-0.68	0.57	0.42	0.62	0.79	0.44	0.61	0.85	-0.51	0.32	0.83
Intangible Assets	0.91	-0.29	0.69	0.83	-0.23	0.83	0.8	0.06	0.9	0.84	1.0	0.71	0.21	0.67		-0.16	0.73	0.04	0.79	0.84	0.68	0.81	0.95	-0.54	0.15	0.87
Common Stock	-0.38	-0.24	-0.36	-0.22	-0.77	-0.2	-0.43	-0.3	-0.55	-0.23	-0.18	-0.52	-0.37	-0.68	-0.16		-0.47	0.04	-0.29	-0.35	-0.23	-0.08	-0.37	0.32	-0.56	-0.38
Property Plant Equipment	0.75	0.15	0.62	0.92	-0.1	0.91	0.87	0.48	0.83	0.6	0.78	0.68	0.74	0.57	0.73	-0.47		-0.38	0.8	0.83	0.71	0.6	0.76	-0.57	0.56	0.73
Common Stock Shares Outstanding	0.25	-0.34	0.25	-0.4	0.34	-0.41	-0.23	-0.57	-0.1	0.23	-0.02	0.33	-0.66	0.42	0.04	0.04	-0.38		-0.16	0.18	-0.17	0.15	0.21	0.02	-0.43	0.23
Short Long Term Debt Total	0.72	-0.05	0.42	0.72	-0.29	0.71	0.79	0.19	0.81	0.87	0.8	0.74	0.38	0.62	0.79	-0.29	0.8	-0.16		0.77	0.46	0.92	0.77	-0.7	0.3	0.73
Property Plant And Equipment Net	0.95	-0.07	0.79	0.77	-0.04	0.76	0.78	0.18	0.8	0.8	0.85	0.89	0.39	0.79	0.84	-0.35	0.83	0.18	0.77		0.65	0.75	0.94	-0.57	0.31	0.91
Current Deferred Revenue	0.66	-0.46	0.8	0.76	-0.12	0.74	0.76	0.29	0.63	0.32	0.71	0.38	0.35	0.44	0.68	-0.23	0.71	-0.17	0.46	0.65		0.36	0.65	-0.45	0.31	0.75
Net Debt	0.73	-0.22	0.4	0.57	-0.36	0.57	0.66	-0.17	0.71	0.91	0.8	0.75	0.07	0.61	0.81	-0.08	0.6	0.15	0.92	0.75	0.36		0.79	-0.65	-0.05	0.74
Non Current Assets Total	0.99	-0.19	0.78	0.77	0.02	0.76	0.79	0.07	0.91	0.87	0.94	0.87	0.24	0.85	0.95	-0.37	0.76	0.21	0.77	0.94	0.65	0.79		-0.55	0.23	0.94
Non Currrent Assets Other	-0.53	0.2	-0.37	-0.46	0.11	-0.45	-0.58	-0.06	-0.59	-0.59	-0.55	-0.49	-0.22	-0.51	-0.54	0.32	-0.57	0.02	-0.7	-0.57	-0.45	-0.65	-0.55		-0.18	-0.63
Cash And Short Term Investments	0.29	0.35	0.29	0.44	0.29	0.44	0.48	0.94	0.4	0.17	0.2	0.26	0.74	0.32	0.15	-0.56	0.56	-0.43	0.3	0.31	0.31	-0.05	0.23	-0.18		0.27
Net Receivables	0.95	-0.37	0.8	0.72	0.03	0.71	0.86	0.1	0.83	0.79	0.88	0.83	0.19	0.83	0.87	-0.38	0.73	0.23	0.73	0.91	0.75	0.74	0.94	-0.63	0.27

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James Hardie Account Relationship Matchups

James Hardie fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	4.0B	4.1B	4.2B	4.5B	4.9B	2.6B
Other Current Liab	12.1M	(25.7M)	(619.6M)	266.6M	506.2M	531.5M
Total Current Liabilities	404.6M	901.1M	769.9M	697.3M	797.7M	446.3M
Total Stockholder Equity	1.0B	1.1B	1.3B	1.6B	1.9B	2.0B
Other Liab	1.1B	1.2B	1.2B	1.0B	1.2B	1.2B
Retained Earnings	654.1M	611.4M	892.4M	1.2B	1.4B	1.5B
Accounts Payable	274.7M	174M	273.6M	198.2M	252M	264.6M
Cash	144.4M	208.5M	125M	113M	365M	383.3M
Other Assets	1.4B	1.3B	1.2B	1.2B	1.3B	1.4B
Long Term Debt	1.4B	858.6M	877.3M	1.1B	1.1B	574.2M
Good Will	202.7M	209.3M	199.5M	194.9M	192.6M	127.3M
Inventory	305.1M	218.3M	279.7M	344.2M	337.8M	203.3M
Other Current Assets	1.5M	1.6M	3.2M	42.8M	354.4M	372.1M
Total Liab	3.0B	3.0B	2.9B	2.9B	3.1B	2.2B
Intangible Assets	166.7M	173.9M	162.8M	155.2M	149.2M	90.7M
Property Plant Equipment	1.4B	1.4B	1.5B	1.9B	2.2B	2.3B
Common Stock Shares Outstanding	444.1M	445.4M	445.9M	445.6M	439.6M	356.2M
Liabilities And Stockholders Equity	4.0B	4.1B	4.2B	4.5B	4.9B	2.6B
Short Long Term Debt Total	1.4B	922.6M	955.5M	1.1B	1.2B	1.3B
Property Plant And Equipment Net	1.4B	1.4B	1.5B	1.9B	2.1B	1.1B
Current Deferred Revenue	103M	563.4M	819.2M	376.5M	433.0M	454.6M
Net Debt	1.3B	714.1M	830.5M	1.0B	836M	431.6M
Non Current Assets Total	3.1B	3.1B	3.1B	3.4B	3.5B	2.0B
Non Currrent Assets Other	4.7M	3.4M	22.7M	34.3M	19.3M	18.3M
Cash And Short Term Investments	207.4M	208.5M	125M	113M	365M	383.3M
Net Receivables	369.8M	339.8M	406.3M	361.6M	371.2M	223.9M
Short Term Investments	63M	26.6M	119.7M	140.9M	178.4M	187.3M
Non Current Liabilities Total	2.6B	2.1B	2.1B	2.2B	2.3B	1.9B
Other Stockholder Equity	218.5M	224.6M	230.4M	237.9M	256.5M	269.3M
Total Current Assets	908M	943.6M	1.1B	1.1B	1.4B	735.6M
Accumulated Other Comprehensive Income	(62.1M)	(6.6M)	(22M)	(53.3M)	(68.3M)	(64.9M)
Short Term Debt	13.4M	14.8M	8.8M	18.9M	26.5M	43.4M
Property Plant And Equipment Gross	1.4B	1.4B	2.7B	3.3B	3.6B	3.7B
Net Tangible Assets	671.7M	677.6M	970.6M	1.3B	1.5B	1.5B
Long Term Debt Total	1.4B	1.4B	860.5M	878.8M	1.0B	1.1B

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James Net Receivables vs Net Debt Analysis

Net Receivables vs Net Debt

Net Receivables vs Net Debt Correlation Analysis

Correlation Coefficient

Net Receivables

Net Debt

James Hardie fundamental ratios Correlations

James Hardie Account Relationship Matchups

High Positive Relationship

High Negative Relationship

James Hardie fundamental ratios Accounts

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Additional Tools for James Stock Analysis

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Retained Earnings	+ 1.0	Total Stockholder Equity
Intangible Assets	+ 1.0	Good Will
Non Current Assets Total	+ 0.99	Total Assets
Property Plant And Equipment Net	+ 0.95	Total Assets
Net Receivables	+ 0.95	Total Assets
Non Current Assets Total	+ 0.95	Intangible Assets

Common Stock	- 0.77	Other Liab
Non Currrent Assets Other	- 0.7	Short Long Term Debt Total
Common Stock	- 0.68	Total Liab
Common Stock Shares Outstanding	- 0.66	Other Current Assets
Non Currrent Assets Other	- 0.65	Net Debt
Net Receivables	- 0.63	Non Currrent Assets Other