JBHT Total Liab vs Other Current Assets Analysis

JBHT Stock

USD 161.35 0.69 0.43%

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

Total Liab vs Other Current Assets

Total Liab vs Other Current Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of JB Hunt Transport Total Liab account and Other Current Assets. At this time, the significance of the direction appears to have strong relationship.

The correlation between JB Hunt's Total Liab and Other Current Assets is 0.75. Overlapping area represents the amount of variation of Total Liab that can explain the historical movement of Other Current Assets in the same time period over historical financial statements of JB Hunt Transport, assuming nothing else is changed. The correlation between historical values of JB Hunt's Total Liab and Other Current Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Liab of JB Hunt Transport are associated (or correlated) with its Other Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Assets has no effect on the direction of Total Liab i.e., JB Hunt's Total Liab and Other Current Assets go up and down completely randomly.

Correlation Coefficient

0.75

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Total Liab

The total amount of all liabilities that a company has, including both short-term and long-term liabilities.

Other Current Assets

Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.

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

At this time, JB Hunt's Selling General Administrative is comparatively stable compared to the past year. Enterprise Value Over EBITDA is likely to gain to 13.45 in 2024, whereas Tax Provision is likely to drop slightly above 208.4 M in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	1.9B	2.5B	1.4B	1.2B
Total Revenue	12.2B	14.8B	12.8B	13.5B

Gross Profit Total Revenue

JB Hunt fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Accounts Payable	Current Deferred Revenue	Common Stock Total Equity	Property Plant And Equipment Gross	Common Stock
Total Assets		0.96	0.96	0.96	0.99	0.99	0.9	1.0	0.38	0.99	0.24	0.38	0.99	-0.89	0.95	0.85	0.77	-0.88	0.99	0.96	-0.02	0.93	-0.84	0.43	0.93	0.43
Short Long Term Debt Total	0.96		0.86	0.89	0.93	0.97	0.97	0.95	0.28	0.97	0.15	0.28	0.94	-0.88	0.97	0.84	0.64	-0.79	0.97	0.88	0.08	0.87	-0.8	0.52	0.93	0.53
Other Current Liab	0.96	0.86		0.95	0.97	0.93	0.78	0.96	0.47	0.94	0.37	0.47	0.96	-0.83	0.87	0.79	0.82	-0.94	0.94	0.96	-0.22	0.91	-0.79	0.32	0.86	0.33
Total Current Liabilities	0.96	0.89	0.95		0.96	0.94	0.82	0.96	0.44	0.94	0.35	0.44	0.97	-0.85	0.85	0.8	0.79	-0.83	0.95	0.96	-0.13	0.95	-0.84	0.41	0.86	0.41
Total Stockholder Equity	0.99	0.93	0.97	0.96		0.98	0.87	0.99	0.39	0.99	0.28	0.39	0.99	-0.85	0.92	0.82	0.77	-0.9	0.97	0.96	-0.05	0.92	-0.8	0.34	0.93	0.35
Property Plant And Equipment Net	0.99	0.97	0.93	0.94	0.98		0.95	0.98	0.28	1.0	0.19	0.28	0.98	-0.87	0.97	0.88	0.7	-0.84	0.99	0.92	0.02	0.9	-0.83	0.45	0.95	0.45
Net Debt	0.9	0.97	0.78	0.82	0.87	0.95		0.89	0.06	0.93	0.08	0.06	0.87	-0.82	0.95	0.86	0.55	-0.69	0.93	0.78	0.13	0.8	-0.74	0.51	0.92	0.52
Retained Earnings	1.0	0.95	0.96	0.96	0.99	0.98	0.89		0.4	0.99	0.24	0.4	0.99	-0.91	0.95	0.83	0.79	-0.89	0.99	0.97	-0.01	0.95	-0.84	0.44	0.91	0.44
Cash	0.38	0.28	0.47	0.44	0.39	0.28	0.06	0.4		0.3	0.3	1.0	0.42	-0.43	0.27	0.08	0.49	-0.56	0.36	0.57	-0.17	0.42	-0.38	0.15	0.16	0.15
Non Current Assets Total	0.99	0.97	0.94	0.94	0.99	1.0	0.93	0.99	0.3		0.22	0.3	0.98	-0.87	0.96	0.88	0.71	-0.86	0.99	0.93	-0.01	0.9	-0.82	0.42	0.95	0.43
Non Currrent Assets Other	0.24	0.15	0.37	0.35	0.28	0.19	0.08	0.24	0.3	0.22		0.3	0.23	-0.14	0.08	0.21	0.33	-0.42	0.2	0.3	-0.78	0.27	-0.14	-0.07	0.19	-0.07
Cash And Short Term Investments	0.38	0.28	0.47	0.44	0.39	0.28	0.06	0.4	1.0	0.3	0.3		0.42	-0.43	0.27	0.08	0.49	-0.56	0.36	0.57	-0.17	0.42	-0.38	0.15	0.16	0.15
Net Receivables	0.99	0.94	0.96	0.97	0.99	0.98	0.87	0.99	0.42	0.98	0.23	0.42		-0.9	0.93	0.82	0.78	-0.87	0.98	0.98	0.01	0.95	-0.85	0.43	0.9	0.44
Common Stock Shares Outstanding	-0.89	-0.88	-0.83	-0.85	-0.85	-0.87	-0.82	-0.91	-0.43	-0.87	-0.14	-0.43	-0.9		-0.91	-0.73	-0.82	0.74	-0.92	-0.91	-0.15	-0.93	0.87	-0.72	-0.7	-0.73
Non Current Liabilities Total	0.95	0.97	0.87	0.85	0.92	0.97	0.95	0.95	0.27	0.96	0.08	0.27	0.93	-0.91		0.85	0.68	-0.82	0.97	0.88	0.11	0.86	-0.83	0.55	0.89	0.56
Inventory	0.85	0.84	0.79	0.8	0.82	0.88	0.86	0.83	0.08	0.88	0.21	0.08	0.82	-0.73	0.85		0.5	-0.66	0.86	0.73	-0.06	0.71	-0.86	0.55	0.85	0.56
Other Current Assets	0.77	0.64	0.82	0.79	0.77	0.7	0.55	0.79	0.49	0.71	0.33	0.49	0.78	-0.82	0.68	0.5		-0.72	0.75	0.87	-0.09	0.89	-0.64	0.37	0.51	0.38
Other Stockholder Equity	-0.88	-0.79	-0.94	-0.83	-0.9	-0.84	-0.69	-0.89	-0.56	-0.86	-0.42	-0.56	-0.87	0.74	-0.82	-0.66	-0.72		-0.86	-0.89	0.29	-0.79	0.69	-0.23	-0.79	-0.24
Total Liab	0.99	0.97	0.94	0.95	0.97	0.99	0.93	0.99	0.36	0.99	0.2	0.36	0.98	-0.92	0.97	0.86	0.75	-0.86		0.95	0.01	0.93	-0.86	0.51	0.91	0.52
Total Current Assets	0.96	0.88	0.96	0.96	0.96	0.92	0.78	0.97	0.57	0.93	0.3	0.57	0.98	-0.91	0.88	0.73	0.87	-0.89	0.95		-0.05	0.96	-0.83	0.42	0.8	0.43
Short Term Debt	-0.02	0.08	-0.22	-0.13	-0.05	0.02	0.13	-0.01	-0.17	-0.01	-0.78	-0.17	0.01	-0.15	0.11	-0.06	-0.09	0.29	0.01	-0.05		0.03	-0.07	0.26	-0.04	0.26
Accounts Payable	0.93	0.87	0.91	0.95	0.92	0.9	0.8	0.95	0.42	0.9	0.27	0.42	0.95	-0.93	0.86	0.71	0.89	-0.79	0.93	0.96	0.03		-0.82	0.48	0.77	0.49
Current Deferred Revenue	-0.84	-0.8	-0.79	-0.84	-0.8	-0.83	-0.74	-0.84	-0.38	-0.82	-0.14	-0.38	-0.85	0.87	-0.83	-0.86	-0.64	0.69	-0.86	-0.83	-0.07	-0.82		-0.72	-0.69	-0.73
Common Stock Total Equity	0.43	0.52	0.32	0.41	0.34	0.45	0.51	0.44	0.15	0.42	-0.07	0.15	0.43	-0.72	0.55	0.55	0.37	-0.23	0.51	0.42	0.26	0.48	-0.72		0.26	1.0
Property Plant And Equipment Gross	0.93	0.93	0.86	0.86	0.93	0.95	0.92	0.91	0.16	0.95	0.19	0.16	0.9	-0.7	0.89	0.85	0.51	-0.79	0.91	0.8	-0.04	0.77	-0.69	0.26		0.26
Common Stock	0.43	0.53	0.33	0.41	0.35	0.45	0.52	0.44	0.15	0.43	-0.07	0.15	0.44	-0.73	0.56	0.56	0.38	-0.24	0.52	0.43	0.26	0.49	-0.73	1.0	0.26

Click cells to compare fundamentals

JB Hunt Account Relationship Matchups

JB Hunt fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	5.5B	5.9B	6.8B	7.7B	8.8B	9.2B
Short Long Term Debt Total	1.3B	1.3B	1.3B	1.3B	1.9B	2.0B
Other Current Liab	433.2M	538.7M	600.9M	769.5M	692.2M	726.8M
Total Current Liabilities	1.0B	1.1B	1.7B	1.6B	1.8B	1.9B
Total Stockholder Equity	2.3B	2.6B	3.1B	3.7B	4.1B	4.3B
Property Plant And Equipment Net	3.6B	3.7B	4.1B	5.0B	6.1B	6.4B
Net Debt	1.3B	992.1M	945.7M	1.2B	1.9B	2.0B
Retained Earnings	4.6B	5.0B	5.6B	6.4B	7.0B	7.3B
Cash	35M	313.3M	355.5M	51.9M	53.3M	33.6M
Non Current Assets Total	4.0B	4.1B	4.5B	5.6B	6.7B	7.1B
Non Currrent Assets Other	165.9M	185.2M	36.6M	115.1M	29.7M	31.2M
Cash And Short Term Investments	35M	313.3M	355.5M	51.9M	53.3M	33.6M
Net Receivables	1.0B	1.1B	1.5B	1.5B	1.7B	1.8B
Common Stock Shares Outstanding	108.3M	106.8M	106.6M	105.3M	104.5M	107.5M
Liabilities And Stockholders Equity	5.5B	5.9B	6.8B	7.7B	8.8B	9.2B
Non Current Liabilities Total	2.2B	2.2B	1.9B	2.5B	2.9B	3.1B
Inventory	21.1M	23.8M	25.0M	40.6M	42.2M	44.3M
Other Current Assets	434.5M	423.3M	444.9M	587.5M	299.5M	314.5M
Other Stockholder Equity	(2.3B)	(2.4B)	(2.5B)	(2.8B)	(2.9B)	(2.7B)
Total Liab	3.2B	3.3B	3.7B	4.1B	4.7B	4.9B
Total Current Assets	1.5B	1.9B	2.3B	2.2B	2.1B	2.2B
Short Term Debt	44.4M	48.3M	356.0M	86M	349.9M	224.3M
Accounts Payable	602.6M	587.5M	769.5M	798.8M	737.4M	774.2M
Property Plant And Equipment Gross	3.6B	3.7B	4.1B	5.2B	8.8B	9.2B
Other Liab	792.2M	915.5M	1.0B	1.1B	1.2B	1.3B
Other Assets	6K	397.3M	(28K)	41K	1.0	0.95
Long Term Debt	1.3B	1.3B	945.3M	1.3B	1.3B	796.4M
Treasury Stock	(2.7B)	(2.8B)	(3.0B)	(3.3B)	(2.9B)	(2.8B)
Property Plant Equipment	3.6B	3.7B	4.1B	5.2B	6.0B	6.3B
Net Tangible Assets	2.1B	2.4B	3.1B	3.4B	3.9B	4.1B
Good Will	96.3M	105.4M	100.5M	120.4M	134.1M	140.8M
Retained Earnings Total Equity	4.6B	5.0B	5.6B	6.4B	7.4B	7.8B
Long Term Debt Total	898.4M	1.3B	1.3B	1.3B	1.5B	1.0B
Capital Surpluse	374.0M	408.2M	448.2M	499.9M	574.9M	345.7M
Non Current Liabilities Other	173.2M	204.6M	256.2M	369.3M	392.8M	412.4M

Pair Trading with JB Hunt

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 JB Hunt 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 JB Hunt will appreciate offsetting losses from the drop in the long position's value.

Moving together with JBHT Stock

0.64	EXPD	Expeditors International	Pair Corr
0.83	JYD	Jayud Global Logistics	Pair Corr

Moving against JBHT Stock

0.65	ZTO	ZTO Express	Pair Corr
0.52	SFWL	Shengfeng Development	Pair Corr
0.41	SGLY	Singularity Future	Pair Corr

The ability to find closely correlated positions to JB Hunt could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace JB Hunt 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 JB Hunt - 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 JB Hunt Transport to buy it.

The correlation of JB Hunt 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 JB Hunt moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if JB Hunt Transport 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 JB Hunt 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.

Pair Correlation Correlation Matching

Additional Tools for JBHT Stock Analysis

When running JB Hunt's price analysis, check to measure JB Hunt's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy JB Hunt is operating at the current time. Most of JB Hunt's value examination focuses on studying past and present price action to predict the probability of JB Hunt's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move JB Hunt's price. Additionally, you may evaluate how the addition of JB Hunt to your portfolios can decrease your overall portfolio volatility.

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