Independent Good Will vs Capital Stock Analysis

IBTX Stock

USD 66.92 0.34 0.51%

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

For more information on how to buy Independent Stock please use our How to Invest in Independent Bank guide.

Good Will vs Capital Stock

Good Will vs Capital Stock Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Independent Bank Good Will account and Capital Stock. At this time, the significance of the direction appears to have very strong relationship.

The correlation between Independent Bank's Good Will and Capital Stock is 0.89. Overlapping area represents the amount of variation of Good Will that can explain the historical movement of Capital Stock in the same time period over historical financial statements of Independent Bank Group, assuming nothing else is changed. The correlation between historical values of Independent Bank's Good Will and Capital 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 Good Will of Independent Bank Group are associated (or correlated) with its Capital Stock. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capital Stock has no effect on the direction of Good Will i.e., Independent Bank's Good Will and Capital Stock go up and down completely randomly.

Correlation Coefficient

0.89

Relationship Direction	Positive
Relationship Strength	Strong

View All Relationships

Good Will

An intangible asset that arises when a company acquires another business for more than the fair market value of its net identifiable assets, representing the value of the brand, customer base, and other intangible factors.

Capital Stock

The total amount of a company's capital funded by shareholders through the issue and subscription of shares.

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

For more information on how to buy Independent Stock please use our How to Invest in Independent Bank guide.At this time, Independent Bank's Sales General And Administrative To Revenue is fairly stable compared to the past year. Enterprise Value Over EBITDA is likely to rise to 13.44 in 2024, whereas Selling General Administrative is likely to drop slightly above 124.4 M in 2024.

	2021	2022	2023	2024 (projected)
Interest Expense	63.2M	96.8M	414.9M	435.6M
Depreciation And Amortization	25.0M	27.4M	30.9M	32.5M

Interest Expense Depreciation And Amortization

Independent Bank fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Good Will	Common Stock Total Equity	Common Stock Shares Outstanding	Short Term Investments	Non Current Liabilities Total	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Intangible Assets	Common Stock	Other Liab	Accounts Payable	Long Term Debt
Total Assets		0.78	0.99	0.97	-0.54	0.93	0.72	0.45	0.31	0.48	0.78	0.92	0.98	0.99	0.96	0.52	-0.11	0.99	1.0	0.84	0.06	0.9	0.98	0.88	0.9	0.81
Short Long Term Debt Total	0.78		0.79	0.69	-0.21	0.67	0.49	0.35	0.26	0.51	0.53	0.77	0.83	0.81	0.67	0.38	0.24	0.81	0.78	0.58	0.35	0.73	0.83	0.59	0.63	0.53
Total Stockholder Equity	0.99	0.79		0.95	-0.52	0.91	0.71	0.4	0.26	0.55	0.78	0.93	0.99	1.0	0.94	0.44	-0.04	1.0	0.99	0.81	0.12	0.94	0.99	0.85	0.89	0.78
Property Plant And Equipment Net	0.97	0.69	0.95		-0.46	0.92	0.63	0.51	0.37	0.37	0.7	0.89	0.94	0.94	0.97	0.64	-0.21	0.95	0.98	0.89	-0.06	0.82	0.93	0.89	0.9	0.86
Net Debt	-0.54	-0.21	-0.52	-0.46		-0.5	-0.95	-0.03	0.07	-0.33	-0.88	-0.39	-0.46	-0.5	-0.61	0.08	0.14	-0.47	-0.54	-0.39	-0.02	-0.5	-0.48	-0.52	-0.45	-0.33
Retained Earnings	0.93	0.67	0.91	0.92	-0.5		0.67	0.66	0.54	0.27	0.73	0.96	0.89	0.9	0.91	0.7	-0.22	0.9	0.93	0.96	-0.09	0.8	0.89	0.99	0.98	0.92
Cash	0.72	0.49	0.71	0.63	-0.95	0.67		0.16	0.05	0.43	0.94	0.6	0.66	0.69	0.75	0.07	-0.08	0.67	0.72	0.55	0.1	0.67	0.68	0.67	0.62	0.48
Non Current Assets Total	0.45	0.35	0.4	0.51	-0.03	0.66	0.16		0.99	-0.48	0.08	0.66	0.44	0.4	0.43	0.77	-0.33	0.41	0.46	0.78	-0.38	0.24	0.4	0.73	0.7	0.73
Non Currrent Assets Other	0.31	0.26	0.26	0.37	0.07	0.54	0.05	0.99		-0.6	-0.06	0.54	0.3	0.26	0.29	0.72	-0.32	0.27	0.32	0.67	-0.41	0.1	0.26	0.61	0.58	0.63
Other Assets	0.48	0.51	0.55	0.37	-0.33	0.27	0.43	-0.48	-0.6		0.62	0.32	0.51	0.54	0.44	-0.21	0.44	0.55	0.47	0.07	0.63	0.63	0.56	0.14	0.2	0.06
Cash And Short Term Investments	0.78	0.53	0.78	0.7	-0.88	0.73	0.94	0.08	-0.06	0.62		0.67	0.72	0.77	0.82	0.14	-0.03	0.75	0.78	0.6	0.18	0.77	0.76	0.69	0.67	0.54
Good Will	0.92	0.77	0.93	0.89	-0.39	0.96	0.6	0.66	0.54	0.32	0.67		0.93	0.93	0.87	0.62	-0.09	0.93	0.92	0.92	0.02	0.86	0.93	0.93	0.96	0.89
Common Stock Total Equity	0.98	0.83	0.99	0.94	-0.46	0.89	0.66	0.44	0.3	0.51	0.72	0.93		0.99	0.93	0.46	-0.02	0.99	0.98	0.8	0.13	0.92	0.99	0.83	0.87	0.77
Common Stock Shares Outstanding	0.99	0.81	1.0	0.94	-0.5	0.9	0.69	0.4	0.26	0.54	0.77	0.93	0.99		0.93	0.45	-0.06	1.0	0.98	0.8	0.11	0.95	1.0	0.84	0.88	0.8
Short Term Investments	0.96	0.67	0.94	0.97	-0.61	0.91	0.75	0.43	0.29	0.44	0.82	0.87	0.93	0.93		0.53	-0.13	0.94	0.97	0.86	0.04	0.83	0.92	0.87	0.88	0.81
Non Current Liabilities Total	0.52	0.38	0.44	0.64	0.08	0.7	0.07	0.77	0.72	-0.21	0.14	0.62	0.46	0.45	0.53		-0.4	0.47	0.53	0.83	-0.38	0.25	0.44	0.71	0.68	0.77
Other Current Assets	-0.11	0.24	-0.04	-0.21	0.14	-0.22	-0.08	-0.33	-0.32	0.44	-0.03	-0.09	-0.02	-0.06	-0.13	-0.4		-0.03	-0.12	-0.32	0.97	-0.07	0.0	-0.3	-0.26	-0.47
Other Stockholder Equity	0.99	0.81	1.0	0.95	-0.47	0.9	0.67	0.41	0.27	0.55	0.75	0.93	0.99	1.0	0.94	0.47	-0.03		0.98	0.81	0.13	0.94	1.0	0.84	0.88	0.79
Total Liab	1.0	0.78	0.99	0.98	-0.54	0.93	0.72	0.46	0.32	0.47	0.78	0.92	0.98	0.98	0.97	0.53	-0.12	0.98		0.85	0.04	0.89	0.98	0.88	0.9	0.82
Property Plant And Equipment Gross	0.84	0.58	0.81	0.89	-0.39	0.96	0.55	0.78	0.67	0.07	0.6	0.92	0.8	0.8	0.86	0.83	-0.32	0.81	0.85		-0.21	0.66	0.79	0.97	0.95	0.95
Total Current Assets	0.06	0.35	0.12	-0.06	-0.02	-0.09	0.1	-0.38	-0.41	0.63	0.18	0.02	0.13	0.11	0.04	-0.38	0.97	0.13	0.04	-0.21		0.1	0.16	-0.19	-0.15	-0.37
Intangible Assets	0.9	0.73	0.94	0.82	-0.5	0.8	0.67	0.24	0.1	0.63	0.77	0.86	0.92	0.95	0.83	0.25	-0.07	0.94	0.89	0.66	0.1		0.95	0.73	0.81	0.71
Common Stock	0.98	0.83	0.99	0.93	-0.48	0.89	0.68	0.4	0.26	0.56	0.76	0.93	0.99	1.0	0.92	0.44	0.0	1.0	0.98	0.79	0.16	0.95		0.83	0.87	0.77
Other Liab	0.88	0.59	0.85	0.89	-0.52	0.99	0.67	0.73	0.61	0.14	0.69	0.93	0.83	0.84	0.87	0.71	-0.3	0.84	0.88	0.97	-0.19	0.73	0.83		0.97	0.92
Accounts Payable	0.9	0.63	0.89	0.9	-0.45	0.98	0.62	0.7	0.58	0.2	0.67	0.96	0.87	0.88	0.88	0.68	-0.26	0.88	0.9	0.95	-0.15	0.81	0.87	0.97		0.93
Long Term Debt	0.81	0.53	0.78	0.86	-0.33	0.92	0.48	0.73	0.63	0.06	0.54	0.89	0.77	0.8	0.81	0.77	-0.47	0.79	0.82	0.95	-0.37	0.71	0.77	0.92	0.93

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Independent Bank Account Relationship Matchups

Independent Bank fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	15.0B	17.8B	18.7B	18.3B	19.0B	10.1B
Short Long Term Debt Total	581.1M	741.2M	487.6M	621.5M	676.4M	501.9M
Total Stockholder Equity	2.3B	2.5B	2.6B	2.4B	2.4B	1.4B
Property Plant And Equipment Net	242.9M	249.5M	308.0M	355.4M	355.8M	185.8M
Net Debt	10.2M	(1.1B)	(2.1B)	(33.3M)	(45.8M)	(48.1M)
Retained Earnings	393.7M	543.8M	625.5M	638.4M	616.7M	647.6M
Cash	570.9M	1.8B	2.6B	654.8M	711.7M	665.2M
Non Current Assets Total	2.4B	2.5B	3.4B	3.3B	20.2B	21.2B
Non Currrent Assets Other	(6.9M)	(3.9M)	(26.2M)	(78.7M)	17.0B	17.9B
Other Assets	10.9B	12.3B	10.7B	12.6B	(1.9B)	(1.8B)
Cash And Short Term Investments	1.7B	3.0B	4.6B	2.3B	711.7M	1.3B
Common Stock Total Equity	430K	431K	428K	412K	473.8K	268.8K
Common Stock Shares Outstanding	43.0M	42.8M	42.7M	41.5M	41.3M	27.9M
Short Term Investments	1.1B	1.2B	2.0B	1.7B	1.6B	803.8M
Liabilities And Stockholders Equity	15.0B	17.8B	18.7B	18.3B	19.0B	10.1B
Non Current Liabilities Total	581.1M	741.2M	487.6M	15.9B	13.1B	13.8B
Other Current Assets	575.7M	1.8B	2.7B	735.2M	731.7M	695.1M
Other Stockholder Equity	1.9B	1.9B	1.9B	2.0B	2.0B	1.1B
Total Liab	12.6B	15.2B	16.2B	15.9B	16.6B	8.7B
Property Plant And Equipment Gross	242.9M	249.5M	380.0M	434.8M	451.0M	473.5M
Total Current Assets	1.7B	3.0B	4.6B	2.3B	711.7M	676.2M
Accumulated Other Comprehensive Income	19.3M	36.3M	5.2M	(212.6M)	(181.2M)	(172.2M)
Intangible Assets	100.7M	88.1M	75.5M	63.0M	50.6M	41.0M
Common Stock	430K	431K	428K	412K	413K	282.1K
Other Liab	60.4M	98.0M	114.5M	104.2M	119.8M	125.8M
Accounts Payable	11.9B	14.4B	15.6B	15.1B	17.4B	18.3B
Long Term Debt	556.6M	366.2M	487.6M	621.5M	642.7M	674.8M
Inventory	4.9M	589K	114K	47.9M	43.1M	45.3M
Property Plant Equipment	281.7M	249.9M	308.0M	379.3M	436.2M	458.0M
Other Current Liab	(24.5M)	(6.5M)	(17M)	7.6B	(33.8M)	(32.1M)
Total Current Liabilities	24.5M	6.5M	17M	7.6B	3.5B	3.4B
Net Tangible Assets	1.2B	1.4B	1.5B	1.3B	1.5B	907.3M
Long Term Debt Total	256.1M	366.2M	337.6M	321.5M	369.7M	212.6M
Capital Surpluse	1.9B	1.9B	1.9B	2.0B	2.3B	1.3B
Long Term Investments	1.1B	14.2B	2.0B	1.9B	1.8B	1.7B
Short Long Term Debt	24.5M	6.5M	17M	0.0	33.8M	32.1M
Short Term Debt	24.5M	6.5M	17M	5.4M	33.8M	32.1M

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Independent Good Will vs Capital Stock Analysis

Good Will vs Capital Stock

Good Will vs Capital Stock Correlation Analysis

Correlation Coefficient

Good Will

Capital Stock

Independent Bank fundamental ratios Correlations

Independent Bank Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Independent Bank fundamental ratios Accounts

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Additional Tools for Independent Stock Analysis

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Total Liab	+ 1.0	Total Assets
Common Stock Shares Outstanding	+ 1.0	Total Stockholder Equity
Other Stockholder Equity	+ 1.0	Total Stockholder Equity
Other Stockholder Equity	+ 1.0	Common Stock Shares Outstanding
Common Stock	+ 1.0	Common Stock Shares Outstanding
Common Stock	+ 1.0	Other Stockholder Equity

Cash	- 0.95	Net Debt
Cash And Short Term Investments	- 0.88	Net Debt
Short Term Investments	- 0.61	Net Debt
Other Assets	- 0.6	Non Currrent Assets Other
Total Liab	- 0.54	Net Debt
Net Debt	- 0.54	Total Assets