IGPL Change To Account Receivables vs Net Borrowings Analysis

IGPL Stock

563.50 8.70 1.57%

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

Change To Account Receivables vs Net Borrowings

Change To Account Receivables vs Net Borrowings Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of IG Petrochemicals Change To Account Receivables account and Net Borrowings. At this time, the significance of the direction appears to have weak contrarian relationship.

The correlation between IG Petrochemicals' Change To Account Receivables and Net Borrowings is -0.11. Overlapping area represents the amount of variation of Change To Account Receivables that can explain the historical movement of Net Borrowings in the same time period over historical financial statements of IG Petrochemicals Limited, assuming nothing else is changed. The correlation between historical values of IG Petrochemicals' Change To Account Receivables and Net Borrowings is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Change To Account Receivables of IG Petrochemicals Limited are associated (or correlated) with its Net Borrowings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Borrowings has no effect on the direction of Change To Account Receivables i.e., IG Petrochemicals' Change To Account Receivables and Net Borrowings go up and down completely randomly.

Correlation Coefficient

-0.11

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Change To Account Receivables

Net Borrowings

The difference between the amount of new debt a company has taken on and the amount of debt it has paid off during a given period.

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

Selling General Administrative is likely to gain to about 186.4 M in 2024, whereas Tax Provision is likely to drop slightly above 132 M in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	6.3B	5.7B	1.3B	2.6B
Total Revenue	18.8B	23.5B	20.9B	12.3B

Gross Profit Total Revenue

IG Petrochemicals 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	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Common Stock	Net Receivables	Intangible Assets	Current Deferred Revenue	Retained Earnings	Accounts Payable	Short Term Debt	Other Liab
Total Assets		0.85	-0.1	0.94	0.99	0.99	0.85	-0.3	0.99	-0.01	0.94	0.51	0.91	0.77	-0.27	-0.52	0.96	0.98	0.68	0.83	0.43	-0.1	0.89	0.69	0.87	0.75
Short Long Term Debt Total	0.85		-0.08	0.86	0.78	0.87	1.0	-0.34	0.86	-0.15	0.81	0.34	0.98	0.61	-0.24	-0.54	0.93	0.82	0.6	0.62	0.38	-0.29	0.63	0.67	0.89	0.53
Other Current Liab	-0.1	-0.08		-0.12	-0.09	-0.05	-0.07	-0.02	-0.07	-0.34	-0.07	-0.03	-0.08	-0.26	0.02	-0.34	-0.11	-0.13	-0.05	-0.18	0.11	-0.53	-0.1	0.11	0.13	0.04
Total Current Liabilities	0.94	0.86	-0.12		0.89	0.9	0.85	-0.27	0.9	0.04	0.88	0.65	0.85	0.8	-0.28	-0.44	0.98	0.96	0.79	0.8	0.34	-0.12	0.76	0.72	0.83	0.61
Total Stockholder Equity	0.99	0.78	-0.09	0.89		0.98	0.78	-0.28	0.98	0.01	0.94	0.47	0.87	0.74	-0.26	-0.5	0.91	0.96	0.63	0.83	0.44	-0.06	0.92	0.65	0.84	0.78
Property Plant And Equipment Net	0.99	0.87	-0.05	0.9	0.98		0.87	-0.36	1.0	-0.13	0.9	0.48	0.93	0.73	-0.21	-0.61	0.95	0.93	0.65	0.77	0.51	-0.2	0.87	0.67	0.91	0.8
Net Debt	0.85	1.0	-0.07	0.85	0.78	0.87		-0.42	0.86	-0.18	0.8	0.36	0.98	0.6	-0.18	-0.55	0.93	0.81	0.62	0.59	0.43	-0.31	0.63	0.66	0.9	0.55
Cash	-0.3	-0.34	-0.02	-0.27	-0.28	-0.36	-0.42		-0.35	0.37	-0.25	-0.22	-0.37	-0.13	-0.5	0.33	-0.32	-0.23	-0.4	-0.02	-0.7	0.41	-0.25	-0.19	-0.4	-0.47
Non Current Assets Total	0.99	0.86	-0.07	0.9	0.98	1.0	0.86	-0.35		-0.1	0.91	0.48	0.92	0.74	-0.22	-0.58	0.94	0.94	0.65	0.78	0.5	-0.15	0.89	0.66	0.89	0.8
Non Currrent Assets Other	-0.01	-0.15	-0.34	0.04	0.01	-0.13	-0.18	0.37	-0.1		0.15	0.0	-0.19	0.13	-0.32	0.59	-0.05	0.14	0.06	0.17	-0.28	0.47	0.0	0.02	-0.13	-0.26
Cash And Short Term Investments	0.94	0.81	-0.07	0.88	0.94	0.9	0.8	-0.25	0.91	0.15		0.4	0.86	0.69	-0.35	-0.35	0.9	0.96	0.6	0.82	0.33	-0.01	0.85	0.71	0.79	0.6
Common Stock Shares Outstanding	0.51	0.34	-0.03	0.65	0.47	0.48	0.36	-0.22	0.48	0.0	0.4		0.31	0.3	0.01	-0.19	0.55	0.53	0.77	0.25	0.2	0.01	0.25	0.13	0.42	0.26
Non Current Liabilities Total	0.91	0.98	-0.08	0.85	0.87	0.93	0.98	-0.37	0.92	-0.19	0.86	0.31		0.65	-0.19	-0.61	0.94	0.86	0.56	0.68	0.45	-0.25	0.74	0.66	0.9	0.66
Inventory	0.77	0.61	-0.26	0.8	0.74	0.73	0.6	-0.13	0.74	0.13	0.69	0.3	0.65		-0.23	-0.39	0.77	0.79	0.6	0.9	0.33	0.01	0.84	0.71	0.59	0.67
Other Current Assets	-0.27	-0.24	0.02	-0.28	-0.26	-0.21	-0.18	-0.5	-0.22	-0.32	-0.35	0.01	-0.19	-0.23		-0.33	-0.26	-0.33	-0.11	-0.45	0.48	-0.15	-0.23	-0.49	-0.16	0.1
Other Stockholder Equity	-0.52	-0.54	-0.34	-0.44	-0.5	-0.61	-0.55	0.33	-0.58	0.59	-0.35	-0.19	-0.61	-0.39	-0.33		-0.52	-0.4	-0.21	-0.33	-0.57	0.61	-0.5	-0.36	-0.6	-0.72
Total Liab	0.96	0.93	-0.11	0.98	0.91	0.95	0.93	-0.32	0.94	-0.05	0.9	0.55	0.94	0.77	-0.26	-0.52		0.95	0.73	0.78	0.39	-0.17	0.78	0.72	0.89	0.65
Total Current Assets	0.98	0.82	-0.13	0.96	0.96	0.93	0.81	-0.23	0.94	0.14	0.96	0.53	0.86	0.79	-0.33	-0.4	0.95		0.69	0.88	0.32	-0.01	0.86	0.72	0.81	0.65
Common Stock	0.68	0.6	-0.05	0.79	0.63	0.65	0.62	-0.4	0.65	0.06	0.6	0.77	0.56	0.6	-0.11	-0.21	0.73	0.69		0.49	0.37	-0.01	0.51	0.4	0.66	0.41
Net Receivables	0.83	0.62	-0.18	0.8	0.83	0.77	0.59	-0.02	0.78	0.17	0.82	0.25	0.68	0.9	-0.45	-0.33	0.78	0.88	0.49		0.16	0.05	0.9	0.79	0.59	0.64
Intangible Assets	0.43	0.38	0.11	0.34	0.44	0.51	0.43	-0.7	0.5	-0.28	0.33	0.2	0.45	0.33	0.48	-0.57	0.39	0.32	0.37	0.16		-0.38	0.44	0.18	0.63	0.76
Current Deferred Revenue	-0.1	-0.29	-0.53	-0.12	-0.06	-0.2	-0.31	0.41	-0.15	0.47	-0.01	0.01	-0.25	0.01	-0.15	0.61	-0.17	-0.01	-0.01	0.05	-0.38		-0.04	-0.44	-0.34	-0.37
Retained Earnings	0.89	0.63	-0.1	0.76	0.92	0.87	0.63	-0.25	0.89	0.0	0.85	0.25	0.74	0.84	-0.23	-0.5	0.78	0.86	0.51	0.9	0.44	-0.04		0.7	0.69	0.84
Accounts Payable	0.69	0.67	0.11	0.72	0.65	0.67	0.66	-0.19	0.66	0.02	0.71	0.13	0.66	0.71	-0.49	-0.36	0.72	0.72	0.4	0.79	0.18	-0.44	0.7		0.6	0.53
Short Term Debt	0.87	0.89	0.13	0.83	0.84	0.91	0.9	-0.4	0.89	-0.13	0.79	0.42	0.9	0.59	-0.16	-0.6	0.89	0.81	0.66	0.59	0.63	-0.34	0.69	0.6		0.72
Other Liab	0.75	0.53	0.04	0.61	0.78	0.8	0.55	-0.47	0.8	-0.26	0.6	0.26	0.66	0.67	0.1	-0.72	0.65	0.65	0.41	0.64	0.76	-0.37	0.84	0.53	0.72

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IG Petrochemicals Account Relationship Matchups

IG Petrochemicals fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	11.6B	13.2B	16.5B	19.9B	21.4B	22.4B
Short Long Term Debt Total	2.3B	1.7B	1.7B	2.5B	3.7B	3.9B
Other Current Liab	948.6M	330.5M	390.2M	367.5M	428.0M	465.9M
Total Current Liabilities	2.9B	3.3B	3.9B	4.9B	5.6B	5.9B
Total Stockholder Equity	6.3B	8.2B	10.6B	12.3B	12.5B	13.1B
Property Plant And Equipment Net	8.1B	8.3B	8.7B	10.6B	12.0B	12.6B
Net Debt	2.2B	1.3B	1.5B	2.3B	3.6B	3.8B
Cash	79.8M	350.4M	260.8M	242.2M	95.5M	170.1M
Non Current Assets Total	8.4B	8.9B	9.4B	11.8B	12.9B	13.6B
Non Currrent Assets Other	(8.1B)	80.7M	230.4M	194.1M	302.6M	317.7M
Cash And Short Term Investments	486.0M	618.8M	1.7B	3.0B	2.7B	2.9B
Liabilities And Stockholders Equity	11.6B	13.2B	16.5B	19.9B	21.4B	22.4B
Non Current Liabilities Total	2.3B	1.7B	2.0B	2.6B	3.3B	3.5B
Inventory	950.8M	1.4B	1.5B	1.6B	2.0B	1.1B
Other Current Assets	1.8B	75.3M	82.3M	172.2M	239.8M	227.8M
Other Stockholder Equity	5.2B	(6.1B)	(6.1B)	227.5M	204.8M	194.5M
Total Liab	5.3B	5.0B	5.9B	7.6B	8.9B	9.3B
Total Current Assets	3.3B	4.4B	7.1B	8.1B	8.4B	8.9B
Accumulated Other Comprehensive Income	(4.8B)	762.2M	749.3M	802.2M	836.7M	878.5M
Net Receivables	1.5B	2.2B	3.5B	3.3B	3.4B	2.2B
Intangible Assets	5.5M	2.6M	543K	3.2M	5.8M	3.2M
Current Deferred Revenue	(834.6M)	40.0M	218.9M	276.4M	5.0M	4.7M
Retained Earnings	5.1B	6.9B	9.3B	11.0B	11.1B	5.8B
Accounts Payable	2.0B	2.2B	2.9B	3.7B	3.8B	2.4B
Short Term Debt	834.6M	749.8M	580.8M	806.6M	1.4B	1.5B
Other Liab	822.2M	856.5M	827.0M	821.0M	944.2M	513.0M
Net Tangible Assets	6.3B	6.3B	8.2B	10.6B	12.2B	12.8B
Other Assets	240.0M	271.2M	396.1M	194.1M	1.0	0.95
Long Term Debt	1.5B	898.2M	1.1B	1.7B	2.3B	1.3B
Short Long Term Debt	825.7M	361.2M	579.6M	794.8M	1.4B	818.7M
Property Plant Equipment	8.1B	8.3B	8.5B	10.6B	12.2B	6.7B
Long Term Debt Total	1.5B	901.5M	1.1B	1.7B	2.0B	1.1B
Short Term Investments	406.2M	268.3M	1.5B	2.8B	886.4M	979.7M
Net Invested Capital	8.6B	9.5B	12.3B	14.8B	16.1B	11.9B
Net Working Capital	314.3M	1.1B	3.2B	3.2B	2.8B	2.0B

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IGPL Change To Account Receivables vs Net Borrowings Analysis

Change To Account Receivables vs Net Borrowings

Change To Account Receivables vs Net Borrowings Correlation Analysis

Correlation Coefficient

Change To Account Receivables

Net Borrowings

IG Petrochemicals fundamental ratios Correlations

IG Petrochemicals Account Relationship Matchups

High Positive Relationship

High Negative Relationship

IG Petrochemicals fundamental ratios Accounts

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Additional Tools for IGPL Stock Analysis

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Net Debt	+ 1.0	Short Long Term Debt Total
Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Total Stockholder Equity	+ 0.99	Total Assets
Property Plant And Equipment Net	+ 0.99	Total Assets
Non Current Assets Total	+ 0.99	Total Assets
Total Current Assets	+ 0.98	Total Assets

Other Liab	- 0.72	Other Stockholder Equity
Intangible Assets	- 0.7	Cash
Other Stockholder Equity	- 0.61	Non Current Liabilities Total
Other Stockholder Equity	- 0.61	Property Plant And Equipment Net
Short Term Debt	- 0.6	Other Stockholder Equity
Other Stockholder Equity	- 0.58	Non Current Assets Total