IGPL Net Receivables vs Net Debt Analysis

IGPL Stock   554.80  2.85  0.51%   
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 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 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.

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 IG Petrochemicals Net Receivables account and Net Debt. At this time, the significance of the direction appears to have fragmental relationship.
Net ReceivablesNet DebtDiversified AwayNet ReceivablesNet DebtDiversified Away100%
The correlation between IG Petrochemicals' Net Receivables and Net Debt is 0.59. 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 IG Petrochemicals Limited, assuming nothing else is changed. The correlation between historical values of IG Petrochemicals' 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 IG Petrochemicals Limited 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., IG Petrochemicals' Net Receivables and Net Debt go up and down completely randomly.

Correlation Coefficient

0.59
Relationship DirectionPositive 
Relationship StrengthWeak

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 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 Profit6.3B5.7B1.3B2.6B
Total Revenue18.8B23.5B20.9B12.3B

IG Petrochemicals fundamental ratios Correlations

0.85-0.10.940.990.990.85-0.30.99-0.010.940.510.910.77-0.27-0.520.960.980.680.830.43-0.10.890.690.870.75
0.85-0.080.860.780.871.0-0.340.86-0.150.810.340.980.61-0.24-0.540.930.820.60.620.38-0.290.630.670.890.53
-0.1-0.08-0.12-0.09-0.05-0.07-0.02-0.07-0.34-0.07-0.03-0.08-0.260.02-0.34-0.11-0.13-0.05-0.180.11-0.53-0.10.110.130.04
0.940.86-0.120.890.90.85-0.270.90.040.880.650.850.8-0.28-0.440.980.960.790.80.34-0.120.760.720.830.61
0.990.78-0.090.890.980.78-0.280.980.010.940.470.870.74-0.26-0.50.910.960.630.830.44-0.060.920.650.840.78
0.990.87-0.050.90.980.87-0.361.0-0.130.90.480.930.73-0.21-0.610.950.930.650.770.51-0.20.870.670.910.8
0.851.0-0.070.850.780.87-0.420.86-0.180.80.360.980.6-0.18-0.550.930.810.620.590.43-0.310.630.660.90.55
-0.3-0.34-0.02-0.27-0.28-0.36-0.42-0.350.37-0.25-0.22-0.37-0.13-0.50.33-0.32-0.23-0.4-0.02-0.70.41-0.25-0.19-0.4-0.47
0.990.86-0.070.90.981.00.86-0.35-0.10.910.480.920.74-0.22-0.580.940.940.650.780.5-0.150.890.660.890.8
-0.01-0.15-0.340.040.01-0.13-0.180.37-0.10.150.0-0.190.13-0.320.59-0.050.140.060.17-0.280.470.00.02-0.13-0.26
0.940.81-0.070.880.940.90.8-0.250.910.150.40.860.69-0.35-0.350.90.960.60.820.33-0.010.850.710.790.6
0.510.34-0.030.650.470.480.36-0.220.480.00.40.310.30.01-0.190.550.530.770.250.20.010.250.130.420.26
0.910.98-0.080.850.870.930.98-0.370.92-0.190.860.310.65-0.19-0.610.940.860.560.680.45-0.250.740.660.90.66
0.770.61-0.260.80.740.730.6-0.130.740.130.690.30.65-0.23-0.390.770.790.60.90.330.010.840.710.590.67
-0.27-0.240.02-0.28-0.26-0.21-0.18-0.5-0.22-0.32-0.350.01-0.19-0.23-0.33-0.26-0.33-0.11-0.450.48-0.15-0.23-0.49-0.160.1
-0.52-0.54-0.34-0.44-0.5-0.61-0.550.33-0.580.59-0.35-0.19-0.61-0.39-0.33-0.52-0.4-0.21-0.33-0.570.61-0.5-0.36-0.6-0.72
0.960.93-0.110.980.910.950.93-0.320.94-0.050.90.550.940.77-0.26-0.520.950.730.780.39-0.170.780.720.890.65
0.980.82-0.130.960.960.930.81-0.230.940.140.960.530.860.79-0.33-0.40.950.690.880.32-0.010.860.720.810.65
0.680.6-0.050.790.630.650.62-0.40.650.060.60.770.560.6-0.11-0.210.730.690.490.37-0.010.510.40.660.41
0.830.62-0.180.80.830.770.59-0.020.780.170.820.250.680.9-0.45-0.330.780.880.490.160.050.90.790.590.64
0.430.380.110.340.440.510.43-0.70.5-0.280.330.20.450.330.48-0.570.390.320.370.16-0.380.440.180.630.76
-0.1-0.29-0.53-0.12-0.06-0.2-0.310.41-0.150.47-0.010.01-0.250.01-0.150.61-0.17-0.01-0.010.05-0.38-0.04-0.44-0.34-0.37
0.890.63-0.10.760.920.870.63-0.250.890.00.850.250.740.84-0.23-0.50.780.860.510.90.44-0.040.70.690.84
0.690.670.110.720.650.670.66-0.190.660.020.710.130.660.71-0.49-0.360.720.720.40.790.18-0.440.70.60.53
0.870.890.130.830.840.910.9-0.40.89-0.130.790.420.90.59-0.16-0.60.890.810.660.590.63-0.340.690.60.72
0.750.530.040.610.780.80.55-0.470.8-0.260.60.260.660.670.1-0.720.650.650.410.640.76-0.370.840.530.72
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IG Petrochemicals Account Relationship Matchups

IG Petrochemicals fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets11.6B13.2B16.5B19.9B21.4B22.4B
Short Long Term Debt Total2.3B1.7B1.7B2.5B3.7B3.9B
Other Current Liab948.6M330.5M390.2M367.5M428.0M465.9M
Total Current Liabilities2.9B3.3B3.9B4.9B5.6B5.9B
Total Stockholder Equity6.3B8.2B10.6B12.3B12.5B13.1B
Property Plant And Equipment Net8.1B8.3B8.7B10.6B12.0B12.6B
Net Debt2.2B1.3B1.5B2.3B3.6B3.8B
Cash79.8M350.4M260.8M242.2M95.5M170.1M
Non Current Assets Total8.4B8.9B9.4B11.8B12.9B13.6B
Non Currrent Assets Other(8.1B)80.7M230.4M194.1M302.6M317.7M
Cash And Short Term Investments486.0M618.8M1.7B3.0B2.7B2.9B
Liabilities And Stockholders Equity11.6B13.2B16.5B19.9B21.4B22.4B
Non Current Liabilities Total2.3B1.7B2.0B2.6B3.3B3.5B
Inventory950.8M1.4B1.5B1.6B2.0B1.1B
Other Current Assets1.8B75.3M82.3M172.2M239.8M227.8M
Other Stockholder Equity5.2B(6.1B)(6.1B)227.5M204.8M194.5M
Total Liab5.3B5.0B5.9B7.6B8.9B9.3B
Total Current Assets3.3B4.4B7.1B8.1B8.4B8.9B
Accumulated Other Comprehensive Income(4.8B)762.2M749.3M802.2M836.7M878.5M
Net Receivables1.5B2.2B3.5B3.3B3.4B2.2B
Intangible Assets5.5M2.6M543K3.2M5.8M3.2M
Current Deferred Revenue(834.6M)40.0M218.9M276.4M5.0M4.7M
Retained Earnings5.1B6.9B9.3B11.0B11.1B5.8B
Accounts Payable2.0B2.2B2.9B3.7B3.8B2.4B
Short Term Debt834.6M749.8M580.8M806.6M1.4B1.5B
Other Liab822.2M856.5M827.0M821.0M944.2M513.0M
Net Tangible Assets6.3B6.3B8.2B10.6B12.2B12.8B
Other Assets240.0M271.2M396.1M194.1M1.00.95
Long Term Debt1.5B898.2M1.1B1.7B2.3B1.3B
Short Long Term Debt825.7M361.2M579.6M794.8M1.4B818.7M
Property Plant Equipment8.1B8.3B8.5B10.6B12.2B6.7B
Long Term Debt Total1.5B901.5M1.1B1.7B2.0B1.1B
Short Term Investments406.2M268.3M1.5B2.8B886.4M979.7M
Net Invested Capital8.6B9.5B12.3B14.8B16.1B11.9B
Net Working Capital314.3M1.1B3.2B3.2B2.8B2.0B

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