ICICI Net Receivables vs Net Tangible Assets Analysis

ICICIGI Stock   1,864  9.30  0.50%   
ICICI Lombard financial indicator trend analysis is infinitely more than just investigating ICICI Lombard General recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether ICICI Lombard General is a good investment. Please check the relationship between ICICI Lombard Net Receivables and its Net Tangible Assets accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in ICICI Lombard General. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

Net Receivables vs Net Tangible Assets

Net Receivables vs Net Tangible Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of ICICI Lombard General Net Receivables account and Net Tangible Assets. At this time, the significance of the direction appears to have strong relationship.
The correlation between ICICI Lombard's Net Receivables and Net Tangible Assets is 0.67. Overlapping area represents the amount of variation of Net Receivables that can explain the historical movement of Net Tangible Assets in the same time period over historical financial statements of ICICI Lombard General, assuming nothing else is changed. The correlation between historical values of ICICI Lombard's Net Receivables and Net Tangible 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 Net Receivables of ICICI Lombard General are associated (or correlated) with its Net Tangible Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Tangible Assets has no effect on the direction of Net Receivables i.e., ICICI Lombard's Net Receivables and Net Tangible Assets go up and down completely randomly.

Correlation Coefficient

0.67
Relationship DirectionPositive 
Relationship StrengthSignificant

Net Receivables

Net Tangible Assets

The total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company.
Most indicators from ICICI Lombard's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into ICICI Lombard General 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 ICICI Lombard General. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.
The ICICI Lombard's current Issuance Of Capital Stock is estimated to increase to about 1.7 B, while Selling General Administrative is projected to decrease to under 1.2 B.
 2021 2022 2023 2024 (projected)
Interest Expense955.6M806.2M941.3M600.6M
Depreciation And Amortization1.4B1.4B1.3B926.4M

ICICI Lombard fundamental ratios Correlations

0.130.510.990.89-0.020.830.910.140.240.410.460.820.950.491.00.12-0.340.630.840.370.990.670.791.0-0.44
0.13-0.240.06-0.160.650.420.260.3-0.20.41-0.24-0.180.17-0.420.15-0.110.440.16-0.12-0.290.06-0.25-0.020.070.37
0.51-0.240.520.57-0.350.40.470.180.92-0.520.990.750.470.560.50.82-0.120.120.730.980.510.870.250.51-0.16
0.990.060.520.9-0.050.820.860.110.260.370.480.820.920.540.990.13-0.350.610.840.391.00.680.771.0-0.45
0.89-0.160.570.9-0.210.720.810.050.310.210.530.750.780.490.880.18-0.440.490.760.450.890.810.610.9-0.51
-0.020.65-0.35-0.05-0.210.36-0.07-0.5-0.390.35-0.4-0.29-0.11-0.63-0.01-0.420.050.46-0.25-0.37-0.08-0.39-0.03-0.03-0.03
0.830.420.40.820.720.360.720.070.160.370.360.530.670.10.830.05-0.250.690.570.290.80.480.510.82-0.36
0.910.260.470.860.81-0.070.720.330.240.380.430.720.950.330.920.18-0.160.450.750.310.850.660.650.87-0.25
0.140.30.180.110.05-0.50.070.330.27-0.040.260.10.270.210.150.380.36-0.40.110.170.150.14-0.030.10.38
0.24-0.20.920.260.31-0.390.160.240.27-0.720.940.530.230.520.220.970.23-0.180.510.960.250.73-0.050.230.22
0.410.41-0.520.370.210.350.370.38-0.04-0.72-0.570.10.43-0.080.42-0.73-0.210.530.14-0.660.38-0.20.530.4-0.28
0.46-0.240.990.480.53-0.40.360.430.260.94-0.570.710.430.570.450.85-0.080.050.690.990.470.840.20.47-0.1
0.82-0.180.750.820.75-0.290.530.720.10.530.10.710.820.750.810.41-0.30.441.00.640.810.850.70.83-0.38
0.950.170.470.920.78-0.110.670.950.270.230.430.430.820.520.950.15-0.220.50.840.320.920.630.80.93-0.31
0.49-0.420.560.540.49-0.630.10.330.210.52-0.080.570.750.520.480.48-0.150.080.720.530.560.630.550.52-0.16
1.00.150.50.990.88-0.010.830.920.150.220.420.450.810.950.480.11-0.340.630.830.350.980.660.80.99-0.44
0.12-0.110.820.130.18-0.420.050.180.380.97-0.730.850.410.150.480.110.39-0.310.390.880.140.63-0.160.10.39
-0.340.44-0.12-0.35-0.440.05-0.25-0.160.360.23-0.21-0.08-0.3-0.22-0.15-0.340.39-0.57-0.27-0.02-0.33-0.17-0.61-0.390.99
0.630.160.120.610.490.460.690.45-0.4-0.180.530.050.440.50.080.63-0.31-0.570.45-0.020.570.180.710.65-0.64
0.84-0.120.730.840.76-0.250.570.750.110.510.140.691.00.840.720.830.39-0.270.450.620.830.840.70.84-0.36
0.37-0.290.980.390.45-0.370.290.310.170.96-0.660.990.640.320.530.350.88-0.02-0.020.620.380.80.090.37-0.04
0.990.060.511.00.89-0.080.80.850.150.250.380.470.810.920.560.980.14-0.330.570.830.380.670.770.99-0.42
0.67-0.250.870.680.81-0.390.480.660.140.73-0.20.840.850.630.630.660.63-0.170.180.840.80.670.370.67-0.22
0.79-0.020.250.770.61-0.030.510.65-0.03-0.050.530.20.70.80.550.8-0.16-0.610.710.70.090.770.370.81-0.67
1.00.070.511.00.9-0.030.820.870.10.230.40.470.830.930.520.990.1-0.390.650.840.370.990.670.81-0.49
-0.440.37-0.16-0.45-0.51-0.03-0.36-0.250.380.22-0.28-0.1-0.38-0.31-0.16-0.440.390.99-0.64-0.36-0.04-0.42-0.22-0.67-0.49
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ICICI Lombard Account Relationship Matchups

ICICI Lombard fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets370.4B393.0B508.5B550.9B633.1B358.7B
Short Long Term Debt Total5.8B5.6B3.4B1.2B1.7B1.6B
Total Current Liabilities24.6B10.6B26.0B30.7B367.9B386.3B
Total Stockholder Equity60.4B76.0B91.9B104.4B122.1B64.3B
Property Plant And Equipment Net4.0B3.9B3.7B5.6B5.6B4.2B
Net Debt4.5B2.6B(299.4M)(1.7B)(1.7B)(1.6B)
Retained Earnings40.5B53.4B21.5B34.8B48.2B27.4B
Accounts Payable23.6B9.9B25.1B29.9B34.0B18.5B
Cash326.4M2.3B2.8B2.0B3.3B2.8B
Non Current Assets Total6.8B6.3B5.8B5.6B469.6B493.1B
Other Assets363.3B384.4B499.8B543.2B1.00.95
Cash And Short Term Investments326.4M2.3B2.8B2.0B36.1B37.9B
Common Stock Shares Outstanding455.9M456.4M492.2M491.8M494.7M508.1M
Liabilities And Stockholders Equity370.4B393.0B508.5B550.9B633.1B358.7B
Other Current Assets97.0B72.0B164.5B145.1B161.4B100.6B
Other Stockholder Equity(45.3B)15.8B64.0B63.6B65.9B69.2B
Total Liab310.0B317.0B416.6B446.4B503.6B293.7B
Total Current Assets324.9M2.3B2.9B2.0B163.4B171.6B
Short Term Debt999.4M751.6M870.1M850.8M1.3B1.3B
Intangible Assets2.8B2.4B2.1B1.8B1.4B1.5B
Common Stock4.5B4.5B4.9B4.9B4.9B5.1B
Other Current Liab(30.5B)(10.6B)(26.0B)(30.7B)330.4B346.9B
Net Tangible Assets54.5B79.1B92.9B106.1B122.0B63.2B
Net Receivables17.6B1.2B9.0B89.1B109.0B114.5B
Short Term Investments28.4B30.2B54.6B38.5B32.8B26.5B
Long Term Investments263.3B308.9B387.9B431.8B485.8B269.9B
Short Long Term Debt999.4M751.6M870.1M850.8M1.3B1.3B
Accumulated Other Comprehensive Income(980.5M)2.2B1.4B1.1B3.1B5.1B
Property Plant Equipment4.2B4.2B4.0B4.2B4.8B4.0B
Non Currrent Assets Other(265.3B)(311.4B)(387.6B)(436.2B)(26.1B)(27.5B)
Current Deferred Revenue13.4B30.5B24.3B2.1M2.5M2.6M
Capital Surpluse15.7B3.3M64.0B64.2B73.9B77.6B
Net Invested Capital61.9B86.0B94.5B104.8B123.7B92.7B
Capital Stock4.5B4.5B4.9B4.9B4.9B5.2B

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Other Information on Investing in ICICI Stock

Balance Sheet is a snapshot of the financial position of ICICI Lombard General at a specified time, usually calculated after every quarter, six months, or one year. ICICI Lombard Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of ICICI Lombard and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which ICICI currently owns. An asset can also be divided into two categories, current and non-current.