Icahn Net Debt vs Net Invested Capital Analysis

IEP Stock

USD 10.33 0.23 2.28%

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

Net Debt vs Net Invested Capital

Net Debt vs Net Invested Capital Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Icahn Enterprises Net Debt account and Net Invested Capital. At this time, the significance of the direction appears to have very week relationship.

The correlation between Icahn Enterprises' Net Debt and Net Invested Capital is 0.24. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Net Invested Capital in the same time period over historical financial statements of Icahn Enterprises LP, assuming nothing else is changed. The correlation between historical values of Icahn Enterprises' Net Debt and Net Invested Capital 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 Debt of Icahn Enterprises LP are associated (or correlated) with its Net Invested Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Invested Capital has no effect on the direction of Net Debt i.e., Icahn Enterprises' Net Debt and Net Invested Capital go up and down completely randomly.

Correlation Coefficient

0.24

Relationship Direction	Positive
Relationship Strength	Very Weak

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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.

Net Invested Capital

The total amount of capital invested in a company, including both equity and debt, minus any cash or cash equivalents.

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

At this time, Icahn Enterprises' Tax Provision is relatively stable compared to the past year. As of 12/12/2024, Issuance Of Capital Stock is likely to grow to about 123.2 M, while Sales General And Administrative To Revenue is likely to drop 0.04.

	2021	2022	2023	2024 (projected)
Gross Profit	1.5B	2.4B	1.9B	1.1B
Total Revenue	10.9B	14.1B	11.8B	6.1B

Gross Profit Total Revenue

Icahn Enterprises fundamental ratios Correlations

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

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Icahn Enterprises Account Relationship Matchups

Icahn Enterprises fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	24.6B	25.0B	27.7B	27.9B	20.9B	13.1B
Short Long Term Debt Total	8.2B	8.1B	7.7B	7.1B	7.2B	4.2B
Total Stockholder Equity	10.9B	9.3B	9.3B	9.6B	4.0B	3.8B
Net Debt	4.4B	6.4B	5.4B	4.8B	4.3B	2.4B
Common Stock Shares Outstanding	200M	221M	260M	316M	382M	401.1M
Liabilities And Stockholders Equity	24.6B	25.0B	27.7B	27.9B	20.9B	12.9B
Non Current Liabilities Total	11.2B	11.8B	14.2B	14.6B	12.0B	11.4B
Total Liab	13.7B	15.7B	18.4B	18.4B	14.8B	8.3B
Other Current Liab	1.5B	5.6B	7.2B	7.6B	1.7B	2.8B
Total Current Liabilities	2.5B	3.9B	4.2B	3.7B	2.8B	3.1B
Property Plant And Equipment Net	4.5B	4.2B	4.1B	4.0B	4.5B	3.3B
Non Current Assets Total	6.6B	7.3B	6.6B	7.0B	8.9B	5.6B
Non Currrent Assets Other	(8.6B)	2.1B	(8.1B)	(5.6B)	3.5B	3.7B
Short Term Debt	1.4B	2.5B	26M	21M	192M	182.4M
Cash	3.8B	1.7B	2.3B	2.3B	3.0B	2.2B
Other Assets	546M	1.3B	9.3B	11.8B	2.9B	3.1B
Cash And Short Term Investments	13.7B	10.6B	11.5B	9.1B	6.0B	7.3B
Net Receivables	1.3B	3.9B	6.1B	7.7B	485M	460.8M
Total Current Assets	18.0B	17.7B	21.1B	20.9B	11.9B	10.7B
Other Stockholder Equity	4.7B	4.9B	5.0B	4.8B	6.1B	5.8B
Property Plant And Equipment Gross	4.5B	4.2B	7.7B	8.0B	8.2B	4.1B
Accumulated Other Comprehensive Income	(89M)	(83M)	(74M)	(70M)	(55M)	(57.8M)
Common Stock	6.4B	4.3B	4.4B	4.7B	4.0B	3.2B
Short Term Investments	9.9B	8.9B	9.2B	6.8B	3.0B	5.6B
Accounts Payable	945M	738M	805M	870M	830M	827.9M
Other Liab	782M	569M	390M	466M	535.9M	509.1M
Long Term Debt	1.2B	639M	787M	691M	7.2B	4.3B
Inventory	1.8B	1.6B	1.5B	1.5B	1.0B	1.3B
Property Plant Equipment	4.5B	4.2B	4.1B	4.0B	4.6B	4.4B
Other Current Assets	1.2B	1.6B	2.7B	3.4B	7.4B	7.8B
Current Deferred Revenue	(468M)	(1.4B)	(2.5B)	(159M)	(143.1M)	(150.3M)
Intangible Assets	431M	660M	595M	533M	466M	801.1M
Good Will	282M	298M	290M	288M	259.2M	246.2M
Net Tangible Assets	10.2B	8.3B	8.5B	8.7B	10.0B	10.5B
Deferred Long Term Liab	639M	569M	390M	338M	304.2M	289.0M
Long Term Investments	9.9B	8.9B	9.2B	6.8B	6.1B	8.0B

Pair Trading with Icahn Enterprises

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 Icahn Enterprises 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 Icahn Enterprises will appreciate offsetting losses from the drop in the long position's value.

Moving together with Icahn Stock

0.62

CVI

CVR Energy

Pair Corr

Moving against Icahn Stock

0.62	BE	Bloom Energy Corp	Pair Corr
0.57	G	Genpact Limited	Pair Corr
0.54	SGU	Star Gas Partners	Pair Corr
0.51	AL	Air Lease	Pair Corr
0.5	AE	Adams Resources Energy	Pair Corr

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

The correlation of Icahn Enterprises 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 Icahn Enterprises moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Icahn Enterprises 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 Icahn Enterprises 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 Icahn Stock Analysis

When running Icahn Enterprises' price analysis, check to measure Icahn Enterprises' 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 Icahn Enterprises is operating at the current time. Most of Icahn Enterprises' value examination focuses on studying past and present price action to predict the probability of Icahn Enterprises' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Icahn Enterprises' price. Additionally, you may evaluate how the addition of Icahn Enterprises to your portfolios can decrease your overall portfolio volatility.

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