IDEX Net Invested Capital vs Total Stockholder Equity Analysis

IEX Stock  USD 230.63  0.47  0.20%   
IDEX financial indicator trend analysis is infinitely more than just investigating IDEX recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether IDEX is a good investment. Please check the relationship between IDEX Net Invested Capital and its Total Stockholder Equity accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in IDEX Corporation. 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 Invested Capital vs Total Stockholder Equity

Net Invested Capital vs Total Stockholder Equity Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of IDEX Net Invested Capital account and Total Stockholder Equity. At this time, the significance of the direction appears to have very strong relationship.
The correlation between IDEX's Net Invested Capital and Total Stockholder Equity is 0.84. Overlapping area represents the amount of variation of Net Invested Capital that can explain the historical movement of Total Stockholder Equity in the same time period over historical financial statements of IDEX Corporation, assuming nothing else is changed. The correlation between historical values of IDEX's Net Invested Capital and Total Stockholder Equity 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 Invested Capital of IDEX Corporation are associated (or correlated) with its Total Stockholder Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Stockholder Equity has no effect on the direction of Net Invested Capital i.e., IDEX's Net Invested Capital and Total Stockholder Equity go up and down completely randomly.

Correlation Coefficient

0.84
Relationship DirectionPositive 
Relationship StrengthStrong

Net Invested Capital

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

Total Stockholder Equity

The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.
Most indicators from IDEX's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into IDEX 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 IDEX Corporation. 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.
Enterprise Value is likely to rise to about 1.2 B in 2024, whereas Selling General Administrative is likely to drop slightly above 374.8 M in 2024.
 2021 2022 2023 2024 (projected)
Gross Profit1.2B1.4B1.4B1.5B
Total Revenue2.8B3.2B3.3B3.4B

IDEX fundamental ratios Correlations

0.970.951.00.990.580.980.640.990.390.640.97-0.680.980.980.53-0.640.990.910.930.660.730.890.640.640.88
0.970.950.950.970.710.930.530.980.250.530.97-0.680.990.980.57-0.590.990.840.940.620.730.890.640.650.83
0.950.950.930.940.540.920.660.920.250.660.96-0.760.940.950.63-0.590.960.910.840.750.810.810.710.720.8
1.00.950.930.990.550.980.650.980.440.650.96-0.650.960.960.5-0.650.970.90.920.630.690.890.610.610.88
0.990.970.940.990.640.970.570.990.370.570.98-0.70.970.970.5-0.640.970.860.930.630.70.870.660.660.86
0.580.710.540.550.640.53-0.230.69-0.24-0.230.67-0.320.650.680.29-0.260.630.220.790.170.360.680.320.320.36
0.980.930.920.980.970.530.650.970.420.650.94-0.60.950.940.4-0.780.950.890.910.630.680.880.550.560.92
0.640.530.660.650.57-0.230.650.530.641.00.53-0.560.590.530.43-0.50.610.90.350.660.580.40.510.510.71
0.990.980.920.980.990.690.970.530.330.530.97-0.630.980.980.49-0.630.980.840.970.590.680.910.590.60.85
0.390.250.250.440.37-0.240.420.640.330.640.23-0.160.290.210.24-0.310.290.510.240.10.00.310.160.160.51
0.640.530.660.650.57-0.230.651.00.530.640.53-0.560.590.530.43-0.50.610.90.350.660.580.40.510.510.71
0.970.970.960.960.980.670.940.530.970.230.53-0.760.970.990.56-0.560.980.850.920.690.780.850.710.720.8
-0.68-0.68-0.76-0.65-0.7-0.32-0.6-0.56-0.63-0.16-0.56-0.76-0.7-0.68-0.640.21-0.72-0.73-0.46-0.85-0.82-0.33-0.97-0.97-0.54
0.980.990.940.960.970.650.950.590.980.290.590.97-0.70.980.56-0.611.00.880.930.670.760.870.650.660.87
0.980.980.950.960.970.680.940.530.980.210.530.99-0.680.980.52-0.590.980.850.940.660.770.890.640.640.81
0.530.570.630.50.50.290.40.430.490.240.430.56-0.640.560.520.050.580.590.420.510.570.430.630.630.38
-0.64-0.59-0.59-0.65-0.64-0.26-0.78-0.5-0.63-0.31-0.5-0.560.21-0.61-0.590.05-0.61-0.59-0.59-0.43-0.43-0.64-0.14-0.15-0.83
0.990.990.960.970.970.630.950.610.980.290.610.98-0.721.00.980.58-0.610.890.920.690.780.870.670.680.86
0.910.840.910.90.860.220.890.90.840.510.90.85-0.730.880.850.59-0.590.890.70.770.770.70.680.680.85
0.930.940.840.920.930.790.910.350.970.240.350.92-0.460.930.940.42-0.590.920.70.420.560.950.440.440.77
0.660.620.750.630.630.170.630.660.590.10.660.69-0.850.670.660.51-0.430.690.770.420.960.390.860.850.63
0.730.730.810.690.70.360.680.580.680.00.580.78-0.820.760.770.57-0.430.780.770.560.960.530.840.840.63
0.890.890.810.890.870.680.880.40.910.310.40.85-0.330.870.890.43-0.640.870.70.950.390.530.310.320.77
0.640.640.710.610.660.320.550.510.590.160.510.71-0.970.650.640.63-0.140.670.680.440.860.840.311.00.47
0.640.650.720.610.660.320.560.510.60.160.510.72-0.970.660.640.63-0.150.680.680.440.850.840.321.00.47
0.880.830.80.880.860.360.920.710.850.510.710.8-0.540.870.810.38-0.830.860.850.770.630.630.770.470.47
Click cells to compare fundamentals

IDEX Account Relationship Matchups

IDEX fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets3.8B4.4B4.9B5.5B5.9B6.2B
Short Long Term Debt Total849.3M1.0B1.2B1.5B1.4B1.5B
Total Current Liabilities357.9M399.1M480M543.6M500.3M525.3M
Total Stockholder Equity2.3B2.5B2.8B3.0B3.5B3.7B
Property Plant And Equipment Net280.3M298.3M327.3M382.1M430.3M451.8M
Net Debt216.7M18.6M334.9M1.1B911.5M957.1M
Retained Earnings2.6B2.8B3.1B3.5B3.9B4.1B
Cash632.6M1.0B855.4M430.2M534.3M561.0M
Non Current Assets Total2.6B2.8B3.2B4.1B4.4B4.6B
Non Currrent Assets Other104.4M147.8M146.9M(119.9M)138.5M145.4M
Cash And Short Term Investments632.6M1.0B855.4M430.2M534.3M561.0M
Net Receivables298.2M293.1M356.4M442.8M427.8M449.2M
Common Stock Shares Outstanding77.6M76.5M76.4M76M75.9M82.3M
Liabilities And Stockholders Equity3.8B4.4B4.9B5.5B5.9B6.2B
Non Current Liabilities Total1.2B1.5B1.6B1.9B1.8B1.9B
Inventory293.5M289.9M370.4M470.9M420.8M441.8M
Other Current Assets37.2M48.3M95.8M55.4M63.4M66.6M
Other Stockholder Equity(225.5M)(288.7M)(254.7M)(367.1M)(348M)(330.6M)
Total Liab1.6B1.9B2.1B2.5B2.3B2.4B
Total Current Assets1.3B1.7B1.7B1.4B1.4B1.5B
Intangible Assets388.0M415.6M597.3M947.8M1.0B1.1B
Other Current Liab201.4M216.8M234.6M238.2M223.6M115.7M
Accounts Payable138.5M152.0M178.8M208.9M179.7M98.3M
Property Plant And Equipment Gross280.3M298.3M832M898.8M976M1.0B
Accumulated Other Comprehensive Income(127.3M)(13.5M)(69.6M)(126.2M)(45.8M)(48.1M)
Other Liab274.0M430.7M443.8M363.4M417.9M438.8M
Other Assets22.0M147.8M146.9M144.6M166.3M174.6M
Long Term Debt848.9M1.0B1.2B1.5B1.3B731.2M
Treasury Stock(985.9M)(1.1B)(1.1B)(1.2B)(1.1B)(1.0B)
Short Term Debt388K16.8M17.6M21.6M22.6M17.3M
Property Plant Equipment280.3M298.3M327.3M382.1M439.4M236.4M
Good Will1.8B1.9B2.2B2.6B2.8B1.5B
Current Deferred Revenue17.6M28.4M49M44.7M55.9M58.7M
Net Tangible Assets95.5M229.1M38.1M(546.6M)(628.6M)(597.2M)
Retained Earnings Total Equity2.6B2.8B3.1B3.5B4.1B2.2B
Long Term Debt Total848.9M1.0B1.2B1.5B1.7B985.3M

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