Indegene Total Current Liabilities vs Intangible Assets Analysis
| INDGN Stock | 600.65 9.75 1.65% |
Indegene financial indicator trend analysis is infinitely more than just investigating Indegene recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Indegene is a good investment. Please check the relationship between Indegene Total Current Liabilities and its Intangible Assets accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Indegene. 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.
Total Current Liabilities vs Intangible Assets
Total Current Liabilities vs Intangible Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Indegene Total Current Liabilities account and Intangible Assets. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Indegene's Total Current Liabilities and Intangible Assets is 0.85. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Intangible Assets in the same time period over historical financial statements of Indegene, assuming nothing else is changed. The correlation between historical values of Indegene's Total Current Liabilities and Intangible 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 Total Current Liabilities of Indegene are associated (or correlated) with its Intangible Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Intangible Assets has no effect on the direction of Total Current Liabilities i.e., Indegene's Total Current Liabilities and Intangible Assets go up and down completely randomly.
Correlation Coefficient | 0.85 |
| Relationship Direction | Positive |
| Relationship Strength | Strong |
Total Current Liabilities
Total Current Liabilities is an item on Indegene balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Indegene are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.Intangible Assets
Non-physical assets possessed by a company, such as patents, trademarks, and copyrights, which provide long-term value.Most indicators from Indegene's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Indegene 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 Indegene. 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. As of the 12th of December 2024, Selling General Administrative is likely to drop to about 650.9 M
| 2021 | 2022 | 2023 | 2024 (projected) | Total Revenue | 16.6B | 23.1B | 25.9B | 18.0B | Depreciation And Amortization | 334.5M | 598.1M | 506M | 412.4M |
Indegene fundamental ratios Correlations
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Indegene Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Indegene Stock
Balance Sheet is a snapshot of the financial position of Indegene at a specified time, usually calculated after every quarter, six months, or one year. Indegene Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Indegene 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 Indegene currently owns. An asset can also be divided into two categories, current and non-current.