Newgen Total Current Liabilities vs Total Assets Analysis

NEWGEN Stock   1,574  51.80  3.40%   
Newgen Software financial indicator trend analysis is infinitely more than just investigating Newgen Software Tech recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Newgen Software Tech is a good investment. Please check the relationship between Newgen Software Total Current Liabilities and its Total Assets accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Newgen Software Technologies. 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.

Total Current Liabilities vs Total Assets

Total Current Liabilities vs Total Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Newgen Software Tech Total Current Liabilities account and Total Assets. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Newgen Software's Total Current Liabilities and Total Assets is 0.87. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Total Assets in the same time period over historical financial statements of Newgen Software Technologies, assuming nothing else is changed. The correlation between historical values of Newgen Software's Total Current Liabilities and Total 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 Newgen Software Technologies are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Total Current Liabilities i.e., Newgen Software's Total Current Liabilities and Total Assets go up and down completely randomly.

Correlation Coefficient

0.87
Relationship DirectionPositive 
Relationship StrengthStrong

Total Current Liabilities

Total Current Liabilities is an item on Newgen Software balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Newgen Software Technologies 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.

Total Assets

Total assets refers to the total amount of Newgen Software assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Newgen Software Tech books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.
Most indicators from Newgen Software's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Newgen Software Tech 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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Newgen Software Technologies. 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.
The current year's Selling General Administrative is expected to grow to about 984 M, whereas Tax Provision is forecasted to decline to about 349.1 M.
 2021 2022 2023 2024 (projected)
Interest Expense20.7M42.5M41.8M40.1M
Depreciation And Amortization176.3M246.7M279.7M293.7M

Newgen Software fundamental ratios Correlations

0.290.820.871.00.84-0.670.990.880.670.840.830.980.890.540.220.98-0.740.90.270.880.99-0.120.750.890.82
0.290.140.510.220.370.110.170.350.50.240.20.210.430.71-0.180.35-0.23-0.010.370.480.290.9-0.110.480.28
0.820.140.570.820.45-0.470.840.590.370.430.830.90.580.290.330.79-0.960.78-0.240.570.88-0.210.530.840.5
0.870.510.570.850.94-0.550.820.960.790.90.690.80.990.720.110.88-0.540.690.51.00.840.190.580.80.91
1.00.220.820.850.82-0.71.00.870.650.840.830.980.870.510.240.97-0.740.910.250.860.99-0.190.770.880.82
0.840.370.450.940.82-0.590.790.910.750.940.690.750.930.590.180.84-0.40.690.630.950.780.060.610.670.91
-0.670.11-0.47-0.55-0.7-0.59-0.67-0.62-0.78-0.61-0.55-0.67-0.59-0.16-0.31-0.590.31-0.54-0.46-0.55-0.660.34-0.59-0.48-0.52
0.990.170.840.821.00.79-0.670.850.590.820.820.990.850.470.230.97-0.760.930.180.830.98-0.240.790.870.8
0.880.350.590.960.870.91-0.620.850.760.90.630.820.970.640.110.88-0.550.750.410.970.840.020.720.790.94
0.670.50.370.790.650.75-0.780.590.760.680.510.610.780.570.210.64-0.290.380.710.780.650.290.390.610.64
0.840.240.430.90.840.94-0.610.820.90.680.550.740.930.530.190.85-0.380.770.570.910.76-0.090.760.610.93
0.830.20.830.690.830.69-0.550.820.630.510.550.870.660.390.280.79-0.750.720.130.680.86-0.130.350.810.59
0.980.210.90.80.980.75-0.670.990.820.610.740.870.820.480.270.95-0.820.90.130.811.0-0.190.710.90.75
0.890.430.580.990.870.93-0.590.850.970.780.930.660.820.680.140.89-0.550.750.470.990.850.090.650.790.94
0.540.710.290.720.510.59-0.160.470.640.570.530.390.480.68-0.110.56-0.310.390.430.710.540.540.220.650.6
0.22-0.180.330.110.240.18-0.310.230.110.210.190.280.270.14-0.110.18-0.260.250.090.110.21-0.230.230.080.16
0.980.350.790.880.970.84-0.590.970.880.640.850.790.950.890.560.18-0.760.910.260.890.97-0.070.750.890.86
-0.74-0.23-0.96-0.54-0.74-0.40.31-0.76-0.55-0.29-0.38-0.75-0.82-0.55-0.31-0.26-0.76-0.760.29-0.55-0.80.12-0.45-0.82-0.52
0.9-0.010.780.690.910.69-0.540.930.750.380.770.720.90.750.390.250.91-0.760.060.710.88-0.410.810.760.81
0.270.37-0.240.50.250.63-0.460.180.410.710.570.130.130.470.430.090.260.290.060.490.180.330.160.090.45
0.880.480.571.00.860.95-0.550.830.970.780.910.680.810.990.710.110.89-0.550.710.490.840.150.60.790.93
0.990.290.880.840.990.78-0.660.980.840.650.760.861.00.850.540.210.97-0.80.880.180.84-0.110.70.930.77
-0.120.9-0.210.19-0.190.060.34-0.240.020.29-0.09-0.13-0.190.090.54-0.23-0.070.12-0.410.330.15-0.11-0.440.11-0.06
0.75-0.110.530.580.770.61-0.590.790.720.390.760.350.710.650.220.230.75-0.450.810.160.60.7-0.440.510.72
0.890.480.840.80.880.67-0.480.870.790.610.610.810.90.790.650.080.89-0.820.760.090.790.930.110.510.7
0.820.280.50.910.820.91-0.520.80.940.640.930.590.750.940.60.160.86-0.520.810.450.930.77-0.060.720.7
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Newgen Software Account Relationship Matchups

Newgen Software fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets8.7B9.2B11.1B13.4B16.9B17.7B
Short Long Term Debt Total1.1B200.9M278.2M427.1M485.1M577.5M
Other Current Liab581.2M619.3M600.7M657.9M3.0B3.2B
Total Current Liabilities2.8B2.1B2.4B3.0B3.8B2.1B
Total Stockholder Equity5.5B6.7B8.1B9.8B12.2B12.8B
Property Plant And Equipment Net2.2B2.0B2.1B2.3B2.4B1.4B
Net Debt107.2M(516.6M)(757.5M)(653.1M)(760.7M)(722.6M)
Retained Earnings3.5B4.6B6.0B7.5B9.7B10.1B
Accounts Payable275.1M226.4M364.5M348.9M476.2M252.2M
Cash1.0B717.5M1.0B1.1B1.2B849.5M
Non Current Assets Total2.7B2.7B3.6B5.1B3.8B2.2B
Non Currrent Assets Other1.7B3.0B549.2M704.9M3.3B3.5B
Cash And Short Term Investments2.4B3.2B3.7B4.2B7.4B7.8B
Net Receivables3.6B3.2B3.6B4.8B5.4B3.3B
Liabilities And Stockholders Equity8.7B9.2B11.1B13.4B16.9B17.7B
Non Current Liabilities Total464.6M424.9M568.3M689.8M833.7M875.4M
Inventory(502.0M)(475.6M)(277.0M)(695.2M)(5.4B)(5.1B)
Other Current Assets51.0M3.2B3.8B4.9B5.7B5.9B
Other Stockholder Equity1.0B1.0B1.0B1.0B371.8M353.2M
Total Liab3.2B2.5B3.0B3.7B4.6B2.5B
Total Current Assets6.0B6.5B7.5B8.3B13.1B13.7B
Accumulated Other Comprehensive Income(160.2M)310.3M356.4M549.2M801.2M841.2M
Short Term Debt878.7M61.8M85.9M120.9M138.6M131.7M
Intangible Assets14.0M6.4M161.1M131.5M102.2M107.3M
Common Stock690.9M693.1M695.4M696.6M1.4B1.5B
Other Liab194.0M235.0M285.8M383.6M441.2M221.5M
Net Tangible Assets5.0B5.5B6.7B9.6B11.0B11.6B
Other Assets473.4M667.0M708.0M576.6M663.0M457.0M
Short Term Investments1.4B2.5B2.6B3.2B3.2B1.6B
Short Long Term Debt745.3M0.018.9M20.4M22.0M20.9M
Property Plant Equipment2.2B2.0B2.1B2.3B2.6B1.4B
Current Deferred Revenue1.6B1.8B1.9B1.9B2.9B1.7B
Long Term Debt Total229.6M139.1M192.4M306.2M352.1M200.1M
Capital Surpluse1.0B1.0B1.0B1.0B1.2B836.3M
Cash And Equivalents400M16M106.6M61.5M55.4M52.6M
Capital Lease Obligations363.0M200.9M216.4M384.8M463.1M302.0M
Net Invested Capital6.2B6.7B8.2B9.8B12.3B8.4B
Net Working Capital3.3B4.4B5.1B5.3B9.3B5.3B
Capital Stock690.9M693.1M695.4M696.6M1.4B890.7M

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Other Information on Investing in Newgen Stock

Balance Sheet is a snapshot of the financial position of Newgen Software Tech at a specified time, usually calculated after every quarter, six months, or one year. Newgen Software Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Newgen Software 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 Newgen currently owns. An asset can also be divided into two categories, current and non-current.