Galapagos Current Assets vs Total Liabilities Analysis

GLPG -- USA Stock  

Earning Report: October 25, 2019  

Galapagos financial indicator trend analysis is much more than just examining Galapagos NV latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Galapagos NV is a good investment. Please check the relationship between Galapagos Current Assets and its Total Liabilities accounts. Please also check Risk vs Return Analysis.

Current Assets vs Total Liabilities

Accounts Relationship

Current Assets vs Total Liabilities

Significance: Almost Identical Trend

Current Assets diversification synergy
Overlapping area represents amount of trend that can be explained by analyzing historical patterns of Galapagos NV Current Assets account and Total Liabilities

Correlation Coefficient

0.96
Relationship DirectionPositive 
Relationship StrengthVery Strong

Current Assets

Current assets of Galapagos NV include cash, cash equivalents, short-term investments, accounts receivable, stock inventory and the portion of prepaid liabilities which will be paid within a year. Depending on the nature of the business, current assets can range from barrels of crude oil, to baked goods, to foreign currency. Current assets are important because they are the assets that are used to fund day-to-day operations of Galapagos. The current portion of [Assets]; reported if a company operates a classified balance sheet that segments current and non-current assets.

Total Liabilities

Deferred Income Tax is recorded on Galapagos NV balance sheet and a result of income already earned and recognized for accounting, but not tax, purposes. Also, differences between tax laws and accounting methods can result in a temporary difference in the amount of income tax payable by a company. This difference is recorded on Galapagos books as deferred income tax. Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Principal components are [Debt]; [DeferredRev]; [Payables];[Deposits]; and [TaxLiabilities].
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