Galapagos Total Liabilities vs Current 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 Total Liabilities and its Current Liabilities accounts. Please also check Risk vs Return Analysis.

Total Liabilities vs Current Liabilities

Accounts Relationship

Total Liabilities vs Current Liabilities

Significance: Totally Related

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

Correlation Coefficient

0.99
Relationship DirectionPositive 
Relationship StrengthVery Strong

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].

Current Liabilities

The current portion of [Liabilities]; reported if the company operates a classified balance sheet that segments current and non-current liabilities.
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