ICON Long Term Debt vs Cash Analysis
ICLR Stock | USD 324.82 1.90 0.59% |
ICON PLC financial indicator trend analysis is infinitely more than just investigating ICON PLC recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether ICON PLC is a good investment. Please check the relationship between ICON PLC Long Term Debt and its Cash accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in ICON PLC. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis. To learn how to invest in ICON Stock, please use our How to Invest in ICON PLC guide.
Long Term Debt vs Cash
Long Term Debt vs Cash Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of ICON PLC Long Term Debt account and Cash. At this time, the significance of the direction appears to have weak relationship.
The correlation between ICON PLC's Long Term Debt and Cash is 0.36. Overlapping area represents the amount of variation of Long Term Debt that can explain the historical movement of Cash in the same time period over historical financial statements of ICON PLC, assuming nothing else is changed. The correlation between historical values of ICON PLC's Long Term Debt and Cash is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Long Term Debt of ICON PLC are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Long Term Debt i.e., ICON PLC's Long Term Debt and Cash go up and down completely randomly.
Correlation Coefficient | 0.36 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Long Term Debt
Long-term debt is a debt that ICON PLC has held for over one year. Long-term debt appears on ICON PLC balance sheet and also includes long-term leases. The most common forms of long term debt are bonds payable, long-term notes payable, mortgage payable, pension liabilities, and lease liabilities. In the corporate world, long-term debt is generally used to fund big-ticket items, such as machinery, buildings, and land. The total of long-term debt reported on ICON PLC balance sheet is the sum of the balances of all categories of long-term debt. Debt that is not due within the current year and is often considered to be financing activities that are to be repaid over several years.Cash
Cash refers to the most liquid asset of ICON PLC, which is listed under current asset account on ICON PLC balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from ICON PLC customers. The amounts must be unrestricted with restricted cash listed in a different ICON PLC account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.Most indicators from ICON PLC's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into ICON PLC 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 ICON PLC. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis. To learn how to invest in ICON Stock, please use our How to Invest in ICON PLC guide.At this time, ICON PLC's Selling General Administrative is relatively stable compared to the past year. As of 06/01/2024, Enterprise Value is likely to grow to about 25.3 B, while Tax Provision is likely to drop slightly above 11.2 M.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 1.5B | 2.2B | 1.8B | 1.9B | Total Revenue | 5.5B | 7.7B | 8.1B | 8.5B |
ICON PLC fundamental ratios Correlations
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ICON PLC Account Relationship Matchups
High Positive Relationship
High Negative Relationship
ICON PLC fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Common Stock Shares Outstanding | 54.3M | 53.3M | 68.1M | 82.5M | 82.7M | 47.6M | |
Total Assets | 2.9B | 3.5B | 17.4B | 17.2B | 17.0B | 17.8B | |
Short Long Term Debt Total | 454.6M | 433.6M | 5.6B | 4.8B | 3.9B | 4.1B | |
Other Current Liab | 362.3M | 402.1M | 1.0B | 1.0B | 893.0M | 937.6M | |
Total Current Liabilities | 1.1B | 1.1B | 2.5B | 2.7B | 2.8B | 3.0B | |
Total Stockholder Equity | 1.6B | 1.9B | 8.1B | 8.5B | 9.2B | 9.7B | |
Property Plant And Equipment Net | 270.1M | 192.9M | 534.6M | 504.2M | 501.5M | 526.6M | |
Net Debt | (65.8M) | (406.7M) | 4.8B | 4.5B | 3.6B | 3.7B | |
Retained Earnings | 1.1B | 1.4B | 1.4B | 1.8B | 2.4B | 2.6B | |
Accounts Payable | 24.1M | 51.1M | 90.8M | 81.2M | 131.6M | 138.2M | |
Cash | 520.3M | 840.3M | 752.2M | 288.8M | 378.1M | 216.9M | |
Non Current Assets Total | 1.3B | 1.4B | 14.4B | 14.0B | 13.6B | 14.3B | |
Cash And Short Term Investments | 569.9M | 842.0M | 753.9M | 290.5M | 380.1M | 261.1M | |
Net Receivables | 1.0B | 1.2B | 2.1B | 2.8B | 2.9B | 3.0B | |
Short Term Investments | 49.6M | 1.7M | 1.7M | 1.7M | 2.0M | 1.9M | |
Liabilities And Stockholders Equity | 2.9B | 3.5B | 17.4B | 17.2B | 17.0B | 17.8B | |
Non Current Liabilities Total | 158.2M | 446.6M | 6.8B | 6.0B | 4.9B | 5.2B | |
Other Current Assets | 41.5M | 53.5M | 114.3M | 137.1M | 132.1M | 77.1M | |
Other Stockholder Equity | 579.0M | 499.1M | 6.7B | 6.8B | 6.9B | 7.3B | |
Total Liab | 1.3B | 1.6B | 9.3B | 8.7B | 7.7B | 8.1B | |
Total Current Assets | 1.6B | 2.1B | 2.9B | 3.2B | 3.4B | 3.6B | |
Accumulated Other Comprehensive Income | (75.8M) | (13M) | (90.9M) | (171.5M) | (142.3M) | (135.2M) | |
Short Term Debt | 335.2M | 378.0M | 24.3M | 55.2M | 146.6M | 117.9M | |
Common Stock | 4.6M | 4.6M | 6.6M | 6.6M | 6.7M | 4.0M | |
Other Liab | 42.1M | 52.1M | 1.3B | 1.3B | 1.5B | 1.5B | |
Good Will | 883.2M | 936.3M | 9.0B | 9.0B | 9.0B | 9.5B | |
Intangible Assets | 67.9M | 66.5M | 4.7B | 4.3B | 3.9B | 4.0B | |
Property Plant Equipment | 270.1M | 258.9M | 534.6M | 504.2M | 579.8M | 608.8M | |
Current Deferred Revenue | 367.0M | 660.9M | 1.3B | 1.5B | 1.7B | 1.7B | |
Non Currrent Assets Other | 34.7M | 26.9M | 89.2M | 92.2M | 78.5M | 82.4M | |
Common Stock Total Equity | 4.7M | 4.7M | 4.6M | 4.6M | 5.3M | 3.8M | |
Inventory | 2.3M | 3.2M | 4.8M | 1.0 | 7.1M | 0.95 | |
Property Plant And Equipment Gross | 270.1M | 258.9M | 534.6M | 329.4M | 921.4M | 967.5M | |
Other Assets | 51.4M | 50.7M | 137.6M | 169.1M | 194.5M | 204.2M | |
Net Tangible Assets | 667.0M | 847.5M | (5.7B) | (4.8B) | (4.3B) | (4.1B) | |
Long Term Investments | 10.1M | 20.3M | 25.0M | 32.6M | 46.8M | 49.1M |
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Try AI Portfolio ArchitectCheck out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in ICON PLC. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis. To learn how to invest in ICON Stock, please use our How to Invest in ICON PLC guide.You can also try the Portfolio Analyzer module to portfolio analysis module that provides access to portfolio diagnostics and optimization engine.
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Is ICON PLC's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of ICON PLC. If investors know ICON will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about ICON PLC listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.596 | Earnings Share 8.25 | Revenue Per Share 100.023 | Quarterly Revenue Growth 0.057 | Return On Assets 0.0401 |
The market value of ICON PLC is measured differently than its book value, which is the value of ICON that is recorded on the company's balance sheet. Investors also form their own opinion of ICON PLC's value that differs from its market value or its book value, called intrinsic value, which is ICON PLC's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because ICON PLC's market value can be influenced by many factors that don't directly affect ICON PLC's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between ICON PLC's value and its price as these two are different measures arrived at by different means. Investors typically determine if ICON PLC is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ICON PLC's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.