Ingevity Total Liab vs Non Current Assets Total Analysis

NGVT Stock

USD 48.63 0.22 0.45%

Ingevity Corp financial indicator trend analysis is infinitely more than just investigating Ingevity Corp recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Ingevity Corp is a good investment. Please check the relationship between Ingevity Corp Total Liab and its Non Current Assets Total accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Ingevity Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in real.

For more information on how to buy Ingevity Stock please use our How to Invest in Ingevity Corp guide.

Total Liab vs Non Current Assets Total

Total Liab vs Non Current Assets Total Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Ingevity Corp Total Liab account and Non Current Assets Total. At this time, the significance of the direction appears to have totally related.

The correlation between Ingevity Corp's Total Liab and Non Current Assets Total is 0.99. Overlapping area represents the amount of variation of Total Liab that can explain the historical movement of Non Current Assets Total in the same time period over historical financial statements of Ingevity Corp, assuming nothing else is changed. The correlation between historical values of Ingevity Corp's Total Liab and Non Current Assets Total 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 Liab of Ingevity Corp are associated (or correlated) with its Non Current Assets Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Assets Total has no effect on the direction of Total Liab i.e., Ingevity Corp's Total Liab and Non Current Assets Total go up and down completely randomly.

Correlation Coefficient

0.99

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Total Liab

The total amount of all liabilities that a company has, including both short-term and long-term liabilities.

Non Current Assets Total

The total value of a company's long-term assets, which are not expected to be converted into cash or used up within one year or the operating cycle, including property, plant, and equipment, and intangible assets.

Most indicators from Ingevity Corp's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Ingevity Corp 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 Ingevity Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in real.

For more information on how to buy Ingevity Stock please use our How to Invest in Ingevity Corp guide.At this time, Ingevity Corp's Sales General And Administrative To Revenue is comparatively stable compared to the past year. Enterprise Value Over EBITDA is likely to gain to 8.25 in 2024, whereas Selling General Administrative is likely to drop slightly above 159.8 M in 2024.

	2021	2022	2023	2024 (projected)
Interest Expense	47.7M	54.3M	93.3M	98.0M
Depreciation And Amortization	109.9M	108.8M	141.4M	74.7M

Interest Expense Depreciation And Amortization

Ingevity Corp fundamental ratios Correlations

	Common Stock Shares Outstanding	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Good Will	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Intangible Assets	Common Stock	Other Liab	Net Tangible Assets
Common Stock Shares Outstanding		-0.54	-0.52	-0.55	-0.63	-0.51	-0.59	-0.53	-0.65	-0.26	-0.54	-0.18	-0.26	-0.66	-0.73	-0.51	-0.62	-0.7	0.73	-0.53	-0.64	-0.55	-0.48	0.39	-0.55	0.59
Total Assets	-0.54		0.98	0.97	0.95	0.85	0.99	0.97	0.88	0.7	1.0	0.81	0.7	0.91	0.95	0.99	0.92	0.47	-0.85	0.99	0.91	0.97	0.98	-0.72	0.95	-0.92
Short Long Term Debt Total	-0.52	0.98		0.96	0.95	0.75	0.98	0.99	0.86	0.67	0.98	0.76	0.67	0.87	0.92	1.0	0.92	0.53	-0.85	1.0	0.88	0.95	0.97	-0.81	0.92	-0.96
Other Current Liab	-0.55	0.97	0.96		0.95	0.78	0.95	0.96	0.92	0.63	0.97	0.79	0.63	0.91	0.92	0.97	0.92	0.51	-0.78	0.97	0.91	0.94	0.95	-0.75	0.88	-0.92
Total Current Liabilities	-0.63	0.95	0.95	0.95		0.76	0.96	0.95	0.95	0.59	0.94	0.64	0.59	0.93	0.9	0.94	0.95	0.62	-0.84	0.95	0.95	0.93	0.9	-0.71	0.91	-0.88
Total Stockholder Equity	-0.51	0.85	0.75	0.78	0.76		0.84	0.73	0.75	0.64	0.85	0.77	0.64	0.85	0.83	0.78	0.76	0.2	-0.7	0.78	0.81	0.84	0.85	-0.28	0.83	-0.65
Property Plant And Equipment Net	-0.59	0.99	0.98	0.95	0.96	0.84		0.97	0.9	0.67	0.98	0.74	0.67	0.91	0.94	0.98	0.95	0.54	-0.9	0.98	0.91	0.97	0.95	-0.71	0.94	-0.92
Net Debt	-0.53	0.97	0.99	0.96	0.95	0.73	0.97		0.88	0.58	0.98	0.72	0.58	0.89	0.92	0.99	0.94	0.58	-0.84	0.99	0.87	0.92	0.96	-0.8	0.89	-0.96
Accounts Payable	-0.65	0.88	0.86	0.92	0.95	0.75	0.9	0.88		0.45	0.88	0.66	0.45	0.96	0.84	0.86	0.95	0.67	-0.78	0.88	0.95	0.87	0.82	-0.6	0.83	-0.79
Cash	-0.26	0.7	0.67	0.63	0.59	0.64	0.67	0.58	0.45		0.67	0.75	1.0	0.43	0.64	0.7	0.49	0.06	-0.57	0.69	0.56	0.81	0.66	-0.58	0.77	-0.58
Non Current Assets Total	-0.54	1.0	0.98	0.97	0.94	0.85	0.98	0.98	0.88	0.67		0.8	0.67	0.91	0.95	0.99	0.92	0.46	-0.83	0.99	0.9	0.96	0.99	-0.71	0.93	-0.93
Non Currrent Assets Other	-0.18	0.81	0.76	0.79	0.64	0.77	0.74	0.72	0.66	0.75	0.8		0.75	0.68	0.7	0.8	0.66	0.1	-0.53	0.79	0.68	0.82	0.81	-0.52	0.77	-0.67
Cash And Short Term Investments	-0.26	0.7	0.67	0.63	0.59	0.64	0.67	0.58	0.45	1.0	0.67	0.75		0.43	0.64	0.7	0.49	0.06	-0.57	0.69	0.56	0.81	0.66	-0.58	0.77	-0.58
Net Receivables	-0.66	0.91	0.87	0.91	0.93	0.85	0.91	0.89	0.96	0.43	0.91	0.68	0.43		0.88	0.87	0.93	0.57	-0.78	0.88	0.94	0.86	0.88	-0.51	0.84	-0.79
Good Will	-0.73	0.95	0.92	0.92	0.9	0.83	0.94	0.92	0.84	0.64	0.95	0.7	0.64	0.88		0.93	0.86	0.51	-0.86	0.93	0.85	0.9	0.94	-0.68	0.87	-0.94
Non Current Liabilities Total	-0.51	0.99	1.0	0.97	0.94	0.78	0.98	0.99	0.86	0.7	0.99	0.8	0.7	0.87	0.93		0.91	0.5	-0.84	1.0	0.88	0.96	0.97	-0.79	0.93	-0.95
Inventory	-0.62	0.92	0.92	0.92	0.95	0.76	0.95	0.94	0.95	0.49	0.92	0.66	0.49	0.93	0.86	0.91		0.7	-0.9	0.92	0.94	0.91	0.86	-0.67	0.89	-0.85
Other Current Assets	-0.7	0.47	0.53	0.51	0.62	0.2	0.54	0.58	0.67	0.06	0.46	0.1	0.06	0.57	0.51	0.5	0.7		-0.71	0.51	0.56	0.48	0.37	-0.61	0.41	-0.58
Other Stockholder Equity	0.73	-0.85	-0.85	-0.78	-0.84	-0.7	-0.9	-0.84	-0.78	-0.57	-0.83	-0.53	-0.57	-0.78	-0.86	-0.84	-0.9	-0.71		-0.84	-0.83	-0.86	-0.77	0.67	-0.87	0.83
Total Liab	-0.53	0.99	1.0	0.97	0.95	0.78	0.98	0.99	0.88	0.69	0.99	0.79	0.69	0.88	0.93	1.0	0.92	0.51	-0.84		0.9	0.96	0.97	-0.79	0.93	-0.95
Property Plant And Equipment Gross	-0.64	0.91	0.88	0.91	0.95	0.81	0.91	0.87	0.95	0.56	0.9	0.68	0.56	0.94	0.85	0.88	0.94	0.56	-0.83	0.9		0.91	0.84	-0.57	0.93	-0.77
Total Current Assets	-0.55	0.97	0.95	0.94	0.93	0.84	0.97	0.92	0.87	0.81	0.96	0.82	0.81	0.86	0.9	0.96	0.91	0.48	-0.86	0.96	0.91		0.92	-0.72	0.97	-0.87
Intangible Assets	-0.48	0.98	0.97	0.95	0.9	0.85	0.95	0.96	0.82	0.66	0.99	0.81	0.66	0.88	0.94	0.97	0.86	0.37	-0.77	0.97	0.84	0.92		-0.68	0.89	-0.92
Common Stock	0.39	-0.72	-0.81	-0.75	-0.71	-0.28	-0.71	-0.8	-0.6	-0.58	-0.71	-0.52	-0.58	-0.51	-0.68	-0.79	-0.67	-0.61	0.67	-0.79	-0.57	-0.72	-0.68		-0.65	0.86
Other Liab	-0.55	0.95	0.92	0.88	0.91	0.83	0.94	0.89	0.83	0.77	0.93	0.77	0.77	0.84	0.87	0.93	0.89	0.41	-0.87	0.93	0.93	0.97	0.89	-0.65		-0.82
Net Tangible Assets	0.59	-0.92	-0.96	-0.92	-0.88	-0.65	-0.92	-0.96	-0.79	-0.58	-0.93	-0.67	-0.58	-0.79	-0.94	-0.95	-0.85	-0.58	0.83	-0.95	-0.77	-0.87	-0.92	0.86	-0.82

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Ingevity Corp Account Relationship Matchups

Ingevity Corp fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Common Stock Shares Outstanding	42.2M	41.5M	40.1M	38.5M	36.5M	33.0M
Total Assets	2.1B	2.3B	2.5B	2.7B	2.6B	1.7B
Short Long Term Debt Total	1.2B	1.3B	1.3B	1.5B	1.5B	870.1M
Other Current Liab	83.1M	72.6M	91.4M	104.5M	92.2M	68.7M
Total Current Liabilities	215.5M	223.4M	268.9M	303.5M	362.9M	219.0M
Total Stockholder Equity	530.8M	647.3M	673.8M	698.3M	631.4M	519.4M
Property Plant And Equipment Net	664.7M	703.6M	719.7M	798.6M	829.4M	627.5M
Net Debt	1.2B	1.0B	974.6M	1.4B	1.4B	767.8M
Accounts Payable	99.1M	104.2M	125.8M	174.8M	158.4M	115.1M
Cash	56.5M	257.7M	275.4M	76.7M	96.5M	102.3M
Non Current Assets Total	1.7B	1.7B	1.7B	2.1B	2.0B	1.2B
Non Currrent Assets Other	103.7M	183.6M	202.7M	220.1M	32.6M	31.0M
Cash And Short Term Investments	56.5M	257.7M	275.4M	76.7M	96.5M	102.3M
Net Receivables	150M	148M	161.7M	224.8M	211M	153.3M
Good Will	439M	445.3M	442M	518.5M	527.5M	553.9M
Liabilities And Stockholders Equity	2.1B	2.3B	2.5B	2.7B	2.6B	1.7B
Non Current Liabilities Total	1.4B	1.5B	1.5B	1.7B	1.6B	1.0B
Inventory	212.5M	189M	241.2M	335M	309.8M	217.4M
Other Current Assets	34.9M	6.5M	6.1M	42.5M	41.3M	43.4M
Other Stockholder Equity	38.2M	(35.8M)	(135.8M)	(263M)	(344.6M)	(327.4M)
Total Liab	1.6B	1.7B	1.8B	2.0B	2.0B	1.2B
Property Plant And Equipment Gross	718.1M	752.7M	1.5B	1.6B	1.7B	878.9M
Total Current Assets	463.2M	628.7M	724.9M	679M	658.6M	504.0M
Accumulated Other Comprehensive Income	(5M)	4.7M	13.1M	(46.8M)	(26.7M)	(28.0M)
Intangible Assets	396.2M	373.3M	337.6M	404.8M	385.3M	211.4M
Other Liab	126.4M	196.4M	276.3M	221.4M	254.6M	133.8M
Net Tangible Assets	(324.5M)	(176.5M)	(105.8M)	(280M)	(252M)	(239.4M)
Current Deferred Revenue	(6.3M)	4.4M	14.7M	6.8M	9.2M	9.0M
Other Assets	100.9M	146M	291.4M	268.3M	232.9M	145.9M
Long Term Debt	1.2B	1.3B	1.3B	1.5B	1.4B	927.7M
Short Long Term Debt	22.5M	26M	19.6M	900K	84.4M	88.6M
Short Term Debt	39.6M	42.2M	37M	17.4M	103.1M	108.3M
Property Plant Equipment	719.3M	703.6M	719.7M	855.3M	983.6M	639.3M
Retained Earnings	497.2M	678M	796.1M	1.0B	1.0B	546.3M
Long Term Debt Total	741.2M	1.2B	1.3B	1.3B	1.4B	863.1M
Deferred Long Term Liab	2.5M	117M	114.6M	5.1M	5.9M	5.6M
Retained Earnings Total Equity	313.5M	497.2M	678M	796.1M	915.5M	961.3M
Short Term Investments	1.8M	700K	400K	200K	180K	171K
Capital Surpluse	98.3M	112.8M	121.3M	136.3M	156.7M	114.5M

Pair Trading with Ingevity Corp

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Ingevity Corp position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Ingevity Corp will appreciate offsetting losses from the drop in the long position's value.

Moving against Ingevity Stock

0.52

DNMR

Danimer Scientific

Pair Corr

The ability to find closely correlated positions to Ingevity Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ingevity Corp when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Ingevity Corp - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Ingevity Corp to buy it.

The correlation of Ingevity Corp is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Ingevity Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ingevity Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Ingevity Corp can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

Additional Tools for Ingevity Stock Analysis

When running Ingevity Corp's price analysis, check to measure Ingevity Corp's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Ingevity Corp is operating at the current time. Most of Ingevity Corp's value examination focuses on studying past and present price action to predict the probability of Ingevity Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ingevity Corp's price. Additionally, you may evaluate how the addition of Ingevity Corp to your portfolios can decrease your overall portfolio volatility.

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