Independent Short Long Term Debt Total vs Cash And Short Term Investments Analysis
IBTX Stock | USD 43.18 0.07 0.16% |
Independent Bank financial indicator trend analysis is infinitely more than just investigating Independent Bank recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Independent Bank is a good investment. Please check the relationship between Independent Bank Short Long Term Debt Total and its Cash And Short Term Investments accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Independent Bank Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. For more information on how to buy Independent Stock please use our How to Invest in Independent Bank guide.
Short Long Term Debt Total vs Cash And Short Term Investments
Short Long Term Debt Total vs Cash And Short Term Investments Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Independent Bank Short Long Term Debt Total account and Cash And Short Term Investments. At this time, the significance of the direction appears to have strong relationship.
The correlation between Independent Bank's Short Long Term Debt Total and Cash And Short Term Investments is 0.62. Overlapping area represents the amount of variation of Short Long Term Debt Total that can explain the historical movement of Cash And Short Term Investments in the same time period over historical financial statements of Independent Bank Group, assuming nothing else is changed. The correlation between historical values of Independent Bank's Short Long Term Debt Total and Cash And Short Term Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Short Long Term Debt Total of Independent Bank Group are associated (or correlated) with its Cash And Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Short Term Investments has no effect on the direction of Short Long Term Debt Total i.e., Independent Bank's Short Long Term Debt Total and Cash And Short Term Investments go up and down completely randomly.
Correlation Coefficient | 0.62 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Short Long Term Debt Total
Cash And Short Term Investments
Short Term Investments is an account in the current assets section of Independent Bank balance sheet. This account contains Independent Bank investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Independent Bank Group fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.Most indicators from Independent Bank's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Independent Bank 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 Independent Bank Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. For more information on how to buy Independent Stock please use our How to Invest in Independent Bank guide.At this time, Independent Bank's Sales General And Administrative To Revenue is fairly stable compared to the past year. Enterprise Value Over EBITDA is likely to rise to 172.98 in 2024, whereas Selling General Administrative is likely to drop slightly above 124.4 M in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 63.2M | 96.8M | 56.4M | 54.8M | Depreciation And Amortization | 12.6M | 12.5M | 12.4M | 7.1M |
Independent Bank fundamental ratios Correlations
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Independent Bank Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Independent Bank fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 15.0B | 17.8B | 18.7B | 18.3B | 19.0B | 10.1B | |
Short Long Term Debt Total | 581.1M | 741.2M | 487.6M | 621.5M | 676.4M | 486.9M | |
Total Stockholder Equity | 2.3B | 2.5B | 2.6B | 2.4B | 2.4B | 1.4B | |
Property Plant And Equipment Net | 242.9M | 249.5M | 308.0M | 355.4M | 355.8M | 185.8M | |
Net Debt | 10.2M | (1.1B) | (2.1B) | (33.3M) | (45.8M) | (48.1M) | |
Retained Earnings | 393.7M | 543.8M | 625.5M | 638.4M | 616.7M | 647.6M | |
Cash | 570.9M | 1.8B | 2.6B | 654.8M | 722.2M | 666.1M | |
Non Current Assets Total | 2.4B | 2.5B | 3.4B | 3.3B | 18.3B | 19.2B | |
Non Currrent Assets Other | (6.9M) | (3.9M) | (26.2M) | (78.7M) | 16.1B | 16.9B | |
Other Assets | 10.9B | 12.3B | 10.7B | 12.6B | 14.5B | 7.8B | |
Cash And Short Term Investments | 1.7B | 3.0B | 4.6B | 2.3B | 1.7B | 1.4B | |
Common Stock Total Equity | 430K | 431K | 428K | 412K | 473.8K | 268.8K | |
Common Stock Shares Outstanding | 43.0M | 42.8M | 42.7M | 41.5M | 41.3M | 27.9M | |
Short Term Investments | 1.1B | 1.2B | 2.0B | 1.7B | 1.6B | 803.8M | |
Liabilities And Stockholders Equity | 15.0B | 17.8B | 18.7B | 18.3B | 19.0B | 10.1B | |
Non Current Liabilities Total | 581.1M | 741.2M | 487.6M | 15.9B | 13.1B | 13.8B | |
Other Current Assets | 575.7M | 1.8B | 2.7B | 735.2M | 731.7M | 695.1M | |
Other Stockholder Equity | 1.9B | 1.9B | 1.9B | 2.0B | 2.0B | 1.1B | |
Total Liab | 12.6B | 15.2B | 16.2B | 15.9B | 16.6B | 8.7B | |
Property Plant And Equipment Gross | 242.9M | 249.5M | 380.0M | 434.8M | 451.0M | 473.5M | |
Total Current Assets | 1.7B | 3.0B | 4.6B | 2.3B | 731.7M | 695.1M | |
Accumulated Other Comprehensive Income | 19.3M | 36.3M | 5.2M | (212.6M) | (181.2M) | (172.2M) | |
Intangible Assets | 100.7M | 88.1M | 75.5M | 63.0M | 50.6M | 41.0M | |
Common Stock | 430K | 431K | 428K | 412K | 413K | 282.1K | |
Other Liab | 60.4M | 98.0M | 114.5M | 104.2M | 119.8M | 125.8M | |
Accounts Payable | 11.9B | 14.4B | 15.6B | 15.1B | 17.4B | 18.3B | |
Long Term Debt | 556.6M | 366.2M | 487.6M | 621.5M | 642.7M | 674.8M | |
Inventory | 4.9M | 589K | 114K | 47.9M | 43.1M | 45.3M | |
Property Plant Equipment | 281.7M | 249.9M | 308.0M | 379.3M | 436.2M | 458.0M | |
Other Current Liab | (24.5M) | (6.5M) | (17M) | 7.6B | 3.5B | 3.3B | |
Total Current Liabilities | 24.5M | 6.5M | 17M | 7.6B | 3.5B | 3.4B | |
Net Tangible Assets | 1.2B | 1.4B | 1.5B | 1.3B | 1.5B | 907.3M | |
Long Term Debt Total | 256.1M | 366.2M | 337.6M | 321.5M | 369.7M | 212.6M | |
Capital Surpluse | 1.9B | 1.9B | 1.9B | 2.0B | 2.3B | 1.3B | |
Long Term Investments | 1.1B | 14.2B | 2.0B | 1.9B | 1.8B | 1.7B | |
Short Long Term Debt | 24.5M | 6.5M | 17M | 0.0 | 33.8M | 32.1M | |
Short Term Debt | 24.5M | 6.5M | 17M | 5.4M | 33.8M | 32.1M |
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Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Independent Bank Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. For more information on how to buy Independent Stock please use our How to Invest in Independent Bank guide.You can also try the Companies Directory module to evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals.
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Is Independent Bank'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 Independent Bank. If investors know Independent 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 Independent Bank 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 (0.64) | Dividend Share 1.52 | Earnings Share 2.53 | Revenue Per Share 11.705 | Quarterly Revenue Growth (0.15) |
The market value of Independent Bank is measured differently than its book value, which is the value of Independent that is recorded on the company's balance sheet. Investors also form their own opinion of Independent Bank's value that differs from its market value or its book value, called intrinsic value, which is Independent Bank'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 Independent Bank's market value can be influenced by many factors that don't directly affect Independent Bank'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 Independent Bank's value and its price as these two are different measures arrived at by different means. Investors typically determine if Independent Bank is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Independent Bank'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.