ICON Other Current Liab vs Other Current Assets Analysis
| ICLR Stock | USD 318.86 2.94 0.91% |
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 Other Current Liab and its Other Current Assets 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.
Other Current Liab vs Other Current Assets
Other Current Liab vs Other Current Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of ICON PLC Other Current Liab account and Other Current Assets. At this time, the significance of the direction appears to have weak relationship.
The correlation between ICON PLC's Other Current Liab and Other Current Assets is 0.36. Overlapping area represents the amount of variation of Other Current Liab that can explain the historical movement of Other Current Assets 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 Other Current Liab and Other Current Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Current Liab of ICON PLC are associated (or correlated) with its Other Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Assets has no effect on the direction of Other Current Liab i.e., ICON PLC's Other Current Liab and Other Current Assets go up and down completely randomly.
Correlation Coefficient | 0.36 |
| Relationship Direction | Positive |
| Relationship Strength | Very Weak |
Other Current Liab
Other Current Assets
Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.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 05/16/2024, 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
Click cells to compare fundamentals
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 |
ICON PLC Investors Sentiment
The influence of ICON PLC's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in ICON. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to ICON PLC's public news can be used to forecast risks associated with an investment in ICON. The trend in average sentiment can be used to explain how an investor holding ICON can time the market purely based on public headlines and social activities around ICON PLC. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
ICON PLC's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for ICON PLC's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average ICON PLC's news discussions. The higher the estimated score, the more favorable is the investor's outlook on ICON PLC.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards ICON PLC in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, ICON PLC's short interest history, or implied volatility extrapolated from ICON PLC options trading.
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
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 Economic Indicators module to top statistical indicators that provide insights into how an economy is performing.
Complementary Tools for ICON Stock analysis
When running ICON PLC's price analysis, check to measure ICON PLC'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 ICON PLC is operating at the current time. Most of ICON PLC's value examination focuses on studying past and present price action to predict the probability of ICON PLC's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ICON PLC's price. Additionally, you may evaluate how the addition of ICON PLC to your portfolios can decrease your overall portfolio volatility.
| Bond Analysis Evaluate and analyze corporate bonds as a potential investment for your portfolios. | |
| Fundamentals Comparison Compare fundamentals across multiple equities to find investing opportunities | |
| Fundamental Analysis View fundamental data based on most recent published financial statements | |
| Idea Optimizer Use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio | |
| CEOs Directory Screen CEOs from public companies around the world | |
| Aroon Oscillator Analyze current equity momentum using Aroon Oscillator and other momentum ratios | |
| Global Markets Map Get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes | |
| Options Analysis Analyze and evaluate options and option chains as a potential hedge for your portfolios | |
| Equity Forecasting Use basic forecasting models to generate price predictions and determine price momentum |
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 8.24 | 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.