ICON Total Current Liabilities vs Good Will 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 Total Current Liabilities and its Good Will 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.
Total Current Liabilities vs Good Will
Total Current Liabilities vs Good Will Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of ICON PLC Total Current Liabilities account and Good Will. At this time, the significance of the direction appears to have almost identical trend.
The correlation between ICON PLC's Total Current Liabilities and Good Will is 0.97. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Good Will 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 Total Current Liabilities and Good Will 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 Current Liabilities of ICON PLC are associated (or correlated) with its Good Will. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Good Will has no effect on the direction of Total Current Liabilities i.e., ICON PLC's Total Current Liabilities and Good Will go up and down completely randomly.
Correlation Coefficient | 0.97 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Total Current Liabilities
Total Current Liabilities is an item on ICON PLC balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of ICON PLC are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.Good Will
An intangible asset that arises when a company acquires another business for more than the fair market value of its net identifiable assets, representing the value of the brand, customer base, and other intangible factors.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.
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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 Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.
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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 8.24 | 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.