ICON Debt Ratio from 2010 to 2024

ICLR Stock

USD 210.25 2.59 1.22%

ICON PLC Debt Ratio yearly trend continues to be relatively stable with very little volatility. Debt Ratio is likely to grow to 0.23 this year. During the period from 2010 to 2024, ICON PLC Debt Ratio destribution of quarterly values had r-value of 0.24 from its regression line and median of 0.20. View All Fundamentals

Debt Ratio

First Reported

2010-12-31

Previous Quarter

0.22222598

Current Value

0.23

Quarterly Volatility

0.08999393

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Yuan Drop

Covid

Check ICON PLC financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among ICON PLC's main balance sheet or income statement drivers, such as Interest Expense of 353.5 M, Total Revenue of 8.5 B or Gross Profit of 2.5 B, as well as many indicators such as Price To Sales Ratio of 1.46, Dividend Yield of 0.0 or PTB Ratio of 2.02. ICON financial statements analysis is a perfect complement when working with ICON PLC Valuation or Volatility modules.

Check out the analysis of ICON PLC Correlation against competitors.

To learn how to invest in ICON Stock, please use our How to Invest in ICON PLC guide.

Latest ICON PLC's Debt Ratio Growth Pattern

Below is the plot of the Debt Ratio of ICON PLC over the last few years. It is ICON PLC's Debt Ratio historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in ICON PLC's overall financial position and show how it may be relating to other accounts over time.

Debt Ratio

10 Years Trend

Pretty Stable

Compare to Others All Fundamentals

Debt Ratio

Timeline

ICON Debt Ratio Regression Statistics

	Arithmetic Mean	0.18
	Coefficient Of Variation	51.03
	Mean Deviation	0.06
	Median	0.20
	Standard Deviation	0.09
	Sample Variance	0.01
	Range	0.3629
	R-Value	0.24
	Mean Square Error	0.01
	R-Squared	0.06
	Significance	0.40
	Slope	0
	Total Sum of Squares	0.11

ICON Debt Ratio History

	2024	0.23
	2023	0.22
	2022	0.27
	2021	0.31
	2020	-0.0503
	2019	0.12
	2018	0.15

Other Fundumenentals of ICON PLC

Cash Flow To Debt Ratio

ICON PLC Debt Ratio component correlations

	Total Assets	Total Stockholder Equity	Net Debt	Retained Earnings	Accounts Payable	Net Receivables	Short Term Investments	Total Liab	Total Current Assets	Short Term Debt	Common Stock	Long Term Debt	Good Will	Intangible Assets	Property Plant Equipment	Current Deferred Revenue	Net Tangible Assets	Short Long Term Debt	Deferred Long Term Liab	Long Term Investments	Long Term Debt Total	Capital Surpluse	Net Invested Capital	Net Working Capital	Capital Stock
Total Assets		1.0	0.98	0.88	0.95	0.97	-0.73	1.0	0.95	-0.13	0.53	0.98	1.0	0.99	0.97	0.98	-0.98	-0.8	-0.42	0.87	0.64	0.72	0.95	-0.19	0.98
Total Stockholder Equity	1.0		0.96	0.91	0.96	0.98	-0.73	0.98	0.95	-0.13	0.51	0.96	1.0	0.98	0.98	0.99	-0.96	-0.78	-0.42	0.9	0.7	0.72	0.93	-0.17	0.97
Net Debt	0.98	0.96		0.77	0.87	0.9	-0.69	0.99	0.87	-0.06	0.52	0.99	0.98	1.0	0.91	0.93	-1.0	-0.76	-0.38	0.79	0.53	0.62	0.97	-0.31	0.99
Retained Earnings	0.88	0.91	0.77		0.96	0.96	-0.7	0.85	0.97	-0.2	0.5	0.78	0.87	0.82	0.94	0.94	-0.77	-0.73	-0.49	0.88	0.78	0.82	0.76	0.09	0.81
Accounts Payable	0.95	0.96	0.87	0.96		0.96	-0.78	0.92	0.96	-0.26	0.42	0.87	0.94	0.91	0.97	0.98	-0.88	-0.78	-0.46	0.94	0.8	0.77	0.85	-0.02	0.9
Net Receivables	0.97	0.98	0.9	0.96	0.96		-0.72	0.95	0.98	-0.15	0.52	0.9	0.96	0.92	0.97	0.99	-0.9	-0.78	-0.52	0.89	0.71	0.79	0.88	-0.06	0.92
Short Term Investments	-0.73	-0.73	-0.69	-0.7	-0.78	-0.72		-0.73	-0.75	0.5	-0.15	-0.69	-0.72	-0.71	-0.72	-0.73	0.68	0.8	0.41	-0.65	-0.47	-0.76	-0.7	-0.22	-0.7
Total Liab	1.0	0.98	0.99	0.85	0.92	0.95	-0.73		0.93	-0.13	0.54	0.99	0.99	1.0	0.96	0.97	-0.99	-0.81	-0.42	0.83	0.58	0.71	0.96	-0.2	0.98
Total Current Assets	0.95	0.95	0.87	0.97	0.96	0.98	-0.75	0.93		-0.23	0.55	0.88	0.93	0.9	0.97	0.97	-0.87	-0.83	-0.55	0.84	0.66	0.85	0.86	0.05	0.89
Short Term Debt	-0.13	-0.13	-0.06	-0.2	-0.26	-0.15	0.5	-0.13	-0.23		0.14	-0.1	-0.11	-0.1	-0.14	-0.21	0.07	0.61	0.02	-0.25	-0.04	-0.23	-0.12	-0.71	-0.08
Common Stock	0.53	0.51	0.52	0.5	0.42	0.52	-0.15	0.54	0.55	0.14		0.56	0.51	0.52	0.59	0.53	-0.54	-0.51	-0.26	0.32	0.22	0.48	0.61	-0.06	0.55
Long Term Debt	0.98	0.96	0.99	0.78	0.87	0.9	-0.69	0.99	0.88	-0.1	0.56		0.98	0.99	0.93	0.93	-0.99	-0.79	-0.35	0.78	0.5	0.64	0.97	-0.26	0.98
Good Will	1.0	1.0	0.98	0.87	0.94	0.96	-0.72	0.99	0.93	-0.11	0.51	0.98		0.99	0.96	0.98	-0.98	-0.78	-0.4	0.88	0.65	0.69	0.95	-0.22	0.99
Intangible Assets	0.99	0.98	1.0	0.82	0.91	0.92	-0.71	1.0	0.9	-0.1	0.52	0.99	0.99		0.94	0.95	-1.0	-0.78	-0.36	0.83	0.58	0.65	0.96	-0.26	0.99
Property Plant Equipment	0.97	0.98	0.91	0.94	0.97	0.97	-0.72	0.96	0.97	-0.14	0.59	0.93	0.96	0.94		0.98	-0.92	-0.79	-0.45	0.87	0.69	0.77	0.89	-0.13	0.93
Current Deferred Revenue	0.98	0.99	0.93	0.94	0.98	0.99	-0.73	0.97	0.97	-0.21	0.53	0.93	0.98	0.95	0.98		-0.93	-0.81	-0.45	0.92	0.71	0.74	0.91	-0.08	0.94
Net Tangible Assets	-0.98	-0.96	-1.0	-0.77	-0.88	-0.9	0.68	-0.99	-0.87	0.07	-0.54	-0.99	-0.98	-1.0	-0.92	-0.93		0.76	0.37	-0.8	-0.55	-0.62	-0.97	0.3	-0.99
Short Long Term Debt	-0.8	-0.78	-0.76	-0.73	-0.78	-0.78	0.8	-0.81	-0.83	0.61	-0.51	-0.79	-0.78	-0.78	-0.79	-0.81	0.76		0.35	-0.66	-0.38	-0.75	-0.83	-0.32	-0.78
Deferred Long Term Liab	-0.42	-0.42	-0.38	-0.49	-0.46	-0.52	0.41	-0.42	-0.55	0.02	-0.26	-0.35	-0.4	-0.36	-0.45	-0.45	0.37	0.35		-0.29	-0.3	-0.57	-0.33	-0.12	-0.34
Long Term Investments	0.87	0.9	0.79	0.88	0.94	0.89	-0.65	0.83	0.84	-0.25	0.32	0.78	0.88	0.83	0.87	0.92	-0.8	-0.66	-0.29		0.85	0.57	0.76	-0.1	0.84
Long Term Debt Total	0.64	0.7	0.53	0.78	0.8	0.71	-0.47	0.58	0.66	-0.04	0.22	0.5	0.65	0.58	0.69	0.71	-0.55	-0.38	-0.3	0.85		0.54	0.54	-0.06	0.62
Capital Surpluse	0.72	0.72	0.62	0.82	0.77	0.79	-0.76	0.71	0.85	-0.23	0.48	0.64	0.69	0.65	0.77	0.74	-0.62	-0.75	-0.57	0.57	0.54		0.71	0.27	0.67
Net Invested Capital	0.95	0.93	0.97	0.76	0.85	0.88	-0.7	0.96	0.86	-0.12	0.61	0.97	0.95	0.96	0.89	0.91	-0.97	-0.83	-0.33	0.76	0.54	0.71		-0.2	0.98
Net Working Capital	-0.19	-0.17	-0.31	0.09	-0.02	-0.06	-0.22	-0.2	0.05	-0.71	-0.06	-0.26	-0.22	-0.26	-0.13	-0.08	0.3	-0.32	-0.12	-0.1	-0.06	0.27	-0.2		-0.25
Capital Stock	0.98	0.97	0.99	0.81	0.9	0.92	-0.7	0.98	0.89	-0.08	0.55	0.98	0.99	0.99	0.93	0.94	-0.99	-0.78	-0.34	0.84	0.62	0.67	0.98	-0.25

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About ICON PLC Financial Statements

ICON PLC shareholders use historical fundamental indicators, such as Debt Ratio, to determine how well the company is positioned to perform in the future. Although ICON PLC investors may analyze each financial statement separately, they are all interrelated. The changes in ICON PLC's assets and liabilities, for example, are also reflected in the revenues and expenses on on ICON PLC's income statement. Understanding these patterns can help investors time the market effectively. Please read more on our fundamental analysis page.

	Last Reported	Projected for Next Year
Debt Ratio	0.22	0.23
Cash Flow To Debt Ratio	0.31	0.29

Pair Trading with ICON PLC

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 ICON PLC 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 ICON PLC will appreciate offsetting losses from the drop in the long position's value.

Moving together with ICON Stock

0.7	A	Agilent Technologies	Pair Corr
0.84	ME	23Andme Holding	Pair Corr
0.76	VALN	Valneva SE ADR	Pair Corr

Moving against ICON Stock

0.8	DRUG	Bright Minds Biosciences	Pair Corr
0.76	VERA	Vera Therapeutics	Pair Corr
0.74	VCYT	Veracyte	Pair Corr
0.56	VCEL	Vericel Corp Ord	Pair Corr
0.54	VANI	Vivani Medical	Pair Corr

The ability to find closely correlated positions to ICON PLC could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ICON PLC 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 ICON PLC - 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 ICON PLC to buy it.

The correlation of ICON PLC 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 ICON PLC moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ICON PLC 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 ICON PLC 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 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.

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ICON Debt Ratio from 2010 to 2024

Latest ICON PLC's Debt Ratio Growth Pattern

ICON Debt Ratio Regression Statistics

ICON Debt Ratio History

Other Fundumenentals of ICON PLC

ICON PLC Debt Ratio component correlations

About ICON PLC Financial Statements

Pair Trading with ICON PLC

Moving together with ICON Stock

Moving against ICON Stock

Additional Tools for ICON Stock Analysis

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