Adani Intangible Assets vs Good Will Analysis

ATGL Stock

717.50 2.05 0.29%

Adani Total financial indicator trend analysis is way more than just evaluating Adani Total Gas prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Adani Total Gas is a good investment. Please check the relationship between Adani Total Intangible Assets and its Good Will accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Adani Total Gas. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Intangible Assets vs Good Will

Intangible Assets vs Good Will Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Adani Total Gas Intangible Assets account and Good Will. At this time, the significance of the direction appears to have very strong relationship.

The correlation between Adani Total's Intangible Assets and Good Will is 0.88. Overlapping area represents the amount of variation of Intangible Assets that can explain the historical movement of Good Will in the same time period over historical financial statements of Adani Total Gas, assuming nothing else is changed. The correlation between historical values of Adani Total's Intangible Assets 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 Intangible Assets of Adani Total Gas 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 Intangible Assets i.e., Adani Total's Intangible Assets and Good Will go up and down completely randomly.

Correlation Coefficient

0.88

Relationship Direction	Positive
Relationship Strength	Strong

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Intangible Assets

Non-physical assets possessed by a company, such as patents, trademarks, and copyrights, which provide long-term value.

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 Adani Total's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Adani Total Gas 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Adani Total Gas. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Selling General Administrative is likely to drop to about 268.2 M in 2024. Tax Provision is likely to drop to about 1.6 B in 2024

	2021	2022	2023	2024 (projected)
Interest Expense	482.9M	784.3M	1.1B	610.1M
Depreciation And Amortization	827.3M	1.1B	1.6B	836.8M

Interest Expense Depreciation And Amortization

Adani Total fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Good Will	Common Stock Shares Outstanding	Short Term Investments	Non Current Liabilities Total	Inventory	Other Current Assets	Total Liab	Total Current Assets	Short Term Debt	Intangible Assets	Common Stock	Current Deferred Revenue
Total Assets		0.97	0.9	0.91	0.89	0.88	0.96	0.9	0.76	-0.19	0.9	0.87	0.39	0.7	0.63	-0.41	0.49	0.6	0.99	0.31	0.99	0.71	0.83	0.72	-0.79	0.58
Short Long Term Debt Total	0.97		0.81	0.91	0.84	0.86	0.99	0.84	0.79	-0.19	0.86	0.8	0.46	0.74	0.6	-0.4	0.55	0.59	0.98	0.32	0.99	0.74	0.9	0.67	-0.64	0.51
Other Current Liab	0.9	0.81		0.94	0.97	0.94	0.83	0.97	0.76	-0.19	0.97	0.97	0.21	0.73	0.64	-0.62	0.35	0.44	0.87	0.24	0.86	0.56	0.71	0.84	-0.82	0.57
Total Current Liabilities	0.91	0.91	0.94		0.95	0.96	0.92	0.95	0.86	-0.19	0.97	0.92	0.43	0.82	0.58	-0.6	0.55	0.4	0.92	0.25	0.92	0.63	0.88	0.78	-0.72	0.58
Total Stockholder Equity	0.89	0.84	0.97	0.95		0.99	0.84	1.0	0.87	-0.04	1.0	0.98	0.3	0.8	0.74	-0.73	0.35	0.54	0.88	0.29	0.88	0.64	0.71	0.91	-0.79	0.44
Property Plant And Equipment Net	0.88	0.86	0.94	0.96	0.99		0.85	0.99	0.92	0.01	0.99	0.96	0.37	0.83	0.75	-0.76	0.39	0.55	0.89	0.28	0.88	0.64	0.74	0.91	-0.72	0.4
Net Debt	0.96	0.99	0.83	0.92	0.84	0.85		0.84	0.75	-0.32	0.86	0.79	0.41	0.75	0.53	-0.37	0.58	0.52	0.97	0.32	0.98	0.72	0.93	0.64	-0.64	0.56
Retained Earnings	0.9	0.84	0.97	0.95	1.0	0.99	0.84		0.87	-0.04	1.0	0.98	0.3	0.8	0.74	-0.73	0.35	0.54	0.88	0.29	0.88	0.64	0.71	0.9	-0.79	0.44
Accounts Payable	0.76	0.79	0.76	0.86	0.87	0.92	0.75	0.87		0.2	0.88	0.82	0.56	0.82	0.77	-0.79	0.46	0.59	0.78	0.36	0.79	0.71	0.67	0.85	-0.52	0.18
Cash	-0.19	-0.19	-0.19	-0.19	-0.04	0.01	-0.32	-0.04	0.2		-0.06	-0.01	0.21	-0.14	0.43	-0.35	-0.36	0.31	-0.18	-0.08	-0.19	-0.06	-0.41	0.19	0.07	-0.53
Non Current Assets Total	0.9	0.86	0.97	0.97	1.0	0.99	0.86	1.0	0.88	-0.06		0.98	0.32	0.81	0.72	-0.72	0.38	0.52	0.9	0.23	0.89	0.6	0.75	0.89	-0.76	0.46
Non Currrent Assets Other	0.87	0.8	0.97	0.92	0.98	0.96	0.79	0.98	0.82	-0.01	0.98		0.22	0.76	0.73	-0.72	0.26	0.5	0.84	0.23	0.84	0.58	0.65	0.91	-0.81	0.45
Cash And Short Term Investments	0.39	0.46	0.21	0.43	0.3	0.37	0.41	0.3	0.56	0.21	0.32	0.22		0.19	0.16	-0.04	0.84	0.1	0.43	0.27	0.44	0.41	0.56	0.11	-0.24	0.39
Net Receivables	0.7	0.74	0.73	0.82	0.8	0.83	0.75	0.8	0.82	-0.14	0.81	0.76	0.19		0.51	-0.71	0.3	0.44	0.73	0.16	0.73	0.62	0.69	0.77	-0.47	0.18
Good Will	0.63	0.6	0.64	0.58	0.74	0.75	0.53	0.74	0.77	0.43	0.72	0.73	0.16	0.51		-0.78	-0.06	0.86	0.62	0.37	0.62	0.58	0.26	0.88	-0.45	-0.14
Common Stock Shares Outstanding	-0.41	-0.4	-0.62	-0.6	-0.73	-0.76	-0.37	-0.73	-0.79	-0.35	-0.72	-0.72	-0.04	-0.71	-0.78		0.09	-0.51	-0.41	-0.22	-0.41	-0.42	-0.22	-0.9	0.34	0.21
Short Term Investments	0.49	0.55	0.35	0.55	0.35	0.39	0.58	0.35	0.46	-0.36	0.38	0.26	0.84	0.3	-0.06	0.09		-0.07	0.52	0.31	0.54	0.44	0.77	0.04	-0.29	0.67
Non Current Liabilities Total	0.6	0.59	0.44	0.4	0.54	0.55	0.52	0.54	0.59	0.31	0.52	0.5	0.1	0.44	0.86	-0.51	-0.07		0.6	0.51	0.6	0.72	0.23	0.64	-0.37	-0.24
Inventory	0.99	0.98	0.87	0.92	0.88	0.89	0.97	0.88	0.78	-0.18	0.9	0.84	0.43	0.73	0.62	-0.41	0.52	0.6		0.29	0.99	0.71	0.87	0.69	-0.73	0.55
Other Current Assets	0.31	0.32	0.24	0.25	0.29	0.28	0.32	0.29	0.36	-0.08	0.23	0.23	0.27	0.16	0.37	-0.22	0.31	0.51	0.29		0.33	0.8	0.21	0.25	-0.26	-0.03
Total Liab	0.99	0.99	0.86	0.92	0.88	0.88	0.98	0.88	0.79	-0.19	0.89	0.84	0.44	0.73	0.62	-0.41	0.54	0.6	0.99	0.33		0.74	0.87	0.7	-0.73	0.55
Total Current Assets	0.71	0.74	0.56	0.63	0.64	0.64	0.72	0.64	0.71	-0.06	0.6	0.58	0.41	0.62	0.58	-0.42	0.44	0.72	0.71	0.8	0.74		0.59	0.56	-0.53	0.14
Short Term Debt	0.83	0.9	0.71	0.88	0.71	0.74	0.93	0.71	0.67	-0.41	0.75	0.65	0.56	0.69	0.26	-0.22	0.77	0.23	0.87	0.21	0.87	0.59		0.43	-0.52	0.68
Intangible Assets	0.72	0.67	0.84	0.78	0.91	0.91	0.64	0.9	0.85	0.19	0.89	0.91	0.11	0.77	0.88	-0.9	0.04	0.64	0.69	0.25	0.7	0.56	0.43		-0.61	0.08
Common Stock	-0.79	-0.64	-0.82	-0.72	-0.79	-0.72	-0.64	-0.79	-0.52	0.07	-0.76	-0.81	-0.24	-0.47	-0.45	0.34	-0.29	-0.37	-0.73	-0.26	-0.73	-0.53	-0.52	-0.61		-0.63
Current Deferred Revenue	0.58	0.51	0.57	0.58	0.44	0.4	0.56	0.44	0.18	-0.53	0.46	0.45	0.39	0.18	-0.14	0.21	0.67	-0.24	0.55	-0.03	0.55	0.14	0.68	0.08	-0.63

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Adani Total Account Relationship Matchups

Adani Total fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	24.8B	32.0B	44.2B	56.5B	65.9B	33.4B
Short Long Term Debt Total	4.3B	5.3B	10.4B	14.2B	15.6B	7.8B
Other Current Liab	4.4B	5.9B	7.4B	7.7B	8.7B	9.1B
Total Current Liabilities	5.9B	8.1B	14.6B	21.9B	18.1B	19.0B
Total Stockholder Equity	14.7B	19.3B	24.2B	29.4B	35.8B	37.6B
Property Plant And Equipment Net	15.1B	20.4B	28.7B	39.2B	46.3B	48.6B
Net Debt	3.4B	5.2B	10.0B	14.1B	14.2B	7.1B
Retained Earnings	12.1B	16.8B	21.6B	26.8B	33.2B	34.8B
Accounts Payable	423.6M	324.1M	673.7M	3.1B	3.4B	3.6B
Cash	886.2M	102.3M	311.3M	120.4M	1.4B	1.4B
Non Current Assets Total	19.2B	29.8B	40.5B	47.9B	55.6B	58.4B
Non Currrent Assets Other	855.1M	803.5M	1.2B	1.2B	1.8B	1.9B
Cash And Short Term Investments	886.5M	102.6M	312.7M	4.3B	1.4B	1.2B
Net Receivables	781.4M	1.2B	2.2B	3.2B	4.1B	4.3B
Liabilities And Stockholders Equity	24.8B	32.0B	44.2B	56.5B	65.9B	33.4B
Non Current Liabilities Total	4.1B	4.6B	5.3B	5.1B	12.0B	6.6B
Inventory	413M	520.1M	767.8M	909.6M	991.7M	615.1M
Other Current Assets	3.5B	404.3M	376.5M	4.0B	3.8B	2.9B
Total Liab	10.1B	12.7B	20.0B	27.0B	30.1B	15.6B
Total Current Assets	5.6B	2.2B	3.6B	8.6B	10.3B	6.1B
Short Term Debt	1.1B	1.8B	6.5B	11.1B	6.0B	3.8B
Intangible Assets	75M	101.7M	76.2M	86.7M	230.4M	241.9M
Current Deferred Revenue	3.6B	4.4B	5.4B	7.5B	308.6M	293.2M
Other Liab	956M	1.2B	1.5B	2.0B	1.8B	1.5B
Net Tangible Assets	14.4B	19.0B	23.8B	29.1B	33.4B	17.6B
Other Assets	966.2M	4.5B	4.8B	1.5B	1.4B	2.6B
Long Term Debt	3.0B	3.1B	3.5B	2.7B	8.8B	9.3B
Short Long Term Debt	1.1B	1.2B	6.4B	11.0B	5.9B	4.0B
Property Plant Equipment	15.1B	20.4B	28.7B	39.2B	45.1B	47.3B
Net Invested Capital	18.7B	23.6B	34.1B	43.1B	50.5B	31.0B
Net Working Capital	(330.2M)	(5.8B)	(11.0B)	(13.4B)	(7.8B)	(7.4B)
Capital Lease Obligations	252.5M	408.4M	396.9M	502M	857.6M	443.2M

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Adani Intangible Assets vs Good Will Analysis

Intangible Assets vs Good Will

Intangible Assets vs Good Will Correlation Analysis

Correlation Coefficient

Intangible Assets

Good Will

Adani Total fundamental ratios Correlations

Adani Total Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Adani Total fundamental ratios Accounts

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Additional Tools for Adani Stock Analysis

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Retained Earnings	+ 1.0	Total Stockholder Equity
Non Current Assets Total	+ 1.0	Total Stockholder Equity
Non Current Assets Total	+ 1.0	Retained Earnings
Inventory	+ 0.99	Total Assets
Total Liab	+ 0.99	Total Assets
Net Debt	+ 0.99	Short Long Term Debt Total

Intangible Assets	- 0.9	Common Stock Shares Outstanding
Common Stock	- 0.82	Other Current Liab
Common Stock	- 0.81	Non Currrent Assets Other
Common Stock Shares Outstanding	- 0.79	Accounts Payable
Common Stock	- 0.79	Retained Earnings
Common Stock	- 0.79	Total Stockholder Equity