Impax Net Debt vs Non Currrent Assets Other Analysis

IEM Stock   376.50  3.00  0.80%   
Impax Environmental financial indicator trend analysis is infinitely more than just investigating Impax Environmental recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Impax Environmental is a good investment. Please check the relationship between Impax Environmental Net Debt and its Non Currrent Assets Other accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Impax Environmental Markets. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

Net Debt vs Non Currrent Assets Other

Net Debt vs Non Currrent Assets Other Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Impax Environmental Net Debt account and Non Currrent Assets Other. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Impax Environmental's Net Debt and Non Currrent Assets Other is -0.65. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Non Currrent Assets Other in the same time period over historical financial statements of Impax Environmental Markets, assuming nothing else is changed. The correlation between historical values of Impax Environmental's Net Debt and Non Currrent Assets Other is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Debt of Impax Environmental Markets are associated (or correlated) with its Non Currrent Assets Other. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Currrent Assets Other has no effect on the direction of Net Debt i.e., Impax Environmental's Net Debt and Non Currrent Assets Other go up and down completely randomly.

Correlation Coefficient

-0.65
Relationship DirectionNegative 
Relationship StrengthWeak

Net Debt

The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.

Non Currrent Assets Other

Assets that are not physical or tangible, expected to provide value for more than one year, and not easily converted into cash, such as long-term investments or patents.
Most indicators from Impax Environmental's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Impax Environmental 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 Impax Environmental Markets. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.
The current year's Tax Provision is expected to grow to about 1.7 M, whereas Selling General Administrative is forecasted to decline to about 1.2 M.

Impax Environmental fundamental ratios Correlations

-0.280.641.00.67-0.20.841.0-1.0-0.140.840.260.30.250.850.790.860.830.460.62-0.120.210.750.960.840.95
-0.280.27-0.290.070.1-0.39-0.280.30.07-0.390.01-0.04-0.13-0.07-0.3-0.07-0.37-0.14-0.440.05-0.11-0.14-0.26-0.32-0.35
0.640.270.630.82-0.10.220.65-0.62-0.170.220.110.270.480.780.630.780.220.37-0.09-0.140.240.730.770.530.52
1.0-0.290.630.65-0.190.851.0-1.0-0.150.850.270.310.240.830.80.840.830.460.64-0.120.220.740.950.840.95
0.670.070.820.65-0.390.310.68-0.650.030.31-0.040.120.410.950.490.940.30.23-0.05-0.080.070.690.770.50.52
-0.20.1-0.1-0.19-0.39-0.04-0.20.19-0.19-0.040.730.32-0.32-0.33-0.28-0.320.030.210.060.020.06-0.17-0.28-0.08-0.21
0.84-0.390.220.850.31-0.040.83-0.86-0.161.00.440.16-0.130.590.540.61.00.280.810.030.010.550.70.780.88
1.0-0.280.651.00.68-0.20.83-1.0-0.140.830.260.310.250.850.80.860.820.460.61-0.120.220.750.960.840.95
-1.00.3-0.62-1.0-0.650.19-0.86-1.00.14-0.86-0.27-0.31-0.2-0.83-0.79-0.84-0.84-0.47-0.640.12-0.21-0.76-0.95-0.86-0.96
-0.140.07-0.17-0.150.03-0.19-0.16-0.140.14-0.16-0.07-0.12-0.16-0.04-0.25-0.04-0.16-0.14-0.19-0.08-0.27-0.15-0.17-0.17-0.16
0.84-0.390.220.850.31-0.041.00.83-0.86-0.160.440.16-0.130.590.540.61.00.280.810.030.010.550.70.780.88
0.260.010.110.27-0.040.730.440.26-0.27-0.070.440.25-0.150.120.120.140.520.210.37-0.080.20.210.180.380.26
0.3-0.040.270.310.120.320.160.31-0.31-0.120.160.25-0.060.160.410.160.180.980.1-0.120.190.250.190.230.17
0.25-0.130.480.240.41-0.32-0.130.25-0.2-0.16-0.13-0.15-0.060.330.560.32-0.14-0.02-0.22-0.170.290.190.440.080.13
0.85-0.070.780.830.95-0.330.590.85-0.83-0.040.590.120.160.330.61.00.570.290.22-0.060.070.760.890.680.73
0.79-0.30.630.80.49-0.280.540.8-0.79-0.250.540.120.410.560.60.610.520.540.36-0.260.440.720.840.750.77
0.86-0.070.780.840.94-0.320.60.86-0.84-0.040.60.140.160.321.00.610.590.290.24-0.060.080.760.890.690.74
0.83-0.370.220.830.30.031.00.82-0.84-0.161.00.520.18-0.140.570.520.590.290.80.020.030.550.690.790.87
0.46-0.140.370.460.230.210.280.46-0.47-0.140.280.210.98-0.020.290.540.290.290.19-0.150.230.430.360.410.35
0.62-0.44-0.090.64-0.050.060.810.61-0.64-0.190.810.370.1-0.220.220.360.240.80.19-0.190.340.240.440.580.71
-0.120.05-0.14-0.12-0.080.020.03-0.120.12-0.080.03-0.08-0.12-0.17-0.06-0.26-0.060.02-0.15-0.19-0.64-0.19-0.16-0.21-0.14
0.21-0.110.240.220.070.060.010.22-0.21-0.270.010.20.190.290.070.440.080.030.230.34-0.640.290.280.330.26
0.75-0.140.730.740.69-0.170.550.75-0.76-0.150.550.210.250.190.760.720.760.550.430.24-0.190.290.820.910.8
0.96-0.260.770.950.77-0.280.70.96-0.95-0.170.70.180.190.440.890.840.890.690.360.44-0.160.280.820.830.91
0.84-0.320.530.840.5-0.080.780.84-0.86-0.170.780.380.230.080.680.750.690.790.410.58-0.210.330.910.830.93
0.95-0.350.520.950.52-0.210.880.95-0.96-0.160.880.260.170.130.730.770.740.870.350.71-0.140.260.80.910.93
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Impax Environmental Account Relationship Matchups

Impax Environmental fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets688.9M1.1B1.5B1.3B1.3B1.4B
Other Current Liab(77K)(1.5M)(98K)(51.7M)3.8M4.0M
Total Current Liabilities77K1.6M3.0M133K7.6M8.0M
Total Stockholder Equity657.0M1.1B1.5B1.3B1.2B1.3B
Net Debt16.3M18.9M20.8M25.3M70.3M73.8M
Accounts Payable77K1.5M98K133K119.7K113.7K
Cash13.8M30.0M28.3M26.3M16.8M11.7M
Non Current Assets Total674.9M1.1B1.5B1.3B1.3B1.4B
Non Currrent Assets Other(674.9M)(1.1B)(1.5B)(1.3B)(1.3B)(1.2B)
Other Assets481.6M23K58K90K39K37.1K
Cash And Short Term Investments13.8M30.0M28.3M26.3M16.8M11.7M
Net Receivables203K3.9M274K512K586K585.8K
Liabilities And Stockholders Equity688.9M1.1B1.5B1.3B1.3B1.4B
Non Current Liabilities Total30.1M48.9M49.1M51.6M87.1M91.5M
Other Stockholder Equity62.2M239.1M388.3M423.1M423.1M444.3M
Total Liab32.0M53.7M52.7M53.7M91.0M95.5M
Total Current Assets14.0M34.1M28.6M26.9M17.6M12.3M
Retained Earnings439.1M669.9M903.8M670.5M14.9M14.2M
Other Current Assets95K143.0K23K198.0K205K215.3K
Accumulated Other Comprehensive Income133.1M157.7M157.7M151.7M753.9M791.6M
Short Long Term Debt Total30.1M48.9M49.1M51.6M87.1M46.1M
Net Tangible Assets450.0M657.0M1.1B1.5B1.7B1.8B
Long Term Debt29.4M30.7M30.1M48.9M56.2M36.3M
Long Term Investments674.9M1.1B1.5B1.3B1.3B898.6M
Net Invested Capital687.1M1.1B1.5B1.3B1.3B1.1B

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Other Information on Investing in Impax Stock

Balance Sheet is a snapshot of the financial position of Impax Environmental at a specified time, usually calculated after every quarter, six months, or one year. Impax Environmental Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Impax Environmental and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Impax currently owns. An asset can also be divided into two categories, current and non-current.