International Short Term Debt vs Good Will Analysis
IGIC Stock | USD 25.98 0.04 0.15% |
International General financial indicator trend analysis is infinitely more than just investigating International General recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether International General is a good investment. Please check the relationship between International General Short Term Debt and its Good Will accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in International General Insurance. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.
Short Term Debt vs Good Will
Short Term Debt vs Good Will Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of International General Short Term Debt account and Good Will. At this time, the significance of the direction appears to have strong relationship.
The correlation between International General's Short Term Debt and Good Will is 0.65. Overlapping area represents the amount of variation of Short Term Debt that can explain the historical movement of Good Will in the same time period over historical financial statements of International General Insurance, assuming nothing else is changed. The correlation between historical values of International General's Short Term Debt 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 Short Term Debt of International General Insurance 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 Short Term Debt i.e., International General's Short Term Debt and Good Will go up and down completely randomly.
Correlation Coefficient | 0.65 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Short Term Debt
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 International General's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into International General 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 International General Insurance. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product. At present, International General's Enterprise Value Over EBITDA is projected to decrease significantly based on the last few years of reporting. The current year's Enterprise Value Multiple is expected to grow to 4.24, whereas Selling General Administrative is forecasted to decline to about 46.9 M.
2021 | 2022 | 2023 | 2024 (projected) | Total Revenue | 357.1M | 386.6M | 472.0M | 320.9M | Interest Income | 14.8M | 21.1M | 40.7M | 42.8M |
International General fundamental ratios Correlations
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International General Account Relationship Matchups
High Positive Relationship
High Negative Relationship
International General fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 1.0B | 1.3B | 1.5B | 1.6B | 1.5B | 1.2B | |
Total Current Liabilities | 55.3M | 83.5M | 89.5M | 87.8M | 582.5M | 611.7M | |
Total Stockholder Equity | 312.1M | 394.6M | 401.9M | 429.8M | 540.4M | 364.6M | |
Retained Earnings | 182.2M | 209.4M | 232.5M | 307.2M | 423.0M | 221.3M | |
Other Assets | 669.3M | 949.7M | 1.0B | (159.0B) | (716.4M) | (752.2M) | |
Cash And Short Term Investments | 192.5M | 133.4M | 242.1M | 138M | 177.0M | 130.5M | |
Total Liab | 696.9M | 884.6M | 1.1B | 1.1B | 976.4M | 787.4M | |
Total Current Assets | 310.1M | 300M | 421.5M | 137.9B | 572.3M | 543.7M | |
Other Current Liab | (55.3M) | (90.7M) | (103.0M) | (92.5M) | 490.0M | 514.5M | |
Other Liab | 292.4M | 340.5M | 118.7M | 125.9M | 144.8M | 218.5M | |
Net Tangible Assets | 308.3M | 389.9M | 397.6M | 426.2M | 490.1M | 380.3M | |
Accounts Payable | 55.3M | 88.5M | 100.8M | 90.4M | 89.7M | 101.1M | |
Cash | 192.5M | 133.4M | 242.1M | 138M | 177.0M | 165.0M | |
Net Receivables | 117.6M | 166.6M | 179.4M | 404.8M | 468.3M | 491.7M | |
Common Stock Shares Outstanding | 21.5M | 43.0M | 45.5M | 45.5M | 43.5M | 41.2M | |
Other Current Assets | 33.6K | 307.4M | 429.4M | 333.2M | 572.3M | 379.8M | |
Other Stockholder Equity | (17.3M) | 157.7M | 159.5M | 147.9M | 137.6M | 82.0M | |
Deferred Long Term Liab | 15.2M | 17.1M | 17.2M | 19.7M | 22.7M | 16.0M | |
Long Term Investments | 13.1M | 11.6M | 5.7M | 6M | 839.5M | 881.4M | |
Cash And Equivalents | 192.5M | 133.4M | 242.1M | 138M | 158.7M | 160.8M | |
Intangible Assets | 3.9M | 4.7M | 4.3M | 3.6M | 65.3M | 68.5M | |
Property Plant Equipment | 12.7M | 13.2M | 14.9M | 13.4M | 15.4M | 14.7M | |
Property Plant And Equipment Net | 12.7M | 13.2M | 14.9M | 13.4M | 2.1M | 2.0M | |
Net Debt | (190.9M) | (130.4M) | (238.3M) | (134.9M) | (177.0M) | (185.9M) | |
Non Current Assets Total | 29.7M | 29.5M | 24.9M | 22.7B | 1.7B | 1.6B | |
Non Currrent Assets Other | (29.7M) | (29.5M) | (471K) | 17.0B | 1.5B | 1.4B | |
Short Term Investments | 279.4M | 412.6M | 439.2M | 507.3M | 120.6M | 114.6M | |
Liabilities And Stockholders Equity | 1.0B | 1.3B | 1.5B | 1.6B | 1.5B | 1.4B | |
Non Current Liabilities Total | 10.8M | 14.1M | 17.5M | 87.8M | 1.3B | 1.4B | |
Net Invested Capital | 312.1M | 394.6M | 401.9M | 429.8M | 540.4M | 436.3M | |
Accumulated Other Comprehensive Income | 3.9M | 17.9M | 9.4M | (37.8M) | (20.6M) | (19.6M) |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether International General offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of International General's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of International General Insurance Stock. Outlined below are crucial reports that will aid in making a well-informed decision on International General Insurance Stock:Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in International General Insurance. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product. You can also try the Premium Stories module to follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.
Is Property & Casualty Insurance space 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 International General. If investors know International 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 International General 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 2.157 | Dividend Share 0.01 | Earnings Share 3.11 | Revenue Per Share 11.604 | Quarterly Revenue Growth 0.363 |
The market value of International General is measured differently than its book value, which is the value of International that is recorded on the company's balance sheet. Investors also form their own opinion of International General's value that differs from its market value or its book value, called intrinsic value, which is International General'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 International General's market value can be influenced by many factors that don't directly affect International General'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 International General's value and its price as these two are different measures arrived at by different means. Investors typically determine if International General is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, International General'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.