Indraprastha Inventory vs Other Stockholder Equity Analysis

IGL Stock   319.45  0.05  0.02%   
Indraprastha Gas financial indicator trend analysis is infinitely more than just investigating Indraprastha Gas recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Indraprastha Gas is a good investment. Please check the relationship between Indraprastha Gas Inventory and its Other Stockholder Equity accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Indraprastha Gas Limited. 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.

Inventory vs Other Stockholder Equity

Inventory vs Other Stockholder Equity Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Indraprastha Gas Inventory account and Other Stockholder Equity. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Indraprastha Gas' Inventory and Other Stockholder Equity is -0.3. Overlapping area represents the amount of variation of Inventory that can explain the historical movement of Other Stockholder Equity in the same time period over historical financial statements of Indraprastha Gas Limited, assuming nothing else is changed. The correlation between historical values of Indraprastha Gas' Inventory and Other Stockholder Equity is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Inventory of Indraprastha Gas Limited are associated (or correlated) with its Other Stockholder Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Stockholder Equity has no effect on the direction of Inventory i.e., Indraprastha Gas' Inventory and Other Stockholder Equity go up and down completely randomly.

Correlation Coefficient

-0.3
Relationship DirectionNegative 
Relationship StrengthInsignificant

Inventory

Other Stockholder Equity

Most indicators from Indraprastha Gas' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Indraprastha 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Indraprastha Gas Limited. 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.
The current year's Selling General Administrative is expected to grow to about 4.6 B. The current year's Tax Provision is expected to grow to about 5.9 B
 2021 2022 2023 2024 (projected)
Interest Expense132.1M105.9M275.5M145.6M
Depreciation And Amortization3.2B3.6B4.1B4.3B

Indraprastha Gas fundamental ratios Correlations

-0.20.580.991.01.0-0.240.990.051.0-0.040.960.93-0.660.370.50.0-0.190.990.99-0.660.960.40.670.51-0.34
-0.2-0.38-0.21-0.18-0.2-0.31-0.190.26-0.220.17-0.1-0.230.45-0.210.46-0.020.14-0.22-0.150.45-0.230.420.130.140.82
0.58-0.380.550.590.58-0.170.590.010.610.140.40.73-0.90.070.250.330.050.550.51-0.90.640.11-0.11-0.4-0.06
0.99-0.210.550.980.99-0.180.98-0.010.990.010.940.95-0.630.380.440.02-0.131.00.98-0.630.970.340.680.55-0.36
1.0-0.180.590.980.99-0.291.00.080.99-0.060.960.92-0.660.330.52-0.01-0.220.970.99-0.660.940.450.670.49-0.31
1.0-0.20.580.990.99-0.20.980.051.0-0.020.940.94-0.660.410.480.05-0.150.990.98-0.660.950.350.650.51-0.36
-0.24-0.31-0.17-0.18-0.29-0.2-0.3-0.82-0.220.37-0.29-0.190.120.39-0.48-0.010.45-0.14-0.270.12-0.08-0.68-0.13-0.08-0.38
0.99-0.190.590.981.00.98-0.30.080.99-0.060.960.92-0.660.290.51-0.01-0.230.970.99-0.660.940.460.670.49-0.31
0.050.260.01-0.010.080.05-0.820.080.06-0.460.050.020.0-0.080.380.16-0.38-0.020.030.0-0.150.39-0.120.020.26
1.0-0.220.610.990.991.0-0.220.990.06-0.010.940.95-0.690.380.480.05-0.150.990.98-0.690.960.360.630.47-0.34
-0.040.170.140.01-0.06-0.020.37-0.06-0.46-0.01-0.160.15-0.14-0.14-0.20.250.940.0-0.09-0.140.1-0.44-0.19-0.160.39
0.96-0.10.40.940.960.94-0.290.960.050.94-0.160.8-0.480.310.55-0.21-0.350.930.99-0.480.880.570.840.63-0.34
0.93-0.230.730.950.920.94-0.190.920.020.950.150.8-0.780.30.380.220.040.940.89-0.780.960.220.430.3-0.24
-0.660.45-0.9-0.63-0.66-0.660.12-0.660.0-0.69-0.14-0.48-0.78-0.07-0.06-0.29-0.06-0.64-0.581.0-0.680.020.020.20.21
0.37-0.210.070.380.330.410.390.29-0.080.38-0.140.310.3-0.070.3-0.05-0.030.440.33-0.070.35-0.150.260.31-0.52
0.50.460.250.440.520.48-0.480.510.380.48-0.20.550.38-0.060.3-0.01-0.30.450.53-0.060.410.750.470.230.28
0.0-0.020.330.02-0.010.05-0.01-0.010.160.050.25-0.210.22-0.29-0.05-0.010.430.03-0.1-0.290.06-0.29-0.45-0.310.22
-0.190.140.05-0.13-0.22-0.150.45-0.23-0.38-0.150.94-0.350.04-0.06-0.03-0.30.43-0.13-0.26-0.06-0.05-0.62-0.38-0.230.34
0.99-0.220.551.00.970.99-0.140.97-0.020.990.00.930.94-0.640.440.450.03-0.130.97-0.640.970.310.660.54-0.39
0.99-0.150.510.980.990.98-0.270.990.030.98-0.090.990.89-0.580.330.53-0.1-0.260.97-0.580.940.490.760.56-0.34
-0.660.45-0.9-0.63-0.66-0.660.12-0.660.0-0.69-0.14-0.48-0.781.0-0.07-0.06-0.29-0.06-0.64-0.58-0.680.020.020.20.21
0.96-0.230.640.970.940.95-0.080.94-0.150.960.10.880.96-0.680.350.410.06-0.050.970.94-0.680.280.60.41-0.33
0.40.420.110.340.450.35-0.680.460.390.36-0.440.570.220.02-0.150.75-0.29-0.620.310.490.020.280.580.280.22
0.670.13-0.110.680.670.65-0.130.67-0.120.63-0.190.840.430.020.260.47-0.45-0.380.660.760.020.60.580.85-0.3
0.510.14-0.40.550.490.51-0.080.490.020.47-0.160.630.30.20.310.23-0.31-0.230.540.560.20.410.280.85-0.33
-0.340.82-0.06-0.36-0.31-0.36-0.38-0.310.26-0.340.39-0.34-0.240.21-0.520.280.220.34-0.39-0.340.21-0.330.22-0.3-0.33
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Indraprastha Gas Account Relationship Matchups

Indraprastha Gas fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets75.4B90.5B111.0B126.2B142.2B149.3B
Short Long Term Debt Total4.4B5.5B5.7B5.9B811.7M771.1M
Other Current Liab175.3M311.7M251.7M1.2B29.9B31.4B
Total Current Liabilities18.0B23.5B31.2B42.3B40.8B42.8B
Total Stockholder Equity53.6B63.3B75.9B79.3B96.3B101.2B
Property Plant And Equipment Net43.2B51.5B63.7B71.5B79.9B83.9B
Net Debt(5.7B)227.2M326.7M(228.4M)(1.4B)(1.3B)
Retained Earnings49.1B58.9B71.4B74.9B91.9B96.5B
Cash6.7B903.2M749.7M1.1B2.2B1.7B
Non Current Assets Total50.5B59.5B73.4B83.9B98.6B103.5B
Non Currrent Assets Other(49.6B)360.6M113.4M927.7M2.3B2.5B
Cash And Short Term Investments21.7B26.9B30.6B32.0B30.1B31.6B
Net Receivables2.8B3.6B6.5B9.0B11.3B11.9B
Liabilities And Stockholders Equity75.4B90.5B111.0B126.2B142.2B149.3B
Non Current Liabilities Total3.9B3.6B4.0B4.6B4.9B3.1B
Inventory511.1M455.5M455.2M491.7M522.3M422.6M
Other Current Assets9.6M16.9M24.1M781.7M1.7B1.8B
Other Stockholder Equity(53.6B)900K(13.4M)3.0B3.0B3.2B
Total Liab21.9B27.2B35.2B46.9B45.7B48.0B
Total Current Assets25.0B31.0B37.6B42.3B43.6B45.8B
Accounts Payable2.2B4.2B7.9B9.0B9.8B10.3B
Accumulated Other Comprehensive Income(8.1B)3.0B3.0B3.0B3.0B3.2B
Intangible Assets181.7M170.7M121.3M130M129.5M105.0M
Short Term Investments15.0B26.0B29.9B30.9B8.8B11.4B
Current Deferred Revenue15.3B18.7B22.8B31.9B611.6M581.0M
Short Term Debt200.1M331M295M235M247.1M234.7M
Other Liab3.4B3.1B2.8B3.2B3.6B2.7B
Net Tangible Assets42.9B53.4B63.2B75.7B87.1B44.7B
Other Assets828.6M659.2M511.7M73.9M85.0M80.7M
Long Term Debt4.1B5.1B5.4B5.5B6.3B3.6B
Property Plant Equipment43.2B51.5B63.7B28.3B32.6B37.2B
Long Term Debt Total4.2B5.2B5.4B5.7B6.5B3.9B
Net Invested Capital53.6B63.3B75.9B79.3B96.3B70.4B
Non Current Liabilities Other8.7M119.6M112.7M106.9M98.7M73.0M
Net Working Capital7.0B7.4B6.4B(36.8M)2.8B4.2B

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Other Information on Investing in Indraprastha Stock

Balance Sheet is a snapshot of the financial position of Indraprastha Gas at a specified time, usually calculated after every quarter, six months, or one year. Indraprastha Gas Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Indraprastha Gas 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 Indraprastha currently owns. An asset can also be divided into two categories, current and non-current.