Indraprastha Total Stockholder Equity vs Short Term Investments 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 Total Stockholder Equity and its Short Term Investments 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.

Total Stockholder Equity vs Short Term Investments

Total Stockholder Equity vs Short Term Investments Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Indraprastha Gas Total Stockholder Equity account and Short Term Investments. At this time, the significance of the direction appears to have strong relationship.
The correlation between Indraprastha Gas' Total Stockholder Equity and Short Term Investments is 0.67. Overlapping area represents the amount of variation of Total Stockholder Equity that can explain the historical movement of Short Term Investments 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' Total Stockholder Equity and Short Term Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Stockholder Equity of Indraprastha Gas Limited are associated (or correlated) with its Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Term Investments has no effect on the direction of Total Stockholder Equity i.e., Indraprastha Gas' Total Stockholder Equity and Short Term Investments go up and down completely randomly.

Correlation Coefficient

0.67
Relationship DirectionPositive 
Relationship StrengthSignificant

Total Stockholder Equity

The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.

Short Term Investments

Short Term Investments is an item under the current assets section of Indraprastha Gas balance sheet. It contains any investments Indraprastha Gas Limited undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that Indraprastha Gas can easily liquidate in the marketplace.
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.