Illumin Net Debt vs Good Will Analysis

ILLM Stock

1.85 0.02 1.09%

Illumin Holdings financial indicator trend analysis is infinitely more than just investigating illumin Holdings recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether illumin Holdings is a good investment. Please check the relationship between Illumin Holdings Net 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 illumin Holdings. 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.

Net Debt vs Good Will

Net Debt vs Good Will Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of illumin Holdings Net Debt account and Good Will. At this time, the significance of the direction appears to have no relationship.

The correlation between Illumin Holdings' Net Debt and Good Will is 0.01. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Good Will in the same time period over historical financial statements of illumin Holdings, assuming nothing else is changed. The correlation between historical values of Illumin Holdings' Net 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 Net Debt of illumin Holdings 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 Net Debt i.e., Illumin Holdings' Net Debt and Good Will go up and down completely randomly.

Correlation Coefficient

0.01

Relationship Direction	Positive
Relationship Strength	Insignificant

View All Relationships

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.

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 Illumin Holdings' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into illumin Holdings 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 illumin Holdings. 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.

As of the 29th of November 2024, Sales General And Administrative To Revenue is likely to grow to 0.26, while Selling General Administrative is likely to drop about 10.6 M.

	2021	2022	2023	2024 (projected)
Total Revenue	122.0M	121.0M	126.3M	87.6M
Interest Expense	1.1M	544.3K	1.2M	1.5M

Total Revenue Interest Expense

Illumin Holdings fundamental ratios Correlations

	Total Assets	Total Current Liabilities	Total Stockholder Equity	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Cash And Short Term Investments	Net Receivables	Total Liab	Total Current Assets	Common Stock	Accounts Payable	Common Stock Shares Outstanding	Other Stockholder Equity	Short Long Term Debt Total	Other Current Liab	Property Plant And Equipment Net	Other Assets	Non Current Liabilities Total	Other Current Assets	Short Term Debt	Current Deferred Revenue	Inventory	Non Currrent Assets Other	Good Will
Total Assets		0.74	0.9	-0.77	-0.72	0.89	0.75	0.89	0.87	0.74	0.99	0.92	0.89	0.93	0.83	0.41	-0.1	0.84	0.54	0.46	0.79	0.3	-0.83	0.8	0.6	0.49
Total Current Liabilities	0.74		0.46	-0.18	-0.91	0.43	0.93	0.43	0.95	1.0	0.65	0.58	0.91	0.85	0.9	0.89	0.33	0.74	0.23	0.59	0.5	0.83	-0.93	0.81	0.28	0.78
Total Stockholder Equity	0.9	0.46		-0.94	-0.54	0.99	0.53	0.99	0.64	0.46	0.92	0.98	0.71	0.76	0.63	0.14	-0.35	0.72	0.54	0.3	0.9	-0.06	-0.66	0.72	0.5	0.23
Net Debt	-0.77	-0.18	-0.94		0.24	-0.97	-0.24	-0.97	-0.39	-0.19	-0.84	-0.86	-0.47	-0.57	-0.39	0.17	0.52	-0.51	-0.57	-0.11	-0.76	0.31	0.4	-0.45	-0.54	0.01
Retained Earnings	-0.72	-0.91	-0.54	0.24		-0.47	-0.91	-0.47	-0.93	-0.93	-0.64	-0.69	-0.93	-0.89	-0.89	-0.81	-0.32	-0.86	-0.1	-0.67	-0.69	-0.62	0.92	-0.9	-0.21	-0.65
Cash	0.89	0.43	0.99	-0.97	-0.47		0.45	1.0	0.6	0.43	0.93	0.95	0.67	0.74	0.6	0.09	-0.39	0.66	0.58	0.26	0.83	-0.07	-0.61	0.63	0.58	0.19
Non Current Assets Total	0.75	0.93	0.53	-0.24	-0.91	0.45		0.45	0.93	0.93	0.66	0.65	0.9	0.84	0.86	0.8	0.31	0.8	0.23	0.54	0.59	0.71	-0.89	0.91	0.2	0.81
Cash And Short Term Investments	0.89	0.43	0.99	-0.97	-0.47	1.0	0.45		0.6	0.43	0.93	0.95	0.67	0.74	0.6	0.09	-0.39	0.66	0.58	0.26	0.83	-0.07	-0.61	0.63	0.58	0.19
Net Receivables	0.87	0.95	0.64	-0.39	-0.93	0.6	0.93	0.6		0.96	0.81	0.75	0.98	0.94	0.93	0.77	0.23	0.9	0.32	0.68	0.68	0.63	-0.97	0.88	0.4	0.69
Total Liab	0.74	1.0	0.46	-0.19	-0.93	0.43	0.93	0.43	0.96		0.66	0.59	0.93	0.87	0.91	0.89	0.33	0.76	0.21	0.65	0.51	0.8	-0.94	0.81	0.31	0.77
Total Current Assets	0.99	0.65	0.92	-0.84	-0.64	0.93	0.66	0.93	0.81	0.66		0.92	0.84	0.89	0.78	0.31	-0.18	0.8	0.57	0.42	0.79	0.2	-0.77	0.74	0.64	0.4
Common Stock	0.92	0.58	0.98	-0.86	-0.69	0.95	0.65	0.95	0.75	0.59	0.92		0.81	0.85	0.72	0.29	-0.24	0.82	0.49	0.41	0.94	0.07	-0.76	0.82	0.45	0.33
Accounts Payable	0.89	0.91	0.71	-0.47	-0.93	0.67	0.9	0.67	0.98	0.93	0.84	0.81		0.95	0.91	0.71	0.14	0.9	0.35	0.66	0.74	0.55	-0.96	0.88	0.41	0.64
Common Stock Shares Outstanding	0.93	0.85	0.76	-0.57	-0.89	0.74	0.84	0.74	0.94	0.87	0.89	0.85	0.95		0.9	0.59	0.14	0.89	0.39	0.53	0.76	0.46	-0.88	0.85	0.51	0.56
Other Stockholder Equity	0.83	0.9	0.63	-0.39	-0.89	0.6	0.86	0.6	0.93	0.91	0.78	0.72	0.91	0.9		0.77	0.27	0.8	0.13	0.63	0.64	0.63	-0.93	0.86	0.43	0.67
Short Long Term Debt Total	0.41	0.89	0.14	0.17	-0.81	0.09	0.8	0.09	0.77	0.89	0.31	0.29	0.71	0.59	0.77		0.51	0.52	-0.02	0.6	0.25	0.9	-0.81	0.68	0.1	0.76
Other Current Liab	-0.1	0.33	-0.35	0.52	-0.32	-0.39	0.31	-0.39	0.23	0.33	-0.18	-0.24	0.14	0.14	0.27	0.51		0.16	-0.27	0.12	-0.13	0.57	-0.15	0.16	0.07	0.14
Property Plant And Equipment Net	0.84	0.74	0.72	-0.51	-0.86	0.66	0.8	0.66	0.9	0.76	0.8	0.82	0.9	0.89	0.8	0.52	0.16		0.33	0.67	0.84	0.3	-0.85	0.85	0.41	0.41
Other Assets	0.54	0.23	0.54	-0.57	-0.1	0.58	0.23	0.58	0.32	0.21	0.57	0.49	0.35	0.39	0.13	-0.02	-0.27	0.33		-0.04	0.33	0.03	-0.29	0.25	0.59	0.1
Non Current Liabilities Total	0.46	0.59	0.3	-0.11	-0.67	0.26	0.54	0.26	0.68	0.65	0.42	0.41	0.66	0.53	0.63	0.6	0.12	0.67	-0.04		0.38	0.32	-0.75	0.55	0.33	0.48
Other Current Assets	0.79	0.5	0.9	-0.76	-0.69	0.83	0.59	0.83	0.68	0.51	0.79	0.94	0.74	0.76	0.64	0.25	-0.13	0.84	0.33	0.38		-0.01	-0.69	0.77	0.25	0.13
Short Term Debt	0.3	0.83	-0.06	0.31	-0.62	-0.07	0.71	-0.07	0.63	0.8	0.2	0.07	0.55	0.46	0.63	0.9	0.57	0.3	0.03	0.32	-0.01		-0.61	0.47	0.05	0.76
Current Deferred Revenue	-0.83	-0.93	-0.66	0.4	0.92	-0.61	-0.89	-0.61	-0.97	-0.94	-0.77	-0.76	-0.96	-0.88	-0.93	-0.81	-0.15	-0.85	-0.29	-0.75	-0.69	-0.61		-0.89	-0.4	-0.69
Inventory	0.8	0.81	0.72	-0.45	-0.9	0.63	0.91	0.63	0.88	0.81	0.74	0.82	0.88	0.85	0.86	0.68	0.16	0.85	0.25	0.55	0.77	0.47	-0.89		0.29	0.69
Non Currrent Assets Other	0.6	0.28	0.5	-0.54	-0.21	0.58	0.2	0.58	0.4	0.31	0.64	0.45	0.41	0.51	0.43	0.1	0.07	0.41	0.59	0.33	0.25	0.05	-0.4	0.29		0.15
Good Will	0.49	0.78	0.23	0.01	-0.65	0.19	0.81	0.19	0.69	0.77	0.4	0.33	0.64	0.56	0.67	0.76	0.14	0.41	0.1	0.48	0.13	0.76	-0.69	0.69	0.15

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Illumin Holdings Account Relationship Matchups

Illumin Holdings fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	69.4M	72.4M	149.8M	141.6M	116.9M	60.1M
Total Current Liabilities	46.7M	29.7M	30.8M	33.5M	29.1M	24.0M
Total Stockholder Equity	15.6M	32.1M	113.1M	103.1M	80.7M	84.7M
Net Debt	20.0M	(5.5M)	(91.2M)	(75.1M)	(47.5M)	(45.1M)
Retained Earnings	(36.3M)	(32.6M)	(22.0M)	(21.8M)	(32.3M)	(30.7M)
Cash	7.4M	22.6M	102.2M	85.9M	55.5M	58.2M
Non Current Assets Total	21.0M	16.0M	13.4M	17.9M	21.9M	14.4M
Cash And Short Term Investments	7.4M	22.6M	102.2M	85.9M	55.5M	58.2M
Net Receivables	38.5M	31.9M	31.0M	33.8M	35.4M	20.9M
Liabilities And Stockholders Equity	69.4M	72.4M	149.8M	141.6M	116.9M	60.1M
Total Liab	53.8M	40.4M	36.8M	38.5M	36.2M	28.9M
Total Current Assets	48.4M	56.4M	136.5M	123.7M	95.0M	47.9M
Common Stock	42.2M	57.0M	124.0M	119.9M	108.8M	114.2M
Accounts Payable	26.3M	23.2M	24.9M	26.5M	26.5M	20.2M
Common Stock Shares Outstanding	45.3M	49.7M	59.0M	56.8M	54.7M	37.0M
Other Stockholder Equity	9.3M	7.3M	10.6M	5.0M	6.6M	5.2M
Short Long Term Debt Total	27.4M	17.2M	11.0M	10.9M	8.0M	15.1M
Other Current Liab	26.3M	23.2M	910.2K	42.6K	717K	681.2K
Property Plant And Equipment Net	7.0M	7.9M	5.4M	7.1M	9.3M	5.1M
Non Current Liabilities Total	7.1M	10.7M	6.0M	5.0M	7.1M	6.4M
Other Current Assets	2.5M	1.9M	3.3M	3.2M	4.1M	4.3M
Short Term Debt	20.3M	6.4M	5.0M	6.9M	1.9M	1.8M
Accumulated Other Comprehensive Income	415.9K	415.0K	446.2K	(454.7K)	(2.3M)	(2.2M)
Good Will	5.8M	8.3M	4.9M	4.9M	4.9M	4.2M
Intangible Assets	7.7M	3.2M	3.0M	5.2M	7.6M	5.2M

Pair Trading with Illumin Holdings

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Illumin Holdings position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Illumin Holdings will appreciate offsetting losses from the drop in the long position's value.

Moving together with Illumin Stock

0.84	PIC-A	Premium Income Split	Pair Corr
0.64	FFH	Fairfax Financial	Pair Corr

The ability to find closely correlated positions to Illumin Holdings could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Illumin Holdings when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Illumin Holdings - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling illumin Holdings to buy it.

The correlation of Illumin Holdings is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Illumin Holdings moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if illumin Holdings moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Illumin Holdings can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

Other Information on Investing in Illumin Stock

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

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Illumin Net Debt vs Good Will Analysis

Net Debt vs Good Will

Net Debt vs Good Will Correlation Analysis

Correlation Coefficient

Net Debt

Good Will

Illumin Holdings fundamental ratios Correlations

Illumin Holdings Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Illumin Holdings fundamental ratios Accounts

Pair Trading with Illumin Holdings

Moving together with Illumin Stock

Other Information on Investing in Illumin Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Liab	+ 1.0	Total Current Liabilities
Cash And Short Term Investments	+ 1.0	Cash
Total Current Assets	+ 0.99	Total Assets
Cash	+ 0.99	Total Stockholder Equity
Cash And Short Term Investments	+ 0.99	Total Stockholder Equity
Common Stock	+ 0.98	Total Stockholder Equity

Current Deferred Revenue	- 0.97	Net Receivables
Cash And Short Term Investments	- 0.97	Net Debt
Cash	- 0.97	Net Debt
Current Deferred Revenue	- 0.96	Accounts Payable
Current Deferred Revenue	- 0.94	Total Liab
Net Debt	- 0.94	Total Stockholder Equity