First Total Assets vs Net Receivables Analysis

INBKZ Stock  USD 25.24  0.06  0.24%   
First Internet financial indicator trend analysis is much more than just examining First Internet Bancorp latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether First Internet Bancorp is a good investment. Please check the relationship between First Internet Total Assets and its Net Receivables accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in First Internet Bancorp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in industry.

Total Assets vs Net Receivables

Total Assets vs Net Receivables Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of First Internet Bancorp Total Assets account and Net Receivables. At this time, the significance of the direction appears to have weak relationship.
The correlation between First Internet's Total Assets and Net Receivables is 0.35. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Net Receivables in the same time period over historical financial statements of First Internet Bancorp, assuming nothing else is changed. The correlation between historical values of First Internet's Total Assets and Net Receivables 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 Assets of First Internet Bancorp are associated (or correlated) with its Net Receivables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Receivables has no effect on the direction of Total Assets i.e., First Internet's Total Assets and Net Receivables go up and down completely randomly.

Correlation Coefficient

0.35
Relationship DirectionPositive 
Relationship StrengthVery Weak

Total Assets

Total assets refers to the total amount of First Internet assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in First Internet Bancorp books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.

Net Receivables

Most indicators from First Internet's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into First Internet Bancorp 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 First Internet Bancorp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in industry.
Selling General Administrative is likely to rise to about 51.7 M in 2024. Tax Provision is likely to rise to about 3.3 M in 2024
 2021 2022 2023 2024 (projected)
Interest Expense47.3M59.8M164.5M172.8M
Depreciation And Amortization8.8M8.7M5.7M3.6M

First Internet fundamental ratios Correlations

0.990.630.990.690.940.890.920.27-0.510.790.940.350.860.790.181.00.540.930.860.39-0.550.830.860.920.97
0.990.580.990.760.930.860.880.29-0.470.770.920.390.890.740.210.990.570.910.880.35-0.490.840.840.930.95
0.630.580.540.190.70.780.61-0.37-0.480.710.49-0.310.220.880.270.64-0.020.840.20.28-0.930.260.720.410.64
0.990.990.540.690.940.840.920.35-0.510.750.960.420.90.720.180.990.580.880.90.41-0.450.860.850.940.96
0.690.760.190.690.580.480.380.260.030.590.560.410.770.330.230.680.60.570.75-0.14-0.070.690.470.740.6
0.940.930.70.940.580.880.890.04-0.60.870.860.090.730.730.190.940.280.920.70.49-0.620.670.980.830.95
0.890.860.780.840.480.880.850.01-0.680.770.790.080.670.760.190.890.230.90.620.42-0.640.60.820.760.88
0.920.880.610.920.380.890.850.31-0.720.620.940.330.790.760.110.920.430.840.770.65-0.510.750.830.860.93
0.270.29-0.370.350.260.040.010.310.08-0.260.520.960.580.06-0.070.270.790.00.64-0.030.380.72-0.10.430.27
-0.51-0.47-0.48-0.510.03-0.6-0.68-0.720.08-0.33-0.490.1-0.4-0.390.05-0.510.11-0.54-0.3-0.840.35-0.22-0.59-0.5-0.55
0.790.770.710.750.590.870.770.62-0.26-0.330.6-0.160.510.640.30.790.130.840.50.25-0.670.430.880.610.77
0.940.920.490.960.560.860.790.940.52-0.490.60.540.880.740.070.940.650.820.90.4-0.420.920.750.90.94
0.350.39-0.310.420.410.090.080.330.960.1-0.160.540.670.130.00.350.880.090.71-0.040.330.74-0.080.50.31
0.860.890.220.90.770.730.670.790.58-0.40.510.880.670.480.150.860.740.660.970.34-0.070.90.60.960.82
0.790.740.880.720.330.730.760.760.06-0.390.640.740.130.480.160.790.420.890.520.27-0.840.580.690.60.76
0.180.210.270.180.230.190.190.11-0.070.050.30.070.00.150.160.170.080.180.050.01-0.150.130.250.140.19
1.00.990.640.990.680.940.890.920.27-0.510.790.940.350.860.790.170.540.930.860.39-0.550.830.860.920.97
0.540.57-0.020.580.60.280.230.430.790.110.130.650.880.740.420.080.540.380.81-0.070.040.80.120.620.43
0.930.910.840.880.570.920.90.840.0-0.540.840.820.090.660.890.180.930.380.670.36-0.760.650.860.780.89
0.860.880.20.90.750.70.620.770.64-0.30.50.90.710.970.520.050.860.810.670.25-0.10.930.560.930.8
0.390.350.280.41-0.140.490.420.65-0.03-0.840.250.4-0.040.340.270.010.39-0.070.360.25-0.20.10.520.390.43
-0.55-0.49-0.93-0.45-0.07-0.62-0.64-0.510.380.35-0.67-0.420.33-0.07-0.84-0.15-0.550.04-0.76-0.1-0.2-0.17-0.65-0.22-0.55
0.830.840.260.860.690.670.60.750.72-0.220.430.920.740.90.580.130.830.80.650.930.1-0.170.540.880.82
0.860.840.720.850.470.980.820.83-0.1-0.590.880.75-0.080.60.690.250.860.120.860.560.52-0.650.540.730.89
0.920.930.410.940.740.830.760.860.43-0.50.610.90.50.960.60.140.920.620.780.930.39-0.220.880.730.89
0.970.950.640.960.60.950.880.930.27-0.550.770.940.310.820.760.190.970.430.890.80.43-0.550.820.890.89
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First Internet Account Relationship Matchups

First Internet fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets4.1B4.2B4.2B4.5B5.2B5.4B
Short Long Term Debt Total584.4M594.5M619.2M719.5M719.8M755.8M
Total Current Liabilities3.8M1.4M2.0M2.9M18.0M18.9M
Total Stockholder Equity304.9M330.9M380.3M365.0M362.8M380.9M
Net Debt257.1M174.7M176.2M462.9M313.9M167.0M
Retained Earnings99.7M126.7M172.4M205.7M207.5M217.8M
Accounts Payable3.8M1.4M2.0M2.9M3.8M4.0M
Cash327.4M419.8M443.0M256.6M405.9M426.2M
Non Current Assets Total622.0M608.1M727.1M77.4M78.2M74.2M
Non Currrent Assets Other(622.0M)(608.1M)(727.1M)(579.6M)(702.0M)(666.9M)
Cash And Short Term Investments868.2M917.4M1.0B646.9M880.8M924.8M
Net Receivables1.1B1.0B928.7M21.1M26.7M25.4M
Common Stock Shares Outstanding10.0M9.8M10.0M9.6M8.9M6.1M
Liabilities And Stockholders Equity4.1B4.2B4.2B4.5B5.2B5.4B
Non Current Liabilities Total584.4M594.5M619.2M2.9M1.4B1.5B
Other Stockholder Equity(16.5M)(14.2M)(17.2M)(1.0)(0.9)(0.94)
Total Liab3.8B3.9B3.8B4.2B4.8B5.0B
Total Current Assets1.9B1.9B2.0B428.9M1.3B1.0B
Accumulated Other Comprehensive Income(14.2M)(17.2M)(11.0M)(33.6M)(29.4M)(27.9M)
Short Term Debt110.9M110.4M110M145M255.0M267.8M
Common Stock219.4M221.4M218.9M192.9M184.7M139.2M
Other Current Liab(3.8M)48.4M30.5M14.5M14.2M14.9M
Short Term Investments540.9M497.6M603.0M390.4M474.9M402.5M
Property Plant And Equipment Net14.6M37.6M59.8M72.7M73.5M77.1M
Net Tangible Assets219.4M284.0M300.2M326.3M375.2M214.1M
Long Term Debt36.7M33.9M69.5M79.6M91.5M96.1M
Common Stock Total Equity172.0M227.6M219.4M221.4M254.6M161.7M
Retained Earnings Total Equity57.1M77.7M99.7M126.7M145.7M153.0M
Long Term Debt Total36.7M33.9M69.5M79.6M91.5M96.1M
Other Current Assets348.0M437.2M460.2M(1.2B)433.0M321.0M
Long Term Investments2.2B3.2B3.6B3.6B4.2B4.4B
Non Current Liabilities Other410.2M525.2M514.9M514.9M592.2M341.7M
Property Plant Equipment10.1M10.7M14.6M37.6M43.2M45.4M
Current Deferred Revenue(107.1M)(109.0M)(108.0M)(142.1M)(3.8M)(4.0M)

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