INC Long Term Debt vs Net Debt Analysis

INCR Stock

USD 1.34 0.01 0.75%

INC Research financial indicator trend analysis is infinitely more than just investigating INC Research Holdings recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether INC Research Holdings is a good investment. Please check the relationship between INC Research Long Term Debt and its Net Debt accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in INC Research 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 main economic indicators.

Long Term Debt vs Net Debt

Long Term Debt vs Net Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of INC Research Holdings Long Term Debt account and Net Debt. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between INC Research's Long Term Debt and Net Debt is 0.51. Overlapping area represents the amount of variation of Long Term Debt that can explain the historical movement of Net Debt in the same time period over historical financial statements of INC Research Holdings, assuming nothing else is changed. The correlation between historical values of INC Research's Long Term Debt and Net Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Long Term Debt of INC Research Holdings are associated (or correlated) with its Net Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Debt has no effect on the direction of Long Term Debt i.e., INC Research's Long Term Debt and Net Debt go up and down completely randomly.

Correlation Coefficient

0.51

Relationship Direction	Positive
Relationship Strength	Weak

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Long Term Debt

Long-term debt is a debt that INC Research Holdings has held for over one year. Long-term debt appears on INC Research Holdings balance sheet and also includes long-term leases. The most common forms of long term debt are bonds payable, long-term notes payable, mortgage payable, pension liabilities, and lease liabilities. In the corporate world, long-term debt is generally used to fund big-ticket items, such as machinery, buildings, and land. The total of long-term debt reported on INC Research Holdings balance sheet is the sum of the balances of all categories of long-term debt. Debt that is not due within the current year and is often considered to be financing activities that are to be repaid over several years.

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.

Most indicators from INC Research's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into INC Research 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 INC Research 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 main economic indicators.

At this time, INC Research's Selling General Administrative is relatively stable compared to the past year. As of 11/22/2024, Tax Provision is likely to grow to about 2.4 M, while Issuance Of Capital Stock is likely to drop 0.00.

INC Research fundamental ratios Correlations

	Common Stock Shares Outstanding	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Common Stock	Short Term Investments	Intangible Assets
Common Stock Shares Outstanding		0.94	0.81	0.88	0.85	0.96	0.94	0.66	0.15	-0.66	0.86	0.79	0.94	0.48	0.78	0.9	0.82	0.88	0.84	-0.6	0.85	0.9	0.78	0.9	-0.66	-0.61
Total Assets	0.94		0.93	0.96	0.95	0.98	0.99	0.69	0.26	-0.64	0.97	0.86	0.98	0.65	0.86	0.95	0.93	0.98	0.91	-0.4	0.96	0.98	0.9	0.89	-0.47	-0.46
Short Long Term Debt Total	0.81	0.93		0.94	0.99	0.84	0.9	0.73	0.5	-0.57	0.97	0.79	0.85	0.69	0.79	0.91	0.98	0.98	0.95	-0.23	1.0	0.97	0.98	0.7	-0.27	-0.29
Other Current Liab	0.88	0.96	0.94		0.97	0.9	0.95	0.73	0.32	-0.72	0.94	0.83	0.9	0.75	0.83	0.96	0.91	0.96	0.93	-0.27	0.96	0.97	0.94	0.79	-0.31	-0.32
Total Current Liabilities	0.85	0.95	0.99	0.97		0.87	0.93	0.67	0.37	-0.59	0.98	0.86	0.88	0.72	0.86	0.91	0.95	0.98	0.92	-0.24	1.0	0.98	0.99	0.76	-0.28	-0.28
Total Stockholder Equity	0.96	0.98	0.84	0.9	0.87		0.99	0.65	0.15	-0.65	0.9	0.83	0.99	0.58	0.82	0.92	0.85	0.92	0.85	-0.48	0.88	0.93	0.8	0.94	-0.55	-0.53
Property Plant And Equipment Net	0.94	0.99	0.9	0.95	0.93	0.99		0.71	0.24	-0.71	0.94	0.83	0.98	0.68	0.82	0.96	0.9	0.96	0.9	-0.4	0.93	0.96	0.86	0.9	-0.46	-0.46
Current Deferred Revenue	0.66	0.69	0.73	0.73	0.67	0.65	0.71		0.75	-0.71	0.63	0.27	0.62	0.52	0.27	0.87	0.79	0.75	0.9	-0.24	0.71	0.72	0.64	0.47	-0.29	-0.38
Net Debt	0.15	0.26	0.5	0.32	0.37	0.15	0.24	0.75		-0.37	0.31	-0.13	0.17	0.35	-0.13	0.45	0.55	0.4	0.58	0.1	0.43	0.34	0.43	-0.06	0.12	0.02
Retained Earnings	-0.66	-0.64	-0.57	-0.72	-0.59	-0.65	-0.71	-0.71	-0.37		-0.52	-0.34	-0.66	-0.67	-0.33	-0.76	-0.54	-0.6	-0.66	0.27	-0.58	-0.6	-0.57	-0.51	0.2	0.2
Accounts Payable	0.86	0.97	0.97	0.94	0.98	0.9	0.94	0.63	0.31	-0.52		0.89	0.91	0.67	0.88	0.9	0.96	0.99	0.91	-0.31	0.99	0.99	0.95	0.81	-0.37	-0.37
Cash	0.79	0.86	0.79	0.83	0.86	0.83	0.83	0.27	-0.13	-0.34	0.89		0.83	0.55	1.0	0.69	0.73	0.82	0.65	-0.31	0.83	0.85	0.82	0.85	-0.37	-0.32
Non Current Assets Total	0.94	0.98	0.85	0.9	0.88	0.99	0.98	0.62	0.17	-0.66	0.91	0.83		0.6	0.83	0.9	0.85	0.92	0.84	-0.47	0.88	0.93	0.82	0.93	-0.52	-0.49
Non Currrent Assets Other	0.48	0.65	0.69	0.75	0.72	0.58	0.68	0.52	0.35	-0.67	0.67	0.55	0.6		0.55	0.67	0.63	0.68	0.65	0.22	0.7	0.67	0.73	0.45	0.28	0.29
Cash And Short Term Investments	0.78	0.86	0.79	0.83	0.86	0.82	0.82	0.27	-0.13	-0.33	0.88	1.0	0.83	0.55		0.69	0.73	0.82	0.65	-0.3	0.83	0.85	0.82	0.85	-0.35	-0.31
Net Receivables	0.9	0.95	0.91	0.96	0.91	0.92	0.96	0.87	0.45	-0.76	0.9	0.69	0.9	0.67	0.69		0.92	0.95	0.98	-0.35	0.92	0.95	0.86	0.79	-0.41	-0.45
Non Current Liabilities Total	0.82	0.93	0.98	0.91	0.95	0.85	0.9	0.79	0.55	-0.54	0.96	0.73	0.85	0.63	0.73	0.92		0.98	0.97	-0.29	0.98	0.96	0.92	0.71	-0.36	-0.39
Inventory	0.88	0.98	0.98	0.96	0.98	0.92	0.96	0.75	0.4	-0.6	0.99	0.82	0.92	0.68	0.82	0.95	0.98		0.96	-0.33	0.99	1.0	0.94	0.8	-0.39	-0.41
Other Current Assets	0.84	0.91	0.95	0.93	0.92	0.85	0.9	0.9	0.58	-0.66	0.91	0.65	0.84	0.65	0.65	0.98	0.97	0.96		-0.3	0.94	0.95	0.89	0.7	-0.36	-0.42
Other Stockholder Equity	-0.6	-0.4	-0.23	-0.27	-0.24	-0.48	-0.4	-0.24	0.1	0.27	-0.31	-0.31	-0.47	0.22	-0.3	-0.35	-0.29	-0.33	-0.3		-0.26	-0.33	-0.16	-0.53	0.9	0.81
Total Liab	0.85	0.96	1.0	0.96	1.0	0.88	0.93	0.71	0.43	-0.58	0.99	0.83	0.88	0.7	0.83	0.92	0.98	0.99	0.94	-0.26		0.99	0.98	0.75	-0.31	-0.32
Total Current Assets	0.9	0.98	0.97	0.97	0.98	0.93	0.96	0.72	0.34	-0.6	0.99	0.85	0.93	0.67	0.85	0.95	0.96	1.0	0.95	-0.33	0.99		0.94	0.83	-0.4	-0.41
Short Term Debt	0.78	0.9	0.98	0.94	0.99	0.8	0.86	0.64	0.43	-0.57	0.95	0.82	0.82	0.73	0.82	0.86	0.92	0.94	0.89	-0.16	0.98	0.94		0.67	-0.17	-0.17
Common Stock	0.9	0.89	0.7	0.79	0.76	0.94	0.9	0.47	-0.06	-0.51	0.81	0.85	0.93	0.45	0.85	0.79	0.71	0.8	0.7	-0.53	0.75	0.83	0.67		-0.61	-0.59
Short Term Investments	-0.66	-0.47	-0.27	-0.31	-0.28	-0.55	-0.46	-0.29	0.12	0.2	-0.37	-0.37	-0.52	0.28	-0.35	-0.41	-0.36	-0.39	-0.36	0.9	-0.31	-0.4	-0.17	-0.61		0.97
Intangible Assets	-0.61	-0.46	-0.29	-0.32	-0.28	-0.53	-0.46	-0.38	0.02	0.2	-0.37	-0.32	-0.49	0.29	-0.31	-0.45	-0.39	-0.41	-0.42	0.81	-0.32	-0.41	-0.17	-0.59	0.97

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INC Research Account Relationship Matchups

INC Research fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Common Stock Shares Outstanding	23.3M	25.4M	46.9M	45.4M	45.6M	47.9M
Total Assets	282.2M	326.3M	686.3M	958.0M	786.6M	825.9M
Short Long Term Debt Total	17.1M	6.7M	108.9M	255.2M	195.7M	205.5M
Other Current Liab	3.9M	13.4M	53.5M	54.3M	54.6M	57.3M
Total Current Liabilities	22.6M	29.9M	193.6M	312.7M	225.9M	237.2M
Total Stockholder Equity	256.0M	274.5M	448.0M	501.3M	455.1M	477.9M
Property Plant And Equipment Net	32.2M	53.5M	86.5M	103.1M	97.5M	102.3M
Net Debt	(10.3M)	(31.2M)	(87.3M)	22.6M	94.5M	99.3M
Retained Earnings	(151.0M)	(191.2M)	(186.5M)	(141.6M)	(204.0M)	(214.2M)
Accounts Payable	4.9M	18.6M	64.5M	126.1M	78.4M	82.4M
Cash	27.3M	37.9M	196.2M	232.6M	101.1M	51.8M
Non Current Assets Total	240.0M	249.6M	350.2M	450.5M	367.8M	386.2M
Cash And Short Term Investments	27.5M	38.3M	196.5M	232.8M	101.3M	53.2M
Net Receivables	8.9M	15.4M	37.5M	40.8M	61.1M	64.2M
Liabilities And Stockholders Equity	282.2M	326.3M	686.3M	958.0M	786.6M	825.9M
Non Current Liabilities Total	3.4M	4.3M	33.5M	123.8M	103.7M	108.9M
Inventory	5.8M	22.2M	67.9M	126.5M	105.5M	110.7M
Other Current Assets	1.1M	6.9M	58.7M	113.8M	150.9M	158.4M
Other Stockholder Equity	1.2M	1.0	8.5M	8.5M	7.7M	7.3M
Total Liab	26.0M	34.2M	227.1M	436.5M	329.6M	346.0M
Total Current Assets	42.2M	76.7M	336.2M	507.5M	418.8M	439.7M
Short Term Debt	13.8M	1.7M	75.6M	132.4M	92.8M	97.5M
Common Stock	403.4M	452.3M	623.6M	632.0M	643.2M	351.2M
Short Term Investments	177K	376K	330K	205K	187K	177.7K
Net Tangible Assets	19.7M	88.0M	84.4M	190.0M	218.5M	229.4M
Net Invested Capital	270.3M	277.7M	532.3M	729.0M	625.5M	391.4M
Short Long Term Debt	13.8M	2.6M	72.3M	128.0M	88.2M	50.4M
Net Working Capital	19.6M	46.8M	142.6M	194.8M	192.9M	202.6M
Property Plant Equipment	86K	32.2M	53.5M	86.5M	99.5M	104.5M
Long Term Investments	39.9M	3.1M	2.6M	42.6M	1.9M	1.8M
Capital Stock	403.4M	452.3M	623.6M	632.0M	643.2M	534.7M

Pair Trading with INC Research

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 INC Research 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 INC Research will appreciate offsetting losses from the drop in the long position's value.

Moving together with INC Stock

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0.89	VALN	Valneva SE ADR Downward Rally	Pair Corr
0.82	JNJ	Johnson Johnson Fiscal Year End 28th of January 2025	Pair Corr

Moving against INC Stock

0.54	MDGL	Madrigal Pharmaceuticals	Pair Corr
0.48	KZR	Kezar Life Sciences	Pair Corr
0.43	RNXT	RenovoRx	Pair Corr
0.33	NXGLW	NexGel Warrant	Pair Corr
0.32	MLYS	Mineralys Therapeutics, Downward Rally	Pair Corr

The ability to find closely correlated positions to INC Research could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace INC Research 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 INC Research - 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 INC Research Holdings to buy it.

The correlation of INC Research 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 INC Research moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if INC Research 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 INC Research 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

Additional Tools for INC Stock Analysis

When running INC Research's price analysis, check to measure INC Research's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy INC Research is operating at the current time. Most of INC Research's value examination focuses on studying past and present price action to predict the probability of INC Research's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move INC Research's price. Additionally, you may evaluate how the addition of INC Research to your portfolios can decrease your overall portfolio volatility.

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