Old Long Term Debt Total vs Long Term Investments Analysis

ONB Stock  USD 23.14  0.20  0.87%   
Old National financial indicator trend analysis is much more than just breaking down Old National Bancorp prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Old National Bancorp is a good investment. Please check the relationship between Old National Long Term Debt Total and its Long Term Investments accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Old National 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 board of governors.

Long Term Debt Total vs Long Term Investments

Long Term Debt Total vs Long Term Investments Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Old National Bancorp Long Term Debt Total account and Long Term Investments. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Old National's Long Term Debt Total and Long Term Investments is -0.18. Overlapping area represents the amount of variation of Long Term Debt Total that can explain the historical movement of Long Term Investments in the same time period over historical financial statements of Old National Bancorp, assuming nothing else is changed. The correlation between historical values of Old National's Long Term Debt Total and Long 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 Long Term Debt Total of Old National Bancorp are associated (or correlated) with its Long Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Long Term Investments has no effect on the direction of Long Term Debt Total i.e., Old National's Long Term Debt Total and Long Term Investments go up and down completely randomly.

Correlation Coefficient

-0.18
Relationship DirectionNegative 
Relationship StrengthInsignificant

Long Term Debt Total

Long Term Investments

Long Term Investments is an item on the asset side of Old National balance sheet that represents investments Old National Bancorp intends to hold for over a year. Old National Bancorp long term investments may include different instruments such as stocks, bonds, real estate and cash.
Most indicators from Old National's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Old National 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in Old National 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 board of governors.
At present, Old National's Selling General Administrative is projected to increase significantly based on the last few years of reporting. The current year's Tax Provision is expected to grow to about 204.1 M, whereas Issuance Of Capital Stock is forecasted to decline to about 748.4 K.
 2021 2022 2023 2024 (projected)
Operating Income338.9M671.0M751.3M788.9M
Other Operating Expenses471.8M71.3M1.0B1.1B

Old National fundamental ratios Correlations

0.990.980.580.620.990.830.970.960.50.120.080.86-0.10.970.77-0.190.850.93-0.05-0.130.990.98-0.23-0.350.72
0.990.980.550.620.990.810.980.980.530.030.070.87-0.160.990.81-0.180.880.91-0.14-0.170.990.99-0.2-0.30.76
0.980.980.570.660.970.790.990.960.450.010.110.89-0.190.990.79-0.190.890.9-0.1-0.020.980.98-0.26-0.380.76
0.580.550.570.870.570.40.610.56-0.23-0.020.610.55-0.190.620.15-0.750.590.560.310.10.640.58-0.18-0.420.64
0.620.620.660.870.630.430.670.63-0.09-0.120.580.73-0.310.710.25-0.620.720.60.350.20.70.63-0.27-0.440.72
0.990.990.970.570.630.850.970.980.540.120.090.86-0.080.970.77-0.20.840.94-0.08-0.180.990.99-0.26-0.320.74
0.830.810.790.40.430.850.740.810.670.48-0.150.750.310.750.630.050.540.970.13-0.110.790.83-0.6-0.360.38
0.970.980.990.610.670.970.740.950.37-0.050.160.89-0.260.990.77-0.270.910.86-0.12-0.10.980.97-0.21-0.410.78
0.960.980.960.560.630.980.810.950.560.130.20.8-0.040.950.7-0.270.790.92-0.12-0.210.970.97-0.27-0.220.82
0.50.530.45-0.23-0.090.540.670.370.560.48-0.390.330.470.40.520.470.20.59-0.12-0.340.440.52-0.230.280.22
0.120.030.01-0.02-0.120.120.48-0.050.130.480.0-0.110.95-0.08-0.250.16-0.360.340.55-0.090.020.07-0.440.16-0.18
0.080.070.110.610.580.09-0.150.160.2-0.390.0-0.03-0.070.14-0.45-0.860.060.050.280.050.150.080.00.00.59
0.860.870.890.550.730.860.750.890.80.33-0.11-0.03-0.30.910.78-0.130.910.830.040.050.890.88-0.42-0.560.59
-0.1-0.16-0.19-0.19-0.31-0.080.31-0.26-0.040.470.95-0.07-0.3-0.28-0.370.24-0.550.150.45-0.13-0.19-0.11-0.410.29-0.31
0.970.990.990.620.710.970.750.990.950.4-0.080.140.91-0.280.8-0.250.930.87-0.13-0.090.990.98-0.2-0.380.79
0.770.810.790.150.250.770.630.770.70.52-0.25-0.450.78-0.370.80.240.820.65-0.45-0.160.770.79-0.03-0.280.41
-0.19-0.18-0.19-0.75-0.62-0.20.05-0.27-0.270.470.16-0.86-0.130.24-0.250.24-0.22-0.15-0.130.07-0.27-0.190.050.2-0.58
0.850.880.890.590.720.840.540.910.790.2-0.360.060.91-0.550.930.82-0.220.68-0.140.020.90.86-0.02-0.410.72
0.930.910.90.560.60.940.970.860.920.590.340.050.830.150.870.65-0.150.680.08-0.110.910.93-0.52-0.380.6
-0.05-0.14-0.10.310.35-0.080.13-0.12-0.12-0.120.550.280.040.45-0.13-0.45-0.13-0.140.080.35-0.07-0.1-0.37-0.13-0.16
-0.13-0.17-0.020.10.2-0.18-0.11-0.1-0.21-0.34-0.090.050.05-0.13-0.09-0.160.070.02-0.110.35-0.13-0.16-0.08-0.22-0.16
0.990.990.980.640.70.990.790.980.970.440.020.150.89-0.190.990.77-0.270.90.91-0.07-0.130.99-0.21-0.360.78
0.980.990.980.580.630.990.830.970.970.520.070.080.88-0.110.980.79-0.190.860.93-0.1-0.160.99-0.26-0.330.75
-0.23-0.2-0.26-0.18-0.27-0.26-0.6-0.21-0.27-0.23-0.440.0-0.42-0.41-0.2-0.030.05-0.02-0.52-0.37-0.08-0.21-0.260.50.02
-0.35-0.3-0.38-0.42-0.44-0.32-0.36-0.41-0.220.280.160.0-0.560.29-0.38-0.280.2-0.41-0.38-0.13-0.22-0.36-0.330.50.01
0.720.760.760.640.720.740.380.780.820.22-0.180.590.59-0.310.790.41-0.580.720.6-0.16-0.160.780.750.020.01
Click cells to compare fundamentals

Old National Account Relationship Matchups

Old National fundamental ratios Accounts

201920202021202220232024 (projected)
Common Stock Shares Outstanding172.7M166.2M165.9M276.7M291.9M306.4M
Total Assets20.4B23.0B24.5B46.8B49.1B51.5B
Short Long Term Debt Total2.2B2.3B2.3B4.8B5.3B5.6B
Other Current Liab17.3B86.6M76.2M212.0M26.6B27.9B
Total Current Liabilities99.5M86.6M76.2M212.0M26.8B28.2B
Total Stockholder Equity2.9B3.0B3.0B5.1B5.6B5.8B
Property Plant And Equipment Net586.4M540.6M545.7M747.0M565.4M593.7M
Net Debt1.9B1.7B1.4B4.1B4.9B5.1B
Retained Earnings682.2M783.9M968.0M1.2B1.6B1.7B
Cash276.3M589.7M822.0M728.4M430.9M308.8M
Non Current Assets Total7.3B7.8B9.2B2.9B2.7B3.3B
Non Currrent Assets Other(29.7M)(113.9M)(32.9M)(10.8B)5.4B5.7B
Other Assets7.4B8.5B7.0B43.0B39.3B41.2B
Cash And Short Term Investments5.7B6.6B8.2B1.0B430.9M409.3M
Net Receivables85.1M85.3M84.1M190.5M219.1M230.1M
Liabilities And Stockholders Equity20.4B23.0B24.5B46.8B49.1B51.5B
Non Current Liabilities Total2.2B2.3B2.3B41.4B16.7B17.5B
Other Stockholder Equity(682.2M)1.9B1.9B4.2B(1.8B)(1.8B)
Total Liab2.2B2.3B2.3B41.6B43.5B45.7B
Property Plant And Equipment Gross586.4M540.6M545.7M747.0M778.1M817.0M
Total Current Assets5.7B6.6B8.3B918.9M7.1B4.7B
Accumulated Other Comprehensive Income56.2M147.8M(2.4M)(786.4M)(738.8M)(701.9M)
Short Term Debt99.5M86.6M76.2M212.0M285.6M449.3M
Common Stock Total Equity169.6M165.4M165.8M292.9M336.8M353.7M
Common Stock2.8B2.8B3.0B5.9B6.3B6.6B
Other Liab2.7M14.7M67.5M97.5M87.8M95.9M
Accounts Payable161.6M187.4M18.6B835.7M752.1M714.5M
Long Term Debt243.7M252.8M2.2B743.0M5.0B5.3B
Short Term Investments5.4B6.0B7.4B6.8B6.7B7.0B
Inventory(363.6M)(676.3M)(908.2M)10.8M9.8M10.2M
Intangible Assets25.4M46.0M34.7M126.4M102.3M107.4M
Property Plant Equipment490.9M540.6M545.7M747.0M859.1M902.0M
Good Will1.1B1.1B1.0B2.0B2.3B2.4B
Other Current Assets363.6M676.3M908.2M(275.0M)1.2B1.1B
Net Tangible Assets1.8B1.9B1.9B2.8B3.2B3.3B
Retained Earnings Total Equity682.2M783.9M968.0M1.2B1.4B1.5B
Long Term Debt Total243.7M252.8M296.7M743.0M668.7M367.4M
Capital Surpluse1.9B1.9B1.9B4.2B4.8B5.0B
Long Term Investments17.5B6.0B7.6B11.9M9.8B9.9B

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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
When determining whether Old National Bancorp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Old National's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Old National Bancorp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Old National Bancorp Stock:
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Old National 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 board of governors.
You can also try the Stock Tickers module to use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites.
Is Regional Banks space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Old National. If investors know Old will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Old National listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.10)
Dividend Share
0.56
Earnings Share
1.65
Revenue Per Share
5.767
Quarterly Revenue Growth
0.046
The market value of Old National Bancorp is measured differently than its book value, which is the value of Old that is recorded on the company's balance sheet. Investors also form their own opinion of Old National's value that differs from its market value or its book value, called intrinsic value, which is Old National's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Old National's market value can be influenced by many factors that don't directly affect Old National's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Old National's value and its price as these two are different measures arrived at by different means. Investors typically determine if Old National is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Old National's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.