Ingevity Net Debt vs Net Tangible Assets Analysis

NGVT Stock  USD 41.14  0.34  0.83%   
Ingevity Corp financial indicator trend analysis is infinitely more than just investigating Ingevity Corp recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Ingevity Corp is a good investment. Please check the relationship between Ingevity Corp Net Debt and its Net Tangible Assets accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Ingevity Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real.
For more information on how to buy Ingevity Stock please use our How to Invest in Ingevity Corp guide.

Net Debt vs Net Tangible Assets

Net Debt vs Net Tangible Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Ingevity Corp Net Debt account and Net Tangible Assets. At this time, the significance of the direction appears to have pay attention.
The correlation between Ingevity Corp's Net Debt and Net Tangible Assets is -0.96. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Net Tangible Assets in the same time period over historical financial statements of Ingevity Corp, assuming nothing else is changed. The correlation between historical values of Ingevity Corp's Net Debt and Net Tangible Assets 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 Ingevity Corp are associated (or correlated) with its Net Tangible Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Tangible Assets has no effect on the direction of Net Debt i.e., Ingevity Corp's Net Debt and Net Tangible Assets go up and down completely randomly.

Correlation Coefficient

-0.96
Relationship DirectionNegative 
Relationship StrengthSignificant

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.

Net Tangible Assets

The total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company.
Most indicators from Ingevity Corp's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Ingevity Corp 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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Ingevity Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real.
For more information on how to buy Ingevity Stock please use our How to Invest in Ingevity Corp guide.Sales General And Administrative To Revenue is likely to gain to 0.13 in 2024, whereas Selling General Administrative is likely to drop slightly above 159.8 M in 2024.
 2021 2022 2023 2024 (projected)
Interest Expense47.7M54.3M93.3M98.0M
Depreciation And Amortization127.2M124.9M122.8M77.7M

Ingevity Corp fundamental ratios Correlations

-0.54-0.51-0.46-0.63-0.51-0.59-0.53-0.65-0.26-0.54-0.45-0.26-0.64-0.73-0.51-0.62-0.70.73-0.53-0.64-0.55-0.480.39-0.550.59
-0.540.980.950.950.850.990.970.880.71.00.940.70.890.950.990.920.36-0.850.990.910.970.98-0.720.95-0.92
-0.510.980.940.940.750.980.990.850.680.980.890.680.840.921.00.910.43-0.841.00.870.950.97-0.810.92-0.96
-0.460.950.940.880.760.910.920.820.710.940.910.710.790.90.950.840.29-0.730.950.830.920.94-0.780.86-0.92
-0.630.950.940.880.760.960.950.950.580.940.820.580.90.90.940.950.54-0.840.950.950.930.9-0.710.91-0.88
-0.510.850.750.760.760.840.730.750.640.850.870.640.830.830.780.760.08-0.70.780.810.840.85-0.280.83-0.65
-0.590.990.980.910.960.840.970.90.670.980.890.670.880.940.980.950.45-0.90.980.910.970.95-0.710.94-0.92
-0.530.970.990.920.950.730.970.880.580.980.850.580.870.920.990.940.48-0.840.990.870.920.96-0.80.89-0.96
-0.650.880.850.820.950.750.90.880.450.880.820.450.960.840.860.950.51-0.780.880.950.870.82-0.60.83-0.79
-0.260.70.680.710.580.640.670.580.450.670.781.00.390.630.70.490.06-0.570.690.560.810.66-0.580.77-0.58
-0.541.00.980.940.940.850.980.980.880.670.930.670.890.950.990.920.35-0.830.990.90.960.99-0.710.93-0.93
-0.450.940.890.910.820.870.890.850.820.780.930.780.840.880.920.810.14-0.720.910.840.940.92-0.610.9-0.81
-0.260.70.680.710.580.640.670.580.451.00.670.780.390.630.70.490.06-0.570.690.560.810.66-0.580.77-0.58
-0.640.890.840.790.90.830.880.870.960.390.890.840.390.850.850.930.39-0.760.860.930.840.86-0.490.81-0.77
-0.730.950.920.90.90.830.940.920.840.630.950.880.630.850.930.860.44-0.860.930.850.90.94-0.680.87-0.94
-0.510.991.00.950.940.780.980.990.860.70.990.920.70.850.930.910.39-0.841.00.880.960.97-0.790.93-0.95
-0.620.920.910.840.950.760.950.940.950.490.920.810.490.930.860.910.56-0.90.920.940.910.86-0.680.89-0.85
-0.70.360.430.290.540.080.450.480.510.060.350.140.060.390.440.390.56-0.660.410.440.380.26-0.590.33-0.52
0.73-0.85-0.84-0.73-0.84-0.7-0.9-0.84-0.78-0.57-0.83-0.72-0.57-0.76-0.86-0.84-0.9-0.66-0.84-0.83-0.86-0.770.67-0.870.83
-0.530.991.00.950.950.780.980.990.880.690.990.910.690.860.931.00.920.41-0.840.90.960.97-0.790.93-0.95
-0.640.910.870.830.950.810.910.870.950.560.90.840.560.930.850.880.940.44-0.830.90.910.84-0.570.93-0.77
-0.550.970.950.920.930.840.970.920.870.810.960.940.810.840.90.960.910.38-0.860.960.910.92-0.720.97-0.87
-0.480.980.970.940.90.850.950.960.820.660.990.920.660.860.940.970.860.26-0.770.970.840.92-0.680.89-0.92
0.39-0.72-0.81-0.78-0.71-0.28-0.71-0.8-0.6-0.58-0.71-0.61-0.58-0.49-0.68-0.79-0.68-0.590.67-0.79-0.57-0.72-0.68-0.650.86
-0.550.950.920.860.910.830.940.890.830.770.930.90.770.810.870.930.890.33-0.870.930.930.970.89-0.65-0.82
0.59-0.92-0.96-0.92-0.88-0.65-0.92-0.96-0.79-0.58-0.93-0.81-0.58-0.77-0.94-0.95-0.85-0.520.83-0.95-0.77-0.87-0.920.86-0.82
Click cells to compare fundamentals

Ingevity Corp Account Relationship Matchups

Ingevity Corp fundamental ratios Accounts

201920202021202220232024 (projected)
Common Stock Shares Outstanding42.2M41.5M40.1M38.5M36.5M33.0M
Total Assets2.1B2.3B2.5B2.7B2.6B1.7B
Short Long Term Debt Total1.3B1.3B1.3B1.5B1.5B884.8M
Other Current Liab83.1M72.6M91.4M85.9M73.5M65.0M
Total Current Liabilities215.5M223.4M268.9M303.5M362.9M219.0M
Total Stockholder Equity530.8M647.3M673.8M698.3M631.4M519.4M
Property Plant And Equipment Net664.7M703.6M719.7M798.6M829.4M627.5M
Net Debt1.2B1.0B974.6M1.4B1.4B767.9M
Accounts Payable99.1M104.2M125.8M174.8M158.4M115.1M
Cash56.5M257.7M275.4M76.7M95.9M102.2M
Non Current Assets Total1.7B1.7B1.7B2.1B2.0B1.2B
Non Currrent Assets Other103.7M183.6M202.7M220.1M111.7M91.6M
Cash And Short Term Investments56.5M257.7M275.4M76.7M95.9M102.2M
Net Receivables150M148M161.7M249.3M211M155.8M
Good Will439M445.3M442M518.5M527.5M553.9M
Liabilities And Stockholders Equity2.1B2.3B2.5B2.7B2.6B1.7B
Non Current Liabilities Total1.4B1.5B1.5B1.7B1.6B1.0B
Inventory212.5M189M241.2M335M308.8M217.3M
Other Current Assets34.9M6.5M6.1M22.3M42.3M44.4M
Other Stockholder Equity38.2M(35.8M)(135.8M)(263M)(344.6M)(327.4M)
Total Liab1.6B1.7B1.8B2.0B2.0B1.2B
Property Plant And Equipment Gross718.1M752.7M1.5B1.6B1.7B878.9M
Total Current Assets463.2M628.7M724.9M679M658.6M504.0M
Accumulated Other Comprehensive Income(5M)4.7M13.1M(46.8M)(26.7M)(28.0M)
Intangible Assets396.2M373.3M337.6M404.8M385.3M211.4M
Other Liab126.4M196.4M276.3M221.4M254.6M133.8M
Net Tangible Assets(324.5M)(176.5M)(105.8M)(280M)(252M)(239.4M)
Current Deferred Revenue(6.3M)4.4M14.7M6.8M47.7M50.1M
Other Assets100.9M146M291.4M268.3M232.9M145.9M
Long Term Debt1.2B1.3B1.3B1.5B1.4B927.7M
Short Long Term Debt22.5M26M19.6M900K84.4M88.6M
Short Term Debt39.6M42.2M37M33.9M121.8M127.9M
Property Plant Equipment719.3M703.6M719.7M855.3M983.6M639.3M
Retained Earnings497.2M678M796.1M1.0B1.0B546.3M
Long Term Debt Total741.2M1.2B1.3B1.3B1.4B863.1M
Deferred Long Term Liab2.5M117M114.6M5.1M5.9M5.6M
Retained Earnings Total Equity313.5M497.2M678M796.1M915.5M961.3M
Short Term Investments1.8M700K400K200K180K171K
Capital Surpluse98.3M112.8M121.3M136.3M156.7M114.5M

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