India Globalization Capital (IGC)
India Globalization Capital Accruals: -1.517M
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IGC Accruals Rankings
| Overall | 58th percentile | 1810 of 4311 |
| Sector | 35th percentile | 203 of 313 in Industrial Goods |
| Industry | 36th percentile | 12 of 19 in Heavy Construction |
IGC Accruals Range, Past 5 Years
| Minimum | -16.62M | Mar 2011 |
| Maximum | 6.773M | Jun 2008 |
| Average | -0.6254M |
About Accruals
Accruals are the non-cash net income earned by a business as a result of accrual based accounting. Mathematically, they are Net Income less Cash Flows from Operations.
Businesses with large positive accruals generally have large non-cash earnings like sales on account that have not yet been paid by customers. Those with negative accruals often are paid up-front for services and recognize the revenue over time as they perform the pre-paid service (newspapers are a good example of this type of business), or they may have large non-cash expenses such as depreciation.
Beware businesses that have large positive accruals over long periods of time. They are a signal of low quality earnings numbers (earnings without much actual cash behind them, in a simple sense). Accruals are also a key element of the Beneish M-Score which detects earnings manipulation, and companies with higher accruals relative to their assets are more likely to have been manipulating earnings.
Learn More
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IGC News
about 25 days ago by islander
about 29 days ago by islander
about 41 days ago by islander
Feb 16, 8:00AM Marketwire
about 105 days ago by MarketBrief
about 107 days ago by MarketBrief
about 138 days ago by MarketBrief
Dec 30, 2:52PM Benzinga
about 169 days ago by MarketBrief
about 171 days ago by MarketBrief
about 173 days ago by MarketBrief
Nov 21, 6:21PM Marketwire
Oct 18, 8:42AM Benzinga
Aug 19, 8:00AM Marketwire
Aug 09, 12:18PM FlyOnTheWall
Aug 09, 11:13AM Marketwire
Jul 11, 9:56AM FlyOnTheWall
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| IGC | 0.2191 | -0.00 | -0.41% | 4.611M |
| IGA | 10.87 | -0.10 | -0.91% | |
| IG | 1.04 | +0.01 | +0.97% | 41.08M |
| IFT | 4.18 | +0.00 | +0.00% | 88.62M |
| IFSM | 31.41 | +0.43 | +1.39% | |
| IFSIA | 12.80 | -0.05 | -0.39% | 840.78M |
| LTS | 1.45 | -0.02 | -1.36% | 270.61M |
| LTRX | 2.08 | +0.01 | +0.48% | 22.01M |
| LTRE | 4.60 | -0.15 | -3.16% | 64.17M |
| LTPZ | 69.68 | +0.84 | +1.22% |
