Erste Net Tangible Assets vs Other Assets Analysis

0MJK Stock

51.91 0.59 1.15%

Erste Group financial indicator trend analysis is much more than just examining Erste Group Bank latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Erste Group Bank is a good investment. Please check the relationship between Erste Group Net Tangible Assets and its Other Assets accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Erste Group Bank. 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.

Net Tangible Assets vs Other Assets

Net Tangible Assets vs Other Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Erste Group Bank Net Tangible Assets account and Other Assets. At this time, the significance of the direction appears to have very strong relationship.

The correlation between Erste Group's Net Tangible Assets and Other Assets is 0.84. Overlapping area represents the amount of variation of Net Tangible Assets that can explain the historical movement of Other Assets in the same time period over historical financial statements of Erste Group Bank, assuming nothing else is changed. The correlation between historical values of Erste Group's Net Tangible Assets and Other 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 Tangible Assets of Erste Group Bank are associated (or correlated) with its Other Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Assets has no effect on the direction of Net Tangible Assets i.e., Erste Group's Net Tangible Assets and Other Assets go up and down completely randomly.

Correlation Coefficient

0.84

Relationship Direction	Positive
Relationship Strength	Strong

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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.

Other Assets

Most indicators from Erste Group's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Erste Group Bank 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Erste Group Bank. 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.

Tax Provision is likely to drop to about 306.8 M in 2024

	2019	2020	2023	2024 (projected)
Net Interest Income	4.7B	4.8B	5.5B	5.0B
Tax Provision	418.7M	342.5M	308.3M	306.8M

Net Interest Income Tax Provision

Erste Group fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Total Stockholder Equity	Retained Earnings	Other Assets	Long Term Debt	Good Will	Capital Surpluse	Other Stockholder Equity	Total Liab	Intangible Assets	Common Stock	Property Plant Equipment	Earning Assets	Other Current Liab	Total Current Liabilities	Other Liab	Net Tangible Assets	Accounts Payable	Net Receivables	Inventory	Other Current Assets	Total Current Assets
Total Assets		0.94	1.0	0.98	0.94	0.93	-0.92	0.63	0.91	1.0	0.91	-0.45	0.82	0.46	-0.32	0.93	0.76	0.95	0.93	0.87	-0.84	-0.33	0.88
Short Long Term Debt Total	0.94		0.92	0.94	0.92	1.0	-0.91	0.71	0.8	0.94	0.83	-0.54	0.85	0.6	-0.37	0.88	0.75	0.92	0.88	0.82	-0.79	-0.41	0.77
Total Stockholder Equity	1.0	0.92		0.98	0.94	0.91	-0.93	0.61	0.91	1.0	0.92	-0.44	0.81	0.4	-0.3	0.92	0.73	0.94	0.92	0.85	-0.82	-0.32	0.86
Retained Earnings	0.98	0.94	0.98		0.95	0.93	-0.93	0.64	0.86	0.98	0.92	-0.49	0.83	0.42	-0.31	0.93	0.77	0.94	0.93	0.89	-0.85	-0.37	0.84
Other Assets	0.94	0.92	0.94	0.95		0.91	-0.89	0.47	0.81	0.94	0.87	-0.35	0.67	0.26	-0.24	0.8	0.62	0.84	0.8	0.75	-0.7	-0.27	0.74
Long Term Debt	0.93	1.0	0.91	0.93	0.91		-0.89	0.73	0.79	0.93	0.82	-0.56	0.85	0.61	-0.38	0.88	0.76	0.91	0.88	0.82	-0.79	-0.43	0.76
Good Will	-0.92	-0.91	-0.93	-0.93	-0.89	-0.89		-0.6	-0.91	-0.92	-0.85	0.55	-0.85	-0.45	0.25	-0.87	-0.65	-0.91	-0.86	-0.79	0.79	0.35	-0.79
Capital Surpluse	0.63	0.71	0.61	0.64	0.47	0.73	-0.6		0.53	0.63	0.67	-0.85	0.82	0.78	-0.57	0.73	0.78	0.74	0.73	0.69	-0.73	-0.67	0.54
Other Stockholder Equity	0.91	0.8	0.91	0.86	0.81	0.79	-0.91	0.53		0.91	0.8	-0.53	0.72	0.4	-0.21	0.87	0.6	0.88	0.86	0.74	-0.85	-0.28	0.9
Total Liab	1.0	0.94	1.0	0.98	0.94	0.93	-0.92	0.63	0.91		0.9	-0.45	0.82	0.46	-0.32	0.94	0.76	0.95	0.93	0.87	-0.85	-0.34	0.88
Intangible Assets	0.91	0.83	0.92	0.92	0.87	0.82	-0.85	0.67	0.8	0.9		-0.56	0.71	0.25	-0.33	0.8	0.67	0.83	0.8	0.74	-0.73	-0.4	0.68
Common Stock	-0.45	-0.54	-0.44	-0.49	-0.35	-0.56	0.55	-0.85	-0.53	-0.45	-0.56		-0.63	-0.57	0.41	-0.56	-0.52	-0.57	-0.55	-0.49	0.67	0.65	-0.42
Property Plant Equipment	0.82	0.85	0.81	0.83	0.67	0.85	-0.85	0.82	0.72	0.82	0.71	-0.63		0.78	-0.43	0.92	0.85	0.93	0.92	0.9	-0.85	-0.5	0.77
Earning Assets	0.46	0.6	0.4	0.42	0.26	0.61	-0.45	0.78	0.4	0.46	0.25	-0.57	0.78		-0.47	0.65	0.7	0.64	0.65	0.62	-0.64	-0.49	0.54
Other Current Liab	-0.32	-0.37	-0.3	-0.31	-0.24	-0.38	0.25	-0.57	-0.21	-0.32	-0.33	0.41	-0.43	-0.47		-0.4	-0.74	-0.47	-0.44	-0.46	0.36	0.94	-0.15
Total Current Liabilities	0.93	0.88	0.92	0.93	0.8	0.88	-0.87	0.73	0.87	0.94	0.8	-0.56	0.92	0.65	-0.4		0.88	0.99	1.0	0.97	-0.96	-0.46	0.94
Other Liab	0.76	0.75	0.73	0.77	0.62	0.76	-0.65	0.78	0.6	0.76	0.67	-0.52	0.85	0.7	-0.74	0.88		0.88	0.89	0.93	-0.83	-0.74	0.7
Net Tangible Assets	0.95	0.92	0.94	0.94	0.84	0.91	-0.91	0.74	0.88	0.95	0.83	-0.57	0.93	0.64	-0.47	0.99	0.88		0.99	0.95	-0.93	-0.51	0.89
Accounts Payable	0.93	0.88	0.92	0.93	0.8	0.88	-0.86	0.73	0.86	0.93	0.8	-0.55	0.92	0.65	-0.44	1.0	0.89	0.99		0.97	-0.96	-0.49	0.93
Net Receivables	0.87	0.82	0.85	0.89	0.75	0.82	-0.79	0.69	0.74	0.87	0.74	-0.49	0.9	0.62	-0.46	0.97	0.93	0.95	0.97		-0.92	-0.51	0.87
Inventory	-0.84	-0.79	-0.82	-0.85	-0.7	-0.79	0.79	-0.73	-0.85	-0.85	-0.73	0.67	-0.85	-0.64	0.36	-0.96	-0.83	-0.93	-0.96	-0.92		0.49	-0.93
Other Current Assets	-0.33	-0.41	-0.32	-0.37	-0.27	-0.43	0.35	-0.67	-0.28	-0.34	-0.4	0.65	-0.5	-0.49	0.94	-0.46	-0.74	-0.51	-0.49	-0.51	0.49		-0.2
Total Current Assets	0.88	0.77	0.86	0.84	0.74	0.76	-0.79	0.54	0.9	0.88	0.68	-0.42	0.77	0.54	-0.15	0.94	0.7	0.89	0.93	0.87	-0.93	-0.2

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Erste Group Account Relationship Matchups

Erste Group fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	220.7B	236.8B	245.7B	277.4B	319.0B	261.5B
Short Long Term Debt Total	25.1B	29.7B	30.9B	31.2B	35.9B	31.7B
Total Stockholder Equity	13.9B	14.4B	15.6B	17.3B	19.9B	16.2B
Retained Earnings	13.1B	13.2B	14.9B	14.8B	17.0B	14.0B
Other Assets	183.9B	187.7B	200.9B	220.2B	253.2B	151.3B
Long Term Debt	25.1B	29.7B	30.4B	30.7B	35.3B	31.5B
Other Stockholder Equity	187.4M	3.3B	2.2B	2.2B	2.6B	2.7B
Total Liab	206.8B	222.4B	230.1B	260.1B	299.1B	245.3B
Intangible Assets	811.6M	795.1M	821.3M	814.9M	937.1M	863.1M
Property Plant Equipment	2.6B	2.6B	2.7B	2.7B	3.1B	2.8B
Earning Assets	45.8B	47.5B	48.3B	50.8B	58.4B	53.6B
Other Current Liab	1.9B	2.0B	2.9B	1.0B	927.6M	1.6B
Total Current Liabilities	195.0B	225.0B	253.6B	256.8B	295.3B	246.5B
Other Liab	3.6B	3.7B	4.0B	5.2B	5.9B	4.4B
Net Tangible Assets	14.3B	16.0B	16.6B	18.0B	20.7B	17.1B
Accounts Payable	183.4B	213.6B	240.8B	252.8B	290.7B	235.0B
Net Receivables	1.5B	1.5B	2.3B	2.5B	2.9B	2.0B
Other Current Assets	3.7B	5.0B	6.9B	261.6M	235.4M	223.7M
Total Current Assets	18.7B	44.4B	54.7B	46.3B	53.2B	41.6B

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Erste Net Tangible Assets vs Other Assets Analysis

Net Tangible Assets vs Other Assets

Net Tangible Assets vs Other Assets Correlation Analysis

Correlation Coefficient

Net Tangible Assets

Other Assets

Erste Group fundamental ratios Correlations

Erste Group Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Erste Group fundamental ratios Accounts

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Additional Tools for Erste Stock Analysis

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Total Stockholder Equity	+ 1.0	Total Assets
Total Liab	+ 1.0	Total Assets
Long Term Debt	+ 1.0	Short Long Term Debt Total
Total Liab	+ 1.0	Total Stockholder Equity
Accounts Payable	+ 1.0	Total Current Liabilities
Net Tangible Assets	+ 0.99	Total Current Liabilities

Inventory	- 0.96	Accounts Payable
Inventory	- 0.96	Total Current Liabilities
Total Current Assets	- 0.93	Inventory
Inventory	- 0.93	Net Tangible Assets
Good Will	- 0.93	Retained Earnings
Good Will	- 0.93	Total Stockholder Equity