Argen Interest Income vs Income Before Tax Analysis

0QW0 Stock   601.20  0.65  0.11%   
Argen X financial indicator trend analysis is way more than just evaluating Argen X prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Argen X is a good investment. Please check the relationship between Argen X Interest Income and its Income Before Tax accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Argen X. 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.

Interest Income vs Income Before Tax

Interest Income vs Income Before Tax Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Argen X Interest Income account and Income Before Tax. At this time, the significance of the direction appears to have pay attention.
The correlation between Argen X's Interest Income and Income Before Tax is -0.86. Overlapping area represents the amount of variation of Interest Income that can explain the historical movement of Income Before Tax in the same time period over historical financial statements of Argen X, assuming nothing else is changed. The correlation between historical values of Argen X's Interest Income and Income Before Tax is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Interest Income of Argen X are associated (or correlated) with its Income Before Tax. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Income Before Tax has no effect on the direction of Interest Income i.e., Argen X's Interest Income and Income Before Tax go up and down completely randomly.

Correlation Coefficient

-0.86
Relationship DirectionNegative 
Relationship StrengthSignificant

Interest Income

Income earned from the investment of cash or from lending money to others, including interest from bank accounts, bonds, or other interest-bearing investments.

Income Before Tax

Income Before Tax which can also be referred as pre-tax income is reported on Argen X income statement and is an important metric when analyzing Argen X profitability. Accounting techniques because taxes can be complex, and not perfectly consistent from one company to company, an analyst may use pre-tax income as a more stable measure of profitability.
Most indicators from Argen X's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Argen X 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 Argen X. 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.
Selling General Administrative is likely to gain to about 532.8 M in 2024, whereas Tax Provision is likely to drop slightly above 2.8 M in 2024.
 2021 2022 2023 2024 (projected)
Total Operating Expenses846.0M1.1B1.5B1.6B
Cost Of Revenue510.0M29.4M117.8M131.5M

Argen X fundamental ratios Correlations

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0.790.690.860.770.82-0.77-0.820.890.740.850.550.70.820.850.840.730.760.830.780.840.470.620.360.910.94
0.180.270.320.110.2-0.18-0.070.260.160.1-0.05-0.070.270.360.38-0.080.10.660.190.39-0.14-0.140.360.160.3
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Argen X Account Relationship Matchups

Argen X fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets1.6B2.3B2.9B3.1B4.5B4.8B
Other Current Liab111.8M68.7M84.6M107.0M168.5M176.9M
Total Current Liabilities179.7M329.6M301.2M302.3M423.0M444.1M
Total Stockholder Equity1.2B1.7B2.5B2.8B4.1B4.3B
Property Plant And Equipment Net9.2M11.7M15.8M16.2M22.7M23.8M
Net Debt(367.1M)(1.2B)(1.3B)(788.3M)(2.0B)(1.9B)
Retained Earnings(383.5M)(1.1B)(1.4B)(2.1B)(2.4B)(2.3B)
Accounts Payable65.6M206.5M208.9M188.7M245.6M257.8M
Cash372.2M1.2B1.3B800.7M2.0B2.2B
Non Current Assets Total67.5M223.3M307.3M360.1M418.7M439.7M
Non Currrent Assets Other10.3M22.3M34.4M49.2M126.5M132.8M
Other Assets9.2M30.4M58.5M120.0M138.0M144.8M
Cash And Short Term Investments1.5B2.0B2.3B2.2B3.2B3.3B
Common Stock Shares Outstanding38.6M45.4M51.1M54.4M57.2M31.8M
Short Term Investments1.1B782.3M1.0B1.4B1.1B1.2B
Other Current Assets16.6M24.1M64.5M180.7M134.1M140.8M
Other Stockholder Equity1.5B2.7B3.5B4.3B6.4B6.7B
Total Liab429.8M607.4M316.1M320.6M445.0M467.2M
Total Current Assets1.5B2.1B2.5B2.8B4.1B4.3B
Common Stock5.2M5.9M6.2M6.6M7.1M4.2M
Net Receivables25.4M235.2K32.7M277.3M499.3M524.2M
Liabilities And Stockholders Equity1.6B2.3B2.9B3.1B4.5B4.8B
Accumulated Other Comprehensive Income53.0M200.7M465.4M607.0M72.1M68.5M
Intangible Assets45.1M168.0M171.7M174.9M125.2M75.3M
Other Liab245.0M270.7M6.9M9.3M10.7M10.1M
Net Tangible Assets1.1B1.5B2.4B2.6B3.0B1.6B
Property Plant Equipment9.2M11.6M15.8M16.2M18.7M10.0M

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