Keda Net Interest Income vs Income Before Tax Analysis

600499 Stock   8.43  0.05  0.60%   
Keda Clean financial indicator trend analysis is infinitely more than just investigating Keda Clean Energy recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Keda Clean Energy is a good investment. Please check the relationship between Keda Clean Net 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 Keda Clean Energy. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Net Interest Income vs Income Before Tax

Net 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 Keda Clean Energy Net Interest Income account and Income Before Tax. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Keda Clean's Net Interest Income and Income Before Tax is -0.22. Overlapping area represents the amount of variation of Net Interest Income that can explain the historical movement of Income Before Tax in the same time period over historical financial statements of Keda Clean Energy, assuming nothing else is changed. The correlation between historical values of Keda Clean's Net 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 Net Interest Income of Keda Clean Energy 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 Net Interest Income i.e., Keda Clean's Net Interest Income and Income Before Tax go up and down completely randomly.

Correlation Coefficient

-0.22
Relationship DirectionNegative 
Relationship StrengthInsignificant

Net Interest Income

The difference between the revenue generated from a bank's interest-bearing assets and the expenses associated with paying its interest-bearing liabilities.

Income Before Tax

Income Before Tax which can also be referred as pre-tax income is reported on Keda Clean income statement and is an important metric when analyzing Keda Clean Energy 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 Keda Clean's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Keda Clean Energy 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 Keda Clean Energy. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.
The current year's Tax Provision is expected to grow to about 43.9 M, whereas Selling General Administrative is forecasted to decline to about 351.4 M.
 2021 2022 2023 2024 (projected)
Operating Income1.2B1.7B1.3B1.4B
Total Revenue9.8B11.2B9.7B10.2B

Keda Clean fundamental ratios Correlations

0.230.890.980.850.950.850.930.210.30.980.310.960.790.930.980.90.670.740.89-0.860.860.310.890.880.9
0.230.410.220.370.090.470.250.320.180.34-0.210.260.270.340.26-0.130.00.28-0.02-0.230.310.270.310.290.22
0.890.410.810.860.730.970.730.320.530.920.30.970.730.950.890.710.310.830.61-0.60.910.620.740.920.77
0.980.220.810.830.990.780.960.190.250.940.260.90.780.880.950.880.770.660.94-0.910.780.180.90.810.89
0.850.370.860.830.780.930.70.20.560.850.060.850.760.880.840.660.350.670.64-0.640.720.290.660.740.7
0.950.090.730.990.780.70.950.120.210.880.240.840.760.810.910.890.830.580.96-0.920.710.090.880.740.87
0.850.470.970.780.930.70.670.340.580.890.230.930.720.930.850.650.240.770.55-0.560.830.530.670.850.7
0.930.250.730.960.70.950.670.10.120.880.240.820.680.80.880.820.830.620.93-0.930.760.210.940.780.89
0.210.320.320.190.20.120.340.10.230.220.560.260.060.250.350.080.10.130.01-0.020.110.140.140.10.14
0.30.180.530.250.560.210.580.120.230.26-0.080.420.480.390.270.09-0.180.41-0.030.090.290.520.140.260.16
0.980.340.920.940.850.880.890.880.220.260.270.960.780.940.970.860.580.740.83-0.840.890.350.870.920.9
0.31-0.210.30.260.060.240.230.240.56-0.080.270.37-0.070.320.390.450.20.250.24-0.10.290.250.160.290.2
0.960.260.970.90.850.840.930.820.260.420.960.370.750.960.950.860.460.830.75-0.710.920.510.80.930.85
0.790.270.730.780.760.760.720.680.060.480.78-0.070.750.70.720.620.510.490.66-0.680.60.170.670.630.67
0.930.340.950.880.880.810.930.80.250.390.940.320.960.70.920.80.420.830.72-0.70.910.510.790.930.83
0.980.260.890.950.840.910.850.880.350.270.970.390.950.720.920.880.650.70.85-0.820.820.270.830.840.86
0.9-0.130.710.880.660.890.650.820.080.090.860.450.860.620.80.880.650.670.91-0.80.770.160.770.780.84
0.670.00.310.770.350.830.240.830.1-0.180.580.20.460.510.420.650.650.180.87-0.860.34-0.260.730.360.65
0.740.280.830.660.670.580.770.620.130.410.740.250.830.490.830.70.670.180.52-0.470.930.650.680.850.75
0.89-0.020.610.940.640.960.550.930.01-0.030.830.240.750.660.720.850.910.870.52-0.950.67-0.030.860.70.86
-0.86-0.23-0.6-0.91-0.64-0.92-0.56-0.93-0.020.09-0.84-0.1-0.71-0.68-0.7-0.82-0.8-0.86-0.47-0.95-0.640.06-0.91-0.69-0.88
0.860.310.910.780.720.710.830.760.110.290.890.290.920.60.910.820.770.340.930.67-0.640.650.80.980.84
0.310.270.620.180.290.090.530.210.140.520.350.250.510.170.510.270.16-0.260.65-0.030.060.650.270.630.28
0.890.310.740.90.660.880.670.940.140.140.870.160.80.670.790.830.770.730.680.86-0.910.80.270.820.98
0.880.290.920.810.740.740.850.780.10.260.920.290.930.630.930.840.780.360.850.7-0.690.980.630.820.85
0.90.220.770.890.70.870.70.890.140.160.90.20.850.670.830.860.840.650.750.86-0.880.840.280.980.85
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Keda Clean Account Relationship Matchups

Keda Clean fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets12.9B13.4B16.1B21.2B23.6B24.8B
Other Current Liab842.2M1.7B2.1B2.0B174.4M165.6M
Total Current Liabilities6.5B5.8B6.4B6.0B6.4B6.7B
Total Stockholder Equity4.7B5.9B6.9B11.4B11.4B12.0B
Other Liab117.9M142.3M214.2M193.6M222.6M233.7M
Retained Earnings2.1B2.4B3.2B6.7B7.0B7.4B
Accounts Payable2.3B2.4B2.7B2.2B2.4B2.5B
Cash1.3B1.4B2.0B4.8B3.6B3.8B
Other Assets490.1M571.6M422.4M520.4M598.4M326.2M
Net Receivables2.7B1.1B1.4B1.6B1.8B1.1B
Inventory2.4B2.6B3.3B3.2B3.7B3.9B
Other Current Assets524.4M477.2M400.0M462.0M938.1M985.0M
Total Liab7.6B6.6B8.1B7.8B9.9B10.4B
Intangible Assets447.4M423.9M870.6M867.2M874.4M918.2M
Property Plant Equipment2.9B2.9B3.2B3.8B4.4B4.6B
Long Term Debt983.1M798.6M1.5B1.5B3.4B3.6B
Net Tangible Assets3.2B4.5B5.0B9.2B10.6B11.1B
Other Stockholder Equity8.9M(55.5M)(110.4M)(199.9M)(179.9M)(170.9M)
Short Long Term Debt2.2B1.0B911.6M1.0B572.3M543.7M
Total Current Assets6.9B7.2B8.5B11.9B11.8B8.5B
Non Current Assets Total6.0B6.3B7.6B9.2B11.8B7.6B
Non Currrent Assets Other27.9M25.2M39.0M44.6M207.3M384.6M
Non Current Liabilities Total1.1B1.0B1.7B1.8B3.5B1.8B
Non Current Liabilities Other102.8M181.9M167.7M233.6M25.5M24.2M
Net Debt1.9B380.9M485.8M368.7M331.8M315.3M
Deferred Long Term Liab6.2M18.0M15.6M15.8M18.2M12.2M
Net Invested Capital7.8B7.8B9.3B13.9B15.4B11.0B
Net Working Capital403.7M1.5B2.1B5.9B5.3B2.8B

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Other Information on Investing in Keda Stock

Balance Sheet is a snapshot of the financial position of Keda Clean Energy at a specified time, usually calculated after every quarter, six months, or one year. Keda Clean Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Keda Clean and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Keda currently owns. An asset can also be divided into two categories, current and non-current.