Adacel Income Before Tax vs Interest Income Analysis

ADA Stock   0.45  0.02  4.65%   
Adacel Tech financial indicator trend analysis is way more than just evaluating Adacel Tech prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Adacel Tech is a good investment. Please check the relationship between Adacel Tech Income Before Tax and its Interest Income accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Adacel Tech. 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.

Income Before Tax vs Interest Income

Income Before Tax vs Interest Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Adacel Tech Income Before Tax account and Interest Income. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Adacel Tech's Income Before Tax and Interest Income is -0.54. Overlapping area represents the amount of variation of Income Before Tax that can explain the historical movement of Interest Income in the same time period over historical financial statements of Adacel Tech, assuming nothing else is changed. The correlation between historical values of Adacel Tech's Income Before Tax and Interest Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Income Before Tax of Adacel Tech are associated (or correlated) with its Interest Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Interest Income has no effect on the direction of Income Before Tax i.e., Adacel Tech's Income Before Tax and Interest Income go up and down completely randomly.

Correlation Coefficient

-0.54
Relationship DirectionNegative 
Relationship StrengthVery Weak

Income Before Tax

Income Before Tax which can also be referred as pre-tax income is reported on Adacel Tech income statement and is an important metric when analyzing Adacel Tech 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.

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.
Most indicators from Adacel Tech's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Adacel Tech 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 Adacel Tech. 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 gain to about 544.6 K in 2024, whereas Selling General Administrative is likely to drop slightly above 16.9 M in 2024.
 2021 2022 2023 2024 (projected)
Research Development507.2K360.4K1.2M1.2M
Total Revenue26.1M26.9M31.0M29.9M

Adacel Tech fundamental ratios Correlations

0.440.730.610.60.490.51-0.16-0.440.530.44-0.19-0.090.520.660.270.480.31-0.36-0.290.610.340.750.19-0.22-0.22
0.440.520.66-0.310.80.220.64-0.29-0.220.40.02-0.46-0.230.210.170.640.410.0-0.130.650.840.120.78-0.070.03
0.730.520.690.250.660.590.28-0.62-0.030.75-0.34-0.28-0.040.460.150.630.23-0.13-0.650.750.510.250.10.03-0.21
0.610.660.69-0.140.590.710.31-0.040.00.24-0.22-0.07-0.010.590.670.630.520.13-0.360.930.50.480.45-0.55-0.6
0.6-0.310.25-0.14-0.220.04-0.73-0.50.780.18-0.070.040.770.38-0.21-0.23-0.04-0.550.01-0.14-0.340.56-0.360.10.16
0.490.80.660.59-0.220.370.69-0.34-0.30.69-0.02-0.47-0.310.070.110.880.210.11-0.440.750.94-0.010.410.110.0
0.510.220.590.710.040.370.07-0.060.010.20.06-0.050.00.540.690.570.120.21-0.480.740.240.42-0.17-0.52-0.67
-0.160.640.280.31-0.730.690.07-0.1-0.860.480.11-0.28-0.87-0.31-0.070.610.280.42-0.30.430.78-0.570.470.30.17
-0.44-0.29-0.62-0.04-0.5-0.34-0.06-0.1-0.03-0.75-0.120.46-0.02-0.090.49-0.18-0.060.330.23-0.14-0.330.060.03-0.54-0.53
0.53-0.22-0.030.00.78-0.30.01-0.86-0.03-0.3-0.120.181.00.460.17-0.3-0.04-0.530.27-0.11-0.410.82-0.12-0.38-0.16
0.440.40.750.240.180.690.20.48-0.75-0.3-0.07-0.3-0.31-0.07-0.40.650.14-0.06-0.50.470.59-0.26-0.030.550.34
-0.190.02-0.34-0.22-0.07-0.020.060.11-0.12-0.12-0.07-0.09-0.13-0.15-0.050.020.090.070.46-0.130.14-0.15-0.060.030.33
-0.09-0.46-0.28-0.070.04-0.47-0.05-0.280.460.18-0.3-0.090.19-0.070.2-0.140.310.150.15-0.1-0.470.14-0.18-0.26-0.29
0.52-0.23-0.04-0.010.77-0.310.0-0.87-0.021.0-0.31-0.130.190.450.18-0.3-0.05-0.530.28-0.11-0.420.82-0.13-0.39-0.17
0.660.210.460.590.380.070.54-0.31-0.090.46-0.07-0.15-0.070.450.520.050.27-0.490.040.4-0.090.770.11-0.6-0.55
0.270.170.150.67-0.210.110.69-0.070.490.17-0.4-0.050.20.180.520.270.170.3-0.190.550.070.580.15-0.88-0.89
0.480.640.630.63-0.230.880.570.61-0.18-0.30.650.02-0.14-0.30.050.270.220.2-0.460.850.780.020.18-0.08-0.22
0.310.410.230.52-0.040.210.120.28-0.06-0.040.140.090.31-0.050.270.170.220.060.110.420.250.230.53-0.170.01
-0.360.0-0.130.13-0.550.110.210.420.33-0.53-0.060.070.15-0.53-0.490.30.20.06-0.480.170.26-0.340.120.04-0.16
-0.29-0.13-0.65-0.360.01-0.44-0.48-0.30.230.27-0.50.460.150.280.04-0.19-0.460.11-0.48-0.46-0.40.050.09-0.20.25
0.610.650.750.93-0.140.750.740.43-0.14-0.110.47-0.13-0.1-0.110.40.550.850.420.17-0.460.630.310.28-0.39-0.5
0.340.840.510.5-0.340.940.240.78-0.33-0.410.590.14-0.47-0.42-0.090.070.780.250.26-0.40.63-0.120.560.20.14
0.750.120.250.480.56-0.010.42-0.570.060.82-0.26-0.150.140.820.770.580.020.23-0.340.050.31-0.120.16-0.65-0.5
0.190.780.10.45-0.360.41-0.170.470.03-0.12-0.03-0.06-0.18-0.130.110.150.180.530.120.090.280.560.16-0.070.1
-0.22-0.070.03-0.550.10.11-0.520.3-0.54-0.380.550.03-0.26-0.39-0.6-0.88-0.08-0.170.04-0.2-0.390.2-0.65-0.070.84
-0.220.03-0.21-0.60.160.0-0.670.17-0.53-0.160.340.33-0.29-0.17-0.55-0.89-0.220.01-0.160.25-0.50.14-0.50.10.84
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Adacel Tech Account Relationship Matchups

Adacel Tech fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets39.2M41.5M26.9M35.3M26.1M31.1M
Short Long Term Debt Total7.6M7.5M3.9M4.2M10.8M11.4M
Other Current Liab7.9M7.1M3.0M9.5M4.7M3.4M
Total Current Liabilities15.5M13.4M9.3M13.5M15.7M11.8M
Total Stockholder Equity15.4M19.6M13.9M16.2M5.3M5.0M
Property Plant And Equipment Net7.6M6.5M3.9M5.7M5.9M6.2M
Current Deferred Revenue4.4M4.1M4.1M4.2M1.5M1.8M
Net Debt2.4M(4.1M)2.0M2.8M9.3M9.7M
Accounts Payable1.8M1.5M1.3M1.1M2.4M3.7M
Cash5.2M11.6M1.9M1.4M1.5M1.5M
Non Current Assets Total17.4M14.4M10.6M17.2M10.3M7.3M
Non Currrent Assets Other50.0K11.7K2.3M(1.1M)100K123.6K
Cash And Short Term Investments5.2M11.6M1.9M1.4M1.5M1.5M
Net Receivables14.8M9.7M7.7M9.1M6.9M10.3M
Common Stock Shares Outstanding77.2M77.1M76.6M76.3M76.2M78.5M
Liabilities And Stockholders Equity39.2M41.5M27.9M35.3M26.1M31.1M
Non Current Liabilities Total8.3M8.6M4.7M5.5M5.0M5.3M
Inventory1.3M534K1.0M659.1K2.0M1.1M
Other Current Assets496K676K5.7M7.0M5.3M3.2M
Other Stockholder Equity(0.15)(7.1M)(1.47)(26.1M)8.7K9.1K
Total Liab23.9M21.9M14.0M19.1M20.8M14.1M
Property Plant And Equipment Gross7.6M8.5M7.8M7.9M10.1M10.6M
Total Current Assets21.8M27.0M16.3M18.1M15.8M21.1M
Accumulated Other Comprehensive Income(476K)235K(6.0M)(9.9M)(6.9M)(6.6M)
Short Term Debt1.4M1.0M892.9K1.4M6.6M7.0M
Intangible Assets1.2M1.9M4.5M7.0M2.6M3.5M
Retained Earnings(55.6M)(51.5M)(33.4M)(53.8M)(40.9M)(42.9M)
Common Stock71.5M70.9M53.3M79.9M53.1M67.0M
Other Liab763K861K775K930K1.1M1.2M
Short Term Investments55K37.6K4.5M16K772.8K559.2K
Property Plant Equipment7.6M6.5M3.9M3.8M4.4M2.8M
Net Tangible Assets14.2M17.6M9.4M6.1M5.5M5.2M
Long Term Investments41K42K50K47K54.1K45.1K
Long Term Debt Total6.2M6.1M3.0M2.8M3.2M2.8M

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