ANGLE Interest Income vs Depreciation And Amortization Analysis

AGL Stock   10.50  0.50  5.00%   
ANGLE Plc financial indicator trend analysis is way more than just evaluating ANGLE plc prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether ANGLE plc is a good investment. Please check the relationship between ANGLE Plc Interest Income and its Depreciation And Amortization accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in ANGLE plc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

Interest Income vs Depreciation And Amortization

Interest Income vs Depreciation And Amortization Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of ANGLE plc Interest Income account and Depreciation And Amortization. At this time, the significance of the direction appears to have strong relationship.
The correlation between ANGLE Plc's Interest Income and Depreciation And Amortization is 0.66. Overlapping area represents the amount of variation of Interest Income that can explain the historical movement of Depreciation And Amortization in the same time period over historical financial statements of ANGLE plc, assuming nothing else is changed. The correlation between historical values of ANGLE Plc's Interest Income and Depreciation And Amortization 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 ANGLE plc are associated (or correlated) with its Depreciation And Amortization. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Depreciation And Amortization has no effect on the direction of Interest Income i.e., ANGLE Plc's Interest Income and Depreciation And Amortization go up and down completely randomly.

Correlation Coefficient

0.66
Relationship DirectionPositive 
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.

Depreciation And Amortization

The systematic reduction in the recorded value of an intangible asset. This includes the allocation of the cost of tangible assets to periods in which the assets are used, representing the expense related to the wear and tear, deterioration, or obsolescence of physical assets and intangible assets over their useful lives.
Most indicators from ANGLE Plc's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into ANGLE plc 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 ANGLE plc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.
The current year's Selling General Administrative is expected to grow to about 420.1 K, whereas Discontinued Operations is forecasted to decline to about 26.5 K.
 2021 2022 2023 2024 (projected)
Reconciled Depreciation1.5M2.8M2.3M1.6M
Interest Income29K136K463K486.2K

ANGLE Plc fundamental ratios Correlations

0.590.820.961.00.72-0.84-0.750.480.850.780.180.920.830.810.620.940.820.810.540.990.790.55-0.670.030.74
0.590.630.640.540.94-0.65-0.910.270.750.8-0.140.550.780.870.850.460.880.910.930.550.860.74-0.710.090.68
0.820.630.740.810.71-0.7-0.70.00.730.58-0.120.770.710.710.380.740.750.730.580.830.710.55-0.65-0.430.73
0.960.640.740.940.72-0.85-0.780.660.860.810.320.880.820.830.70.920.820.830.570.930.80.63-0.680.210.76
1.00.540.810.940.67-0.83-0.720.470.830.750.220.910.810.790.570.940.790.770.490.990.760.55-0.660.010.71
0.720.940.710.720.67-0.69-0.960.270.80.88-0.20.640.870.940.890.60.950.980.960.680.930.59-0.670.010.67
-0.84-0.65-0.7-0.85-0.83-0.690.68-0.42-0.99-0.67-0.2-0.91-0.63-0.72-0.63-0.79-0.74-0.78-0.54-0.85-0.68-0.520.71-0.1-0.68
-0.75-0.91-0.7-0.78-0.72-0.960.68-0.38-0.78-0.920.03-0.67-0.95-0.99-0.88-0.65-0.99-0.98-0.94-0.71-0.99-0.690.74-0.1-0.72
0.480.270.00.660.470.27-0.42-0.380.390.570.680.380.440.430.580.540.380.40.190.420.40.4-0.280.780.3
0.850.750.730.860.830.8-0.99-0.780.390.750.10.90.720.810.720.780.830.860.670.850.780.56-0.740.070.71
0.780.80.580.810.750.88-0.67-0.920.570.750.180.630.910.930.890.730.920.920.820.710.920.58-0.720.220.69
0.18-0.14-0.120.320.22-0.2-0.20.030.680.10.180.190.070.01-0.010.31-0.02-0.06-0.240.150.020.3-0.10.510.05
0.920.550.770.880.910.64-0.91-0.670.380.90.630.190.680.710.540.790.740.740.490.930.70.5-0.630.020.71
0.830.780.710.820.810.87-0.63-0.950.440.720.910.070.680.980.80.770.970.920.820.80.980.7-0.670.090.64
0.810.870.710.830.790.94-0.72-0.990.430.810.930.010.710.980.880.731.00.980.90.781.00.69-0.720.110.69
0.620.850.380.70.570.89-0.63-0.880.580.720.89-0.010.540.80.880.520.860.90.880.560.860.52-0.590.440.58
0.940.460.740.920.940.6-0.79-0.650.540.780.730.310.790.770.730.520.720.710.420.930.70.52-0.580.050.59
0.820.880.750.820.790.95-0.74-0.990.380.830.92-0.020.740.971.00.860.720.980.910.790.990.68-0.740.070.71
0.810.910.730.830.770.98-0.78-0.980.40.860.92-0.060.740.920.980.90.710.980.920.780.970.64-0.720.090.71
0.540.930.580.570.490.96-0.54-0.940.190.670.82-0.240.490.820.90.880.420.910.920.50.910.57-0.60.050.58
0.990.550.830.930.990.68-0.85-0.710.420.850.710.150.930.80.780.560.930.790.780.50.760.55-0.64-0.030.7
0.790.860.710.80.760.93-0.68-0.990.40.780.920.020.70.981.00.860.70.990.970.910.760.7-0.70.10.67
0.550.740.550.630.550.59-0.52-0.690.40.560.580.30.50.70.690.520.520.680.640.570.550.7-0.590.170.53
-0.67-0.71-0.65-0.68-0.66-0.670.710.74-0.28-0.74-0.72-0.1-0.63-0.67-0.72-0.59-0.58-0.74-0.72-0.6-0.64-0.7-0.590.01-0.9
0.030.09-0.430.210.010.01-0.1-0.10.780.070.220.510.020.090.110.440.050.070.090.05-0.030.10.170.01-0.01
0.740.680.730.760.710.67-0.68-0.720.30.710.690.050.710.640.690.580.590.710.710.580.70.670.53-0.9-0.01
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ANGLE Plc Account Relationship Matchups

ANGLE Plc fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets30.6M39.0M47.3M49.9M31.2M16.9M
Other Current Liab1.5M1.9M2.3M2.4M1.9M1.1M
Total Current Liabilities2.8M3.8M4.9M5.3M3.9M2.1M
Total Stockholder Equity26.6M34.3M40.3M40.1M22.9M14.3M
Property Plant And Equipment Net3.0M2.4M4.4M8.5M7.2M7.6M
Net Debt(2.2M)(10.7M)(29.5M)(26.9M)(11.7M)(11.1M)
Retained Earnings(57.6M)(69.1M)(83.8M)(103.7M)(122.3M)(116.2M)
Accounts Payable914K1.1M1.1M1.5M1.1M705.9K
Cash3.8M12.1M31.8M31.9M16.2M17.0M
Non Current Assets Total7.0M6.1M7.9M11.2M10.0M10.5M
Non Currrent Assets Other8.2M207.0K3.6M(1.0)(1.15)(1.09)
Cash And Short Term Investments3.8M28.6M31.8M31.9M16.2M9.4M
Common Stock Shares Outstanding163.9M178.0M225.1M246.6M260.5M273.5M
Liabilities And Stockholders Equity30.6M39.0M47.3M49.9M31.2M16.9M
Non Current Liabilities Total1.2M928K2.1M4.6M4.3M4.5M
Other Current Assets3.9M3.3M5.5M4.3M2.6M1.7M
Other Stockholder Equity67.3M81.5M99.4M115.8M115.9M121.7M
Total Liab4.0M4.7M7.0M9.8M8.2M8.7M
Total Current Assets23.6M32.9M39.4M38.6M21.2M12.4M
Common Stock17.3M21.5M23.5M26.1M30.0M31.5M
Accumulated Other Comprehensive Income(276K)513.0K1.3M1.9M3.3M3.5M
Net Receivables139K272K257K344K727K553.6K
Intangible Assets1.6M1.5M1.4M557K534K507.3K
Inventory788K742K1.7M2.1M1.7M912.6K
Net Tangible Assets22.8M30.8M36.8M37.3M42.9M45.1M
Other Assets3.0M1.0121K43K34K0.95
Deferred Long Term Liab207K121K43K34K30.6K29.1K
Property Plant Equipment3.0M2.4M4.4M8.5M9.7M10.2M
Capital Surpluse43.4M53.3M67.3M81.5M93.8M61.3M

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Other Information on Investing in ANGLE Stock

Balance Sheet is a snapshot of the financial position of ANGLE plc at a specified time, usually calculated after every quarter, six months, or one year. ANGLE Plc Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of ANGLE Plc 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 ANGLE currently owns. An asset can also be divided into two categories, current and non-current.