ALBERTDAVD | | | 1,484 22.55 1.50% |
Albert David financial indicator trend analysis is way more than just evaluating Albert David Limited prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Albert David Limited is a good investment. Please check the relationship between Albert David 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 Albert David Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in metropolitan statistical area.
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
Albert David Limited Interest Income account and
Depreciation And Amortization. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Albert David's Interest Income and Depreciation And Amortization is -0.31. 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 Albert David Limited, assuming nothing else is changed. The correlation between historical values of Albert David'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 Albert David Limited 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., Albert David's Interest Income and Depreciation And Amortization go up and down completely randomly.
Correlation Coefficient | -0.31 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
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 Albert David's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Albert David Limited 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 Albert David Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in metropolitan statistical area.
At present, Albert David's
Discontinued Operations is projected to increase significantly based on the last few years of reporting.
| 2021 | 2022 | 2023 | 2024 (projected) |
Interest Expense | 3.9M | 4.6M | 4.3M | 4.1M | Depreciation And Amortization | 88.1M | 85.5M | 68.3M | 71.8M |
Albert David fundamental ratios Correlations
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Albert David Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Albert David fundamental ratios Accounts
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Other Information on Investing in Albert Stock
Balance Sheet is a snapshot of the
financial position of Albert David Limited at a specified time, usually calculated after every quarter, six months, or one year. Albert David Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Albert David 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 Albert currently owns. An asset can also be divided into two categories, current and non-current.