Alight Income Quality vs Interest Coverage Analysis

ALIT Stock

USD 8.09 0.11 1.38%

Alight financial indicator trend analysis is way more than just evaluating Alight Inc prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Alight Inc is a good investment. Please check the relationship between Alight Income Quality and its Interest Coverage accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Alight Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

Income Quality vs Interest Coverage

Income Quality vs Interest Coverage Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Alight Inc Income Quality account and Interest Coverage. At this time, the significance of the direction appears to have weak relationship.

The correlation between Alight's Income Quality and Interest Coverage is 0.35. Overlapping area represents the amount of variation of Income Quality that can explain the historical movement of Interest Coverage in the same time period over historical financial statements of Alight Inc, assuming nothing else is changed. The correlation between historical values of Alight's Income Quality and Interest Coverage 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 Quality of Alight Inc are associated (or correlated) with its Interest Coverage. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Interest Coverage has no effect on the direction of Income Quality i.e., Alight's Income Quality and Interest Coverage go up and down completely randomly.

Correlation Coefficient

0.35

Relationship Direction	Positive
Relationship Strength	Very Weak

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Income Quality

An assessment of the sustainability of a company's earnings over time, considering factors like revenue source diversification and cost structure.

Interest Coverage

Most indicators from Alight's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Alight Inc 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 Alight Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

At this time, Alight's Tax Provision is comparatively stable compared to the past year. Enterprise Value Over EBITDA is likely to gain to 38.02 in 2024, whereas Selling General Administrative is likely to drop slightly above 605 M in 2024.

	2021	2022	2023	2024 (projected)
Interest Expense	180M	122M	131M	146.5M
Depreciation And Amortization	354M	395M	421M	361.2M

Interest Expense Depreciation And Amortization

Alight fundamental ratios Correlations

	Common Stock Shares Outstanding	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Long Term Debt	Cash And Short Term Investments	Net Receivables	Good Will	Non Current Liabilities Total	Capital Lease Obligations	Inventory	Other Current Assets	Other Stockholder Equity
Common Stock Shares Outstanding		0.21	-0.37	0.01	0.05	0.28	-0.31	-0.96	-0.32	0.25	-0.26	-0.06	0.26	-0.66	0.28	0.21	-0.47	-0.38	-0.66	0.47	0.24	-0.39	-0.37	-0.24	-0.14	0.15
Total Assets	0.21		-0.97	0.98	0.98	0.99	0.85	-0.03	-0.73	-0.88	-0.99	-0.74	0.77	0.5	0.99	0.75	-0.47	-0.96	0.5	0.1	1.0	-0.79	-0.82	-0.17	0.94	0.99
Short Long Term Debt Total	-0.37	-0.97		-0.92	-0.93	-0.96	-0.74	0.2	0.78	0.8	0.99	0.75	-0.8	-0.37	-0.97	-0.8	0.59	1.0	-0.37	-0.21	-0.98	0.9	0.85	0.28	-0.85	-0.94
Other Current Liab	0.01	0.98	-0.92		1.0	0.96	0.93	0.18	-0.64	-0.95	-0.96	-0.77	0.77	0.64	0.95	0.75	-0.41	-0.91	0.64	0.07	0.97	-0.74	-0.79	-0.16	0.99	0.98
Total Current Liabilities	0.05	0.98	-0.93	1.0		0.96	0.9	0.14	-0.66	-0.94	-0.96	-0.77	0.82	0.59	0.95	0.76	-0.44	-0.93	0.59	0.11	0.97	-0.78	-0.81	-0.17	0.98	0.98
Total Stockholder Equity	0.28	0.99	-0.96	0.96	0.96		0.81	-0.09	-0.69	-0.83	-0.98	-0.72	0.75	0.43	0.99	0.74	-0.49	-0.96	0.43	0.17	0.99	-0.76	-0.84	-0.18	0.91	0.99
Other Liab	-0.31	0.85	-0.74	0.93	0.9	0.81		0.47	-0.52	-0.97	-0.82	-0.71	0.51	0.87	0.82	0.65	-0.26	-0.73	0.87	-0.15	0.83	-0.54	-0.59	-0.11	0.96	0.88
Net Tangible Assets	-0.96	-0.03	0.2	0.18	0.14	-0.09	0.47		0.33	-0.42	0.08	-0.19	-0.08	0.77	-0.08	0.02	0.26	0.2	0.77	-0.27	-0.07	0.24	0.12	0.07	0.32	0.04
Property Plant And Equipment Net	-0.32	-0.73	0.78	-0.64	-0.66	-0.69	-0.52	0.33		0.57	0.76	0.27	-0.5	-0.22	-0.65	-0.36	0.15	0.75	-0.22	0.34	-0.74	0.7	0.33	-0.13	-0.59	-0.64
Current Deferred Revenue	0.25	-0.88	0.8	-0.95	-0.94	-0.83	-0.97	-0.42	0.57		0.87	0.78	-0.67	-0.82	-0.83	-0.73	0.35	0.8	-0.82	0.04	-0.86	0.69	0.67	0.18	-0.97	-0.89
Net Debt	-0.26	-0.99	0.99	-0.96	-0.96	-0.98	-0.82	0.08	0.76	0.87		0.78	-0.76	-0.49	-0.98	-0.81	0.56	0.99	-0.49	-0.14	-0.99	0.86	0.83	0.27	-0.9	-0.97
Retained Earnings	-0.06	-0.74	0.75	-0.77	-0.77	-0.72	-0.71	-0.19	0.27	0.78	0.78		-0.64	-0.59	-0.79	-0.98	0.84	0.79	-0.59	-0.51	-0.73	0.79	0.89	0.73	-0.73	-0.76
Accounts Payable	0.26	0.77	-0.8	0.77	0.82	0.75	0.51	-0.08	-0.5	-0.67	-0.76	-0.64		0.16	0.73	0.64	-0.47	-0.8	0.16	0.42	0.76	-0.8	-0.8	-0.17	0.71	0.73
Cash	-0.66	0.5	-0.37	0.64	0.59	0.43	0.87	0.77	-0.22	-0.82	-0.49	-0.59	0.16		0.47	0.49	-0.13	-0.37	1.0	-0.29	0.47	-0.27	-0.28	-0.17	0.72	0.55
Non Current Assets Total	0.28	0.99	-0.97	0.95	0.95	0.99	0.82	-0.08	-0.65	-0.83	-0.98	-0.79	0.73	0.47		0.8	-0.57	-0.96	0.47	0.22	0.99	-0.78	-0.88	-0.28	0.9	0.99
Non Currrent Assets Other	0.21	0.75	-0.8	0.75	0.76	0.74	0.65	0.02	-0.36	-0.73	-0.81	-0.98	0.64	0.49	0.8		-0.9	-0.84	0.49	0.53	0.75	-0.86	-0.9	-0.77	0.68	0.75
Other Assets	-0.47	-0.47	0.59	-0.41	-0.44	-0.49	-0.26	0.26	0.15	0.35	0.56	0.84	-0.47	-0.13	-0.57	-0.9		0.64	-0.13	-0.76	-0.48	0.75	0.81	0.92	-0.31	-0.47
Long Term Debt	-0.38	-0.96	1.0	-0.91	-0.93	-0.96	-0.73	0.2	0.75	0.8	0.99	0.79	-0.8	-0.37	-0.96	-0.84	0.64		-0.37	-0.25	-0.97	0.91	0.87	0.34	-0.83	-0.93
Cash And Short Term Investments	-0.66	0.5	-0.37	0.64	0.59	0.43	0.87	0.77	-0.22	-0.82	-0.49	-0.59	0.16	1.0	0.47	0.49	-0.13	-0.37		-0.29	0.47	-0.27	-0.28	-0.17	0.72	0.55
Net Receivables	0.47	0.1	-0.21	0.07	0.11	0.17	-0.15	-0.27	0.34	0.04	-0.14	-0.51	0.42	-0.29	0.22	0.53	-0.76	-0.25	-0.29		0.11	-0.35	-0.65	-0.71	-0.02	0.13
Good Will	0.24	1.0	-0.98	0.97	0.97	0.99	0.83	-0.07	-0.74	-0.86	-0.99	-0.73	0.76	0.47	0.99	0.75	-0.48	-0.97	0.47	0.11		-0.8	-0.82	-0.17	0.92	0.99
Non Current Liabilities Total	-0.39	-0.79	0.9	-0.74	-0.78	-0.76	-0.54	0.24	0.7	0.69	0.86	0.79	-0.8	-0.27	-0.78	-0.86	0.75	0.91	-0.27	-0.35	-0.8		0.79	0.51	-0.65	-0.73
Capital Lease Obligations	-0.37	-0.82	0.85	-0.79	-0.81	-0.84	-0.59	0.12	0.33	0.67	0.83	0.89	-0.8	-0.28	-0.88	-0.9	0.81	0.87	-0.28	-0.65	-0.82	0.79		0.57	-0.72	-0.83
Inventory	-0.24	-0.17	0.28	-0.16	-0.17	-0.18	-0.11	0.07	-0.13	0.18	0.27	0.73	-0.17	-0.17	-0.28	-0.77	0.92	0.34	-0.17	-0.71	-0.17	0.51	0.57		-0.08	-0.19
Other Current Assets	-0.14	0.94	-0.85	0.99	0.98	0.91	0.96	0.32	-0.59	-0.97	-0.9	-0.73	0.71	0.72	0.9	0.68	-0.31	-0.83	0.72	-0.02	0.92	-0.65	-0.72	-0.08		0.95
Other Stockholder Equity	0.15	0.99	-0.94	0.98	0.98	0.99	0.88	0.04	-0.64	-0.89	-0.97	-0.76	0.73	0.55	0.99	0.75	-0.47	-0.93	0.55	0.13	0.99	-0.73	-0.83	-0.19	0.95

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Alight Income Quality vs Interest Coverage Analysis

Income Quality vs Interest Coverage

Income Quality vs Interest Coverage Correlation Analysis

Correlation Coefficient

Income Quality

Interest Coverage

Alight fundamental ratios Correlations

Alight Account Relationship Matchups

High Positive Relationship

High Negative Relationship

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Good Will	+ 1.0	Total Assets
Long Term Debt	+ 1.0	Short Long Term Debt Total
Total Current Liabilities	+ 1.0	Other Current Liab
Cash And Short Term Investments	+ 1.0	Cash
Total Stockholder Equity	+ 0.99	Total Assets
Non Current Assets Total	+ 0.99	Total Assets

Good Will	- 0.99	Net Debt
Net Debt	- 0.99	Total Assets
Non Currrent Assets Other	- 0.98	Retained Earnings
Non Current Assets Total	- 0.98	Net Debt
Net Debt	- 0.98	Total Stockholder Equity
Good Will	- 0.98	Short Long Term Debt Total