Allego Net Interest Income vs Research Development Analysis

ALLG Stock  USD 1.91  0.01  0.53%   
Allego financial indicator trend analysis is way more than just evaluating Allego Inc prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Allego Inc is a good investment. Please check the relationship between Allego Net Interest Income and its Research Development accounts. Check out Trending Equities to better understand how to build diversified portfolios. 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.

Net Interest Income vs Research Development

Net Interest Income vs Research Development Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Allego Inc Net Interest Income account and Research Development. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Allego's Net Interest Income and Research Development is 0.93. Overlapping area represents the amount of variation of Net Interest Income that can explain the historical movement of Research Development in the same time period over historical financial statements of Allego Inc, assuming nothing else is changed. The correlation between historical values of Allego's Net Interest Income and Research Development 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 Allego Inc are associated (or correlated) with its Research Development. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Research Development has no effect on the direction of Net Interest Income i.e., Allego's Net Interest Income and Research Development go up and down completely randomly.

Correlation Coefficient

0.93
Relationship DirectionPositive 
Relationship StrengthVery Strong

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.

Research Development

Most indicators from Allego's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Allego 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. 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.
At this time, Allego's Tax Provision is most likely to increase significantly in the upcoming years. The Allego's current Selling General Administrative is estimated to increase to about 177.8 M, while Issuance Of Capital Stock is projected to decrease to 0.00.
 2021 2022 2023 2024 (projected)
Interest Expense15.1M15.7M27.0M16.5M
Depreciation And Amortization12.2M26.6M31.9M19.4M

Allego fundamental ratios Correlations

0.970.860.98-0.420.890.550.94-0.930.990.920.910.010.960.90.94-0.330.970.890.870.680.910.980.990.970.89
0.970.80.95-0.620.870.670.99-0.920.940.860.89-0.011.00.870.97-0.311.00.90.830.790.851.00.960.960.82
0.860.80.88-0.380.980.370.78-0.960.880.760.980.050.780.710.76-0.680.80.961.00.510.980.820.830.80.98
0.980.950.88-0.410.880.540.93-0.920.990.860.90.040.930.850.92-0.290.950.890.880.690.90.970.960.940.88
-0.42-0.62-0.38-0.41-0.51-0.69-0.690.52-0.36-0.2-0.490.02-0.63-0.34-0.580.25-0.62-0.61-0.43-0.74-0.36-0.59-0.39-0.46-0.32
0.890.870.980.88-0.510.450.86-0.990.890.781.00.050.860.740.82-0.670.870.990.990.580.980.880.870.840.97
0.550.670.370.54-0.690.450.69-0.50.450.480.470.050.690.70.77-0.20.660.560.390.970.380.640.560.70.32
0.940.990.780.93-0.690.860.69-0.90.910.80.870.020.990.820.96-0.280.990.890.810.810.820.990.930.940.79
-0.93-0.92-0.96-0.920.52-0.99-0.5-0.9-0.93-0.84-1.0-0.05-0.91-0.8-0.880.61-0.92-0.99-0.98-0.62-0.98-0.93-0.92-0.9-0.97
0.990.940.880.99-0.360.890.450.91-0.930.90.91-0.010.930.850.89-0.310.940.880.890.610.920.960.970.940.91
0.920.860.760.86-0.20.780.480.8-0.840.90.82-0.110.860.960.86-0.390.850.770.770.550.850.860.960.940.84
0.910.890.980.9-0.491.00.470.87-1.00.910.820.040.880.790.85-0.660.890.990.990.590.990.90.90.870.98
0.01-0.010.050.040.020.050.050.02-0.05-0.01-0.110.04-0.01-0.120.13-0.06-0.010.010.030.020.060.00.0-0.020.07
0.961.00.780.93-0.630.860.690.99-0.910.930.860.88-0.010.880.97-0.311.00.890.820.790.840.990.960.960.81
0.90.870.710.85-0.340.740.70.82-0.80.850.960.79-0.120.880.91-0.370.870.770.720.730.790.870.930.970.76
0.940.970.760.92-0.580.820.770.96-0.880.890.860.850.130.970.91-0.330.970.860.780.850.820.970.950.980.78
-0.33-0.31-0.68-0.290.25-0.67-0.2-0.280.61-0.31-0.39-0.66-0.06-0.31-0.37-0.33-0.3-0.65-0.68-0.18-0.66-0.3-0.36-0.35-0.66
0.971.00.80.95-0.620.870.660.99-0.920.940.850.89-0.011.00.870.97-0.30.90.830.780.851.00.960.960.83
0.890.90.960.89-0.610.990.560.89-0.990.880.770.990.010.890.770.86-0.650.90.970.680.950.90.870.860.94
0.870.831.00.88-0.430.990.390.81-0.980.890.770.990.030.820.720.78-0.680.830.970.530.990.850.850.820.98
0.680.790.510.69-0.740.580.970.81-0.620.610.550.590.020.790.730.85-0.180.780.680.530.50.770.660.780.45
0.910.850.980.9-0.360.980.380.82-0.980.920.850.990.060.840.790.82-0.660.850.950.990.50.870.90.861.0
0.981.00.820.97-0.590.880.640.99-0.930.960.860.90.00.990.870.97-0.31.00.90.850.770.870.970.970.84
0.990.960.830.96-0.390.870.560.93-0.920.970.960.90.00.960.930.95-0.360.960.870.850.660.90.970.980.89
0.970.960.80.94-0.460.840.70.94-0.90.940.940.87-0.020.960.970.98-0.350.960.860.820.780.860.970.980.83
0.890.820.980.88-0.320.970.320.79-0.970.910.840.980.070.810.760.78-0.660.830.940.980.451.00.840.890.83
Click cells to compare fundamentals

Allego Account Relationship Matchups

Allego fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets117.4M121.7M219.5M436.4M482.3M262.6M
Short Long Term Debt Total129.0M173.5M244.9M319.5M434.2M244.6M
Other Current Liab10.9M5.6M16.5M43.0M55.8M58.6M
Total Current Liabilities27.1M23.5M56.7M91.4M119.1M62.6M
Total Stockholder Equity(37.6M)(73.7M)(76.7M)26.9M(79.7M)(75.7M)
Property Plant And Equipment Net47.0M54.1M71.9M182.0M253.4M266.1M
Current Deferred Revenue5.3M7.3M21.2M7.9M9.8M10.1M
Net Debt107.8M165.2M219.0M236.7M389.6M210.9M
Retained Earnings(79.1M)(114.5M)(142.8M)(363.1M)(461.2M)(438.1M)
Accounts Payable9.5M7.4M13.1M31.9M37.8M19.3M
Cash21.3M8.3M25.9M82.8M44.6M33.7M
Non Current Assets Total66.3M75.2M100.4M269.4M327.9M344.3M
Non Currrent Assets Other(52.2M)16.3M4.1K(69.1K)(79.5K)(83.4K)
Long Term Debt114.5M159.6M213.1M269.0M350.7M208.5M
Cash And Short Term Investments24.9M8.3M55.1M83.4M46.4M40.2M
Net Receivables12.9M25.1M40.8M44.2M47.2M33.1M
Liabilities And Stockholders Equity117.4M121.7M219.5M436.4M482.3M262.6M
Non Current Liabilities Total127.9M171.9M239.5M317.3M442.5M244.1M
Capital Lease Obligations14.6M13.9M31.6M51.3M83.5M87.7M
Inventory7.3M4.9M9.2M25.9M34.1M35.8M
Other Current Assets6.0M8.1M44.3M11.7M28.5M18.3M
Other Stockholder Equity36.9M40.8M66.2M365.9M374.0M392.7M
Total Liab155.0M195.4M296.2M408.8M561.6M306.7M
Net Invested Capital76.9M85.9M136.5M296.0M271.0M164.3M
Total Current Assets51.2M46.4M119.1M167.0M154.4M102.0M
Accumulated Other Comprehensive Income4.6M3.8M4.2M(6.8M)(23.1M)(22.0M)
Net Working Capital24.0M22.9M62.3M75.8M35.3M39.5M
Short Term Debt1.5M1.8M5.5M7.3M11.9M12.5M
Intangible Assets5.0M4.0M8.3M13.9M10.3M8.2M

Currently Active Assets on Macroaxis

When determining whether Allego Inc is a strong investment it is important to analyze Allego's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Allego's future performance. For an informed investment choice regarding Allego Stock, refer to the following important reports:
Check out Trending Equities to better understand how to build diversified portfolios. 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.
You can also try the Top Crypto Exchanges module to search and analyze digital assets across top global cryptocurrency exchanges.
Is Automotive Parts & Equipment space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Allego. If investors know Allego will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Allego listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
(0.46)
Revenue Per Share
0.542
Quarterly Revenue Growth
(0.20)
Return On Assets
(0.09)
Return On Equity
(7.60)
The market value of Allego Inc is measured differently than its book value, which is the value of Allego that is recorded on the company's balance sheet. Investors also form their own opinion of Allego's value that differs from its market value or its book value, called intrinsic value, which is Allego's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Allego's market value can be influenced by many factors that don't directly affect Allego's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Allego's value and its price as these two are different measures arrived at by different means. Investors typically determine if Allego is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Allego's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.