Belmont Interest Expense vs Income Tax Expense Analysis
BEA Stock | CAD 0.03 0.01 25.00% |
Belmont Resources financial indicator trend analysis is way more than just evaluating Belmont Resources prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Belmont Resources is a good investment. Please check the relationship between Belmont Resources Interest Expense and its Income Tax Expense accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Belmont Resources. 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.
Interest Expense vs Income Tax Expense
Interest Expense vs Income Tax Expense Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Belmont Resources Interest Expense account and Income Tax Expense. At this time, the significance of the direction appears to have no relationship.
The correlation between Belmont Resources' Interest Expense and Income Tax Expense is 0.05. Overlapping area represents the amount of variation of Interest Expense that can explain the historical movement of Income Tax Expense in the same time period over historical financial statements of Belmont Resources, assuming nothing else is changed. The correlation between historical values of Belmont Resources' Interest Expense and Income Tax Expense 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 Expense of Belmont Resources are associated (or correlated) with its Income Tax Expense. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Income Tax Expense has no effect on the direction of Interest Expense i.e., Belmont Resources' Interest Expense and Income Tax Expense go up and down completely randomly.
Correlation Coefficient | 0.05 |
Relationship Direction | Positive |
Relationship Strength | Insignificant |
Interest Expense
The cost incurred by an entity for borrowed funds, including loans, bonds, or lines of credit.Income Tax Expense
Most indicators from Belmont Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Belmont Resources 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 Belmont Resources. 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. At this time, Belmont Resources' Issuance Of Capital Stock is fairly stable compared to the past year. Enterprise Value is likely to climb to about 2.8 M in 2024, whereas Selling General Administrative is likely to drop slightly above 466.3 K in 2024.
Belmont Resources fundamental ratios Correlations
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Belmont Resources Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Belmont Resources fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 1.4M | 2.2M | 2.7M | 2.7M | 3.3M | 1.9M | |
Total Current Liabilities | 491.8K | 341.9K | 447.6K | 346.4K | 621.1K | 652.1K | |
Total Stockholder Equity | 932.3K | 1.9M | 2.2M | 2.3M | 2.7M | 1.7M | |
Property Plant And Equipment Net | 1.2M | 1.5M | 1.9M | 2.3M | 10.7K | 10.2K | |
Net Debt | 76.3K | (441.6K) | (379.5K) | (145.2K) | (223.2K) | (234.4K) | |
Retained Earnings | (23.1M) | (23.7M) | (24.0M) | (24.6M) | (25.1M) | (26.4M) | |
Accounts Payable | 127.9K | 64.6K | 33.3K | 38.3K | 160.3K | 168.3K | |
Cash | 15.1K | 441.6K | 379.5K | 145.2K | 223.2K | 219.7K | |
Non Current Assets Total | 1.4M | 1.7M | 2.0M | 2.4M | 3.0M | 3.1M | |
Cash And Short Term Investments | 17.2K | 445.6K | 619.1K | 260.4K | 301.7K | 572.3K | |
Net Receivables | 2.4K | 42.8K | 12.7K | 5.5K | 6.8K | 6.5K | |
Common Stock Shares Outstanding | 14.2M | 30.9M | 47.7M | 63.9M | 72.1M | 75.7M | |
Liabilities And Stockholders Equity | 1.4M | 2.2M | 2.7M | 2.7M | 3.3M | 1.9M | |
Other Current Assets | 2.4K | 1.9K | 8.0K | 5.5K | 8.6K | 8.2K | |
Other Stockholder Equity | 1.3M | 1.4M | 1.6M | 1.6M | 1.5M | 1.4M | |
Total Liab | 491.8K | 341.9K | 447.6K | 346.4K | 621.1K | 652.1K | |
Total Current Assets | 22.0K | 490.3K | 639.9K | 271.4K | 317.2K | 301.3K | |
Other Current Liab | 272.5K | 277.4K | 414.4K | 308.1K | 460.8K | 483.8K | |
Short Term Investments | 2.2K | 4.0K | 239.6K | 115.2K | 78.5K | 74.6K | |
Accumulated Other Comprehensive Income | 1.4M | 1.6M | 1.6M | 1.5M | 1.6M | 1.6M | |
Net Tangible Assets | 1.0M | 932.3K | 1.9M | 2.2M | 2.6M | 2.7M | |
Other Assets | 203.1K | 185.9K | 193.6K | 98.0K | 112.6K | 108.3K | |
Common Stock | 22.6M | 24.0M | 24.6M | 25.4M | 26.2M | 24.2M | |
Property Plant Equipment | 949.9K | 1.2M | 1.5M | 1.9M | 2.2M | 2.3M | |
Net Invested Capital | 1.0M | 1.9M | 2.2M | 2.3M | 2.7M | 1.8M | |
Net Working Capital | (469.8K) | 148.4K | 192.3K | (75.0K) | (303.9K) | (288.7K) | |
Capital Stock | 22.6M | 24.0M | 24.6M | 25.4M | 26.2M | 26.6M |
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