Belmont Net Income 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 Net Income 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.

Net Income vs Income Tax Expense

Net Income 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 Net Income account and Income Tax Expense. At this time, the significance of the direction appears to have no relationship.

The correlation between Belmont Resources' Net Income and Income Tax Expense is 0.01. Overlapping area represents the amount of variation of Net Income 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' Net Income 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 Net Income 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 Net Income i.e., Belmont Resources' Net Income and Income Tax Expense go up and down completely randomly.

Correlation Coefficient

0.01

Relationship Direction	Positive
Relationship Strength	Insignificant

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Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in Belmont Resources financial statement analysis. It represents the amount of money remaining after all of Belmont Resources operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

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

	Total Assets	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Other Current Liab	Non Currrent Assets Other	Short Term Investments	Short Long Term Debt Total	Short Term Debt	Inventory	Net Tangible Assets	Other Assets	Long Term Investments	Common Stock
Total Assets		0.16	0.99	0.83	-0.75	0.38	0.23	0.77	0.95	0.69	0.17	0.32	0.05	0.03	0.12	0.73	0.77	0.61	0.82	-0.47	-0.47	0.65	0.53	0.29	0.18	0.29
Total Current Liabilities	0.16		0.06	-0.22	0.1	-0.76	0.86	-0.09	0.31	0.17	-0.11	0.85	0.06	-0.71	0.99	0.01	0.67	0.49	-0.25	0.46	0.46	-0.47	0.68	0.26	0.88	0.88
Total Stockholder Equity	0.99	0.06		0.86	-0.79	0.47	0.15	0.8	0.95	0.71	0.19	0.25	0.04	0.12	0.01	0.75	0.72	0.6	0.86	-0.52	-0.52	0.7	0.48	0.27	0.09	0.2
Property Plant And Equipment Net	0.83	-0.22	0.86		-0.63	0.63	-0.18	0.67	0.73	0.5	0.17	-0.1	0.04	0.15	-0.25	0.6	0.49	0.17	0.88	-0.76	-0.76	0.9	0.13	0.2	-0.09	-0.05
Net Debt	-0.75	0.1	-0.79	-0.63		-0.41	0.11	-0.99	-0.67	-0.92	-0.48	-0.15	0.12	-0.31	0.16	-0.97	-0.42	-0.39	-0.61	0.34	0.34	-0.5	-0.47	-0.27	0.06	-0.06
Retained Earnings	0.38	-0.76	0.47	0.63	-0.41		-0.49	0.43	0.27	0.16	0.01	-0.69	-0.12	0.62	-0.76	0.27	-0.09	0.02	0.78	-0.82	-0.82	0.87	-0.49	-0.22	-0.75	-0.76
Accounts Payable	0.23	0.86	0.15	-0.18	0.11	-0.49		-0.09	0.41	0.08	-0.19	0.64	0.15	-0.53	0.86	-0.1	0.65	0.69	-0.04	0.27	0.27	-0.29	0.51	0.29	0.73	0.65
Cash	0.77	-0.09	0.8	0.67	-0.99	0.43	-0.09		0.68	0.91	0.46	0.11	-0.15	0.28	-0.14	0.96	0.45	0.37	0.64	-0.4	-0.4	0.54	0.43	0.25	-0.05	0.05
Non Current Assets Total	0.95	0.31	0.95	0.73	-0.67	0.27	0.41	0.68		0.69	0.09	0.45	0.07	-0.05	0.27	0.64	0.86	0.77	0.77	-0.4	-0.4	0.56	0.6	0.28	0.28	0.36
Cash And Short Term Investments	0.69	0.17	0.71	0.5	-0.92	0.16	0.08	0.91	0.69		0.34	0.4	-0.14	0.15	0.12	0.95	0.56	0.5	0.47	-0.17	-0.17	0.31	0.65	0.21	0.14	0.26
Net Receivables	0.17	-0.11	0.19	0.17	-0.48	0.01	-0.19	0.46	0.09	0.34		0.02	-0.24	0.27	-0.15	0.43	-0.05	-0.09	0.01	0.04	0.04	0.05	0.27	0.38	0.0	0.07
Common Stock Shares Outstanding	0.32	0.85	0.25	-0.1	-0.15	-0.69	0.64	0.11	0.45	0.4	0.02		0.03	-0.5	0.81	0.25	0.65	0.57	-0.18	0.51	0.51	-0.43	0.89	0.22	0.75	0.91
Other Current Assets	0.05	0.06	0.04	0.04	0.12	-0.12	0.15	-0.15	0.07	-0.14	-0.24	0.03		-0.3	0.06	-0.11	0.07	0.03	0.02	0.07	0.07	0.02	0.06	0.43	0.29	0.19
Other Stockholder Equity	0.03	-0.71	0.12	0.15	-0.31	0.62	-0.53	0.28	-0.05	0.15	0.27	-0.5	-0.3		-0.75	0.22	-0.48	-0.11	0.22	-0.23	-0.23	0.29	-0.23	-0.12	-0.7	-0.66
Total Liab	0.12	0.99	0.01	-0.25	0.16	-0.76	0.86	-0.14	0.27	0.12	-0.15	0.81	0.06	-0.75		-0.04	0.65	0.46	-0.27	0.43	0.43	-0.48	0.62	0.18	0.87	0.86
Total Current Assets	0.73	0.01	0.75	0.6	-0.97	0.27	-0.1	0.96	0.64	0.95	0.43	0.25	-0.11	0.22	-0.04		0.46	0.33	0.52	-0.25	-0.25	0.41	0.55	0.25	0.05	0.19
Other Current Liab	0.77	0.67	0.72	0.49	-0.42	-0.09	0.65	0.45	0.86	0.56	-0.05	0.65	0.07	-0.48	0.65	0.46		0.75	0.53	-0.21	-0.21	0.29	0.63	0.17	0.57	0.62
Non Currrent Assets Other	0.61	0.49	0.6	0.17	-0.39	0.02	0.69	0.37	0.77	0.5	-0.09	0.57	0.03	-0.11	0.46	0.33	0.75		0.45	-0.03	-0.03	0.12	0.56	0.06	0.27	0.35
Short Term Investments	0.82	-0.25	0.86	0.88	-0.61	0.78	-0.04	0.64	0.77	0.47	0.01	-0.18	0.02	0.22	-0.27	0.52	0.53	0.45		-0.81	-0.81	0.94	-0.01	0.0	-0.26	-0.24
Short Long Term Debt Total	-0.47	0.46	-0.52	-0.76	0.34	-0.82	0.27	-0.4	-0.4	-0.17	0.04	0.51	0.07	-0.23	0.43	-0.25	-0.21	-0.03	-0.81		1.0	-0.9	0.38	0.26	0.34	0.49
Short Term Debt	-0.47	0.46	-0.52	-0.76	0.34	-0.82	0.27	-0.4	-0.4	-0.17	0.04	0.51	0.07	-0.23	0.43	-0.25	-0.21	-0.03	-0.81	1.0		-0.9	0.38	0.26	0.34	0.49
Inventory	0.65	-0.47	0.7	0.9	-0.5	0.87	-0.29	0.54	0.56	0.31	0.05	-0.43	0.02	0.29	-0.48	0.41	0.29	0.12	0.94	-0.9	-0.9		-0.25	-0.02	-0.41	-0.43
Net Tangible Assets	0.53	0.68	0.48	0.13	-0.47	-0.49	0.51	0.43	0.6	0.65	0.27	0.89	0.06	-0.23	0.62	0.55	0.63	0.56	-0.01	0.38	0.38	-0.25		0.46	0.69	0.82
Other Assets	0.29	0.26	0.27	0.2	-0.27	-0.22	0.29	0.25	0.28	0.21	0.38	0.22	0.43	-0.12	0.18	0.25	0.17	0.06	0.0	0.26	0.26	-0.02	0.46		0.44	0.41
Long Term Investments	0.18	0.88	0.09	-0.09	0.06	-0.75	0.73	-0.05	0.28	0.14	0.0	0.75	0.29	-0.7	0.87	0.05	0.57	0.27	-0.26	0.34	0.34	-0.41	0.69	0.44		0.9
Common Stock	0.29	0.88	0.2	-0.05	-0.06	-0.76	0.65	0.05	0.36	0.26	0.07	0.91	0.19	-0.66	0.86	0.19	0.62	0.35	-0.24	0.49	0.49	-0.43	0.82	0.41	0.9

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Belmont Resources Account Relationship Matchups

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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