Bank Tax Provision vs Net Interest Income Analysis

BGEO Stock   4,580  55.00  1.19%   
Bank of Georgia financial indicator trend analysis is way more than just evaluating Bank of Georgia prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Bank of Georgia is a good investment. Please check the relationship between Bank of Georgia Tax Provision and its Net Interest Income accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Bank of Georgia. 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.

Tax Provision vs Net Interest Income

Tax Provision vs Net Interest Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Bank of Georgia Tax Provision account and Net Interest Income. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Bank of Georgia's Tax Provision and Net Interest Income is 0.8. Overlapping area represents the amount of variation of Tax Provision that can explain the historical movement of Net Interest Income in the same time period over historical financial statements of Bank of Georgia, assuming nothing else is changed. The correlation between historical values of Bank of Georgia's Tax Provision and Net Interest Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Tax Provision of Bank of Georgia are associated (or correlated) with its Net Interest Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Interest Income has no effect on the direction of Tax Provision i.e., Bank of Georgia's Tax Provision and Net Interest Income go up and down completely randomly.

Correlation Coefficient

0.8
Relationship DirectionPositive 
Relationship StrengthStrong

Tax Provision

The amount set aside by a company to cover any estimated taxes for the current period. It reflects the company's expected tax liabilities.

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.
Most indicators from Bank of Georgia's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Bank of Georgia 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 Bank of Georgia. 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.
Tax Provision is likely to gain to about 271.9 M in 2024, whereas Selling General Administrative is likely to drop slightly above 84.3 M in 2024.
 2021 2022 2023 2024 (projected)
Interest Expense897.1M1.1B1.1B1.2B
Depreciation And Amortization93.6M111.1M124.7M131.0M

Bank of Georgia fundamental ratios Correlations

0.970.14-0.480.970.750.560.10.75-0.520.240.621.00.30.740.67-0.680.95-0.490.70.88-0.49-0.060.180.810.64
0.970.23-0.60.920.830.66-0.060.65-0.60.080.510.960.410.640.55-0.790.99-0.490.760.78-0.490.080.250.70.75
0.140.230.180.20.03-0.060.120.240.020.11-0.120.120.930.250.38-0.040.25-0.470.07-0.03-0.470.450.920.170.26
-0.48-0.60.18-0.37-0.89-0.930.760.080.750.47-0.09-0.46-0.090.080.310.85-0.62-0.07-0.82-0.27-0.07-0.020.05-0.04-0.8
0.970.920.2-0.370.610.390.240.87-0.410.230.610.970.320.870.75-0.550.9-0.510.540.86-0.51-0.050.220.820.57
0.750.830.03-0.890.610.97-0.590.16-0.81-0.210.280.730.290.150.07-0.910.84-0.210.970.5-0.21-0.070.120.390.87
0.560.66-0.06-0.930.390.97-0.77-0.09-0.82-0.310.130.540.21-0.1-0.16-0.880.67-0.080.960.31-0.07-0.10.040.190.82
0.1-0.060.120.760.24-0.59-0.770.660.590.620.340.12-0.080.650.710.53-0.11-0.27-0.590.31-0.270.030.030.4-0.54
0.750.650.240.080.870.16-0.090.660.060.410.60.760.261.00.89-0.140.61-0.50.090.81-0.50.010.210.830.19
-0.52-0.60.020.75-0.41-0.81-0.820.590.060.27-0.09-0.5-0.050.060.080.7-0.610.11-0.79-0.130.10.16-0.06-0.05-0.71
0.240.080.110.470.23-0.21-0.310.620.410.270.240.260.030.380.610.230.04-0.23-0.070.38-0.23-0.050.10.53-0.4
0.620.51-0.12-0.090.610.280.130.340.6-0.090.240.63-0.030.580.55-0.270.41-0.050.290.67-0.05-0.27-0.050.60.17
1.00.960.12-0.460.970.730.540.120.76-0.50.260.630.280.750.69-0.660.93-0.480.690.89-0.48-0.090.160.820.62
0.30.410.93-0.090.320.290.21-0.080.26-0.050.03-0.030.280.270.34-0.30.43-0.470.320.16-0.470.430.870.310.47
0.740.640.250.080.870.15-0.10.651.00.060.380.580.750.270.88-0.130.61-0.50.070.79-0.50.030.220.80.2
0.670.550.380.310.750.07-0.160.710.890.080.610.550.690.340.88-0.010.5-0.610.090.72-0.61-0.110.30.870.07
-0.68-0.79-0.040.85-0.55-0.91-0.880.53-0.140.70.23-0.27-0.66-0.3-0.13-0.01-0.810.33-0.86-0.440.33-0.24-0.05-0.31-0.74
0.950.990.25-0.620.90.840.67-0.110.61-0.610.040.410.930.430.610.5-0.81-0.520.760.75-0.520.140.260.660.77
-0.49-0.49-0.47-0.07-0.51-0.21-0.08-0.27-0.50.11-0.23-0.05-0.48-0.47-0.5-0.610.33-0.52-0.18-0.371.0-0.33-0.22-0.58-0.14
0.70.760.07-0.820.540.970.96-0.590.09-0.79-0.070.290.690.320.070.09-0.860.76-0.180.47-0.18-0.140.170.40.81
0.880.78-0.03-0.270.860.50.310.310.81-0.130.380.670.890.160.790.72-0.440.75-0.370.47-0.37-0.130.040.880.41
-0.49-0.49-0.47-0.07-0.51-0.21-0.07-0.27-0.50.1-0.23-0.05-0.48-0.47-0.5-0.610.33-0.521.0-0.18-0.37-0.33-0.22-0.58-0.14
-0.060.080.45-0.02-0.05-0.07-0.10.030.010.16-0.05-0.27-0.090.430.03-0.11-0.240.14-0.33-0.14-0.13-0.330.32-0.190.0
0.180.250.920.050.220.120.040.030.21-0.060.1-0.050.160.870.220.3-0.050.26-0.220.170.04-0.220.320.110.42
0.810.70.17-0.040.820.390.190.40.83-0.050.530.60.820.310.80.87-0.310.66-0.580.40.88-0.58-0.190.110.24
0.640.750.26-0.80.570.870.82-0.540.19-0.71-0.40.170.620.470.20.07-0.740.77-0.140.810.41-0.140.00.420.24
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Bank of Georgia Account Relationship Matchups

Bank of Georgia fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets18.6B22.0B23.4B28.9B31.8B33.3B
Total Stockholder Equity2.1B2.5B3.1B4.2B5.0B5.2B
Property Plant And Equipment Net475.9M471.1M459.0M516.2M575.7M518.8M
Net Debt2.4B1.0B2.5B9.2M(4.8B)(4.6B)
Cash3.8B4.0B3.5B6.0B4.8B5.1B
Non Current Assets Total2.4B3.2B3.2B5.0B28.7B30.1B
Non Currrent Assets Other(2.4B)(3.2B)(3.2B)(5.0B)22.7B23.8B
Other Assets12.4B14.9B16.7B17.4B(5.2B)(4.9B)
Cash And Short Term Investments3.8B4.0B3.5B6.0B3.1B2.2B
Liabilities And Stockholders Equity18.6B22.0B23.4B28.9B31.8B33.3B
Other Current Assets12.3B14.6B16.7B(176.8M)(203.3M)(193.2M)
Other Stockholder Equity477.0M526.6M492.2M506.2M464.9M385.0M
Total Liab16.4B19.5B20.3B24.7B26.7B28.1B
Property Plant And Equipment Gross475.9M471.1M459.0M516.2M1.1B546.4M
Total Current Assets3.8B4.0B3.5B6.4B3.1B2.2B
Short Long Term Debt Total6.1B5.0B5.9B6.0B3.5B3.4B
Other Current Liab(37.9M)(62.4M)(110.9M)(99.5M)(309.2M)(293.7M)
Retained Earnings1.7B1.9B2.6B3.8B4.5B4.7B
Non Current Liabilities Total6.1B5.0B5.9B35.2M23.9B25.1B
Accumulated Other Comprehensive Income(7.5M)71.2M(3.2M)14.6M21.5M22.6M
Intangible Assets106.3M125.8M144.3M149.4M167.9M93.6M
Other Liab52.4M65.9M147.7M183.3M165.0M122.6M
Accounts Payable27.4M42.3M33.5M35.2M46.8M43.4M
Long Term Debt2.1B2.1B2.6B2.3B2.6B1.9B
Net Receivables3.5M2.4M3.7M86.9M186.9M196.2M
Short Term Investments53.4M14.3M165.9M(1.7B)(1.6B)(1.5B)
Property Plant Equipment475.9M471.1M459.0M516.2M593.7M632.3M
Total Current Liabilities27.4M42.3M33.5M35.2M129.4M135.8M
Net Tangible Assets2.0B2.4B2.9B4.0B4.7B2.4B
Inventory19.5M16.3M11.5M(10.1M)(9.0M)(8.6M)
Long Term Investments1.8B2.5B2.6B4.3B5.2B5.4B
Capital Surpluse106.1M480.6M492.1M526.6M605.6M372.1M

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