Bassett Income Before Tax vs Net Interest Income Analysis

BSET Stock

USD 14.94 0.55 3.82%

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

Income Before Tax vs Net Interest Income

Income Before Tax vs Net Interest Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Bassett Furniture Income Before Tax account and Net Interest Income. At this time, the significance of the direction appears to have strong contrarian relationship.

The correlation between Bassett Furniture's Income Before Tax and Net Interest Income is -0.58. Overlapping area represents the amount of variation of Income Before Tax that can explain the historical movement of Net Interest Income in the same time period over historical financial statements of Bassett Furniture Industries, assuming nothing else is changed. The correlation between historical values of Bassett Furniture's Income Before Tax 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 Income Before Tax of Bassett Furniture Industries 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 Income Before Tax i.e., Bassett Furniture's Income Before Tax and Net Interest Income go up and down completely randomly.

Correlation Coefficient

-0.58

Relationship Direction	Negative
Relationship Strength	Very Weak

View All Relationships

Income Before Tax

Income Before Tax which can also be referred as pre-tax income is reported on Bassett Furniture income statement and is an important metric when analyzing Bassett Furniture profitability. Accounting techniques because taxes can be complex, and not perfectly consistent from one company to company, an analyst may use pre-tax income as a more stable measure of profitability.

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 Bassett Furniture's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Bassett Furniture 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 Bassett Furniture Industries. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.

At this time, Bassett Furniture's Discontinued Operations is comparatively stable compared to the past year. Issuance Of Capital Stock is likely to gain to about 380.1 K in 2024, whereas Sales General And Administrative To Revenue is likely to drop 0.56 in 2024.

	2021	2022	2023	2024 (projected)
Interest Expense	38K	22K	19.8K	18.8K
Depreciation And Amortization	10.0M	10.1M	11.7M	10.0M

Interest Expense Depreciation And Amortization

Bassett Furniture fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Accounts Payable	Common Stock Total Equity	Short Term Investments	Common Stock
Total Assets		0.8	0.54	0.77	-0.07	0.92	0.87	0.03	0.38	0.97	-0.49	0.57	-0.07	-0.59	0.9	0.45	0.44	-0.41	0.92	0.72	0.5	0.5	-0.26	-0.77	0.0	-0.72
Short Long Term Debt Total	0.8		0.41	0.54	-0.22	0.87	0.87	-0.1	0.02	0.81	-0.41	0.1	-0.16	-0.6	0.87	0.31	0.43	-0.37	0.85	0.76	0.16	0.8	-0.29	-0.79	0.0	-0.76
Other Current Liab	0.54	0.41		0.38	0.09	0.5	0.46	0.14	0.13	0.45	-0.23	0.2	-0.2	-0.31	0.49	0.55	0.62	-0.24	0.51	0.45	0.38	-0.09	-0.23	-0.55	0.05	-0.44
Total Current Liabilities	0.77	0.54	0.38		-0.36	0.66	0.67	-0.37	0.07	0.84	-0.68	0.31	-0.31	-0.62	0.62	0.54	0.7	-0.53	0.77	0.3	0.36	0.49	0.27	-0.62	0.16	-0.51
Total Stockholder Equity	-0.07	-0.22	0.09	-0.36		-0.23	-0.39	0.98	0.61	-0.27	0.2	0.4	0.74	0.64	-0.28	0.13	-0.39	0.19	-0.34	-0.18	0.6	-0.2	-0.07	0.47	-0.17	0.44
Property Plant And Equipment Net	0.92	0.87	0.5	0.66	-0.23		0.95	-0.11	0.14	0.92	-0.53	0.33	-0.24	-0.67	0.98	0.2	0.44	-0.44	0.97	0.88	0.2	0.53	-0.34	-0.85	0.16	-0.82
Net Debt	0.87	0.87	0.46	0.67	-0.39	0.95		-0.27	0.03	0.9	-0.36	0.19	-0.27	-0.67	0.98	0.26	0.53	-0.29	0.97	0.8	0.17	0.55	-0.32	-0.84	0.13	-0.79
Retained Earnings	0.03	-0.1	0.14	-0.37	0.98	-0.11	-0.27		0.63	-0.19	0.27	0.41	0.78	0.61	-0.16	0.1	-0.37	0.21	-0.24	-0.05	0.61	-0.15	-0.19	0.39	-0.23	0.36
Cash	0.38	0.02	0.13	0.07	0.61	0.14	0.03	0.63		0.21	0.06	0.82	0.5	0.2	0.17	0.26	-0.33	-0.18	0.11	0.1	0.74	-0.08	-0.26	0.07	-0.54	0.04
Non Current Assets Total	0.97	0.81	0.45	0.84	-0.27	0.92	0.9	-0.19	0.21		-0.59	0.46	-0.25	-0.73	0.9	0.4	0.5	-0.46	0.94	0.72	0.33	0.58	-0.2	-0.83	0.07	-0.79
Non Currrent Assets Other	-0.49	-0.41	-0.23	-0.68	0.2	-0.53	-0.36	0.27	0.06	-0.59		-0.27	0.52	0.66	-0.39	-0.21	-0.31	0.73	-0.53	-0.37	0.02	-0.4	-0.16	0.56	-0.41	0.55
Cash And Short Term Investments	0.57	0.1	0.2	0.31	0.4	0.33	0.19	0.41	0.82	0.46	-0.27		0.18	-0.18	0.3	0.24	-0.23	-0.23	0.29	0.28	0.61	-0.06	-0.37	-0.23	-0.1	-0.26
Net Receivables	-0.07	-0.16	-0.2	-0.31	0.74	-0.24	-0.27	0.78	0.5	-0.25	0.52	0.18		0.82	-0.24	-0.04	-0.31	0.39	-0.3	-0.29	0.57	0.02	0.03	0.63	-0.38	0.64
Common Stock Shares Outstanding	-0.59	-0.6	-0.31	-0.62	0.64	-0.67	-0.67	0.61	0.2	-0.73	0.66	-0.18	0.82		-0.66	-0.22	-0.37	0.51	-0.7	-0.63	0.24	-0.37	0.22	0.92	-0.27	0.92
Non Current Liabilities Total	0.9	0.87	0.49	0.62	-0.28	0.98	0.98	-0.16	0.17	0.9	-0.39	0.3	-0.24	-0.66		0.24	0.43	-0.36	0.97	0.87	0.22	0.51	-0.39	-0.85	0.06	-0.82
Inventory	0.45	0.31	0.55	0.54	0.13	0.2	0.26	0.1	0.26	0.4	-0.21	0.24	-0.04	-0.22	0.24		0.51	-0.24	0.31	-0.08	0.67	0.21	0.29	-0.31	-0.19	-0.22
Other Current Assets	0.44	0.43	0.62	0.7	-0.39	0.44	0.53	-0.37	-0.33	0.5	-0.31	-0.23	-0.31	-0.37	0.43	0.51		-0.14	0.55	0.15	0.19	0.28	0.31	-0.46	0.2	-0.29
Other Stockholder Equity	-0.41	-0.37	-0.24	-0.53	0.19	-0.44	-0.29	0.21	-0.18	-0.46	0.73	-0.23	0.39	0.51	-0.36	-0.24	-0.14		-0.46	-0.34	-0.03	-0.31	-0.17	0.49	0.11	0.48
Total Liab	0.92	0.85	0.51	0.77	-0.34	0.97	0.97	-0.24	0.11	0.94	-0.53	0.29	-0.3	-0.7	0.97	0.31	0.55	-0.46		0.79	0.24	0.54	-0.22	-0.85	0.13	-0.8
Property Plant And Equipment Gross	0.72	0.76	0.45	0.3	-0.18	0.88	0.8	-0.05	0.1	0.72	-0.37	0.28	-0.29	-0.63	0.87	-0.08	0.15	-0.34	0.79		-0.06	0.32	-0.64	-0.81	0.14	-0.84
Total Current Assets	0.5	0.16	0.38	0.36	0.6	0.2	0.17	0.61	0.74	0.33	0.02	0.61	0.57	0.24	0.22	0.67	0.19	-0.03	0.24	-0.06		0.1	0.08	0.05	-0.28	0.12
Short Term Debt	0.5	0.8	-0.09	0.49	-0.2	0.53	0.55	-0.15	-0.08	0.58	-0.4	-0.06	0.02	-0.37	0.51	0.21	0.28	-0.31	0.54	0.32	0.1		0.09	-0.41	-0.05	-0.4
Accounts Payable	-0.26	-0.29	-0.23	0.27	-0.07	-0.34	-0.32	-0.19	-0.26	-0.2	-0.16	-0.37	0.03	0.22	-0.39	0.29	0.31	-0.17	-0.22	-0.64	0.08	0.09		0.35	0.0	0.43
Common Stock Total Equity	-0.77	-0.79	-0.55	-0.62	0.47	-0.85	-0.84	0.39	0.07	-0.83	0.56	-0.23	0.63	0.92	-0.85	-0.31	-0.46	0.49	-0.85	-0.81	0.05	-0.41	0.35		-0.18	0.98
Short Term Investments	0.0	0.0	0.05	0.16	-0.17	0.16	0.13	-0.23	-0.54	0.07	-0.41	-0.1	-0.38	-0.27	0.06	-0.19	0.2	0.11	0.13	0.14	-0.28	-0.05	0.0	-0.18		-0.19
Common Stock	-0.72	-0.76	-0.44	-0.51	0.44	-0.82	-0.79	0.36	0.04	-0.79	0.55	-0.26	0.64	0.92	-0.82	-0.22	-0.29	0.48	-0.8	-0.84	0.12	-0.4	0.43	0.98	-0.19

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Bassett Furniture Account Relationship Matchups

Bassett Furniture fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	402.5M	421.7M	406.3M	370.4M	426.0M	329.9M
Other Current Liab	(8.6M)	89.7M	59.0M	42.5M	48.9M	51.3M
Total Current Liabilities	118.4M	134.2M	100.8M	77.9M	89.6M	57.9M
Total Stockholder Equity	158.0M	162.7M	195.6M	183.4M	165.1M	171.9M
Property Plant And Equipment Net	207.8M	208.2M	176.5M	184.9M	212.6M	223.2M
Net Debt	93.3M	99.2M	54.7M	63.8M	73.3M	77.0M
Retained Earnings	109.7M	115.6M	150.8M	139.4M	125.4M	130.3M
Cash	45.8M	34.4M	61.6M	52.4M	47.2M	26.2M
Non Current Assets Total	241.9M	241.4M	209.8M	212.5M	244.3M	161.3M
Non Currrent Assets Other	5.6M	6.5M	6.1M	6.9M	6.2M	6.5M
Cash And Short Term Investments	63.5M	52.1M	79.3M	70.2M	80.7M	42.7M
Net Receivables	32.0M	20.6M	20.2M	16.3M	14.7M	13.9M
Common Stock Shares Outstanding	10.0M	9.8M	9.4M	8.8M	7.9M	9.9M
Liabilities And Stockholders Equity	402.5M	421.7M	406.3M	370.4M	426.0M	329.9M
Non Current Liabilities Total	126.1M	124.7M	109.8M	109.1M	125.5M	131.7M
Inventory	54.9M	78.0M	85.5M	63.0M	56.7M	45.0M
Other Current Assets	10.3M	29.6M	11.5M	8.5M	7.6M	10.0M
Other Stockholder Equity	(1.4M)	113K	50K	93K	83.7K	79.5K
Total Liab	244.5M	258.9M	210.7M	187.0M	215.0M	225.8M
Property Plant And Equipment Gross	207.8M	208.2M	176.5M	343.7M	395.2M	415.0M
Total Current Assets	160.7M	180.3M	196.5M	158.0M	142.2M	122.7M
Accumulated Other Comprehensive Income	(1.4M)	(1.8M)	50K	152K	174.8K	183.5K
Accounts Payable	23.4M	24.0M	20.4M	16.3M	14.7M	17.2M
Common Stock Total Equity	52.6M	50.6M	49.7M	44.8M	40.3M	44.8M
Short Term Investments	22.6M	17.4M	17.7M	17.8M	16.0M	26.3M
Common Stock	49.7M	48.8M	44.8M	43.8M	39.5M	44.2M
Other Liab	24.8M	14.2M	13.0M	12M	10.8M	16.2M
Other Assets	10.2M	9.7M	11.6M	(37.9M)	(34.1M)	(32.4M)
Property Plant Equipment	101.7M	90.9M	208.2M	77.0M	88.6M	102.5M
Current Deferred Revenue	39.8M	51.5M	36.0M	22.8M	26.2M	27.5M
Intangible Assets	11.7M	11.3M	9.0M	8.9M	10.2M	6.5M
Net Tangible Assets	178.7M	158.0M	139.3M	195.6M	225.0M	179.2M
Retained Earnings Total Equity	140.0M	129.1M	109.7M	150.8M	173.4M	133.1M
Non Current Liabilities Other	126.1M	5.9M	109.8M	1.5M	1.8M	1.7M

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