| CATY Stock | | | USD 52.01 0.30 0.57% |
Cathay General financial indicator trend analysis is way more than just evaluating Cathay General Bancorp prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Cathay General Bancorp is a good investment. Please check the relationship between Cathay General Depreciation and its Net Income accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Cathay General Bancorp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in estimate.
Depreciation vs Net Income
Depreciation vs Net Income Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Cathay General Bancorp Depreciation account and
Net Income. At this time, the significance of the direction appears to have strong relationship.
The correlation between Cathay General's Depreciation and Net Income is 0.66. Overlapping area represents the amount of variation of Depreciation that can explain the historical movement of Net Income in the same time period over historical financial statements of Cathay General Bancorp, assuming nothing else is changed. The correlation between historical values of Cathay General's Depreciation and Net 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 Depreciation of Cathay General Bancorp are associated (or correlated) with its Net Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income has no effect on the direction of Depreciation i.e., Cathay General's Depreciation and Net Income go up and down completely randomly.
Correlation Coefficient | 0.66 |
| Relationship Direction | Positive |
| Relationship Strength | Significant |
Depreciation
Depreciation indicates how much of Cathay General Bancorp value has been used up. For tax purposes Cathay General can deduct the cost of the tangible assets it purchases as business expenses. However, Cathay General Bancorp must depreciate these assets in accordance with IRS rules about how and when the deduction may be taken, and how long it will last. The systematic allocation of the cost of a tangible asset over its useful life.
Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Cathay General Bancorp financial statement analysis. It represents the amount of money remaining after all of Cathay General Bancorp operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.
Most indicators from Cathay General's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Cathay General Bancorp 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 Cathay General Bancorp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in estimate.
At this time, Cathay General's
Selling General Administrative is fairly stable compared to the past year.
Tax Provision is likely to rise to about 82.9
M in 2024, whereas
Issuance Of Capital Stock is likely to drop slightly above 3.6
M in 2024.
Cathay General fundamental ratios Correlations
Click cells to compare fundamentals
Cathay General Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Cathay General fundamental ratios Accounts
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measure Cathay General's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Cathay General is operating at the current time. Most of Cathay General's value examination focuses on studying past and present price action to
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