Commonwealth Interest Expense vs Income Before Tax Analysis
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Commonwealth Bank financial indicator trend analysis is way more than just evaluating Commonwealth Bank prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Commonwealth Bank is a good investment. Please check the relationship between Commonwealth Bank Interest Expense and its Income Before Tax accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Commonwealth Bank of. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.
Interest Expense vs Income Before Tax
Interest Expense vs Income Before Tax Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Commonwealth Bank Interest Expense account and Income Before Tax. At this time, the significance of the direction appears to have strong relationship.
The correlation between Commonwealth Bank's Interest Expense and Income Before Tax is 0.62. Overlapping area represents the amount of variation of Interest Expense that can explain the historical movement of Income Before Tax in the same time period over historical financial statements of Commonwealth Bank of, assuming nothing else is changed. The correlation between historical values of Commonwealth Bank's Interest Expense and Income Before Tax 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 Commonwealth Bank of are associated (or correlated) with its Income Before Tax. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Income Before Tax has no effect on the direction of Interest Expense i.e., Commonwealth Bank's Interest Expense and Income Before Tax go up and down completely randomly.
Correlation Coefficient | 0.62 |
| Relationship Direction | Positive |
| Relationship Strength | Significant |
Interest Expense
The cost incurred by an entity for borrowed funds, including loans, bonds, or lines of credit.Income Before Tax
Income Before Tax which can also be referred as pre-tax income is reported on Commonwealth Bank income statement and is an important metric when analyzing Commonwealth Bank 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.Most indicators from Commonwealth Bank's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Commonwealth Bank 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 Commonwealth Bank of. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population. As of November 26, 2024, Tax Provision is expected to decline to about 4 B. In addition to that, Selling General Administrative is expected to decline to about 615.4 M
| 2021 | 2022 | 2023 | 2024 (projected) | Net Interest Income | 19.5B | 23.1B | 26.5B | 22.2B | Tax Provision | 4.0B | 4.2B | 4.8B | 4.0B |
Commonwealth Bank fundamental ratios Correlations
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Commonwealth Bank Account Relationship Matchups
High Positive Relationship
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Other Information on Investing in Commonwealth Stock
Balance Sheet is a snapshot of the financial position of Commonwealth Bank at a specified time, usually calculated after every quarter, six months, or one year. Commonwealth Bank Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Commonwealth Bank and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Commonwealth currently owns. An asset can also be divided into two categories, current and non-current.