Canuc Income Before Tax vs Net Income Analysis

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Canuc Resources financial indicator trend analysis is way more than just evaluating Canuc Resources Corp prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Canuc Resources Corp is a good investment. Please check the relationship between Canuc Resources Income Before Tax and its Net Income accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Canuc Resources Corp. 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.

Income Before Tax vs Net Income

Income Before Tax vs Net Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Canuc Resources Corp Income Before Tax account and Net Income. At this time, the significance of the direction appears to have totally related.

The correlation between Canuc Resources' Income Before Tax and Net Income is 1.0. Overlapping area represents the amount of variation of Income Before Tax that can explain the historical movement of Net Income in the same time period over historical financial statements of Canuc Resources Corp, assuming nothing else is changed. The correlation between historical values of Canuc Resources' Income Before Tax 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 Income Before Tax of Canuc Resources Corp 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 Income Before Tax i.e., Canuc Resources' Income Before Tax and Net Income go up and down completely randomly.

Correlation Coefficient

1.0

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Income Before Tax

Income Before Tax which can also be referred as pre-tax income is reported on Canuc Resources income statement and is an important metric when analyzing Canuc Resources Corp 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 Income

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

Most indicators from Canuc Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Canuc Resources Corp 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 Canuc Resources Corp. 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.

Selling General Administrative is likely to drop to about 489 K in 2024. Issuance Of Capital Stock is likely to drop to about 2.6 M in 2024

Canuc Resources fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Retained Earnings	Accounts Payable	Cash	Net Receivables	Total Liab	Total Current Assets	Common Stock	Total Stockholder Equity	Net Tangible Assets	Other Current Assets	Other Stockholder Equity	Short Long Term Debt	Short Term Debt	Non Current Assets Total	Non Currrent Assets Other	Common Stock Shares Outstanding	Net Invested Capital	Net Working Capital	Property Plant Equipment	Capital Stock	Other Liab	Property Plant And Equipment Net	Capital Lease Obligations
Total Assets		0.67	0.16	-0.09	0.42	0.88	0.82	0.22	0.93	0.02	0.8	-0.05	-0.44	0.65	-0.48	-0.48	-0.52	0.67	0.61	0.56	0.76	-0.54	0.59	0.52	-0.56	-0.55
Other Current Liab	0.67		0.21	0.18	0.49	0.77	0.72	0.31	0.81	-0.28	0.58	-0.25	-0.54	0.84	-0.62	-0.62	-0.9	0.8	0.88	0.24	0.64	-0.95	0.84	0.71	-0.8	-0.79
Total Current Liabilities	0.16	0.21		0.16	0.85	0.34	-0.21	0.99	0.16	-0.16	-0.34	-0.23	-0.44	0.17	-0.48	-0.48	-0.04	0.38	0.1	-0.62	-0.38	-0.27	-0.02	0.0	-0.05	-0.05
Retained Earnings	-0.09	0.18	0.16		0.18	0.21	0.04	0.15	0.16	-0.99	0.05	-0.15	-0.27	0.11	0.1	0.1	-0.07	0.37	0.15	-0.12	0.01	-0.22	0.09	0.06	-0.08	-0.07
Accounts Payable	0.42	0.49	0.85	0.18		0.58	0.22	0.85	0.48	-0.24	0.04	-0.4	-0.54	0.55	-0.71	-0.71	-0.33	0.7	0.48	-0.31	0.01	-0.5	0.37	0.4	-0.39	-0.39
Cash	0.88	0.77	0.34	0.21	0.58		0.71	0.38	0.97	-0.29	0.73	-0.17	-0.45	0.76	-0.55	-0.55	-0.65	0.75	0.71	0.42	0.71	-0.69	0.68	0.61	-0.69	-0.67
Net Receivables	0.82	0.72	-0.21	0.04	0.22	0.71		-0.14	0.87	-0.13	0.92	-0.07	-0.33	0.7	-0.42	-0.42	-0.6	0.67	0.7	0.73	0.92	-0.56	0.69	0.6	-0.61	-0.6
Total Liab	0.22	0.31	0.99	0.15	0.85	0.38	-0.14		0.22	-0.17	-0.3	-0.25	-0.47	0.21	-0.5	-0.5	-0.13	0.44	0.16	-0.61	-0.32	-0.38	0.04	0.04	-0.09	-0.09
Total Current Assets	0.93	0.81	0.16	0.16	0.48	0.97	0.87	0.22		-0.25	0.86	-0.15	-0.44	0.79	-0.54	-0.54	-0.68	0.77	0.76	0.57	0.84	-0.69	0.73	0.65	-0.71	-0.7
Common Stock	0.02	-0.28	-0.16	-0.99	-0.24	-0.29	-0.13	-0.17	-0.25		-0.12	0.21	0.32	-0.22	-0.03	-0.03	0.18	-0.46	-0.27	0.08	-0.09	0.32	-0.21	-0.18	0.19	0.19
Total Stockholder Equity	0.8	0.58	-0.34	0.05	0.04	0.73	0.92	-0.3	0.86	-0.12		0.08	-0.19	0.62	-0.31	-0.31	-0.51	0.53	0.6	0.88	0.97	-0.41	0.64	0.56	-0.58	-0.57
Net Tangible Assets	-0.05	-0.25	-0.23	-0.15	-0.4	-0.17	-0.07	-0.25	-0.15	0.21	0.08		0.12	-0.44	0.01	0.01	0.5	-0.27	-0.4	0.24	0.02	0.37	-0.41	-0.54	0.52	0.54
Other Current Assets	-0.44	-0.54	-0.44	-0.27	-0.54	-0.45	-0.33	-0.47	-0.44	0.32	-0.19	0.12		-0.5	0.34	0.34	0.35	-0.61	-0.43	0.03	-0.22	0.48	-0.38	-0.33	0.37	0.37
Other Stockholder Equity	0.65	0.84	0.17	0.11	0.55	0.76	0.7	0.21	0.79	-0.22	0.62	-0.44	-0.5		-0.61	-0.61	-0.87	0.78	0.91	0.32	0.65	-0.77	0.93	0.89	-0.96	-0.96
Short Long Term Debt	-0.48	-0.62	-0.48	0.1	-0.71	-0.55	-0.42	-0.5	-0.54	-0.03	-0.31	0.01	0.34	-0.61		1.0	0.42	-0.72	-0.51	0.03	-0.26	0.57	-0.45	-0.39	0.44	0.44
Short Term Debt	-0.48	-0.62	-0.48	0.1	-0.71	-0.55	-0.42	-0.5	-0.54	-0.03	-0.31	0.01	0.34	-0.61	1.0		0.42	-0.72	-0.51	0.03	-0.26	0.57	-0.45	-0.39	0.44	0.44
Non Current Assets Total	-0.52	-0.9	-0.04	-0.07	-0.33	-0.65	-0.6	-0.13	-0.68	0.18	-0.51	0.5	0.35	-0.87	0.42	0.42		-0.61	-0.89	-0.25	-0.61	0.9	-0.91	-0.85	0.93	0.92
Non Currrent Assets Other	0.67	0.8	0.38	0.37	0.7	0.75	0.67	0.44	0.77	-0.46	0.53	-0.27	-0.61	0.78	-0.72	-0.72	-0.61		0.79	0.12	0.48	-0.78	0.72	0.66	-0.66	-0.65
Common Stock Shares Outstanding	0.61	0.88	0.1	0.15	0.48	0.71	0.7	0.16	0.76	-0.27	0.6	-0.4	-0.43	0.91	-0.51	-0.51	-0.89	0.79		0.3	0.65	-0.87	0.98	0.94	-0.91	-0.9
Net Invested Capital	0.56	0.24	-0.62	-0.12	-0.31	0.42	0.73	-0.61	0.57	0.08	0.88	0.24	0.03	0.32	0.03	0.03	-0.25	0.12	0.3		0.89	-0.05	0.38	0.33	-0.32	-0.31
Net Working Capital	0.76	0.64	-0.38	0.01	0.01	0.71	0.92	-0.32	0.84	-0.09	0.97	0.02	-0.22	0.65	-0.26	-0.26	-0.61	0.48	0.65	0.89		-0.48	0.69	0.6	-0.63	-0.62
Property Plant Equipment	-0.54	-0.95	-0.27	-0.22	-0.5	-0.69	-0.56	-0.38	-0.69	0.32	-0.41	0.37	0.48	-0.77	0.57	0.57	0.9	-0.78	-0.87	-0.05	-0.48		-0.82	-0.72	0.77	0.75
Capital Stock	0.59	0.84	-0.02	0.09	0.37	0.68	0.69	0.04	0.73	-0.21	0.64	-0.41	-0.38	0.93	-0.45	-0.45	-0.91	0.72	0.98	0.38	0.69	-0.82		0.97	-0.96	-0.95
Other Liab	0.52	0.71	0.0	0.06	0.4	0.61	0.6	0.04	0.65	-0.18	0.56	-0.54	-0.33	0.89	-0.39	-0.39	-0.85	0.66	0.94	0.33	0.6	-0.72	0.97		-0.93	-0.93
Property Plant And Equipment Net	-0.56	-0.8	-0.05	-0.08	-0.39	-0.69	-0.61	-0.09	-0.71	0.19	-0.58	0.52	0.37	-0.96	0.44	0.44	0.93	-0.66	-0.91	-0.32	-0.63	0.77	-0.96	-0.93		1.0
Capital Lease Obligations	-0.55	-0.79	-0.05	-0.07	-0.39	-0.67	-0.6	-0.09	-0.7	0.19	-0.57	0.54	0.37	-0.96	0.44	0.44	0.92	-0.65	-0.9	-0.31	-0.62	0.75	-0.95	-0.93	1.0

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Canuc Resources Account Relationship Matchups

Canuc Resources fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	388.4K	1.3M	1.4M	145.1K	1.5M	1.6M
Other Current Liab	21.6K	61.5K	106.1K	85.9K	98.8K	103.7K
Total Current Liabilities	952.6K	405.9K	918.9K	594.9K	153.4K	145.8K
Retained Earnings	(10.5M)	(12.7M)	(19.0M)	(20.8M)	(22.5M)	(23.6M)
Accounts Payable	872.9K	284.8K	833.0K	594.9K	684.1K	441.7K
Cash	219.2K	803.1K	1.3M	119.3K	887.3K	931.7K
Net Receivables	46.0K	387.5K	126.7K	25.8K	647.3K	679.6K
Total Liab	1.1M	554.0K	980.5K	667.5K	230.7K	219.1K
Total Current Assets	265.2K	1.2M	1.4M	145.1K	1.5M	1.6M
Total Stockholder Equity	(726.3K)	740.3K	451.5K	(522.3K)	1.3M	1.4M
Net Tangible Assets	(113.2K)	(726.3K)	740.3K	(522.3K)	(470.1K)	(446.6K)
Other Stockholder Equity	1.2M	642.5K	1.1M	3.2M	3.7M	3.9M
Non Current Liabilities Total	162.1K	148.1K	61.6K	72.6K	77.2K	71.7K
Net Invested Capital	(721.3K)	740.3K	451.5K	(522.3K)	1.3M	1.4M
Net Working Capital	(687.3K)	784.7K	513.2K	(449.7K)	1.4M	1.5M

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