Crane Income Tax Expense vs Net Income Analysis

CXT Stock

62.77 0.47 0.74%

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

Income Tax Expense vs Net Income

Income Tax Expense vs Net Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Crane NXT Income Tax Expense account and Net Income. At this time, the significance of the direction appears to have very week relationship.

The correlation between Crane NXT's Income Tax Expense and Net Income is 0.24. Overlapping area represents the amount of variation of Income Tax Expense that can explain the historical movement of Net Income in the same time period over historical financial statements of Crane NXT Co, assuming nothing else is changed. The correlation between historical values of Crane NXT's Income Tax Expense 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 Tax Expense of Crane NXT Co 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 Tax Expense i.e., Crane NXT's Income Tax Expense and Net Income go up and down completely randomly.

Correlation Coefficient

0.24

Relationship Direction	Positive
Relationship Strength	Very Weak

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Income Tax Expense

Net Income

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

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

Tax Provision is likely to gain to about 78.4 M in 2024. Selling General Administrative is likely to gain to about 517.6 M in 2024

	2021	2022	2023	2024 (projected)
Interest Expense	46.9M	52.2M	50.6M	50.5M
Depreciation And Amortization	121.1M	78.7M	77.6M	105.8M

Interest Expense Depreciation And Amortization

Crane NXT fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Good Will	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Intangible Assets	Common Stock
Total Assets		0.82	0.42	0.65	0.88	0.84	0.52	0.51	0.59	0.39	0.53	0.97	0.49	0.53	0.5	0.99	-0.34	0.49	0.8	0.14	-0.23	0.85	0.84	0.51	-0.38	0.1
Short Long Term Debt Total	0.82		-0.05	0.76	0.8	0.8	0.79	0.79	0.43	-0.07	0.44	0.81	0.45	0.44	0.05	0.85	-0.41	0.13	0.56	0.27	-0.05	0.64	0.66	0.71	-0.46	-0.05
Other Current Liab	0.42	-0.05		-0.04	0.1	0.33	-0.33	-0.07	0.37	0.92	0.06	0.47	0.12	0.06	0.93	0.37	0.24	0.9	0.55	0.24	-0.37	0.63	0.35	-0.04	0.09	0.4
Total Current Liabilities	0.65	0.76	-0.04		0.71	0.54	0.6	0.42	0.81	-0.01	0.72	0.57	0.38	0.72	0.08	0.65	0.16	0.1	0.68	-0.05	-0.48	0.68	0.86	0.81	-0.34	0.48
Total Stockholder Equity	0.88	0.8	0.1	0.71		0.78	0.74	0.47	0.52	0.11	0.56	0.84	0.59	0.56	0.22	0.91	-0.37	0.09	0.59	-0.08	-0.05	0.59	0.75	0.45	-0.58	-0.04
Property Plant And Equipment Net	0.84	0.8	0.33	0.54	0.78		0.68	0.73	0.37	0.39	0.2	0.9	0.68	0.2	0.51	0.85	-0.33	0.39	0.56	0.09	0.07	0.69	0.56	0.39	-0.59	-0.05
Current Deferred Revenue	0.52	0.79	-0.33	0.6	0.74	0.68		0.69	0.19	-0.35	0.26	0.55	0.55	0.26	-0.19	0.6	-0.45	-0.25	0.16	0.09	0.28	0.24	0.35	0.5	-0.68	-0.25
Net Debt	0.51	0.79	-0.07	0.42	0.47	0.73	0.69		0.2	-0.02	-0.18	0.63	0.18	-0.18	0.1	0.58	-0.34	0.17	0.38	0.31	0.02	0.43	0.22	0.33	-0.2	-0.09
Retained Earnings	0.59	0.43	0.37	0.81	0.52	0.37	0.19	0.2		0.39	0.57	0.53	0.13	0.57	0.45	0.56	0.48	0.5	0.88	-0.07	-0.84	0.8	0.87	0.48	0.0	0.83
Accounts Payable	0.39	-0.07	0.92	-0.01	0.11	0.39	-0.35	-0.02	0.39		-0.04	0.44	0.17	-0.04	0.98	0.32	0.31	0.84	0.56	-0.07	-0.38	0.59	0.34	-0.14	0.09	0.42
Cash	0.53	0.44	0.06	0.72	0.56	0.2	0.26	-0.18	0.57	-0.04		0.35	0.43	1.0	0.0	0.49	0.07	0.04	0.43	-0.02	-0.31	0.49	0.81	0.72	-0.39	0.3
Non Current Assets Total	0.97	0.81	0.47	0.57	0.84	0.9	0.55	0.63	0.53	0.44	0.35		0.48	0.35	0.56	0.98	-0.36	0.55	0.77	0.23	-0.17	0.84	0.73	0.43	-0.38	0.06
Non Currrent Assets Other	0.49	0.45	0.12	0.38	0.59	0.68	0.55	0.18	0.13	0.17	0.43	0.48		0.43	0.23	0.48	-0.17	0.04	0.08	-0.08	0.38	0.31	0.39	0.32	-0.96	-0.17
Cash And Short Term Investments	0.53	0.44	0.06	0.72	0.56	0.2	0.26	-0.18	0.57	-0.04	1.0	0.35	0.43		0.0	0.49	0.07	0.04	0.43	-0.02	-0.31	0.49	0.81	0.72	-0.39	0.3
Net Receivables	0.5	0.05	0.93	0.08	0.22	0.51	-0.19	0.1	0.45	0.98	0.0	0.56	0.23	0.0		0.44	0.23	0.87	0.64	0.0	-0.38	0.68	0.41	-0.07	0.01	0.41
Good Will	0.99	0.85	0.37	0.65	0.91	0.85	0.6	0.58	0.56	0.32	0.49	0.98	0.48	0.49	0.44		-0.38	0.43	0.76	0.2	-0.18	0.81	0.8	0.51	-0.41	0.05
Common Stock Shares Outstanding	-0.34	-0.41	0.24	0.16	-0.37	-0.33	-0.45	-0.34	0.48	0.31	0.07	-0.36	-0.17	0.07	0.23	-0.38		0.24	0.16	-0.16	-0.64	0.11	0.11	0.02	0.29	0.85
Non Current Liabilities Total	0.49	0.13	0.9	0.1	0.09	0.39	-0.25	0.17	0.5	0.84	0.04	0.55	0.04	0.04	0.87	0.43	0.24		0.69	0.37	-0.52	0.77	0.43	0.07	0.18	0.52
Inventory	0.8	0.56	0.55	0.68	0.59	0.56	0.16	0.38	0.88	0.56	0.43	0.77	0.08	0.43	0.64	0.76	0.16	0.69		0.04	-0.75	0.93	0.86	0.42	0.1	0.62
Other Current Assets	0.14	0.27	0.24	-0.05	-0.08	0.09	0.09	0.31	-0.07	-0.07	-0.02	0.23	-0.08	-0.02	0.0	0.2	-0.16	0.37	0.04		0.04	0.25	-0.02	0.33	0.02	-0.04
Other Stockholder Equity	-0.23	-0.05	-0.37	-0.48	-0.05	0.07	0.28	0.02	-0.84	-0.38	-0.31	-0.17	0.38	-0.31	-0.38	-0.18	-0.64	-0.52	-0.75	0.04		-0.59	-0.58	-0.24	-0.53	-0.92
Total Liab	0.85	0.64	0.63	0.68	0.59	0.69	0.24	0.43	0.8	0.59	0.49	0.84	0.31	0.49	0.68	0.81	0.11	0.77	0.93	0.25	-0.59		0.87	0.56	-0.13	0.54
Total Current Assets	0.84	0.66	0.35	0.86	0.75	0.56	0.35	0.22	0.87	0.34	0.81	0.73	0.39	0.81	0.41	0.8	0.11	0.43	0.86	-0.02	-0.58	0.87		0.66	-0.26	0.52
Short Term Debt	0.51	0.71	-0.04	0.81	0.45	0.39	0.5	0.33	0.48	-0.14	0.72	0.43	0.32	0.72	-0.07	0.51	0.02	0.07	0.42	0.33	-0.24	0.56	0.66		-0.32	0.27
Intangible Assets	-0.38	-0.46	0.09	-0.34	-0.58	-0.59	-0.68	-0.2	0.0	0.09	-0.39	-0.38	-0.96	-0.39	0.01	-0.41	0.29	0.18	0.1	0.02	-0.53	-0.13	-0.26	-0.32		0.33
Common Stock	0.1	-0.05	0.4	0.48	-0.04	-0.05	-0.25	-0.09	0.83	0.42	0.3	0.06	-0.17	0.3	0.41	0.05	0.85	0.52	0.62	-0.04	-0.92	0.54	0.52	0.27	0.33

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Crane NXT Account Relationship Matchups

Crane NXT fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	4.4B	4.6B	4.5B	4.4B	2.1B	4.2B
Short Long Term Debt Total	1.1B	1.3B	944.5M	1.3B	694.7M	1.1B
Other Current Liab	343.8M	336.0M	381.2M	83M	110.8M	219.3M
Total Current Liabilities	916.7M	1.1B	789.3M	1.5B	334.4M	317.7M
Total Stockholder Equity	1.5B	1.5B	1.8B	1.9B	964M	1.6B
Property Plant And Equipment Net	728.9M	600.4M	555.6M	509.9M	261.2M	500.2M
Current Deferred Revenue	88.4M	103M	101.1M	142.9M	92.5M	79.9M
Net Debt	713M	777.5M	465.9M	683M	467.5M	539.8M
Retained Earnings	2.1B	2.2B	2.5B	2.8B	120.9M	114.9M
Accounts Payable	311.1M	218.4M	273.7M	109.6M	106.5M	181.5M
Cash	393.9M	551M	478.6M	657.6M	227.2M	376.1M
Non Current Assets Total	2.9B	3.0B	2.9B	2.6B	1.5B	2.7B
Non Currrent Assets Other	602.4M	198.1M	259.3M	175.6M	71M	67.5M
Cash And Short Term Investments	393.9M	551M	478.6M	657.6M	227.2M	376.1M
Net Receivables	625M	447.1M	569.7M	236.9M	214.9M	351.7M
Good Will	1.5B	1.6B	1.6B	1.5B	841.2M	1.5B
Common Stock Shares Outstanding	60.4M	61M	56.7M	56.7M	57.5M	46.6M
Liabilities And Stockholders Equity	4.4B	4.6B	4.5B	4.4B	2.1B	4.2B
Non Current Liabilities Total	2.0B	2.0B	1.9B	998M	831M	1.3B
Inventory	457.3M	438.2M	449.1M	439.8M	157.1M	304.2M
Other Current Assets	23.7M	137.4M	45.7M	10.1M	45.2M	48.5M
Other Stockholder Equity	(227.2M)	(269.9M)	(327.2M)	(490.5M)	889.3M	933.8M
Total Liab	2.9B	3.1B	2.7B	2.5B	1.2B	1.9B
Total Current Assets	1.5B	1.6B	1.5B	1.8B	644.4M	1.1B
Accumulated Other Comprehensive Income	(483.7M)	(466.4M)	(440.2M)	(503.3M)	(118.6M)	(124.5M)
Short Term Debt	173.4M	399.1M	22.7M	307.1M	11.8M	11.2M

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