ELSA Stock | | | 13.00 0.00 0.00% |
Electrica financial indicator trend analysis is much more than just examining Electrica SA latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Electrica SA is a good investment. Please check the relationship between Electrica Depreciation And Amortization and its Property Plant Equipment accounts. Check out
Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Electrica SA. 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.
Depreciation And Amortization vs Property Plant Equipment
Depreciation And Amortization vs Property Plant Equipment Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Electrica SA Depreciation And Amortization account and
Property Plant Equipment. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Electrica's Depreciation And Amortization and Property Plant Equipment is -0.28. Overlapping area represents the amount of variation of Depreciation And Amortization that can explain the historical movement of Property Plant Equipment in the same time period over historical financial statements of Electrica SA, assuming nothing else is changed. The correlation between historical values of Electrica's Depreciation And Amortization and Property Plant Equipment 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 And Amortization of Electrica SA are associated (or correlated) with its Property Plant Equipment. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Property Plant Equipment has no effect on the direction of Depreciation And Amortization i.e., Electrica's Depreciation And Amortization and Property Plant Equipment go up and down completely randomly.
Correlation Coefficient | -0.28 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Depreciation And Amortization
The systematic reduction in the recorded value of an intangible asset. This includes the allocation of the cost of tangible assets to periods in which the assets are used, representing the expense related to the wear and tear, deterioration, or obsolescence of physical assets and intangible assets over their useful lives.
Property Plant Equipment
Most indicators from Electrica's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Electrica SA 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
Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Electrica SA. 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 gain to about 15.7
M in 2024.
Tax Provision is likely to gain to about 101.8
M in 2024
| 2021 | 2022 | 2023 | 2024 (projected) |
Interest Expense | 29.1M | 164.3M | 290.5M | 305.0M | Depreciation And Amortization | 576.2M | 645.6M | 524.5M | 451.3M |
Electrica fundamental ratios Correlations
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Electrica Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Electrica fundamental ratios Accounts
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