Ethernity Tax Provision vs Net Income From Continuing Ops Analysis

ENET Stock   0.12  0.01  7.69%   
Ethernity Networks financial indicator trend analysis is much more than just examining Ethernity Networks latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Ethernity Networks is a good investment. Please check the relationship between Ethernity Networks Tax Provision and its Net Income From Continuing Ops accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Ethernity Networks. 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.

Tax Provision vs Net Income From Continuing Ops

Tax Provision vs Net Income From Continuing Ops Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Ethernity Networks Tax Provision account and Net Income From Continuing Ops. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Ethernity Networks' Tax Provision and Net Income From Continuing Ops is -0.62. Overlapping area represents the amount of variation of Tax Provision that can explain the historical movement of Net Income From Continuing Ops in the same time period over historical financial statements of Ethernity Networks, assuming nothing else is changed. The correlation between historical values of Ethernity Networks' Tax Provision and Net Income From Continuing Ops is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Tax Provision of Ethernity Networks are associated (or correlated) with its Net Income From Continuing Ops. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income From Continuing Ops has no effect on the direction of Tax Provision i.e., Ethernity Networks' Tax Provision and Net Income From Continuing Ops go up and down completely randomly.

Correlation Coefficient

-0.62
Relationship DirectionNegative 
Relationship StrengthWeak

Tax Provision

The amount set aside by a company to cover any estimated taxes for the current period. It reflects the company's expected tax liabilities.

Net Income From Continuing Ops

Most indicators from Ethernity Networks' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Ethernity Networks 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 Ethernity Networks. 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 463.8 K in 2024. Tax Provision is expected to grow at the current pace this year
 2021 2022 2023 2024 (projected)
Interest Expense62.3K262.4K282.8K297.0K
Depreciation And Amortization1.2M1.4M1.4M768.3K

Ethernity Networks fundamental ratios Correlations

0.490.480.480.97-0.90.870.57-0.6-0.57-0.410.260.740.84-0.740.820.440.680.260.440.480.780.760.520.530.36
0.490.80.880.29-0.550.250.96-0.45-0.04-0.690.480.610.74-0.650.060.740.680.430.960.70.240.720.940.880.51
0.480.80.920.3-0.610.260.82-0.44-0.01-0.680.410.460.73-0.650.030.70.760.370.770.730.510.70.790.770.37
0.480.880.920.28-0.680.240.89-0.40.06-0.820.580.450.82-0.63-0.050.560.850.550.790.830.520.820.880.870.53
0.970.290.30.28-0.840.880.37-0.56-0.63-0.250.140.660.73-0.660.90.30.550.150.240.320.770.630.330.340.28
-0.9-0.55-0.61-0.68-0.84-0.75-0.620.450.370.62-0.44-0.6-0.910.68-0.58-0.28-0.79-0.47-0.43-0.66-0.84-0.84-0.6-0.63-0.51
0.870.250.260.240.88-0.750.4-0.33-0.56-0.340.290.590.55-0.420.890.250.560.290.280.460.670.680.260.410.02
0.570.960.820.890.37-0.620.4-0.4-0.09-0.790.60.620.78-0.630.140.730.810.540.960.80.380.850.930.950.34
-0.6-0.45-0.44-0.4-0.560.45-0.33-0.40.13-0.030.3-0.37-0.630.92-0.42-0.67-0.390.37-0.35-0.11-0.48-0.36-0.36-0.17-0.6
-0.57-0.04-0.010.06-0.630.37-0.56-0.090.130.03-0.03-0.82-0.210.16-0.75-0.15-0.28-0.06-0.090.1-0.38-0.29-0.24-0.080.13
-0.41-0.69-0.68-0.82-0.250.62-0.34-0.79-0.030.03-0.93-0.42-0.650.230.04-0.24-0.8-0.92-0.67-0.93-0.49-0.84-0.75-0.93-0.14
0.260.480.410.580.14-0.440.290.60.3-0.03-0.930.290.430.06-0.09-0.020.590.980.490.840.330.680.550.81-0.1
0.740.610.460.450.66-0.60.590.62-0.37-0.82-0.420.290.59-0.50.630.550.620.280.630.310.440.640.730.560.19
0.840.740.730.820.73-0.910.550.78-0.63-0.21-0.650.430.59-0.850.390.520.840.410.620.680.760.860.770.730.62
-0.74-0.65-0.65-0.63-0.660.68-0.42-0.630.920.160.230.06-0.5-0.85-0.42-0.73-0.60.11-0.55-0.34-0.59-0.58-0.6-0.44-0.66
0.820.060.03-0.050.9-0.580.890.14-0.42-0.750.04-0.090.630.39-0.420.230.29-0.080.080.040.530.380.080.080.03
0.440.740.70.560.3-0.280.250.73-0.67-0.15-0.24-0.020.550.52-0.730.230.49-0.10.790.30.190.460.660.520.23
0.680.680.760.850.55-0.790.560.81-0.39-0.28-0.80.590.620.84-0.60.290.490.570.640.760.780.960.790.790.3
0.260.430.370.550.15-0.470.290.540.37-0.06-0.920.980.280.410.11-0.08-0.10.570.420.80.330.660.520.77-0.07
0.440.960.770.790.24-0.430.280.96-0.35-0.09-0.670.490.630.62-0.550.080.790.640.420.680.150.690.90.880.27
0.480.70.730.830.32-0.660.460.8-0.110.1-0.930.840.310.68-0.340.040.30.760.80.680.520.840.660.910.18
0.780.240.510.520.77-0.840.670.38-0.48-0.38-0.490.330.440.76-0.590.530.190.780.330.150.520.740.360.40.25
0.760.720.70.820.63-0.840.680.85-0.36-0.29-0.840.680.640.86-0.580.380.460.960.660.690.840.740.790.870.29
0.520.940.790.880.33-0.60.260.93-0.36-0.24-0.750.550.730.77-0.60.080.660.790.520.90.660.360.790.880.44
0.530.880.770.870.34-0.630.410.95-0.17-0.08-0.930.810.560.73-0.440.080.520.790.770.880.910.40.870.880.23
0.360.510.370.530.28-0.510.020.34-0.60.13-0.14-0.10.190.62-0.660.030.230.3-0.070.270.180.250.290.440.23
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Ethernity Networks Account Relationship Matchups

Ethernity Networks fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets14.2M12.2M19.4M12.3M9.7M12.2M
Short Long Term Debt Total1.5M718.5K3.7M3.1M1.2M1.3M
Other Current Liab974.4K2.2M2.1M2.8M1.3M1.6M
Total Current Liabilities2.5M3.1M3.4M4.2M2.9M2.6M
Total Stockholder Equity11.5M8.9M13.0M5.6M5.9M8.8M
Net Tangible Assets9.6M3.0M1.5M6.5M7.5M4.7M
Property Plant And Equipment Net973.6K844.3K3.8M3.6M2.0M1.3M
Current Deferred Revenue(1.2M)(572.4K)(593.0K)(636.1K)1.2M1.3M
Net Debt354.2K(1.5M)(3.4M)2.4M(791.1K)(830.7K)
Retained Earnings(12.8M)(19.1M)(28.5M)(36.5M)(42.8M)(40.7M)
Accounts Payable325.2K290.2K651.8K785.6K1.2M1.3M
Cash1.1M2.2M7.1M715.8K2.0M2.0M
Non Current Assets Total9.4M8.2M10.2M9.1M6.5M6.3M
Non Currrent Assets Other(9.4M)(8.2M)(10.2M)(9.1M)35.1K36.9K
Cash And Short Term Investments3.7M2.2M7.1M715.8K2.0M1.9M
Net Receivables427.2K778.1K1.5M1.3M186.1K176.8K
Common Stock Shares Outstanding32.6M36.6M67.5M76.0M143.9M151.1M
Liabilities And Stockholders Equity14.2M12.2M19.4M12.3M9.7M12.2M
Non Current Liabilities Total306.8K146.1K3.1M2.5M815.0K796.1K
Inventory166.9K173.5K284.8K773.1K535.7K562.5K
Other Current Assets362.8K626.7K241.0K343.9K427.9K338.3K
Other Stockholder Equity23.4M26.8M40.4M40.8M47.3M26.7M
Total Liab2.8M3.3M6.5M4.2M3.8M3.1M
Property Plant And Equipment Gross973.6K844.3K4.4M4.5M3.3M3.5M
Short Long Term Debt1.0M411.7K422.6K428.9K96.3K91.5K
Total Current Assets4.6M3.8M9.1M3.1M3.1M5.6M
Accumulated Other Comprehensive Income892.9K1.2M1.0M1.2M1.3M722.2K
Short Term Debt1.2M572.4K593.0K636.1K438.3K416.4K
Property Plant Equipment606.1K973.6K844.3K3.8M4.4M4.6M
Other Assets191.9K194.3K39.0K35.7K32.1K30.5K
Intangible Assets8.4M7.4M6.4M5.5M4.5M5.4M
Net Invested Capital12.5M9.3M13.4M6.0M6.0M9.5M
Net Working Capital2.2M653.0K5.7M(1.0M)199.4K189.4K

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