Equitable Historical Income Statement

EQB Stock  CAD 112.50  0.99  0.89%   
Historical analysis of Equitable income statement accounts such as Total Revenue of 3.7 B or Gross Profit of 3.7 B can show how well Equitable Group performed in making a profits. Evaluating Equitable income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Equitable's future profits or losses.
 
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Financial Statement Analysis is much more than just reviewing and examining Equitable Group latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Equitable Group is a good buy for the upcoming year.
  
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Equitable Group. 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.

About Equitable Income Statement Analysis

Equitable Group Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Equitable shareholders. The income statement also shows Equitable investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).

Equitable Income Statement Chart

At this time, Equitable's Total Other Income Expense Net is very stable compared to the past year. As of the 30th of November 2024, Net Income is likely to grow to about 538.4 M, while Interest Expense is likely to drop about 352.8 M.

Total Revenue

Total revenue comprises all receipts Equitable Group generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

Gross Profit

Gross profit is a required income statement account that reflects total revenue of Equitable Group minus its cost of goods sold. It is profit before Equitable operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Equitable Group. It is also known as Equitable overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.

Operating Income

Operating Income is the amount of profit realized from Equitable Group operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Equitable Group is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.
Most accounts from Equitable's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Equitable Group current financial condition. On the other hand, looking into the entire matrix of income statement accounts, 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 Equitable Group. 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.
At this time, Equitable's Total Other Income Expense Net is very stable compared to the past year. As of the 30th of November 2024, Net Income is likely to grow to about 538.4 M, while Interest Expense is likely to drop about 352.8 M.
 2021 2022 2023 2024 (projected)
Interest Expense880.6M536.4M616.8M352.8M
Depreciation And Amortization46.9M47.0M54.0M56.7M

Equitable income statement Correlations

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Equitable Account Relationship Matchups

Equitable income statement Accounts

201920202021202220232024 (projected)
Depreciation And Amortization22.9M32.7M46.9M47.0M54.0M56.7M
Interest Expense624.3M524.7M880.6M536.4M616.8M352.8M
Total Revenue556.8M642.9M782.2M3.1B3.5B3.7B
Gross Profit556.8M642.9M782.2M3.1B3.5B3.7B
Other Operating Expenses256.3M252.5M466.9M2.5B2.8B3.0B
Operating Income279.1M300.5M390.4M1.2B1.4B1.5B
Ebit736.3M279.1M300.5M390.4M1.2B0.0
Ebitda323.4M423.1M1.3B47.0M54.0M51.3M
Total Operating Expenses(256.3M)(252.5M)466.9M217.6M250.3M134.1M
Income Before Tax300.5M390.4M368.5M602.5M692.8M727.5M
Total Other Income Expense Net300.5M390.4M(880.6M)602.5M692.8M727.5M
Net Income223.8M292.5M270.2M445.9M512.8M538.4M
Income Tax Expense76.7M97.9M98.3M156.6M180.1M189.1M
Selling General Administrative101.7M108.2M129.0M183.6M211.1M221.7M
Net Income From Continuing Ops206.5M223.8M292.5M270.2M310.7M196.2M
Net Income Applicable To Common Shares201.8M219.3M288.1M264.6M304.3M191.1M
Tax Provision72.6M76.7M97.9M98.3M113.0M76.0M
Net Interest Income462.6M497.4M582.6M735.6M846.0M475.3M
Interest Income1.1B1.1B1.1B1.6B1.9B1.1B
Reconciled Depreciation17.0M22.9M32.7M46.9M53.9M56.6M

Other Information on Investing in Equitable Stock

Equitable Group Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Equitable shareholders. The income statement also shows Equitable investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).