EQR Income Tax Expense vs Total Revenue Analysis

EQR Stock   0.05  0  1.82%   
EQ Resources financial indicator trend analysis is much more than just examining EQ Resources latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether EQ Resources is a good investment. Please check the relationship between EQ Resources Income Tax Expense and its Total Revenue accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in EQ Resources. 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 Tax Expense vs Total Revenue

Income Tax Expense vs Total Revenue Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of EQ Resources Income Tax Expense account and Total Revenue. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between EQ Resources' Income Tax Expense and Total Revenue is -0.53. Overlapping area represents the amount of variation of Income Tax Expense that can explain the historical movement of Total Revenue in the same time period over historical financial statements of EQ Resources, assuming nothing else is changed. The correlation between historical values of EQ Resources' Income Tax Expense and Total Revenue 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 EQ Resources are associated (or correlated) with its Total Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Revenue has no effect on the direction of Income Tax Expense i.e., EQ Resources' Income Tax Expense and Total Revenue go up and down completely randomly.

Correlation Coefficient

-0.53
Relationship DirectionNegative 
Relationship StrengthVery Weak

Income Tax Expense

Total Revenue

Total revenue comprises all receipts EQ Resources 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.
Most indicators from EQ Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into EQ Resources 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 EQ Resources. 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 18.4 M in 2024. Issuance Of Capital Stock is likely to gain to about 6.3 M in 2024
 2021 2022 2023 2024 (projected)
Cost Of Revenue9.4M12.2M51.8M54.4M
Interest Expense643.2K1.5M2.6M2.8M

EQ Resources fundamental ratios Correlations

0.981.00.980.990.98-0.441.00.321.00.621.00.81.00.990.910.980.610.980.980.890.870.00.880.90.9
0.980.980.940.960.96-0.460.980.350.980.640.980.830.990.980.880.950.690.960.950.910.88-0.030.910.930.89
1.00.980.970.980.98-0.431.00.30.990.611.00.771.01.00.890.990.620.990.990.880.85-0.040.850.880.89
0.980.940.970.990.96-0.480.970.270.980.560.970.750.960.970.940.970.520.950.970.820.810.090.810.870.84
0.990.960.980.990.99-0.470.980.210.990.520.990.730.970.980.930.990.540.980.990.820.780.030.790.840.82
0.980.960.980.960.99-0.390.980.150.980.470.980.730.970.970.870.990.570.990.990.80.78-0.050.80.810.83
-0.44-0.46-0.43-0.48-0.47-0.39-0.42-0.17-0.45-0.29-0.41-0.24-0.42-0.42-0.74-0.41-0.12-0.35-0.41-0.51-0.28-0.42-0.33-0.55-0.3
1.00.981.00.970.980.98-0.420.310.990.611.00.781.01.00.890.990.620.990.990.890.85-0.040.860.880.89
0.320.350.30.270.210.15-0.170.310.320.920.30.470.350.350.250.190.330.210.220.580.570.120.540.570.52
1.00.980.990.980.990.98-0.450.990.320.620.990.80.990.990.910.980.610.980.980.890.870.010.880.90.9
0.620.640.610.560.520.47-0.290.610.920.620.60.670.650.650.520.510.50.520.530.820.790.070.770.80.76
1.00.981.00.970.990.98-0.411.00.30.990.60.790.991.00.890.990.620.990.990.880.85-0.040.850.880.88
0.80.830.770.750.730.73-0.240.780.470.80.670.790.810.790.640.710.830.750.70.790.91-0.150.910.820.85
1.00.991.00.960.970.97-0.421.00.350.990.650.990.810.990.880.970.650.980.980.910.89-0.040.890.90.92
0.990.981.00.970.980.97-0.421.00.350.990.651.00.790.990.890.980.620.980.990.890.85-0.030.860.880.89
0.910.880.890.940.930.87-0.740.890.250.910.520.890.640.880.890.890.410.850.890.80.70.240.720.850.74
0.980.950.990.970.990.99-0.410.990.190.980.510.990.710.970.980.890.550.991.00.810.77-0.030.780.810.82
0.610.690.620.520.540.57-0.120.620.330.610.50.620.830.650.620.410.550.610.540.660.71-0.110.740.610.66
0.980.960.990.950.980.99-0.350.990.210.980.520.990.750.980.980.850.990.610.990.820.81-0.10.820.820.85
0.980.950.990.970.990.99-0.410.990.220.980.530.990.70.980.990.891.00.540.990.820.78-0.020.790.820.83
0.890.910.880.820.820.8-0.510.890.580.890.820.880.790.910.890.80.810.660.820.820.930.020.930.960.94
0.870.880.850.810.780.78-0.280.850.570.870.790.850.910.890.850.70.770.710.810.780.93-0.050.990.920.98
0.0-0.03-0.040.090.03-0.05-0.42-0.040.120.010.07-0.04-0.15-0.04-0.030.24-0.03-0.11-0.1-0.020.02-0.05-0.050.17-0.05
0.880.910.850.810.790.8-0.330.860.540.880.770.850.910.890.860.720.780.740.820.790.930.99-0.050.940.97
0.90.930.880.870.840.81-0.550.880.570.90.80.880.820.90.880.850.810.610.820.820.960.920.170.940.91
0.90.890.890.840.820.83-0.30.890.520.90.760.880.850.920.890.740.820.660.850.830.940.98-0.050.970.91
Click cells to compare fundamentals

EQ Resources Account Relationship Matchups

EQ Resources fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets21.4M25.7M31.3M55.1M166.3M174.6M
Other Current Liab125.8K951.5K3.7M4.3M10.3M10.9M
Total Current Liabilities1.2M6.7M9.6M24.2M94.2M98.9M
Total Stockholder Equity14.9M16.7M14.3M16.3M56.6M59.5M
Property Plant And Equipment Net9.2M11.1M17.8M14.0M99.5M104.5M
Net Debt(1.8M)(2.6M)4.8M1.9M42.2M44.3M
Retained Earnings(86.8K)(4.7M)(10.7M)(14.4M)(17.4M)(16.5M)
Accounts Payable587.1K2.5M3.7M8.4M32.0M33.6M
Cash3.0M3.5M1.7M5.3M3.5M1.9M
Non Current Assets Total17.7M19.3M25.7M43.5M127.7M134.1M
Cash And Short Term Investments3.0M3.5M1.7M6.2M4.3M4.5M
Net Receivables332.2K1.9M2.3M3.9M16.5M17.3M
Common Stock Shares Outstanding1.0B1.2B1.3B1.4B1.7B1.8B
Liabilities And Stockholders Equity21.4M25.7M31.3M55.1M166.3M174.6M
Total Liab6.5M9.0M17.0M38.8M109.7M115.1M
Total Current Assets3.7M6.4M5.6M11.6M38.6M40.5M
Accumulated Other Comprehensive Income0.0782.8K2.8M3.5M5.7M6.0M
Common Stock15.0M20.6M22.2M27.2M68.3M71.8M
Inventory108K673.0K876.4K877.7K17.1M18.0M
Other Current Assets309.5K324.6K632.3K634.1K656.6K689.5K
Short Long Term Debt Total3.7M949.3K6.5M7.2M45.7M48.0M
Short Term Debt200.7K268.2K665.8K4.4M44.7M46.9M
Non Currrent Assets Other8.5M8.2M7.9M22.5M23.1M24.2M
Long Term Debt Total3.5M681.1K5.9M2.8M3.3M2.1M
Non Current Liabilities Total5.3M2.4M7.3M14.6M15.5M16.3M
Property Plant Equipment9.2M11.1M17.8M28.3M32.5M34.2M
Other Liab4.3M1.7M1.4M11.8M13.6M14.3M
Net Tangible Assets14.9M16.7M14.3M16.3M18.8M12.3M
Other Assets8.5M8.2M7.9M12.7M1.00.95
Net Invested Capital14.9M16.7M18.8M21.4M24.7M14.2M
Long Term Investments2.1K3.6K5.5K2.6M2.9M3.1M
Net Working Capital2.6M(234.4K)(4.1M)(12.6M)(11.3M)(10.8M)
Long Term Debt2.5M0.04.5M1.7M1.9M2.4M
Capital Lease Obligations1.2M949.3K2.0M2.1M2.4M1.8M
Capital Stock15.0M20.6M22.2M27.2M31.3M20.4M

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