Future Depreciation vs Change To Netincome Analysis

FRETAIL Stock   2.28  0.00  0.00%   
Future Retail financial indicator trend analysis is much more than just examining Future Retail Limited latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Future Retail Limited is a good investment. Please check the relationship between Future Retail Depreciation and its Change To Netincome accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Future Retail Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Depreciation vs Change To Netincome

Depreciation vs Change To Netincome Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Future Retail Limited Depreciation account and Change To Netincome. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Future Retail's Depreciation and Change To Netincome is 0.95. Overlapping area represents the amount of variation of Depreciation that can explain the historical movement of Change To Netincome in the same time period over historical financial statements of Future Retail Limited, assuming nothing else is changed. The correlation between historical values of Future Retail's Depreciation and Change To Netincome 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 of Future Retail Limited are associated (or correlated) with its Change To Netincome. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Change To Netincome has no effect on the direction of Depreciation i.e., Future Retail's Depreciation and Change To Netincome go up and down completely randomly.

Correlation Coefficient

0.95
Relationship DirectionPositive 
Relationship StrengthVery Strong

Depreciation

Depreciation indicates how much of Future Retail Limited value has been used up. For tax purposes Future Retail can deduct the cost of the tangible assets it purchases as business expenses. However, Future Retail Limited must depreciate these assets in accordance with IRS rules about how and when the deduction may be taken, and how long it will last. The systematic allocation of the cost of a tangible asset over its useful life.

Change To Netincome

Most indicators from Future Retail's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Future Retail Limited 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 Future Retail Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.
Tax Provision is expected to rise to about 253.9 M this year, although the value of Selling General Administrative will most likely fall to about 83.8 M.
 2023 2024 (projected)
Interest Expense16.8B17.6B
Depreciation And Amortization262.8K249.6K

Future Retail fundamental ratios Correlations

0.960.740.990.540.950.490.95-0.580.890.110.970.960.430.890.940.80.990.990.90.95-0.650.990.39-0.460.36
0.960.690.980.270.990.381.0-0.770.75-0.160.990.990.190.90.990.60.980.990.780.99-0.50.990.26-0.660.08
0.740.690.740.440.670.580.69-0.270.690.250.690.70.460.650.660.660.750.720.70.71-0.80.720.12-0.20.34
0.990.980.740.440.960.50.97-0.660.850.050.980.970.380.90.950.750.990.990.870.98-0.620.990.36-0.50.25
0.540.270.440.440.290.510.270.330.750.830.350.310.870.310.280.880.430.390.70.27-0.630.420.540.390.97
0.950.990.670.960.290.340.99-0.750.76-0.171.01.00.170.91.00.590.980.980.780.97-0.480.990.24-0.690.11
0.490.380.580.50.510.340.38-0.10.560.550.380.340.730.480.290.650.470.430.60.45-0.390.430.110.170.42
0.951.00.690.970.270.990.38-0.780.75-0.170.990.990.180.90.990.590.980.990.780.99-0.50.990.25-0.670.07
-0.58-0.77-0.27-0.660.33-0.75-0.1-0.78-0.270.65-0.71-0.740.35-0.64-0.74-0.07-0.66-0.69-0.34-0.770.0-0.670.080.850.51
0.890.750.690.850.750.760.560.75-0.270.430.80.770.640.790.750.950.840.820.990.75-0.760.830.5-0.230.65
0.11-0.160.250.050.83-0.170.55-0.170.650.43-0.11-0.160.92-0.05-0.20.640.0-0.040.38-0.12-0.52-0.030.420.760.88
0.970.990.690.980.351.00.380.99-0.710.8-0.111.00.240.90.990.640.990.990.810.97-0.521.00.28-0.640.17
0.960.990.70.970.311.00.340.99-0.740.77-0.161.00.180.891.00.610.980.990.790.97-0.510.990.25-0.670.13
0.430.190.460.380.870.170.730.180.350.640.920.240.180.280.140.80.340.30.60.23-0.630.30.390.520.84
0.890.90.650.90.310.90.480.9-0.640.79-0.050.90.890.280.890.640.910.910.810.9-0.480.90.21-0.60.15
0.940.990.660.950.281.00.290.99-0.740.75-0.20.991.00.140.890.570.970.980.770.96-0.470.980.24-0.710.1
0.80.60.660.750.880.590.650.59-0.070.950.640.640.610.80.640.570.720.70.940.62-0.780.70.540.060.79
0.990.980.750.990.430.980.470.98-0.660.840.00.990.980.340.910.970.720.990.860.97-0.590.990.26-0.550.25
0.990.990.720.990.390.980.430.99-0.690.82-0.040.990.990.30.910.980.70.990.840.99-0.581.00.32-0.570.21
0.90.780.70.870.70.780.60.78-0.340.990.380.810.790.60.810.770.940.860.840.78-0.730.850.48-0.260.59
0.950.990.710.980.270.970.450.99-0.770.75-0.120.970.970.230.90.960.620.970.990.78-0.530.970.27-0.60.07
-0.65-0.5-0.8-0.62-0.63-0.48-0.39-0.50.0-0.76-0.52-0.52-0.51-0.63-0.48-0.47-0.78-0.59-0.58-0.73-0.53-0.56-0.48-0.08-0.57
0.990.990.720.990.420.990.430.99-0.670.83-0.031.00.990.30.90.980.70.991.00.850.97-0.560.32-0.580.23
0.390.260.120.360.540.240.110.250.080.50.420.280.250.390.210.240.540.260.320.480.27-0.480.320.210.5
-0.46-0.66-0.2-0.50.39-0.690.17-0.670.85-0.230.76-0.64-0.670.52-0.6-0.710.06-0.55-0.57-0.26-0.6-0.08-0.580.210.48
0.360.080.340.250.970.110.420.070.510.650.880.170.130.840.150.10.790.250.210.590.07-0.570.230.50.48
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Future Retail Account Relationship Matchups

Future Retail fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets81.9B105.9B215.4B190.3B218.8B229.7B
Short Long Term Debt Total12.9B26.6B113.9B131.1B150.7B158.2B
Other Current Liab37M2.5B1.8B1.9B2.2B2.3B
Total Current Liabilities47.0B61.6B109.8B124.6B143.2B150.4B
Total Stockholder Equity31.0B38.5B41.8B10.9B12.6B18.2B
Property Plant And Equipment Net5.1B10.8B71.5B65.6B75.5B79.3B
Current Deferred Revenue2.1B8.9B1.6B4.0B4.5B2.8B
Net Debt11.4B24.5B113.0B130.7B150.3B157.8B
Retained Earnings(1.1B)6.2B(10.5B)(41.5B)(37.3B)(35.4B)
Accounts Payable34.2B36.3B55.3B41.6B47.8B28.0B
Cash1.4B2.1B905.6M370.7M426.3M405.0M
Non Current Assets Total14.6B24.2B98.2B90.0B103.5B108.7B
Non Currrent Assets Other1.3B2.3B15.8B14.8B17.0B17.9B
Cash And Short Term Investments2.3B3.2B1.4B984.4M1.1B1.3B
Common Stock Shares Outstanding494M502.5M541.4M540.3M621.3M539.6M
Liabilities And Stockholders Equity81.9B105.9B215.4B190.3B218.8B229.7B
Non Current Liabilities Total3.9B5.8B63.8B54.8B63.0B66.1B
Inventory44.2B50.8B52.5B40.0B46.0B32.2B
Other Current Assets18.2B24.4B56.9B55.7B64.1B67.3B
Total Liab51.0B67.4B173.5B179.3B206.2B216.5B
Total Current Assets67.4B81.7B117.2B100.2B115.3B59.2B
Short Term Debt8.5B22.8B51.0B77.1B88.7B93.1B
Common Stock1.0B1.0B1.1B1.1B976.1M927.3M
Other Assets4.1B7.0B20.7B19.0B21.8B22.9B
Net Receivables2.7B3.2B7.0B4.1B4.7B4.9B
Other Liab1.7B2.1B908.1M819.6M737.6M1.2B
Net Tangible Assets25.6B31.5B35.6B5.2B6.0B5.7B
Long Term Debt2.2B3.8B43.6B43.9B50.4B53.0B
Short Term Investments829M1.1B513.7M613.7M705.8M528.6M
Long Term Debt Total2.2B3.8B62.9B53.9B62.0B65.1B
Other Stockholder Equity32.2B32.3B44.8B52.2B60.1B63.1B
Short Long Term Debt10.6B22.8B45.3B64.4B74.1B77.8B
Accumulated Other Comprehensive Income(1.2B)(1.1B)6.5B(941.2M)(847.1M)(804.7M)
Intangible Assets5.4B6.2B5.5B5.0B5.7B4.7B
Property Plant Equipment5.1B10.2B71.2B65.3B75.1B78.8B
Capital Surpluse32.2B32.3B44.8B52.2B60.1B30.3B
Non Current Liabilities Other1.2B1.4B100K3.9M3.5M3.3M

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Other Information on Investing in Future Stock

Balance Sheet is a snapshot of the financial position of Future Retail Limited at a specified time, usually calculated after every quarter, six months, or one year. Future Retail Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Future Retail and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Future currently owns. An asset can also be divided into two categories, current and non-current.