GAIL Income Before Tax vs Net Income Analysis

GAIL Stock

199.46 2.76 1.40%

GAIL financial indicator trend analysis is much more than just examining GAIL Limited latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether GAIL Limited is a good investment. Please check the relationship between GAIL Income Before Tax and its Net Income accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in GAIL 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 board of governors.

Income Before Tax vs Net Income

Income Before Tax vs Net Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of GAIL Limited Income Before Tax account and Net Income. At this time, the significance of the direction appears to have almost identical trend.

The correlation between GAIL's Income Before Tax and Net Income is 0.98. Overlapping area represents the amount of variation of Income Before Tax that can explain the historical movement of Net Income in the same time period over historical financial statements of GAIL Limited, assuming nothing else is changed. The correlation between historical values of GAIL's Income Before Tax and Net Income 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 Before Tax of GAIL Limited are associated (or correlated) with its Net Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income has no effect on the direction of Income Before Tax i.e., GAIL's Income Before Tax and Net Income go up and down completely randomly.

Correlation Coefficient

0.98

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Income Before Tax

Income Before Tax which can also be referred as pre-tax income is reported on GAIL income statement and is an important metric when analyzing GAIL Limited profitability. Accounting techniques because taxes can be complex, and not perfectly consistent from one company to company, an analyst may use pre-tax income as a more stable measure of profitability.

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in GAIL Limited financial statement analysis. It represents the amount of money remaining after all of GAIL Limited operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

Most indicators from GAIL's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into GAIL 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in GAIL 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 board of governors.

At this time, GAIL's Selling General Administrative is comparatively stable compared to the past year. Discontinued Operations is likely to gain to about 56.9 M in 2024, whereas Tax Provision is likely to drop slightly above 22.4 B in 2024.

	2021	2022	2023	2024 (projected)
Interest Expense	2.0B	3.7B	7.3B	4.2B
Depreciation And Amortization	24.2B	28.0B	37.1B	39.0B

Interest Expense Depreciation And Amortization

GAIL fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Long Term Debt	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Short Term Investments	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Intangible Assets	Common Stock
Total Assets		0.47	0.61	0.92	0.79	0.98	0.54	0.84	0.94	-0.52	0.82	-0.02	-0.09	0.3	-0.24	0.87	-0.08	-0.17	0.81	0.77	0.6	-0.37	0.89	0.9	0.78	0.7
Short Long Term Debt Total	0.47		0.68	0.65	0.42	0.57	0.99	0.51	0.43	0.21	0.61	0.18	-0.05	0.79	0.21	0.49	-0.48	-0.35	0.8	0.63	0.48	-0.03	0.76	0.65	0.38	0.42
Other Current Liab	0.61	0.68		0.71	0.46	0.64	0.68	0.51	0.57	0.09	0.56	0.41	-0.28	0.53	0.27	0.39	-0.23	0.01	0.7	0.57	0.75	0.0	0.73	0.71	0.48	0.49
Total Current Liabilities	0.92	0.65	0.71		0.67	0.93	0.71	0.74	0.88	-0.4	0.75	0.05	-0.16	0.46	-0.1	0.83	-0.12	-0.16	0.84	0.76	0.64	-0.4	0.95	0.95	0.65	0.63
Total Stockholder Equity	0.79	0.42	0.46	0.67		0.73	0.51	0.99	0.77	-0.53	0.97	-0.01	-0.34	0.03	-0.3	0.67	-0.61	-0.13	0.49	0.93	0.77	-0.35	0.59	0.72	0.98	0.94
Property Plant And Equipment Net	0.98	0.57	0.64	0.93	0.73		0.63	0.8	0.89	-0.41	0.79	-0.05	0.01	0.42	-0.21	0.86	-0.05	-0.3	0.89	0.72	0.52	-0.32	0.94	0.88	0.7	0.62
Net Debt	0.54	0.99	0.68	0.71	0.51	0.63		0.6	0.5	0.07	0.69	0.16	-0.06	0.75	0.11	0.55	-0.51	-0.36	0.82	0.71	0.54	-0.1	0.8	0.7	0.46	0.5
Retained Earnings	0.84	0.51	0.51	0.74	0.99	0.8	0.6		0.8	-0.5	0.99	-0.03	-0.25	0.13	-0.26	0.73	-0.57	-0.21	0.6	0.93	0.73	-0.36	0.69	0.77	0.96	0.9
Accounts Payable	0.94	0.43	0.57	0.88	0.77	0.89	0.5	0.8		-0.46	0.77	0.02	-0.24	0.29	-0.05	0.89	-0.12	0.06	0.71	0.8	0.65	-0.49	0.82	0.92	0.79	0.73
Cash	-0.52	0.21	0.09	-0.4	-0.53	-0.41	0.07	-0.5	-0.46		-0.43	0.21	0.02	0.34	0.75	-0.41	0.01	0.03	-0.11	-0.4	-0.3	0.49	-0.24	-0.34	-0.49	-0.43
Non Current Assets Total	0.82	0.61	0.56	0.75	0.97	0.79	0.69	0.99	0.77	-0.43		0.03	-0.26	0.22	-0.24	0.7	-0.63	-0.25	0.64	0.95	0.76	-0.29	0.71	0.77	0.94	0.9
Non Currrent Assets Other	-0.02	0.18	0.41	0.05	-0.01	-0.05	0.16	-0.03	0.02	0.21	0.03		-0.06	0.17	0.31	-0.1	-0.14	0.11	0.09	0.01	0.27	0.6	0.08	0.08	-0.06	-0.1
Other Assets	-0.09	-0.05	-0.28	-0.16	-0.34	0.01	-0.06	-0.25	-0.24	0.02	-0.26	-0.06		0.27	-0.18	-0.01	0.44	-0.57	0.18	-0.46	-0.64	0.36	0.03	-0.25	-0.44	-0.59
Long Term Debt	0.3	0.79	0.53	0.46	0.03	0.42	0.75	0.13	0.29	0.34	0.22	0.17	0.27		0.26	0.33	-0.03	-0.38	0.75	0.25	0.15	0.12	0.65	0.46	0.0	0.03
Cash And Short Term Investments	-0.24	0.21	0.27	-0.1	-0.3	-0.21	0.11	-0.26	-0.05	0.75	-0.24	0.31	-0.18	0.26		-0.12	0.01	0.46	-0.02	-0.14	0.01	0.07	-0.05	-0.02	-0.21	-0.19
Net Receivables	0.87	0.49	0.39	0.83	0.67	0.86	0.55	0.73	0.89	-0.41	0.7	-0.1	-0.01	0.33	-0.12		-0.08	-0.1	0.76	0.71	0.41	-0.45	0.82	0.88	0.64	0.57
Common Stock Shares Outstanding	-0.08	-0.48	-0.23	-0.12	-0.61	-0.05	-0.51	-0.57	-0.12	0.01	-0.63	-0.14	0.44	-0.03	0.01	-0.08		0.09	-0.04	-0.65	-0.6	0.06	-0.08	-0.21	-0.59	-0.65
Short Term Investments	-0.17	-0.35	0.01	-0.16	-0.13	-0.3	-0.36	-0.21	0.06	0.03	-0.25	0.11	-0.57	-0.38	0.46	-0.1	0.09		-0.38	-0.04	0.21	-0.4	-0.3	-0.04	0.01	0.07
Non Current Liabilities Total	0.81	0.8	0.7	0.84	0.49	0.89	0.82	0.6	0.71	-0.11	0.64	0.09	0.18	0.75	-0.02	0.76	-0.04	-0.38		0.59	0.39	-0.12	0.97	0.81	0.45	0.4
Inventory	0.77	0.63	0.57	0.76	0.93	0.72	0.71	0.93	0.8	-0.4	0.95	0.01	-0.46	0.25	-0.14	0.71	-0.65	-0.04	0.59		0.84	-0.46	0.69	0.83	0.93	0.95
Other Current Assets	0.6	0.48	0.75	0.64	0.77	0.52	0.54	0.73	0.65	-0.3	0.76	0.27	-0.64	0.15	0.01	0.41	-0.6	0.21	0.39	0.84		-0.31	0.52	0.72	0.79	0.84
Other Stockholder Equity	-0.37	-0.03	0.0	-0.4	-0.35	-0.32	-0.1	-0.36	-0.49	0.49	-0.29	0.6	0.36	0.12	0.07	-0.45	0.06	-0.4	-0.12	-0.46	-0.31		-0.25	-0.41	-0.44	-0.49
Total Liab	0.89	0.76	0.73	0.95	0.59	0.94	0.8	0.69	0.82	-0.24	0.71	0.08	0.03	0.65	-0.05	0.82	-0.08	-0.3	0.97	0.69	0.52	-0.25		0.91	0.56	0.52
Total Current Assets	0.9	0.65	0.71	0.95	0.72	0.88	0.7	0.77	0.92	-0.34	0.77	0.08	-0.25	0.46	-0.02	0.88	-0.21	-0.04	0.81	0.83	0.72	-0.41	0.91		0.7	0.69
Intangible Assets	0.78	0.38	0.48	0.65	0.98	0.7	0.46	0.96	0.79	-0.49	0.94	-0.06	-0.44	0.0	-0.21	0.64	-0.59	0.01	0.45	0.93	0.79	-0.44	0.56	0.7		0.97
Common Stock	0.7	0.42	0.49	0.63	0.94	0.62	0.5	0.9	0.73	-0.43	0.9	-0.1	-0.59	0.03	-0.19	0.57	-0.65	0.07	0.4	0.95	0.84	-0.49	0.52	0.69	0.97

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GAIL Account Relationship Matchups

GAIL fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	749.1B	813.8B	965.6B	1.1T	1.2T	648.5B
Short Long Term Debt Total	69.1B	78.7B	92.2B	178.2B	217.9B	228.8B
Other Current Liab	876.2M	50.4B	64.0B	61.4B	76.3B	44.8B
Total Current Liabilities	124.8B	125.5B	150.9B	217.1B	216.4B	125.9B
Total Stockholder Equity	492.7B	531.8B	641.1B	649.3B	770.0B	808.5B
Property Plant And Equipment Net	480.2B	522.6B	575.3B	634.9B	756.8B	401.6B
Net Debt	62.9B	63.7B	77.0B	175.7B	206.5B	216.8B
Retained Earnings	384.8B	418.8B	493.6B	521.7B	581.8B	610.8B
Accounts Payable	39.2B	44.5B	53.6B	71.4B	66.4B	38.0B
Cash	6.2B	15.1B	15.2B	2.4B	11.5B	18.1B
Non Current Assets Total	629.2B	705.2B	802.5B	872.5B	1.0T	1.1T
Non Currrent Assets Other	(598.3B)	1.6M	8.6B	10.3B	37.2B	39.0B
Other Assets	34.3B	33.5B	37.3B	6.3B	7.3B	6.9B
Long Term Debt	37.7B	52.4B	54.7B	88.8B	128.1B	69.9B
Cash And Short Term Investments	9.6B	23.0B	25.2B	29.3B	14.6B	21.4B
Net Receivables	78.5B	44.0B	89.5B	123.1B	113.5B	60.3B
Common Stock Shares Outstanding	6.8B	6.8B	6.7B	6.6B	6.6B	5.4B
Short Term Investments	3.4B	7.9B	10.0B	26.8B	3.2B	3.0B
Liabilities And Stockholders Equity	749.1B	813.8B	965.6B	1.1T	1.2T	648.5B
Non Current Liabilities Total	130.8B	155.5B	171.6B	209.6B	258.8B	137.9B
Inventory	31.8B	29.9B	35.8B	59.2B	59.7B	62.7B
Other Current Assets	3M	55.8B	102.1B	138.1B	128.4B	134.8B
Other Stockholder Equity	(463.5B)	68.6B	103.2B	(587.4B)	122.5B	65.9B
Total Liab	255.6B	281.1B	322.5B	426.7B	475.2B	263.8B
Total Current Assets	119.9B	108.7B	163.1B	205.3B	202.7B	135.6B
Accumulated Other Comprehensive Income	(97.9B)	68.6B	103.2B	61.8B	704.2B	739.4B
Intangible Assets	18.8B	23.0B	25.4B	28.6B	31.4B	32.9B
Property Plant Equipment	480.2B	522.6B	575.3B	634.9B	730.1B	368.8B
Other Liab	106.7B	92.2B	98.6B	106.9B	122.9B	129.1B
Current Deferred Revenue	54.2B	58.3B	69.0B	55.8B	7.1B	6.8B
Short Term Debt	30.5B	21.8B	27.5B	78.2B	66.6B	36.1B
Net Tangible Assets	445.9B	473.9B	508.8B	615.8B	708.1B	468.8B
Short Long Term Debt	28.8B	15.2B	23.6B	74.0B	58.0B	34.4B
Long Term Debt Total	38.7B	56.9B	64.7B	100.0B	115.0B	120.7B
Capital Lease Obligations	2.6B	6.7B	13.9B	15.4B	31.9B	33.5B
Non Current Liabilities Other	35.2B	41.8B	46.8B	45.4B	43.9B	34.6B
Cash And Equivalents	5.7B	11.7B	13.8B	994.1M	1.1B	1.1B
Net Invested Capital	559.2B	599.4B	719.4B	812.0B	956.1B	719.3B

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GAIL Income Before Tax vs Net Income Analysis

Income Before Tax vs Net Income

Income Before Tax vs Net Income Correlation Analysis

Correlation Coefficient

Income Before Tax

Net Income

GAIL fundamental ratios Correlations

GAIL Account Relationship Matchups

High Positive Relationship

High Negative Relationship

GAIL fundamental ratios Accounts

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Additional Tools for GAIL Stock Analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Net Debt	+ 0.99	Short Long Term Debt Total
Retained Earnings	+ 0.99	Total Stockholder Equity
Non Current Assets Total	+ 0.99	Retained Earnings
Property Plant And Equipment Net	+ 0.98	Total Assets
Intangible Assets	+ 0.98	Total Stockholder Equity
Non Current Assets Total	+ 0.97	Total Stockholder Equity

Common Stock	- 0.65	Common Stock Shares Outstanding
Inventory	- 0.65	Common Stock Shares Outstanding
Other Current Assets	- 0.64	Other Assets
Common Stock Shares Outstanding	- 0.63	Non Current Assets Total
Common Stock Shares Outstanding	- 0.61	Total Stockholder Equity
Other Current Assets	- 0.6	Common Stock Shares Outstanding