Global Net Income vs Income Tax Expense Analysis

GBBKW Stock

USD 0.03 0.02 33.67%

Global Blockchain financial indicator trend analysis is much more than just examining Global Blockchain latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Global Blockchain is a good investment. Please check the relationship between Global Blockchain Net Income and its Income Tax Expense accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Global Blockchain Acquisition. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in industry.

Net Income vs Income Tax Expense

Net Income vs Income Tax Expense Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Global Blockchain Net Income account and Income Tax Expense. At this time, the significance of the direction appears to have totally related.

The correlation between Global Blockchain's Net Income and Income Tax Expense is 1.0. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Income Tax Expense in the same time period over historical financial statements of Global Blockchain Acquisition, assuming nothing else is changed. The correlation between historical values of Global Blockchain's Net Income and Income Tax Expense is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Income of Global Blockchain Acquisition are associated (or correlated) with its Income Tax Expense. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Income Tax Expense has no effect on the direction of Net Income i.e., Global Blockchain's Net Income and Income Tax Expense go up and down completely randomly.

Correlation Coefficient

1.0

Relationship Direction	Positive
Relationship Strength	Very Strong

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Net Income

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

Income Tax Expense

Most indicators from Global Blockchain's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Global Blockchain 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 Global Blockchain Acquisition. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in industry.

Tax Provision is likely to drop to about 1 M in 2024. Selling General Administrative is likely to drop to about 606.9 K in 2024

	2010	2023	2024 (projected)
Net Interest Income	2.5M	6.7M	5.1M
Tax Provision	486.6K	1.4M	1.0M

Net Interest Income Tax Provision

Global Blockchain fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Current Assets	Other Stockholder Equity	Total Liab	Net Invested Capital	Short Long Term Debt	Total Current Assets	Capital Stock	Net Working Capital	Short Term Debt	Common Stock	Net Receivables	Inventory
Total Assets		-0.08	0.18	0.18	1.0	-0.92	0.4	0.79	1.0	1.0	0.79	0.75	-0.19	0.95	-0.48	0.18	1.0	-0.08	0.95	1.0	0.2	-0.08	1.0	0.09	-0.08
Short Long Term Debt Total	-0.08		-0.95	-0.73	-0.07	0.45	0.82	0.4	-0.08	-0.08	0.4	-0.61	-0.92	-0.38	0.86	-0.73	-0.07	1.0	-0.27	-0.08	0.89	1.0	-0.08	-0.88	1.0
Other Current Liab	0.18	-0.95		0.91	0.17	-0.55	-0.83	-0.41	0.18	0.18	-0.41	0.54	0.93	0.44	-0.95	0.91	0.16	-0.95	0.27	0.18	-0.93	-0.95	0.18	0.98	-0.95
Total Current Liabilities	0.18	-0.73	0.91		0.17	-0.51	-0.76	-0.46	0.18	0.18	-0.46	0.29	0.84	0.36	-0.88	1.0	0.17	-0.73	0.15	0.18	-0.86	-0.73	0.18	0.96	-0.73
Total Stockholder Equity	1.0	-0.07	0.17	0.17		-0.92	0.42	0.8	1.0	1.0	0.8	0.74	-0.2	0.95	-0.47	0.17	1.0	-0.07	0.95	1.0	0.21	-0.07	1.0	0.08	-0.07
Net Debt	-0.92	0.45	-0.55	-0.51	-0.92		-0.02	-0.51	-0.92	-0.92	-0.51	-0.85	-0.21	-0.98	0.79	-0.51	-0.91	0.45	-0.92	-0.92	0.2	0.45	-0.92	-0.46	0.45
Retained Earnings	0.4	0.82	-0.83	-0.76	0.42	-0.02		0.85	0.4	0.4	0.85	-0.05	-0.97	0.14	0.61	-0.76	0.42	0.82	0.3	0.4	0.98	0.82	0.4	-0.87	0.82
Cash	0.79	0.4	-0.41	-0.46	0.8	-0.51	0.85		0.79	0.79	1.0	0.48	-0.7	0.63	0.12	-0.46	0.8	0.4	0.76	0.79	0.72	0.4	0.79	-0.52	0.4
Non Current Assets Total	1.0	-0.08	0.18	0.18	1.0	-0.92	0.4	0.79		1.0	0.79	0.75	-0.18	0.95	-0.48	0.18	1.0	-0.08	0.95	1.0	0.2	-0.08	1.0	0.09	-0.08
Non Currrent Assets Other	1.0	-0.08	0.18	0.18	1.0	-0.92	0.4	0.79	1.0		0.79	0.75	-0.18	0.95	-0.48	0.18	1.0	-0.08	0.95	1.0	0.2	-0.08	1.0	0.09	-0.08
Cash And Short Term Investments	0.79	0.4	-0.41	-0.46	0.8	-0.51	0.85	1.0	0.79	0.79		0.48	-0.7	0.63	0.12	-0.46	0.8	0.4	0.76	0.79	0.72	0.4	0.79	-0.52	0.4
Common Stock Shares Outstanding	0.75	-0.61	0.54	0.29	0.74	-0.85	-0.05	0.48	0.75	0.75	0.48		0.27	0.9	-0.71	0.29	0.74	-0.61	0.91	0.75	-0.22	-0.61	0.75	0.38	-0.61
Non Current Liabilities Total	-0.19	-0.92	0.93	0.84	-0.2	-0.21	-0.97	-0.7	-0.18	-0.18	-0.7	0.27		0.09	-0.77	0.84	-0.2	-0.92	-0.07	-0.18	-1.0	-0.92	-0.18	0.95	-0.92
Other Current Assets	0.95	-0.38	0.44	0.36	0.95	-0.98	0.14	0.63	0.95	0.95	0.63	0.9	0.09		-0.7	0.36	0.95	-0.38	0.97	0.95	-0.07	-0.38	0.95	0.33	-0.38
Other Stockholder Equity	-0.48	0.86	-0.95	-0.88	-0.47	0.79	0.61	0.12	-0.48	-0.48	0.12	-0.71	-0.77	-0.7		-0.88	-0.47	0.86	-0.54	-0.48	0.76	0.86	-0.48	-0.91	0.86
Total Liab	0.18	-0.73	0.91	1.0	0.17	-0.51	-0.76	-0.46	0.18	0.18	-0.46	0.29	0.84	0.36	-0.88		0.17	-0.73	0.15	0.18	-0.86	-0.73	0.18	0.96	-0.73
Net Invested Capital	1.0	-0.07	0.16	0.17	1.0	-0.91	0.42	0.8	1.0	1.0	0.8	0.74	-0.2	0.95	-0.47	0.17		-0.07	0.95	1.0	0.22	-0.07	1.0	0.07	-0.07
Short Long Term Debt	-0.08	1.0	-0.95	-0.73	-0.07	0.45	0.82	0.4	-0.08	-0.08	0.4	-0.61	-0.92	-0.38	0.86	-0.73	-0.07		-0.27	-0.08	0.89	1.0	-0.08	-0.88	1.0
Total Current Assets	0.95	-0.27	0.27	0.15	0.95	-0.92	0.3	0.76	0.95	0.95	0.76	0.91	-0.07	0.97	-0.54	0.15	0.95	-0.27		0.95	0.1	-0.27	0.95	0.14	-0.27
Capital Stock	1.0	-0.08	0.18	0.18	1.0	-0.92	0.4	0.79	1.0	1.0	0.79	0.75	-0.18	0.95	-0.48	0.18	1.0	-0.08	0.95		0.2	-0.08	1.0	0.09	-0.08
Net Working Capital	0.2	0.89	-0.93	-0.86	0.21	0.2	0.98	0.72	0.2	0.2	0.72	-0.22	-1.0	-0.07	0.76	-0.86	0.22	0.89	0.1	0.2		0.89	0.2	-0.95	0.89
Short Term Debt	-0.08	1.0	-0.95	-0.73	-0.07	0.45	0.82	0.4	-0.08	-0.08	0.4	-0.61	-0.92	-0.38	0.86	-0.73	-0.07	1.0	-0.27	-0.08	0.89		-0.08	-0.88	1.0
Common Stock	1.0	-0.08	0.18	0.18	1.0	-0.92	0.4	0.79	1.0	1.0	0.79	0.75	-0.18	0.95	-0.48	0.18	1.0	-0.08	0.95	1.0	0.2	-0.08		0.09	-0.08
Net Receivables	0.09	-0.88	0.98	0.96	0.08	-0.46	-0.87	-0.52	0.09	0.09	-0.52	0.38	0.95	0.33	-0.91	0.96	0.07	-0.88	0.14	0.09	-0.95	-0.88	0.09		-0.88
Inventory	-0.08	1.0	-0.95	-0.73	-0.07	0.45	0.82	0.4	-0.08	-0.08	0.4	-0.61	-0.92	-0.38	0.86	-0.73	-0.07	1.0	-0.27	-0.08	0.89	1.0	-0.08	-0.88

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Global Blockchain Account Relationship Matchups

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Global Net Income vs Income Tax Expense Analysis

Net Income vs Income Tax Expense

Net Income vs Income Tax Expense Correlation Analysis

Correlation Coefficient

Net Income

Income Tax Expense

Global Blockchain fundamental ratios Correlations

Global Blockchain Account Relationship Matchups

High Positive Relationship

High Negative Relationship

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Total Stockholder Equity	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Total Assets
Non Currrent Assets Other	+ 1.0	Total Assets
Net Invested Capital	+ 1.0	Total Assets
Capital Stock	+ 1.0	Total Assets
Common Stock	+ 1.0	Total Assets

Net Working Capital	- 1.0	Non Current Liabilities Total
Other Current Assets	- 0.98	Net Debt
Non Current Liabilities Total	- 0.97	Retained Earnings
Net Receivables	- 0.95	Net Working Capital
Inventory	- 0.95	Other Current Liab
Short Term Debt	- 0.95	Other Current Liab