RILYZ Minority Interest vs Income Before Tax Analysis

RILYZ Stock  USD 10.49  0.30  2.94%   
B Riley financial indicator trend analysis is way more than just evaluating B Riley Financial prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether B Riley Financial is a good investment. Please check the relationship between B Riley Minority Interest and its Income Before Tax accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in B Riley Financial. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in manufacturing.

Minority Interest vs Income Before Tax

Minority Interest vs Income Before Tax Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of B Riley Financial Minority Interest account and Income Before Tax. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between B Riley's Minority Interest and Income Before Tax is -0.12. Overlapping area represents the amount of variation of Minority Interest that can explain the historical movement of Income Before Tax in the same time period over historical financial statements of B Riley Financial, assuming nothing else is changed. The correlation between historical values of B Riley's Minority Interest and Income Before Tax is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Minority Interest of B Riley Financial are associated (or correlated) with its Income Before Tax. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Income Before Tax has no effect on the direction of Minority Interest i.e., B Riley's Minority Interest and Income Before Tax go up and down completely randomly.

Correlation Coefficient

-0.12
Relationship DirectionNegative 
Relationship StrengthInsignificant

Minority Interest

Minority Interest is the portion of a subsidiary corporation stock that is not owned by the parent corporation. The magnitude of the minority interest in the subsidiary company is generally less than 50% of outstanding shares, otherwise the corporation would generally cease to be a subsidiary of the parent. Minority Interest can also be called non-controlling interest.All shareholders of B Riley Financial whose combined shares represent less than 50% of the total outstanding shares issued by B Riley have a minority interest in B Riley.

Income Before Tax

Income Before Tax which can also be referred as pre-tax income is reported on B Riley income statement and is an important metric when analyzing B Riley Financial 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.
Most indicators from B Riley's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into B Riley Financial 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in B Riley Financial. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in manufacturing.
At this time, B Riley's Selling General Administrative is fairly stable compared to the past year. Tax Provision is likely to rise to about 41.8 M in 2024, whereas Sales General And Administrative To Revenue is likely to drop 0.44 in 2024.
 2021 2022 2023 2024 (projected)
Interest Expense92.5M141.2M187.0M196.4M
Depreciation And Amortization1.0B1.0B49.6M47.1M

B Riley fundamental ratios Correlations

0.530.920.690.99-0.270.931.00.290.930.660.990.630.91.00.96-0.150.990.960.780.950.73-0.010.950.68-0.49
0.530.470.140.63-0.430.290.55-0.470.290.070.550.060.450.550.420.20.530.680.560.570.75-0.590.630.78-0.19
0.920.470.780.910.020.910.910.40.910.690.880.820.750.90.95-0.10.920.870.540.860.540.060.880.64-0.41
0.690.140.780.630.40.70.670.70.70.770.620.820.60.640.77-0.170.660.620.370.590.140.180.650.16-0.21
0.990.630.910.63-0.320.870.990.160.870.590.990.570.870.990.94-0.070.990.980.820.950.78-0.10.960.74-0.48
-0.27-0.430.020.4-0.32-0.17-0.330.56-0.170.1-0.370.51-0.46-0.34-0.050.13-0.31-0.36-0.55-0.42-0.780.13-0.31-0.580.26
0.930.290.910.70.87-0.170.920.451.00.790.910.680.850.920.92-0.350.930.840.620.890.580.240.860.55-0.55
1.00.550.910.670.99-0.330.920.250.920.651.00.570.921.00.94-0.161.00.970.810.970.770.00.960.71-0.49
0.29-0.470.40.70.160.560.450.250.450.610.220.70.250.240.42-0.190.250.14-0.050.17-0.280.50.21-0.3-0.09
0.930.290.910.70.87-0.171.00.920.450.790.910.680.850.920.92-0.350.930.840.620.890.580.240.860.55-0.55
0.660.070.690.770.590.10.790.650.610.790.630.580.610.640.67-0.580.660.630.480.680.280.430.70.17-0.56
0.990.550.880.620.99-0.370.911.00.220.910.630.540.911.00.93-0.150.990.970.830.960.79-0.020.950.7-0.51
0.630.060.820.820.570.510.680.570.70.680.580.540.420.570.79-0.010.590.480.090.450.020.080.510.19-0.17
0.90.450.750.60.87-0.460.850.920.250.850.610.910.420.910.81-0.290.890.860.730.890.780.050.860.65-0.4
1.00.550.90.640.99-0.340.921.00.240.920.641.00.570.910.94-0.151.00.970.810.960.77-0.020.950.7-0.51
0.960.420.950.770.94-0.050.920.940.420.920.670.930.790.810.94-0.120.940.880.660.850.55-0.060.870.53-0.46
-0.150.2-0.1-0.17-0.070.13-0.35-0.16-0.19-0.35-0.58-0.15-0.01-0.29-0.15-0.12-0.15-0.11-0.15-0.23-0.13-0.41-0.160.10.55
0.990.530.920.660.99-0.310.931.00.250.930.660.990.590.891.00.94-0.150.970.80.970.750.040.960.71-0.5
0.960.680.870.620.98-0.360.840.970.140.840.630.970.480.860.970.88-0.110.970.870.970.81-0.080.990.73-0.5
0.780.560.540.370.82-0.550.620.81-0.050.620.480.830.090.730.810.66-0.150.80.870.850.77-0.080.840.53-0.53
0.950.570.860.590.95-0.420.890.970.170.890.680.960.450.890.960.85-0.230.970.970.850.820.130.980.75-0.54
0.730.750.540.140.78-0.780.580.77-0.280.580.280.790.020.780.770.55-0.130.750.810.770.82-0.170.770.87-0.43
-0.01-0.590.060.18-0.10.130.240.00.50.240.43-0.020.080.05-0.02-0.06-0.410.04-0.08-0.080.13-0.170.03-0.12-0.11
0.950.630.880.650.96-0.310.860.960.210.860.70.950.510.860.950.87-0.160.960.990.840.980.770.030.71-0.51
0.680.780.640.160.74-0.580.550.71-0.30.550.170.70.190.650.70.530.10.710.730.530.750.87-0.120.71-0.22
-0.49-0.19-0.41-0.21-0.480.26-0.55-0.49-0.09-0.55-0.56-0.51-0.17-0.4-0.51-0.460.55-0.5-0.5-0.53-0.54-0.43-0.11-0.51-0.22
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B Riley Account Relationship Matchups

B Riley fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets2.3B2.7B5.9B6.1B6.1B6.4B
Other Current Liab41.8M66.6M(60.2M)338.1M205.9M216.2M
Total Current Liabilities204.1M253.9M569.0M639.0M336.7M353.5M
Total Stockholder Equity360.7M512.6M661.3M446.5M291.1M239.1M
Net Debt762.7M957.5M1.8B2.3B2.2B2.3B
Retained Earnings39.5M203.1M248.9M(45.2M)(281.3M)(267.2M)
Cash104.3M103.6M278.9M268.6M232.0M243.6M
Non Current Assets Total1.8B2.0B4.2B4.9B5.0B5.2B
Cash And Short Term Investments104.3M103.6M278.9M268.6M232.0M243.6M
Common Stock Shares Outstanding27.5M26.5M29.0M28.2M29.3M15.8M
Liabilities And Stockholders Equity2.3B2.7B5.9B6.1B6.1B6.4B
Non Current Liabilities Total1.7B1.9B4.2B4.8B5.4B5.6B
Other Current Assets81.8M87.3M360.9M194.4M26.7M25.4M
Other Stockholder Equity283.6M107.2M413.5M494.2M572.2M600.8M
Total Liab1.9B2.1B4.8B5.4B5.7B6.0B
Total Current Assets516.0M637.6M1.7B1.2B1.1B1.2B
Short Long Term Debt Total896.1M1.1B2.1B2.5B2.5B2.6B
Property Plant And Equipment Net60.5M60.5M69.8M115.7M112.8M118.5M
Net Receivables302.1M445.3M121.9M265.3M751.8M789.4M
Good Will223.7M227.0M250.6M512.6M472.3M495.9M
Inventory27.8M1.4M927K101.7M110.5M116.0M
Accumulated Other Comprehensive Income(2.0M)(823K)(1.1M)(2.5M)229K240.5K
Short Term Debt90.6M115.9M357K127.7M8.6M8.2M
Intangible Assets220.5M190.7M207.7M374.1M322.0M338.1M
Accounts Payable4.5M2.7M6.3M81.4M44.6M46.8M
Current Deferred Revenue67.1M68.7M69.5M85.4M71.5M45.4M
Other Assets1.5B1.9B3.1M3.3M3.9B4.1B
Short Term Investments451.6M777.3M1.5B1.1B1.1B603.5M
Property Plant Equipment15.5M60.5M11.7M12.9M14.8M16.5M
Capital Surpluse258.6M323.1M310.3M413.5M475.5M286.6M
Long Term Debt540.5M805.4M983.0M2.0B2.2B2.4B
Long Term Debt Total540.5M805.4M983.0M2.0B2.2B2.4B

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