| SBBC Stock | | | CAD 0.95 0.11 13.10% |
Simply Better financial indicator trend analysis is much more than just breaking down Simply Better Brands prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Simply Better Brands is a good investment. Please check the relationship between Simply Better Payout Ratio and its Interest Coverage accounts. Check out
World Market Map to better understand how to build diversified portfolios, which includes a position in Simply Better Brands. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in main economic indicators.
Payout Ratio vs Interest Coverage
Payout Ratio vs Interest Coverage Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Simply Better Brands Payout Ratio account and
Interest Coverage. At this time, the significance of the direction appears to have totally related.
The correlation between Simply Better's Payout Ratio and Interest Coverage is 0.99. Overlapping area represents the amount of variation of Payout Ratio that can explain the historical movement of Interest Coverage in the same time period over historical financial statements of Simply Better Brands, assuming nothing else is changed. The correlation between historical values of Simply Better's Payout Ratio and Interest Coverage is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Payout Ratio of Simply Better Brands are associated (or correlated) with its Interest Coverage. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Interest Coverage has no effect on the direction of Payout Ratio i.e., Simply Better's Payout Ratio and Interest Coverage go up and down completely randomly.
Correlation Coefficient | 0.99 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
Payout Ratio
Payout Ratio is the proportion of Simply Better Brands earnings paid out as dividends to shareholders. Payout Ratio is typically expressed as a percentage but can be shown as dividends paid out as a proportion of cash flow. The payout ratio is used to determine the sustainability of Simply Better Brands dividend payments. A lower payout ratio is generally preferable to a higher payout ratio, with a ratio greater than 100% indicating Simply Better Brands is paying out more in dividends than it makes in net income.
Interest Coverage
Most indicators from Simply Better's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Simply Better Brands 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
World Market Map to better understand how to build diversified portfolios, which includes a position in Simply Better Brands. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in main economic indicators.
Simply Better reported
Tax Provision of
(1.03 Million) in 2023.
Sales General And Administrative To Revenue is likely to climb to 0.22 in 2024, whereas
Selling General Administrative is likely to drop slightly above 30.5
M in 2024.
Simply Better fundamental ratios Correlations
Click cells to compare fundamentals
Simply Better Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Simply Better fundamental ratios Accounts
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Additional Tools for Simply Stock Analysis
When running Simply Better's price analysis, check to
measure Simply Better's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Simply Better is operating at the current time. Most of Simply Better's value examination focuses on studying past and present price action to
predict the probability of Simply Better's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Simply Better's price. Additionally, you may evaluate how the addition of Simply Better to your portfolios can decrease your overall portfolio volatility.