SPAL Income Before Tax vs Net Interest Income Analysis

SPAL Stock   888.50  52.60  6.29%   
S P financial indicator trend analysis is much more than just breaking down S P Apparels prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether S P Apparels is a good investment. Please check the relationship between S P Income Before Tax and its Net Interest Income accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in S P Apparels. 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 Interest Income

Income Before Tax vs Net Interest Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of S P Apparels Income Before Tax account and Net Interest Income. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between S P's Income Before Tax and Net Interest Income is -0.09. Overlapping area represents the amount of variation of Income Before Tax that can explain the historical movement of Net Interest Income in the same time period over historical financial statements of S P Apparels, assuming nothing else is changed. The correlation between historical values of S P's Income Before Tax and Net Interest 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 S P Apparels are associated (or correlated) with its Net Interest Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Interest Income has no effect on the direction of Income Before Tax i.e., S P's Income Before Tax and Net Interest Income go up and down completely randomly.

Correlation Coefficient

-0.09
Relationship DirectionNegative 
Relationship StrengthInsignificant

Income Before Tax

Income Before Tax which can also be referred as pre-tax income is reported on S P income statement and is an important metric when analyzing S P Apparels 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 Interest Income

The difference between the revenue generated from a bank's interest-bearing assets and the expenses associated with paying its interest-bearing liabilities.
Most indicators from S P's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into S P Apparels 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 S P Apparels. 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.
Selling General Administrative is likely to gain to about 2.9 B in 2024, whereas Tax Provision is likely to drop slightly above 267.4 M in 2024.
 2021 2022 2023 2024 (projected)
Interest Expense102.8M186.2M187.0M163.9M
Depreciation And Amortization345.9M361.5M377.5M286.2M

S P fundamental ratios Correlations

-0.710.85-0.20.990.94-0.80.89-0.420.760.95-0.120.690.680.69-0.830.880.52-0.560.940.390.68-0.360.98-0.470.3
-0.71-0.360.71-0.78-0.60.95-0.690.68-0.61-0.580.08-0.55-0.6-0.840.93-0.89-0.530.8-0.53-0.25-0.830.85-0.750.870.08
0.85-0.360.190.780.84-0.410.69-0.220.510.81-0.130.590.430.42-0.50.660.3-0.330.890.420.340.030.82-0.070.33
-0.20.710.19-0.31-0.240.63-0.360.78-0.4-0.20.18-0.16-0.37-0.440.56-0.48-0.310.47-0.030.22-0.580.95-0.190.910.3
0.99-0.780.78-0.310.92-0.870.86-0.50.740.92-0.160.670.680.75-0.860.920.54-0.620.890.340.76-0.470.97-0.560.25
0.94-0.60.84-0.240.92-0.680.87-0.440.70.99-0.270.670.570.5-0.710.790.36-0.370.930.220.55-0.320.86-0.470.27
-0.80.95-0.410.63-0.87-0.68-0.780.62-0.75-0.69-0.02-0.54-0.74-0.830.93-0.88-0.650.79-0.6-0.23-0.870.78-0.820.8-0.06
0.89-0.690.69-0.360.860.87-0.78-0.50.940.90.030.580.840.55-0.840.750.64-0.580.810.350.56-0.490.84-0.550.27
-0.420.68-0.220.78-0.5-0.440.62-0.5-0.49-0.380.36-0.1-0.57-0.50.61-0.67-0.580.67-0.220.01-0.660.85-0.420.67-0.05
0.76-0.610.51-0.40.740.7-0.750.94-0.490.760.250.480.930.47-0.740.60.74-0.580.640.290.5-0.520.72-0.510.27
0.95-0.580.81-0.20.920.99-0.690.9-0.380.76-0.190.670.630.47-0.720.750.42-0.390.920.270.52-0.30.86-0.440.33
-0.120.08-0.130.18-0.16-0.27-0.020.030.360.25-0.19-0.040.26-0.130.09-0.250.23-0.05-0.130.13-0.20.12-0.080.130.06
0.69-0.550.59-0.160.670.67-0.540.58-0.10.480.67-0.040.30.42-0.510.610.08-0.240.750.330.31-0.210.66-0.440.0
0.68-0.60.43-0.370.680.57-0.740.84-0.570.930.630.260.30.49-0.710.60.93-0.720.50.340.54-0.550.68-0.420.45
0.69-0.840.42-0.440.750.5-0.830.55-0.50.470.47-0.130.420.49-0.850.850.44-0.750.530.190.9-0.610.78-0.64-0.17
-0.830.93-0.50.56-0.86-0.710.93-0.840.61-0.74-0.720.09-0.51-0.71-0.85-0.9-0.590.77-0.68-0.35-0.830.71-0.860.75-0.05
0.88-0.890.66-0.480.920.79-0.880.75-0.670.60.75-0.250.610.60.85-0.90.53-0.720.770.280.87-0.640.91-0.680.13
0.52-0.530.3-0.310.540.36-0.650.64-0.580.740.420.230.080.930.44-0.590.53-0.770.290.340.52-0.520.56-0.280.56
-0.560.8-0.330.47-0.62-0.370.79-0.580.67-0.58-0.39-0.05-0.24-0.72-0.750.77-0.72-0.77-0.3-0.31-0.720.73-0.630.5-0.14
0.94-0.530.89-0.030.890.93-0.60.81-0.220.640.92-0.130.750.50.53-0.680.770.29-0.30.320.52-0.130.9-0.340.28
0.39-0.250.420.220.340.22-0.230.350.010.290.270.130.330.340.19-0.350.280.34-0.310.32-0.020.060.440.050.18
0.68-0.830.34-0.580.760.55-0.870.56-0.660.50.52-0.20.310.540.9-0.830.870.52-0.720.52-0.02-0.710.74-0.70.02
-0.360.850.030.95-0.47-0.320.78-0.490.85-0.52-0.30.12-0.21-0.55-0.610.71-0.64-0.520.73-0.130.06-0.71-0.380.890.18
0.98-0.750.82-0.190.970.86-0.820.84-0.420.720.86-0.080.660.680.78-0.860.910.56-0.630.90.440.74-0.38-0.470.25
-0.470.87-0.070.91-0.56-0.470.8-0.550.67-0.51-0.440.13-0.44-0.42-0.640.75-0.68-0.280.5-0.340.05-0.70.89-0.470.34
0.30.080.330.30.250.27-0.060.27-0.050.270.330.060.00.45-0.17-0.050.130.56-0.140.280.180.020.180.250.34
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S P Account Relationship Matchups

S P fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets8.9B9.1B10.6B11.0B11.4B8.8B
Short Long Term Debt Total2.3B1.9B2.3B2.4B2.0B1.9B
Other Current Liab315.5M311.8M394.5M463.8M441.8M284.2M
Total Current Liabilities2.8B2.6B3.2B3.5B3.2B2.5B
Total Stockholder Equity5.2B5.6B6.4B6.7B7.6B4.5B
Property Plant And Equipment Net4.4B4.5B4.5B4.6B4.7B4.0B
Net Debt2.1B1.6B1.8B1.8B1.2B1.7B
Retained Earnings2.2B2.7B3.5B4.2B5.1B5.3B
Accounts Payable845.0M911.4M1.1B991.1M987.4M823.8M
Cash133.9M307.3M519.1M601.6M788.0M827.4M
Non Current Assets Total4.6B4.8B4.9B5.3B5.4B4.4B
Other Assets198.0M220.2M369.9M210.5M242.0M209.3M
Cash And Short Term Investments133.9M307.3M545.3M1.3B1.3B1.4B
Net Receivables1.4B1.2B1.5B1.0B1.7B1.4B
Short Term Investments580K0.026.2M726.2M502.8M527.9M
Liabilities And Stockholders Equity8.9B9.1B10.6B11.0B11.4B8.8B
Non Current Liabilities Total949.6M984.7M1.1B840.2M692.3M748.8M
Inventory2.3B2.4B3.3B3.0B2.7B2.2B
Other Current Assets146.2M88.7M185.4M289.9M372.4M221.2M
Total Liab3.8B3.6B4.3B4.3B3.8B3.2B
Total Current Assets4.3B4.3B5.7B5.7B6.0B4.4B
Accumulated Other Comprehensive Income(2.5B)35.0M39.0M(18.8M)61.1M64.1M
Short Term Debt1.6B1.4B1.6B2.1B1.7B1.4B
Intangible Assets1.8M1.1M180K62.2M3.4M3.2M
Other Liab333.6M437.6M465.8M397.7M457.4M435.3M
Net Tangible Assets5.2B5.5B6.3B6.7B7.7B4.2B
Long Term Debt264.8M547.1M673.9M157.9M55.5M52.8M
Short Long Term Debt1.6B1.3B1.5B2.0B1.7B1.7B
Property Plant Equipment4.4B4.5B4.5B4.6B5.3B3.9B
Current Deferred Revenue294.4M232.6M325.2M371.0M29.9M28.4M
Long Term Debt Total616.0M547.1M673.9M395.2M355.7M414.8M
Capital Lease Obligations356.0M337.8M312.8M284.9M255.7M218.6M
Net Invested Capital7.1B6.9B7.8B8.9B9.4B8.4B

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