| XST Stock | | | 0.01 0.00 0.00% |
Xstate Resources financial indicator trend analysis is more than just analyzing Xstate Resources current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Xstate Resources is a good investment. Please check the relationship between Xstate Resources Net Income and its Depreciation accounts. Check out
Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Xstate Resources. 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.
Net Income vs Depreciation
Net Income vs Depreciation Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Xstate Resources Net Income account and
Depreciation. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Xstate Resources' Net Income and Depreciation is -0.08. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Depreciation in the same time period over historical financial statements of Xstate Resources, assuming nothing else is changed. The correlation between historical values of Xstate Resources' Net Income and Depreciation 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 Xstate Resources are associated (or correlated) with its Depreciation. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Depreciation has no effect on the direction of Net Income i.e., Xstate Resources' Net Income and Depreciation go up and down completely randomly.
Correlation Coefficient | -0.08 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Xstate Resources financial statement analysis. It represents the amount of money remaining after all of Xstate Resources operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.
Depreciation
Depreciation indicates how much of Xstate Resources value has been used up. For tax purposes Xstate Resources can deduct the cost of the tangible assets it purchases as business expenses. However, Xstate Resources must depreciate these assets in accordance with IRS rules about how and when the deduction may be taken, and how long it will last. The systematic allocation of the cost of a tangible asset over its useful life.
Most indicators from Xstate Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Xstate Resources 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 Current Watchlist to better understand how to build diversified portfolios, which includes a position in Xstate Resources. 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, Xstate Resources'
Tax Provision is comparatively stable compared to the past year.
Issuance Of Capital Stock is likely to gain to about 6.1
M in 2024, whereas
Selling General Administrative is likely to drop slightly above 366.6
K in 2024.
Xstate Resources fundamental ratios Correlations
Click cells to compare fundamentals
Xstate Resources Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Xstate Resources fundamental ratios Accounts
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Additional Tools for Xstate Stock Analysis
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