Empyrean Income Before Tax vs Interest Income Analysis

301269 Stock

125.94 1.93 1.56%

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

Income Before Tax vs Interest Income

Income Before Tax vs Interest Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Empyrean Technology Income Before Tax account and Interest Income. At this time, the significance of the direction appears to have very strong relationship.

The correlation between Empyrean Technology's Income Before Tax and Interest Income is 0.82. Overlapping area represents the amount of variation of Income Before Tax that can explain the historical movement of Interest Income in the same time period over historical financial statements of Empyrean Technology Co, assuming nothing else is changed. The correlation between historical values of Empyrean Technology's Income Before Tax and 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 Empyrean Technology Co are associated (or correlated) with its Interest Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Interest Income has no effect on the direction of Income Before Tax i.e., Empyrean Technology's Income Before Tax and Interest Income go up and down completely randomly.

Correlation Coefficient

0.82

Relationship Direction	Positive
Relationship Strength	Strong

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Income Before Tax

Income Before Tax which can also be referred as pre-tax income is reported on Empyrean Technology income statement and is an important metric when analyzing Empyrean Technology 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.

Interest Income

Income earned from the investment of cash or from lending money to others, including interest from bank accounts, bonds, or other interest-bearing investments.

Most indicators from Empyrean Technology's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Empyrean Technology 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Empyrean Technology Co. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

As of December 1, 2024, Selling General Administrative is expected to decline to about 134 M. In addition to that, Tax Provision is expected to decline to about (352.3 K)

	2021	2022	2023	2024 (projected)
Interest Income	2.4M	35.2M	63.1M	66.3M
Net Interest Income	341.4K	23.4M	60.6M	63.7M

Interest Income Net Interest Income

Empyrean Technology fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Total Liab	Net Invested Capital	Total Current Assets	Capital Stock	Net Working Capital	Intangible Assets	Property Plant And Equipment Net	Non Currrent Assets Other	Long Term Debt	Capital Lease Obligations	Property Plant And Equipment Gross	Short Term Investments	Good Will
Total Assets		0.07	0.96	1.0	0.88	-0.44	0.92	0.95	0.88	0.95	0.69	0.7	0.82	0.84	1.0	0.99	0.91	0.98	0.86	0.92	0.81	-0.76	-0.52	0.94	0.98	-0.54
Other Current Liab	0.07		0.33	-0.02	0.13	0.8	0.05	0.3	0.41	-0.07	0.76	0.12	0.59	0.6	0.02	-0.03	0.42	-0.07	0.55	0.38	0.1	0.51	-0.13	0.32	-0.1	-0.22
Total Current Liabilities	0.96	0.33		0.94	0.88	-0.2	0.88	0.99	0.94	0.9	0.84	0.66	0.94	0.95	0.95	0.92	0.97	0.9	0.96	0.97	0.81	-0.58	-0.47	0.98	0.91	-0.58
Total Stockholder Equity	1.0	-0.02	0.94		0.88	-0.51	0.92	0.93	0.84	0.96	0.62	0.69	0.77	0.78	1.0	0.99	0.88	0.99	0.82	0.89	0.81	-0.81	-0.51	0.92	0.99	-0.52
Retained Earnings	0.88	0.13	0.88	0.88		-0.4	0.98	0.87	0.79	0.92	0.6	0.65	0.77	0.75	0.88	0.86	0.79	0.85	0.77	0.91	0.96	-0.7	-0.42	0.93	0.89	-0.84
Accounts Payable	-0.44	0.8	-0.2	-0.51	-0.4		-0.52	-0.2	-0.12	-0.53	0.3	-0.27	0.14	0.09	-0.49	-0.54	-0.12	-0.56	0.03	-0.13	-0.43	0.9	0.28	-0.19	-0.58	0.26
Cash	0.92	0.05	0.88	0.92	0.98	-0.52		0.87	0.82	0.94	0.58	0.62	0.72	0.74	0.92	0.9	0.82	0.9	0.77	0.87	0.96	-0.81	-0.47	0.89	0.93	-0.81
Non Current Assets Total	0.95	0.3	0.99	0.93	0.87	-0.2	0.87		0.96	0.92	0.8	0.54	0.93	0.91	0.94	0.89	0.96	0.88	0.95	0.95	0.83	-0.6	-0.33	0.96	0.9	-0.6
Net Receivables	0.88	0.41	0.94	0.84	0.79	-0.12	0.82	0.96		0.83	0.84	0.41	0.9	0.92	0.86	0.81	0.99	0.79	0.96	0.86	0.79	-0.53	-0.3	0.88	0.81	-0.61
Common Stock Shares Outstanding	0.95	-0.07	0.9	0.96	0.92	-0.53	0.94	0.92	0.83		0.52	0.52	0.74	0.71	0.96	0.93	0.83	0.92	0.76	0.85	0.9	-0.83	-0.28	0.89	0.98	-0.65
Non Current Liabilities Total	0.69	0.76	0.84	0.62	0.6	0.3	0.58	0.8	0.84	0.52		0.55	0.93	0.97	0.64	0.61	0.89	0.58	0.94	0.83	0.51	-0.1	-0.48	0.8	0.54	-0.41
Inventory	0.7	0.12	0.66	0.69	0.65	-0.27	0.62	0.54	0.41	0.52	0.55		0.56	0.62	0.69	0.74	0.54	0.74	0.56	0.74	0.43	-0.4	-0.89	0.71	0.65	-0.27
Other Current Assets	0.82	0.59	0.94	0.77	0.77	0.14	0.72	0.93	0.9	0.74	0.93	0.56		0.97	0.79	0.74	0.93	0.71	0.97	0.95	0.7	-0.28	-0.33	0.93	0.72	-0.54
Total Liab	0.84	0.6	0.95	0.78	0.75	0.09	0.74	0.91	0.92	0.71	0.97	0.62	0.97		0.81	0.77	0.96	0.75	0.99	0.93	0.66	-0.32	-0.5	0.91	0.72	-0.5
Net Invested Capital	1.0	0.02	0.95	1.0	0.88	-0.49	0.92	0.94	0.86	0.96	0.64	0.69	0.79	0.81		0.99	0.89	0.99	0.84	0.9	0.81	-0.79	-0.51	0.93	0.99	-0.53
Total Current Assets	0.99	-0.03	0.92	0.99	0.86	-0.54	0.9	0.89	0.81	0.93	0.61	0.74	0.74	0.77	0.99		0.86	1.0	0.8	0.88	0.77	-0.81	-0.59	0.9	0.98	-0.49
Capital Stock	0.91	0.42	0.97	0.88	0.79	-0.12	0.82	0.96	0.99	0.83	0.89	0.54	0.93	0.96	0.89	0.86		0.84	0.98	0.91	0.75	-0.53	-0.43	0.91	0.83	-0.55
Net Working Capital	0.98	-0.07	0.9	0.99	0.85	-0.56	0.9	0.88	0.79	0.92	0.58	0.74	0.71	0.75	0.99	1.0	0.84		0.77	0.86	0.76	-0.82	-0.6	0.88	0.98	-0.47
Intangible Assets	0.86	0.55	0.96	0.82	0.77	0.03	0.77	0.95	0.96	0.76	0.94	0.56	0.97	0.99	0.84	0.8	0.98	0.77		0.93	0.71	-0.39	-0.42	0.92	0.76	-0.54
Property Plant And Equipment Net	0.92	0.38	0.97	0.89	0.91	-0.13	0.87	0.95	0.86	0.85	0.83	0.74	0.95	0.93	0.9	0.88	0.91	0.86	0.93		0.81	-0.5	-0.5	1.0	0.86	-0.62
Non Currrent Assets Other	0.81	0.1	0.81	0.81	0.96	-0.43	0.96	0.83	0.79	0.9	0.51	0.43	0.7	0.66	0.81	0.77	0.75	0.76	0.71	0.81		-0.72	-0.24	0.84	0.84	-0.92
Long Term Debt	-0.76	0.51	-0.58	-0.81	-0.7	0.9	-0.81	-0.6	-0.53	-0.83	-0.1	-0.4	-0.28	-0.32	-0.79	-0.81	-0.53	-0.82	-0.39	-0.5	-0.72		0.33	-0.56	-0.85	0.5
Capital Lease Obligations	-0.52	-0.13	-0.47	-0.51	-0.42	0.28	-0.47	-0.33	-0.3	-0.28	-0.48	-0.89	-0.33	-0.5	-0.51	-0.59	-0.43	-0.6	-0.42	-0.5	-0.24	0.33		-0.47	-0.45	0.14
Property Plant And Equipment Gross	0.94	0.32	0.98	0.92	0.93	-0.19	0.89	0.96	0.88	0.89	0.8	0.71	0.93	0.91	0.93	0.9	0.91	0.88	0.92	1.0	0.84	-0.56	-0.47		0.9	-0.64
Short Term Investments	0.98	-0.1	0.91	0.99	0.89	-0.58	0.93	0.9	0.81	0.98	0.54	0.65	0.72	0.72	0.99	0.98	0.83	0.98	0.76	0.86	0.84	-0.85	-0.45	0.9		-0.56
Good Will	-0.54	-0.22	-0.58	-0.52	-0.84	0.26	-0.81	-0.6	-0.61	-0.65	-0.41	-0.27	-0.54	-0.5	-0.53	-0.49	-0.55	-0.47	-0.54	-0.62	-0.92	0.5	0.14	-0.64	-0.56

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Balance Sheet is a snapshot of the financial position of Empyrean Technology at a specified time, usually calculated after every quarter, six months, or one year. Empyrean Technology Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Empyrean Technology and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Empyrean currently owns. An asset can also be divided into two categories, current and non-current.

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Empyrean Income Before Tax vs Interest Income Analysis

Income Before Tax vs Interest Income

Income Before Tax vs Interest Income Correlation Analysis

Correlation Coefficient

Income Before Tax

Interest Income

Empyrean Technology fundamental ratios Correlations

Empyrean Technology Account Relationship Matchups

High Positive Relationship

High Negative Relationship

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COMMON DESTINATIONS

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Total Stockholder Equity	+ 1.0	Total Assets
Net Invested Capital	+ 1.0	Total Assets
Net Invested Capital	+ 1.0	Total Stockholder Equity
Net Working Capital	+ 1.0	Total Current Assets
Property Plant And Equipment Gross	+ 1.0	Property Plant And Equipment Net
Total Current Assets	+ 0.99	Total Assets

Good Will	- 0.92	Non Currrent Assets Other
Capital Lease Obligations	- 0.89	Inventory
Short Term Investments	- 0.85	Long Term Debt
Good Will	- 0.84	Retained Earnings
Long Term Debt	- 0.83	Common Stock Shares Outstanding
Long Term Debt	- 0.82	Net Working Capital