Eyebright Interest Income vs Income Before Tax Analysis

688050 Stock   92.80  1.77  1.94%   
Eyebright Medical financial indicator trend analysis is much more than just examining Eyebright Medical latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Eyebright Medical is a good investment. Please check the relationship between Eyebright Medical Interest Income and its Income Before Tax accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Eyebright Medical Technology. 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.

Interest Income vs Income Before Tax

Interest Income vs Income Before Tax Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Eyebright Medical Interest Income account and Income Before Tax. At this time, the significance of the direction appears to have very strong relationship.
Interest IncomeIncome Before TaxDiversified AwayInterest IncomeIncome Before TaxDiversified Away100%
The correlation between Eyebright Medical's Interest Income and Income Before Tax is 0.8. Overlapping area represents the amount of variation of Interest Income that can explain the historical movement of Income Before Tax in the same time period over historical financial statements of Eyebright Medical Technology, assuming nothing else is changed. The correlation between historical values of Eyebright Medical's Interest Income 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 Interest Income of Eyebright Medical Technology 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 Interest Income i.e., Eyebright Medical's Interest Income and Income Before Tax go up and down completely randomly.

Correlation Coefficient

0.8
Relationship DirectionPositive 
Relationship StrengthStrong

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.

Income Before Tax

Income Before Tax which can also be referred as pre-tax income is reported on Eyebright Medical income statement and is an important metric when analyzing Eyebright Medical 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 Eyebright Medical's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Eyebright Medical 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 Eyebright Medical Technology. 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.
The current year's Selling General Administrative is expected to grow to about 261 M, whereas Tax Provision is forecasted to decline to about 25.8 M.
 2022 2024 2025 (projected)
Interest Expense2.0M11.3M11.8M
Depreciation And Amortization58.7M67.5M70.9M

Eyebright Medical fundamental ratios Correlations

0.950.140.950.990.97-0.560.970.910.960.980.760.980.940.950.960.150.870.950.86-0.360.970.890.270.910.95
0.950.370.850.960.87-0.690.880.780.960.880.780.950.820.850.820.320.910.850.92-0.340.870.90.350.780.94
0.140.37-0.130.25-0.04-0.54-0.02-0.240.25-0.030.460.22-0.17-0.04-0.140.570.47-0.090.5-0.17-0.070.410.6-0.250.24
0.950.85-0.130.910.99-0.340.990.990.860.990.630.911.00.990.98-0.050.711.00.69-0.30.990.740.120.990.89
0.990.960.250.910.94-0.650.940.860.970.940.790.990.90.90.920.240.910.910.91-0.380.940.930.320.860.95
0.970.87-0.040.990.94-0.381.00.980.881.00.690.940.990.990.98-0.030.751.00.74-0.330.990.790.190.970.91
-0.56-0.69-0.54-0.34-0.65-0.38-0.38-0.25-0.77-0.39-0.44-0.6-0.34-0.29-0.41-0.72-0.79-0.32-0.820.39-0.45-0.77-0.13-0.26-0.57
0.970.88-0.020.990.941.0-0.380.970.881.00.740.950.980.990.98-0.050.760.990.74-0.340.980.790.260.970.92
0.910.78-0.240.990.860.98-0.250.970.80.980.590.870.990.970.98-0.160.630.980.61-0.290.970.670.091.00.84
0.960.960.250.860.970.88-0.770.880.80.890.680.950.860.840.880.360.910.850.92-0.420.910.930.180.810.91
0.980.88-0.030.990.941.0-0.391.00.980.890.710.950.990.990.98-0.030.760.990.74-0.330.990.80.210.970.91
0.760.780.460.630.790.69-0.440.740.590.680.710.840.60.670.64-0.010.820.650.79-0.330.660.80.790.590.83
0.980.950.220.910.990.94-0.60.950.870.950.950.840.90.910.920.120.880.910.88-0.40.940.90.410.870.95
0.940.82-0.171.00.90.99-0.340.980.990.860.990.60.90.980.99-0.060.680.990.67-0.330.990.730.080.990.86
0.950.85-0.040.990.90.99-0.290.990.970.840.990.670.910.980.96-0.080.71.00.69-0.30.970.740.20.960.89
0.960.82-0.140.980.920.98-0.410.980.980.880.980.640.920.990.96-0.040.730.970.71-0.310.990.780.120.980.87
0.150.320.57-0.050.24-0.03-0.72-0.05-0.160.36-0.03-0.010.12-0.06-0.08-0.040.45-0.060.51-0.020.00.43-0.17-0.160.18
0.870.910.470.710.910.75-0.790.760.630.910.760.820.880.680.70.730.450.711.0-0.360.760.990.380.620.93
0.950.85-0.091.00.911.0-0.320.990.980.850.990.650.910.991.00.97-0.060.710.69-0.30.980.740.150.980.89
0.860.920.50.690.910.74-0.820.740.610.920.740.790.880.670.690.710.511.00.69-0.360.750.990.360.610.91
-0.36-0.34-0.17-0.3-0.38-0.330.39-0.34-0.29-0.42-0.33-0.33-0.4-0.33-0.3-0.31-0.02-0.36-0.3-0.36-0.34-0.35-0.15-0.29-0.38
0.970.87-0.070.990.940.99-0.450.980.970.910.990.660.940.990.970.990.00.760.980.75-0.340.80.150.970.9
0.890.90.410.740.930.79-0.770.790.670.930.80.80.90.730.740.780.430.990.740.99-0.350.80.340.670.93
0.270.350.60.120.320.19-0.130.260.090.180.210.790.410.080.20.12-0.170.380.150.36-0.150.150.340.090.33
0.910.78-0.250.990.860.97-0.260.971.00.810.970.590.870.990.960.98-0.160.620.980.61-0.290.970.670.090.83
0.950.940.240.890.950.91-0.570.920.840.910.910.830.950.860.890.870.180.930.890.91-0.380.90.930.330.83
Click cells to compare fundamentals

Eyebright Medical Account Relationship Matchups

Eyebright Medical fundamental ratios Accounts

202020212022202320242025 (projected)
Total Assets1.6B2.0B2.2B3.1B3.5B3.7B
Short Long Term Debt Total7.7M894.5K154.8M162.8M187.2M196.6M
Other Current Liab74.9M133.9M133.9M137.3K157.9K150.0K
Total Current Liabilities77.1M139.4M147.7M377.8M434.4M456.2M
Total Stockholder Equity1.5B1.7B1.9B2.1B2.4B2.6B
Property Plant And Equipment Net267.1M558.7M674.2M1.3B1.4B1.5B
Net Debt(195.4M)(536.8M)(318.0M)(192.1M)(172.9M)(181.5M)
Retained Earnings90.0M213.5M391.4M647.2M744.3M781.5M
Accounts Payable2.2M5.6M13.9M49.0M56.4M59.2M
Cash536.8M472.9M354.9M536.7M617.2M648.0M
Non Current Assets Total492.4M928.9M1.2B2.0B2.3B2.5B
Non Currrent Assets Other87.2M86.2M317.6M170.0M195.5M107.0M
Cash And Short Term Investments196.3M537.1M473.4M836.9M962.4M1.0B
Common Stock Shares Outstanding89.4M105.1M105.3M189.5M217.9M228.8M
Liabilities And Stockholders Equity685.8M1.6B2.0B2.2B2.6B2.7B
Non Current Liabilities Total13.8M168.0M176.6M328.1M377.3M396.2M
Inventory59.1M56.0M78.8M181.4M208.6M219.0M
Other Current Assets466.6M504.1M11.3M36.5M41.9M39.8M
Other Stockholder Equity536.2M1.3B1.4B1.4B1.6B845.9M
Total Liab90.9M307.5M324.3M705.9M811.7M852.3M
Total Current Assets1.1B1.1B1.1B1.0B1.2B718.5M
Intangible Assets112.9M127.8M140.3M252.2M290.0M304.5M
Common Stock78.8M78.8M105.1M105.2M121.0M93.5M
Net Receivables74.2M67.8M103.5M212.8M244.7M257.0M
Net Invested Capital1.5B1.8B2.0B2.5B2.9B1.9B
Non Current Liabilities Other1.2M1.6M643.9K1.1M1.3M1.1M
Net Working Capital1.1B979.3M913.6M645.1M741.9M862.1M

Currently Active Assets on Macroaxis

Other Information on Investing in Eyebright Stock

Balance Sheet is a snapshot of the financial position of Eyebright Medical at a specified time, usually calculated after every quarter, six months, or one year. Eyebright Medical Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Eyebright Medical 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 Eyebright currently owns. An asset can also be divided into two categories, current and non-current.