Road Ebitda vs Minority Interest Analysis

688156 Stock

13.01 0.29 2.18%

Road Environment financial indicator trend analysis is much more than just breaking down Road Environment Tec prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Road Environment Tec is a good investment. Please check the relationship between Road Environment Ebitda and its Minority Interest accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Road Environment 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.

Ebitda vs Minority Interest

Ebitda vs Minority Interest Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Road Environment Tec Ebitda account and Minority Interest. At this time, the significance of the direction appears to have strong relationship.

The correlation between Road Environment's Ebitda and Minority Interest is 0.62. Overlapping area represents the amount of variation of Ebitda that can explain the historical movement of Minority Interest in the same time period over historical financial statements of Road Environment Technology, assuming nothing else is changed. The correlation between historical values of Road Environment's Ebitda and Minority Interest is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Ebitda of Road Environment Technology are associated (or correlated) with its Minority Interest. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Minority Interest has no effect on the direction of Ebitda i.e., Road Environment's Ebitda and Minority Interest go up and down completely randomly.

Correlation Coefficient

0.62

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Ebitda

Minority Interest

Minority Interest is the portion of a subsidiary corporation stock that is not owned by the parent corporation. The magnitude of the minority interest in the subsidiary company is generally less than 50% of outstanding shares, otherwise the corporation would generally cease to be a subsidiary of the parent. Minority Interest can also be called non-controlling interest.All shareholders of Road Environment Technology whose combined shares represent less than 50% of the total outstanding shares issued by Road Environment have a minority interest in Road Environment.

Most indicators from Road Environment's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Road Environment Tec 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 Road Environment 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 Tax Provision is expected to grow to about 7.5 M, whereas Selling General Administrative is forecasted to decline to about 19.1 M.

	2021	2022	2023	2024 (projected)
Interest Expense	1.4M	2.1M	6.8M	7.1M
Interest Income	3.2M	4.2M	3.3M	2.8M

Interest Expense Interest Income

Road Environment fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Total Liab	Net Invested Capital	Short Long Term Debt	Total Current Assets	Capital Stock	Non Current Liabilities Other	Net Working Capital	Intangible Assets	Property Plant And Equipment Net	Property Plant And Equipment Gross	Short Term Investments	Long Term Debt
Total Assets		0.9	0.9	0.96	0.97	0.82	0.67	0.89	0.9	0.95	0.95	0.85	0.89	0.56	0.9	0.99	0.86	0.94	0.95	-0.62	0.69	0.86	0.88	0.9	0.78	0.77
Other Current Liab	0.9		0.89	0.81	0.88	0.81	0.39	0.87	0.91	0.91	0.78	0.88	0.87	0.65	0.91	0.88	0.85	0.8	0.78	-0.57	0.51	0.82	0.86	0.89	0.9	0.7
Total Current Liabilities	0.9	0.89		0.75	0.78	0.98	0.28	1.0	0.88	0.77	0.74	0.87	0.88	0.76	1.0	0.85	0.88	0.69	0.74	-0.63	0.3	0.86	0.99	0.99	0.71	0.89
Total Stockholder Equity	0.96	0.81	0.75		0.98	0.64	0.84	0.73	0.82	0.96	0.99	0.74	0.82	0.38	0.75	0.98	0.76	0.99	0.99	-0.56	0.85	0.78	0.73	0.76	0.71	0.65
Retained Earnings	0.97	0.88	0.78	0.98		0.67	0.76	0.76	0.86	0.99	0.97	0.77	0.84	0.42	0.78	0.98	0.78	0.98	0.97	-0.57	0.81	0.81	0.75	0.78	0.75	0.65
Accounts Payable	0.82	0.81	0.98	0.64	0.67		0.15	0.99	0.82	0.66	0.63	0.83	0.83	0.79	0.97	0.76	0.84	0.57	0.63	-0.62	0.15	0.83	0.98	0.97	0.6	0.91
Cash	0.67	0.39	0.28	0.84	0.76	0.15		0.27	0.46	0.73	0.85	0.36	0.47	-0.05	0.28	0.74	0.39	0.87	0.85	-0.33	0.97	0.44	0.27	0.3	0.4	0.26
Non Current Assets Total	0.89	0.87	1.0	0.73	0.76	0.99	0.27		0.87	0.75	0.73	0.87	0.87	0.77	1.0	0.84	0.87	0.67	0.73	-0.63	0.28	0.85	1.0	1.0	0.7	0.89
Non Currrent Assets Other	0.9	0.91	0.88	0.82	0.86	0.82	0.46	0.87		0.86	0.84	0.98	0.99	0.82	0.88	0.88	0.99	0.79	0.84	-0.85	0.51	0.97	0.89	0.91	0.85	0.88
Net Receivables	0.95	0.91	0.77	0.96	0.99	0.66	0.73	0.75	0.86		0.94	0.78	0.83	0.42	0.78	0.96	0.78	0.97	0.94	-0.54	0.81	0.79	0.73	0.77	0.8	0.61
Common Stock Shares Outstanding	0.95	0.78	0.74	0.99	0.97	0.63	0.85	0.73	0.84	0.94		0.77	0.84	0.43	0.74	0.98	0.79	0.98	1.0	-0.63	0.85	0.81	0.73	0.76	0.71	0.68
Non Current Liabilities Total	0.85	0.88	0.87	0.74	0.77	0.83	0.36	0.87	0.98	0.78	0.77		0.98	0.88	0.88	0.82	0.99	0.71	0.77	-0.86	0.4	0.94	0.9	0.92	0.87	0.89
Inventory	0.89	0.87	0.88	0.82	0.84	0.83	0.47	0.87	0.99	0.83	0.84	0.98		0.84	0.88	0.87	1.0	0.78	0.84	-0.89	0.49	0.99	0.89	0.91	0.81	0.92
Other Current Assets	0.56	0.65	0.76	0.38	0.42	0.79	-0.05	0.77	0.82	0.42	0.43	0.88	0.84		0.76	0.49	0.89	0.32	0.43	-0.87	-0.04	0.84	0.81	0.8	0.63	0.89
Total Liab	0.9	0.91	1.0	0.75	0.78	0.97	0.28	1.0	0.88	0.78	0.74	0.88	0.88	0.76		0.85	0.88	0.69	0.74	-0.61	0.31	0.85	0.99	0.99	0.75	0.86
Net Invested Capital	0.99	0.88	0.85	0.98	0.98	0.76	0.74	0.84	0.88	0.96	0.98	0.82	0.87	0.49	0.85		0.83	0.97	0.98	-0.59	0.76	0.83	0.83	0.86	0.77	0.73
Short Long Term Debt	0.86	0.85	0.88	0.76	0.78	0.84	0.39	0.87	0.99	0.78	0.79	0.99	1.0	0.89	0.88	0.83		0.72	0.79	-0.9	0.41	0.98	0.9	0.92	0.8	0.93
Total Current Assets	0.94	0.8	0.69	0.99	0.98	0.57	0.87	0.67	0.79	0.97	0.98	0.71	0.78	0.32	0.69	0.97	0.72		0.98	-0.52	0.9	0.74	0.66	0.7	0.72	0.57
Capital Stock	0.95	0.78	0.74	0.99	0.97	0.63	0.85	0.73	0.84	0.94	1.0	0.77	0.84	0.43	0.74	0.98	0.79	0.98		-0.63	0.85	0.81	0.73	0.76	0.71	0.68
Non Current Liabilities Other	-0.62	-0.57	-0.63	-0.56	-0.57	-0.62	-0.33	-0.63	-0.85	-0.54	-0.63	-0.86	-0.89	-0.87	-0.61	-0.59	-0.9	-0.52	-0.63		-0.3	-0.91	-0.67	-0.69	-0.58	-0.88
Net Working Capital	0.69	0.51	0.3	0.85	0.81	0.15	0.97	0.28	0.51	0.81	0.85	0.4	0.49	-0.04	0.31	0.76	0.41	0.9	0.85	-0.3		0.45	0.27	0.31	0.52	0.21
Intangible Assets	0.86	0.82	0.86	0.78	0.81	0.83	0.44	0.85	0.97	0.79	0.81	0.94	0.99	0.84	0.85	0.83	0.98	0.74	0.81	-0.91	0.45		0.87	0.89	0.71	0.94
Property Plant And Equipment Net	0.88	0.86	0.99	0.73	0.75	0.98	0.27	1.0	0.89	0.73	0.73	0.9	0.89	0.81	0.99	0.83	0.9	0.66	0.73	-0.67	0.27	0.87		1.0	0.72	0.91
Property Plant And Equipment Gross	0.9	0.89	0.99	0.76	0.78	0.97	0.3	1.0	0.91	0.77	0.76	0.92	0.91	0.8	0.99	0.86	0.92	0.7	0.76	-0.69	0.31	0.89	1.0		0.75	0.91
Short Term Investments	0.78	0.9	0.71	0.71	0.75	0.6	0.4	0.7	0.85	0.8	0.71	0.87	0.81	0.63	0.75	0.77	0.8	0.72	0.71	-0.58	0.52	0.71	0.72	0.75		0.56
Long Term Debt	0.77	0.7	0.89	0.65	0.65	0.91	0.26	0.89	0.88	0.61	0.68	0.89	0.92	0.89	0.86	0.73	0.93	0.57	0.68	-0.88	0.21	0.94	0.91	0.91	0.56

Click cells to compare fundamentals

Road Environment Account Relationship Matchups

Currently Active Assets on Macroaxis

TITAN	Titan Company Limited
U	Unity Software
PAYC	Paycom Soft
HBI	Hanesbrands
STLD	Steel Dynamics

Other Information on Investing in Road Stock

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

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC

Road Ebitda vs Minority Interest Analysis

Ebitda vs Minority Interest

Ebitda vs Minority Interest Correlation Analysis

Correlation Coefficient

Ebitda

Minority Interest

Road Environment fundamental ratios Correlations

Road Environment Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Currently Active Assets on Macroaxis

Other Information on Investing in Road Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Assets Total	+ 1.0	Total Current Liabilities
Total Liab	+ 1.0	Total Current Liabilities
Total Liab	+ 1.0	Non Current Assets Total
Property Plant And Equipment Net	+ 1.0	Non Current Assets Total
Property Plant And Equipment Gross	+ 1.0	Non Current Assets Total
Capital Stock	+ 1.0	Common Stock Shares Outstanding

Intangible Assets	- 0.91	Non Current Liabilities Other
Non Current Liabilities Other	- 0.9	Short Long Term Debt
Non Current Liabilities Other	- 0.89	Inventory
Long Term Debt	- 0.88	Non Current Liabilities Other
Non Current Liabilities Other	- 0.87	Other Current Assets
Non Current Liabilities Other	- 0.86	Non Current Liabilities Total