Advanced Net Income vs Ebit Analysis

ABV Stock

0.08 0 1.22%

Advanced Braking financial indicator trend analysis is way more than just evaluating Advanced Braking Tec prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Advanced Braking Tec is a good investment. Please check the relationship between Advanced Braking Net Income and its Ebit accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Advanced Braking 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 board of governors.

Net Income vs Ebit

Net Income vs Ebit Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Advanced Braking Tec Net Income account and Ebit. At this time, the significance of the direction appears to have totally related.

The correlation between Advanced Braking's Net Income and Ebit is 0.99. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Ebit in the same time period over historical financial statements of Advanced Braking Technology, assuming nothing else is changed. The correlation between historical values of Advanced Braking's Net Income and Ebit 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 Advanced Braking Technology are associated (or correlated) with its Ebit. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Ebit has no effect on the direction of Net Income i.e., Advanced Braking's Net Income and Ebit go up and down completely randomly.

Correlation Coefficient

0.99

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in Advanced Braking Tec financial statement analysis. It represents the amount of money remaining after all of Advanced Braking Technology operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

Ebit

Most indicators from Advanced Braking's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Advanced Braking 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 Advanced Braking 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 board of governors.

Selling General Administrative is likely to gain to about 4.9 M in 2024, whereas Issuance Of Capital Stock is likely to drop slightly above 1.2 M in 2024.

	2021	2023	2024 (projected)
Interest Expense	85K	139K	172.8K
Depreciation And Amortization	267K	387K	599.4K

Interest Expense Depreciation And Amortization

Advanced Braking fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Accounts Payable	Cash	Non Current Assets Total	Cash And Short Term Investments	Good Will	Common Stock Total Equity	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Intangible Assets	Common Stock	Retained Earnings	Non Currrent Assets Other
Total Assets		0.18	0.77	0.13	0.89	0.2	-0.19	-0.46	-0.24	0.85	0.87	0.86	0.75	-0.59	-0.34	0.04	0.01	-0.06	0.13	0.32	0.16	0.29	0.81	-0.71	0.85	0.59
Short Long Term Debt Total	0.18		0.45	0.51	-0.04	-0.31	-0.64	0.68	-0.32	0.23	0.34	0.23	0.48	-0.48	-0.55	0.5	-0.46	0.29	0.84	-0.46	-0.29	0.63	0.36	-0.51	0.41	-0.37
Other Current Liab	0.77	0.45		0.3	0.69	-0.19	-0.57	-0.11	-0.49	0.67	0.91	0.67	0.98	-0.84	-0.42	0.0	-0.36	0.07	0.24	-0.19	-0.16	0.59	0.88	-0.89	0.9	0.21
Total Current Liabilities	0.13	0.51	0.3		-0.07	-0.18	-0.73	0.45	0.13	0.0	0.14	0.0	0.34	-0.1	-0.05	-0.27	-0.14	-0.1	0.59	-0.32	-0.14	0.78	0.13	-0.16	0.15	0.0
Total Stockholder Equity	0.89	-0.04	0.69	-0.07		0.39	-0.01	-0.64	-0.3	0.77	0.83	0.77	0.66	-0.62	-0.14	-0.13	0.23	-0.19	-0.19	0.52	0.38	0.18	0.73	-0.69	0.76	0.75
Property Plant And Equipment Net	0.2	-0.31	-0.19	-0.18	0.39		0.57	-0.48	0.45	0.2	-0.1	0.2	-0.28	0.28	0.57	0.09	0.93	-0.67	-0.11	0.85	0.89	-0.42	-0.28	0.25	-0.21	0.67
Current Deferred Revenue	-0.19	-0.64	-0.57	-0.73	-0.01	0.57		-0.56	0.52	-0.03	-0.47	-0.02	-0.65	0.53	0.48	0.28	0.6	-0.37	-0.38	0.64	0.62	-0.95	-0.52	0.54	-0.49	0.3
Net Debt	-0.46	0.68	-0.11	0.45	-0.64	-0.48	-0.56		-0.16	-0.54	-0.23	-0.54	-0.05	0.03	-0.29	0.23	-0.46	0.41	0.58	-0.62	-0.54	0.45	-0.15	0.06	-0.18	-0.69
Accounts Payable	-0.24	-0.32	-0.49	0.13	-0.3	0.45	0.52	-0.16		-0.14	-0.62	-0.13	-0.56	0.77	0.7	0.15	0.56	-0.68	0.21	0.29	0.53	-0.51	-0.69	0.72	-0.64	0.17
Cash	0.85	0.23	0.67	0.0	0.77	0.2	-0.03	-0.54	-0.14		0.71	1.0	0.63	-0.56	-0.31	0.27	0.0	-0.14	0.22	0.23	0.28	0.13	0.64	-0.65	0.73	0.45
Non Current Assets Total	0.87	0.34	0.91	0.14	0.83	-0.1	-0.47	-0.23	-0.62	0.71		0.71	0.93	-0.89	-0.56	-0.06	-0.3	0.22	0.06	0.05	-0.15	0.55	0.98	-0.95	0.98	0.4
Cash And Short Term Investments	0.86	0.23	0.67	0.0	0.77	0.2	-0.02	-0.54	-0.13	1.0	0.71		0.62	-0.55	-0.3	0.27	0.01	-0.15	0.22	0.23	0.29	0.12	0.64	-0.64	0.73	0.46
Good Will	0.75	0.48	0.98	0.34	0.66	-0.28	-0.65	-0.05	-0.56	0.63	0.93	0.62		-0.86	-0.48	-0.07	-0.44	0.15	0.21	-0.26	-0.27	0.68	0.92	-0.91	0.93	0.15
Common Stock Total Equity	-0.59	-0.48	-0.84	-0.1	-0.62	0.28	0.53	0.03	0.77	-0.56	-0.89	-0.55	-0.86		0.67	-0.02	0.47	-0.36	-0.09	0.15	0.28	-0.59	-0.9	0.98	-0.9	-0.17
Common Stock Shares Outstanding	-0.34	-0.55	-0.42	-0.05	-0.14	0.57	0.48	-0.29	0.7	-0.31	-0.56	-0.3	-0.48	0.67		-0.23	0.74	-0.85	-0.26	0.31	0.61	-0.46	-0.68	0.68	-0.66	0.16
Non Current Liabilities Total	0.04	0.5	0.0	-0.27	-0.13	0.09	0.28	0.23	0.15	0.27	-0.06	0.27	-0.07	-0.02	-0.23		-0.08	0.05	0.62	-0.03	0.11	-0.34	-0.07	-0.05	0.01	-0.25
Inventory	0.01	-0.46	-0.36	-0.14	0.23	0.93	0.6	-0.46	0.56	0.0	-0.3	0.01	-0.44	0.47	0.74	-0.08		-0.73	-0.22	0.81	0.9	-0.46	-0.46	0.45	-0.42	0.6
Other Stockholder Equity	-0.06	0.29	0.07	-0.1	-0.19	-0.67	-0.37	0.41	-0.68	-0.14	0.22	-0.15	0.15	-0.36	-0.85	0.05	-0.73		0.0	-0.4	-0.75	0.29	0.38	-0.34	0.31	-0.36
Total Liab	0.13	0.84	0.24	0.59	-0.19	-0.11	-0.38	0.58	0.21	0.22	0.06	0.22	0.21	-0.09	-0.26	0.62	-0.22	0.0		-0.33	-0.06	0.35	0.05	-0.16	0.12	-0.26
Property Plant And Equipment Gross	0.32	-0.46	-0.19	-0.32	0.52	0.85	0.64	-0.62	0.29	0.23	0.05	0.23	-0.26	0.15	0.31	-0.03	0.81	-0.4	-0.33		0.76	-0.44	-0.07	0.12	-0.05	0.84
Total Current Assets	0.16	-0.29	-0.16	-0.14	0.38	0.89	0.62	-0.54	0.53	0.28	-0.15	0.29	-0.27	0.28	0.61	0.11	0.9	-0.75	-0.06	0.76		-0.43	-0.32	0.23	-0.24	0.63
Short Term Debt	0.29	0.63	0.59	0.78	0.18	-0.42	-0.95	0.45	-0.51	0.13	0.55	0.12	0.68	-0.59	-0.46	-0.34	-0.46	0.29	0.35	-0.44	-0.43		0.57	-0.61	0.55	-0.08
Intangible Assets	0.81	0.36	0.88	0.13	0.73	-0.28	-0.52	-0.15	-0.69	0.64	0.98	0.64	0.92	-0.9	-0.68	-0.07	-0.46	0.38	0.05	-0.07	-0.32	0.57		-0.95	0.99	0.28
Common Stock	-0.71	-0.51	-0.89	-0.16	-0.69	0.25	0.54	0.06	0.72	-0.65	-0.95	-0.64	-0.91	0.98	0.68	-0.05	0.45	-0.34	-0.16	0.12	0.23	-0.61	-0.95		-0.96	-0.22
Retained Earnings	0.85	0.41	0.9	0.15	0.76	-0.21	-0.49	-0.18	-0.64	0.73	0.98	0.73	0.93	-0.9	-0.66	0.01	-0.42	0.31	0.12	-0.05	-0.24	0.55	0.99	-0.96		0.3
Non Currrent Assets Other	0.59	-0.37	0.21	0.0	0.75	0.67	0.3	-0.69	0.17	0.45	0.4	0.46	0.15	-0.17	0.16	-0.25	0.6	-0.36	-0.26	0.84	0.63	-0.08	0.28	-0.22	0.3

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Advanced Braking Account Relationship Matchups

Advanced Braking fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	6.0M	6.8M	7.7M	11.0M	12.8M	6.5M
Short Long Term Debt Total	527K	689K	191K	1.4M	1.4M	1.3M
Other Current Liab	651K	311K	688K	768K	644K	710.0K
Total Stockholder Equity	4.0M	4.7M	5.3M	6.9M	8.9M	9.3M
Property Plant And Equipment Net	779K	872K	383K	2.0M	1.9M	2.0M
Current Deferred Revenue	(449K)	(338K)	(192K)	(264K)	218K	228.9K
Net Debt	11K	(722K)	(1.5M)	(668K)	(977K)	(928.2K)
Accounts Payable	771K	1.1M	1.4M	1.8M	1.9M	957.5K
Cash	516K	1.4M	1.7M	2.0M	2.4M	1.6M
Non Current Assets Total	1.5M	1.5M	926K	2.5M	2.3M	2.8M
Cash And Short Term Investments	516K	1.4M	1.7M	2.0M	2.5M	1.6M
Common Stock Shares Outstanding	349.1M	410.1M	413.9M	404.6M	411.3M	431.8M
Liabilities And Stockholders Equity	6.0M	6.8M	7.7M	11.0M	12.8M	6.5M
Non Current Liabilities Total	486K	424.0K	6K	1.1M	1.1M	621.5K
Inventory	2.0M	1.8M	2.2M	3.4M	3.6M	3.8M
Other Stockholder Equity	1.0	(4.4M)	(5.1M)	(6.6M)	(5.9M)	(5.6M)
Total Liab	2.0M	2.1M	2.3M	4.0M	4.0M	2.5M
Property Plant And Equipment Gross	779K	872K	1.1M	3.2M	3.2M	3.4M
Total Current Assets	4.5M	5.4M	6.7M	8.5M	10.6M	11.1M
Accumulated Other Comprehensive Income	169.0K	278K	237K	371K	450K	472.5K
Short Term Debt	55K	283K	191K	264K	402K	595.8K
Intangible Assets	671K	607K	543K	480K	416K	395.2K
Common Stock	52.8M	54.2M	55.8M	55.8M	56.0M	45.6M
Retained Earnings	(52.0M)	(51.4M)	(50.7M)	(49.3M)	(47.6M)	(49.9M)
Non Currrent Assets Other	(1.5M)	(1.5M)	(926K)	1.0	999.0	1.0K
Net Receivables	1.8M	1.9M	2.4M	2.4M	3.9M	4.1M
Other Current Assets	194K	231K	356K	577K	538K	502.3K
Property Plant Equipment	778K	872K	383K	2.0M	2.3M	2.4M
Other Liab	14K	18K	6K	34K	30.6K	29.1K
Net Tangible Assets	3.3M	4.1M	4.8M	6.4M	7.4M	7.8M
Short Long Term Debt	55K	283K	191K	223K	286K	271.7K
Capital Lease Obligations	79K	504K	406K	1.2M	1.1M	1.2M
Long Term Debt Total	472K	406K	0.0	1.1M	1.0M	1.1M
Net Invested Capital	4.0M	5.4M	5.5M	7.2M	9.2M	6.1M
Cash And Equivalents	516K	1.4M	1.7M	2.0M	2.4M	1.4M

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