Aris Tax Provision vs Interest Expense Analysis

ARIS Stock  USD 25.89  0.42  1.65%   
Aris Water financial indicator trend analysis is way more than just evaluating Aris Water Solutions prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Aris Water Solutions is a good investment. Please check the relationship between Aris Water Tax Provision and its Interest Expense accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Aris Water Solutions. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

Tax Provision vs Interest Expense

Tax Provision vs Interest Expense Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Aris Water Solutions Tax Provision account and Interest Expense. At this time, the significance of the direction appears to have strong relationship.
The correlation between Aris Water's Tax Provision and Interest Expense is 0.77. Overlapping area represents the amount of variation of Tax Provision that can explain the historical movement of Interest Expense in the same time period over historical financial statements of Aris Water Solutions, assuming nothing else is changed. The correlation between historical values of Aris Water's Tax Provision and Interest Expense is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Tax Provision of Aris Water Solutions are associated (or correlated) with its Interest Expense. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Interest Expense has no effect on the direction of Tax Provision i.e., Aris Water's Tax Provision and Interest Expense go up and down completely randomly.

Correlation Coefficient

0.77
Relationship DirectionPositive 
Relationship StrengthSignificant

Tax Provision

The amount set aside by a company to cover any estimated taxes for the current period. It reflects the company's expected tax liabilities.

Interest Expense

The cost incurred by an entity for borrowed funds, including loans, bonds, or lines of credit.
Most indicators from Aris Water's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Aris Water Solutions 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 Aris Water Solutions. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.
At this time, Aris Water's Selling General Administrative is comparatively stable compared to the past year. Tax Provision is likely to gain to about 7.9 M in 2024, whereas Enterprise Value Over EBITDA is likely to drop 4.09 in 2024.
 2021 2022 2023 2024 (projected)
Interest Expense25.5M29.2M32.9M34.5M
Depreciation And Amortization60.8M67.5M76.6M80.5M

Aris Water fundamental ratios Correlations

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Aris Water Account Relationship Matchups

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