Aston Other Operating Expenses vs Income Tax Expense Analysis

BAY Stock  CAD 0.07  0.01  7.14%   
Aston Bay financial indicator trend analysis is way more than just evaluating Aston Bay Holdings prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Aston Bay Holdings is a good investment. Please check the relationship between Aston Bay Other Operating Expenses and its Income Tax Expense accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Aston Bay Holdings. 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.

Other Operating Expenses vs Income Tax Expense

Other Operating Expenses vs Income Tax Expense Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Aston Bay Holdings Other Operating Expenses account and Income Tax Expense. At this time, the significance of the direction appears to have no relationship.
The correlation between Aston Bay's Other Operating Expenses and Income Tax Expense is 0.0. Overlapping area represents the amount of variation of Other Operating Expenses that can explain the historical movement of Income Tax Expense in the same time period over historical financial statements of Aston Bay Holdings, assuming nothing else is changed. The correlation between historical values of Aston Bay's Other Operating Expenses and Income Tax 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 Other Operating Expenses of Aston Bay Holdings are associated (or correlated) with its Income Tax Expense. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Income Tax Expense has no effect on the direction of Other Operating Expenses i.e., Aston Bay's Other Operating Expenses and Income Tax Expense go up and down completely randomly.

Correlation Coefficient

0.0
Relationship DirectionFlat 
Relationship StrengthInsignificant

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Aston Bay Holdings. It is also known as Aston Bay overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.

Income Tax Expense

Most indicators from Aston Bay's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Aston Bay Holdings 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 Aston Bay Holdings. 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.
At this time, Aston Bay's Selling General Administrative is fairly stable compared to the past year. Issuance Of Capital Stock is likely to climb to about 2.6 M in 2024, whereas Enterprise Value Over EBITDA is likely to drop (9.66) in 2024.
 2023 2024 (projected)
Reconciled Depreciation83.3K91.7K
Interest Income15.314.54

Aston Bay fundamental ratios Correlations

-0.290.99-0.870.390.840.84-0.17-0.290.88-0.050.72-0.24-0.340.970.31-0.120.970.050.36-0.510.680.520.370.5-0.37
-0.29-0.440.41-0.66-0.22-0.220.551.0-0.220.61-0.20.720.37-0.37-0.250.7-0.370.150.050.76-0.51-0.42-0.81-0.750.61
0.99-0.44-0.890.490.820.82-0.26-0.440.86-0.150.71-0.35-0.380.970.35-0.230.970.010.32-0.620.720.560.490.6-0.46
-0.870.41-0.89-0.31-0.97-0.970.080.41-0.960.01-0.590.210.25-0.78-0.20.22-0.78-0.12-0.10.44-0.7-0.52-0.41-0.420.32
0.39-0.660.49-0.310.130.13-0.93-0.660.13-0.890.19-0.94-0.410.560.64-0.260.56-0.43-0.07-0.960.360.250.780.97-0.84
0.84-0.220.82-0.970.131.00.12-0.220.990.150.57-0.02-0.170.710.06-0.090.710.210.12-0.250.590.430.190.24-0.12
0.84-0.220.82-0.970.131.00.12-0.220.990.150.57-0.02-0.170.710.06-0.090.710.210.12-0.250.590.430.190.24-0.12
-0.170.55-0.260.08-0.930.120.120.550.110.83-0.070.850.35-0.36-0.780.22-0.360.460.170.86-0.28-0.21-0.75-0.830.89
-0.291.0-0.440.41-0.66-0.22-0.220.55-0.220.61-0.20.720.37-0.37-0.250.7-0.370.150.050.76-0.51-0.42-0.81-0.750.61
0.88-0.220.86-0.960.130.990.990.11-0.220.160.68-0.02-0.230.760.07-0.080.760.240.15-0.260.630.460.20.26-0.13
-0.050.61-0.150.01-0.890.150.150.830.610.160.090.970.32-0.23-0.390.21-0.230.490.190.8-0.06-0.01-0.62-0.850.65
0.72-0.20.71-0.590.190.570.57-0.07-0.20.680.09-0.06-0.430.670.25-0.030.670.22-0.03-0.290.560.450.240.27-0.26
-0.240.72-0.350.21-0.94-0.02-0.020.850.72-0.020.97-0.060.39-0.41-0.470.3-0.410.420.110.89-0.27-0.19-0.76-0.920.76
-0.340.37-0.380.25-0.41-0.17-0.170.350.37-0.230.32-0.430.39-0.38-0.26-0.3-0.38-0.01-0.040.38-0.43-0.4-0.48-0.420.44
0.97-0.370.97-0.780.560.710.71-0.36-0.370.76-0.230.67-0.41-0.380.43-0.141.0-0.040.4-0.660.650.50.470.65-0.5
0.31-0.250.35-0.20.640.060.06-0.78-0.250.07-0.390.25-0.47-0.260.43-0.140.43-0.22-0.18-0.610.430.340.580.49-0.89
-0.120.7-0.230.22-0.26-0.09-0.090.220.7-0.080.21-0.030.3-0.3-0.14-0.14-0.140.150.020.41-0.31-0.25-0.44-0.340.33
0.97-0.370.97-0.780.560.710.71-0.36-0.370.76-0.230.67-0.41-0.381.00.43-0.14-0.040.4-0.660.650.50.470.65-0.5
0.050.150.01-0.12-0.430.210.210.460.150.240.490.220.42-0.01-0.04-0.220.15-0.040.250.360.080.09-0.3-0.410.31
0.360.050.32-0.1-0.070.120.120.170.050.150.19-0.030.11-0.040.4-0.180.020.40.25-0.010.180.23-0.040.020.15
-0.510.76-0.620.44-0.96-0.25-0.250.860.76-0.260.8-0.290.890.38-0.66-0.610.41-0.660.36-0.01-0.47-0.33-0.81-0.980.82
0.68-0.510.72-0.70.360.590.59-0.28-0.510.63-0.060.56-0.27-0.430.650.43-0.310.650.080.18-0.470.970.610.42-0.6
0.52-0.420.56-0.520.250.430.43-0.21-0.420.46-0.010.45-0.19-0.40.50.34-0.250.50.090.23-0.330.970.530.3-0.51
0.37-0.810.49-0.410.780.190.19-0.75-0.810.2-0.620.24-0.76-0.480.470.58-0.440.47-0.3-0.04-0.810.610.530.8-0.84
0.5-0.750.6-0.420.970.240.24-0.83-0.750.26-0.850.27-0.92-0.420.650.49-0.340.65-0.410.02-0.980.420.30.8-0.75
-0.370.61-0.460.32-0.84-0.12-0.120.890.61-0.130.65-0.260.760.44-0.5-0.890.33-0.50.310.150.82-0.6-0.51-0.84-0.75
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Aston Bay Account Relationship Matchups

Aston Bay fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets536.9K220.0K266.1K203.7K665.2K632.0K
Total Current Liabilities345.1K705.6K1.6M2.3M1.1M630.9K
Total Stockholder Equity191.7K(485.6K)(1.3M)(2.1M)(393.4K)(373.8K)
Net Debt(315.7K)285.3K459.4K712.1K(20.7K)(21.7K)
Retained Earnings(21.7M)(23.1M)(24.9M)(25.6M)(28.9M)(27.4M)
Cash315.7K19.2K56.4K3.8K552.9K548.8K
Cash And Short Term Investments315.7K19.2K56.4K3.8K552.9K548.8K
Liabilities And Stockholders Equity536.9K220.0K266.1K203.7K665.2K632.0K
Other Stockholder Equity3.5M3.8M4.0M4.0M6.2M6.5M
Total Liab345.1K705.6K1.6M2.3M1.1M630.9K
Total Current Assets370.2K53.3K99.4K120.4K665.2K714.0K
Common Stock18.4M18.9M19.5M19.6M22.3M12.2M
Net Receivables32.4K9.7K12.0K98.7K17.2K16.3K
Common Stock Shares Outstanding133.1M162.2M167.6M178.4M201.0M100.6M
Other Current Liab344.8K401.1K1.1M79.2K526.4K359.2K
Accounts Payable295.8361.05661.011.5M413.9K258.5K
Other Current Assets22.0K24.4K31.0K17.9K95.1K49.8K
Accumulated Other Comprehensive Income(15.7K)(5.0K)(3.9K)(64.3K)(75.9K)(72.1K)
Net Tangible Assets191.7K(485.6K)(1.3M)(2.1M)(1.9M)(1.8M)
Property Plant Equipment7.6M12.7M166.7K83.3K75.0K71.3K
Net Invested Capital13.7M(181.1K)(805.5K)(1.3M)251.3K238.8K
Net Working Capital25.1K(652.3K)(1.5M)(2.1M)(393.4K)(373.8K)
Capital Stock18.4M18.9M19.5M19.6M22.3M21.2M

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