BTC Reconciled Depreciation vs Tax Provision Analysis

BTCT Stock   8.28  1.16  12.29%   
BTC Digital financial indicator trend analysis is way more than just evaluating BTC Digital prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether BTC Digital is a good investment. Please check the relationship between BTC Digital Reconciled Depreciation and its Tax Provision accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in BTC Digital. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.
For more information on how to buy BTC Stock please use our How to Invest in BTC Digital guide.

Reconciled Depreciation vs Tax Provision

Reconciled Depreciation vs Tax Provision Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of BTC Digital Reconciled Depreciation account and Tax Provision. At this time, the significance of the direction appears to have strong relationship.
The correlation between BTC Digital's Reconciled Depreciation and Tax Provision is 0.6. Overlapping area represents the amount of variation of Reconciled Depreciation that can explain the historical movement of Tax Provision in the same time period over historical financial statements of BTC Digital, assuming nothing else is changed. The correlation between historical values of BTC Digital's Reconciled Depreciation and Tax Provision is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Reconciled Depreciation of BTC Digital are associated (or correlated) with its Tax Provision. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Tax Provision has no effect on the direction of Reconciled Depreciation i.e., BTC Digital's Reconciled Depreciation and Tax Provision go up and down completely randomly.

Correlation Coefficient

0.6
Relationship DirectionPositive 
Relationship StrengthSignificant

Reconciled Depreciation

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.
Most indicators from BTC Digital's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into BTC Digital 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 BTC Digital. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.
For more information on how to buy BTC Stock please use our How to Invest in BTC Digital guide.At this time, BTC Digital's Tax Provision is comparatively stable compared to the past year. Discontinued Operations is likely to gain to about 38.9 M in 2024, whereas Sales General And Administrative To Revenue is likely to drop 0.12 in 2024.
 2021 2022 2023 2024 (projected)
Interest Expense2.4M141K63K59.9K
Depreciation And Amortization17.3M5.5M3.2M3.0M

BTC Digital fundamental ratios Correlations

-0.93-0.25-0.970.76-0.59-0.970.15-0.22-0.76-0.87-0.86-0.92-0.87-0.79-0.94-0.44-0.89-0.140.3-0.92-0.88-0.22-0.810.18-0.98
-0.930.260.98-0.790.780.950.090.050.810.860.970.860.860.720.870.690.930.32-0.170.990.870.50.61-0.230.88
-0.250.260.31-0.660.430.150.56-0.32-0.29-0.060.370.33-0.06-0.320.220.470.120.220.110.37-0.030.06-0.18-0.620.15
-0.970.980.31-0.830.710.980.00.160.770.880.940.910.880.750.920.60.930.27-0.270.980.880.370.7-0.310.94
0.76-0.79-0.66-0.83-0.78-0.74-0.38-0.22-0.31-0.51-0.86-0.87-0.51-0.32-0.82-0.73-0.6-0.050.44-0.87-0.48-0.42-0.430.65-0.76
-0.590.780.430.71-0.780.580.67-0.160.380.360.90.680.360.180.650.980.530.1-0.080.820.390.860.11-0.280.53
-0.970.950.150.98-0.740.58-0.180.270.840.940.870.890.940.860.910.460.950.25-0.330.940.930.260.81-0.240.96
0.150.090.560.0-0.380.67-0.18-0.39-0.38-0.420.310.06-0.42-0.6-0.020.77-0.22-0.050.140.17-0.390.72-0.59-0.32-0.2
-0.220.05-0.320.16-0.22-0.160.27-0.390.120.220.020.370.220.380.41-0.230.02-0.59-0.960.080.1-0.150.62-0.260.43
-0.760.81-0.290.77-0.310.380.84-0.380.120.940.670.570.940.940.640.280.910.4-0.070.720.940.270.70.130.73
-0.870.86-0.060.88-0.510.360.94-0.420.220.940.720.71.00.950.750.250.970.42-0.20.80.990.110.81-0.110.85
-0.860.970.370.94-0.860.90.870.310.020.670.720.870.720.560.860.830.830.23-0.190.990.730.640.48-0.310.82
-0.920.860.330.91-0.870.680.890.060.370.570.70.870.70.620.990.550.73-0.09-0.510.90.690.340.76-0.270.94
-0.870.86-0.060.88-0.510.360.94-0.420.220.941.00.720.70.950.750.250.970.42-0.20.80.990.110.81-0.110.85
-0.790.72-0.320.75-0.320.180.86-0.60.380.940.950.560.620.950.70.050.860.22-0.290.650.930.010.890.090.81
-0.940.870.220.92-0.820.650.91-0.020.410.640.750.860.990.750.70.50.75-0.11-0.520.890.730.330.81-0.20.97
-0.440.690.470.6-0.730.980.460.77-0.230.280.250.830.550.250.050.50.430.19-0.020.730.270.89-0.06-0.370.38
-0.890.930.120.93-0.60.530.95-0.220.020.910.970.830.730.970.860.750.430.52-0.050.890.980.240.68-0.150.83
-0.140.320.220.27-0.050.10.25-0.05-0.590.40.420.23-0.090.420.22-0.110.190.520.610.270.45-0.01-0.13-0.19-0.01
0.3-0.170.11-0.270.44-0.08-0.330.14-0.96-0.07-0.2-0.19-0.51-0.2-0.29-0.52-0.02-0.050.61-0.24-0.09-0.04-0.560.41-0.5
-0.920.990.370.98-0.870.820.940.170.080.720.80.990.90.80.650.890.730.890.27-0.240.810.510.59-0.340.88
-0.880.87-0.030.88-0.480.390.93-0.390.10.940.990.730.690.990.930.730.270.980.45-0.090.810.120.77-0.030.83
-0.220.50.060.37-0.420.860.260.72-0.150.270.110.640.340.110.010.330.890.24-0.01-0.040.510.12-0.15-0.090.2
-0.810.61-0.180.7-0.430.110.81-0.590.620.70.810.480.760.810.890.81-0.060.68-0.13-0.560.590.77-0.150.020.88
0.18-0.23-0.62-0.310.65-0.28-0.24-0.32-0.260.13-0.11-0.31-0.27-0.110.09-0.2-0.37-0.15-0.190.41-0.34-0.03-0.090.02-0.22
-0.980.880.150.94-0.760.530.96-0.20.430.730.850.820.940.850.810.970.380.83-0.01-0.50.880.830.20.88-0.22
Click cells to compare fundamentals

BTC Digital Account Relationship Matchups

BTC Digital fundamental ratios Accounts

201920202021202220232024 (projected)
Common Stock Shares Outstanding80.7K109.7K864.3K1.1M1.5M1.6M
Total Assets1.5B1.1B885.4M209.3M24.5M23.3M
Other Current Liab119.6M2.0B106.2M72.0M4.1M3.9M
Total Current Liabilities1.3B1.2B714.9M76.3M5.1M4.8M
Total Stockholder Equity(260.9M)(378.7M)22.4M133.0M19.4M20.4M
Property Plant And Equipment Net715.3M469.5M191.4M92.4M12.7M12.1M
Current Deferred Revenue902.7M726.5M552.8M792K712.8K677.2K
Net Debt427.6M375.3M(66.8M)5.7M82K77.9K
Retained Earnings(525.3M)(936.2M)(1.3B)(1.3B)(186.6M)(195.9M)
Accounts Payable15.7M2.6M16.2M3.5M128K121.6K
Cash140.1M90.1M168.4M333K43K40.9K
Non Current Assets Total1.1B866.0M495.6M112.3M15.6M14.8M
Cash And Short Term Investments140.1M90.1M168.4M333K43K40.9K
Net Receivables63.8M9.0M67.0M8.9M5.5M5.2M
Liabilities And Stockholders Equity1.5B1.1B885.4M209.3M24.5M23.3M
Inventory108.2M91.3M121.2M22.3M2.6M2.5M
Other Current Assets5.5M15.9M34.7M5.1M3.4M3.2M
Other Stockholder Equity264.2M617.9M1.3B1.3B205.9M195.6M
Total Liab1.7B1.5B848.8M76.3M5.1M4.8M
Total Current Assets317.7M232.8M389.7M96.9M8.9M8.5M
Short Term Debt234.2M40.6M41.8M870K125K118.8K

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Additional Tools for BTC Stock Analysis

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