Edita Depreciation vs Net Income Analysis

EFID Stock

2.00 0.00 0.00%

Edita Food financial indicator trend analysis is much more than just examining Edita Food Industries latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Edita Food Industries is a good investment. Please check the relationship between Edita Food Depreciation and its Net Income accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Edita Food Industries. 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.

Depreciation vs Net Income

Depreciation vs Net Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Edita Food Industries Depreciation account and Net Income. At this time, the significance of the direction appears to have strong relationship.

The correlation between Edita Food's Depreciation and Net Income is 0.69. Overlapping area represents the amount of variation of Depreciation that can explain the historical movement of Net Income in the same time period over historical financial statements of Edita Food Industries, assuming nothing else is changed. The correlation between historical values of Edita Food's Depreciation and Net Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Depreciation of Edita Food Industries are associated (or correlated) with its Net Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income has no effect on the direction of Depreciation i.e., Edita Food's Depreciation and Net Income go up and down completely randomly.

Correlation Coefficient

0.69

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Depreciation

Depreciation indicates how much of Edita Food Industries value has been used up. For tax purposes Edita Food can deduct the cost of the tangible assets it purchases as business expenses. However, Edita Food Industries must depreciate these assets in accordance with IRS rules about how and when the deduction may be taken, and how long it will last. The systematic allocation of the cost of a tangible asset over its useful life.

Net Income

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

Most indicators from Edita Food's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Edita Food Industries 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Edita Food Industries. 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 810.4 M in 2024. Tax Provision is likely to gain to about 571.2 M in 2024

	2021	2022	2023	2024 (projected)
Interest Expense	83.5M	110.7M	211.9M	222.5M
Depreciation And Amortization	195.5M	229.2M	282.8M	166.6M

Interest Expense Depreciation And Amortization

Edita Food 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	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Common Stock Total Equity	Common Stock Shares Outstanding	Short Term Investments	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Common Stock
Total Assets		0.99	0.95	0.99	0.86	0.84	-0.51	0.75	1.0	0.97	0.83	0.84	-0.72	0.94	0.67	0.89	0.62	0.84	0.96	0.96	-0.81	1.0	0.99	0.98	0.82	0.64
Short Long Term Debt Total	0.99		0.94	0.98	0.86	0.86	-0.48	0.8	0.98	0.94	0.78	0.86	-0.66	0.92	0.73	0.88	0.63	0.86	0.95	0.94	-0.77	0.99	0.99	0.96	0.84	0.7
Other Current Liab	0.95	0.94		0.93	0.83	0.84	-0.55	0.72	0.95	0.88	0.78	0.84	-0.69	0.91	0.66	0.82	0.63	0.84	0.89	0.87	-0.84	0.95	0.94	0.92	0.75	0.63
Total Current Liabilities	0.99	0.98	0.93		0.83	0.79	-0.52	0.68	0.99	0.98	0.88	0.79	-0.77	0.94	0.6	0.91	0.57	0.79	0.98	0.98	-0.84	0.99	0.98	1.0	0.81	0.56
Total Stockholder Equity	0.86	0.86	0.83	0.83		0.96	-0.48	0.86	0.87	0.79	0.59	0.96	-0.6	0.86	0.78	0.66	0.75	0.96	0.76	0.78	-0.69	0.85	0.87	0.83	0.96	0.69
Property Plant And Equipment Net	0.84	0.86	0.84	0.79	0.96		-0.39	0.93	0.83	0.73	0.49	1.0	-0.47	0.78	0.89	0.66	0.73	1.0	0.72	0.71	-0.6	0.84	0.85	0.77	0.9	0.82
Current Deferred Revenue	-0.51	-0.48	-0.55	-0.52	-0.48	-0.39		-0.29	-0.55	-0.43	-0.5	-0.39	0.72	-0.57	-0.21	-0.39	-0.36	-0.38	-0.52	-0.49	0.59	-0.5	-0.55	-0.54	-0.5	-0.19
Net Debt	0.75	0.8	0.72	0.68	0.86	0.93	-0.29		0.73	0.61	0.28	0.93	-0.3	0.68	0.96	0.51	0.81	0.92	0.59	0.6	-0.42	0.74	0.77	0.65	0.86	0.94
Retained Earnings	1.0	0.98	0.95	0.99	0.87	0.83	-0.55	0.73		0.97	0.84	0.83	-0.75	0.96	0.64	0.87	0.65	0.82	0.96	0.96	-0.83	0.99	0.99	0.99	0.84	0.6
Accounts Payable	0.97	0.94	0.88	0.98	0.79	0.73	-0.43	0.61	0.97		0.91	0.73	-0.77	0.91	0.53	0.92	0.48	0.73	0.98	0.98	-0.81	0.97	0.95	0.98	0.75	0.48
Cash	0.83	0.78	0.78	0.88	0.59	0.49	-0.5	0.28	0.84	0.91		0.48	-0.8	0.79	0.19	0.89	0.19	0.5	0.92	0.91	-0.86	0.83	0.8	0.89	0.54	0.12
Non Current Assets Total	0.84	0.86	0.84	0.79	0.96	1.0	-0.39	0.93	0.83	0.73	0.48		-0.47	0.78	0.89	0.65	0.74	0.99	0.71	0.71	-0.59	0.84	0.85	0.77	0.9	0.83
Non Currrent Assets Other	-0.72	-0.66	-0.69	-0.77	-0.6	-0.47	0.72	-0.3	-0.75	-0.77	-0.8	-0.47		-0.75	-0.25	-0.61	-0.33	-0.47	-0.79	-0.81	0.84	-0.72	-0.72	-0.79	-0.59	-0.2
Cash And Short Term Investments	0.94	0.92	0.91	0.94	0.86	0.78	-0.57	0.68	0.96	0.91	0.79	0.78	-0.75		0.55	0.75	0.75	0.77	0.88	0.91	-0.85	0.93	0.95	0.95	0.84	0.52
Common Stock Total Equity	0.67	0.73	0.66	0.6	0.78	0.89	-0.21	0.96	0.64	0.53	0.19	0.89	-0.25	0.55		0.48	0.68	0.89	0.53	0.52	-0.31	0.67	0.68	0.56	0.75	0.98
Common Stock Shares Outstanding	0.89	0.88	0.82	0.91	0.66	0.66	-0.39	0.51	0.87	0.92	0.89	0.65	-0.61	0.75	0.48		0.24	0.66	0.95	0.9	-0.69	0.9	0.87	0.9	0.61	0.42
Short Term Investments	0.62	0.63	0.63	0.57	0.75	0.73	-0.36	0.81	0.65	0.48	0.19	0.74	-0.33	0.75	0.68	0.24		0.7	0.42	0.48	-0.43	0.6	0.67	0.56	0.76	0.7
Non Current Liabilities Total	0.84	0.86	0.84	0.79	0.96	1.0	-0.38	0.92	0.82	0.73	0.5	0.99	-0.47	0.77	0.89	0.66	0.7		0.72	0.71	-0.61	0.83	0.84	0.76	0.89	0.81
Inventory	0.96	0.95	0.89	0.98	0.76	0.72	-0.52	0.59	0.96	0.98	0.92	0.71	-0.79	0.88	0.53	0.95	0.42	0.72		0.99	-0.82	0.97	0.95	0.98	0.74	0.47
Other Current Assets	0.96	0.94	0.87	0.98	0.78	0.71	-0.49	0.6	0.96	0.98	0.91	0.71	-0.81	0.91	0.52	0.9	0.48	0.71	0.99		-0.86	0.96	0.94	0.99	0.78	0.47
Other Stockholder Equity	-0.81	-0.77	-0.84	-0.84	-0.69	-0.6	0.59	-0.42	-0.83	-0.81	-0.86	-0.59	0.84	-0.85	-0.31	-0.69	-0.43	-0.61	-0.82	-0.86		-0.81	-0.78	-0.86	-0.67	-0.26
Total Liab	1.0	0.99	0.95	0.99	0.85	0.84	-0.5	0.74	0.99	0.97	0.83	0.84	-0.72	0.93	0.67	0.9	0.6	0.83	0.97	0.96	-0.81		0.99	0.98	0.81	0.64
Property Plant And Equipment Gross	0.99	0.99	0.94	0.98	0.87	0.85	-0.55	0.77	0.99	0.95	0.8	0.85	-0.72	0.95	0.68	0.87	0.67	0.84	0.95	0.94	-0.78	0.99		0.98	0.85	0.65
Total Current Assets	0.98	0.96	0.92	1.0	0.83	0.77	-0.54	0.65	0.99	0.98	0.89	0.77	-0.79	0.95	0.56	0.9	0.56	0.76	0.98	0.99	-0.86	0.98	0.98		0.81	0.51
Short Term Debt	0.82	0.84	0.75	0.81	0.96	0.9	-0.5	0.86	0.84	0.75	0.54	0.9	-0.59	0.84	0.75	0.61	0.76	0.89	0.74	0.78	-0.67	0.81	0.85	0.81		0.68
Common Stock	0.64	0.7	0.63	0.56	0.69	0.82	-0.19	0.94	0.6	0.48	0.12	0.83	-0.2	0.52	0.98	0.42	0.7	0.81	0.47	0.47	-0.26	0.64	0.65	0.51	0.68

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Edita Food Account Relationship Matchups

Edita Food fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	3.4B	3.8B	4.2B	5.8B	7.7B	8.1B
Short Long Term Debt Total	975.6M	1.1B	1.2B	1.6B	2.2B	2.3B
Other Current Liab	209.1M	411.7M	220.5M	385.1M	514.2M	539.9M
Total Current Liabilities	942.3M	969.0M	1.2B	2.0B	2.7B	2.9B
Total Stockholder Equity	1.6B	1.7B	2.1B	2.7B	3.4B	1.7B
Property Plant And Equipment Net	2.1B	2.4B	2.2B	2.6B	3.5B	2.0B
Current Deferred Revenue	158.2M	48.9M	289.9M	325.1K	373.9K	355.2K
Net Debt	822.0M	884.8M	1.1B	1.1B	1.2B	734.3M
Retained Earnings	1.4B	1.6B	1.9B	2.7B	3.3B	3.5B
Accounts Payable	316.9M	148.5M	287.6M	527.6M	800.6M	840.7M
Cash	153.6M	218.3M	159.6M	494.4M	1.0B	1.1B
Non Current Assets Total	2.2B	2.6B	2.5B	2.9B	3.8B	2.2B
Non Currrent Assets Other	10.9M	2.2B	846.4M	(2.9B)	(2.6B)	(2.5B)
Cash And Short Term Investments	642.1M	717.6M	1.0B	1.4B	1.4B	1.4B
Short Term Investments	488.5M	499.2M	846.4M	894.6M	346.4M	371.2M
Liabilities And Stockholders Equity	3.4B	3.8B	4.2B	5.8B	7.7B	8.1B
Non Current Liabilities Total	841.5M	1.0B	882.6M	1.1B	1.6B	792.2M
Inventory	295.4M	315.3M	526.5M	981.5M	1.9B	2.0B
Other Current Assets	152.0M	87.9M	192.8M	473.8M	661.5M	694.6M
Other Stockholder Equity	45.9M	(91.2M)	48.4M	(235.4M)	(211.9M)	(201.3M)
Total Liab	1.8B	2.0B	2.1B	3.1B	4.3B	4.5B
Property Plant And Equipment Gross	2.1B	2.4B	3.4B	4.0B	5.1B	5.4B
Total Current Assets	1.2B	1.2B	1.8B	2.9B	4.0B	4.2B
Accumulated Other Comprehensive Income	(32.3M)	(31.0M)	(30.6M)	(74.6M)	(83.4M)	(87.5M)
Short Term Debt	313.6M	349.8M	648.6M	823.3M	905.0M	454.4M
Net Receivables	52.2M	18.9M	26.2M	71.5M	101.6M	106.7M
Intangible Assets	168.3M	166.6M	180.7M	186.6M	181.8M	167.9M
Long Term Debt	605.8M	743.2M	587.6M	739.5M	1.1B	664.1M
Short Long Term Debt	306.0M	276.1M	597.7M	746.2M	894.5M	939.2M
Net Invested Capital	2.5B	2.8B	3.3B	4.2B	5.4B	3.5B
Net Working Capital	259.1M	226.2M	522.2M	932.3M	1.2B	1.3B

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Edita Depreciation vs Net Income Analysis

Depreciation vs Net Income

Depreciation vs Net Income Correlation Analysis

Correlation Coefficient

Depreciation

Net Income

Edita Food fundamental ratios Correlations

Edita Food Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Edita Food fundamental ratios Accounts

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Additional Tools for Edita Stock Analysis

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COMPANY

Retained Earnings	+ 1.0	Total Assets
Total Liab	+ 1.0	Total Assets
Total Current Assets	+ 1.0	Total Current Liabilities
Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Non Current Liabilities Total	+ 1.0	Property Plant And Equipment Net
Short Long Term Debt Total	+ 0.99	Total Assets

Total Current Assets	- 0.86	Other Stockholder Equity
Other Stockholder Equity	- 0.86	Other Current Assets
Other Stockholder Equity	- 0.86	Cash
Other Stockholder Equity	- 0.85	Cash And Short Term Investments
Other Stockholder Equity	- 0.84	Total Current Liabilities
Other Stockholder Equity	- 0.84	Other Current Liab