Expensify Depreciation vs Investments Analysis
EXFY Stock | USD 3.62 0.06 1.63% |
Expensify financial indicator trend analysis is much more than just examining Expensify latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Expensify is a good investment. Please check the relationship between Expensify Depreciation and its Investments accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Expensify. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in census. For more information on how to buy Expensify Stock please use our How to Invest in Expensify guide.
Depreciation vs Investments
Depreciation vs Investments Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Expensify Depreciation account and Investments. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Expensify's Depreciation and Investments is -0.16. Overlapping area represents the amount of variation of Depreciation that can explain the historical movement of Investments in the same time period over historical financial statements of Expensify, assuming nothing else is changed. The correlation between historical values of Expensify's Depreciation and Investments 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 Expensify are associated (or correlated) with its Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Investments has no effect on the direction of Depreciation i.e., Expensify's Depreciation and Investments go up and down completely randomly.
Correlation Coefficient | -0.16 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Depreciation
Depreciation indicates how much of Expensify value has been used up. For tax purposes Expensify can deduct the cost of the tangible assets it purchases as business expenses. However, Expensify 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.Investments
Securities or assets acquired for generating income or appreciating in value, not used in daily operations.Most indicators from Expensify's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Expensify 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 Expensify. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in census. For more information on how to buy Expensify Stock please use our How to Invest in Expensify guide.Tax Provision is likely to drop to about 2.8 M in 2024. Selling General Administrative is likely to drop to about 47.9 M in 2024
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 3.5M | 5.4M | 5.3M | 4.3M | Depreciation And Amortization | 5.2M | 6.1M | 5.2M | 4.8M |
Expensify fundamental ratios Correlations
Click cells to compare fundamentals
Expensify Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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When running Expensify's price analysis, check to measure Expensify's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Expensify is operating at the current time. Most of Expensify's value examination focuses on studying past and present price action to predict the probability of Expensify's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Expensify's price. Additionally, you may evaluate how the addition of Expensify to your portfolios can decrease your overall portfolio volatility.