HSBC Income Before Tax vs Operating Income Analysis

HSBA Stock

760.80 4.30 0.56%

HSBC Holdings financial indicator trend analysis is much more than just examining HSBC Holdings PLC latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether HSBC Holdings PLC is a good investment. Please check the relationship between HSBC Holdings Income Before Tax and its Operating Income accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in HSBC Holdings PLC. 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.

Income Before Tax vs Operating Income

Income Before Tax vs Operating Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of HSBC Holdings PLC Income Before Tax account and Operating Income. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between HSBC Holdings' Income Before Tax and Operating Income is 0.59. Overlapping area represents the amount of variation of Income Before Tax that can explain the historical movement of Operating Income in the same time period over historical financial statements of HSBC Holdings PLC, assuming nothing else is changed. The correlation between historical values of HSBC Holdings' Income Before Tax and Operating 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 Income Before Tax of HSBC Holdings PLC are associated (or correlated) with its Operating Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Operating Income has no effect on the direction of Income Before Tax i.e., HSBC Holdings' Income Before Tax and Operating Income go up and down completely randomly.

Correlation Coefficient

0.59

Relationship Direction	Positive
Relationship Strength	Weak

View All Relationships

Income Before Tax

Income Before Tax which can also be referred as pre-tax income is reported on HSBC Holdings income statement and is an important metric when analyzing HSBC Holdings PLC profitability. Accounting techniques because taxes can be complex, and not perfectly consistent from one company to company, an analyst may use pre-tax income as a more stable measure of profitability.

Operating Income

Operating Income is the amount of profit realized from HSBC Holdings PLC operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of HSBC Holdings PLC is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.

Most indicators from HSBC Holdings' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into HSBC Holdings PLC 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in HSBC Holdings PLC. 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 13.9 B in 2024, whereas Tax Provision is likely to drop slightly above 3.2 B in 2024.

	2021	2022	2023	2024 (projected)
Income Before Tax	18.9B	17.5B	30.3B	31.9B
Interest Expense	9.7B	22.4B	65.1B	68.3B

Income Before Tax Interest Expense

HSBC Holdings fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Retained Earnings	Net Receivables	Common Stock Total Equity	Common Stock	Other Current Assets	Other Liab	Long Term Debt	Good Will	Short Term Investments	Intangible Assets
Total Assets		0.4	0.96	0.73	-0.24	0.53	0.19	-0.89	0.4	0.57	0.94	0.26	0.78	0.22	0.76	0.74	0.94	0.11	0.95	0.93	-0.89	0.22	0.74	-0.17	0.07	-0.14
Short Long Term Debt Total	0.4		0.28	0.64	-0.42	0.45	0.91	-0.62	-0.55	0.46	0.45	-0.16	0.24	0.53	0.61	0.3	0.37	-0.02	0.47	0.35	-0.57	0.3	0.49	-0.23	-0.04	-0.41
Total Stockholder Equity	0.96	0.28		0.62	-0.11	0.4	0.07	-0.86	0.5	0.44	0.96	0.36	0.81	0.23	0.66	0.65	0.97	0.13	0.94	0.97	-0.9	0.17	0.59	-0.08	0.05	-0.21
Property Plant And Equipment Net	0.73	0.64	0.62		-0.56	0.76	0.51	-0.72	0.02	0.75	0.73	-0.3	0.58	-0.02	1.0	0.81	0.68	0.34	0.72	0.71	-0.73	-0.01	0.8	-0.6	0.34	0.2
Net Debt	-0.24	-0.42	-0.11	-0.56		-0.92	-0.62	0.11	0.45	-0.89	-0.2	0.54	0.04	0.01	-0.54	-0.72	-0.27	0.28	-0.32	-0.2	0.18	0.42	-0.69	0.83	0.22	-0.42
Cash	0.53	0.45	0.4	0.76	-0.92		0.51	-0.41	-0.14	1.0	0.48	-0.36	0.32	-0.01	0.74	0.87	0.5	-0.2	0.53	0.47	-0.46	-0.21	0.83	-0.74	-0.15	0.41
Non Current Assets Total	0.19	0.91	0.07	0.51	-0.62	0.51		-0.36	-0.79	0.5	0.25	-0.34	-0.05	0.48	0.48	0.29	0.23	-0.15	0.34	0.17	-0.35	0.0	0.43	-0.44	-0.15	-0.28
Non Currrent Assets Other	-0.89	-0.62	-0.86	-0.72	0.11	-0.41	-0.36		-0.26	-0.46	-0.91	-0.34	-0.83	-0.43	-0.73	-0.53	-0.83	-0.07	-0.83	-0.87	0.96	-0.47	-0.55	0.0	-0.04	0.39
Other Assets	0.4	-0.55	0.5	0.02	0.45	-0.14	-0.79	-0.26		-0.1	0.37	0.52	0.61	-0.26	0.05	0.14	0.34	0.2	0.22	0.43	-0.28	0.19	-0.02	0.33	0.17	0.17
Cash And Short Term Investments	0.57	0.46	0.44	0.75	-0.89	1.0	0.5	-0.46	-0.1		0.52	-0.29	0.37	0.05	0.74	0.87	0.54	-0.23	0.55	0.51	-0.5	-0.16	0.83	-0.69	-0.18	0.37
Common Stock Shares Outstanding	0.94	0.45	0.96	0.73	-0.2	0.48	0.25	-0.91	0.37	0.52		0.31	0.79	0.32	0.76	0.68	0.97	0.15	0.95	0.99	-0.98	0.15	0.61	-0.19	0.07	-0.21
Non Current Liabilities Total	0.26	-0.16	0.36	-0.3	0.54	-0.36	-0.34	-0.34	0.52	-0.29	0.31		0.38	0.64	-0.28	-0.26	0.29	-0.25	0.18	0.29	-0.33	0.5	-0.26	0.65	-0.31	-0.46
Other Stockholder Equity	0.78	0.24	0.81	0.58	0.04	0.32	-0.05	-0.83	0.61	0.37	0.79	0.38		0.13	0.58	0.47	0.7	0.09	0.63	0.78	-0.8	0.5	0.36	0.16	0.04	-0.17
Total Liab	0.22	0.53	0.23	-0.02	0.01	-0.01	0.48	-0.43	-0.26	0.05	0.32	0.64	0.13		-0.03	-0.14	0.31	-0.42	0.3	0.24	-0.43	0.4	0.0	0.27	-0.47	-0.64
Property Plant And Equipment Gross	0.76	0.61	0.66	1.0	-0.54	0.74	0.48	-0.73	0.05	0.74	0.76	-0.28	0.58	-0.03		0.83	0.71	0.35	0.75	0.75	-0.75	-0.02	0.81	-0.59	0.35	0.19
Total Current Assets	0.74	0.3	0.65	0.81	-0.72	0.87	0.29	-0.53	0.14	0.87	0.68	-0.26	0.47	-0.14	0.83		0.71	0.12	0.74	0.7	-0.59	-0.23	0.85	-0.69	0.16	0.39
Retained Earnings	0.94	0.37	0.97	0.68	-0.27	0.5	0.23	-0.83	0.34	0.54	0.97	0.29	0.7	0.31	0.71	0.71		0.1	0.98	0.97	-0.91	0.02	0.66	-0.26	0.02	-0.16
Net Receivables	0.11	-0.02	0.13	0.34	0.28	-0.2	-0.15	-0.07	0.2	-0.23	0.15	-0.25	0.09	-0.42	0.35	0.12	0.1		0.13	0.18	-0.1	-0.12	0.0	-0.17	0.97	0.21
Common Stock Total Equity	0.95	0.47	0.94	0.72	-0.32	0.53	0.34	-0.83	0.22	0.55	0.95	0.18	0.63	0.3	0.75	0.74	0.98	0.13		0.95	-0.9	0.01	0.72	-0.31	0.05	-0.2
Common Stock	0.93	0.35	0.97	0.71	-0.2	0.47	0.17	-0.87	0.43	0.51	0.99	0.29	0.78	0.24	0.75	0.7	0.97	0.18	0.95		-0.95	0.07	0.6	-0.23	0.1	-0.14
Other Current Assets	-0.89	-0.57	-0.9	-0.73	0.18	-0.46	-0.35	0.96	-0.28	-0.5	-0.98	-0.33	-0.8	-0.43	-0.75	-0.59	-0.91	-0.1	-0.9	-0.95		-0.27	-0.55	0.12	-0.02	0.32
Other Liab	0.22	0.3	0.17	-0.01	0.42	-0.21	0.0	-0.47	0.19	-0.16	0.15	0.5	0.5	0.4	-0.02	-0.23	0.02	-0.12	0.01	0.07	-0.27		-0.12	0.72	-0.08	-0.57
Long Term Debt	0.74	0.49	0.59	0.8	-0.69	0.83	0.43	-0.55	-0.02	0.83	0.61	-0.26	0.36	0.0	0.81	0.85	0.66	0.0	0.72	0.6	-0.55	-0.12		-0.62	0.01	0.26
Good Will	-0.17	-0.23	-0.08	-0.6	0.83	-0.74	-0.44	0.0	0.33	-0.69	-0.19	0.65	0.16	0.27	-0.59	-0.69	-0.26	-0.17	-0.31	-0.23	0.12	0.72	-0.62		-0.19	-0.64
Short Term Investments	0.07	-0.04	0.05	0.34	0.22	-0.15	-0.15	-0.04	0.17	-0.18	0.07	-0.31	0.04	-0.47	0.35	0.16	0.02	0.97	0.05	0.1	-0.02	-0.08	0.01	-0.19		0.28
Intangible Assets	-0.14	-0.41	-0.21	0.2	-0.42	0.41	-0.28	0.39	0.17	0.37	-0.21	-0.46	-0.17	-0.64	0.19	0.39	-0.16	0.21	-0.2	-0.14	0.32	-0.57	0.26	-0.64	0.28

Click cells to compare fundamentals

HSBC Holdings Account Relationship Matchups

HSBC Holdings fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	2.7T	3.0T	3.0T	3.0T	3.0T	1.7T
Short Long Term Debt Total	129.2B	117.4B	99.0B	100.4B	235.2B	246.9B
Total Stockholder Equity	184.0B	196.4B	198.3B	187.5B	185.3B	109.2B
Property Plant And Equipment Net	14.7B	14.4B	13.2B	12.6B	12.9B	13.6B
Net Debt	(29.9B)	(191.1B)	(308.1B)	(233.9B)	(305.9B)	(290.6B)
Cash	159.1B	308.6B	407.2B	334.3B	307.0B	322.4B
Non Current Assets Total	1.1T	1.2T	1.0T	1.1T	3.8T	4.0T
Non Currrent Assets Other	(1.1T)	(1.2T)	(1.0T)	(1.1T)	(1.1T)	(1.1T)
Other Assets	1.3T	1.5T	1.5T	1.6T	(1.1T)	(1.1T)
Cash And Short Term Investments	159.1B	308.6B	407.2B	350.1B	307.0B	322.4B
Common Stock Shares Outstanding	20.0B	20.2B	20.2B	20.3B	19.6B	17.3B
Liabilities And Stockholders Equity	2.7T	3.0T	3.0T	3.0T	3.0T	1.7T
Non Current Liabilities Total	129.2B	117.4B	99.0B	2.8T	164.0B	155.8B
Other Stockholder Equity	37.0B	45.5B	43.5B	34.9B	23.6B	31.1B
Total Liab	129.2B	117.4B	99.0B	2.8T	2.8T	3.0T
Property Plant And Equipment Gross	14.7B	14.4B	13.2B	12.6B	12.9B	13.1B
Total Current Assets	295.7B	318.9B	407.2B	334.3B	319.8B	217.0B
Retained Earnings	136.7B	140.6B	144.5B	152.1B	152.1B	104.3B
Net Receivables	136.7B	10.3B	970M	1.2B	1.4B	1.3B
Common Stock Total Equity	10.2B	10.2B	10.3B	10.3B	11.9B	8.3B
Common Stock	10.3B	10.3B	10.3B	10.1B	9.6B	8.5B
Other Current Assets	9.1B	8.1B	8.2B	10.3B	13.9B	13.2B
Other Liab	155.5B	170.0B	176.9B	172.6B	155.3B	294.2B
Long Term Debt	93.4B	178.5B	183.1B	252.1B	289.9B	156.2B
Good Will	5.6B	5.9B	5.0B	4.2B	4.3B	4.1B
Short Term Investments	(31.7B)	254.5B	15.3B	15.8B	1.1B	1.1B
Intangible Assets	14.6B	14.6B	15.6B	17.2B	8.2B	11.3B
Property Plant Equipment	14.7B	14.4B	13.2B	12.6B	11.3B	10.4B
Accumulated Other Comprehensive Income	23.0B	31.2B	28.9B	10.6B	8.8B	17.6B
Other Current Liab	(2.2B)	(690M)	(698M)	(1.1B)	(2.8B)	(2.9B)
Total Current Liabilities	11.8B	10.4B	10.5B	12.4B	2.8B	2.6B
Net Tangible Assets	142.9B	153.6B	155.2B	166.2B	191.1B	163.2B
Accounts Payable	1.5T	1.7T	1.8T	1.7T	1.9T	1.7T
Long Term Investments	976.5B	1.1T	940.9B	1.0T	1.1T	942.1B
Capital Surpluse	10.2B	13.6B	14.0B	14.3B	16.4B	14.2B
Earning Assets	1.1T	1.2T	1.3T	1.4T	1.6T	1.4T

Also Currently Popular

Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.

C	Citigroup
GM	General Motors
F	Ford Motor

Additional Tools for HSBC Stock Analysis

When running HSBC Holdings' price analysis, check to measure HSBC Holdings' 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 HSBC Holdings is operating at the current time. Most of HSBC Holdings' value examination focuses on studying past and present price action to predict the probability of HSBC Holdings' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move HSBC Holdings' price. Additionally, you may evaluate how the addition of HSBC Holdings to your portfolios can decrease your overall portfolio volatility.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC

HSBC Income Before Tax vs Operating Income Analysis

Income Before Tax vs Operating Income

Income Before Tax vs Operating Income Correlation Analysis

Correlation Coefficient

Income Before Tax

Operating Income

HSBC Holdings fundamental ratios Correlations

HSBC Holdings Account Relationship Matchups

High Positive Relationship

High Negative Relationship

HSBC Holdings fundamental ratios Accounts

Also Currently Popular

Additional Tools for HSBC Stock Analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Property Plant And Equipment Gross	+ 1.0	Property Plant And Equipment Net
Cash And Short Term Investments	+ 1.0	Cash
Common Stock	+ 0.99	Common Stock Shares Outstanding
Common Stock Total Equity	+ 0.98	Retained Earnings
Retained Earnings	+ 0.97	Total Stockholder Equity
Common Stock	+ 0.97	Total Stockholder Equity

Other Current Assets	- 0.98	Common Stock Shares Outstanding
Other Current Assets	- 0.95	Common Stock
Cash	- 0.92	Net Debt
Other Current Assets	- 0.91	Retained Earnings
Common Stock Shares Outstanding	- 0.91	Non Currrent Assets Other
Other Current Assets	- 0.9	Common Stock Total Equity