Innova Ebit vs Interest Income Analysis

INNOVACAP   1,056  80.80  8.28%   
Innova Captab financial indicator trend analysis is infinitely more than just investigating Innova Captab Limited recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Innova Captab Limited is a good investment. Please check the relationship between Innova Captab Ebit and its Interest Income accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Innova Captab Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real.

Ebit vs Interest Income

Ebit vs Interest Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Innova Captab Limited Ebit account and Interest Income. At this time, the significance of the direction appears to have pay attention.
The correlation between Innova Captab's Ebit and Interest Income is -0.96. Overlapping area represents the amount of variation of Ebit that can explain the historical movement of Interest Income in the same time period over historical financial statements of Innova Captab Limited, assuming nothing else is changed. The correlation between historical values of Innova Captab's Ebit and Interest 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 Ebit of Innova Captab Limited are associated (or correlated) with its Interest Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Interest Income has no effect on the direction of Ebit i.e., Innova Captab's Ebit and Interest Income go up and down completely randomly.

Correlation Coefficient

-0.96
Relationship DirectionNegative 
Relationship StrengthSignificant

Ebit

Interest Income

Income earned from the investment of cash or from lending money to others, including interest from bank accounts, bonds, or other interest-bearing investments.
Most indicators from Innova Captab's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Innova Captab Limited 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 Innova Captab Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real.
At present, Innova Captab's Issuance Of Capital Stock is projected to increase significantly based on the last few years of reporting.
 2021 2022 2023 2024 (projected)
Interest Expense53.0M199.7M214.6M124.5M
Depreciation And Amortization75.0M110.8M159.6M109.6M

Innova Captab fundamental ratios Correlations

0.70.370.850.880.840.960.890.910.950.930.930.220.480.890.940.820.91-0.390.690.870.930.930.940.980.91
0.70.040.720.70.660.810.630.790.720.720.87-0.440.910.690.710.170.64-0.910.410.880.790.770.70.740.68
0.370.040.180.280.720.360.430.310.510.470.350.530.240.340.590.530.670.010.070.460.430.440.450.490.44
0.850.720.180.990.620.880.70.980.750.940.820.080.570.960.730.550.76-0.490.920.720.940.940.740.830.94
0.880.70.280.990.680.90.760.990.80.970.840.140.560.980.780.620.81-0.450.910.750.960.970.780.870.97
0.840.660.720.620.680.860.810.760.920.840.890.210.650.720.970.670.96-0.490.340.940.850.840.890.920.8
0.960.810.360.880.90.860.790.940.910.930.990.150.650.870.920.660.93-0.580.660.930.960.950.970.970.89
0.890.630.430.70.760.810.790.790.960.860.790.010.460.860.920.760.79-0.310.540.820.820.830.740.890.88
0.910.790.310.980.990.760.940.790.860.980.90.060.660.970.840.590.85-0.560.830.840.990.990.830.910.97
0.950.720.510.750.80.920.910.960.860.910.910.10.570.870.990.770.92-0.430.540.930.90.90.890.970.9
0.930.720.470.940.970.840.930.860.980.910.90.160.620.980.910.690.92-0.470.790.860.991.00.850.950.99
0.930.870.350.820.840.890.990.790.90.910.90.030.740.820.930.590.92-0.670.550.970.940.930.950.960.85
0.22-0.440.530.080.140.210.150.010.060.10.160.03-0.460.080.160.630.350.570.23-0.070.120.120.310.20.14
0.480.910.240.570.560.650.650.460.660.570.620.74-0.460.560.6-0.040.59-0.960.250.80.690.680.540.590.57
0.890.690.340.960.980.720.870.860.970.870.980.820.080.560.830.660.81-0.420.860.780.960.960.750.880.99
0.940.710.590.730.780.970.920.920.840.990.910.930.160.60.830.760.96-0.460.490.950.90.90.920.980.88
0.820.170.530.550.620.670.660.760.590.770.690.590.63-0.040.660.760.750.20.540.530.640.650.730.770.7
0.910.640.670.760.810.960.930.790.850.920.920.920.350.590.810.960.75-0.430.540.910.920.920.950.960.87
-0.39-0.910.01-0.49-0.45-0.49-0.58-0.31-0.56-0.43-0.47-0.670.57-0.96-0.42-0.460.2-0.43-0.16-0.71-0.57-0.55-0.46-0.47-0.42
0.690.410.070.920.910.340.660.540.830.540.790.550.230.250.860.490.540.54-0.160.410.760.770.520.620.82
0.870.880.460.720.750.940.930.820.840.930.860.97-0.070.80.780.950.530.91-0.710.410.90.890.90.930.82
0.930.790.430.940.960.850.960.820.990.90.990.940.120.690.960.90.640.92-0.570.760.91.00.880.950.97
0.930.770.440.940.970.840.950.830.990.91.00.930.120.680.960.90.650.92-0.550.770.891.00.870.950.98
0.940.70.450.740.780.890.970.740.830.890.850.950.310.540.750.920.730.95-0.460.520.90.880.870.960.79
0.980.740.490.830.870.920.970.890.910.970.950.960.20.590.880.980.770.96-0.470.620.930.950.950.960.92
0.910.680.440.940.970.80.890.880.970.90.990.850.140.570.990.880.70.87-0.420.820.820.970.980.790.92
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Innova Captab Account Relationship Matchups

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Other Information on Investing in Innova Stock

Balance Sheet is a snapshot of the financial position of Innova Captab Limited at a specified time, usually calculated after every quarter, six months, or one year. Innova Captab Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Innova Captab and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Innova currently owns. An asset can also be divided into two categories, current and non-current.