Kirby Net Income vs Depreciation Analysis

KEX Stock

USD 103.90 1.14 1.09%

Kirby financial indicator trend analysis is infinitely more than just investigating Kirby recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Kirby is a good investment. Please check the relationship between Kirby Net Income and its Depreciation accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Kirby. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.

For more information on how to buy Kirby Stock please use our How to Invest in Kirby guide.

Net Income vs Depreciation

Net Income vs Depreciation Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Kirby Net Income account and Depreciation. At this time, the significance of the direction appears to have almost no relationship.

The correlation between Kirby's Net Income and Depreciation is 0.11. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Depreciation in the same time period over historical financial statements of Kirby, assuming nothing else is changed. The correlation between historical values of Kirby's Net Income and Depreciation is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Income of Kirby are associated (or correlated) with its Depreciation. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Depreciation has no effect on the direction of Net Income i.e., Kirby's Net Income and Depreciation go up and down completely randomly.

Correlation Coefficient

0.11

Relationship Direction	Positive
Relationship Strength	Insignificant

View All Relationships

Net Income

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

Depreciation

Depreciation indicates how much of Kirby value has been used up. For tax purposes Kirby can deduct the cost of the tangible assets it purchases as business expenses. However, Kirby 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.

Most indicators from Kirby's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Kirby 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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Kirby. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.

For more information on how to buy Kirby Stock please use our How to Invest in Kirby guide.Selling General Administrative is likely to rise to about 404.8 M in 2025. Tax Provision is likely to rise to about 67.3 M in 2025

	2022	2023	2024	2025 (projected)
Gross Profit	522.4M	700.1M	805.1M	845.3M
Total Revenue	2.8B	3.1B	3.6B	3.7B

Gross Profit Total Revenue

Kirby fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Intangible Assets	Other Assets	Short Term Investments	Accounts Payable	Current Deferred Revenue
Total Assets		0.9	0.86	0.9	0.99	0.99	0.9	0.98	0.44	1.0	-0.41	0.48	0.95	0.83	0.96	0.9	0.92	0.81	0.99	0.96	0.23	-0.33	-0.18	-0.69	0.86	0.73
Short Long Term Debt Total	0.9		0.65	0.73	0.85	0.89	1.0	0.81	0.54	0.91	-0.61	0.57	0.82	0.79	0.97	0.8	0.75	0.86	0.95	0.84	0.27	-0.3	-0.02	-0.61	0.7	0.54
Other Current Liab	0.86	0.65		0.86	0.88	0.81	0.66	0.9	0.05	0.86	-0.09	0.09	0.81	0.68	0.74	0.81	0.79	0.58	0.81	0.82	0.07	-0.18	-0.32	-0.59	0.84	0.69
Total Current Liabilities	0.9	0.73	0.86		0.89	0.9	0.73	0.87	0.4	0.87	-0.21	0.45	0.94	0.83	0.79	0.92	0.89	0.77	0.88	0.96	0.41	-0.28	-0.24	-0.6	0.97	0.89
Total Stockholder Equity	0.99	0.85	0.88	0.89		0.97	0.85	0.99	0.41	0.99	-0.38	0.45	0.94	0.81	0.92	0.9	0.91	0.8	0.95	0.95	0.16	-0.36	-0.24	-0.66	0.87	0.74
Property Plant And Equipment Net	0.99	0.89	0.81	0.9	0.97		0.89	0.96	0.49	0.98	-0.39	0.53	0.94	0.85	0.95	0.89	0.92	0.79	0.98	0.95	0.28	-0.39	-0.16	-0.64	0.84	0.78
Net Debt	0.9	1.0	0.66	0.73	0.85	0.89		0.81	0.5	0.91	-0.6	0.53	0.81	0.79	0.97	0.79	0.75	0.86	0.94	0.84	0.25	-0.28	-0.03	-0.61	0.7	0.53
Retained Earnings	0.98	0.81	0.9	0.87	0.99	0.96	0.81		0.34	0.98	-0.32	0.38	0.92	0.77	0.91	0.86	0.91	0.71	0.94	0.92	0.13	-0.31	-0.23	-0.69	0.83	0.7
Cash	0.44	0.54	0.05	0.4	0.41	0.49	0.5	0.34		0.41	-0.62	0.99	0.53	0.49	0.48	0.43	0.34	0.6	0.48	0.54	0.54	-0.47	0.17	-0.14	0.32	0.39
Non Current Assets Total	1.0	0.91	0.86	0.87	0.99	0.98	0.91	0.98	0.41		-0.41	0.44	0.93	0.82	0.97	0.88	0.91	0.79	0.98	0.93	0.2	-0.3	-0.16	-0.71	0.83	0.69
Non Currrent Assets Other	-0.41	-0.61	-0.09	-0.21	-0.38	-0.39	-0.6	-0.32	-0.62	-0.41		-0.6	-0.32	-0.35	-0.5	-0.4	-0.17	-0.63	-0.44	-0.39	-0.12	0.44	0.14	0.06	-0.19	-0.08
Cash And Short Term Investments	0.48	0.57	0.09	0.45	0.45	0.53	0.53	0.38	0.99	0.44	-0.6		0.57	0.49	0.51	0.48	0.38	0.63	0.51	0.58	0.54	-0.5	0.16	-0.14	0.37	0.44
Net Receivables	0.95	0.82	0.81	0.94	0.94	0.94	0.81	0.92	0.53	0.93	-0.32	0.57		0.82	0.88	0.86	0.93	0.81	0.93	0.97	0.42	-0.28	-0.11	-0.7	0.89	0.77
Common Stock Shares Outstanding	0.83	0.79	0.68	0.83	0.81	0.85	0.79	0.77	0.49	0.82	-0.35	0.49	0.82		0.81	0.8	0.77	0.76	0.85	0.84	0.34	-0.25	-0.07	-0.56	0.8	0.72
Non Current Liabilities Total	0.96	0.97	0.74	0.79	0.92	0.95	0.97	0.91	0.48	0.97	-0.5	0.51	0.88	0.81		0.81	0.86	0.78	0.99	0.88	0.26	-0.27	-0.03	-0.71	0.74	0.59
Inventory	0.9	0.8	0.81	0.92	0.9	0.89	0.79	0.86	0.43	0.88	-0.4	0.48	0.86	0.8	0.81		0.81	0.81	0.88	0.96	0.14	-0.51	-0.39	-0.43	0.92	0.88
Other Current Assets	0.92	0.75	0.79	0.89	0.91	0.92	0.75	0.91	0.34	0.91	-0.17	0.38	0.93	0.77	0.86	0.81		0.65	0.9	0.9	0.31	-0.19	-0.2	-0.8	0.86	0.76
Other Stockholder Equity	0.81	0.86	0.58	0.77	0.8	0.79	0.86	0.71	0.6	0.79	-0.63	0.63	0.81	0.76	0.78	0.81	0.65		0.81	0.85	0.31	-0.4	-0.17	-0.42	0.78	0.62
Total Liab	0.99	0.95	0.81	0.88	0.95	0.98	0.94	0.94	0.48	0.98	-0.44	0.51	0.93	0.85	0.99	0.88	0.9	0.81		0.94	0.31	-0.28	-0.08	-0.71	0.83	0.7
Total Current Assets	0.96	0.84	0.82	0.96	0.95	0.95	0.84	0.92	0.54	0.93	-0.39	0.58	0.97	0.84	0.88	0.96	0.9	0.85	0.94		0.32	-0.42	-0.24	-0.59	0.93	0.85
Short Term Debt	0.23	0.27	0.07	0.41	0.16	0.28	0.25	0.13	0.54	0.2	-0.12	0.54	0.42	0.34	0.26	0.14	0.31	0.31	0.31	0.32		0.11	0.34	-0.3	0.29	0.24
Intangible Assets	-0.33	-0.3	-0.18	-0.28	-0.36	-0.39	-0.28	-0.31	-0.47	-0.3	0.44	-0.5	-0.28	-0.25	-0.27	-0.51	-0.19	-0.4	-0.28	-0.42	0.11		0.55	-0.33	-0.22	-0.49
Other Assets	-0.18	-0.02	-0.32	-0.24	-0.24	-0.16	-0.03	-0.23	0.17	-0.16	0.14	0.16	-0.11	-0.07	-0.03	-0.39	-0.2	-0.17	-0.08	-0.24	0.34	0.55		-0.15	-0.28	-0.35
Short Term Investments	-0.69	-0.61	-0.59	-0.6	-0.66	-0.64	-0.61	-0.69	-0.14	-0.71	0.06	-0.14	-0.7	-0.56	-0.71	-0.43	-0.8	-0.42	-0.71	-0.59	-0.3	-0.33	-0.15		-0.6	-0.31
Accounts Payable	0.86	0.7	0.84	0.97	0.87	0.84	0.7	0.83	0.32	0.83	-0.19	0.37	0.89	0.8	0.74	0.92	0.86	0.78	0.83	0.93	0.29	-0.22	-0.28	-0.6		0.87
Current Deferred Revenue	0.73	0.54	0.69	0.89	0.74	0.78	0.53	0.7	0.39	0.69	-0.08	0.44	0.77	0.72	0.59	0.88	0.76	0.62	0.7	0.85	0.24	-0.49	-0.35	-0.31	0.87

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Kirby Account Relationship Matchups

Kirby fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	5.9B	5.4B	5.6B	5.7B	6.6B	6.9B
Short Long Term Debt Total	1.7B	1.4B	1.3B	1.2B	1.4B	1.4B
Other Current Liab	147.7M	157.4M	138.1M	228.9M	263.3M	276.5M
Total Current Liabilities	466.0M	543.8M	642.2M	675.8M	777.2M	816.0M
Total Stockholder Equity	3.1B	2.9B	3.0B	3.2B	3.7B	3.8B
Property Plant And Equipment Net	4.1B	3.8B	3.8B	4.0B	4.6B	4.8B
Net Debt	1.6B	1.3B	1.2B	1.2B	1.3B	1.4B
Retained Earnings	2.6B	2.3B	2.5B	2.7B	3.1B	3.3B
Cash	80.3M	34.8M	80.6M	32.6M	37.5M	23.7M
Non Current Assets Total	4.9B	4.4B	4.3B	4.6B	5.3B	5.5B
Non Currrent Assets Other	(551.5M)	(526.2M)	(563.1M)	89.5M	80.5M	84.5M
Cash And Short Term Investments	80.3M	34.8M	80.6M	32.6M	37.5M	34.4M
Net Receivables	600.2M	567.9M	598.0M	578.7M	665.5M	698.8M
Common Stock Shares Outstanding	59.9M	60.1M	60.3M	59.9M	68.8M	58.3M
Liabilities And Stockholders Equity	5.9B	5.4B	5.6B	5.7B	6.6B	6.9B
Non Current Liabilities Total	2.4B	2.0B	1.9B	1.9B	2.1B	2.2B
Inventory	309.7M	331.4M	461.8M	454.4M	522.5M	548.7M
Other Current Assets	57.8M	69.8M	71.4M	69.5M	79.9M	83.9M
Other Stockholder Equity	545.8M	559.3M	550.7M	452.2M	520.0M	546.0M
Total Liab	2.8B	2.5B	2.5B	2.5B	2.9B	3.1B
Total Current Assets	1.0B	1.0B	1.2B	1.1B	1.3B	1.4B
Short Term Debt	65.5M	69.7M	76.2M	41.4M	47.6M	50.0M
Intangible Assets	69.0M	60.1M	51.5M	42.9M	49.4M	46.9M
Other Assets	58.2M	232.4M	48.0M	62.8M	72.2M	73.2M
Accounts Payable	162.5M	199.1M	278.1M	269.4M	309.8M	325.3M
Current Deferred Revenue	45.4M	72.8M	119.3M	134.6M	154.8M	162.5M
Property Plant And Equipment Gross	4.1B	5.4B	5.5B	6.0B	6.9B	7.2B
Accumulated Other Comprehensive Income	(61.5M)	(26.0M)	16.9M	35.0M	40.3M	42.3M
Other Liab	684.2M	738.5M	645.4M	649.1M	746.5M	783.8M
Long Term Debt	1.5B	1.2B	1.1B	1.0B	1.2B	728.5M
Treasury Stock	(302.0M)	(299.2M)	(295.2M)	(308.6M)	(277.7M)	(263.9M)
Property Plant Equipment	3.8B	3.9B	3.7B	3.8B	4.4B	4.6B
Net Tangible Assets	2.2B	2.4B	2.3B	2.6B	2.9B	2.0B
Noncontrolling Interest In Consolidated Entity	3.0M	3.2M	2.5M	2.3M	2.1M	3.6M
Retained Earnings Total Equity	2.9B	2.6B	2.3B	2.5B	2.8B	2.0B

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

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Kirby Net Income vs Depreciation Analysis

Net Income vs Depreciation

Net Income vs Depreciation Correlation Analysis

Correlation Coefficient

Net Income

Depreciation

Kirby fundamental ratios Correlations

Kirby Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Kirby fundamental ratios Accounts

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Additional Tools for Kirby Stock Analysis

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

Short Term Investments	- 0.8	Other Current Assets
Short Term Investments	- 0.71	Total Liab
Short Term Investments	- 0.71	Non Current Liabilities Total
Short Term Investments	- 0.71	Non Current Assets Total
Short Term Investments	- 0.7	Net Receivables
Short Term Investments	- 0.69	Retained Earnings