Kodiak Income Before Tax vs Tax Provision Analysis

KGS Stock

39.80 0.86 2.21%

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

Income Before Tax vs Tax Provision

Income Before Tax vs Tax Provision Correlation Analysis

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

The correlation between Kodiak Gas' Income Before Tax and Tax Provision is 0.58. Overlapping area represents the amount of variation of Income Before Tax that can explain the historical movement of Tax Provision in the same time period over historical financial statements of Kodiak Gas Services,, assuming nothing else is changed. The correlation between historical values of Kodiak Gas' Income Before Tax and Tax Provision 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 Kodiak Gas Services, are associated (or correlated) with its Tax Provision. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Tax Provision has no effect on the direction of Income Before Tax i.e., Kodiak Gas' Income Before Tax and Tax Provision go up and down completely randomly.

Correlation Coefficient

0.58

Relationship Direction	Positive
Relationship Strength	Weak

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Income Before Tax

Income Before Tax which can also be referred as pre-tax income is reported on Kodiak Gas income statement and is an important metric when analyzing Kodiak Gas Services, 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.

Tax Provision

The amount set aside by a company to cover any estimated taxes for the current period. It reflects the company's expected tax liabilities.

Most indicators from Kodiak Gas' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Kodiak Gas Services, 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 Kodiak Gas Services,. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.

At this time, Kodiak Gas' Tax Provision is comparatively stable compared to the past year. Issuance Of Capital Stock is likely to gain to about 291.7 M in 2024, whereas Selling General Administrative is likely to drop slightly above 54.4 M in 2024.

	2021	2022	2023	2024 (projected)
Interest Expense	107.3M	170.1M	222.5M	168.7M
Depreciation And Amortization	160.0M	174.5M	182.9M	182.3M

Interest Expense Depreciation And Amortization

Kodiak Gas fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Net Receivables	Good Will	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets
Total Assets		0.13	0.33	0.27	-0.03	0.34	-0.37	0.32	-0.03	0.13	-0.25	0.04	-0.49	-0.25	0.22	-0.17	-0.49	-0.02	-0.54	0.6	-0.23	0.05	0.18	-0.06	-0.06	0.0
Short Long Term Debt Total	0.13		0.06	-0.52	-0.75	-0.4	-0.68	0.53	0.49	1.0	0.6	0.23	-0.29	-0.43	-0.9	0.48	-0.29	0.41	-0.26	0.31	0.76	0.61	0.21	-1.0	0.33	0.51
Other Current Liab	0.33	0.06		-0.38	0.38	-0.3	-0.76	0.63	0.69	0.08	0.5	0.81	-0.87	-0.22	-0.01	0.69	-0.87	0.78	-0.63	0.49	0.32	0.74	0.96	0.01	-0.32	0.74
Total Current Liabilities	0.27	-0.52	-0.38		-0.1	0.99	0.65	-0.82	-0.93	-0.53	-0.97	-0.83	0.6	0.76	0.44	-0.91	0.6	-0.87	0.6	-0.55	-0.95	-0.84	-0.61	0.5	0.49	-0.89
Total Stockholder Equity	-0.03	-0.75	0.38	-0.1		-0.2	0.16	0.15	0.17	-0.74	0.0	0.43	-0.32	-0.18	0.81	0.12	-0.32	0.22	-0.38	0.28	-0.22	-0.01	0.33	0.79	-0.83	0.13
Other Liab	0.34	-0.4	-0.3	0.99	-0.2		0.52	-0.77	-0.88	-0.41	-0.92	-0.8	0.53	0.77	0.32	-0.85	0.53	-0.82	0.58	-0.53	-0.89	-0.75	-0.53	0.38	0.59	-0.83
Net Tangible Assets	-0.37	-0.68	-0.76	0.65	0.16	0.52		-0.85	-0.84	-0.7	-0.76	-0.77	0.86	0.52	0.54	-0.81	0.86	-0.85	0.7	-0.64	-0.73	-0.94	-0.83	0.62	0.11	-0.88
Property Plant And Equipment Net	0.32	0.53	0.63	-0.82	0.15	-0.77	-0.85		0.91	0.54	0.81	0.88	-0.91	-0.87	-0.26	0.82	-0.91	0.87	-0.92	0.89	0.77	0.87	0.75	-0.45	-0.56	0.9
Current Deferred Revenue	-0.03	0.49	0.69	-0.93	0.17	-0.88	-0.84	0.91		0.5	0.96	0.95	-0.82	-0.7	-0.39	0.98	-0.82	0.99	-0.74	0.65	0.88	0.96	0.85	-0.44	-0.48	0.99
Net Debt	0.13	1.0	0.08	-0.53	-0.74	-0.41	-0.7	0.54	0.5		0.61	0.25	-0.31	-0.43	-0.9	0.5	-0.31	0.43	-0.27	0.31	0.76	0.62	0.23	-0.99	0.32	0.53
Retained Earnings	-0.25	0.6	0.5	-0.97	0.0	-0.92	-0.76	0.81	0.96	0.61		0.85	-0.63	-0.64	-0.57	0.97	-0.63	0.93	-0.55	0.48	0.97	0.93	0.71	-0.57	-0.34	0.95
Accounts Payable	0.04	0.23	0.81	-0.83	0.43	-0.8	-0.77	0.88	0.95	0.25	0.85		-0.89	-0.64	-0.13	0.92	-0.89	0.97	-0.78	0.67	0.7	0.89	0.92	-0.17	-0.63	0.95
Cash	-0.49	-0.29	-0.87	0.6	-0.32	0.53	0.86	-0.91	-0.82	-0.31	-0.63	-0.89		0.65	0.05	-0.74	1.0	-0.85	0.92	-0.84	-0.52	-0.82	-0.9	0.2	0.54	-0.84
Non Current Assets Total	-0.25	-0.43	-0.22	0.76	-0.18	0.77	0.52	-0.87	-0.7	-0.43	-0.64	-0.64	0.65		0.08	-0.55	0.65	-0.6	0.86	-0.9	-0.66	-0.57	-0.37	0.38	0.69	-0.64
Non Currrent Assets Other	0.22	-0.9	-0.01	0.44	0.81	0.32	0.54	-0.26	-0.39	-0.9	-0.57	-0.13	0.05	0.08		-0.47	0.05	-0.35	-0.1	0.09	-0.7	-0.54	-0.16	0.92	-0.55	-0.43
Other Assets	-0.17	0.48	0.69	-0.91	0.12	-0.85	-0.81	0.82	0.98	0.5	0.97	0.92	-0.74	-0.55	-0.47		-0.74	0.98	-0.59	0.48	0.88	0.97	0.85	-0.45	-0.36	0.98
Cash And Short Term Investments	-0.49	-0.29	-0.87	0.6	-0.32	0.53	0.86	-0.91	-0.82	-0.31	-0.63	-0.89	1.0	0.65	0.05	-0.74		-0.85	0.92	-0.84	-0.52	-0.82	-0.9	0.2	0.54	-0.84
Net Receivables	-0.02	0.41	0.78	-0.87	0.22	-0.82	-0.85	0.87	0.99	0.43	0.93	0.97	-0.85	-0.6	-0.35	0.98	-0.85		-0.71	0.6	0.82	0.97	0.92	-0.36	-0.45	0.99
Good Will	-0.54	-0.26	-0.63	0.6	-0.38	0.58	0.7	-0.92	-0.74	-0.27	-0.55	-0.78	0.92	0.86	-0.1	-0.59	0.92	-0.71		-0.98	-0.48	-0.66	-0.67	0.17	0.72	-0.71
Common Stock Shares Outstanding	0.6	0.31	0.49	-0.55	0.28	-0.53	-0.64	0.89	0.65	0.31	0.48	0.67	-0.84	-0.9	0.09	0.48	-0.84	0.6	-0.98		0.45	0.57	0.53	-0.22	-0.68	0.62
Non Current Liabilities Total	-0.23	0.76	0.32	-0.95	-0.22	-0.89	-0.73	0.77	0.88	0.76	0.97	0.7	-0.52	-0.66	-0.7	0.88	-0.52	0.82	-0.48	0.45		0.87	0.54	-0.74	-0.2	0.87
Inventory	0.05	0.61	0.74	-0.84	-0.01	-0.75	-0.94	0.87	0.96	0.62	0.93	0.89	-0.82	-0.57	-0.54	0.97	-0.82	0.97	-0.66	0.57	0.87		0.88	-0.56	-0.26	0.99
Other Current Assets	0.18	0.21	0.96	-0.61	0.33	-0.53	-0.83	0.75	0.85	0.23	0.71	0.92	-0.9	-0.37	-0.16	0.85	-0.9	0.92	-0.67	0.53	0.54	0.88		-0.14	-0.38	0.88
Other Stockholder Equity	-0.06	-1.0	0.01	0.5	0.79	0.38	0.62	-0.45	-0.44	-0.99	-0.57	-0.17	0.2	0.38	0.92	-0.45	0.2	-0.36	0.17	-0.22	-0.74	-0.56	-0.14		-0.38	-0.46
Total Liab	-0.06	0.33	-0.32	0.49	-0.83	0.59	0.11	-0.56	-0.48	0.32	-0.34	-0.63	0.54	0.69	-0.55	-0.36	0.54	-0.45	0.72	-0.68	-0.2	-0.26	-0.38	-0.38		-0.41
Total Current Assets	0.0	0.51	0.74	-0.89	0.13	-0.83	-0.88	0.9	0.99	0.53	0.95	0.95	-0.84	-0.64	-0.43	0.98	-0.84	0.99	-0.71	0.62	0.87	0.99	0.88	-0.46	-0.41

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Kodiak Income Before Tax vs Tax Provision Analysis

Income Before Tax vs Tax Provision

Income Before Tax vs Tax Provision Correlation Analysis

Correlation Coefficient

Income Before Tax

Tax Provision

Kodiak Gas fundamental ratios Correlations

Kodiak Gas Account Relationship Matchups

High Positive Relationship

High Negative Relationship

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Additional Tools for Kodiak Stock Analysis

COMMON DESTINATIONS

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COMPANY

Net Debt	+ 1.0	Short Long Term Debt Total
Cash And Short Term Investments	+ 1.0	Cash
Other Liab	+ 0.99	Total Current Liabilities
Net Receivables	+ 0.99	Current Deferred Revenue
Total Current Assets	+ 0.99	Current Deferred Revenue
Total Current Assets	+ 0.99	Net Receivables

Other Stockholder Equity	- 1.0	Short Long Term Debt Total
Other Stockholder Equity	- 0.99	Net Debt
Common Stock Shares Outstanding	- 0.98	Good Will
Retained Earnings	- 0.97	Total Current Liabilities
Non Current Liabilities Total	- 0.95	Total Current Liabilities
Inventory	- 0.94	Net Tangible Assets