Pacific Operating Income vs Income Tax Expense Analysis

PEX Stock  CAD 0.03  0.01  16.67%   
Pacific Ridge financial indicator trend analysis is much more than just breaking down Pacific Ridge Exploration prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Pacific Ridge Exploration is a good investment. Please check the relationship between Pacific Ridge Operating Income and its Income Tax Expense accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Pacific Ridge Exploration. 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.

Operating Income vs Income Tax Expense

Operating Income vs Income Tax Expense Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Pacific Ridge Exploration Operating Income account and Income Tax Expense. At this time, the significance of the direction appears to have very week relationship.
The correlation between Pacific Ridge's Operating Income and Income Tax Expense is 0.26. Overlapping area represents the amount of variation of Operating Income that can explain the historical movement of Income Tax Expense in the same time period over historical financial statements of Pacific Ridge Exploration, assuming nothing else is changed. The correlation between historical values of Pacific Ridge's Operating Income and Income Tax Expense is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Operating Income of Pacific Ridge Exploration are associated (or correlated) with its Income Tax Expense. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Income Tax Expense has no effect on the direction of Operating Income i.e., Pacific Ridge's Operating Income and Income Tax Expense go up and down completely randomly.

Correlation Coefficient

0.26
Relationship DirectionPositive 
Relationship StrengthVery Weak

Operating Income

Operating Income is the amount of profit realized from Pacific Ridge Exploration 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 Pacific Ridge Exploration 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.

Income Tax Expense

Most indicators from Pacific Ridge's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Pacific Ridge Exploration 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in Pacific Ridge Exploration. 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.
At this time, Pacific Ridge's Selling General Administrative is fairly stable compared to the past year. Enterprise Value is likely to climb to about 18.9 M in 2024, whereas Issuance Of Capital Stock is likely to drop slightly above 628 K in 2024.
 2021 2022 2023 2024 (projected)
Reconciled Depreciation41.1K32.3K72.6K44.3K
Interest Income3.4K49.8K169.1K177.5K

Pacific Ridge fundamental ratios Correlations

0.610.650.990.67-0.620.160.410.620.680.610.440.26-0.030.640.620.490.550.30.530.280.230.43-0.170.670.55
0.610.990.50.01-0.77-0.570.840.770.020.770.640.69-0.380.990.780.79-0.240.780.81-0.280.530.8-0.360.960.78
0.650.990.53-0.01-0.84-0.530.830.840.00.840.620.62-0.291.00.850.73-0.220.750.77-0.180.490.75-0.30.950.83
0.990.50.530.75-0.520.260.290.520.760.510.40.210.020.530.520.430.640.20.470.330.170.36-0.180.570.44
0.670.01-0.010.750.160.44-0.13-0.161.0-0.170.260.120.06-0.01-0.170.260.8-0.060.260.320.050.17-0.290.12-0.18
-0.62-0.77-0.84-0.520.160.21-0.66-1.00.16-1.0-0.25-0.160.08-0.84-1.0-0.330.09-0.43-0.37-0.06-0.22-0.34-0.14-0.74-0.93
0.16-0.57-0.530.260.440.21-0.49-0.210.44-0.21-0.67-0.80.32-0.53-0.23-0.630.85-0.86-0.680.53-0.47-0.720.55-0.56-0.17
0.410.840.830.29-0.13-0.66-0.490.66-0.130.660.460.5-0.440.830.670.56-0.30.660.52-0.260.70.57-0.090.740.69
0.620.770.840.52-0.16-1.0-0.210.66-0.161.00.260.17-0.080.841.00.34-0.090.440.380.060.230.350.140.750.93
0.680.020.00.761.00.160.44-0.13-0.16-0.170.260.120.050.0-0.160.260.8-0.060.260.320.050.17-0.290.13-0.17
0.610.770.840.51-0.17-1.0-0.210.661.0-0.170.250.17-0.080.841.00.33-0.10.440.370.060.230.340.140.750.93
0.440.640.620.40.26-0.25-0.670.460.260.260.250.89-0.140.630.270.83-0.250.780.91-0.140.570.86-0.830.660.1
0.260.690.620.210.12-0.16-0.80.50.170.120.170.89-0.460.630.190.93-0.420.850.94-0.520.580.95-0.850.690.12
-0.03-0.38-0.290.020.060.080.32-0.44-0.080.05-0.08-0.14-0.46-0.29-0.08-0.50.25-0.33-0.320.87-0.36-0.460.22-0.28-0.14
0.640.991.00.53-0.01-0.84-0.530.830.840.00.840.630.63-0.290.850.74-0.220.750.77-0.180.490.75-0.30.950.83
0.620.780.850.52-0.17-1.0-0.230.671.0-0.161.00.270.19-0.080.850.35-0.10.450.390.050.240.360.130.760.93
0.490.790.730.430.26-0.33-0.630.560.340.260.330.830.93-0.50.740.35-0.220.790.93-0.460.540.99-0.740.780.3
0.55-0.24-0.220.640.80.090.85-0.3-0.090.8-0.1-0.25-0.420.25-0.22-0.1-0.22-0.54-0.240.56-0.21-0.320.2-0.19-0.06
0.30.780.750.2-0.06-0.43-0.860.660.44-0.060.440.780.85-0.330.750.450.79-0.540.84-0.360.610.84-0.490.850.39
0.530.810.770.470.26-0.37-0.680.520.380.260.370.910.94-0.320.770.390.93-0.240.84-0.320.460.95-0.80.830.32
0.28-0.28-0.180.330.32-0.060.53-0.260.060.320.06-0.14-0.520.87-0.180.05-0.460.56-0.36-0.32-0.21-0.470.33-0.19-0.01
0.230.530.490.170.05-0.22-0.470.70.230.050.230.570.58-0.360.490.240.54-0.210.610.46-0.210.54-0.260.470.21
0.430.80.750.360.17-0.34-0.720.570.350.170.340.860.95-0.460.750.360.99-0.320.840.95-0.470.54-0.760.790.3
-0.17-0.36-0.3-0.18-0.29-0.140.55-0.090.14-0.290.14-0.83-0.850.22-0.30.13-0.740.2-0.49-0.80.33-0.26-0.76-0.340.23
0.670.960.950.570.12-0.74-0.560.740.750.130.750.660.69-0.280.950.760.78-0.190.850.83-0.190.470.79-0.340.75
0.550.780.830.44-0.18-0.93-0.170.690.93-0.170.930.10.12-0.140.830.930.3-0.060.390.32-0.010.210.30.230.75
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Pacific Ridge Account Relationship Matchups

Pacific Ridge fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets1.4M1.2M1.3M8.6M5.2M3.5M
Other Current Liab71.9K103.9K222.8K1.4M569.7K598.1K
Total Current Liabilities87.3K131.8K252.0K1.8M628.1K659.5K
Total Stockholder Equity1.3M1.1M1.1M6.8M4.5M3.3M
Property Plant And Equipment Net449.8K505.3K597.1K611.5K4.4M2.4M
Net Debt(879.9K)(580.2K)(520.1K)(7.8M)(479.1K)(503.1K)
Retained Earnings(45.6M)(46.1M)(48.9M)(56.6M)(64.4M)(61.2M)
Accounts Payable71.9K103.9K222.8K372.5K158.1K99.3K
Cash895.3K628.7K549.4K7.8M541.8K514.7K
Non Current Assets Total467.3K538.8K618.1K676.1K4.5M2.4M
Cash And Short Term Investments912.0K671.4K603.4K7.9M541.8K514.7K
Net Receivables2.3K8.0K31.0K48.3K81.0K85.0K
Common Stock Shares Outstanding31.7M32.9M47.8M74.9M118.9M124.9M
Liabilities And Stockholders Equity1.4M1.2M1.3M8.6M5.2M3.5M
Other Stockholder Equity3.3M3.4M3.7M5.3M5.8M5.5M
Total Liab87.3K152.4K252.0K1.8M632.4K664.0K
Total Current Assets920.4K689.0K718.2K7.9M672.1K638.5K
Non Currrent Assets Other17.5K33.5K21K64.6K74.3K78.1K
Accumulated Other Comprehensive Income(36.3K)(10.3K)1K(12.5K)(11.3K)(10.7K)
Short Term Investments36.8K26.0K16.7K42.7K54K44.8K
Net Tangible Assets1.3M1.1M1.1M6.8M7.9M8.3M
Property Plant Equipment449.8K505.3K597.1K611.5K550.3K464.2K
Other Current Assets6.0K9.6K83.8K42.7K49.2K25.9K
Other Assets17.5K33.5K21K64.6K74.3K78.1K
Net Invested Capital1.3M1.1M1.1M6.8M4.5M2.8M
Net Working Capital833.1K557.2K466.1K6.2M44.0K41.8K

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