Phoenix Interest Income vs Income Before Tax Analysis

PXC Stock   5.25  0.75  12.50%   
Phoenix Global financial indicator trend analysis is much more than just breaking down Phoenix Global Mining prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Phoenix Global Mining is a good investment. Please check the relationship between Phoenix Global Interest Income and its Income Before Tax accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Phoenix Global Mining. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

Interest Income vs Income Before Tax

Interest Income vs Income Before Tax Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Phoenix Global Mining Interest Income account and Income Before Tax. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Phoenix Global's Interest Income and Income Before Tax is -0.14. Overlapping area represents the amount of variation of Interest Income that can explain the historical movement of Income Before Tax in the same time period over historical financial statements of Phoenix Global Mining, assuming nothing else is changed. The correlation between historical values of Phoenix Global's Interest Income and Income Before Tax is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Interest Income of Phoenix Global Mining are associated (or correlated) with its Income Before Tax. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Income Before Tax has no effect on the direction of Interest Income i.e., Phoenix Global's Interest Income and Income Before Tax go up and down completely randomly.

Correlation Coefficient

-0.14
Relationship DirectionNegative 
Relationship StrengthInsignificant

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.

Income Before Tax

Income Before Tax which can also be referred as pre-tax income is reported on Phoenix Global income statement and is an important metric when analyzing Phoenix Global Mining 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.
Most indicators from Phoenix Global's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Phoenix Global Mining 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 Phoenix Global Mining. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.
The current year's Selling General Administrative is expected to grow to about 989.1 K, whereas Issuance Of Capital Stock is forecasted to decline to about 485.7 K.

Phoenix Global fundamental ratios Correlations

0.861.0-0.38-0.930.830.550.980.550.550.610.880.970.890.70.020.740.910.770.990.690.990.940.880.950.97
0.860.840.03-0.860.530.170.910.490.170.430.810.770.940.340.110.390.720.670.880.410.890.80.80.750.9
1.00.84-0.4-0.910.840.560.980.540.560.590.880.970.880.720.020.760.920.760.990.70.990.940.870.960.97
-0.380.03-0.40.18-0.73-0.98-0.22-0.21-0.98-0.29-0.02-0.39-0.09-0.920.03-0.51-0.44-0.25-0.33-0.57-0.3-0.32-0.3-0.49-0.2
-0.93-0.86-0.910.18-0.75-0.36-0.94-0.73-0.36-0.78-0.82-0.87-0.97-0.51-0.1-0.59-0.82-0.91-0.9-0.63-0.95-0.88-0.92-0.83-0.9
0.830.530.84-0.73-0.750.810.750.620.810.620.580.830.650.880.140.750.790.70.790.830.80.780.750.850.71
0.550.170.56-0.98-0.360.810.390.311.00.40.170.530.290.98-0.030.550.570.390.50.660.480.470.470.630.37
0.980.910.98-0.22-0.940.750.390.540.390.590.930.950.930.570.030.690.880.770.990.630.990.940.870.910.99
0.550.490.54-0.21-0.730.620.310.540.310.690.410.510.640.360.540.370.480.740.50.420.550.550.630.510.46
0.550.170.56-0.98-0.360.811.00.390.310.40.170.530.290.98-0.030.550.570.390.50.660.480.470.470.630.37
0.610.430.59-0.29-0.780.620.40.590.690.40.380.570.720.46-0.010.330.50.890.550.650.630.520.70.50.49
0.880.810.88-0.02-0.820.580.170.930.410.170.380.90.770.360.060.750.810.590.90.450.880.880.720.830.95
0.970.770.97-0.39-0.870.830.530.950.510.530.570.90.810.690.040.780.870.710.970.730.950.910.780.920.95
0.890.940.88-0.09-0.970.650.290.930.640.290.720.770.810.440.070.430.750.860.890.570.930.820.890.770.89
0.70.340.72-0.92-0.510.880.980.570.360.980.460.360.690.44-0.010.660.690.490.660.720.640.610.580.750.55
0.020.110.020.03-0.10.14-0.030.030.54-0.03-0.010.060.040.07-0.010.12-0.12-0.060.01-0.030.0-0.02-0.04-0.020.02
0.740.390.76-0.51-0.590.750.550.690.370.550.330.750.780.430.660.120.790.410.720.540.680.770.590.810.7
0.910.720.92-0.44-0.820.790.570.880.480.570.50.810.870.750.69-0.120.790.670.90.660.90.980.910.980.89
0.770.670.76-0.25-0.910.70.390.770.740.390.890.590.710.860.49-0.060.410.670.730.560.80.710.820.670.69
0.990.880.99-0.33-0.90.790.50.990.50.50.550.90.970.890.660.010.720.90.730.670.990.940.850.940.99
0.690.410.7-0.57-0.630.830.660.630.420.660.650.450.730.570.72-0.030.540.660.560.670.690.650.680.70.61
0.990.890.99-0.3-0.950.80.480.990.550.480.630.880.950.930.640.00.680.90.80.990.690.940.90.930.98
0.940.80.94-0.32-0.880.780.470.940.550.470.520.880.910.820.61-0.020.770.980.710.940.650.940.920.980.94
0.880.80.87-0.3-0.920.750.470.870.630.470.70.720.780.890.58-0.040.590.910.820.850.680.90.920.890.84
0.950.750.96-0.49-0.830.850.630.910.510.630.50.830.920.770.75-0.020.810.980.670.940.70.930.980.890.92
0.970.90.97-0.2-0.90.710.370.990.460.370.490.950.950.890.550.020.70.890.690.990.610.980.940.840.92
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Phoenix Global Account Relationship Matchups

Phoenix Global fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets12.4M16.3M39.9M39.7M40.5M42.5M
Total Current Liabilities282.9K1.7M1.1M1.1M2.7M2.8M
Total Stockholder Equity10.4M13.7M37.7M37.8M37.2M39.0M
Net Debt589.4K402.5K(13.0M)(4.7M)1.8M1.9M
Retained Earnings(5.2M)(5.5M)(5.8M)(7.1M)(8.2M)(7.8M)
Accounts Payable178.1K156.1K862.9K569.9K410.4K327.3K
Cash210.6K1.1M13.0M4.7M283.7K269.5K
Non Current Assets Total11.9M15.1M26.5M33.5M38.8M40.7M
Cash And Short Term Investments210.6K1.1M13.1M4.7M287.9K273.5K
Liabilities And Stockholders Equity12.4M16.3M39.9M39.7M40.5M42.5M
Non Current Liabilities Total767.4K757.7K1.6M1.0M657.7K706.2K
Other Current Assets267.9K122.3K365.8K1.5M1.4M1.5M
Other Stockholder Equity15.6M(18.6K)43.4M44.9M45.4M47.6M
Total Liab1.8M2.5M2.1M1.8M3.3M3.5M
Total Current Assets478.5K1.3M13.5M6.2M1.7M2.8M
Other Current Liab104.8K37.8K270.3K502.6K206.3K183.1K
Common Stock Shares Outstanding40.9M57.5M104.2M121.8M122.7M63.6M
Net Tangible Assets8.8M10.2M13.4M37.4M43.0M45.1M
Net Receivables243.9K68.8K365.8K181.1K208.2K184.2K
Property Plant Equipment9.9M11.7M14.8M26.1M30.0M31.5M
Property Plant And Equipment Net11.9M15.1M26.5M33.5M38.8M22.2M
Net Invested Capital11.2M15.3M37.7M37.8M39.2M24.6M
Property Plant And Equipment Gross11.9M15.1M26.5M33.5M38.5M40.4M
Net Working Capital195.6K(474.1K)12.3M5.1M(943.0K)(895.9K)
Common Stock13.4M15.6M19.3M43.5M50.0M52.5M

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Other Information on Investing in Phoenix Stock

Balance Sheet is a snapshot of the financial position of Phoenix Global Mining at a specified time, usually calculated after every quarter, six months, or one year. Phoenix Global Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Phoenix Global 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 Phoenix currently owns. An asset can also be divided into two categories, current and non-current.