Change Net Interest Income vs Income Before Tax Analysis

CCA Stock   0.06  0  1.67%   
Change Financial financial indicator trend analysis is way more than just evaluating Change Financial prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Change Financial is a good investment. Please check the relationship between Change Financial Net Interest Income and its Income Before Tax accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Change Financial 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 board of governors.

Net Interest Income vs Income Before Tax

Net 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 Change Financial Net Interest Income account and Income Before Tax. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Change Financial's Net Interest Income and Income Before Tax is -0.09. Overlapping area represents the amount of variation of Net Interest Income that can explain the historical movement of Income Before Tax in the same time period over historical financial statements of Change Financial Limited, assuming nothing else is changed. The correlation between historical values of Change Financial's Net 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 Net Interest Income of Change Financial Limited 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 Net Interest Income i.e., Change Financial's Net Interest Income and Income Before Tax go up and down completely randomly.

Correlation Coefficient

-0.09
Relationship DirectionNegative 
Relationship StrengthInsignificant

Net Interest Income

The difference between the revenue generated from a bank's interest-bearing assets and the expenses associated with paying its interest-bearing liabilities.

Income Before Tax

Income Before Tax which can also be referred as pre-tax income is reported on Change Financial income statement and is an important metric when analyzing Change Financial 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 Change Financial's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Change Financial 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Change Financial 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 board of governors.
Tax Provision is likely to gain to about 324.2 K in 2024, whereas Selling General Administrative is likely to drop slightly above 3.3 M in 2024.
 2021 2022 2023 2024 (projected)
Cost Of Revenue11.0M9.4M7.6M5.8M
Research Development339.7K720.6K809.8K525.2K

Change Financial fundamental ratios Correlations

0.89-0.57-0.630.60.760.030.510.60.730.65-0.270.890.510.670.730.450.530.710.720.750.650.70.63-0.560.7
0.89-0.65-0.320.640.450.170.530.640.40.35-0.470.990.260.380.380.80.290.370.370.460.360.390.35-0.360.37
-0.57-0.650.4-0.99-0.3-0.16-0.49-0.99-0.28-0.270.03-0.63-0.23-0.46-0.25-0.51-0.34-0.4-0.24-0.32-0.27-0.3-0.460.56-0.33
-0.63-0.320.4-0.49-0.80.22-0.4-0.49-0.83-0.76-0.15-0.38-0.67-0.98-0.860.13-0.75-0.94-0.86-0.68-0.55-0.86-0.960.93-0.86
0.60.64-0.99-0.490.350.10.521.00.350.310.040.640.260.530.320.460.420.490.310.40.290.350.55-0.650.39
0.760.45-0.3-0.80.35-0.090.140.350.970.910.030.450.660.860.98-0.10.580.810.980.810.760.970.69-0.610.83
0.030.17-0.160.220.1-0.09-0.120.1-0.040.080.050.17-0.62-0.12-0.10.36-0.14-0.27-0.11-0.250.020.0-0.230.27-0.1
0.510.53-0.49-0.40.520.14-0.120.520.170.21-0.410.590.30.320.170.370.250.370.170.170.410.150.46-0.470.26
0.60.64-0.99-0.491.00.350.10.520.350.310.040.640.260.530.320.460.420.490.310.40.290.350.55-0.650.39
0.730.4-0.28-0.830.350.97-0.040.170.350.870.080.410.620.870.98-0.170.70.860.980.860.760.950.74-0.640.87
0.650.35-0.27-0.760.310.910.080.210.310.870.040.360.530.830.9-0.120.380.690.910.550.820.960.62-0.560.74
-0.27-0.470.03-0.150.040.030.05-0.410.040.080.04-0.42-0.320.140.11-0.520.290.210.13-0.01-0.10.080.17-0.10.23
0.890.99-0.63-0.380.640.450.170.590.640.410.36-0.420.230.420.410.790.340.410.40.450.350.410.4-0.420.4
0.510.26-0.23-0.670.260.66-0.620.30.260.620.53-0.320.230.640.62-0.170.420.670.620.670.530.610.63-0.620.59
0.670.38-0.46-0.980.530.86-0.120.320.530.870.830.140.420.640.89-0.060.710.910.890.680.570.910.92-0.910.85
0.730.38-0.25-0.860.320.98-0.10.170.320.980.90.110.410.620.89-0.180.640.871.00.820.740.970.76-0.670.85
0.450.8-0.510.130.46-0.10.360.370.46-0.17-0.12-0.520.79-0.17-0.06-0.18-0.1-0.16-0.19-0.1-0.16-0.11-0.07-0.03-0.13
0.530.29-0.34-0.750.420.58-0.140.250.420.70.380.290.340.420.710.64-0.10.850.630.70.360.570.8-0.690.86
0.710.37-0.4-0.940.490.81-0.270.370.490.860.690.210.410.670.910.87-0.160.850.860.820.60.810.96-0.860.94
0.720.37-0.24-0.860.310.98-0.110.170.310.980.910.130.40.620.891.0-0.190.630.860.80.750.970.75-0.660.86
0.750.46-0.32-0.680.40.81-0.250.170.40.860.55-0.010.450.670.680.82-0.10.70.820.80.580.70.68-0.580.74
0.650.36-0.27-0.550.290.760.020.410.290.760.82-0.10.350.530.570.74-0.160.360.60.750.580.730.48-0.320.69
0.70.39-0.3-0.860.350.970.00.150.350.950.960.080.410.610.910.97-0.110.570.810.970.70.730.74-0.670.84
0.630.35-0.46-0.960.550.69-0.230.460.550.740.620.170.40.630.920.76-0.070.80.960.750.680.480.74-0.950.86
-0.56-0.360.560.93-0.65-0.610.27-0.47-0.65-0.64-0.56-0.1-0.42-0.62-0.91-0.67-0.03-0.69-0.86-0.66-0.58-0.32-0.67-0.95-0.7
0.70.37-0.33-0.860.390.83-0.10.260.390.870.740.230.40.590.850.85-0.130.860.940.860.740.690.840.86-0.7
Click cells to compare fundamentals

Change Financial Account Relationship Matchups

Change Financial fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets3.6M12.7M10.3M15.3M12.9M7.7M
Total Stockholder Equity2.3M7.0M3.3M8.4M5.9M4.8M
Net Debt(2.6M)(3.5M)(207.6K)(5.2M)(2.4M)(2.6M)
Retained Earnings(36.7M)(40.2M)(44.0M)(46.9M)(49.4M)(47.0M)
Cash3.0M4.0M1.5M5.4M2.6M2.7M
Non Current Assets Total189.5K6.0M6.4M7.0M7.5M7.9M
Cash And Short Term Investments3.0M4.0M1.5M5.4M2.6M2.7M
Net Receivables393.9K2.4M1.8M2.1M2.1M2.2M
Liabilities And Stockholders Equity3.6M12.7M10.3M15.3M12.9M7.7M
Other Current Assets8.1K226.5K373.3K848.8K749.6K787.0K
Total Current Assets3.4M6.7M3.9M8.3M5.4M4.9M
Accumulated Other Comprehensive Income4.3M4.7M4.8M4.8M4.8M4.2M
Common Stock29.6M34.8M42.5M50.5M58.1M61.0M
Total Current Liabilities1.1M5.4M5.8M5.8M6.0M6.3M
Net Tangible Assets2.3M1.5M(2.6M)2.1M1.9M2.0M
Accounts Payable420.8K573.3K627.1K525.0K581.6K349.6K
Total Liab1.2M5.7M7.0M6.9M7.1M7.4M
Property Plant Equipment0.0461.0K318.8K209.1K240.4K136.9K
Other Current Liab364.9K1.8M2.0M5.1M2.6M1.5M
Common Stock Shares Outstanding130.4M366.9M396.7M535.7M627.7M659.0M
Inventory(2.5K)141.7K267.7K414.7K(665.2K)(631.9K)
Net Invested Capital3.4M7.0M4.4M8.4M5.9M4.8M
Net Working Capital3.4M1.3M(1.9M)2.6M(598.3K)(568.3K)
Short Term Debt153.3K297.4K95.5K72.2K104.2K177.3K
Short Long Term Debt Total332.7K561.8K1.3M136.3K156.9K149.1K
Current Deferred Revenue111.2K2.7M3.1M3.3M2.7M2.2M

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
Explore Investing Ideas  

Additional Tools for Change Stock Analysis

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