Centrica Extraordinary Items vs Income Tax Expense Analysis
CNA Stock | 126.25 0.25 0.20% |
Centrica PLC financial indicator trend analysis is way more than just evaluating Centrica PLC prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Centrica PLC is a good investment. Please check the relationship between Centrica PLC Extraordinary Items and its Income Tax Expense accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Centrica PLC. 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.
Extraordinary Items vs Income Tax Expense
Extraordinary Items vs Income Tax Expense Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Centrica PLC Extraordinary Items account and Income Tax Expense. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Centrica PLC's Extraordinary Items and Income Tax Expense is -0.12. Overlapping area represents the amount of variation of Extraordinary Items that can explain the historical movement of Income Tax Expense in the same time period over historical financial statements of Centrica PLC, assuming nothing else is changed. The correlation between historical values of Centrica PLC's Extraordinary Items 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 Extraordinary Items of Centrica PLC 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 Extraordinary Items i.e., Centrica PLC's Extraordinary Items and Income Tax Expense go up and down completely randomly.
Correlation Coefficient | -0.12 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Extraordinary Items
Income Tax Expense
Most indicators from Centrica PLC's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Centrica PLC 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 Centrica PLC. 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. At present, Centrica PLC's Discontinued Operations is projected to increase significantly based on the last few years of reporting. The current year's Issuance Of Capital Stock is expected to grow to about 6.3 M, whereas Selling General Administrative is forecasted to decline to about 1.3 B.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 197M | 221M | 306M | 213.1M | Depreciation And Amortization | 799M | 669M | 518M | 1.0B |
Centrica PLC fundamental ratios Correlations
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Centrica PLC Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Centrica PLC fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 18.2B | 17.1B | 27.1B | 29.0B | 21.4B | 17.0B | |
Short Long Term Debt Total | 5.3B | 5.3B | 4.6B | 4.0B | 4.1B | 3.8B | |
Other Current Liab | 7.0B | 6.2B | 15.9B | 19.7B | 9.4B | 5.9B | |
Total Current Liabilities | 8.9B | 7.7B | 18.0B | 21.7B | 11.1B | 7.5B | |
Total Stockholder Equity | 1.2B | 957M | 2.4B | 1.0B | 3.9B | 3.0B | |
Property Plant And Equipment Net | 3.1B | 2.6B | 2.0B | 1.7B | 1.8B | 1.8B | |
Net Debt | 3.9B | 3.5B | (485M) | (880M) | (2.4B) | (2.3B) | |
Retained Earnings | (869M) | (337M) | 377M | (466M) | 3.7B | 3.9B | |
Accounts Payable | 571M | 440M | 542M | 481M | 474M | 450.3M | |
Cash | 1.3B | 1.8B | 5.1B | 4.8B | 6.4B | 6.8B | |
Non Current Assets Total | 8.5B | 6.7B | 4.8B | 4.9B | 5.3B | 8.6B | |
Non Currrent Assets Other | (553M) | (824M) | (823M) | (1.7B) | 64M | 60.8M | |
Cash And Short Term Investments | 1.5B | 1.8B | 5.1B | 4.8B | 6.8B | 7.2B | |
Common Stock Total Equity | 348M | 354M | 360M | 361M | 415.2M | 308.9M | |
Common Stock Shares Outstanding | 5.8B | 5.9B | 5.9B | 5.9B | 5.7B | 5.4B | |
Short Term Investments | 124M | (511M) | (1.2B) | (1.9B) | 405M | 425.3M | |
Liabilities And Stockholders Equity | 18.2B | 17.1B | 27.1B | 29.0B | 21.4B | 17.0B | |
Non Current Liabilities Total | 4.1B | 8.1B | 3.2B | 2.8B | 6.0B | 5.9B | |
Inventory | 431M | 324M | 644M | 1.3B | 1.1B | 1.1B | |
Other Current Assets | 2.5B | 6.2B | 9.8B | 8.8B | 3.6B | 4.1B | |
Other Stockholder Equity | 1.7B | 2.8B | 2.4B | 2.3B | 1.3B | 1.2B | |
Total Liab | 16.4B | 15.7B | 24.3B | 27.8B | 17.1B | 13.9B | |
Property Plant And Equipment Gross | 3.3B | 2.6B | 12.5B | 12.8B | 13.2B | 6.7B | |
Total Current Assets | 8.3B | 10.4B | 19.9B | 20.7B | 16.1B | 8.1B | |
Accumulated Other Comprehensive Income | (1.1B) | (1.4B) | (1.2B) | (1.5B) | (1.5B) | (1.6B) | |
Short Term Debt | 774M | 787M | 1.2B | 1.0B | 1.0B | 587.6M | |
Common Stock | 360M | 361M | 363M | 365M | 419.8M | 318.8M | |
Intangible Assets | 1.5B | 1.8B | 760M | 707M | 340M | 323M | |
Other Liab | 3.0B | 3.5B | 2.9B | 3.0B | 3.5B | 2.7B | |
Other Assets | 1.4B | 1.3B | 2.4B | 3.5B | 4.0B | 4.2B | |
Long Term Debt | 4.1B | 4.3B | 3.2B | 2.8B | 2.8B | 3.6B | |
Net Receivables | 3.9B | 2.9B | 6.0B | 8.5B | 4.5B | 3.9B | |
Good Will | 2.6B | 929M | 401M | 409M | 405M | 384.8M | |
Property Plant Equipment | 3.1B | 2.6B | 2.0B | 1.7B | 2.0B | 1.9B | |
Current Deferred Revenue | 519M | 425M | 381M | 1.1B | 1.5B | 1.6B | |
Treasury Stock | (142M) | (107M) | (37M) | (31M) | (27.9M) | (29.3M) | |
Net Tangible Assets | (2.8B) | (983M) | 1.2B | (99M) | (113.9M) | (119.5M) | |
Short Long Term Debt | 691M | 616M | 1.1B | 921M | 904M | 924.7M | |
Capital Surpluse | 2.3B | 2.3B | 2.4B | 2.4B | 2.8B | 2.5B |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Centrica Stock
Balance Sheet is a snapshot of the financial position of Centrica PLC at a specified time, usually calculated after every quarter, six months, or one year. Centrica PLC Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Centrica PLC 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 Centrica currently owns. An asset can also be divided into two categories, current and non-current.