GBG Net Interest Income vs Tax Provision Analysis

GBG Stock   345.20  0.80  0.23%   
GB Group financial indicator trend analysis is much more than just examining GB Group plc latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether GB Group plc is a good investment. Please check the relationship between GB Group Net Interest Income and its Tax Provision accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in GB Group 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.

Net Interest Income vs Tax Provision

Net Interest Income vs Tax Provision Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of GB Group plc Net Interest Income account and Tax Provision. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between GB Group's Net Interest Income and Tax Provision is -0.11. Overlapping area represents the amount of variation of Net Interest Income that can explain the historical movement of Tax Provision in the same time period over historical financial statements of GB Group plc, assuming nothing else is changed. The correlation between historical values of GB Group's Net Interest Income 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 Net Interest Income of GB Group plc 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 Net Interest Income i.e., GB Group's Net Interest Income and Tax Provision go up and down completely randomly.

Correlation Coefficient

-0.11
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.

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 GB Group's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into GB Group 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in GB Group 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.
The current year's Selling General Administrative is expected to grow to about 93.8 M, whereas Tax Provision is forecasted to decline to about 1.1 M.
 2021 2022 2023 2024 (projected)
Interest Expense1.8M7.0M9.3M9.8M
Depreciation And Amortization28.1M46.1M42.1M44.2M

GB Group fundamental ratios Correlations

0.951.00.60.920.440.920.581.0-0.130.580.910.96-0.270.990.830.910.950.790.660.820.99-0.080.680.781.0
0.950.940.750.780.60.910.750.93-0.170.750.940.87-0.120.950.790.990.840.910.780.920.920.020.720.790.93
1.00.940.580.910.420.920.561.0-0.10.560.910.95-0.270.980.840.90.930.780.640.820.99-0.080.670.761.0
0.60.750.580.410.780.550.880.58-0.450.880.60.56-0.020.650.310.770.490.770.920.650.490.110.550.80.56
0.920.780.910.410.20.860.40.93-0.170.40.760.98-0.380.940.770.750.990.590.50.670.93-0.20.590.730.93
0.440.60.420.780.20.340.610.42-0.230.610.370.37-0.030.470.050.590.260.750.770.490.320.060.430.490.4
0.920.910.920.550.860.340.570.91-0.260.570.940.89-0.250.920.90.920.90.80.620.890.94-0.10.580.80.92
0.580.750.560.880.40.610.570.55-0.231.00.670.540.250.640.40.790.50.750.760.740.50.250.530.660.54
1.00.931.00.580.930.420.910.55-0.120.550.90.97-0.290.980.820.890.950.770.640.80.99-0.10.670.771.0
-0.13-0.17-0.1-0.45-0.17-0.23-0.26-0.23-0.12-0.23-0.13-0.190.45-0.19-0.11-0.23-0.19-0.22-0.49-0.15-0.10.53-0.06-0.65-0.11
0.580.750.560.880.40.610.571.00.55-0.230.670.540.250.640.40.790.50.750.760.740.50.250.530.660.54
0.910.940.910.60.760.370.940.670.9-0.130.670.82-0.070.890.890.940.820.830.670.950.920.00.550.720.9
0.960.870.950.560.980.370.890.540.97-0.190.540.82-0.320.980.740.840.990.710.640.750.94-0.140.630.790.96
-0.27-0.12-0.27-0.02-0.38-0.03-0.250.25-0.290.450.25-0.07-0.32-0.26-0.21-0.09-0.330.0-0.18-0.02-0.30.66-0.1-0.32-0.29
0.990.950.980.650.940.470.920.640.98-0.190.640.890.98-0.260.780.920.970.80.710.830.96-0.080.680.820.98
0.830.790.840.310.770.050.90.40.82-0.110.40.890.74-0.210.780.790.790.580.360.780.9-0.050.570.630.84
0.910.990.90.770.750.590.920.790.89-0.230.790.940.84-0.090.920.790.820.910.790.940.890.050.710.820.89
0.950.840.930.490.990.260.90.50.95-0.190.50.820.99-0.330.970.790.820.650.580.740.94-0.150.610.780.95
0.790.910.780.770.590.750.80.750.77-0.220.750.830.710.00.80.580.910.650.80.870.73-0.030.50.690.76
0.660.780.640.920.50.770.620.760.64-0.490.760.670.64-0.180.710.360.790.580.80.760.57-0.090.450.790.62
0.820.920.820.650.670.490.890.740.8-0.150.740.950.75-0.020.830.780.940.740.870.760.810.050.490.680.8
0.990.920.990.490.930.320.940.50.99-0.10.50.920.94-0.30.960.90.890.940.730.570.81-0.090.660.740.99
-0.080.02-0.080.11-0.20.06-0.10.25-0.10.530.250.0-0.140.66-0.08-0.050.05-0.15-0.03-0.090.05-0.090.18-0.12-0.1
0.680.720.670.550.590.430.580.530.67-0.060.530.550.63-0.10.680.570.710.610.50.450.490.660.180.60.67
0.780.790.760.80.730.490.80.660.77-0.650.660.720.79-0.320.820.630.820.780.690.790.680.74-0.120.60.76
1.00.931.00.560.930.40.920.541.0-0.110.540.90.96-0.290.980.840.890.950.760.620.80.99-0.10.670.76
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GB Group Account Relationship Matchups

GB Group fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets526.2M480.2M1.1B955.1M852.9M895.5M
Total Current Liabilities86.5M90M115.8M96.8M98.9M103.8M
Total Stockholder Equity344.9M364.3M787.1M694.1M625.1M656.4M
Property Plant And Equipment Net9.4M6.9M7.3M5.2M3.2M2.6M
Net Debt40.4M(17.2M)109.3M106.6M81.5M85.6M
Retained Earnings74.5M98.4M112.6M(15.2M)27.2M28.5M
Accounts Payable10.4M6.3M10.6M11.4M13.6M14.2M
Cash27.5M21.1M22.3M21.6M21.3M10.8M
Non Current Assets Total430.2M394.6M1.0B864.6M754.5M792.2M
Non Currrent Assets Other(303.3M)2.3M2.3M701K493K517.7K
Cash And Short Term Investments27.5M21.1M22.3M21.6M21.3M10.8M
Common Stock Shares Outstanding196.8M198.5M220.5M252.2M252.6M265.2M
Liabilities And Stockholders Equity526.2M480.2M1.1B955.1M852.9M895.5M
Non Current Liabilities Total94.8M26.0M199.2M164.2M128.9M135.3M
Other Current Assets7.9M8.2M10.5M10.8M9.4M8.6M
Total Liab181.3M116.0M315.0M261.0M227.8M239.2M
Property Plant And Equipment Gross9.4M6.9M7.3M18.6M21.4M22.5M
Total Current Assets96.0M85.7M101.0M90.6M98.4M103.3M
Short Long Term Debt Total67.9M3.9M131.6M128.2M102.8M108.0M
Other Current Liab31.1M34.2M40.1M23.1M30.1M31.6M
Short Term Debt2.0M1.7M1.8M1.2M836K1.2M
Common Stock Total Equity3.8M4.8M4.9M4.9M5.6M5.9M
Other Stockholder Equity261.6M234.4M566.8M566.5M567.5M595.8M
Common Stock4.9M4.9M6.3M6.3M6.3M7.8M
Inventory128K123K1.2M2.6M1.3M1.4M
Accumulated Other Comprehensive Income4.0M(16.6M)1.4M36.5M24.2M25.4M
Intangible Assets414.5M91.3M255.9M224.8M181.1M190.1M
Good Will303.3M286.4M713.6M626.4M561.6M589.7M
Net Receivables60.5M56.2M67.0M55.6M66.3M43.9M
Other Liab29.0M23.7M69.4M37.3M42.9M23.4M
Net Tangible Assets(69.6M)(13.4M)(182.4M)(157.1M)(141.4M)(134.3M)
Other Assets6.3M7.7M21.9M5.1M5.9M7.2M
Property Plant Equipment9.4M6.9M7.3M5.2M6.0M5.3M
Current Deferred Revenue37.6M78.3M97.5M82.9M53.0M48.1M
Long Term Debt62.1M0.0128.2M126.4M145.4M152.6M
Net Invested Capital407.1M364.3M915.4M820.6M943.6M565.1M
Net Working Capital9.5M(4.3M)(14.8M)(6.2M)(5.6M)(5.3M)

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Other Information on Investing in GBG Stock

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