GLEN Stock | | | 354.60 0.75 0.21% |
Glencore PLC financial indicator trend analysis is much more than just examining Glencore PLC latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Glencore PLC is a good investment. Please check the relationship between Glencore PLC Depreciation And Amortization and its Net Interest Income accounts. Check out
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Glencore 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 board of governors.
Depreciation And Amortization vs Net Interest Income
Depreciation And Amortization vs Net Interest Income Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Glencore PLC Depreciation And Amortization account and
Net Interest Income. At this time, the significance of the direction appears to have no relationship.
The correlation between Glencore PLC's Depreciation And Amortization and Net Interest Income is 0.03. Overlapping area represents the amount of variation of Depreciation And Amortization that can explain the historical movement of Net Interest Income in the same time period over historical financial statements of Glencore PLC, assuming nothing else is changed. The correlation between historical values of Glencore PLC's Depreciation And Amortization and Net Interest Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Depreciation And Amortization of Glencore PLC are associated (or correlated) with its Net Interest Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Interest Income has no effect on the direction of Depreciation And Amortization i.e., Glencore PLC's Depreciation And Amortization and Net Interest Income go up and down completely randomly.
Correlation Coefficient | 0.03 |
Relationship Direction | Positive |
Relationship Strength | Insignificant |
Depreciation And Amortization
The systematic reduction in the recorded value of an intangible asset. This includes the allocation of the cost of tangible assets to periods in which the assets are used, representing the expense related to the wear and tear, deterioration, or obsolescence of physical assets and intangible assets over their useful lives.
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.
Most indicators from Glencore PLC's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Glencore 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 Glencore 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 board of governors.
Discontinued Operations is likely to gain to about 2.6
B in 2024, whereas
Selling General Administrative is likely to drop slightly above 19.9
M in 2024.
| 2021 | 2022 | 2023 | 2024 (projected) |
Interest Expense | 1.3B | 1.8B | 2.5B | 1.7B | Depreciation And Amortization | 6.3B | 7.0B | 6.6B | 4.9B |
Glencore PLC fundamental ratios Correlations
Click cells to compare fundamentals
Glencore PLC Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Glencore PLC fundamental ratios Accounts
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