HYZON Interest Expense vs Income Before Tax Analysis

HYZNW Stock  USD 0.02  0.0001  0.56%   
HYZON Motors financial indicator trend analysis is much more than just examining HYZON Motors latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether HYZON Motors is a good investment. Please check the relationship between HYZON Motors Interest Expense and its Income Before Tax accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in HYZON Motors. 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.
For more information on how to buy HYZON Stock please use our How to Invest in HYZON Motors guide.

Interest Expense vs Income Before Tax

Interest Expense vs Income Before Tax Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of HYZON Motors Interest Expense account and Income Before Tax. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between HYZON Motors' Interest Expense and Income Before Tax is -0.58. Overlapping area represents the amount of variation of Interest Expense that can explain the historical movement of Income Before Tax in the same time period over historical financial statements of HYZON Motors, assuming nothing else is changed. The correlation between historical values of HYZON Motors' Interest Expense 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 Expense of HYZON Motors 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 Expense i.e., HYZON Motors' Interest Expense and Income Before Tax go up and down completely randomly.

Correlation Coefficient

-0.58
Relationship DirectionNegative 
Relationship StrengthVery Weak

Interest Expense

The cost incurred by an entity for borrowed funds, including loans, bonds, or lines of credit.

Income Before Tax

Income Before Tax which can also be referred as pre-tax income is reported on HYZON Motors income statement and is an important metric when analyzing HYZON Motors 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 HYZON Motors' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into HYZON Motors 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 HYZON Motors. 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.
For more information on how to buy HYZON Stock please use our How to Invest in HYZON Motors guide.Selling General Administrative is likely to drop to about 90.3 M in 2024. Tax Provision is likely to climb to about (467.4 K) in 2024
 2021 2022 2023 2024 (projected)
Interest Expense5.2M2.3M2.7M2.8M
Depreciation And Amortization236.6K3.7M4.0M2.2M

HYZON Motors fundamental ratios Correlations

0.970.690.861.0-0.87-0.450.880.880.810.990.830.940.971.00.780.29-0.310.92-0.310.840.84-0.310.8-0.310.28
0.970.820.960.97-0.78-0.620.80.950.880.940.930.990.930.960.890.37-0.420.98-0.420.850.81-0.420.85-0.420.46
0.690.820.920.7-0.4-0.920.450.880.830.610.870.860.630.650.930.3-0.790.9-0.790.690.52-0.790.8-0.790.78
0.860.960.920.87-0.59-0.730.620.980.930.80.940.980.80.830.980.34-0.50.98-0.50.770.76-0.50.89-0.50.61
1.00.970.70.87-0.83-0.440.840.90.850.980.830.930.950.990.80.29-0.30.93-0.30.80.88-0.30.84-0.30.25
-0.87-0.78-0.4-0.59-0.830.3-1.0-0.56-0.42-0.91-0.6-0.75-0.95-0.89-0.44-0.230.2-0.650.2-0.9-0.540.2-0.40.2-0.2
-0.45-0.62-0.92-0.73-0.440.3-0.34-0.63-0.54-0.39-0.72-0.69-0.46-0.42-0.73-0.260.91-0.690.91-0.66-0.150.91-0.50.91-0.94
0.880.80.450.620.84-1.0-0.340.580.450.920.620.770.960.910.470.24-0.260.68-0.260.920.55-0.260.43-0.260.23
0.880.950.880.980.9-0.56-0.630.580.980.810.910.950.780.850.980.3-0.420.99-0.420.680.86-0.420.95-0.420.47
0.810.880.830.930.85-0.42-0.540.450.980.740.850.870.680.780.950.29-0.350.94-0.350.520.89-0.350.99-0.350.35
0.990.940.610.80.98-0.91-0.390.920.810.740.770.890.981.00.690.28-0.270.87-0.270.850.81-0.270.73-0.270.21
0.830.930.870.940.83-0.6-0.720.620.910.850.770.930.780.80.910.62-0.510.91-0.510.750.68-0.510.8-0.510.59
0.940.990.860.980.93-0.75-0.690.770.950.870.890.930.910.920.920.32-0.470.98-0.470.870.76-0.470.83-0.470.57
0.970.930.630.80.95-0.95-0.460.960.780.680.980.780.910.980.680.28-0.330.85-0.330.930.72-0.330.65-0.330.32
1.00.960.650.830.99-0.89-0.420.910.850.781.00.80.920.980.740.28-0.290.89-0.290.850.83-0.290.77-0.290.24
0.780.890.930.980.8-0.44-0.730.470.980.950.690.910.920.680.740.31-0.490.95-0.490.650.75-0.490.91-0.490.62
0.290.370.30.340.29-0.23-0.260.240.30.290.280.620.320.280.280.31-0.190.28-0.190.240.2-0.190.24-0.190.16
-0.31-0.42-0.79-0.5-0.30.20.91-0.26-0.42-0.35-0.27-0.51-0.47-0.33-0.29-0.49-0.19-0.511.0-0.530.041.0-0.351.0-0.8
0.920.980.90.980.93-0.65-0.690.680.990.940.870.910.980.850.890.950.28-0.51-0.510.780.81-0.510.92-0.510.52
-0.31-0.42-0.79-0.5-0.30.20.91-0.26-0.42-0.35-0.27-0.51-0.47-0.33-0.29-0.49-0.191.0-0.51-0.530.041.0-0.351.0-0.8
0.840.850.690.770.8-0.9-0.660.920.680.520.850.750.870.930.850.650.24-0.530.78-0.530.45-0.530.48-0.530.6
0.840.810.520.760.88-0.54-0.150.550.860.890.810.680.760.720.830.750.20.040.810.040.450.040.90.04-0.04
-0.31-0.42-0.79-0.5-0.30.20.91-0.26-0.42-0.35-0.27-0.51-0.47-0.33-0.29-0.49-0.191.0-0.511.0-0.530.04-0.351.0-0.8
0.80.850.80.890.84-0.4-0.50.430.950.990.730.80.830.650.770.910.24-0.350.92-0.350.480.9-0.35-0.350.29
-0.31-0.42-0.79-0.5-0.30.20.91-0.26-0.42-0.35-0.27-0.51-0.47-0.33-0.29-0.49-0.191.0-0.511.0-0.530.041.0-0.35-0.8
0.280.460.780.610.25-0.2-0.940.230.470.350.210.590.570.320.240.620.16-0.80.52-0.80.6-0.04-0.80.29-0.8
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HYZON Motors Account Relationship Matchups

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