Regal Net Income vs Income Tax Expense Analysis

RRX Stock

USD 174.52 1.81 1.05%

Regal Beloit financial indicator trend analysis is much more than just breaking down Regal Beloit prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Regal Beloit is a good investment. Please check the relationship between Regal Beloit Net Income and its Income Tax Expense accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Regal Beloit. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

For more information on how to buy Regal Stock please use our How to Invest in Regal Beloit guide.

Net Income vs Income Tax Expense

Net Income vs Income Tax Expense Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Regal Beloit Net Income account and Income Tax Expense. At this time, the significance of the direction appears to have strong relationship.

The correlation between Regal Beloit's Net Income and Income Tax Expense is 0.79. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Income Tax Expense in the same time period over historical financial statements of Regal Beloit, assuming nothing else is changed. The correlation between historical values of Regal Beloit's Net Income 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 Net Income of Regal Beloit 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 Net Income i.e., Regal Beloit's Net Income and Income Tax Expense go up and down completely randomly.

Correlation Coefficient

0.79

Relationship Direction	Positive
Relationship Strength	Significant

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Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in Regal Beloit financial statement analysis. It represents the amount of money remaining after all of Regal Beloit operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

Income Tax Expense

Most indicators from Regal Beloit's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Regal Beloit 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in Regal Beloit. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

For more information on how to buy Regal Stock please use our How to Invest in Regal Beloit guide.Tax Provision is likely to rise to about 71.7 M in 2024. Enterprise Value Over EBITDA is likely to rise to 17.98 in 2024

	2021	2022	2023	2024 (projected)
Interest Expense	60.4M	87.2M	431M	452.6M
Depreciation And Amortization	202.5M	339.3M	492.8M	517.4M

Interest Expense Depreciation And Amortization

Regal Beloit fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Accounts Payable	Intangible Assets	Common Stock	Current Deferred Revenue	Good Will
Total Assets		0.93	0.97	0.94	0.95	0.26	0.9	0.7	0.73	1.0	-0.21	0.73	0.95	0.53	0.96	0.92	0.93	0.94	0.97	0.95	0.11	0.85	0.98	0.73	-0.61	0.99
Short Long Term Debt Total	0.93		0.9	0.84	0.78	-0.09	1.0	0.55	0.52	0.95	0.01	0.52	0.82	0.36	1.0	0.76	0.97	0.78	0.99	0.83	0.09	0.67	0.95	0.53	-0.5	0.94
Other Current Liab	0.97	0.9		0.88	0.93	0.22	0.87	0.6	0.74	0.97	-0.25	0.74	0.85	0.43	0.92	0.84	0.9	0.94	0.93	0.89	0.17	0.76	0.97	0.69	-0.78	0.98
Total Current Liabilities	0.94	0.84	0.88		0.93	0.35	0.8	0.83	0.82	0.92	-0.18	0.82	0.97	0.63	0.86	0.94	0.89	0.87	0.89	0.98	0.32	0.93	0.89	0.76	-0.5	0.91
Total Stockholder Equity	0.95	0.78	0.93	0.93		0.52	0.73	0.75	0.83	0.94	-0.4	0.83	0.95	0.62	0.82	0.95	0.8	0.98	0.85	0.96	0.11	0.9	0.92	0.82	-0.65	0.93
Property Plant And Equipment Net	0.26	-0.09	0.22	0.35	0.52		-0.16	0.51	0.54	0.22	-0.61	0.54	0.42	0.53	-0.02	0.51	-0.03	0.48	0.02	0.4	-0.02	0.58	0.18	0.58	-0.25	0.2
Net Debt	0.9	1.0	0.87	0.8	0.73	-0.16		0.49	0.44	0.92	0.06	0.44	0.78	0.31	0.99	0.72	0.95	0.73	0.98	0.78	0.05	0.62	0.92	0.47	-0.46	0.92
Retained Earnings	0.7	0.55	0.6	0.83	0.75	0.51	0.49		0.75	0.66	-0.29	0.75	0.82	0.68	0.57	0.85	0.63	0.62	0.61	0.83	0.33	0.87	0.6	0.62	-0.3	0.64
Cash	0.73	0.52	0.74	0.82	0.83	0.54	0.44	0.75		0.7	-0.38	1.0	0.77	0.6	0.56	0.79	0.59	0.78	0.6	0.84	0.44	0.78	0.65	0.75	-0.6	0.69
Non Current Assets Total	1.0	0.95	0.97	0.92	0.94	0.22	0.92	0.66	0.7		-0.19	0.7	0.92	0.49	0.97	0.89	0.94	0.94	0.98	0.93	0.09	0.82	0.99	0.71	-0.63	1.0
Non Currrent Assets Other	-0.21	0.01	-0.25	-0.18	-0.4	-0.61	0.06	-0.29	-0.38	-0.19		-0.38	-0.27	-0.51	-0.03	-0.41	0.09	-0.4	-0.05	-0.31	0.02	-0.2	-0.17	-0.41	0.32	-0.2
Cash And Short Term Investments	0.73	0.52	0.74	0.82	0.83	0.54	0.44	0.75	1.0	0.7	-0.38		0.77	0.6	0.56	0.79	0.59	0.78	0.6	0.84	0.44	0.78	0.65	0.75	-0.6	0.69
Net Receivables	0.95	0.82	0.85	0.97	0.95	0.42	0.78	0.82	0.77	0.92	-0.27	0.77		0.69	0.85	0.98	0.85	0.9	0.88	0.99	0.11	0.94	0.88	0.79	-0.42	0.91
Common Stock Shares Outstanding	0.53	0.36	0.43	0.63	0.62	0.53	0.31	0.68	0.6	0.49	-0.51	0.6	0.69		0.38	0.74	0.36	0.55	0.42	0.68	0.14	0.66	0.42	0.86	-0.09	0.47
Non Current Liabilities Total	0.96	1.0	0.92	0.86	0.82	-0.02	0.99	0.57	0.56	0.97	-0.03	0.56	0.85	0.38		0.8	0.97	0.82	1.0	0.86	0.07	0.71	0.97	0.57	-0.53	0.97
Inventory	0.92	0.76	0.84	0.94	0.95	0.51	0.72	0.85	0.79	0.89	-0.41	0.79	0.98	0.74	0.8		0.78	0.9	0.83	0.98	0.11	0.94	0.85	0.8	-0.44	0.88
Other Current Assets	0.93	0.97	0.9	0.89	0.8	-0.03	0.95	0.63	0.59	0.94	0.09	0.59	0.85	0.36	0.97	0.78		0.78	0.97	0.86	0.18	0.76	0.93	0.56	-0.53	0.93
Other Stockholder Equity	0.94	0.78	0.94	0.87	0.98	0.48	0.73	0.62	0.78	0.94	-0.4	0.78	0.9	0.55	0.82	0.9	0.78		0.84	0.91	0.03	0.84	0.93	0.81	-0.69	0.94
Total Liab	0.97	0.99	0.93	0.89	0.85	0.02	0.98	0.61	0.6	0.98	-0.05	0.6	0.88	0.42	1.0	0.83	0.97	0.84		0.88	0.1	0.75	0.97	0.6	-0.54	0.97
Total Current Assets	0.95	0.83	0.89	0.98	0.96	0.4	0.78	0.83	0.84	0.93	-0.31	0.84	0.99	0.68	0.86	0.98	0.86	0.91	0.88		0.2	0.92	0.89	0.79	-0.5	0.92
Short Term Debt	0.11	0.09	0.17	0.32	0.11	-0.02	0.05	0.33	0.44	0.09	0.02	0.44	0.11	0.14	0.07	0.11	0.18	0.03	0.1	0.2		0.14	0.05	0.11	-0.26	0.08
Accounts Payable	0.85	0.67	0.76	0.93	0.9	0.58	0.62	0.87	0.78	0.82	-0.2	0.78	0.94	0.66	0.71	0.94	0.76	0.84	0.75	0.92	0.14		0.78	0.77	-0.4	0.8
Intangible Assets	0.98	0.95	0.97	0.89	0.92	0.18	0.92	0.6	0.65	0.99	-0.17	0.65	0.88	0.42	0.97	0.85	0.93	0.93	0.97	0.89	0.05	0.78		0.67	-0.67	1.0
Common Stock	0.73	0.53	0.69	0.76	0.82	0.58	0.47	0.62	0.75	0.71	-0.41	0.75	0.79	0.86	0.57	0.8	0.56	0.81	0.6	0.79	0.11	0.77	0.67		-0.43	0.7
Current Deferred Revenue	-0.61	-0.5	-0.78	-0.5	-0.65	-0.25	-0.46	-0.3	-0.6	-0.63	0.32	-0.6	-0.42	-0.09	-0.53	-0.44	-0.53	-0.69	-0.54	-0.5	-0.26	-0.4	-0.67	-0.43		-0.65
Good Will	0.99	0.94	0.98	0.91	0.93	0.2	0.92	0.64	0.69	1.0	-0.2	0.69	0.91	0.47	0.97	0.88	0.93	0.94	0.97	0.92	0.08	0.8	1.0	0.7	-0.65

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Regal Beloit Account Relationship Matchups

Regal Beloit fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	4.4B	4.6B	10.3B	10.3B	15.4B	16.2B
Short Long Term Debt Total	1.1B	1.1B	1.9B	2.0B	6.6B	6.9B
Other Current Liab	3.4M	209.3M	419.4M	444.3M	698.7M	733.6M
Total Current Liabilities	560.5M	822M	1.1B	1.0B	1.3B	1.4B
Total Stockholder Equity	2.4B	2.5B	6.3B	6.4B	6.3B	6.7B
Property Plant And Equipment Net	2.8B	2.7B	7.6B	7.3B	1.2B	1.3B
Net Debt	806.1M	460.1M	1.2B	1.3B	6.0B	6.3B
Retained Earnings	1.9B	2.0B	1.9B	2.1B	2.0B	2.1B
Cash	331.4M	611.3M	672.8M	688.5M	574M	602.7M
Non Current Assets Total	2.8B	2.7B	7.6B	7.3B	12.0B	12.6B
Non Currrent Assets Other	20.1M	16.4M	33.8M	(6.3B)	157.5M	165.4M
Cash And Short Term Investments	331.4M	611.3M	672.8M	688.5M	574M	602.7M
Net Receivables	461.4M	432M	785.8M	797.4M	921.6M	967.7M
Common Stock Shares Outstanding	42.2M	40.8M	47.7M	67.1M	66.3M	34.7M
Liabilities And Stockholders Equity	4.4B	4.6B	10.3B	10.3B	15.4B	16.2B
Non Current Liabilities Total	1.5B	1.2B	2.8B	2.8B	7.7B	8.1B
Inventory	678.4M	690.3M	1.1B	1.3B	1.3B	1.3B
Other Current Assets	136.5M	226.3M	302.7M	177.7M	614.2M	644.9M
Other Stockholder Equity	701.8M	696.6M	4.7B	4.6B	4.6B	4.9B
Total Liab	2.1B	2.0B	3.9B	3.8B	9.1B	9.5B
Total Current Assets	1.6B	1.9B	2.7B	3.0B	3.4B	3.6B
Short Term Debt	600K	252.6M	32.1M	60.2M	78.3M	82.2M
Accounts Payable	337M	360.1M	643.8M	497.7M	549.4M	576.9M
Intangible Assets	567.2M	530.3M	2.4B	2.2B	4.1B	4.3B
Accumulated Other Comprehensive Income	(237.8M)	(163.3M)	(195.1M)	(352.1M)	(282.4M)	(268.3M)
Current Deferred Revenue	218.4M	212.9M	219.5M	23.2M	26.7M	25.3M
Good Will	1.5B	1.5B	4.0B	4.0B	6.6B	6.9B
Other Assets	78.5M	60.3M	69.5M	101.8M	117.1M	69.7M
Long Term Debt	1.1B	840.4M	1.9B	2.0B	6.4B	6.7B
Long Term Debt Total	1.1B	840.4M	1.9B	2.0B	2.3B	1.5B
Capital Surpluse	701.8M	696.6M	4.7B	4.6B	5.3B	5.6B
Cash And Equivalents	331.4M	611.3M	672.8M	688.5M	791.8M	467.8M
Property Plant Equipment	676M	628.9M	7.6B	7.3B	8.4B	8.8B
Other Liab	300.9M	293.1M	922.6M	766.3M	881.2M	524.3M
Net Tangible Assets	282.6M	551M	6.3B	227.6M	261.7M	248.7M
Net Invested Capital	3.5B	3.6B	8.2B	8.4B	12.7B	6.8B
Short Long Term Debt	600K	231M	4.9M	33.8M	3.9M	3.7M
Non Current Liabilities Other	48M	122.5M	922.6M	854.4M	77.2M	73.3M

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Regal Net Income vs Income Tax Expense Analysis

Net Income vs Income Tax Expense

Net Income vs Income Tax Expense Correlation Analysis

Correlation Coefficient

Net Income

Income Tax Expense

Regal Beloit fundamental ratios Correlations

Regal Beloit Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Regal Beloit fundamental ratios Accounts

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Non Current Assets Total	+ 1.0	Total Assets
Net Debt	+ 1.0	Short Long Term Debt Total
Non Current Liabilities Total	+ 1.0	Short Long Term Debt Total
Cash And Short Term Investments	+ 1.0	Cash
Good Will	+ 1.0	Non Current Assets Total
Total Liab	+ 1.0	Non Current Liabilities Total

Current Deferred Revenue	- 0.78	Other Current Liab
Current Deferred Revenue	- 0.69	Other Stockholder Equity
Current Deferred Revenue	- 0.67	Intangible Assets
Good Will	- 0.65	Current Deferred Revenue
Current Deferred Revenue	- 0.65	Total Stockholder Equity
Current Deferred Revenue	- 0.63	Non Current Assets Total