Trainline Depreciation vs Other Non Cash Items Analysis
TRN Stock | 407.80 0.80 0.20% |
Trainline Plc financial indicator trend analysis is much more than just breaking down Trainline Plc prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Trainline Plc is a good investment. Please check the relationship between Trainline Plc Depreciation and its Other Non Cash Items accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Trainline 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.
Depreciation vs Other Non Cash Items
Depreciation vs Other Non Cash Items Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Trainline Plc Depreciation account and Other Non Cash Items. At this time, the significance of the direction appears to have very week relationship.
The correlation between Trainline Plc's Depreciation and Other Non Cash Items is 0.28. Overlapping area represents the amount of variation of Depreciation that can explain the historical movement of Other Non Cash Items in the same time period over historical financial statements of Trainline Plc, assuming nothing else is changed. The correlation between historical values of Trainline Plc's Depreciation and Other Non Cash Items 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 of Trainline Plc are associated (or correlated) with its Other Non Cash Items. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Non Cash Items has no effect on the direction of Depreciation i.e., Trainline Plc's Depreciation and Other Non Cash Items go up and down completely randomly.
Correlation Coefficient | 0.28 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Depreciation
Depreciation indicates how much of Trainline Plc value has been used up. For tax purposes Trainline Plc can deduct the cost of the tangible assets it purchases as business expenses. However, Trainline Plc must depreciate these assets in accordance with IRS rules about how and when the deduction may be taken, and how long it will last. The systematic allocation of the cost of a tangible asset over its useful life.Other Non Cash Items
Most indicators from Trainline Plc's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Trainline 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Trainline 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, Trainline Plc's Issuance Of Capital Stock is projected to increase significantly based on the last few years of reporting.
2021 | 2022 | 2023 | 2024 (projected) | Depreciation And Amortization | 42.6M | 41.2M | 41.7M | 44.8M | Interest Income | 36K | 730K | 2.7M | 2.9M |
Trainline Plc fundamental ratios Correlations
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Trainline Plc Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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Balance Sheet is a snapshot of the financial position of Trainline Plc at a specified time, usually calculated after every quarter, six months, or one year. Trainline Plc Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Trainline 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 Trainline currently owns. An asset can also be divided into two categories, current and non-current.