Equitable Historical Income Statement

EQB Stock

CAD 89.00 0.59 0.67%

Historical analysis of Equitable income statement accounts such as Total Revenue of 944.5 M or Gross Profit of 944.5 M can show how well Equitable Group performed in making a profits. Evaluating Equitable income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Equitable's future profits or losses.

Cash Flow Balance Sheet Income Statement

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Financial Statement Analysis is much more than just reviewing and examining Equitable Group latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Equitable Group is a good buy for the upcoming year.

Net Income Gross Profit

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Equitable Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.

About Equitable Income Statement Analysis

Equitable Group Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Equitable shareholders. The income statement also shows Equitable investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).

Equitable Income Statement Chart

Equitable Group Income Statement is one of the three primary financial statements used for reporting Equitable's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Equitable Group revenue and expense. Equitable Income Statement primarily focuses on the company's revenues and expenses during a particular period.

At this time, Equitable's Income Before Tax is very stable compared to the past year. As of the 25th of April 2024, Net Income is likely to grow to about 326.2 M, while Net Income From Continuing Ops is likely to drop about 196.2 M.

Total Revenue Gross Profit Ebitda Income Before Tax

Total Revenue

Total revenue comprises all receipts Equitable Group generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

Gross Profit

Gross profit is a required income statement account that reflects total revenue of Equitable Group minus its cost of goods sold. It is profit before Equitable operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.

Income Before Tax

Income Before Tax which can also be referred as pre-tax income is reported on Equitable income statement and is an important metric when analyzing Equitable Group 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 accounts from Equitable's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Equitable Group current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Equitable Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.

	2021	2022	2023	2024 (projected)
Interest Expense	524.7M	880.6M	1.0B	1.1B
Depreciation And Amortization	32.7M	46.9M	53.9M	56.6M

Interest Expense Depreciation And Amortization

Equitable income statement Correlations

	Depreciation And Amortization	Interest Expense	Total Revenue	Gross Profit	Ebit	Ebitda	Income Before Tax	Net Income	Income Tax Expense	Selling General Administrative	Other Operating Expenses	Operating Income	Net Income From Continuing Ops	Total Operating Expenses	Tax Provision	Net Interest Income	Interest Income	Selling And Marketing Expenses	Reconciled Depreciation
Depreciation And Amortization		0.94	0.98	0.98	0.95	0.96	0.94	0.93	0.95	0.99	1.0	0.97	0.85	0.74	0.9	0.9	0.88	0.85	0.99
Interest Expense	0.94		0.97	0.97	0.99	0.99	0.93	0.92	0.94	0.97	0.96	0.94	0.79	0.75	0.83	0.84	0.86	0.87	0.91
Total Revenue	0.98	0.97		1.0	0.99	0.99	0.98	0.98	0.99	0.99	0.98	0.96	0.88	0.81	0.9	0.89	0.88	0.9	0.94
Gross Profit	0.98	0.97	1.0		0.99	0.99	0.98	0.98	0.99	0.99	0.98	0.96	0.88	0.81	0.9	0.89	0.88	0.9	0.94
Ebit	0.95	0.99	0.99	0.99		1.0	0.97	0.96	0.97	0.98	0.97	0.95	0.84	0.79	0.87	0.86	0.87	0.89	0.92
Ebitda	0.96	0.99	0.99	0.99	1.0		0.97	0.96	0.97	0.99	0.97	0.95	0.84	0.79	0.87	0.86	0.87	0.89	0.92
Income Before Tax	0.94	0.93	0.98	0.98	0.97	0.97		1.0	1.0	0.96	0.93	0.92	0.91	0.85	0.91	0.86	0.84	0.9	0.88
Net Income	0.93	0.92	0.98	0.98	0.96	0.96	1.0		1.0	0.95	0.93	0.92	0.91	0.85	0.9	0.86	0.84	0.9	0.88
Income Tax Expense	0.95	0.94	0.99	0.99	0.97	0.97	1.0	1.0		0.97	0.95	0.93	0.91	0.84	0.91	0.87	0.85	0.91	0.9
Selling General Administrative	0.99	0.97	0.99	0.99	0.98	0.99	0.96	0.95	0.97		1.0	0.96	0.86	0.77	0.89	0.88	0.88	0.87	0.96
Other Operating Expenses	1.0	0.96	0.98	0.98	0.97	0.97	0.93	0.93	0.95	1.0		0.96	0.84	0.75	0.88	0.89	0.88	0.86	0.98
Operating Income	0.97	0.94	0.96	0.96	0.95	0.95	0.92	0.92	0.93	0.96	0.96		0.86	0.79	0.9	0.9	0.89	0.88	0.95
Net Income From Continuing Ops	0.85	0.79	0.88	0.88	0.84	0.84	0.91	0.91	0.91	0.86	0.84	0.86		0.95	0.99	0.95	0.93	0.87	0.8
Total Operating Expenses	0.74	0.75	0.81	0.81	0.79	0.79	0.85	0.85	0.84	0.77	0.75	0.79	0.95		0.92	0.88	0.89	0.88	0.65
Tax Provision	0.9	0.83	0.9	0.9	0.87	0.87	0.91	0.9	0.91	0.89	0.88	0.9	0.99	0.92		0.98	0.96	0.87	0.86
Net Interest Income	0.9	0.84	0.89	0.89	0.86	0.86	0.86	0.86	0.87	0.88	0.89	0.9	0.95	0.88	0.98		0.99	0.83	0.87
Interest Income	0.88	0.86	0.88	0.88	0.87	0.87	0.84	0.84	0.85	0.88	0.88	0.89	0.93	0.89	0.96	0.99		0.84	0.85
Selling And Marketing Expenses	0.85	0.87	0.9	0.9	0.89	0.89	0.9	0.9	0.91	0.87	0.86	0.88	0.87	0.88	0.87	0.83	0.84		0.78
Reconciled Depreciation	0.99	0.91	0.94	0.94	0.92	0.92	0.88	0.88	0.9	0.96	0.98	0.95	0.8	0.65	0.86	0.87	0.85	0.78

Click cells to compare fundamentals

Equitable Account Relationship Matchups

High Positive Relationship

Other Operating Expenses	+ 1.0	Depreciation And Amortization
Gross Profit	+ 1.0	Total Revenue
Ebitda	+ 1.0	Ebit
Net Income	+ 1.0	Income Before Tax
Income Tax Expense	+ 1.0	Income Before Tax
Income Tax Expense	+ 1.0	Net Income

High Negative Relationship

Not Found

Equitable income statement Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Depreciation And Amortization	17.0M	22.9M	32.7M	46.9M	53.9M	56.6M
Interest Expense	654.2M	624.3M	524.7M	880.6M	1.0B	1.1B
Total Revenue	497.1M	556.8M	642.9M	782.2M	899.5M	944.5M
Gross Profit	497.1M	556.8M	642.9M	782.2M	899.5M	944.5M
Ebit	933.3M	924.8M	915.1M	1.2B	1.4B	1.5B
Ebitda	950.3M	947.7M	947.8M	1.3B	1.5B	1.6B
Income Before Tax	279.1M	300.5M	390.4M	368.5M	423.7M	444.9M
Net Income	206.5M	223.8M	292.5M	270.2M	310.7M	326.2M
Income Tax Expense	72.6M	76.7M	97.9M	98.3M	113.0M	118.7M
Selling General Administrative	101.7M	108.2M	129.0M	183.6M	211.1M	221.7M
Other Operating Expenses	89.0M	95.0M	115.5M	177.7M	204.4M	214.6M
Operating Income	933.3M	924.8M	915.1M	1.2B	1.4B	1.5B
Net Income From Continuing Ops	206.5M	223.8M	292.5M	270.2M	310.7M	196.2M
Total Other Income Expense Net	(654.2M)	(624.3M)	(524.7M)	(880.6M)	(792.5M)	(752.9M)
Net Income Applicable To Common Shares	201.8M	219.3M	288.1M	264.6M	304.3M	191.1M
Tax Provision	72.6M	76.7M	97.9M	98.3M	113.0M	76.0M
Net Interest Income	462.6M	497.4M	582.6M	735.6M	846.0M	475.3M
Interest Income	1.1B	1.1B	1.1B	1.6B	1.9B	1.1B
Reconciled Depreciation	17.0M	22.9M	32.7M	46.9M	53.9M	56.6M

Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Equitable in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Equitable's short interest history, or implied volatility extrapolated from Equitable options trading.

Pair Trading with Equitable

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Equitable position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Equitable will appreciate offsetting losses from the drop in the long position's value.

Moving against Equitable Stock

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The ability to find closely correlated positions to Equitable could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Equitable when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Equitable - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Equitable Group to buy it.

The correlation of Equitable is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Equitable moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Equitable Group moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Equitable can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

Note that the Equitable Group information on this page should be used as a complementary analysis to other Equitable's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.

Complementary Tools for Equitable Stock analysis

When running Equitable's price analysis, check to measure Equitable's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Equitable is operating at the current time. Most of Equitable's value examination focuses on studying past and present price action to predict the probability of Equitable's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Equitable's price. Additionally, you may evaluate how the addition of Equitable to your portfolios can decrease your overall portfolio volatility.

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Please note, there is a significant difference between Equitable's value and its price as these two are different measures arrived at by different means. Investors typically determine if Equitable is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Equitable's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Equitable Historical Income Statement

About Equitable Income Statement Analysis

Equitable Income Statement Chart

Total Revenue

Gross Profit

Income Before Tax

Equitable income statement Correlations

Equitable Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Equitable income statement Accounts

Pair Trading with Equitable

Moving against Equitable Stock

Complementary Tools for Equitable Stock analysis

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