Equitable Tax Provision vs Net Interest Income Analysis

EQB Stock

CAD 85.92 1.22 1.44%

Equitable financial indicator trend analysis is much more than just examining Equitable Group latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Equitable Group is a good investment. Please check the relationship between Equitable Tax Provision and its Net Interest Income accounts. 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.

Tax Provision vs Net Interest Income

Tax Provision vs Net Interest Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Equitable Group Tax Provision account and Net Interest Income. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Equitable's Tax Provision and Net Interest Income is 0.98. Overlapping area represents the amount of variation of Tax Provision that can explain the historical movement of Net Interest Income in the same time period over historical financial statements of Equitable Group, assuming nothing else is changed. The correlation between historical values of Equitable's Tax Provision 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 Tax Provision of Equitable Group 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 Tax Provision i.e., Equitable's Tax Provision and Net Interest Income go up and down completely randomly.

Correlation Coefficient

0.98

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Tax Provision

The amount set aside by a company to cover any estimated taxes for the current period. It reflects the company's expected tax liabilities.

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 Equitable's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators 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 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 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.

At this time, Equitable's Selling General Administrative is very stable compared to the past year. As of the 5th of May 2024, Issuance Of Capital Stock is likely to grow to about 279.8 M, while Tax Provision is likely to drop about 76 M.

	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 fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Total Stockholder Equity	Net Debt	Retained Earnings	Cash	Other Assets	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Common Stock Shares Outstanding	Other Stockholder Equity	Total Liab	Common Stock	Short Term Debt	Property Plant And Equipment Net	Accounts Payable	Property Plant And Equipment Gross	Short Term Investments	Other Current Liab	Total Current Liabilities	Other Liab	Net Tangible Assets	Long Term Debt	Inventory	Other Current Assets
Total Assets		1.0	1.0	1.0	0.99	0.51	1.0	0.97	0.76	0.72	0.73	0.64	1.0	0.97	0.92	0.95	0.96	0.95	0.94	-0.91	-0.58	0.98	0.87	0.86	-0.83	0.97
Short Long Term Debt Total	1.0		0.99	1.0	0.98	0.51	1.0	0.97	0.74	0.73	0.75	0.67	1.0	0.97	0.91	0.95	0.95	0.95	0.93	-0.9	-0.59	0.98	0.86	0.86	-0.82	0.97
Total Stockholder Equity	1.0	0.99		0.99	0.99	0.56	1.0	0.97	0.75	0.74	0.74	0.66	1.0	0.96	0.9	0.95	0.96	0.95	0.92	-0.89	-0.58	0.99	0.88	0.87	-0.85	0.98
Net Debt	1.0	1.0	0.99		0.98	0.5	1.0	0.97	0.75	0.72	0.74	0.66	1.0	0.97	0.92	0.94	0.94	0.94	0.93	-0.9	-0.59	0.98	0.86	0.86	-0.81	0.97
Retained Earnings	0.99	0.98	0.99	0.98		0.61	0.99	0.94	0.75	0.77	0.75	0.7	0.99	0.92	0.86	0.95	0.94	0.95	0.88	-0.84	-0.6	0.99	0.89	0.89	-0.89	0.97
Cash	0.51	0.51	0.56	0.5	0.61		0.54	0.43	0.18	0.83	0.71	0.6	0.51	0.37	0.22	0.56	0.53	0.56	0.26	-0.24	-0.23	0.57	0.68	0.67	-0.72	0.52
Other Assets	1.0	1.0	1.0	1.0	0.99	0.54		0.96	0.73	0.75	0.76	0.66	1.0	0.97	0.91	0.95	0.96	0.95	0.92	-0.89	-0.55	0.98	0.87	0.87	-0.84	0.97
Cash And Short Term Investments	0.97	0.97	0.97	0.97	0.94	0.43	0.96		0.81	0.59	0.63	0.49	0.97	0.98	0.96	0.89	0.96	0.89	0.98	-0.96	-0.55	0.95	0.83	0.81	-0.75	0.95
Net Receivables	0.76	0.74	0.75	0.75	0.75	0.18	0.73	0.81		0.26	0.22	0.43	0.76	0.74	0.79	0.72	0.75	0.72	0.84	-0.85	-0.73	0.79	0.73	0.71	-0.64	0.8
Common Stock Total Equity	0.72	0.73	0.74	0.72	0.77	0.83	0.75	0.59	0.26		0.93	0.78	0.72	0.63	0.46	0.75	0.68	0.75	0.47	-0.46	-0.32	0.73	0.8	0.82	-0.77	0.7
Common Stock Shares Outstanding	0.73	0.75	0.74	0.74	0.75	0.71	0.76	0.63	0.22	0.93		0.68	0.73	0.68	0.55	0.69	0.65	0.69	0.55	-0.53	-0.32	0.69	0.76	0.76	-0.66	0.66
Other Stockholder Equity	0.64	0.67	0.66	0.66	0.7	0.6	0.66	0.49	0.43	0.78	0.68		0.64	0.52	0.4	0.72	0.5	0.72	0.4	-0.42	-0.66	0.67	0.71	0.76	-0.77	0.66
Total Liab	1.0	1.0	1.0	1.0	0.99	0.51	1.0	0.97	0.76	0.72	0.73	0.64		0.97	0.92	0.94	0.96	0.94	0.94	-0.91	-0.58	0.98	0.87	0.86	-0.83	0.97
Common Stock	0.97	0.97	0.96	0.97	0.92	0.37	0.97	0.98	0.74	0.63	0.68	0.52	0.97		0.97	0.9	0.95	0.9	0.97	-0.94	-0.5	0.94	0.79	0.79	-0.71	0.95
Short Term Debt	0.92	0.91	0.9	0.92	0.86	0.22	0.91	0.96	0.79	0.46	0.55	0.4	0.92	0.97		0.84	0.89	0.84	0.98	-0.97	-0.47	0.88	0.74	0.73	-0.63	0.9
Property Plant And Equipment Net	0.95	0.95	0.95	0.94	0.95	0.56	0.95	0.89	0.72	0.75	0.69	0.72	0.94	0.9	0.84		0.93	1.0	0.83	-0.8	-0.56	0.97	0.85	0.88	-0.83	0.96
Accounts Payable	0.96	0.95	0.96	0.94	0.94	0.53	0.96	0.96	0.75	0.68	0.65	0.5	0.96	0.95	0.89	0.93		0.93	0.92	-0.88	-0.46	0.96	0.84	0.83	-0.78	0.96
Property Plant And Equipment Gross	0.95	0.95	0.95	0.94	0.95	0.56	0.95	0.89	0.72	0.75	0.69	0.72	0.94	0.9	0.84	1.0	0.93		0.83	-0.8	-0.56	0.97	0.85	0.88	-0.83	0.96
Short Term Investments	0.94	0.93	0.92	0.93	0.88	0.26	0.92	0.98	0.84	0.47	0.55	0.4	0.94	0.97	0.98	0.83	0.92	0.83		-0.98	-0.55	0.9	0.77	0.75	-0.65	0.91
Other Current Liab	-0.91	-0.9	-0.89	-0.9	-0.84	-0.24	-0.89	-0.96	-0.85	-0.46	-0.53	-0.42	-0.91	-0.94	-0.97	-0.8	-0.88	-0.8	-0.98		0.58	-0.86	-0.78	-0.76	0.63	-0.88
Total Current Liabilities	-0.58	-0.59	-0.58	-0.59	-0.6	-0.23	-0.55	-0.55	-0.73	-0.32	-0.32	-0.66	-0.58	-0.5	-0.47	-0.56	-0.46	-0.56	-0.55	0.58		-0.58	-0.57	-0.56	0.49	-0.58
Other Liab	0.98	0.98	0.99	0.98	0.99	0.57	0.98	0.95	0.79	0.73	0.69	0.67	0.98	0.94	0.88	0.97	0.96	0.97	0.9	-0.86	-0.58		0.89	0.9	-0.87	0.99
Net Tangible Assets	0.87	0.86	0.88	0.86	0.89	0.68	0.87	0.83	0.73	0.8	0.76	0.71	0.87	0.79	0.74	0.85	0.84	0.85	0.77	-0.78	-0.57	0.89		0.99	-0.86	0.87
Long Term Debt	0.86	0.86	0.87	0.86	0.89	0.67	0.87	0.81	0.71	0.82	0.76	0.76	0.86	0.79	0.73	0.88	0.83	0.88	0.75	-0.76	-0.56	0.9	0.99		-0.85	0.88
Inventory	-0.83	-0.82	-0.85	-0.81	-0.89	-0.72	-0.84	-0.75	-0.64	-0.77	-0.66	-0.77	-0.83	-0.71	-0.63	-0.83	-0.78	-0.83	-0.65	0.63	0.49	-0.87	-0.86	-0.85		-0.86
Other Current Assets	0.97	0.97	0.98	0.97	0.97	0.52	0.97	0.95	0.8	0.7	0.66	0.66	0.97	0.95	0.9	0.96	0.96	0.96	0.91	-0.88	-0.58	0.99	0.87	0.88	-0.86

Click cells to compare fundamentals

Equitable Account Relationship Matchups

Equitable fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	28.4B	30.7B	36.2B	51.1B	58.8B	61.8B
Short Long Term Debt Total	11.1B	12.8B	13.6B	19.5B	22.5B	23.6B
Total Stockholder Equity	1.5B	1.6B	2.0B	2.5B	2.9B	3.1B
Net Debt	10.6B	12.3B	12.8B	19.0B	21.9B	23.0B
Retained Earnings	1.2B	1.4B	1.7B	1.9B	2.2B	2.3B
Cash	508.9M	557.7M	773.3M	495.1M	569.4M	347.5M
Other Assets	26.6B	28.5B	32.6B	44.6B	51.3B	53.9B
Cash And Short Term Investments	644.4M	819.7M	1.4B	2.3B	2.7B	2.8B
Net Receivables	506.2M	570.0M	729.1M	1.3B	1.1B	1.2B
Common Stock Total Equity	198.7M	200.8M	213.3M	218.2M	250.9M	174.9M
Common Stock Shares Outstanding	33.7M	33.9M	34.4M	35.0M	40.3M	32.7M
Liabilities And Stockholders Equity	28.4B	30.7B	36.2B	51.1B	58.8B	61.8B
Other Stockholder Equity	13.9M	16.2M	8.7M	11.4M	10.3M	8.7M
Total Liab	26.9B	29.1B	34.2B	48.6B	55.9B	58.7B
Common Stock	213.3M	218.2M	230.2M	462.6M	531.9M	558.5M
Accumulated Other Comprehensive Income	(18.6M)	(39.0M)	(7.6M)	9.4M	8.5M	8.9M
Short Term Debt	128.9M	290.0M	200.1M	1.2B	1.4B	1.5B
Property Plant And Equipment Net	31.3M	26.0M	21.6M	36.2M	41.6M	43.7M
Accounts Payable	86.9M	68.6M	143.9M	207.7M	238.8M	250.7M
Property Plant And Equipment Gross	31.3M	26.0M	21.6M	36.2M	41.6M	43.7M
Short Term Investments	135.6M	262.0M	670.3M	1.8B	2.1B	2.2B
Other Current Liab	(86.9M)	(68.6M)	(344.1M)	(1.4B)	(1.3B)	(1.2B)
Total Current Liabilities	86.9M	68.6M	344.1M	1.4B	1.3B	1.2B
Other Liab	82.5M	95.9M	102.5M	133.3M	153.3M	160.9M
Net Tangible Assets	1.3B	1.5B	1.8B	2.2B	2.5B	1.3B
Long Term Debt	10.7B	12.0B	11.4B	15.1B	17.3B	9.9B
Inventory	1.6M	863K	53K	375K	337.5K	320.6K
Other Current Assets	466M	507.7M	465.0M	745.2M	857.0M	899.8M
Long Term Investments	501.6M	774.7M	1.2B	2.7B	3.1B	3.2B
Total Current Assets	1.2B	1.4B	2.2B	3.6B	4.1B	4.3B
Property Plant Equipment	31.3M	26.0M	21.6M	36.2M	41.6M	21.2M
Intangible Assets	53.5M	71.2M	92.6M	145.5M	167.3M	175.7M
Long Term Debt Total	10.7B	12.0B	11.4B	15.1B	17.4B	11.1B
Capital Surpluse	7.0M	8.1M	8.7M	11.4M	13.2M	8.0M
Earning Assets	461.4M	535.8M	1.1B	1.7B	1.9B	2.0B
Net Invested Capital	12.1B	13.6B	13.5B	18.7B	21.5B	11.1B
Capital Stock	285.8M	290.6M	300.8M	644.0M	740.6M	394.8M

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

0.64	FFH	Fairfax Financial	Pair Corr
0.53	FFH-PF	Fairfax Financial	Pair Corr
0.48	BFM	Bedford Metals Corp	Pair Corr
0.46	FFH-PK	Fairfax Financial	Pair Corr
0.44	FFH-PH	Fairfax Financial	Pair Corr

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

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.

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 FinTech Suite module to use AI to screen and filter profitable investment opportunities.

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 Tax Provision vs Net Interest Income Analysis

Tax Provision vs Net Interest Income

Tax Provision vs Net Interest Income Correlation Analysis

Correlation Coefficient

Tax Provision

Net Interest Income

Equitable fundamental ratios Correlations

Equitable Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Equitable fundamental ratios Accounts

Pair Trading with Equitable

Moving against Equitable Stock

Complementary Tools for Equitable Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Short Long Term Debt Total	+ 1.0	Total Assets
Total Stockholder Equity	+ 1.0	Total Assets
Net Debt	+ 1.0	Total Assets
Other Assets	+ 1.0	Total Assets
Total Liab	+ 1.0	Total Assets
Net Debt	+ 1.0	Short Long Term Debt Total

Other Current Liab	- 0.98	Short Term Investments
Other Current Liab	- 0.97	Short Term Debt
Other Current Liab	- 0.96	Cash And Short Term Investments
Other Current Liab	- 0.94	Common Stock
Other Current Liab	- 0.91	Total Liab
Other Current Liab	- 0.91	Total Assets