Royal Interest Income vs Income Tax Expense Analysis

RY Stock

CAD 134.01 0.13 0.1%

Royal Bank financial indicator trend analysis is much more than just breaking down Royal Bank prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Royal Bank is a good investment. Please check the relationship between Royal Bank Interest 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 Royal Bank of. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate.

Interest Income vs Income Tax Expense

Interest Income vs Income Tax Expense Correlation Analysis

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

The correlation between Royal Bank's Interest Income and Income Tax Expense is 0.71. Overlapping area represents the amount of variation of Interest Income that can explain the historical movement of Income Tax Expense in the same time period over historical financial statements of Royal Bank of, assuming nothing else is changed. The correlation between historical values of Royal Bank's Interest 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 Interest Income of Royal Bank of 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 Interest Income i.e., Royal Bank's Interest Income and Income Tax Expense go up and down completely randomly.

Correlation Coefficient

0.71

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Interest Income

Income earned from the investment of cash or from lending money to others, including interest from bank accounts, bonds, or other interest-bearing investments.

Income Tax Expense

Most indicators from Royal Bank's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Royal Bank 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 Royal Bank of. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate.

At this time, Royal Bank's Selling General Administrative is very stable compared to the past year. As of the 30th of April 2024, Issuance Of Capital Stock is likely to grow to about 4.8 B, while Tax Provision is likely to drop about 3.7 B.

	2021	2023	2024 (projected)
Interest Expense	18.1B	71.1B	74.7B
Depreciation And Amortization	2.7B	3.0B	3.2B

Interest Expense Depreciation And Amortization

Royal Bank 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	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Other Assets	Short Term Debt	Common Stock Total Equity	Common Stock	Good Will
Total Assets		0.81	0.06	0.94	1.0	0.87	0.64	1.0	0.87	0.86	0.98	-0.89	0.94	0.62	0.53	0.8	0.15	0.45	1.0	0.87	0.85	1.0	0.97	0.72	0.69	0.84
Short Long Term Debt Total	0.81		0.26	0.87	0.83	0.69	0.95	0.84	0.79	0.7	0.77	-0.66	0.68	0.32	0.38	0.93	0.44	0.7	0.81	0.82	0.68	0.82	0.87	0.45	0.42	0.64
Other Current Liab	0.06	0.26		0.01	0.05	0.15	0.37	0.08	0.49	-0.02	0.0	0.15	-0.09	-0.35	-0.01	0.07	0.53	0.07	0.06	0.25	0.05	0.05	0.1	-0.34	-0.37	-0.19
Total Current Liabilities	0.94	0.87	0.01		0.95	0.79	0.72	0.95	0.81	0.81	0.88	-0.8	0.86	0.57	0.39	0.84	0.29	0.65	0.94	0.81	0.84	0.95	0.98	0.63	0.6	0.8
Total Stockholder Equity	1.0	0.83	0.05	0.95		0.84	0.67	1.0	0.87	0.84	0.97	-0.88	0.93	0.59	0.55	0.82	0.14	0.5	1.0	0.85	0.83	1.0	0.98	0.73	0.7	0.85
Property Plant And Equipment Net	0.87	0.69	0.15	0.79	0.84		0.48	0.87	0.79	0.96	0.8	-0.74	0.91	0.61	0.24	0.71	0.4	0.11	0.87	0.94	0.94	0.86	0.79	0.47	0.45	0.62
Net Debt	0.64	0.95	0.37	0.72	0.67	0.48		0.67	0.7	0.45	0.61	-0.48	0.46	0.07	0.39	0.81	0.46	0.73	0.64	0.65	0.47	0.65	0.73	0.3	0.27	0.48
Retained Earnings	1.0	0.84	0.08	0.95	1.0	0.87	0.67		0.88	0.87	0.96	-0.87	0.93	0.61	0.49	0.83	0.2	0.48	1.0	0.89	0.86	1.0	0.98	0.69	0.66	0.82
Accounts Payable	0.87	0.79	0.49	0.81	0.87	0.79	0.7	0.88		0.7	0.82	-0.66	0.74	0.33	0.47	0.72	0.34	0.38	0.87	0.85	0.72	0.87	0.87	0.44	0.4	0.6
Cash	0.86	0.7	-0.02	0.81	0.84	0.96	0.45	0.87	0.7		0.8	-0.79	0.91	0.76	0.2	0.78	0.31	0.19	0.86	0.93	0.91	0.86	0.79	0.55	0.54	0.68
Non Current Assets Total	0.98	0.77	0.0	0.88	0.97	0.8	0.61	0.96	0.82	0.8		-0.94	0.93	0.63	0.63	0.74	0.01	0.41	0.98	0.79	0.75	0.97	0.94	0.8	0.77	0.87
Non Currrent Assets Other	-0.89	-0.66	0.15	-0.8	-0.88	-0.74	-0.48	-0.87	-0.66	-0.79	-0.94		-0.89	-0.77	-0.48	-0.67	0.06	-0.36	-0.89	-0.7	-0.67	-0.89	-0.84	-0.87	-0.86	-0.91
Cash And Short Term Investments	0.94	0.68	-0.09	0.86	0.93	0.91	0.46	0.93	0.74	0.91	0.93	-0.89		0.68	0.45	0.68	0.09	0.24	0.95	0.82	0.91	0.93	0.87	0.74	0.71	0.83
Net Receivables	0.62	0.32	-0.35	0.57	0.59	0.61	0.07	0.61	0.33	0.76	0.63	-0.77	0.68		0.15	0.46	-0.1	0.12	0.62	0.53	0.54	0.64	0.57	0.67	0.67	0.66
Common Stock Shares Outstanding	0.53	0.38	-0.01	0.39	0.55	0.24	0.39	0.49	0.47	0.2	0.63	-0.48	0.45	0.15		0.32	-0.43	0.18	0.53	0.25	0.18	0.51	0.49	0.7	0.69	0.62
Non Current Liabilities Total	0.8	0.93	0.07	0.84	0.82	0.71	0.81	0.83	0.72	0.78	0.74	-0.67	0.68	0.46	0.32		0.34	0.6	0.8	0.86	0.68	0.82	0.83	0.48	0.47	0.62
Other Current Assets	0.15	0.44	0.53	0.29	0.14	0.4	0.46	0.2	0.34	0.31	0.01	0.06	0.09	-0.1	-0.43	0.34		0.26	0.15	0.47	0.42	0.15	0.21	-0.4	-0.42	-0.13
Other Stockholder Equity	0.45	0.7	0.07	0.65	0.5	0.11	0.73	0.48	0.38	0.19	0.41	-0.36	0.24	0.12	0.18	0.6	0.26		0.44	0.28	0.25	0.48	0.61	0.3	0.28	0.47
Total Liab	1.0	0.81	0.06	0.94	1.0	0.87	0.64	1.0	0.87	0.86	0.98	-0.89	0.95	0.62	0.53	0.8	0.15	0.44		0.87	0.85	1.0	0.97	0.72	0.69	0.84
Property Plant And Equipment Gross	0.87	0.82	0.25	0.81	0.85	0.94	0.65	0.89	0.85	0.93	0.79	-0.7	0.82	0.53	0.25	0.86	0.47	0.28	0.87		0.86	0.87	0.83	0.42	0.4	0.59
Total Current Assets	0.85	0.68	0.05	0.84	0.83	0.94	0.47	0.86	0.72	0.91	0.75	-0.67	0.91	0.54	0.18	0.68	0.42	0.25	0.85	0.86		0.84	0.79	0.45	0.43	0.64
Other Assets	1.0	0.82	0.05	0.95	1.0	0.86	0.65	1.0	0.87	0.86	0.97	-0.89	0.93	0.64	0.51	0.82	0.15	0.48	1.0	0.87	0.84		0.98	0.72	0.69	0.84
Short Term Debt	0.97	0.87	0.1	0.98	0.98	0.79	0.73	0.98	0.87	0.79	0.94	-0.84	0.87	0.57	0.49	0.83	0.21	0.61	0.97	0.83	0.79	0.98		0.66	0.63	0.82
Common Stock Total Equity	0.72	0.45	-0.34	0.63	0.73	0.47	0.3	0.69	0.44	0.55	0.8	-0.87	0.74	0.67	0.7	0.48	-0.4	0.3	0.72	0.42	0.45	0.72	0.66		1.0	0.95
Common Stock	0.69	0.42	-0.37	0.6	0.7	0.45	0.27	0.66	0.4	0.54	0.77	-0.86	0.71	0.67	0.69	0.47	-0.42	0.28	0.69	0.4	0.43	0.69	0.63	1.0		0.93
Good Will	0.84	0.64	-0.19	0.8	0.85	0.62	0.48	0.82	0.6	0.68	0.87	-0.91	0.83	0.66	0.62	0.62	-0.13	0.47	0.84	0.59	0.64	0.84	0.82	0.95	0.93

Click cells to compare fundamentals

Royal Bank Account Relationship Matchups

Royal Bank fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	1.6T	1.7T	1.9T	2.0T	2.3T	2.4T
Short Long Term Debt Total	9.8B	9.9B	305.0B	425.2B	489.0B	513.4B
Other Current Liab	(107.7B)	(90.1B)	(110.0B)	(654M)	(588.6M)	(618.0M)
Total Current Liabilities	107.7B	90.1B	110.0B	159.6B	183.5B	192.7B
Total Stockholder Equity	86.7B	98.7B	108.1B	117.7B	135.3B	142.1B
Property Plant And Equipment Net	7.9B	7.4B	7.2B	6.7B	7.8B	8.1B
Net Debt	(148.0B)	111.6B	244.8B	301.4B	346.7B	364.0B
Retained Earnings	59.8B	71.8B	78.0B	84.3B	97.0B	101.8B
Accounts Payable	9.5B	10.5B	17.3B	20.6B	23.7B	24.9B
Cash	157.9B	193.5B	180.4B	133.1B	153.0B	160.7B
Non Current Assets Total	268.1B	299.8B	308.1B	344.5B	396.2B	416.0B
Non Currrent Assets Other	(268.1B)	(299.8B)	(308.1B)	(344.5B)	(310.1B)	(294.6B)
Cash And Short Term Investments	167.1B	297.6B	231.0B	240.6B	276.7B	290.5B
Net Receivables	18.6B	22.5B	26.2B	12.1B	14.0B	11.9B
Common Stock Shares Outstanding	1.4B	1.4B	1.4B	1.4B	1.6B	1.5B
Liabilities And Stockholders Equity	1.4T	1.6T	1.7T	1.9T	2.2T	2.3T
Non Current Liabilities Total	12.5B	12.9B	209.1B	159.6B	183.5B	192.7B
Other Current Assets	89.7B	102.2B	108.2B	129.6B	116.6B	123.2B
Other Stockholder Equity	4.2B	(132M)	2.4B	5.4B	4.8B	5.1B
Total Liab	1.5T	1.6T	1.8T	1.9T	2.2T	2.3T
Property Plant And Equipment Gross	7.9B	15.1B	12.4B	12.8B	14.8B	15.5B
Total Current Assets	186.9B	316.3B	253.6B	266.8B	306.9B	322.2B
Other Assets	974.0B	1.0T	1.1T	1.3T	1.5T	1.6T
Short Term Debt	99.4B	80.6B	99.5B	143.0B	164.4B	172.6B
Common Stock	17.6B	17.5B	17.7B	17.3B	19.9B	14.7B
Good Will	11.3B	10.9B	12.3B	12.6B	14.5B	10.3B
Short Term Investments	139.7B	37.5B	60.2B	78.9B	90.8B	85.6B
Intangible Assets	4.8B	4.5B	6.1B	5.9B	6.8B	3.6B
Other Liab	25.2B	28.3B	29.3B	26.3B	30.3B	28.1B
Net Tangible Assets	61.9B	64.7B	76.7B	82.4B	94.7B	64.3B
Long Term Debt	23.2B	33.3B	12.3B	323.1B	371.6B	390.2B
Long Term Investments	280.8B	285.4B	318.9B	410.2B	471.8B	257.1B
Short Long Term Debt	80.0B	98.9B	142.3B	111.4B	128.1B	138.9B
Property Plant Equipment	3.2B	7.9B	7.4B	7.2B	8.3B	4.8B
Long Term Debt Total	9.8B	28.5B	38.3B	17.4B	20.0B	17.8B
Earning Assets	664.6B	741.3B	795.7B	825.0B	948.8B	742.9B
Net Invested Capital	90.6B	391.9B	520.8B	544.9B	626.6B	657.9B

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 Royal Bank 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, Royal Bank's short interest history, or implied volatility extrapolated from Royal Bank options trading.

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When determining whether Royal Bank offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Royal Bank's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Royal Bank Of Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Royal Bank Of Stock:

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Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Royal Bank of. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate.

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When running Royal Bank's price analysis, check to measure Royal Bank'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 Royal Bank is operating at the current time. Most of Royal Bank's value examination focuses on studying past and present price action to predict the probability of Royal Bank's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Royal Bank's price. Additionally, you may evaluate how the addition of Royal Bank to your portfolios can decrease your overall portfolio volatility.

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Please note, there is a significant difference between Royal Bank's value and its price as these two are different measures arrived at by different means. Investors typically determine if Royal Bank is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Royal Bank'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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Royal Interest Income vs Income Tax Expense Analysis

Interest Income vs Income Tax Expense

Interest Income vs Income Tax Expense Correlation Analysis

Correlation Coefficient

Interest Income

Income Tax Expense

Royal Bank fundamental ratios Correlations

Royal Bank Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Royal Bank fundamental ratios Accounts

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Total Stockholder Equity	+ 1.0	Total Assets
Retained Earnings	+ 1.0	Total Assets
Total Liab	+ 1.0	Total Assets
Other Assets	+ 1.0	Total Assets
Retained Earnings	+ 1.0	Total Stockholder Equity
Total Liab	+ 1.0	Total Stockholder Equity

Non Currrent Assets Other	- 0.94	Non Current Assets Total
Good Will	- 0.91	Non Currrent Assets Other
Other Assets	- 0.89	Non Currrent Assets Other
Total Liab	- 0.89	Non Currrent Assets Other
Cash And Short Term Investments	- 0.89	Non Currrent Assets Other
Non Currrent Assets Other	- 0.89	Total Assets