Sprint Average Equity vs Earnings before Tax Analysis

S -- USA Stock  

USD 6.46  0.09  1.41%

Sprint financial indicator trend analysis is much more than just breaking down Sprint prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Sprint is a good investment. Please check the relationship between Sprint Average Equity and its Earnings before Tax accounts. Also please take a look at World Market Map.

Average Equity vs Earnings before Tax

Accounts Relationship

Average Equity vs Earnings before Tax

Significance: Almost No Relationship

Overlapping area represents amount of trend that can be explained by analyzing historical patterns of Sprint Average Equity account and Earnings before Tax

Correlation Coefficient

0.19
Relationship DirectionPositive 
Relationship StrengthInsignificant

Average Equity

Average equity value for the period used in calculation of Return on Average Equity; derived from Shareholders Equity.

Earnings before Tax

Earnings Before Tax is calculated by adding Income Tax Expense back to Net Income.

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