Sprint Earnings before Tax vs Average Equity Analysis

S -- USA Stock  

USD 5.99  0.17  2.92%

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 Earnings before Tax and its Average Equity accounts. Also please take a look at World Market Map.

Earnings before Tax vs Average Equity

Accounts Relationship

Earnings before Tax vs Average Equity

Significance: Almost No Relationship

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

Correlation Coefficient

0.19
Relationship DirectionPositive 
Relationship StrengthInsignificant

Earnings before Tax

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

Average Equity

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

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