ABM Interest Coverage vs Operating Income Analysis

ABM Stock

USD 44.46 0.89 2.04%

ABM Industries financial indicator trend analysis is way more than just evaluating ABM Industries rporated prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether ABM Industries rporated is a good investment. Please check the relationship between ABM Industries Interest Coverage and its Operating Income accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in ABM Industries Incorporated. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of labor statistics.

Interest Coverage vs Operating Income

Interest Coverage vs Operating Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of ABM Industries rporated Interest Coverage account and Operating Income. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between ABM Industries' Interest Coverage and Operating Income is -0.28. Overlapping area represents the amount of variation of Interest Coverage that can explain the historical movement of Operating Income in the same time period over historical financial statements of ABM Industries Incorporated, assuming nothing else is changed. The correlation between historical values of ABM Industries' Interest Coverage and Operating 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 Interest Coverage of ABM Industries Incorporated are associated (or correlated) with its Operating Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Operating Income has no effect on the direction of Interest Coverage i.e., ABM Industries' Interest Coverage and Operating Income go up and down completely randomly.

Correlation Coefficient

-0.28

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Interest Coverage

Operating Income

Operating Income is the amount of profit realized from ABM Industries rporated operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of ABM Industries Incorporated is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.

Most indicators from ABM Industries' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into ABM Industries rporated 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in ABM Industries Incorporated. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of labor statistics.

As of the 15th of April 2024, Selling General Administrative is likely to grow to about 691.7 M. Also, Discontinued Operations is likely to grow to about 94.5 K

	2021	2022	2023	2024 (projected)
Interest Expense	41.1M	82.3M	94.6M	99.4M
Depreciation And Amortization	74.4M	120.7M	138.8M	145.7M

Interest Expense Depreciation And Amortization

ABM Industries 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	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Intangible Assets	Accounts Payable	Current Deferred Revenue	Common Stock Total Equity
Total Assets		0.97	0.55	0.98	0.99	0.93	0.95	0.93	0.22	1.0	0.01	0.22	0.98	0.73	0.99	0.45	0.23	0.86	1.0	0.85	0.98	-0.29	0.87	0.98	-0.24	0.7
Short Long Term Debt Total	0.97		0.58	0.93	0.93	0.91	0.99	0.86	0.17	0.98	-0.15	0.17	0.94	0.6	0.99	0.36	0.14	0.83	0.98	0.86	0.92	-0.37	0.87	0.91	-0.39	0.57
Other Current Liab	0.55	0.58		0.51	0.51	0.42	0.62	0.71	-0.21	0.52	-0.08	-0.21	0.66	0.18	0.58	0.22	0.14	0.1	0.56	0.68	0.6	0.05	0.26	0.48	-0.67	0.22
Total Current Liabilities	0.98	0.93	0.51		0.96	0.95	0.9	0.91	0.24	0.97	-0.01	0.24	0.95	0.72	0.94	0.43	0.24	0.83	0.98	0.83	0.96	-0.24	0.82	0.97	-0.22	0.67
Total Stockholder Equity	0.99	0.93	0.51	0.96		0.91	0.9	0.94	0.24	0.98	0.08	0.24	0.98	0.78	0.96	0.48	0.26	0.87	0.98	0.83	0.99	-0.26	0.84	0.99	-0.18	0.76
Property Plant And Equipment Net	0.93	0.91	0.42	0.95	0.91		0.85	0.84	0.47	0.93	-0.06	0.47	0.87	0.66	0.91	0.38	0.2	0.83	0.94	0.85	0.93	-0.29	0.77	0.92	-0.25	0.59
Net Debt	0.95	0.99	0.62	0.9	0.9	0.85		0.85	0.01	0.96	-0.2	0.01	0.93	0.56	0.98	0.34	0.13	0.78	0.96	0.85	0.89	-0.38	0.87	0.87	-0.42	0.54
Retained Earnings	0.93	0.86	0.71	0.91	0.94	0.84	0.85		0.12	0.9	0.04	0.12	0.98	0.68	0.9	0.45	0.29	0.66	0.92	0.9	0.97	-0.14	0.65	0.92	-0.33	0.66
Cash	0.22	0.17	-0.21	0.24	0.24	0.47	0.01	0.12		0.19	0.28	1.0	0.09	0.36	0.17	0.18	0.1	0.39	0.2	0.16	0.28	0.02	0.12	0.29	0.15	0.32
Non Current Assets Total	1.0	0.98	0.52	0.97	0.98	0.93	0.96	0.9	0.19		-0.02	0.19	0.97	0.71	0.99	0.43	0.21	0.88	1.0	0.83	0.96	-0.32	0.9	0.97	-0.24	0.69
Non Currrent Assets Other	0.01	-0.15	-0.08	-0.01	0.08	-0.06	-0.2	0.04	0.28	-0.02		0.28	-0.01	0.43	-0.04	0.25	0.35	0.12	-0.03	-0.29	0.07	0.54	0.06	0.09	0.65	0.56
Cash And Short Term Investments	0.22	0.17	-0.21	0.24	0.24	0.47	0.01	0.12	1.0	0.19	0.28		0.09	0.36	0.17	0.18	0.1	0.39	0.2	0.16	0.28	0.02	0.12	0.29	0.15	0.32
Net Receivables	0.98	0.94	0.66	0.95	0.98	0.87	0.93	0.98	0.09	0.97	-0.01	0.09		0.69	0.96	0.45	0.25	0.76	0.97	0.89	0.98	-0.24	0.79	0.96	-0.31	0.68
Common Stock Shares Outstanding	0.73	0.6	0.18	0.72	0.78	0.66	0.56	0.68	0.36	0.71	0.43	0.36	0.69		0.66	0.45	0.4	0.76	0.7	0.43	0.74	0.0	0.66	0.79	0.21	0.97
Non Current Liabilities Total	0.99	0.99	0.58	0.94	0.96	0.91	0.98	0.9	0.17	0.99	-0.04	0.17	0.96	0.66		0.42	0.18	0.85	0.99	0.85	0.96	-0.34	0.89	0.94	-0.3	0.66
Inventory	0.45	0.36	0.22	0.43	0.48	0.38	0.34	0.45	0.18	0.43	0.25	0.18	0.45	0.45	0.42		-0.5	0.44	0.43	0.27	0.5	-0.31	0.39	0.52	0.12	0.53
Other Current Assets	0.23	0.14	0.14	0.24	0.26	0.2	0.13	0.29	0.1	0.21	0.35	0.1	0.25	0.4	0.18	-0.5		0.15	0.21	0.18	0.25	0.49	0.13	0.24	0.16	0.35
Other Stockholder Equity	0.86	0.83	0.1	0.83	0.87	0.83	0.78	0.66	0.39	0.88	0.12	0.39	0.76	0.76	0.85	0.44	0.15		0.85	0.54	0.8	-0.38	0.93	0.88	0.1	0.75
Total Liab	1.0	0.98	0.56	0.98	0.98	0.94	0.96	0.92	0.2	1.0	-0.03	0.2	0.97	0.7	0.99	0.43	0.21	0.85		0.86	0.97	-0.31	0.88	0.97	-0.27	0.67
Property Plant And Equipment Gross	0.85	0.86	0.68	0.83	0.83	0.85	0.85	0.9	0.16	0.83	-0.29	0.16	0.89	0.43	0.85	0.27	0.18	0.54	0.86		0.88	-0.31	0.56	0.79	-0.54	0.38
Total Current Assets	0.98	0.92	0.6	0.96	0.99	0.93	0.89	0.97	0.28	0.96	0.07	0.28	0.98	0.74	0.96	0.5	0.25	0.8	0.97	0.88		-0.22	0.77	0.98	-0.24	0.72
Short Term Debt	-0.29	-0.37	0.05	-0.24	-0.26	-0.29	-0.38	-0.14	0.02	-0.32	0.54	0.02	-0.24	0.0	-0.34	-0.31	0.49	-0.38	-0.31	-0.31	-0.22		-0.41	-0.23	0.18	0.02
Intangible Assets	0.87	0.87	0.26	0.82	0.84	0.77	0.87	0.65	0.12	0.9	0.06	0.12	0.79	0.66	0.89	0.39	0.13	0.93	0.88	0.56	0.77	-0.41		0.83	0.01	0.67
Accounts Payable	0.98	0.91	0.48	0.97	0.99	0.92	0.87	0.92	0.29	0.97	0.09	0.29	0.96	0.79	0.94	0.52	0.24	0.88	0.97	0.79	0.98	-0.23	0.83		-0.14	0.77
Current Deferred Revenue	-0.24	-0.39	-0.67	-0.22	-0.18	-0.25	-0.42	-0.33	0.15	-0.24	0.65	0.15	-0.31	0.21	-0.3	0.12	0.16	0.1	-0.27	-0.54	-0.24	0.18	0.01	-0.14		0.27
Common Stock Total Equity	0.7	0.57	0.22	0.67	0.76	0.59	0.54	0.66	0.32	0.69	0.56	0.32	0.68	0.97	0.66	0.53	0.35	0.75	0.67	0.38	0.72	0.02	0.67	0.77	0.27

Click cells to compare fundamentals

ABM Industries Account Relationship Matchups

ABM Industries fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	3.8B	4.4B	4.9B	4.9B	5.7B	6.0B
Short Long Term Debt Total	886.1M	1.0B	1.4B	1.4B	1.7B	1.7B
Total Current Liabilities	986.9M	1.3B	1.4B	1.2B	1.4B	1.5B
Total Stockholder Equity	1.5B	1.6B	1.7B	1.8B	2.1B	2.2B
Property Plant And Equipment Net	276.8M	238.4M	240.6M	244.9M	281.6M	295.7M
Net Debt	491.9M	969.8M	1.3B	1.4B	1.6B	1.7B
Retained Earnings	806.4M	880.2M	1.1B	1.2B	1.4B	1.5B
Non Current Assets Total	2.3B	3.0B	3.3B	3.2B	3.7B	3.9B
Non Currrent Assets Other	125.3M	108.7M	98.8M	70M	80.5M	71.4M
Net Receivables	906.4M	1.2B	1.4B	1.5B	1.7B	1.8B
Common Stock Shares Outstanding	67.3M	68M	67.5M	66.3M	76.2M	53.2M
Liabilities And Stockholders Equity	3.8B	4.4B	4.9B	4.9B	5.7B	6.0B
Non Current Liabilities Total	1.3B	1.5B	1.8B	1.9B	2.2B	2.3B
Inventory	85.4M	88.7M	82.1M	78.5M	90.3M	94.8M
Other Current Assets	55.9M	60.1M	51.6M	58.5M	67.3M	48.7M
Other Stockholder Equity	724M	750.8M	675.5M	558.9M	642.7M	674.9M
Total Liab	2.3B	2.8B	3.2B	3.1B	3.6B	3.8B
Property Plant And Equipment Gross	276.8M	238.4M	240.6M	571.4M	657.1M	690.0M
Total Current Assets	1.4B	1.4B	1.6B	1.7B	2.0B	2.1B
Accumulated Other Comprehensive Income	(30.8M)	(22.5M)	(16.2M)	(9.2M)	(10.6M)	(11.1M)
Short Term Debt	151.7M	63.2M	211.8M	64M	73.6M	53.9M
Intangible Assets	239.7M	424.8M	378.5M	302.9M	348.3M	365.8M
Accounts Payable	273.3M	289.4M	315.5M	299.1M	344.0M	361.2M
Current Deferred Revenue	561.8M	933.1M	89.7M	90.1M	103.6M	98.4M
Other Liab	537M	571.8M	601.3M	526.2M	605.1M	364.0M
Long Term Debt	603M	852.8M	1.1B	1.3B	1.5B	1.5B
Property Plant Equipment	276.8M	238.4M	240.6M	244.9M	281.6M	295.7M
Good Will	1.7B	2.2B	2.5B	2.5B	2.9B	3.0B
Net Tangible Assets	(410.8M)	(1.0B)	1.3B	(994.3M)	(894.9M)	(850.1M)
Retained Earnings Total Equity	771.2M	856.3M	880.2M	1.1B	1.2B	754.1M
Long Term Debt Total	744.2M	605.8M	852.8M	1.1B	1.2B	1.3B
Capital Surpluse	708.9M	724.1M	750.9M	675.5M	776.8M	519.1M

Pair Trading with ABM Industries

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 ABM Industries 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 ABM Industries will appreciate offsetting losses from the drop in the long position's value.

Moving together with ABM Stock

0.86

NL Industries

Pair Corr

Moving against ABM Stock

0.8	HDSN	Hudson Technologies Financial Report 1st of May 2024	Pair Corr
0.72	SOS	SOS Limited Report 16th of May 2024	Pair Corr
0.65	SMX	SMX Public Limited	Pair Corr
0.59	ACCO	Acco Brands Financial Report 2nd of May 2024	Pair Corr
0.55	AMBI	Ambipar Emergency Report 10th of May 2024	Pair Corr

The ability to find closely correlated positions to ABM Industries could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ABM Industries 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 ABM Industries - 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 ABM Industries Incorporated to buy it.

The correlation of ABM Industries 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 ABM Industries moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ABM Industries rporated 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 ABM Industries 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

When determining whether ABM Industries rporated is a strong investment it is important to analyze ABM Industries' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact ABM Industries' future performance. For an informed investment choice regarding ABM Stock, refer to the following important reports:

How To Invest In ABM

Details

Is ABM Stock a good investment?

Details

What is ABM Industries' Net Worth?

Details

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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in ABM Industries Incorporated. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of labor statistics.

Note that the ABM Industries rporated information on this page should be used as a complementary analysis to other ABM Industries' 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 Companies Directory module to evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals.

Complementary Tools for ABM Stock analysis

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

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Is ABM Industries' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of ABM Industries. If investors know ABM will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about ABM Industries listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

0.207

Dividend Share

0.885

Earnings Share

3.91

Revenue Per Share

125.187

Quarterly Revenue Growth

0.039

The market value of ABM Industries rporated is measured differently than its book value, which is the value of ABM that is recorded on the company's balance sheet. Investors also form their own opinion of ABM Industries' value that differs from its market value or its book value, called intrinsic value, which is ABM Industries' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because ABM Industries' market value can be influenced by many factors that don't directly affect ABM Industries' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

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

Interest Coverage vs Operating Income

Interest Coverage vs Operating Income Correlation Analysis

Correlation Coefficient

Interest Coverage

Operating Income

ABM Industries fundamental ratios Correlations

ABM Industries Account Relationship Matchups

High Positive Relationship

High Negative Relationship

ABM Industries fundamental ratios Accounts

Pair Trading with ABM Industries

Moving together with ABM Stock

Moving against ABM Stock

Complementary Tools for ABM Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Assets Total	+ 1.0	Total Assets
Total Liab	+ 1.0	Total Assets
Cash And Short Term Investments	+ 1.0	Cash
Total Liab	+ 1.0	Non Current Assets Total
Total Stockholder Equity	+ 0.99	Total Assets
Non Current Liabilities Total	+ 0.99	Total Assets

Current Deferred Revenue	- 0.67	Other Current Liab
Current Deferred Revenue	- 0.54	Property Plant And Equipment Gross
Other Current Assets	- 0.5	Inventory
Current Deferred Revenue	- 0.42	Net Debt
Intangible Assets	- 0.41	Short Term Debt
Current Deferred Revenue	- 0.39	Short Long Term Debt Total