Affirm Ebit vs Income Tax Expense Analysis

AFRM Stock

USD 34.93 0.49 1.42%

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

To learn how to invest in Affirm Stock, please use our How to Invest in Affirm Holdings guide.

Ebit vs Income Tax Expense

Ebit vs Income Tax Expense Correlation Analysis

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

The correlation between Affirm Holdings' Ebit and Income Tax Expense is 0.76. Overlapping area represents the amount of variation of Ebit that can explain the historical movement of Income Tax Expense in the same time period over historical financial statements of Affirm Holdings, assuming nothing else is changed. The correlation between historical values of Affirm Holdings' Ebit 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 Ebit of Affirm Holdings 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 Ebit i.e., Affirm Holdings' Ebit and Income Tax Expense go up and down completely randomly.

Correlation Coefficient

0.76

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Ebit

Income Tax Expense

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

To learn how to invest in Affirm Stock, please use our How to Invest in Affirm Holdings guide.As of the 5th of May 2024, Tax Provision is likely to drop to about (3.7 M). In addition to that, Selling General Administrative is likely to drop to about 383.7 M

	2021	2022	2023	2024 (projected)
Gross Profit	772.8M	714.8M	822.0M	554.7M
Total Revenue	1.3B	1.6B	1.8B	1.0B

Gross Profit Total Revenue

Affirm Holdings fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Long Term Debt	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Net Invested Capital
Total Assets		0.91	0.88	0.74	0.96	0.74	0.96	0.86	-0.85	0.87	-0.94	0.73	0.84	0.98	0.9	0.72	0.98	0.96	0.89	0.44	0.96	0.82	-0.86	0.87	0.98	0.94
Short Long Term Debt Total	0.91		0.81	0.62	0.85	0.61	0.84	0.99	-0.91	0.99	-0.98	0.63	0.72	0.87	0.84	0.73	0.9	0.86	0.99	0.53	0.9	0.83	-0.78	0.98	0.91	0.99
Other Current Liab	0.88	0.81		0.91	0.96	0.91	0.96	0.74	-0.78	0.73	-0.82	0.88	0.96	0.95	1.0	0.79	0.86	0.91	0.8	0.07	0.74	0.69	-0.96	0.73	0.77	0.89
Total Current Liabilities	0.74	0.62	0.91		0.89	0.99	0.89	0.51	-0.59	0.5	-0.62	0.97	0.98	0.86	0.92	0.73	0.73	0.81	0.6	-0.24	0.53	0.71	-0.8	0.49	0.58	0.73
Total Stockholder Equity	0.96	0.85	0.96	0.89		0.89	1.0	0.77	-0.81	0.77	-0.87	0.87	0.95	1.0	0.97	0.78	0.94	0.96	0.83	0.19	0.85	0.8	-0.91	0.76	0.88	0.91
Other Liab	0.74	0.61	0.91	0.99	0.89		0.89	0.51	-0.65	0.5	-0.62	0.99	0.97	0.85	0.91	0.81	0.7	0.76	0.62	-0.27	0.53	0.69	-0.8	0.46	0.58	0.73
Net Tangible Assets	0.96	0.84	0.96	0.89	1.0	0.89		0.77	-0.81	0.77	-0.87	0.87	0.95	1.0	0.97	0.78	0.94	0.96	0.83	0.19	0.85	0.8	-0.91	0.76	0.88	0.91
Property Plant And Equipment Net	0.86	0.99	0.74	0.51	0.77	0.51	0.77		-0.92	1.0	-0.97	0.54	0.62	0.8	0.76	0.72	0.84	0.79	0.99	0.59	0.89	0.78	-0.72	0.97	0.89	0.96
Current Deferred Revenue	-0.85	-0.91	-0.78	-0.59	-0.81	-0.65	-0.81	-0.92		-0.9	0.93	-0.67	-0.68	-0.82	-0.79	-0.9	-0.77	-0.72	-0.95	-0.35	-0.83	-0.75	0.75	-0.83	-0.84	-0.91
Net Debt	0.87	0.99	0.73	0.5	0.77	0.5	0.77	1.0	-0.9		-0.97	0.52	0.61	0.8	0.76	0.68	0.86	0.81	0.98	0.62	0.9	0.79	-0.71	0.99	0.9	0.96
Retained Earnings	-0.94	-0.98	-0.82	-0.62	-0.87	-0.62	-0.87	-0.97	0.93	-0.97		-0.63	-0.72	-0.89	-0.85	-0.73	-0.92	-0.88	-0.97	-0.51	-0.94	-0.83	0.79	-0.96	-0.94	-0.98
Accounts Payable	0.73	0.63	0.88	0.97	0.87	0.99	0.87	0.54	-0.67	0.52	-0.63		0.95	0.84	0.88	0.83	0.7	0.75	0.64	-0.25	0.54	0.76	-0.74	0.47	0.59	0.74
Cash	0.84	0.72	0.96	0.98	0.95	0.97	0.95	0.62	-0.68	0.61	-0.72	0.95		0.93	0.97	0.76	0.83	0.89	0.7	-0.08	0.66	0.74	-0.88	0.6	0.7	0.82
Non Current Assets Total	0.98	0.87	0.95	0.86	1.0	0.85	1.0	0.8	-0.82	0.8	-0.89	0.84	0.93		0.96	0.75	0.96	0.97	0.85	0.26	0.89	0.82	-0.9	0.8	0.91	0.93
Non Currrent Assets Other	0.9	0.84	1.0	0.92	0.97	0.91	0.97	0.76	-0.79	0.76	-0.85	0.88	0.97	0.96		0.79	0.89	0.93	0.82	0.1	0.76	0.74	-0.95	0.76	0.8	0.92
Other Assets	0.72	0.73	0.79	0.73	0.78	0.81	0.78	0.72	-0.9	0.68	-0.73	0.83	0.76	0.75	0.79		0.6	0.6	0.8	-0.05	0.6	0.66	-0.72	0.57	0.63	0.78
Long Term Debt	0.98	0.9	0.86	0.73	0.94	0.7	0.94	0.84	-0.77	0.86	-0.92	0.7	0.83	0.96	0.89	0.6		0.99	0.86	0.47	0.95	0.83	-0.83	0.89	0.96	0.92
Cash And Short Term Investments	0.96	0.86	0.91	0.81	0.96	0.76	0.96	0.79	-0.72	0.81	-0.88	0.75	0.89	0.97	0.93	0.6	0.99		0.81	0.36	0.89	0.79	-0.88	0.84	0.91	0.91
Net Receivables	0.89	0.99	0.8	0.6	0.83	0.62	0.83	0.99	-0.95	0.98	-0.97	0.64	0.7	0.85	0.82	0.8	0.86	0.81		0.48	0.88	0.82	-0.76	0.94	0.89	0.98
Common Stock Shares Outstanding	0.44	0.53	0.07	-0.24	0.19	-0.27	0.19	0.59	-0.35	0.62	-0.51	-0.25	-0.08	0.26	0.1	-0.05	0.47	0.36	0.48		0.65	0.26	-0.18	0.67	0.61	0.41
Non Current Liabilities Total	0.96	0.9	0.74	0.53	0.85	0.53	0.85	0.89	-0.83	0.9	-0.94	0.54	0.66	0.89	0.76	0.6	0.95	0.89	0.88	0.65		0.77	-0.75	0.9	1.0	0.89
Inventory	0.82	0.83	0.69	0.71	0.8	0.69	0.8	0.78	-0.75	0.79	-0.83	0.76	0.74	0.82	0.74	0.66	0.83	0.79	0.82	0.26	0.77		-0.53	0.76	0.79	0.85
Other Current Assets	-0.86	-0.78	-0.96	-0.8	-0.91	-0.8	-0.91	-0.72	0.75	-0.71	0.79	-0.74	-0.88	-0.9	-0.95	-0.72	-0.83	-0.88	-0.76	-0.18	-0.75	-0.53		-0.73	-0.77	-0.85
Other Stockholder Equity	0.87	0.98	0.73	0.49	0.76	0.46	0.76	0.97	-0.83	0.99	-0.96	0.47	0.6	0.8	0.76	0.57	0.89	0.84	0.94	0.67	0.9	0.76	-0.73		0.9	0.94
Total Liab	0.98	0.91	0.77	0.58	0.88	0.58	0.88	0.89	-0.84	0.9	-0.94	0.59	0.7	0.91	0.8	0.63	0.96	0.91	0.89	0.61	1.0	0.79	-0.77	0.9		0.91
Net Invested Capital	0.94	0.99	0.89	0.73	0.91	0.73	0.91	0.96	-0.91	0.96	-0.98	0.74	0.82	0.93	0.92	0.78	0.92	0.91	0.98	0.41	0.89	0.85	-0.85	0.94	0.91

Click cells to compare fundamentals

Affirm Holdings Account Relationship Matchups

Affirm Holdings fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	1.4B	4.9B	7.0B	8.2B	9.4B	5.0B
Short Long Term Debt Total	917.1M	1.9B	4.1B	5.5B	6.3B	6.6B
Other Current Liab	(878.7M)	320.7M	244.3M	117.5M	135.1M	141.8M
Total Current Liabilities	36.3M	378.5M	277.3M	146.1M	168.0M	188.7M
Total Stockholder Equity	(367.1M)	2.6B	2.6B	2.5B	2.9B	1.6B
Other Liab	11.7M	195.3M	104.5M	77.6M	89.3M	87.4M
Net Tangible Assets	(367.1M)	2.0B	2.0B	2.0B	2.3B	1.2B
Property Plant And Equipment Net	48.1M	62.5M	171.5M	320.3M	368.4M	386.8M
Current Deferred Revenue	4.5M	(104.2M)	(16.4M)	(218.7M)	(196.9M)	(187.0M)
Net Debt	650.1M	440.8M	2.8B	4.6B	5.2B	5.5B
Retained Earnings	(447.2M)	(888.4M)	(1.6B)	(2.6B)	(2.3B)	(2.2B)
Accounts Payable	18.4M	57.8M	33.1M	28.6M	32.9M	32.7M
Cash	267.1M	1.5B	1.3B	892.0M	1.0B	924.3M
Non Current Assets Total	61.9M	1.1B	1.3B	1.3B	1.5B	858.2M
Non Currrent Assets Other	(925.4M)	502.1M	501.6M	296.8M	341.3M	358.4M
Other Assets	13.8M	502.1M	25K	347.3M	399.4M	419.4M
Long Term Debt	892.1M	1.9B	4.1B	3.6B	4.1B	2.4B
Cash And Short Term Investments	267.1M	1.5B	2.9B	2.1B	2.4B	1.5B
Net Receivables	1.0B	2.0B	2.5B	4.4B	5.1B	5.3B
Liabilities And Stockholders Equity	1.4B	4.9B	7.0B	8.2B	9.4B	5.0B
Non Current Liabilities Total	1.7B	1.9B	4.1B	5.5B	6.3B	3.2B
Other Current Assets	943.6M	397.9M	368.3M	403.6M	363.3M	445.8M
Other Stockholder Equity	(723.8M)	(1.4B)	4.2B	5.1B	5.9B	6.2B
Total Liab	1.8B	2.3B	4.4B	5.6B	6.5B	3.4B
Net Invested Capital	550.1M	4.5B	6.7B	7.9B	9.1B	9.6B
Long Term Investments	939.2M	11.3M	1.6B	1.2B	1.4B	966.3M
Property Plant And Equipment Gross	48.1M	120.3M	171.5M	444.4M	511.0M	536.6M
Total Current Assets	1.3B	3.7B	5.6B	6.9B	7.9B	4.1B
Accumulated Other Comprehensive Income	(302K)	6.8M	(7.1M)	(15.4M)	(13.9M)	(13.2M)
Non Current Liabilities Other	7.2M	195.3M	71.4M	53.9M	61.9M	73.3M
Net Working Capital	1.3B	3.3B	5.4B	6.7B	7.7B	3.9B
Short Term Debt	892.1M	104.2M	16.4M	218.7M	196.9M	288.1M
Property Plant Equipment	48.1M	62.5M	171.5M	290.1M	333.7M	350.3M

Pair Trading with Affirm Holdings

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 Affirm Holdings 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 Affirm Holdings will appreciate offsetting losses from the drop in the long position's value.

Moving together with Affirm Stock

0.85

SentinelOne Financial Report 6th of June 2024

Pair Corr

Moving against Affirm Stock

0.74	GB	Global Blue Group	Pair Corr
0.7	NN	Nextnav Acquisition Corp Earnings Call This Week	Pair Corr
0.67	DTSS	Datasea	Pair Corr
0.57	VERI	Veritone Earnings Call This Week	Pair Corr

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

The correlation of Affirm Holdings 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 Affirm Holdings moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Affirm Holdings 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 Affirm Holdings 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 Affirm Holdings is a strong investment it is important to analyze Affirm Holdings' 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 Affirm Holdings' future performance. For an informed investment choice regarding Affirm Stock, refer to the following important reports:

How To Invest In Affirm

Details

Is Affirm Stock a good investment?

Details

What is Affirm Holdings' Net Worth?

Details

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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Affirm Holdings. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area.

To learn how to invest in Affirm Stock, please use our How to Invest in Affirm Holdings guide.

You can also try the Commodity Channel module to use Commodity Channel Index to analyze current equity momentum.

Complementary Tools for Affirm Stock analysis

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

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Is Affirm Holdings' 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 Affirm Holdings. If investors know Affirm 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 Affirm Holdings listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Earnings Share

(2.49)

Revenue Per Share

6.338

Quarterly Revenue Growth

0.479

Return On Assets

(0.07)

Return On Equity

(0.29)

The market value of Affirm Holdings is measured differently than its book value, which is the value of Affirm that is recorded on the company's balance sheet. Investors also form their own opinion of Affirm Holdings' value that differs from its market value or its book value, called intrinsic value, which is Affirm Holdings' 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 Affirm Holdings' market value can be influenced by many factors that don't directly affect Affirm Holdings' 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 Affirm Holdings' value and its price as these two are different measures arrived at by different means. Investors typically determine if Affirm Holdings is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Affirm Holdings' 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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Affirm Ebit vs Income Tax Expense Analysis

Ebit vs Income Tax Expense

Ebit vs Income Tax Expense Correlation Analysis

Correlation Coefficient

Ebit

Income Tax Expense

Affirm Holdings fundamental ratios Correlations

Affirm Holdings Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Affirm Holdings fundamental ratios Accounts

Pair Trading with Affirm Holdings

Moving together with Affirm Stock

Moving against Affirm Stock

Complementary Tools for Affirm Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Currrent Assets Other	+ 1.0	Other Current Liab
Net Tangible Assets	+ 1.0	Total Stockholder Equity
Non Current Assets Total	+ 1.0	Total Stockholder Equity
Non Current Assets Total	+ 1.0	Net Tangible Assets
Net Debt	+ 1.0	Property Plant And Equipment Net
Total Liab	+ 1.0	Non Current Liabilities Total

Net Invested Capital	- 0.98	Retained Earnings
Retained Earnings	- 0.98	Short Long Term Debt Total
Net Receivables	- 0.97	Retained Earnings
Retained Earnings	- 0.97	Net Debt
Retained Earnings	- 0.97	Property Plant And Equipment Net
Other Stockholder Equity	- 0.96	Retained Earnings