BlackLine Average Equity vs Earnings Before Interest Taxes and Depreciation Amortization EBITDA Analysis

BL -- USA Stock  

Quarterly Earning Report: November 6, 2019  

BlackLine financial indicator trend analysis is way more than just evaluating BlackLine prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether BlackLine is a good investment. Please check the relationship between BlackLine Average Equity and its Earnings Before Interest Taxes and Depreciation Amortization EBITDA accounts. Check also Trending Equities.

Average Equity vs Earnings Before Interest Taxes and Depreciation Amortization EBITDA

Accounts Relationship

Average Equity vs Earnings Before Interest Taxes and Depreciation Amortization EBITDA

Significance: Strong Relationship

Average Equity diversification synergy
Overlapping area represents amount of trend that can be explained by analyzing historical patterns of BlackLine Average Equity account and Earnings Before Interest Taxes and Depreciation Amortization EBITDA

Correlation Coefficient

0.78
Relationship DirectionPositive 
Relationship StrengthSignificant

Average Equity

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

Earnings Before Interest Taxes and Depreciation Amortization EBITDA

EBITDA is a non-GAAP accounting metric that is widely used when assessing the performance of companies; calculated by adding [DepAmor] back to Earning Before Interest and Taxes EBIT.
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