Cal Net Income vs Interest Expense Analysis

CALM Stock  USD 58.62  0.84  1.41%   
Cal Maine financial indicator trend analysis is way more than just evaluating Cal-Maine Foods prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Cal-Maine Foods is a good investment. Please check the relationship between Cal Maine Net Income and its Interest Expense accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cal Maine Foods. 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 economic analysis.

Net Income vs Interest Expense

Net Income vs Interest Expense Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Cal-Maine Foods Net Income account and Interest Expense. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Cal Maine's Net Income and Interest Expense is -0.21. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Interest Expense in the same time period over historical financial statements of Cal Maine Foods, assuming nothing else is changed. The correlation between historical values of Cal Maine's Net Income and Interest 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 Net Income of Cal Maine Foods are associated (or correlated) with its Interest Expense. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Interest Expense has no effect on the direction of Net Income i.e., Cal Maine's Net Income and Interest Expense go up and down completely randomly.

Correlation Coefficient

-0.21
Relationship DirectionNegative 
Relationship StrengthInsignificant

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in Cal-Maine Foods financial statement analysis. It represents the amount of money remaining after all of Cal Maine Foods operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

Interest Expense

The cost incurred by an entity for borrowed funds, including loans, bonds, or lines of credit.
Most indicators from Cal Maine's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Cal-Maine Foods 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 Cal Maine Foods. 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 economic analysis.
As of the 28th of March 2024, Tax Provision is likely to grow to about 292 M, while Selling General Administrative is likely to drop about 91.2 M.
 2021 2022 2023 2024 (projected)
Gross Profit337.1M1.2B1.4B1.4B
Total Revenue1.8B3.1B3.6B3.8B

Cal Maine fundamental ratios Correlations

-0.730.750.791.00.97-0.931.00.320.890.96-0.170.90.9-0.570.790.98-0.410.38-0.130.940.98-0.540.570.560.94
-0.73-0.24-0.26-0.77-0.820.66-0.77-0.2-0.47-0.860.39-0.47-0.640.38-0.55-0.720.68-0.430.26-0.65-0.590.73-0.79-0.8-0.79
0.75-0.240.980.70.68-0.670.710.430.740.620.140.730.83-0.460.620.79-0.140.19-0.070.820.8-0.290.170.150.7
0.79-0.260.980.740.73-0.720.740.410.790.670.10.760.85-0.520.680.82-0.080.16-0.080.840.84-0.270.20.190.73
1.0-0.770.70.740.97-0.931.00.310.880.97-0.190.90.88-0.560.780.97-0.450.39-0.130.920.97-0.560.60.60.94
0.97-0.820.680.730.97-0.880.970.290.810.99-0.170.780.93-0.530.80.98-0.50.44-0.180.940.9-0.660.620.620.95
-0.930.66-0.67-0.72-0.93-0.88-0.93-0.17-0.96-0.860.27-0.89-0.790.36-0.79-0.880.41-0.480.34-0.9-0.930.62-0.43-0.43-0.8
1.0-0.770.710.741.00.97-0.930.310.880.96-0.190.90.88-0.560.780.97-0.440.39-0.130.920.97-0.560.60.590.94
0.32-0.20.430.410.310.29-0.170.310.10.320.280.260.31-0.710.310.34-0.06-0.50.250.20.30.030.520.510.46
0.89-0.470.740.790.880.81-0.960.880.10.77-0.190.930.75-0.30.730.84-0.290.49-0.290.890.94-0.50.230.230.72
0.96-0.860.620.670.970.99-0.860.960.320.77-0.210.750.9-0.580.770.96-0.50.39-0.170.90.88-0.660.680.680.97
-0.170.390.140.1-0.19-0.170.27-0.190.28-0.19-0.21-0.13-0.07-0.04-0.21-0.140.14-0.220.27-0.16-0.130.23-0.16-0.15-0.12
0.9-0.470.730.760.90.78-0.890.90.260.930.75-0.130.7-0.470.660.82-0.240.3-0.060.810.96-0.290.370.360.76
0.9-0.640.830.850.880.93-0.790.880.310.750.9-0.070.7-0.510.830.96-0.360.37-0.060.960.86-0.550.490.480.9
-0.570.38-0.46-0.52-0.56-0.530.36-0.56-0.71-0.3-0.58-0.04-0.47-0.51-0.47-0.57-0.170.49-0.29-0.37-0.53-0.02-0.6-0.58-0.72
0.79-0.550.620.680.780.8-0.790.780.310.730.77-0.210.660.83-0.470.81-0.190.160.00.810.77-0.410.550.550.74
0.98-0.720.790.820.970.98-0.880.970.340.840.96-0.140.820.96-0.570.81-0.440.38-0.150.960.94-0.580.540.530.95
-0.410.68-0.14-0.08-0.45-0.50.41-0.44-0.06-0.29-0.50.14-0.24-0.36-0.17-0.19-0.44-0.710.41-0.45-0.320.71-0.32-0.34-0.38
0.38-0.430.190.160.390.44-0.480.39-0.50.490.39-0.220.30.370.490.160.38-0.71-0.510.530.36-0.68-0.08-0.060.21
-0.130.26-0.07-0.08-0.13-0.180.34-0.130.25-0.29-0.170.27-0.06-0.06-0.290.0-0.150.41-0.51-0.21-0.090.680.090.09-0.05
0.94-0.650.820.840.920.94-0.90.920.20.890.9-0.160.810.96-0.370.810.96-0.450.53-0.210.92-0.610.410.410.86
0.98-0.590.80.840.970.9-0.930.970.30.940.88-0.130.960.86-0.530.770.94-0.320.36-0.090.92-0.420.450.450.88
-0.540.73-0.29-0.27-0.56-0.660.62-0.560.03-0.5-0.660.23-0.29-0.55-0.02-0.41-0.580.71-0.680.68-0.61-0.42-0.34-0.35-0.54
0.57-0.790.170.20.60.62-0.430.60.520.230.68-0.160.370.49-0.60.550.54-0.32-0.080.090.410.45-0.341.00.68
0.56-0.80.150.190.60.62-0.430.590.510.230.68-0.150.360.48-0.580.550.53-0.34-0.060.090.410.45-0.351.00.67
0.94-0.790.70.730.940.95-0.80.940.460.720.97-0.120.760.9-0.720.740.95-0.380.21-0.050.860.88-0.540.680.67
Click cells to compare fundamentals

Cal Maine Account Relationship Matchups

Cal Maine fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets1.2B1.2B1.4B2.0B2.2B2.4B
Short Long Term Debt Total2.3M3.4M2.4M1.4M1.3M1.2M
Other Current Liab36.3M36.4M101.9M100.1M115.2M120.9M
Total Current Liabilities93.2M90.1M184.7M182.7M210.1M220.6M
Total Stockholder Equity1.0B1.0B1.1B1.6B1.9B1.9B
Property Plant And Equipment Net557.4M591.7M679.2M744.5M856.2M899.0M
Net Debt(74.7M)(55.0M)(57.6M)(292.8M)(263.5M)(250.4M)
Retained Earnings975.1M976.0M1.1B1.6B1.8B1.9B
Accounts Payable92.2M52.8M82.0M82.6M95.0M51.9M
Cash78.1M57.4M59.1M292.8M336.7M353.6M
Non Current Assets Total684.4M709.2M766.0M829.6M954.0M1.0B
Non Currrent Assets Other127.1M(6.1M)(688K)1.5M1.7M1.6M
Cash And Short Term Investments232.3M169.5M174.5M647.9M745.1M782.4M
Net Receivables98.4M126.6M219.4M187.2M215.3M226.1M
Common Stock Shares Outstanding48.6M48.7M48.7M48.8M44.0M45.2M
Liabilities And Stockholders Equity1.2B1.2B1.4B2.0B2.2B2.4B
Non Current Liabilities Total103.8M126.3M138.5M162.2M186.5M121.7M
Inventory187.2M218.4M263.3M284.4M327.1M343.4M
Other Current Assets4.4M5.4M4.3M5.4M6.2M5.9M
Other Stockholder Equity33.7M36.6M39.5M42.1M37.9M59.6M
Total Liab197.0M216.4M323.1M344.9M396.7M358.8M
Property Plant And Equipment Gross560.6M591.7M1.4B1.5B1.7B1.8B
Total Current Assets522.3M519.9M661.5M1.1B1.3B1.4B
Accumulated Other Comprehensive Income79K(558K)(1.6M)(2.9M)(3.3M)(3.5M)
Short Term Debt1.7M1.0M906K696K626.4K595.1K
Intangible Assets22.8M20.3M18.1M15.9M18.3M12.4M
Other Liab90.7M101.4M124.8M137.7M158.4M166.3M
Other Assets2.0M1.8M2.7M5.4M6.2M4.2M
Treasury Stock(26.7M)(27.4M)(28.4M)(30.0M)(27.0M)(28.4M)
Property Plant Equipment560.6M591.7M677.8M744.5M856.2M899.0M
Short Term Investments154.2M112.2M115.4M355.1M408.4M428.8M
Net Tangible Assets951.3M956.9M1.0B1.6B1.8B938.4M
Noncontrolling Interest In Consolidated Entity2.3M3.2M(206K)(1.5M)(1.3M)(1.3M)
Retained Earnings Total Equity975.1M976.0M1.1B1.6B1.8B1.9B

Pair Trading with Cal Maine

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 Cal Maine 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 Cal Maine will appreciate offsetting losses from the drop in the long position's value.

Moving together with Cal Stock

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The ability to find closely correlated positions to Cal Maine could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cal Maine 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 Cal Maine - 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 Cal Maine Foods to buy it.
The correlation of Cal Maine 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 Cal Maine moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cal-Maine Foods 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 Cal Maine 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 CorrelationCorrelation Matching
When determining whether Cal-Maine Foods is a strong investment it is important to analyze Cal Maine's 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 Cal Maine's future performance. For an informed investment choice regarding Cal Stock, refer to the following important reports:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cal Maine Foods. 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 economic analysis.
You can also try the Insider Screener module to find insiders across different sectors to evaluate their impact on performance.

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When running Cal Maine's price analysis, check to measure Cal Maine's 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 Cal Maine is operating at the current time. Most of Cal Maine's value examination focuses on studying past and present price action to predict the probability of Cal Maine's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cal Maine's price. Additionally, you may evaluate how the addition of Cal Maine to your portfolios can decrease your overall portfolio volatility.
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Is Cal Maine's 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 Cal Maine. If investors know Cal 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 Cal Maine 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
(0.91)
Dividend Share
3.081
Earnings Share
9.26
Revenue Per Share
54.821
Quarterly Revenue Growth
(0.35)
The market value of Cal-Maine Foods is measured differently than its book value, which is the value of Cal that is recorded on the company's balance sheet. Investors also form their own opinion of Cal Maine's value that differs from its market value or its book value, called intrinsic value, which is Cal Maine's 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 Cal Maine's market value can be influenced by many factors that don't directly affect Cal Maine's 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 Cal Maine's value and its price as these two are different measures arrived at by different means. Investors typically determine if Cal Maine is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cal Maine's 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.