Itron Net Income vs Interest Coverage Analysis

ITRI Stock  USD 91.54  2.17  2.43%   
Itron financial indicator trend analysis is infinitely more than just investigating Itron Inc recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Itron Inc is a good investment. Please check the relationship between Itron Net Income and its Interest Coverage accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Itron Inc. 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.

Net Income vs Interest Coverage

Net Income vs Interest Coverage Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Itron Inc Net Income account and Interest Coverage. At this time, the significance of the direction appears to have strong relationship.
The correlation between Itron's Net Income and Interest Coverage is 0.74. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Interest Coverage in the same time period over historical financial statements of Itron Inc, assuming nothing else is changed. The correlation between historical values of Itron's Net Income and Interest Coverage 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 Itron Inc are associated (or correlated) with its Interest Coverage. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Interest Coverage has no effect on the direction of Net Income i.e., Itron's Net Income and Interest Coverage go up and down completely randomly.

Correlation Coefficient

0.74
Relationship DirectionPositive 
Relationship StrengthSignificant

Net Income

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

Interest Coverage

Most indicators from Itron's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Itron Inc 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Itron Inc. 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.
The Itron's current Selling General Administrative is estimated to increase to about 324.4 M, while Tax Provision is projected to decrease to under 10.3 M.
 2021 2022 2023 2024 (projected)
Gross Profit573.2M522.2M695.0M440.6M
Total Revenue2.0B1.8B2.2B1.4B

Itron fundamental ratios Correlations

0.820.520.940.610.810.7-0.740.870.50.990.160.50.790.880.880.690.730.050.920.370.940.430.440.670.87
0.820.320.810.260.710.98-0.450.810.310.840.180.310.720.490.990.50.650.020.960.230.690.450.430.350.46
0.520.320.640.260.530.24-0.540.530.210.410.180.210.670.660.380.410.30.120.470.170.690.52-0.30.330.51
0.940.810.640.440.860.73-0.730.940.330.90.180.330.920.860.870.630.610.060.940.250.940.570.440.540.79
0.610.260.260.440.410.12-0.670.350.880.620.020.880.280.690.320.840.740.010.370.790.55-0.020.150.960.75
0.810.710.530.860.410.67-0.60.830.230.780.080.230.890.750.770.480.580.220.820.190.810.70.480.430.62
0.70.980.240.730.120.67-0.340.760.160.730.150.160.680.350.950.390.540.040.90.120.560.510.440.210.29
-0.74-0.45-0.54-0.73-0.67-0.6-0.34-0.56-0.55-0.72-0.01-0.55-0.57-0.88-0.53-0.68-0.670.11-0.61-0.35-0.72-0.11-0.29-0.8-0.88
0.870.810.530.940.350.830.76-0.560.220.830.310.220.920.740.840.580.450.160.90.140.860.650.420.410.65
0.50.310.210.330.880.230.16-0.550.220.490.131.00.170.510.340.870.82-0.150.350.90.48-0.29-0.010.90.57
0.990.840.410.90.620.780.73-0.720.830.490.130.490.720.820.890.650.730.050.920.350.860.40.490.660.84
0.160.180.180.180.020.080.15-0.010.310.130.130.130.290.160.180.11-0.130.050.19-0.060.21-0.05-0.060.040.1
0.50.310.210.330.880.230.16-0.550.221.00.490.130.170.510.340.870.82-0.150.350.90.48-0.29-0.010.90.57
0.790.720.670.920.280.890.68-0.570.920.170.720.290.170.760.780.510.450.080.850.140.870.690.360.370.6
0.880.490.660.860.690.750.35-0.880.740.510.820.160.510.760.60.680.610.00.70.340.920.330.290.750.96
0.880.990.380.870.320.770.95-0.530.840.340.890.180.340.780.60.540.680.020.990.250.770.470.460.420.56
0.690.50.410.630.840.480.39-0.680.580.870.650.110.870.510.680.540.81-0.040.590.830.690.080.110.90.68
0.730.650.30.610.740.580.54-0.670.450.820.73-0.130.820.450.610.680.81-0.220.680.760.650.040.290.820.64
0.050.020.120.060.010.220.040.110.16-0.150.050.05-0.150.080.00.02-0.04-0.220.03-0.050.040.43-0.04-0.11-0.05
0.920.960.470.940.370.820.9-0.610.90.350.920.190.350.850.70.990.590.680.030.260.850.520.470.470.65
0.370.230.170.250.790.190.12-0.350.140.90.35-0.060.90.140.340.250.830.76-0.050.260.38-0.150.010.790.38
0.940.690.690.940.550.810.56-0.720.860.480.860.210.480.870.920.770.690.650.040.850.380.450.290.620.85
0.430.450.520.57-0.020.70.51-0.110.65-0.290.4-0.05-0.290.690.330.470.080.040.430.52-0.150.450.17-0.080.16
0.440.43-0.30.440.150.480.44-0.290.42-0.010.49-0.06-0.010.360.290.460.110.29-0.040.470.010.290.170.20.33
0.670.350.330.540.960.430.21-0.80.410.90.660.040.90.370.750.420.90.82-0.110.470.790.62-0.080.20.8
0.870.460.510.790.750.620.29-0.880.650.570.840.10.570.60.960.560.680.64-0.050.650.380.850.160.330.8
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Itron Account Relationship Matchups

Itron fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets2.7B2.6B2.4B2.4B2.6B1.6B
Short Long Term Debt Total1.0B987.8M507.5M515.1M502.5M458.4M
Other Current Liab102.3M203.0M99.7M147.6M198.5M117.8M
Total Current Liabilities671.4M549.9M501.3M498.6M537.2M340.4M
Total Stockholder Equity776.5M816.5M1.1B1.2B1.3B1.4B
Property Plant And Equipment Net313.0M284.1M228.7M192.9M170.0M175.1M
Net Debt851.5M780.8M345.0M313.1M200.4M346.7M
Retained Earnings(376.4M)(434.3M)(515.6M)(525.3M)(428.4M)(407.0M)
Accounts Payable328.1M215.6M193.1M237.2M199.5M150.1M
Cash149.9M206.9M162.6M202.0M302.0M317.2M
Non Current Assets Total1.7B1.7B1.6B1.5B1.6B997.7M
Non Currrent Assets Other41.8M51.7M42.2M39.9M38.8M40.1M
Cash And Short Term Investments149.9M206.9M162.6M202.0M302.0M317.2M
Net Receivables472.9M369.8M298.5M280.4M303.8M245.9M
Common Stock Shares Outstanding40.0M40.3M44.3M45.1M45.8M32.4M
Liabilities And Stockholders Equity2.7B2.6B2.4B2.4B2.6B1.6B
Non Current Liabilities Total1.2B1.2B749.7M688.0M735.6M578.6M
Inventory227.9M182.4M165.8M228.7M283.7M297.9M
Other Current Assets146.5M171.1M123.1M118.4M159.9M167.9M
Other Stockholder Equity24.6M24.2M26.7M(94.7M)(85.2M)(80.9M)
Total Liab1.9B1.8B1.3B1.2B1.3B919.0M
Property Plant And Equipment Gross313.0M284.1M228.7M192.9M644.1M676.3M
Total Current Assets997.3M930.3M749.9M829.6M1.0B570.9M
Intangible Assets185.1M133.0M92.5M64.9M46.3M44.0M
Accumulated Other Comprehensive Income(204.7M)(138.5M)(148.1M)(94.7M)(81.2M)(85.2M)
Short Term Debt141.4M18.4M125.7M18.2M15.0M14.2M
Common Stock Total Equity1.3B1.4B1.4B1.8B2.0B2.1B
Common Stock1.4B1.4B1.8B1.8B1.8B1.1B
Other Liab234.2M247.5M242.1M191.1M219.7M156.2M
Other Assets108.6M204.1M223.7M251.9M1.00.95
Long Term Debt932.5M902.6M450.2M452.5M454.8M542.3M
Property Plant Equipment233.2M207.8M228.7M192.9M221.9M203.8M
Current Deferred Revenue99.6M112.9M82.8M95.6M124.2M130.4M
Good Will1.1B1.1B1.1B1.0B1.1B798.4M
Net Tangible Assets(512.5M)(448.3M)(75.4M)64.8M58.3M61.2M
Noncontrolling Interest In Consolidated Entity21.4M24.3M23.7M26.7M30.7M18.7M
Retained Earnings Total Equity(425.4M)(376.4M)(434.3M)(515.6M)(464.0M)(487.2M)
Long Term Debt Total988.2M932.5M902.6M450.2M517.8M585.1M

Itron Investors Sentiment

The influence of Itron's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Itron. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Itron's public news can be used to forecast risks associated with an investment in Itron. The trend in average sentiment can be used to explain how an investor holding Itron can time the market purely based on public headlines and social activities around Itron Inc. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Itron's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Itron's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Itron's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Itron.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Itron in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Itron's short interest history, or implied volatility extrapolated from Itron options trading.

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When determining whether Itron Inc offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Itron's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Itron Inc Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Itron Inc Stock:
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Itron Inc. 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.
You can also try the Latest Portfolios module to quick portfolio dashboard that showcases your latest portfolios.

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Is Itron'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 Itron. If investors know Itron 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 Itron 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
0.969
Earnings Share
2.11
Revenue Per Share
47.855
Quarterly Revenue Growth
0.235
Return On Assets
0.0429
The market value of Itron Inc is measured differently than its book value, which is the value of Itron that is recorded on the company's balance sheet. Investors also form their own opinion of Itron's value that differs from its market value or its book value, called intrinsic value, which is Itron'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 Itron's market value can be influenced by many factors that don't directly affect Itron'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 Itron's value and its price as these two are different measures arrived at by different means. Investors typically determine if Itron is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Itron'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.