American Income Before Tax vs Other Operating Expenses Analysis
ACIC Stock | USD 13.17 0.30 2.23% |
American Coastal financial indicator trend analysis is way more than just evaluating American Coastal Ins prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether American Coastal Ins is a good investment. Please check the relationship between American Coastal Income Before Tax and its Other Operating Expenses accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in American Coastal Insurance. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.
Income Before Tax vs Other Operating Expenses
Income Before Tax vs Other Operating Expenses Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of American Coastal Ins Income Before Tax account and Other Operating Expenses. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between American Coastal's Income Before Tax and Other Operating Expenses is -0.62. Overlapping area represents the amount of variation of Income Before Tax that can explain the historical movement of Other Operating Expenses in the same time period over historical financial statements of American Coastal Insurance, assuming nothing else is changed. The correlation between historical values of American Coastal's Income Before Tax and Other Operating Expenses is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Income Before Tax of American Coastal Insurance are associated (or correlated) with its Other Operating Expenses. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Operating Expenses has no effect on the direction of Income Before Tax i.e., American Coastal's Income Before Tax and Other Operating Expenses go up and down completely randomly.
Correlation Coefficient | -0.62 |
Relationship Direction | Negative |
Relationship Strength | Weak |
Income Before Tax
Income Before Tax which can also be referred as pre-tax income is reported on American Coastal income statement and is an important metric when analyzing American Coastal Ins profitability. Accounting techniques because taxes can be complex, and not perfectly consistent from one company to company, an analyst may use pre-tax income as a more stable measure of profitability.Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of American Coastal Ins. It is also known as American Coastal overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.Most indicators from American Coastal's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into American Coastal Ins 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 American Coastal Insurance. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product. The current year's Selling General Administrative is expected to grow to about 43 M. The current year's Tax Provision is expected to grow to about 8.5 M
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 634.5M | 455.4M | 286.5M | 404.9M | Total Revenue | 634.5M | 455.4M | 286.5M | 404.9M |
American Coastal fundamental ratios Correlations
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American Coastal Account Relationship Matchups
High Positive Relationship
High Negative Relationship
American Coastal fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 2.5B | 2.8B | 2.7B | 2.8B | 572.7M | 544.0M | |
Short Long Term Debt Total | 170.3M | 160.4M | 158.7M | 154.6M | 149.5M | 90.7M | |
Other Current Liab | (244.7M) | (665.7M) | (324.9M) | (134.4M) | (75.6M) | (79.4M) | |
Total Current Liabilities | 244.7M | 11.0K | 324.9M | 134.4M | 75.6M | 104.5M | |
Total Stockholder Equity | 503.1M | 395.8M | 312.4M | (180.2M) | 168.8M | 217.0M | |
Other Liab | 461.8M | 124.3M | 153.8M | 238.2M | 273.9M | 140.0M | |
Net Debt | (56.2M) | (79.1M) | (53.5M) | (75.7M) | (4.3M) | (4.5M) | |
Retained Earnings | 100.4M | (6.6M) | (74.9M) | (544.4M) | (237.4M) | (225.5M) | |
Accounts Payable | 244.7M | 332.8M | 324.9M | 134.4M | 75.6M | 123.3M | |
Cash | 215.5M | 239.4M | 212.0M | 229.9M | 153.8M | 121.5M | |
Other Assets | (403.1M) | 1.8B | (77.9M) | 7.3M | 8.4M | 12.4M | |
Long Term Debt | 158.9M | 158.0M | 156.6M | 152.5M | 148.7M | 87.3M | |
Cash And Short Term Investments | 1.1B | 1.2B | 875.6M | 606.4M | 153.8M | 146.1M | |
Common Stock Shares Outstanding | 42.8M | 42.9M | 42.9M | 43.1M | 44.4M | 28.5M | |
Liabilities And Stockholders Equity | 2.5B | 2.8B | 2.7B | 2.8B | 572.7M | 544.0M | |
Non Current Liabilities Total | 159.3M | 160.4M | 158.5M | 154.2M | 892.4M | 937.0M | |
Other Stockholder Equity | 391.4M | (491.4M) | 393.8M | 395.2M | 423.3M | 444.5M | |
Total Liab | 1.9B | 2.4B | 2.4B | 3.0B | 403.9M | 383.7M | |
Total Current Assets | 1.7B | 1.4M | 2.0B | 2.3B | 228.4M | 217.0M | |
Accumulated Other Comprehensive Income | 11.3M | 9.7M | (6.5M) | (30.9M) | (17.1M) | (16.3M) | |
Property Plant Equipment | 32.7M | 34.2M | 31.6M | 19.6M | 22.5M | 13.6M | |
Property Plant And Equipment Net | 32.7M | 34.2M | 31.6M | 19.6M | 4.3M | 4.0M | |
Non Current Assets Total | 1.1B | 1.1B | 824.5M | 507.3M | 344.3M | 576.6M | |
Non Currrent Assets Other | (47.7M) | (35.4M) | (43.8M) | (21.9M) | 250.9M | 263.4M | |
Net Receivables | 636.7M | 908.5M | 1.1B | 1.7B | 388.4M | 422.7M | |
Short Term Investments | 884.9M | 940.0M | 663.6M | 376.5M | 7.2M | 6.8M | |
Other Current Assets | 476.4M | (499.6M) | 364.5M | 394.0M | 228.4M | 239.8M | |
Property Plant And Equipment Gross | 17.3M | 17.1M | 32.7M | 34.2M | 39.3M | 41.3M | |
Short Term Debt | 11.3M | 2.2M | 2.2M | 2.1M | 597K | 567.2K | |
Intangible Assets | 26.1M | 21.9M | 18.4M | 12.8M | 9.3M | 8.9M | |
Net Tangible Assets | 404.0M | 300.8M | 221.0M | (254.3M) | (292.4M) | (277.8M) | |
Noncontrolling Interest In Consolidated Entity | 20.1M | 20.7M | 21.8M | 19.6M | 22.5M | 23.6M | |
Retained Earnings Total Equity | 100.4M | (6.6M) | (74.9M) | (546.3M) | (491.7M) | (467.1M) | |
Long Term Debt Total | 158.9M | 158.0M | 156.6M | 152.5M | 175.3M | 98.6M | |
Capital Surpluse | 391.9M | 393.1M | 394.3M | 395.6M | 455.0M | 245.9M | |
Inventory | (476.4M) | (1.6B) | (364.5M) | (394.0M) | (722.8M) | (686.7M) |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether American Coastal Ins offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of American Coastal'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 American Coastal Insurance Stock. Outlined below are crucial reports that will aid in making a well-informed decision on American Coastal Insurance Stock:Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in American Coastal Insurance. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product. You can also try the Top Crypto Exchanges module to search and analyze digital assets across top global cryptocurrency exchanges.
Is Property & Casualty Insurance space 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 American Coastal. If investors know American 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 American Coastal listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share 1.76 | Revenue Per Share 6.188 | Quarterly Revenue Growth (0.23) | Return On Assets 0.0641 | Return On Equity 0.4462 |
The market value of American Coastal Ins is measured differently than its book value, which is the value of American that is recorded on the company's balance sheet. Investors also form their own opinion of American Coastal's value that differs from its market value or its book value, called intrinsic value, which is American Coastal'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 American Coastal's market value can be influenced by many factors that don't directly affect American Coastal'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 American Coastal's value and its price as these two are different measures arrived at by different means. Investors typically determine if American Coastal is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, American Coastal'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.