Data Minority Interest vs Income Tax Expense Analysis

DTSTW Stock  USD 0.36  0.26  41.94%   
Data Storage financial indicator trend analysis is much more than just examining Data Storage latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Data Storage is a good investment. Please check the relationship between Data Storage Minority Interest and its Income Tax Expense accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Data Storage. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.
For more information on how to buy Data Stock please use our How to Invest in Data Storage guide.

Minority Interest vs Income Tax Expense

Minority Interest vs Income Tax Expense Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Data Storage Minority Interest account and Income Tax Expense. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Data Storage's Minority Interest and Income Tax Expense is -0.27. Overlapping area represents the amount of variation of Minority Interest that can explain the historical movement of Income Tax Expense in the same time period over historical financial statements of Data Storage, assuming nothing else is changed. The correlation between historical values of Data Storage's Minority Interest 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 Minority Interest of Data Storage 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 Minority Interest i.e., Data Storage's Minority Interest and Income Tax Expense go up and down completely randomly.

Correlation Coefficient

-0.27
Relationship DirectionNegative 
Relationship StrengthInsignificant

Minority Interest

Minority Interest is the portion of a subsidiary corporation stock that is not owned by the parent corporation. The magnitude of the minority interest in the subsidiary company is generally less than 50% of outstanding shares, otherwise the corporation would generally cease to be a subsidiary of the parent. Minority Interest can also be called non-controlling interest.All shareholders of Data Storage whose combined shares represent less than 50% of the total outstanding shares issued by Data Storage have a minority interest in Data Storage.

Income Tax Expense

Most indicators from Data Storage's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Data Storage 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Data Storage. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.
For more information on how to buy Data Stock please use our How to Invest in Data Storage guide.At this time, Data Storage's Tax Provision is fairly stable compared to the past year. Sales General And Administrative To Revenue is likely to climb to 0.36 in 2024, whereas Selling General Administrative is likely to drop slightly above 4.8 M in 2024.
 2021 2022 2023 2024 (projected)
Interest Expense126.7K130.1K74.5K70.8K
Depreciation And Amortization1.4M1.4M1.3M760.9K

Data Storage fundamental ratios Correlations

0.710.290.990.63-0.69-0.690.820.650.820.370.980.80.95-0.760.85-0.070.99-0.43-0.23-0.240.070.850.790.94-0.02
0.710.260.710.47-0.21-0.690.680.120.440.120.750.220.78-0.70.50.010.7-0.24-0.28-0.050.020.390.450.76-0.68
0.290.260.20.450.17-0.770.530.00.530.240.160.360.34-0.290.50.830.20.360.530.520.660.290.520.1-0.02
0.990.710.20.59-0.73-0.630.790.650.790.360.990.780.93-0.780.82-0.170.99-0.47-0.31-0.28-0.020.840.770.95-0.03
0.630.470.450.59-0.29-0.520.450.390.80.50.540.560.69-0.240.640.30.560.010.25-0.220.330.680.580.470.03
-0.69-0.210.17-0.73-0.290.12-0.25-0.95-0.64-0.45-0.68-0.61-0.520.44-0.580.44-0.690.480.290.250.11-0.72-0.68-0.73-0.38
-0.69-0.69-0.77-0.63-0.520.12-0.77-0.19-0.67-0.18-0.62-0.54-0.790.63-0.75-0.49-0.63-0.14-0.21-0.17-0.45-0.5-0.71-0.550.31
0.820.680.530.790.45-0.25-0.770.170.60.20.80.690.79-0.830.730.130.82-0.32-0.290.050.00.640.590.72-0.17
0.650.120.00.650.39-0.95-0.190.170.730.480.590.620.5-0.30.61-0.20.61-0.310.03-0.220.180.720.740.640.47
0.820.440.530.790.8-0.64-0.670.60.730.60.710.790.79-0.530.920.180.74-0.060.16-0.040.30.90.940.680.2
0.370.120.240.360.5-0.45-0.180.20.480.60.240.30.33-0.320.330.050.260.160.020.320.050.560.520.30.23
0.980.750.160.990.54-0.68-0.620.80.590.710.240.730.92-0.770.78-0.21.0-0.55-0.36-0.32-0.040.790.690.96-0.1
0.80.220.360.780.56-0.61-0.540.690.620.790.30.730.72-0.530.850.020.79-0.27-0.05-0.260.090.830.730.60.46
0.950.780.340.930.69-0.52-0.790.790.50.790.330.920.72-0.720.820.020.92-0.21-0.11-0.290.150.760.750.86-0.18
-0.76-0.7-0.29-0.78-0.240.440.63-0.83-0.3-0.53-0.32-0.77-0.53-0.72-0.660.22-0.770.220.5-0.140.2-0.55-0.65-0.790.3
0.850.50.50.820.64-0.58-0.750.730.610.920.330.780.850.82-0.660.070.81-0.170.0-0.120.160.880.910.720.11
-0.070.010.83-0.170.30.44-0.490.13-0.20.180.05-0.20.020.020.220.07-0.160.440.770.450.81-0.060.11-0.260.02
0.990.70.20.990.56-0.69-0.630.820.610.740.261.00.790.92-0.770.81-0.16-0.52-0.33-0.31-0.020.820.720.94-0.03
-0.43-0.240.36-0.470.010.48-0.14-0.32-0.31-0.060.16-0.55-0.27-0.210.22-0.170.44-0.520.570.40.36-0.39-0.01-0.52-0.14
-0.23-0.280.53-0.310.250.29-0.21-0.290.030.160.02-0.36-0.05-0.110.50.00.77-0.330.570.110.88-0.110.09-0.360.19
-0.24-0.050.52-0.28-0.220.25-0.170.05-0.22-0.040.32-0.32-0.26-0.29-0.14-0.120.45-0.310.40.110.16-0.20.11-0.25-0.11
0.070.020.66-0.020.330.11-0.450.00.180.30.05-0.040.090.150.20.160.81-0.020.360.880.160.030.27-0.040.09
0.850.390.290.840.68-0.72-0.50.640.720.90.560.790.830.76-0.550.88-0.060.82-0.39-0.11-0.20.030.790.730.31
0.790.450.520.770.58-0.68-0.710.590.740.940.520.690.730.75-0.650.910.110.72-0.010.090.110.270.790.710.11
0.940.760.10.950.47-0.73-0.550.720.640.680.30.960.60.86-0.790.72-0.260.94-0.52-0.36-0.25-0.040.730.71-0.18
-0.02-0.68-0.02-0.030.03-0.380.31-0.170.470.20.23-0.10.46-0.180.30.110.02-0.03-0.140.19-0.110.090.310.11-0.18
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Data Storage Account Relationship Matchups

Data Storage fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets7.3M7.8M26.3M24.1M23.3M24.5M
Other Current Liab971.0K1.1M1.1M880.5K3.1M3.3M
Total Current Liabilities3.7M4.4M3.0M4.5M3.5M3.2M
Total Stockholder Equity1.8M2.0M22.7M19.1M20.0M21.0M
Property Plant And Equipment Net2.5M2.5M2.4M2.4M2.8M1.5M
Net Debt3.0M2.4M(10.1M)(636.3K)(827.3K)(785.9K)
Retained Earnings(15.8M)(15.7M)(15.5M)(19.9M)(19.5M)(20.5M)
Accounts Payable906.7K979.6K1.3M3.2M2.6M2.7M
Cash326.6K893.6K12.1M2.3M1.4M1.2M
Non Current Assets Total6.2M6.1M11.3M8.7M8.8M5.3M
Cash And Short Term Investments326.6K893.6K12.1M11.3M12.7M13.4M
Net Receivables691.4K554.6K2.4M3.5M1.3M752.7K
Common Stock Shares Outstanding3.2M3.4M6.3M6.8M7.2M7.6M
Liabilities And Stockholders Equity7.3M7.8M26.3M24.1M23.3M24.5M
Non Current Liabilities Total1.9M1.5M748.4K609.3K37.9K36.0K
Other Stockholder Equity17.5M17.6M38.2M39.0M39.5M20.0M
Total Liab5.6M5.8M3.7M5.1M3.5M4.4M
Total Current Assets1.1M1.7M15.1M15.4M14.5M15.2M
Common Stock128.4K128.5K6.7K6.8K6.9K6.5K
Short Long Term Debt Total3.3M3.3M2.0M1.7M601.5K571.4K
Current Deferred Revenue432.9K461.9K366.9K281.1K336.2K500.9K
Short Term Debt1.4M1.8M1.3M1.0M563.5K1.0M
Intangible Assets649.9K455.9K2.3M2.0M1.7M968.8K
Other Current Assets80.7K239.5K1.0M584.7K984.0K1.0M
Capital Surpluse17.4M17.4M17.5M17.6M20.3M19.2M
Property Plant Equipment1.6M1.3M2.5M2.5M2.9M1.8M
Capital Lease Obligations2.9M2.8M2.0M1.7M601.5K571.4K
Net Invested Capital2.2M2.5M22.7M19.1M20.0M11.1M
Property Plant And Equipment Gross2.5M2.5M7.0M7.4M7.9M4.8M
Net Working Capital(2.6M)(2.7M)12.1M10.9M11.0M11.6M
Capital Stock129.8K129.9K6.7K6.8K6.9K6.5K

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