Fomento Net Income vs Net Interest Income Analysis

FMX Stock

USD 89.32 1.36 1.50%

Fomento Economico financial indicator trend analysis is much more than just examining Fomento Economico latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Fomento Economico is a good investment. Please check the relationship between Fomento Economico Net Income and its Net Interest Income accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fomento Economico Mexicano. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

Net Income vs Net Interest Income

Net Income vs Net Interest Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Fomento Economico Net Income account and Net Interest Income. At this time, the significance of the direction appears to have strong relationship.

The correlation between Fomento Economico's Net Income and Net Interest Income is 0.75. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Net Interest Income in the same time period over historical financial statements of Fomento Economico Mexicano, assuming nothing else is changed. The correlation between historical values of Fomento Economico's Net Income and Net Interest Income 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 Fomento Economico Mexicano are associated (or correlated) with its Net Interest Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Interest Income has no effect on the direction of Net Income i.e., Fomento Economico's Net Income and Net Interest Income go up and down completely randomly.

Correlation Coefficient

0.75

Relationship Direction	Positive
Relationship Strength	Significant

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Net Income

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

Net Interest Income

The difference between the revenue generated from a bank's interest-bearing assets and the expenses associated with paying its interest-bearing liabilities.

Most indicators from Fomento Economico's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Fomento Economico 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 Fomento Economico Mexicano. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

At this time, Fomento Economico's Selling General Administrative is fairly stable compared to the past year. Sales General And Administrative To Revenue is likely to rise to 0.07 in 2024, whereas Tax Provision is likely to drop slightly above 13.3 B in 2024.

	2021	2022	2023	2024 (projected)
Interest Expense	16.9B	16.3B	17.2B	18.1B
Depreciation And Amortization	28.0B	30.5B	34.0B	35.7B

Interest Expense Depreciation And Amortization

Fomento Economico fundamental ratios Correlations

	Common Stock Shares Outstanding	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Good Will	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Other Liab
Common Stock Shares Outstanding		0.6	0.42	0.3	0.48	0.64	0.48	-0.12	0.37	0.64	0.52	0.44	0.6	0.34	0.44	0.62	0.36	0.45	0.49	0.33	0.06	0.43	0.44	0.48	0.29	0.31
Total Assets	0.6		0.95	0.82	0.97	0.93	0.96	-0.14	0.67	0.97	0.96	0.67	0.8	0.75	0.86	0.81	0.77	0.96	0.98	0.59	-0.17	0.95	0.87	0.92	0.54	0.85
Short Long Term Debt Total	0.42	0.95		0.87	0.93	0.81	0.95	-0.17	0.74	0.89	0.93	0.52	0.79	0.71	0.8	0.63	0.82	1.0	0.97	0.5	-0.32	1.0	0.83	0.86	0.41	0.82
Other Current Liab	0.3	0.82	0.87		0.91	0.79	0.94	-0.01	0.41	0.81	0.75	0.63	0.51	0.86	0.83	0.4	0.53	0.84	0.89	0.73	-0.15	0.87	0.92	0.88	0.54	0.65
Total Current Liabilities	0.48	0.97	0.93	0.91		0.94	0.99	0.0	0.56	0.96	0.91	0.75	0.69	0.84	0.9	0.74	0.7	0.92	0.99	0.72	-0.14	0.93	0.94	0.96	0.61	0.82
Total Stockholder Equity	0.64	0.93	0.81	0.79	0.94		0.91	-0.05	0.45	0.98	0.89	0.84	0.64	0.83	0.9	0.81	0.56	0.8	0.9	0.76	0.1	0.8	0.9	0.93	0.75	0.77
Property Plant And Equipment Net	0.48	0.96	0.95	0.94	0.99	0.91		-0.03	0.56	0.94	0.89	0.72	0.68	0.85	0.89	0.66	0.68	0.93	0.98	0.72	-0.17	0.95	0.95	0.95	0.59	0.79
Current Deferred Revenue	-0.12	-0.14	-0.17	-0.01	0.0	-0.05	-0.03		-0.16	-0.04	-0.28	0.2	-0.38	0.19	0.02	0.03	-0.24	-0.21	-0.04	0.33	-0.19	-0.17	0.14	0.05	0.01	-0.28
Net Debt	0.37	0.67	0.74	0.41	0.56	0.45	0.56	-0.16		0.57	0.7	0.08	0.83	0.26	0.33	0.56	0.9	0.77	0.65	0.07	-0.38	0.73	0.39	0.44	-0.05	0.64
Retained Earnings	0.64	0.97	0.89	0.81	0.96	0.98	0.94	-0.04	0.57		0.94	0.78	0.71	0.81	0.91	0.83	0.66	0.88	0.95	0.7	-0.09	0.88	0.9	0.95	0.63	0.79
Accounts Payable	0.52	0.96	0.93	0.75	0.91	0.89	0.89	-0.28	0.7	0.94		0.59	0.82	0.66	0.81	0.79	0.8	0.93	0.93	0.48	-0.14	0.92	0.78	0.86	0.51	0.86
Cash	0.44	0.67	0.52	0.63	0.75	0.84	0.72	0.2	0.08	0.78	0.59		0.2	0.89	0.89	0.66	0.17	0.51	0.67	0.91	0.06	0.51	0.86	0.86	0.82	0.59
Non Current Assets Total	0.6	0.8	0.79	0.51	0.69	0.64	0.68	-0.38	0.83	0.71	0.82	0.2		0.27	0.45	0.67	0.93	0.81	0.75	0.09	-0.13	0.8	0.46	0.54	0.18	0.7
Non Currrent Assets Other	0.34	0.75	0.71	0.86	0.84	0.83	0.85	0.19	0.26	0.81	0.66	0.89	0.27		0.93	0.49	0.28	0.69	0.79	0.95	-0.13	0.7	0.97	0.93	0.7	0.63
Cash And Short Term Investments	0.44	0.86	0.8	0.83	0.9	0.9	0.89	0.02	0.33	0.91	0.81	0.89	0.45	0.93		0.67	0.41	0.78	0.87	0.81	-0.17	0.79	0.94	0.98	0.72	0.74
Net Receivables	0.62	0.81	0.63	0.4	0.74	0.81	0.66	0.03	0.56	0.83	0.79	0.66	0.67	0.49	0.67		0.65	0.66	0.74	0.44	-0.04	0.63	0.61	0.72	0.48	0.74
Good Will	0.36	0.77	0.82	0.53	0.7	0.56	0.68	-0.24	0.9	0.66	0.8	0.17	0.93	0.28	0.41	0.65		0.83	0.77	0.1	-0.27	0.82	0.47	0.53	0.08	0.72
Non Current Liabilities Total	0.45	0.96	1.0	0.84	0.92	0.8	0.93	-0.21	0.77	0.88	0.93	0.51	0.81	0.69	0.78	0.66	0.83		0.96	0.48	-0.33	0.99	0.81	0.85	0.38	0.84
Inventory	0.49	0.98	0.97	0.89	0.99	0.9	0.98	-0.04	0.65	0.95	0.93	0.67	0.75	0.79	0.87	0.74	0.77	0.96		0.63	-0.24	0.97	0.9	0.94	0.51	0.83
Other Current Assets	0.33	0.59	0.5	0.73	0.72	0.76	0.72	0.33	0.07	0.7	0.48	0.91	0.09	0.95	0.81	0.44	0.1	0.48	0.63		0.08	0.48	0.89	0.81	0.76	0.48
Other Stockholder Equity	0.06	-0.17	-0.32	-0.15	-0.14	0.1	-0.17	-0.19	-0.38	-0.09	-0.14	0.06	-0.13	-0.13	-0.17	-0.04	-0.27	-0.33	-0.24	0.08		-0.34	-0.15	-0.19	0.41	-0.12
Total Liab	0.43	0.95	1.0	0.87	0.93	0.8	0.95	-0.17	0.73	0.88	0.92	0.51	0.8	0.7	0.79	0.63	0.82	0.99	0.97	0.48	-0.34		0.82	0.86	0.38	0.82
Property Plant And Equipment Gross	0.44	0.87	0.83	0.92	0.94	0.9	0.95	0.14	0.39	0.9	0.78	0.86	0.46	0.97	0.94	0.61	0.47	0.81	0.9	0.89	-0.15	0.82		0.97	0.68	0.71
Total Current Assets	0.48	0.92	0.86	0.88	0.96	0.93	0.95	0.05	0.44	0.95	0.86	0.86	0.54	0.93	0.98	0.72	0.53	0.85	0.94	0.81	-0.19	0.86	0.97		0.68	0.78
Short Term Debt	0.29	0.54	0.41	0.54	0.61	0.75	0.59	0.01	-0.05	0.63	0.51	0.82	0.18	0.7	0.72	0.48	0.08	0.38	0.51	0.76	0.41	0.38	0.68	0.68		0.53
Other Liab	0.31	0.85	0.82	0.65	0.82	0.77	0.79	-0.28	0.64	0.79	0.86	0.59	0.7	0.63	0.74	0.74	0.72	0.84	0.83	0.48	-0.12	0.82	0.71	0.78	0.53

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Fomento Economico Account Relationship Matchups

Fomento Economico fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	637.5B	684.8B	737.5B	798.8B	805.8B	846.1B
Short Long Term Debt Total	172.6B	247.0B	246.9B	280.6B	232.9B	244.5B
Other Current Liab	112.0B	100.7B	122.8B	143.4B	162.6B	170.8B
Total Current Liabilities	136.5B	118.4B	136.7B	176.9B	186.3B	195.6B
Total Stockholder Equity	325.8B	237.7B	262.6B	262.6B	379.1B	398.1B
Property Plant And Equipment Net	167.2B	167.9B	172.1B	218.0B	227.3B	238.6B
Current Deferred Revenue	(75.8B)	(73.1B)	(91.4B)	9.7B	8.7B	9.1B
Net Debt	46.4B	76.3B	87.1B	103.9B	67.8B	39.1B
Retained Earnings	229.8B	215.6B	238.3B	251.2B	304.7B	319.9B
Accounts Payable	76.7B	75.2B	93.4B	78.4B	81.5B	85.6B
Cash	65.6B	44.0B	32.1B	39.6B	165.1B	173.4B
Non Current Assets Total	465.0B	483.6B	506.8B	572.2B	449.6B	246.6B
Non Currrent Assets Other	53.7B	62.0B	69.2B	60.2B	196.0B	205.8B
Cash And Short Term Investments	77.9B	109.0B	121.8B	83.5B	191.8B	201.4B
Net Receivables	29.6B	23.8B	28.6B	37.1B	38.9B	40.8B
Good Will	47.9B	48.0B	57.4B	85.7B	45.5B	24.4B
Liabilities And Stockholders Equity	711.3B	684.8B	737.5B	798.8B	805.8B	846.1B
Non Current Liabilities Total	175.3B	259.1B	266.0B	286.1B	240.4B	252.4B
Inventory	41.0B	44.0B	50.9B	62.2B	58.2B	61.1B
Other Current Assets	24.0B	2.9B	2.7B	11.7B	67.3B	70.7B
Other Stockholder Equity	91.9B	973.0M	3.1B	(9.6B)	18.0B	21.9B
Total Liab	311.8B	447.1B	474.9B	536.2B	426.7B	448.0B
Property Plant And Equipment Gross	167.2B	167.9B	172.1B	218.0B	338.5B	355.4B
Total Current Assets	172.6B	201.3B	230.7B	226.4B	356.2B	374.0B
Accumulated Other Comprehensive Income	685M	(843M)	3.1B	(9.6B)	(21.7B)	(20.7B)
Short Term Debt	23.6B	15.6B	2.0B	1.9B	23.6B	24.8B
Other Liab	26.2B	27.8B	31.1B	29.5B	33.9B	35.6B
Other Assets	39.3B	27.9B	49.6B	52.9B	60.8B	63.9B
Long Term Debt	95.7B	179.9B	185.9B	173.4B	128.4B	134.8B
Intangible Assets	98.7B	107.5B	100.8B	105.1B	98.5B	74.1B
Property Plant Equipment	167.2B	167.9B	172.1B	218.0B	250.7B	263.2B
Short Term Investments	12.4B	1.3B	24.4B	51M	26.7B	28.1B
Net Tangible Assets	104.5B	81.5B	176.7B	71.1B	81.7B	83.4B
Long Term Investments	97.5B	98.3B	107.3B	103.7B	35.3B	33.6B
Short Long Term Debt	16.2B	8.8B	4.6B	16.3B	8.5B	12.1B
Long Term Debt Total	149.0B	231.4B	241.0B	254.6B	292.8B	162.8B
Capital Surpluse	18.2B	17.8B	17.9B	17.7B	20.4B	21.8B

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Fomento Net Income vs Net Interest Income Analysis

Net Income vs Net Interest Income

Net Income vs Net Interest Income Correlation Analysis

Correlation Coefficient

Net Income

Net Interest Income

Fomento Economico fundamental ratios Correlations

Fomento Economico Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Fomento Economico fundamental ratios Accounts

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COMMON DESTINATIONS

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Non Current Liabilities Total	+ 1.0	Short Long Term Debt Total
Total Liab	+ 1.0	Short Long Term Debt Total
Property Plant And Equipment Net	+ 0.99	Total Current Liabilities
Inventory	+ 0.99	Total Current Liabilities
Total Liab	+ 0.99	Non Current Liabilities Total
Inventory	+ 0.98	Total Assets

Other Stockholder Equity	- 0.38	Net Debt
Non Current Assets Total	- 0.38	Current Deferred Revenue
Total Liab	- 0.34	Other Stockholder Equity
Other Stockholder Equity	- 0.33	Non Current Liabilities Total
Other Stockholder Equity	- 0.32	Short Long Term Debt Total
Other Liab	- 0.28	Current Deferred Revenue