Boston Ebitda vs Income Tax Expense Analysis
BSX Stock | USD 74.17 0.38 0.51% |
Boston Scientific financial indicator trend analysis is way more than just evaluating Boston Scientific Corp prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Boston Scientific Corp is a good investment. Please check the relationship between Boston Scientific Ebitda and its Income Tax Expense accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Boston Scientific Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state.
Ebitda vs Income Tax Expense
Ebitda vs Income Tax Expense Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Boston Scientific Corp Ebitda account and Income Tax Expense. At this time, the significance of the direction appears to have almost no relationship.
The correlation between Boston Scientific's Ebitda and Income Tax Expense is 0.13. Overlapping area represents the amount of variation of Ebitda that can explain the historical movement of Income Tax Expense in the same time period over historical financial statements of Boston Scientific Corp, assuming nothing else is changed. The correlation between historical values of Boston Scientific's Ebitda 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 Ebitda of Boston Scientific Corp 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 Ebitda i.e., Boston Scientific's Ebitda and Income Tax Expense go up and down completely randomly.
Correlation Coefficient | 0.13 |
Relationship Direction | Positive |
Relationship Strength | Insignificant |
Ebitda
Income Tax Expense
Most indicators from Boston Scientific's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Boston Scientific Corp 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 Boston Scientific Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state. At this time, Boston Scientific's Selling General Administrative is fairly stable compared to the past year. Tax Provision is likely to rise to about 679.4 M in 2024, whereas Sales General And Administrative To Revenue is likely to drop 0.29 in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 8.1B | 8.7B | 9.9B | 10.4B | Total Revenue | 11.9B | 12.7B | 14.2B | 15.0B |
Boston Scientific fundamental ratios Correlations
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Boston Scientific Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Boston Scientific fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 30.6B | 30.8B | 32.2B | 32.5B | 35.1B | 36.9B | |
Short Long Term Debt Total | 10.3B | 9.5B | 9.5B | 9.3B | 9.5B | 10.0B | |
Other Current Liab | 2.8B | 3.0B | 3.0B | 2.7B | 3.2B | 3.4B | |
Total Current Liabilities | 4.9B | 3.7B | 4.3B | 3.8B | 4.9B | 5.2B | |
Total Stockholder Equity | 13.9B | 15.3B | 16.6B | 17.6B | 19.3B | 20.2B | |
Property Plant And Equipment Net | 2.4B | 2.5B | 2.7B | 2.8B | 3.3B | 3.5B | |
Net Debt | 10.1B | 7.8B | 7.5B | 8.4B | 8.6B | 9.1B | |
Retained Earnings | (2.3B) | (2.4B) | (1.4B) | (750M) | 819M | 860.0M | |
Accounts Payable | 542M | 513M | 794M | 862M | 942M | 989.1M | |
Non Current Assets Total | 25.9B | 24.1B | 25.9B | 26.7B | 28.6B | 30.1B | |
Non Currrent Assets Other | 735M | 545M | 563M | 707M | 679M | 713.0M | |
Net Receivables | 1.9B | 1.5B | 1.8B | 2.0B | 2.2B | 2.3B | |
Common Stock Shares Outstanding | 1.4B | 1.4B | 1.4B | 1.4B | 1.5B | 1.2B | |
Liabilities And Stockholders Equity | 30.6B | 30.8B | 32.2B | 32.5B | 34.9B | 36.6B | |
Non Current Liabilities Total | 11.8B | 11.8B | 11.3B | 11.1B | 10.7B | 6.2B | |
Inventory | 1.6B | 1.4B | 1.6B | 1.9B | 2.5B | 2.6B | |
Other Current Assets | 324M | 410M | 385M | 350M | 333M | 426.3M | |
Other Stockholder Equity | 15.8B | 17.5B | 17.7B | 18.0B | 18.4B | 10.0B | |
Total Liab | 16.7B | 15.5B | 15.6B | 14.9B | 15.6B | 8.6B | |
Property Plant And Equipment Gross | 2.4B | 2.5B | 2.3B | 2.4B | 6.8B | 7.1B | |
Total Current Assets | 4.7B | 6.7B | 6.3B | 5.8B | 6.5B | 3.3B | |
Accumulated Other Comprehensive Income | 270M | 207M | 263M | 269M | 49M | 51.5M | |
Short Term Debt | 1.4B | 13M | 261M | 20M | 531M | 417.5M | |
Intangible Assets | 7.9B | 5.9B | 6.1B | 5.9B | 6.0B | 4.9B | |
Other Liab | 3.0B | 2.2B | 2.1B | 1.8B | 2.1B | 1.9B | |
Other Assets | (2M) | 4.6B | 3M | 2M | (1M) | 950K | |
Long Term Debt | 8.6B | 9.1B | 8.8B | 8.9B | 8.6B | 5.6B | |
Good Will | 10.2B | 10.0B | 12.0B | 12.9B | 14.4B | 8.6B | |
Property Plant Equipment | 2.1B | 2.1B | 2.3B | 2.8B | 3.3B | 1.7B | |
Current Deferred Revenue | 144M | 138M | 208M | 220M | 266M | 333.1M | |
Net Tangible Assets | (4.2B) | 9.4B | (1.7B) | 11.7B | 13.4B | 14.1B | |
Retained Earnings Total Equity | (2.3B) | (2.4B) | (1.4B) | (750M) | (862.5M) | (905.6M) | |
Long Term Debt Total | 8.6B | 9.1B | 8.8B | 8.9B | 10.3B | 6.6B |
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Is Boston Scientific'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 Boston Scientific. If investors know Boston 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 Boston Scientific 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 0.579 | Earnings Share 1.19 | Revenue Per Share 10.065 | Quarterly Revenue Growth 0.138 | Return On Assets 0.0454 |
The market value of Boston Scientific Corp is measured differently than its book value, which is the value of Boston that is recorded on the company's balance sheet. Investors also form their own opinion of Boston Scientific's value that differs from its market value or its book value, called intrinsic value, which is Boston Scientific'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 Boston Scientific's market value can be influenced by many factors that don't directly affect Boston Scientific'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 Boston Scientific's value and its price as these two are different measures arrived at by different means. Investors typically determine if Boston Scientific is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Boston Scientific'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.