European Good Will vs Non Currrent Assets Other Analysis

EWCZ Stock  USD 11.74  0.09  0.76%   
European Wax financial indicator trend analysis is much more than just examining European Wax Center latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether European Wax Center is a good investment. Please check the relationship between European Wax Good Will and its Non Currrent Assets Other accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in European Wax Center. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

Good Will vs Non Currrent Assets Other

Good Will vs Non Currrent Assets Other Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of European Wax Center Good Will account and Non Currrent Assets Other. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between European Wax's Good Will and Non Currrent Assets Other is -0.28. Overlapping area represents the amount of variation of Good Will that can explain the historical movement of Non Currrent Assets Other in the same time period over historical financial statements of European Wax Center, assuming nothing else is changed. The correlation between historical values of European Wax's Good Will and Non Currrent Assets Other is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Good Will of European Wax Center are associated (or correlated) with its Non Currrent Assets Other. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Currrent Assets Other has no effect on the direction of Good Will i.e., European Wax's Good Will and Non Currrent Assets Other go up and down completely randomly.

Correlation Coefficient

-0.28
Relationship DirectionNegative 
Relationship StrengthInsignificant

Good Will

An intangible asset that arises when a company acquires another business for more than the fair market value of its net identifiable assets, representing the value of the brand, customer base, and other intangible factors.

Non Currrent Assets Other

Assets that are not physical or tangible, expected to provide value for more than one year, and not easily converted into cash, such as long-term investments or patents.
Most indicators from European Wax's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into European Wax Center 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 European Wax Center. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.
At this time, European Wax's Selling General Administrative is fairly stable compared to the past year. Sales General And Administrative To Revenue is likely to rise to 0.28 in 2024, despite the fact that Tax Provision is likely to grow to (46.8 M).
 2021 2022 2023 2024 (projected)
Interest Expense20.3M23.6M26.7M23.0M
Depreciation And Amortization20.7M20.2M20.2M21.2M

European Wax fundamental ratios Correlations

0.91-0.830.510.980.77-0.960.880.950.79-0.80.820.90.990.620.980.90.90.61-0.720.940.96-0.050.860.960.96
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-0.83-0.67-0.17-0.75-0.530.73-0.57-0.77-0.480.5-0.74-0.94-0.78-0.25-0.74-0.66-0.94-0.380.68-0.83-0.720.52-0.93-0.78-0.72
0.510.39-0.170.620.43-0.430.340.680.37-0.360.70.30.510.490.580.380.30.91-0.440.660.530.740.230.620.56
0.980.84-0.750.620.69-0.960.840.930.73-0.750.860.860.970.720.970.830.860.65-0.740.920.920.090.820.990.93
0.770.95-0.530.430.69-0.670.860.820.96-0.880.530.570.810.240.790.950.570.62-0.410.750.90.070.460.60.9
-0.96-0.860.73-0.43-0.96-0.67-0.91-0.85-0.750.76-0.7-0.86-0.94-0.79-0.93-0.85-0.86-0.430.62-0.82-0.910.04-0.84-0.95-0.91
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-0.8-0.930.5-0.36-0.75-0.880.76-0.91-0.72-0.96-0.6-0.51-0.88-0.39-0.88-0.94-0.51-0.510.64-0.66-0.84-0.1-0.44-0.65-0.84
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0.90.73-0.940.30.860.57-0.860.690.850.53-0.510.710.830.510.790.711.00.41-0.570.880.82-0.360.990.890.82
0.990.94-0.780.510.970.81-0.940.910.930.85-0.880.820.830.590.990.930.830.62-0.750.910.960.00.780.930.96
0.620.45-0.250.490.720.24-0.790.620.520.37-0.390.40.510.590.60.440.510.24-0.280.470.570.320.540.750.57
0.980.91-0.740.580.970.79-0.930.880.920.83-0.880.860.790.990.60.90.790.68-0.790.90.940.090.740.930.94
0.91.0-0.660.380.830.95-0.850.960.860.97-0.940.610.710.930.440.90.710.54-0.540.80.96-0.030.640.760.96
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0.610.54-0.380.910.650.62-0.430.410.790.52-0.510.810.410.620.240.680.540.41-0.590.790.640.520.310.620.66
-0.72-0.550.68-0.44-0.74-0.410.62-0.47-0.63-0.470.64-0.92-0.57-0.75-0.28-0.79-0.54-0.57-0.59-0.7-0.560.01-0.56-0.71-0.56
0.940.81-0.830.660.920.75-0.820.710.990.68-0.660.890.880.910.470.90.80.880.79-0.70.910.020.820.920.91
0.960.97-0.720.530.920.9-0.910.930.960.89-0.840.710.820.960.570.940.960.820.64-0.560.910.030.760.881.0
-0.05-0.030.520.740.090.070.040.020.080.1-0.10.13-0.360.00.320.09-0.03-0.360.520.010.020.03-0.420.050.05
0.860.65-0.930.230.820.46-0.840.640.780.45-0.440.670.990.780.540.740.640.990.31-0.560.820.76-0.420.870.75
0.960.77-0.780.620.990.6-0.950.770.920.62-0.650.850.890.930.750.930.760.890.62-0.710.920.880.050.870.89
0.960.96-0.720.560.930.9-0.910.930.960.89-0.840.720.820.960.570.940.960.820.66-0.560.911.00.050.750.89
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European Wax Account Relationship Matchups

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