WTI Income Before Tax vs Tax Provision Analysis
| WTI Stock | USD 2.31 0.02 0.86% |
WT Offshore financial indicator trend analysis is more than just analyzing WT Offshore current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether WT Offshore is a good investment. Please check the relationship between WT Offshore Income Before Tax and its Tax Provision accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in WT Offshore. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. For more detail on how to invest in WTI Stock please use our How to Invest in WT Offshore guide.
Income Before Tax vs Tax Provision
Income Before Tax vs Tax Provision Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of WT Offshore Income Before Tax account and Tax Provision. At this time, the significance of the direction appears to have very week relationship.
The correlation between WT Offshore's Income Before Tax and Tax Provision is 0.28. Overlapping area represents the amount of variation of Income Before Tax that can explain the historical movement of Tax Provision in the same time period over historical financial statements of WT Offshore, assuming nothing else is changed. The correlation between historical values of WT Offshore's Income Before Tax and Tax Provision 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 WT Offshore are associated (or correlated) with its Tax Provision. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Tax Provision has no effect on the direction of Income Before Tax i.e., WT Offshore's Income Before Tax and Tax Provision go up and down completely randomly.
Correlation Coefficient | 0.28 |
| Relationship Direction | Positive |
| Relationship Strength | Very Weak |
Income Before Tax
Income Before Tax which can also be referred as pre-tax income is reported on WT Offshore income statement and is an important metric when analyzing WT Offshore 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.Tax Provision
The amount set aside by a company to cover any estimated taxes for the current period. It reflects the company's expected tax liabilities.Most indicators from WT Offshore's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into WT Offshore 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 Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in WT Offshore. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. For more detail on how to invest in WTI Stock please use our How to Invest in WT Offshore guide.As of now, WT Offshore's Enterprise Value Multiple is decreasing as compared to previous years.
| 2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 416.6M | 527.8M | 391.7M | 354.3M | Total Revenue | 558.0M | 921.0M | 532.7M | 690.9M |
WT Offshore fundamental ratios Correlations
Click cells to compare fundamentals
WT Offshore Account Relationship Matchups
High Positive Relationship
High Negative Relationship
WT Offshore fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Total Assets | 1.0B | 940.6M | 1.2B | 1.4B | 1.1B | 1.5B | |
| Total Stockholder Equity | (249.4M) | (208.3M) | (247.2M) | 7.6M | 31.2M | 29.6M | |
| Other Assets | 102.6M | 833.4M | 156.6M | 126.3M | 145.3M | 118.9M | |
| Common Stock Shares Outstanding | 140.6M | 141.6M | 142.3M | 145.1M | 148.3M | 102.0M | |
| Liabilities And Stockholders Equity | 1.0B | 940.6M | 1.2B | 1.4B | 1.1B | 1.5B | |
| Other Stockholder Equity | 522.9M | 526.2M | 528.8M | 552.4M | 561.8M | 533.8M | |
| Total Liab | 1.3B | 1.1B | 1.4B | 1.4B | 1.1B | 1.3B | |
| Short Long Term Debt Total | 719.5M | 625.3M | 730.9M | 693.4M | 402.9M | 737.6M | |
| Other Current Liab | 55.5M | 54.1M | 177.8M | 87.6M | 107.1M | 98.8M | |
| Total Current Liabilities | 190.0M | 115M | 324.4M | 792.3M | 216.9M | 297.4M | |
| Property Plant And Equipment Net | 748.8M | 686.9M | 665.3M | 735.2M | 759.6M | 910.4M | |
| Net Debt | 687.1M | 581.6M | 485.1M | 232.1M | 229.5M | 218.0M | |
| Retained Earnings | (772.2M) | (734.5M) | (775.9M) | (544.8M) | (530.7M) | (504.1M) | |
| Accounts Payable | 102.3M | 41.3M | 67.4M | 65.2M | 78.9M | 89.1M | |
| Cash | 32.4M | 43.7M | 245.8M | 461.4M | 173.3M | 117.7M | |
| Non Current Assets Total | 862.0M | 833.4M | 834.9M | 861.5M | 849.0M | 962.2M | |
| Non Currrent Assets Other | 49.3M | 52.1M | 67.2M | 57.3M | 26.7M | 25.9M | |
| Long Term Debt | 719.5M | 625.3M | 687.9M | 111.2M | 361.2M | 677.2M | |
| Cash And Short Term Investments | 32.4M | 43.7M | 245.8M | 461.4M | 173.3M | 117.7M | |
| Net Receivables | 78.6M | 49.7M | 64.7M | 80.1M | 69.8M | 88.2M | |
| Non Current Liabilities Total | 1.1B | 1.0B | 1.1B | 631.8M | 866.0M | 1.1B | |
| Other Current Assets | 30.7M | 13.8M | 43.4M | 24.3M | 6.8M | 6.4M | |
| Property Plant And Equipment Gross | 756.7M | 698.4M | 665.3M | 735.2M | 9.0B | 9.4B | |
| Total Current Assets | 141.8M | 107.2M | 358.3M | 570.3M | 265.0M | 270.2M | |
| Property Plant Equipment | 748.8M | 686.9M | 665.3M | 735.2M | 661.7M | 924.8M | |
| Other Liab | 339.2M | 397.2M | 416.8M | 510.1M | 586.6M | 344.2M | |
| Current Deferred Revenue | 29.5M | 19.2M | 36.2M | 57.3M | 99K | 94.1K | |
| Short Term Debt | 2.7M | 394K | 43.0M | 582.2M | 30.8M | 29.3M | |
| Net Tangible Assets | (249.4M) | (208.3M) | (247.2M) | 7.6M | 6.9M | 7.2M | |
| Retained Earnings Total Equity | (772.2M) | (734.5M) | (775.9M) | (544.8M) | (490.3M) | (514.8M) | |
| Long Term Debt Total | 719.5M | 625.3M | 687.9M | 111.2M | 100.1M | 95.1M | |
| Capital Surpluse | 547.1M | 550.3M | 552.9M | 576.6M | 663.1M | 548.0M | |
| Deferred Long Term Liab | 7.2M | 128K | 113K | 72K | 64.8K | 61.6K | |
| Non Current Liabilities Other | 343.6M | 408.5M | 428.0M | 520.6M | 23.9M | 22.7M |
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When determining whether WT Offshore offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of WT Offshore'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 Wt Offshore Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Wt Offshore Stock:Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in WT Offshore. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. For more detail on how to invest in WTI Stock please use our How to Invest in WT Offshore guide.You can also try the Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.
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When running WT Offshore's price analysis, check to measure WT Offshore's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy WT Offshore is operating at the current time. Most of WT Offshore's value examination focuses on studying past and present price action to predict the probability of WT Offshore's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move WT Offshore's price. Additionally, you may evaluate how the addition of WT Offshore to your portfolios can decrease your overall portfolio volatility.
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Is WT Offshore'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 WT Offshore. If investors know WTI 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 WT Offshore 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 (0.98) | Dividend Share 0.02 | Earnings Share (0.15) | Revenue Per Share 3.695 | Quarterly Revenue Growth 0.069 |
The market value of WT Offshore is measured differently than its book value, which is the value of WTI that is recorded on the company's balance sheet. Investors also form their own opinion of WT Offshore's value that differs from its market value or its book value, called intrinsic value, which is WT Offshore'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 WT Offshore's market value can be influenced by many factors that don't directly affect WT Offshore'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 WT Offshore's value and its price as these two are different measures arrived at by different means. Investors typically determine if WT Offshore is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, WT Offshore'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.