Goosehead Other Current Liab vs Short Long Term Debt Analysis
GSHD Stock | USD 126.34 4.16 3.40% |
Goosehead Insurance financial indicator trend analysis is much more than just examining Goosehead Insurance latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Goosehead Insurance is a good investment. Please check the relationship between Goosehead Insurance Other Current Liab and its Short Long Term Debt accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Goosehead Insurance. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate. For information on how to trade Goosehead Stock refer to our How to Trade Goosehead Stock guide.
Other Current Liab vs Short Long Term Debt
Other Current Liab vs Short Long Term Debt Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Goosehead Insurance Other Current Liab account and Short Long Term Debt. At this time, the significance of the direction appears to have pay attention.
The correlation between Goosehead Insurance's Other Current Liab and Short Long Term Debt is -0.89. Overlapping area represents the amount of variation of Other Current Liab that can explain the historical movement of Short Long Term Debt in the same time period over historical financial statements of Goosehead Insurance, assuming nothing else is changed. The correlation between historical values of Goosehead Insurance's Other Current Liab and Short Long Term Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Current Liab of Goosehead Insurance are associated (or correlated) with its Short Long Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Long Term Debt has no effect on the direction of Other Current Liab i.e., Goosehead Insurance's Other Current Liab and Short Long Term Debt go up and down completely randomly.
Correlation Coefficient | -0.89 |
Relationship Direction | Negative |
Relationship Strength | Significant |
Other Current Liab
Short Long Term Debt
The total of a company's short-term and long-term borrowings.Most indicators from Goosehead Insurance's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Goosehead Insurance 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Goosehead Insurance. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate. For information on how to trade Goosehead Stock refer to our How to Trade Goosehead Stock guide.At present, Goosehead Insurance's Tax Provision is projected to increase significantly based on the last few years of reporting. The current year's Issuance Of Capital Stock is expected to grow to about 14.9 M, whereas Sales General And Administrative To Revenue is forecasted to decline to 0.23.
2021 | 2022 | 2023 | 2024 (projected) | Depreciation And Amortization | 5.1M | 7.1M | 9.5M | 9.9M | Interest Income | 1.2M | 1.4M | 1.4M | 851.6K |
Goosehead Insurance fundamental ratios Correlations
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Goosehead Insurance Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Goosehead Insurance fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 64.6M | 185.8M | 267.8M | 321.4M | 354.9M | 372.6M | |
Short Long Term Debt Total | 59.5M | 119.0M | 175.0M | 165.2M | 143.2M | 108.6M | |
Other Current Liab | (12.7M) | (57.3M) | (125.2M) | (119.6M) | (143.1M) | (135.9M) | |
Total Current Liabilities | 12.7M | 20.4M | 27.8M | 37.1M | 40.9M | 42.9M | |
Total Stockholder Equity | (9.0M) | (4.9M) | (14.2M) | 10.7M | 56.6M | 59.4M | |
Other Liab | 40.1M | 91.5M | 143.5M | 166.2M | 191.1M | 200.7M | |
Net Tangible Assets | (9.5M) | (5.4M) | (17.0M) | 6.2M | 7.1M | 7.5M | |
Property Plant And Equipment Net | 9.5M | 39.2M | 57.6M | 79.4M | 68.7M | 37.2M | |
Current Deferred Revenue | 2.8M | 4.2M | 6.1M | 6.0M | 4.1M | 3.5M | |
Net Debt | 31.8M | 94.1M | 146.4M | 136.4M | 101.3M | 83.8M | |
Accounts Payable | 6.0M | 9.4M | 14.9M | 17.6M | 16.4M | 10.1M | |
Cash | 14.3M | 24.9M | 28.5M | 28.7M | 42.0M | 22.8M | |
Non Current Assets Total | 10.0M | 39.7M | 60.4M | 83.9M | 280.3M | 294.3M | |
Non Currrent Assets Other | (10.0M) | (39.7M) | (60.4M) | (155.3M) | 13.1M | 13.8M | |
Other Assets | 19.8M | 82.3M | 137.2M | 165.5M | 190.3M | 199.8M | |
Long Term Debt | 42.2M | 79.4M | 118.4M | 86.7M | 67.6M | 71.1M | |
Cash And Short Term Investments | 14.3M | 24.9M | 28.5M | 28.7M | 42.0M | 22.8M | |
Net Receivables | 20.5M | 38.9M | 41.7M | 43.2M | 31.9M | 25.7M | |
Common Stock Shares Outstanding | 16.1M | 18.4M | 20.8M | 21.8M | 38.4M | 19.9M | |
Long Term Debt Total | 48.2M | 47.6M | 55.5M | 79.4M | 91.3M | 57.2M | |
Liabilities And Stockholders Equity | 64.6M | 185.8M | 267.8M | 321.4M | 354.9M | 372.6M | |
Non Current Liabilities Total | 62.2M | 142.3M | 208.2M | 37.1M | 297.2M | 312.1M | |
Other Current Assets | (35.8M) | 3.7M | 4.8M | 4.3M | 7.9M | 8.3M | |
Other Stockholder Equity | 69.3M | 29.4M | 46.3M | 70.9M | 103.2M | 108.4M | |
Total Liab | 95.6M | 224.2M | 337.0M | 355.0M | 338.1M | 206.3M | |
Property Plant And Equipment Gross | 6.8M | 7.6M | 9.5M | 39.2M | 45.0M | 47.3M | |
Short Long Term Debt | 4M | 3.5M | 4.4M | 6.9M | 9.4M | 9.8M | |
Total Current Assets | 34.8M | 63.8M | 70.3M | 72.0M | 74.6M | 48.5M | |
Short Term Debt | 4M | 6.7M | 9.3M | 13.5M | 18.3M | 19.2M | |
Intangible Assets | 445K | 549K | 2.8M | 4.5M | 17.3M | 18.1M | |
Property Plant Equipment | 9.5M | 16.7M | 57.6M | 79.4M | 91.3M | 95.9M | |
Net Invested Capital | 37.2M | 78.0M | 108.5M | 104.3M | 133.5M | 94.3M | |
Retained Earnings | (23.8M) | (34.6M) | (60.9M) | (60.6M) | (47.1M) | (49.4M) |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Goosehead Insurance is a strong investment it is important to analyze Goosehead Insurance's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Goosehead Insurance's future performance. For an informed investment choice regarding Goosehead Stock, refer to the following important reports:Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Goosehead Insurance. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate. For information on how to trade Goosehead Stock refer to our How to Trade Goosehead Stock guide.You can also try the Top Crypto Exchanges module to search and analyze digital assets across top global cryptocurrency exchanges.
Is Insurance Brokers space 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 Goosehead Insurance. If investors know Goosehead 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 Goosehead Insurance 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 0.051 | Earnings Share 0.7 | Revenue Per Share 11.444 | Quarterly Revenue Growth 0.1 | Return On Assets 0.0637 |
The market value of Goosehead Insurance is measured differently than its book value, which is the value of Goosehead that is recorded on the company's balance sheet. Investors also form their own opinion of Goosehead Insurance's value that differs from its market value or its book value, called intrinsic value, which is Goosehead Insurance'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 Goosehead Insurance's market value can be influenced by many factors that don't directly affect Goosehead Insurance'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 Goosehead Insurance's value and its price as these two are different measures arrived at by different means. Investors typically determine if Goosehead Insurance is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Goosehead Insurance'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.