Horizon Net Receivables vs Capital Surpluse Analysis

HBNC Stock  USD 18.55  0.00  0.00%   
Horizon Bancorp financial indicator trend analysis is much more than just examining Horizon Bancorp latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Horizon Bancorp is a good investment. Please check the relationship between Horizon Bancorp Net Receivables and its Capital Surpluse accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Horizon Bancorp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
For information on how to trade Horizon Stock refer to our How to Trade Horizon Stock guide.

Net Receivables vs Capital Surpluse

Net Receivables vs Capital Surpluse Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Horizon Bancorp Net Receivables account and Capital Surpluse. At this time, the significance of the direction appears to have strong relationship.
The correlation between Horizon Bancorp's Net Receivables and Capital Surpluse is 0.76. Overlapping area represents the amount of variation of Net Receivables that can explain the historical movement of Capital Surpluse in the same time period over historical financial statements of Horizon Bancorp, assuming nothing else is changed. The correlation between historical values of Horizon Bancorp's Net Receivables and Capital Surpluse 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 Receivables of Horizon Bancorp are associated (or correlated) with its Capital Surpluse. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capital Surpluse has no effect on the direction of Net Receivables i.e., Horizon Bancorp's Net Receivables and Capital Surpluse go up and down completely randomly.

Correlation Coefficient

0.76
Relationship DirectionPositive 
Relationship StrengthSignificant

Net Receivables

Capital Surpluse

Most indicators from Horizon Bancorp's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Horizon Bancorp 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 Horizon Bancorp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
For information on how to trade Horizon Stock refer to our How to Trade Horizon Stock guide.At present, Horizon Bancorp's Tax Provision is projected to increase significantly based on the last few years of reporting. The current year's Enterprise Value is expected to grow to about 1 B, whereas Sales General And Administrative To Revenue is forecasted to decline to 0.07.
 2021 2022 2023 2024 (projected)
Interest Expense18.3M36.5M146.3M153.6M
Depreciation And Amortization9.8M10.8M3.6M4.3M

Horizon Bancorp fundamental ratios Correlations

0.840.580.970.930.720.99-0.180.83-0.47-0.030.150.970.790.630.921.00.99-0.010.680.630.70.920.680.060.96
0.840.560.760.750.80.87-0.370.75-0.310.02-0.060.870.590.560.720.850.850.010.780.280.670.920.440.280.79
0.580.560.480.430.920.62-0.830.930.13-0.57-0.680.720.130.990.410.590.64-0.330.460.020.980.47-0.110.770.56
0.970.760.480.970.60.95-0.070.71-0.450.10.260.90.880.540.980.960.920.10.540.730.590.880.75-0.040.98
0.930.750.430.970.580.92-0.070.66-0.340.220.280.850.850.490.950.920.890.230.520.690.530.850.75-0.030.99
0.720.80.920.60.580.76-0.790.940.01-0.38-0.550.850.290.910.540.730.76-0.220.60.060.950.690.070.710.68
0.990.870.620.950.920.76-0.240.85-0.46-0.070.10.980.750.650.891.00.99-0.050.710.590.730.920.650.110.95
-0.18-0.37-0.83-0.07-0.07-0.79-0.24-0.63-0.440.510.91-0.380.2-0.79-0.04-0.19-0.230.31-0.160.4-0.78-0.160.48-0.99-0.2
0.830.750.930.710.660.940.85-0.63-0.16-0.45-0.40.920.390.940.640.830.87-0.280.660.260.970.720.220.530.76
-0.47-0.310.13-0.45-0.340.01-0.46-0.44-0.160.1-0.58-0.38-0.490.1-0.41-0.47-0.430.31-0.45-0.57-0.01-0.39-0.710.55-0.31
-0.030.02-0.570.10.22-0.38-0.070.51-0.450.10.54-0.180.36-0.550.19-0.05-0.10.82-0.210.16-0.530.130.3-0.450.1
0.15-0.06-0.680.260.28-0.550.10.91-0.4-0.580.54-0.060.5-0.620.290.130.070.330.010.63-0.580.140.76-0.940.15
0.970.870.720.90.850.850.98-0.380.92-0.38-0.18-0.060.660.750.840.980.98-0.120.680.480.820.910.520.260.91
0.790.590.130.880.850.290.750.20.39-0.490.360.50.660.190.90.780.710.220.340.780.260.760.8-0.30.81
0.630.560.990.540.490.910.65-0.790.940.1-0.55-0.620.750.190.470.630.67-0.30.480.10.980.49-0.030.710.61
0.920.720.410.980.950.540.89-0.040.64-0.410.190.290.840.90.470.910.860.160.430.690.530.870.72-0.060.95
1.00.850.590.960.920.731.0-0.190.83-0.47-0.050.130.980.780.630.910.99-0.020.690.620.710.920.670.070.95
0.990.850.640.920.890.760.99-0.230.87-0.43-0.10.070.980.710.670.860.99-0.040.740.540.740.910.610.110.93
-0.010.01-0.330.10.23-0.22-0.050.31-0.280.310.820.33-0.120.22-0.30.16-0.02-0.04-0.140.08-0.340.10.16-0.220.14
0.680.780.460.540.520.60.71-0.160.66-0.45-0.210.010.680.340.480.430.690.74-0.140.250.540.650.430.070.55
0.630.280.020.730.690.060.590.40.26-0.570.160.630.480.780.10.690.620.540.080.250.120.450.88-0.50.64
0.70.670.980.590.530.950.73-0.780.97-0.01-0.53-0.580.820.260.980.530.710.74-0.340.540.120.60.030.70.66
0.920.920.470.880.850.690.92-0.160.72-0.390.130.140.910.760.490.870.920.910.10.650.450.60.580.060.87
0.680.44-0.110.750.750.070.650.480.22-0.710.30.760.520.8-0.030.720.670.610.160.430.880.030.58-0.590.67
0.060.280.77-0.04-0.030.710.11-0.990.530.55-0.45-0.940.26-0.30.71-0.060.070.11-0.220.07-0.50.70.06-0.590.09
0.960.790.560.980.990.680.95-0.20.76-0.310.10.150.910.810.610.950.950.930.140.550.640.660.870.670.09
Click cells to compare fundamentals

Horizon Bancorp Account Relationship Matchups

Horizon Bancorp fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets5.2B5.9B7.4B7.9B7.9B8.3B
Short Long Term Debt Total827.2M650.0M771.8M1.9B1.5B1.5B
Total Current Liabilities3.1M2.7M2.2M5.4M1.1B1.2B
Total Stockholder Equity656.0M692.2M723.2M677.4M718.8M754.8M
Property Plant And Equipment Net92.2M92.4M93.4M92.7M94.6M99.3M
Net Debt498.8M331.5M173.5M1.1B2.0B2.1B
Retained Earnings269.7M301.4M363.7M429.4M429.0M450.5M
Cash107.3M258.7M598.3M126.3M(519.4M)(493.4M)
Non Current Assets Total1.3B1.6B3.0B3.3B7.4B7.7B
Non Currrent Assets Other(1.3B)(1.6B)(3.0B)(3.3B)209.6M220.1M
Other Assets3.0B2.9B2.6B3.4B1.00.95
Cash And Short Term Investments948.4M1.4B1.8B1.1B(519.4M)(493.4M)
Net Receivables18.8M21.4M26.1M35.3M38.7M40.6M
Common Stock Shares Outstanding43.6M44.1M44.0M43.7M43.8M25.8M
Liabilities And Stockholders Equity5.2B5.9B7.4B7.9B7.9B8.3B
Non Current Liabilities Total606.1M590.2M771.8M5.4M6.1B6.4B
Other Stockholder Equity379.9M362.9M352.1M354.2M356.4M374.2M
Total Liab4.6B5.2B6.6B7.2B7.2B7.6B
Property Plant And Equipment Gross92.2M92.4M147.7M151.3M158.8M166.8M
Total Current Assets967.2M1.4B1.8B1.2B561.8M1.1B
Accumulated Other Comprehensive Income6.4M27.9M7.3M(106.2M)(66.6M)(63.3M)
Short Term Debt485.6M277.4M175.0M742.7M652.9M685.5M
Other Liab32.1M70.4M55.2M30.4M35.0M19.8M
Accounts Payable3.1M2.7M2.2M5.4M22.2M23.4M
Long Term Debt549.7M475M771.8M1.3B899.8M944.8M
Short Term Investments841.1M1.1B1.2B997.6M547.3M490.5M
Inventory(126.1M)(280.1M)(628.0M)(163.8M)480.7M504.7M
Property Plant Equipment92.2M92.4M93.4M92.7M106.6M111.9M
Other Current Liab(3.1M)(2.7M)(2.2M)(5.4M)1.1B1.2B
Intangible Assets26.7M23.9M20.9M17.2M13.6M9.3M
Other Current Assets126.1M280.1M628.0M163.8M561.8M798.2M
Net Tangible Assets478.1M518.0M547.7M504.9M580.7M338.2M
Retained Earnings Total Equity269.7M301.4M363.7M429.4M493.8M518.5M
Long Term Debt Total549.7M475M675.8M1.1B1.3B1.4B
Capital Surpluse379.9M362.9M352.1M354.2M407.3M220.9M
Long Term Investments212.0M1.3B2.7B3.0B2.5B2.6B
Non Current Liabilities Other107.0M185.6M170.7M189.0M217.4M228.3M

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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 Horizon Bancorp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Horizon Bancorp'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 Horizon Bancorp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Horizon Bancorp Stock:
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Horizon Bancorp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
For information on how to trade Horizon Stock refer to our How to Trade Horizon Stock guide.
You can also try the Analyst Advice module to analyst recommendations and target price estimates broken down by several categories.
Is Regional Banks 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 Horizon Bancorp. If investors know Horizon 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 Horizon Bancorp 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
0.108
Dividend Share
0.64
Earnings Share
0.48
Revenue Per Share
4.205
Quarterly Revenue Growth
0.069
The market value of Horizon Bancorp is measured differently than its book value, which is the value of Horizon that is recorded on the company's balance sheet. Investors also form their own opinion of Horizon Bancorp's value that differs from its market value or its book value, called intrinsic value, which is Horizon Bancorp'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 Horizon Bancorp's market value can be influenced by many factors that don't directly affect Horizon Bancorp'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 Horizon Bancorp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Horizon Bancorp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Horizon Bancorp'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.