Homeco Net Tangible Assets vs Total Current Liabilities Analysis
| HDN Stock | 1.24 0.02 1.64% |
Homeco Daily financial indicator trend analysis is much more than just examining Homeco Daily Needs latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Homeco Daily Needs is a good investment. Please check the relationship between Homeco Daily Net Tangible Assets and its Total Current Liabilities accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Homeco Daily Needs. 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.
Net Tangible Assets vs Total Current Liabilities
Net Tangible Assets vs Total Current Liabilities Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Homeco Daily Needs Net Tangible Assets account and Total Current Liabilities. At this time, the significance of the direction appears to have strong relationship.
The correlation between Homeco Daily's Net Tangible Assets and Total Current Liabilities is 0.77. Overlapping area represents the amount of variation of Net Tangible Assets that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of Homeco Daily Needs, assuming nothing else is changed. The correlation between historical values of Homeco Daily's Net Tangible Assets and Total Current Liabilities 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 Tangible Assets of Homeco Daily Needs are associated (or correlated) with its Total Current Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Liabilities has no effect on the direction of Net Tangible Assets i.e., Homeco Daily's Net Tangible Assets and Total Current Liabilities go up and down completely randomly.
Correlation Coefficient | 0.77 |
| Relationship Direction | Positive |
| Relationship Strength | Significant |
Net Tangible Assets
The total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company.Total Current Liabilities
Total Current Liabilities is an item on Homeco Daily balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Homeco Daily Needs are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.Most indicators from Homeco Daily's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Homeco Daily Needs 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 Homeco Daily Needs. 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. Selling General Administrative is likely to drop to about 3.2 M in 2024. Issuance Of Capital Stock is likely to drop to about 126.6 M in 2024
| 2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 135.9M | 240.1M | 215.4M | 170.5M | Total Revenue | 198.3M | 347.8M | 329.8M | 253.3M |
Homeco Daily fundamental ratios Correlations
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Homeco Daily Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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Additional Tools for Homeco Stock Analysis
When running Homeco Daily's price analysis, check to measure Homeco Daily'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 Homeco Daily is operating at the current time. Most of Homeco Daily's value examination focuses on studying past and present price action to predict the probability of Homeco Daily's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Homeco Daily's price. Additionally, you may evaluate how the addition of Homeco Daily to your portfolios can decrease your overall portfolio volatility.