Henderson Accounts Payable vs Other Current Liab Analysis

HHI Stock   164.50  0.50  0.30%   
Henderson High financial indicator trend analysis is much more than just examining Henderson High Income latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Henderson High Income is a good investment. Please check the relationship between Henderson High Accounts Payable and its Other Current Liab accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Henderson High Income. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

Accounts Payable vs Other Current Liab

Accounts Payable vs Other Current Liab Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Henderson High Income Accounts Payable account and Other Current Liab. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Henderson High's Accounts Payable and Other Current Liab is -0.52. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Other Current Liab in the same time period over historical financial statements of Henderson High Income, assuming nothing else is changed. The correlation between historical values of Henderson High's Accounts Payable and Other Current Liab is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Accounts Payable of Henderson High Income are associated (or correlated) with its Other Current Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Liab has no effect on the direction of Accounts Payable i.e., Henderson High's Accounts Payable and Other Current Liab go up and down completely randomly.

Correlation Coefficient

-0.52
Relationship DirectionNegative 
Relationship StrengthVery Weak

Accounts Payable

An accounting item on the balance sheet that represents Henderson High obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Henderson High Income are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.

Other Current Liab

Most indicators from Henderson High's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Henderson High Income 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 Henderson High Income. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.
The current year's Selling General Administrative is expected to grow to about 2 M, whereas Tax Provision is forecasted to decline to about 119.5 K.

Henderson High fundamental ratios Correlations

1.0-0.610.390.58-0.310.270.930.450.870.89-0.420.520.320.951.0-0.95-0.50.180.880.720.660.320.240.770.07
1.0-0.620.410.59-0.340.260.90.470.880.89-0.430.520.340.950.99-0.94-0.530.170.880.710.660.340.240.760.08
-0.61-0.620.1-0.360.35-0.17-0.51-0.57-0.74-0.760.04-0.12-0.46-0.58-0.630.630.63-0.25-0.74-0.38-0.66-0.46-0.36-0.46-0.36
0.390.410.10.4-0.20.350.280.020.290.36-0.60.47-0.150.450.38-0.31-0.260.10.280.5-0.16-0.150.160.350.07
0.580.59-0.360.4-0.450.170.50.580.660.67-0.520.90.410.640.61-0.61-0.780.310.660.470.140.410.310.38-0.05
-0.31-0.340.35-0.2-0.450.24-0.11-0.48-0.52-0.550.18-0.22-0.32-0.39-0.350.350.710.55-0.51-0.25-0.06-0.320.43-0.13-0.33
0.270.26-0.170.350.170.240.31-0.010.190.24-0.210.22-0.050.210.25-0.23-0.060.430.190.30.26-0.050.490.210.04
0.930.9-0.510.280.5-0.110.310.280.740.79-0.360.490.220.860.92-0.9-0.310.220.760.70.60.220.270.75-0.03
0.450.47-0.570.020.58-0.48-0.010.280.780.660.190.270.940.470.48-0.49-0.790.20.77-0.060.430.940.340.390.17
0.870.88-0.740.290.66-0.520.190.740.780.97-0.240.480.640.880.88-0.84-0.740.151.00.510.650.640.290.710.26
0.890.89-0.760.360.67-0.550.240.790.660.97-0.320.490.510.90.9-0.87-0.740.120.980.620.590.510.260.710.27
-0.42-0.430.04-0.6-0.520.18-0.21-0.360.19-0.24-0.32-0.740.46-0.53-0.390.260.21-0.14-0.23-0.840.080.460.01-0.140.13
0.520.52-0.120.470.9-0.220.220.490.270.480.49-0.740.090.570.51-0.45-0.460.30.470.590.030.090.250.29-0.18
0.320.34-0.46-0.150.41-0.32-0.050.220.940.640.510.460.090.310.36-0.42-0.610.160.63-0.310.411.00.330.40.18
0.950.95-0.580.450.64-0.390.210.860.470.880.9-0.530.570.310.94-0.89-0.570.160.880.730.530.310.160.80.13
1.00.99-0.630.380.61-0.350.250.920.480.880.9-0.390.510.360.94-0.97-0.560.180.890.690.650.360.240.770.07
-0.95-0.940.63-0.31-0.610.35-0.23-0.9-0.49-0.84-0.870.26-0.45-0.42-0.89-0.970.58-0.17-0.85-0.58-0.62-0.42-0.24-0.79-0.09
-0.5-0.530.63-0.26-0.780.71-0.06-0.31-0.79-0.74-0.740.21-0.46-0.61-0.57-0.560.58-0.19-0.73-0.3-0.27-0.61-0.26-0.3-0.15
0.180.17-0.250.10.310.550.430.220.20.150.12-0.140.30.160.160.18-0.17-0.190.150.130.210.160.90.13-0.31
0.880.88-0.740.280.66-0.510.190.760.771.00.98-0.230.470.630.880.89-0.85-0.730.150.510.660.630.290.720.26
0.720.71-0.380.50.47-0.250.30.7-0.060.510.62-0.840.59-0.310.730.69-0.58-0.30.130.510.3-0.310.090.33-0.07
0.660.66-0.66-0.160.14-0.060.260.60.430.650.590.080.030.410.530.65-0.62-0.270.210.660.30.410.280.530.33
0.320.34-0.46-0.150.41-0.32-0.050.220.940.640.510.460.091.00.310.36-0.42-0.610.160.63-0.310.410.330.40.18
0.240.24-0.360.160.310.430.490.270.340.290.260.010.250.330.160.24-0.24-0.260.90.290.090.280.330.19-0.2
0.770.76-0.460.350.38-0.130.210.750.390.710.71-0.140.290.40.80.77-0.79-0.30.130.720.330.530.40.190.39
0.070.08-0.360.07-0.05-0.330.04-0.030.170.260.270.13-0.180.180.130.07-0.09-0.15-0.310.26-0.070.330.18-0.20.39
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Henderson High Account Relationship Matchups

Henderson High fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets309.8M262.3M295.0M264.9M274.1M216.8M
Total Stockholder Equity251.1M211.4M236.2M214.3M222.3M169.9M
Retained Earnings91.6M51.9M76.7M52.7M8.9M8.5M
Accounts Payable38.9M31.1M38.9M30.7M35.3M34.9M
Cash2.7M595K3.9M(2.9M)2.0M1.5M
Other Assets2.1M1.9M295.0M7.7M2.1M2.0M
Total Liab58.7M51.0M58.7M49.0M51.7M46.9M
Other Current Liab(77.8M)(62.3M)(77.8M)(61.4M)1.2M1.3M
Total Current Liabilities38.9M31.1M38.9M30.7M31.9M27.5M
Net Debt55.1M49.1M53.5M51.9M48.5M28.8M
Non Current Assets Total305.1M259.8M289.1M260.1M270.0M231.1M
Non Currrent Assets Other(305.1M)(259.8M)(289.1M)(260.1M)(270.0M)(283.5M)
Long Term Debt19.8M19.8M19.8M19.8M17.9M18.1M
Cash And Short Term Investments2.7M595K3.9M(2.9M)2.0M1.3M
Liabilities And Stockholders Equity309.8M262.3M295.0M264.9M274.1M228.7M
Non Current Liabilities Total57.8M49.7M57.4M49.0M19.9M18.9M
Other Stockholder Equity126.8M83.9M153.1M128.8M180.6M93.7M
Total Current Assets4.8M2.5M5.9M(2.9M)4.1M2.2M
Net Receivables2.1M1.9M1.9M1.9M2.1M1.8M
Other Current Assets2.1M1.9M1.9M3.3M2.1M2.1M
Short Long Term Debt Total57.8M49.7M57.4M49.0M50.5M53.5M
Inventory(2.1M)(1.9M)(1.9M)(3.9M)(4.2M)(4.0M)
Short Term Debt38.0M29.9M37.6M29.1M30.6M27.0M
Current Deferred Revenue950K1.3M1.3M1.6M1.4M1.2M
Net Tangible Assets210.8M251.1M211.4M236.2M271.7M242.1M
Long Term Investments305.1M259.8M289.1M260.1M270.0M295.9M
Net Invested Capital308.9M261.1M293.7M263.3M272.8M226.7M

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Other Information on Investing in Henderson Stock

Balance Sheet is a snapshot of the financial position of Henderson High Income at a specified time, usually calculated after every quarter, six months, or one year. Henderson High Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Henderson High and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Henderson currently owns. An asset can also be divided into two categories, current and non-current.