Henderson Gross Profit vs Tax Provision Analysis

HHI Stock

165.50 1.00 0.61%

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 Gross Profit and its Tax Provision 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.

Gross Profit vs Tax Provision

Gross Profit vs Tax Provision Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Henderson High Income Gross Profit account and Tax Provision. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Henderson High's Gross Profit and Tax Provision is -0.33. Overlapping area represents the amount of variation of Gross Profit that can explain the historical movement of Tax Provision 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 Gross Profit 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 Gross Profit of Henderson High Income 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 Gross Profit i.e., Henderson High's Gross Profit and Tax Provision go up and down completely randomly.

Correlation Coefficient

-0.33

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Gross Profit

Gross profit is a required income statement account that reflects total revenue of Henderson High Income minus its cost of goods sold. It is profit before Henderson High operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.

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 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

	Total Assets	Total Stockholder Equity	Other Liab	Retained Earnings	Accounts Payable	Cash	Other Assets	Total Liab	Preferred Stock Total Equity	Common Stock	Common Stock Shares Outstanding	Other Current Liab	Total Current Liabilities	Property Plant And Equipment Net	Net Debt	Non Current Assets Total	Non Currrent Assets Other	Long Term Debt	Cash And Short Term Investments	Common Stock Total Equity	Non Current Liabilities Total	Other Stockholder Equity	Property Plant And Equipment Gross	Total Current Assets	Net Receivables	Other Current Assets
Total Assets		1.0	-0.61	0.39	0.58	-0.31	0.27	0.93	0.45	0.87	0.89	-0.42	0.52	0.32	0.95	1.0	-0.95	-0.5	0.18	0.88	0.72	0.66	0.32	0.24	0.77	0.07
Total Stockholder Equity	1.0		-0.62	0.41	0.59	-0.34	0.26	0.9	0.47	0.88	0.89	-0.43	0.52	0.34	0.95	0.99	-0.94	-0.53	0.17	0.88	0.71	0.66	0.34	0.24	0.76	0.08
Other Liab	-0.61	-0.62		0.1	-0.36	0.35	-0.17	-0.51	-0.57	-0.74	-0.76	0.04	-0.12	-0.46	-0.58	-0.63	0.63	0.63	-0.25	-0.74	-0.38	-0.66	-0.46	-0.36	-0.46	-0.36
Retained Earnings	0.39	0.41	0.1		0.4	-0.2	0.35	0.28	0.02	0.29	0.36	-0.6	0.47	-0.15	0.45	0.38	-0.31	-0.26	0.1	0.28	0.5	-0.16	-0.15	0.16	0.35	0.07
Accounts Payable	0.58	0.59	-0.36	0.4		-0.45	0.17	0.5	0.58	0.66	0.67	-0.52	0.9	0.41	0.64	0.61	-0.61	-0.78	0.31	0.66	0.47	0.14	0.41	0.31	0.38	-0.05
Cash	-0.31	-0.34	0.35	-0.2	-0.45		0.24	-0.11	-0.48	-0.52	-0.55	0.18	-0.22	-0.32	-0.39	-0.35	0.35	0.71	0.55	-0.51	-0.25	-0.06	-0.32	0.43	-0.13	-0.33
Other Assets	0.27	0.26	-0.17	0.35	0.17	0.24		0.31	-0.01	0.19	0.24	-0.21	0.22	-0.05	0.21	0.25	-0.23	-0.06	0.43	0.19	0.3	0.26	-0.05	0.49	0.21	0.04
Total Liab	0.93	0.9	-0.51	0.28	0.5	-0.11	0.31		0.28	0.74	0.79	-0.36	0.49	0.22	0.86	0.92	-0.9	-0.31	0.22	0.76	0.7	0.6	0.22	0.27	0.75	-0.03
Preferred Stock Total Equity	0.45	0.47	-0.57	0.02	0.58	-0.48	-0.01	0.28		0.78	0.66	0.19	0.27	0.94	0.47	0.48	-0.49	-0.79	0.2	0.77	-0.06	0.43	0.94	0.34	0.39	0.17
Common Stock	0.87	0.88	-0.74	0.29	0.66	-0.52	0.19	0.74	0.78		0.97	-0.24	0.48	0.64	0.88	0.88	-0.84	-0.74	0.15	1.0	0.51	0.65	0.64	0.29	0.71	0.26
Common Stock Shares Outstanding	0.89	0.89	-0.76	0.36	0.67	-0.55	0.24	0.79	0.66	0.97		-0.32	0.49	0.51	0.9	0.9	-0.87	-0.74	0.12	0.98	0.62	0.59	0.51	0.26	0.71	0.27
Other Current Liab	-0.42	-0.43	0.04	-0.6	-0.52	0.18	-0.21	-0.36	0.19	-0.24	-0.32		-0.74	0.46	-0.53	-0.39	0.26	0.21	-0.14	-0.23	-0.84	0.08	0.46	0.01	-0.14	0.13
Total Current Liabilities	0.52	0.52	-0.12	0.47	0.9	-0.22	0.22	0.49	0.27	0.48	0.49	-0.74		0.09	0.57	0.51	-0.45	-0.46	0.3	0.47	0.59	0.03	0.09	0.25	0.29	-0.18
Property Plant And Equipment Net	0.32	0.34	-0.46	-0.15	0.41	-0.32	-0.05	0.22	0.94	0.64	0.51	0.46	0.09		0.31	0.36	-0.42	-0.61	0.16	0.63	-0.31	0.41	1.0	0.33	0.4	0.18
Net Debt	0.95	0.95	-0.58	0.45	0.64	-0.39	0.21	0.86	0.47	0.88	0.9	-0.53	0.57	0.31		0.94	-0.89	-0.57	0.16	0.88	0.73	0.53	0.31	0.16	0.8	0.13
Non Current Assets Total	1.0	0.99	-0.63	0.38	0.61	-0.35	0.25	0.92	0.48	0.88	0.9	-0.39	0.51	0.36	0.94		-0.97	-0.56	0.18	0.89	0.69	0.65	0.36	0.24	0.77	0.07
Non Currrent Assets Other	-0.95	-0.94	0.63	-0.31	-0.61	0.35	-0.23	-0.9	-0.49	-0.84	-0.87	0.26	-0.45	-0.42	-0.89	-0.97		0.58	-0.17	-0.85	-0.58	-0.62	-0.42	-0.24	-0.79	-0.09
Long Term Debt	-0.5	-0.53	0.63	-0.26	-0.78	0.71	-0.06	-0.31	-0.79	-0.74	-0.74	0.21	-0.46	-0.61	-0.57	-0.56	0.58		-0.19	-0.73	-0.3	-0.27	-0.61	-0.26	-0.3	-0.15
Cash And Short Term Investments	0.18	0.17	-0.25	0.1	0.31	0.55	0.43	0.22	0.2	0.15	0.12	-0.14	0.3	0.16	0.16	0.18	-0.17	-0.19		0.15	0.13	0.21	0.16	0.9	0.13	-0.31
Common Stock Total Equity	0.88	0.88	-0.74	0.28	0.66	-0.51	0.19	0.76	0.77	1.0	0.98	-0.23	0.47	0.63	0.88	0.89	-0.85	-0.73	0.15		0.51	0.66	0.63	0.29	0.72	0.26
Non Current Liabilities Total	0.72	0.71	-0.38	0.5	0.47	-0.25	0.3	0.7	-0.06	0.51	0.62	-0.84	0.59	-0.31	0.73	0.69	-0.58	-0.3	0.13	0.51		0.3	-0.31	0.09	0.33	-0.07
Other Stockholder Equity	0.66	0.66	-0.66	-0.16	0.14	-0.06	0.26	0.6	0.43	0.65	0.59	0.08	0.03	0.41	0.53	0.65	-0.62	-0.27	0.21	0.66	0.3		0.41	0.28	0.53	0.33
Property Plant And Equipment Gross	0.32	0.34	-0.46	-0.15	0.41	-0.32	-0.05	0.22	0.94	0.64	0.51	0.46	0.09	1.0	0.31	0.36	-0.42	-0.61	0.16	0.63	-0.31	0.41		0.33	0.4	0.18
Total Current Assets	0.24	0.24	-0.36	0.16	0.31	0.43	0.49	0.27	0.34	0.29	0.26	0.01	0.25	0.33	0.16	0.24	-0.24	-0.26	0.9	0.29	0.09	0.28	0.33		0.19	-0.2
Net Receivables	0.77	0.76	-0.46	0.35	0.38	-0.13	0.21	0.75	0.39	0.71	0.71	-0.14	0.29	0.4	0.8	0.77	-0.79	-0.3	0.13	0.72	0.33	0.53	0.4	0.19		0.39
Other Current Assets	0.07	0.08	-0.36	0.07	-0.05	-0.33	0.04	-0.03	0.17	0.26	0.27	0.13	-0.18	0.18	0.13	0.07	-0.09	-0.15	-0.31	0.26	-0.07	0.33	0.18	-0.2	0.39

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Henderson High Account Relationship Matchups

Henderson High fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	309.8M	262.3M	295.0M	264.9M	274.1M	216.8M
Total Stockholder Equity	251.1M	211.4M	236.2M	214.3M	222.3M	169.9M
Retained Earnings	91.6M	51.9M	76.7M	52.7M	8.9M	8.5M
Accounts Payable	38.9M	31.1M	38.9M	30.7M	35.3M	34.9M
Cash	2.7M	595K	3.9M	(2.9M)	2.0M	1.5M
Other Assets	2.1M	1.9M	295.0M	7.7M	2.1M	2.0M
Total Liab	58.7M	51.0M	58.7M	49.0M	51.7M	46.9M
Other Current Liab	(77.8M)	(62.3M)	(77.8M)	(61.4M)	1.2M	1.3M
Total Current Liabilities	38.9M	31.1M	38.9M	30.7M	31.9M	27.5M
Net Debt	55.1M	49.1M	53.5M	51.9M	48.5M	28.8M
Non Current Assets Total	305.1M	259.8M	289.1M	260.1M	270.0M	231.1M
Non Currrent Assets Other	(305.1M)	(259.8M)	(289.1M)	(260.1M)	(270.0M)	(283.5M)
Long Term Debt	19.8M	19.8M	19.8M	19.8M	17.9M	18.1M
Cash And Short Term Investments	2.7M	595K	3.9M	(2.9M)	2.0M	1.3M
Liabilities And Stockholders Equity	309.8M	262.3M	295.0M	264.9M	274.1M	228.7M
Non Current Liabilities Total	57.8M	49.7M	57.4M	49.0M	19.9M	18.9M
Other Stockholder Equity	126.8M	83.9M	153.1M	128.8M	180.6M	93.7M
Total Current Assets	4.8M	2.5M	5.9M	(2.9M)	4.1M	2.2M
Net Receivables	2.1M	1.9M	1.9M	1.9M	2.1M	1.8M
Other Current Assets	2.1M	1.9M	1.9M	3.3M	2.1M	2.1M
Short Long Term Debt Total	57.8M	49.7M	57.4M	49.0M	50.5M	53.5M
Inventory	(2.1M)	(1.9M)	(1.9M)	(3.9M)	(4.2M)	(4.0M)
Short Term Debt	38.0M	29.9M	37.6M	29.1M	30.6M	27.0M
Current Deferred Revenue	950K	1.3M	1.3M	1.6M	1.4M	1.2M
Net Tangible Assets	210.8M	251.1M	211.4M	236.2M	271.7M	242.1M
Long Term Investments	305.1M	259.8M	289.1M	260.1M	270.0M	295.9M
Net Invested Capital	308.9M	261.1M	293.7M	263.3M	272.8M	226.7M

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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.

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Henderson Gross Profit vs Tax Provision Analysis

Gross Profit vs Tax Provision

Gross Profit vs Tax Provision Correlation Analysis

Correlation Coefficient

Gross Profit

Tax Provision

Henderson High fundamental ratios Correlations

Henderson High Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Henderson High fundamental ratios Accounts

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Other Information on Investing in Henderson Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Stockholder Equity	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Total Assets
Common Stock Total Equity	+ 1.0	Common Stock
Property Plant And Equipment Gross	+ 1.0	Property Plant And Equipment Net
Non Current Assets Total	+ 0.99	Total Stockholder Equity
Common Stock Total Equity	+ 0.98	Common Stock Shares Outstanding

Non Currrent Assets Other	- 0.97	Non Current Assets Total
Non Currrent Assets Other	- 0.95	Total Assets
Non Currrent Assets Other	- 0.94	Total Stockholder Equity
Non Currrent Assets Other	- 0.9	Total Liab
Non Currrent Assets Other	- 0.89	Net Debt
Non Currrent Assets Other	- 0.87	Common Stock Shares Outstanding