Henderson Income Before Tax vs Interest Income 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 Income Before Tax and its Interest Income 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.
Income Before Tax vs Interest Income
Income Before Tax vs Interest Income Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Henderson High Income Income Before Tax account and Interest Income. At this time, the significance of the direction appears to have almost no relationship.
The correlation between Henderson High's Income Before Tax and Interest Income is 0.19. Overlapping area represents the amount of variation of Income Before Tax that can explain the historical movement of Interest Income 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 Income Before Tax and Interest Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Income Before Tax of Henderson High Income are associated (or correlated) with its Interest Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Interest Income has no effect on the direction of Income Before Tax i.e., Henderson High's Income Before Tax and Interest Income go up and down completely randomly.
Correlation Coefficient | 0.19 |
Relationship Direction | Positive |
Relationship Strength | Insignificant |
Income Before Tax
Income Before Tax which can also be referred as pre-tax income is reported on Henderson High income statement and is an important metric when analyzing Henderson High Income profitability. Accounting techniques because taxes can be complex, and not perfectly consistent from one company to company, an analyst may use pre-tax income as a more stable measure of profitability.Interest Income
Income earned from the investment of cash or from lending money to others, including interest from bank accounts, bonds, or other interest-bearing investments.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
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Henderson High Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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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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.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.