Holley Other Current Liab vs Non Current Assets Total Analysis

HLLY Stock  USD 2.74  0.09  3.40%   
Holley financial indicator trend analysis is much more than just examining Holley Inc latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Holley Inc is a good investment. Please check the relationship between Holley Other Current Liab and its Non Current Assets Total accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Holley Inc. 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.

Other Current Liab vs Non Current Assets Total

Other Current Liab vs Non Current Assets Total Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Holley Inc Other Current Liab account and Non Current Assets Total. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Holley's Other Current Liab and Non Current Assets Total is 0.94. Overlapping area represents the amount of variation of Other Current Liab that can explain the historical movement of Non Current Assets Total in the same time period over historical financial statements of Holley Inc, assuming nothing else is changed. The correlation between historical values of Holley's Other Current Liab and Non Current Assets Total is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Current Liab of Holley Inc are associated (or correlated) with its Non Current Assets Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Assets Total has no effect on the direction of Other Current Liab i.e., Holley's Other Current Liab and Non Current Assets Total go up and down completely randomly.

Correlation Coefficient

0.94
Relationship DirectionPositive 
Relationship StrengthVery Strong

Other Current Liab

Non Current Assets Total

The total value of a company's long-term assets, which are not expected to be converted into cash or used up within one year or the operating cycle, including property, plant, and equipment, and intangible assets.
Most indicators from Holley's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Holley Inc 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 Holley Inc. 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.
At this time, Holley's Tax Provision is fairly stable compared to the past year. Sales General And Administrative To Revenue is likely to rise to 0.20 in 2024, whereas Selling General Administrative is likely to drop slightly above 108.5 M in 2024.
 2021 2022 2023 2024 (projected)
EBIT126.9M118.5M87.2M86.3M
Other Operating Expenses565.9M630.8M565.7M454.6M

Holley fundamental ratios Correlations

0.940.941.00.920.840.990.930.950.850.990.761.00.390.980.760.981.0-0.40.930.940.790.930.951.00.94
0.940.990.950.760.740.950.790.980.790.920.90.930.550.970.90.960.92-0.620.960.80.650.750.970.940.78
0.940.990.960.790.750.960.810.960.780.930.920.940.550.980.920.970.92-0.640.950.810.650.770.960.950.81
1.00.950.960.910.820.990.930.950.840.990.80.990.40.980.80.980.99-0.450.930.930.760.910.951.00.93
0.920.760.790.910.690.920.990.80.920.910.570.920.330.870.570.840.93-0.080.710.950.650.980.760.921.0
0.840.740.750.820.690.780.660.760.510.880.610.850.140.810.610.870.86-0.450.870.760.980.780.870.820.71
0.990.950.960.990.920.780.920.950.90.970.820.990.530.990.820.970.98-0.430.910.90.70.90.940.980.92
0.930.790.810.930.990.660.920.830.920.910.580.920.30.870.580.840.93-0.110.730.970.630.970.780.931.0
0.950.980.960.950.80.760.950.830.810.930.80.950.430.950.80.940.93-0.50.960.870.70.810.970.950.82
0.850.790.780.840.920.510.90.920.810.810.620.860.580.850.620.780.86-0.080.660.830.430.860.710.840.91
0.990.920.930.990.910.880.970.910.930.810.760.990.350.970.760.980.99-0.430.930.930.830.930.950.990.92
0.760.90.920.80.570.610.820.580.80.620.760.760.750.871.00.870.74-0.820.830.520.450.510.840.770.59
1.00.930.940.990.920.850.990.920.950.860.990.760.390.980.760.981.0-0.390.930.940.80.940.950.990.93
0.390.550.550.40.330.140.530.30.430.580.350.750.390.550.750.470.38-0.460.380.13-0.070.220.390.380.31
0.980.970.980.980.870.810.990.870.950.850.970.870.980.550.870.990.97-0.520.940.860.720.860.960.980.88
0.760.90.920.80.570.610.820.580.80.620.761.00.760.750.870.870.74-0.820.830.520.450.510.840.770.59
0.980.960.970.980.840.870.970.840.940.780.980.870.980.470.990.870.97-0.580.970.850.790.850.980.970.86
1.00.920.920.990.930.860.980.930.930.860.990.741.00.380.970.740.97-0.360.910.940.810.950.940.990.94
-0.4-0.62-0.64-0.45-0.08-0.45-0.43-0.11-0.5-0.08-0.43-0.82-0.39-0.46-0.52-0.82-0.58-0.36-0.65-0.13-0.33-0.06-0.61-0.42-0.12
0.930.960.950.930.710.870.910.730.960.660.930.830.930.380.940.830.970.91-0.650.80.810.751.00.920.74
0.940.80.810.930.950.760.90.970.870.830.930.520.940.130.860.520.850.94-0.130.80.760.970.840.940.96
0.790.650.650.760.650.980.70.630.70.430.830.450.8-0.070.720.450.790.81-0.330.810.760.770.810.770.67
0.930.750.770.910.980.780.90.970.810.860.930.510.940.220.860.510.850.95-0.060.750.970.770.790.920.98
0.950.970.960.950.760.870.940.780.970.710.950.840.950.390.960.840.980.94-0.611.00.840.810.790.950.79
1.00.940.951.00.920.820.980.930.950.840.990.770.990.380.980.770.970.99-0.420.920.940.770.920.950.94
0.940.780.810.931.00.710.921.00.820.910.920.590.930.310.880.590.860.94-0.120.740.960.670.980.790.94
Click cells to compare fundamentals

Holley Account Relationship Matchups

Also Currently Popular

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.

Additional Tools for Holley Stock Analysis

When running Holley's price analysis, check to measure Holley'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 Holley is operating at the current time. Most of Holley's value examination focuses on studying past and present price action to predict the probability of Holley's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Holley's price. Additionally, you may evaluate how the addition of Holley to your portfolios can decrease your overall portfolio volatility.