Honest Net Invested Capital vs Short Term Investments Analysis

HNST Stock

USD 8.57 0.42 5.15%

Honest financial indicator trend analysis is much more than just examining Honest Company latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Honest Company is a good investment. Please check the relationship between Honest Net Invested Capital and its Short Term Investments accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Honest Company. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

Net Invested Capital vs Short Term Investments

Net Invested Capital vs Short Term Investments Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Honest Company Net Invested Capital account and Short Term Investments. At this time, the significance of the direction appears to have pay attention.

The correlation between Honest's Net Invested Capital and Short Term Investments is -0.86. Overlapping area represents the amount of variation of Net Invested Capital that can explain the historical movement of Short Term Investments in the same time period over historical financial statements of Honest Company, assuming nothing else is changed. The correlation between historical values of Honest's Net Invested Capital and Short Term Investments 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 Invested Capital of Honest Company are associated (or correlated) with its Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Term Investments has no effect on the direction of Net Invested Capital i.e., Honest's Net Invested Capital and Short Term Investments go up and down completely randomly.

Correlation Coefficient

-0.86

Relationship Direction	Negative
Relationship Strength	Significant

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Net Invested Capital

The total amount of capital invested in a company, including both equity and debt, minus any cash or cash equivalents.

Short Term Investments

Short Term Investments is an item under the current assets section of Honest balance sheet. It contains any investments Honest Company undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that Honest Company can easily liquidate in the marketplace.

Most indicators from Honest's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Honest Company 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 Honest Company. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

At this time, Honest's Sales General And Administrative To Revenue is comparatively stable compared to the past year. Enterprise Value is likely to gain to about 477.2 M in 2024, whereas Tax Provision is likely to drop slightly above 100.3 K in 2024.

	2021	2022	2023	2024 (projected)
Interest Expense	1.8M	494K	269K	255.6K
Depreciation And Amortization	4.1M	2.8M	2.7M	3.5M

Interest Expense Depreciation And Amortization

Honest fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Net Receivables	Good Will	Common Stock Total Equity	Common Stock Shares Outstanding	Short Term Investments	Non Current Liabilities Total	Capital Lease Obligations	Inventory	Other Current Assets
Total Assets		0.74	-0.31	-0.28	-0.15	0.52	-0.22	0.52	-0.67	0.12	0.57	0.49	0.11	0.56	-0.16	0.58	0.48	-0.37	0.82	-0.13	-0.83	0.44	0.24	0.74	-0.09	0.11
Short Long Term Debt Total	0.74		-0.62	-0.69	-0.73	0.86	-0.77	0.91	-0.79	0.71	0.93	-0.01	-0.52	0.92	-0.45	0.45	0.66	-0.77	0.94	-0.7	-0.33	0.84	0.78	1.0	-0.51	-0.43
Other Current Liab	-0.31	-0.62		0.96	0.78	-0.92	0.78	-0.87	0.39	-0.36	-0.83	0.36	0.24	-0.81	0.68	0.17	-0.96	0.88	-0.48	0.77	0.27	-0.92	-0.81	-0.62	0.96	0.85
Total Current Liabilities	-0.28	-0.69	0.96		0.82	-0.92	0.83	-0.9	0.43	-0.58	-0.86	0.53	0.47	-0.83	0.81	0.23	-0.9	0.85	-0.54	0.8	0.14	-0.97	-0.85	-0.69	0.95	0.89
Total Stockholder Equity	-0.15	-0.73	0.78	0.82		-0.88	1.0	-0.89	0.47	-0.74	-0.89	0.35	0.65	-0.9	0.42	-0.15	-0.67	0.91	-0.57	0.96	-0.2	-0.86	-1.0	-0.73	0.81	0.84
Other Liab	0.52	0.86	-0.92	-0.92	-0.88		-0.9	0.98	-0.64	0.55	0.98	-0.18	-0.38	0.97	-0.55	0.17	0.92	-0.96	0.73	-0.86	-0.28	0.97	0.92	0.86	-0.85	-0.75
Net Tangible Assets	-0.22	-0.77	0.78	0.83	1.0	-0.9		-0.91	0.52	-0.75	-0.91	0.32	0.65	-0.92	0.42	-0.19	-0.69	0.92	-0.62	0.96	-0.15	-0.88	-1.0	-0.77	0.79	0.81
Property Plant And Equipment Net	0.52	0.91	-0.87	-0.9	-0.89	0.98	-0.91		-0.71	0.67	0.98	-0.24	-0.51	0.98	-0.57	0.2	0.87	-0.95	0.76	-0.89	-0.22	0.97	0.93	0.91	-0.79	-0.71
Current Deferred Revenue	-0.67	-0.79	0.39	0.43	0.47	-0.64	0.52	-0.71		-0.47	-0.67	-0.14	0.32	-0.74	0.19	-0.52	-0.55	0.66	-0.61	0.6	0.37	-0.59	-0.53	-0.79	0.19	0.06
Net Debt	0.12	0.71	-0.36	-0.58	-0.74	0.55	-0.75	0.67	-0.47		0.67	-0.53	-0.97	0.64	-0.52	0.08	0.27	-0.53	0.59	-0.7	0.38	0.66	0.73	0.71	-0.42	-0.54
Retained Earnings	0.57	0.93	-0.83	-0.86	-0.89	0.98	-0.91	0.98	-0.67	0.67		-0.15	-0.5	0.99	-0.52	0.28	0.82	-0.92	0.84	-0.84	-0.24	0.95	0.93	0.93	-0.76	-0.69
Accounts Payable	0.49	-0.01	0.36	0.53	0.35	-0.18	0.32	-0.24	-0.14	-0.53	-0.15		0.64	-0.09	0.76	0.79	-0.21	0.17	0.15	0.36	-0.51	-0.4	-0.31	-0.01	0.52	0.64
Cash	0.11	-0.52	0.24	0.47	0.65	-0.38	0.65	-0.51	0.32	-0.97	-0.5	0.64		-0.47	0.47	0.06	-0.11	0.39	-0.39	0.62	-0.57	-0.52	-0.63	-0.52	0.34	0.51
Non Current Assets Total	0.56	0.92	-0.81	-0.83	-0.9	0.97	-0.92	0.98	-0.74	0.64	0.99	-0.09	-0.47		-0.43	0.35	0.82	-0.95	0.79	-0.89	-0.22	0.92	0.93	0.92	-0.73	-0.65
Non Currrent Assets Other	-0.16	-0.45	0.68	0.81	0.42	-0.55	0.42	-0.57	0.19	-0.52	-0.52	0.76	0.47	-0.43		0.59	-0.62	0.4	-0.36	0.4	0.13	-0.73	-0.44	-0.45	0.7	0.67
Other Assets	0.58	0.45	0.17	0.23	-0.15	0.17	-0.19	0.2	-0.52	0.08	0.28	0.79	0.06	0.35	0.59		-0.06	-0.21	0.51	-0.13	-0.25	-0.02	0.18	0.45	0.31	0.36
Cash And Short Term Investments	0.48	0.66	-0.96	-0.9	-0.67	0.92	-0.69	0.87	-0.55	0.27	0.82	-0.21	-0.11	0.82	-0.62	-0.06		-0.87	0.52	-0.71	-0.47	0.9	0.72	0.66	-0.86	-0.69
Net Receivables	-0.37	-0.77	0.88	0.85	0.91	-0.96	0.92	-0.95	0.66	-0.53	-0.92	0.17	0.39	-0.95	0.4	-0.21	-0.87		-0.58	0.94	0.13	-0.9	-0.94	-0.77	0.81	0.73
Good Will	0.82	0.94	-0.48	-0.54	-0.57	0.73	-0.62	0.76	-0.61	0.59	0.84	0.15	-0.39	0.79	-0.36	0.51	0.52	-0.58		-0.47	-0.42	0.7	0.63	0.94	-0.38	-0.31
Common Stock Total Equity	-0.13	-0.7	0.77	0.8	0.96	-0.86	0.96	-0.89	0.6	-0.7	-0.84	0.36	0.62	-0.89	0.4	-0.13	-0.71	0.94	-0.47		-0.18	-0.84	-0.96	-0.7	0.76	0.76
Common Stock Shares Outstanding	-0.83	-0.33	0.27	0.14	-0.2	-0.28	-0.15	-0.22	0.37	0.38	-0.24	-0.51	-0.57	-0.22	0.13	-0.25	-0.47	0.13	-0.42	-0.18		-0.2	0.11	-0.33	0.04	-0.23
Short Term Investments	0.44	0.84	-0.92	-0.97	-0.86	0.97	-0.88	0.97	-0.59	0.66	0.95	-0.4	-0.52	0.92	-0.73	-0.02	0.9	-0.9	0.7	-0.84	-0.2		0.9	0.84	-0.88	-0.8
Non Current Liabilities Total	0.24	0.78	-0.81	-0.85	-1.0	0.92	-1.0	0.93	-0.53	0.73	0.93	-0.31	-0.63	0.93	-0.44	0.18	0.72	-0.94	0.63	-0.96	0.11	0.9		0.78	-0.81	-0.82
Capital Lease Obligations	0.74	1.0	-0.62	-0.69	-0.73	0.86	-0.77	0.91	-0.79	0.71	0.93	-0.01	-0.52	0.92	-0.45	0.45	0.66	-0.77	0.94	-0.7	-0.33	0.84	0.78		-0.51	-0.43
Inventory	-0.09	-0.51	0.96	0.95	0.81	-0.85	0.79	-0.79	0.19	-0.42	-0.76	0.52	0.34	-0.73	0.7	0.31	-0.86	0.81	-0.38	0.76	0.04	-0.88	-0.81	-0.51		0.96
Other Current Assets	0.11	-0.43	0.85	0.89	0.84	-0.75	0.81	-0.71	0.06	-0.54	-0.69	0.64	0.51	-0.65	0.67	0.36	-0.69	0.73	-0.31	0.76	-0.23	-0.8	-0.82	-0.43	0.96

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Honest Net Invested Capital vs Short Term Investments Analysis

Net Invested Capital vs Short Term Investments

Net Invested Capital vs Short Term Investments Correlation Analysis

Correlation Coefficient

Net Invested Capital

Short Term Investments

Honest fundamental ratios Correlations

Honest Account Relationship Matchups

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Capital Lease Obligations	+ 1.0	Short Long Term Debt Total
Net Tangible Assets	+ 1.0	Total Stockholder Equity
Non Current Assets Total	+ 0.99	Retained Earnings
Property Plant And Equipment Net	+ 0.98	Other Liab
Retained Earnings	+ 0.98	Other Liab
Retained Earnings	+ 0.98	Property Plant And Equipment Net

Non Current Liabilities Total	- 1.0	Net Tangible Assets
Non Current Liabilities Total	- 1.0	Total Stockholder Equity
Cash	- 0.97	Net Debt
Short Term Investments	- 0.97	Total Current Liabilities
Non Current Liabilities Total	- 0.96	Common Stock Total Equity
Net Receivables	- 0.96	Other Liab