Honest Total Assets vs Long Term Debt Total 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 Total Assets and its Long Term Debt Total 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.

Total Assets vs Long Term Debt Total

Total Assets vs Long Term Debt Total Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Honest Company Total Assets account and Long Term Debt Total. At this time, the significance of the direction appears to have very strong relationship.

The correlation between Honest's Total Assets and Long Term Debt Total is 0.82. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Long Term Debt Total 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 Total Assets and Long Term Debt 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 Total Assets of Honest Company are associated (or correlated) with its Long Term Debt Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Long Term Debt Total has no effect on the direction of Total Assets i.e., Honest's Total Assets and Long Term Debt Total go up and down completely randomly.

Correlation Coefficient

0.82

Relationship Direction	Positive
Relationship Strength	Strong

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Total Assets

Total assets refers to the total amount of Honest assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Honest Company books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.

Long Term Debt Total

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 Total Assets vs Long Term Debt Total Analysis

Total Assets vs Long Term Debt Total

Total Assets vs Long Term Debt Total Correlation Analysis

Correlation Coefficient

Total Assets

Long Term Debt Total

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