HRN Stock | | | 25.00 3.00 13.64% |
Hornby PLC financial indicator trend analysis is much more than just examining Hornby PLC latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Hornby PLC is a good investment. Please check the relationship between Hornby PLC Non Current Liabilities Total and its Other Current Assets accounts. Check out
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Hornby PLC. 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.
Non Current Liabilities Total vs Other Current Assets
Non Current Liabilities Total vs Other Current Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Hornby PLC Non Current Liabilities Total account and
Other Current Assets. At this time, the significance of the direction appears to have no relationship.
The correlation between Hornby PLC's Non Current Liabilities Total and Other Current Assets is 0.01. Overlapping area represents the amount of variation of Non Current Liabilities Total that can explain the historical movement of Other Current Assets in the same time period over historical financial statements of Hornby PLC, assuming nothing else is changed. The correlation between historical values of Hornby PLC's Non Current Liabilities Total and Other Current Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Non Current Liabilities Total of Hornby PLC are associated (or correlated) with its Other Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Assets has no effect on the direction of Non Current Liabilities Total i.e., Hornby PLC's Non Current Liabilities Total and Other Current Assets go up and down completely randomly.
Correlation Coefficient | 0.01 |
Relationship Direction | Positive |
Relationship Strength | Insignificant |
Non Current Liabilities Total
Other Current Assets
Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.
Most indicators from Hornby PLC's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Hornby PLC 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 Hornby PLC. 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
Tax Provision is expected to grow to about 3.5
M, whereas
Selling General Administrative is forecasted to decline to about 6.3
M.
Hornby PLC fundamental ratios Correlations
Click cells to compare fundamentals
Hornby PLC Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Hornby PLC fundamental ratios Accounts
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Other Information on Investing in Hornby Stock
Balance Sheet is a snapshot of the
financial position of Hornby PLC at a specified time, usually calculated after every quarter, six months, or one year. Hornby PLC Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Hornby PLC 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 Hornby currently owns. An asset can also be divided into two categories, current and non-current.