Horizon Net Debt vs Retained Earnings Analysis

HRZN Stock

USD 9.22 0.02 0.22%

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

Net Debt vs Retained Earnings

Net Debt vs Retained Earnings Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Horizon Technology Net Debt account and Retained Earnings. At this time, the significance of the direction appears to have pay attention.

The correlation between Horizon Technology's Net Debt and Retained Earnings is -0.91. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Retained Earnings in the same time period over historical financial statements of Horizon Technology Finance, assuming nothing else is changed. The correlation between historical values of Horizon Technology's Net Debt and Retained Earnings 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 Debt of Horizon Technology Finance are associated (or correlated) with its Retained Earnings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Retained Earnings has no effect on the direction of Net Debt i.e., Horizon Technology's Net Debt and Retained Earnings go up and down completely randomly.

Correlation Coefficient

-0.91

Relationship Direction	Negative
Relationship Strength	Significant

View All Relationships

Net Debt

The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.

Retained Earnings

The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.

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

At this time, Horizon Technology's Tax Provision is very stable compared to the past year. As of the 22nd of November 2024, Enterprise Value Over EBITDA is likely to grow to 65.18, while Selling General Administrative is likely to drop about 3.7 M.

	2021	2022	2023	2024 (projected)
Interest Income	54.4M	77.4M	110.1M	55.7M
Net Interest Income	42.4M	58.2M	81.2M	42.6M

Interest Income Net Interest Income

Horizon Technology fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Long Term Debt	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Common Stock
Total Assets		0.98	-0.93	-0.58	0.85	0.31	-0.94	0.99	-0.92	0.99	0.72	0.99	-0.96	0.55	0.63	0.51	-0.19	-0.3	0.98	0.69	-0.31	0.97	1.0	0.19	-0.39	-0.3
Short Long Term Debt Total	0.98		-0.89	-0.51	0.82	0.31	-0.91	0.97	-0.9	0.96	0.73	0.96	-0.91	0.59	0.62	0.51	-0.13	-0.25	0.96	0.68	-0.25	0.94	0.98	0.25	-0.31	-0.25
Other Current Liab	-0.93	-0.89		0.72	-0.83	-0.15	0.86	-0.93	0.93	-0.91	-0.67	-0.91	0.99	-0.38	-0.72	-0.46	0.04	0.14	-0.94	-0.69	0.47	-0.9	-0.93	-0.27	0.57	0.14
Total Current Liabilities	-0.58	-0.51	0.72		-0.57	0.07	0.55	-0.61	0.74	-0.55	-0.24	-0.58	0.72	0.03	-0.63	-0.09	0.0	0.06	-0.6	-0.4	0.73	-0.57	-0.58	-0.06	0.97	0.06
Total Stockholder Equity	0.85	0.82	-0.83	-0.57		0.48	-0.86	0.84	-0.76	0.84	0.53	0.88	-0.88	0.25	0.79	0.54	-0.34	-0.45	0.81	0.45	-0.52	0.86	0.83	-0.08	-0.43	-0.45
Other Liab	0.31	0.31	-0.15	0.07	0.48		-0.24	0.24	-0.21	0.36	0.22	0.4	-0.19	0.33	0.5	0.24	-0.84	-0.86	0.26	0.24	-0.1	0.46	0.25	-0.67	0.11	-0.86
Current Deferred Revenue	-0.94	-0.91	0.86	0.55	-0.86	-0.24		-0.94	0.81	-0.9	-0.69	-0.93	0.91	-0.41	-0.57	-0.56	0.15	0.26	-0.9	-0.58	0.37	-0.89	-0.94	-0.2	0.35	0.26
Net Debt	0.99	0.97	-0.93	-0.61	0.84	0.24	-0.94		-0.91	0.97	0.65	0.98	-0.95	0.51	0.62	0.44	-0.12	-0.23	0.96	0.63	-0.32	0.94	0.99	0.21	-0.42	-0.23
Retained Earnings	-0.92	-0.9	0.93	0.74	-0.76	-0.21	0.81	-0.91		-0.93	-0.7	-0.91	0.91	-0.59	-0.69	-0.46	0.11	0.21	-0.96	-0.82	0.34	-0.91	-0.93	-0.23	0.58	0.21
Accounts Payable	0.99	0.96	-0.91	-0.55	0.84	0.36	-0.9	0.97	-0.93		0.72	0.99	-0.93	0.62	0.6	0.51	-0.28	-0.39	0.98	0.75	-0.25	0.99	0.98	0.11	-0.36	-0.39
Cash	0.72	0.73	-0.67	-0.24	0.53	0.22	-0.69	0.65	-0.7	0.72		0.68	-0.63	0.64	0.48	0.86	-0.09	-0.18	0.78	0.77	-0.09	0.72	0.73	0.43	-0.06	-0.18
Non Current Assets Total	0.99	0.96	-0.91	-0.58	0.88	0.4	-0.93	0.98	-0.91	0.99	0.68		-0.94	0.54	0.65	0.47	-0.3	-0.41	0.97	0.67	-0.33	0.98	0.98	0.06	-0.4	-0.41
Non Currrent Assets Other	-0.96	-0.91	0.99	0.72	-0.88	-0.19	0.91	-0.95	0.91	-0.93	-0.63	-0.94		-0.34	-0.7	-0.45	0.1	0.21	-0.94	-0.63	0.5	-0.91	-0.95	-0.2	0.56	0.21
Other Assets	0.55	0.59	-0.38	0.03	0.25	0.33	-0.41	0.51	-0.59	0.62	0.64	0.54	-0.34		0.15	0.41	-0.17	-0.23	0.61	0.77	0.48	0.59	0.57	0.21	0.19	-0.23
Long Term Debt	0.63	0.62	-0.72	-0.63	0.79	0.5	-0.57	0.62	-0.69	0.6	0.48	0.65	-0.7	0.15		0.43	-0.25	-0.32	0.63	0.44	-0.64	0.67	0.61	-0.08	-0.56	-0.32
Cash And Short Term Investments	0.51	0.51	-0.46	-0.09	0.54	0.24	-0.56	0.44	-0.46	0.51	0.86	0.47	-0.45	0.41	0.43		-0.15	-0.22	0.54	0.54	-0.1	0.51	0.51	0.33	0.05	-0.22
Net Receivables	-0.19	-0.13	0.04	0.0	-0.34	-0.84	0.15	-0.12	0.11	-0.28	-0.09	-0.3	0.1	-0.17	-0.25	-0.15		0.99	-0.15	-0.14	0.15	-0.39	-0.12	0.84	-0.01	0.99
Common Stock Total Equity	-0.3	-0.25	0.14	0.06	-0.45	-0.86	0.26	-0.23	0.21	-0.39	-0.18	-0.41	0.21	-0.23	-0.32	-0.22	0.99		-0.26	-0.2	0.17	-0.49	-0.24	0.79	0.02	1.0
Common Stock Shares Outstanding	0.98	0.96	-0.94	-0.6	0.81	0.26	-0.9	0.96	-0.96	0.98	0.78	0.97	-0.94	0.61	0.63	0.54	-0.15	-0.26		0.78	-0.29	0.97	0.98	0.25	-0.41	-0.26
Non Current Liabilities Total	0.69	0.68	-0.69	-0.4	0.45	0.24	-0.58	0.63	-0.82	0.75	0.77	0.67	-0.63	0.77	0.44	0.54	-0.14	-0.2	0.78		0.0	0.74	0.69	0.28	-0.25	-0.2
Other Current Assets	-0.31	-0.25	0.47	0.73	-0.52	-0.1	0.37	-0.32	0.34	-0.25	-0.09	-0.33	0.5	0.48	-0.64	-0.1	0.15	0.17	-0.29	0.0		-0.32	-0.28	0.17	0.75	0.17
Other Stockholder Equity	0.97	0.94	-0.9	-0.57	0.86	0.46	-0.89	0.94	-0.91	0.99	0.72	0.98	-0.91	0.59	0.67	0.51	-0.39	-0.49	0.97	0.74	-0.32		0.95	0.0	-0.39	-0.49
Total Liab	1.0	0.98	-0.93	-0.58	0.83	0.25	-0.94	0.99	-0.93	0.98	0.73	0.98	-0.95	0.57	0.61	0.51	-0.12	-0.24	0.98	0.69	-0.28	0.95		0.25	-0.38	-0.24
Total Current Assets	0.19	0.25	-0.27	-0.06	-0.08	-0.67	-0.2	0.21	-0.23	0.11	0.43	0.06	-0.2	0.21	-0.08	0.33	0.84	0.79	0.25	0.28	0.17	0.0	0.25		0.04	0.8
Short Term Debt	-0.39	-0.31	0.57	0.97	-0.43	0.11	0.35	-0.42	0.58	-0.36	-0.06	-0.4	0.56	0.19	-0.56	0.05	-0.01	0.02	-0.41	-0.25	0.75	-0.39	-0.38	0.04		0.02
Common Stock	-0.3	-0.25	0.14	0.06	-0.45	-0.86	0.26	-0.23	0.21	-0.39	-0.18	-0.41	0.21	-0.23	-0.32	-0.22	0.99	1.0	-0.26	-0.2	0.17	-0.49	-0.24	0.8	0.02

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Horizon Technology Account Relationship Matchups

Horizon Technology fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	344.0M	407.2M	514.0M	766.8M	802.4M	842.5M
Short Long Term Debt Total	160.2M	185.8M	257.6M	434.1M	462.2M	485.3M
Other Current Liab	(4.7M)	(5.8M)	(6.4M)	(9.2M)	(11.0M)	(10.5M)
Total Current Liabilities	4.7M	5.8M	6.4M	9.2M	23.1M	21.9M
Total Stockholder Equity	184.1M	212.6M	245.3M	318.4M	324.0M	189.8M
Net Debt	145.6M	166.3M	219.6M	413.5M	389.2M	408.6M
Retained Earnings	(42.6M)	(58.7M)	(56.0M)	(67.5M)	(127.0M)	(120.7M)
Accounts Payable	4.7M	5.8M	6.4M	9.2M	11.0M	11.6M
Cash	6.5M	19.5M	38.1M	20.6M	46.6M	49.0M
Non Current Assets Total	329.3M	379.7M	465.9M	727.1M	739.2M	776.1M
Non Currrent Assets Other	(344.0M)	(407.2M)	(514.0M)	(766.8M)	(735.5M)	(698.8M)
Other Assets	2.7M	3.0M	3.8M	5.5M	802.4M	842.5M
Cash And Short Term Investments	6.5M	19.5M	38.1M	20.6M	46.6M	23.4M
Net Receivables	5.5M	4.9M	6.2M	13.6M	13.9M	10.2M
Common Stock Shares Outstanding	13.5M	17.5M	20.0M	24.7M	31.0M	32.5M
Liabilities And Stockholders Equity	344.0M	407.2M	514.0M	766.8M	802.4M	842.5M
Non Current Liabilities Total	152.1M	185.8M	257.6M	9.2M	414.3M	435.0M
Other Stockholder Equity	226.7M	271.3M	301.4M	385.9M	450.9M	473.5M
Total Liab	159.9M	194.6M	268.6M	448.4M	478.4M	502.3M
Total Current Assets	12.0M	24.4M	44.2M	34.2M	63.2M	66.4M
Common Stock	16K	19K	22K	29K	36K	34.2K
Net Tangible Assets	184.1M	212.6M	245.3M	318.4M	366.2M	203.7M
Long Term Investments	329.3M	379.7M	465.9M	727.1M	735.5M	413.4M
Net Invested Capital	336.1M	398.4M	502.9M	752.5M	786.2M	513.3M
Capital Stock	16K	19K	22K	29K	36K	24.6K

Pair Trading with Horizon Technology

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Horizon Technology position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Horizon Technology will appreciate offsetting losses from the drop in the long position's value.

Moving against Horizon Stock

0.92	BX	Blackstone Group Normal Trading	Pair Corr
0.92	MS	Morgan Stanley Fiscal Year End 21st of January 2025	Pair Corr
0.89	LC	LendingClub Corp	Pair Corr
0.88	DIST	Distoken Acquisition	Pair Corr
0.86	GS	Goldman Sachs Group Fiscal Year End 21st of January 2025	Pair Corr

The ability to find closely correlated positions to Horizon Technology could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Horizon Technology when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Horizon Technology - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Horizon Technology Finance to buy it.

The correlation of Horizon Technology is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Horizon Technology moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Horizon Technology moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Horizon Technology can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

When determining whether Horizon Technology offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Horizon Technology's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Horizon Technology Finance Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Horizon Technology Finance Stock:

How To Invest In Horizon

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Is Horizon Stock a good investment?

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What is Horizon Technology's Net Worth?

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Largest Asset Management & Custody Banks Companies

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Largest Financial Services Companies

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Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Horizon Technology Finance. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

You can also try the Latest Portfolios module to quick portfolio dashboard that showcases your latest portfolios.

Is Asset Management & Custody Banks space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Horizon Technology. If investors know Horizon will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Horizon Technology listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

0.371

Dividend Share

1.32

Earnings Share

(0.15)

Revenue Per Share

3.009

Quarterly Revenue Growth

(0.16)

The market value of Horizon Technology is measured differently than its book value, which is the value of Horizon that is recorded on the company's balance sheet. Investors also form their own opinion of Horizon Technology's value that differs from its market value or its book value, called intrinsic value, which is Horizon Technology's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Horizon Technology's market value can be influenced by many factors that don't directly affect Horizon Technology's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Horizon Technology's value and its price as these two are different measures arrived at by different means. Investors typically determine if Horizon Technology is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Horizon Technology's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Horizon Net Debt vs Retained Earnings Analysis

Net Debt vs Retained Earnings

Net Debt vs Retained Earnings Correlation Analysis

Correlation Coefficient

Net Debt

Retained Earnings

Horizon Technology fundamental ratios Correlations

Horizon Technology Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Horizon Technology fundamental ratios Accounts

Pair Trading with Horizon Technology

Moving against Horizon Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Liab	+ 1.0	Total Assets
Common Stock	+ 1.0	Common Stock Total Equity
Net Debt	+ 0.99	Total Assets
Accounts Payable	+ 0.99	Total Assets
Non Current Assets Total	+ 0.99	Total Assets
Non Currrent Assets Other	+ 0.99	Other Current Liab

Common Stock Shares Outstanding	- 0.96	Retained Earnings
Non Currrent Assets Other	- 0.96	Total Assets
Total Liab	- 0.95	Non Currrent Assets Other
Non Currrent Assets Other	- 0.95	Net Debt
Common Stock Shares Outstanding	- 0.94	Non Currrent Assets Other
Non Currrent Assets Other	- 0.94	Non Current Assets Total