MHO Historical Balance Sheet
MHO Stock | USD 164.54 0.58 0.35% |
Trend analysis of MI Homes balance sheet accounts such as Total Current Liabilities of 176.6 M provides information on MI Homes' total assets, liabilities, and equity, which is the actual value of MI Homes to its prevalent stockholders. By breaking down trends over time using MI Homes balance sheet statements, investors will see what precisely the company owns and what it owes to creditors or other parties at the end of each accounting year.
Financial Statement Analysis is much more than just reviewing and examining MI Homes latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether MI Homes is a good buy for the upcoming year.
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About MHO Balance Sheet Analysis
Balance Sheet is a snapshot of the financial position of MI Homes at a specified time, usually calculated after every quarter, six months, or one year. MI Homes Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of MI Homes 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 MHO currently owns. An asset can also be divided into two categories, current and non-current.
MI Homes Balance Sheet Chart
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Total Current Liabilities
Total Current Liabilities is an item on MI Homes balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of MI Homes are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.Total Stockholder Equity
The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.Property Plant And Equipment Net
The total value of a company's physical assets (such as land, buildings, and equipment) used in operations, net of depreciation. It reflects the company's investment in assets used for production.Most accounts from MI Homes' balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts one by one will only give a small insight into MI Homes current financial condition. On the other hand, looking into the entire matrix of balance sheet accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in MI Homes. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate. To learn how to invest in MHO Stock, please use our How to Invest in MI Homes guide.At this time, MI Homes' Cash is very stable compared to the past year. As of the 29th of November 2024, Non Current Assets Total is likely to grow to about 332 M, while Short and Long Term Debt Total is likely to drop about 494.5 M.
2021 | 2022 | 2023 | 2024 (projected) | Short and Long Term Debt Total | 1.2B | 1.2B | 917.2M | 494.5M | Total Assets | 3.2B | 3.7B | 4.0B | 4.2B |
MI Homes balance sheet Correlations
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MI Homes Account Relationship Matchups
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MI Homes balance sheet Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 2.1B | 2.6B | 3.2B | 3.7B | 4.0B | 4.2B | |
Short Long Term Debt Total | 773.2M | 924.4M | 1.2B | 1.2B | 917.2M | 494.5M | |
Other Current Liab | (176.8M) | (483.9M) | (374.0M) | (400.2M) | 74.3M | 78.0M | |
Total Current Liabilities | 125.0M | 185.7M | 244.5M | 228.6M | 289.8M | 176.6M | |
Total Stockholder Equity | 1.0B | 1.3B | 1.6B | 2.1B | 2.5B | 2.6B | |
Property Plant And Equipment Net | 40.5M | 78.9M | 88.6M | 97.9M | 91.3M | 95.8M | |
Net Debt | 767.1M | 663.5M | 777.1M | 688.0M | 184.4M | 175.1M | |
Retained Earnings | 708.6M | 948.5M | 1.3B | 1.8B | 2.3B | 2.4B | |
Accounts Payable | 125.0M | 185.7M | 244.5M | 228.6M | 204.7M | 214.9M | |
Cash | 6.1M | 260.8M | 236.4M | 311.5M | 732.8M | 769.4M | |
Non Current Assets Total | 174.8M | 231.3M | 275.4M | 332.2M | 316.2M | 332.0M | |
Non Currrent Assets Other | 70.3M | 95.2M | 103.0M | 148.4M | 137.7M | 144.6M | |
Cash And Short Term Investments | 6.1M | 260.8M | 236.4M | 311.5M | 732.8M | 769.4M | |
Net Receivables | (654.0K) | (15.9M) | 1.0 | (787K) | (19.1M) | (18.2M) | |
Common Stock Shares Outstanding | 28.5M | 29.2M | 29.9M | 28.5M | 28.7M | 23.8M | |
Liabilities And Stockholders Equity | 2.1B | 2.6B | 3.2B | 3.7B | 4.0B | 4.2B | |
Inventory | 1.8B | 1.9B | 2.5B | 2.8B | 2.8B | 2.9B | |
Other Stockholder Equity | 294.6M | 309.9M | 278.6M | 234.4M | 215.3M | 137.3M | |
Total Liab | 1.1B | 1.4B | 1.6B | 1.6B | 1.5B | 1.6B | |
Property Plant And Equipment Gross | 40.5M | 78.9M | 88.6M | 97.9M | 116.7M | 122.6M | |
Total Current Assets | 1.9B | 2.4B | 3.0B | 3.4B | 3.7B | 3.9B | |
Short Term Debt | 142.4M | 225.6M | 266.2M | 307.1M | 10.9M | 10.3M | |
Non Current Liabilities Total | 977.1M | 1.2B | 1.4B | 1.4B | 996.7M | 561.0M | |
Other Current Assets | 155.2M | 250.2M | 275.7M | 242.5M | 195.5M | 100.2M | |
Other Liab | 134.0M | 274.3M | 357.7M | 303.3M | 348.8M | 366.3M | |
Other Assets | 39.8M | 101.4M | 285.9M | 2.1B | (22.1M) | (21.0M) | |
Long Term Debt | 142.7M | 229.7M | 962.0M | 938.2M | 859.6M | 902.6M | |
Short Term Investments | 654K | 1.7M | 57.1M | 51.6M | 3.6M | 3.4M | |
Treasury Stock | (38.3M) | (29.1M) | (68.9M) | (118.2M) | (106.4M) | (101.1M) | |
Property Plant Equipment | 22.1M | 26.6M | 88.6M | 97.9M | 112.5M | 118.2M | |
Current Deferred Revenue | 34.5M | 72.6M | 107.9M | 93.1M | 85.1M | 89.4M | |
Intangible Assets | 9.6M | 9.2M | 8.4M | 15.8M | 10.7M | 7.4M | |
Retained Earnings Total Equity | 708.6M | 948.5M | 1.3B | 1.8B | 2.1B | 2.2B | |
Deferred Long Term Liab | 5.7M | 10.1M | 8.2M | 5.7M | 6.6M | 5.1M |
Pair Trading with MI Homes
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 MI Homes 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 MI Homes will appreciate offsetting losses from the drop in the long position's value.Moving together with MHO Stock
The ability to find closely correlated positions to MI Homes could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace MI Homes 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 MI Homes - 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 MI Homes to buy it.
The correlation of MI Homes 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 MI Homes moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if MI Homes 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 MI Homes 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.Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in MI Homes. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate. To learn how to invest in MHO Stock, please use our How to Invest in MI Homes guide.You can also try the Analyst Advice module to analyst recommendations and target price estimates broken down by several categories.
Is Household Durables 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 MI Homes. If investors know MHO 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 MI Homes 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 0.058 | Earnings Share 18.63 | Revenue Per Share 153.475 | Quarterly Revenue Growth 0.092 | Return On Assets 0.0973 |
The market value of MI Homes is measured differently than its book value, which is the value of MHO that is recorded on the company's balance sheet. Investors also form their own opinion of MI Homes' value that differs from its market value or its book value, called intrinsic value, which is MI Homes' 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 MI Homes' market value can be influenced by many factors that don't directly affect MI Homes' 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 MI Homes' value and its price as these two are different measures arrived at by different means. Investors typically determine if MI Homes is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, MI Homes' 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.