Totally Net Tangible Assets vs Net Debt Analysis

THP Stock

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Totally Hip financial indicator trend analysis is much more than just breaking down Totally Hip Technologies prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Totally Hip Technologies is a good investment. Please check the relationship between Totally Hip Net Tangible Assets and its Net Debt accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Totally Hip Technologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Net Tangible Assets vs Net Debt

Net Tangible Assets vs Net Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Totally Hip Technologies Net Tangible Assets account and Net Debt. At this time, the significance of the direction appears to have pay attention.

The correlation between Totally Hip's Net Tangible Assets and Net Debt is -0.85. Overlapping area represents the amount of variation of Net Tangible Assets that can explain the historical movement of Net Debt in the same time period over historical financial statements of Totally Hip Technologies, assuming nothing else is changed. The correlation between historical values of Totally Hip's Net Tangible Assets and Net Debt 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 Tangible Assets of Totally Hip Technologies are associated (or correlated) with its Net Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Debt has no effect on the direction of Net Tangible Assets i.e., Totally Hip's Net Tangible Assets and Net Debt go up and down completely randomly.

Correlation Coefficient

-0.85

Relationship Direction	Negative
Relationship Strength	Significant

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Net Tangible Assets

The total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company.

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.

Most indicators from Totally Hip's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Totally Hip Technologies 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Totally Hip Technologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Selling General Administrative is likely to drop to about 86.4 K in 2024

Totally Hip fundamental ratios Correlations

	Total Assets	Total Current Liabilities	Total Stockholder Equity	Net Tangible Assets	Retained Earnings	Accounts Payable	Cash	Net Receivables	Other Stockholder Equity	Total Liab	Short Long Term Debt	Total Current Assets	Short Term Debt	Intangible Assets	Common Stock	Property Plant Equipment	Non Current Assets Total	Non Currrent Assets Other	Common Stock Shares Outstanding	Net Invested Capital	Net Working Capital	Net Debt	Capital Stock	Other Current Liab	Property Plant And Equipment Gross	Property Plant And Equipment Net
Total Assets		0.1	0.7	0.66	-0.57	0.5	1.0	-0.64	0.54	0.1	-0.39	1.0	-0.41	0.2	0.51	-0.52	-0.53	-0.55	0.51	0.76	0.75	-0.62	0.32	0.2	0.2	0.08
Total Current Liabilities	0.1		-0.64	-0.68	0.32	0.04	0.11	-0.27	-0.43	1.0	0.57	0.1	0.4	0.54	-0.49	0.31	0.46	0.44	-0.55	-0.39	-0.4	0.51	-0.62	0.54	0.54	0.71
Total Stockholder Equity	0.7	-0.64		1.0	-0.65	0.37	0.69	-0.27	0.72	-0.64	-0.7	0.7	-0.6	-0.18	0.73	-0.6	-0.72	-0.72	0.77	0.85	0.85	-0.83	0.66	-0.18	-0.18	-0.43
Net Tangible Assets	0.66	-0.68	1.0		-0.67	0.33	0.65	-0.27	0.73	-0.68	-0.72	0.66	-0.61	-0.24	0.75	-0.63	-0.75	-0.74	0.8	0.86	0.86	-0.85	0.7	-0.24	-0.24	-0.49
Retained Earnings	-0.57	0.32	-0.65	-0.67		0.04	-0.57	0.68	-0.94	0.32	0.75	-0.57	0.58	0.26	-0.88	0.98	0.98	0.98	-0.9	-0.92	-0.92	0.86	-0.7	0.26	0.26	0.6
Accounts Payable	0.5	0.04	0.37	0.33	0.04		0.5	-0.21	-0.04	0.04	0.1	0.5	0.18	0.17	-0.02	0.09	0.05	0.04	0.04	0.21	0.22	-0.21	0.02	0.17	0.17	0.19
Cash	1.0	0.11	0.69	0.65	-0.57	0.5		-0.65	0.54	0.11	-0.39	1.0	-0.4	0.21	0.51	-0.53	-0.53	-0.55	0.51	0.75	0.75	-0.62	0.31	0.21	0.21	0.09
Net Receivables	-0.64	-0.27	-0.27	-0.27	0.68	-0.21	-0.65		-0.56	-0.27	0.28	-0.64	0.19	0.15	-0.53	0.73	0.62	0.64	-0.54	-0.66	-0.65	0.53	-0.39	0.15	0.15	0.08
Other Stockholder Equity	0.54	-0.43	0.72	0.73	-0.94	-0.04	0.54	-0.56		-0.43	-0.74	0.55	-0.61	-0.21	0.96	-0.94	-0.96	-0.96	0.94	0.91	0.91	-0.85	0.77	-0.21	-0.21	-0.64
Total Liab	0.1	1.0	-0.64	-0.68	0.32	0.04	0.11	-0.27	-0.43		0.57	0.1	0.4	0.54	-0.49	0.31	0.46	0.44	-0.55	-0.39	-0.4	0.51	-0.62	0.54	0.54	0.71
Short Long Term Debt	-0.39	0.57	-0.7	-0.72	0.75	0.1	-0.39	0.28	-0.74	0.57		-0.4	0.91	0.39	-0.8	0.74	0.79	0.78	-0.78	-0.74	-0.75	0.8	-0.74	0.39	0.39	0.68
Total Current Assets	1.0	0.1	0.7	0.66	-0.57	0.5	1.0	-0.64	0.55	0.1	-0.4		-0.41	0.2	0.52	-0.53	-0.54	-0.56	0.52	0.76	0.76	-0.62	0.32	0.2	0.2	0.08
Short Term Debt	-0.41	0.4	-0.6	-0.61	0.58	0.18	-0.4	0.19	-0.61	0.4	0.91	-0.41		0.15	-0.65	0.57	0.62	0.62	-0.58	-0.58	-0.58	0.58	-0.51	0.15	0.15	0.41
Intangible Assets	0.2	0.54	-0.18	-0.24	0.26	0.17	0.21	0.15	-0.21	0.54	0.39	0.2	0.15		-0.38	0.35	0.38	0.36	-0.47	-0.26	-0.26	0.4	-0.67	1.0	1.0	0.59
Common Stock	0.51	-0.49	0.73	0.75	-0.88	-0.02	0.51	-0.53	0.96	-0.49	-0.8	0.52	-0.65	-0.38		-0.92	-0.94	-0.93	0.98	0.91	0.91	-0.92	0.91	-0.38	-0.38	-0.74
Property Plant Equipment	-0.52	0.31	-0.6	-0.63	0.98	0.09	-0.53	0.73	-0.94	0.31	0.74	-0.53	0.57	0.35	-0.92		0.98	0.98	-0.92	-0.91	-0.9	0.86	-0.76	0.35	0.36	0.63
Non Current Assets Total	-0.53	0.46	-0.72	-0.75	0.98	0.05	-0.53	0.62	-0.96	0.46	0.79	-0.54	0.62	0.38	-0.94	0.98		1.0	-0.95	-0.94	-0.93	0.89	-0.8	0.38	0.38	0.66
Non Currrent Assets Other	-0.55	0.44	-0.72	-0.74	0.98	0.04	-0.55	0.64	-0.96	0.44	0.78	-0.56	0.62	0.36	-0.93	0.98	1.0		-0.95	-0.94	-0.94	0.88	-0.78	0.36	0.36	0.63
Common Stock Shares Outstanding	0.51	-0.55	0.77	0.8	-0.9	0.04	0.51	-0.54	0.94	-0.55	-0.78	0.52	-0.58	-0.47	0.98	-0.92	-0.95	-0.95		0.94	0.94	-0.95	0.93	-0.47	-0.47	-0.76
Net Invested Capital	0.76	-0.39	0.85	0.86	-0.92	0.21	0.75	-0.66	0.91	-0.39	-0.74	0.76	-0.58	-0.26	0.91	-0.91	-0.94	-0.94	0.94		1.0	-0.95	0.78	-0.26	-0.26	-0.54
Net Working Capital	0.75	-0.4	0.85	0.86	-0.92	0.22	0.75	-0.65	0.91	-0.4	-0.75	0.76	-0.58	-0.26	0.91	-0.9	-0.93	-0.94	0.94	1.0		-0.96	0.79	-0.26	-0.26	-0.55
Net Debt	-0.62	0.51	-0.83	-0.85	0.86	-0.21	-0.62	0.53	-0.85	0.51	0.8	-0.62	0.58	0.4	-0.92	0.86	0.89	0.88	-0.95	-0.95	-0.96		-0.89	0.4	0.41	0.71
Capital Stock	0.32	-0.62	0.66	0.7	-0.7	0.02	0.31	-0.39	0.77	-0.62	-0.74	0.32	-0.51	-0.67	0.91	-0.76	-0.8	-0.78	0.93	0.78	0.79	-0.89		-0.67	-0.68	-0.83
Other Current Liab	0.2	0.54	-0.18	-0.24	0.26	0.17	0.21	0.15	-0.21	0.54	0.39	0.2	0.15	1.0	-0.38	0.35	0.38	0.36	-0.47	-0.26	-0.26	0.4	-0.67		1.0	0.59
Property Plant And Equipment Gross	0.2	0.54	-0.18	-0.24	0.26	0.17	0.21	0.15	-0.21	0.54	0.39	0.2	0.15	1.0	-0.38	0.36	0.38	0.36	-0.47	-0.26	-0.26	0.41	-0.68	1.0		0.59
Property Plant And Equipment Net	0.08	0.71	-0.43	-0.49	0.6	0.19	0.09	0.08	-0.64	0.71	0.68	0.08	0.41	0.59	-0.74	0.63	0.66	0.63	-0.76	-0.54	-0.55	0.71	-0.83	0.59	0.59

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Totally Hip Account Relationship Matchups

Totally Hip fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	1.4M	1.0M	738.1K	45.7K	52.6K	50.0K
Total Current Liabilities	1.3M	1.1M	1.0M	464.6K	418.1K	397.2K
Total Stockholder Equity	27.1K	(67.2K)	(294.9K)	(418.9K)	(481.7K)	(505.8K)
Net Tangible Assets	97.8K	27.1K	(67.2K)	(294.9K)	(339.1K)	(356.1K)
Retained Earnings	(18.1M)	(18.6M)	(18.8M)	(18.9M)	(17.0M)	(17.9M)
Accounts Payable	1.3M	1.0M	971.8K	400.5K	360.5K	606.0K
Cash	1.3M	991.5K	719.0K	23.1K	26.6K	25.3K
Net Receivables	5.4K	7.6K	11.2K	14.7K	13.2K	8.4K
Total Liab	1.3M	1.1M	1.0M	464.6K	418.1K	397.2K
Short Long Term Debt	112.5K	79.5K	42.7K	30.4K	27.3K	25.9K
Total Current Assets	1.4M	1.0M	737.6K	45.3K	52.1K	49.5K
Property Plant Equipment	954.0	763.0	611.0	489.0	440.1	418.1
Non Current Assets Total	763.0	611.0	489.0	391.0	351.9	334.31
Net Invested Capital	69.7K	(36.8K)	(264.5K)	(388.5K)	(446.8K)	(469.2K)
Net Working Capital	26.3K	(67.8K)	(295.4K)	(419.3K)	(482.2K)	(506.3K)

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