New Change To Liabilities vs Free Cash Flow Analysis

002946 Stock   13.82  0.24  1.71%   
New Hope financial indicator trend analysis is infinitely more than just investigating New Hope Dairy recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether New Hope Dairy is a good investment. Please check the relationship between New Hope Change To Liabilities and its Free Cash Flow accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in New Hope Dairy. 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.

Change To Liabilities vs Free Cash Flow

Change To Liabilities vs Free Cash Flow Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of New Hope Dairy Change To Liabilities account and Free Cash Flow. At this time, the significance of the direction appears to have almost no relationship.
The correlation between New Hope's Change To Liabilities and Free Cash Flow is 0.15. Overlapping area represents the amount of variation of Change To Liabilities that can explain the historical movement of Free Cash Flow in the same time period over historical financial statements of New Hope Dairy, assuming nothing else is changed. The correlation between historical values of New Hope's Change To Liabilities and Free Cash Flow is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Change To Liabilities of New Hope Dairy are associated (or correlated) with its Free Cash Flow. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Free Cash Flow has no effect on the direction of Change To Liabilities i.e., New Hope's Change To Liabilities and Free Cash Flow go up and down completely randomly.

Correlation Coefficient

0.15
Relationship DirectionPositive 
Relationship StrengthInsignificant

Change To Liabilities

Free Cash Flow

The amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.
Most indicators from New Hope's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into New Hope Dairy 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in New Hope Dairy. 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.
The current year's Tax Provision is expected to grow to about 85.9 M, whereas Selling General Administrative is forecasted to decline to about 1.3 B.
 2022 2023 2024 2025 (projected)
Gross Profit2.4B3.0B3.4B2.1B
Total Revenue10.0B11.0B12.6B7.3B

New Hope fundamental ratios Correlations

-0.10.980.970.97-0.460.870.97-0.56-0.450.840.990.970.481.00.430.70.560.870.590.99-0.060.981.00.80.99
-0.1-0.11-0.16-0.180.12-0.47-0.160.280.37-0.27-0.01-0.130.8-0.09-0.1-0.10.05-0.1-0.08-0.07-0.24-0.19-0.11-0.12-0.08
0.98-0.110.910.91-0.590.860.99-0.48-0.40.880.960.980.430.990.270.620.50.910.540.970.020.960.970.780.97
0.97-0.160.910.95-0.260.870.91-0.61-0.450.820.940.920.420.940.580.710.560.80.570.95-0.030.960.970.840.94
0.97-0.180.910.95-0.450.830.91-0.54-0.490.790.960.920.40.960.470.680.490.830.570.96-0.050.960.960.680.97
-0.460.12-0.59-0.26-0.45-0.42-0.570.010.26-0.51-0.52-0.54-0.09-0.530.5-0.11-0.02-0.64-0.16-0.53-0.09-0.48-0.45-0.06-0.54
0.87-0.470.860.870.83-0.420.87-0.64-0.570.80.820.880.110.860.380.620.470.750.530.850.050.880.880.720.84
0.97-0.160.990.910.91-0.570.87-0.47-0.40.880.950.980.370.970.270.610.450.910.520.960.050.960.960.780.95
-0.560.28-0.48-0.61-0.540.01-0.64-0.470.89-0.24-0.48-0.57-0.19-0.55-0.57-0.92-0.81-0.12-0.87-0.540.6-0.65-0.55-0.53-0.45
-0.450.37-0.4-0.45-0.490.26-0.57-0.40.89-0.19-0.4-0.51-0.07-0.46-0.28-0.77-0.56-0.11-0.74-0.480.54-0.57-0.44-0.2-0.38
0.84-0.270.880.820.79-0.510.80.88-0.24-0.190.840.850.170.830.140.290.140.940.150.840.440.810.860.710.86
0.99-0.010.960.940.96-0.520.820.95-0.48-0.40.840.960.540.990.350.630.490.890.520.99-0.030.960.990.730.99
0.97-0.130.980.920.92-0.540.880.98-0.57-0.510.850.960.430.980.290.670.50.860.570.98-0.030.980.970.750.95
0.480.80.430.420.4-0.090.110.37-0.19-0.070.170.540.430.480.280.40.440.330.350.5-0.360.40.470.310.47
1.0-0.090.990.940.96-0.530.860.97-0.55-0.460.830.990.980.480.380.70.560.880.610.99-0.080.980.990.770.99
0.43-0.10.270.580.470.50.380.27-0.57-0.280.140.350.290.280.380.640.620.090.560.36-0.340.420.440.560.35
0.7-0.10.620.710.68-0.110.620.61-0.92-0.770.290.630.670.40.70.640.920.270.970.67-0.680.760.680.630.6
0.560.050.50.560.49-0.020.470.45-0.81-0.560.140.490.50.440.560.620.920.140.940.51-0.740.590.540.650.45
0.87-0.10.910.80.83-0.640.750.91-0.12-0.110.940.890.860.330.880.090.270.140.180.880.370.820.880.620.92
0.59-0.080.540.570.57-0.160.530.52-0.87-0.740.150.520.570.350.610.560.970.940.180.56-0.770.670.570.530.49
0.99-0.070.970.950.96-0.530.850.96-0.54-0.480.840.990.980.50.990.360.670.510.880.56-0.050.980.990.730.99
-0.06-0.240.02-0.03-0.05-0.090.050.050.60.540.44-0.03-0.03-0.36-0.08-0.34-0.68-0.740.37-0.77-0.05-0.13-0.03-0.040.03
0.98-0.190.960.960.96-0.480.880.96-0.65-0.570.810.960.980.40.980.420.760.590.820.670.98-0.130.980.770.96
1.0-0.110.970.970.96-0.450.880.96-0.55-0.440.860.990.970.470.990.440.680.540.880.570.99-0.030.980.80.99
0.8-0.120.780.840.68-0.060.720.78-0.53-0.20.710.730.750.310.770.560.630.650.620.530.73-0.040.770.80.72
0.99-0.080.970.940.97-0.540.840.95-0.45-0.380.860.990.950.470.990.350.60.450.920.490.990.030.960.990.72
Click cells to compare fundamentals

New Hope Account Relationship Matchups

New Hope fundamental ratios Accounts

202020212022202320242025 (projected)
Total Assets8.6B9.5B9.5B8.9B10.3B7.2B
Other Current Liab473.9M783.7M704.7M46.0M41.4M39.4M
Total Current Liabilities3.4B4.3B4.3B4.0B4.6B3.6B
Total Stockholder Equity2.7B2.6B2.5B2.6B2.9B2.1B
Other Liab121.2M241.1M192.0M219.4M252.3M169.6M
Net Tangible Assets1.6B1.0B734.8M552.9M497.6M747.4M
Retained Earnings883.6M1.1B1.4B1.7B2.0B2.1B
Accounts Payable647.4M881.9M957.6M925.4M1.1B681.0M
Cash538.7M515.2M494.1M439.5M395.6M408.0M
Other Assets202.0M172.9M210.1M123.5M111.1M130.7M
Net Receivables533.9M616.8M575.8M604.1M694.7M552.1M
Inventory466.1M685.2M800.3M711.5M818.2M493.5M
Other Current Assets142.7M208.6M221.1M5.9M6.8M6.4M
Total Liab5.7B6.6B6.8B6.3B7.2B5.0B
Deferred Long Term Liab55.0M55.0M22.1M20.6M23.7M29.7M
Short Long Term Debt1.2B1.8B827.9M915.6M1.1B1.2B
Total Current Assets1.9B2.1B2.1B2.0B2.3B1.8B
Intangible Assets616.9M712.9M776.2M681.1M783.3M472.7M
Property Plant Equipment2.5B3.5B3.8B4.0B4.6B3.1B
Non Current Assets Total6.7B7.4B7.3B6.9B8.0B5.8B
Non Currrent Assets Other72.1M140.4M60.6M97.4M112.0M80.3M
Long Term Debt2.0B2.1B2.3B2.1B2.4B1.4B
Non Current Liabilities Total2.3B2.3B2.6B2.3B2.6B1.6B
Non Current Liabilities Other417.9M4.0M38.8M51.6K46.5K44.1K
Net Debt2.7B3.3B2.6B2.5B2.9B2.3B
Net Invested Capital5.9B6.5B5.6B5.5B6.4B5.1B
Net Working Capital(1.6B)(2.2B)(2.1B)(2.0B)(1.8B)(1.9B)
Capital Lease Obligations30.7M40.8M78.5M71.2M81.9M85.9M
Property Plant And Equipment Net2.8B3.0B3.1B3.1B3.6B3.1B
Property Plant And Equipment Gross4.4B4.7B5.1B5.4B6.2B5.1B

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Other Information on Investing in New Stock

Balance Sheet is a snapshot of the financial position of New Hope Dairy at a specified time, usually calculated after every quarter, six months, or one year. New Hope Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of New Hope 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 New currently owns. An asset can also be divided into two categories, current and non-current.