HOB Non Current Assets Total vs Total Current Assets Analysis

688656 Stock

101.27 0.96 0.94%

HOB Biotech financial indicator trend analysis is much more than just examining HOB Biotech Group latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether HOB Biotech Group is a good investment. Please check the relationship between HOB Biotech Non Current Assets Total and its Total Current Assets accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in HOB Biotech Group. 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.

Non Current Assets Total vs Total Current Assets

Non Current Assets Total vs Total Current Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of HOB Biotech Group Non Current Assets Total account and Total Current Assets. At this time, the significance of the direction appears to have strong relationship.

The correlation between HOB Biotech's Non Current Assets Total and Total Current Assets is 0.72. Overlapping area represents the amount of variation of Non Current Assets Total that can explain the historical movement of Total Current Assets in the same time period over historical financial statements of HOB Biotech Group, assuming nothing else is changed. The correlation between historical values of HOB Biotech's Non Current Assets Total and Total 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 Assets Total of HOB Biotech Group are associated (or correlated) with its Total Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Assets has no effect on the direction of Non Current Assets Total i.e., HOB Biotech's Non Current Assets Total and Total Current Assets go up and down completely randomly.

Correlation Coefficient

0.72

Relationship Direction	Positive
Relationship Strength	Significant

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Non Current Assets Total

The total value of a company's long-term assets, which are not expected to be converted into cash or used up within one year or the operating cycle, including property, plant, and equipment, and intangible assets.

Total Current Assets

The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.

Most indicators from HOB Biotech's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into HOB Biotech Group 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 HOB Biotech Group. 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 Selling General Administrative is expected to grow to about 110.9 M, whereas Tax Provision is forecasted to decline to about 7.2 M.

	2021	2022	2023	2024 (projected)
Interest Expense	1.2M	1.9M	2.5M	1.9M
Depreciation And Amortization	27.6M	33.3M	38.2M	40.2M

Interest Expense Depreciation And Amortization

HOB Biotech fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Intangible Assets	Common Stock	Long Term Debt	Net Receivables	Net Invested Capital
Total Assets		0.64	0.18	0.84	1.0	0.85	-0.72	0.9	0.79	0.8	0.85	-0.05	0.93	0.99	-0.49	0.92	-0.56	0.93	0.81	0.94	0.64	0.83	0.85	0.89	0.92	0.98
Short Long Term Debt Total	0.64		-0.14	0.75	0.62	0.69	-0.02	0.61	0.74	0.15	0.69	0.03	0.43	0.64	-0.34	0.74	-0.68	0.58	0.74	0.39	0.94	0.64	0.49	0.61	0.59	0.62
Other Current Liab	0.18	-0.14		0.37	0.15	-0.15	-0.39	-0.08	0.08	0.35	-0.16	-0.49	0.13	0.07	0.26	0.18	0.07	-0.03	0.4	0.37	-0.1	0.41	0.38	0.08	-0.06	0.01
Total Current Liabilities	0.84	0.75	0.37		0.8	0.79	-0.41	0.73	0.79	0.51	0.79	-0.21	0.72	0.81	-0.48	0.89	-0.51	0.77	0.99	0.72	0.78	0.81	0.79	0.65	0.67	0.78
Total Stockholder Equity	1.0	0.62	0.15	0.8		0.84	-0.74	0.9	0.77	0.82	0.84	-0.02	0.93	0.99	-0.49	0.9	-0.55	0.92	0.77	0.94	0.61	0.81	0.84	0.9	0.92	0.98
Property Plant And Equipment Net	0.85	0.69	-0.15	0.79	0.84		-0.44	0.96	0.74	0.54	1.0	-0.05	0.85	0.91	-0.63	0.87	-0.58	0.96	0.78	0.72	0.65	0.69	0.74	0.77	0.89	0.91
Net Debt	-0.72	-0.02	-0.39	-0.41	-0.74	-0.44		-0.63	-0.27	-0.99	-0.45	0.06	-0.84	-0.71	0.37	-0.53	0.36	-0.67	-0.38	-0.9	-0.07	-0.63	-0.64	-0.63	-0.68	-0.7
Retained Earnings	0.9	0.61	-0.08	0.73	0.9	0.96	-0.63		0.69	0.71	0.96	-0.08	0.93	0.94	-0.53	0.87	-0.67	0.98	0.72	0.83	0.54	0.79	0.78	0.89	0.97	0.94
Accounts Payable	0.79	0.74	0.08	0.79	0.77	0.74	-0.27	0.69		0.36	0.74	0.18	0.6	0.79	-0.28	0.71	-0.45	0.71	0.8	0.63	0.73	0.6	0.55	0.67	0.61	0.78
Cash	0.8	0.15	0.35	0.51	0.82	0.54	-0.99	0.71	0.36		0.54	-0.06	0.9	0.79	-0.42	0.62	-0.44	0.75	0.48	0.94	0.19	0.71	0.7	0.7	0.76	0.78
Non Current Assets Total	0.85	0.69	-0.16	0.79	0.84	1.0	-0.45	0.96	0.74	0.54		-0.03	0.86	0.91	-0.64	0.86	-0.59	0.96	0.77	0.72	0.66	0.69	0.73	0.77	0.89	0.91
Non Currrent Assets Other	-0.05	0.03	-0.49	-0.21	-0.02	-0.05	0.06	-0.08	0.18	-0.06	-0.03		-0.05	0.04	-0.33	-0.34	-0.01	0.0	-0.29	-0.1	0.19	-0.39	-0.51	-0.23	-0.14	0.07
Cash And Short Term Investments	0.93	0.43	0.13	0.72	0.93	0.85	-0.84	0.93	0.6	0.9	0.86	-0.05		0.95	-0.62	0.82	-0.57	0.96	0.69	0.95	0.45	0.78	0.8	0.81	0.92	0.95
Common Stock Shares Outstanding	0.99	0.64	0.07	0.81	0.99	0.91	-0.71	0.94	0.79	0.79	0.91	0.04	0.95		-0.58	0.89	-0.59	0.97	0.78	0.92	0.64	0.79	0.8	0.86	0.93	1.0
Non Current Liabilities Total	-0.49	-0.34	0.26	-0.48	-0.49	-0.63	0.37	-0.53	-0.28	-0.42	-0.64	-0.33	-0.62	-0.58		-0.42	0.24	-0.65	-0.37	-0.42	-0.55	-0.21	-0.34	-0.17	-0.45	-0.59
Inventory	0.92	0.74	0.18	0.89	0.9	0.87	-0.53	0.87	0.71	0.62	0.86	-0.34	0.82	0.89	-0.42		-0.57	0.86	0.89	0.8	0.68	0.87	0.92	0.88	0.89	0.87
Other Current Assets	-0.56	-0.68	0.07	-0.51	-0.55	-0.58	0.36	-0.67	-0.45	-0.44	-0.59	-0.01	-0.57	-0.59	0.24	-0.57		-0.59	-0.53	-0.51	-0.57	-0.77	-0.38	-0.66	-0.66	-0.57
Other Stockholder Equity	0.93	0.58	-0.03	0.77	0.92	0.96	-0.67	0.98	0.71	0.75	0.96	0.0	0.96	0.97	-0.65	0.86	-0.59		0.74	0.86	0.57	0.74	0.78	0.82	0.94	0.97
Total Liab	0.81	0.74	0.4	0.99	0.77	0.78	-0.38	0.72	0.8	0.48	0.77	-0.29	0.69	0.78	-0.37	0.89	-0.53	0.74		0.71	0.73	0.84	0.8	0.67	0.66	0.74
Total Current Assets	0.94	0.39	0.37	0.72	0.94	0.72	-0.9	0.83	0.63	0.94	0.72	-0.1	0.95	0.92	-0.42	0.8	-0.51	0.86	0.71		0.4	0.83	0.83	0.83	0.85	0.91
Short Term Debt	0.64	0.94	-0.1	0.78	0.61	0.65	-0.07	0.54	0.73	0.19	0.66	0.19	0.45	0.64	-0.55	0.68	-0.57	0.57	0.73	0.4		0.54	0.45	0.46	0.5	0.63
Intangible Assets	0.83	0.64	0.41	0.81	0.81	0.69	-0.63	0.79	0.6	0.71	0.69	-0.39	0.78	0.79	-0.21	0.87	-0.77	0.74	0.84	0.83	0.54		0.84	0.85	0.81	0.75
Common Stock	0.85	0.49	0.38	0.79	0.84	0.74	-0.64	0.78	0.55	0.7	0.73	-0.51	0.8	0.8	-0.34	0.92	-0.38	0.78	0.8	0.83	0.45	0.84		0.8	0.8	0.78
Long Term Debt	0.89	0.61	0.08	0.65	0.9	0.77	-0.63	0.89	0.67	0.7	0.77	-0.23	0.81	0.86	-0.17	0.88	-0.66	0.82	0.67	0.83	0.46	0.85	0.8		0.94	0.86
Net Receivables	0.92	0.59	-0.06	0.67	0.92	0.89	-0.68	0.97	0.61	0.76	0.89	-0.14	0.92	0.93	-0.45	0.89	-0.66	0.94	0.66	0.85	0.5	0.81	0.8	0.94		0.93
Net Invested Capital	0.98	0.62	0.01	0.78	0.98	0.91	-0.7	0.94	0.78	0.78	0.91	0.07	0.95	1.0	-0.59	0.87	-0.57	0.97	0.74	0.91	0.63	0.75	0.78	0.86	0.93

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HOB Biotech Account Relationship Matchups

HOB Biotech fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	283.2M	296.4M	863.9M	944.6M	949.3M	526.8M
Short Long Term Debt Total	50.1M	44.0M	30.9M	65.4M	75.2M	44.6M
Other Current Liab	72.0M	35.7M	49.5M	48.7M	3.1M	3.0M
Total Current Liabilities	122.9M	63.2M	86.2M	152.7M	135.8M	102.6M
Total Stockholder Equity	149.6M	206.4M	770.0M	779.6M	810.7M	410.5M
Property Plant And Equipment Net	82.1M	120.0M	260.0M	485.3M	578.7M	607.6M
Net Debt	(40.7M)	(14.8M)	(419.0M)	(88.4M)	(79.5M)	(83.5M)
Retained Earnings	23.1M	72.9M	131.3M	133.9M	162.1M	170.2M
Accounts Payable	5.9M	7.5M	11.1M	48.3M	23.9M	15.2M
Cash	90.8M	58.8M	449.9M	153.8M	163.5M	138.9M
Non Current Assets Total	106.7M	137.8M	293.9M	521.6M	621.0M	652.1M
Non Currrent Assets Other	10.3M	5.5M	20.1M	21.9M	16.4M	16.5M
Cash And Short Term Investments	90.8M	58.8M	454.9M	289.0M	332.4M	349.0M
Common Stock Shares Outstanding	47.3M	47.2M	61.6M	63.1M	63.1M	57.6M
Liabilities And Stockholders Equity	283.2M	296.4M	863.9M	944.6M	1.1B	1.1B
Non Current Liabilities Total	10.6M	26.8M	7.8M	12.3M	2.8M	2.6M
Inventory	59.6M	61.9M	68.2M	87.8M	111.2M	69.7M
Other Current Assets	2.2M	1.3M	3.0M	3.9M	959.4K	911.4K
Other Stockholder Equity	79.3M	86.1M	575.6M	582.6M	670.0M	703.5M
Total Liab	133.5M	90.0M	93.9M	165.0M	138.5M	116.4M
Total Current Assets	176.5M	158.7M	570.0M	423.0M	328.2M	263.7M
Short Term Debt	45.0M	20.0M	25.5M	55.7M	64.0M	34.4M
Intangible Assets	11.7M	11.3M	12.2M	12.6M	11.9M	8.4M

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

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HOB Non Current Assets Total vs Total Current Assets Analysis

Non Current Assets Total vs Total Current Assets

Non Current Assets Total vs Total Current Assets Correlation Analysis

Correlation Coefficient

Non Current Assets Total

Total Current Assets

HOB Biotech fundamental ratios Correlations

HOB Biotech Account Relationship Matchups

High Positive Relationship

High Negative Relationship

HOB Biotech fundamental ratios Accounts

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Other Information on Investing in HOB Stock

COMMON DESTINATIONS

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COMPANY

Total Stockholder Equity	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Net Invested Capital	+ 1.0	Common Stock Shares Outstanding
Common Stock Shares Outstanding	+ 0.99	Total Assets
Total Liab	+ 0.99	Total Current Liabilities
Common Stock Shares Outstanding	+ 0.99	Total Stockholder Equity

Cash	- 0.99	Net Debt
Total Current Assets	- 0.9	Net Debt
Cash And Short Term Investments	- 0.84	Net Debt
Intangible Assets	- 0.77	Other Current Assets
Net Debt	- 0.74	Total Stockholder Equity
Net Debt	- 0.72	Total Assets