HOB Total Assets vs Non Current Liabilities Total Analysis

688656 Stock   95.13  1.87  2.01%   
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 Total Assets and its Non Current Liabilities Total 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.

Total Assets vs Non Current Liabilities Total

Total Assets vs Non Current Liabilities Total Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of HOB Biotech Group Total Assets account and Non Current Liabilities Total. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between HOB Biotech's Total Assets and Non Current Liabilities Total is -0.68. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Non Current Liabilities Total 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 Total Assets and Non Current Liabilities Total is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Assets of HOB Biotech Group are associated (or correlated) with its Non Current Liabilities Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Liabilities Total has no effect on the direction of Total Assets i.e., HOB Biotech's Total Assets and Non Current Liabilities Total go up and down completely randomly.

Correlation Coefficient

-0.68
Relationship DirectionNegative 
Relationship StrengthWeak

Total Assets

Total assets refers to the total amount of HOB Biotech assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in HOB Biotech Group books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.

Non Current Liabilities Total

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 49.5 M, whereas Tax Provision is forecasted to decline to about 7.2 M.
 2022 2024 2025 (projected)
Interest Expense1.9M2.9M1.9M
Depreciation And Amortization33.3M38.2M40.2M

HOB Biotech fundamental ratios Correlations

0.66-0.10.831.00.97-0.630.980.750.740.97-0.050.950.94-0.680.88-0.641.00.820.870.640.810.830.850.930.96
0.66-0.240.820.640.73-0.070.680.790.240.730.060.490.76-0.450.81-0.710.630.820.480.950.710.550.670.710.72
-0.1-0.240.16-0.12-0.28-0.34-0.22-0.020.26-0.29-0.490.04-0.120.34-0.030.14-0.120.210.24-0.20.260.26-0.03-0.21-0.13
0.830.820.160.810.82-0.410.770.820.540.82-0.160.740.86-0.580.92-0.570.810.990.750.850.840.820.710.770.83
1.00.64-0.120.810.96-0.650.990.740.760.96-0.030.960.94-0.690.87-0.641.00.80.880.630.80.820.850.930.96
0.970.73-0.280.820.96-0.420.970.750.551.0-0.020.850.9-0.710.87-0.620.950.810.720.70.720.750.780.90.91
-0.63-0.07-0.34-0.41-0.65-0.42-0.58-0.29-0.98-0.420.06-0.84-0.610.38-0.480.37-0.66-0.38-0.88-0.11-0.62-0.64-0.62-0.61-0.65
0.980.68-0.220.770.990.97-0.580.710.690.97-0.060.920.92-0.640.87-0.70.980.770.820.620.80.790.880.950.94
0.750.79-0.020.820.740.75-0.290.710.410.740.190.640.79-0.380.74-0.50.750.820.670.780.650.610.720.670.81
0.740.240.260.540.760.55-0.980.690.410.55-0.050.910.74-0.470.62-0.480.770.520.940.270.720.730.720.730.77
0.970.73-0.290.820.961.0-0.420.970.740.55-0.010.850.9-0.720.87-0.630.960.810.720.710.720.740.780.90.91
-0.050.06-0.49-0.16-0.03-0.020.06-0.060.19-0.05-0.01-0.020.06-0.32-0.24-0.020.02-0.23-0.080.21-0.35-0.46-0.19-0.090.08
0.950.490.040.740.960.85-0.840.920.640.910.85-0.020.91-0.650.8-0.60.960.720.960.510.80.820.830.890.93
0.940.76-0.120.860.940.9-0.610.920.790.740.90.060.91-0.670.93-0.620.940.830.880.760.810.810.870.950.99
-0.68-0.450.34-0.58-0.69-0.710.38-0.64-0.38-0.47-0.72-0.32-0.65-0.67-0.550.32-0.7-0.5-0.49-0.62-0.33-0.42-0.28-0.58-0.67
0.880.81-0.030.920.870.87-0.480.870.740.620.87-0.240.80.93-0.55-0.60.860.910.790.760.870.890.870.930.91
-0.64-0.710.14-0.57-0.64-0.620.37-0.7-0.5-0.48-0.63-0.02-0.6-0.620.32-0.6-0.63-0.58-0.56-0.61-0.79-0.43-0.69-0.68-0.61
1.00.63-0.120.811.00.95-0.660.980.750.770.960.020.960.94-0.70.86-0.630.790.880.630.780.80.840.920.96
0.820.820.210.990.80.81-0.380.770.820.520.81-0.230.720.83-0.50.91-0.580.790.740.810.860.830.730.750.81
0.870.480.240.750.880.72-0.880.820.670.940.72-0.080.960.88-0.490.79-0.560.880.740.490.850.850.850.840.9
0.640.95-0.20.850.630.7-0.110.620.780.270.710.210.510.76-0.620.76-0.610.630.810.490.630.520.530.640.72
0.810.710.260.840.80.72-0.620.80.650.720.72-0.350.80.81-0.330.87-0.790.780.860.850.630.860.880.830.79
0.830.550.260.820.820.75-0.640.790.610.730.74-0.460.820.81-0.420.89-0.430.80.830.850.520.860.820.810.8
0.850.67-0.030.710.850.78-0.620.880.720.720.78-0.190.830.87-0.280.87-0.690.840.730.850.530.880.820.930.88
0.930.71-0.210.770.930.9-0.610.950.670.730.9-0.090.890.95-0.580.93-0.680.920.750.840.640.830.810.930.95
0.960.72-0.130.830.960.91-0.650.940.810.770.910.080.930.99-0.670.91-0.610.960.810.90.720.790.80.880.95
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HOB Biotech Account Relationship Matchups

HOB Biotech fundamental ratios Accounts

202020212022202320242025 (projected)
Total Assets296.4M863.9M944.6M949.3M1.1B1.1B
Short Long Term Debt Total50.1M44.0M30.9M65.4M75.2M44.6M
Other Current Liab35.7M49.5M48.7M3.1M3.6M3.4M
Total Current Liabilities63.2M86.2M152.7M135.8M156.1M102.6M
Total Stockholder Equity206.4M770.0M779.6M810.7M932.3M979.0M
Property Plant And Equipment Net120.0M260.0M485.3M578.7M665.5M698.8M
Net Debt(40.7M)(14.8M)(419.0M)(88.4M)(79.5M)(83.5M)
Retained Earnings72.9M131.3M133.9M162.1M186.4M195.8M
Accounts Payable7.5M11.1M48.3M23.9M27.5M15.2M
Cash58.8M449.9M153.8M163.5M188.0M138.9M
Non Current Assets Total137.8M293.9M521.6M621.0M714.2M749.9M
Non Currrent Assets Other5.5M20.1M21.9M16.4M18.9M16.5M
Cash And Short Term Investments90.8M58.8M454.9M289.0M332.4M349.0M
Common Stock Shares Outstanding47.2M61.6M63.1M63.1M72.5M57.6M
Liabilities And Stockholders Equity283.2M296.4M863.9M944.6M1.1B1.1B
Non Current Liabilities Total26.8M7.8M12.3M2.8M2.5M2.4M
Inventory61.9M68.2M87.8M111.2M127.9M69.7M
Other Current Assets1.3M3.0M3.9M959.4K863.5K820.3K
Other Stockholder Equity79.3M86.1M575.6M582.6M670.0M703.5M
Total Liab90.0M93.9M165.0M138.5M159.3M116.4M
Total Current Assets158.7M570.0M423.0M328.2M377.4M263.7M
Short Term Debt45.0M20.0M25.5M55.7M64.0M34.4M
Intangible Assets11.3M12.2M12.6M11.9M13.6M8.4M
Net Receivables29.9M37.5M32.4M41.5M47.7M35.5M
Net Invested Capital250.4M795.5M835.3M860.8M989.9M647.2M
Short Long Term Debt20.0M25.5M55.7M50.0M57.5M43.2M
Net Working Capital95.4M483.8M270.3M192.5M221.3M241.0M

Currently Active Assets on Macroaxis

Other Information on Investing in HOB Stock

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.