Homeco Net Debt vs Cash Analysis
| HDN Stock | 1.18 0.02 1.67% |
Homeco Daily financial indicator trend analysis is much more than just examining Homeco Daily Needs latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Homeco Daily Needs is a good investment. Please check the relationship between Homeco Daily Net Debt and its Cash accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Homeco Daily Needs. 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 Debt vs Cash
Net Debt vs Cash Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Homeco Daily Needs Net Debt account and Cash. At this time, the significance of the direction appears to have pay attention.
The correlation between Homeco Daily's Net Debt and Cash is -1.0. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Cash in the same time period over historical financial statements of Homeco Daily Needs, assuming nothing else is changed. The correlation between historical values of Homeco Daily's Net Debt and Cash 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 Debt of Homeco Daily Needs are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Net Debt i.e., Homeco Daily's Net Debt and Cash go up and down completely randomly.
Correlation Coefficient | -1.0 |
| Relationship Direction | Negative |
| Relationship Strength | Strong |
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.Cash
Cash refers to the most liquid asset of Homeco Daily Needs, which is listed under current asset account on Homeco Daily Needs balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Homeco Daily customers. The amounts must be unrestricted with restricted cash listed in a different Homeco Daily account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.Most indicators from Homeco Daily's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Homeco Daily Needs 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Homeco Daily Needs. 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 3.2 M in 2024. Issuance Of Capital Stock is likely to drop to about 126.6 M in 2024
| 2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 135.9M | 240.1M | 215.4M | 170.5M | Total Revenue | 198.3M | 347.8M | 329.8M | 253.3M |
Homeco Daily fundamental ratios Correlations
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Homeco Daily Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Thematic Opportunities
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Additional Tools for Homeco Stock Analysis
When running Homeco Daily's price analysis, check to measure Homeco Daily's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Homeco Daily is operating at the current time. Most of Homeco Daily's value examination focuses on studying past and present price action to predict the probability of Homeco Daily's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Homeco Daily's price. Additionally, you may evaluate how the addition of Homeco Daily to your portfolios can decrease your overall portfolio volatility.