Honest Net Interest Income vs Income Tax Expense Analysis

HNST Stock

USD 5.01 0.67 11.80%

Honest financial indicator trend analysis is much more than just examining Honest Company latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Honest Company is a good investment. Please check the relationship between Honest Net Interest Income and its Income Tax Expense accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Honest Company. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

Net Interest Income vs Income Tax Expense

Net Interest Income vs Income Tax Expense Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Honest Company Net Interest Income account and Income Tax Expense. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Honest's Net Interest Income and Income Tax Expense is -0.28. Overlapping area represents the amount of variation of Net Interest Income that can explain the historical movement of Income Tax Expense in the same time period over historical financial statements of Honest Company, assuming nothing else is changed. The correlation between historical values of Honest's Net Interest Income and Income Tax Expense 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 Interest Income of Honest Company are associated (or correlated) with its Income Tax Expense. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Income Tax Expense has no effect on the direction of Net Interest Income i.e., Honest's Net Interest Income and Income Tax Expense go up and down completely randomly.

Correlation Coefficient

-0.28

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Net Interest Income

The difference between the revenue generated from a bank's interest-bearing assets and the expenses associated with paying its interest-bearing liabilities.

Income Tax Expense

Most indicators from Honest's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Honest Company 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 Honest Company. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

At this time, Honest's Tax Provision is comparatively stable compared to the past year. Selling General Administrative is likely to gain to about 61.5 M in 2025, whereas Enterprise Value is likely to drop slightly above 400 M in 2025.

	2022	2023	2024	2025 (projected)
Interest Expense	494K	269K	282K	544.9K
Depreciation And Amortization	2.8M	2.7M	2.5M	3.5M

Interest Expense Depreciation And Amortization

Honest fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Net Receivables	Good Will	Common Stock Total Equity	Common Stock Shares Outstanding	Short Term Investments	Non Current Liabilities Total	Capital Lease Obligations	Inventory	Other Current Assets
Total Assets		0.21	-0.12	-0.18	-0.08	0.36	-0.1	0.28	-0.61	0.2	0.4	0.51	0.16	0.3	-0.02	0.46	0.46	-0.24	0.49	0.05	-0.68	0.29	0.13	0.34	-0.03	0.15
Short Long Term Debt Total	0.21		-0.85	-0.67	-0.7	0.77	-0.69	0.9	-0.54	0.9	0.83	-0.01	-0.86	0.92	-0.06	0.51	0.31	-0.76	0.73	-0.71	-0.56	0.76	0.71	0.98	-0.5	-0.34
Other Current Liab	-0.12	-0.85		0.91	0.8	-0.91	0.8	-0.93	0.42	-0.74	-0.87	0.24	0.69	-0.91	0.35	-0.16	-0.66	0.89	-0.6	0.83	0.52	-0.91	-0.82	-0.85	0.85	0.69
Total Current Liabilities	-0.18	-0.67	0.91		0.86	-0.93	0.86	-0.9	0.47	-0.68	-0.89	0.48	0.61	-0.84	0.63	0.05	-0.82	0.88	-0.52	0.84	0.33	-0.98	-0.88	-0.72	0.95	0.86
Total Stockholder Equity	-0.08	-0.7	0.8	0.86		-0.91	1.0	-0.89	0.51	-0.76	-0.92	0.3	0.72	-0.89	0.26	-0.28	-0.6	0.93	-0.56	0.96	0.08	-0.89	-1.0	-0.76	0.82	0.81
Other Liab	0.36	0.77	-0.91	-0.93	-0.91		-0.91	0.97	-0.65	0.72	0.98	-0.17	-0.6	0.95	-0.35	0.29	0.81	-0.98	0.61	-0.88	-0.45	0.97	0.93	0.84	-0.86	-0.72
Net Tangible Assets	-0.1	-0.69	0.8	0.86	1.0	-0.91		-0.89	0.53	-0.75	-0.92	0.3	0.71	-0.89	0.26	-0.28	-0.61	0.93	-0.55	0.97	0.08	-0.89	-1.0	-0.75	0.82	0.8
Property Plant And Equipment Net	0.28	0.9	-0.93	-0.9	-0.89	0.97	-0.89		-0.66	0.84	0.97	-0.18	-0.77	0.99	-0.3	0.36	0.65	-0.95	0.66	-0.89	-0.47	0.95	0.91	0.94	-0.77	-0.63
Current Deferred Revenue	-0.61	-0.54	0.42	0.47	0.51	-0.65	0.53	-0.66		-0.42	-0.67	-0.13	0.36	-0.67	0.13	-0.55	-0.53	0.66	-0.26	0.54	0.42	-0.61	-0.56	-0.64	0.24	0.08
Net Debt	0.2	0.9	-0.74	-0.68	-0.76	0.72	-0.75	0.84	-0.42		0.83	-0.16	-0.9	0.85	-0.16	0.41	0.24	-0.68	0.86	-0.69	-0.32	0.75	0.75	0.92	-0.52	-0.47
Retained Earnings	0.4	0.83	-0.87	-0.89	-0.92	0.98	-0.92	0.97	-0.67	0.83		-0.13	-0.69	0.97	-0.29	0.39	0.7	-0.95	0.72	-0.86	-0.44	0.96	0.94	0.9	-0.78	-0.66
Accounts Payable	0.51	-0.01	0.24	0.48	0.3	-0.17	0.3	-0.18	-0.13	-0.16	-0.13		0.38	-0.06	0.82	0.74	-0.21	0.14	0.16	0.35	-0.45	-0.36	-0.28	-0.01	0.49	0.63
Cash	0.16	-0.86	0.69	0.61	0.72	-0.6	0.71	-0.77	0.36	-0.9	-0.69	0.38		-0.77	0.2	-0.26	-0.08	0.62	-0.56	0.74	0.09	-0.67	-0.7	-0.83	0.46	0.45
Non Current Assets Total	0.3	0.92	-0.91	-0.84	-0.89	0.95	-0.89	0.99	-0.67	0.85	0.97	-0.06	-0.77		-0.17	0.48	0.59	-0.95	0.69	-0.88	-0.48	0.91	0.9	0.95	-0.71	-0.57
Non Currrent Assets Other	-0.02	-0.06	0.35	0.63	0.26	-0.35	0.26	-0.3	0.13	-0.16	-0.29	0.82	0.2	-0.17		0.7	-0.57	0.24	-0.01	0.26	0.01	-0.53	-0.28	-0.11	0.58	0.59
Other Assets	0.46	0.51	-0.16	0.05	-0.28	0.29	-0.28	0.36	-0.55	0.41	0.39	0.74	-0.26	0.48	0.7		-0.07	-0.35	0.45	-0.24	-0.38	0.13	0.29	0.53	0.18	0.3
Cash And Short Term Investments	0.46	0.31	-0.66	-0.82	-0.6	0.81	-0.61	0.65	-0.53	0.24	0.7	-0.21	-0.08	0.59	-0.57	-0.07		-0.75	0.26	-0.58	-0.42	0.79	0.65	0.41	-0.81	-0.67
Net Receivables	-0.24	-0.76	0.89	0.88	0.93	-0.98	0.93	-0.95	0.66	-0.68	-0.95	0.14	0.62	-0.95	0.24	-0.35	-0.75		-0.51	0.94	0.36	-0.93	-0.95	-0.81	0.82	0.7
Good Will	0.49	0.73	-0.6	-0.52	-0.56	0.61	-0.55	0.66	-0.26	0.86	0.72	0.16	-0.56	0.69	-0.01	0.45	0.26	-0.51		-0.39	-0.52	0.59	0.55	0.77	-0.43	-0.34
Common Stock Total Equity	0.05	-0.71	0.83	0.84	0.96	-0.88	0.97	-0.89	0.54	-0.69	-0.86	0.35	0.74	-0.88	0.26	-0.24	-0.58	0.94	-0.39		0.07	-0.87	-0.97	-0.74	0.8	0.76
Common Stock Shares Outstanding	-0.68	-0.56	0.52	0.33	0.08	-0.45	0.08	-0.47	0.42	-0.32	-0.44	-0.45	0.09	-0.48	0.01	-0.38	-0.42	0.36	-0.52	0.07		-0.38	-0.13	-0.56	0.19	-0.11
Short Term Investments	0.29	0.76	-0.91	-0.98	-0.89	0.97	-0.89	0.95	-0.61	0.75	0.96	-0.36	-0.67	0.91	-0.53	0.13	0.79	-0.93	0.59	-0.87	-0.38		0.91	0.82	-0.88	-0.77
Non Current Liabilities Total	0.13	0.71	-0.82	-0.88	-1.0	0.93	-1.0	0.91	-0.56	0.75	0.94	-0.28	-0.7	0.9	-0.28	0.29	0.65	-0.95	0.55	-0.97	-0.13	0.91		0.77	-0.83	-0.8
Capital Lease Obligations	0.34	0.98	-0.85	-0.72	-0.76	0.84	-0.75	0.94	-0.64	0.92	0.9	-0.01	-0.83	0.95	-0.11	0.53	0.41	-0.81	0.77	-0.74	-0.56	0.82	0.77		-0.54	-0.38
Inventory	-0.03	-0.5	0.85	0.95	0.82	-0.86	0.82	-0.77	0.24	-0.52	-0.78	0.49	0.46	-0.71	0.58	0.18	-0.81	0.82	-0.43	0.8	0.19	-0.88	-0.83	-0.54		0.95
Other Current Assets	0.15	-0.34	0.69	0.86	0.81	-0.72	0.8	-0.63	0.08	-0.47	-0.66	0.63	0.45	-0.57	0.59	0.3	-0.67	0.7	-0.34	0.76	-0.11	-0.77	-0.8	-0.38	0.95

Click cells to compare fundamentals

Honest Account Relationship Matchups

Honest fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	240.7M	272.6M	240.6M	201.6M	247.4M	191.6M
Short Long Term Debt Total	38.4M	37.5M	37.5M	29.8M	13.2M	26.1M
Other Current Liab	21.4M	19.0M	30.3M	24.1M	35.9M	27.1M
Total Current Liabilities	54.1M	48.5M	63.6M	56.7M	59.9M	58.9M
Total Stockholder Equity	(236.8M)	179.1M	146.4M	123.1M	174.3M	183.0M
Property Plant And Equipment Net	56.7M	53.0M	44.3M	37.2M	28.6M	37.5M
Current Deferred Revenue	716K	731K	815K	2.2M	1.2M	1.2M
Net Debt	9.2M	(13.3M)	28.0M	(3.0M)	(62.2M)	(59.1M)
Retained Earnings	(353.0M)	(391.7M)	(439.8M)	(479.1M)	(485.2M)	(509.5M)
Accounts Payable	31.1M	28.7M	24.8M	22.3M	22.8M	20.1M
Cash	29.3M	50.8M	9.5M	32.8M	75.4M	38.8M
Non Current Assets Total	67.2M	58.8M	51.5M	43.8M	33.5M	42.8M
Non Currrent Assets Other	7.7M	3.2M	4.6M	4.1M	2.4M	3.2M
Other Assets	7.7M	3.2M	4.6M	1.0	0.9	0.86
Cash And Short Term Investments	63.7M	93.2M	15.2M	32.8M	75.4M	48.7M
Net Receivables	22.8M	31.8M	42.3M	43.1M	43.5M	38.1M
Liabilities And Stockholders Equity	240.7M	272.6M	240.6M	201.6M	247.4M	191.6M
Non Current Liabilities Total	423.5M	45.0M	30.7M	21.8M	13.2M	12.5M
Capital Lease Obligations	38.4M	37.5M	37.5M	29.8M	21.7M	27.2M
Inventory	76.7M	75.7M	115.7M	73.5M	85.3M	87.9M
Other Current Assets	10.4M	13.2M	16.0M	8.4M	9.7M	11.7M
Other Stockholder Equity	(376.4M)	570.8M	586.2M	602.2M	659.5M	692.5M
Total Liab	477.6M	93.5M	94.2M	78.5M	73.1M	69.4M
Net Invested Capital	(236.8M)	179.1M	146.4M	123.1M	174.3M	183.0M
Property Plant And Equipment Gross	56.7M	53.0M	44.3M	64.5M	56.6M	44.8M
Total Current Assets	173.6M	213.8M	189.1M	157.8M	213.9M	204.6M
Non Current Liabilities Other	8.7M	7.5M	817K	34K	30.6K	29.1K
Net Working Capital	119.5M	165.3M	125.6M	101.1M	154.0M	145.7M
Intangible Assets	511K	440K	370K	309K	235K	326.1K

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.

Explore Investing Ideas

Additional Tools for Honest Stock Analysis

When running Honest's price analysis, check to measure Honest'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 Honest is operating at the current time. Most of Honest's value examination focuses on studying past and present price action to predict the probability of Honest's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Honest's price. Additionally, you may evaluate how the addition of Honest to your portfolios can decrease your overall portfolio volatility.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC