Hanover Historical Balance Sheet

HNVR Stock

USD 22.45 0.61 2.65%

Trend analysis of Hanover Bancorp balance sheet accounts such as Net Tangible Assets of 100.6 M or Accounts Payable of 1.6 M provides information on Hanover Bancorp's total assets, liabilities, and equity, which is the actual value of Hanover Bancorp to its prevalent stockholders. By breaking down trends over time using Hanover Bancorp balance sheet statements, investors will see what precisely the company owns and what it owes to creditors or other parties at the end of each accounting year.

Cash Flow Balance Sheet Income Statement

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Financial Statement Analysis is much more than just reviewing and examining Hanover Bancorp latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Hanover Bancorp is a good buy for the upcoming year.

Hanover Bancorp Inventory

(205.47 Million)

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Hanover Bancorp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real.

To learn how to invest in Hanover Stock, please use our How to Invest in Hanover Bancorp guide.

About Hanover Balance Sheet Analysis

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

Hanover Bancorp Balance Sheet Chart

At this time, Hanover Bancorp's Total Current Liabilities is relatively stable compared to the past year. As of 01/03/2025, Other Current Assets is likely to grow to about 249.7 M, while Net Tangible Assets are likely to drop slightly above 100.6 M.

Total Current Liabilities Net Tangible Assets Accounts Payable Other Assets Other Current Assets Current Deferred Revenue

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Total Current Liabilities

Total Current Liabilities is an item on Hanover Bancorp balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Hanover Bancorp are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.

Net Tangible Assets

The total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company.

Accounts Payable

An accounting item on the balance sheet that represents Hanover Bancorp obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Hanover Bancorp are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.

Other Current Assets

Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.

Current Deferred Revenue

Revenue that has been collected but not yet earned, typically from prepaid service contracts or subscriptions. This amount is considered a liability until the service is provided or the subscription period ends.

Most accounts from Hanover Bancorp's balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts one by one will only give a small insight into Hanover Bancorp current financial condition. On the other hand, looking into the entire matrix of balance sheet accounts, 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 Hanover Bancorp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real.

To learn how to invest in Hanover Stock, please use our How to Invest in Hanover Bancorp guide.At this time, Hanover Bancorp's Total Current Liabilities is relatively stable compared to the past year. As of 01/03/2025, Other Current Assets is likely to grow to about 249.7 M, while Net Tangible Assets are likely to drop slightly above 100.6 M.

	2021	2024	2025 (projected)
Other Liabilities	13.0M	15.0M	10.7M
Total Current Liabilities	915K	1.3B	1.4B

Other Liab Total Current Liabilities

Hanover Bancorp balance sheet Correlations

	Total Current Liabilities	Other Liab	Net Tangible Assets	Accounts Payable	Other Assets	Other Current Assets	Total Current Assets	Common Stock	Property Plant Equipment	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Good Will	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Stockholder Equity	Total Liab	Long Term Debt
Total Current Liabilities		0.38	0.48	-0.33	-0.93	0.65	0.82	-0.22	0.57	0.61	0.7	-0.32	0.59	0.81	0.07	0.62	0.64	0.99	0.92	0.6	0.45	0.7	0.98	0.56	0.62	0.67
Other Liab	0.38		0.94	-0.8	-0.2	0.82	0.81	-0.93	0.77	0.91	0.81	-0.87	0.91	0.73	-0.45	0.9	0.9	0.43	0.68	0.91	0.92	0.86	0.54	0.92	0.91	0.86
Net Tangible Assets	0.48	0.94		-0.82	-0.29	0.73	0.83	-0.79	0.71	0.98	0.85	-0.85	0.99	0.82	-0.52	0.98	0.96	0.51	0.73	0.97	0.95	0.96	0.6	0.98	0.98	0.88
Accounts Payable	-0.33	-0.8	-0.82		0.19	-0.74	-0.75	0.78	-0.65	-0.8	-0.69	0.98	-0.82	-0.59	0.48	-0.8	-0.78	-0.32	-0.63	-0.81	-0.85	-0.74	-0.45	-0.82	-0.8	-0.77
Other Assets	-0.93	-0.2	-0.29	0.19		-0.58	-0.67	0.12	-0.38	-0.41	-0.58	0.18	-0.38	-0.74	-0.33	-0.44	-0.45	-0.92	-0.81	-0.4	-0.21	-0.52	-0.9	-0.33	-0.42	-0.53
Other Current Assets	0.65	0.82	0.73	-0.74	-0.58		0.92	-0.81	0.83	0.78	0.86	-0.79	0.76	0.78	-0.03	0.76	0.82	0.7	0.86	0.81	0.77	0.76	0.79	0.75	0.78	0.9
Total Current Assets	0.82	0.81	0.83	-0.75	-0.67	0.92		-0.71	0.82	0.89	0.88	-0.77	0.88	0.87	-0.25	0.88	0.89	0.84	0.98	0.89	0.82	0.9	0.91	0.87	0.89	0.91
Common Stock	-0.22	-0.93	-0.79	0.78	0.12	-0.81	-0.71		-0.69	-0.72	-0.61	0.88	-0.73	-0.53	0.43	-0.72	-0.7	-0.29	-0.57	-0.73	-0.77	-0.67	-0.41	-0.74	-0.72	-0.69
Property Plant Equipment	0.57	0.77	0.71	-0.65	-0.38	0.83	0.82	-0.69		0.75	0.75	-0.69	0.74	0.67	-0.24	0.71	0.77	0.6	0.75	0.77	0.74	0.74	0.68	0.75	0.75	0.8
Total Assets	0.61	0.91	0.98	-0.8	-0.41	0.78	0.89	-0.72	0.75		0.92	-0.82	1.0	0.88	-0.42	0.99	0.99	0.63	0.82	0.99	0.96	0.98	0.71	0.99	1.0	0.94
Short Long Term Debt Total	0.7	0.81	0.85	-0.69	-0.58	0.86	0.88	-0.61	0.75	0.92		-0.7	0.89	0.93	-0.04	0.9	0.96	0.72	0.84	0.94	0.88	0.91	0.79	0.88	0.93	0.99
Other Current Liab	-0.32	-0.87	-0.85	0.98	0.18	-0.79	-0.77	0.88	-0.69	-0.82	-0.7		-0.83	-0.6	0.49	-0.82	-0.8	-0.33	-0.64	-0.83	-0.87	-0.76	-0.46	-0.84	-0.82	-0.79
Total Stockholder Equity	0.59	0.91	0.99	-0.82	-0.38	0.76	0.88	-0.73	0.74	1.0	0.89	-0.83		0.86	-0.48	1.0	0.98	0.6	0.8	0.99	0.96	0.98	0.68	1.0	1.0	0.92
Property Plant And Equipment Net	0.81	0.73	0.82	-0.59	-0.74	0.78	0.87	-0.53	0.67	0.88	0.93	-0.6	0.86		-0.06	0.9	0.9	0.82	0.89	0.87	0.74	0.93	0.86	0.82	0.89	0.9
Net Debt	0.07	-0.45	-0.52	0.48	-0.33	-0.03	-0.25	0.43	-0.24	-0.42	-0.04	0.49	-0.48	-0.06		-0.44	-0.31	0.06	-0.13	-0.36	-0.45	-0.4	0.02	-0.52	-0.41	-0.12
Retained Earnings	0.62	0.9	0.98	-0.8	-0.44	0.76	0.88	-0.72	0.71	0.99	0.9	-0.82	1.0	0.9	-0.44		0.98	0.63	0.82	0.98	0.93	0.99	0.71	0.98	0.99	0.91
Cash	0.64	0.9	0.96	-0.78	-0.45	0.82	0.89	-0.7	0.77	0.99	0.96	-0.8	0.98	0.9	-0.31	0.98		0.65	0.83	1.0	0.96	0.97	0.73	0.97	0.99	0.97
Non Current Assets Total	0.99	0.43	0.51	-0.32	-0.92	0.7	0.84	-0.29	0.6	0.63	0.72	-0.33	0.6	0.82	0.06	0.63	0.65		0.93	0.61	0.46	0.71	0.99	0.57	0.63	0.69
Non Currrent Assets Other	0.92	0.68	0.73	-0.63	-0.81	0.86	0.98	-0.57	0.75	0.82	0.84	-0.64	0.8	0.89	-0.13	0.82	0.83	0.93		0.81	0.7	0.86	0.98	0.78	0.82	0.85
Cash And Short Term Investments	0.6	0.91	0.97	-0.81	-0.4	0.81	0.89	-0.73	0.77	0.99	0.94	-0.83	0.99	0.87	-0.36	0.98	1.0	0.61	0.81		0.98	0.96	0.7	0.98	0.99	0.97
Good Will	0.45	0.92	0.95	-0.85	-0.21	0.77	0.82	-0.77	0.74	0.96	0.88	-0.87	0.96	0.74	-0.45	0.93	0.96	0.46	0.7	0.98		0.89	0.56	0.97	0.96	0.92
Common Stock Shares Outstanding	0.7	0.86	0.96	-0.74	-0.52	0.76	0.9	-0.67	0.74	0.98	0.91	-0.76	0.98	0.93	-0.4	0.99	0.97	0.71	0.86	0.96	0.89		0.77	0.97	0.98	0.91
Non Current Liabilities Total	0.98	0.54	0.6	-0.45	-0.9	0.79	0.91	-0.41	0.68	0.71	0.79	-0.46	0.68	0.86	0.02	0.71	0.73	0.99	0.98	0.7	0.56	0.77		0.65	0.71	0.77
Other Stockholder Equity	0.56	0.92	0.98	-0.82	-0.33	0.75	0.87	-0.74	0.75	0.99	0.88	-0.84	1.0	0.82	-0.52	0.98	0.97	0.57	0.78	0.98	0.97	0.97	0.65		0.99	0.91
Total Liab	0.62	0.91	0.98	-0.8	-0.42	0.78	0.89	-0.72	0.75	1.0	0.93	-0.82	1.0	0.89	-0.41	0.99	0.99	0.63	0.82	0.99	0.96	0.98	0.71	0.99		0.94
Long Term Debt	0.67	0.86	0.88	-0.77	-0.53	0.9	0.91	-0.69	0.8	0.94	0.99	-0.79	0.92	0.9	-0.12	0.91	0.97	0.69	0.85	0.97	0.92	0.91	0.77	0.91	0.94

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Hanover Bancorp Account Relationship Matchups

Hanover Bancorp balance sheet Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Current Liabilities	374K	1.3M	915K	1.2B	1.3B	1.4B
Other Liab	10.3M	8.3M	12.0M	13.0M	15.0M	10.7M
Net Tangible Assets	70.5M	76.1M	102.9M	153.4M	176.4M	100.6M
Accounts Payable	374K	1.3M	915K	1.8M	1.6M	1.6M
Other Assets	725.6M	1.3B	1.6B	(208.5M)	(187.6M)	(178.3M)
Other Current Assets	91.6M	180.1M	3.4M	206.8M	237.8M	249.7M
Total Current Assets	93.0M	168.4M	162.2M	403.0M	463.4M	486.6M
Property Plant Equipment	14.4M	14.2M	15.0M	14.5M	16.6M	15.8M
Total Assets	851.6M	1.5B	1.8B	2.1B	2.5B	1.6B
Short Long Term Debt Total	100.1M	184.2M	126.3M	215.4M	247.7M	163.2M
Other Current Liab	(374K)	(1.3M)	(3.4M)	(1.8M)	(1.6M)	(1.6M)
Total Stockholder Equity	78.0M	122.5M	172.6M	185.9M	213.8M	138.8M
Property Plant And Equipment Net	14.2M	15.0M	14.5M	26.3M	30.2M	18.5M
Net Debt	19.9M	32.9M	(23.6M)	22.7M	20.5M	12.8M
Retained Earnings	14.1M	25.0M	46.5M	58.7M	67.5M	33.7M
Cash	80.2M	151.3M	149.9M	192.1M	220.9M	145.5M
Non Current Assets Total	33.0M	54.7M	46.8M	2.0B	2.2B	2.4B
Non Currrent Assets Other	(33.0M)	(3.6M)	(6.0M)	1.9B	2.2B	2.3B
Cash And Short Term Investments	86.2M	159.0M	162.2M	192.6M	221.5M	151.3M
Liabilities And Stockholders Equity	851.6M	1.5B	1.8B	2.1B	2.5B	1.6B
Non Current Liabilities Total	100.1M	184.2M	915K	2.0B	2.3B	2.4B
Other Stockholder Equity	63.7M	97.2M	126.7M	125.5M	144.3M	104.7M
Total Liab	773.6M	1.4B	1.7B	2.0B	2.3B	1.4B
Accumulated Other Comprehensive Income	156K	256K	(620K)	(1.3M)	(1.2M)	(1.1M)

Pair Trading with Hanover Bancorp

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Hanover Bancorp position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Hanover Bancorp will appreciate offsetting losses from the drop in the long position's value.

Moving together with Hanover Stock

0.76	AX	Axos Financial	Pair Corr
0.76	BY	Byline Bancorp Fiscal Year End 23rd of January 2025	Pair Corr

Moving against Hanover Stock

0.77	CFG-PE	Citizens Financial	Pair Corr
0.71	TFC-PO	Truist Financial	Pair Corr
0.71	TFC-PR	Truist Financial Normal Trading	Pair Corr
0.62	NU	Nu Holdings Aggressive Push	Pair Corr
0.54	WF	Woori Financial Group	Pair Corr

The ability to find closely correlated positions to Hanover Bancorp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Hanover Bancorp when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Hanover Bancorp - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Hanover Bancorp to buy it.

The correlation of Hanover Bancorp is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Hanover Bancorp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Hanover Bancorp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Hanover Bancorp can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

Additional Tools for Hanover Stock Analysis

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

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Hanover Historical Balance Sheet

Hanover Bancorp Inventory

(205.47 Million)

About Hanover Balance Sheet Analysis

Hanover Bancorp Balance Sheet Chart

Total Current Liabilities

Net Tangible Assets

Accounts Payable

Other Current Assets

Current Deferred Revenue

Hanover Bancorp balance sheet Correlations

Hanover Bancorp Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Hanover Bancorp balance sheet Accounts

Pair Trading with Hanover Bancorp

Moving together with Hanover Stock

Moving against Hanover Stock

Additional Tools for Hanover Stock Analysis

COMMON DESTINATIONS

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COMPANY

Total Stockholder Equity	+ 1.0	Total Assets
Total Liab	+ 1.0	Total Assets
Retained Earnings	+ 1.0	Total Stockholder Equity
Other Stockholder Equity	+ 1.0	Total Stockholder Equity
Total Liab	+ 1.0	Total Stockholder Equity
Cash And Short Term Investments	+ 1.0	Cash

Common Stock	- 0.93	Other Liab
Other Assets	- 0.93	Total Current Liabilities
Non Current Assets Total	- 0.92	Other Assets
Non Current Liabilities Total	- 0.9	Other Assets
Good Will	- 0.87	Other Current Liab
Other Current Liab	- 0.87	Other Liab