How much will First Horizon owe in February?
By Ellen Johnson | Macroaxis Story |
First Horizon National is scheduled to announce its earnings today. The next earnings report is expected on the 20th of April 2021. First Horizon PPandE Turnover is quite stable at the moment as compared to the past year. The company's current value of PPandE Turnover is estimated at 5.57. Revenue to Assets is expected to rise to 0.06 this year, although the value of Revenue Per Employee will most likely fall to about 354.5 K. As many millenniums are trying to avoid financial services space, it makes sense to outline First Horizon National a little further and try to understand its current market patterns.
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Reviewed by Gabriel Shpitalnik
First Horizon National has 4.41 B in debt with debt to equity (D/E) ratio of 10.05, demonstrating that First Horizon National may be unable to create cash to meet all of its financial commitments. The asset utilization indicator refers to the revenue earned for every dollar of assets a company currently reports. First Horizon has an asset utilization ratio of 7.41 percent. This suggests that the company is making $0.0741 for each dollar of assets. An increasing asset utilization means that First Horizon National is more efficient with each dollar of assets it utilizes for everyday operations. First Horizon financial leverage ratio helps determine the effect of debt on the overall profitability of the company. It measures the total debt position of First Horizon, including all of First Horizon's outstanding debt obligations, and compares it with the equity. In simple terms, the high financial leverage means the cost of production, together with running the business day-to-day, is high, whereas, lower financial leverage implies lower fixed cost investment in the business and generally considered by investors to be a good sign. So if creditors own a majority of First Horizon assets, the company is considered highly leveraged. Understanding the composition and structure of overall First Horizon debt and outstanding corporate bonds gives a good idea of how risky the capital structure of a business is and if it is worth investing in it. Please read more on our technical analysis page.
Understanding First Total Debt
First Horizon National liabilities are broken down into two parts on the balance sheet. These are short-term (or current) obligations and long-term debt. First Horizon National has to fulfill its short-term liabilities in this reporting year and should be no more than 12 months old. Long-term debt, on the other hand, is anything beyond the 12-month payment timeframe. Common short-term liabilities found on First Horizon balance sheet include debt obligations and money owed to different First Horizon vendors, workers, and loan providers. Below is the chart of First main long-term debt accounts currently reported on its balance sheet. You can use First Horizon National financial leverage analysis tool to get a better grip on understanding its financial positionHow important is First Horizon's Liquidity
First Horizon financial leverage refers to using borrowed capital as a funding source to finance First Horizon National ongoing operations. It is usually used to expand the firm's asset base and generate returns on borrowed capital. First Horizon financial leverage is typically calculated by taking the company's all interest-bearing debt and dividing it by total capital. So the higher the debt-to-capital ratio (i.e., financial leverage), the riskier the company. Financial leverage can amplify the potential profits to First Horizon's owners, but it also increases the potential losses and risk of financial distress, including bankruptcy, if the firm cannot cover its debt costs. The degree of First Horizon's financial leverage can be measured in several ways, including by ratios such as the debt-to-equity ratio (total debt / total equity), equity multiplier (total assets / total equity), or the debt ratio (total debt / total assets). Please check the breakdown between First Horizon's total debt and its cash.
What is the case for First Horizon Investors
The entity reported the last year's revenue of 1.94 B. Total Income to common stockholders was 704.5 M with profit before taxes, overhead, and interest of 1.82 B.
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