Bassett Retained Earnings vs Long Term Debt Analysis

BSET Stock

USD 13.12 0.35 2.60%

Bassett Furniture financial indicator trend analysis is way more than just evaluating Bassett Furniture prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Bassett Furniture is a good investment. Please check the relationship between Bassett Furniture Retained Earnings and its Long Term Debt accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Bassett Furniture Industries. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in income.

Retained Earnings vs Long Term Debt

Retained Earnings vs Long Term Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Bassett Furniture Retained Earnings account and Long Term Debt. At this time, the significance of the direction appears to have strong relationship.

The correlation between Bassett Furniture's Retained Earnings and Long Term Debt is 0.79. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Long Term Debt in the same time period over historical financial statements of Bassett Furniture Industries, assuming nothing else is changed. The correlation between historical values of Bassett Furniture's Retained Earnings and Long Term Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Retained Earnings of Bassett Furniture Industries are associated (or correlated) with its Long Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Long Term Debt has no effect on the direction of Retained Earnings i.e., Bassett Furniture's Retained Earnings and Long Term Debt go up and down completely randomly.

Correlation Coefficient

0.79

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Retained Earnings

The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.

Long Term Debt

Long-term debt is a debt that Bassett Furniture has held for over one year. Long-term debt appears on Bassett Furniture Industries balance sheet and also includes long-term leases. The most common forms of long term debt are bonds payable, long-term notes payable, mortgage payable, pension liabilities, and lease liabilities. In the corporate world, long-term debt is generally used to fund big-ticket items, such as machinery, buildings, and land. The total of long-term debt reported on Bassett Furniture Industries balance sheet is the sum of the balances of all categories of long-term debt. Debt that is not due within the current year and is often considered to be financing activities that are to be repaid over several years.

Most indicators from Bassett Furniture's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Bassett Furniture 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 Bassett Furniture Industries. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in income.

At this time, Bassett Furniture's Discontinued Operations is comparatively stable compared to the past year. Issuance Of Capital Stock is likely to gain to about 380.1 K in 2024, whereas Sales General And Administrative To Revenue is likely to drop 0.56 in 2024.

	2021	2022	2023	2024 (projected)
Interest Expense	38K	22K	19.8K	18.8K
Depreciation And Amortization	11.3M	10.1M	11.7M	10.2M

Interest Expense Depreciation And Amortization

Bassett Furniture fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	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	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Accounts Payable	Common Stock Total Equity	Short Term Investments	Common Stock
Total Assets		0.8	0.27	0.77	-0.07	0.92	0.87	0.03	0.38	0.97	-0.66	0.57	0.05	-0.59	0.9	0.45	0.33	-0.41	0.92	0.72	0.5	0.76	-0.11	-0.77	0.0	-0.72
Short Long Term Debt Total	0.8		-0.06	0.55	-0.22	0.87	0.87	-0.1	0.02	0.81	-0.59	0.1	-0.07	-0.6	0.87	0.31	0.47	-0.37	0.85	0.76	0.16	0.95	-0.16	-0.79	-0.01	-0.76
Other Current Liab	0.27	-0.06		0.43	0.43	0.1	-0.1	0.35	0.41	0.19	-0.54	0.49	0.38	0.19	-0.04	0.19	-0.11	-0.39	0.1	-0.16	0.53	0.06	0.35	0.18	0.13	0.22
Total Current Liabilities	0.77	0.55	0.43		-0.36	0.66	0.67	-0.37	0.07	0.84	-0.63	0.31	-0.12	-0.62	0.62	0.54	0.63	-0.53	0.77	0.3	0.36	0.67	0.42	-0.62	0.16	-0.51
Total Stockholder Equity	-0.07	-0.22	0.43	-0.36		-0.23	-0.39	0.98	0.61	-0.27	-0.07	0.4	0.65	0.64	-0.28	0.13	-0.52	0.19	-0.34	-0.18	0.6	-0.24	-0.12	0.47	-0.17	0.44
Property Plant And Equipment Net	0.92	0.87	0.1	0.66	-0.23		0.95	-0.11	0.14	0.92	-0.65	0.33	-0.13	-0.67	0.98	0.2	0.41	-0.44	0.97	0.88	0.2	0.78	-0.2	-0.85	0.16	-0.82
Net Debt	0.87	0.87	-0.1	0.67	-0.39	0.95		-0.27	0.03	0.9	-0.45	0.19	-0.13	-0.67	0.98	0.26	0.5	-0.29	0.97	0.8	0.17	0.81	-0.15	-0.84	0.13	-0.79
Retained Earnings	0.03	-0.1	0.35	-0.37	0.98	-0.11	-0.27		0.63	-0.19	-0.05	0.41	0.7	0.61	-0.16	0.1	-0.55	0.21	-0.24	-0.05	0.61	-0.16	-0.21	0.39	-0.23	0.36
Cash	0.38	0.02	0.41	0.07	0.61	0.14	0.03	0.63		0.21	-0.25	0.82	0.45	0.2	0.17	0.26	-0.53	-0.18	0.11	0.1	0.74	-0.01	-0.26	0.07	-0.54	0.04
Non Current Assets Total	0.97	0.81	0.19	0.84	-0.27	0.92	0.9	-0.19	0.21		-0.67	0.46	-0.12	-0.73	0.9	0.4	0.47	-0.46	0.94	0.72	0.33	0.8	-0.05	-0.83	0.07	-0.79
Non Currrent Assets Other	-0.66	-0.59	-0.54	-0.63	-0.07	-0.65	-0.45	-0.05	-0.25	-0.67		-0.38	0.16	0.51	-0.53	-0.29	-0.3	0.75	-0.61	-0.5	-0.23	-0.59	-0.09	0.55	-0.06	0.53
Cash And Short Term Investments	0.57	0.1	0.49	0.31	0.4	0.33	0.19	0.41	0.82	0.46	-0.38		0.13	-0.18	0.3	0.24	-0.28	-0.23	0.29	0.28	0.61	0.06	-0.36	-0.23	-0.1	-0.26
Net Receivables	0.05	-0.07	0.38	-0.12	0.65	-0.13	-0.13	0.7	0.45	-0.12	0.16	0.13		0.75	-0.12	0.11	-0.42	0.34	-0.15	-0.25	0.66	0.02	0.18	0.53	-0.38	0.59
Common Stock Shares Outstanding	-0.59	-0.6	0.19	-0.62	0.64	-0.67	-0.67	0.61	0.2	-0.73	0.51	-0.18	0.75		-0.66	-0.22	-0.6	0.51	-0.7	-0.63	0.24	-0.54	0.16	0.92	-0.27	0.92
Non Current Liabilities Total	0.9	0.87	-0.04	0.62	-0.28	0.98	0.98	-0.16	0.17	0.9	-0.53	0.3	-0.12	-0.66		0.24	0.39	-0.36	0.97	0.87	0.22	0.78	-0.24	-0.85	0.06	-0.82
Inventory	0.45	0.31	0.19	0.54	0.13	0.2	0.26	0.1	0.26	0.4	-0.29	0.24	0.11	-0.22	0.24		0.39	-0.24	0.31	-0.08	0.67	0.42	0.4	-0.31	-0.19	-0.22
Other Current Assets	0.33	0.47	-0.11	0.63	-0.52	0.41	0.5	-0.55	-0.53	0.47	-0.3	-0.28	-0.42	-0.6	0.39	0.39		-0.13	0.5	0.16	-0.1	0.57	0.38	-0.55	0.46	-0.47
Other Stockholder Equity	-0.41	-0.37	-0.39	-0.53	0.19	-0.44	-0.29	0.21	-0.18	-0.46	0.75	-0.23	0.34	0.51	-0.36	-0.24	-0.13		-0.46	-0.34	-0.03	-0.36	-0.18	0.49	0.11	0.48
Total Liab	0.92	0.85	0.1	0.77	-0.34	0.97	0.97	-0.24	0.11	0.94	-0.61	0.29	-0.15	-0.7	0.97	0.31	0.5	-0.46		0.79	0.24	0.8	-0.06	-0.85	0.13	-0.8
Property Plant And Equipment Gross	0.72	0.76	-0.16	0.3	-0.18	0.88	0.8	-0.05	0.1	0.72	-0.5	0.28	-0.25	-0.63	0.87	-0.08	0.16	-0.34	0.79		-0.06	0.56	-0.53	-0.81	0.14	-0.84
Total Current Assets	0.5	0.16	0.53	0.36	0.6	0.2	0.17	0.61	0.74	0.33	-0.23	0.61	0.66	0.24	0.22	0.67	-0.1	-0.03	0.24	-0.06		0.25	0.17	0.05	-0.28	0.12
Short Term Debt	0.76	0.95	0.06	0.67	-0.24	0.78	0.81	-0.16	-0.01	0.8	-0.59	0.06	0.02	-0.54	0.78	0.42	0.57	-0.36	0.8	0.56	0.25		0.06	-0.69	0.0	-0.63
Accounts Payable	-0.11	-0.16	0.35	0.42	-0.12	-0.2	-0.15	-0.21	-0.26	-0.05	-0.09	-0.36	0.18	0.16	-0.24	0.4	0.38	-0.18	-0.06	-0.53	0.17	0.06		0.22	-0.01	0.35
Common Stock Total Equity	-0.77	-0.79	0.18	-0.62	0.47	-0.85	-0.84	0.39	0.07	-0.83	0.55	-0.23	0.53	0.92	-0.85	-0.31	-0.55	0.49	-0.85	-0.81	0.05	-0.69	0.22		-0.18	0.98
Short Term Investments	0.0	-0.01	0.13	0.16	-0.17	0.16	0.13	-0.23	-0.54	0.07	-0.06	-0.1	-0.38	-0.27	0.06	-0.19	0.46	0.11	0.13	0.14	-0.28	0.0	-0.01	-0.18		-0.19
Common Stock	-0.72	-0.76	0.22	-0.51	0.44	-0.82	-0.79	0.36	0.04	-0.79	0.53	-0.26	0.59	0.92	-0.82	-0.22	-0.47	0.48	-0.8	-0.84	0.12	-0.63	0.35	0.98	-0.19

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Bassett Furniture Account Relationship Matchups

Bassett Furniture fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	402.5M	421.7M	406.3M	370.4M	426.0M	329.9M
Other Current Liab	28.1M	26.7M	25.7M	19.9M	22.9M	20.8M
Total Current Liabilities	118.4M	134.2M	100.8M	77.9M	89.6M	57.9M
Total Stockholder Equity	158.0M	162.7M	195.6M	183.4M	165.1M	171.9M
Property Plant And Equipment Net	207.8M	208.2M	176.5M	184.9M	212.6M	223.2M
Net Debt	93.3M	99.2M	54.7M	63.8M	73.3M	77.0M
Retained Earnings	109.7M	115.6M	150.8M	139.4M	125.4M	130.3M
Cash	45.8M	34.4M	61.6M	52.4M	47.2M	26.2M
Non Current Assets Total	241.9M	241.4M	209.8M	212.5M	244.3M	161.3M
Non Currrent Assets Other	5.6M	6.5M	6.1M	6.9M	6.2M	6.5M
Cash And Short Term Investments	63.5M	52.1M	79.3M	70.2M	80.7M	42.7M
Net Receivables	32.0M	36.5M	20.2M	16.3M	14.7M	13.9M
Common Stock Shares Outstanding	10.0M	9.8M	9.4M	8.8M	7.9M	9.9M
Liabilities And Stockholders Equity	402.5M	421.7M	406.3M	370.4M	426.0M	329.9M
Non Current Liabilities Total	126.1M	124.7M	109.8M	109.1M	125.5M	131.7M
Inventory	54.9M	78.0M	85.5M	63.0M	56.7M	45.0M
Other Current Assets	10.3M	13.6M	11.5M	8.5M	7.6M	9.6M
Other Stockholder Equity	(1.4M)	113K	50K	93K	83.7K	79.5K
Total Liab	244.5M	258.9M	210.7M	187.0M	215.0M	225.8M
Property Plant And Equipment Gross	207.8M	208.2M	176.5M	343.7M	395.2M	415.0M
Total Current Assets	160.7M	180.3M	196.5M	158.0M	142.2M	122.7M
Accumulated Other Comprehensive Income	(1.4M)	(1.8M)	50K	152K	174.8K	183.5K
Accounts Payable	23.4M	28.3M	20.4M	16.3M	14.7M	17.3M
Common Stock Total Equity	52.6M	50.6M	49.7M	44.8M	40.3M	44.8M
Short Term Investments	22.6M	17.4M	17.7M	17.8M	16.0M	26.3M
Common Stock	49.7M	48.8M	44.8M	43.8M	39.5M	44.2M
Other Liab	24.8M	14.2M	13.0M	12M	10.8M	16.2M
Other Assets	10.2M	9.7M	11.6M	(37.9M)	(34.1M)	(32.4M)
Property Plant Equipment	101.7M	90.9M	208.2M	77.0M	88.6M	102.5M
Current Deferred Revenue	39.8M	51.5M	36.0M	22.8M	26.2M	27.5M
Intangible Assets	11.7M	11.3M	9.0M	8.9M	10.2M	6.5M
Net Tangible Assets	178.7M	158.0M	139.3M	195.6M	225.0M	179.2M
Retained Earnings Total Equity	140.0M	129.1M	109.7M	150.8M	173.4M	133.1M
Non Current Liabilities Other	126.1M	5.9M	109.8M	1.5M	1.8M	1.7M

Pair Trading with Bassett Furniture

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 Bassett Furniture 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 Bassett Furniture will appreciate offsetting losses from the drop in the long position's value.

Moving together with Bassett Stock

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Moving against Bassett Stock

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0.67	HBB	Hamilton Beach Brands	Pair Corr
0.58	AN	AutoNation Buyout Trend	Pair Corr

The ability to find closely correlated positions to Bassett Furniture could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Bassett Furniture 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 Bassett Furniture - 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 Bassett Furniture Industries to buy it.

The correlation of Bassett Furniture 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 Bassett Furniture moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Bassett Furniture 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 Bassett Furniture 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

When determining whether Bassett Furniture is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Bassett Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Bassett Furniture Industries Stock. Highlighted below are key reports to facilitate an investment decision about Bassett Furniture Industries Stock:

How To Invest In Bassett

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Is Bassett Stock a good investment?

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What is Bassett Furniture's Net Worth?

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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Bassett Furniture Industries. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in income.

Note that the Bassett Furniture information on this page should be used as a complementary analysis to other Bassett Furniture's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.

Complementary Tools for Bassett Stock analysis

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

	Pair Correlation Compare performance and examine fundamental relationship between any two equity instruments
	Price Transformation Use Price Transformation models to analyze the depth of different equity instruments across global markets
	Portfolio Volatility Check portfolio volatility and analyze historical return density to properly model market risk
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	Alpha Finder Use alpha and beta coefficients to find investment opportunities after accounting for the risk

Is Bassett Furniture's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Bassett Furniture. If investors know Bassett will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Bassett Furniture listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

(0.95)

Dividend Share

0.7

Earnings Share

(0.66)

Revenue Per Share

42.156

Quarterly Revenue Growth

(0.20)

The market value of Bassett Furniture is measured differently than its book value, which is the value of Bassett that is recorded on the company's balance sheet. Investors also form their own opinion of Bassett Furniture's value that differs from its market value or its book value, called intrinsic value, which is Bassett Furniture's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Bassett Furniture's market value can be influenced by many factors that don't directly affect Bassett Furniture's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Bassett Furniture's value and its price as these two are different measures arrived at by different means. Investors typically determine if Bassett Furniture is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Bassett Furniture's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Bassett Retained Earnings vs Long Term Debt Analysis

Retained Earnings vs Long Term Debt

Retained Earnings vs Long Term Debt Correlation Analysis

Correlation Coefficient

Retained Earnings

Long Term Debt

Bassett Furniture fundamental ratios Correlations

Bassett Furniture Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Bassett Furniture fundamental ratios Accounts

Pair Trading with Bassett Furniture

Moving together with Bassett Stock

Moving against Bassett Stock

Complementary Tools for Bassett Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Retained Earnings	+ 0.98	Total Stockholder Equity
Non Current Liabilities Total	+ 0.98	Property Plant And Equipment Net
Non Current Liabilities Total	+ 0.98	Net Debt
Common Stock	+ 0.98	Common Stock Total Equity
Non Current Assets Total	+ 0.97	Total Assets
Total Liab	+ 0.97	Property Plant And Equipment Net

Common Stock Total Equity	- 0.85	Total Liab
Common Stock Total Equity	- 0.85	Non Current Liabilities Total
Common Stock Total Equity	- 0.85	Property Plant And Equipment Net
Common Stock	- 0.84	Property Plant And Equipment Gross
Common Stock Total Equity	- 0.84	Net Debt
Common Stock Total Equity	- 0.83	Non Current Assets Total