Flexsteel Cash And Short Term Investments vs Net Debt Analysis
FLXS Stock | USD 34.70 0.40 1.14% |
Flexsteel Industries financial indicator trend analysis is much more than just examining Flexsteel Industries latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Flexsteel Industries is a good investment. Please check the relationship between Flexsteel Industries Cash And Short Term Investments and its Net Debt accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Flexsteel 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 interest. For more information on how to buy Flexsteel Stock please use our How to Invest in Flexsteel Industries guide.
Cash And Short Term Investments vs Net Debt
Cash And Short Term Investments vs Net Debt Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Flexsteel Industries Cash And Short Term Investments account and Net Debt. At this time, the significance of the direction appears to have pay attention.
The correlation between Flexsteel Industries' Cash And Short Term Investments and Net Debt is -0.87. Overlapping area represents the amount of variation of Cash And Short Term Investments that can explain the historical movement of Net Debt in the same time period over historical financial statements of Flexsteel Industries, assuming nothing else is changed. The correlation between historical values of Flexsteel Industries' Cash And Short Term Investments and Net 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 Cash And Short Term Investments of Flexsteel Industries are associated (or correlated) with its Net Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Debt has no effect on the direction of Cash And Short Term Investments i.e., Flexsteel Industries' Cash And Short Term Investments and Net Debt go up and down completely randomly.
Correlation Coefficient | -0.87 |
Relationship Direction | Negative |
Relationship Strength | Significant |
Cash And Short Term Investments
Short Term Investments is an account in the current assets section of Flexsteel Industries balance sheet. This account contains Flexsteel Industries investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Flexsteel Industries fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.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.Most indicators from Flexsteel Industries' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Flexsteel Industries 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Flexsteel 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 interest. For more information on how to buy Flexsteel Stock please use our How to Invest in Flexsteel Industries guide.Sales General And Administrative To Revenue is likely to gain to 0.17 in 2024, whereas Selling General Administrative is likely to drop slightly above 65.7 M in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 72.7M | 70.9M | 81.6M | 75.5M | Total Revenue | 544.3M | 393.7M | 452.7M | 351.5M |
Flexsteel Industries fundamental ratios Correlations
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Flexsteel Industries Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Flexsteel Industries fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 237.3M | 296.8M | 268.7M | 290.6M | 334.1M | 175.2M | |
Other Current Liab | 21.3M | 26.1M | 26.1M | 23.2M | 26.7M | 19.6M | |
Total Current Liabilities | 53.5M | 99.8M | 64.6M | 55.1M | 63.4M | 35.5M | |
Total Stockholder Equity | 175.5M | 168.0M | 131.6M | 141.6M | 162.9M | 126.1M | |
Property Plant And Equipment Net | 52.0M | 66.8M | 76.7M | 106.9M | 123.0M | 129.1M | |
Net Debt | (36.2M) | 32.3M | 41.9M | 24.9M | 28.6M | 30.1M | |
Retained Earnings | 137.3M | 157.1M | 155.3M | 166.8M | 191.8M | 114.0M | |
Cash | 48.2M | 1.3M | 2.2M | 3.4M | 3.9M | 3.7M | |
Non Current Assets Total | 55.4M | 68.2M | 78.7M | 119.9M | 137.9M | 144.8M | |
Non Currrent Assets Other | 1.3M | 1.4M | 1.9M | 5.8M | 6.7M | 7.4M | |
Cash And Short Term Investments | 48.2M | 1.3M | 2.2M | 3.4M | 3.9M | 3.7M | |
Net Receivables | 32.2M | 56.0M | 41.1M | 38.2M | 43.9M | 36.9M | |
Common Stock Shares Outstanding | 8.0M | 7.5M | 6.5M | 5.4M | 6.2M | 7.7M | |
Liabilities And Stockholders Equity | 237.3M | 296.8M | 268.7M | 290.6M | 334.1M | 175.2M | |
Non Current Liabilities Total | 8.3M | 29.1M | 72.6M | 93.8M | 107.9M | 113.3M | |
Inventory | 70.6M | 161.1M | 141.2M | 122.1M | 140.4M | 147.4M | |
Other Current Assets | 18.5M | 9.4M | 5.0M | 6.4M | 7.4M | 7.6M | |
Other Stockholder Equity | 30.2M | 2.7M | (31.9M) | (33.5M) | (30.1M) | (28.6M) | |
Total Liab | 61.8M | 128.8M | 137.2M | 148.9M | 171.3M | 179.8M | |
Property Plant And Equipment Gross | 52.0M | 66.8M | 76.7M | 106.9M | 123.0M | 129.1M | |
Total Current Assets | 181.8M | 228.5M | 190.1M | 170.6M | 196.2M | 126.8M | |
Accounts Payable | 27.7M | 67.8M | 32.1M | 24.7M | 28.5M | 14.5M | |
Common Stock Total Equity | 8.0M | 8.1M | 8.2M | 8.3M | 9.5M | 7.8M | |
Common Stock | 8.0M | 8.1M | 8.2M | 8.3M | 9.5M | 7.8M | |
Other Liab | 685K | 29.1M | 823K | 577K | 663.6K | 630.4K | |
Other Assets | 9.1M | 3.4M | 1.4M | 1.9M | 1.7M | 1.7M | |
Property Plant Equipment | 52.0M | 66.8M | 76.7M | 38.7M | 44.4M | 45.4M | |
Net Tangible Assets | 175.5M | 168.0M | 131.6M | 141.6M | 127.5M | 143.2M | |
Non Current Liabilities Other | 685K | 29.1M | 34.8M | 65.6M | 75.4M | 79.2M | |
Net Invested Capital | 175.5M | 171.5M | 37.7M | 28.3M | 25.4M | 24.2M | |
Net Working Capital | 128.4M | 128.8M | 125.4M | 115.5M | 104.0M | 105.5M |
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Is Flexsteel Industries' 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 Flexsteel Industries. If investors know Flexsteel 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 Flexsteel Industries 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 0.179 | Dividend Share 0.6 | Earnings Share 2.93 | Revenue Per Share 78.876 | Quarterly Revenue Growth 0.082 |
The market value of Flexsteel Industries is measured differently than its book value, which is the value of Flexsteel that is recorded on the company's balance sheet. Investors also form their own opinion of Flexsteel Industries' value that differs from its market value or its book value, called intrinsic value, which is Flexsteel Industries' 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 Flexsteel Industries' market value can be influenced by many factors that don't directly affect Flexsteel Industries' 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 Flexsteel Industries' value and its price as these two are different measures arrived at by different means. Investors typically determine if Flexsteel Industries is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Flexsteel Industries' 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.