Flexsteel Net Debt vs Total Current Liabilities 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 Net Debt and its Total Current Liabilities 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.

Net Debt vs Total Current Liabilities

Net Debt vs Total Current Liabilities Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Flexsteel Industries Net Debt account and Total Current Liabilities. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between Flexsteel Industries' Net Debt and Total Current Liabilities is 0.52. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Total Current Liabilities 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' Net Debt and Total Current Liabilities 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 Debt of Flexsteel Industries are associated (or correlated) with its Total Current Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Liabilities has no effect on the direction of Net Debt i.e., Flexsteel Industries' Net Debt and Total Current Liabilities go up and down completely randomly.

Correlation Coefficient

0.52

Relationship Direction	Positive
Relationship Strength	Weak

View All Relationships

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.

Total Current Liabilities

Total Current Liabilities is an item on Flexsteel Industries balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Flexsteel Industries 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.

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

Gross Profit Total Revenue

Flexsteel Industries 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	Common Stock	Other Liab
Total Assets		0.4	0.85	0.74	0.65	0.59	0.19	0.9	-0.01	0.55	-0.26	0.08	0.79	-0.23	0.26	0.67	0.35	-0.15	0.43	0.59	0.92	0.09	0.58	0.86	0.86	0.06
Short Long Term Debt Total	0.4		0.41	0.63	-0.28	0.62	0.88	0.09	-0.61	0.6	-0.12	-0.6	0.4	-0.54	0.84	0.8	-0.2	-0.85	0.92	0.63	0.34	-0.07	0.59	0.61	0.61	0.12
Other Current Liab	0.85	0.41		0.72	0.59	0.51	0.17	0.76	-0.04	0.49	-0.17	-0.03	0.73	-0.09	0.2	0.68	0.45	-0.11	0.4	0.51	0.83	0.16	0.54	0.72	0.72	0.07
Total Current Liabilities	0.74	0.63	0.72		0.22	0.37	0.52	0.43	-0.31	0.32	-0.28	-0.3	0.77	-0.22	0.3	0.77	0.34	-0.27	0.57	0.37	0.8	0.09	0.96	0.66	0.66	0.54
Total Stockholder Equity	0.65	-0.28	0.59	0.22		0.22	-0.51	0.88	0.51	0.19	-0.23	0.63	0.6	0.47	-0.38	0.19	0.51	0.55	-0.24	0.22	0.71	0.03	0.1	0.33	0.33	-0.04
Property Plant And Equipment Net	0.59	0.62	0.51	0.37	0.22		0.48	0.48	-0.28	0.99	-0.19	-0.19	0.4	-0.29	0.77	0.68	0.07	-0.56	0.79	1.0	0.37	-0.24	0.22	0.78	0.78	-0.31
Net Debt	0.19	0.88	0.17	0.52	-0.51	0.48		-0.15	-0.89	0.48	0.05	-0.87	0.26	-0.62	0.79	0.69	-0.36	-0.88	0.84	0.48	0.07	0.09	0.49	0.39	0.39	0.21
Retained Earnings	0.9	0.09	0.76	0.43	0.88	0.48	-0.15		0.21	0.46	-0.19	0.35	0.72	0.03	0.0	0.47	0.32	0.14	0.12	0.48	0.84	0.1	0.25	0.65	0.65	-0.09
Cash	-0.01	-0.61	-0.04	-0.31	0.51	-0.28	-0.89	0.21		-0.31	-0.29	0.95	-0.18	0.57	-0.58	-0.53	0.52	0.73	-0.58	-0.27	0.11	-0.31	-0.28	-0.11	-0.11	-0.28
Non Current Assets Total	0.55	0.6	0.49	0.32	0.19	0.99	0.48	0.46	-0.31		-0.06	-0.23	0.37	-0.32	0.79	0.68	0.06	-0.59	0.79	0.99	0.33	-0.14	0.16	0.75	0.75	-0.32
Non Currrent Assets Other	-0.26	-0.12	-0.17	-0.28	-0.23	-0.19	0.05	-0.19	-0.29	-0.06		-0.34	-0.14	-0.23	0.11	0.05	-0.22	-0.18	0.0	-0.2	-0.25	0.83	-0.33	-0.27	-0.27	0.04
Cash And Short Term Investments	0.08	-0.6	-0.03	-0.3	0.63	-0.19	-0.87	0.35	0.95	-0.23	-0.34		-0.11	0.59	-0.58	-0.47	0.4	0.73	-0.58	-0.18	0.18	-0.35	-0.28	-0.07	-0.08	-0.29
Net Receivables	0.79	0.4	0.73	0.77	0.6	0.4	0.26	0.72	-0.18	0.37	-0.14	-0.11		0.05	0.11	0.78	0.26	-0.04	0.36	0.39	0.87	0.21	0.69	0.56	0.56	0.5
Common Stock Shares Outstanding	-0.23	-0.54	-0.09	-0.22	0.47	-0.29	-0.62	0.03	0.57	-0.32	-0.23	0.59	0.05		-0.67	-0.27	0.45	0.8	-0.56	-0.29	0.01	-0.2	-0.15	-0.38	-0.37	0.12
Non Current Liabilities Total	0.26	0.84	0.2	0.3	-0.38	0.77	0.79	0.0	-0.58	0.79	0.11	-0.58	0.11	-0.67		0.63	-0.24	-0.94	0.95	0.77	0.05	-0.05	0.22	0.61	0.61	-0.22
Inventory	0.67	0.8	0.68	0.77	0.19	0.68	0.69	0.47	-0.53	0.68	0.05	-0.47	0.78	-0.27	0.63		0.08	-0.57	0.81	0.68	0.67	0.23	0.66	0.67	0.67	0.28
Other Current Assets	0.35	-0.2	0.45	0.34	0.51	0.07	-0.36	0.32	0.52	0.06	-0.22	0.4	0.26	0.45	-0.24	0.08		0.45	-0.07	0.07	0.47	0.04	0.25	0.26	0.26	-0.01
Other Stockholder Equity	-0.15	-0.85	-0.11	-0.27	0.55	-0.56	-0.88	0.14	0.73	-0.59	-0.18	0.73	-0.04	0.8	-0.94	-0.57	0.45		-0.87	-0.57	0.04	-0.05	-0.23	-0.44	-0.44	0.12
Total Liab	0.43	0.92	0.4	0.57	-0.24	0.79	0.84	0.12	-0.58	0.79	0.0	-0.58	0.36	-0.56	0.95	0.81	-0.07	-0.87		0.79	0.29	-0.03	0.5	0.7	0.7	0.01
Property Plant And Equipment Gross	0.59	0.63	0.51	0.37	0.22	1.0	0.48	0.48	-0.27	0.99	-0.2	-0.18	0.39	-0.29	0.77	0.68	0.07	-0.57	0.79		0.37	-0.25	0.22	0.78	0.78	-0.31
Total Current Assets	0.92	0.34	0.83	0.8	0.71	0.37	0.07	0.84	0.11	0.33	-0.25	0.18	0.87	0.01	0.05	0.67	0.47	0.04	0.29	0.37		0.15	0.68	0.69	0.7	0.28
Short Term Debt	0.09	-0.07	0.16	0.09	0.03	-0.24	0.09	0.1	-0.31	-0.14	0.83	-0.35	0.21	-0.2	-0.05	0.23	0.04	-0.05	-0.03	-0.25	0.15		-0.02	-0.1	-0.09	0.2
Accounts Payable	0.58	0.59	0.54	0.96	0.1	0.22	0.49	0.25	-0.28	0.16	-0.33	-0.28	0.69	-0.15	0.22	0.66	0.25	-0.23	0.5	0.22	0.68	-0.02		0.51	0.51	0.69
Common Stock Total Equity	0.86	0.61	0.72	0.66	0.33	0.78	0.39	0.65	-0.11	0.75	-0.27	-0.07	0.56	-0.38	0.61	0.67	0.26	-0.44	0.7	0.78	0.69	-0.1	0.51		1.0	-0.14
Common Stock	0.86	0.61	0.72	0.66	0.33	0.78	0.39	0.65	-0.11	0.75	-0.27	-0.08	0.56	-0.37	0.61	0.67	0.26	-0.44	0.7	0.78	0.7	-0.09	0.51	1.0		-0.14
Other Liab	0.06	0.12	0.07	0.54	-0.04	-0.31	0.21	-0.09	-0.28	-0.32	0.04	-0.29	0.5	0.12	-0.22	0.28	-0.01	0.12	0.01	-0.31	0.28	0.2	0.69	-0.14	-0.14

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Flexsteel Industries Account Relationship Matchups

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

Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Flexsteel Industries in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Flexsteel Industries' short interest history, or implied volatility extrapolated from Flexsteel Industries options trading.

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When determining whether Flexsteel Industries is a strong investment it is important to analyze Flexsteel Industries' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Flexsteel Industries' future performance. For an informed investment choice regarding Flexsteel Stock, refer to the following important reports:

How To Invest In Flexsteel

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Is Flexsteel Stock a good investment?

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What is Flexsteel Industries' Net Worth?

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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.

You can also try the Analyst Advice module to analyst recommendations and target price estimates broken down by several categories.

Complementary Tools for Flexsteel Stock analysis

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

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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.

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Flexsteel Net Debt vs Total Current Liabilities Analysis

Net Debt vs Total Current Liabilities

Net Debt vs Total Current Liabilities Correlation Analysis

Correlation Coefficient

Net Debt

Total Current Liabilities

Flexsteel Industries fundamental ratios Correlations

Flexsteel Industries Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Flexsteel Industries fundamental ratios Accounts

Building efficient market-beating portfolios requires time, education, and a lot of computing power!

Complementary Tools for Flexsteel Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Property Plant And Equipment Gross	+ 1.0	Property Plant And Equipment Net
Common Stock	+ 1.0	Common Stock Total Equity
Non Current Assets Total	+ 0.99	Property Plant And Equipment Net
Property Plant And Equipment Gross	+ 0.99	Non Current Assets Total
Accounts Payable	+ 0.96	Total Current Liabilities
Cash And Short Term Investments	+ 0.95	Cash

Other Stockholder Equity	- 0.94	Non Current Liabilities Total
Cash	- 0.89	Net Debt
Other Stockholder Equity	- 0.88	Net Debt
Total Liab	- 0.87	Other Stockholder Equity
Cash And Short Term Investments	- 0.87	Net Debt
Other Stockholder Equity	- 0.85	Short Long Term Debt Total