| HOFT Stock | | | USD 15.28 2.20 12.59% |
Hooker Furniture financial indicator trend analysis is much more than just examining Hooker Furniture latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Hooker Furniture is a good investment. Please check the relationship between Hooker Furniture Long Term Debt and its Short Long Term Debt Total accounts. Check out
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Hooker Furniture. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in census.
For more information on how to buy Hooker Stock please use our
How to Invest in Hooker Furniture guide.
Long Term Debt vs Short Long Term Debt Total
Long Term Debt vs Short Long Term Debt Total Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Hooker Furniture Long Term Debt account and
Short Long Term Debt Total. At this time, the significance of the direction appears to have no relationship.
The correlation between Hooker Furniture's Long Term Debt and Short Long Term Debt Total is 0.03. Overlapping area represents the amount of variation of Long Term Debt that can explain the historical movement of Short Long Term Debt Total in the same time period over historical financial statements of Hooker Furniture, assuming nothing else is changed. The correlation between historical values of Hooker Furniture's Long Term Debt and Short Long Term Debt Total is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Long Term Debt of Hooker Furniture are associated (or correlated) with its Short Long Term Debt Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Long Term Debt Total has no effect on the direction of Long Term Debt i.e., Hooker Furniture's Long Term Debt and Short Long Term Debt Total go up and down completely randomly.
Correlation Coefficient | 0.03 |
| Relationship Direction | Positive |
| Relationship Strength | Insignificant |
Long Term Debt
Long-term debt is a debt that Hooker Furniture has held for over one year. Long-term debt appears on Hooker Furniture 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 Hooker Furniture 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.
Short Long Term Debt Total
Most indicators from Hooker Furniture's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Hooker 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
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Hooker Furniture. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in census.
For more information on how to buy Hooker Stock please use our
How to Invest in Hooker Furniture guide.
Tax Provision is likely to gain to about 5
M in 2024, whereas
Selling General Administrative is likely to drop slightly above 50.3
M in 2024.
Hooker Furniture fundamental ratios Correlations
Click cells to compare fundamentals
Hooker Furniture Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Hooker Furniture fundamental ratios Accounts
Additional Tools for Hooker Stock Analysis
When running Hooker Furniture's price analysis, check to
measure Hooker 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 Hooker Furniture is operating at the current time. Most of Hooker Furniture's value examination focuses on studying past and present price action to
predict the probability of Hooker 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 Hooker Furniture's price. Additionally, you may evaluate how the addition of Hooker Furniture to your portfolios can decrease your overall portfolio volatility.