Hooker Net Debt vs Capital Stock Analysis
HOFT Stock | USD 18.62 0.09 0.48% |
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 Net Debt and its Capital Stock 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 tightly coupled 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.
Net Debt vs Capital Stock
Net Debt vs Capital Stock Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Hooker Furniture Net Debt account and Capital Stock. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Hooker Furniture's Net Debt and Capital Stock is -0.22. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Capital Stock 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 Net Debt and Capital Stock 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 Hooker Furniture are associated (or correlated) with its Capital Stock. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capital Stock has no effect on the direction of Net Debt i.e., Hooker Furniture's Net Debt and Capital Stock go up and down completely randomly.
Correlation Coefficient | -0.22 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
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.Capital Stock
The total amount of a company’s capital funded by shareholders through the issue and subscription of shares.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 tightly coupled 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.At this time, Hooker Furniture's Selling General Administrative is comparatively stable compared to the past year. Tax Provision is likely to gain to about 5 M in 2024, whereas Sales General And Administrative To Revenue is likely to drop 0.14 in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 110K | 519K | 1.6M | 1.3M | Depreciation And Amortization | 8.2M | 8.8M | 9.0M | 6.2M |
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
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 393.7M | 352.3M | 374.6M | 381.7M | 343.6M | 241.7M | |
Short Long Term Debt Total | 70.2M | 36.1M | 54.0M | 95.3M | 76.3M | 38.2M | |
Other Current Liab | 9.1M | 11.0M | 11.4M | 16.7M | 10.7M | 10.4M | |
Total Current Liabilities | 50.1M | 54.1M | 56.9M | 50.0M | 41.4M | 32.9M | |
Total Stockholder Equity | 274.1M | 257.5M | 261.1M | 236.0M | 226.0M | 175.2M | |
Property Plant And Equipment Net | 69.4M | 61.4M | 79.9M | 96.0M | 79.9M | 45.6M | |
Net Debt | 34.2M | (29.8M) | (15.3M) | 76.3M | 33.1M | 34.7M | |
Retained Earnings | 223.3M | 205.0M | 207.9M | 184.4M | 175.7M | 155.3M | |
Accounts Payable | 25.5M | 32.2M | 30.9M | 16.1M | 16.5M | 16.6M | |
Cash | 36.0M | 65.8M | 69.4M | 19.0M | 43.2M | 29.0M | |
Non Current Assets Total | 171.7M | 128.6M | 146.8M | 194.4M | 178.8M | 90.0M | |
Non Currrent Assets Other | 1.1M | 893K | 31.0M | 37.2M | 43.2M | 45.3M | |
Cash And Short Term Investments | 36.0M | 65.8M | 69.4M | 19.0M | 43.2M | 29.0M | |
Net Receivables | 88.4M | 83.3M | 78.1M | 65.2M | 54.3M | 52.6M | |
Common Stock Total Equity | 51.6M | 53.3M | 53.3M | 50.8M | 58.4M | 61.3M | |
Common Stock Shares Outstanding | 11.8M | 11.8M | 12.0M | 11.6M | 10.8M | 9.6M | |
Liabilities And Stockholders Equity | 393.7M | 352.3M | 374.6M | 381.7M | 343.6M | 241.7M | |
Non Current Liabilities Total | 69.5M | 40.7M | 56.5M | 95.7M | 76.2M | 80.0M | |
Inventory | 92.8M | 70.2M | 75.0M | 96.7M | 61.8M | 65.2M | |
Other Current Assets | 4.7M | 4.4M | 5.2M | 6.4M | 5.5M | 4.5M | |
Total Liab | 119.6M | 94.8M | 113.4M | 145.7M | 117.6M | 66.5M | |
Property Plant And Equipment Gross | 69.4M | 61.4M | 79.9M | 96.0M | 127.6M | 134.0M | |
Total Current Assets | 222.0M | 223.7M | 227.7M | 187.3M | 164.8M | 151.6M | |
Common Stock | 51.6M | 53.3M | 53.3M | 50.8M | 49.5M | 25.4M | |
Other Liab | 11.4M | 11.2M | 9.9M | 9.0M | 10.4M | 9.3M | |
Other Assets | 28.9M | 40.4M | 42.6M | 51.7M | 59.5M | 62.5M | |
Long Term Debt | 45.8M | 29.6M | 24.3M | 22.9M | 21.5M | 17.0M | |
Other Stockholder Equity | 287K | (808K) | 53.9M | 50.8M | 58.4M | 61.3M | |
Short Term Debt | 12.1M | 6.7M | 7.5M | 8.7M | 8.4M | 5.3M | |
Property Plant Equipment | 29.9M | 26.8M | 28.1M | 27.0M | 24.3M | 24.9M | |
Accumulated Other Comprehensive Income | (713K) | (808K) | (51K) | 865K | 734K | 770.7K | |
Intangible Assets | 33.4M | 26.2M | 23.9M | 31.8M | 28.6M | 15.4M | |
Net Tangible Assets | 200.7M | 230.8M | 236.8M | 189.3M | 217.7M | 182.3M | |
Retained Earnings Total Equity | 223.3M | 205.0M | 207.9M | 184.4M | 212.0M | 164.7M | |
Deferred Long Term Liab | 11.4M | 11.2M | 9.9M | 8.2M | 9.4M | 9.4M | |
Current Deferred Revenue | 3.4M | 4.3M | 7.1M | 8.5M | 5.9M | 4.4M | |
Non Current Liabilities Other | 33.8M | 29.4M | 46.6M | 87.5M | 889K | 844.6K | |
Short Long Term Debt | 7.5M | 5.8M | 5.8M | 1.4M | 1.3M | 1.2M |
Pair Trading with Hooker 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 Hooker 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 Hooker Furniture will appreciate offsetting losses from the drop in the long position's value.Moving together with Hooker Stock
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Moving against Hooker Stock
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The ability to find closely correlated positions to Hooker 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 Hooker 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 Hooker 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 Hooker Furniture to buy it.
The correlation of Hooker 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 Hooker Furniture moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Hooker 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 Hooker 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.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 tightly coupled 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.Note that the Hooker Furniture information on this page should be used as a complementary analysis to other Hooker 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 Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.
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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.
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Is Hooker 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 Hooker Furniture. If investors know Hooker 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 Hooker 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 0.575 | Dividend Share 0.89 | Earnings Share 0.91 | Revenue Per Share 40.549 | Quarterly Revenue Growth (0.26) |
The market value of Hooker Furniture is measured differently than its book value, which is the value of Hooker that is recorded on the company's balance sheet. Investors also form their own opinion of Hooker Furniture's value that differs from its market value or its book value, called intrinsic value, which is Hooker 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 Hooker Furniture's market value can be influenced by many factors that don't directly affect Hooker 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 Hooker Furniture's value and its price as these two are different measures arrived at by different means. Investors typically determine if Hooker Furniture is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Hooker 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.