Hoth Current Ratio vs Operating Income Analysis
HOTH Stock | USD 1.17 0.02 1.68% |
Hoth Therapeutics financial indicator trend analysis is much more than just examining Hoth Therapeutics latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Hoth Therapeutics is a good investment. Please check the relationship between Hoth Therapeutics Current Ratio and its Operating Income accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Hoth Therapeutics. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. For more detail on how to invest in Hoth Stock please use our How to Invest in Hoth Therapeutics guide.
Current Ratio vs Operating Income
Current Ratio vs Operating Income Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Hoth Therapeutics Current Ratio account and Operating Income. At this time, the significance of the direction appears to have strong relationship.
The correlation between Hoth Therapeutics' Current Ratio and Operating Income is 0.67. Overlapping area represents the amount of variation of Current Ratio that can explain the historical movement of Operating Income in the same time period over historical financial statements of Hoth Therapeutics, assuming nothing else is changed. The correlation between historical values of Hoth Therapeutics' Current Ratio and Operating Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Current Ratio of Hoth Therapeutics are associated (or correlated) with its Operating Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Operating Income has no effect on the direction of Current Ratio i.e., Hoth Therapeutics' Current Ratio and Operating Income go up and down completely randomly.
Correlation Coefficient | 0.67 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Current Ratio
A liquidity ratio that measures a company's ability to pay short-term obligations or those due within one year. It compares a firm's current assets to its current liabilities.Operating Income
Operating Income is the amount of profit realized from Hoth Therapeutics operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Hoth Therapeutics is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.Most indicators from Hoth Therapeutics' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Hoth Therapeutics 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 Hoth Therapeutics. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. For more detail on how to invest in Hoth Stock please use our How to Invest in Hoth Therapeutics guide.As of now, Hoth Therapeutics' Enterprise Value Over EBITDA is increasing as compared to previous years. The Hoth Therapeutics' current Enterprise Value Multiple is estimated to increase to 0.59, while Selling General Administrative is projected to decrease to 4,002.
Hoth Therapeutics fundamental ratios Correlations
Click cells to compare fundamentals
Hoth Therapeutics Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Hoth Therapeutics fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 2.8M | 5.2M | 11.0M | 6.8M | 9.5M | 5.8M | |
Other Current Liab | 36.2K | 182.7K | 506.8K | 692.7K | 614.2K | 352.1K | |
Total Current Liabilities | 440.1K | 312.1K | 867.8K | 1.4M | 678.7K | 641.9K | |
Total Stockholder Equity | 2.4M | 4.6M | 9.9M | 5.1M | 8.8M | 5.1M | |
Net Tangible Assets | 154.7K | 2.4M | 4.6M | 9.9M | 11.4M | 11.9M | |
Net Debt | (1.7M) | (2.6M) | (8.5M) | (6.4M) | (9.2M) | (8.8M) | |
Retained Earnings | (12.2M) | (19.4M) | (33.7M) | (45.1M) | (52.9M) | (50.3M) | |
Accounts Payable | 403.9K | 129.5K | 361.0K | 695.0K | 35.6K | 33.8K | |
Cash | 1.7M | 2.6M | 8.5M | 6.4M | 9.3M | 4.7M | |
Non Current Assets Total | 201.0K | 460K | 410K | 33K | 92.6K | 87.9K | |
Non Currrent Assets Other | 200K | 50K | 0.0 | 33K | (1.0) | (0.95) | |
Cash And Short Term Investments | 2.5M | 4.7M | 10.4M | 6.6M | 9.3M | 5.5M | |
Common Stock Shares Outstanding | 366.6K | 494.5K | 893.2K | 1.2M | 3.4M | 1.8M | |
Liabilities And Stockholders Equity | 2.8M | 5.2M | 11.0M | 6.8M | 9.5M | 5.8M | |
Non Current Liabilities Total | 403.9K | 285K | 235K | 250K | 26.3K | 25.0K | |
Other Stockholder Equity | 14.6M | 24.1M | 43.6M | 50.2M | 61.7M | 31.8M | |
Total Liab | 440.1K | 597.1K | 1.1M | 1.6M | 705.0K | 767.0K | |
Net Invested Capital | 2.4M | 4.6M | 9.9M | 5.1M | 8.8M | 5.1M | |
Total Current Assets | 2.6M | 4.8M | 10.6M | 6.7M | 9.4M | 5.6M | |
Net Working Capital | 2.2M | 4.5M | 9.7M | 5.3M | 8.7M | 5.0M | |
Common Stock | 1.0K | 1.3K | 2.4K | 130.0 | 435.0 | 413.25 | |
Other Current Assets | 140.6K | 89.8K | 94.0M | 88.5K | 135.4K | 128.6K | |
Capital Stock | 1.0K | 1.3K | 2.4K | 130.0 | 435.0 | 818.0 |
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Is Hoth Therapeutics' 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 Hoth Therapeutics. If investors know Hoth 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 Hoth Therapeutics listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (2.30) | Return On Assets (0.59) | Return On Equity (1.13) |
The market value of Hoth Therapeutics is measured differently than its book value, which is the value of Hoth that is recorded on the company's balance sheet. Investors also form their own opinion of Hoth Therapeutics' value that differs from its market value or its book value, called intrinsic value, which is Hoth Therapeutics' 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 Hoth Therapeutics' market value can be influenced by many factors that don't directly affect Hoth Therapeutics' 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 Hoth Therapeutics' value and its price as these two are different measures arrived at by different means. Investors typically determine if Hoth Therapeutics is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Hoth Therapeutics' 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.