Legacy Net Income vs Interest Coverage Analysis
LEGH Stock | USD 19.75 0.24 1.20% |
Legacy Housing financial indicator trend analysis is infinitely more than just investigating Legacy Housing Corp recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Legacy Housing Corp is a good investment. Please check the relationship between Legacy Housing Net Income and its Interest Coverage accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Legacy Housing Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price.
Net Income vs Interest Coverage
Net Income vs Interest Coverage Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Legacy Housing Corp Net Income account and Interest Coverage. At this time, the significance of the direction appears to have strong relationship.
The correlation between Legacy Housing's Net Income and Interest Coverage is 0.74. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Interest Coverage in the same time period over historical financial statements of Legacy Housing Corp, assuming nothing else is changed. The correlation between historical values of Legacy Housing's Net Income and Interest Coverage 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 Income of Legacy Housing Corp are associated (or correlated) with its Interest Coverage. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Interest Coverage has no effect on the direction of Net Income i.e., Legacy Housing's Net Income and Interest Coverage go up and down completely randomly.
Correlation Coefficient | 0.74 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Legacy Housing Corp financial statement analysis. It represents the amount of money remaining after all of Legacy Housing Corp operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Interest Coverage
Most indicators from Legacy Housing's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Legacy Housing Corp 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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Legacy Housing Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price. As of now, Legacy Housing's Sales General And Administrative To Revenue is increasing as compared to previous years. The Legacy Housing's current Enterprise Value Over EBITDA is estimated to increase to 10.78, while Tax Provision is projected to decrease to under 9.4 M.
2021 | 2023 | 2024 (projected) | Depreciation And Amortization | 4.2M | 2.3M | 2.1M | Interest Income | 2.1M | 2.8M | 3.0M |
Legacy Housing fundamental ratios Correlations
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Legacy Housing Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Legacy Housing fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 235.0M | 283.6M | 338.6M | 366.7M | 508.3M | 342.0M | |
Short Long Term Debt Total | 17.6M | 30.9M | 36.2M | 8.0M | 25.6M | 25.4M | |
Other Current Liab | 16.3M | 7.7M | 30.2M | 9.4M | 28.6M | 17.0M | |
Total Current Liabilities | 20.4M | 51.9M | 36.4M | 41.9M | 37.3M | 36.9M | |
Total Stockholder Equity | 189.3M | 222.4M | 259.2M | 309.4M | 436.7M | 270.4M | |
Other Liab | 7.3M | 6.8M | 7.3M | 8.6M | 9.9M | 8.0M | |
Net Tangible Assets | 222.4M | 259.2M | 309.4M | 382.1M | 439.4M | 251.8M | |
Property Plant And Equipment Net | 17.1M | 23.1M | 29.8M | 36.9M | 47.3M | 29.5M | |
Current Deferred Revenue | 2.2M | 1.6M | 3.6M | 7.7M | 4.1M | 3.7M | |
Net Debt | 15.0M | 29.1M | 35.4M | 7.0M | 24.8M | 22.1M | |
Retained Earnings | 21.5M | 50.4M | 88.4M | 138.2M | 259.8M | 272.7M | |
Accounts Payable | 2.8M | 5.2M | 10.2M | 4.2M | 4.1M | 4.1M | |
Cash | 2.6M | 1.7M | 768K | 1.0M | 748K | 936K | |
Non Current Assets Total | 171.9M | 230.7M | 283.7M | 274.1M | 400.4M | 263.7M | |
Non Currrent Assets Other | 205.8M | 251.8M | 3.0M | 234.2M | 10.4M | 9.8M | |
Other Assets | 209.6M | 261.0M | 237.2M | 288.1M | 331.4M | 221.7M | |
Long Term Debt | 2.0M | 36.2M | 8.0M | 2.5M | 23.7M | 18.7M | |
Cash And Short Term Investments | 2.6M | 1.7M | 768K | 1.0M | 748K | 950.6K | |
Net Receivables | 19.2M | 23.7M | 5.1M | 45.8M | 69.0M | 72.5M | |
Common Stock Total Equity | 124.3M | 24K | 25K | 30K | 27K | 25.7K | |
Common Stock Shares Outstanding | 24.4M | 24.2M | 24.2M | 24.3M | 25.1M | 25.6M | |
Long Term Debt Total | 17.4M | 2.0M | 36.2M | 2.5M | 2.3M | 2.2M | |
Liabilities And Stockholders Equity | 235.0M | 283.6M | 338.6M | 366.7M | 508.3M | 333.2M | |
Non Current Liabilities Total | 25.4M | 9.3M | 43.0M | 15.3M | 34.2M | 25.3M | |
Inventory | 27.2M | 27.2M | 42M | 41.2M | 33.2M | 38.7M | |
Other Current Assets | 2.9M | 4.9M | 3.2M | 4.5M | 4.9M | 3.9M | |
Other Stockholder Equity | 173.0M | 172.0M | 170.8M | 171.1M | 176.9M | 137.0M | |
Total Liab | 45.8M | 61.2M | 79.4M | 57.3M | 71.6M | 52.1M | |
Property Plant And Equipment Gross | 23.1M | 29.8M | 45.1M | 51.0M | 57.8M | 34.0M | |
Total Current Assets | 63.1M | 53.0M | 55.0M | 92.5M | 107.9M | 78.3M | |
Non Current Liabilities Other | 5.5M | 4.2M | 4.3M | 7.6M | 5.3M | 4.6M | |
Short Term Debt | 228K | 28.9M | 14.9M | 20.7M | 489K | 464.6K | |
Property Plant Equipment | 21.0M | 22.6M | 36.9M | 37.1M | 42.7M | 24.8M | |
Net Invested Capital | 253.3M | 295.4M | 317.4M | 384.6M | 460.4M | 330.2M | |
Net Working Capital | 1.0M | 18.6M | 50.6M | 65.6M | 70.6M | 44.8M |
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 Legacy Housing 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, Legacy Housing's short interest history, or implied volatility extrapolated from Legacy Housing options trading.
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Try AI Portfolio ArchitectCheck out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Legacy Housing Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price. Note that the Legacy Housing Corp information on this page should be used as a complementary analysis to other Legacy Housing'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 Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.
Complementary Tools for Legacy Stock analysis
When running Legacy Housing's price analysis, check to measure Legacy Housing'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 Legacy Housing is operating at the current time. Most of Legacy Housing's value examination focuses on studying past and present price action to predict the probability of Legacy Housing's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Legacy Housing's price. Additionally, you may evaluate how the addition of Legacy Housing to your portfolios can decrease your overall portfolio volatility.
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Is Legacy Housing'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 Legacy Housing. If investors know Legacy 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 Legacy Housing 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 (0.66) | Earnings Share 2.17 | Revenue Per Share 7.757 | Quarterly Revenue Growth (0.55) | Return On Assets 0.0856 |
The market value of Legacy Housing Corp is measured differently than its book value, which is the value of Legacy that is recorded on the company's balance sheet. Investors also form their own opinion of Legacy Housing's value that differs from its market value or its book value, called intrinsic value, which is Legacy Housing'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 Legacy Housing's market value can be influenced by many factors that don't directly affect Legacy Housing'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 Legacy Housing's value and its price as these two are different measures arrived at by different means. Investors typically determine if Legacy Housing is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Legacy Housing'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.