MHO Other Current Liab vs Total Assets Analysis

MHO Stock  USD 129.18  1.54  1.21%   
MI Homes financial indicator trend analysis is infinitely more than just investigating MI Homes recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether MI Homes is a good investment. Please check the relationship between MI Homes Other Current Liab and its Total Assets accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in MI Homes. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in rate.
To learn how to invest in MHO Stock, please use our How to Invest in MI Homes guide.

Other Current Liab vs Total Assets

Other Current Liab vs Total Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of MI Homes Other Current Liab account and Total Assets. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between MI Homes' Other Current Liab and Total Assets is -0.41. Overlapping area represents the amount of variation of Other Current Liab that can explain the historical movement of Total Assets in the same time period over historical financial statements of MI Homes, assuming nothing else is changed. The correlation between historical values of MI Homes' Other Current Liab and Total Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Current Liab of MI Homes are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Other Current Liab i.e., MI Homes' Other Current Liab and Total Assets go up and down completely randomly.

Correlation Coefficient

-0.41
Relationship DirectionNegative 
Relationship StrengthVery Weak

Other Current Liab

Total Assets

Total assets refers to the total amount of MI Homes assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in MI Homes books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.
Most indicators from MI Homes' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into MI Homes 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 MI Homes. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in rate.
To learn how to invest in MHO Stock, please use our How to Invest in MI Homes guide.At this time, MI Homes' Sales General And Administrative To Revenue is very stable compared to the past year. As of the 17th of May 2024, Enterprise Value is likely to grow to about 3.8 B, while Selling General Administrative is likely to drop about 131.3 M.
 2021 2022 2023 2024 (projected)
Gross Profit908.9M1.0B1.0B1.1B
Total Revenue3.7B4.1B4.0B4.2B

MI Homes fundamental ratios Correlations

0.71-0.410.690.990.960.340.970.960.810.940.740.81-0.350.350.990.380.960.971.00.470.690.680.610.610.96
0.71-0.670.160.60.690.750.550.810.270.670.850.27-0.410.720.770.860.860.610.710.50.970.970.860.860.66
-0.41-0.670.04-0.3-0.55-0.62-0.27-0.60.0-0.37-0.830.00.11-0.39-0.46-0.54-0.56-0.41-0.41-0.65-0.73-0.79-0.36-0.36-0.46
0.690.160.040.770.7-0.260.80.560.860.580.190.860.28-0.240.64-0.240.510.780.70.490.050.080.120.130.71
0.990.6-0.30.770.940.191.00.910.880.930.660.88-0.30.240.960.230.890.980.980.420.570.550.520.530.95
0.960.69-0.550.70.940.30.930.960.780.880.80.78-0.210.230.950.320.920.980.960.60.680.70.50.510.98
0.340.75-0.62-0.260.190.30.130.5-0.240.330.64-0.24-0.360.720.440.870.580.190.340.330.780.770.590.590.25
0.970.55-0.270.81.00.930.130.890.90.920.630.9-0.270.190.940.170.860.980.970.410.530.50.460.470.94
0.960.81-0.60.560.910.960.50.890.670.90.850.67-0.340.440.970.510.980.930.960.560.810.820.620.630.96
0.810.270.00.860.880.78-0.240.90.670.750.311.0-0.18-0.070.74-0.090.640.870.810.230.220.220.290.30.82
0.940.67-0.370.580.930.880.330.920.90.750.730.75-0.480.470.930.380.890.90.930.30.670.650.620.630.9
0.740.85-0.830.190.660.80.640.630.850.310.730.31-0.340.510.790.60.830.70.740.590.90.880.590.590.73
0.810.270.00.860.880.78-0.240.90.671.00.750.31-0.18-0.070.74-0.090.640.870.810.230.220.220.290.30.82
-0.35-0.410.110.28-0.3-0.21-0.36-0.27-0.34-0.18-0.48-0.34-0.18-0.62-0.35-0.51-0.4-0.22-0.330.5-0.52-0.42-0.49-0.49-0.29
0.350.72-0.39-0.240.240.230.720.190.44-0.070.470.51-0.07-0.620.40.820.510.180.340.00.740.690.660.660.24
0.990.77-0.460.640.960.950.440.940.970.740.930.790.74-0.350.40.450.980.950.990.50.750.730.630.640.93
0.380.86-0.54-0.240.230.320.870.170.51-0.090.380.6-0.09-0.510.820.450.610.230.380.20.850.830.810.810.3
0.960.86-0.560.510.890.920.580.860.980.640.890.830.64-0.40.510.980.610.890.960.520.850.840.720.720.91
0.970.61-0.410.780.980.980.190.980.930.870.90.70.87-0.220.180.950.230.890.970.520.590.590.470.480.98
1.00.71-0.410.70.980.960.340.970.960.810.930.740.81-0.330.340.990.380.960.970.480.690.680.60.610.95
0.470.5-0.650.490.420.60.330.410.560.230.30.590.230.50.00.50.20.520.520.480.430.520.210.210.49
0.690.97-0.730.050.570.680.780.530.810.220.670.90.22-0.520.740.750.850.850.590.690.430.980.780.780.65
0.680.97-0.790.080.550.70.770.50.820.220.650.880.22-0.420.690.730.830.840.590.680.520.980.780.780.67
0.610.86-0.360.120.520.50.590.460.620.290.620.590.29-0.490.660.630.810.720.470.60.210.780.781.00.49
0.610.86-0.360.130.530.510.590.470.630.30.630.590.3-0.490.660.640.810.720.480.610.210.780.781.00.5
0.960.66-0.460.710.950.980.250.940.960.820.90.730.82-0.290.240.930.30.910.980.950.490.650.670.490.5
Click cells to compare fundamentals

MI Homes Account Relationship Matchups

MI Homes fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets2.1B2.6B3.2B3.7B4.0B4.2B
Short Long Term Debt Total773.2M924.4M1.0B999.5M936.5M474.9M
Other Current Liab(176.8M)(298.3M)(374.0M)(400.2M)26.9M28.2M
Total Current Liabilities125.0M185.7M244.5M228.6M482.5M506.7M
Total Stockholder Equity1.0B1.3B1.6B2.1B2.5B2.6B
Property Plant And Equipment Net40.5M78.9M88.6M97.9M91.3M95.8M
Net Debt767.1M663.5M777.1M688.0M203.7M383.9M
Retained Earnings708.6M948.5M1.3B1.8B2.3B2.4B
Accounts Payable125.0M185.7M244.5M228.6M204.7M214.9M
Cash6.1M260.8M236.4M311.5M732.8M769.4M
Non Current Assets Total174.8M231.3M275.4M332.2M338.3M355.2M
Non Currrent Assets Other70.3M95.2M103.0M148.4M67.7M56.8M
Cash And Short Term Investments6.1M260.8M236.4M311.5M732.8M769.4M
Net Receivables(654.0K)(1.7M)1.0(787K)(3.6M)(3.4M)
Common Stock Shares Outstanding28.5M29.2M29.9M28.5M28.7M23.8M
Liabilities And Stockholders Equity2.1B2.6B3.2B3.7B4.0B4.2B
Inventory1.8B1.9B2.5B2.8B2.8B2.9B
Other Stockholder Equity294.6M309.9M278.6M234.4M215.3M137.3M
Total Liab1.1B1.4B1.6B1.6B1.5B1.6B
Property Plant And Equipment Gross40.5M78.9M88.6M97.9M116.7M122.6M
Total Current Assets1.9B2.4B3.0B3.4B3.7B3.9B
Short Term Debt142.4M225.6M266.2M307.1M165.8M138.5M
Non Current Liabilities Total977.1M1.2B1.4B1.4B1.0B562.8M
Other Current Assets155.2M234.3M275.7M242.5M176.3M98.7M
Other Liab134.0M274.3M357.7M303.3M348.8M366.3M
Other Assets39.8M101.4M285.9M2.1B1.00.95
Long Term Debt142.7M229.7M962.0M938.2M859.6M902.6M
Short Term Investments654K1.7M57.1M51.6M3.6M3.4M
Treasury Stock(38.3M)(29.1M)(68.9M)(118.2M)(106.4M)(101.1M)
Property Plant Equipment22.1M26.6M88.6M97.9M112.5M118.2M
Current Deferred Revenue34.5M72.6M107.9M93.1M85.1M89.4M
Intangible Assets9.6M9.2M8.4M15.8M10.7M7.4M
Retained Earnings Total Equity708.6M948.5M1.3B1.8B2.1B2.2B
Deferred Long Term Liab5.7M10.1M8.2M5.7M6.6M5.1M

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When determining whether MI Homes offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of MI Homes' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Mi Homes Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Mi Homes Stock:
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in MI Homes. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in rate.
To learn how to invest in MHO Stock, please use our How to Invest in MI Homes guide.
Note that the MI Homes information on this page should be used as a complementary analysis to other MI Homes' 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 Volatility Analysis module to get historical volatility and risk analysis based on latest market data.

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When running MI Homes' price analysis, check to measure MI Homes' 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 MI Homes is operating at the current time. Most of MI Homes' value examination focuses on studying past and present price action to predict the probability of MI Homes' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move MI Homes' price. Additionally, you may evaluate how the addition of MI Homes to your portfolios can decrease your overall portfolio volatility.
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Is MI Homes' 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 MI Homes. If investors know MHO 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 MI Homes 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
0.313
Earnings Share
17.35
Revenue Per Share
146.322
Quarterly Revenue Growth
0.046
Return On Assets
0.0964
The market value of MI Homes is measured differently than its book value, which is the value of MHO that is recorded on the company's balance sheet. Investors also form their own opinion of MI Homes' value that differs from its market value or its book value, called intrinsic value, which is MI Homes' 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 MI Homes' market value can be influenced by many factors that don't directly affect MI Homes' 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 MI Homes' value and its price as these two are different measures arrived at by different means. Investors typically determine if MI Homes is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, MI Homes' 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.