Movado Interest Coverage vs Interest Expense Analysis

MOV Stock

USD 24.74 0.51 2.02%

Movado financial indicator trend analysis is infinitely more than just investigating Movado Group recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Movado Group is a good investment. Please check the relationship between Movado Interest Coverage and its Interest Expense accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Movado Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in persons.

Interest Coverage vs Interest Expense

Interest Coverage vs Interest Expense Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Movado Group Interest Coverage account and Interest Expense. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Movado's Interest Coverage and Interest Expense is -0.49. Overlapping area represents the amount of variation of Interest Coverage that can explain the historical movement of Interest Expense in the same time period over historical financial statements of Movado Group, assuming nothing else is changed. The correlation between historical values of Movado's Interest Coverage and Interest Expense is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Interest Coverage of Movado Group are associated (or correlated) with its Interest Expense. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Interest Expense has no effect on the direction of Interest Coverage i.e., Movado's Interest Coverage and Interest Expense go up and down completely randomly.

Correlation Coefficient

-0.49

Relationship Direction	Negative
Relationship Strength	Very Weak

View All Relationships

Interest Coverage

Interest Expense

The cost incurred by an entity for borrowed funds, including loans, bonds, or lines of credit.

Most indicators from Movado's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Movado Group 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 Movado Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in persons.

At this time, Movado's Tax Provision is fairly stable compared to the past year. Sales General And Administrative To Revenue is likely to climb to 0.51 in 2024, whereas Selling General Administrative is likely to drop slightly above 231 M in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	419.1M	433.9M	370.4M	270.6M
Total Revenue	732.4M	751.9M	672.6M	481.0M

Gross Profit Total Revenue

Movado fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Intangible Assets	Other Liab	Other Assets
Total Assets		0.4	0.74	0.85	0.9	0.62	-0.43	0.94	0.68	0.73	0.85	0.93	0.73	0.73	0.53	0.64	0.72	0.2	-0.44	0.78	0.38	0.87	0.26	0.56	0.75	0.62
Short Long Term Debt Total	0.4		0.22	0.44	0.05	0.77	0.54	0.21	0.29	0.03	0.69	0.47	0.0	0.45	-0.24	0.85	-0.05	-0.42	-0.4	0.77	0.54	0.03	0.43	0.44	0.41	0.27
Other Current Liab	0.74	0.22		0.82	0.62	0.42	-0.41	0.56	0.73	0.57	0.6	0.64	0.58	0.54	0.53	0.46	0.56	0.13	-0.12	0.64	0.16	0.67	0.08	0.48	0.6	0.66
Total Current Liabilities	0.85	0.44	0.82		0.63	0.66	-0.33	0.71	0.74	0.67	0.72	0.87	0.67	0.84	0.35	0.66	0.54	-0.1	-0.52	0.85	0.42	0.74	0.44	0.45	0.76	0.65
Total Stockholder Equity	0.9	0.05	0.62	0.63		0.41	-0.69	0.93	0.56	0.75	0.61	0.76	0.77	0.53	0.76	0.27	0.87	0.52	-0.19	0.43	0.24	0.94	0.05	0.33	0.53	0.48
Property Plant And Equipment Net	0.62	0.77	0.42	0.66	0.41		-0.03	0.47	0.46	0.56	0.61	0.66	0.56	0.75	0.3	0.65	0.39	-0.09	-0.51	0.71	0.85	0.47	0.47	0.22	0.59	0.22
Net Debt	-0.43	0.54	-0.41	-0.33	-0.69	-0.03		-0.56	-0.31	-0.78	0.06	-0.34	-0.8	-0.3	-0.79	0.33	-0.69	-0.51	0.05	0.11	-0.07	-0.78	0.13	0.23	-0.18	-0.17
Retained Earnings	0.94	0.21	0.56	0.71	0.93	0.47	-0.56		0.57	0.77	0.72	0.9	0.77	0.66	0.51	0.5	0.71	0.24	-0.51	0.62	0.3	0.9	0.19	0.42	0.65	0.53
Accounts Payable	0.68	0.29	0.73	0.74	0.56	0.46	-0.31	0.57		0.52	0.6	0.61	0.54	0.5	0.4	0.46	0.52	0.0	-0.26	0.61	0.3	0.58	-0.05	0.44	0.55	0.44
Cash	0.73	0.03	0.57	0.67	0.75	0.56	-0.78	0.77	0.52		0.38	0.73	0.99	0.72	0.68	0.24	0.66	0.2	-0.55	0.43	0.54	0.86	0.23	0.08	0.62	0.3
Non Current Assets Total	0.85	0.69	0.6	0.72	0.61	0.61	0.06	0.72	0.6	0.38		0.82	0.36	0.6	0.17	0.89	0.4	-0.05	-0.47	0.9	0.37	0.49	0.32	0.85	0.79	0.54
Non Currrent Assets Other	0.93	0.47	0.64	0.87	0.76	0.66	-0.34	0.9	0.61	0.73	0.82		0.72	0.88	0.31	0.74	0.49	-0.06	-0.67	0.85	0.5	0.79	0.44	0.51	0.83	0.53
Cash And Short Term Investments	0.73	0.0	0.58	0.67	0.77	0.56	-0.8	0.77	0.54	0.99	0.36	0.72		0.71	0.72	0.2	0.7	0.26	-0.5	0.4	0.54	0.89	0.21	0.05	0.59	0.29
Net Receivables	0.73	0.45	0.54	0.84	0.53	0.75	-0.3	0.66	0.5	0.72	0.6	0.88	0.71		0.26	0.62	0.35	-0.17	-0.71	0.76	0.72	0.66	0.54	0.28	0.81	0.28
Common Stock Shares Outstanding	0.53	-0.24	0.53	0.35	0.76	0.3	-0.79	0.51	0.4	0.68	0.17	0.31	0.72	0.26		-0.18	0.9	0.77	0.15	0.01	0.25	0.73	-0.2	0.02	0.28	0.17
Non Current Liabilities Total	0.64	0.85	0.46	0.66	0.27	0.65	0.33	0.5	0.46	0.24	0.89	0.74	0.2	0.62	-0.18		0.04	-0.43	-0.64	0.96	0.43	0.24	0.45	0.74	0.72	0.49
Inventory	0.72	-0.05	0.56	0.54	0.87	0.39	-0.69	0.71	0.52	0.66	0.4	0.49	0.7	0.35	0.9	0.04		0.7	0.02	0.24	0.19	0.84	-0.11	0.17	0.35	0.45
Other Current Assets	0.2	-0.42	0.13	-0.1	0.52	-0.09	-0.51	0.24	0.0	0.2	-0.05	-0.06	0.26	-0.17	0.77	-0.43	0.7		0.47	-0.34	-0.13	0.39	-0.32	-0.03	-0.05	0.05
Other Stockholder Equity	-0.44	-0.4	-0.12	-0.52	-0.19	-0.51	0.05	-0.51	-0.26	-0.55	-0.47	-0.67	-0.5	-0.71	0.15	-0.64	0.02	0.47		-0.65	-0.57	-0.3	-0.54	-0.31	-0.69	-0.16
Total Liab	0.78	0.77	0.64	0.85	0.43	0.71	0.11	0.62	0.61	0.43	0.9	0.85	0.4	0.76	0.01	0.96	0.24	-0.34	-0.65		0.46	0.45	0.48	0.69	0.8	0.59
Property Plant And Equipment Gross	0.38	0.54	0.16	0.42	0.24	0.85	-0.07	0.3	0.3	0.54	0.37	0.5	0.54	0.72	0.25	0.43	0.19	-0.13	-0.57	0.46		0.3	0.41	0.07	0.58	-0.25
Total Current Assets	0.87	0.03	0.67	0.74	0.94	0.47	-0.78	0.9	0.58	0.86	0.49	0.79	0.89	0.66	0.73	0.24	0.84	0.39	-0.3	0.45	0.3		0.14	0.14	0.51	0.52
Short Term Debt	0.26	0.43	0.08	0.44	0.05	0.47	0.13	0.19	-0.05	0.23	0.32	0.44	0.21	0.54	-0.2	0.45	-0.11	-0.32	-0.54	0.48	0.41	0.14		0.17	0.45	0.12
Intangible Assets	0.56	0.44	0.48	0.45	0.33	0.22	0.23	0.42	0.44	0.08	0.85	0.51	0.05	0.28	0.02	0.74	0.17	-0.03	-0.31	0.69	0.07	0.14	0.17		0.72	0.42
Other Liab	0.75	0.41	0.6	0.76	0.53	0.59	-0.18	0.65	0.55	0.62	0.79	0.83	0.59	0.81	0.28	0.72	0.35	-0.05	-0.69	0.8	0.58	0.51	0.45	0.72		0.3
Other Assets	0.62	0.27	0.66	0.65	0.48	0.22	-0.17	0.53	0.44	0.3	0.54	0.53	0.29	0.28	0.17	0.49	0.45	0.05	-0.16	0.59	-0.25	0.52	0.12	0.42	0.3

Click cells to compare fundamentals

Movado Account Relationship Matchups

Movado fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	847.3M	719.3M	761.2M	787.7M	769.1M	530.4M
Short Long Term Debt Total	148.9M	105.5M	76.4M	88.6M	92.1M	65.5M
Other Current Liab	58.7M	83.6M	91.8M	48.2M	46.3M	44.1M
Total Current Liabilities	109.3M	127.7M	151.5M	142.4M	113.1M	91.0M
Total Stockholder Equity	526.5M	425.3M	472.8M	507.6M	516.8M	357.7M
Property Plant And Equipment Net	118.8M	98.4M	88.1M	99.6M	102.1M	107.2M
Net Debt	(37.0M)	(118.3M)	(200.7M)	(163.0M)	(170.0M)	(161.5M)
Retained Earnings	455.5M	341.6M	413.6M	476.8M	470.3M	277.7M
Accounts Payable	35.5M	28.2M	46.0M	32.1M	32.8M	30.5M
Cash	185.9M	223.8M	277.1M	251.6M	262.1M	275.2M
Non Current Assets Total	382.8M	217.6M	207.3M	220.5M	225.2M	116.9M
Non Currrent Assets Other	59.3M	59.0M	62.5M	66.2M	71.8M	37.2M
Cash And Short Term Investments	185.9M	223.8M	277.1M	251.6M	262.5M	275.6M
Net Receivables	78.4M	101.8M	99.5M	105.2M	115.8M	92.8M
Common Stock Shares Outstanding	23.3M	23.2M	23.7M	23.0M	22.6M	26.2M
Liabilities And Stockholders Equity	847.3M	719.3M	761.2M	787.7M	769.1M	530.4M
Non Current Liabilities Total	207.6M	161.7M	132.6M	134.7M	137.1M	80.3M
Inventory	171.4M	152.6M	160.3M	186.2M	148.0M	159.5M
Other Current Assets	28.9M	23.5M	17.0M	24.2M	17.6M	30.4M
Other Stockholder Equity	(14.3M)	(9.3M)	(26.4M)	(50.8M)	(46.2M)	(43.9M)
Total Liab	316.9M	289.3M	284.1M	277.2M	250.1M	171.4M
Property Plant And Equipment Gross	118.8M	98.4M	88.1M	99.6M	208.5M	218.9M
Total Current Assets	464.6M	501.7M	553.9M	567.2M	543.9M	413.4M
Accumulated Other Comprehensive Income	85.1M	92.5M	85.3M	81.3M	92.3M	48.8M
Short Term Debt	15.1M	15.9M	13.7M	17.7M	15.7M	13.2M
Intangible Assets	42.4M	17.1M	13.5M	9.6M	7.5M	9.9M
Other Liab	96.4M	73.6M	72.0M	69.9M	80.4M	84.4M
Other Assets	85.0M	101.9M	105.7M	111.3M	1.0	0.95
Common Stock Total Equity	344K	346K	351K	353K	406.0K	316.5K
Treasury Stock	(222.8M)	(223.3M)	(249.0M)	(281.6M)	(253.4M)	(240.7M)
Common Stock	344K	346K	351K	353K	354K	319.4K
Property Plant Equipment	29.2M	98.6M	19.5M	18.7M	16.8M	16.0M
Net Tangible Assets	351.0M	408.2M	461.6M	498.0M	572.7M	467.2M
Retained Earnings Total Equity	455.5M	341.6M	413.6M	476.8M	548.3M	429.8M
Short Term Investments	340K	346K	413K	419K	401K	381.0K
Capital Surpluse	208.5M	214.0M	222.6M	230.8M	265.4M	209.4M

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When determining whether Movado Group is a strong investment it is important to analyze Movado's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Movado's future performance. For an informed investment choice regarding Movado Stock, refer to the following important reports:

How To Invest In Movado

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Is Movado Stock a good investment?

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What is Movado's Net Worth?

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Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Movado Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in persons.

You can also try the My Watchlist Analysis module to analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like.

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When running Movado's price analysis, check to measure Movado'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 Movado is operating at the current time. Most of Movado's value examination focuses on studying past and present price action to predict the probability of Movado's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Movado's price. Additionally, you may evaluate how the addition of Movado to your portfolios can decrease your overall portfolio volatility.

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Is Movado'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 Movado. If investors know Movado 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 Movado 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

(0.47)

Dividend Share

1.4

Earnings Share

2.06

Revenue Per Share

30.269

Quarterly Revenue Growth

(0.07)

The market value of Movado Group is measured differently than its book value, which is the value of Movado that is recorded on the company's balance sheet. Investors also form their own opinion of Movado's value that differs from its market value or its book value, called intrinsic value, which is Movado'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 Movado's market value can be influenced by many factors that don't directly affect Movado'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 Movado's value and its price as these two are different measures arrived at by different means. Investors typically determine if Movado is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Movado'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.

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Movado Interest Coverage vs Interest Expense Analysis

Interest Coverage vs Interest Expense

Interest Coverage vs Interest Expense Correlation Analysis

Correlation Coefficient

Interest Coverage

Interest Expense

Movado fundamental ratios Correlations

Movado Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Movado fundamental ratios Accounts

Building efficient market-beating portfolios requires time, education, and a lot of computing power!

Complementary Tools for Movado Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cash And Short Term Investments	+ 0.99	Cash
Total Liab	+ 0.96	Non Current Liabilities Total
Retained Earnings	+ 0.94	Total Assets
Total Current Assets	+ 0.94	Total Stockholder Equity
Non Currrent Assets Other	+ 0.93	Total Assets
Retained Earnings	+ 0.93	Total Stockholder Equity

Cash And Short Term Investments	- 0.8	Net Debt
Common Stock Shares Outstanding	- 0.79	Net Debt
Total Current Assets	- 0.78	Net Debt
Cash	- 0.78	Net Debt
Other Stockholder Equity	- 0.71	Net Receivables
Other Liab	- 0.69	Other Stockholder Equity