Haverty Depreciation And Amortization vs Interest Expense Analysis
HVT Stock | USD 26.75 0.05 0.19% |
Haverty Furniture financial indicator trend analysis is much more than just examining Haverty Furniture latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Haverty Furniture is a good investment. Please check the relationship between Haverty Furniture Depreciation And Amortization and its Interest Expense accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Haverty Furniture Companies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real.
Depreciation And Amortization vs Interest Expense
Depreciation And Amortization vs Interest Expense Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Haverty Furniture Depreciation And Amortization account and Interest Expense. At this time, the significance of the direction appears to have strong relationship.
The correlation between Haverty Furniture's Depreciation And Amortization and Interest Expense is 0.66. Overlapping area represents the amount of variation of Depreciation And Amortization that can explain the historical movement of Interest Expense in the same time period over historical financial statements of Haverty Furniture Companies, assuming nothing else is changed. The correlation between historical values of Haverty Furniture's Depreciation And Amortization 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 Depreciation And Amortization of Haverty Furniture Companies 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 Depreciation And Amortization i.e., Haverty Furniture's Depreciation And Amortization and Interest Expense go up and down completely randomly.
Correlation Coefficient | 0.66 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Depreciation And Amortization
The systematic reduction in the recorded value of an intangible asset. This includes the allocation of the cost of tangible assets to periods in which the assets are used, representing the expense related to the wear and tear, deterioration, or obsolescence of physical assets and intangible assets over their useful lives.Interest Expense
The cost incurred by an entity for borrowed funds, including loans, bonds, or lines of credit.Most indicators from Haverty Furniture's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Haverty 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 Haverty Furniture Companies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real. Sales General And Administrative To Revenue is likely to gain to 0.52 in 2024, whereas Selling General Administrative is likely to drop slightly above 364.6 M in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 574.6M | 604.2M | 504.5M | 344.5M | Total Revenue | 1.0B | 1.0B | 862.1M | 664.2M |
Haverty Furniture fundamental ratios Correlations
Click cells to compare fundamentals
Haverty Furniture Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Haverty Furniture fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 560.1M | 680.4M | 686.3M | 649.0M | 715.3M | 437.2M | |
Short Long Term Debt Total | 179.0M | 233.7M | 230.4M | 221.3M | 217.8M | 113.3M | |
Other Current Liab | 39.7M | 53.0M | 46.7M | 48.7M | 46.3M | 30.9M | |
Total Current Liabilities | 127.0M | 204.0M | 210.4M | 154.4M | 138.3M | 102.4M | |
Total Stockholder Equity | 260.5M | 253.0M | 256.0M | 289.4M | 308.4M | 224.8M | |
Property Plant And Equipment Net | 332.0M | 337.1M | 348.5M | 344.9M | 373.9M | 392.6M | |
Net Debt | 103.3M | 33.6M | 64.2M | 98.2M | 90.0M | 52.9M | |
Retained Earnings | 296.0M | 304.6M | 343.0M | 398.4M | 419.5M | 220.3M | |
Cash | 75.7M | 200.1M | 166.1M | 123.1M | 127.8M | 134.2M | |
Non Current Assets Total | 355.5M | 364.1M | 377.2M | 372.8M | 464.8M | 488.1M | |
Non Currrent Assets Other | 10.3M | 11.2M | 12.4M | 12.4M | 14.1M | 8.8M | |
Cash And Short Term Investments | 75.7M | 200.1M | 166.1M | 123.1M | 127.8M | 134.2M | |
Net Receivables | 1.5M | 16.3M | 19.1M | 16.5M | 1.0 | 0.95 | |
Common Stock Shares Outstanding | 20.2M | 18.9M | 18.5M | 17.0M | 16.8M | 23.6M | |
Liabilities And Stockholders Equity | 560.1M | 680.4M | 686.3M | 649.0M | 715.3M | 437.2M | |
Non Current Liabilities Total | 172.6M | 223.4M | 219.9M | 205.2M | 268.7M | 282.1M | |
Inventory | 104.8M | 89.9M | 112.0M | 118.3M | 94.6M | 94.6M | |
Other Current Assets | 8.1M | 10.0M | 11.7M | 18.3M | 28.2M | 29.6M | |
Other Stockholder Equity | (64.9M) | (80.7M) | (116.4M) | (140.1M) | (142.1M) | (135.0M) | |
Total Liab | 299.6M | 427.4M | 430.3M | 359.7M | 407.0M | 212.4M | |
Property Plant And Equipment Gross | 332.0M | 337.1M | 348.5M | 344.9M | 665.7M | 699.0M | |
Total Current Assets | 204.5M | 316.2M | 309.1M | 276.3M | 250.5M | 233.0M | |
Accumulated Other Comprehensive Income | (2.1M) | (2.6M) | (2.3M) | (756K) | (983K) | (1.0M) | |
Short Term Debt | 29.4M | 33.5M | 33.6M | 34.4M | 37.4M | 39.2M | |
Accounts Payable | 27.8M | 31.4M | 31.2M | 23.3M | 18.8M | 30.4M | |
Common Stock Total Equity | 31.5M | 31.6M | 31.7M | 31.8M | 36.6M | 32.7M | |
Common Stock | 31.5M | 31.6M | 31.7M | 31.8M | 32.0M | 32.8M | |
Other Liab | 23.0M | 23.2M | 23.2M | 18.4M | 21.1M | 24.9M | |
Other Assets | 23.5M | 255.8M | 28.8M | 27.9M | 32.1M | 32.3M | |
Treasury Stock | (129.0M) | (158.1M) | (177.5M) | (219.0M) | (197.1M) | (187.3M) | |
Property Plant Equipment | 156.5M | 108.4M | 348.5M | 344.9M | 396.6M | 222.6M | |
Current Deferred Revenue | 30.1M | 86.2M | 98.9M | 48.0M | 35.8M | 33.2M | |
Retained Earnings Total Equity | 296.0M | 304.6M | 343.0M | 398.4M | 458.2M | 273.6M | |
Net Tangible Assets | 260.5M | 253.0M | 256.0M | 289.4M | 260.5M | 222.6M | |
Capital Surpluse | 93.2M | 96.9M | 102.6M | 108.7M | 125.0M | 98.2M |
Pair Trading with Haverty 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 Haverty 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 Haverty Furniture will appreciate offsetting losses from the drop in the long position's value.Moving together with Haverty Stock
Moving against Haverty Stock
The ability to find closely correlated positions to Haverty 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 Haverty 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 Haverty 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 Haverty Furniture Companies to buy it.
The correlation of Haverty 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 Haverty Furniture moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Haverty 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 Haverty 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.Additional Tools for Haverty Stock Analysis
When running Haverty Furniture's price analysis, check to measure Haverty 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 Haverty Furniture is operating at the current time. Most of Haverty Furniture's value examination focuses on studying past and present price action to predict the probability of Haverty 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 Haverty Furniture's price. Additionally, you may evaluate how the addition of Haverty Furniture to your portfolios can decrease your overall portfolio volatility.