Hovnanian Accounts Payable vs Other Current Assets Analysis

HOV Stock  USD 167.50  2.24  1.32%   
Hovnanian Enterprises financial indicator trend analysis is much more than just examining Hovnanian Enterprises latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Hovnanian Enterprises is a good investment. Please check the relationship between Hovnanian Enterprises Accounts Payable and its Other Current Assets accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Hovnanian Enterprises. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.
For more information on how to buy Hovnanian Stock please use our How to Invest in Hovnanian Enterprises guide.

Accounts Payable vs Other Current Assets

Accounts Payable vs Other Current Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Hovnanian Enterprises Accounts Payable account and Other Current Assets. At this time, the significance of the direction appears to have weak relationship.
The correlation between Hovnanian Enterprises' Accounts Payable and Other Current Assets is 0.37. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Other Current Assets in the same time period over historical financial statements of Hovnanian Enterprises, assuming nothing else is changed. The correlation between historical values of Hovnanian Enterprises' Accounts Payable and Other Current 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 Accounts Payable of Hovnanian Enterprises are associated (or correlated) with its Other Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Assets has no effect on the direction of Accounts Payable i.e., Hovnanian Enterprises' Accounts Payable and Other Current Assets go up and down completely randomly.

Correlation Coefficient

0.37
Relationship DirectionPositive 
Relationship StrengthVery Weak

Accounts Payable

An accounting item on the balance sheet that represents Hovnanian Enterprises obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Hovnanian Enterprises are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.

Other Current Assets

Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.
Most indicators from Hovnanian Enterprises' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Hovnanian Enterprises 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 Hovnanian Enterprises. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.
For more information on how to buy Hovnanian Stock please use our How to Invest in Hovnanian Enterprises guide.At this time, Hovnanian Enterprises' Selling General Administrative is fairly stable compared to the past year. Tax Provision is likely to climb to about 47.3 M in 2024, whereas Enterprise Value Multiple is likely to drop 3.44 in 2024.
 2021 2022 2023 2024 (projected)
Total Revenue2.9B2.8B3.0B2.1B
Interest Expense47.3M54.1M62.2M78.8M

Hovnanian Enterprises fundamental ratios Correlations

0.60.360.440.010.32-0.570.80.690.780.780.180.89-0.440.830.60.60.240.95-0.010.94-0.070.59-0.02-0.020.57
0.6-0.460.96-0.73-0.31-0.370.690.950.80.95-0.10.53-0.560.430.240.240.460.63-0.670.680.350.340.580.580.72
0.36-0.46-0.560.920.53-0.37-0.08-0.390.0-0.280.410.360.250.320.470.47-0.120.320.710.29-0.360.45-0.6-0.6-0.15
0.440.96-0.56-0.78-0.41-0.260.560.890.690.87-0.180.36-0.580.290.030.030.510.52-0.770.550.390.240.60.60.68
0.01-0.730.92-0.780.41-0.18-0.41-0.69-0.38-0.610.320.050.520.010.210.21-0.13-0.030.82-0.03-0.270.26-0.6-0.6-0.4
0.32-0.310.53-0.410.410.360.22-0.120.06-0.060.20.23-0.30.360.210.21-0.60.210.50.0-0.63-0.25-0.67-0.67-0.21
-0.57-0.37-0.37-0.26-0.180.36-0.32-0.3-0.52-0.36-0.25-0.6-0.14-0.44-0.62-0.62-0.46-0.580.02-0.76-0.21-0.95-0.22-0.22-0.38
0.80.69-0.080.56-0.410.22-0.320.830.750.85-0.110.64-0.680.810.360.360.050.75-0.270.71-0.190.240.110.110.49
0.690.95-0.390.89-0.69-0.12-0.30.830.810.98-0.190.53-0.690.620.250.250.310.72-0.630.70.110.240.40.40.75
0.780.80.00.69-0.380.06-0.520.750.810.860.260.73-0.620.620.670.670.090.8-0.480.77-0.050.530.220.220.69
0.780.95-0.280.87-0.61-0.06-0.360.850.980.86-0.070.67-0.660.630.340.340.330.78-0.530.780.160.340.380.380.74
0.18-0.10.41-0.180.320.2-0.25-0.11-0.190.26-0.070.490.2-0.250.510.51-0.270.110.180.150.030.41-0.2-0.2-0.11
0.890.530.360.360.050.23-0.60.640.530.730.670.49-0.220.550.660.660.220.760.10.860.190.680.060.060.42
-0.44-0.560.25-0.580.52-0.3-0.14-0.68-0.69-0.62-0.660.2-0.22-0.54-0.02-0.020.18-0.560.56-0.30.380.120.10.1-0.51
0.830.430.320.290.010.36-0.440.810.620.620.63-0.250.55-0.540.460.460.090.83-0.010.75-0.390.37-0.17-0.170.51
0.60.240.470.030.210.21-0.620.360.250.670.340.510.66-0.020.461.0-0.140.520.120.58-0.150.61-0.05-0.050.39
0.60.240.470.030.210.21-0.620.360.250.670.340.510.66-0.020.461.0-0.140.520.120.58-0.150.61-0.05-0.050.39
0.240.46-0.120.51-0.13-0.6-0.460.050.310.090.33-0.270.220.180.09-0.14-0.140.24-0.150.470.680.430.570.570.34
0.950.630.320.52-0.030.21-0.580.750.720.80.780.110.76-0.560.830.520.520.24-0.190.93-0.150.6-0.08-0.080.68
-0.01-0.670.71-0.770.820.50.02-0.27-0.63-0.48-0.530.180.10.56-0.010.120.12-0.15-0.19-0.11-0.120.02-0.45-0.45-0.58
0.940.680.290.55-0.030.0-0.760.710.70.770.780.150.86-0.30.750.580.580.470.93-0.110.130.750.160.160.65
-0.070.35-0.360.39-0.27-0.63-0.21-0.190.11-0.050.160.030.190.38-0.39-0.15-0.150.68-0.15-0.120.130.280.70.70.12
0.590.340.450.240.26-0.25-0.950.240.240.530.340.410.680.120.370.610.610.430.60.020.750.280.120.120.36
-0.020.58-0.60.6-0.6-0.67-0.220.110.40.220.38-0.20.060.1-0.17-0.05-0.050.57-0.08-0.450.160.70.121.00.18
-0.020.58-0.60.6-0.6-0.67-0.220.110.40.220.38-0.20.060.1-0.17-0.05-0.050.57-0.08-0.450.160.70.121.00.18
0.570.72-0.150.68-0.4-0.21-0.380.490.750.690.74-0.110.42-0.510.510.390.390.340.68-0.580.650.120.360.180.18
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Hovnanian Enterprises Account Relationship Matchups

Hovnanian Enterprises fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets1.8B2.3B2.6B2.5B2.9B1.8B
Short Long Term Debt Total1.6B1.4B1.3B1.1B1.3B1.2B
Total Stockholder Equity(436.9M)174.9M383.0M581.7M523.6M549.7M
Net Debt1.3B1.1B965.2M708.9M815.2M1.0B
Retained Earnings(1.2B)(567.2M)(352.4M)(157.2M)(141.5M)(148.6M)
Non Current Assets Total262.0M708.1M601.5M466.5M536.5M310.4M
Non Currrent Assets Other140.6M202.8M156.0M6.1M5.5M5.2M
Common Stock Shares Outstanding6.6M6.4M6.7M6.7M6.5M3.9M
Liabilities And Stockholders Equity1.8B2.3B2.6B2.5B2.9B1.8B
Non Current Liabilities Total1.8B1.6B1.6B1.4B1.6B1.2B
Other Stockholder Equity602.8M606.8M600.1M603.6M694.1M728.8M
Total Liab2.3B2.1B2.2B1.9B2.2B1.6B
Other Current Liab39.4M23.0M32.4M235.0M270.3M283.8M
Total Current Liabilities447.0M526.7M549.6M625.9M719.8M469.9M
Property Plant And Equipment Net18.2M18.7M25.8M59.7M53.7M45.2M
Accounts Payable359.3M426.4M440.0M389.0M447.4M264.4M
Cash262.5M246.0M326.2M434.1M499.2M524.2M
Cash And Short Term Investments262.5M246.0M326.2M434.1M499.2M524.2M
Net Receivables33.7M39.9M37.8M28.0M32.2M30.6M
Inventory1.2B1.3B1.5B1.3B1.6B1.3B
Property Plant And Equipment Gross38.2M85.1M77.7M89.0M80.1M49.8M
Total Current Assets1.6B1.6B2.0B2.0B2.3B1.7B
Short Term Debt6.8M9M3.2M8.5M7.6M7.3M
Other Current Assets73.4M72.3M77.3M215.1M247.4M259.8M
Other Liab289.9M131.1M276.5M175.7M202.0M270.5M
Other Assets29.0M2.6B344.8M206.7M237.7M278.4M
Long Term Debt1.6B1.4B1.3B1.1B1.0B865.5M
Property Plant Equipment38.2M18.7M25.8M59.7M53.7M42.4M
Current Deferred Revenue48.3M68.3M74.0M51.4M59.1M48.3M
Net Tangible Assets(572.2M)39.6M247.7M446.4M513.4M539.1M
Retained Earnings Total Equity(1.2B)(1.2B)(567.2M)(352.4M)(317.2M)(333.0M)
Long Term Debt Total203.6M1.6B1.4B1.3B1.5B1.6B
Capital Surpluse715.5M718.1M722.1M727.7M836.8M769.8M
Deferred Long Term Liab31.2M34.1M28.5M25.9M29.8M25.8M

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