Holley Accounts Payable vs Common Stock Shares Outstanding Analysis

HLLY Stock

USD 2.86 0.13 4.76%

Holley financial indicator trend analysis is much more than just examining Holley Inc latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Holley Inc is a good investment. Please check the relationship between Holley Accounts Payable and its Common Stock Shares Outstanding accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Holley Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

Accounts Payable vs Common Stock Shares Outstanding

Accounts Payable vs Common Stock Shares Outstanding Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Holley Inc Accounts Payable account and Common Stock Shares Outstanding. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Holley's Accounts Payable and Common Stock Shares Outstanding is -0.43. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Common Stock Shares Outstanding in the same time period over historical financial statements of Holley Inc, assuming nothing else is changed. The correlation between historical values of Holley's Accounts Payable and Common Stock Shares Outstanding 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 Holley Inc are associated (or correlated) with its Common Stock Shares Outstanding. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock Shares Outstanding has no effect on the direction of Accounts Payable i.e., Holley's Accounts Payable and Common Stock Shares Outstanding go up and down completely randomly.

Correlation Coefficient

-0.43

Relationship Direction	Negative
Relationship Strength	Very Weak

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Accounts Payable

An accounting item on the balance sheet that represents Holley 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 Holley Inc 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.

Common Stock Shares Outstanding

The total number of shares of a company's common stock that are currently owned by all its shareholders.

Most indicators from Holley's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Holley Inc 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 Holley Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

At this time, Holley's Tax Provision is fairly stable compared to the past year. Sales General And Administrative To Revenue is likely to rise to 0.20 in 2024, whereas Selling General Administrative is likely to drop slightly above 108.5 M in 2024.

	2021	2022	2023	2024 (projected)
EBIT	115.5M	41.9M	96.7M	74.8M
Other Operating Expenses	565.9M	630.8M	563.0M	454.1M

Ebit Other Operating Expenses

Holley fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Net Receivables	Good Will	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt
Total Assets		0.92	0.94	0.99	0.94	0.84	0.99	0.94	0.94	0.87	0.99	0.76	1.0	0.41	0.98	0.76	0.97	1.0	-0.38	0.95	0.94	0.92	0.94	0.96	0.99	0.95
Short Long Term Debt Total	0.92		0.98	0.95	0.76	0.74	0.95	0.79	0.98	0.79	0.92	0.9	0.91	0.55	0.97	0.9	0.96	0.92	-0.62	0.97	0.8	0.75	0.75	0.97	0.94	0.78
Other Current Liab	0.94	0.98		0.97	0.82	0.73	0.96	0.85	0.97	0.8	0.94	0.87	0.93	0.47	0.96	0.87	0.96	0.93	-0.58	0.95	0.86	0.79	0.8	0.96	0.97	0.84
Total Current Liabilities	0.99	0.95	0.97		0.91	0.82	0.99	0.93	0.95	0.84	0.99	0.8	0.99	0.4	0.98	0.8	0.98	0.99	-0.45	0.96	0.93	0.9	0.91	0.97	1.0	0.93
Total Stockholder Equity	0.94	0.76	0.82	0.91		0.69	0.92	0.99	0.8	0.92	0.91	0.57	0.94	0.33	0.87	0.57	0.84	0.93	-0.08	0.78	0.95	0.9	0.98	0.81	0.92	1.0
Other Liab	0.84	0.74	0.73	0.82	0.69		0.78	0.66	0.76	0.51	0.88	0.61	0.84	0.14	0.81	0.61	0.87	0.86	-0.45	0.89	0.76	0.89	0.78	0.88	0.82	0.71
Net Tangible Assets	0.99	0.95	0.96	0.99	0.92	0.78		0.92	0.95	0.9	0.97	0.82	0.99	0.53	0.99	0.82	0.97	0.98	-0.43	0.95	0.9	0.86	0.9	0.96	0.98	0.92
Property Plant And Equipment Net	0.94	0.79	0.85	0.93	0.99	0.66	0.92		0.83	0.92	0.91	0.58	0.94	0.3	0.87	0.58	0.84	0.93	-0.11	0.78	0.97	0.89	0.97	0.82	0.93	1.0
Net Debt	0.94	0.98	0.97	0.95	0.8	0.76	0.95	0.83		0.81	0.93	0.8	0.93	0.43	0.95	0.8	0.94	0.93	-0.5	0.96	0.87	0.81	0.81	0.96	0.95	0.82
Retained Earnings	0.87	0.79	0.8	0.84	0.92	0.51	0.9	0.92	0.81		0.81	0.62	0.88	0.58	0.85	0.62	0.78	0.86	-0.08	0.73	0.83	0.71	0.86	0.76	0.84	0.91
Accounts Payable	0.99	0.92	0.94	0.99	0.91	0.88	0.97	0.91	0.93	0.81		0.76	0.99	0.35	0.97	0.76	0.98	0.99	-0.43	0.96	0.93	0.94	0.93	0.97	0.99	0.92
Cash	0.76	0.9	0.87	0.8	0.57	0.61	0.82	0.58	0.8	0.62	0.76		0.75	0.75	0.87	1.0	0.87	0.74	-0.82	0.85	0.52	0.49	0.51	0.85	0.77	0.59
Non Current Assets Total	1.0	0.91	0.93	0.99	0.94	0.84	0.99	0.94	0.93	0.88	0.99	0.75		0.42	0.98	0.75	0.97	1.0	-0.36	0.94	0.93	0.92	0.95	0.96	0.99	0.95
Non Currrent Assets Other	0.41	0.55	0.47	0.4	0.33	0.14	0.53	0.3	0.43	0.58	0.35	0.75	0.42		0.55	0.75	0.47	0.38	-0.46	0.44	0.13	0.05	0.22	0.44	0.38	0.31
Other Assets	0.98	0.97	0.96	0.98	0.87	0.81	0.99	0.87	0.95	0.85	0.97	0.87	0.98	0.55		0.87	0.99	0.97	-0.52	0.97	0.86	0.84	0.86	0.98	0.98	0.88
Cash And Short Term Investments	0.76	0.9	0.87	0.8	0.57	0.61	0.82	0.58	0.8	0.62	0.76	1.0	0.75	0.75	0.87		0.87	0.74	-0.82	0.85	0.52	0.49	0.51	0.85	0.77	0.59
Net Receivables	0.97	0.96	0.96	0.98	0.84	0.87	0.97	0.84	0.94	0.78	0.98	0.87	0.97	0.47	0.99	0.87		0.97	-0.58	0.99	0.85	0.86	0.85	0.99	0.97	0.86
Good Will	1.0	0.92	0.93	0.99	0.93	0.86	0.98	0.93	0.93	0.86	0.99	0.74	1.0	0.38	0.97	0.74	0.97		-0.36	0.95	0.94	0.93	0.95	0.97	0.99	0.94
Common Stock Shares Outstanding	-0.38	-0.62	-0.58	-0.45	-0.08	-0.45	-0.43	-0.11	-0.5	-0.08	-0.43	-0.82	-0.36	-0.46	-0.52	-0.82	-0.58	-0.36		-0.6	-0.13	-0.17	-0.06	-0.58	-0.42	-0.12
Non Current Liabilities Total	0.95	0.97	0.95	0.96	0.78	0.89	0.95	0.78	0.96	0.73	0.96	0.85	0.94	0.44	0.97	0.85	0.99	0.95	-0.6		0.83	0.84	0.81	1.0	0.95	0.8
Inventory	0.94	0.8	0.86	0.93	0.95	0.76	0.9	0.97	0.87	0.83	0.93	0.52	0.93	0.13	0.86	0.52	0.85	0.94	-0.13	0.83		0.96	0.97	0.85	0.94	0.96
Other Current Assets	0.92	0.75	0.79	0.9	0.9	0.89	0.86	0.89	0.81	0.71	0.94	0.49	0.92	0.05	0.84	0.49	0.86	0.93	-0.17	0.84	0.96		0.96	0.86	0.91	0.91
Other Stockholder Equity	0.94	0.75	0.8	0.91	0.98	0.78	0.9	0.97	0.81	0.86	0.93	0.51	0.95	0.22	0.86	0.51	0.85	0.95	-0.06	0.81	0.97	0.96		0.83	0.92	0.98
Total Liab	0.96	0.97	0.96	0.97	0.81	0.88	0.96	0.82	0.96	0.76	0.97	0.85	0.96	0.44	0.98	0.85	0.99	0.97	-0.58	1.0	0.85	0.86	0.83		0.97	0.83
Total Current Assets	0.99	0.94	0.97	1.0	0.92	0.82	0.98	0.93	0.95	0.84	0.99	0.77	0.99	0.38	0.98	0.77	0.97	0.99	-0.42	0.95	0.94	0.91	0.92	0.97		0.94
Short Term Debt	0.95	0.78	0.84	0.93	1.0	0.71	0.92	1.0	0.82	0.91	0.92	0.59	0.95	0.31	0.88	0.59	0.86	0.94	-0.12	0.8	0.96	0.91	0.98	0.83	0.94

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Holley Account Relationship Matchups

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Holley Accounts Payable vs Common Stock Shares Outstanding Analysis

Accounts Payable vs Common Stock Shares Outstanding

Accounts Payable vs Common Stock Shares Outstanding Correlation Analysis

Correlation Coefficient

Accounts Payable

Common Stock Shares Outstanding

Holley fundamental ratios Correlations

Holley Account Relationship Matchups

High Positive Relationship

High Negative Relationship

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Additional Tools for Holley Stock Analysis

COMMON DESTINATIONS

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Non Current Assets Total	+ 1.0	Total Assets
Good Will	+ 1.0	Total Assets
Total Current Assets	+ 1.0	Total Current Liabilities
Short Term Debt	+ 1.0	Total Stockholder Equity
Short Term Debt	+ 1.0	Property Plant And Equipment Net
Cash And Short Term Investments	+ 1.0	Cash

Common Stock Shares Outstanding	- 0.82	Cash And Short Term Investments
Common Stock Shares Outstanding	- 0.82	Cash
Common Stock Shares Outstanding	- 0.62	Short Long Term Debt Total
Non Current Liabilities Total	- 0.6	Common Stock Shares Outstanding
Total Liab	- 0.58	Common Stock Shares Outstanding
Common Stock Shares Outstanding	- 0.58	Net Receivables