Horace Net Invested Capital vs Net Debt Analysis

HMN Stock

USD 42.64 3.37 8.58%

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

Net Invested Capital vs Net Debt

Net Invested Capital vs Net Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Horace Mann Educators Net Invested Capital account and Net Debt. At this time, the significance of the direction appears to have very week relationship.

The correlation between Horace Mann's Net Invested Capital and Net Debt is 0.29. Overlapping area represents the amount of variation of Net Invested Capital that can explain the historical movement of Net Debt in the same time period over historical financial statements of Horace Mann Educators, assuming nothing else is changed. The correlation between historical values of Horace Mann's Net Invested Capital and Net Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Invested Capital of Horace Mann Educators are associated (or correlated) with its Net Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Debt has no effect on the direction of Net Invested Capital i.e., Horace Mann's Net Invested Capital and Net Debt go up and down completely randomly.

Correlation Coefficient

0.29

Relationship Direction	Positive
Relationship Strength	Very Weak

View All Relationships

Net Invested Capital

The total amount of capital invested in a company, including both equity and debt, minus any cash or cash equivalents.

Net Debt

The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.

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

At this time, Horace Mann's Tax Provision is very stable compared to the past year. As of the 7th of November 2024, Sales General And Administrative To Revenue is likely to grow to 0.28, while Selling General Administrative is likely to drop about 173.5 M.

	2021	2022	2023	2024 (projected)
Gross Profit	1.3B	1.4B	1.5B	1.0B
Total Revenue	1.3B	1.4B	1.5B	1.0B

Gross Profit Total Revenue

Horace Mann fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Net Debt	Retained Earnings	Non Currrent Assets Other	Other Assets	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Stockholder Equity	Total Liab	Short Term Debt	Intangible Assets	Non Current Assets Total	Net Receivables	Total Current Assets	Cash	Cash And Short Term Investments	Common Stock Total Equity	Common Stock	Short Term Investments	Other Liab	Long Term Debt	Good Will
Total Assets		0.39	-0.12	-0.1	0.87	0.22	0.97	0.04	-0.31	0.75	-0.07	-0.37	1.0	0.32	0.23	0.53	0.44	0.67	0.5	0.56	0.73	0.72	0.54	0.66	0.29	-0.03
Short Long Term Debt Total	0.39		-0.07	-0.06	0.22	0.27	0.36	0.05	-0.1	0.1	-0.01	0.07	0.4	0.87	0.45	0.2	0.07	0.23	0.13	0.2	0.31	0.31	0.2	0.4	0.16	0.17
Other Current Liab	-0.12	-0.07		1.0	0.12	-0.9	-0.08	-0.84	0.98	0.3	-0.52	-0.44	-0.16	0.05	0.14	-0.72	-0.52	-0.65	-0.44	0.59	-0.37	-0.39	0.6	-0.38	-0.44	-0.43
Total Current Liabilities	-0.1	-0.06	1.0		0.14	-0.9	-0.06	-0.85	0.97	0.31	-0.54	-0.45	-0.14	0.06	0.14	-0.72	-0.52	-0.62	-0.42	0.61	-0.36	-0.38	0.62	-0.37	-0.45	-0.44
Total Stockholder Equity	0.87	0.22	0.12	0.14		-0.08	0.85	-0.18	-0.07	0.83	-0.2	-0.52	0.83	0.28	0.05	0.33	0.42	0.5	0.38	0.65	0.46	0.46	0.64	0.41	0.17	-0.35
Net Debt	0.22	0.27	-0.9	-0.9	-0.08		0.2	0.92	-0.88	-0.17	0.71	0.33	0.27	0.2	0.12	0.87	0.47	0.52	0.29	-0.5	0.47	0.49	-0.52	0.62	0.72	0.59
Retained Earnings	0.97	0.36	-0.08	-0.06	0.85	0.2		0.07	-0.24	0.83	0.02	-0.51	0.97	0.32	0.16	0.54	0.37	0.55	0.41	0.49	0.8	0.79	0.47	0.63	0.36	0.11
Non Currrent Assets Other	0.04	0.05	-0.84	-0.85	-0.18	0.92	0.07		-0.78	-0.17	0.9	0.22	0.07	0.11	-0.07	0.85	0.28	0.27	0.23	-0.67	0.45	0.48	-0.68	0.51	0.81	0.68
Other Assets	-0.31	-0.1	0.98	0.97	-0.07	-0.88	-0.24	-0.78		0.14	-0.43	-0.36	-0.33	0.03	0.1	-0.77	-0.66	-0.78	-0.49	0.44	-0.43	-0.44	0.45	-0.47	-0.44	-0.33
Common Stock Shares Outstanding	0.75	0.1	0.3	0.31	0.83	-0.17	0.83	-0.17	0.14		-0.04	-0.86	0.72	0.21	-0.09	0.29	0.14	0.2	0.13	0.54	0.56	0.56	0.53	0.37	0.28	-0.06
Non Current Liabilities Total	-0.07	-0.01	-0.52	-0.54	-0.2	0.71	0.02	0.9	-0.43	-0.04		-0.03	-0.05	0.19	-0.07	0.74	0.01	-0.11	0.0	-0.61	0.41	0.43	-0.62	0.45	0.9	0.74
Other Stockholder Equity	-0.37	0.07	-0.44	-0.45	-0.52	0.33	-0.51	0.22	-0.36	-0.86	-0.03		-0.34	-0.13	0.27	-0.07	0.13	0.15	0.13	-0.32	-0.35	-0.36	-0.31	-0.07	-0.21	-0.02
Total Liab	1.0	0.4	-0.16	-0.14	0.83	0.27	0.97	0.07	-0.33	0.72	-0.05	-0.34		0.32	0.25	0.55	0.44	0.69	0.51	0.53	0.75	0.74	0.51	0.68	0.3	0.02
Short Term Debt	0.32	0.87	0.05	0.06	0.28	0.2	0.32	0.11	0.03	0.21	0.19	-0.13	0.32		0.42	0.28	-0.06	0.02	0.07	0.2	0.27	0.27	0.19	0.47	0.36	0.14
Intangible Assets	0.23	0.45	0.14	0.14	0.05	0.12	0.16	-0.07	0.1	-0.09	-0.07	0.27	0.25	0.42		0.05	0.03	0.02	-0.04	0.32	-0.01	-0.01	0.32	0.49	0.13	0.02
Non Current Assets Total	0.53	0.2	-0.72	-0.72	0.33	0.87	0.54	0.85	-0.77	0.29	0.74	-0.07	0.55	0.28	0.05		0.46	0.54	0.41	-0.24	0.7	0.72	-0.27	0.78	0.87	0.5
Net Receivables	0.44	0.07	-0.52	-0.52	0.42	0.47	0.37	0.28	-0.66	0.14	0.01	0.13	0.44	-0.06	0.03	0.46		0.73	0.04	0.05	0.07	0.07	0.05	0.35	0.21	-0.06
Total Current Assets	0.67	0.23	-0.65	-0.62	0.5	0.52	0.55	0.27	-0.78	0.2	-0.11	0.15	0.69	0.02	0.02	0.54	0.73		0.63	0.14	0.43	0.43	0.13	0.47	0.09	-0.12
Cash	0.5	0.13	-0.44	-0.42	0.38	0.29	0.41	0.23	-0.49	0.13	0.0	0.13	0.51	0.07	-0.04	0.41	0.04	0.63		0.08	0.57	0.57	0.07	0.37	0.06	-0.14
Cash And Short Term Investments	0.56	0.2	0.59	0.61	0.65	-0.5	0.49	-0.67	0.44	0.54	-0.61	-0.32	0.53	0.2	0.32	-0.24	0.05	0.14	0.08		0.01	0.0	1.0	0.15	-0.31	-0.54
Common Stock Total Equity	0.73	0.31	-0.37	-0.36	0.46	0.47	0.8	0.45	-0.43	0.56	0.41	-0.35	0.75	0.27	-0.01	0.7	0.07	0.43	0.57	0.01		1.0	-0.01	0.61	0.54	0.52
Common Stock	0.72	0.31	-0.39	-0.38	0.46	0.49	0.79	0.48	-0.44	0.56	0.43	-0.36	0.74	0.27	-0.01	0.72	0.07	0.43	0.57	0.0	1.0		-0.02	0.62	0.57	0.53
Short Term Investments	0.54	0.2	0.6	0.62	0.64	-0.52	0.47	-0.68	0.45	0.53	-0.62	-0.31	0.51	0.19	0.32	-0.27	0.05	0.13	0.07	1.0	-0.01	-0.02		0.13	-0.33	-0.55
Other Liab	0.66	0.4	-0.38	-0.37	0.41	0.62	0.63	0.51	-0.47	0.37	0.45	-0.07	0.68	0.47	0.49	0.78	0.35	0.47	0.37	0.15	0.61	0.62	0.13		0.7	0.29
Long Term Debt	0.29	0.16	-0.44	-0.45	0.17	0.72	0.36	0.81	-0.44	0.28	0.9	-0.21	0.3	0.36	0.13	0.87	0.21	0.09	0.06	-0.31	0.54	0.57	-0.33	0.7		0.62
Good Will	-0.03	0.17	-0.43	-0.44	-0.35	0.59	0.11	0.68	-0.33	-0.06	0.74	-0.02	0.02	0.14	0.02	0.5	-0.06	-0.12	-0.14	-0.54	0.52	0.53	-0.55	0.29	0.62

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Horace Mann Account Relationship Matchups

Horace Mann fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	12.5B	13.5B	14.4B	13.3B	11.7B	7.7B
Short Long Term Debt Total	433.0M	437.3M	502.6M	747M	546M	309.0M
Other Current Liab	9.4B	9.4B	(135M)	(249M)	(1.9B)	(1.8B)
Total Current Liabilities	9.4B	9.4B	135M	249M	(1.9B)	(1.8B)
Total Stockholder Equity	1.6B	1.8B	1.8B	1.1B	1.2B	905.6M
Net Debt	407.5M	415M	369.6M	455.2M	516.3M	542.1M
Retained Earnings	1.4B	1.4B	1.5B	1.5B	1.5B	789.2M
Non Currrent Assets Other	(38.5M)	(28.9M)	(29.2M)	(135.3M)	9.3B	9.7B
Other Assets	(626.1M)	(771.0M)	(43M)	361.4M	1.0	0.95
Liabilities And Stockholders Equity	12.5B	13.5B	14.4B	13.3B	11.7B	7.7B
Non Current Liabilities Total	298.0M	302.3M	253.6M	249M	12.4B	13.0B
Other Stockholder Equity	(5.0M)	259K	1.9M	(14.8M)	(13M)	(12.4M)
Total Liab	10.9B	11.7B	12.6B	12.2B	10.5B	6.8B
Short Term Debt	872.5M	0.0	135M	249M	286.4M	300.7M
Intangible Assets	177.2M	158.5M	145.4M	185.2M	156.9M	134.9M
Non Current Assets Total	6.9B	7.5B	7.7B	6.9B	10.8B	11.4B
Net Receivables	2.3B	2.4B	153.2M	506.2M	480.5M	386.4M
Total Current Assets	6.2B	6.7B	6.7B	6.1B	830.2M	1.3B
Cash	25.5M	22.3M	133M	42.8M	29.7M	23.2M
Cash And Short Term Investments	6.2B	6.7B	6.7B	5.5B	551.9M	524.3M
Accumulated Other Comprehensive Income	219.7M	355.1M	280.5M	(399.4M)	(314M)	(298.3M)
Short Term Investments	6.2B	6.7B	6.6B	5.5B	294.1M	279.4M
Other Liab	9.1B	9.8B	10.5B	10.0B	11.5B	12.1B
Long Term Debt	298.0M	302.3M	253.6M	249M	546M	573.3M
Good Will	49.1M	43.5M	43.5M	54.3M	62.4M	52.6M
Property Plant Equipment	76.6M	77.3M	75M	80.9M	93.0M	97.7M
Accounts Payable	442.9M	438.8M	425.9M	585.1M	672.9M	343.8M
Other Current Assets	249.1M	296.3M	394M	794.5M	830.2M	871.7M
Net Tangible Assets	1.3B	1.6B	1.7B	1.0B	1.2B	1.4B
Retained Earnings Total Equity	1.2B	1.4B	1.4B	1.5B	1.8B	1.3B
Long Term Debt Total	298.0M	302.3M	253.6M	498M	572.7M	297.3M
Capital Surpluse	481.0M	488.4M	495.3M	502.6M	578.0M	493.9M
Long Term Investments	6.6B	7.3B	7.4B	6.6B	6.7B	7.9B
Non Current Liabilities Other	5.7B	10.5B	11.2B	12.1B	13.9B	9.1B
Property Plant And Equipment Net	60.1M	64.7M	66M	69.3M	68.6M	52.2M

Pair Trading with Horace Mann

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 Horace Mann 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 Horace Mann will appreciate offsetting losses from the drop in the long position's value.

Moving together with Horace Stock

0.68

FRFHF

Fairfax Financial

Pair Corr

Moving against Horace Stock

0.53

FACO

First Acceptance Corp

Pair Corr

The ability to find closely correlated positions to Horace Mann could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Horace Mann 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 Horace Mann - 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 Horace Mann Educators to buy it.

The correlation of Horace Mann 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 Horace Mann moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Horace Mann Educators 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 Horace Mann 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.

Pair Correlation Correlation Matching

When determining whether Horace Mann Educators offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Horace Mann's 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 Horace Mann Educators Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Horace Mann Educators Stock:

How To Invest In Horace

Details

Is Horace Stock a good investment?

Details

What is Horace Mann's Net Worth?

Details

Largest Multi-line Insurance Companies

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Largest Insurance - Property & Casualty Companies

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Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Horace Mann Educators. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

You can also try the Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes.

Is Multi-line Insurance space 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 Horace Mann. If investors know Horace 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 Horace Mann 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

1.964

Dividend Share

1.35

Earnings Share

2.74

Revenue Per Share

38.477

Quarterly Revenue Growth

0.088

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

Net Invested Capital vs Net Debt

Net Invested Capital vs Net Debt Correlation Analysis

Correlation Coefficient

Net Invested Capital

Net Debt

Horace Mann fundamental ratios Correlations

Horace Mann Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Horace Mann fundamental ratios Accounts

Pair Trading with Horace Mann

Moving together with Horace Stock

Moving against Horace Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Liab	+ 1.0	Total Assets
Total Current Liabilities	+ 1.0	Other Current Liab
Short Term Investments	+ 1.0	Cash And Short Term Investments
Common Stock	+ 1.0	Common Stock Total Equity
Other Assets	+ 0.98	Other Current Liab
Retained Earnings	+ 0.97	Total Assets

Net Debt	- 0.9	Total Current Liabilities
Net Debt	- 0.9	Other Current Liab
Other Assets	- 0.88	Net Debt
Other Stockholder Equity	- 0.86	Common Stock Shares Outstanding
Non Currrent Assets Other	- 0.85	Total Current Liabilities
Non Currrent Assets Other	- 0.84	Other Current Liab