New Long Term Debt vs Cash Analysis
| HOVRW Stock | 0.01 0.0008 7.14% |
New Horizon financial indicator trend analysis is infinitely more than just investigating New Horizon Aircraft recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether New Horizon Aircraft is a good investment. Please check the relationship between New Horizon Long Term Debt and its Cash accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in New Horizon Aircraft. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.
Long Term Debt vs Cash
Long Term Debt vs Cash Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of New Horizon Aircraft Long Term Debt account and Cash. At this time, the significance of the direction appears to have pay attention.
The correlation between New Horizon's Long Term Debt and Cash is -0.84. Overlapping area represents the amount of variation of Long Term Debt that can explain the historical movement of Cash in the same time period over historical financial statements of New Horizon Aircraft, assuming nothing else is changed. The correlation between historical values of New Horizon's Long Term Debt and Cash is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Long Term Debt of New Horizon Aircraft are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Long Term Debt i.e., New Horizon's Long Term Debt and Cash go up and down completely randomly.
Correlation Coefficient | -0.84 |
| Relationship Direction | Negative |
| Relationship Strength | Significant |
Long Term Debt
Long-term debt is a debt that New Horizon Aircraft has held for over one year. Long-term debt appears on New Horizon Aircraft balance sheet and also includes long-term leases. The most common forms of long term debt are bonds payable, long-term notes payable, mortgage payable, pension liabilities, and lease liabilities. In the corporate world, long-term debt is generally used to fund big-ticket items, such as machinery, buildings, and land. The total of long-term debt reported on New Horizon Aircraft balance sheet is the sum of the balances of all categories of long-term debt. Debt that is not due within the current year and is often considered to be financing activities that are to be repaid over several years.Cash
Cash refers to the most liquid asset of New Horizon Aircraft, which is listed under current asset account on New Horizon Aircraft balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from New Horizon customers. The amounts must be unrestricted with restricted cash listed in a different New Horizon account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.Most indicators from New Horizon's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into New Horizon Aircraft 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 New Horizon Aircraft. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area. At this time, New Horizon's Tax Provision is fairly stable compared to the past year. Selling General Administrative is likely to climb to about 3.9 M in 2024, whereas Enterprise Value Over EBITDA is likely to drop (271.5 K) in 2024.
| 2010 | 2022 | 2023 | 2024 (projected) | Interest Expense | 2.2K | 74.3K | 85.5K | 89.8K | Depreciation And Amortization | 24.3K | 26.9K | 167.9K | 176.3K |
New Horizon fundamental ratios Correlations
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New Horizon Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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