New Interest Income vs Tax Provision Analysis

002946 Stock

13.01 0.01 0.08%

New Hope financial indicator trend analysis is infinitely more than just investigating New Hope Dairy recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether New Hope Dairy is a good investment. Please check the relationship between New Hope Interest Income and its Tax Provision accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in New Hope Dairy. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Interest Income vs Tax Provision

Interest Income vs Tax Provision Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of New Hope Dairy Interest Income account and Tax Provision. At this time, the significance of the direction appears to have almost no relationship.

The correlation between New Hope's Interest Income and Tax Provision is 0.18. Overlapping area represents the amount of variation of Interest Income that can explain the historical movement of Tax Provision in the same time period over historical financial statements of New Hope Dairy, assuming nothing else is changed. The correlation between historical values of New Hope's Interest Income and Tax Provision is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Interest Income of New Hope Dairy are associated (or correlated) with its Tax Provision. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Tax Provision has no effect on the direction of Interest Income i.e., New Hope's Interest Income and Tax Provision go up and down completely randomly.

Correlation Coefficient

0.18

Relationship Direction	Positive
Relationship Strength	Insignificant

View All Relationships

Interest Income

Income earned from the investment of cash or from lending money to others, including interest from bank accounts, bonds, or other interest-bearing investments.

Tax Provision

The amount set aside by a company to cover any estimated taxes for the current period. It reflects the company's expected tax liabilities.

Most indicators from New Hope's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into New Hope Dairy 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in New Hope Dairy. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

As of December 2, 2024, Selling General Administrative is expected to decline to about 1.4 B. In addition to that, Tax Provision is expected to decline to about 36.7 M

	2021	2022	2023	2024 (projected)
Gross Profit	2.2B	2.4B	3.0B	2.1B
Total Revenue	9.0B	10.0B	11.0B	7.3B

Gross Profit Total Revenue

New Hope fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Retained Earnings	Accounts Payable	Cash	Other Assets	Net Receivables	Good Will	Inventory	Other Current Assets	Total Liab	Deferred Long Term Liab	Long Term Investments	Short Long Term Debt	Total Current Assets	Short Term Debt	Intangible Assets	Common Stock	Property Plant Equipment	Non Current Assets Total	Non Currrent Assets Other	Long Term Debt
Total Assets		0.14	0.97	0.96	0.94	-0.38	0.87	0.96	-0.51	-0.38	0.8	0.99	0.96	0.67	0.99	0.49	0.68	0.57	0.83	0.58	0.99	-0.08	0.96	1.0	0.76	0.98
Other Current Liab	0.14		0.16	0.05	-0.04	-0.02	-0.29	0.1	0.19	0.3	0.08	0.2	0.12	0.8	0.15	-0.11	0.0	0.13	0.16	-0.01	0.16	-0.32	-0.03	0.12	0.06	0.14
Total Current Liabilities	0.97	0.16		0.88	0.88	-0.52	0.85	0.99	-0.41	-0.31	0.85	0.97	0.97	0.64	0.98	0.31	0.59	0.51	0.88	0.52	0.97	-0.01	0.93	0.97	0.73	0.96
Total Stockholder Equity	0.96	0.05	0.88		0.92	-0.14	0.87	0.88	-0.57	-0.38	0.77	0.93	0.9	0.6	0.93	0.65	0.69	0.56	0.74	0.55	0.94	-0.04	0.92	0.97	0.81	0.93
Other Liab	0.94	-0.04	0.88	0.92		-0.39	0.83	0.88	-0.48	-0.44	0.7	0.94	0.89	0.51	0.93	0.5	0.66	0.47	0.77	0.55	0.94	-0.02	0.96	0.94	0.62	0.95
Net Tangible Assets	-0.38	-0.02	-0.52	-0.14	-0.39		-0.33	-0.49	-0.08	0.2	-0.4	-0.46	-0.46	-0.17	-0.46	0.52	-0.05	0.03	-0.57	-0.12	-0.46	-0.13	-0.42	-0.36	0.06	-0.47
Retained Earnings	0.87	-0.29	0.85	0.87	0.83	-0.33		0.86	-0.61	-0.52	0.73	0.82	0.88	0.3	0.85	0.44	0.62	0.48	0.7	0.53	0.85	0.06	0.89	0.88	0.69	0.83
Accounts Payable	0.96	0.1	0.99	0.88	0.88	-0.49	0.86		-0.4	-0.31	0.83	0.95	0.98	0.59	0.97	0.32	0.58	0.46	0.88	0.5	0.96	0.05	0.94	0.95	0.73	0.95
Cash	-0.51	0.19	-0.41	-0.57	-0.48	-0.08	-0.61	-0.4		0.88	-0.11	-0.42	-0.52	-0.27	-0.49	-0.6	-0.91	-0.81	0.01	-0.86	-0.49	0.63	-0.61	-0.5	-0.48	-0.38
Other Assets	-0.38	0.3	-0.31	-0.38	-0.44	0.2	-0.52	-0.31	0.88		0.0	-0.34	-0.45	-0.13	-0.39	-0.29	-0.75	-0.55	0.03	-0.73	-0.41	0.53	-0.54	-0.36	-0.11	-0.3
Net Receivables	0.8	0.08	0.85	0.77	0.7	-0.4	0.73	0.83	-0.11	0.0		0.83	0.79	0.44	0.79	0.15	0.2	0.15	0.91	0.07	0.81	0.42	0.72	0.82	0.71	0.83
Good Will	0.99	0.2	0.97	0.93	0.94	-0.46	0.82	0.95	-0.42	-0.34	0.83		0.95	0.7	0.99	0.38	0.6	0.48	0.87	0.49	0.99	-0.03	0.94	0.99	0.68	0.99
Inventory	0.96	0.12	0.97	0.9	0.89	-0.46	0.88	0.98	-0.52	-0.45	0.79	0.95		0.63	0.97	0.33	0.65	0.5	0.82	0.55	0.97	-0.04	0.96	0.96	0.7	0.94
Other Current Assets	0.67	0.8	0.64	0.6	0.51	-0.17	0.3	0.59	-0.27	-0.13	0.44	0.7	0.63		0.67	0.28	0.47	0.48	0.52	0.41	0.68	-0.4	0.52	0.65	0.43	0.65
Total Liab	0.99	0.15	0.98	0.93	0.93	-0.46	0.85	0.97	-0.49	-0.39	0.79	0.99	0.97	0.67		0.42	0.68	0.57	0.84	0.6	0.99	-0.1	0.96	0.99	0.72	0.98
Deferred Long Term Liab	0.49	-0.11	0.31	0.65	0.5	0.52	0.44	0.32	-0.6	-0.29	0.15	0.38	0.33	0.28	0.42		0.65	0.62	0.1	0.57	0.4	-0.34	0.45	0.49	0.6	0.39
Long Term Investments	0.68	0.0	0.59	0.69	0.66	-0.05	0.62	0.58	-0.91	-0.75	0.2	0.6	0.65	0.47	0.68	0.65		0.91	0.18	0.97	0.65	-0.67	0.76	0.65	0.6	0.56
Short Long Term Debt	0.57	0.13	0.51	0.56	0.47	0.03	0.48	0.46	-0.81	-0.55	0.15	0.48	0.5	0.48	0.57	0.62	0.91		0.09	0.94	0.51	-0.76	0.58	0.55	0.66	0.44
Total Current Assets	0.83	0.16	0.88	0.74	0.77	-0.57	0.7	0.88	0.01	0.03	0.91	0.87	0.82	0.52	0.84	0.1	0.18	0.09		0.09	0.85	0.38	0.74	0.84	0.54	0.9
Short Term Debt	0.58	-0.01	0.52	0.55	0.55	-0.12	0.53	0.5	-0.86	-0.73	0.07	0.49	0.55	0.41	0.6	0.57	0.97	0.94	0.09		0.54	-0.77	0.66	0.55	0.5	0.46
Intangible Assets	0.99	0.16	0.97	0.94	0.94	-0.46	0.85	0.96	-0.49	-0.41	0.81	0.99	0.97	0.68	0.99	0.4	0.65	0.51	0.85	0.54		-0.06	0.96	0.99	0.68	0.99
Common Stock	-0.08	-0.32	-0.01	-0.04	-0.02	-0.13	0.06	0.05	0.63	0.53	0.42	-0.03	-0.04	-0.4	-0.1	-0.34	-0.67	-0.76	0.38	-0.77	-0.06		-0.1	-0.04	-0.05	0.03
Property Plant Equipment	0.96	-0.03	0.93	0.92	0.96	-0.42	0.89	0.94	-0.61	-0.54	0.72	0.94	0.96	0.52	0.96	0.45	0.76	0.58	0.74	0.66	0.96	-0.1		0.95	0.71	0.93
Non Current Assets Total	1.0	0.12	0.97	0.97	0.94	-0.36	0.88	0.95	-0.5	-0.36	0.82	0.99	0.96	0.65	0.99	0.49	0.65	0.55	0.84	0.55	0.99	-0.04	0.95		0.76	0.98
Non Currrent Assets Other	0.76	0.06	0.73	0.81	0.62	0.06	0.69	0.73	-0.48	-0.11	0.71	0.68	0.7	0.43	0.72	0.6	0.6	0.66	0.54	0.5	0.68	-0.05	0.71	0.76		0.67
Long Term Debt	0.98	0.14	0.96	0.93	0.95	-0.47	0.83	0.95	-0.38	-0.3	0.83	0.99	0.94	0.65	0.98	0.39	0.56	0.44	0.9	0.46	0.99	0.03	0.93	0.98	0.67

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New Hope Account Relationship Matchups

New Hope fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	5.4B	8.6B	9.5B	9.5B	8.9B	7.2B
Other Current Liab	373.6M	473.9M	783.7M	704.7M	46.0M	43.7M
Total Current Liabilities	2.7B	3.4B	4.3B	4.3B	4.0B	3.6B
Total Stockholder Equity	2.0B	2.7B	2.6B	2.5B	2.6B	2.1B
Other Liab	121.2M	241.1M	192.0M	219.4M	252.3M	169.6M
Net Tangible Assets	1.6B	1.0B	734.8M	552.9M	497.6M	747.4M
Retained Earnings	663.8M	883.6M	1.1B	1.4B	1.7B	1.8B
Accounts Payable	526.8M	647.4M	881.9M	957.6M	925.4M	681.0M
Cash	446.4M	538.7M	515.2M	494.1M	439.5M	408.0M
Other Assets	202.0M	172.9M	210.1M	123.5M	111.1M	130.7M
Net Receivables	463.5M	533.9M	666.6M	575.8M	604.1M	558.2M
Inventory	328.4M	466.1M	685.2M	800.3M	711.5M	493.5M
Other Current Assets	54.9M	142.7M	208.6M	221.1M	5.9M	5.6M
Total Liab	3.3B	5.7B	6.6B	6.8B	6.3B	5.0B
Deferred Long Term Liab	55.0M	55.0M	22.1M	20.6M	23.7M	29.7M
Short Long Term Debt	1.4B	1.2B	1.8B	827.9M	915.6M	1.2B
Total Current Assets	1.3B	1.9B	2.1B	2.1B	2.0B	1.8B
Intangible Assets	226.1M	616.9M	712.9M	776.2M	681.1M	472.7M
Property Plant Equipment	2.5B	3.5B	3.8B	4.0B	4.6B	3.1B
Non Current Assets Total	4.1B	6.7B	7.4B	7.3B	6.9B	5.8B
Non Currrent Assets Other	109.9M	72.1M	140.4M	60.6M	97.4M	80.3M
Long Term Debt	453.9M	2.0B	2.1B	2.3B	2.1B	1.4B
Non Current Liabilities Total	575.1M	2.3B	2.3B	2.6B	2.3B	1.6B
Non Current Liabilities Other	417.9M	4.0M	38.8M	51.6K	46.5K	44.1K
Net Debt	1.3B	2.7B	3.3B	2.6B	2.5B	2.3B
Net Invested Capital	3.7B	5.9B	6.5B	5.6B	5.5B	5.1B
Net Working Capital	(1.4B)	(1.6B)	(2.2B)	(2.1B)	(2.0B)	(2.1B)

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Balance Sheet is a snapshot of the financial position of New Hope Dairy at a specified time, usually calculated after every quarter, six months, or one year. New Hope Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of New Hope and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which New currently owns. An asset can also be divided into two categories, current and non-current.

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New Interest Income vs Tax Provision Analysis

Interest Income vs Tax Provision

Interest Income vs Tax Provision Correlation Analysis

Correlation Coefficient

Interest Income

Tax Provision

New Hope fundamental ratios Correlations

New Hope Account Relationship Matchups

High Positive Relationship

High Negative Relationship

New Hope fundamental ratios Accounts

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COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Assets Total	+ 1.0	Total Assets
Good Will	+ 0.99	Total Assets
Total Liab	+ 0.99	Total Assets
Intangible Assets	+ 0.99	Total Assets
Accounts Payable	+ 0.99	Total Current Liabilities
Total Liab	+ 0.99	Good Will

Long Term Investments	- 0.91	Cash
Short Term Debt	- 0.86	Cash
Short Long Term Debt	- 0.81	Cash
Common Stock	- 0.77	Short Term Debt
Common Stock	- 0.76	Short Long Term Debt
Long Term Investments	- 0.75	Other Assets