New Non Current Liabilities Total vs Selling General Administrative Analysis

002946 Stock   14.48  1.32  10.03%   
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 Non Current Liabilities Total and its Selling General Administrative 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.

Non Current Liabilities Total vs Selling General Administrative

Non Current Liabilities Total vs Selling General Administrative Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of New Hope Dairy Non Current Liabilities Total account and Selling General Administrative. At this time, the significance of the direction appears to have strong relationship.
The correlation between New Hope's Non Current Liabilities Total and Selling General Administrative is 0.65. Overlapping area represents the amount of variation of Non Current Liabilities Total that can explain the historical movement of Selling General Administrative 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 Non Current Liabilities Total and Selling General Administrative is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Non Current Liabilities Total of New Hope Dairy are associated (or correlated) with its Selling General Administrative. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Selling General Administrative has no effect on the direction of Non Current Liabilities Total i.e., New Hope's Non Current Liabilities Total and Selling General Administrative go up and down completely randomly.

Correlation Coefficient

0.65
Relationship DirectionPositive 
Relationship StrengthSignificant

Non Current Liabilities Total

Selling General Administrative

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 11, 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 Profit2.2B2.4B3.0B2.1B
Total Revenue9.0B10.0B11.0B7.3B

New Hope fundamental ratios Correlations

0.140.970.960.94-0.380.870.96-0.51-0.380.80.990.960.670.990.490.680.570.830.580.99-0.080.961.00.760.98
0.140.160.05-0.04-0.02-0.290.10.190.30.080.20.120.80.15-0.110.00.130.16-0.010.16-0.32-0.030.120.060.14
0.970.160.880.88-0.520.850.99-0.41-0.310.850.970.970.640.980.310.590.510.880.520.97-0.010.930.970.730.96
0.960.050.880.92-0.140.870.88-0.57-0.380.770.930.90.60.930.650.690.560.740.550.94-0.040.920.970.810.93
0.94-0.040.880.92-0.390.830.88-0.48-0.440.70.940.890.510.930.50.660.470.770.550.94-0.020.960.940.620.95
-0.38-0.02-0.52-0.14-0.39-0.33-0.49-0.080.2-0.4-0.46-0.46-0.17-0.460.52-0.050.03-0.57-0.12-0.46-0.13-0.42-0.360.06-0.47
0.87-0.290.850.870.83-0.330.86-0.61-0.520.730.820.880.30.850.440.620.480.70.530.850.060.890.880.690.83
0.960.10.990.880.88-0.490.86-0.4-0.310.830.950.980.590.970.320.580.460.880.50.960.050.940.950.730.95
-0.510.19-0.41-0.57-0.48-0.08-0.61-0.40.88-0.11-0.42-0.52-0.27-0.49-0.6-0.91-0.810.01-0.86-0.490.63-0.61-0.5-0.48-0.38
-0.380.3-0.31-0.38-0.440.2-0.52-0.310.880.0-0.34-0.45-0.13-0.39-0.29-0.75-0.550.03-0.73-0.410.53-0.54-0.36-0.11-0.3
0.80.080.850.770.7-0.40.730.83-0.110.00.830.790.440.790.150.20.150.910.070.810.420.720.820.710.83
0.990.20.970.930.94-0.460.820.95-0.42-0.340.830.950.70.990.380.60.480.870.490.99-0.030.940.990.680.99
0.960.120.970.90.89-0.460.880.98-0.52-0.450.790.950.630.970.330.650.50.820.550.97-0.040.960.960.70.94
0.670.80.640.60.51-0.170.30.59-0.27-0.130.440.70.630.670.280.470.480.520.410.68-0.40.520.650.430.65
0.990.150.980.930.93-0.460.850.97-0.49-0.390.790.990.970.670.420.680.570.840.60.99-0.10.960.990.720.98
0.49-0.110.310.650.50.520.440.32-0.6-0.290.150.380.330.280.420.650.620.10.570.4-0.340.450.490.60.39
0.680.00.590.690.66-0.050.620.58-0.91-0.750.20.60.650.470.680.650.910.180.970.65-0.670.760.650.60.56
0.570.130.510.560.470.030.480.46-0.81-0.550.150.480.50.480.570.620.910.090.940.51-0.760.580.550.660.44
0.830.160.880.740.77-0.570.70.880.010.030.910.870.820.520.840.10.180.090.090.850.380.740.840.540.9
0.58-0.010.520.550.55-0.120.530.5-0.86-0.730.070.490.550.410.60.570.970.940.090.54-0.770.660.550.50.46
0.990.160.970.940.94-0.460.850.96-0.49-0.410.810.990.970.680.990.40.650.510.850.54-0.060.960.990.680.99
-0.08-0.32-0.01-0.04-0.02-0.130.060.050.630.530.42-0.03-0.04-0.4-0.1-0.34-0.67-0.760.38-0.77-0.06-0.1-0.04-0.050.03
0.96-0.030.930.920.96-0.420.890.94-0.61-0.540.720.940.960.520.960.450.760.580.740.660.96-0.10.950.710.93
1.00.120.970.970.94-0.360.880.95-0.5-0.360.820.990.960.650.990.490.650.550.840.550.99-0.040.950.760.98
0.760.060.730.810.620.060.690.73-0.48-0.110.710.680.70.430.720.60.60.660.540.50.68-0.050.710.760.67
0.980.140.960.930.95-0.470.830.95-0.38-0.30.830.990.940.650.980.390.560.440.90.460.990.030.930.980.67
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New Hope Account Relationship Matchups

New Hope fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets5.4B8.6B9.5B9.5B8.9B7.2B
Other Current Liab373.6M473.9M783.7M704.7M46.0M43.7M
Total Current Liabilities2.7B3.4B4.3B4.3B4.0B3.6B
Total Stockholder Equity2.0B2.7B2.6B2.5B2.6B2.1B
Other Liab121.2M241.1M192.0M219.4M252.3M169.6M
Net Tangible Assets1.6B1.0B734.8M552.9M497.6M747.4M
Retained Earnings663.8M883.6M1.1B1.4B1.7B1.8B
Accounts Payable526.8M647.4M881.9M957.6M925.4M681.0M
Cash446.4M538.7M515.2M494.1M439.5M408.0M
Other Assets202.0M172.9M210.1M123.5M111.1M130.7M
Net Receivables463.5M533.9M666.6M575.8M604.1M558.2M
Inventory328.4M466.1M685.2M800.3M711.5M493.5M
Other Current Assets54.9M142.7M208.6M221.1M5.9M5.6M
Total Liab3.3B5.7B6.6B6.8B6.3B5.0B
Deferred Long Term Liab55.0M55.0M22.1M20.6M23.7M29.7M
Short Long Term Debt1.4B1.2B1.8B827.9M915.6M1.2B
Total Current Assets1.3B1.9B2.1B2.1B2.0B1.8B
Intangible Assets226.1M616.9M712.9M776.2M681.1M472.7M
Property Plant Equipment2.5B3.5B3.8B4.0B4.6B3.1B
Non Current Assets Total4.1B6.7B7.4B7.3B6.9B5.8B
Non Currrent Assets Other109.9M72.1M140.4M60.6M97.4M80.3M
Long Term Debt453.9M2.0B2.1B2.3B2.1B1.4B
Non Current Liabilities Total575.1M2.3B2.3B2.6B2.3B1.6B
Non Current Liabilities Other417.9M4.0M38.8M51.6K46.5K44.1K
Net Debt1.3B2.7B3.3B2.6B2.5B2.3B
Net Invested Capital3.7B5.9B6.5B5.6B5.5B5.1B
Net Working Capital(1.4B)(1.6B)(2.2B)(2.1B)(2.0B)(2.1B)

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Other Information on Investing in New Stock

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.