Hammond Historical Balance Sheet

About Hammond Balance Sheet Analysis

Profit & Loss Statement Details

Cash Flow Statement Details

Financial Indicators Details

Valuation Indicators Details

Hammond Manufacturing Balance Sheet Chart

At this time, Hammond Manufacturing's Liabilities And Stockholders Equity is comparatively stable compared to the past year. Non Current Liabilities Total is likely to gain to about 24.8 M in 2024, whereas Non Currrent Assets Other are likely to drop slightly above 892.6 K in 2024.

Total Assets

Total assets refers to the total amount of Hammond Manufacturing assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Hammond Manufacturing books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.

Total Current Liabilities

Total Current Liabilities is an item on Hammond Manufacturing balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Hammond Manufacturing are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.

Accounts Payable

An accounting item on the balance sheet that represents Hammond Manufacturing 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 Hammond Manufacturing 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.

Cash

Cash refers to the most liquid asset of Hammond Manufacturing, which is listed under current asset account on Hammond Manufacturing balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Hammond Manufacturing customers. The amounts must be unrestricted with restricted cash listed in a different Hammond Manufacturing 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.

Hammond Manufacturing balance sheet Correlations

Hammond Manufacturing Account Relationship Matchups

Hammond Manufacturing balance sheet Accounts

Pair Trading with Hammond Manufacturing

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 Hammond Manufacturing 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 Hammond Manufacturing will appreciate offsetting losses from the drop in the long position's value.

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