Harmony Free Cash Flow Yield vs Income Quality Analysis

HRMY Stock

USD 34.67 1.08 3.02%

Harmony Biosciences financial indicator trend analysis is much more than just examining Harmony Biosciences latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Harmony Biosciences is a good investment. Please check the relationship between Harmony Biosciences Free Cash Flow Yield and its Income Quality accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Harmony Biosciences Holdings. 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.

Free Cash Flow Yield vs Income Quality

Free Cash Flow Yield vs Income Quality Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Harmony Biosciences Free Cash Flow Yield account and Income Quality. At this time, the significance of the direction appears to have very week relationship.

The correlation between Harmony Biosciences' Free Cash Flow Yield and Income Quality is 0.25. Overlapping area represents the amount of variation of Free Cash Flow Yield that can explain the historical movement of Income Quality in the same time period over historical financial statements of Harmony Biosciences Holdings, assuming nothing else is changed. The correlation between historical values of Harmony Biosciences' Free Cash Flow Yield and Income Quality is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Free Cash Flow Yield of Harmony Biosciences Holdings are associated (or correlated) with its Income Quality. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Income Quality has no effect on the direction of Free Cash Flow Yield i.e., Harmony Biosciences' Free Cash Flow Yield and Income Quality go up and down completely randomly.

Correlation Coefficient

0.25

Relationship Direction	Positive
Relationship Strength	Very Weak

View All Relationships

Free Cash Flow Yield

A financial solvency ratio that compares the free cash flow per share a company is expected to earn against its market value per share, calculated as free cash flow per share divided by market price per share.

Income Quality

An assessment of the sustainability of a company's earnings over time, considering factors like revenue source diversification and cost structure.

Most indicators from Harmony Biosciences' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Harmony Biosciences 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 Harmony Biosciences Holdings. 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, Harmony Biosciences' Tax Provision is fairly stable compared to the past year. Enterprise Value is likely to rise to about 1.9 B in 2024, whereas Selling General Administrative is likely to drop slightly above 60.8 M in 2024.

	2021	2022	2023	2024 (projected)
Reconciled Depreciation	18.8M	23.4M	24.3M	14.7M
Total Operating Expenses	162.4M	234.2M	268.8M	178.2M

Reconciled Depreciation Total Operating Expenses

Harmony Biosciences fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Current Assets	Other Stockholder Equity	Total Liab	Net Invested Capital	Property Plant And Equipment Gross	Total Current Assets	Capital Stock	Non Current Liabilities Other	Net Working Capital
Total Assets		0.9	0.91	0.87	0.73	0.91	-0.95	-0.12	0.02	0.66	0.96	0.99	0.88	0.83	0.98	0.74	0.89	0.98	0.73	0.93	0.95	-0.94	0.99	-0.92	0.86	0.94
Other Current Liab	0.9		0.99	0.69	0.59	0.77	-0.86	-0.04	-0.17	0.61	0.91	0.9	0.68	0.65	0.88	0.68	0.88	0.82	0.84	0.95	0.86	-0.91	0.88	-0.89	0.66	0.73
Total Current Liabilities	0.91	0.99		0.72	0.59	0.78	-0.87	-0.07	-0.1	0.67	0.91	0.92	0.73	0.69	0.89	0.69	0.86	0.84	0.79	0.94	0.87	-0.91	0.89	-0.87	0.66	0.74
Total Stockholder Equity	0.87	0.69	0.72		0.59	0.96	-0.9	-0.41	0.42	0.8	0.82	0.85	0.82	0.97	0.87	0.64	0.67	0.89	0.55	0.71	0.92	-0.74	0.87	-0.8	0.74	0.88
Other Liab	0.73	0.59	0.59	0.59		0.71	-0.75	-0.01	-0.28	0.33	0.8	0.69	0.78	0.45	0.76	0.61	0.8	0.74	0.61	0.74	0.78	-0.81	0.76	-0.82	0.96	0.78
Net Tangible Assets	0.91	0.77	0.78	0.96	0.71		-0.91	-0.42	0.26	0.67	0.92	0.86	0.8	0.88	0.94	0.59	0.75	0.94	0.74	0.79	0.96	-0.81	0.94	-0.92	0.83	0.94
Property Plant And Equipment Net	-0.95	-0.86	-0.87	-0.9	-0.75	-0.91		0.06	0.0	-0.77	-0.9	-0.95	-0.85	-0.87	-0.92	-0.86	-0.92	-0.92	-0.68	-0.93	-0.98	0.95	-0.93	0.92	-0.85	-0.87
Net Debt	-0.12	-0.04	-0.07	-0.41	-0.01	-0.42	0.06		-0.77	-0.21	-0.24	-0.01	-0.14	-0.3	-0.23	0.41	0.24	-0.2	-0.22	0.13	-0.19	-0.13	-0.2	0.16	-0.04	-0.26
Retained Earnings	0.02	-0.17	-0.1	0.42	-0.28	0.26	0.0	-0.77		0.41	-0.03	-0.01	0.15	0.45	0.03	-0.26	-0.38	0.08	-0.25	-0.28	0.04	0.28	0.04	0.14	-0.16	0.11
Accounts Payable	0.66	0.61	0.67	0.8	0.33	0.67	-0.77	-0.21	0.41		0.56	0.71	0.71	0.86	0.57	0.69	0.54	0.58	0.25	0.61	0.7	-0.59	0.6	-0.53	0.41	0.5
Cash	0.96	0.91	0.91	0.82	0.8	0.92	-0.9	-0.24	-0.03	0.56		0.92	0.83	0.73	0.99	0.62	0.87	0.95	0.85	0.91	0.95	-0.92	0.98	-0.97	0.87	0.93
Non Current Assets Total	0.99	0.9	0.92	0.85	0.69	0.86	-0.95	-0.01	-0.01	0.71	0.92		0.89	0.84	0.95	0.8	0.9	0.95	0.65	0.94	0.93	-0.94	0.96	-0.87	0.81	0.89
Non Currrent Assets Other	0.88	0.68	0.73	0.82	0.78	0.8	-0.85	-0.14	0.15	0.71	0.83	0.89		0.78	0.84	0.69	0.74	0.87	0.41	0.76	0.82	-0.8	0.86	-0.74	0.85	0.85
Other Assets	0.83	0.65	0.69	0.97	0.45	0.88	-0.87	-0.3	0.45	0.86	0.73	0.84	0.78		0.8	0.69	0.64	0.84	0.43	0.68	0.86	-0.69	0.81	-0.71	0.64	0.8
Cash And Short Term Investments	0.98	0.88	0.89	0.87	0.76	0.94	-0.92	-0.23	0.03	0.57	0.99	0.95	0.84	0.8		0.64	0.86	0.99	0.81	0.9	0.96	-0.91	1.0	-0.95	0.87	0.96
Common Stock Shares Outstanding	0.74	0.68	0.69	0.64	0.61	0.59	-0.86	0.41	-0.26	0.69	0.62	0.8	0.69	0.69	0.64		0.88	0.67	0.38	0.84	0.76	-0.86	0.67	-0.68	0.69	0.59
Non Current Liabilities Total	0.89	0.88	0.86	0.67	0.8	0.75	-0.92	0.24	-0.38	0.54	0.87	0.9	0.74	0.64	0.86	0.88		0.84	0.74	0.98	0.89	-0.99	0.87	-0.91	0.85	0.78
Other Current Assets	0.98	0.82	0.84	0.89	0.74	0.94	-0.92	-0.2	0.08	0.58	0.95	0.95	0.87	0.84	0.99	0.67	0.84		0.72	0.87	0.94	-0.89	0.99	-0.91	0.88	0.98
Other Stockholder Equity	0.73	0.84	0.79	0.55	0.61	0.74	-0.68	-0.22	-0.25	0.25	0.85	0.65	0.41	0.43	0.81	0.38	0.74	0.72		0.78	0.77	-0.76	0.78	-0.89	0.64	0.69
Total Liab	0.93	0.95	0.94	0.71	0.74	0.79	-0.93	0.13	-0.28	0.61	0.91	0.94	0.76	0.68	0.9	0.84	0.98	0.87	0.78		0.91	-0.99	0.9	-0.92	0.8	0.79
Net Invested Capital	0.95	0.86	0.87	0.92	0.78	0.96	-0.98	-0.19	0.04	0.7	0.95	0.93	0.82	0.86	0.96	0.76	0.89	0.94	0.77	0.91		-0.93	0.96	-0.97	0.88	0.92
Property Plant And Equipment Gross	-0.94	-0.91	-0.91	-0.74	-0.81	-0.81	0.95	-0.13	0.28	-0.59	-0.92	-0.94	-0.8	-0.69	-0.91	-0.86	-0.99	-0.89	-0.76	-0.99	-0.93		-0.92	0.94	-0.87	-0.83
Total Current Assets	0.99	0.88	0.89	0.87	0.76	0.94	-0.93	-0.2	0.04	0.6	0.98	0.96	0.86	0.81	1.0	0.67	0.87	0.99	0.78	0.9	0.96	-0.92		-0.94	0.88	0.96
Capital Stock	-0.92	-0.89	-0.87	-0.8	-0.82	-0.92	0.92	0.16	0.14	-0.53	-0.97	-0.87	-0.74	-0.71	-0.95	-0.68	-0.91	-0.91	-0.89	-0.92	-0.97	0.94	-0.94		-0.88	-0.89
Non Current Liabilities Other	0.86	0.66	0.66	0.74	0.96	0.83	-0.85	-0.04	-0.16	0.41	0.87	0.81	0.85	0.64	0.87	0.69	0.85	0.88	0.64	0.8	0.88	-0.87	0.88	-0.88		0.92
Net Working Capital	0.94	0.73	0.74	0.88	0.78	0.94	-0.87	-0.26	0.11	0.5	0.93	0.89	0.85	0.8	0.96	0.59	0.78	0.98	0.69	0.79	0.92	-0.83	0.96	-0.89	0.92

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Harmony Biosciences Account Relationship Matchups

Harmony Biosciences fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	106.7M	427.1M	433.4M	673.9M	811.4M	466.0M
Other Current Liab	13.5M	132.0M	50.8M	73.1M	131.1M	74.5M
Total Current Liabilities	19.9M	134.5M	53.8M	78.9M	163.8M	84.0M
Total Stockholder Equity	(11.6M)	97.2M	186.5M	402.8M	467.0M	490.3M
Other Liab	450K	1.1M	3.2M	1.5M	1.8M	1.5M
Net Tangible Assets	(495.0M)	(65.2M)	42.6M	241.9M	278.2M	292.1M
Property Plant And Equipment Net	1.3M	938K	820K	573K	371K	352.5K
Net Debt	73.5M	(34.4M)	(42.3M)	(52.1M)	(118.1M)	(112.2M)
Retained Earnings	(422.9M)	(488.2M)	(453.6M)	(272.1M)	(143.3M)	(150.4M)
Accounts Payable	6.4M	2.6M	1.0M	3.8M	17.7M	18.6M
Cash	24.5M	228.6M	234.3M	243.8M	311.7M	206.5M
Non Current Assets Total	75.2M	164.2M	149.0M	273.6M	360.4M	187.9M
Non Currrent Assets Other	1.7M	902K	4.3M	3.5M	6.6M	3.3M
Other Assets	1.7M	902K	4.3M	87.2M	100.3M	105.3M
Cash And Short Term Investments	24.5M	228.6M	234.3M	323.1M	353.5M	228.7M
Net Receivables	4.3M	22.2M	34.8M	54.7M	74.1M	77.8M
Common Stock Shares Outstanding	63.7M	56.9M	59.2M	61.1M	60.4M	64.3M
Liabilities And Stockholders Equity	106.7M	427.1M	433.4M	673.9M	811.4M	466.0M
Non Current Liabilities Total	98.4M	195.4M	193.2M	192.1M	180.7M	157.7M
Inventory	1.1M	3.8M	4.4M	4.3M	5.4M	3.5M
Other Current Assets	261K	8.3M	10.9M	18.1M	18.1M	10.6M
Other Stockholder Equity	1K	1.0B	640.1M	675.1M	610.3M	598.1M
Total Liab	118.3M	329.9M	246.9M	271.0M	344.5M	241.7M
Net Invested Capital	(324.9M)	291.4M	378.5M	594.5M	660.6M	693.6M
Total Current Assets	31.5M	262.9M	284.4M	400.3M	451.1M	278.1M
Non Current Liabilities Other	163K	893K	3.2M	2.5M	2.1M	1.7M
Net Working Capital	11.6M	128.4M	230.7M	321.4M	287.3M	194.1M
Property Plant Equipment	1.3M	938K	820K	573K	515.7K	837.9K

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Harmony Free Cash Flow Yield vs Income Quality Analysis

Free Cash Flow Yield vs Income Quality

Free Cash Flow Yield vs Income Quality Correlation Analysis

Correlation Coefficient

Free Cash Flow Yield

Income Quality

Harmony Biosciences fundamental ratios Correlations

Harmony Biosciences Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Harmony Biosciences fundamental ratios Accounts

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Additional Tools for Harmony Stock Analysis

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Total Current Assets	+ 1.0	Cash And Short Term Investments
Non Current Assets Total	+ 0.99	Total Assets
Total Current Assets	+ 0.99	Total Assets
Total Current Liabilities	+ 0.99	Other Current Liab
Cash And Short Term Investments	+ 0.99	Cash
Other Current Assets	+ 0.99	Cash And Short Term Investments

Property Plant And Equipment Gross	- 0.99	Total Liab
Property Plant And Equipment Gross	- 0.99	Non Current Liabilities Total
Net Invested Capital	- 0.98	Property Plant And Equipment Net
Capital Stock	- 0.97	Net Invested Capital
Capital Stock	- 0.97	Cash
Capital Stock	- 0.95	Cash And Short Term Investments