KRNY Stock | | | USD 7.93 0.14 1.73% |
Kearny Financial financial indicator trend analysis is infinitely more than just investigating Kearny Financial Corp recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Kearny Financial Corp is a good investment. Please check the relationship between Kearny Financial Short Term Investments and its Long Term Debt accounts. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Kearny Financial Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
Short Term Investments vs Long Term Debt
Short Term Investments vs Long Term Debt Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Kearny Financial Corp Short Term Investments account and
Long Term Debt. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Kearny Financial's Short Term Investments and Long Term Debt is 0.54. Overlapping area represents the amount of variation of Short Term Investments that can explain the historical movement of Long Term Debt in the same time period over historical financial statements of Kearny Financial Corp, assuming nothing else is changed. The correlation between historical values of Kearny Financial's Short Term Investments and Long Term Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Short Term Investments of Kearny Financial Corp are associated (or correlated) with its Long Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Long Term Debt has no effect on the direction of Short Term Investments i.e., Kearny Financial's Short Term Investments and Long Term Debt go up and down completely randomly.
Correlation Coefficient | 0.54 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Short Term Investments
Short Term Investments is an item under the current assets section of Kearny Financial balance sheet. It contains any investments Kearny Financial Corp undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that Kearny Financial Corp can easily liquidate in the marketplace.
Long Term Debt
Long-term debt is a debt that Kearny Financial Corp has held for over one year. Long-term debt appears on Kearny Financial Corp 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 Kearny Financial Corp 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.
Most indicators from Kearny Financial's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Kearny Financial Corp 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
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Kearny Financial Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
At this time, Kearny Financial's
Enterprise Value Over EBITDA is fairly stable compared to the past year.
Enterprise Value Multiple is likely to rise to 30.49 in 2024, whereas
Selling General Administrative is likely to drop slightly above 48.2
M in 2024.
Kearny Financial fundamental ratios Correlations
Click cells to compare fundamentals
Kearny Financial Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Kearny Financial fundamental ratios Accounts
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Additional Tools for Kearny Stock Analysis
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