DINO Current Ratio vs Interest Coverage Analysis
DINO Stock | USD 56.67 1.06 1.84% |
HF Sinclair financial indicator trend analysis is much more than just examining HF Sinclair Corp latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether HF Sinclair Corp is a good investment. Please check the relationship between HF Sinclair Current Ratio and its Interest Coverage accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in HF Sinclair Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.
Current Ratio vs Interest Coverage
Current Ratio vs Interest Coverage Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of HF Sinclair Corp Current Ratio account and Interest Coverage. At this time, the significance of the direction appears to have no relationship.
The correlation between HF Sinclair's Current Ratio and Interest Coverage is 0.06. Overlapping area represents the amount of variation of Current Ratio that can explain the historical movement of Interest Coverage in the same time period over historical financial statements of HF Sinclair Corp, assuming nothing else is changed. The correlation between historical values of HF Sinclair's Current Ratio and Interest Coverage is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Current Ratio of HF Sinclair Corp are associated (or correlated) with its Interest Coverage. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Interest Coverage has no effect on the direction of Current Ratio i.e., HF Sinclair's Current Ratio and Interest Coverage go up and down completely randomly.
Correlation Coefficient | 0.06 |
Relationship Direction | Positive |
Relationship Strength | Insignificant |
Current Ratio
A liquidity ratio that measures a company's ability to pay short-term obligations or those due within one year. It compares a firm's current assets to its current liabilities.Interest Coverage
Most indicators from HF Sinclair's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into HF Sinclair 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in HF Sinclair Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. At this time, HF Sinclair's Selling General Administrative is very stable compared to the past year. As of the 13th of May 2024, Tax Provision is likely to grow to about 702.3 M, while Sales General And Administrative To Revenue is likely to drop 0.01.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 125.2M | 175.6M | 190.8M | 200.3M | Depreciation And Amortization | 503.5M | 29.9M | 770.6M | 809.1M |
HF Sinclair fundamental ratios Correlations
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HF Sinclair Account Relationship Matchups
High Positive Relationship
High Negative Relationship
HF Sinclair fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 12.2B | 11.5B | 12.9B | 18.1B | 17.7B | 18.6B | |
Short Long Term Debt Total | 2.9B | 3.5B | 3.5B | 3.6B | 3.1B | 3.3B | |
Other Current Liab | 366.0M | 276.3M | 341.4M | (767.6M) | 461.8M | 484.9M | |
Total Current Liabilities | 1.7B | 1.4B | 2.1B | 3.2B | 2.8B | 2.9B | |
Total Stockholder Equity | 6.0B | 5.7B | 6.3B | 10.0B | 10.2B | 10.7B | |
Property Plant And Equipment Net | 5.3B | 4.9B | 5.8B | 7.0B | 7.0B | 7.3B | |
Net Debt | 2.0B | 2.2B | 3.3B | 2.0B | 1.7B | 1.8B | |
Retained Earnings | 4.7B | 3.9B | 4.4B | 4.1B | 5.4B | 5.6B | |
Cash | 885.2M | 1.4B | 234.4M | 1.7B | 1.4B | 1.4B | |
Non Current Assets Total | 8.9B | 8.2B | 9.2B | 11.4B | 11.6B | 12.1B | |
Non Currrent Assets Other | 821.4M | 643.7M | 751.0M | (367.0M) | 1.2B | 1.3B | |
Cash And Short Term Investments | 885.2M | 1.4B | 234.4M | 1.7B | 1.4B | 1.4B | |
Net Receivables | 885.2M | 721.4M | 1.3B | 1.8B | 1.8B | 1.9B | |
Common Stock Shares Outstanding | 167.4M | 162.0M | 162.6M | 202.6M | 190.0M | 161.5M | |
Liabilities And Stockholders Equity | 12.2B | 11.5B | 12.9B | 18.1B | 17.7B | 18.6B | |
Non Current Liabilities Total | 4.0B | 4.4B | 4.6B | 4.9B | 4.7B | 4.9B | |
Inventory | 1.5B | 1.2B | 2.1B | 3.2B | 2.9B | 3.1B | |
Other Current Assets | 61.7M | 47.6M | 66.6M | 112.0M | 89.2M | 93.7M | |
Other Stockholder Equity | 1.2B | 1.8B | 1.9B | 5.9B | 4.8B | 5.0B | |
Total Liab | 5.7B | 5.8B | 6.6B | 8.1B | 7.5B | 7.9B | |
Total Current Assets | 3.3B | 3.3B | 3.8B | 6.7B | 6.1B | 6.5B | |
Short Term Debt | 104.4M | 97.9M | 110.6M | 416.9M | 107.0M | 101.6M | |
Accounts Payable | 1.2B | 1.0B | 1.6B | 2.3B | 2.2B | 2.3B | |
Property Plant And Equipment Gross | 5.3B | 4.9B | 8.8B | 10.5B | 10.9B | 11.4B | |
Accumulated Other Comprehensive Income | 14.8M | 13.5M | 2.7M | (22.0M) | (11.8M) | (12.4M) | |
Other Assets | 821.4M | 643.7M | 9.7B | 895.2M | 1.0B | 752.5M | |
Long Term Debt | 2.5B | 3.1B | 3.1B | 2.9B | 2.7B | 1.5B | |
Treasury Stock | (2.5B) | (3.0B) | (3.0B) | (3.0B) | (2.7B) | (2.5B) | |
Property Plant Equipment | 4.8B | 4.9B | 5.8B | 7.0B | 8.1B | 8.5B | |
Other Liab | 1.1B | 975.9M | 1.1B | 1.6B | 1.9B | 1.9B | |
Intangible Assets | 373.5M | 334.8M | 299.1M | 463.7M | 410.6M | 431.2M | |
Good Will | 2.4B | 2.3B | 2.3B | 3.0B | 3.0B | 2.2B | |
Net Tangible Assets | 6.3B | 5.5B | 6.0B | 5.8B | 6.7B | 5.8B | |
Noncontrolling Interest In Consolidated Entity | 540.5M | 531.2M | 553.8M | 606.6M | 545.9M | 462.3M | |
Retained Earnings Total Equity | 4.2B | 4.7B | 3.9B | 4.4B | 5.1B | 3.6B |
HF Sinclair Investors Sentiment
The influence of HF Sinclair's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in DINO. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to HF Sinclair's public news can be used to forecast risks associated with an investment in DINO. The trend in average sentiment can be used to explain how an investor holding DINO can time the market purely based on public headlines and social activities around HF Sinclair Corp. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
HF Sinclair's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for HF Sinclair's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average HF Sinclair's news discussions. The higher the estimated score, the more favorable is the investor's outlook on HF Sinclair.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards HF Sinclair in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, HF Sinclair's short interest history, or implied volatility extrapolated from HF Sinclair options trading.
Pair Trading with HF Sinclair
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 HF Sinclair 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 HF Sinclair will appreciate offsetting losses from the drop in the long position's value.Moving together with DINO Stock
0.79 | DK | Delek Energy | PairCorr |
0.89 | CVI | CVR Energy | PairCorr |
Moving against DINO Stock
0.65 | SGU | Star Gas Partners | PairCorr |
The ability to find closely correlated positions to HF Sinclair could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace HF Sinclair when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back HF Sinclair - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling HF Sinclair Corp to buy it.
The correlation of HF Sinclair is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as HF Sinclair moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if HF Sinclair Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for HF Sinclair can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in HF Sinclair Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Funds Screener module to find actively-traded funds from around the world traded on over 30 global exchanges.
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When running HF Sinclair's price analysis, check to measure HF Sinclair's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy HF Sinclair is operating at the current time. Most of HF Sinclair's value examination focuses on studying past and present price action to predict the probability of HF Sinclair's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move HF Sinclair's price. Additionally, you may evaluate how the addition of HF Sinclair to your portfolios can decrease your overall portfolio volatility.
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Is HF Sinclair's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of HF Sinclair. If investors know DINO will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about HF Sinclair listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.12) | Dividend Share 1.85 | Earnings Share 8.07 | Revenue Per Share 164.664 | Quarterly Revenue Growth (0.07) |
The market value of HF Sinclair Corp is measured differently than its book value, which is the value of DINO that is recorded on the company's balance sheet. Investors also form their own opinion of HF Sinclair's value that differs from its market value or its book value, called intrinsic value, which is HF Sinclair's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because HF Sinclair's market value can be influenced by many factors that don't directly affect HF Sinclair's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between HF Sinclair's value and its price as these two are different measures arrived at by different means. Investors typically determine if HF Sinclair is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, HF Sinclair's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.