HEES Total Stockholder Equity vs Net Debt Analysis
HEES Stock | USD 47.45 4.48 10.43% |
HE Equipment financial indicator trend analysis is much more than just examining HE Equipment Services latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether HE Equipment Services is a good investment. Please check the relationship between HE Equipment Total Stockholder Equity and its Net Debt accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in HE Equipment Services. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.
Total Stockholder Equity vs Net Debt
Total Stockholder Equity vs Net Debt Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of HE Equipment Services Total Stockholder Equity account and Net Debt. At this time, the significance of the direction appears to have strong relationship.
The correlation between HE Equipment's Total Stockholder Equity and Net Debt is 0.79. Overlapping area represents the amount of variation of Total Stockholder Equity that can explain the historical movement of Net Debt in the same time period over historical financial statements of HE Equipment Services, assuming nothing else is changed. The correlation between historical values of HE Equipment's Total Stockholder Equity and Net 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 Total Stockholder Equity of HE Equipment Services are associated (or correlated) with its Net Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Debt has no effect on the direction of Total Stockholder Equity i.e., HE Equipment's Total Stockholder Equity and Net Debt go up and down completely randomly.
Correlation Coefficient | 0.79 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Total Stockholder Equity
The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.Net Debt
The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.Most indicators from HE Equipment's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into HE Equipment Services 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 HE Equipment Services. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income. At this time, HE Equipment's Tax Provision is comparatively stable compared to the past year. Enterprise Value Over EBITDA is likely to gain to 8.57 in 2024, despite the fact that Discontinued Operations is likely to grow to (1.3 M).
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 415.4M | 555.2M | 684.5M | 718.7M | Total Revenue | 1.1B | 1.2B | 1.5B | 980.4M |
HE Equipment fundamental ratios Correlations
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HE Equipment Account Relationship Matchups
High Positive Relationship
High Negative Relationship
HE Equipment fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 2.0B | 2.0B | 2.1B | 2.3B | 2.6B | 2.8B | |
Other Current Liab | 68.9M | 42.3M | 9.6M | 61.2M | (109.9M) | (104.4M) | |
Total Stockholder Equity | 307.5M | 238.2M | 303.4M | 401.0M | 534.3M | 561.0M | |
Net Debt | 1.3B | 1.1B | 1.1B | 1.3B | 1.6B | 1.7B | |
Retained Earnings | 136.1M | 63.8M | 126.6M | 218.7M | 348.0M | 365.4M | |
Accounts Payable | 58.9M | 89.3M | 95.6M | 129.5M | 85.5M | 72.4M | |
Cash | 14.2M | 310.9M | 357.3M | 81.3M | 8.5M | 8.1M | |
Non Current Assets Total | 1.7B | 1.4B | 1.5B | 1.9B | 2.3B | 2.4B | |
Non Currrent Assets Other | 2.9M | 2.2M | 1.5M | (270.4M) | 4.6M | 3.6M | |
Other Assets | 1.2B | 1.2B | 1.3B | 1.4B | 1.7B | 1.7B | |
Long Term Debt | 945.6M | 1.2B | 1.3B | 1.2B | 1.4B | 1.5B | |
Cash And Short Term Investments | 14.2M | 310.9M | 357.3M | 81.3M | 8.5M | 8.1M | |
Good Will | 131.4M | 68.9M | 63.1M | 102.7M | 108.2M | 113.6M | |
Common Stock Shares Outstanding | 36.0M | 36.1M | 36.5M | 36.1M | 36.3M | 36.2M | |
Liabilities And Stockholders Equity | 2.0B | 2.0B | 2.1B | 2.3B | 2.6B | 2.8B | |
Inventory | 85.5M | 72.5M | 75.3M | 107.8M | 109.9M | 95.9M | |
Total Liab | 1.7B | 1.7B | 1.8B | 1.9B | 2.1B | 1.1B | |
Total Current Assets | 302.2M | 572.6M | 610.9M | 435.9M | 374.6M | 292.4M | |
Intangible Assets | 32.9M | 29.0M | 25.0M | 32.6M | 32.6M | 20.3M | |
Common Stock | 398K | 401K | 403K | 405K | 408K | 394.4K | |
Property Plant Equipment | 130.6M | 116.7M | 112.3M | 134.6M | 121.2M | 115.1M | |
Other Liab | 194.0M | 491.9M | 527.1M | 287.0M | 330.1M | 346.6M | |
Other Stockholder Equity | 171.1M | 174.0M | 176.3M | 181.9M | 185.9M | 176.6M | |
Short Long Term Debt Total | 1.3B | 1.4B | 1.4B | 1.4B | 1.6B | 855.6M | |
Total Current Liabilities | 348.6M | 145.6M | 155.4M | 197.8M | 166.8M | 191.8M | |
Property Plant And Equipment Net | 1.5B | 1.3B | 1.4B | 1.7B | 2.1B | 2.2B | |
Current Deferred Revenue | 4.0M | 4.4M | 5.2M | 6.7M | 6.8M | 7.7M | |
Net Receivables | 192.2M | 178.9M | 157.2M | 225.3M | 247.4M | 158.2M | |
Non Current Liabilities Total | 1.3B | 1.6B | 1.6B | 1.7B | 1.9B | 2.0B | |
Other Current Assets | 10.3M | 10.4M | 21.1M | 21.5M | 8.7M | 9.4M | |
Property Plant And Equipment Gross | 1.5B | 1.3B | 2.3B | 2.8B | 3.4B | 3.5B | |
Short Term Debt | 216.9M | 9.6M | 45.1M | 422K | 184.4M | 112.6M | |
Common Stock Total Equity | 398K | 401K | 403K | 405K | 465.8K | 430.7K | |
Treasury Stock | (64.8M) | (66.2M) | (68.3M) | (70.0M) | (63.0M) | (66.1M) | |
Net Tangible Assets | 143.1M | 140.4M | 215.3M | 265.7M | 305.6M | 169.2M | |
Retained Earnings Total Equity | 136.1M | 63.8M | 126.6M | 218.7M | 251.5M | 264.1M | |
Capital Surpluse | 235.8M | 240.2M | 244.6M | 251.9M | 289.7M | 253.2M | |
Deferred Long Term Liab | 182.2M | 171.0M | 201.2M | 271.2M | 311.8M | 327.4M |
Pair Trading with HE Equipment
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 HE Equipment 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 HE Equipment will appreciate offsetting losses from the drop in the long position's value.Moving together with HEES Stock
Moving against HEES Stock
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The ability to find closely correlated positions to HE Equipment could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace HE Equipment 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 HE Equipment - 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 HE Equipment Services to buy it.
The correlation of HE Equipment 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 HE Equipment moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if HE Equipment Services 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 HE Equipment 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.Additional Tools for HEES Stock Analysis
When running HE Equipment's price analysis, check to measure HE Equipment'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 HE Equipment is operating at the current time. Most of HE Equipment's value examination focuses on studying past and present price action to predict the probability of HE Equipment's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move HE Equipment's price. Additionally, you may evaluate how the addition of HE Equipment to your portfolios can decrease your overall portfolio volatility.