Heart Net Invested Capital vs Total Assets Analysis

HSCS Stock

USD 3.16 0.07 2.27%

Heart Test financial indicator trend analysis is much more than just examining Heart Test Laboratories latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Heart Test Laboratories is a good investment. Please check the relationship between Heart Test Net Invested Capital and its Total Assets accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Heart Test Laboratories. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

Net Invested Capital vs Total Assets

Net Invested Capital vs Total Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Heart Test Laboratories Net Invested Capital account and Total Assets. At this time, the significance of the direction appears to have totally related.

The correlation between Heart Test's Net Invested Capital and Total Assets is 0.99. Overlapping area represents the amount of variation of Net Invested Capital that can explain the historical movement of Total Assets in the same time period over historical financial statements of Heart Test Laboratories, assuming nothing else is changed. The correlation between historical values of Heart Test's Net Invested Capital and Total Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Invested Capital of Heart Test Laboratories are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Net Invested Capital i.e., Heart Test's Net Invested Capital and Total Assets go up and down completely randomly.

Correlation Coefficient

0.99

Relationship Direction	Positive
Relationship Strength	Very Strong

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Net Invested Capital

The total amount of capital invested in a company, including both equity and debt, minus any cash or cash equivalents.

Total Assets

Total assets refers to the total amount of Heart Test 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 Heart Test Laboratories 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.

Most indicators from Heart Test's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Heart Test Laboratories 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 Heart Test Laboratories. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

At this time, Heart Test's Issuance Of Capital Stock is comparatively stable compared to the past year. Enterprise Value Over EBITDA is likely to gain to 0.25 in 2024, whereas Selling General Administrative is likely to drop slightly above 2.5 M in 2024.

	2021	2022	2023	2024 (projected)
Interest Expense	371.6K	243.2K	354.1K	242.9K
Depreciation And Amortization	26.6K	26.9K	95.1K	58.5K

Interest Expense Depreciation And Amortization

Heart Test fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Net Tangible Assets	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Long Term Debt	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Capital Lease Obligations	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Net Invested Capital	Property Plant And Equipment Gross
Total Assets		0.01	-0.06	0.33	0.85	0.12	0.41	0.68	-0.83	-0.93	0.37	1.0	0.99	0.37	-0.07	1.0	0.99	-0.59	-0.17	0.57	-0.81	-0.67	0.88	0.18	0.99	0.65
Short Long Term Debt Total	0.01		0.91	0.88	-0.51	-0.98	-0.75	0.55	0.54	-0.24	0.7	0.06	-0.11	0.72	0.98	0.06	-0.12	-0.65	0.97	-0.51	-0.51	-0.19	-0.02	0.98	-0.09	-0.5
Other Current Liab	-0.06	0.91		0.9	-0.55	-0.94	-0.69	0.49	0.56	-0.15	0.72	-0.02	-0.17	0.5	0.87	-0.02	-0.19	-0.43	0.88	-0.49	-0.37	-0.38	-0.05	0.89	-0.17	-0.49
Total Current Liabilities	0.33	0.88	0.9		-0.2	-0.83	-0.43	0.79	0.21	-0.56	0.91	0.37	0.22	0.71	0.79	0.37	0.22	-0.72	0.78	-0.16	-0.73	-0.64	0.33	0.94	0.21	-0.13
Total Stockholder Equity	0.85	-0.51	-0.55	-0.2		0.62	0.7	0.25	-1.0	-0.65	-0.09	0.82	0.91	-0.09	-0.58	0.82	0.9	-0.15	-0.66	0.7	-0.41	-0.43	0.72	-0.36	0.9	0.77
Net Tangible Assets	0.12	-0.98	-0.94	-0.83	0.62		0.81	-0.45	-0.64	0.09	-0.6	0.07	0.23	-0.62	-0.99	0.07	0.25	0.52	-0.98	0.59	0.37	0.12	0.11	-0.92	0.21	0.59
Property Plant And Equipment Net	0.41	-0.75	-0.69	-0.43	0.7	0.81		0.12	-0.76	-0.35	-0.11	0.38	0.48	-0.16	-0.79	0.38	0.53	0.06	-0.76	0.95	-0.09	-0.34	0.59	-0.63	0.43	0.94
Current Deferred Revenue	0.68	0.55	0.49	0.79	0.25	-0.45	0.12		-0.27	-0.88	0.85	0.72	0.59	0.85	0.48	0.72	0.63	-0.91	0.46	0.42	-0.94	-0.76	0.81	0.67	0.58	0.44
Net Debt	-0.83	0.54	0.56	0.21	-1.0	-0.64	-0.76	-0.27		0.65	0.07	-0.8	-0.89	0.08	0.61	-0.8	-0.9	0.15	0.68	-0.76	0.4	0.46	-0.75	0.39	-0.88	-0.82
Retained Earnings	-0.93	-0.24	-0.15	-0.56	-0.65	0.09	-0.35	-0.88	0.65		-0.66	-0.94	-0.88	-0.63	-0.14	-0.94	-0.91	0.8	-0.09	-0.58	0.95	0.77	-0.9	-0.42	-0.87	-0.64
Accounts Payable	0.37	0.7	0.72	0.91	-0.09	-0.6	-0.11	0.85	0.07	-0.66		0.41	0.26	0.74	0.58	0.41	0.3	-0.74	0.61	0.16	-0.77	-0.75	0.45	0.81	0.23	0.17
Cash	1.0	0.06	-0.02	0.37	0.82	0.07	0.38	0.72	-0.8	-0.94	0.41		0.98	0.42	-0.02	1.0	0.98	-0.64	-0.11	0.56	-0.84	-0.68	0.89	0.23	0.98	0.64
Non Current Assets Total	0.99	-0.11	-0.17	0.22	0.91	0.23	0.48	0.59	-0.89	-0.88	0.26	0.98		0.25	-0.19	0.98	0.99	-0.49	-0.29	0.59	-0.73	-0.63	0.86	0.06	1.0	0.68
Non Currrent Assets Other	0.37	0.72	0.5	0.71	-0.09	-0.62	-0.16	0.85	0.08	-0.63	0.74	0.42	0.25		0.7	0.42	0.3	-0.97	0.71	0.14	-0.82	-0.33	0.51	0.77	0.26	0.15
Long Term Debt	-0.07	0.98	0.87	0.79	-0.58	-0.99	-0.79	0.48	0.61	-0.14	0.58	-0.02	-0.19	0.7		-0.02	-0.2	-0.61	0.99	-0.56	-0.42	-0.06	-0.06	0.92	-0.16	-0.56
Cash And Short Term Investments	1.0	0.06	-0.02	0.37	0.82	0.07	0.38	0.72	-0.8	-0.94	0.41	1.0	0.98	0.42	-0.02		0.98	-0.64	-0.11	0.56	-0.84	-0.68	0.89	0.23	0.98	0.64
Net Receivables	0.99	-0.12	-0.19	0.22	0.9	0.25	0.53	0.63	-0.9	-0.91	0.3	0.98	0.99	0.3	-0.2	0.98		-0.53	-0.29	0.66	-0.76	-0.65	0.89	0.05	0.99	0.74
Common Stock Shares Outstanding	-0.59	-0.65	-0.43	-0.72	-0.15	0.52	0.06	-0.91	0.15	0.8	-0.74	-0.64	-0.49	-0.97	-0.61	-0.64	-0.53		-0.58	-0.25	0.93	0.45	-0.66	-0.73	-0.5	-0.27
Non Current Liabilities Total	-0.17	0.97	0.88	0.78	-0.66	-0.98	-0.76	0.46	0.68	-0.09	0.61	-0.11	-0.29	0.71	0.99	-0.11	-0.29	-0.58		-0.53	-0.38	-0.05	-0.11	0.91	-0.27	-0.54
Capital Lease Obligations	0.57	-0.51	-0.49	-0.16	0.7	0.59	0.95	0.42	-0.76	-0.58	0.16	0.56	0.59	0.14	-0.56	0.56	0.66	-0.25	-0.53		-0.37	-0.51	0.78	-0.37	0.55	0.99
Inventory	-0.81	-0.51	-0.37	-0.73	-0.41	0.37	-0.09	-0.94	0.4	0.95	-0.77	-0.84	-0.73	-0.82	-0.42	-0.84	-0.76	0.93	-0.38	-0.37		0.68	-0.79	-0.65	-0.73	-0.43
Other Current Assets	-0.67	-0.19	-0.38	-0.64	-0.43	0.12	-0.34	-0.76	0.46	0.77	-0.75	-0.68	-0.63	-0.33	-0.06	-0.68	-0.65	0.45	-0.05	-0.51	0.68		-0.73	-0.36	-0.59	-0.55
Other Stockholder Equity	0.88	-0.02	-0.05	0.33	0.72	0.11	0.59	0.81	-0.75	-0.9	0.45	0.89	0.86	0.51	-0.06	0.89	0.89	-0.66	-0.11	0.78	-0.79	-0.73		0.13	0.84	0.82
Total Liab	0.18	0.98	0.89	0.94	-0.36	-0.92	-0.63	0.67	0.39	-0.42	0.81	0.23	0.06	0.77	0.92	0.23	0.05	-0.73	0.91	-0.37	-0.65	-0.36	0.13		0.07	-0.34
Net Invested Capital	0.99	-0.09	-0.17	0.21	0.9	0.21	0.43	0.58	-0.88	-0.87	0.23	0.98	1.0	0.26	-0.16	0.98	0.99	-0.5	-0.27	0.55	-0.73	-0.59	0.84	0.07		0.64
Property Plant And Equipment Gross	0.65	-0.5	-0.49	-0.13	0.77	0.59	0.94	0.44	-0.82	-0.64	0.17	0.64	0.68	0.15	-0.56	0.64	0.74	-0.27	-0.54	0.99	-0.43	-0.55	0.82	-0.34	0.64

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Heart Net Invested Capital vs Total Assets Analysis

Net Invested Capital vs Total Assets

Net Invested Capital vs Total Assets Correlation Analysis

Correlation Coefficient

Net Invested Capital

Total Assets

Heart Test fundamental ratios Correlations

Heart Test Account Relationship Matchups

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Additional Tools for Heart Stock Analysis

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Cash	+ 1.0	Total Assets
Cash And Short Term Investments	+ 1.0	Total Assets
Cash And Short Term Investments	+ 1.0	Cash
Net Invested Capital	+ 1.0	Non Current Assets Total
Non Current Assets Total	+ 0.99	Total Assets
Net Receivables	+ 0.99	Total Assets

Net Debt	- 1.0	Total Stockholder Equity
Long Term Debt	- 0.99	Net Tangible Assets
Non Current Liabilities Total	- 0.98	Net Tangible Assets
Net Tangible Assets	- 0.98	Short Long Term Debt Total
Common Stock Shares Outstanding	- 0.97	Non Currrent Assets Other
Cash And Short Term Investments	- 0.94	Retained Earnings