Heart Total Current Assets vs Capital Stock Analysis

HSCS Stock

USD 3.09 0.28 9.96%

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 Total Current Assets and its Capital Stock 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.

Total Current Assets vs Capital Stock

Total Current Assets vs Capital Stock Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Heart Test Laboratories Total Current Assets account and Capital Stock. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Heart Test's Total Current Assets and Capital Stock is -0.44. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Capital Stock 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 Total Current Assets and Capital Stock 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 Current Assets of Heart Test Laboratories are associated (or correlated) with its Capital Stock. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capital Stock has no effect on the direction of Total Current Assets i.e., Heart Test's Total Current Assets and Capital Stock go up and down completely randomly.

Correlation Coefficient

-0.44

Relationship Direction	Negative
Relationship Strength	Very Weak

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Total Current Assets

The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.

Capital Stock

The total amount of a company's capital funded by shareholders through the issue and subscription of shares.

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)
Gross Profit	6.5K	2.4K	12.5K	8.6K
Total Revenue	14.4K	5.2K	18.6K	20.5K

Gross Profit Total Revenue

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 Total Current Assets vs Capital Stock Analysis

Total Current Assets vs Capital Stock

Total Current Assets vs Capital Stock Correlation Analysis

Correlation Coefficient

Total Current Assets

Capital Stock

Heart Test fundamental ratios Correlations

Heart Test Account Relationship Matchups

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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