HEES Current Deferred Revenue vs Cash Analysis

HEES Stock

USD 48.04 0.40 0.83%

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 Current Deferred Revenue and its Cash 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 tightly coupled with the direction of predictive economic indicators such as signals in income.

Current Deferred Revenue vs Cash

Current Deferred Revenue vs Cash Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of HE Equipment Services Current Deferred Revenue account and Cash. At this time, the significance of the direction appears to have weak contrarian relationship.

The correlation between HE Equipment's Current Deferred Revenue and Cash is -0.17. Overlapping area represents the amount of variation of Current Deferred Revenue that can explain the historical movement of Cash 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 Current Deferred Revenue and Cash 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 Deferred Revenue of HE Equipment Services are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Current Deferred Revenue i.e., HE Equipment's Current Deferred Revenue and Cash go up and down completely randomly.

Correlation Coefficient

-0.17

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Current Deferred Revenue

Revenue that has been collected but not yet earned, typically from prepaid service contracts or subscriptions. This amount is considered a liability until the service is provided or the subscription period ends.

Cash

Cash refers to the most liquid asset of HE Equipment Services, which is listed under current asset account on HE Equipment Services balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from HE Equipment customers. The amounts must be unrestricted with restricted cash listed in a different HE Equipment account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.

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 tightly coupled with the direction of predictive economic indicators such as signals in income.

Tax Provision is likely to gain to about 56.6 M in 2024, whereas Selling General Administrative is likely to drop slightly above 217.1 M in 2024.

	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

Gross Profit Total Revenue

HE Equipment fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Stockholder Equity	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Long Term Debt	Cash And Short Term Investments	Good Will	Common Stock Shares Outstanding	Inventory	Total Liab	Total Current Assets	Intangible Assets	Common Stock	Property Plant Equipment	Other Liab	Other Stockholder Equity	Short Long Term Debt Total	Total Current Liabilities	Property Plant And Equipment Net	Current Deferred Revenue
Total Assets		-0.57	0.89	0.96	0.79	0.63	0.27	0.99	-0.27	0.87	0.79	0.27	0.85	0.65	0.48	0.83	0.66	0.47	-0.51	-0.36	0.78	-0.32	0.81	-0.1	0.99	-0.41
Other Current Liab	-0.57		-0.63	-0.53	-0.69	-0.04	0.08	-0.59	-0.14	-0.54	-0.57	0.08	-0.38	0.0	-0.14	-0.24	-0.04	0.0	-0.1	0.21	-0.42	0.48	-0.25	0.33	-0.65	-0.2
Total Stockholder Equity	0.89	-0.63		0.79	0.96	0.57	0.1	0.9	-0.26	0.83	0.67	0.1	0.82	0.5	0.33	0.6	0.43	0.09	-0.36	-0.36	0.63	-0.39	0.55	-0.25	0.91	-0.27
Net Debt	0.96	-0.53	0.79		0.66	0.5	0.1	0.97	-0.22	0.77	0.74	0.1	0.85	0.7	0.61	0.82	0.57	0.63	-0.58	-0.26	0.64	-0.19	0.81	0.12	0.96	-0.5
Retained Earnings	0.79	-0.69	0.96	0.66		0.51	0.04	0.8	-0.26	0.81	0.63	0.04	0.75	0.25	0.18	0.47	0.27	-0.09	-0.11	-0.38	0.57	-0.52	0.44	-0.33	0.83	-0.01
Accounts Payable	0.63	-0.04	0.57	0.5	0.51		0.47	0.56	-0.6	0.6	0.34	0.47	0.54	0.44	0.37	0.68	0.71	0.25	-0.33	-0.44	0.58	-0.1	0.64	-0.27	0.55	-0.26
Cash	0.27	0.08	0.1	0.1	0.04	0.47		0.13	-0.03	0.33	0.34	1.0	0.02	0.24	-0.19	0.42	0.82	0.09	-0.15	-0.24	0.71	-0.25	0.45	-0.51	0.12	-0.17
Non Current Assets Total	0.99	-0.59	0.9	0.97	0.8	0.56	0.13		-0.26	0.85	0.75	0.13	0.87	0.67	0.51	0.79	0.56	0.47	-0.53	-0.34	0.7	-0.28	0.77	-0.03	0.99	-0.44
Non Currrent Assets Other	-0.27	-0.14	-0.26	-0.22	-0.26	-0.6	-0.03	-0.26		-0.28	-0.27	-0.03	-0.28	-0.09	-0.21	-0.33	-0.2	-0.16	0.04	0.12	-0.16	0.25	-0.28	0.12	-0.26	0.0
Other Assets	0.87	-0.54	0.83	0.77	0.81	0.6	0.33	0.85	-0.28		0.63	0.33	0.81	0.38	0.08	0.71	0.54	0.26	-0.2	-0.57	0.8	-0.4	0.71	-0.28	0.86	-0.11
Long Term Debt	0.79	-0.57	0.67	0.74	0.63	0.34	0.34	0.75	-0.27	0.63		0.34	0.62	0.38	0.36	0.65	0.57	0.28	-0.26	0.07	0.67	-0.66	0.67	-0.18	0.76	-0.22
Cash And Short Term Investments	0.27	0.08	0.1	0.1	0.04	0.47	1.0	0.13	-0.03	0.33	0.34		0.02	0.24	-0.19	0.42	0.82	0.09	-0.15	-0.24	0.71	-0.25	0.45	-0.51	0.12	-0.17
Good Will	0.85	-0.38	0.82	0.85	0.75	0.54	0.02	0.87	-0.28	0.81	0.62	0.02		0.52	0.4	0.71	0.41	0.33	-0.39	-0.36	0.56	-0.32	0.7	0.13	0.85	-0.33
Common Stock Shares Outstanding	0.65	0.0	0.5	0.7	0.25	0.44	0.24	0.67	-0.09	0.38	0.38	0.24	0.52		0.58	0.67	0.68	0.63	-0.98	-0.07	0.44	0.29	0.61	0.16	0.59	-0.95
Inventory	0.48	-0.14	0.33	0.61	0.18	0.37	-0.19	0.51	-0.21	0.08	0.36	-0.19	0.4	0.58		0.49	0.33	0.58	-0.59	0.27	0.01	0.21	0.47	0.46	0.48	-0.54
Total Liab	0.83	-0.24	0.6	0.82	0.47	0.68	0.42	0.79	-0.33	0.71	0.65	0.42	0.71	0.67	0.49		0.8	0.7	-0.54	-0.31	0.73	-0.19	0.99	0.01	0.77	-0.49
Total Current Assets	0.66	-0.04	0.43	0.57	0.27	0.71	0.82	0.56	-0.2	0.54	0.57	0.82	0.41	0.68	0.33	0.8		0.49	-0.58	-0.21	0.79	-0.11	0.8	-0.25	0.53	-0.56
Intangible Assets	0.47	0.0	0.09	0.63	-0.09	0.25	0.09	0.47	-0.16	0.26	0.28	0.09	0.33	0.63	0.58	0.7	0.49		-0.6	-0.08	0.26	0.27	0.71	0.37	0.44	-0.56
Common Stock	-0.51	-0.1	-0.36	-0.58	-0.11	-0.33	-0.15	-0.53	0.04	-0.2	-0.26	-0.15	-0.39	-0.98	-0.59	-0.54	-0.58	-0.6		-0.04	-0.28	-0.4	-0.47	-0.22	-0.45	0.99
Property Plant Equipment	-0.36	0.21	-0.36	-0.26	-0.38	-0.44	-0.24	-0.34	0.12	-0.57	0.07	-0.24	-0.36	-0.07	0.27	-0.31	-0.21	-0.08	-0.04		-0.52	0.18	-0.3	0.38	-0.36	-0.09
Other Liab	0.78	-0.42	0.63	0.64	0.57	0.58	0.71	0.7	-0.16	0.8	0.67	0.71	0.56	0.44	0.01	0.73	0.79	0.26	-0.28	-0.52		-0.45	0.74	-0.39	0.71	-0.23
Other Stockholder Equity	-0.32	0.48	-0.39	-0.19	-0.52	-0.1	-0.25	-0.28	0.25	-0.4	-0.66	-0.25	-0.32	0.29	0.21	-0.19	-0.11	0.27	-0.4	0.18	-0.45		-0.23	0.45	-0.33	-0.39
Short Long Term Debt Total	0.81	-0.25	0.55	0.81	0.44	0.64	0.45	0.77	-0.28	0.71	0.67	0.45	0.7	0.61	0.47	0.99	0.8	0.71	-0.47	-0.3	0.74	-0.23		0.02	0.75	-0.43
Total Current Liabilities	-0.1	0.33	-0.25	0.12	-0.33	-0.27	-0.51	-0.03	0.12	-0.28	-0.18	-0.51	0.13	0.16	0.46	0.01	-0.25	0.37	-0.22	0.38	-0.39	0.45	0.02		-0.07	-0.24
Property Plant And Equipment Net	0.99	-0.65	0.91	0.96	0.83	0.55	0.12	0.99	-0.26	0.86	0.76	0.12	0.85	0.59	0.48	0.77	0.53	0.44	-0.45	-0.36	0.71	-0.33	0.75	-0.07		-0.35
Current Deferred Revenue	-0.41	-0.2	-0.27	-0.5	-0.01	-0.26	-0.17	-0.44	0.0	-0.11	-0.22	-0.17	-0.33	-0.95	-0.54	-0.49	-0.56	-0.56	0.99	-0.09	-0.23	-0.39	-0.43	-0.24	-0.35

Click cells to compare fundamentals

HE Equipment Account Relationship Matchups

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

0.76

VSTS

Vestis

Pair Corr

Moving against HEES Stock

0.66	WLFC	Willis Lease Finance	Pair Corr
0.66	GSL	Global Ship Lease	Pair Corr
0.5	R	Ryder System	Pair Corr

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.

Pair Correlation Correlation Matching

When determining whether HE Equipment Services is a strong investment it is important to analyze HE Equipment's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact HE Equipment's future performance. For an informed investment choice regarding HEES Stock, refer to the following important reports:

How To Invest In HEES

Details

Is HEES Stock a good investment?

Details

What is HE Equipment's Net Worth?

Details

Largest Trading Companies & Distributors Companies

View

Largest Rental & Leasing Services Companies

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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 tightly coupled with the direction of predictive economic indicators such as signals in income.

Note that the HE Equipment Services information on this page should be used as a complementary analysis to other HE Equipment's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.

Complementary 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.

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Is HE Equipment'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 HE Equipment. If investors know HEES 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 HE Equipment listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Dividend Share

1.1

Earnings Share

4.66

Revenue Per Share

42.003

Quarterly Revenue Growth

0.152

Return On Assets

0.0685

The market value of HE Equipment Services is measured differently than its book value, which is the value of HEES that is recorded on the company's balance sheet. Investors also form their own opinion of HE Equipment's value that differs from its market value or its book value, called intrinsic value, which is HE Equipment'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 HE Equipment's market value can be influenced by many factors that don't directly affect HE Equipment'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 HE Equipment's value and its price as these two are different measures arrived at by different means. Investors typically determine if HE Equipment is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, HE Equipment'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.

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HEES Current Deferred Revenue vs Cash Analysis

Current Deferred Revenue vs Cash

Current Deferred Revenue vs Cash Correlation Analysis

Correlation Coefficient

Current Deferred Revenue

Cash

HE Equipment fundamental ratios Correlations

HE Equipment Account Relationship Matchups

High Positive Relationship

High Negative Relationship

HE Equipment fundamental ratios Accounts

Pair Trading with HE Equipment

Moving together with HEES Stock

Moving against HEES Stock

Complementary Tools for HEES Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cash And Short Term Investments	+ 1.0	Cash
Non Current Assets Total	+ 0.99	Total Assets
Property Plant And Equipment Net	+ 0.99	Total Assets
Property Plant And Equipment Net	+ 0.99	Non Current Assets Total
Short Long Term Debt Total	+ 0.99	Total Liab
Current Deferred Revenue	+ 0.99	Common Stock

Common Stock	- 0.98	Common Stock Shares Outstanding
Current Deferred Revenue	- 0.95	Common Stock Shares Outstanding
Retained Earnings	- 0.69	Other Current Liab
Other Stockholder Equity	- 0.66	Long Term Debt
Property Plant And Equipment Net	- 0.65	Other Current Liab
Total Stockholder Equity	- 0.63	Other Current Liab