HEES Net Invested Capital vs Accounts Payable Analysis
HEES Stock | USD 49.27 0.51 1.02% |
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 Net Invested Capital and its Accounts Payable 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.
Net Invested Capital vs Accounts Payable
Net Invested Capital vs Accounts Payable Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of HE Equipment Services Net Invested Capital account and Accounts Payable. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between HE Equipment's Net Invested Capital and Accounts Payable is 0.58. Overlapping area represents the amount of variation of Net Invested Capital that can explain the historical movement of Accounts Payable 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 Net Invested Capital and Accounts Payable 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 HE Equipment Services are associated (or correlated) with its Accounts Payable. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Accounts Payable has no effect on the direction of Net Invested Capital i.e., HE Equipment's Net Invested Capital and Accounts Payable go up and down completely randomly.
Correlation Coefficient | 0.58 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Net Invested Capital
The total amount of capital invested in a company, including both equity and debt, minus any cash or cash equivalents.Accounts Payable
An accounting item on the balance sheet that represents HE Equipment obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of HE Equipment Services are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.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 |
HE Equipment fundamental ratios Correlations
Click cells to compare fundamentals
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 | 110.6M | |
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 |
HE Equipment Investors Sentiment
The influence of HE Equipment'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 HEES. 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 HE Equipment's public news can be used to forecast risks associated with an investment in HEES. The trend in average sentiment can be used to explain how an investor holding HEES can time the market purely based on public headlines and social activities around HE Equipment Services. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
HE Equipment'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 HE Equipment'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 HE Equipment's news discussions. The higher the estimated score, the more favorable is the investor's outlook on HE Equipment.
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 HE Equipment 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, HE Equipment's short interest history, or implied volatility extrapolated from HE Equipment options trading.
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Try AI Portfolio ArchitectCheck 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 Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.
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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.