HEES Short Long Term Debt Total vs Accounts Payable Analysis
HEES Stock | USD 48.47 0.90 1.89% |
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 Short Long Term Debt Total 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.
Short Long Term Debt Total vs Accounts Payable
Short Long Term Debt Total 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 Short Long Term Debt Total account and Accounts Payable. At this time, the significance of the direction appears to have strong relationship.
The correlation between HE Equipment's Short Long Term Debt Total and Accounts Payable is 0.64. Overlapping area represents the amount of variation of Short Long Term Debt Total 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 Short Long Term Debt Total 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 Short Long Term Debt Total 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 Short Long Term Debt Total i.e., HE Equipment's Short Long Term Debt Total and Accounts Payable go up and down completely randomly.
Correlation Coefficient | 0.64 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Short Long Term Debt Total
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 | 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
0.79 | VSTS | Vestis | PairCorr |
Moving against HEES Stock
0.7 | WLFC | Willis Lease Finance | PairCorr |
0.7 | GSL | Global Ship Lease | PairCorr |
0.55 | R | Ryder System | PairCorr |
0.46 | FTAI | Fortress Transp Infra | PairCorr |
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.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 Latest Portfolios module to quick portfolio dashboard that showcases your latest portfolios.
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.
Portfolio Optimization Compute new portfolio that will generate highest expected return given your specified tolerance for risk | |
Aroon Oscillator Analyze current equity momentum using Aroon Oscillator and other momentum ratios | |
Money Managers Screen money managers from public funds and ETFs managed around the world | |
Equity Valuation Check real value of public entities based on technical and fundamental data | |
Portfolio Volatility Check portfolio volatility and analyze historical return density to properly model market risk | |
Earnings Calls Check upcoming earnings announcements updated hourly across public exchanges | |
Global Markets Map Get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes | |
USA ETFs Find actively traded Exchange Traded Funds (ETF) in USA | |
Stock Screener Find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook. | |
Risk-Return Analysis View associations between returns expected from investment and the risk you assume |
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.