Hess Historical Balance Sheet
HES Stock | USD 151.33 3.28 2.12% |
Trend analysis of Hess Corporation balance sheet accounts such as Other Current Liabilities of 2.3 B or Total Current Liabilities of 3.8 B provides information on Hess' total assets, liabilities, and equity, which is the actual value of Hess to its prevalent stockholders. By breaking down trends over time using Hess balance sheet statements, investors will see what precisely the company owns and what it owes to creditors or other parties at the end of each accounting year.
Financial Statement Analysis is much more than just reviewing and examining Hess latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Hess is a good buy for the upcoming year.
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About Hess Balance Sheet Analysis
Balance Sheet is a snapshot of the financial position of Hess at a specified time, usually calculated after every quarter, six months, or one year. Hess Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Hess and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Hess currently owns. An asset can also be divided into two categories, current and non-current.
Hess Balance Sheet Chart
Hess Balance Sheet is one of the main financial statements that report all assets, liabilities, and shareholders' equity for the current year. It provides a basis for different types of computing rates of return, such as return on equity (ROE) or return on asset (ROA), as well as shows how Hess uses and utilizes its capital. It also shows what exactly a company owns and owes.
At this time, Hess' Other Liabilities is comparatively stable compared to the past year. Additional Paid In Capital is likely to gain to about 12.3 B in 2024, whereas Short and Long Term Debt Total is likely to drop slightly above 5.1 B in 2024. Add Fundamental
Total Assets
Total assets refers to the total amount of Hess 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 Hess 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.Total Current Liabilities
Total Current Liabilities is an item on Hess balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Hess Corporation are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.Total Stockholder Equity
The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.Accounts Payable
An accounting item on the balance sheet that represents Hess 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 Hess 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 accounts from Hess' balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts one by one will only give a small insight into Hess current financial condition. On the other hand, looking into the entire matrix of balance sheet accounts, 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 Hess Corporation. 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. At this time, Hess' Other Liabilities is comparatively stable compared to the past year. Additional Paid In Capital is likely to gain to about 12.3 B in 2024, whereas Short and Long Term Debt Total is likely to drop slightly above 5.1 B in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Short and Long Term Debt Total | 9.1B | 9.2B | 9.6B | 5.1B | Total Assets | 20.5B | 21.7B | 24.0B | 20.3B |
Hess balance sheet Correlations
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Hess Account Relationship Matchups
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Hess balance sheet Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 21.8B | 18.8B | 20.5B | 21.7B | 24.0B | 20.3B | |
Short Long Term Debt Total | 7.9B | 9.1B | 9.1B | 9.2B | 9.6B | 5.1B | |
Other Current Liab | 2.3B | 1.5B | 2.5B | 1.6B | 2.6B | 2.3B | |
Total Current Liabilities | 2.5B | 1.6B | 3.1B | 2.3B | 3.3B | 3.8B | |
Total Stockholder Equity | 8.7B | 5.4B | 6.3B | 8.0B | 9.0B | 8.8B | |
Property Plant And Equipment Net | 17.6B | 14.7B | 14.7B | 15.8B | 18.3B | 13.4B | |
Net Debt | 6.4B | 7.3B | 6.4B | 6.7B | 7.9B | 4.1B | |
Retained Earnings | 3.5B | 130M | 379M | 1.5B | 2.3B | 2.2B | |
Cash | 1.5B | 1.7B | 2.7B | 2.5B | 1.7B | 1.1B | |
Non Current Assets Total | 18.6B | 15.7B | 16.2B | 17.8B | 20.6B | 15.8B | |
Non Currrent Assets Other | 1.1B | 1.0B | 1.5B | 1.5B | 2.3B | 2.4B | |
Cash And Short Term Investments | 1.5B | 1.7B | 2.7B | 2.5B | 1.7B | 1.1B | |
Net Receivables | 1.2B | 860M | 1.2B | 1.2B | 1.3B | 2.1B | |
Common Stock Shares Outstanding | 301.2M | 304.8M | 309.3M | 309.6M | 307.6M | 318.7M | |
Liabilities And Stockholders Equity | 21.8B | 18.8B | 20.5B | 21.7B | 24.0B | 20.3B | |
Non Current Liabilities Total | 9.6B | 10.9B | 10.4B | 10.8B | 11.1B | 7.5B | |
Inventory | 261M | 378M | 223M | 217M | 304M | 288.8M | |
Other Current Assets | 1.6B | 1.3B | 1.6B | 1.4B | 108M | 102.6M | |
Other Stockholder Equity | 5.6B | 5.7B | 6.0B | 6.3B | 6.5B | 6.8B | |
Total Liab | 12.1B | 12.5B | 13.5B | 13.1B | 14.4B | 11.3B | |
Total Current Assets | 3.2B | 3.1B | 4.3B | 3.9B | 3.4B | 4.5B | |
Short Term Debt | 199M | 91M | 606M | 224M | 681M | 715.1M | |
Accounts Payable | 411M | 200M | 220M | 285M | 402M | 381.9M | |
Accumulated Other Comprehensive Income | (699M) | (755M) | (406M) | (131M) | (134M) | (140.7M) | |
Common Stock | 291M | 305M | 307M | 310M | 306M | 291.7M | |
Current Deferred Revenue | (411M) | (200M) | (220M) | 133M | (402M) | (422.1M) | |
Common Stock Total Equity | 305M | 307M | 310M | 306M | 351.9M | 241.0M | |
Property Plant And Equipment Gross | 17.6B | 14.7B | 31.2B | 32.6B | 37.6B | 39.5B | |
Other Liab | 1.8B | 1.9B | 1.9B | 1.9B | 2.2B | 2.4B | |
Other Assets | 705M | 1.3B | 1.5B | 2.0B | 2.3B | 1.8B | |
Long Term Debt | 7.1B | 8.3B | 7.9B | 8.3B | 8.3B | 6.2B | |
Property Plant Equipment | 16.8B | 14.1B | 14.7B | 15.8B | 18.2B | 18.2B | |
Noncontrolling Interest In Consolidated Entity | 974M | 969M | 726M | 641M | 737.2M | 656.5M | |
Retained Earnings Total Equity | 3.5B | 130M | 379M | 1.5B | 1.3B | 1.3B | |
Deferred Long Term Liab | 415M | 342M | 383M | 418M | 376.2M | 357.4M |
Pair Trading with Hess
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 Hess 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 Hess will appreciate offsetting losses from the drop in the long position's value.Moving together with Hess Stock
0.84 | AR | Antero Resources Corp | PairCorr |
0.65 | PR | Permian Resources | PairCorr |
0.75 | SM | SM Energy | PairCorr |
Moving against Hess Stock
0.66 | CEI | Camber Energy | PairCorr |
The ability to find closely correlated positions to Hess could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Hess 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 Hess - 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 Hess Corporation to buy it.
The correlation of Hess 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 Hess moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Hess 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 Hess 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 Hess Corporation. 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 Hess information on this page should be used as a complementary analysis to other Hess' 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 Equity Valuation module to check real value of public entities based on technical and fundamental data.
Complementary Tools for Hess Stock analysis
When running Hess' price analysis, check to measure Hess' 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 Hess is operating at the current time. Most of Hess' value examination focuses on studying past and present price action to predict the probability of Hess' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hess' price. Additionally, you may evaluate how the addition of Hess to your portfolios can decrease your overall portfolio volatility.
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Is Hess' 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 Hess. If investors know Hess 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 Hess listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 1.796 | Dividend Share 1.75 | Earnings Share 6.39 | Revenue Per Share 36.534 | Quarterly Revenue Growth 0.377 |
The market value of Hess is measured differently than its book value, which is the value of Hess that is recorded on the company's balance sheet. Investors also form their own opinion of Hess' value that differs from its market value or its book value, called intrinsic value, which is Hess' 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 Hess' market value can be influenced by many factors that don't directly affect Hess' 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 Hess' value and its price as these two are different measures arrived at by different means. Investors typically determine if Hess is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Hess' 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.