Hilton Deferred Long Term Liab vs Non Current Assets Total Analysis
HGV Stock | USD 42.01 0.70 1.69% |
Hilton Grand financial indicator trend analysis is much more than just examining Hilton Grand Vacations latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Hilton Grand Vacations is a good investment. Please check the relationship between Hilton Grand Deferred Long Term Liab and its Non Current Assets Total accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Hilton Grand Vacations. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price.
Deferred Long Term Liab vs Non Current Assets Total
Deferred Long Term Liab vs Non Current Assets Total Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Hilton Grand Vacations Deferred Long Term Liab account and Non Current Assets Total. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Hilton Grand's Deferred Long Term Liab and Non Current Assets Total is 0.97. Overlapping area represents the amount of variation of Deferred Long Term Liab that can explain the historical movement of Non Current Assets Total in the same time period over historical financial statements of Hilton Grand Vacations, assuming nothing else is changed. The correlation between historical values of Hilton Grand's Deferred Long Term Liab and Non Current Assets Total is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Deferred Long Term Liab of Hilton Grand Vacations are associated (or correlated) with its Non Current Assets Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Assets Total has no effect on the direction of Deferred Long Term Liab i.e., Hilton Grand's Deferred Long Term Liab and Non Current Assets Total go up and down completely randomly.
Correlation Coefficient | 0.97 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Deferred Long Term Liab
Liabilities that are due after more than one year, including deferred tax liabilities and deferred revenue.Non Current Assets Total
The total value of a company's long-term assets, which are not expected to be converted into cash or used up within one year or the operating cycle, including property, plant, and equipment, and intangible assets.Most indicators from Hilton Grand's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Hilton Grand Vacations 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 Hilton Grand Vacations. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price. Selling General Administrative is likely to climb to about 205.3 M in 2024, whereas Tax Provision is likely to drop slightly above 71.5 M in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 105M | 142M | 178M | 186.9M | Depreciation And Amortization | 126M | 244M | 213M | 223.7M |
Hilton Grand fundamental ratios Correlations
Click cells to compare fundamentals
Hilton Grand Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Hilton Grand fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Common Stock Shares Outstanding | 89.3M | 85.2M | 101.1M | 120M | 111.6M | 110.1M | |
Total Assets | 3.1B | 3.1B | 8.0B | 8.0B | 8.7B | 4.6B | |
Short Long Term Debt Total | 1.7B | 2.0B | 4.3B | 3.8B | 4.6B | 2.5B | |
Other Current Liab | 274M | 5M | 92M | (92M) | 593M | 622.7M | |
Total Current Liabilities | 599M | 631M | 1.0B | 1.2B | 1.2B | 749.0M | |
Total Stockholder Equity | 570M | 374M | 2.0B | 2.2B | 2.1B | 2.2B | |
Other Liab | 638M | 576M | 1.0B | 1.1B | 1.3B | 714.8M | |
Net Tangible Assets | 493M | 293M | (830M) | (542M) | (487.8M) | (463.4M) | |
Property Plant And Equipment Net | 838M | 553M | 826M | 874M | 819M | 556.7M | |
Current Deferred Revenue | 301M | 379M | 349M | 190M | 394M | 289.0M | |
Net Debt | 1.6B | 1.6B | 3.9B | 3.6B | 3.7B | 2.2B | |
Accounts Payable | 24M | 20M | 63M | 1.0B | 144M | 156.5M | |
Cash | 67M | 428M | 432M | 223M | 885M | 929.3M | |
Non Current Assets Total | 1.0B | 772M | 4.0B | 4.0B | 3.8B | 4.0B | |
Non Currrent Assets Other | (191M) | (50M) | 273M | (286M) | 242M | 254.1M | |
Other Assets | 60M | 526M | 731M | (26M) | 2.0B | 2.1B | |
Long Term Debt | 1.6B | 1.2B | 4.2B | 2.7B | 4.5B | 4.7B | |
Cash And Short Term Investments | 67M | 428M | 432M | 223M | 885M | 929.3M | |
Net Receivables | 1.3B | 1.1B | 2.0B | 2.3B | 2.6B | 1.7B | |
Liabilities And Stockholders Equity | 3.1B | 3.1B | 8.0B | 8.0B | 8.7B | 4.6B | |
Non Current Liabilities Total | 1.9B | 2.1B | 5.0B | 4.7B | 5.4B | 2.9B | |
Inventory | 558M | 702M | 1.2B | 1.2B | 1.4B | 812.9M | |
Other Current Assets | 85M | 139M | 304M | 332M | 2.7B | 2.9B | |
Other Stockholder Equity | 179M | 192M | 1.6B | 1.6B | 1.5B | 1.6B | |
Total Liab | 2.5B | 2.8B | 6.0B | 5.9B | 6.6B | 3.7B | |
Property Plant And Equipment Gross | 838M | 553M | 826M | 874M | 1.0B | 581.2M | |
Total Current Assets | 2.0B | 2.4B | 4.0B | 4.0B | 4.9B | 2.9B | |
Accumulated Other Comprehensive Income | (65M) | (83M) | (110M) | 39M | 17M | 17.9M | |
Short Term Debt | 747M | 227M | 518M | 92M | 20M | 19M | |
Property Plant Equipment | 838M | 501M | 826M | 798M | 917.7M | 502.8M | |
Long Term Debt Total | 1.6B | 1.2B | 2.9B | 2.7B | 3.0B | 1.8B | |
Retained Earnings | 390M | 181M | 357M | 529M | 593M | 395.2M | |
Capital Surpluse | 179M | 192M | 1.6B | 1.6B | 1.8B | 1.9B | |
Non Current Liabilities Other | 59M | 184M | 44M | 1.3B | 54M | 51.3M | |
Cash And Equivalents | 67M | 428M | 432M | 223M | 256.5M | 243.9M |
Pair Trading with Hilton Grand
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 Hilton Grand 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 Hilton Grand will appreciate offsetting losses from the drop in the long position's value.Moving together with Hilton Stock
0.74 | WH | Wyndham Hotels Resorts | PairCorr |
Moving against Hilton Stock
0.71 | CMG | Chipotle Mexican Grill | PairCorr |
0.67 | EAT | Brinker International Fiscal Year End 21st of August 2024 | PairCorr |
0.64 | WING | Wingstop | PairCorr |
0.59 | DPZ | Dominos Pizza | PairCorr |
0.58 | SG | Sweetgreen | PairCorr |
The ability to find closely correlated positions to Hilton Grand could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Hilton Grand 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 Hilton Grand - 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 Hilton Grand Vacations to buy it.
The correlation of Hilton Grand 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 Hilton Grand moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Hilton Grand Vacations 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 Hilton Grand 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 Hilton Grand Vacations. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price. Note that the Hilton Grand Vacations information on this page should be used as a complementary analysis to other Hilton Grand'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 My Watchlist Analysis module to analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like.
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Is Hilton Grand'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 Hilton Grand. If investors know Hilton 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 Hilton Grand 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 (0.07) | Earnings Share 2.12 | Revenue Per Share 35 | Quarterly Revenue Growth 0.232 | Return On Assets 0.0464 |
The market value of Hilton Grand Vacations is measured differently than its book value, which is the value of Hilton that is recorded on the company's balance sheet. Investors also form their own opinion of Hilton Grand's value that differs from its market value or its book value, called intrinsic value, which is Hilton Grand'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 Hilton Grand's market value can be influenced by many factors that don't directly affect Hilton Grand'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 Hilton Grand's value and its price as these two are different measures arrived at by different means. Investors typically determine if Hilton Grand is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Hilton Grand'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.