Heritage Capital Surpluse vs Retained Earnings Analysis
HRTG Stock | USD 8.19 0.36 4.21% |
Heritage Insurance financial indicator trend analysis is much more than just examining Heritage Insurance Hldgs latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Heritage Insurance Hldgs is a good investment. Please check the relationship between Heritage Insurance Capital Surpluse and its Retained Earnings accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Heritage Insurance Hldgs. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate.
Capital Surpluse vs Retained Earnings
Capital Surpluse vs Retained Earnings Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Heritage Insurance Hldgs Capital Surpluse account and Retained Earnings. At this time, the significance of the direction appears to have weak relationship.
The correlation between Heritage Insurance's Capital Surpluse and Retained Earnings is 0.32. Overlapping area represents the amount of variation of Capital Surpluse that can explain the historical movement of Retained Earnings in the same time period over historical financial statements of Heritage Insurance Hldgs, assuming nothing else is changed. The correlation between historical values of Heritage Insurance's Capital Surpluse and Retained Earnings is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Capital Surpluse of Heritage Insurance Hldgs are associated (or correlated) with its Retained Earnings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Retained Earnings has no effect on the direction of Capital Surpluse i.e., Heritage Insurance's Capital Surpluse and Retained Earnings go up and down completely randomly.
Correlation Coefficient | 0.32 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Capital Surpluse
Retained Earnings
The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.Most indicators from Heritage Insurance's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Heritage Insurance Hldgs 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 Heritage Insurance Hldgs. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. At this time, Heritage Insurance's Tax Provision is most likely to decrease significantly in the upcoming years. The Heritage Insurance's current Issuance Of Capital Stock is estimated to increase to about 25.9 M, while Selling General Administrative is projected to decrease to roughly 64.9 M.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 631.6M | 662.5M | 735.5M | 476.0M | Total Revenue | 631.6M | 662.5M | 737.7M | 476.2M |
Heritage Insurance fundamental ratios Correlations
Click cells to compare fundamentals
Heritage Insurance Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Heritage Insurance fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 1.9B | 2.1B | 2.0B | 2.4B | 1.4B | 1.5B | |
Short Long Term Debt Total | 129.2M | 121.0M | 151.9M | 170.2M | 148.2M | 137.8M | |
Other Current Liab | (237.4M) | (261.0M) | (263.3M) | (289.8M) | 373.3M | 392.0M | |
Total Current Liabilities | 237.4M | 261.0M | 263.3M | 16.8M | 583.3M | 612.4M | |
Total Stockholder Equity | 448.8M | 442.3M | 343.1M | 131.0M | 220.3M | 317.9M | |
Other Liab | 13.0M | 677.8M | 599.6M | 229K | 263.4K | 250.2K | |
Property Plant And Equipment Net | 20.8M | 18.7M | 45.2M | 53.2M | 57.7M | 60.5M | |
Net Debt | (139.1M) | (320.0M) | (207.4M) | (110.7M) | (325.1M) | (308.9M) | |
Retained Earnings | 217.3M | 219.8M | 138.4M | (19.2M) | 26.1M | 24.8M | |
Accounts Payable | 227.4M | 251.0M | 263.3M | 279.8M | 193.7M | 149.7M | |
Cash | 268.4M | 441.0M | 359.3M | 280.9M | 473.3M | 263.2M | |
Non Current Assets Total | 829.1M | 796.0M | 863.8M | 102.8M | 740.4M | 431.7M | |
Non Currrent Assets Other | (12.6M) | (18.5M) | (9.4M) | (653.9M) | 586.0M | 615.3M | |
Other Assets | (240.8M) | (173.4M) | (264.8M) | 1.9B | 1.5B | 1.6B | |
Long Term Debt | 119.2M | 121.0M | 120.8M | 128.9M | 30.1M | 28.6M | |
Cash And Short Term Investments | 855.6M | 1.0B | 1.0B | 916.5M | 553.2M | 730.4M | |
Net Receivables | 495.8M | 464.7M | 353.1M | 909.9M | 586.8M | 348.0M | |
Common Stock Shares Outstanding | 29.2M | 28.0M | 27.8M | 26.3M | 26.3M | 22.3M | |
Short Term Investments | 587.3M | 561.0M | 669.4M | 635.6M | 89.5M | 85.1M | |
Liabilities And Stockholders Equity | 1.9B | 2.1B | 2.0B | 2.4B | 1.4B | 1.5B | |
Non Current Liabilities Total | 179.3M | 179.5M | 201.8M | 2.2B | 609.0M | 468.3M | |
Total Liab | 1.5B | 1.6B | 1.6B | 2.3B | 1.2B | 1.2B | |
Property Plant And Equipment Gross | 18.7M | 18.0M | 20.8M | 18.7M | 21.5M | 17.0M | |
Total Current Assets | 1.4B | 1.5B | 1.4B | 373.6M | 672.2M | 855.1M | |
Property Plant Equipment | 27.4M | 18.7M | 45.2M | 25.7M | 29.6M | 21.6M | |
Accumulated Other Comprehensive Income | 7.3M | 6.1M | (4.6M) | (53.6M) | (35.3M) | (33.5M) | |
Net Tangible Assets | 227.7M | 227.6M | 195.2M | 81.5M | 73.3M | 69.7M | |
Retained Earnings Total Equity | 217.3M | 219.8M | 138.4M | (19.2M) | (17.3M) | (16.4M) | |
Capital Surpluse | 329.6M | 331.9M | 332.8M | 334.7M | 384.9M | 311.1M | |
Other Current Assets | 418.4M | 629.9M | 495.8M | 512.1M | 672.2M | 705.8M | |
Other Stockholder Equity | 224.2M | 216.5M | 209.2M | 203.8M | 229.4M | 230.8M | |
Deferred Long Term Liab | 7.7M | 12.6M | 18.5M | 9.4M | 10.8M | 11.8M | |
Long Term Investments | 588.9M | 591.8M | 697.9M | 637.1M | 569.4M | 570.2M | |
Treasury Stock | (105.4M) | (115.4M) | (123.6M) | (130.9M) | (117.8M) | (123.7M) | |
Non Current Liabilities Other | 1.3B | 1.5B | 1.5B | 2.1B | 2.4B | 1.2B | |
Intangible Assets | 68.6M | 62.3M | 55.9M | 49.6M | 42.6M | 56.2M |
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Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Heritage Insurance Hldgs. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. 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 Heritage Insurance'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 Heritage Insurance. If investors know Heritage 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 Heritage Insurance 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 (0.15) | Earnings Share 1.65 | Revenue Per Share 27.37 | Quarterly Revenue Growth 0.081 | Return On Assets 0.0194 |
The market value of Heritage Insurance Hldgs is measured differently than its book value, which is the value of Heritage that is recorded on the company's balance sheet. Investors also form their own opinion of Heritage Insurance's value that differs from its market value or its book value, called intrinsic value, which is Heritage Insurance'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 Heritage Insurance's market value can be influenced by many factors that don't directly affect Heritage Insurance'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 Heritage Insurance's value and its price as these two are different measures arrived at by different means. Investors typically determine if Heritage Insurance is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Heritage Insurance'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.