Hut Net Working Capital vs Total Stockholder Equity Analysis

HUT Stock

USD 8.92 0.09 1.02%

Hut 8 financial indicator trend analysis is much more than just examining Hut 8 Corp latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Hut 8 Corp is a good investment. Please check the relationship between Hut 8 Net Working Capital and its Total Stockholder Equity accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Hut 8 Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in employment.

Net Working Capital vs Total Stockholder Equity

Net Working Capital vs Total Stockholder Equity Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Hut 8 Corp Net Working Capital account and Total Stockholder Equity. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Hut 8's Net Working Capital and Total Stockholder Equity is 0.94. Overlapping area represents the amount of variation of Net Working Capital that can explain the historical movement of Total Stockholder Equity in the same time period over historical financial statements of Hut 8 Corp, assuming nothing else is changed. The correlation between historical values of Hut 8's Net Working Capital and Total Stockholder Equity 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 Working Capital of Hut 8 Corp are associated (or correlated) with its Total Stockholder Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Stockholder Equity has no effect on the direction of Net Working Capital i.e., Hut 8's Net Working Capital and Total Stockholder Equity go up and down completely randomly.

Correlation Coefficient

0.94

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Net Working Capital

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.

Most indicators from Hut 8's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Hut 8 Corp 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 Hut 8 Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in employment.

At this time, Hut 8's Selling General Administrative is comparatively stable compared to the past year. Enterprise Value is likely to gain to about 686.7 M in 2024, despite the fact that Tax Provision is likely to grow to (1.4 M).

	2021	2022	2023	2024 (projected)
Reconciled Depreciation	23.3M	94.5M	17.7M	16.8M
Cost Of Revenue	85.0M	175.6M	36.5M	34.7M

Reconciled Depreciation Cost Of Revenue

Hut 8 fundamental ratios Correlations

	Total Assets	Total Stockholder Equity	Net Debt	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Common Stock Total Equity	Common Stock Shares Outstanding	Total Liab	Total Current Assets	Common Stock	Other Current Liab	Total Current Liabilities	Retained Earnings	Net Receivables	Other Stockholder Equity	Net Invested Capital	Net Working Capital	Net Tangible Assets	Accounts Payable	Other Assets	Property Plant Equipment	Short Long Term Debt Total	Property Plant And Equipment Net	Long Term Debt
Total Assets		1.0	-0.47	0.84	0.98	-0.44	0.84	0.73	0.85	0.91	0.99	0.92	-0.1	0.83	-0.81	0.74	-0.96	0.97	0.95	0.95	0.02	0.84	0.88	0.7	0.91	-0.71
Total Stockholder Equity	1.0		-0.44	0.81	0.96	-0.5	0.81	0.71	0.87	0.87	0.99	0.94	-0.05	0.83	-0.83	0.76	-0.98	0.96	0.94	0.95	-0.02	0.81	0.9	0.73	0.9	-0.74
Net Debt	-0.47	-0.44		-0.84	-0.34	-0.39	-0.84	0.11	0.04	-0.53	-0.53	-0.14	0.84	0.02	-0.06	0.17	0.39	-0.5	-0.65	-0.59	0.0	-0.85	-0.08	-0.18	-0.68	-0.14
Cash	0.84	0.81	-0.84		0.77	0.06	1.0	0.43	0.44	0.89	0.86	0.57	-0.6	0.47	-0.41	0.31	-0.75	0.87	0.92	0.9	0.07	0.99	0.51	0.48	0.91	-0.3
Non Current Assets Total	0.98	0.96	-0.34	0.77		-0.47	0.77	0.82	0.89	0.93	0.94	0.93	-0.01	0.86	-0.84	0.8	-0.92	0.93	0.88	0.9	0.1	0.77	0.9	0.71	0.86	-0.73
Non Currrent Assets Other	-0.44	-0.5	-0.39	0.06	-0.47		0.06	-0.44	-0.77	-0.12	-0.42	-0.74	-0.79	-0.62	0.81	-0.78	0.61	-0.39	-0.3	-0.36	0.12	0.06	-0.76	-0.68	-0.28	0.82
Cash And Short Term Investments	0.84	0.81	-0.84	1.0	0.77	0.06		0.43	0.44	0.89	0.86	0.57	-0.6	0.47	-0.41	0.31	-0.75	0.87	0.92	0.9	0.07	0.99	0.51	0.48	0.91	-0.3
Common Stock Total Equity	0.73	0.71	0.11	0.43	0.82	-0.44	0.43		0.85	0.76	0.67	0.76	0.21	0.91	-0.78	0.81	-0.65	0.7	0.57	0.6	0.06	0.42	0.73	0.39	0.45	-0.73
Common Stock Shares Outstanding	0.85	0.87	0.04	0.44	0.89	-0.77	0.44	0.85		0.67	0.81	0.98	0.41	0.92	-0.97	0.95	-0.87	0.79	0.7	0.74	-0.07	0.45	0.96	0.71	0.63	-0.93
Total Liab	0.91	0.87	-0.53	0.89	0.93	-0.12	0.89	0.76	0.67		0.89	0.72	-0.35	0.73	-0.61	0.56	-0.79	0.9	0.87	0.87	0.19	0.89	0.68	0.5	0.84	-0.47
Total Current Assets	0.99	0.99	-0.53	0.86	0.94	-0.42	0.86	0.67	0.81	0.89		0.89	-0.16	0.79	-0.77	0.68	-0.97	0.96	0.96	0.96	-0.03	0.86	0.84	0.69	0.92	-0.67
Common Stock	0.92	0.94	-0.14	0.57	0.93	-0.74	0.57	0.76	0.98	0.72	0.89		0.29	0.89	-0.96	0.92	-0.94	0.86	0.79	0.83	-0.01	0.57	0.99	0.79	0.76	-0.89
Other Current Liab	-0.1	-0.05	0.84	-0.6	-0.01	-0.79	-0.6	0.21	0.41	-0.35	-0.16	0.29		0.25	-0.45	0.51	-0.05	-0.17	-0.29	-0.22	-0.11	-0.6	0.35	0.28	-0.29	-0.53
Total Current Liabilities	0.83	0.83	0.02	0.47	0.86	-0.62	0.47	0.91	0.92	0.73	0.79	0.89	0.25		-0.89	0.88	-0.81	0.79	0.69	0.72	0.14	0.46	0.87	0.57	0.57	-0.78
Retained Earnings	-0.81	-0.83	-0.06	-0.41	-0.84	0.81	-0.41	-0.78	-0.97	-0.61	-0.77	-0.96	-0.45	-0.89		-0.97	0.86	-0.77	-0.68	-0.73	-0.02	-0.4	-0.96	-0.75	-0.62	0.94
Net Receivables	0.74	0.76	0.17	0.31	0.8	-0.78	0.31	0.81	0.95	0.56	0.68	0.92	0.51	0.88	-0.97		-0.75	0.67	0.56	0.61	0.06	0.31	0.94	0.66	0.51	-0.92
Other Stockholder Equity	-0.96	-0.98	0.39	-0.75	-0.92	0.61	-0.75	-0.65	-0.87	-0.79	-0.97	-0.94	-0.05	-0.81	0.86	-0.75		-0.94	-0.92	-0.94	0.02	-0.74	-0.91	-0.8	-0.89	0.77
Net Invested Capital	0.97	0.96	-0.5	0.87	0.93	-0.39	0.87	0.7	0.79	0.9	0.96	0.86	-0.17	0.79	-0.77	0.67	-0.94		0.98	0.99	0.02	0.85	0.81	0.74	0.93	-0.7
Net Working Capital	0.95	0.94	-0.65	0.92	0.88	-0.3	0.92	0.57	0.7	0.87	0.96	0.79	-0.29	0.69	-0.68	0.56	-0.92	0.98		1.0	-0.03	0.91	0.74	0.7	0.95	-0.6
Net Tangible Assets	0.95	0.95	-0.59	0.9	0.9	-0.36	0.9	0.6	0.74	0.87	0.96	0.83	-0.22	0.72	-0.73	0.61	-0.94	0.99	1.0		-0.01	0.88	0.78	0.76	0.96	-0.65
Accounts Payable	0.02	-0.02	0.0	0.07	0.1	0.12	0.07	0.06	-0.07	0.19	-0.03	-0.01	-0.11	0.14	-0.02	0.06	0.02	0.02	-0.03	-0.01		0.04	0.09	0.11	0.12	0.26
Other Assets	0.84	0.81	-0.85	0.99	0.77	0.06	0.99	0.42	0.45	0.89	0.86	0.57	-0.6	0.46	-0.4	0.31	-0.74	0.85	0.91	0.88	0.04		0.52	0.44	0.9	-0.29
Property Plant Equipment	0.88	0.9	-0.08	0.51	0.9	-0.76	0.51	0.73	0.96	0.68	0.84	0.99	0.35	0.87	-0.96	0.94	-0.91	0.81	0.74	0.78	0.09	0.52		0.81	0.73	-0.87
Short Long Term Debt Total	0.7	0.73	-0.18	0.48	0.71	-0.68	0.48	0.39	0.71	0.5	0.69	0.79	0.28	0.57	-0.75	0.66	-0.8	0.74	0.7	0.76	0.11	0.44	0.81		0.79	-0.71
Property Plant And Equipment Net	0.91	0.9	-0.68	0.91	0.86	-0.28	0.91	0.45	0.63	0.84	0.92	0.76	-0.29	0.57	-0.62	0.51	-0.89	0.93	0.95	0.96	0.12	0.9	0.73	0.79		-0.51
Long Term Debt	-0.71	-0.74	-0.14	-0.3	-0.73	0.82	-0.3	-0.73	-0.93	-0.47	-0.67	-0.89	-0.53	-0.78	0.94	-0.92	0.77	-0.7	-0.6	-0.65	0.26	-0.29	-0.87	-0.71	-0.51

Click cells to compare fundamentals

Hut 8 Account Relationship Matchups

Hut 8 fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	71.2M	145.2M	720.7M	412.9M	474.9M	498.6M
Total Stockholder Equity	42.7M	115.6M	566.0M	357.4M	411.0M	431.5M
Net Debt	23.1M	22.9M	(99.4M)	16.9M	15.2M	16.0M
Cash	2.9M	2.8M	140.1M	30.5M	35.1M	18.3M
Non Current Assets Total	56.5M	39.9M	252.6M	167.3M	192.4M	202.0M
Non Currrent Assets Other	21.5M	3.9M	45.7M	(66.4M)	(59.7M)	(56.7M)
Cash And Short Term Investments	2.9M	2.8M	140.1M	30.5M	35.1M	18.3M
Common Stock Shares Outstanding	90.6M	94.2M	137.6M	220.5M	253.6M	266.3M
Liabilities And Stockholders Equity	71.2M	145.2M	720.7M	412.9M	474.9M	498.6M
Total Liab	28.5M	29.6M	154.7M	55.5M	63.9M	67.1M
Total Current Assets	14.7M	105.3M	468.1M	245.6M	282.5M	296.6M
Common Stock	170.6M	178.2M	636.6M	767.6M	882.8M	926.9M
Other Current Liab	1.9M	164.2K	(12.3M)	6.9M	6.2M	6.5M
Total Current Liabilities	8.7M	29.6M	26.1M	30.1M	34.7M	36.4M
Retained Earnings	(134.6M)	(115.5M)	(188.3M)	(431.1M)	(388.0M)	(368.6M)
Accumulated Other Comprehensive Income	(80.2M)	45.7M	103.5M	(98.5M)	(88.7M)	(84.2M)
Non Current Liabilities Total	19.8M	307K	128.7M	31.4M	36.1M	38.2M
Other Stockholder Equity	6.7M	(17.5M)	(84.4M)	(77.7M)	(69.9M)	(66.4M)
Net Invested Capital	68.7M	141.0M	606.7M	377.5M	434.1M	230.8M
Net Working Capital	6.0M	75.7M	442.0M	215.5M	247.8M	132.2M
Net Tangible Assets	42.7M	115.6M	566.0M	336.3M	386.7M	207.1M
Accounts Payable	563.9K	3.7M	7.1M	6.0M	5.4M	5.3M
Other Assets	5.8M	1.0	156.5M	27.2M	31.3M	34.9M
Property Plant Equipment	34.9M	32.5M	96.1M	125.0M	143.7M	150.9M
Short Long Term Debt Total	26.0M	25.8M	40.7M	47.4M	54.5M	37.9M
Property Plant And Equipment Net	34.4M	33.3M	206.9M	125.0M	143.7M	100.7M
Other Current Assets	10.5M	75.5M	323.9M	203.6M	234.2M	135.0M
Property Plant And Equipment Gross	34.4M	39.3M	331.7M	457.5M	526.1M	552.4M
Short Long Term Debt	6.2M	25.5M	16.5M	11.9M	13.7M	14.1M
Capital Stock	170.6M	178.2M	636.6M	767.6M	882.8M	926.9M
Short Term Debt	6.2M	25.8M	16.5M	16.2M	18.6M	15.1M

Hut 8 Implied Volatility

189.6

Hut 8's implied volatility exposes the market's sentiment of Hut 8 Corp stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Hut 8's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Hut 8 stock will not fluctuate a lot when Hut 8's options are near their expiration.

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 Hut 8 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, Hut 8's short interest history, or implied volatility extrapolated from Hut 8 options trading.

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When determining whether Hut 8 Corp is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Hut Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Hut 8 Corp Stock. Highlighted below are key reports to facilitate an investment decision about Hut 8 Corp Stock:

How To Invest In Hut

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Is Hut Stock a good investment?

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What is Hut 8's Net Worth?

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Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Hut 8 Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in employment.

You can also try the Commodity Directory module to find actively traded commodities issued by global exchanges.

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When running Hut 8's price analysis, check to measure Hut 8'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 Hut 8 is operating at the current time. Most of Hut 8's value examination focuses on studying past and present price action to predict the probability of Hut 8's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hut 8's price. Additionally, you may evaluate how the addition of Hut 8 to your portfolios can decrease your overall portfolio volatility.

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Is Hut 8'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 Hut 8. If investors know Hut 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 Hut 8 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

0.516

Earnings Share

(0.78)

Revenue Per Share

2.364

Quarterly Revenue Growth

2.616

Return On Assets

(0.04)

The market value of Hut 8 Corp is measured differently than its book value, which is the value of Hut that is recorded on the company's balance sheet. Investors also form their own opinion of Hut 8's value that differs from its market value or its book value, called intrinsic value, which is Hut 8'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 Hut 8's market value can be influenced by many factors that don't directly affect Hut 8'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 Hut 8's value and its price as these two are different measures arrived at by different means. Investors typically determine if Hut 8 is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Hut 8'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.

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Hut Net Working Capital vs Total Stockholder Equity Analysis

Net Working Capital vs Total Stockholder Equity

Net Working Capital vs Total Stockholder Equity Correlation Analysis

Correlation Coefficient

Net Working Capital

Total Stockholder Equity

Hut 8 fundamental ratios Correlations

Hut 8 Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Hut 8 fundamental ratios Accounts

Hut 8 Implied Volatility

Building efficient market-beating portfolios requires time, education, and a lot of computing power!

Complementary Tools for Hut Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Stockholder Equity	+ 1.0	Total Assets
Cash And Short Term Investments	+ 1.0	Cash
Net Tangible Assets	+ 1.0	Net Working Capital
Total Current Assets	+ 0.99	Total Assets
Total Current Assets	+ 0.99	Total Stockholder Equity
Other Assets	+ 0.99	Cash

Other Stockholder Equity	- 0.98	Total Stockholder Equity
Net Receivables	- 0.97	Retained Earnings
Other Stockholder Equity	- 0.97	Total Current Assets
Retained Earnings	- 0.97	Common Stock Shares Outstanding
Property Plant Equipment	- 0.96	Retained Earnings
Retained Earnings	- 0.96	Common Stock