Hitek Cash Ratio vs Free Cash Flow Yield Analysis

HKIT Stock

5.00 3.33 199.40%

Hitek Global financial indicator trend analysis is much more than just examining Hitek Global Ordinary latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Hitek Global Ordinary is a good investment. Please check the relationship between Hitek Global Cash Ratio and its Free Cash Flow Yield accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Hitek Global Ordinary. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

Cash Ratio vs Free Cash Flow Yield

Cash Ratio vs Free Cash Flow Yield Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Hitek Global Ordinary Cash Ratio account and Free Cash Flow Yield. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Hitek Global's Cash Ratio and Free Cash Flow Yield is 0.96. Overlapping area represents the amount of variation of Cash Ratio that can explain the historical movement of Free Cash Flow Yield in the same time period over historical financial statements of Hitek Global Ordinary, assuming nothing else is changed. The correlation between historical values of Hitek Global's Cash Ratio and Free Cash Flow Yield is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash Ratio of Hitek Global Ordinary are associated (or correlated) with its Free Cash Flow Yield. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Free Cash Flow Yield has no effect on the direction of Cash Ratio i.e., Hitek Global's Cash Ratio and Free Cash Flow Yield go up and down completely randomly.

Correlation Coefficient

0.96

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Cash Ratio

Free Cash Flow Yield

A financial solvency ratio that compares the free cash flow per share a company is expected to earn against its market value per share, calculated as free cash flow per share divided by market price per share.

Most indicators from Hitek Global's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Hitek Global Ordinary 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 Hitek Global Ordinary. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

At this time, Hitek Global's Issuance Of Capital Stock is comparatively stable compared to the past year. Sales General And Administrative To Revenue is likely to gain to 0.42 in 2024, whereas Tax Provision is likely to drop slightly above 490.7 K in 2024.

	2021	2022	2023	2024 (projected)
Interest Expense	205.2K	241.8K	313.9K	329.6K
Depreciation And Amortization	259.2K	51.1K	53.8K	51.1K

Interest Expense Depreciation And Amortization

Hitek Global fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Net Tangible Assets	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Short Term Investments	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Net Invested Capital	Total Current Assets	Net Working Capital	Common Stock	Property Plant Equipment
Total Assets		0.95	0.82	0.87	0.91	0.0	-0.72	-0.65	0.92	0.59	0.77	0.88	0.82	0.94	-0.6	0.86	0.77	0.63	-0.7	0.73	0.94	0.87	0.98	0.82	0.84	-0.22
Other Current Liab	0.95		0.94	0.83	0.96	-0.03	-0.59	-0.48	0.98	0.68	0.66	0.92	0.75	0.94	-0.72	0.82	0.75	0.6	-0.63	0.61	0.98	0.84	0.88	0.75	0.66	-0.2
Total Current Liabilities	0.82	0.94		0.7	0.84	-0.24	-0.39	-0.26	0.88	0.85	0.52	0.83	0.62	0.83	-0.85	0.71	0.77	0.55	-0.47	0.47	0.96	0.73	0.73	0.62	0.49	-0.36
Total Stockholder Equity	0.87	0.83	0.7		0.77	0.04	-0.92	-0.85	0.81	0.46	0.96	0.95	0.98	0.83	-0.7	0.99	0.88	0.54	-0.84	0.93	0.78	1.0	0.85	0.99	0.86	-0.25
Net Tangible Assets	0.91	0.96	0.84	0.77		0.05	-0.55	-0.46	0.99	0.57	0.58	0.84	0.67	0.92	-0.53	0.76	0.58	0.55	-0.53	0.5	0.89	0.77	0.85	0.69	0.57	-0.1
Property Plant And Equipment Net	0.0	-0.03	-0.24	0.04	0.05		-0.17	-0.06	0.06	-0.67	0.0	0.12	-0.02	0.04	0.21	-0.05	-0.29	-0.27	-0.44	0.03	-0.13	0.02	-0.1	-0.04	0.03	0.95
Current Deferred Revenue	-0.72	-0.59	-0.39	-0.92	-0.55	-0.17		0.97	-0.58	-0.16	-0.98	-0.79	-0.95	-0.66	0.46	-0.9	-0.75	-0.43	0.85	-0.97	-0.54	-0.91	-0.76	-0.95	-0.91	0.14
Net Debt	-0.65	-0.48	-0.26	-0.85	-0.46	-0.06	0.97		-0.47	-0.14	-0.95	-0.66	-0.91	-0.54	0.32	-0.85	-0.68	-0.37	0.72	-0.93	-0.43	-0.83	-0.73	-0.91	-0.89	0.24
Retained Earnings	0.92	0.98	0.88	0.81	0.99	0.06	-0.58	-0.47		0.58	0.62	0.89	0.71	0.93	-0.61	0.79	0.64	0.56	-0.59	0.55	0.91	0.81	0.84	0.73	0.59	-0.11
Accounts Payable	0.59	0.68	0.85	0.46	0.57	-0.67	-0.16	-0.14	0.58		0.36	0.52	0.44	0.52	-0.73	0.53	0.69	0.42	-0.08	0.3	0.76	0.49	0.57	0.44	0.33	-0.73
Cash	0.77	0.66	0.52	0.96	0.58	0.0	-0.98	-0.95	0.62	0.36		0.84	0.99	0.69	-0.61	0.95	0.87	0.48	-0.82	0.99	0.64	0.95	0.8	0.98	0.92	-0.31
Non Current Assets Total	0.88	0.92	0.83	0.95	0.84	0.12	-0.79	-0.66	0.89	0.52	0.84		0.89	0.88	-0.81	0.92	0.86	0.53	-0.84	0.81	0.89	0.96	0.81	0.88	0.75	-0.12
Cash And Short Term Investments	0.82	0.75	0.62	0.98	0.67	-0.02	-0.95	-0.91	0.71	0.44	0.99	0.89		0.74	-0.66	0.99	0.89	0.52	-0.81	0.97	0.71	0.98	0.84	1.0	0.89	-0.32
Net Receivables	0.94	0.94	0.83	0.83	0.92	0.04	-0.66	-0.54	0.93	0.52	0.69	0.88	0.74		-0.61	0.78	0.73	0.66	-0.68	0.65	0.92	0.84	0.89	0.77	0.72	-0.16
Common Stock Shares Outstanding	-0.6	-0.72	-0.85	-0.7	-0.53	0.21	0.46	0.32	-0.61	-0.73	-0.61	-0.81	-0.66	-0.61		-0.71	-0.88	-0.43	0.6	-0.61	-0.78	-0.74	-0.5	-0.64	-0.48	0.38
Short Term Investments	0.86	0.82	0.71	0.99	0.76	-0.05	-0.9	-0.85	0.79	0.53	0.95	0.92	0.99	0.78	-0.71		0.89	0.55	-0.78	0.92	0.78	0.98	0.86	0.98	0.85	-0.33
Non Current Liabilities Total	0.77	0.75	0.77	0.88	0.58	-0.29	-0.75	-0.68	0.64	0.69	0.87	0.86	0.89	0.73	-0.88	0.89		0.59	-0.71	0.87	0.81	0.9	0.76	0.88	0.8	-0.54
Inventory	0.63	0.6	0.55	0.54	0.55	-0.27	-0.43	-0.37	0.56	0.42	0.48	0.53	0.52	0.66	-0.43	0.55	0.59		-0.46	0.47	0.62	0.55	0.64	0.54	0.55	-0.4
Other Current Assets	-0.7	-0.63	-0.47	-0.84	-0.53	-0.44	0.85	0.72	-0.59	-0.08	-0.82	-0.84	-0.81	-0.68	0.6	-0.78	-0.71	-0.46		-0.85	-0.61	-0.84	-0.63	-0.79	-0.8	-0.16
Other Stockholder Equity	0.73	0.61	0.47	0.93	0.5	0.03	-0.97	-0.93	0.55	0.3	0.99	0.81	0.97	0.65	-0.61	0.92	0.87	0.47	-0.85		0.6	0.93	0.76	0.96	0.92	-0.28
Total Liab	0.94	0.98	0.96	0.78	0.89	-0.13	-0.54	-0.43	0.91	0.76	0.64	0.89	0.71	0.92	-0.78	0.78	0.81	0.62	-0.61	0.6		0.81	0.87	0.71	0.68	-0.29
Net Invested Capital	0.87	0.84	0.73	1.0	0.77	0.02	-0.91	-0.83	0.81	0.49	0.95	0.96	0.98	0.84	-0.74	0.98	0.9	0.55	-0.84	0.93	0.81		0.85	0.98	0.86	-0.26
Total Current Assets	0.98	0.88	0.73	0.85	0.85	-0.1	-0.76	-0.73	0.84	0.57	0.8	0.81	0.84	0.89	-0.5	0.86	0.76	0.64	-0.63	0.76	0.87	0.85		0.84	0.88	-0.33
Net Working Capital	0.82	0.75	0.62	0.99	0.69	-0.04	-0.95	-0.91	0.73	0.44	0.98	0.88	1.0	0.77	-0.64	0.98	0.88	0.54	-0.79	0.96	0.71	0.98	0.84		0.88	-0.34
Common Stock	0.84	0.66	0.49	0.86	0.57	0.03	-0.91	-0.89	0.59	0.33	0.92	0.75	0.89	0.72	-0.48	0.85	0.8	0.55	-0.8	0.92	0.68	0.86	0.88	0.88		-0.26
Property Plant Equipment	-0.22	-0.2	-0.36	-0.25	-0.1	0.95	0.14	0.24	-0.11	-0.73	-0.31	-0.12	-0.32	-0.16	0.38	-0.33	-0.54	-0.4	-0.16	-0.28	-0.29	-0.26	-0.33	-0.34	-0.26

Click cells to compare fundamentals

Hitek Global Account Relationship Matchups

Hitek Global fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	11.5M	14.4M	17.1M	21.2M	36.2M	18.4M
Other Current Liab	1.0M	1.2M	1.5M	2.0M	2.2M	1.5M
Total Current Liabilities	2.0M	2.4M	2.8M	4.2M	3.4M	2.9M
Total Stockholder Equity	9.0M	11.2M	13.1M	13.5M	28.3M	29.8M
Net Tangible Assets	7.0M	9.0M	11.2M	13.1M	15.1M	10.0M
Property Plant And Equipment Net	847.9K	504.2K	156.8K	129.6K	406.6K	404.4K
Current Deferred Revenue	763.2K	752.3K	784.5K	977.1K	171.4K	162.8K
Net Debt	(776.2K)	(1.9M)	(2.1M)	1.5M	(6.7M)	(6.4M)
Retained Earnings	5.7M	7.4M	9.0M	10.3M	11.4M	7.8M
Accounts Payable	185.2K	379.4K	518.7K	696.7K	532.1K	458.7K
Cash	776.2K	1.9M	2.1M	1.2M	9.3M	9.8M
Non Current Assets Total	3.5M	3.6M	4.2M	9.1M	11.4M	12.0M
Cash And Short Term Investments	2.7M	4.7M	7.3M	5.5M	18.1M	19.1M
Net Receivables	3.8M	3.9M	3.1M	4.8M	6.1M	4.0M
Short Term Investments	2.0M	2.8M	5.2M	4.3M	8.8M	9.3M
Liabilities And Stockholders Equity	11.5M	14.4M	17.1M	21.2M	36.2M	18.4M
Non Current Liabilities Total	563.7K	857.4K	1.2M	3.5M	4.5M	4.7M
Inventory	513.1K	119.8K	409.0K	430.7K	557.7K	374.0K
Other Current Assets	1.0M	2.1M	2.2M	1.4M	24.8K	23.5K
Total Liab	2.5M	3.2M	4.0M	7.7M	7.9M	4.6M
Net Invested Capital	9.0M	11.2M	13.1M	16.2M	30.9M	32.5M
Total Current Assets	8.0M	10.8M	13.0M	12.1M	24.8M	12.8M
Accumulated Other Comprehensive Income	588.6K	1.2M	1.5M	557.0K	226.8K	215.5K
Net Working Capital	6.1M	8.4M	10.2M	7.9M	21.4M	22.5M
Property Plant Equipment	1.2M	847.9K	504.2K	156.8K	141.1K	134.0K
Non Currrent Assets Other	2.6M	3.1M	4.0M	7.7M	410.5K	390.0K

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.

Explore Investing Ideas

Additional Tools for Hitek Stock Analysis

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

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC