Hennessy Short Term Debt vs Other Current Assets Analysis
| HCVIU Stock | USD 10.55 0.02 0.19% |
Hennessy Capital financial indicator trend analysis is much more than just examining Hennessy Capital Inv latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Hennessy Capital Inv is a good investment. Please check the relationship between Hennessy Capital Short Term Debt and its Other Current Assets accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Hennessy Capital Investment. 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.
Short Term Debt vs Other Current Assets
Short Term Debt vs Other Current Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Hennessy Capital Inv Short Term Debt account and Other Current Assets. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Hennessy Capital's Short Term Debt and Other Current Assets is 0.86. Overlapping area represents the amount of variation of Short Term Debt that can explain the historical movement of Other Current Assets in the same time period over historical financial statements of Hennessy Capital Investment, assuming nothing else is changed. The correlation between historical values of Hennessy Capital's Short Term Debt and Other Current Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Short Term Debt of Hennessy Capital Investment are associated (or correlated) with its Other Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Assets has no effect on the direction of Short Term Debt i.e., Hennessy Capital's Short Term Debt and Other Current Assets go up and down completely randomly.
Correlation Coefficient | 0.86 |
| Relationship Direction | Positive |
| Relationship Strength | Strong |
Short Term Debt
Other Current Assets
Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.Most indicators from Hennessy Capital's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Hennessy Capital Inv 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 Hennessy Capital Investment. 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, Hennessy Capital's Enterprise Value Over EBITDA is comparatively stable compared to the past year. Enterprise Value Multiple is likely to gain to 44.53 in 2024, whereas Selling General Administrative is likely to drop slightly above 2.7 M in 2024.
| 2010 | 2022 | 2023 | 2024 (projected) | Interest Expense | 3.2M | 18.5M | 21.3M | 11.9M | Depreciation And Amortization | 415.6K | 2.3M | 16.3M | 17.1M |
Hennessy Capital fundamental ratios Correlations
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Hennessy Capital Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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