Hennessy Other Current Assets vs Capital Stock Analysis

HCVIW Stock  USD 0.11  0.02  15.38%   
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 Other Current Assets and its Capital Stock 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.

Other Current Assets vs Capital Stock

Other Current Assets vs Capital Stock Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Hennessy Capital Inv Other Current Assets account and Capital Stock. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Hennessy Capital's Other Current Assets and Capital Stock is 0.9. Overlapping area represents the amount of variation of Other Current Assets that can explain the historical movement of Capital Stock 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 Other Current Assets and Capital Stock is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Current Assets of Hennessy Capital Investment are associated (or correlated) with its Capital Stock. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capital Stock has no effect on the direction of Other Current Assets i.e., Hennessy Capital's Other Current Assets and Capital Stock go up and down completely randomly.

Correlation Coefficient

0.9
Relationship DirectionPositive 
Relationship StrengthVery Strong

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.

Capital Stock

The total amount of a company's capital funded by shareholders through the issue and subscription of shares.
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 fairly stable compared to the past year. Enterprise Value Multiple is likely to climb 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 Expense3.2M18.5M21.3M11.9M
Depreciation And Amortization415.6K2.3M16.3M17.1M

Hennessy Capital fundamental ratios Correlations

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-0.991.0-0.950.970.92-0.3-0.84-0.99-0.99-0.84-0.840.97-0.96-0.95-0.89-0.95-0.91-0.99-0.99-0.991.0-0.95-0.95-0.95-0.95
-1.01.0-0.970.950.9-0.24-0.81-0.99-0.99-0.81-0.840.97-0.94-0.93-0.86-0.97-0.89-0.99-0.99-0.991.0-0.95-0.95-0.95-0.95
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-0.930.970.95-0.860.99-0.5-0.95-0.93-0.93-0.95-0.780.93-1.0-1.0-0.97-0.85-0.98-0.93-0.99-0.930.94-0.89-0.89-0.89-0.89
-0.870.920.9-0.770.99-0.61-0.98-0.86-0.86-0.98-0.720.89-0.99-1.0-0.99-0.77-1.0-0.86-0.95-0.860.88-0.83-0.83-0.83-0.83
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0.88-0.84-0.840.9-0.78-0.720.350.580.880.880.58-0.680.770.750.610.90.720.880.80.88-0.830.970.970.970.97
-0.950.970.97-0.90.930.89-0.18-0.84-0.94-0.94-0.84-0.68-0.93-0.91-0.89-0.89-0.87-0.94-0.97-0.940.97-0.84-0.84-0.84-0.84
0.92-0.96-0.940.84-1.0-0.990.530.960.910.910.960.77-0.931.00.970.840.990.910.980.91-0.930.880.880.880.88
0.9-0.95-0.930.82-1.0-1.00.560.970.890.90.970.75-0.911.00.980.811.00.90.970.9-0.910.860.860.860.86
0.82-0.89-0.860.71-0.97-0.990.580.990.810.810.990.61-0.890.970.980.710.990.810.930.81-0.850.740.740.740.74
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0.86-0.91-0.890.76-0.98-1.00.640.980.850.850.980.72-0.870.991.00.990.760.850.940.85-0.870.820.820.820.82
1.0-0.99-0.990.99-0.93-0.860.210.761.01.00.760.88-0.940.910.90.810.990.850.971.0-0.990.970.970.970.97
0.97-0.99-0.990.92-0.99-0.950.360.890.970.970.890.8-0.970.980.970.930.920.940.970.97-0.980.920.920.920.92
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-0.991.01.0-0.970.940.88-0.2-0.8-0.99-0.99-0.8-0.830.97-0.93-0.91-0.85-0.97-0.87-0.99-0.98-0.99-0.94-0.94-0.94-0.94
0.97-0.95-0.950.97-0.89-0.830.30.710.970.970.710.97-0.840.880.860.740.970.820.970.920.97-0.941.01.01.0
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Hennessy Capital Account Relationship Matchups

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