| HEES Stock | | | USD 59.74 0.68 1.15% |
HE Equipment financial indicator trend analysis is much more than just examining HE Equipment Services latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether HE Equipment Services is a good investment. Please check the relationship between HE Equipment Long Term Debt and its Capital Surpluse accounts. Check out
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in HE Equipment Services. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in income.
Long Term Debt vs Capital Surpluse
Long Term Debt vs Capital Surpluse Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
HE Equipment Services Long Term Debt account and
Capital Surpluse. At this time, the significance of the direction appears to have strong relationship.
The correlation between HE Equipment's Long Term Debt and Capital Surpluse is 0.75. Overlapping area represents the amount of variation of Long Term Debt that can explain the historical movement of Capital Surpluse in the same time period over historical financial statements of HE Equipment Services, assuming nothing else is changed. The correlation between historical values of HE Equipment's Long Term Debt and Capital Surpluse is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Long Term Debt of HE Equipment Services are associated (or correlated) with its Capital Surpluse. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capital Surpluse has no effect on the direction of Long Term Debt i.e., HE Equipment's Long Term Debt and Capital Surpluse go up and down completely randomly.
Correlation Coefficient | 0.75 |
| Relationship Direction | Positive |
| Relationship Strength | Significant |
Long Term Debt
Long-term debt is a debt that HE Equipment Services has held for over one year. Long-term debt appears on HE Equipment Services balance sheet and also includes long-term leases. The most common forms of long term debt are bonds payable, long-term notes payable, mortgage payable, pension liabilities, and lease liabilities. In the corporate world, long-term debt is generally used to fund big-ticket items, such as machinery, buildings, and land. The total of long-term debt reported on HE Equipment Services balance sheet is the sum of the balances of all categories of long-term debt. Debt that is not due within the current year and is often considered to be financing activities that are to be repaid over several years.
Capital Surpluse
Most indicators from HE Equipment's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into HE Equipment Services 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 HE Equipment Services. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in income.
At this time, HE Equipment's
Tax Provision is comparatively stable compared to the past year.
Enterprise Value Over EBITDA is likely to gain to 7.55 in 2024, despite the fact that
Discontinued Operations is likely to grow to (1.3
M).
HE Equipment fundamental ratios Correlations
Click cells to compare fundamentals
HE Equipment Account Relationship Matchups
High Positive Relationship
High Negative Relationship
HE Equipment fundamental ratios Accounts
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Additional Tools for HEES Stock Analysis
When running HE Equipment's price analysis, check to
measure HE Equipment'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 HE Equipment is operating at the current time. Most of HE Equipment's value examination focuses on studying past and present price action to
predict the probability of HE Equipment's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move HE Equipment's price. Additionally, you may evaluate how the addition of HE Equipment to your portfolios can decrease your overall portfolio volatility.