Hess Change In Cash vs Other Non Cash Items Analysis

HES Stock  USD 129.66  1.47  1.15%   
Hess financial indicator trend analysis is much more than just examining Hess latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Hess is a good investment. Please check the relationship between Hess Change In Cash and its Other Non Cash Items accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Hess Corporation. 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.

Change In Cash vs Other Non Cash Items

Change In Cash vs Other Non Cash Items Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Hess Change In Cash account and Other Non Cash Items. At this time, the significance of the direction appears to have very week relationship.
The correlation between Hess' Change In Cash and Other Non Cash Items is 0.26. Overlapping area represents the amount of variation of Change In Cash that can explain the historical movement of Other Non Cash Items in the same time period over historical financial statements of Hess Corporation, assuming nothing else is changed. The correlation between historical values of Hess' Change In Cash and Other Non Cash Items is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Change In Cash of Hess Corporation are associated (or correlated) with its Other Non Cash Items. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Non Cash Items has no effect on the direction of Change In Cash i.e., Hess' Change In Cash and Other Non Cash Items go up and down completely randomly.

Correlation Coefficient

0.26
Relationship DirectionPositive 
Relationship StrengthVery Weak

Change In Cash

Other Non Cash Items

Most indicators from Hess' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Hess 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 Hess Corporation. 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, Hess' Tax Provision is comparatively stable compared to the past year. Sales General And Administrative To Revenue is likely to gain to 0.06 in 2024, despite the fact that Discontinued Operations is likely to grow to (41 M).
 2021 2022 2023 2024 (projected)
Total Operating Expenses2.5B3.9B6.4B6.7B
Cost Of Revenue2.9B3.4B2.3B2.1B

Hess fundamental ratios Correlations

0.130.850.810.970.970.150.91-0.030.990.26-0.030.780.730.80.330.85-0.320.910.87-0.120.710.32-0.760.620.4
0.13-0.14-0.06-0.070.210.82-0.240.330.170.150.33-0.060.360.67-0.54-0.130.340.38-0.060.25-0.14-0.120.080.780.4
0.85-0.140.970.80.730.120.81-0.420.8-0.08-0.420.960.710.560.720.98-0.650.840.9-0.090.950.59-0.960.350.21
0.81-0.060.970.740.680.210.72-0.440.77-0.12-0.440.980.770.570.670.93-0.580.860.890.120.930.54-0.950.390.36
0.97-0.070.80.740.95-0.080.970.010.960.320.010.70.590.650.350.81-0.290.780.85-0.210.640.24-0.680.450.3
0.970.210.730.680.950.170.880.070.990.350.070.640.640.830.180.75-0.190.860.76-0.190.570.21-0.630.660.38
0.150.820.120.21-0.080.17-0.19-0.270.19-0.05-0.270.230.390.63-0.120.080.050.5-0.030.310.150.1-0.190.60.43
0.91-0.240.810.720.970.88-0.19-0.090.90.31-0.090.680.450.520.490.83-0.380.690.81-0.320.660.27-0.680.280.15
-0.030.33-0.42-0.440.010.07-0.27-0.09-0.030.331.0-0.47-0.040.08-0.71-0.340.49-0.17-0.04-0.08-0.49-0.370.450.32-0.03
0.990.170.80.770.960.990.190.9-0.030.32-0.030.730.680.830.280.81-0.280.90.81-0.150.650.28-0.710.630.41
0.260.15-0.08-0.120.320.35-0.050.310.330.320.33-0.2-0.210.28-0.36-0.080.190.11-0.03-0.22-0.31-0.20.250.110.27
-0.030.33-0.42-0.440.010.07-0.27-0.091.0-0.030.33-0.47-0.040.08-0.71-0.340.49-0.17-0.04-0.08-0.49-0.370.450.32-0.03
0.78-0.060.960.980.70.640.230.68-0.470.73-0.2-0.470.790.560.670.92-0.650.850.870.070.960.65-0.970.40.33
0.730.360.710.770.590.640.390.45-0.040.68-0.21-0.040.790.730.160.67-0.250.850.810.260.670.39-0.730.750.52
0.80.670.560.570.650.830.630.520.080.830.280.080.560.73-0.030.56-0.110.910.58-0.010.460.25-0.540.890.52
0.33-0.540.720.670.350.18-0.120.49-0.710.28-0.36-0.710.670.16-0.030.69-0.730.320.48-0.150.790.52-0.73-0.27-0.23
0.85-0.130.980.930.810.750.080.83-0.340.81-0.08-0.340.920.670.560.69-0.640.820.9-0.210.940.57-0.940.380.08
-0.320.34-0.65-0.58-0.29-0.190.05-0.380.49-0.280.190.49-0.65-0.25-0.11-0.73-0.64-0.36-0.460.37-0.77-0.950.730.00.16
0.910.380.840.860.780.860.50.69-0.170.90.11-0.170.850.850.910.320.82-0.360.810.060.760.43-0.820.750.51
0.87-0.060.90.890.850.76-0.030.81-0.040.81-0.03-0.040.870.810.580.480.9-0.460.81-0.010.820.44-0.850.480.27
-0.120.25-0.090.12-0.21-0.190.31-0.32-0.08-0.15-0.22-0.080.070.26-0.01-0.15-0.210.370.06-0.01-0.09-0.270.040.10.63
0.71-0.140.950.930.640.570.150.66-0.490.65-0.31-0.490.960.670.460.790.94-0.770.760.82-0.090.73-0.980.320.1
0.32-0.120.590.540.240.210.10.27-0.370.28-0.2-0.370.650.390.250.520.57-0.950.430.44-0.270.73-0.710.210.0
-0.760.08-0.96-0.95-0.68-0.63-0.19-0.680.45-0.710.250.45-0.97-0.73-0.54-0.73-0.940.73-0.82-0.850.04-0.98-0.71-0.4-0.18
0.620.780.350.390.450.660.60.280.320.630.110.320.40.750.89-0.270.380.00.750.480.10.320.21-0.40.47
0.40.40.210.360.30.380.430.15-0.030.410.27-0.030.330.520.52-0.230.080.160.510.270.630.10.0-0.180.47
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Hess Account Relationship Matchups

Hess fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets21.8B18.8B20.5B21.7B24.0B20.3B
Short Long Term Debt Total7.9B9.1B9.1B9.2B9.6B5.1B
Other Current Liab2.3B1.2B1.6B1.6B1.7B2.2B
Total Current Liabilities2.5B1.6B3.1B2.3B3.3B3.8B
Total Stockholder Equity8.7B5.4B6.3B8.0B9.0B8.8B
Property Plant And Equipment Net17.6B14.7B14.7B15.8B18.3B13.4B
Net Debt6.4B7.3B6.4B6.7B7.9B4.1B
Retained Earnings3.5B130M379M1.5B2.3B2.2B
Cash1.5B1.7B2.7B2.5B1.7B1.1B
Non Current Assets Total18.6B15.7B16.2B17.8B20.6B15.8B
Non Currrent Assets Other1.1B1.0B1.5B1.5B1.6B829.9M
Cash And Short Term Investments1.5B1.7B2.7B2.5B1.7B1.1B
Net Receivables1.2B860M1.2B1.2B1.3B2.1B
Common Stock Shares Outstanding301.2M304.8M309.3M309.6M307.6M318.7M
Liabilities And Stockholders Equity21.8B18.8B20.5B21.7B24.0B20.3B
Non Current Liabilities Total9.6B10.9B10.4B10.8B11.1B7.5B
Inventory261M378M223M217M304M288.8M
Other Current Assets1.6B104M199M66M108M102.6M
Other Stockholder Equity5.6B5.7B6.0B6.2B6.5B6.8B
Total Liab12.1B12.5B13.5B13.1B14.4B11.3B
Total Current Assets3.2B3.1B4.3B3.9B3.4B4.5B
Short Term Debt199M172M695M445M1.1B1.1B
Accounts Payable411M200M220M285M402M381.9M
Accumulated Other Comprehensive Income(699M)(755M)(406M)(131M)(134M)(140.7M)
Common Stock291M305M307M310M306M291.7M
Current Deferred Revenue(411M)(200M)(220M)133M(402M)(422.1M)
Common Stock Total Equity305M307M310M306M351.9M241.0M
Property Plant And Equipment Gross17.6B14.7B31.2B32.6B37.6B39.5B
Other Liab1.8B1.9B1.9B1.9B2.2B2.4B
Other Assets705M1.3B1.5B2.0B2.3B1.8B
Long Term Debt7.1B8.3B7.9B8.3B8.3B6.2B
Property Plant Equipment16.8B14.1B14.7B15.8B18.2B18.2B
Noncontrolling Interest In Consolidated Entity974M969M726M641M737.2M656.5M
Retained Earnings Total Equity3.5B130M379M1.5B1.3B1.3B
Deferred Long Term Liab415M342M383M418M376.2M357.4M

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Additional Tools for Hess Stock Analysis

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