Hisar Net Debt vs Non Currrent Assets Other Analysis

HISARMETAL

167.82 0.90 0.54%

Hisar Metal financial indicator trend analysis is much more than just examining Hisar Metal Industries latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Hisar Metal Industries is a good investment. Please check the relationship between Hisar Metal Net Debt and its Non Currrent Assets Other accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Hisar Metal Industries. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

Net Debt vs Non Currrent Assets Other

Net Debt vs Non Currrent Assets Other Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Hisar Metal Industries Net Debt account and Non Currrent Assets Other. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between Hisar Metal's Net Debt and Non Currrent Assets Other is 0.41. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Non Currrent Assets Other in the same time period over historical financial statements of Hisar Metal Industries, assuming nothing else is changed. The correlation between historical values of Hisar Metal's Net Debt and Non Currrent Assets Other is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Debt of Hisar Metal Industries are associated (or correlated) with its Non Currrent Assets Other. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Currrent Assets Other has no effect on the direction of Net Debt i.e., Hisar Metal's Net Debt and Non Currrent Assets Other go up and down completely randomly.

Correlation Coefficient

0.41

Relationship Direction	Positive
Relationship Strength	Weak

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Net Debt

The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.

Non Currrent Assets Other

Assets that are not physical or tangible, expected to provide value for more than one year, and not easily converted into cash, such as long-term investments or patents.

Most indicators from Hisar Metal's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Hisar Metal Industries 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 Hisar Metal Industries. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

The current year's Tax Provision is expected to grow to about 26.6 M, whereas Selling General Administrative is forecasted to decline to about 11.7 M.

	2021	2022	2023	2024 (projected)
Interest Expense	44.2M	55.3M	63.8M	44.6M
Depreciation And Amortization	21.3M	21.7M	22.8M	22.8M

Interest Expense Depreciation And Amortization

Hisar Metal fundamental ratios Correlations

	Common Stock Shares Outstanding	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Common Stock	Short Term Debt	Current Deferred Revenue	Intangible Assets	Good Will
Common Stock Shares Outstanding		0.79	0.67	0.52	0.48	0.71	0.65	0.69	0.77	0.49	-0.49	0.74	0.45	-0.38	-0.04	0.3	0.81	0.47	0.27	0.71	0.78	1.0	0.25	-0.02	-0.74	-0.83
Total Assets	0.79		0.8	0.61	0.75	0.83	0.68	0.86	0.84	0.71	-0.74	0.79	0.62	-0.54	0.23	0.12	0.96	0.43	0.29	0.93	1.0	0.79	0.45	-0.09	-0.6	-0.59
Short Long Term Debt Total	0.67	0.8		0.42	0.82	0.62	0.65	0.99	0.65	0.33	-0.49	0.74	0.33	-0.38	0.23	-0.28	0.71	0.34	0.27	0.82	0.79	0.67	0.84	0.06	-0.73	-0.55
Other Current Liab	0.52	0.61	0.42		0.24	0.81	0.54	0.43	0.76	0.41	-0.44	0.58	0.36	-0.37	0.09	0.39	0.5	0.3	0.64	0.52	0.6	0.5	0.2	0.07	-0.29	-0.25
Total Current Liabilities	0.48	0.75	0.82	0.24		0.43	0.36	0.83	0.47	0.66	-0.46	0.47	0.4	-0.41	0.41	-0.51	0.71	0.14	0.14	0.9	0.77	0.48	0.77	-0.1	-0.51	-0.38
Total Stockholder Equity	0.71	0.83	0.62	0.81	0.43		0.7	0.68	0.98	0.47	-0.77	0.78	0.56	-0.55	0.02	0.28	0.78	0.45	0.57	0.69	0.81	0.69	0.3	0.09	-0.49	-0.55
Property Plant And Equipment Net	0.65	0.68	0.65	0.54	0.36	0.7		0.65	0.76	0.29	-0.45	0.97	0.01	-0.28	0.4	0.29	0.57	0.02	0.56	0.58	0.63	0.65	0.38	0.42	-0.5	-0.52
Net Debt	0.69	0.86	0.99	0.43	0.83	0.68	0.65		0.7	0.4	-0.62	0.75	0.41	-0.49	0.19	-0.22	0.78	0.41	0.26	0.86	0.85	0.69	0.78	0.03	-0.71	-0.56
Retained Earnings	0.77	0.84	0.65	0.76	0.47	0.98	0.76	0.7		0.53	-0.78	0.81	0.49	-0.59	0.07	0.28	0.81	0.38	0.57	0.73	0.82	0.75	0.29	0.17	-0.56	-0.61
Accounts Payable	0.49	0.71	0.33	0.41	0.66	0.47	0.29	0.4	0.53		-0.53	0.33	0.49	-0.51	0.34	0.1	0.76	0.08	0.17	0.81	0.74	0.49	0.08	-0.22	-0.28	-0.32
Cash	-0.49	-0.74	-0.49	-0.44	-0.46	-0.77	-0.45	-0.62	-0.78	-0.53		-0.5	-0.57	0.84	0.1	-0.17	-0.78	-0.52	-0.31	-0.65	-0.74	-0.48	-0.17	0.02	0.32	0.38
Non Current Assets Total	0.74	0.79	0.74	0.58	0.47	0.78	0.97	0.75	0.81	0.33	-0.5		0.18	-0.29	0.36	0.22	0.68	0.14	0.53	0.67	0.75	0.73	0.47	0.33	-0.55	-0.59
Non Currrent Assets Other	0.45	0.62	0.33	0.36	0.4	0.56	0.01	0.41	0.49	0.49	-0.57	0.18		-0.27	-0.18	0.1	0.68	0.57	-0.26	0.51	0.66	0.45	0.06	-0.49	-0.43	-0.45
Cash And Short Term Investments	-0.38	-0.54	-0.38	-0.37	-0.41	-0.55	-0.28	-0.49	-0.59	-0.51	0.84	-0.29	-0.27		0.26	-0.1	-0.62	-0.54	-0.44	-0.56	-0.55	-0.37	-0.13	0.07	0.21	0.27
Net Receivables	-0.04	0.23	0.23	0.09	0.41	0.02	0.4	0.19	0.07	0.34	0.1	0.36	-0.18	0.26		-0.22	0.08	-0.74	0.18	0.35	0.21	-0.03	0.38	0.47	0.08	0.16
Non Current Liabilities Total	0.3	0.12	-0.28	0.39	-0.51	0.28	0.29	-0.22	0.28	0.1	-0.17	0.22	0.1	-0.1	-0.22		0.17	0.22	0.12	-0.11	0.11	0.3	-0.67	-0.02	0.02	-0.14
Inventory	0.81	0.96	0.71	0.5	0.71	0.78	0.57	0.78	0.81	0.76	-0.78	0.68	0.68	-0.62	0.08	0.17		0.5	0.19	0.9	0.97	0.81	0.3	-0.17	-0.63	-0.66
Other Current Assets	0.47	0.43	0.34	0.3	0.14	0.45	0.02	0.41	0.38	0.08	-0.52	0.14	0.57	-0.54	-0.74	0.22	0.5		-0.02	0.27	0.45	0.47	0.04	-0.54	-0.38	-0.4
Other Stockholder Equity	0.27	0.29	0.27	0.64	0.14	0.57	0.56	0.26	0.57	0.17	-0.31	0.53	-0.26	-0.44	0.18	0.12	0.19	-0.02		0.29	0.26	0.24	0.26	0.54	0.09	-0.02
Total Liab	0.71	0.93	0.82	0.52	0.9	0.69	0.58	0.86	0.73	0.81	-0.65	0.67	0.51	-0.56	0.35	-0.11	0.9	0.27	0.29		0.94	0.71	0.58	-0.09	-0.59	-0.52
Total Current Assets	0.78	1.0	0.79	0.6	0.77	0.81	0.63	0.85	0.82	0.74	-0.74	0.75	0.66	-0.55	0.21	0.11	0.97	0.45	0.26	0.94		0.78	0.44	-0.14	-0.59	-0.57
Common Stock	1.0	0.79	0.67	0.5	0.48	0.69	0.65	0.69	0.75	0.49	-0.48	0.73	0.45	-0.37	-0.03	0.3	0.81	0.47	0.24	0.71	0.78		0.24	-0.04	-0.74	-0.83
Short Term Debt	0.25	0.45	0.84	0.2	0.77	0.3	0.38	0.78	0.29	0.08	-0.17	0.47	0.06	-0.13	0.38	-0.67	0.3	0.04	0.26	0.58	0.44	0.24		0.17	-0.41	-0.18
Current Deferred Revenue	-0.02	-0.09	0.06	0.07	-0.1	0.09	0.42	0.03	0.17	-0.22	0.02	0.33	-0.49	0.07	0.47	-0.02	-0.17	-0.54	0.54	-0.09	-0.14	-0.04	0.17		0.17	0.12
Intangible Assets	-0.74	-0.6	-0.73	-0.29	-0.51	-0.49	-0.5	-0.71	-0.56	-0.28	0.32	-0.55	-0.43	0.21	0.08	0.02	-0.63	-0.38	0.09	-0.59	-0.59	-0.74	-0.41	0.17		0.88
Good Will	-0.83	-0.59	-0.55	-0.25	-0.38	-0.55	-0.52	-0.56	-0.61	-0.32	0.38	-0.59	-0.45	0.27	0.16	-0.14	-0.66	-0.4	-0.02	-0.52	-0.57	-0.83	-0.18	0.12	0.88

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Hisar Metal Account Relationship Matchups

Hisar Metal fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	1.0B	1.4B	1.4B	1.4B	1.7B	1.1B
Short Long Term Debt Total	629.0M	622.6M	646.0M	684.9M	806.3M	649.5M
Other Current Liab	21.3M	31.2M	36.7M	32.4M	42.9M	45.1M
Total Current Liabilities	493.3M	813.5M	704.1M	687.3M	861.2M	625.5M
Total Stockholder Equity	274.5M	323.2M	438.4M	542.5M	601.8M	631.8M
Property Plant And Equipment Net	222.3M	220.0M	189.8M	246.9M	284.9M	239.1M
Net Debt	627.7M	620.9M	644.9M	683.6M	804.9M	622.0M
Retained Earnings	189.8M	238.5M	203.6M	307.7M	367.0M	385.4M
Accounts Payable	45.1M	350.9M	201.5M	146.7M	210.0M	144.9M
Cash	1.3M	1.7M	1.2M	1.3M	1.4M	1.4M
Non Current Assets Total	233.5M	231.4M	214.5M	273.4M	312M	253.0M
Non Currrent Assets Other	11.2M	31.9M	54.1M	47M	12.1M	16.3M
Cash And Short Term Investments	1.3M	1.7M	1.2M	48.3M	1.8M	1.7M
Net Receivables	(30.4M)	488.4M	(41.3M)	483.3M	500.8M	263.9M
Liabilities And Stockholders Equity	1.0B	1.4B	1.4B	1.4B	1.7B	1.1B
Non Current Liabilities Total	235.1M	224.5M	223.6M	219.8M	234.9M	179.3M
Inventory	416.9M	629.4M	579.8M	548.3M	668.9M	367.0M
Other Current Assets	351.2M	10.4M	570.6M	96.3M	214.3M	109.6M
Total Liab	728.4M	1.0B	927.7M	907.1M	1.1B	872.0M
Total Current Assets	769.4M	1.1B	1.2B	1.2B	1.4B	875.1M
Short Term Debt	421.2M	425.7M	451.3M	502.4M	608.3M	524.2M
Current Deferred Revenue	5.7M	5.7M	(7.4M)	5.8M	8.7M	9.1M
Other Liab	27.3M	27.6M	33.2M	37.4M	43.0M	32.3M
Net Tangible Assets	274.5M	323.2M	438.4M	542.5M	623.9M	315.6M
Other Assets	(2.0)	2.0	2K	(1K)	(900.0)	(855.0)
Long Term Debt	207.7M	196.9M	190.3M	182.5M	198M	180.0M
Short Long Term Debt	421.2M	419M	448.3M	502.4M	608.3M	477.2M
Property Plant Equipment	222.3M	220.0M	189.8M	246.9M	284.0M	241.8M
Short Term Investments	30.0M	31.9M	40.9M	47M	12.1M	11.4M
Net Invested Capital	903.5M	939.1M	1.1B	1.2B	1.4B	1.1B
Net Working Capital	276.1M	316.4M	447.4M	488.9M	524.6M	370.9M

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Other Information on Investing in Hisar Stock

Balance Sheet is a snapshot of the financial position of Hisar Metal Industries at a specified time, usually calculated after every quarter, six months, or one year. Hisar Metal Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Hisar Metal and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Hisar currently owns. An asset can also be divided into two categories, current and non-current.

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Hisar Net Debt vs Non Currrent Assets Other Analysis

Net Debt vs Non Currrent Assets Other

Net Debt vs Non Currrent Assets Other Correlation Analysis

Correlation Coefficient

Net Debt

Non Currrent Assets Other

Hisar Metal fundamental ratios Correlations

Hisar Metal Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Hisar Metal fundamental ratios Accounts

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Other Information on Investing in Hisar Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Common Stock	+ 1.0	Common Stock Shares Outstanding
Total Current Assets	+ 1.0	Total Assets
Net Debt	+ 0.99	Short Long Term Debt Total
Retained Earnings	+ 0.98	Total Stockholder Equity
Non Current Assets Total	+ 0.97	Property Plant And Equipment Net
Total Current Assets	+ 0.97	Inventory

Good Will	- 0.83	Common Stock
Good Will	- 0.83	Common Stock Shares Outstanding
Inventory	- 0.78	Cash
Cash	- 0.78	Retained Earnings
Cash	- 0.77	Total Stockholder Equity
Intangible Assets	- 0.74	Common Stock