HIVE Total Stockholder Equity vs Net Debt Analysis

HIVE Stock  CAD 5.48  0.12  2.14%   
HIVE Blockchain financial indicator trend analysis is much more than just examining HIVE Blockchain Tech latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether HIVE Blockchain Tech is a good investment. Please check the relationship between HIVE Blockchain Total Stockholder Equity and its Net Debt accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in HIVE Blockchain Technologies. 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.

Total Stockholder Equity vs Net Debt

Total Stockholder Equity vs Net Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of HIVE Blockchain Tech Total Stockholder Equity account and Net Debt. At this time, the significance of the direction appears to have strong relationship.
The correlation between HIVE Blockchain's Total Stockholder Equity and Net Debt is 0.72. Overlapping area represents the amount of variation of Total Stockholder Equity that can explain the historical movement of Net Debt in the same time period over historical financial statements of HIVE Blockchain Technologies, assuming nothing else is changed. The correlation between historical values of HIVE Blockchain's Total Stockholder Equity and Net Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Stockholder Equity of HIVE Blockchain Technologies are associated (or correlated) with its Net Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Debt has no effect on the direction of Total Stockholder Equity i.e., HIVE Blockchain's Total Stockholder Equity and Net Debt go up and down completely randomly.

Correlation Coefficient

0.72
Relationship DirectionPositive 
Relationship StrengthSignificant

Total Stockholder Equity

The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.

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.
Most indicators from HIVE Blockchain's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into HIVE Blockchain Tech 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 HIVE Blockchain Technologies. 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, HIVE Blockchain's Selling General Administrative is fairly stable compared to the past year. Tax Provision is likely to climb to about 6.5 M in 2024, whereas Issuance Of Capital Stock is likely to drop slightly above 29 M in 2024.
 2021 2022 2023 2024 (projected)
Interest Expense3.9M3.7M3.6M3.7M
Depreciation And Amortization67.0M81.7M65.9M69.2M

HIVE Blockchain fundamental ratios Correlations

0.920.570.941.00.97-0.690.73-0.590.920.350.970.770.920.70.460.820.950.910.950.970.940.90.950.930.95
0.920.40.910.90.88-0.690.78-0.680.910.440.870.650.870.730.30.860.90.931.00.920.950.90.90.90.94
0.570.40.680.590.54-0.620.25-0.670.340.190.540.410.770.330.680.60.540.610.460.570.60.70.530.70.63
0.940.910.680.940.93-0.70.8-0.80.90.230.880.570.930.570.40.880.960.980.930.950.990.970.950.990.99
1.00.90.590.940.97-0.690.72-0.570.910.330.980.780.920.690.480.810.940.890.930.970.920.890.940.920.94
0.970.880.540.930.97-0.640.83-0.540.950.150.980.710.870.530.440.770.910.890.90.910.910.860.90.910.93
-0.69-0.69-0.62-0.7-0.69-0.64-0.320.71-0.5-0.58-0.69-0.59-0.73-0.72-0.7-0.92-0.57-0.65-0.7-0.67-0.75-0.82-0.56-0.66-0.74
0.730.780.250.80.720.83-0.32-0.540.91-0.220.710.260.60.16-0.020.580.810.830.760.710.80.70.790.80.8
-0.59-0.68-0.67-0.8-0.57-0.540.71-0.54-0.53-0.26-0.46-0.13-0.7-0.43-0.26-0.86-0.69-0.83-0.69-0.69-0.82-0.88-0.68-0.79-0.8
0.920.910.340.90.910.95-0.50.91-0.530.10.90.580.770.490.190.720.930.890.910.90.90.810.930.880.9
0.350.440.190.230.330.15-0.58-0.22-0.260.10.30.60.450.90.450.480.220.230.440.380.310.360.230.220.28
0.970.870.540.880.980.98-0.690.71-0.460.90.30.830.890.650.550.750.860.830.890.890.870.830.860.870.89
0.770.650.410.570.780.71-0.590.26-0.130.580.60.830.750.770.720.520.550.490.680.670.560.540.560.570.57
0.920.870.770.930.920.87-0.730.6-0.70.770.450.890.750.70.610.820.860.90.90.910.910.920.860.950.91
0.70.730.330.570.690.53-0.720.16-0.430.490.90.650.770.70.460.720.590.560.750.720.640.660.60.550.62
0.460.30.680.40.480.44-0.7-0.02-0.260.190.450.550.720.610.460.470.220.280.330.340.370.450.210.40.38
0.820.860.60.880.810.77-0.920.58-0.860.720.480.750.520.820.720.470.80.860.870.850.920.960.80.840.91
0.950.90.540.960.940.91-0.570.81-0.690.930.220.860.550.860.590.220.80.950.930.980.950.911.00.940.96
0.910.930.610.980.890.89-0.650.83-0.830.890.230.830.490.90.560.280.860.950.940.940.980.960.950.980.98
0.951.00.460.930.930.9-0.70.76-0.690.910.440.890.680.90.750.330.870.930.940.950.960.920.920.920.95
0.970.920.570.950.970.91-0.670.71-0.690.90.380.890.670.910.720.340.850.980.940.950.960.930.980.940.96
0.940.950.60.990.920.91-0.750.8-0.820.90.310.870.560.910.640.370.920.950.980.960.960.980.950.971.0
0.90.90.70.970.890.86-0.820.7-0.880.810.360.830.540.920.660.450.960.910.960.920.930.980.90.960.98
0.950.90.530.950.940.9-0.560.79-0.680.930.230.860.560.860.60.210.81.00.950.920.980.950.90.940.95
0.930.90.70.990.920.91-0.660.8-0.790.880.220.870.570.950.550.40.840.940.980.920.940.970.960.940.98
0.950.940.630.990.940.93-0.740.8-0.80.90.280.890.570.910.620.380.910.960.980.950.961.00.980.950.98
Click cells to compare fundamentals

HIVE Blockchain Account Relationship Matchups

HIVE Blockchain fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets29.1M178.3M452.3M196.1M307.6M323.0M
Short Long Term Debt Total5.1M30.9M43.3M35.4M30.7M32.3M
Other Current Liab830.7K73.1K1.0M4.3M7.3M7.7M
Total Current Liabilities7.2M9.9M26.2M21.9M27.4M28.7M
Total Stockholder Equity21.1M134.5M389.1M148.8M259.7M272.7M
Property Plant And Equipment Net8.9M24.7M190.1M98.2M103.8M109.0M
Net Debt(73.1K)(9.4M)38.0M31.0M21.0M22.1M
Retained Earnings(173.2M)(130.6M)(60.2M)(296.7M)(347.9M)(330.5M)
Accounts Payable2.1M3.5M12.4M6.9M7.5M7.8M
Cash5.1M40.3M5.3M4.4M9.7M5.6M
Non Current Assets Total10.8M70.8M252.0M113.6M122.4M128.5M
Non Currrent Assets Other1.6M45.5M61.5M15.4M18.5M20.6M
Cash And Short Term Investments5.1M41.3M22.3M7.2M16.7M17.5M
Net Receivables9.1M6.8M8.0M9.4M6.9M4.4M
Common Stock Shares Outstanding65.4M73.3M84.8M82.9M90.0M94.5M
Liabilities And Stockholders Equity29.1M178.3M452.3M196.1M307.6M323.0M
Other Current Assets3.5M57.5M176.8M75.3M168.6M177.0M
Other Stockholder Equity5.4M5.7M15.2M35.6M41.0M43.0M
Total Liab8.0M43.9M63.2M47.3M47.9M50.3M
Total Current Assets18.3M107.5M200.3M82.5M185.2M194.5M
Short Term Debt4.3M6.3M12.8M10.7M12.6M13.2M
Common Stock188.5M259.9M413.7M419.2M499.2M524.2M
Inventory3.5M57.5M170.0M65.9M161.6M169.7M
Accumulated Other Comprehensive Income5.7M5.2M35.6M26.3M108.4M113.8M
Net Tangible Assets21.9M21.1M127.5M388.7M447.0M469.4M
Short Long Term Debt2.7M4.4M10.6M8.4M10.1M10.6M
Property Plant Equipment12.1M8.7M24.6M190.1M218.7M229.6M
Non Current Liabilities Total775.5K34.0M37.1M25.4M20.5M16.2M
Short Term Investments3.5M981.7K17.0M2.9M7.0M6.5M
Net Invested Capital23.8M162.3M419.7M173.8M282.2M194.5M
Net Working Capital11.1M97.7M174.1M60.6M157.9M86.3M
Capital Stock188.5M259.9M413.7M419.2M499.2M360.9M

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Additional Tools for HIVE Stock Analysis

When running HIVE Blockchain's price analysis, check to measure HIVE Blockchain'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 HIVE Blockchain is operating at the current time. Most of HIVE Blockchain's value examination focuses on studying past and present price action to predict the probability of HIVE Blockchain's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move HIVE Blockchain's price. Additionally, you may evaluate how the addition of HIVE Blockchain to your portfolios can decrease your overall portfolio volatility.