Hemisphere Cash vs Total Current Liabilities Analysis

HME Stock

CAD 1.85 0.01 0.54%

Hemisphere Energy financial indicator trend analysis is much more than just examining Hemisphere Energy latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Hemisphere Energy is a good investment. Please check the relationship between Hemisphere Energy Cash and its Total Current Liabilities accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Hemisphere Energy. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Cash vs Total Current Liabilities

Cash vs Total Current Liabilities Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Hemisphere Energy Cash account and Total Current Liabilities. At this time, the significance of the direction appears to have very week relationship.

The correlation between Hemisphere Energy's Cash and Total Current Liabilities is 0.26. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of Hemisphere Energy, assuming nothing else is changed. The correlation between historical values of Hemisphere Energy's Cash and Total Current Liabilities is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash of Hemisphere Energy are associated (or correlated) with its Total Current Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Liabilities has no effect on the direction of Cash i.e., Hemisphere Energy's Cash and Total Current Liabilities go up and down completely randomly.

Correlation Coefficient

0.26

Relationship Direction	Positive
Relationship Strength	Very Weak

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Cash

Cash refers to the most liquid asset of Hemisphere Energy, which is listed under current asset account on Hemisphere Energy balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Hemisphere Energy customers. The amounts must be unrestricted with restricted cash listed in a different Hemisphere Energy account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.

Total Current Liabilities

Total Current Liabilities is an item on Hemisphere Energy balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Hemisphere Energy are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.

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

At this time, Hemisphere Energy's Selling General Administrative is fairly stable compared to the past year. Tax Provision is likely to climb to about 10 M in 2025, whereas Sales General And Administrative To Revenue is likely to drop 0.07 in 2025.

Hemisphere Energy fundamental ratios Correlations

	Total Assets	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	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Stockholder Equity	Total Liab	Total Current Assets	Other Current Liab	Other Current Assets	Short Long Term Debt Total	Other Liab	Net Tangible Assets	Other Assets	Short Long Term Debt	Short Term Debt	Common Stock
Total Assets		0.57	0.89	0.99	-0.08	0.27	0.27	0.7	0.99	0.79	0.66	0.9	0.93	0.55	-0.34	0.74	0.88	-0.02	0.91	0.09	0.97	0.82	-0.01	0.87	-0.24	0.9
Total Current Liabilities	0.57		0.64	0.58	-0.3	0.27	0.4	0.26	0.58	0.37	0.36	0.54	0.56	-0.12	-0.31	0.24	0.46	0.21	0.45	-0.28	0.52	0.59	0.04	0.36	0.18	0.53
Total Stockholder Equity	0.89	0.64		0.85	-0.51	0.62	0.3	0.8	0.86	0.81	0.8	0.92	0.75	0.14	-0.08	0.36	0.92	-0.14	0.83	-0.36	0.87	0.97	-0.13	0.58	-0.22	0.76
Property Plant And Equipment Net	0.99	0.58	0.85		0.02	0.17	0.3	0.61	1.0	0.72	0.58	0.86	0.96	0.6	-0.41	0.79	0.81	0.05	0.88	0.17	0.97	0.77	0.03	0.9	-0.21	0.92
Net Debt	-0.08	-0.3	-0.51	0.02		-0.91	-0.12	-0.49	0.0	-0.37	-0.54	-0.36	0.16	0.71	-0.48	0.59	-0.42	0.28	-0.16	0.97	-0.09	-0.6	0.32	0.34	0.07	0.03
Retained Earnings	0.27	0.27	0.62	0.17	-0.91		0.07	0.64	0.19	0.53	0.65	0.54	-0.04	-0.46	0.33	-0.35	0.61	-0.31	0.4	-0.83	0.3	0.73	-0.24	-0.13	-0.33	0.14
Accounts Payable	0.27	0.4	0.3	0.3	-0.12	0.07		-0.18	0.29	-0.1	-0.18	0.34	0.24	-0.03	0.12	0.11	0.12	0.81	0.18	-0.19	0.2	0.28	0.22	0.08	-0.16	0.27
Cash	0.7	0.26	0.8	0.61	-0.49	0.64	-0.18		0.63	0.95	0.98	0.71	0.51	0.17	0.06	0.26	0.9	-0.59	0.73	-0.26	0.67	0.77	-0.16	0.44	-0.24	0.51
Non Current Assets Total	0.99	0.58	0.86	1.0	0.0	0.19	0.29	0.63		0.74	0.6	0.87	0.96	0.59	-0.4	0.78	0.82	0.03	0.88	0.16	0.97	0.78	0.03	0.89	-0.21	0.91
Non Currrent Assets Other	0.79	0.37	0.81	0.72	-0.37	0.53	-0.1	0.95	0.74		0.92	0.77	0.64	0.31	-0.1	0.43	0.93	-0.46	0.8	-0.15	0.76	0.77	-0.2	0.61	-0.12	0.62
Cash And Short Term Investments	0.66	0.36	0.8	0.58	-0.54	0.65	-0.18	0.98	0.6	0.92		0.67	0.49	0.06	0.07	0.19	0.87	-0.6	0.67	-0.33	0.62	0.76	-0.13	0.36	-0.17	0.46
Net Receivables	0.9	0.54	0.92	0.86	-0.36	0.54	0.34	0.71	0.87	0.77	0.67		0.74	0.32	-0.11	0.5	0.93	0.04	0.89	-0.21	0.89	0.9	-0.24	0.67	-0.39	0.77
Common Stock Shares Outstanding	0.93	0.56	0.75	0.96	0.16	-0.04	0.24	0.51	0.96	0.64	0.49	0.74		0.64	-0.43	0.82	0.69	0.04	0.77	0.29	0.89	0.62	0.01	0.91	-0.03	0.88
Non Current Liabilities Total	0.55	-0.12	0.14	0.6	0.71	-0.46	-0.03	0.17	0.59	0.31	0.06	0.32	0.64		-0.49	0.94	0.31	0.09	0.51	0.83	0.55	0.05	0.15	0.82	-0.25	0.54
Other Stockholder Equity	-0.34	-0.31	-0.08	-0.41	-0.48	0.33	0.12	0.06	-0.4	-0.1	0.07	-0.11	-0.43	-0.49		-0.59	-0.05	0.0	-0.21	-0.5	-0.41	-0.08	-0.24	-0.6	-0.29	-0.53
Total Liab	0.74	0.24	0.36	0.79	0.59	-0.35	0.11	0.26	0.78	0.43	0.19	0.5	0.82	0.94	-0.59		0.46	0.17	0.66	0.72	0.72	0.26	0.16	0.92	-0.18	0.72
Total Current Assets	0.88	0.46	0.92	0.81	-0.42	0.61	0.12	0.9	0.82	0.93	0.87	0.93	0.69	0.31	-0.05	0.46		-0.24	0.91	-0.22	0.86	0.89	-0.22	0.63	-0.36	0.7
Other Current Liab	-0.02	0.21	-0.14	0.05	0.28	-0.31	0.81	-0.59	0.03	-0.46	-0.6	0.04	0.04	0.09	0.0	0.17	-0.24		-0.04	0.14	-0.06	-0.15	0.17	0.01	-0.17	0.01
Other Current Assets	0.91	0.45	0.83	0.88	-0.16	0.4	0.18	0.73	0.88	0.8	0.67	0.89	0.77	0.51	-0.21	0.66	0.91	-0.04		0.01	0.91	0.79	-0.15	0.77	-0.47	0.78
Short Long Term Debt Total	0.09	-0.28	-0.36	0.17	0.97	-0.83	-0.19	-0.26	0.16	-0.15	-0.33	-0.21	0.29	0.83	-0.5	0.72	-0.22	0.14	0.01		0.07	-0.46	0.31	0.48	0.01	0.16
Other Liab	0.97	0.52	0.87	0.97	-0.09	0.3	0.2	0.67	0.97	0.76	0.62	0.89	0.89	0.55	-0.41	0.72	0.86	-0.06	0.91	0.07		0.84	-0.08	0.89	-0.23	0.93
Net Tangible Assets	0.82	0.59	0.97	0.77	-0.6	0.73	0.28	0.77	0.78	0.77	0.76	0.9	0.62	0.05	-0.08	0.26	0.89	-0.15	0.79	-0.46	0.84		-0.16	0.51	-0.25	0.72
Other Assets	-0.01	0.04	-0.13	0.03	0.32	-0.24	0.22	-0.16	0.03	-0.2	-0.13	-0.24	0.01	0.15	-0.24	0.16	-0.22	0.17	-0.15	0.31	-0.08	-0.16		-0.04	-0.02	0.0
Short Long Term Debt	0.87	0.36	0.58	0.9	0.34	-0.13	0.08	0.44	0.89	0.61	0.36	0.67	0.91	0.82	-0.6	0.92	0.63	0.01	0.77	0.48	0.89	0.51	-0.04		-0.06	0.88
Short Term Debt	-0.24	0.18	-0.22	-0.21	0.07	-0.33	-0.16	-0.24	-0.21	-0.12	-0.17	-0.39	-0.03	-0.25	-0.29	-0.18	-0.36	-0.17	-0.47	0.01	-0.23	-0.25	-0.02	-0.06		-0.07
Common Stock	0.9	0.53	0.76	0.92	0.03	0.14	0.27	0.51	0.91	0.62	0.46	0.77	0.88	0.54	-0.53	0.72	0.7	0.01	0.78	0.16	0.93	0.72	0.0	0.88	-0.07

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Hemisphere Energy Account Relationship Matchups

Hemisphere Energy fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	52.5M	67.1M	78.0M	90.7M	104.3M	109.6M
Total Current Liabilities	2.4M	14.6M	7.8M	11.4M	13.1M	13.8M
Total Stockholder Equity	16.3M	25.8M	53M	61.2M	70.4M	73.9M
Property Plant And Equipment Net	48.9M	61.8M	72.1M	74.1M	85.3M	89.5M
Net Debt	24.9M	20.7M	3.8M	(3.8M)	(4.4M)	(4.1M)
Retained Earnings	(39.2M)	(33.3M)	(19.5M)	(8.4M)	(7.5M)	(7.9M)
Accounts Payable	1.3M	7.2M	6.4M	3.3M	3.8M	1.9M
Cash	435.4K	(2.6M)	152K	7.2M	8.3M	8.7M
Non Current Assets Total	49.3M	61.9M	72.2M	76.4M	87.9M	92.3M
Cash And Short Term Investments	435.4K	(2.2M)	152K	7.2M	8.3M	8.7M
Net Receivables	1.9M	4.2M	4.8M	5.8M	6.6M	6.9M
Common Stock Shares Outstanding	88.2M	92.4M	101.2M	101.9M	117.2M	123.0M
Liabilities And Stockholders Equity	52.5M	67.1M	78.0M	90.7M	104.3M	109.6M
Non Current Liabilities Total	33.8M	26.8M	17.2M	18.1M	20.8M	21.9M
Other Stockholder Equity	1.2M	2.6M	5.3M	6.4M	5.8M	10.5M
Total Liab	36.2M	41.3M	25.0M	29.5M	33.9M	35.6M
Total Current Assets	3.2M	5.2M	5.8M	14.3M	16.5M	17.3M
Other Current Liab	2.3M	14.2M	7.2M	184.0K	211.6K	201.0K
Other Current Assets	827.3K	1.0M	828K	1.4M	1.6M	1.7M
Short Long Term Debt Total	25.3M	18.1M	3.9M	3.4M	3.9M	3.7M
Other Liab	7.5M	8.5M	9.1M	13.9M	16.0M	16.8M
Net Tangible Assets	16.8M	16.3M	25.8M	53M	61.0M	64.0M
Other Assets	880.8K	517.2K	380.4K	116K	104.4K	99.2K
Short Term Debt	82.8K	402.6K	633K	702K	631.8K	600.2K
Common Stock	54.3M	56.5M	67.1M	63.2M	72.6M	59.1M
Property Plant Equipment	56.7M	48.9M	61.8M	72.1M	82.9M	51.4M
Current Deferred Revenue	(1.3M)	(7.2M)	(6.4M)	7.2M	8.3M	8.7M
Long Term Debt	33.3M	32.8M	25.0M	15.5M	14.0M	19.8M
Net Invested Capital	41.3M	41.3M	53M	61.2M	70.4M	52.6M
Net Working Capital	784.4K	(9.3M)	(2.0M)	2.9M	2.6M	2.7M
Capital Stock	54.3M	56.5M	67.1M	63.2M	72.6M	64.3M
Capital Lease Obligations	332.5K	2.6M	3.9M	3.4M	3.9M	2.3M
Property Plant And Equipment Gross	109.2M	124.6M	142.8M	160.2M	184.2M	141.5M

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