Hirequest Other Current Assets vs Short Long Term Debt Total Analysis

HQI Stock  USD 15.21  0.28  1.81%   
Hirequest financial indicator trend analysis is much more than just examining Hirequest latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Hirequest is a good investment. Please check the relationship between Hirequest Other Current Assets and its Short Long Term Debt Total accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Hirequest. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in producer price index.
For more detail on how to invest in Hirequest Stock please use our How to Invest in Hirequest guide.

Other Current Assets vs Short Long Term Debt Total

Other Current Assets vs Short Long Term Debt Total Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Hirequest Other Current Assets account and Short Long Term Debt Total. At this time, the significance of the direction appears to have strong relationship.
The correlation between Hirequest's Other Current Assets and Short Long Term Debt Total is 0.74. Overlapping area represents the amount of variation of Other Current Assets that can explain the historical movement of Short Long Term Debt Total in the same time period over historical financial statements of Hirequest, assuming nothing else is changed. The correlation between historical values of Hirequest's Other Current Assets and Short Long Term Debt Total is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Current Assets of Hirequest are associated (or correlated) with its Short Long Term Debt Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Long Term Debt Total has no effect on the direction of Other Current Assets i.e., Hirequest's Other Current Assets and Short Long Term Debt Total go up and down completely randomly.

Correlation Coefficient

0.74
Relationship DirectionPositive 
Relationship StrengthSignificant

Other Current Assets

Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.

Short Long Term Debt Total

Most indicators from Hirequest's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Hirequest 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 Hirequest. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in producer price index.
For more detail on how to invest in Hirequest Stock please use our How to Invest in Hirequest guide.As of now, Hirequest's Sales General And Administrative To Revenue is increasing as compared to previous years. The Hirequest's current Enterprise Value is estimated to increase to about 117.9 M, while Selling General Administrative is projected to decrease to under 13.3 M.
 2021 2022 2023 2024 (projected)
Gross Profit22.6M28.9M37.9M19.5M
Total Revenue22.8M31.0M37.9M59.1M

Hirequest fundamental ratios Correlations

0.980.840.970.910.71-0.260.95-0.320.820.970.950.38-0.25-0.350.880.27-0.350.98-0.25-0.660.340.840.970.910.35
0.980.860.930.920.63-0.280.87-0.390.70.940.870.37-0.33-0.340.890.23-0.340.95-0.35-0.650.330.80.970.890.28
0.840.860.810.790.56-0.730.74-0.640.580.90.74-0.1-0.440.130.880.210.130.85-0.55-0.54-0.130.80.830.950.01
0.970.930.810.810.67-0.250.95-0.290.830.950.960.28-0.26-0.250.820.23-0.250.93-0.24-0.70.230.880.890.880.46
0.910.920.790.810.75-0.270.83-0.330.630.910.80.49-0.27-0.470.840.38-0.470.93-0.25-0.50.470.70.960.880.02
0.710.630.560.670.75-0.220.77-0.130.550.770.70.40.02-0.380.470.76-0.380.75-0.02-0.080.370.470.710.72-0.02
-0.26-0.28-0.73-0.25-0.27-0.22-0.210.69-0.14-0.43-0.210.680.39-0.69-0.45-0.11-0.69-0.330.580.090.69-0.42-0.27-0.580.35
0.950.870.740.950.830.77-0.21-0.190.920.930.990.36-0.12-0.330.790.3-0.330.94-0.09-0.630.310.830.90.860.42
-0.32-0.39-0.64-0.29-0.33-0.130.69-0.19-0.08-0.42-0.210.340.44-0.34-0.39-0.05-0.34-0.360.840.090.34-0.36-0.35-0.50.11
0.820.70.580.830.630.55-0.140.92-0.080.740.940.270.0-0.230.71-0.01-0.230.790.03-0.640.220.740.750.680.6
0.970.940.90.950.910.77-0.430.93-0.420.740.910.25-0.34-0.220.860.39-0.220.98-0.36-0.580.210.840.930.960.2
0.950.870.740.960.80.7-0.210.99-0.210.940.910.33-0.14-0.290.810.21-0.290.93-0.1-0.680.280.850.880.840.48
0.380.37-0.10.280.490.40.680.360.340.270.250.330.16-1.00.160.26-1.00.370.3-0.141.00.030.440.070.23
-0.25-0.33-0.44-0.26-0.270.020.39-0.120.440.0-0.34-0.140.16-0.16-0.320.06-0.16-0.280.490.210.17-0.37-0.23-0.360.03
-0.35-0.340.13-0.25-0.47-0.38-0.69-0.33-0.34-0.23-0.22-0.29-1.0-0.16-0.14-0.261.0-0.34-0.30.11-1.00.0-0.41-0.05-0.2
0.880.890.880.820.840.47-0.450.79-0.390.710.860.810.16-0.32-0.140.01-0.140.89-0.33-0.720.130.770.890.840.17
0.270.230.210.230.380.76-0.110.3-0.05-0.010.390.210.260.06-0.260.01-0.260.34-0.060.230.250.080.290.35-0.39
-0.35-0.340.13-0.25-0.47-0.38-0.69-0.33-0.34-0.23-0.22-0.29-1.0-0.161.0-0.14-0.26-0.34-0.30.11-1.00.0-0.41-0.05-0.2
0.980.950.850.930.930.75-0.330.94-0.360.790.980.930.37-0.28-0.340.890.34-0.34-0.29-0.610.330.790.980.910.23
-0.25-0.35-0.55-0.24-0.25-0.020.58-0.090.840.03-0.36-0.10.30.49-0.3-0.33-0.06-0.3-0.290.050.3-0.29-0.26-0.390.03
-0.66-0.65-0.54-0.7-0.5-0.080.09-0.630.09-0.64-0.58-0.68-0.140.210.11-0.720.230.11-0.610.05-0.1-0.78-0.58-0.55-0.4
0.340.33-0.130.230.470.370.690.310.340.220.210.281.00.17-1.00.130.25-1.00.330.3-0.1-0.020.410.040.2
0.840.80.80.880.70.47-0.420.83-0.360.740.840.850.03-0.370.00.770.080.00.79-0.29-0.78-0.020.740.880.32
0.970.970.830.890.960.71-0.270.9-0.350.750.930.880.44-0.23-0.410.890.29-0.410.98-0.26-0.580.410.740.890.19
0.910.890.950.880.880.72-0.580.86-0.50.680.960.840.07-0.36-0.050.840.35-0.050.91-0.39-0.550.040.880.890.06
0.350.280.010.460.02-0.020.350.420.110.60.20.480.230.03-0.20.17-0.39-0.20.230.03-0.40.20.320.190.06
Click cells to compare fundamentals

Hirequest Account Relationship Matchups

Hirequest fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets46.9M49.1M77.4M103.3M103.8M109.0M
Total Stockholder Equity31.3M36.4M46.7M58.3M62.7M65.9M
Retained Earnings3.7M7.7M16.4M25.5M28.3M29.8M
Non Current Assets Total9.9M9.5M35.3M51.4M52.4M55.0M
Common Stock Shares Outstanding11.6M13.7M13.6M13.7M13.8M14.5M
Liabilities And Stockholders Equity46.9M49.1M77.4M103.3M103.8M109.0M
Non Current Liabilities Total4.6M3.3M9.1M8.2M5.4M3.4M
Other Stockholder Equity27.6M28.7M30.3M32.7M34.4M41.5M
Total Liab15.6M12.7M30.6M45.0M41.1M43.1M
Common Stock13.5K13.6K13.7K14K16.1K30.9K
Short Long Term Debt Total853.6K398.9K3.2M16.5M14.8M15.5M
Other Current Liab10.8M9.0M20.0M23.1M20.9M22.0M
Total Current Liabilities11.0M9.5M21.5M36.8M35.7M37.5M
Net Debt(4.2M)(13.7M)2.0M13.5M13.4M14.1M
Accounts Payable253.8K457.5K1.1M448K137K130.2K
Cash4.2M13.7M1.3M3.0M1.3M1.3M
Non Currrent Assets Other8.0M5.9M4.0M7.3M10.6M11.2M
Other Assets8.0M623.5K25.3M7.3M1.00.95
Cash And Short Term Investments4.2M13.7M1.3M3.0M1.3M1.3M
Net Receivables31.6M23.5M38.2M46.5M46.2M48.5M
Common Stock Total Equity13.5K13.6K13.7K14K16.1K29.1K
Inventory1.0M1.4M369.2K915K1.1M1.1M
Other Current Assets201.4K1.8M2.5M2.3M3.9M4.1M
Total Current Assets37.0M39.0M42.0M51.9M51.5M54.0M
Property Plant And Equipment Net1.9M3.2M4.5M4.4M4.3M4.5M
Current Deferred Revenue1.7M1.8M15.7M3.9M4.5M2.7M
Property Plant And Equipment Gross1.9M3.2M4.5M4.4M5.3M5.6M
Short Term Debt853.6K398.9K381K13.2M14.6M15.4M
Capital Surpluse27.6M28.8M30.5M32.8M29.6M35.8M
Property Plant Equipment1.9M3.2M4.5M4.4M5.0M5.3M
Short Long Term Debt853.6K398.9K381.5K13.2M14.6M15.4M
Other Liab4.6M3.3M6.3M5.0M5.7M3.8M
Net Tangible Assets31.3M36.0M46.7M47.6M54.7M33.9M
Net Invested Capital31.3M36.4M50.0M74.8M77.5M48.5M
Net Working Capital26.0M29.5M20.5M15.2M15.7M21.1M
Capital Stock13.5K13.6K13.7K14K16.1K13.5K

Currently Active Assets on Macroaxis

When determining whether Hirequest offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Hirequest's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Hirequest Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Hirequest Stock:
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Hirequest. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in producer price index.
For more detail on how to invest in Hirequest Stock please use our How to Invest in Hirequest guide.
You can also try the Sectors module to list of equity sectors categorizing publicly traded companies based on their primary business activities.
Is Human Resource & Employment Services space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Hirequest. If investors know Hirequest will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Hirequest listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.007
Dividend Share
0.24
Earnings Share
0.14
Revenue Per Share
2.626
Quarterly Revenue Growth
0.016
The market value of Hirequest is measured differently than its book value, which is the value of Hirequest that is recorded on the company's balance sheet. Investors also form their own opinion of Hirequest's value that differs from its market value or its book value, called intrinsic value, which is Hirequest's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Hirequest's market value can be influenced by many factors that don't directly affect Hirequest's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Hirequest's value and its price as these two are different measures arrived at by different means. Investors typically determine if Hirequest is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Hirequest's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.