Hi-Tech Historical Balance Sheet

HITECHGEAR   607.55  8.30  1.39%   
Trend analysis of The Hi Tech Gears balance sheet accounts such as Other Current Liabilities of 425.6 M or Total Current Liabilities of 1.9 B provides information on Hi-Tech Gears' total assets, liabilities, and equity, which is the actual value of Hi-Tech Gears to its prevalent stockholders. By breaking down trends over time using Hi-Tech Gears balance sheet statements, investors will see what precisely the company owns and what it owes to creditors or other parties at the end of each accounting year.
 
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Financial Statement Analysis is much more than just reviewing and examining Hi-Tech Gears latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Hi-Tech Gears is a good buy for the upcoming year.

Hi-Tech Gears Inventory

1.49 Billion

  
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in The Hi Tech Gears. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

About Hi-Tech Balance Sheet Analysis

Balance Sheet is a snapshot of the financial position of Hi-Tech Gears at a specified time, usually calculated after every quarter, six months, or one year. Hi-Tech Gears Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Hi-Tech Gears 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 Hi-Tech currently owns. An asset can also be divided into two categories, current and non-current.

Hi-Tech Gears Balance Sheet Chart

At this time, Hi-Tech Gears' Cash is most likely to increase significantly in the upcoming years. The Hi-Tech Gears' current Non Currrent Assets Other is estimated to increase to about 369.4 M, while Short and Long Term Debt Total is projected to decrease to roughly 2.2 B.

Total Assets

Total assets refers to the total amount of Hi-Tech Gears assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Hi-Tech Gears books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.

Total Current Liabilities

Total Current Liabilities is an item on Hi-Tech Gears balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of The Hi Tech Gears 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 accounts from Hi-Tech Gears' balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts one by one will only give a small insight into Hi-Tech Gears current financial condition. On the other hand, looking into the entire matrix of balance sheet accounts, 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 The Hi Tech Gears. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.
At this time, Hi-Tech Gears' Cash is most likely to increase significantly in the upcoming years. The Hi-Tech Gears' current Non Currrent Assets Other is estimated to increase to about 369.4 M, while Short and Long Term Debt Total is projected to decrease to roughly 2.2 B.
 2022 2023 2024 2025 (projected)
Short and Long Term Debt Total4.6B3.0B3.4B2.2B
Total Assets9.9B9.1B10.4B5.9B

Hi-Tech Gears balance sheet Correlations

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0.940.290.870.520.91.00.90.790.95-0.10.950.73-0.040.940.760.39-0.460.990.80.260.740.80.020.540.12
0.280.290.270.110.350.260.220.440.36-0.210.360.050.060.370.090.47-0.170.350.180.56-0.020.310.13-0.020.27
0.960.870.270.70.950.880.940.590.920.090.890.84-0.140.680.830.45-0.330.90.870.50.910.640.050.67-0.15
0.70.520.110.70.720.550.690.210.660.10.550.89-0.710.340.920.23-0.260.550.910.520.70.4-0.310.98-0.11
0.990.90.350.950.720.920.970.610.98-0.10.910.8-0.160.780.840.47-0.450.930.870.510.820.65-0.10.690.0
0.951.00.260.880.550.920.910.730.96-0.090.940.76-0.060.930.780.37-0.460.990.820.250.770.770.00.570.12
0.960.90.220.940.690.970.910.580.95-0.060.890.81-0.160.760.850.51-0.420.920.870.380.870.58-0.050.69-0.04
0.650.790.440.590.210.610.730.580.72-0.150.830.380.080.830.420.44-0.340.790.480.210.290.850.190.170.1
0.990.950.360.920.660.980.960.950.72-0.140.950.77-0.120.860.810.43-0.470.970.850.470.760.77-0.090.640.07
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0.930.950.360.890.550.910.940.890.830.95-0.180.69-0.040.870.740.44-0.560.960.780.340.710.81-0.010.530.02
0.820.730.050.840.890.80.760.810.380.770.240.69-0.560.550.950.23-0.20.740.970.40.860.54-0.080.9-0.13
-0.15-0.040.06-0.14-0.71-0.16-0.06-0.160.08-0.12-0.15-0.04-0.560.02-0.570.020.05-0.06-0.54-0.19-0.22-0.090.27-0.73-0.04
0.810.940.370.680.340.780.930.760.830.86-0.250.870.550.020.610.36-0.490.930.640.130.50.80.010.360.31
0.840.760.090.830.920.840.780.850.420.810.040.740.95-0.570.610.32-0.370.770.990.330.840.53-0.190.940.03
0.410.390.470.450.230.470.370.510.440.43-0.010.440.230.020.360.32-0.110.440.340.210.320.170.210.16-0.06
-0.43-0.46-0.17-0.33-0.26-0.45-0.46-0.42-0.34-0.470.75-0.56-0.20.05-0.49-0.37-0.11-0.46-0.340.03-0.23-0.430.57-0.29-0.26
0.950.990.350.90.550.930.990.920.790.97-0.110.960.74-0.060.930.770.44-0.460.810.330.740.80.030.550.12
0.880.80.180.870.910.870.820.870.480.850.090.780.97-0.540.640.990.34-0.340.810.420.840.61-0.130.92-0.03
0.470.260.560.50.520.510.250.380.210.47-0.010.340.4-0.190.130.330.210.030.330.420.290.3-0.20.35-0.14
0.830.74-0.020.910.70.820.770.870.290.760.210.710.86-0.220.50.840.32-0.230.740.840.290.360.050.73-0.19
0.720.80.310.640.40.650.770.580.850.77-0.110.810.54-0.090.80.530.17-0.430.80.610.30.36-0.030.390.11
-0.070.020.130.05-0.31-0.10.0-0.050.19-0.090.72-0.01-0.080.270.01-0.190.210.570.03-0.13-0.20.05-0.03-0.3-0.27
0.690.54-0.020.670.980.690.570.690.170.640.110.530.9-0.730.360.940.16-0.290.550.920.350.730.39-0.3-0.06
0.010.120.27-0.15-0.110.00.12-0.040.10.07-0.550.02-0.13-0.040.310.03-0.06-0.260.12-0.03-0.14-0.190.11-0.27-0.06
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Hi-Tech Gears Account Relationship Matchups

Hi-Tech Gears balance sheet Accounts

202020212022202320242025 (projected)
Total Assets9.2B10.0B9.9B9.1B10.4B5.9B
Short Long Term Debt Total4.3B4.7B4.6B3.0B3.4B2.2B
Other Current Liab526.7M493.2M458.2M288.8M332.2M425.6M
Total Current Liabilities2.6B3.4B3.8B2.9B3.4B1.9B
Total Stockholder Equity3.2B3.3B3.5B4.7B5.4B5.6B
Property Plant And Equipment Net4.2B4.5B4.2B3.9B4.5B2.8B
Net Debt3.8B4.1B4.2B2.8B3.3B2.0B
Accounts Payable1.1B1.4B1.2B1.1B1.2B721.6M
Cash512.1M609.1M334.5M139.8M160.8M246.5M
Non Current Assets Total5.7B5.9B5.4B4.9B5.7B3.5B
Non Currrent Assets Other164.6M10K96.7M390.9M351.8M369.4M
Cash And Short Term Investments766.3M862.8M885.4M530.3M609.8M370.1M
Net Receivables1.5B1.8B2.2B2.0B2.3B2.4B
Liabilities And Stockholders Equity9.2B10.0B9.9B9.1B10.4B5.9B
Non Current Liabilities Total3.4B3.3B2.5B1.5B1.7B1.7B
Inventory911.2M1.2B1.2B1.2B1.4B1.5B
Other Current Assets456.9M2.1B445.7M388.1M446.3M413.4M
Total Liab6.0B6.7B6.3B4.4B5.1B3.6B
Total Current Assets3.5B4.1B4.5B4.2B4.8B5.0B
Accumulated Other Comprehensive Income512.9M652.1M676.3M382.5M439.9M461.8M
Short Term Debt957.3M1.5B2.2B1.5B1.8B907.8M
Intangible Assets610.1M580.9M526.3M478.6M550.4M462.5M
Current Deferred Revenue526.7M406.9M354.1M22.5M20.2M19.2M
Retained Earnings2.5B2.5B3.0B4.1B4.7B4.9B
Other Liab163.7M176.8M91.9M83.3M95.8M117.2M
Net Tangible Assets1.6B1.7B2.1B2.2B2.5B1.9B
Other Assets217.1M205.3M140.0M131.4M151.2M143.9M
Long Term Debt3.3B3.0B2.2B530.3M609.8M579.4M
Short Long Term Debt406.8M1.4B2.1B1.4B1.6B934.0M
Property Plant Equipment3.7B4.2B4.5B4.2B4.9B3.5B
Good Will534.5M557.3M314.5M320.0M368.0M439.0M
Short Term Investments254.2M253.7M550.9M390.4M449.0M234.2M
Long Term Debt Total3.0B3.3B3.2B2.4B2.8B2.8B
Capital Lease Obligations289.6M265.9M240.4M1.0B1.2B1.3B
Net Invested Capital6.9B7.7B7.9B6.6B7.6B7.6B
Non Current Liabilities Other15.1M12.6M10.1M8.8M7.9M14.2M

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Other Information on Investing in Hi-Tech Stock

Balance Sheet is a snapshot of the financial position of Hi-Tech Gears at a specified time, usually calculated after every quarter, six months, or one year. Hi-Tech Gears Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Hi-Tech Gears 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 Hi-Tech currently owns. An asset can also be divided into two categories, current and non-current.