DINO Non Current Assets Total vs Total Current Assets Analysis
DINO Stock | USD 40.93 0.05 0.12% |
HF Sinclair financial indicator trend analysis is much more than just examining HF Sinclair Corp latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether HF Sinclair Corp is a good investment. Please check the relationship between HF Sinclair Non Current Assets Total and its Total Current Assets accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in HF Sinclair Corp. 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.
Non Current Assets Total vs Total Current Assets
Non Current Assets Total vs Total Current Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of HF Sinclair Corp Non Current Assets Total account and Total Current Assets. At this time, the significance of the direction appears to have strong relationship.
The correlation between HF Sinclair's Non Current Assets Total and Total Current Assets is 0.76. Overlapping area represents the amount of variation of Non Current Assets Total that can explain the historical movement of Total Current Assets in the same time period over historical financial statements of HF Sinclair Corp, assuming nothing else is changed. The correlation between historical values of HF Sinclair's Non Current Assets Total and Total Current Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Non Current Assets Total of HF Sinclair Corp are associated (or correlated) with its Total Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Assets has no effect on the direction of Non Current Assets Total i.e., HF Sinclair's Non Current Assets Total and Total Current Assets go up and down completely randomly.
Correlation Coefficient | 0.76 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Non Current Assets Total
The total value of a company's long-term assets, which are not expected to be converted into cash or used up within one year or the operating cycle, including property, plant, and equipment, and intangible assets.Total Current Assets
The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.Most indicators from HF Sinclair's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into HF Sinclair Corp 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in HF Sinclair Corp. 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, HF Sinclair's Selling General Administrative is very stable compared to the past year. As of the 1st of December 2024, Tax Provision is likely to grow to about 702.3 M, while Sales General And Administrative To Revenue is likely to drop 0.01.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 125.2M | 175.6M | 190.8M | 200.3M | Depreciation And Amortization | 503.5M | 656.8M | 770.6M | 809.1M |
HF Sinclair fundamental ratios Correlations
Click cells to compare fundamentals
HF Sinclair Account Relationship Matchups
High Positive Relationship
High Negative Relationship
HF Sinclair fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 12.2B | 11.5B | 12.9B | 18.1B | 17.7B | 18.6B | |
Short Long Term Debt Total | 2.8B | 3.4B | 3.4B | 3.6B | 3.1B | 3.3B | |
Other Current Liab | 366.0M | 276.3M | 341.4M | 494.5M | 453.0M | 475.7M | |
Total Current Liabilities | 1.7B | 1.4B | 2.1B | 3.2B | 2.8B | 2.9B | |
Total Stockholder Equity | 6.0B | 5.2B | 5.7B | 9.2B | 10.2B | 10.7B | |
Property Plant And Equipment Net | 5.3B | 4.9B | 5.8B | 7.0B | 7.0B | 7.3B | |
Net Debt | 1.9B | 2.1B | 3.2B | 1.9B | 1.7B | 1.8B | |
Retained Earnings | 4.7B | 3.9B | 4.4B | 4.1B | 5.4B | 5.6B | |
Cash | 885.2M | 1.4B | 234.4M | 1.7B | 1.4B | 1.4B | |
Non Current Assets Total | 8.9B | 8.2B | 9.2B | 11.4B | 11.6B | 12.1B | |
Non Currrent Assets Other | 821.4M | 643.7M | 751.0M | 895.2M | 1.2B | 1.3B | |
Cash And Short Term Investments | 885.2M | 1.4B | 234.4M | 1.7B | 1.4B | 1.4B | |
Net Receivables | 879.7M | 630.0M | 1.2B | 1.6B | 1.7B | 1.8B | |
Common Stock Shares Outstanding | 167.4M | 162.0M | 162.6M | 202.6M | 190.0M | 161.5M | |
Liabilities And Stockholders Equity | 12.2B | 11.5B | 12.9B | 18.1B | 17.7B | 18.6B | |
Non Current Liabilities Total | 4.0B | 4.4B | 4.6B | 4.9B | 4.7B | 4.9B | |
Inventory | 1.5B | 1.2B | 2.1B | 3.2B | 2.9B | 3.1B | |
Other Current Assets | 67.1M | 138.9M | 164.0M | 165.6M | 145.8M | 80.7M | |
Other Stockholder Equity | 1.2B | 1.2B | 1.3B | 5.1B | 4.8B | 5.0B | |
Total Liab | 5.7B | 5.8B | 6.6B | 8.1B | 7.5B | 7.9B | |
Total Current Assets | 3.3B | 3.3B | 3.8B | 6.7B | 6.1B | 6.5B | |
Short Term Debt | 104.4M | 97.9M | 110.6M | 416.9M | 107.0M | 101.6M | |
Accounts Payable | 1.2B | 1.0B | 1.6B | 2.3B | 2.2B | 2.3B | |
Property Plant And Equipment Gross | 5.3B | 4.9B | 8.8B | 10.5B | 10.9B | 11.4B | |
Accumulated Other Comprehensive Income | 14.8M | 13.5M | 2.7M | (22.0M) | (11.8M) | (12.4M) | |
Other Assets | 821.4M | 643.7M | 9.7B | 895.2M | 1.0B | 720.5M | |
Long Term Debt | 2.5B | 3.1B | 3.1B | 2.9B | 2.7B | 1.5B | |
Treasury Stock | (2.5B) | (3.0B) | (3.0B) | (3.0B) | (2.7B) | (2.5B) | |
Property Plant Equipment | 4.8B | 4.9B | 5.8B | 7.0B | 8.1B | 8.5B | |
Other Liab | 1.1B | 975.9M | 1.1B | 1.6B | 1.9B | 1.9B | |
Intangible Assets | 373.5M | 334.8M | 299.1M | 463.7M | 410.6M | 431.2M | |
Good Will | 2.4B | 2.3B | 2.3B | 3.0B | 3.0B | 2.2B | |
Net Tangible Assets | 6.3B | 5.5B | 6.0B | 5.8B | 6.7B | 5.8B | |
Noncontrolling Interest In Consolidated Entity | 540.5M | 531.2M | 553.8M | 606.6M | 545.9M | 462.3M | |
Retained Earnings Total Equity | 4.2B | 4.7B | 3.9B | 4.4B | 5.1B | 3.6B |
Pair Trading with HF Sinclair
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if HF Sinclair position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in HF Sinclair will appreciate offsetting losses from the drop in the long position's value.Moving together with DINO Stock
Moving against DINO Stock
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The ability to find closely correlated positions to HF Sinclair could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace HF Sinclair when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back HF Sinclair - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling HF Sinclair Corp to buy it.
The correlation of HF Sinclair is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as HF Sinclair moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if HF Sinclair Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for HF Sinclair can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in HF Sinclair Corp. 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. You can also try the Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.
Is Oil & Gas Refining & Marketing 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 HF Sinclair. If investors know DINO 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 HF Sinclair 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 (0.70) | Dividend Share 1.95 | Earnings Share 1.73 | Revenue Per Share 155.095 | Quarterly Revenue Growth (0.19) |
The market value of HF Sinclair Corp is measured differently than its book value, which is the value of DINO that is recorded on the company's balance sheet. Investors also form their own opinion of HF Sinclair's value that differs from its market value or its book value, called intrinsic value, which is HF Sinclair'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 HF Sinclair's market value can be influenced by many factors that don't directly affect HF Sinclair'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 HF Sinclair's value and its price as these two are different measures arrived at by different means. Investors typically determine if HF Sinclair is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, HF Sinclair'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.