Hannan Total Assets vs Cash Analysis

HAN Stock  CAD 0.68  0.05  6.85%   
Hannan Metals financial indicator trend analysis is much more than just examining Hannan Metals latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Hannan Metals is a good investment. Please check the relationship between Hannan Metals Total Assets and its Cash accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Hannan Metals. 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.

Total Assets vs Cash

Total Assets vs Cash Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Hannan Metals Total Assets account and Cash. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Hannan Metals' Total Assets and Cash is 0.91. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Cash in the same time period over historical financial statements of Hannan Metals, assuming nothing else is changed. The correlation between historical values of Hannan Metals' Total Assets and Cash 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 Assets of Hannan Metals are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Total Assets i.e., Hannan Metals' Total Assets and Cash go up and down completely randomly.

Correlation Coefficient

0.91
Relationship DirectionPositive 
Relationship StrengthVery Strong

Total Assets

Total assets refers to the total amount of Hannan Metals 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 Hannan Metals 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.

Cash

Cash refers to the most liquid asset of Hannan Metals, which is listed under current asset account on Hannan Metals balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Hannan Metals customers. The amounts must be unrestricted with restricted cash listed in a different Hannan Metals 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.
Most indicators from Hannan Metals' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Hannan Metals 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 Hannan Metals. 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, Hannan Metals' Selling General Administrative is fairly stable compared to the past year. Enterprise Value is likely to climb to about 20.4 M in 2024, whereas Issuance Of Capital Stock is likely to drop slightly above 65.7 K in 2024.
 2021 2022 2023 2024 (projected)
Other Operating Expenses898.2K1.6M1.9M1.1M
Depreciation And Amortization6.5K4.5K5.2K4.9K

Hannan Metals fundamental ratios Correlations

-0.450.970.97-0.860.690.460.910.970.00.84-0.110.910.480.87-0.37-0.530.91-0.47-0.37-0.470.320.890.25-0.630.84
-0.45-0.63-0.530.67-0.590.49-0.35-0.54-0.15-0.37-0.17-0.44-0.72-0.360.380.99-0.370.810.70.82-0.92-0.440.130.55-0.36
0.97-0.630.96-0.890.760.270.890.950.030.77-0.040.860.580.8-0.4-0.70.89-0.6-0.49-0.60.510.840.14-0.690.77
0.97-0.530.96-0.850.650.410.830.990.040.8-0.260.920.60.86-0.42-0.580.82-0.51-0.4-0.510.340.880.37-0.590.86
-0.860.67-0.89-0.85-0.65-0.17-0.75-0.880.15-0.87-0.05-0.87-0.52-0.840.220.74-0.760.770.330.77-0.51-0.89-0.120.6-0.82
0.69-0.590.760.65-0.650.210.530.660.310.470.330.590.220.56-0.44-0.660.56-0.6-0.46-0.590.460.61-0.3-0.990.48
0.460.490.270.41-0.170.210.330.40.00.39-0.280.46-0.320.47-0.010.410.320.210.40.23-0.650.440.32-0.240.49
0.91-0.350.890.83-0.750.530.330.81-0.190.69-0.010.710.380.66-0.31-0.431.0-0.36-0.31-0.360.290.680.1-0.440.6
0.97-0.540.950.99-0.880.660.40.810.020.85-0.220.950.580.9-0.43-0.60.81-0.53-0.41-0.520.350.920.36-0.610.9
0.0-0.150.030.040.150.310.0-0.190.02-0.270.0-0.10.19-0.12-0.19-0.08-0.19-0.08-0.07-0.130.16-0.110.0-0.36-0.11
0.84-0.370.770.8-0.870.470.390.690.85-0.27-0.040.940.390.94-0.3-0.460.7-0.39-0.33-0.390.250.970.31-0.420.94
-0.11-0.17-0.04-0.26-0.050.33-0.28-0.01-0.220.0-0.04-0.23-0.43-0.18-0.21-0.210.05-0.12-0.21-0.140.26-0.1-0.92-0.32-0.29
0.91-0.440.860.92-0.870.590.460.710.95-0.10.94-0.230.510.95-0.33-0.520.71-0.46-0.35-0.450.270.980.42-0.550.97
0.48-0.720.580.6-0.520.22-0.320.380.580.190.39-0.430.510.44-0.23-0.690.36-0.5-0.57-0.520.720.440.51-0.170.47
0.87-0.360.80.86-0.840.560.470.660.9-0.120.94-0.180.950.44-0.33-0.450.66-0.41-0.31-0.40.210.970.4-0.530.96
-0.370.38-0.4-0.420.22-0.44-0.01-0.31-0.43-0.19-0.3-0.21-0.33-0.23-0.330.35-0.320.00.640.01-0.25-0.350.10.42-0.26
-0.530.99-0.7-0.580.74-0.660.41-0.43-0.6-0.08-0.46-0.21-0.52-0.69-0.450.35-0.450.830.70.83-0.91-0.530.150.61-0.43
0.91-0.370.890.82-0.760.560.321.00.81-0.190.70.050.710.360.66-0.32-0.45-0.37-0.33-0.380.310.680.05-0.470.6
-0.470.81-0.6-0.510.77-0.60.21-0.36-0.53-0.08-0.39-0.12-0.46-0.5-0.410.00.83-0.370.191.0-0.64-0.470.10.56-0.4
-0.370.7-0.49-0.40.33-0.460.4-0.31-0.41-0.07-0.33-0.21-0.35-0.57-0.310.640.7-0.330.190.19-0.77-0.360.130.42-0.28
-0.470.82-0.6-0.510.77-0.590.23-0.36-0.52-0.13-0.39-0.14-0.45-0.52-0.40.010.83-0.381.00.19-0.66-0.460.10.55-0.38
0.32-0.920.510.34-0.510.46-0.650.290.350.160.250.260.270.720.21-0.25-0.910.31-0.64-0.77-0.660.28-0.21-0.410.18
0.89-0.440.840.88-0.890.610.440.680.92-0.110.97-0.10.980.440.97-0.35-0.530.68-0.47-0.36-0.460.280.32-0.580.98
0.250.130.140.37-0.12-0.30.320.10.360.00.31-0.920.420.510.40.10.150.050.10.130.1-0.210.320.30.5
-0.630.55-0.69-0.590.6-0.99-0.24-0.44-0.61-0.36-0.42-0.32-0.55-0.17-0.530.420.61-0.470.560.420.55-0.41-0.580.3-0.45
0.84-0.360.770.86-0.820.480.490.60.9-0.110.94-0.290.970.470.96-0.26-0.430.6-0.4-0.28-0.380.180.980.5-0.45
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Hannan Metals Account Relationship Matchups

Hannan Metals fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets6.5M7.2M8.3M11.7M6.9M6.6M
Total Current Liabilities469.5K238.0K283.5K347.5K325.2K308.9K
Total Stockholder Equity6.0M7.0M8.1M11.4M6.6M4.4M
Property Plant And Equipment Net4.7M5.4M5.9M8.3M5.8M4.8M
Net Debt(1.5M)(1.8M)(2.4M)(3.3M)(3.0M)(2.8M)
Retained Earnings(8.8M)(10.3M)(11.2M)(12.9M)(18.6M)(19.6M)
Accounts Payable234.6K238.0K283.5K347.5K325.2K247.1K
Cash1.7M1.8M2.4M3.3M945.4K949.8K
Non Current Assets Total4.7M5.4M5.9M8.3M5.8M6.1M
Cash And Short Term Investments1.7M1.8M2.4M3.3M3.8M4.0M
Net Receivables9.2K16.2K6.7K23.7K21.3K21.4K
Common Stock Shares Outstanding60.1M80.9M91.4M99.6M109.6M115.0M
Liabilities And Stockholders Equity6.5M7.2M8.3M11.7M13.5M14.1M
Other Current Assets85.9K72.3K56.7K97.8K112.5K118.1K
Other Stockholder Equity4.3M4.3M4.3M5.0M4.5M4.2M
Total Liab469.5K238.0K283.5K347.5K325.2K308.9K
Total Current Assets1.8M1.9M2.4M3.4M1.1M1.0M
Other Current Liab20K51.1K49.9K33.2K29.9K28.4K
Accumulated Other Comprehensive Income4.3M4.3M4.3M5.0M5.7M3.8M
Net Tangible Assets6.0M7.0M8.1M11.4M13.1M13.7M
Common Stock10.5M13.0M15.0M19.3M17.4M19.6M
Property Plant Equipment4.7M5.4M5.9M8.3M9.5M10.0M
Net Invested Capital6.2M7.0M8.1M11.4M6.6M6.7M
Net Working Capital1.3M1.7M2.2M3.1M737.9K1.2M
Capital Stock10.5M13.0M15.0M19.3M19.4M15.6M

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Additional Tools for Hannan Stock Analysis

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