Hennessy Cash And Short Term Investments vs Net Invested Capital Analysis
| HCVIW Stock | USD 0.13 0.01 8.33% |
Hennessy Capital financial indicator trend analysis is much more than just examining Hennessy Capital Inv latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Hennessy Capital Inv is a good investment. Please check the relationship between Hennessy Capital Cash And Short Term Investments and its Net Invested Capital accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Hennessy Capital Investment. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.
Cash And Short Term Investments vs Net Invested Capital
Cash And Short Term Investments vs Net Invested Capital Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Hennessy Capital Inv Cash And Short Term Investments account and Net Invested Capital. At this time, the significance of the direction appears to have strong relationship.
The correlation between Hennessy Capital's Cash And Short Term Investments and Net Invested Capital is 0.65. Overlapping area represents the amount of variation of Cash And Short Term Investments that can explain the historical movement of Net Invested Capital in the same time period over historical financial statements of Hennessy Capital Investment, assuming nothing else is changed. The correlation between historical values of Hennessy Capital's Cash And Short Term Investments and Net Invested Capital 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 And Short Term Investments of Hennessy Capital Investment are associated (or correlated) with its Net Invested Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Invested Capital has no effect on the direction of Cash And Short Term Investments i.e., Hennessy Capital's Cash And Short Term Investments and Net Invested Capital go up and down completely randomly.
Correlation Coefficient | 0.65 |
| Relationship Direction | Positive |
| Relationship Strength | Significant |
Cash And Short Term Investments
Short Term Investments is an account in the current assets section of Hennessy Capital Inv balance sheet. This account contains Hennessy Capital investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Hennessy Capital Investment fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.Net Invested Capital
The total amount of capital invested in a company, including both equity and debt, minus any cash or cash equivalents.Most indicators from Hennessy Capital's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Hennessy Capital Inv 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 Hennessy Capital Investment. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product. At this time, Hennessy Capital's Enterprise Value Over EBITDA is fairly stable compared to the past year. Enterprise Value Multiple is likely to climb to 44.53 in 2024, whereas Selling General Administrative is likely to drop slightly above 2.7 M in 2024.
| 2010 | 2022 | 2023 | 2024 (projected) | Interest Expense | 3.2M | 18.5M | 21.3M | 11.9M | Depreciation And Amortization | 415.6K | 2.3M | 16.3M | 17.1M |
Hennessy Capital fundamental ratios Correlations
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Hennessy Capital Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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When running Hennessy Capital's price analysis, check to measure Hennessy Capital's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Hennessy Capital is operating at the current time. Most of Hennessy Capital's value examination focuses on studying past and present price action to predict the probability of Hennessy Capital's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hennessy Capital's price. Additionally, you may evaluate how the addition of Hennessy Capital to your portfolios can decrease your overall portfolio volatility.