HEES Inventory vs Accounts Payable Analysis

HEES Stock  USD 59.74  0.68  1.15%   
HE Equipment financial indicator trend analysis is much more than just examining HE Equipment Services latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether HE Equipment Services is a good investment. Please check the relationship between HE Equipment Inventory and its Accounts Payable accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in HE Equipment Services. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.

Inventory vs Accounts Payable

Inventory vs Accounts Payable Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of HE Equipment Services Inventory account and Accounts Payable. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between HE Equipment's Inventory and Accounts Payable is 0.4. Overlapping area represents the amount of variation of Inventory that can explain the historical movement of Accounts Payable in the same time period over historical financial statements of HE Equipment Services, assuming nothing else is changed. The correlation between historical values of HE Equipment's Inventory and Accounts Payable is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Inventory of HE Equipment Services are associated (or correlated) with its Accounts Payable. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Accounts Payable has no effect on the direction of Inventory i.e., HE Equipment's Inventory and Accounts Payable go up and down completely randomly.

Correlation Coefficient

0.4
Relationship DirectionPositive 
Relationship StrengthWeak

Inventory

Accounts Payable

An accounting item on the balance sheet that represents HE Equipment obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of HE Equipment Services are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.
Most indicators from HE Equipment's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into HE Equipment Services 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 HE Equipment Services. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.
At this time, HE Equipment's Tax Provision is comparatively stable compared to the past year. Enterprise Value Over EBITDA is likely to gain to 7.55 in 2024, despite the fact that Discontinued Operations is likely to grow to (1.3 M).
 2021 2022 2023 2024 (projected)
Gross Profit415.4M555.2M684.5M718.7M
Total Revenue1.1B1.2B1.5B980.4M

HE Equipment fundamental ratios Correlations

0.40.890.960.790.610.270.99-0.270.870.790.270.850.650.480.830.660.47-0.51-0.360.78-0.320.81-0.080.99-0.41
0.40.570.380.430.35-0.050.45-0.030.260.14-0.050.440.680.350.350.30.1-0.69-0.020.10.220.260.00.39-0.67
0.890.570.790.960.580.10.9-0.260.830.670.10.820.50.330.60.430.09-0.36-0.360.63-0.390.55-0.220.91-0.27
0.960.380.790.660.50.10.97-0.220.770.740.10.850.70.610.820.570.63-0.58-0.260.64-0.190.810.150.96-0.5
0.790.430.960.660.520.040.8-0.260.810.630.040.750.250.180.470.27-0.09-0.11-0.380.57-0.520.44-0.30.83-0.01
0.610.350.580.50.520.40.56-0.620.580.310.40.540.430.40.660.660.25-0.32-0.430.52-0.060.6-0.220.55-0.25
0.27-0.050.10.10.040.40.13-0.030.330.341.00.020.24-0.190.420.820.09-0.15-0.240.71-0.250.45-0.520.12-0.17
0.990.450.90.970.80.560.13-0.260.850.750.130.870.670.510.790.560.47-0.53-0.340.7-0.280.770.00.99-0.44
-0.27-0.03-0.26-0.22-0.26-0.62-0.03-0.26-0.28-0.27-0.03-0.28-0.09-0.21-0.33-0.2-0.160.040.12-0.160.25-0.280.13-0.260.0
0.870.260.830.770.810.580.330.85-0.280.630.330.810.380.080.710.540.26-0.2-0.570.8-0.40.71-0.260.86-0.11
0.790.140.670.740.630.310.340.75-0.270.630.340.620.380.360.650.570.28-0.260.070.67-0.660.67-0.160.76-0.22
0.27-0.050.10.10.040.41.00.13-0.030.330.340.020.24-0.190.420.820.09-0.15-0.240.71-0.250.45-0.520.12-0.17
0.850.440.820.850.750.540.020.87-0.280.810.620.020.520.40.710.410.33-0.39-0.360.56-0.320.70.160.85-0.33
0.650.680.50.70.250.430.240.67-0.090.380.380.240.520.580.670.680.63-0.98-0.070.440.290.610.170.59-0.95
0.480.350.330.610.180.4-0.190.51-0.210.080.36-0.190.40.580.490.330.58-0.590.270.010.210.470.490.48-0.54
0.830.350.60.820.470.660.420.79-0.330.710.650.420.710.670.490.80.7-0.54-0.310.73-0.190.990.040.77-0.49
0.660.30.430.570.270.660.820.56-0.20.540.570.820.410.680.330.80.49-0.58-0.210.79-0.110.79-0.240.53-0.56
0.470.10.090.63-0.090.250.090.47-0.160.260.280.090.330.630.580.70.49-0.6-0.080.260.270.710.380.44-0.56
-0.51-0.69-0.36-0.58-0.11-0.32-0.15-0.530.04-0.2-0.26-0.15-0.39-0.98-0.59-0.54-0.58-0.6-0.04-0.28-0.4-0.47-0.22-0.450.99
-0.36-0.02-0.36-0.26-0.38-0.43-0.24-0.340.12-0.570.07-0.24-0.36-0.070.27-0.31-0.21-0.08-0.04-0.520.18-0.30.38-0.36-0.09
0.780.10.630.640.570.520.710.7-0.160.80.670.710.560.440.010.730.790.26-0.28-0.52-0.450.74-0.380.71-0.23
-0.320.22-0.39-0.19-0.52-0.06-0.25-0.280.25-0.4-0.66-0.25-0.320.290.21-0.19-0.110.27-0.40.18-0.45-0.230.44-0.33-0.39
0.810.260.550.810.440.60.450.77-0.280.710.670.450.70.610.470.990.790.71-0.47-0.30.74-0.230.060.75-0.43
-0.080.0-0.220.15-0.3-0.22-0.520.00.13-0.26-0.16-0.520.160.170.490.04-0.240.38-0.220.38-0.380.440.06-0.03-0.24
0.990.390.910.960.830.550.120.99-0.260.860.760.120.850.590.480.770.530.44-0.45-0.360.71-0.330.75-0.03-0.35
-0.41-0.67-0.27-0.5-0.01-0.25-0.17-0.440.0-0.11-0.22-0.17-0.33-0.95-0.54-0.49-0.56-0.560.99-0.09-0.23-0.39-0.43-0.24-0.35
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HE Equipment Account Relationship Matchups

HE Equipment fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets2.0B2.0B2.1B2.3B2.6B2.8B
Other Current Liab68.9M54.9M42.9M59.9M80.1M59.7M
Total Stockholder Equity307.5M238.2M303.4M401.0M534.3M561.0M
Net Debt1.3B1.1B1.1B1.3B1.6B1.7B
Retained Earnings136.1M63.8M126.6M218.7M348.0M365.4M
Accounts Payable58.9M75.3M95.6M129.5M85.5M71.9M
Cash14.2M310.9M357.3M81.3M8.5M8.1M
Non Current Assets Total1.7B1.4B1.5B1.9B2.3B2.4B
Non Currrent Assets Other2.9M2.2M1.5M(270.4M)4.6M3.6M
Other Assets1.2B1.2B1.3B1.4B1.7B1.7B
Long Term Debt945.6M1.2B1.3B1.2B1.4B1.5B
Cash And Short Term Investments14.2M310.9M357.3M81.3M8.5M8.1M
Good Will131.4M68.9M63.1M102.7M108.2M113.6M
Common Stock Shares Outstanding36.0M36.1M36.5M36.1M36.3M36.2M
Liabilities And Stockholders Equity2.0B2.0B2.1B2.3B2.6B2.8B
Inventory85.5M72.5M75.3M107.8M109.9M95.9M
Total Liab1.7B1.7B1.8B1.9B2.1B1.1B
Total Current Assets302.2M572.6M610.9M435.9M374.6M292.4M
Intangible Assets32.9M29.0M25.0M32.6M32.6M20.3M
Common Stock398K401K403K405K408K394.4K
Property Plant Equipment130.6M116.7M112.3M134.6M121.2M115.1M
Other Liab194.0M491.9M527.1M287.0M330.1M346.6M
Other Stockholder Equity171.1M174.0M176.3M181.9M185.9M176.6M
Short Long Term Debt Total1.4B1.4B1.4B1.4B1.6B857.3M
Total Current Liabilities348.6M145.6M155.4M197.8M186.3M192.5M
Property Plant And Equipment Net1.5B1.3B1.4B1.7B2.1B2.2B
Current Deferred Revenue4.0M4.4M5.2M6.7M6.8M7.7M
Net Receivables192.2M150.5M157.2M225.3M247.4M156.7M
Non Current Liabilities Total1.3B1.6B1.6B1.7B1.9B2.0B
Other Current Assets10.3M121.5M21.1M21.5M8.7M15.2M
Property Plant And Equipment Gross1.5B1.3B2.3B2.8B3.4B3.5B
Short Term Debt216.9M9.6M45.1M30.5M184.4M114.3M
Common Stock Total Equity398K401K403K405K465.8K430.7K
Treasury Stock(64.8M)(66.2M)(68.3M)(70.0M)(63.0M)(66.1M)
Net Tangible Assets143.1M140.4M215.3M265.7M305.6M169.2M
Retained Earnings Total Equity136.1M63.8M126.6M218.7M251.5M264.1M
Capital Surpluse235.8M240.2M244.6M251.9M289.7M253.2M
Deferred Long Term Liab182.2M171.0M201.2M271.2M311.8M327.4M

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Additional Tools for HEES Stock Analysis

When running HE Equipment's price analysis, check to measure HE Equipment'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 HE Equipment is operating at the current time. Most of HE Equipment's value examination focuses on studying past and present price action to predict the probability of HE Equipment's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move HE Equipment's price. Additionally, you may evaluate how the addition of HE Equipment to your portfolios can decrease your overall portfolio volatility.