HEES Property Plant Equipment vs Total Current Liabilities 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 Property Plant Equipment and its Total Current Liabilities 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.

Property Plant Equipment vs Total Current Liabilities

Property Plant Equipment vs Total Current Liabilities Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of HE Equipment Services Property Plant Equipment account and Total Current Liabilities. At this time, the significance of the direction appears to have weak relationship.
The correlation between HE Equipment's Property Plant Equipment and Total Current Liabilities is 0.38. Overlapping area represents the amount of variation of Property Plant Equipment that can explain the historical movement of Total Current Liabilities 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 Property Plant Equipment and Total Current Liabilities is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Property Plant Equipment of HE Equipment Services are associated (or correlated) with its Total Current Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Liabilities has no effect on the direction of Property Plant Equipment i.e., HE Equipment's Property Plant Equipment and Total Current Liabilities go up and down completely randomly.

Correlation Coefficient

0.38
Relationship DirectionPositive 
Relationship StrengthVery Weak

Property Plant Equipment

Total Current Liabilities

Total Current Liabilities is an item on HE Equipment balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of HE Equipment Services 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 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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