Hagerty Depreciation vs Free Cash Flow Analysis

HGTY Stock

USD 11.04 0.09 0.81%

Hagerty financial indicator trend analysis is much more than just examining Hagerty latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Hagerty is a good investment. Please check the relationship between Hagerty Depreciation and its Free Cash Flow accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Hagerty. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

For more information on how to buy Hagerty Stock please use our How to Invest in Hagerty guide.

Depreciation vs Free Cash Flow

Depreciation vs Free Cash Flow Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Hagerty Depreciation account and Free Cash Flow. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between Hagerty's Depreciation and Free Cash Flow is 0.41. Overlapping area represents the amount of variation of Depreciation that can explain the historical movement of Free Cash Flow in the same time period over historical financial statements of Hagerty, assuming nothing else is changed. The correlation between historical values of Hagerty's Depreciation and Free Cash Flow is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Depreciation of Hagerty are associated (or correlated) with its Free Cash Flow. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Free Cash Flow has no effect on the direction of Depreciation i.e., Hagerty's Depreciation and Free Cash Flow go up and down completely randomly.

Correlation Coefficient

0.41

Relationship Direction	Positive
Relationship Strength	Weak

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Depreciation

Depreciation indicates how much of Hagerty value has been used up. For tax purposes Hagerty can deduct the cost of the tangible assets it purchases as business expenses. However, Hagerty must depreciate these assets in accordance with IRS rules about how and when the deduction may be taken, and how long it will last. The systematic allocation of the cost of a tangible asset over its useful life.

Free Cash Flow

The amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.

Most indicators from Hagerty's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Hagerty 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 Hagerty. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

For more information on how to buy Hagerty Stock please use our How to Invest in Hagerty guide.At this time, Hagerty's Issuance Of Capital Stock is fairly stable compared to the past year. Sales General And Administrative To Revenue is likely to rise to 0.41 in 2024, whereas Tax Provision is likely to drop slightly above 7.5 M in 2024.

	2021	2022	2023	2024 (projected)
Depreciation And Amortization	22.1M	33.9M	45.8M	23.9M
Tax Provision	6.8M	7.0M	14.9M	7.5M

Depreciation And Amortization Tax Provision

Hagerty fundamental ratios Correlations

	Common Stock Shares Outstanding	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Long Term Debt	Cash And Short Term Investments	Net Receivables	Good Will	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Deferred Long Term Liab
Common Stock Shares Outstanding		0.9	0.87	0.87	0.9	0.17	0.05	-0.23	0.95	-0.76	-0.51	0.86	0.63	-0.22	-0.58	0.87	0.26	0.33	-0.63	0.92	0.92	-0.6	0.97	0.9	0.88	0.74
Total Assets	0.9		0.98	0.99	0.69	-0.16	0.43	0.18	0.88	-0.91	-0.68	0.84	0.8	0.01	-0.45	0.95	0.49	0.69	-0.8	0.89	0.97	-0.85	0.87	0.93	1.0	0.92
Short Long Term Debt Total	0.87	0.98		0.98	0.63	-0.24	0.48	0.21	0.92	-0.91	-0.57	0.83	0.72	-0.13	-0.58	0.93	0.62	0.72	-0.81	0.88	0.99	-0.78	0.8	0.91	0.99	0.92
Other Current Liab	0.87	0.99	0.98		0.67	-0.17	0.45	0.19	0.86	-0.88	-0.69	0.87	0.8	0.04	-0.41	0.93	0.51	0.7	-0.76	0.87	0.97	-0.85	0.85	0.9	1.0	0.95
Total Current Liabilities	0.9	0.69	0.63	0.67		0.56	-0.35	-0.58	0.78	-0.41	-0.49	0.86	0.55	-0.07	-0.33	0.69	-0.11	-0.05	-0.25	0.81	0.72	-0.43	0.94	0.74	0.67	0.58
Total Stockholder Equity	0.17	-0.16	-0.24	-0.17	0.56		-0.93	-0.87	0.03	0.43	-0.13	0.22	0.06	0.15	0.23	-0.02	-0.81	-0.78	0.5	0.19	-0.12	0.18	0.29	0.06	-0.19	-0.23
Other Liab	0.05	0.43	0.48	0.45	-0.35	-0.93		0.92	0.15	-0.64	-0.24	0.04	0.3	0.09	-0.16	0.32	0.79	0.94	-0.68	0.09	0.36	-0.52	-0.03	0.23	0.46	0.49
Net Tangible Assets	-0.23	0.18	0.21	0.19	-0.58	-0.87	0.92		-0.12	-0.45	-0.22	-0.25	0.24	0.25	0.08	0.15	0.57	0.83	-0.56	-0.08	0.08	-0.43	-0.28	0.06	0.2	0.2
Property Plant And Equipment Net	0.95	0.88	0.92	0.86	0.78	0.03	0.15	-0.12		-0.79	-0.38	0.84	0.55	-0.38	-0.75	0.87	0.46	0.42	-0.68	0.91	0.95	-0.55	0.85	0.9	0.88	0.76
Current Deferred Revenue	-0.76	-0.91	-0.91	-0.88	-0.41	0.43	-0.64	-0.45	-0.79		0.57	-0.56	-0.7	0.09	0.52	-0.88	-0.61	-0.83	0.97	-0.78	-0.86	0.8	-0.68	-0.86	-0.91	-0.75
Net Debt	-0.51	-0.68	-0.57	-0.69	-0.49	-0.13	-0.24	-0.22	-0.38	0.57		-0.55	-0.98	-0.69	-0.29	-0.76	0.1	-0.47	0.52	-0.68	-0.55	0.93	-0.65	-0.71	-0.67	-0.6
Accounts Payable	0.86	0.84	0.83	0.87	0.86	0.22	0.04	-0.25	0.84	-0.56	-0.55		0.66	-0.01	-0.37	0.79	0.28	0.31	-0.38	0.83	0.89	-0.62	0.86	0.79	0.85	0.89
Cash	0.63	0.8	0.72	0.8	0.55	0.06	0.3	0.24	0.55	-0.7	-0.98	0.66		0.54	0.09	0.87	0.06	0.56	-0.63	0.8	0.7	-0.97	0.72	0.83	0.79	0.71
Non Current Assets Total	-0.22	0.01	-0.13	0.04	-0.07	0.15	0.09	0.25	-0.38	0.09	-0.69	-0.01	0.54		0.88	0.07	-0.44	0.11	0.1	-0.03	-0.16	-0.49	0.01	-0.01	0.0	0.08
Non Currrent Assets Other	-0.58	-0.45	-0.58	-0.41	-0.33	0.23	-0.16	0.08	-0.75	0.52	-0.29	-0.37	0.09	0.88		-0.4	-0.64	-0.25	0.49	-0.46	-0.59	-0.03	-0.36	-0.45	-0.46	-0.34
Other Assets	0.87	0.95	0.93	0.93	0.69	-0.02	0.32	0.15	0.87	-0.88	-0.76	0.79	0.87	0.07	-0.4		0.34	0.61	-0.81	0.97	0.93	-0.87	0.85	0.99	0.95	0.81
Long Term Debt	0.26	0.49	0.62	0.51	-0.11	-0.81	0.79	0.57	0.46	-0.61	0.1	0.28	0.06	-0.44	-0.64	0.34		0.78	-0.59	0.21	0.55	-0.26	0.07	0.29	0.53	0.59
Cash And Short Term Investments	0.33	0.69	0.72	0.7	-0.05	-0.78	0.94	0.83	0.42	-0.83	-0.47	0.31	0.56	0.11	-0.25	0.61	0.78		-0.84	0.41	0.62	-0.74	0.26	0.53	0.71	0.69
Net Receivables	-0.63	-0.8	-0.81	-0.76	-0.25	0.5	-0.68	-0.56	-0.68	0.97	0.52	-0.38	-0.63	0.1	0.49	-0.81	-0.59	-0.84		-0.69	-0.74	0.74	-0.54	-0.79	-0.8	-0.6
Good Will	0.92	0.89	0.88	0.87	0.81	0.19	0.09	-0.08	0.91	-0.78	-0.68	0.83	0.8	-0.03	-0.46	0.97	0.21	0.41	-0.69		0.91	-0.75	0.9	0.99	0.89	0.73
Non Current Liabilities Total	0.92	0.97	0.99	0.97	0.72	-0.12	0.36	0.08	0.95	-0.86	-0.55	0.89	0.7	-0.16	-0.59	0.93	0.55	0.62	-0.74	0.91		-0.74	0.85	0.92	0.98	0.91
Inventory	-0.6	-0.85	-0.78	-0.85	-0.43	0.18	-0.52	-0.43	-0.55	0.8	0.93	-0.62	-0.97	-0.49	-0.03	-0.87	-0.26	-0.74	0.74	-0.75	-0.74		-0.67	-0.81	-0.84	-0.78
Other Current Assets	0.97	0.87	0.8	0.85	0.94	0.29	-0.03	-0.28	0.85	-0.68	-0.65	0.86	0.72	0.01	-0.36	0.85	0.07	0.26	-0.54	0.9	0.85	-0.67		0.88	0.85	0.72
Other Stockholder Equity	0.9	0.93	0.91	0.9	0.74	0.06	0.23	0.06	0.9	-0.86	-0.71	0.79	0.83	-0.01	-0.45	0.99	0.29	0.53	-0.79	0.99	0.92	-0.81	0.88		0.92	0.75
Total Liab	0.88	1.0	0.99	1.0	0.67	-0.19	0.46	0.2	0.88	-0.91	-0.67	0.85	0.79	0.0	-0.46	0.95	0.53	0.71	-0.8	0.89	0.98	-0.84	0.85	0.92		0.93
Deferred Long Term Liab	0.74	0.92	0.92	0.95	0.58	-0.23	0.49	0.2	0.76	-0.75	-0.6	0.89	0.71	0.08	-0.34	0.81	0.59	0.69	-0.6	0.73	0.91	-0.78	0.72	0.75	0.93

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Hagerty Account Relationship Matchups

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Hagerty Depreciation vs Free Cash Flow Analysis

Depreciation vs Free Cash Flow

Depreciation vs Free Cash Flow Correlation Analysis

Correlation Coefficient

Depreciation

Free Cash Flow

Hagerty fundamental ratios Correlations

Hagerty Account Relationship Matchups

High Positive Relationship

High Negative Relationship

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Additional Tools for Hagerty Stock Analysis

COMMON DESTINATIONS

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COMPANY

Total Liab	+ 1.0	Total Assets
Total Liab	+ 1.0	Other Current Liab
Other Current Liab	+ 0.99	Total Assets
Non Current Liabilities Total	+ 0.99	Short Long Term Debt Total
Total Liab	+ 0.99	Short Long Term Debt Total
Other Stockholder Equity	+ 0.99	Other Assets

Cash	- 0.98	Net Debt
Inventory	- 0.97	Cash
Other Liab	- 0.93	Total Stockholder Equity
Total Liab	- 0.91	Current Deferred Revenue
Current Deferred Revenue	- 0.91	Short Long Term Debt Total
Current Deferred Revenue	- 0.91	Total Assets