HITECH Interest Expense vs Depreciation And Amortization Analysis

HITECH Stock

170.46 1.66 0.96%

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

Interest Expense vs Depreciation And Amortization

Interest Expense vs Depreciation And Amortization Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Hi Tech Pipes Interest Expense account and Depreciation And Amortization. At this time, the significance of the direction appears to have very strong relationship.

The correlation between Hi Tech's Interest Expense and Depreciation And Amortization is 0.89. Overlapping area represents the amount of variation of Interest Expense that can explain the historical movement of Depreciation And Amortization in the same time period over historical financial statements of Hi Tech Pipes Limited, assuming nothing else is changed. The correlation between historical values of Hi Tech's Interest Expense and Depreciation And Amortization is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Interest Expense of Hi Tech Pipes Limited are associated (or correlated) with its Depreciation And Amortization. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Depreciation And Amortization has no effect on the direction of Interest Expense i.e., Hi Tech's Interest Expense and Depreciation And Amortization go up and down completely randomly.

Correlation Coefficient

0.89

Relationship Direction	Positive
Relationship Strength	Strong

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Interest Expense

The cost incurred by an entity for borrowed funds, including loans, bonds, or lines of credit.

Depreciation And Amortization

The systematic reduction in the recorded value of an intangible asset. This includes the allocation of the cost of tangible assets to periods in which the assets are used, representing the expense related to the wear and tear, deterioration, or obsolescence of physical assets and intangible assets over their useful lives.

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

At present, Hi Tech's Selling General Administrative is projected to increase significantly based on the last few years of reporting. The current year's Issuance Of Capital Stock is expected to grow to about 1.2 B, whereas Tax Provision is forecasted to decline to about 86 M.

	2021	2022	2023	2024 (projected)
Gross Profit	1.8B	2.1B	2.4B	1.3B
Total Revenue	18.8B	23.9B	27.0B	28.3B

Gross Profit Total Revenue

Hi Tech fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Total Liab	Total Current Assets	Short Term Debt	Common Stock	Other Stockholder Equity	Other Liab	Net Tangible Assets	Current Deferred Revenue
Total Assets		0.76	-0.39	0.88	0.99	0.99	0.78	0.97	0.9	-0.47	1.0	0.89	-0.15	0.84	0.76	0.78	0.87	0.35	0.87	0.88	0.81	0.75	0.89	0.86	0.99	0.29
Short Long Term Debt Total	0.76		-0.69	0.88	0.67	0.81	1.0	0.69	0.47	-0.63	0.77	0.43	-0.45	0.89	0.68	0.95	0.85	0.13	0.93	0.85	0.98	0.86	0.65	0.82	0.68	0.22
Other Current Liab	-0.39	-0.69		-0.45	-0.31	-0.46	-0.67	-0.29	-0.1	0.73	-0.42	-0.08	0.66	-0.56	-0.43	-0.55	-0.39	0.28	-0.5	-0.39	-0.66	-0.47	-0.45	-0.32	-0.32	-0.05
Total Current Liabilities	0.88	0.88	-0.45		0.83	0.89	0.89	0.84	0.77	-0.53	0.88	0.72	-0.11	0.97	0.81	0.89	0.99	0.3	0.99	0.99	0.93	0.85	0.73	0.95	0.86	0.45
Total Stockholder Equity	0.99	0.67	-0.31	0.83		0.97	0.68	0.98	0.94	-0.42	0.98	0.95	-0.09	0.79	0.73	0.69	0.83	0.4	0.8	0.84	0.73	0.67	0.91	0.81	0.99	0.25
Property Plant And Equipment Net	0.99	0.81	-0.46	0.89	0.97		0.82	0.97	0.87	-0.53	1.0	0.86	-0.19	0.85	0.77	0.82	0.88	0.32	0.89	0.89	0.84	0.77	0.88	0.86	0.98	0.3
Net Debt	0.78	1.0	-0.67	0.89	0.68	0.82		0.71	0.49	-0.64	0.79	0.44	-0.45	0.89	0.68	0.96	0.86	0.17	0.94	0.86	0.98	0.85	0.64	0.83	0.7	0.23
Retained Earnings	0.97	0.69	-0.29	0.84	0.98	0.97	0.71		0.92	-0.5	0.97	0.9	-0.13	0.77	0.66	0.73	0.85	0.41	0.83	0.85	0.74	0.62	0.83	0.8	0.98	0.28
Accounts Payable	0.9	0.47	-0.1	0.77	0.94	0.87	0.49	0.92		-0.31	0.89	0.98	0.19	0.7	0.7	0.54	0.78	0.38	0.71	0.79	0.55	0.54	0.78	0.75	0.95	0.44
Cash	-0.47	-0.63	0.73	-0.53	-0.42	-0.53	-0.64	-0.5	-0.31		-0.5	-0.24	0.61	-0.58	-0.25	-0.57	-0.51	0.1	-0.56	-0.49	-0.62	-0.3	-0.4	-0.34	-0.46	-0.24
Non Current Assets Total	1.0	0.77	-0.42	0.88	0.98	1.0	0.79	0.97	0.89	-0.5		0.89	-0.16	0.84	0.77	0.8	0.88	0.34	0.88	0.88	0.81	0.75	0.89	0.86	0.99	0.31
Non Currrent Assets Other	0.89	0.43	-0.08	0.72	0.95	0.86	0.44	0.9	0.98	-0.24	0.89		0.15	0.65	0.68	0.48	0.73	0.46	0.65	0.74	0.52	0.52	0.84	0.72	0.94	0.31
Cash And Short Term Investments	-0.15	-0.45	0.66	-0.11	-0.09	-0.19	-0.45	-0.13	0.19	0.61	-0.16	0.15		-0.23	0.2	-0.24	-0.02	0.21	-0.16	-0.07	-0.41	-0.03	-0.28	0.07	-0.06	0.56
Net Receivables	0.84	0.89	-0.56	0.97	0.79	0.85	0.89	0.77	0.7	-0.58	0.84	0.65	-0.23		0.76	0.83	0.92	0.18	0.95	0.95	0.95	0.82	0.76	0.88	0.8	0.34
Common Stock Shares Outstanding	0.76	0.68	-0.43	0.81	0.73	0.77	0.68	0.66	0.7	-0.25	0.77	0.68	0.2	0.76		0.75	0.84	0.34	0.81	0.82	0.71	0.89	0.65	0.89	0.75	0.56
Non Current Liabilities Total	0.78	0.95	-0.55	0.89	0.69	0.82	0.96	0.73	0.54	-0.57	0.8	0.48	-0.24	0.83	0.75		0.9	0.26	0.95	0.87	0.92	0.88	0.56	0.88	0.72	0.42
Inventory	0.87	0.85	-0.39	0.99	0.83	0.88	0.86	0.85	0.78	-0.51	0.88	0.73	-0.02	0.92	0.84	0.9		0.4	0.98	0.99	0.89	0.85	0.68	0.97	0.86	0.51
Other Current Assets	0.35	0.13	0.28	0.3	0.4	0.32	0.17	0.41	0.38	0.1	0.34	0.46	0.21	0.18	0.34	0.26	0.4		0.3	0.4	0.16	0.28	0.36	0.45	0.4	0.01
Total Liab	0.87	0.93	-0.5	0.99	0.8	0.89	0.94	0.83	0.71	-0.56	0.88	0.65	-0.16	0.95	0.81	0.95	0.98	0.3		0.98	0.95	0.88	0.69	0.95	0.83	0.45
Total Current Assets	0.88	0.85	-0.39	0.99	0.84	0.89	0.86	0.85	0.79	-0.49	0.88	0.74	-0.07	0.95	0.82	0.87	0.99	0.4	0.98		0.9	0.83	0.72	0.96	0.87	0.43
Short Term Debt	0.81	0.98	-0.66	0.93	0.73	0.84	0.98	0.74	0.55	-0.62	0.81	0.52	-0.41	0.95	0.71	0.92	0.89	0.16	0.95	0.9		0.86	0.71	0.85	0.74	0.23
Common Stock	0.75	0.86	-0.47	0.85	0.67	0.77	0.85	0.62	0.54	-0.3	0.75	0.52	-0.03	0.82	0.89	0.88	0.85	0.28	0.88	0.83	0.86		0.64	0.91	0.68	0.43
Other Stockholder Equity	0.89	0.65	-0.45	0.73	0.91	0.88	0.64	0.83	0.78	-0.4	0.89	0.84	-0.28	0.76	0.65	0.56	0.68	0.36	0.69	0.72	0.71	0.64		0.69	0.87	0.02
Other Liab	0.86	0.82	-0.32	0.95	0.81	0.86	0.83	0.8	0.75	-0.34	0.86	0.72	0.07	0.88	0.89	0.88	0.97	0.45	0.95	0.96	0.85	0.91	0.69		0.83	0.5
Net Tangible Assets	0.99	0.68	-0.32	0.86	0.99	0.98	0.7	0.98	0.95	-0.46	0.99	0.94	-0.06	0.8	0.75	0.72	0.86	0.4	0.83	0.87	0.74	0.68	0.87	0.83		0.34
Current Deferred Revenue	0.29	0.22	-0.05	0.45	0.25	0.3	0.23	0.28	0.44	-0.24	0.31	0.31	0.56	0.34	0.56	0.42	0.51	0.01	0.45	0.43	0.23	0.43	0.02	0.5	0.34

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Hi Tech Account Relationship Matchups

Hi Tech fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	5.7B	6.0B	7.7B	9.2B	11.8B	12.4B
Short Long Term Debt Total	3.2B	3.2B	3.9B	2.4B	4.0B	2.6B
Other Current Liab	2.5M	76.8M	74.3M	158.7M	84.7M	89.8M
Total Current Liabilities	2.9B	2.6B	3.4B	3.8B	4.7B	2.8B
Total Stockholder Equity	1.7B	2.1B	2.6B	4.2B	5.8B	6.1B
Property Plant And Equipment Net	2.1B	2.4B	2.7B	3.2B	4.2B	4.4B
Net Debt	3.1B	3.2B	3.9B	2.3B	4.0B	2.5B
Retained Earnings	862.0M	1.1B	1.5B	1.9B	2.3B	2.4B
Accounts Payable	560.6M	492.3M	796.6M	1.7B	1.6B	1.7B
Cash	7.3M	6.3M	9.0M	18.9M	23.3M	38.4M
Non Current Assets Total	2.1B	2.4B	2.8B	3.6B	4.6B	4.9B
Non Currrent Assets Other	36.1M	52.4M	66.3M	389.8M	433.9M	455.6M
Cash And Short Term Investments	7.3M	6.3M	9.0M	211.7M	23.3M	22.2M
Net Receivables	1.8B	1.2B	1.7B	1.9B	2.8B	1.5B
Liabilities And Stockholders Equity	5.7B	6.0B	7.7B	9.2B	11.8B	12.4B
Non Current Liabilities Total	1.0B	1.3B	1.7B	1.2B	1.4B	912.7M
Inventory	1.8B	1.9B	2.6B	3.1B	3.5B	1.8B
Total Liab	3.9B	3.9B	5.1B	5.0B	6.0B	3.8B
Total Current Assets	3.6B	3.6B	4.9B	5.5B	7.2B	3.7B
Short Term Debt	2.2B	2.0B	2.4B	1.8B	3.0B	1.8B
Common Stock	109.3M	112.1M	122.7M	127.8M	149.9M	102.1M
Other Stockholder Equity	987.6M	462.0M	619.8M	967.6M	2.5B	2.6B
Other Liab	136.8M	168.9M	203.6M	254.9M	293.1M	164.8M
Net Tangible Assets	1.7B	2.1B	2.6B	4.2B	4.8B	5.0B
Current Deferred Revenue	120.8M	99.4M	164.1M	538.6M	42.2M	40.1M
Other Assets	66.0M	(1K)	110.1M	2.7M	3.1M	2.9M
Long Term Debt	936.1M	631.0M	378.3M	940.3M	1.1B	763.3M
Short Long Term Debt	2.2B	1.8B	2.2B	1.4B	2.6B	1.7B
Accumulated Other Comprehensive Income	(222.8M)	396.8M	353.1M	1.2B	841.4M	883.4M
Intangible Assets	475K	125K	200K	5.7M	5.3M	5.6M
Property Plant Equipment	2.0B	2.3B	2.7B	2.3B	2.6B	1.8B
Long Term Debt Total	974.3M	659.4M	393.8M	155.4M	139.9M	132.9M
Short Term Investments	(36.1M)	162.9M	161.7M	192.8M	236.6M	248.4M
Net Invested Capital	4.9B	5.0B	6.2B	6.5B	9.4B	6.3B
Net Working Capital	672.3M	964.6M	1.5B	1.7B	2.5B	1.3B
Capital Stock	109.3M	112.1M	122.7M	127.8M	149.9M	133.6M

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Other Information on Investing in HITECH Stock

Balance Sheet is a snapshot of the financial position of Hi Tech Pipes at a specified time, usually calculated after every quarter, six months, or one year. Hi Tech Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Hi Tech and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which HITECH currently owns. An asset can also be divided into two categories, current and non-current.

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HITECH Interest Expense vs Depreciation And Amortization Analysis

Interest Expense vs Depreciation And Amortization

Interest Expense vs Depreciation And Amortization Correlation Analysis

Correlation Coefficient

Interest Expense

Depreciation And Amortization

Hi Tech fundamental ratios Correlations

Hi Tech Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Hi Tech fundamental ratios Accounts

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Other Information on Investing in HITECH Stock

COMMON DESTINATIONS

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COMPANY

Non Current Assets Total	+ 1.0	Total Assets
Net Debt	+ 1.0	Short Long Term Debt Total
Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Total Stockholder Equity	+ 0.99	Total Assets
Property Plant And Equipment Net	+ 0.99	Total Assets
Net Tangible Assets	+ 0.99	Total Assets

Other Current Liab	- 0.69	Short Long Term Debt Total
Net Debt	- 0.67	Other Current Liab
Short Term Debt	- 0.66	Other Current Liab
Cash	- 0.64	Net Debt
Cash	- 0.63	Short Long Term Debt Total
Short Term Debt	- 0.62	Cash