Harmony Cash And Equivalents vs Free Cash Flow Analysis

HMY Stock

USD 8.37 0.06 0.71%

Harmony Gold financial indicator trend analysis is much more than just examining Harmony Gold Mining latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Harmony Gold Mining is a good investment. Please check the relationship between Harmony Gold Cash And Equivalents 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 Harmony Gold Mining. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

Cash And Equivalents vs Free Cash Flow

Cash And Equivalents vs Free Cash Flow Correlation Analysis

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

The correlation between Harmony Gold's Cash And Equivalents and Free Cash Flow is 0.46. Overlapping area represents the amount of variation of Cash And Equivalents that can explain the historical movement of Free Cash Flow in the same time period over historical financial statements of Harmony Gold Mining, assuming nothing else is changed. The correlation between historical values of Harmony Gold's Cash And Equivalents 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 Cash And Equivalents of Harmony Gold Mining 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 Cash And Equivalents i.e., Harmony Gold's Cash And Equivalents and Free Cash Flow go up and down completely randomly.

Correlation Coefficient

0.46

Relationship Direction	Positive
Relationship Strength	Weak

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Cash And Equivalents

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

At this time, Harmony Gold's Selling General Administrative is fairly stable compared to the past year. Tax Provision is likely to rise to about 2.1 B in 2024, whereas Sales General And Administrative To Revenue is likely to drop 0.02 in 2024.

	2021	2022	2023	2024 (projected)
Total Operating Expenses	1.2B	1.8B	2.5B	2.6B
Cost Of Revenue	41.9B	39.5B	47.2B	49.6B

Total Operating Expenses Cost Of Revenue

Harmony Gold fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	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	Other Stockholder Equity	Total Liab	Total Current Assets	Common Stock	Net Debt	Other Liab	Other Assets	Long Term Debt	Short Term Debt
Total Assets		0.42	0.45	0.59	0.93	0.98	-0.12	0.28	0.53	0.99	0.64	0.53	0.63	0.95	0.84	0.7	0.31	0.18	0.84	0.69	0.59	-0.03	0.55	0.57	0.43	-0.04
Short Long Term Debt Total	0.42		0.18	0.34	0.15	0.38	-0.73	0.5	0.41	0.4	0.38	0.41	0.29	0.53	0.78	0.43	0.01	0.09	0.73	0.37	0.33	0.6	0.33	0.39	0.73	-0.17
Other Current Liab	0.45	0.18		0.91	0.35	0.37	0.32	-0.06	0.76	0.4	0.77	0.76	0.7	0.37	0.43	0.84	0.29	-0.06	0.49	0.83	0.03	-0.5	0.75	0.75	0.68	-0.18
Total Current Liabilities	0.59	0.34	0.91		0.41	0.46	0.1	0.28	0.86	0.51	0.88	0.86	0.78	0.57	0.62	0.92	0.45	-0.16	0.69	0.96	0.1	-0.43	0.89	0.88	0.77	-0.24
Total Stockholder Equity	0.93	0.15	0.35	0.41		0.97	0.09	0.07	0.35	0.96	0.45	0.35	0.56	0.82	0.59	0.52	0.19	0.14	0.58	0.53	0.64	-0.13	0.35	0.35	0.15	0.09
Property Plant And Equipment Net	0.98	0.38	0.37	0.46	0.97		-0.1	0.19	0.4	1.0	0.54	0.39	0.59	0.91	0.76	0.61	0.21	0.23	0.73	0.57	0.67	0.05	0.43	0.45	0.32	0.05
Retained Earnings	-0.12	-0.73	0.32	0.1	0.09	-0.1		-0.5	0.06	-0.12	-0.09	0.07	0.31	-0.35	-0.46	-0.01	-0.15	-0.29	-0.42	0.09	-0.37	-0.77	-0.1	-0.16	-0.32	0.02
Accounts Payable	0.28	0.5	-0.06	0.28	0.07	0.19	-0.5		0.35	0.23	0.4	0.35	0.2	0.48	0.52	0.34	0.32	-0.22	0.51	0.34	-0.09	0.17	0.37	0.44	0.46	-0.33
Cash	0.53	0.41	0.76	0.86	0.35	0.4	0.06	0.35		0.44	0.65	1.0	0.64	0.5	0.58	0.75	0.24	-0.25	0.66	0.91	0.03	-0.47	0.62	0.63	0.66	-0.19
Non Current Assets Total	0.99	0.4	0.4	0.51	0.96	1.0	-0.12	0.23	0.44		0.59	0.44	0.6	0.93	0.79	0.65	0.27	0.22	0.77	0.61	0.64	0.03	0.49	0.51	0.37	0.0
Non Currrent Assets Other	0.64	0.38	0.77	0.88	0.45	0.54	-0.09	0.4	0.65	0.59		0.65	0.63	0.7	0.73	0.97	0.64	0.16	0.76	0.84	0.13	-0.21	0.94	0.96	0.74	-0.23
Cash And Short Term Investments	0.53	0.41	0.76	0.86	0.35	0.39	0.07	0.35	1.0	0.44	0.65		0.64	0.5	0.58	0.75	0.24	-0.25	0.66	0.91	0.02	-0.48	0.62	0.63	0.66	-0.19
Net Receivables	0.63	0.29	0.7	0.78	0.56	0.59	0.31	0.2	0.64	0.6	0.63	0.64		0.5	0.54	0.73	0.06	-0.29	0.56	0.78	0.2	-0.29	0.6	0.58	0.56	-0.13
Common Stock Shares Outstanding	0.95	0.53	0.37	0.57	0.82	0.91	-0.35	0.48	0.5	0.93	0.7	0.5	0.5		0.89	0.72	0.45	0.23	0.88	0.67	0.53	0.1	0.62	0.66	0.51	-0.11
Non Current Liabilities Total	0.84	0.78	0.43	0.62	0.59	0.76	-0.46	0.52	0.58	0.79	0.73	0.58	0.54	0.89		0.77	0.38	0.23	0.98	0.68	0.39	0.26	0.64	0.69	0.72	-0.22
Inventory	0.7	0.43	0.84	0.92	0.52	0.61	-0.01	0.34	0.75	0.65	0.97	0.75	0.73	0.72	0.77		0.57	0.07	0.79	0.92	0.15	-0.25	0.89	0.91	0.78	-0.24
Other Current Assets	0.31	0.01	0.29	0.45	0.19	0.21	-0.15	0.32	0.24	0.27	0.64	0.24	0.06	0.45	0.38	0.57		0.19	0.4	0.47	0.0	-0.21	0.63	0.65	0.27	-0.23
Other Stockholder Equity	0.18	0.09	-0.06	-0.16	0.14	0.23	-0.29	-0.22	-0.25	0.22	0.16	-0.25	-0.29	0.23	0.23	0.07	0.19		0.18	-0.14	0.17	0.32	0.1	0.12	-0.09	0.23
Total Liab	0.84	0.73	0.49	0.69	0.58	0.73	-0.42	0.51	0.66	0.77	0.76	0.66	0.56	0.88	0.98	0.79	0.4	0.18		0.75	0.37	0.15	0.7	0.74	0.73	-0.22
Total Current Assets	0.69	0.37	0.83	0.96	0.53	0.57	0.09	0.34	0.91	0.61	0.84	0.91	0.78	0.67	0.68	0.92	0.47	-0.14	0.75		0.14	-0.45	0.82	0.83	0.69	-0.2
Common Stock	0.59	0.33	0.03	0.1	0.64	0.67	-0.37	-0.09	0.03	0.64	0.13	0.02	0.2	0.53	0.39	0.15	0.0	0.17	0.37	0.14		0.32	0.11	0.08	0.03	0.46
Net Debt	-0.03	0.6	-0.5	-0.43	-0.13	0.05	-0.77	0.17	-0.47	0.03	-0.21	-0.48	-0.29	0.1	0.26	-0.25	-0.21	0.32	0.15	-0.45	0.32		-0.23	-0.18	0.11	0.01
Other Liab	0.55	0.33	0.75	0.89	0.35	0.43	-0.1	0.37	0.62	0.49	0.94	0.62	0.6	0.62	0.64	0.89	0.63	0.1	0.7	0.82	0.11	-0.23		0.97	0.72	-0.26
Other Assets	0.57	0.39	0.75	0.88	0.35	0.45	-0.16	0.44	0.63	0.51	0.96	0.63	0.58	0.66	0.69	0.91	0.65	0.12	0.74	0.83	0.08	-0.18	0.97		0.79	-0.34
Long Term Debt	0.43	0.73	0.68	0.77	0.15	0.32	-0.32	0.46	0.66	0.37	0.74	0.66	0.56	0.51	0.72	0.78	0.27	-0.09	0.73	0.69	0.03	0.11	0.72	0.79		-0.45
Short Term Debt	-0.04	-0.17	-0.18	-0.24	0.09	0.05	0.02	-0.33	-0.19	0.0	-0.23	-0.19	-0.13	-0.11	-0.22	-0.24	-0.23	0.23	-0.22	-0.2	0.46	0.01	-0.26	-0.34	-0.45

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Harmony Gold Account Relationship Matchups

Harmony Gold fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	44.7B	49.5B	46.8B	57.2B	60.5B	36.6B
Short Long Term Debt Total	7.8B	3.5B	3.2B	5.7B	2.3B	3.2B
Other Current Liab	4.1B	381M	3.0B	4.9B	8.5B	8.9B
Total Current Liabilities	7.6B	5.8B	5.0B	6.9B	10.3B	10.8B
Total Stockholder Equity	23.4B	31.6B	30.0B	34.8B	40.8B	25.2B
Property Plant And Equipment Net	29.2B	34.4B	32.9B	41.5B	41.3B	27.2B
Retained Earnings	(12.6B)	(7.7B)	(9.6B)	(5.0B)	2.2B	2.3B
Accounts Payable	3.0B	4.6B	1.3B	1.2B	1.1B	1.3B
Cash	6.4B	2.8B	2.4B	2.9B	4.7B	4.9B
Non Current Assets Total	34.5B	40.9B	39.3B	48.6B	49.0B	31.6B
Non Currrent Assets Other	4.1B	5.9B	6.1B	6.7B	7.2B	7.6B
Cash And Short Term Investments	6.4B	2.8B	2.4B	2.9B	4.7B	5.0B
Net Receivables	1.3B	1.7B	103.4M	2.2B	2.2B	2.4B
Common Stock Shares Outstanding	535.3M	616.4M	612.5M	620.5M	629.7M	422.8M
Liabilities And Stockholders Equity	44.7B	49.5B	46.8B	57.2B	60.5B	36.6B
Non Current Liabilities Total	13.8B	12.1B	11.7B	15.5B	12.2B	8.2B
Inventory	2.4B	2.5B	2.8B	3.3B	3.6B	3.8B
Other Current Assets	80M	1.5B	2.1B	340M	913M	958.7M
Other Stockholder Equity	(5.6M)	(1.0)	6.7B	6.8B	(479M)	(455.1M)
Total Liab	21.3B	17.8B	16.7B	22.4B	19.5B	11.4B
Total Current Assets	10.2B	8.6B	7.5B	8.7B	11.5B	12.1B
Accumulated Other Comprehensive Income	3.0B	6.4B	6.7B	6.8B	6.1B	6.4B
Common Stock	56.8B	29.7B	32.9B	32.9B	37.9B	22.9B
Net Debt	1.4B	542M	757M	2.8B	(2.4B)	(2.3B)
Other Liab	6.2B	8.9B	8.5B	9.9B	11.4B	12.0B
Other Assets	4.6B	6.1B	6.3B	6.6B	7.6B	7.9B
Long Term Debt	7.5B	3.0B	3.2B	5.6B	6.4B	6.8B
Short Term Debt	255M	387M	222M	216M	260M	247M
Property Plant Equipment	29.2B	34.4B	32.9B	41.5B	47.7B	50.1B
Common Stock Total Equity	56.8B	29.6B	32.9B	32.9B	37.9B	30.1B
Property Plant And Equipment Gross	29.2B	34.4B	80.1B	92.4B	106.2B	111.5B
Intangible Assets	921.7K	32M	48M	33M	19M	18.1M
Net Tangible Assets	22.8B	31.3B	30.0B	34.7B	39.9B	23.7B
Long Term Investments	212M	126M	125M	111M	127.7M	136.0M
Short Long Term Debt	6M	15M	87M	25M	22.5M	21.4M
Long Term Debt Total	7.5B	3.1B	3.2B	5.6B	6.4B	4.4B
Capital Lease Obligations	141M	261M	442M	526M	604.9M	635.1M

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

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Harmony Cash And Equivalents vs Free Cash Flow Analysis

Cash And Equivalents vs Free Cash Flow

Cash And Equivalents vs Free Cash Flow Correlation Analysis

Correlation Coefficient

Cash And Equivalents

Free Cash Flow

Harmony Gold fundamental ratios Correlations

Harmony Gold Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Harmony Gold fundamental ratios Accounts

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Additional Tools for Harmony Stock Analysis

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Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Cash And Short Term Investments	+ 1.0	Cash
Non Current Assets Total	+ 0.99	Total Assets
Property Plant And Equipment Net	+ 0.98	Total Assets
Total Liab	+ 0.98	Non Current Liabilities Total
Property Plant And Equipment Net	+ 0.97	Total Stockholder Equity

Net Debt	- 0.77	Retained Earnings
Retained Earnings	- 0.73	Short Long Term Debt Total
Accounts Payable	- 0.5	Retained Earnings
Net Debt	- 0.5	Other Current Liab
Net Debt	- 0.48	Cash And Short Term Investments
Net Debt	- 0.47	Cash