Harmony Total Current Liabilities vs Net Debt Analysis

HMY Stock

USD 8.43 0.00 0.00%

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 Total Current Liabilities and its Net Debt 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.

Total Current Liabilities vs Net Debt

Total Current Liabilities vs Net Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Harmony Gold Mining Total Current Liabilities account and Net Debt. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Harmony Gold's Total Current Liabilities and Net Debt is -0.43. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Net Debt 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 Total Current Liabilities and Net Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Current Liabilities of Harmony Gold Mining are associated (or correlated) with its Net Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Debt has no effect on the direction of Total Current Liabilities i.e., Harmony Gold's Total Current Liabilities and Net Debt go up and down completely randomly.

Correlation Coefficient

-0.43

Relationship Direction	Negative
Relationship Strength	Very Weak

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Total Current Liabilities

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

Net Debt

The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.

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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Harmony Total Current Liabilities vs Net Debt Analysis

Total Current Liabilities vs Net Debt

Total Current Liabilities vs Net Debt Correlation Analysis

Correlation Coefficient

Total Current Liabilities

Net Debt

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

COMMON DESTINATIONS

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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