Hammond Depreciation vs Free Cash Flow Analysis

HPS-A Stock

CAD 133.00 0.90 0.68%

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

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 Hammond Power Solutions Depreciation account and Free Cash Flow. At this time, the significance of the direction appears to have strong relationship.

The correlation between Hammond Power's Depreciation and Free Cash Flow is 0.65. 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 Hammond Power Solutions, assuming nothing else is changed. The correlation between historical values of Hammond Power'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 Hammond Power Solutions 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., Hammond Power's Depreciation and Free Cash Flow go up and down completely randomly.

Correlation Coefficient

0.65

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Depreciation

Depreciation indicates how much of Hammond Power Solutions value has been used up. For tax purposes Hammond Power can deduct the cost of the tangible assets it purchases as business expenses. However, Hammond Power Solutions 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 Hammond Power's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Hammond Power Solutions 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 Hammond Power Solutions. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

At this time, Hammond Power's Selling General Administrative is comparatively stable compared to the past year. Tax Provision is likely to gain to about 21.6 M in 2024, whereas Sales General And Administrative To Revenue is likely to drop 0.09 in 2024.

	2021	2022	2023	2024 (projected)
Total Revenue	380.2M	558.5M	710.1M	745.6M
Depreciation And Amortization	7.6M	11.0M	10.7M	5.6M

Total Revenue Depreciation And Amortization

Hammond Power fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	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	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Good Will	Intangible Assets	Common Stock
Total Assets		0.26	0.17	0.98	0.99	0.84	0.67	-0.74	0.98	0.97	0.96	0.48	0.67	0.96	0.99	0.65	0.65	0.96	0.68	-0.44	0.98	0.99	0.1	0.26	-0.02	0.91
Short Long Term Debt Total	0.26		0.45	0.35	0.18	0.09	0.04	0.35	0.12	0.14	0.3	0.57	0.21	0.3	0.24	-0.1	0.2	0.1	0.07	-0.1	0.35	0.2	0.93	0.44	0.06	0.29
Other Current Liab	0.17	0.45		0.22	0.13	-0.02	0.16	0.21	0.06	0.07	0.09	0.39	0.06	0.09	0.17	-0.08	0.02	0.07	0.25	-0.25	0.21	0.12	0.43	0.28	-0.01	0.26
Total Current Liabilities	0.98	0.35	0.22		0.95	0.75	0.66	-0.67	0.93	0.97	0.96	0.43	0.73	0.96	0.98	0.67	0.61	0.94	0.64	-0.34	1.0	0.98	0.19	0.21	-0.11	0.94
Total Stockholder Equity	0.99	0.18	0.13	0.95		0.87	0.66	-0.78	0.99	0.96	0.94	0.51	0.61	0.94	0.97	0.62	0.63	0.95	0.68	-0.5	0.95	0.97	0.03	0.3	0.03	0.87
Property Plant And Equipment Net	0.84	0.09	-0.02	0.75	0.87		0.36	-0.68	0.88	0.77	0.8	0.52	0.42	0.8	0.79	0.53	0.68	0.74	0.7	-0.51	0.76	0.79	-0.01	0.4	0.33	0.57
Current Deferred Revenue	0.67	0.04	0.16	0.66	0.66	0.36		-0.64	0.64	0.7	0.63	0.2	0.42	0.63	0.65	0.39	0.53	0.8	0.28	-0.23	0.67	0.71	-0.2	-0.05	-0.33	0.79
Net Debt	-0.74	0.35	0.21	-0.67	-0.78	-0.68	-0.64		-0.81	-0.81	-0.75	-0.1	-0.5	-0.75	-0.74	-0.54	-0.43	-0.82	-0.45	0.29	-0.67	-0.78	0.5	0.17	0.21	-0.65
Retained Earnings	0.98	0.12	0.06	0.93	0.99	0.88	0.64	-0.81		0.96	0.93	0.47	0.64	0.93	0.96	0.63	0.66	0.94	0.68	-0.49	0.93	0.97	-0.04	0.25	0.03	0.86
Accounts Payable	0.97	0.14	0.07	0.97	0.96	0.77	0.7	-0.81	0.96		0.95	0.32	0.75	0.95	0.99	0.7	0.64	0.98	0.66	-0.33	0.97	0.99	-0.05	0.07	-0.17	0.93
Cash	0.96	0.3	0.09	0.96	0.94	0.8	0.63	-0.75	0.93	0.95		0.38	0.73	1.0	0.95	0.68	0.63	0.92	0.57	-0.31	0.96	0.96	0.14	0.14	-0.12	0.87
Non Current Assets Total	0.48	0.57	0.39	0.43	0.51	0.52	0.2	-0.1	0.47	0.32	0.38		-0.08	0.38	0.4	-0.25	0.22	0.31	0.3	-0.7	0.42	0.37	0.53	0.81	0.5	0.32
Non Currrent Assets Other	0.67	0.21	0.06	0.73	0.61	0.42	0.42	-0.5	0.64	0.75	0.73	-0.08		0.73	0.74	0.74	0.58	0.68	0.5	0.18	0.74	0.73	0.01	-0.29	-0.51	0.77
Cash And Short Term Investments	0.96	0.3	0.09	0.96	0.94	0.8	0.63	-0.75	0.93	0.95	1.0	0.38	0.73		0.95	0.68	0.63	0.92	0.57	-0.31	0.96	0.96	0.14	0.14	-0.12	0.87
Net Receivables	0.99	0.24	0.17	0.98	0.97	0.79	0.65	-0.74	0.96	0.99	0.95	0.4	0.74	0.95		0.68	0.63	0.96	0.67	-0.38	0.98	0.99	0.07	0.17	-0.11	0.92
Common Stock Shares Outstanding	0.65	-0.1	-0.08	0.67	0.62	0.53	0.39	-0.54	0.63	0.7	0.68	-0.25	0.74	0.68	0.68		0.51	0.66	0.52	0.13	0.68	0.69	-0.15	-0.13	-0.15	0.62
Non Current Liabilities Total	0.65	0.2	0.02	0.61	0.63	0.68	0.53	-0.43	0.66	0.64	0.63	0.22	0.58	0.63	0.63	0.51		0.64	0.65	-0.2	0.66	0.65	-0.09	0.05	-0.04	0.63
Inventory	0.96	0.1	0.07	0.94	0.95	0.74	0.8	-0.82	0.94	0.98	0.92	0.31	0.68	0.92	0.96	0.66	0.64		0.63	-0.33	0.95	0.98	-0.1	0.06	-0.19	0.94
Other Current Assets	0.68	0.07	0.25	0.64	0.68	0.7	0.28	-0.45	0.68	0.66	0.57	0.3	0.5	0.57	0.67	0.52	0.65	0.63		-0.21	0.66	0.67	-0.06	0.25	0.12	0.61
Other Stockholder Equity	-0.44	-0.1	-0.25	-0.34	-0.5	-0.51	-0.23	0.29	-0.49	-0.33	-0.31	-0.7	0.18	-0.31	-0.38	0.13	-0.2	-0.33	-0.21		-0.34	-0.35	-0.08	-0.55	-0.4	-0.24
Total Liab	0.98	0.35	0.21	1.0	0.95	0.76	0.67	-0.67	0.93	0.97	0.96	0.42	0.74	0.96	0.98	0.68	0.66	0.95	0.66	-0.34		0.98	0.18	0.2	-0.1	0.94
Total Current Assets	0.99	0.2	0.12	0.98	0.97	0.79	0.71	-0.78	0.97	0.99	0.96	0.37	0.73	0.96	0.99	0.69	0.65	0.98	0.67	-0.35	0.98		0.01	0.13	-0.14	0.94
Short Term Debt	0.1	0.93	0.43	0.19	0.03	-0.01	-0.2	0.5	-0.04	-0.05	0.14	0.53	0.01	0.14	0.07	-0.15	-0.09	-0.1	-0.06	-0.08	0.18	0.01		0.56	0.24	0.06
Good Will	0.26	0.44	0.28	0.21	0.3	0.4	-0.05	0.17	0.25	0.07	0.14	0.81	-0.29	0.14	0.17	-0.13	0.05	0.06	0.25	-0.55	0.2	0.13	0.56		0.82	0.04
Intangible Assets	-0.02	0.06	-0.01	-0.11	0.03	0.33	-0.33	0.21	0.03	-0.17	-0.12	0.5	-0.51	-0.12	-0.11	-0.15	-0.04	-0.19	0.12	-0.4	-0.1	-0.14	0.24	0.82		-0.31
Common Stock	0.91	0.29	0.26	0.94	0.87	0.57	0.79	-0.65	0.86	0.93	0.87	0.32	0.77	0.87	0.92	0.62	0.63	0.94	0.61	-0.24	0.94	0.94	0.06	0.04	-0.31

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Hammond Power Account Relationship Matchups

Hammond Power fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	215.0M	189.4M	235.1M	302.7M	408.3M	428.8M
Short Long Term Debt Total	44.1M	25.4M	28.8M	17.6M	37.0M	21.3M
Other Current Liab	5.1M	6.3M	6.9M	1.8M	3.9M	3.0M
Total Current Liabilities	93.9M	67.1M	102.0M	117.7M	165.5M	173.7M
Total Stockholder Equity	109.8M	113.9M	126.0M	176.9M	230.4M	241.9M
Property Plant And Equipment Net	32.5M	30.4M	31.0M	41.7M	65.8M	69.1M
Current Deferred Revenue	137K	447K	5.0M	10.6M	5.7M	6.0M
Net Debt	20.7M	10.6M	7.9M	(10.5M)	(15.6M)	(14.8M)
Retained Earnings	85.3M	95.4M	106.6M	146.8M	203.7M	213.9M
Accounts Payable	52.8M	41.7M	66.3M	92.3M	126.4M	132.7M
Cash	23.4M	14.8M	20.9M	28.1M	52.6M	55.2M
Non Current Assets Total	72.4M	69.1M	75.4M	72.6M	98.9M	58.7M
Non Currrent Assets Other	6.9M	6.9M	6.1M	3.1M	14.7M	15.5M
Cash And Short Term Investments	23.4M	14.8M	20.9M	28.1M	52.6M	55.2M
Net Receivables	65.8M	53.8M	73.0M	91.5M	133.8M	140.5M
Common Stock Shares Outstanding	11.8M	11.7M	11.8M	11.9M	11.9M	12.8M
Liabilities And Stockholders Equity	215.0M	189.4M	235.1M	302.7M	408.3M	428.8M
Non Current Liabilities Total	11.3M	8.3M	7.1M	8.1M	12.5M	13.1M
Inventory	50.9M	49.2M	62.5M	106.4M	114.6M	120.3M
Other Current Assets	2.4M	2.5M	3.3M	4.1M	8.4M	8.8M
Total Liab	105.2M	75.5M	109.1M	125.8M	178.0M	186.9M
Total Current Assets	142.6M	120.3M	159.7M	230.1M	309.4M	324.9M
Short Term Debt	34.9M	18.2M	21.8M	10.6M	24.9M	17.6M
Accumulated Other Comprehensive Income	7.4M	1.5M	2.1M	12.4M	8.6M	6.9M
Good Will	11.3M	10.9M	12.2M	12.0M	11.7M	12.7M
Intangible Assets	6.3M	5.9M	10.5M	7.7M	6.6M	10.0M
Other Liab	2.1M	1.2M	1.6M	2.4M	2.2M	2.8M
Net Tangible Assets	92.1M	97.1M	103.3M	157.2M	180.8M	106.4M
Other Assets	8.8M	8.7M	8.4M	11.1M	12.8M	13.4M
Short Long Term Debt	32.7M	16.1M	19.3M	6.2M	18.5M	16.5M
Property Plant Equipment	32.5M	30.4M	31.0M	41.7M	37.6M	30.1M
Long Term Investments	12.2M	13.3M	13.4M	13.3M	13.3M	0.0
Net Invested Capital	142.5M	130.0M	145.3M	183.0M	248.8M	178.1M
Net Working Capital	48.7M	53.1M	57.7M	112.4M	144.0M	78.5M

Pair Trading with Hammond Power

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Hammond Power position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Hammond Power will appreciate offsetting losses from the drop in the long position's value.

The ability to find closely correlated positions to Hammond Power could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Hammond Power when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Hammond Power - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Hammond Power Solutions to buy it.

The correlation of Hammond Power is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Hammond Power moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Hammond Power Solutions moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Hammond Power can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

Additional Tools for Hammond Stock Analysis

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

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Hammond Depreciation vs Free Cash Flow Analysis

Depreciation vs Free Cash Flow

Depreciation vs Free Cash Flow Correlation Analysis

Correlation Coefficient

Depreciation

Free Cash Flow

Hammond Power fundamental ratios Correlations

Hammond Power Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Hammond Power fundamental ratios Accounts

Pair Trading with Hammond Power

Additional Tools for Hammond Stock Analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Liab	+ 1.0	Total Current Liabilities
Cash And Short Term Investments	+ 1.0	Cash
Total Stockholder Equity	+ 0.99	Total Assets
Net Receivables	+ 0.99	Total Assets
Total Current Assets	+ 0.99	Total Assets
Retained Earnings	+ 0.99	Total Stockholder Equity

Inventory	- 0.82	Net Debt
Accounts Payable	- 0.81	Net Debt
Retained Earnings	- 0.81	Net Debt
Total Current Assets	- 0.78	Net Debt
Net Debt	- 0.78	Total Stockholder Equity
Cash And Short Term Investments	- 0.75	Net Debt