Heroux Other Stockholder Equity vs Retained Earnings Analysis

HRX Stock  CAD 31.86  0.14  0.44%   
Heroux Devtek financial indicator trend analysis is much more than just examining Heroux Devtek latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Heroux Devtek is a good investment. Please check the relationship between Heroux Devtek Other Stockholder Equity and its Retained Earnings accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Heroux Devtek. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Other Stockholder Equity vs Retained Earnings

Other Stockholder Equity vs Retained Earnings Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Heroux Devtek Other Stockholder Equity account and Retained Earnings. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Heroux Devtek's Other Stockholder Equity and Retained Earnings is -0.29. Overlapping area represents the amount of variation of Other Stockholder Equity that can explain the historical movement of Retained Earnings in the same time period over historical financial statements of Heroux Devtek, assuming nothing else is changed. The correlation between historical values of Heroux Devtek's Other Stockholder Equity and Retained Earnings is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Stockholder Equity of Heroux Devtek are associated (or correlated) with its Retained Earnings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Retained Earnings has no effect on the direction of Other Stockholder Equity i.e., Heroux Devtek's Other Stockholder Equity and Retained Earnings go up and down completely randomly.

Correlation Coefficient

-0.29
Relationship DirectionNegative 
Relationship StrengthInsignificant

Other Stockholder Equity

Retained Earnings

The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.
Most indicators from Heroux Devtek's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Heroux Devtek 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 Heroux Devtek. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
As of the 4th of December 2024, Enterprise Value is likely to grow to about 872.7 M, while Selling General Administrative is likely to drop about 29.7 M.
 2021 2022 2023 2024 (projected)
Gross Profit91.1M73.5M111.1M63.1M
Total Revenue536.1M543.6M629.8M373.2M

Heroux Devtek fundamental ratios Correlations

0.930.790.940.940.930.740.910.890.120.96-0.190.120.720.80.930.680.69-0.270.970.660.940.380.850.40.81
0.930.720.860.770.880.810.740.830.120.92-0.020.120.650.650.990.60.76-0.320.970.580.840.510.820.310.83
0.790.720.770.720.690.570.710.640.090.8-0.020.090.550.790.740.470.53-0.20.780.40.70.280.860.230.67
0.940.860.770.820.820.780.780.96-0.070.87-0.32-0.070.770.620.870.770.6-0.220.960.740.930.530.790.550.75
0.940.770.720.820.890.550.970.760.20.9-0.190.20.640.890.770.590.56-0.250.810.60.880.120.770.290.74
0.930.880.690.820.890.720.80.780.10.95-0.130.10.610.790.880.590.83-0.210.880.590.80.360.720.340.77
0.740.810.570.780.550.720.490.82-0.410.77-0.1-0.410.830.420.790.810.71-0.140.810.70.630.720.720.490.8
0.910.740.710.780.970.80.490.730.250.86-0.190.250.580.870.740.530.48-0.290.780.520.860.050.810.160.73
0.890.830.640.960.760.780.820.73-0.180.83-0.4-0.180.790.540.830.790.59-0.280.920.750.870.550.740.530.77
0.120.120.09-0.070.20.1-0.410.25-0.180.030.261.0-0.220.350.14-0.26-0.03-0.30.05-0.110.2-0.41-0.07-0.19-0.16
0.960.920.80.870.90.950.770.860.830.03-0.120.030.650.80.910.580.73-0.240.920.550.810.350.880.250.91
-0.19-0.02-0.02-0.32-0.19-0.13-0.1-0.19-0.40.26-0.120.26-0.12-0.04-0.04-0.250.12-0.09-0.17-0.31-0.24-0.05-0.11-0.3-0.1
0.120.120.09-0.070.20.1-0.410.25-0.181.00.030.26-0.220.350.14-0.26-0.03-0.30.05-0.110.2-0.41-0.07-0.19-0.16
0.720.650.550.770.640.610.830.580.79-0.220.65-0.12-0.220.540.640.960.51-0.190.720.870.730.580.590.70.62
0.80.650.790.620.890.790.420.870.540.350.8-0.040.350.540.680.470.58-0.210.680.410.72-0.010.740.20.59
0.930.990.740.870.770.880.790.740.830.140.91-0.040.140.640.680.60.78-0.280.970.550.860.510.830.350.79
0.680.60.470.770.590.590.810.530.79-0.260.58-0.25-0.260.960.470.60.52-0.110.70.90.730.60.520.760.51
0.690.760.530.60.560.830.710.480.59-0.030.730.12-0.030.510.580.780.52-0.050.730.370.570.540.560.290.53
-0.27-0.32-0.2-0.22-0.25-0.21-0.14-0.29-0.28-0.3-0.24-0.09-0.3-0.19-0.21-0.28-0.11-0.05-0.27-0.33-0.28-0.03-0.150.13-0.22
0.970.970.780.960.810.880.810.780.920.050.92-0.170.050.720.680.970.70.73-0.270.660.920.540.840.450.8
0.660.580.40.740.60.590.70.520.75-0.110.55-0.31-0.110.870.410.550.90.37-0.330.660.730.570.390.70.48
0.940.840.70.930.880.80.630.860.870.20.81-0.240.20.730.720.860.730.57-0.280.920.730.380.730.530.62
0.380.510.280.530.120.360.720.050.55-0.410.35-0.05-0.410.58-0.010.510.60.54-0.030.540.570.380.310.550.36
0.850.820.860.790.770.720.720.810.74-0.070.88-0.11-0.070.590.740.830.520.56-0.150.840.390.730.310.150.85
0.40.310.230.550.290.340.490.160.53-0.190.25-0.3-0.190.70.20.350.760.290.130.450.70.530.550.150.13
0.810.830.670.750.740.770.80.730.77-0.160.91-0.1-0.160.620.590.790.510.53-0.220.80.480.620.360.850.13
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Heroux Devtek Account Relationship Matchups

Heroux Devtek fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets898.8M853.3M813.4M821.3M911.4M518.4M
Short Long Term Debt Total289.6M250.7M236.5M177.9M218.0M128.7M
Other Current Liab82.9M77.6M66.6M63.6M71.0M45.8M
Total Current Liabilities216.6M193.4M179.8M223.9M240.9M124.0M
Total Stockholder Equity347.9M390.5M377.3M390.9M429.6M249.7M
Property Plant And Equipment Net259.6M227.6M208.8M205.5M200.5M146.9M
Net Debt243.8M155.2M149.8M162.9M208.3M218.7M
Retained Earnings255.2M282.8M282.5M289.6M323.0M163.3M
Accounts Payable80.6M57.5M71.6M89.5M87.0M53.8M
Cash45.8M95.5M86.7M15.0M9.8M9.3M
Non Current Assets Total476.8M418.5M397.9M391.8M403.6M252.7M
Non Currrent Assets Other9.1M12.6M18.5M(350.7M)7.8M8.2M
Cash And Short Term Investments45.8M95.5M86.7M15.0M9.8M9.3M
Net Receivables112.6M111.7M117.8M120.4M163.5M171.7M
Common Stock Shares Outstanding36.4M36.5M36.0M34.5M34.0M32.1M
Liabilities And Stockholders Equity898.8M853.3M813.4M821.3M911.4M518.4M
Non Current Liabilities Total332.8M268.2M256.3M206.5M240.8M144.5M
Inventory241.1M216.4M200.3M263.0M323.4M339.5M
Other Current Assets22.5M11.2M10.6M7.8M11.2M10.6M
Other Stockholder Equity5.8M5.1M(364.7M)6.7M8.2M7.8M
Total Liab549.4M461.6M436.1M430.4M481.8M268.4M
Property Plant And Equipment Gross259.6M478.9M447.7M477.4M500.3M525.3M
Total Current Assets422.1M434.8M415.5M429.5M507.8M265.7M
Accumulated Other Comprehensive Income7.2M16.3M6.9M12.1M17.0M17.9M
Short Term Debt16.9M15.3M10.8M11.4M16.3M17.1M
Intangible Assets64.0M52.0M47.3M53.7M60.6M34.9M
Current Deferred Revenue34.9M40.9M29.9M58.9M64.5M67.7M
Good Will120.8M116.0M108.2M112.4M113.7M86.1M
Common Stock79.8M86.2M82.2M82.5M81.4M77.9M
Other Liab37.4M58.8M33.8M30.6M35.1M33.9M
Net Tangible Assets157.5M175.7M233.3M233.6M268.7M224.9M
Other Assets41.4M33.4M37.0M14.5M13.0M12.4M
Long Term Debt228.1M235.4M225.7M166.5M201.8M187.5M
Deferred Long Term Liab13.9M12.5M10.8M11.9M10.7M15.8M
Short Long Term Debt16.9M15.3M10.8M11.4M16.3M18.9M
Property Plant Equipment259.6M227.6M208.8M205.5M236.3M212.2M
Long Term Debt Total272.8M235.4M225.7M166.5M191.5M211.5M
Capital Surpluse5.8M5.1M5.8M6.7M7.7M5.4M

Other Information on Investing in Heroux Stock

Balance Sheet is a snapshot of the financial position of Heroux Devtek at a specified time, usually calculated after every quarter, six months, or one year. Heroux Devtek Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Heroux Devtek 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 Heroux currently owns. An asset can also be divided into two categories, current and non-current.