Hitek Capital Expenditure Coverage Ratio from 2010 to 2024

HKIT Stock   1.36  0.07  5.43%   
Hitek Global Capital Expenditure Coverage Ratio yearly trend continues to be comparatively stable with very little volatility. Capital Expenditure Coverage Ratio is likely to outpace its year average in 2024. From the period from 2010 to 2024, Hitek Global Capital Expenditure Coverage Ratio quarterly data regression had mean square error of  129.92 and mean deviation of  5.21. View All Fundamentals
 
Capital Expenditure Coverage Ratio  
First Reported
2010-12-31
Previous Quarter
(0.12)
Current Value
(0.11)
Quarterly Volatility
11.06044691
 
Credit Downgrade
 
Yuan Drop
 
Covid
Check Hitek Global financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Hitek Global's main balance sheet or income statement drivers, such as Tax Provision of 490.7 K, Net Interest Income of 627.9 K or Depreciation And Amortization of 51.1 K, as well as many indicators such as Price To Sales Ratio of 2.9, Dividend Yield of 0.0 or PTB Ratio of 0.47. Hitek financial statements analysis is a perfect complement when working with Hitek Global Valuation or Volatility modules.
  
Check out the analysis of Hitek Global Correlation against competitors.

Latest Hitek Global's Capital Expenditure Coverage Ratio Growth Pattern

Below is the plot of the Capital Expenditure Coverage Ratio of Hitek Global Ordinary over the last few years. It is Hitek Global's Capital Expenditure Coverage Ratio historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Hitek Global's overall financial position and show how it may be relating to other accounts over time.
Capital Expenditure Coverage Ratio10 Years Trend
Pretty Stable
   Capital Expenditure Coverage Ratio   
       Timeline  

Hitek Capital Expenditure Coverage Ratio Regression Statistics

Arithmetic Mean4.18
Coefficient Of Variation264.46
Mean Deviation5.21
Median2.61
Standard Deviation11.06
Sample Variance122.33
Range50.9958
R-Value(0.12)
Mean Square Error129.92
R-Squared0.01
Significance0.68
Slope(0.29)
Total Sum of Squares1,713

Hitek Capital Expenditure Coverage Ratio History

2024 -0.11
2023 -0.12
2022 0.68
2021 -8.39
2019 4.49
2018 0.79
2017 42.61

About Hitek Global Financial Statements

Hitek Global shareholders use historical fundamental indicators, such as Capital Expenditure Coverage Ratio, to determine how well the company is positioned to perform in the future. Although Hitek Global investors may analyze each financial statement separately, they are all interrelated. The changes in Hitek Global's assets and liabilities, for example, are also reflected in the revenues and expenses on on Hitek Global's income statement. Understanding these patterns can help investors time the market effectively. Please read more on our fundamental analysis page.
Last ReportedProjected for Next Year
Capital Expenditure Coverage Ratio(0.12)(0.11)

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Additional Tools for Hitek Stock Analysis

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