Hitek Net Tangible Assets from 2010 to 2025

HKIT Stock   5.00  3.67  275.94%   
Hitek Global Net Tangible Assets yearly trend continues to be comparatively stable with very little volatility. Net Tangible Assets will likely drop to about 10 M in 2025. Net Tangible Assets is the total assets of Hitek Global Ordinary minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company. View All Fundamentals
 
Net Tangible Assets  
First Reported
2010-12-31
Previous Quarter
15.1 M
Current Value
10 M
Quarterly Volatility
3.7 M
 
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 722.1 K or Depreciation And Amortization of 46 K, as well as many indicators such as Price To Sales Ratio of 3.33, Dividend Yield of 0.0 or PTB Ratio of 0.54. 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 Net Tangible Assets Growth Pattern

Below is the plot of the Net Tangible Assets of Hitek Global Ordinary over the last few years. It is the total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company. Hitek Global's Net Tangible Assets 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.
Net Tangible Assets10 Years Trend
Slightly volatile
   Net Tangible Assets   
       Timeline  

Hitek Net Tangible Assets Regression Statistics

Arithmetic Mean8,317,405
Geometric Mean7,602,904
Coefficient Of Variation44.67
Mean Deviation3,297,068
Median7,036,517
Standard Deviation3,715,200
Sample Variance13.8T
Range9.9M
R-Value0.86
Mean Square Error3.7T
R-Squared0.75
Significance0.000015
Slope674,806
Total Sum of Squares207T

Hitek Net Tangible Assets History

202510 M
202415.1 M
202113.1 M
202011.2 M
2019M
2018M

About Hitek Global Financial Statements

Hitek Global shareholders use historical fundamental indicators, such as Net Tangible Assets, 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
Net Tangible Assets15.1 M10 M

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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.