Hitek Global Ordinary Stock Current Liabilities

HKIT Stock   1.36  0.07  5.43%   
Hitek Global Ordinary fundamentals help investors to digest information that contributes to Hitek Global's financial success or failures. It also enables traders to predict the movement of Hitek Stock. The fundamental analysis module provides a way to measure Hitek Global's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Hitek Global stock.
Non Current Liabilities Total is likely to gain to about 4.7 M in 2024, whereas Total Current Liabilities is likely to drop slightly above 2.9 M in 2024.
  
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Hitek Global Ordinary Company Current Liabilities Analysis

Hitek Global's Current Liabilities is the company's short term debt. This usually includes obligations that are due within the next 12 months or within one fiscal year. Current liabilities are very important in analyzing a company's financial health as it requires the company to convert some of its current assets into cash.

Current Liabilities

 = 

Payables

+

Accrued Debt

More About Current Liabilities | All Equity Analysis

Hitek Current Liabilities Driver Correlations

Understanding the fundamental principles of building solid financial models for Hitek Global is extremely important. It helps to project a fair market value of Hitek Stock properly, considering its historical fundamentals such as Current Liabilities. Since Hitek Global's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Hitek Global's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Hitek Global's interrelated accounts and indicators.
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Hitek Current Liabilities Historical Pattern

Today, most investors in Hitek Global Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Hitek Global's growth ratios. Consistent increases or drops in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's current liabilities growth rates may not be enough to decide which company is a better investment. That's why investors frequently use a static breakdown of Hitek Global current liabilities as a starting point in their analysis.
   Hitek Global Current Liabilities   
       Timeline  
Current liabilities appear on the company's balance sheet and include all short term debt accounts, accounts and notes payable, accrued liabilities as well as current payments due on the long-term loans. One of the most useful applications of Current Liabilities is the current ratio which is defined as current assets divided by its current liabilities. High current ratios mean that current assets are more than sufficient to pay off current liabilities.
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Hitek Total Current Liabilities

Total Current Liabilities

2.92 Million

At this time, Hitek Global's Total Current Liabilities is comparatively stable compared to the past year.
In accordance with the recently published financial statements, Hitek Global Ordinary has a Current Liabilities of 0.0. This is 100.0% lower than that of the Software sector and about the same as Information Technology (which currently averages 0.0) industry. The current liabilities for all United States stocks is 100.0% higher than that of the company.

Hitek Global Current Valuation Drivers

We derive many important indicators used in calculating different scores of Hitek Global from analyzing Hitek Global's financial statements. These drivers represent accounts that assess Hitek Global's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Hitek Global's important valuation drivers and their relationship over time.
201920202021202220232024 (projected)
Enterprise Value85.9M84.8M81.2M62.6M7.2M6.9M

Hitek Fundamentals

About Hitek Global Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Hitek Global Ordinary's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Hitek Global using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Hitek Global Ordinary based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.

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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.