Haivision Net Invested Capital vs Net Debt Analysis

HAI Stock

CAD 4.94 0.02 0.41%

Haivision Systems financial indicator trend analysis is much more than just examining Haivision Systems latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Haivision Systems is a good investment. Please check the relationship between Haivision Systems Net Invested Capital and its Net Debt accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Haivision Systems. 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.

Net Invested Capital vs Net Debt

Net Invested Capital vs Net Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Haivision Systems Net Invested Capital account and Net Debt. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between Haivision Systems' Net Invested Capital and Net Debt is 0.47. Overlapping area represents the amount of variation of Net Invested Capital that can explain the historical movement of Net Debt in the same time period over historical financial statements of Haivision Systems, assuming nothing else is changed. The correlation between historical values of Haivision Systems' Net Invested Capital and Net Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Invested Capital of Haivision Systems are associated (or correlated) with its Net Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Debt has no effect on the direction of Net Invested Capital i.e., Haivision Systems' Net Invested Capital and Net Debt go up and down completely randomly.

Correlation Coefficient

0.47

Relationship Direction	Positive
Relationship Strength	Weak

View All Relationships

Net Invested Capital

The total amount of capital invested in a company, including both equity and debt, minus any cash or cash equivalents.

Net Debt

The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.

Most indicators from Haivision Systems' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Haivision Systems 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 Haivision Systems. 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.

At this time, Haivision Systems' Tax Provision is very stable compared to the past year. As of the 26th of November 2024, Enterprise Value Over EBITDA is likely to grow to 22.78, while Selling General Administrative is likely to drop about 15.8 M.

	2021	2022	2023	2024 (projected)
Interest Expense	1.1M	1.7M	2.0M	2.1M
Depreciation And Amortization	8.2M	9.8M	11.3M	11.9M

Interest Expense Depreciation And Amortization

Haivision Systems fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Net Receivables	Good Will	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Net Invested Capital
Total Assets		0.92	0.64	0.92	0.99	0.84	0.84	0.94	0.9	0.48	-0.6	0.9	0.42	1.0	-0.95	-0.86	0.42	0.97	0.98	-0.05	0.98	0.89	0.99	0.87	0.96	1.0
Short Long Term Debt Total	0.92		0.57	0.97	0.88	0.81	0.64	0.87	0.79	0.69	-0.62	0.96	0.2	0.93	-0.93	-0.87	0.2	0.9	0.92	-0.08	0.93	0.88	0.95	0.8	0.97	0.91
Other Current Liab	0.64	0.57		0.68	0.61	0.54	0.52	0.65	0.66	0.32	-0.15	0.39	0.3	0.61	-0.47	-0.59	0.3	0.73	0.6	0.17	0.7	0.64	0.63	0.64	0.7	0.61
Total Current Liabilities	0.92	0.97	0.68		0.88	0.89	0.6	0.87	0.87	0.73	-0.64	0.92	0.12	0.94	-0.87	-0.92	0.12	0.95	0.95	-0.09	0.93	0.92	0.94	0.87	0.99	0.91
Total Stockholder Equity	0.99	0.88	0.61	0.88		0.82	0.88	0.93	0.89	0.4	-0.59	0.88	0.48	0.99	-0.94	-0.81	0.48	0.95	0.97	-0.06	0.96	0.86	0.98	0.84	0.92	1.0
Other Liab	0.84	0.81	0.54	0.89	0.82		0.48	0.75	0.88	0.73	-0.67	0.77	-0.09	0.88	-0.73	-0.91	-0.09	0.92	0.91	-0.02	0.79	0.82	0.86	0.82	0.87	0.84
Net Tangible Assets	0.84	0.64	0.52	0.6	0.88	0.48		0.81	0.66	-0.01	-0.33	0.65	0.8	0.8	-0.82	-0.5	0.8	0.74	0.75	0.02	0.81	0.63	0.81	0.63	0.68	0.85
Property Plant And Equipment Net	0.94	0.87	0.65	0.87	0.93	0.75	0.81		0.84	0.52	-0.61	0.85	0.45	0.93	-0.93	-0.85	0.45	0.91	0.91	-0.05	0.93	0.96	0.93	0.95	0.91	0.93
Current Deferred Revenue	0.9	0.79	0.66	0.87	0.89	0.88	0.66	0.84		0.49	-0.47	0.77	0.26	0.91	-0.8	-0.92	0.26	0.93	0.93	0.12	0.9	0.85	0.86	0.87	0.9	0.89
Net Debt	0.48	0.69	0.32	0.73	0.4	0.73	-0.01	0.52	0.49		-0.69	0.63	-0.5	0.54	-0.48	-0.75	-0.5	0.59	0.58	-0.2	0.47	0.71	0.55	0.65	0.65	0.47
Retained Earnings	-0.6	-0.62	-0.15	-0.64	-0.59	-0.67	-0.33	-0.61	-0.47	-0.69		-0.7	0.15	-0.65	0.58	0.53	0.15	-0.61	-0.67	0.69	-0.46	-0.7	-0.64	-0.68	-0.58	-0.62
Accounts Payable	0.9	0.96	0.39	0.92	0.88	0.77	0.65	0.85	0.77	0.63	-0.7		0.23	0.92	-0.94	-0.82	0.23	0.85	0.92	-0.23	0.89	0.85	0.91	0.79	0.92	0.91
Cash	0.42	0.2	0.3	0.12	0.48	-0.09	0.8	0.45	0.26	-0.5	0.15	0.23		0.34	-0.46	-0.05	1.0	0.26	0.27	0.14	0.45	0.21	0.34	0.23	0.25	0.43
Non Current Assets Total	1.0	0.93	0.61	0.94	0.99	0.88	0.8	0.93	0.91	0.54	-0.65	0.92	0.34		-0.94	-0.88	0.34	0.98	1.0	-0.08	0.96	0.9	0.99	0.87	0.96	1.0
Non Currrent Assets Other	-0.95	-0.93	-0.47	-0.87	-0.94	-0.73	-0.82	-0.93	-0.8	-0.48	0.58	-0.94	-0.46	-0.94		0.82	-0.46	-0.87	-0.92	0.04	-0.95	-0.87	-0.94	-0.83	-0.91	-0.95
Other Assets	-0.86	-0.87	-0.59	-0.92	-0.81	-0.91	-0.5	-0.85	-0.92	-0.75	0.53	-0.82	-0.05	-0.88	0.82		-0.05	-0.9	-0.9	-0.16	-0.88	-0.91	-0.86	-0.89	-0.92	-0.84
Cash And Short Term Investments	0.42	0.2	0.3	0.12	0.48	-0.09	0.8	0.45	0.26	-0.5	0.15	0.23	1.0	0.34	-0.46	-0.05		0.26	0.27	0.14	0.45	0.21	0.34	0.23	0.25	0.43
Net Receivables	0.97	0.9	0.73	0.95	0.95	0.92	0.74	0.91	0.93	0.59	-0.61	0.85	0.26	0.98	-0.87	-0.9	0.26		0.98	-0.02	0.94	0.91	0.97	0.89	0.96	0.96
Good Will	0.98	0.92	0.6	0.95	0.97	0.91	0.75	0.91	0.93	0.58	-0.67	0.92	0.27	1.0	-0.92	-0.9	0.27	0.98		-0.1	0.95	0.9	0.98	0.88	0.96	0.98
Common Stock Shares Outstanding	-0.05	-0.08	0.17	-0.09	-0.06	-0.02	0.02	-0.05	0.12	-0.2	0.69	-0.23	0.14	-0.08	0.04	-0.16	0.14	-0.02	-0.1		0.09	-0.13	-0.07	-0.12	-0.02	-0.07
Non Current Liabilities Total	0.98	0.93	0.7	0.93	0.96	0.79	0.81	0.93	0.9	0.47	-0.46	0.89	0.45	0.96	-0.95	-0.88	0.45	0.94	0.95	0.09		0.88	0.96	0.84	0.97	0.97
Inventory	0.89	0.88	0.64	0.92	0.86	0.82	0.63	0.96	0.85	0.71	-0.7	0.85	0.21	0.9	-0.87	-0.91	0.21	0.91	0.9	-0.13	0.88		0.89	0.98	0.92	0.88
Other Current Assets	0.99	0.95	0.63	0.94	0.98	0.86	0.81	0.93	0.86	0.55	-0.64	0.91	0.34	0.99	-0.94	-0.86	0.34	0.97	0.98	-0.07	0.96	0.89		0.85	0.96	0.99
Other Stockholder Equity	0.87	0.8	0.64	0.87	0.84	0.82	0.63	0.95	0.87	0.65	-0.68	0.79	0.23	0.87	-0.83	-0.89	0.23	0.89	0.88	-0.12	0.84	0.98	0.85		0.87	0.86
Total Liab	0.96	0.97	0.7	0.99	0.92	0.87	0.68	0.91	0.9	0.65	-0.58	0.92	0.25	0.96	-0.91	-0.92	0.25	0.96	0.96	-0.02	0.97	0.92	0.96	0.87		0.95
Net Invested Capital	1.0	0.91	0.61	0.91	1.0	0.84	0.85	0.93	0.89	0.47	-0.62	0.91	0.43	1.0	-0.95	-0.84	0.43	0.96	0.98	-0.07	0.97	0.88	0.99	0.86	0.95

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Haivision Systems Account Relationship Matchups

Haivision Systems fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	62.8M	122.5M	148.6M	144.1M	165.7M	96.7M
Short Long Term Debt Total	7.6M	8.6M	25.0M	16.2M	18.6M	10.2M
Other Current Liab	9.9M	8.7M	11.1M	9.8M	11.3M	10.5M
Total Current Liabilities	25.2M	24.4M	44.9M	38.1M	43.8M	31.1M
Total Stockholder Equity	30.1M	88.9M	90.3M	94.2M	108.3M	58.1M
Other Liab	2.1M	1.3M	1.6M	2.6M	3.0M	2.0M
Net Tangible Assets	7.7M	13.0M	41.3M	22.2M	25.5M	18.2M
Property Plant And Equipment Net	4.1M	9.8M	12.8M	11.4M	13.1M	13.8M
Current Deferred Revenue	8.1M	7.9M	9.2M	12.1M	13.9M	9.0M
Net Debt	(8.1M)	(18.2M)	19.2M	7.9M	9.1M	9.5M
Retained Earnings	7.3M	(3.0M)	(9.2M)	(10.0M)	(9.0M)	(8.5M)
Accounts Payable	5.5M	6.8M	10.4M	8.8M	10.2M	6.8M
Cash	15.7M	26.8M	5.8M	8.3M	9.5M	11.2M
Non Current Assets Total	25.1M	62.1M	86.9M	84.5M	97.2M	50.2M
Non Currrent Assets Other	2.9M	1.8M	960.3K	1.6M	1.4M	2.2M
Other Assets	4.0M	4.0M	4.7M	2.8M	2.5M	3.4M
Cash And Short Term Investments	15.7M	26.8M	5.8M	8.3M	9.5M	11.2M
Net Receivables	15.0M	21.5M	29.7M	28.4M	32.6M	22.4M
Good Will	14.7M	30.1M	44.6M	46.2M	53.2M	27.8M
Liabilities And Stockholders Equity	62.8M	122.5M	148.6M	144.1M	165.7M	96.7M
Non Current Liabilities Total	7.5M	9.2M	13.5M	11.9M	13.6M	7.6M
Inventory	6.0M	8.8M	21.1M	18.9M	21.8M	22.9M
Other Current Assets	907.7K	3.2M	5.1M	4.0M	4.6M	2.4M
Other Stockholder Equity	1.8M	2.7M	4.6M	5.3M	6.1M	6.4M
Total Liab	32.7M	33.6M	58.3M	49.9M	57.4M	38.6M
Net Invested Capital	34.0M	88.9M	105.4M	101.9M	117.2M	63.5M
Short Long Term Debt	1.0M	1.2M	12.6M	5.6M	6.5M	4.8M
Total Current Assets	37.6M	60.4M	61.7M	59.6M	68.6M	46.6M
Accumulated Other Comprehensive Income	1.8M	(546.3K)	4.7M	8.0M	9.1M	9.6M
Net Working Capital	12.4M	36.0M	16.8M	21.5M	24.8M	15.5M
Short Term Debt	1.8M	1.0M	14.1M	7.3M	8.4M	4.8M
Intangible Assets	2.3M	17.5M	23.5M	17.7M	20.3M	21.3M
Common Stock	20.9M	89.8M	90.2M	90.9M	104.5M	56.0M
Property Plant Equipment	1.2M	4.1M	9.8M	12.8M	14.7M	15.4M
Capital Stock	20.9M	89.8M	90.2M	90.9M	104.5M	61.4M

Pair Trading with Haivision Systems

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 Haivision Systems 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 Haivision Systems will appreciate offsetting losses from the drop in the long position's value.

Moving against Haivision Stock

0.75	ETG	Entree Resources	Pair Corr
0.63	NVDA	NVIDIA CDR	Pair Corr
0.58	EXN	Excellon Resources	Pair Corr
0.51	IMP	Intermap Technologies	Pair Corr
0.49	VGZ	Vista Gold	Pair Corr

The ability to find closely correlated positions to Haivision Systems could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Haivision Systems 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 Haivision Systems - 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 Haivision Systems to buy it.

The correlation of Haivision Systems 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 Haivision Systems moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Haivision Systems 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 Haivision Systems 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

Other Information on Investing in Haivision Stock

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

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Haivision Net Invested Capital vs Net Debt Analysis

Net Invested Capital vs Net Debt

Net Invested Capital vs Net Debt Correlation Analysis

Correlation Coefficient

Net Invested Capital

Net Debt

Haivision Systems fundamental ratios Correlations

Haivision Systems Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Haivision Systems fundamental ratios Accounts

Pair Trading with Haivision Systems

Moving against Haivision Stock

Other Information on Investing in Haivision Stock

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Non Current Assets Total	+ 1.0	Total Assets
Net Invested Capital	+ 1.0	Total Assets
Net Invested Capital	+ 1.0	Total Stockholder Equity
Cash And Short Term Investments	+ 1.0	Cash
Good Will	+ 1.0	Non Current Assets Total
Net Invested Capital	+ 1.0	Non Current Assets Total

Net Invested Capital	- 0.95	Non Currrent Assets Other
Non Current Liabilities Total	- 0.95	Non Currrent Assets Other
Non Currrent Assets Other	- 0.95	Total Assets
Other Current Assets	- 0.94	Non Currrent Assets Other
Non Currrent Assets Other	- 0.94	Non Current Assets Total
Non Currrent Assets Other	- 0.94	Accounts Payable