Hennessy Other Current Liab vs Cash Analysis
| HCVIU Stock | USD 10.55 0.02 0.19% |
Hennessy Capital financial indicator trend analysis is much more than just examining Hennessy Capital Inv latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Hennessy Capital Inv is a good investment. Please check the relationship between Hennessy Capital Other Current Liab and its Cash accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Hennessy Capital Investment. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.
Other Current Liab vs Cash
Other Current Liab vs Cash Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Hennessy Capital Inv Other Current Liab account and Cash. At this time, the significance of the direction appears to have pay attention.
The correlation between Hennessy Capital's Other Current Liab and Cash is -0.84. Overlapping area represents the amount of variation of Other Current Liab that can explain the historical movement of Cash in the same time period over historical financial statements of Hennessy Capital Investment, assuming nothing else is changed. The correlation between historical values of Hennessy Capital's Other Current Liab and Cash 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 Current Liab of Hennessy Capital Investment are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Other Current Liab i.e., Hennessy Capital's Other Current Liab and Cash go up and down completely randomly.
Correlation Coefficient | -0.84 |
| Relationship Direction | Negative |
| Relationship Strength | Significant |
Other Current Liab
Cash
Cash refers to the most liquid asset of Hennessy Capital Inv, which is listed under current asset account on Hennessy Capital Investment balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Hennessy Capital customers. The amounts must be unrestricted with restricted cash listed in a different Hennessy Capital account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.Most indicators from Hennessy Capital's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Hennessy Capital Inv 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 Hennessy Capital Investment. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product. At this time, Hennessy Capital's Enterprise Value Over EBITDA is comparatively stable compared to the past year. Enterprise Value Multiple is likely to gain to 44.53 in 2024, whereas Selling General Administrative is likely to drop slightly above 2.7 M in 2024.
| 2010 | 2022 | 2023 | 2024 (projected) | Interest Expense | 3.2M | 18.5M | 21.3M | 11.9M | Depreciation And Amortization | 415.6K | 2.3M | 4.8M | 2.8M |
Hennessy Capital fundamental ratios Correlations
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Hennessy Capital Account Relationship Matchups
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