| HDD Stock | | | 4.85 0.10 2.11% |
Hardide PLC financial indicator trend analysis is much more than just examining Hardide PLC latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Hardide PLC is a good investment. Please check the relationship between Hardide PLC Cash And Short Term Investments and its Cash accounts. Check out
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Hardide PLC. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in bureau of economic analysis.
Cash And Short Term Investments vs Cash
Cash And Short Term Investments vs Cash Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Hardide PLC Cash And Short Term Investments account and
Cash. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Hardide PLC's Cash And Short Term Investments and Cash is 0.97. Overlapping area represents the amount of variation of Cash And Short Term Investments that can explain the historical movement of Cash in the same time period over historical financial statements of Hardide PLC, assuming nothing else is changed. The correlation between historical values of Hardide PLC's Cash And Short Term Investments 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 Cash And Short Term Investments of Hardide PLC 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 Cash And Short Term Investments i.e., Hardide PLC's Cash And Short Term Investments and Cash go up and down completely randomly.
Correlation Coefficient | 0.97 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
Cash And Short Term Investments
Short Term Investments is an account in the current assets section of Hardide PLC balance sheet. This account contains Hardide PLC investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Hardide PLC fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.
Cash
Cash refers to the most liquid asset of Hardide PLC, which is listed under current asset account on Hardide PLC balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Hardide PLC customers. The amounts must be unrestricted with restricted cash listed in a different Hardide PLC 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 Hardide PLC's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Hardide PLC 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 Hardide PLC. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in bureau of economic analysis.
As of November 28, 2024,
Selling General Administrative is expected to decline to about 2.3
M. In addition to that,
Tax Provision is expected to decline to about (90.6
K)
Hardide PLC fundamental ratios Correlations
Click cells to compare fundamentals
Hardide PLC Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Hardide PLC fundamental ratios Accounts
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Other Information on Investing in Hardide Stock
Balance Sheet is a snapshot of the
financial position of Hardide PLC at a specified time, usually calculated after every quarter, six months, or one year. Hardide PLC Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Hardide PLC 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 Hardide currently owns. An asset can also be divided into two categories, current and non-current.