| HDD Stock | | | 4.35 0.15 3.33% |
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 Net Debt and its Total Current Liabilities 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.
Net Debt vs Total Current Liabilities
Net Debt vs Total Current Liabilities Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Hardide PLC Net Debt account and
Total Current Liabilities. At this time, the significance of the direction appears to have almost no relationship.
The correlation between Hardide PLC's Net Debt and Total Current Liabilities is 0.14. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Total Current Liabilities 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 Net Debt and Total Current Liabilities 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 Debt of Hardide PLC are associated (or correlated) with its Total Current Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Liabilities has no effect on the direction of Net Debt i.e., Hardide PLC's Net Debt and Total Current Liabilities go up and down completely randomly.
Correlation Coefficient | 0.14 |
| Relationship Direction | Positive |
| Relationship Strength | Insignificant |
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.
Total Current Liabilities
Total Current Liabilities is an item on Hardide PLC balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Hardide PLC are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.
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 24, 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.