HEES Retained Earnings vs Net Working Capital Analysis

HEES Stock

USD 58.76 2.08 3.67%

HE Equipment financial indicator trend analysis is much more than just examining HE Equipment Services latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether HE Equipment Services is a good investment. Please check the relationship between HE Equipment Retained Earnings and its Net Working Capital accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in HE Equipment Services. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.

Retained Earnings vs Net Working Capital

Retained Earnings vs Net Working Capital Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of HE Equipment Services Retained Earnings account and Net Working Capital. At this time, the significance of the direction appears to have weak contrarian relationship.

The correlation between HE Equipment's Retained Earnings and Net Working Capital is -0.11. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Net Working Capital in the same time period over historical financial statements of HE Equipment Services, assuming nothing else is changed. The correlation between historical values of HE Equipment's Retained Earnings and Net Working Capital is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Retained Earnings of HE Equipment Services are associated (or correlated) with its Net Working Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Working Capital has no effect on the direction of Retained Earnings i.e., HE Equipment's Retained Earnings and Net Working Capital go up and down completely randomly.

Correlation Coefficient

-0.11

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Retained Earnings

The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.

Net Working Capital

Most indicators from HE Equipment's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into HE Equipment Services 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 HE Equipment Services. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.

At this time, HE Equipment's Tax Provision is comparatively stable compared to the past year. Enterprise Value Over EBITDA is likely to gain to 7.54 in 2024, despite the fact that Discontinued Operations is likely to grow to (1.3 M).

	2021	2022	2023	2024 (projected)
Gross Profit	415.4M	555.2M	684.5M	718.7M
Total Revenue	1.1B	1.2B	1.5B	980.4M

Gross Profit Total Revenue

HE Equipment fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Stockholder Equity	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Long Term Debt	Cash And Short Term Investments	Good Will	Common Stock Shares Outstanding	Inventory	Total Liab	Total Current Assets	Intangible Assets	Common Stock	Property Plant Equipment	Other Liab	Other Stockholder Equity	Short Long Term Debt Total	Total Current Liabilities	Property Plant And Equipment Net	Current Deferred Revenue
Total Assets		0.31	0.89	0.96	0.79	0.61	0.27	0.99	-0.27	0.87	0.79	0.27	0.85	0.65	0.48	0.83	0.66	0.47	-0.51	-0.36	0.78	-0.32	0.81	-0.1	0.99	-0.41
Other Current Liab	0.31		0.46	0.29	0.31	0.33	-0.01	0.35	-0.05	0.17	0.04	-0.01	0.38	0.68	0.3	0.24	0.3	0.06	-0.71	0.01	0.04	0.3	0.16	0.04	0.27	-0.71
Total Stockholder Equity	0.89	0.46		0.79	0.96	0.58	0.1	0.9	-0.26	0.83	0.67	0.1	0.82	0.5	0.33	0.6	0.43	0.09	-0.36	-0.36	0.63	-0.39	0.55	-0.25	0.91	-0.27
Net Debt	0.96	0.29	0.79		0.66	0.5	0.1	0.97	-0.22	0.77	0.74	0.1	0.85	0.7	0.61	0.82	0.57	0.63	-0.58	-0.26	0.64	-0.19	0.81	0.12	0.96	-0.5
Retained Earnings	0.79	0.31	0.96	0.66		0.52	0.04	0.8	-0.26	0.81	0.63	0.04	0.75	0.25	0.18	0.47	0.27	-0.09	-0.11	-0.38	0.57	-0.52	0.44	-0.33	0.83	-0.01
Accounts Payable	0.61	0.33	0.58	0.5	0.52		0.4	0.56	-0.62	0.58	0.31	0.4	0.54	0.43	0.4	0.66	0.66	0.25	-0.32	-0.43	0.52	-0.06	0.6	-0.23	0.55	-0.25
Cash	0.27	-0.01	0.1	0.1	0.04	0.4		0.13	-0.03	0.33	0.34	1.0	0.02	0.24	-0.19	0.42	0.82	0.09	-0.15	-0.24	0.71	-0.25	0.45	-0.51	0.12	-0.17
Non Current Assets Total	0.99	0.35	0.9	0.97	0.8	0.56	0.13		-0.26	0.85	0.75	0.13	0.87	0.67	0.51	0.79	0.56	0.47	-0.53	-0.34	0.7	-0.28	0.77	-0.03	0.99	-0.44
Non Currrent Assets Other	-0.27	-0.05	-0.26	-0.22	-0.26	-0.62	-0.03	-0.26		-0.28	-0.27	-0.03	-0.28	-0.09	-0.21	-0.33	-0.2	-0.16	0.04	0.12	-0.16	0.25	-0.28	0.12	-0.26	0.0
Other Assets	0.87	0.17	0.83	0.77	0.81	0.58	0.33	0.85	-0.28		0.63	0.33	0.81	0.38	0.08	0.71	0.54	0.26	-0.2	-0.57	0.8	-0.4	0.71	-0.28	0.86	-0.11
Long Term Debt	0.79	0.04	0.67	0.74	0.63	0.31	0.34	0.75	-0.27	0.63		0.34	0.62	0.38	0.36	0.65	0.57	0.28	-0.26	0.07	0.67	-0.66	0.67	-0.18	0.76	-0.22
Cash And Short Term Investments	0.27	-0.01	0.1	0.1	0.04	0.4	1.0	0.13	-0.03	0.33	0.34		0.02	0.24	-0.19	0.42	0.82	0.09	-0.15	-0.24	0.71	-0.25	0.45	-0.51	0.12	-0.17
Good Will	0.85	0.38	0.82	0.85	0.75	0.54	0.02	0.87	-0.28	0.81	0.62	0.02		0.52	0.4	0.71	0.41	0.33	-0.39	-0.36	0.56	-0.32	0.7	0.13	0.85	-0.33
Common Stock Shares Outstanding	0.65	0.68	0.5	0.7	0.25	0.43	0.24	0.67	-0.09	0.38	0.38	0.24	0.52		0.58	0.67	0.68	0.63	-0.98	-0.07	0.44	0.29	0.61	0.16	0.59	-0.95
Inventory	0.48	0.3	0.33	0.61	0.18	0.4	-0.19	0.51	-0.21	0.08	0.36	-0.19	0.4	0.58		0.49	0.33	0.58	-0.59	0.27	0.01	0.21	0.47	0.46	0.48	-0.54
Total Liab	0.83	0.24	0.6	0.82	0.47	0.66	0.42	0.79	-0.33	0.71	0.65	0.42	0.71	0.67	0.49		0.8	0.7	-0.54	-0.31	0.73	-0.19	0.99	0.01	0.77	-0.49
Total Current Assets	0.66	0.3	0.43	0.57	0.27	0.66	0.82	0.56	-0.2	0.54	0.57	0.82	0.41	0.68	0.33	0.8		0.49	-0.58	-0.21	0.79	-0.11	0.79	-0.25	0.53	-0.56
Intangible Assets	0.47	0.06	0.09	0.63	-0.09	0.25	0.09	0.47	-0.16	0.26	0.28	0.09	0.33	0.63	0.58	0.7	0.49		-0.6	-0.08	0.26	0.27	0.71	0.37	0.44	-0.56
Common Stock	-0.51	-0.71	-0.36	-0.58	-0.11	-0.32	-0.15	-0.53	0.04	-0.2	-0.26	-0.15	-0.39	-0.98	-0.59	-0.54	-0.58	-0.6		-0.04	-0.28	-0.4	-0.47	-0.22	-0.45	0.99
Property Plant Equipment	-0.36	0.01	-0.36	-0.26	-0.38	-0.43	-0.24	-0.34	0.12	-0.57	0.07	-0.24	-0.36	-0.07	0.27	-0.31	-0.21	-0.08	-0.04		-0.52	0.18	-0.3	0.38	-0.36	-0.09
Other Liab	0.78	0.04	0.63	0.64	0.57	0.52	0.71	0.7	-0.16	0.8	0.67	0.71	0.56	0.44	0.01	0.73	0.79	0.26	-0.28	-0.52		-0.45	0.74	-0.39	0.71	-0.23
Other Stockholder Equity	-0.32	0.3	-0.39	-0.19	-0.52	-0.06	-0.25	-0.28	0.25	-0.4	-0.66	-0.25	-0.32	0.29	0.21	-0.19	-0.11	0.27	-0.4	0.18	-0.45		-0.23	0.45	-0.33	-0.39
Short Long Term Debt Total	0.81	0.16	0.55	0.81	0.44	0.6	0.45	0.77	-0.28	0.71	0.67	0.45	0.7	0.61	0.47	0.99	0.79	0.71	-0.47	-0.3	0.74	-0.23		0.03	0.75	-0.43
Total Current Liabilities	-0.1	0.04	-0.25	0.12	-0.33	-0.23	-0.51	-0.03	0.12	-0.28	-0.18	-0.51	0.13	0.16	0.46	0.01	-0.25	0.37	-0.22	0.38	-0.39	0.45	0.03		-0.07	-0.24
Property Plant And Equipment Net	0.99	0.27	0.91	0.96	0.83	0.55	0.12	0.99	-0.26	0.86	0.76	0.12	0.85	0.59	0.48	0.77	0.53	0.44	-0.45	-0.36	0.71	-0.33	0.75	-0.07		-0.35
Current Deferred Revenue	-0.41	-0.71	-0.27	-0.5	-0.01	-0.25	-0.17	-0.44	0.0	-0.11	-0.22	-0.17	-0.33	-0.95	-0.54	-0.49	-0.56	-0.56	0.99	-0.09	-0.23	-0.39	-0.43	-0.24	-0.35

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HE Equipment Account Relationship Matchups

HE Equipment fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	2.0B	2.0B	2.1B	2.3B	2.6B	2.8B
Other Current Liab	68.9M	54.9M	42.9M	59.9M	60.6M	58.8M
Total Stockholder Equity	307.5M	238.2M	303.4M	401.0M	534.3M	561.0M
Net Debt	1.3B	1.1B	1.1B	1.3B	1.6B	1.7B
Retained Earnings	136.1M	63.8M	126.6M	218.7M	348.0M	365.4M
Accounts Payable	58.9M	75.3M	95.6M	129.5M	85.5M	71.9M
Cash	14.2M	310.9M	357.3M	81.3M	8.5M	8.1M
Non Current Assets Total	1.7B	1.4B	1.5B	1.9B	2.3B	2.4B
Non Currrent Assets Other	2.9M	2.2M	1.5M	(270.4M)	4.6M	3.6M
Other Assets	1.2B	1.2B	1.3B	1.4B	1.7B	1.7B
Long Term Debt	945.6M	1.2B	1.3B	1.2B	1.4B	1.5B
Cash And Short Term Investments	14.2M	310.9M	357.3M	81.3M	8.5M	8.1M
Good Will	131.4M	68.9M	63.1M	102.7M	108.2M	113.6M
Common Stock Shares Outstanding	36.0M	36.1M	36.5M	36.1M	36.3M	36.2M
Liabilities And Stockholders Equity	2.0B	2.0B	2.1B	2.3B	2.6B	2.8B
Inventory	85.5M	72.5M	75.3M	107.8M	109.9M	95.9M
Total Liab	1.7B	1.7B	1.8B	1.9B	2.1B	1.1B
Total Current Assets	302.2M	572.6M	610.9M	435.9M	374.6M	292.4M
Intangible Assets	32.9M	29.0M	25.0M	32.6M	32.6M	20.3M
Common Stock	398K	401K	403K	405K	408K	394.4K
Property Plant Equipment	130.6M	116.7M	112.3M	134.6M	121.2M	115.1M
Other Liab	194.0M	491.9M	527.1M	287.0M	330.1M	346.6M
Other Stockholder Equity	171.1M	174.0M	176.3M	181.9M	185.9M	176.6M
Short Long Term Debt Total	1.4B	1.4B	1.4B	1.4B	1.6B	857.3M
Total Current Liabilities	348.6M	145.6M	155.4M	197.8M	166.8M	191.8M
Property Plant And Equipment Net	1.5B	1.3B	1.4B	1.7B	2.1B	2.2B
Current Deferred Revenue	4.0M	4.4M	5.2M	6.7M	6.8M	7.7M
Net Receivables	192.2M	150.5M	157.2M	225.3M	247.4M	156.7M
Non Current Liabilities Total	1.3B	1.6B	1.6B	1.7B	1.9B	2.0B
Other Current Assets	10.3M	121.5M	21.1M	21.5M	17.5M	15.7M
Property Plant And Equipment Gross	1.5B	1.3B	2.3B	2.8B	3.4B	3.5B
Short Term Debt	216.9M	9.6M	45.1M	30.5M	184.4M	114.3M
Common Stock Total Equity	398K	401K	403K	405K	465.8K	430.7K
Treasury Stock	(64.8M)	(66.2M)	(68.3M)	(70.0M)	(63.0M)	(66.1M)
Net Tangible Assets	143.1M	140.4M	215.3M	265.7M	305.6M	169.2M
Retained Earnings Total Equity	136.1M	63.8M	126.6M	218.7M	251.5M	264.1M
Capital Surpluse	235.8M	240.2M	244.6M	251.9M	289.7M	253.2M
Deferred Long Term Liab	182.2M	171.0M	201.2M	271.2M	311.8M	327.4M

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