HEICO Free Cash Flow vs Capital Expenditures Analysis

HEI-A Stock

USD 191.58 3.55 1.89%

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

For information on how to trade HEICO Stock refer to our How to Trade HEICO Stock guide.

Free Cash Flow vs Capital Expenditures

Free Cash Flow vs Capital Expenditures Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of HEICO Free Cash Flow account and Capital Expenditures. At this time, the significance of the direction appears to have almost identical trend.

The correlation between HEICO's Free Cash Flow and Capital Expenditures is 0.93. Overlapping area represents the amount of variation of Free Cash Flow that can explain the historical movement of Capital Expenditures in the same time period over historical financial statements of HEICO, assuming nothing else is changed. The correlation between historical values of HEICO's Free Cash Flow and Capital Expenditures is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Free Cash Flow of HEICO are associated (or correlated) with its Capital Expenditures. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capital Expenditures has no effect on the direction of Free Cash Flow i.e., HEICO's Free Cash Flow and Capital Expenditures go up and down completely randomly.

Correlation Coefficient

0.93

Relationship Direction	Positive
Relationship Strength	Very Strong

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Free Cash Flow

The amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.

Capital Expenditures

Capital Expenditures are funds used by HEICO to acquire physical assets such as property, industrial buildings or equipment. This type of outlay is used by management to increase the scope of HEICO operations. These expenditures can include everything from repairing an office equipment, building a brand new facility, or writing new software.

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

For information on how to trade HEICO Stock refer to our How to Trade HEICO Stock guide.At present, HEICO's Selling General Administrative is projected to increase significantly based on the last few years of reporting. The current year's Sales General And Administrative To Revenue is expected to grow to 0.21, whereas Tax Provision is forecasted to decline to about 84.9 M.

	2022	2024	2025 (projected)
Interest Expense	73.0M	171.7M	180.3M
Depreciation And Amortization	128.5M	147.8M	155.2M

Interest Expense Depreciation And Amortization

HEICO fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Intangible Assets	Accounts Payable	Common Stock	Current Deferred Revenue	Common Stock Total Equity
Total Assets		0.13	0.98	0.99	0.98	0.98	0.03	0.98	0.6	1.0	0.94	0.6	1.0	0.48	0.98	1.0	0.79	0.97	0.98	1.0	0.94	1.0	0.98	0.15	0.53	0.81
Short Long Term Debt Total	0.13		0.09	0.15	0.06	0.32	0.98	0.06	0.2	0.13	-0.12	0.2	0.12	0.18	0.2	0.07	-0.16	0.13	0.13	0.1	0.28	0.17	0.18	0.53	0.13	0.1
Other Current Liab	0.98	0.09		0.97	0.98	0.96	-0.01	0.98	0.61	0.98	0.96	0.61	0.98	0.49	0.94	0.98	0.77	0.95	0.95	0.98	0.94	0.97	0.95	0.17	0.45	0.82
Total Current Liabilities	0.99	0.15	0.97		0.97	0.98	0.06	0.96	0.53	0.99	0.92	0.53	1.0	0.49	0.96	0.99	0.79	0.98	0.97	0.98	0.92	0.99	0.99	0.16	0.54	0.85
Total Stockholder Equity	0.98	0.06	0.98	0.97		0.95	-0.04	1.0	0.64	0.98	0.98	0.64	0.98	0.51	0.92	0.98	0.75	0.95	0.94	0.99	0.92	0.98	0.96	0.24	0.57	0.86
Property Plant And Equipment Net	0.98	0.32	0.96	0.98	0.95		0.23	0.95	0.57	0.98	0.87	0.57	0.98	0.5	0.95	0.96	0.73	0.95	0.95	0.96	0.95	0.98	0.98	0.27	0.53	0.83
Net Debt	0.03	0.98	-0.01	0.06	-0.04	0.23		-0.05	0.03	0.04	-0.24	0.03	0.03	0.12	0.1	-0.02	-0.21	0.05	0.04	-0.01	0.17	0.08	0.1	0.47	0.06	0.05
Retained Earnings	0.98	0.06	0.98	0.96	1.0	0.95	-0.05		0.65	0.97	0.98	0.65	0.98	0.48	0.91	0.97	0.72	0.92	0.93	0.98	0.92	0.97	0.94	0.25	0.59	0.85
Cash	0.6	0.2	0.61	0.53	0.64	0.57	0.03	0.65		0.58	0.63	1.0	0.56	0.35	0.57	0.57	0.3	0.51	0.55	0.65	0.66	0.58	0.5	0.42	0.4	0.32
Non Current Assets Total	1.0	0.13	0.98	0.99	0.98	0.98	0.04	0.97	0.58		0.94	0.58	1.0	0.47	0.98	1.0	0.79	0.97	0.98	0.99	0.93	1.0	0.98	0.14	0.53	0.82
Non Currrent Assets Other	0.94	-0.12	0.96	0.92	0.98	0.87	-0.24	0.98	0.63	0.94		0.63	0.94	0.46	0.87	0.95	0.75	0.9	0.9	0.95	0.87	0.93	0.89	0.16	0.57	0.81
Cash And Short Term Investments	0.6	0.2	0.61	0.53	0.64	0.57	0.03	0.65	1.0	0.58	0.63		0.56	0.35	0.57	0.57	0.3	0.51	0.55	0.65	0.66	0.58	0.5	0.42	0.4	0.32
Net Receivables	1.0	0.12	0.98	1.0	0.98	0.98	0.03	0.98	0.56	1.0	0.94	0.56		0.5	0.97	0.99	0.79	0.97	0.98	0.99	0.92	0.99	0.99	0.17	0.54	0.85
Common Stock Shares Outstanding	0.48	0.18	0.49	0.49	0.51	0.5	0.12	0.48	0.35	0.47	0.46	0.35	0.5		0.43	0.46	0.45	0.61	0.43	0.48	0.33	0.47	0.52	0.47	0.22	0.57
Non Current Liabilities Total	0.98	0.2	0.94	0.96	0.92	0.95	0.1	0.91	0.57	0.98	0.87	0.57	0.97	0.43		0.97	0.79	0.95	1.0	0.97	0.91	0.98	0.97	0.05	0.46	0.72
Inventory	1.0	0.07	0.98	0.99	0.98	0.96	-0.02	0.97	0.57	1.0	0.95	0.57	0.99	0.46	0.97		0.81	0.97	0.99	0.99	0.92	0.99	0.98	0.09	0.51	0.81
Other Current Assets	0.79	-0.16	0.77	0.79	0.75	0.73	-0.21	0.72	0.3	0.79	0.75	0.3	0.79	0.45	0.79	0.81		0.85	0.81	0.79	0.68	0.76	0.78	-0.25	0.28	0.54
Other Stockholder Equity	0.97	0.13	0.95	0.98	0.95	0.95	0.05	0.92	0.51	0.97	0.9	0.51	0.97	0.61	0.95	0.97	0.85		0.96	0.96	0.85	0.96	0.98	0.15	0.47	0.82
Total Liab	0.98	0.13	0.95	0.97	0.94	0.95	0.04	0.93	0.55	0.98	0.9	0.55	0.98	0.43	1.0	0.99	0.81	0.96		0.98	0.9	0.98	0.97	0.03	0.46	0.74
Total Current Assets	1.0	0.1	0.98	0.98	0.99	0.96	-0.01	0.98	0.65	0.99	0.95	0.65	0.99	0.48	0.97	0.99	0.79	0.96	0.98		0.93	0.99	0.97	0.15	0.52	0.79
Short Term Debt	0.94	0.28	0.94	0.92	0.92	0.95	0.17	0.92	0.66	0.93	0.87	0.66	0.92	0.33	0.91	0.92	0.68	0.85	0.9	0.93		0.93	0.88	0.19	0.49	0.69
Intangible Assets	1.0	0.17	0.97	0.99	0.98	0.98	0.08	0.97	0.58	1.0	0.93	0.58	0.99	0.47	0.98	0.99	0.76	0.96	0.98	0.99	0.93		0.99	0.17	0.55	0.82
Accounts Payable	0.98	0.18	0.95	0.99	0.96	0.98	0.1	0.94	0.5	0.98	0.89	0.5	0.99	0.52	0.97	0.98	0.78	0.98	0.97	0.97	0.88	0.99		0.17	0.51	0.86
Common Stock	0.15	0.53	0.17	0.16	0.24	0.27	0.47	0.25	0.42	0.14	0.16	0.42	0.17	0.47	0.05	0.09	-0.25	0.15	0.03	0.15	0.19	0.17	0.17		0.39	0.46
Current Deferred Revenue	0.53	0.13	0.45	0.54	0.57	0.53	0.06	0.59	0.4	0.53	0.57	0.4	0.54	0.22	0.46	0.51	0.28	0.47	0.46	0.52	0.49	0.55	0.51	0.39		0.59
Common Stock Total Equity	0.81	0.1	0.82	0.85	0.86	0.83	0.05	0.85	0.32	0.82	0.81	0.32	0.85	0.57	0.72	0.81	0.54	0.82	0.74	0.79	0.69	0.82	0.86	0.46	0.59

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HEICO Account Relationship Matchups

HEICO fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	3.5B	4.1B	7.2B	7.6B	8.7B	9.2B
Short Long Term Debt Total	236.5M	290.3M	2.5B	4.1M	4.7M	4.5M
Other Current Liab	281.4M	216.8M	377.9M	404.4M	465.0M	488.3M
Total Current Liabilities	294.9M	420.9M	665.3M	663.9M	763.4M	801.6M
Total Stockholder Equity	2.3B	2.6B	3.1B	3.6B	4.2B	4.4B
Property Plant And Equipment Net	193.6M	225.9M	443.2M	339.0M	389.9M	409.4M
Net Debt	128.2M	150.8M	2.3B	(158.0M)	(181.7M)	(172.6M)
Retained Earnings	1.9B	2.3B	2.6B	3.1B	3.5B	3.7B
Cash	108.3M	139.5M	171.0M	162.1M	186.4M	195.7M
Non Current Assets Total	2.6B	2.9B	5.3B	5.5B	6.4B	6.7B
Non Currrent Assets Other	334.7M	311.1M	264.9M	476.4M	547.9M	575.3M
Cash And Short Term Investments	108.3M	139.5M	171.0M	162.1M	186.4M	195.7M
Net Receivables	325.0M	388.8M	620.8M	650.7M	748.3M	785.7M
Common Stock Shares Outstanding	137.9M	138.0M	138.9M	140.2M	161.2M	122.5M
Liabilities And Stockholders Equity	3.5B	4.1B	7.2B	7.6B	8.7B	9.2B
Non Current Liabilities Total	906.6M	698.7M	3.0B	2.9B	3.3B	3.5B
Inventory	478.1M	582.5M	1.0B	1.2B	1.3B	1.4B
Other Current Assets	26.0M	41.9M	49.8M	78.5M	90.3M	94.8M
Other Stockholder Equity	320.7M	397.3M	578.8M	600.2M	690.3M	724.8M
Total Liab	1.2B	1.1B	3.6B	3.9B	4.5B	4.7B
Total Current Assets	937.4M	1.2B	1.9B	2.1B	2.4B	2.5B
Short Term Debt	15.4M	16.3M	38.3M	27.5M	31.7M	33.2M
Intangible Assets	582.3M	733.3M	1.4B	1.3B	1.5B	1.6B
Accounts Payable	85.5M	116.6M	205.9M	198.4M	228.2M	239.6M
Accumulated Other Comprehensive Income	(8.6M)	(46.5M)	(40.2M)	(26.1M)	(23.5M)	(22.3M)
Common Stock	1.4M	1.4M	1.4M	550K	632.5K	677.3K
Current Deferred Revenue	25.6M	32.7M	58.8M	34.7M	39.9M	41.9M
Common Stock Total Equity	1.3M	542K	1.4M	1.4M	1.6M	1.6M
Property Plant And Equipment Gross	168.8M	450.6M	503.0M	634.7M	729.9M	766.4M
Good Will	1.5B	1.7B	3.3B	3.4B	3.9B	4.1B
Net Tangible Assets	18.0M	264.2M	528.0M	(1.5B)	(1.3B)	(1.3B)
Non Current Liabilities Other	280.3M	378.3M	338.9M	379.6M	436.6M	225.6M
Property Plant Equipment	226.0M	193.6M	225.9M	443.2M	509.7M	535.2M

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When determining whether HEICO offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of HEICO's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Heico Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Heico Stock:

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Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in HEICO. 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.

For information on how to trade HEICO Stock refer to our How to Trade HEICO Stock guide.

You can also try the Headlines Timeline module to stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity.

Please note, there is a significant difference between HEICO's value and its price as these two are different measures arrived at by different means. Investors typically determine if HEICO is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, HEICO's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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HEICO Free Cash Flow vs Capital Expenditures Analysis

Free Cash Flow vs Capital Expenditures

Free Cash Flow vs Capital Expenditures Correlation Analysis

Correlation Coefficient

Free Cash Flow

Capital Expenditures

HEICO fundamental ratios Correlations

HEICO Account Relationship Matchups

High Positive Relationship

High Negative Relationship

HEICO fundamental ratios Accounts

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MAIN CATEGORIES

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Non Current Assets Total	+ 1.0	Total Assets
Net Receivables	+ 1.0	Total Assets
Inventory	+ 1.0	Total Assets
Total Current Assets	+ 1.0	Total Assets
Intangible Assets	+ 1.0	Total Assets
Net Receivables	+ 1.0	Total Current Liabilities

Common Stock	- 0.25	Other Current Assets
Non Currrent Assets Other	- 0.24	Net Debt
Other Current Assets	- 0.21	Net Debt
Other Current Assets	- 0.16	Short Long Term Debt Total
Non Currrent Assets Other	- 0.12	Short Long Term Debt Total
Retained Earnings	- 0.05	Net Debt