| HERITGFOOD | | | 489.00 0.60 0.12% |
Heritage Foods financial indicator trend analysis is much more than just examining Heritage Foods latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Heritage Foods is a good investment. Please check the relationship between Heritage Foods Accounts Payable and its Net Debt accounts. Check out
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Heritage Foods Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in estimate.
Accounts Payable vs Net Debt
Accounts Payable vs Net Debt Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Heritage Foods Accounts Payable account and
Net Debt. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Heritage Foods' Accounts Payable and Net Debt is -0.02. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Net Debt in the same time period over historical financial statements of Heritage Foods Limited, assuming nothing else is changed. The correlation between historical values of Heritage Foods' Accounts Payable and Net Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Accounts Payable of Heritage Foods Limited are associated (or correlated) with its Net Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Debt has no effect on the direction of Accounts Payable i.e., Heritage Foods' Accounts Payable and Net Debt go up and down completely randomly.
Correlation Coefficient | -0.02 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Accounts Payable
An accounting item on the balance sheet that represents Heritage Foods obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Heritage Foods are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.
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.
Most indicators from Heritage Foods' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Heritage Foods 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 Heritage Foods Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in estimate.
The Heritage Foods' current
Selling General Administrative is estimated to increase to about 3.3
B, while
Discontinued Operations is projected to decrease to (726.9
K).
Heritage Foods fundamental ratios Correlations
Click cells to compare fundamentals
Heritage Foods Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Heritage Foods fundamental ratios Accounts
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
Other Information on Investing in Heritage Stock
Balance Sheet is a snapshot of the
financial position of Heritage Foods at a specified time, usually calculated after every quarter, six months, or one year. Heritage Foods Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Heritage Foods 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 Heritage currently owns. An asset can also be divided into two categories, current and non-current.