Heritage Gross Profit vs Net Income From Continuing Ops Analysis

HERITGFOOD

422.55 9.90 2.40%

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 Gross Profit and its Net Income From Continuing Ops 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.

Gross Profit vs Net Income From Continuing Ops

Gross Profit vs Net Income From Continuing Ops Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Heritage Foods Gross Profit account and Net Income From Continuing Ops. At this time, the significance of the direction appears to have very week relationship.

The correlation between Heritage Foods' Gross Profit and Net Income From Continuing Ops is 0.22. Overlapping area represents the amount of variation of Gross Profit that can explain the historical movement of Net Income From Continuing Ops 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' Gross Profit and Net Income From Continuing Ops is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Gross Profit of Heritage Foods Limited are associated (or correlated) with its Net Income From Continuing Ops. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income From Continuing Ops has no effect on the direction of Gross Profit i.e., Heritage Foods' Gross Profit and Net Income From Continuing Ops go up and down completely randomly.

Correlation Coefficient

0.22

Relationship Direction	Positive
Relationship Strength	Very Weak

View All Relationships

Gross Profit

Gross profit is a required income statement account that reflects total revenue of Heritage Foods Limited minus its cost of goods sold. It is profit before Heritage Foods operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.

Net Income From Continuing Ops

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 3.8 B, while Discontinued Operations is projected to decrease to (726.9 K).

	2022	2023	2024	2025 (projected)
Interest Expense	39.0M	94.6M	85.1M	109.7M
Depreciation And Amortization	560.4M	608.2M	699.4M	356.2M

Interest Expense Depreciation And Amortization

Heritage Foods 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	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	Common Stock	Accounts Payable	Intangible Assets	Current Deferred Revenue	Retained Earnings	Short Term Investments	Short Term Debt
Total Assets		0.61	0.38	0.78	0.84	0.64	0.49	0.52	0.96	-0.06	0.42	0.11	-0.11	0.76	0.52	0.51	-0.53	0.87	0.55	0.5	0.29	0.71	0.56	0.72	0.36	0.14
Short Long Term Debt Total	0.61		0.04	0.62	0.37	0.19	0.96	0.43	0.69	-0.52	0.17	0.21	-0.05	0.78	0.06	0.21	-0.46	0.83	0.16	0.16	0.09	0.66	0.38	0.21	0.05	0.67
Other Current Liab	0.38	0.04		0.32	0.34	0.36	-0.13	0.51	0.37	-0.12	0.42	-0.22	-0.2	0.28	0.01	0.28	-0.06	0.33	0.23	0.11	0.24	0.22	0.08	0.28	0.36	-0.42
Total Current Liabilities	0.78	0.62	0.32		0.59	0.55	0.49	0.51	0.7	-0.23	0.38	0.21	-0.09	0.49	0.5	0.4	-0.32	0.75	0.51	0.53	0.33	0.41	0.3	0.5	0.31	0.25
Total Stockholder Equity	0.84	0.37	0.34	0.59		0.92	0.22	0.64	0.75	0.03	0.68	0.0	-0.52	0.49	0.8	0.59	-0.53	0.6	0.85	0.8	0.58	0.5	0.43	0.97	0.67	-0.23
Property Plant And Equipment Net	0.64	0.19	0.36	0.55	0.92		0.03	0.63	0.49	-0.09	0.75	-0.02	-0.62	0.16	0.88	0.59	-0.4	0.33	0.94	0.89	0.67	0.22	0.29	0.96	0.77	-0.42
Net Debt	0.49	0.96	-0.13	0.49	0.22	0.03		0.16	0.61	-0.55	-0.09	0.16	0.13	0.71	-0.04	0.14	-0.44	0.73	-0.04	-0.02	-0.15	0.65	0.48	0.07	-0.19	0.82
Cash	0.52	0.43	0.51	0.51	0.64	0.63	0.16		0.45	-0.06	0.91	0.14	-0.69	0.44	0.38	0.29	-0.28	0.53	0.71	0.66	0.84	0.24	-0.23	0.57	0.83	-0.29
Non Current Assets Total	0.96	0.69	0.37	0.7	0.75	0.49	0.61	0.45		-0.09	0.28	0.07	-0.04	0.88	0.33	0.44	-0.54	0.94	0.37	0.31	0.13	0.84	0.63	0.59	0.2	0.27
Non Currrent Assets Other	-0.06	-0.52	-0.12	-0.23	0.03	-0.09	-0.55	-0.06	-0.09		0.09	0.08	-0.11	-0.07	0.1	-0.28	0.12	-0.14	0.06	0.09	0.17	-0.16	-0.35	0.05	0.15	-0.36
Cash And Short Term Investments	0.42	0.17	0.42	0.38	0.68	0.75	-0.09	0.91	0.28	0.09		0.07	-0.79	0.19	0.59	0.29	-0.29	0.29	0.87	0.82	0.96	0.05	-0.31	0.7	0.99	-0.5
Net Receivables	0.11	0.21	-0.22	0.21	0.0	-0.02	0.16	0.14	0.07	0.08	0.07		0.08	0.08	0.0	-0.23	0.37	0.14	0.06	0.09	0.16	-0.18	-0.15	0.01	0.04	0.12
Common Stock Shares Outstanding	-0.11	-0.05	-0.2	-0.09	-0.52	-0.62	0.13	-0.69	-0.04	-0.11	-0.79	0.08		-0.04	-0.52	-0.1	0.14	-0.07	-0.72	-0.69	-0.8	0.0	0.28	-0.57	-0.79	0.46
Non Current Liabilities Total	0.76	0.78	0.28	0.49	0.49	0.16	0.71	0.44	0.88	-0.07	0.19	0.08	-0.04		-0.01	0.12	-0.44	0.94	0.11	0.06	0.08	0.89	0.42	0.29	0.08	0.45
Inventory	0.52	0.06	0.01	0.5	0.8	0.88	-0.04	0.38	0.33	0.1	0.59	0.0	-0.52	-0.01		0.43	-0.3	0.18	0.91	0.92	0.62	0.05	0.21	0.89	0.64	-0.31
Other Current Assets	0.51	0.21	0.28	0.4	0.59	0.59	0.14	0.29	0.44	-0.28	0.29	-0.23	-0.1	0.12	0.43		-0.67	0.24	0.43	0.4	0.11	0.19	0.44	0.56	0.28	-0.12
Other Stockholder Equity	-0.53	-0.46	-0.06	-0.32	-0.53	-0.4	-0.44	-0.28	-0.54	0.12	-0.29	0.37	0.14	-0.44	-0.3	-0.67		-0.45	-0.33	-0.32	-0.13	-0.51	-0.36	-0.44	-0.28	-0.27
Total Liab	0.87	0.83	0.33	0.75	0.6	0.33	0.73	0.53	0.94	-0.14	0.29	0.14	-0.07	0.94	0.18	0.24	-0.45		0.28	0.25	0.18	0.83	0.43	0.41	0.18	0.44
Total Current Assets	0.55	0.16	0.23	0.51	0.85	0.94	-0.04	0.71	0.37	0.06	0.87	0.06	-0.72	0.11	0.91	0.43	-0.33	0.28		0.98	0.86	0.07	0.0	0.91	0.89	-0.43
Common Stock	0.5	0.16	0.11	0.53	0.8	0.89	-0.02	0.66	0.31	0.09	0.82	0.09	-0.69	0.06	0.92	0.4	-0.32	0.25	0.98		0.84	0.01	-0.05	0.86	0.85	-0.37
Accounts Payable	0.29	0.09	0.24	0.33	0.58	0.67	-0.15	0.84	0.13	0.17	0.96	0.16	-0.8	0.08	0.62	0.11	-0.13	0.18	0.86	0.84		-0.1	-0.45	0.63	0.96	-0.47
Intangible Assets	0.71	0.66	0.22	0.41	0.5	0.22	0.65	0.24	0.84	-0.16	0.05	-0.18	0.0	0.89	0.05	0.19	-0.51	0.83	0.07	0.01	-0.1		0.66	0.32	-0.04	0.42
Current Deferred Revenue	0.56	0.38	0.08	0.3	0.43	0.29	0.48	-0.23	0.63	-0.35	-0.31	-0.15	0.28	0.42	0.21	0.44	-0.36	0.43	0.0	-0.05	-0.45	0.66		0.35	-0.34	0.32
Retained Earnings	0.72	0.21	0.28	0.5	0.97	0.96	0.07	0.57	0.59	0.05	0.7	0.01	-0.57	0.29	0.89	0.56	-0.44	0.41	0.91	0.86	0.63	0.32	0.35		0.72	-0.35
Short Term Investments	0.36	0.05	0.36	0.31	0.67	0.77	-0.19	0.83	0.2	0.15	0.99	0.04	-0.79	0.08	0.64	0.28	-0.28	0.18	0.89	0.85	0.96	-0.04	-0.34	0.72		-0.55
Short Term Debt	0.14	0.67	-0.42	0.25	-0.23	-0.42	0.82	-0.29	0.27	-0.36	-0.5	0.12	0.46	0.45	-0.31	-0.12	-0.27	0.44	-0.43	-0.37	-0.47	0.42	0.32	-0.35	-0.55

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Heritage Foods Account Relationship Matchups

Heritage Foods fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	8.8B	9.0B	11.3B	12.8B	14.7B	8.1B
Short Long Term Debt Total	684.2M	192.5M	1.7B	1.3B	1.5B	1.7B
Other Current Liab	1.4B	1.2B	(99.6M)	1.4B	1.6B	1.1B
Total Current Liabilities	2.1B	1.8B	3.1B	3.1B	3.5B	2.3B
Total Stockholder Equity	6.0B	6.6B	7.3B	8.1B	9.3B	9.8B
Property Plant And Equipment Net	5.9B	5.8B	6.3B	7.2B	8.2B	8.7B
Net Debt	467.1M	(138.6M)	1.5B	536.6M	482.9M	902.5M
Cash	217.1M	331.1M	163.4M	785.1M	902.8M	948.0M
Non Current Assets Total	6.2B	6.1B	6.7B	7.6B	8.7B	5.6B
Non Currrent Assets Other	21.9M	3.8M	49.9M	178.1M	160.2M	168.3M
Cash And Short Term Investments	217.2M	341.8M	247.2M	2.1B	2.4B	2.5B
Net Receivables	152.2M	188.9M	280.1M	287.1M	258.4M	206.7M
Liabilities And Stockholders Equity	8.8B	9.0B	11.3B	12.8B	14.7B	8.1B
Non Current Liabilities Total	742.7M	624.5M	845.6M	1.7B	1.9B	1.9B
Inventory	2.0B	2.1B	3.8B	2.6B	3.0B	3.2B
Other Current Assets	230.7M	311.2M	225.5M	247.4M	284.5M	200.9M
Total Liab	2.8B	2.5B	4.0B	4.7B	5.4B	4.2B
Total Current Assets	2.6B	2.9B	4.5B	5.2B	6.0B	6.3B
Accumulated Other Comprehensive Income	867.1M	867.2M	867.3M	867.5M	997.6M	1.0B
Accounts Payable	354.6M	518.7M	770.5M	1.4B	1.7B	1.8B
Intangible Assets	64.7M	50.8M	40.9M	34.4M	39.6M	59.4M
Current Deferred Revenue	1.4B	1.2B	1.1B	113.3M	130.3M	123.7M
Retained Earnings	4.5B	5.1B	6.4B	6.4B	7.3B	7.7B
Short Term Investments	70K	10.7M	83.8M	1.3B	1.5B	1.6B
Short Term Debt	321.4M	65.9M	1.3B	226.3M	203.7M	193.5M
Other Liab	309.5M	380.0M	497.8M	513.6M	590.6M	561.1M
Net Tangible Assets	4.5B	5.9B	6.5B	7.2B	8.3B	5.7B
Other Assets	146.7M	122.4M	112.1M	6.3M	5.7M	5.4M
Long Term Debt	340.4M	79.5M	45.0M	751.5M	676.3M	605.3M
Short Long Term Debt	19.4M	37.6M	1.3B	176.8M	159.1M	151.1M
Property Plant Equipment	5.4B	5.9B	5.8B	6.3B	7.3B	4.9B
Long Term Debt Total	1.8B	362.8M	126.7M	332M	298.8M	283.9M
Capital Lease Obligations	44.9M	75.4M	336.1M	393.4M	452.5M	475.1M
Net Invested Capital	6.0B	6.7B	8.6B	9.0B	8.1B	6.8B
Net Working Capital	515.3M	1.1B	1.4B	2.2B	2.5B	2.6B

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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.

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Heritage Gross Profit vs Net Income From Continuing Ops Analysis

Gross Profit vs Net Income From Continuing Ops

Gross Profit vs Net Income From Continuing Ops Correlation Analysis

Correlation Coefficient

Gross Profit

Net Income From Continuing Ops

Heritage Foods fundamental ratios Correlations

Heritage Foods Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Heritage Foods fundamental ratios Accounts

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Other Information on Investing in Heritage Stock

COMMON DESTINATIONS

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COMPANY

Short Term Investments	+ 0.99	Cash And Short Term Investments
Common Stock	+ 0.98	Total Current Assets
Retained Earnings	+ 0.97	Total Stockholder Equity
Non Current Assets Total	+ 0.96	Total Assets
Net Debt	+ 0.96	Short Long Term Debt Total
Retained Earnings	+ 0.96	Property Plant And Equipment Net

Accounts Payable	- 0.8	Common Stock Shares Outstanding
Short Term Investments	- 0.79	Common Stock Shares Outstanding
Common Stock Shares Outstanding	- 0.79	Cash And Short Term Investments
Total Current Assets	- 0.72	Common Stock Shares Outstanding
Common Stock	- 0.69	Common Stock Shares Outstanding
Common Stock Shares Outstanding	- 0.69	Cash