Heritage Net Debt vs Cash Analysis

HERITGFOOD

471.20 8.15 1.76%

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 Net Debt and its Cash 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.

Net Debt vs Cash

Net Debt vs Cash Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Heritage Foods Net Debt account and Cash. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between Heritage Foods' Net Debt and Cash is 0.4. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Cash 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' Net Debt and Cash 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 Heritage Foods Limited are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Net Debt i.e., Heritage Foods' Net Debt and Cash go up and down completely randomly.

Correlation Coefficient

0.4

Relationship Direction	Positive
Relationship Strength	Weak

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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.

Cash

Cash refers to the most liquid asset of Heritage Foods, which is listed under current asset account on Heritage Foods Limited balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Heritage Foods customers. The amounts must be unrestricted with restricted cash listed in a different Heritage Foods account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.

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).

	2021	2022	2023	2024 (projected)
Gross Profit	5.7B	6.2B	4.7B	4.1B
Total Revenue	26.8B	32.4B	37.9B	21.6B

Gross Profit Total Revenue

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	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Common Stock	Intangible Assets	Current Deferred Revenue	Retained Earnings	Accounts Payable	Net Receivables	Short Term Investments	Short Term Debt
Total Assets		0.65	-0.42	0.75	0.86	0.71	0.6	0.56	0.98	-0.1	0.33	-0.1	0.79	0.51	-0.38	-0.43	0.88	0.51	0.42	0.79	0.68	0.79	0.29	0.55	0.24	0.45
Short Long Term Debt Total	0.65		-0.7	0.66	0.4	0.21	0.98	0.56	0.7	-0.53	0.2	-0.03	0.78	0.03	-0.65	-0.56	0.83	0.18	0.16	0.66	0.39	0.23	0.12	0.84	0.05	0.81
Other Current Liab	-0.42	-0.7		-0.3	-0.18	-0.1	-0.78	-0.12	-0.45	0.35	0.25	-0.36	-0.49	-0.15	0.38	0.35	-0.48	0.06	0.06	-0.47	-0.46	-0.18	0.05	-0.52	0.33	-0.8
Total Current Liabilities	0.75	0.66	-0.3		0.57	0.6	0.61	0.57	0.69	-0.28	0.27	-0.06	0.51	0.51	-0.55	-0.3	0.75	0.46	0.44	0.46	0.4	0.5	0.38	0.62	0.17	0.56
Total Stockholder Equity	0.86	0.4	-0.18	0.57		0.82	0.33	0.39	0.79	0.0	0.57	-0.47	0.52	0.65	-0.13	-0.4	0.61	0.81	0.72	0.59	0.59	0.91	0.32	0.4	0.55	0.1
Property Plant And Equipment Net	0.71	0.21	-0.1	0.6	0.82		0.17	0.29	0.57	-0.22	0.35	-0.21	0.17	0.83	0.0	-0.43	0.35	0.73	0.64	0.3	0.65	0.93	0.37	0.35	0.37	0.04
Net Debt	0.6	0.98	-0.78	0.61	0.33	0.17		0.4	0.66	-0.55	0.01	0.14	0.73	0.05	-0.61	-0.56	0.78	0.07	0.04	0.65	0.47	0.2	-0.02	0.79	-0.12	0.9
Cash	0.56	0.56	-0.12	0.57	0.39	0.29	0.4		0.55	-0.21	0.62	-0.3	0.58	-0.04	-0.45	-0.25	0.66	0.31	0.31	0.37	-0.04	0.24	0.63	0.57	0.46	0.15
Non Current Assets Total	0.98	0.7	-0.45	0.69	0.79	0.57	0.66	0.55		-0.1	0.24	-0.03	0.89	0.33	-0.45	-0.42	0.93	0.36	0.26	0.88	0.69	0.67	0.14	0.57	0.13	0.51
Non Currrent Assets Other	-0.1	-0.53	0.35	-0.28	0.0	-0.22	-0.55	-0.21	-0.1		0.06	-0.12	-0.07	0.04	0.3	0.52	-0.16	0.02	0.07	-0.15	-0.34	-0.02	0.11	-0.63	0.13	-0.4
Cash And Short Term Investments	0.33	0.2	0.25	0.27	0.57	0.35	0.01	0.62	0.24	0.06		-0.92	0.21	0.19	0.0	-0.16	0.27	0.79	0.79	0.11	-0.25	0.39	0.7	0.23	0.98	-0.3
Common Stock Shares Outstanding	-0.1	-0.03	-0.36	-0.06	-0.47	-0.21	0.14	-0.3	-0.03	-0.12	-0.92		-0.02	-0.14	-0.11	0.05	-0.04	-0.76	-0.77	0.03	0.32	-0.27	-0.49	-0.08	-0.94	0.43
Non Current Liabilities Total	0.79	0.78	-0.49	0.51	0.52	0.17	0.73	0.58	0.89	-0.07	0.21	-0.02		-0.05	-0.52	-0.32	0.95	0.1	0.04	0.89	0.44	0.32	0.08	0.55	0.07	0.57
Inventory	0.51	0.03	-0.15	0.51	0.65	0.83	0.05	-0.04	0.33	0.04	0.19	-0.14	-0.05		0.09	-0.11	0.15	0.72	0.7	0.07	0.45	0.83	0.39	0.09	0.27	0.1
Other Current Assets	-0.38	-0.65	0.38	-0.55	-0.13	0.0	-0.61	-0.45	-0.45	0.3	0.0	-0.11	-0.52	0.09		0.12	-0.6	0.05	0.05	-0.35	-0.17	0.03	-0.01	-0.68	0.15	-0.48
Other Stockholder Equity	-0.43	-0.56	0.35	-0.3	-0.4	-0.43	-0.56	-0.25	-0.42	0.52	-0.16	0.05	-0.32	-0.11	0.12		-0.36	-0.23	-0.13	-0.26	-0.49	-0.4	0.02	-0.71	-0.11	-0.36
Total Liab	0.88	0.83	-0.48	0.75	0.61	0.35	0.78	0.66	0.93	-0.16	0.27	-0.04	0.95	0.15	-0.6	-0.36		0.25	0.19	0.85	0.48	0.43	0.2	0.64	0.12	0.64
Total Current Assets	0.51	0.18	0.06	0.46	0.81	0.73	0.07	0.31	0.36	0.02	0.79	-0.76	0.1	0.72	0.05	-0.23	0.25		0.98	0.13	0.15	0.76	0.61	0.26	0.82	-0.13
Common Stock	0.42	0.16	0.06	0.44	0.72	0.64	0.04	0.31	0.26	0.07	0.79	-0.77	0.04	0.7	0.05	-0.13	0.19	0.98		0.03	0.02	0.67	0.66	0.2	0.83	-0.13
Intangible Assets	0.79	0.66	-0.47	0.46	0.59	0.3	0.65	0.37	0.88	-0.15	0.11	0.03	0.89	0.07	-0.35	-0.26	0.85	0.13	0.03		0.65	0.41	-0.1	0.4	0.0	0.52
Current Deferred Revenue	0.68	0.39	-0.46	0.4	0.59	0.65	0.47	-0.04	0.69	-0.34	-0.25	0.32	0.44	0.45	-0.17	-0.49	0.48	0.15	0.02	0.65		0.65	-0.34	0.39	-0.28	0.42
Retained Earnings	0.79	0.23	-0.18	0.5	0.91	0.93	0.2	0.24	0.67	-0.02	0.39	-0.27	0.32	0.83	0.03	-0.4	0.43	0.76	0.67	0.41	0.65		0.36	0.29	0.42	0.06
Accounts Payable	0.29	0.12	0.05	0.38	0.32	0.37	-0.02	0.63	0.14	0.11	0.7	-0.49	0.08	0.39	-0.01	0.02	0.2	0.61	0.66	-0.1	-0.34	0.36		0.18	0.69	-0.11
Net Receivables	0.55	0.84	-0.52	0.62	0.4	0.35	0.79	0.57	0.57	-0.63	0.23	-0.08	0.55	0.09	-0.68	-0.71	0.64	0.26	0.2	0.4	0.39	0.29	0.18		0.09	0.55
Short Term Investments	0.24	0.05	0.33	0.17	0.55	0.37	-0.12	0.46	0.13	0.13	0.98	-0.94	0.07	0.27	0.15	-0.11	0.12	0.82	0.83	0.0	-0.28	0.42	0.69	0.09		-0.4
Short Term Debt	0.45	0.81	-0.8	0.56	0.1	0.04	0.9	0.15	0.51	-0.4	-0.3	0.43	0.57	0.1	-0.48	-0.36	0.64	-0.13	-0.13	0.52	0.42	0.06	-0.11	0.55	-0.4

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Heritage Foods Account Relationship Matchups

Heritage Foods fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	9.9B	8.8B	9.0B	11.3B	12.8B	8.1B
Short Long Term Debt Total	3.1B	684.2M	192.5M	1.7B	1.3B	1.7B
Total Current Liabilities	3.2B	2.1B	1.8B	3.1B	3.1B	2.3B
Total Stockholder Equity	4.6B	6.0B	6.6B	7.3B	8.1B	8.5B
Property Plant And Equipment Net	5.4B	5.9B	5.8B	6.3B	7.2B	4.1B
Net Debt	2.6B	467.1M	(138.6M)	1.5B	536.6M	902.5M
Cash	558.3M	217.1M	331.1M	163.4M	785.1M	447.4M
Non Current Assets Total	7.2B	6.2B	6.1B	6.7B	7.6B	5.6B
Non Currrent Assets Other	(7.0B)	21.9M	3.8M	49.9M	178.1M	187.0M
Cash And Short Term Investments	565.4M	217.2M	341.8M	247.2M	2.1B	2.2B
Liabilities And Stockholders Equity	9.9B	8.8B	9.0B	11.3B	12.8B	8.1B
Non Current Liabilities Total	2.1B	742.7M	624.5M	845.6M	1.6B	1.9B
Inventory	1.4B	2.0B	2.1B	3.8B	2.6B	1.5B
Other Current Assets	17.2M	230.7M	311.2M	225.5M	247.4M	179.6M
Other Stockholder Equity	(4.2B)	378.4M	1.2B	368.6M	331.8M	315.2M
Total Liab	5.3B	2.8B	2.5B	4.0B	4.7B	4.2B
Total Current Assets	2.7B	2.6B	2.9B	4.5B	5.2B	5.5B
Accumulated Other Comprehensive Income	(1.0B)	867.1M	867.2M	867.3M	867.5M	910.8M
Intangible Assets	76.9M	64.7M	50.8M	40.9M	34.4M	59.4M
Current Deferred Revenue	1.2B	1.4B	1.2B	1.1B	113.3M	107.6M
Retained Earnings	3.1B	4.5B	5.1B	6.4B	6.4B	3.6B
Accounts Payable	599.5M	354.6M	518.7M	770.5M	1.4B	775.9M
Net Receivables	657.6M	152.2M	188.9M	280.1M	287.1M	344.0M
Short Term Investments	7.1M	70K	10.7M	83.8M	1.3B	1.4B
Short Term Debt	1.4B	321.4M	65.9M	1.3B	226.3M	215.0M
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	1.7B	340.4M	79.5M	45.0M	751.5M	605.3M
Short Long Term Debt	1.3B	19.4M	37.6M	1.3B	176.8M	167.9M
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
Non Current Liabilities Other	876K	765K	629K	(100K)	(90K)	(85.5K)
Capital Lease Obligations	65.5M	44.9M	75.4M	336.1M	393.4M	413.1M
Net Invested Capital	7.7B	6.0B	6.7B	8.6B	9.0B	6.8B
Net Working Capital	(510.1M)	515.3M	1.1B	1.4B	2.2B	2.3B

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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 Net Debt vs Cash Analysis

Net Debt vs Cash

Net Debt vs Cash Correlation Analysis

Correlation Coefficient

Net Debt

Cash

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

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Non Current Assets Total	+ 0.98	Total Assets
Net Debt	+ 0.98	Short Long Term Debt Total
Short Term Investments	+ 0.98	Cash And Short Term Investments
Common Stock	+ 0.98	Total Current Assets
Total Liab	+ 0.95	Non Current Liabilities Total
Retained Earnings	+ 0.93	Property Plant And Equipment Net

Short Term Investments	- 0.94	Common Stock Shares Outstanding
Common Stock Shares Outstanding	- 0.92	Cash And Short Term Investments
Short Term Debt	- 0.8	Other Current Liab
Net Debt	- 0.78	Other Current Liab
Common Stock	- 0.77	Common Stock Shares Outstanding
Total Current Assets	- 0.76	Common Stock Shares Outstanding