Hess Accounts Payable vs Long Term Debt Analysis

HES Stock

USD 147.98 0.51 0.35%

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

Accounts Payable vs Long Term Debt

Accounts Payable vs Long Term Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Hess Accounts Payable account and Long Term Debt. At this time, the significance of the direction appears to have weak contrarian relationship.

The correlation between Hess' Accounts Payable and Long Term Debt is -0.15. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Long Term Debt in the same time period over historical financial statements of Hess Corporation, assuming nothing else is changed. The correlation between historical values of Hess' Accounts Payable and Long Term 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 Hess Corporation are associated (or correlated) with its Long Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Long Term Debt has no effect on the direction of Accounts Payable i.e., Hess' Accounts Payable and Long Term Debt go up and down completely randomly.

Correlation Coefficient

-0.15

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Accounts Payable

An accounting item on the balance sheet that represents Hess 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 Hess 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.

Long Term Debt

Long-term debt is a debt that Hess has held for over one year. Long-term debt appears on Hess Corporation balance sheet and also includes long-term leases. The most common forms of long term debt are bonds payable, long-term notes payable, mortgage payable, pension liabilities, and lease liabilities. In the corporate world, long-term debt is generally used to fund big-ticket items, such as machinery, buildings, and land. The total of long-term debt reported on Hess Corporation balance sheet is the sum of the balances of all categories of long-term debt. Debt that is not due within the current year and is often considered to be financing activities that are to be repaid over several years.

Most indicators from Hess' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Hess 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 Hess Corporation. 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, Hess' Tax Provision is comparatively stable compared to the past year. Sales General And Administrative To Revenue is likely to gain to 0.06 in 2024, despite the fact that Discontinued Operations is likely to grow to (41 M).

	2021	2022	2023	2024 (projected)
Total Operating Expenses	2.5B	3.9B	2.5B	2.4B
Cost Of Revenue	2.9B	3.4B	2.7B	2.6B

Total Operating Expenses Cost Of Revenue

Hess 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	Accounts Payable	Common Stock	Current Deferred Revenue	Common Stock Total Equity	Property Plant And Equipment Gross
Total Assets		0.13	0.85	0.81	0.97	0.97	0.15	0.91	-0.03	0.99	0.26	-0.03	0.78	0.73	0.8	0.33	0.85	-0.32	0.91	0.87	-0.12	0.71	0.32	-0.76	0.62	0.4
Short Long Term Debt Total	0.13		-0.14	-0.06	-0.07	0.21	0.82	-0.24	0.33	0.17	0.15	0.33	-0.06	0.36	0.67	-0.54	-0.13	0.34	0.38	-0.06	0.25	-0.14	-0.12	0.08	0.78	0.4
Other Current Liab	0.85	-0.14		0.97	0.8	0.73	0.12	0.81	-0.42	0.8	-0.08	-0.42	0.96	0.71	0.56	0.72	0.98	-0.65	0.84	0.9	-0.09	0.95	0.59	-0.96	0.35	0.21
Total Current Liabilities	0.81	-0.06	0.97		0.74	0.68	0.21	0.72	-0.44	0.77	-0.12	-0.44	0.98	0.77	0.57	0.67	0.93	-0.58	0.86	0.89	0.12	0.93	0.54	-0.95	0.39	0.36
Total Stockholder Equity	0.97	-0.07	0.8	0.74		0.95	-0.08	0.97	0.01	0.96	0.32	0.01	0.7	0.59	0.65	0.35	0.81	-0.29	0.78	0.85	-0.21	0.64	0.24	-0.68	0.45	0.3
Property Plant And Equipment Net	0.97	0.21	0.73	0.68	0.95		0.17	0.88	0.07	0.99	0.35	0.07	0.64	0.64	0.83	0.18	0.75	-0.19	0.86	0.76	-0.19	0.57	0.21	-0.63	0.66	0.38
Net Debt	0.15	0.82	0.12	0.21	-0.08	0.17		-0.19	-0.27	0.19	-0.05	-0.27	0.23	0.39	0.63	-0.12	0.08	0.05	0.5	-0.03	0.31	0.15	0.1	-0.19	0.6	0.43
Retained Earnings	0.91	-0.24	0.81	0.72	0.97	0.88	-0.19		-0.09	0.9	0.31	-0.09	0.68	0.45	0.52	0.49	0.83	-0.38	0.69	0.81	-0.32	0.66	0.27	-0.68	0.28	0.15
Cash	-0.03	0.33	-0.42	-0.44	0.01	0.07	-0.27	-0.09		-0.03	0.33	1.0	-0.47	-0.04	0.08	-0.71	-0.34	0.49	-0.17	-0.04	-0.08	-0.49	-0.37	0.45	0.32	-0.03
Non Current Assets Total	0.99	0.17	0.8	0.77	0.96	0.99	0.19	0.9	-0.03		0.32	-0.03	0.73	0.68	0.83	0.28	0.81	-0.28	0.9	0.81	-0.15	0.65	0.28	-0.71	0.63	0.41
Non Currrent Assets Other	0.26	0.15	-0.08	-0.12	0.32	0.35	-0.05	0.31	0.33	0.32		0.33	-0.2	-0.21	0.28	-0.36	-0.08	0.19	0.11	-0.03	-0.22	-0.31	-0.2	0.25	0.11	0.27
Cash And Short Term Investments	-0.03	0.33	-0.42	-0.44	0.01	0.07	-0.27	-0.09	1.0	-0.03	0.33		-0.47	-0.04	0.08	-0.71	-0.34	0.49	-0.17	-0.04	-0.08	-0.49	-0.37	0.45	0.32	-0.03
Net Receivables	0.78	-0.06	0.96	0.98	0.7	0.64	0.23	0.68	-0.47	0.73	-0.2	-0.47		0.79	0.56	0.67	0.92	-0.65	0.85	0.87	0.07	0.96	0.65	-0.97	0.4	0.33
Common Stock Shares Outstanding	0.73	0.36	0.71	0.77	0.59	0.64	0.39	0.45	-0.04	0.68	-0.21	-0.04	0.79		0.73	0.16	0.67	-0.25	0.85	0.81	0.26	0.67	0.39	-0.73	0.75	0.52
Non Current Liabilities Total	0.8	0.67	0.56	0.57	0.65	0.83	0.63	0.52	0.08	0.83	0.28	0.08	0.56	0.73		-0.03	0.56	-0.11	0.91	0.58	-0.01	0.46	0.25	-0.54	0.89	0.52
Inventory	0.33	-0.54	0.72	0.67	0.35	0.18	-0.12	0.49	-0.71	0.28	-0.36	-0.71	0.67	0.16	-0.03		0.69	-0.73	0.32	0.48	-0.15	0.79	0.52	-0.73	-0.27	-0.23
Other Current Assets	0.85	-0.13	0.98	0.93	0.81	0.75	0.08	0.83	-0.34	0.81	-0.08	-0.34	0.92	0.67	0.56	0.69		-0.64	0.82	0.9	-0.21	0.94	0.57	-0.94	0.38	0.08
Other Stockholder Equity	-0.32	0.34	-0.65	-0.58	-0.29	-0.19	0.05	-0.38	0.49	-0.28	0.19	0.49	-0.65	-0.25	-0.11	-0.73	-0.64		-0.36	-0.46	0.37	-0.77	-0.95	0.73	0.0	0.16
Total Liab	0.91	0.38	0.84	0.86	0.78	0.86	0.5	0.69	-0.17	0.9	0.11	-0.17	0.85	0.85	0.91	0.32	0.82	-0.36		0.81	0.06	0.76	0.43	-0.82	0.75	0.51
Total Current Assets	0.87	-0.06	0.9	0.89	0.85	0.76	-0.03	0.81	-0.04	0.81	-0.03	-0.04	0.87	0.81	0.58	0.48	0.9	-0.46	0.81		-0.01	0.82	0.44	-0.85	0.48	0.27
Short Term Debt	-0.12	0.25	-0.09	0.12	-0.21	-0.19	0.31	-0.32	-0.08	-0.15	-0.22	-0.08	0.07	0.26	-0.01	-0.15	-0.21	0.37	0.06	-0.01		-0.09	-0.27	0.04	0.1	0.63
Accounts Payable	0.71	-0.14	0.95	0.93	0.64	0.57	0.15	0.66	-0.49	0.65	-0.31	-0.49	0.96	0.67	0.46	0.79	0.94	-0.77	0.76	0.82	-0.09		0.73	-0.98	0.32	0.1
Common Stock	0.32	-0.12	0.59	0.54	0.24	0.21	0.1	0.27	-0.37	0.28	-0.2	-0.37	0.65	0.39	0.25	0.52	0.57	-0.95	0.43	0.44	-0.27	0.73		-0.71	0.21	0.0
Current Deferred Revenue	-0.76	0.08	-0.96	-0.95	-0.68	-0.63	-0.19	-0.68	0.45	-0.71	0.25	0.45	-0.97	-0.73	-0.54	-0.73	-0.94	0.73	-0.82	-0.85	0.04	-0.98	-0.71		-0.4	-0.18
Common Stock Total Equity	0.62	0.78	0.35	0.39	0.45	0.66	0.6	0.28	0.32	0.63	0.11	0.32	0.4	0.75	0.89	-0.27	0.38	0.0	0.75	0.48	0.1	0.32	0.21	-0.4		0.47
Property Plant And Equipment Gross	0.4	0.4	0.21	0.36	0.3	0.38	0.43	0.15	-0.03	0.41	0.27	-0.03	0.33	0.52	0.52	-0.23	0.08	0.16	0.51	0.27	0.63	0.1	0.0	-0.18	0.47

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Hess Account Relationship Matchups

Hess fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	21.8B	18.8B	20.5B	21.7B	24.0B	20.3B
Short Long Term Debt Total	7.9B	9.1B	9.1B	9.2B	9.6B	5.1B
Other Current Liab	2.3B	1.2B	1.6B	1.6B	1.7B	2.2B
Total Current Liabilities	2.5B	1.6B	3.1B	2.3B	3.3B	3.8B
Total Stockholder Equity	8.7B	5.4B	6.3B	8.0B	9.0B	8.8B
Property Plant And Equipment Net	17.6B	14.7B	14.7B	15.8B	18.3B	13.4B
Net Debt	6.4B	7.3B	6.4B	6.7B	7.9B	4.1B
Retained Earnings	3.5B	130M	379M	1.5B	2.3B	2.2B
Cash	1.5B	1.7B	2.7B	2.5B	1.7B	1.1B
Non Current Assets Total	18.6B	15.7B	16.2B	17.8B	20.6B	15.8B
Non Currrent Assets Other	1.1B	1.0B	1.5B	1.5B	1.6B	829.9M
Cash And Short Term Investments	1.5B	1.7B	2.7B	2.5B	1.7B	1.1B
Net Receivables	1.2B	860M	1.2B	1.2B	1.3B	2.1B
Common Stock Shares Outstanding	301.2M	304.8M	309.3M	309.6M	307.6M	318.7M
Liabilities And Stockholders Equity	21.8B	18.8B	20.5B	21.7B	24.0B	20.3B
Non Current Liabilities Total	9.6B	10.9B	10.4B	10.8B	11.1B	7.5B
Inventory	261M	378M	223M	217M	304M	288.8M
Other Current Assets	1.6B	104M	199M	66M	108M	102.6M
Other Stockholder Equity	5.6B	5.7B	6.0B	6.2B	6.5B	6.8B
Total Liab	12.1B	12.5B	13.5B	13.1B	14.4B	11.3B
Total Current Assets	3.2B	3.1B	4.3B	3.9B	3.4B	4.5B
Short Term Debt	199M	172M	695M	445M	1.1B	1.1B
Accounts Payable	411M	200M	220M	285M	402M	381.9M
Accumulated Other Comprehensive Income	(699M)	(755M)	(406M)	(131M)	(134M)	(140.7M)
Common Stock	291M	305M	307M	310M	306M	291.7M
Current Deferred Revenue	(411M)	(200M)	(220M)	133M	(402M)	(422.1M)
Common Stock Total Equity	305M	307M	310M	306M	351.9M	241.0M
Property Plant And Equipment Gross	17.6B	14.7B	31.2B	32.6B	37.6B	39.5B
Other Liab	1.8B	1.9B	1.9B	1.9B	2.2B	2.4B
Other Assets	705M	1.3B	1.5B	2.0B	2.3B	1.8B
Long Term Debt	7.1B	8.3B	7.9B	8.3B	8.3B	6.2B
Property Plant Equipment	16.8B	14.1B	14.7B	15.8B	18.2B	18.2B
Noncontrolling Interest In Consolidated Entity	974M	969M	726M	641M	737.2M	656.5M
Retained Earnings Total Equity	3.5B	130M	379M	1.5B	1.3B	1.3B
Deferred Long Term Liab	415M	342M	383M	418M	376.2M	357.4M

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