HFCL Short Term Investments vs Common Stock Analysis

HFCL Stock   133.19  0.35  0.26%   
HFCL financial indicator trend analysis is much more than just examining HFCL Limited latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether HFCL Limited is a good investment. Please check the relationship between HFCL Short Term Investments and its Common Stock accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in HFCL 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 board of governors.

Short Term Investments vs Common Stock

Short Term Investments vs Common Stock Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of HFCL Limited Short Term Investments account and Common Stock. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between HFCL's Short Term Investments and Common Stock is 0.54. Overlapping area represents the amount of variation of Short Term Investments that can explain the historical movement of Common Stock in the same time period over historical financial statements of HFCL Limited, assuming nothing else is changed. The correlation between historical values of HFCL's Short Term Investments and Common Stock is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Short Term Investments of HFCL Limited are associated (or correlated) with its Common Stock. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock has no effect on the direction of Short Term Investments i.e., HFCL's Short Term Investments and Common Stock go up and down completely randomly.

Correlation Coefficient

0.54
Relationship DirectionPositive 
Relationship StrengthWeak

Short Term Investments

Short Term Investments is an item under the current assets section of HFCL balance sheet. It contains any investments HFCL Limited undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that HFCL Limited can easily liquidate in the marketplace.

Common Stock

Most indicators from HFCL's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into HFCL Limited 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 HFCL 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 board of governors.
Issuance Of Capital Stock is likely to gain to about 4.5 B in 2024, whereas Selling General Administrative is likely to drop slightly above 457.2 M in 2024.
 2021 2022 2023 2024 (projected)
Interest Expense745.3M1.5B1.5B2.1B
Depreciation And Amortization783.6M829.7M817.9M564.5M

HFCL fundamental ratios Correlations

0.570.880.850.840.720.620.71-0.460.680.830.520.860.770.38-0.080.840.270.480.860.880.620.07-0.6-0.620.81
0.570.470.220.410.940.990.26-0.180.820.320.580.240.350.560.690.36-0.020.430.640.350.540.83-0.7-0.030.19
0.880.470.80.730.580.510.58-0.290.60.70.490.690.740.32-0.070.770.250.410.810.80.580.02-0.4-0.490.7
0.850.220.80.620.380.310.9-0.580.280.730.060.90.560.09-0.410.650.330.090.850.830.26-0.32-0.4-0.540.75
0.840.410.730.620.530.440.49-0.380.560.770.720.690.930.25-0.10.980.290.780.540.930.860.03-0.48-0.680.94
0.720.940.580.380.530.950.35-0.240.870.510.630.40.490.660.510.490.050.480.720.460.560.71-0.67-0.160.33
0.620.990.510.310.440.950.33-0.330.820.370.540.310.40.550.650.390.040.430.710.40.540.78-0.72-0.020.24
0.710.260.580.90.490.350.33-0.60.120.62-0.10.850.310.07-0.350.50.35-0.050.770.750.08-0.22-0.54-0.540.65
-0.46-0.18-0.29-0.58-0.38-0.24-0.33-0.6-0.11-0.40.07-0.59-0.35-0.040.14-0.33-0.34-0.11-0.52-0.54-0.220.110.510.17-0.45
0.680.820.60.280.560.870.820.12-0.110.560.750.270.630.540.590.51-0.040.60.640.410.70.62-0.38-0.060.3
0.830.320.70.730.770.510.370.62-0.40.560.530.760.70.45-0.20.770.110.510.660.780.48-0.07-0.32-0.590.74
0.520.580.490.060.720.630.54-0.10.070.750.530.170.710.590.390.71-0.050.890.230.460.840.5-0.31-0.360.47
0.860.240.690.90.690.40.310.85-0.590.270.760.170.530.16-0.440.710.210.250.730.840.32-0.28-0.55-0.740.8
0.770.350.740.560.930.490.40.31-0.350.630.70.710.530.19-0.040.910.270.770.510.830.90.01-0.27-0.460.83
0.380.560.320.090.250.660.550.07-0.040.540.450.590.160.190.360.29-0.110.310.330.160.190.54-0.45-0.250.09
-0.080.69-0.07-0.41-0.10.510.65-0.350.140.59-0.20.39-0.44-0.040.36-0.17-0.220.180.11-0.260.270.89-0.230.49-0.38
0.840.360.770.650.980.490.390.5-0.330.510.770.710.710.910.29-0.170.260.730.540.940.81-0.03-0.46-0.740.95
0.27-0.020.250.330.290.050.040.35-0.34-0.040.11-0.050.210.27-0.11-0.220.260.010.210.370.16-0.14-0.31-0.290.39
0.480.430.410.090.780.480.43-0.05-0.110.60.510.890.250.770.310.180.730.010.120.530.90.34-0.27-0.330.57
0.860.640.810.850.540.720.710.77-0.520.640.660.230.730.510.330.110.540.210.120.690.350.17-0.57-0.290.53
0.880.350.80.830.930.460.40.75-0.540.410.780.460.840.830.16-0.260.940.370.530.690.67-0.13-0.54-0.720.97
0.620.540.580.260.860.560.540.08-0.220.70.480.840.320.90.190.270.810.160.90.350.670.33-0.36-0.320.67
0.070.830.02-0.320.030.710.78-0.220.110.62-0.070.5-0.280.010.540.89-0.03-0.140.340.17-0.130.33-0.440.32-0.25
-0.6-0.7-0.4-0.4-0.48-0.67-0.72-0.540.51-0.38-0.32-0.31-0.55-0.27-0.45-0.23-0.46-0.31-0.27-0.57-0.54-0.36-0.440.46-0.44
-0.62-0.03-0.49-0.54-0.68-0.16-0.02-0.540.17-0.06-0.59-0.36-0.74-0.46-0.250.49-0.74-0.29-0.33-0.29-0.72-0.320.320.46-0.8
0.810.190.70.750.940.330.240.65-0.450.30.740.470.80.830.09-0.380.950.390.570.530.970.67-0.25-0.44-0.8
Click cells to compare fundamentals

HFCL Account Relationship Matchups

HFCL fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets38.3B52.2B51.7B54.7B64.9B37.3B
Short Long Term Debt Total7.3B9.4B7.6B7.7B9.9B7.6B
Other Current Liab342.6M5.8B2.2B5.5B4.7B2.5B
Total Current Liabilities19.1B29.9B21.8B21.4B21.8B13.9B
Total Stockholder Equity16.7B19.2B28.0B31.1B39.6B41.5B
Property Plant And Equipment Net4.8B4.9B5.5B5.7B6.6B3.4B
Net Debt7.2B9.2B7.4B7.0B9.7B7.0B
Accounts Payable11.3B16.4B12.9B7.5B8.1B7.1B
Cash139.7M185M124.8M636.7M233.3M221.6M
Non Current Assets Total7.7B10.7B13.5B13.9B19.5B11.4B
Non Currrent Assets Other1.6B4.7B11.3B5.7B6.4B4.4B
Cash And Short Term Investments164.8M242.9M2.5B3.3B3.4B3.6B
Net Receivables18.1B26.3B27.5B22.1B28.5B14.5B
Common Stock Shares Outstanding1.3B1.3B1.3B1.4B1.4B1.4B
Short Term Investments25.1M57.9M2.3B2.7B51.9M49.3M
Liabilities And Stockholders Equity38.3B52.2B51.7B54.7B64.9B37.3B
Non Current Liabilities Total2.5B3.1B1.8B1.9B3.0B6.0B
Inventory3.4B4.4B5.7B7.6B7.7B8.1B
Other Current Assets7.1B5.5B2.5B5.2B5.7B6.0B
Other Stockholder Equity4.6B4.7B10.5B10.6B14.9B15.7B
Total Liab21.6B32.9B23.5B23.3B24.9B16.1B
Total Current Assets30.6B41.5B38.2B40.8B45.3B47.6B
Accumulated Other Comprehensive Income(96.2M)1.2B1.1B1.3B2.3B2.4B
Intangible Assets395.3M421.7M741M2.2B4.3B4.5B
Current Deferred Revenue2.3B2.2B477M39.8M844.2M1.6B
Retained Earnings10.8B12.0B15.0B17.9B20.9B22.0B
Short Term Debt5.2B6.7B6.2B8.2B8.1B4.5B
Other Liab319.6M365M350.4M697.2M801.8M841.9M
Net Tangible Assets16.0B18.5B27.0B28.7B33.0B34.6B
Other Assets1.7B4.9B6.7B395.5M454.8M432.1M
Long Term Debt2.0B2.5B1.2B1.1B1.7B1.5B
Short Long Term Debt5.1B5.9B6.1B6.4B8.1B4.9B
Property Plant Equipment4.7B4.8B5.4B5.7B6.6B3.4B
Long Term Debt Total2.2B2.7B1.4B1.2B1.0B1.7B
Net Invested Capital23.8B27.5B35.3B38.6B49.3B33.2B
Cash And Equivalents136.9M184M128M636.7M732.2M768.8M

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