Hillgrove Capital Expenditures vs Change To Netincome Analysis

HGO Stock

0.05 0 1.82%

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

Capital Expenditures vs Change To Netincome

Capital Expenditures vs Change To Netincome Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Hillgrove Resources Capital Expenditures account and Change To Netincome. At this time, the significance of the direction appears to have weak contrarian relationship.

The correlation between Hillgrove Resources' Capital Expenditures and Change To Netincome is -0.2. Overlapping area represents the amount of variation of Capital Expenditures that can explain the historical movement of Change To Netincome in the same time period over historical financial statements of Hillgrove Resources, assuming nothing else is changed. The correlation between historical values of Hillgrove Resources' Capital Expenditures and Change To Netincome is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Capital Expenditures of Hillgrove Resources are associated (or correlated) with its Change To Netincome. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Change To Netincome has no effect on the direction of Capital Expenditures i.e., Hillgrove Resources' Capital Expenditures and Change To Netincome go up and down completely randomly.

Correlation Coefficient

-0.2

Relationship Direction	Negative
Relationship Strength	Insignificant

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Capital Expenditures

Capital Expenditures are funds used by Hillgrove Resources to acquire physical assets such as property, industrial buildings or equipment. This type of outlay is used by management to increase the scope of Hillgrove Resources operations. These expenditures can include everything from repairing an office equipment, building a brand new facility, or writing new software.

Change To Netincome

Most indicators from Hillgrove Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Hillgrove Resources 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 Hillgrove Resources. 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.

At this time, Hillgrove Resources' Tax Provision is comparatively stable compared to the past year. Discontinued Operations is likely to gain to about 1.8 M in 2024, whereas Selling General Administrative is likely to drop 3,554 in 2024.

Hillgrove Resources 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	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Common Stock	Other Current Assets	Current Deferred Revenue
Total Assets		0.9	-0.16	0.94	0.99	1.0	0.7	0.39	0.93	0.84	1.0	-0.38	0.82	0.92	-0.04	-0.13	0.66	0.87	0.15	0.95	0.51	0.97	0.9	0.41	0.78	-0.48
Short Long Term Debt Total	0.9		-0.2	0.82	0.89	0.91	0.87	0.53	0.82	0.79	0.9	-0.37	0.79	0.89	-0.03	-0.23	0.69	0.67	-0.01	0.88	0.54	0.84	0.89	0.19	0.74	-0.56
Other Current Liab	-0.16	-0.2		-0.09	-0.17	-0.17	-0.32	-0.35	-0.16	0.05	-0.17	0.94	0.07	-0.23	0.11	0.32	0.24	-0.2	0.22	0.04	-0.01	-0.06	-0.39	0.22	0.38	0.28
Total Current Liabilities	0.94	0.82	-0.09		0.93	0.93	0.61	0.36	0.99	0.82	0.93	-0.34	0.8	0.88	-0.04	-0.11	0.54	0.89	0.16	0.93	0.44	0.96	0.91	0.38	0.72	-0.48
Total Stockholder Equity	0.99	0.89	-0.17	0.93		0.99	0.71	0.42	0.91	0.79	1.0	-0.38	0.77	0.89	-0.04	-0.16	0.61	0.9	0.13	0.92	0.48	0.96	0.89	0.38	0.77	-0.5
Property Plant And Equipment Net	1.0	0.91	-0.17	0.93	0.99		0.72	0.42	0.92	0.82	1.0	-0.38	0.8	0.91	-0.06	-0.14	0.67	0.86	0.14	0.94	0.51	0.95	0.89	0.38	0.78	-0.49
Net Debt	0.7	0.87	-0.32	0.61	0.71	0.72		0.79	0.65	0.41	0.72	-0.4	0.4	0.65	-0.16	-0.5	0.44	0.57	-0.27	0.62	0.28	0.59	0.77	-0.22	0.57	-0.76
Retained Earnings	0.39	0.53	-0.35	0.36	0.42	0.42	0.79		0.44	0.03	0.41	-0.31	0.01	0.37	-0.43	-0.87	0.12	0.4	-0.51	0.28	-0.23	0.29	0.55	-0.67	0.39	-0.9
Accounts Payable	0.93	0.82	-0.16	0.99	0.91	0.92	0.65	0.44		0.77	0.92	-0.38	0.75	0.86	-0.12	-0.19	0.49	0.87	0.12	0.9	0.4	0.93	0.93	0.29	0.69	-0.52
Cash	0.84	0.79	0.05	0.82	0.79	0.82	0.41	0.03	0.77		0.82	-0.19	1.0	0.89	0.11	0.19	0.78	0.58	0.31	0.92	0.66	0.88	0.72	0.62	0.7	-0.16
Non Current Assets Total	1.0	0.9	-0.17	0.93	1.0	1.0	0.72	0.41	0.92	0.82		-0.38	0.8	0.91	-0.05	-0.14	0.66	0.86	0.14	0.94	0.51	0.96	0.89	0.39	0.78	-0.49
Non Currrent Assets Other	-0.38	-0.37	0.94	-0.34	-0.38	-0.38	-0.4	-0.31	-0.38	-0.19	-0.38		-0.17	-0.44	0.05	0.21	0.11	-0.43	0.14	-0.19	-0.18	-0.32	-0.57	0.0	0.22	0.33
Cash And Short Term Investments	0.82	0.79	0.07	0.8	0.77	0.8	0.4	0.01	0.75	1.0	0.8	-0.17		0.87	0.13	0.23	0.78	0.56	0.31	0.9	0.68	0.87	0.71	0.63	0.69	-0.13
Net Receivables	0.92	0.89	-0.23	0.88	0.89	0.91	0.65	0.37	0.86	0.89	0.91	-0.44	0.87		-0.14	-0.18	0.72	0.72	0.15	0.93	0.44	0.91	0.86	0.34	0.72	-0.51
Common Stock Total Equity	-0.04	-0.03	0.11	-0.04	-0.04	-0.06	-0.16	-0.43	-0.12	0.11	-0.05	0.05	0.13	-0.14		0.55	0.02	-0.03	-0.23	-0.04	0.41	0.01	-0.04	0.43	-0.17	0.44
Common Stock Shares Outstanding	-0.13	-0.23	0.32	-0.11	-0.16	-0.14	-0.5	-0.87	-0.19	0.19	-0.14	0.21	0.23	-0.18	0.55		0.09	-0.21	0.47	-0.03	0.6	-0.05	-0.26	0.77	-0.24	0.85
Non Current Liabilities Total	0.66	0.69	0.24	0.54	0.61	0.67	0.44	0.12	0.49	0.78	0.66	0.11	0.78	0.72	0.02	0.09		0.27	0.08	0.79	0.52	0.62	0.44	0.38	0.77	-0.15
Inventory	0.87	0.67	-0.2	0.89	0.9	0.86	0.57	0.4	0.87	0.58	0.86	-0.43	0.56	0.72	-0.03	-0.21	0.27		0.1	0.74	0.25	0.89	0.83	0.31	0.6	-0.55
Other Stockholder Equity	0.15	-0.01	0.22	0.16	0.13	0.14	-0.27	-0.51	0.12	0.31	0.14	0.14	0.31	0.15	-0.23	0.47	0.08	0.1		0.22	0.24	0.21	-0.01	0.61	0.14	0.38
Total Liab	0.95	0.88	0.04	0.93	0.92	0.94	0.62	0.28	0.9	0.92	0.94	-0.19	0.9	0.93	-0.04	-0.03	0.79	0.74	0.22		0.54	0.94	0.82	0.46	0.84	-0.39
Property Plant And Equipment Gross	0.51	0.54	-0.01	0.44	0.48	0.51	0.28	-0.23	0.4	0.66	0.51	-0.18	0.68	0.44	0.41	0.6	0.52	0.25	0.24	0.54		0.49	0.43	0.64	0.25	0.25
Total Current Assets	0.97	0.84	-0.06	0.96	0.96	0.95	0.59	0.29	0.93	0.88	0.96	-0.32	0.87	0.91	0.01	-0.05	0.62	0.89	0.21	0.94	0.49		0.87	0.49	0.77	-0.44
Short Term Debt	0.9	0.89	-0.39	0.91	0.89	0.89	0.77	0.55	0.93	0.72	0.89	-0.57	0.71	0.86	-0.04	-0.26	0.44	0.83	-0.01	0.82	0.43	0.87		0.17	0.57	-0.57
Common Stock	0.41	0.19	0.22	0.38	0.38	0.38	-0.22	-0.67	0.29	0.62	0.39	0.0	0.63	0.34	0.43	0.77	0.38	0.31	0.61	0.46	0.64	0.49	0.17		0.22	0.51
Other Current Assets	0.78	0.74	0.38	0.72	0.77	0.78	0.57	0.39	0.69	0.7	0.78	0.22	0.69	0.72	-0.17	-0.24	0.77	0.6	0.14	0.84	0.25	0.77	0.57	0.22		-0.49
Current Deferred Revenue	-0.48	-0.56	0.28	-0.48	-0.5	-0.49	-0.76	-0.9	-0.52	-0.16	-0.49	0.33	-0.13	-0.51	0.44	0.85	-0.15	-0.55	0.38	-0.39	0.25	-0.44	-0.57	0.51	-0.49

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Hillgrove Resources Account Relationship Matchups

Hillgrove Resources fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	51.3M	35.9M	51.3M	52.9M	101.1M	89.1M
Short Long Term Debt Total	9.5M	981K	253K	7.2M	11.8M	18.7M
Other Current Liab	13.5M	2.7M	3.5M	2.0M	11.8M	12.4M
Total Current Liabilities	16.8M	2.9M	4.0M	2.1M	23.7M	16.4M
Total Stockholder Equity	26.3M	23.2M	37.9M	32.6M	54.9M	58.1M
Property Plant And Equipment Net	24.2M	24.4M	33.3M	40.0M	86.2M	59.0M
Net Debt	(9.1M)	(5.6M)	(10.7M)	1.9M	1.6M	1.7M
Retained Earnings	(235.1M)	(241.1M)	(246.9M)	(252.9M)	(269.2M)	(255.8M)
Accounts Payable	2.6M	218K	567K	130K	7.6M	4.6M
Cash	9.3M	5.6M	10.7M	5.3M	10.2M	14.4M
Non Current Assets Total	28.7M	29.4M	39.5M	46.3M	86.2M	65.0M
Non Currrent Assets Other	4.5M	5.0M	6.3M	6.2M	5.3M	5.6M
Cash And Short Term Investments	9.3M	5.6M	10.7M	5.3M	10.2M	17.7M
Net Receivables	1.8M	447K	523K	424K	1.1M	1.1M
Common Stock Total Equity	234.3M	234.3M	234.3M	236.6M	272.0M	285.6M
Common Stock Shares Outstanding	594.8M	586.2M	961.0M	1.2B	1.7B	1.8B
Liabilities And Stockholders Equity	51.3M	35.9M	51.3M	52.9M	101.1M	98.6M
Non Current Liabilities Total	8.1M	9.7M	9.3M	16.2M	22.5M	16.1M
Inventory	10.2M	50K	100K	410K	3.1M	5.0M
Other Stockholder Equity	5.0M	5.7M	6.7M	7.3M	6.6M	6.9M
Total Liab	25.0M	12.7M	13.4M	18.3M	46.2M	28.9M
Property Plant And Equipment Gross	26.8M	27.6M	258.1M	265.2M	309.1M	324.6M
Total Current Assets	22.6M	6.5M	11.8M	6.6M	14.8M	24.1M
Accumulated Other Comprehensive Income	27.1M	27.8M	28.8M	29.4M	31.2M	32.7M
Short Term Debt	836K	253K	503K	0.0	4.3M	8.6M
Common Stock	234.3M	236.6M	256.1M	256.1M	292.9M	307.6M
Other Current Assets	1.2M	385K	400K	481K	377K	358.2K
Current Deferred Revenue	1.2M	1.4M	479K	8.8M	10.1M	10.6M
Other Liab	8.1M	9.7M	9.3M	18.2M	20.9M	11.8M
Property Plant Equipment	26.8M	27.6M	37.7M	44.8M	51.5M	91.4M
Net Tangible Assets	26.3M	23.2M	37.9M	32.6M	29.3M	27.8M
Long Term Debt Total	1.4M	145K	0.0	7.2M	6.5M	3.4M
Capital Lease Obligations	672K	478K	253K	11.8M	13.6M	14.3M
Net Invested Capital	26.3M	23.2M	37.9M	32.6M	54.9M	38.1M
Net Working Capital	5.8M	3.6M	7.7M	4.5M	(8.8M)	(9.3M)

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