Hingham Net Receivables vs Earning Assets Analysis

HIFS Stock

USD 283.26 0.72 0.25%

Hingham Institution financial indicator trend analysis is much more than just examining Hingham Institution for latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Hingham Institution for is a good investment. Please check the relationship between Hingham Institution Net Receivables and its Earning Assets accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Hingham Institution for. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in census.

Net Receivables vs Earning Assets

Net Receivables vs Earning Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Hingham Institution for Net Receivables account and Earning Assets. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Hingham Institution's Net Receivables and Earning Assets is -0.42. Overlapping area represents the amount of variation of Net Receivables that can explain the historical movement of Earning Assets in the same time period over historical financial statements of Hingham Institution for, assuming nothing else is changed. The correlation between historical values of Hingham Institution's Net Receivables and Earning Assets 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 Receivables of Hingham Institution for are associated (or correlated) with its Earning Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Earning Assets has no effect on the direction of Net Receivables i.e., Hingham Institution's Net Receivables and Earning Assets go up and down completely randomly.

Correlation Coefficient

-0.42

Relationship Direction	Negative
Relationship Strength	Very Weak

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Net Receivables

Earning Assets

Most indicators from Hingham Institution's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Hingham Institution for 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 Hingham Institution for. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in census.

At this time, Hingham Institution's Selling General Administrative is comparatively stable compared to the past year. Enterprise Value Over EBITDA is likely to gain to 61.78 in 2024, whereas Tax Provision is likely to drop slightly above 8.4 M in 2024.

	2021	2022	2023	2024 (projected)
Interest Expense	8.0M	32.9M	126.0M	132.3M
Depreciation And Amortization	543K	494K	685K	739.4K

Interest Expense Depreciation And Amortization

Hingham Institution fundamental ratios Correlations

	Common Stock Shares Outstanding	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Retained Earnings	Accounts Payable	Non Currrent Assets Other	Other Assets	Common Stock Total Equity	Non Current Liabilities Total	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Common Stock	Net Debt	Cash	Non Current Assets Total	Cash And Short Term Investments	Net Receivables	Total Current Assets	Short Long Term Debt Total	Short Term Debt	Other Liab	Long Term Debt
Common Stock Shares Outstanding		0.79	0.37	0.4	0.75	0.93	0.74	0.43	0.39	0.5	0.89	0.66	0.76	0.79	0.76	0.93	0.57	0.32	0.4	0.28	0.74	0.28	0.65	0.66	0.72	0.61
Total Assets	0.79		0.66	0.67	0.99	0.75	0.99	0.75	0.67	0.48	0.64	0.64	0.85	1.0	0.93	0.56	0.88	0.08	0.67	-0.07	0.98	-0.07	0.93	0.91	0.99	0.93
Other Current Liab	0.37	0.66		0.99	0.62	0.36	0.62	0.96	0.99	-0.33	0.39	0.68	0.36	0.66	0.62	0.21	0.88	-0.65	0.99	-0.72	0.75	-0.72	0.83	0.52	0.75	0.79
Total Current Liabilities	0.4	0.67	0.99		0.63	0.37	0.63	0.97	1.0	-0.33	0.41	0.72	0.37	0.67	0.62	0.23	0.89	-0.6	1.0	-0.67	0.77	-0.68	0.85	0.53	0.76	0.82
Total Stockholder Equity	0.75	0.99	0.62	0.63		0.7	1.0	0.71	0.62	0.53	0.58	0.62	0.84	0.99	0.91	0.5	0.84	0.08	0.63	-0.08	0.97	-0.08	0.88	0.89	0.97	0.9
Property Plant And Equipment Net	0.93	0.75	0.36	0.37	0.7		0.69	0.41	0.36	0.47	0.9	0.54	0.77	0.75	0.8	0.91	0.56	0.29	0.37	0.31	0.68	0.31	0.63	0.64	0.68	0.56
Retained Earnings	0.74	0.99	0.62	0.63	1.0	0.69		0.71	0.62	0.52	0.58	0.61	0.84	0.99	0.91	0.5	0.84	0.07	0.63	-0.09	0.97	-0.09	0.88	0.89	0.97	0.9
Accounts Payable	0.43	0.75	0.96	0.97	0.71	0.41	0.71		0.96	-0.18	0.41	0.62	0.44	0.76	0.7	0.23	0.96	-0.5	0.96	-0.59	0.84	-0.6	0.93	0.7	0.83	0.91
Non Currrent Assets Other	0.39	0.67	0.99	1.0	0.62	0.36	0.62	0.96		-0.33	0.4	0.72	0.37	0.67	0.61	0.22	0.88	-0.59	1.0	-0.67	0.77	-0.67	0.85	0.53	0.76	0.82
Other Assets	0.5	0.48	-0.33	-0.33	0.53	0.47	0.52	-0.18	-0.33		0.28	-0.05	0.61	0.47	0.44	0.39	0.08	0.79	-0.33	0.67	0.35	0.68	0.17	0.54	0.36	0.21
Common Stock Total Equity	0.89	0.64	0.39	0.41	0.58	0.9	0.58	0.41	0.4	0.28		0.62	0.77	0.65	0.67	0.95	0.51	0.19	0.42	0.2	0.61	0.2	0.56	0.5	0.6	0.5
Non Current Liabilities Total	0.66	0.64	0.68	0.72	0.62	0.54	0.61	0.62	0.72	-0.05	0.62		0.55	0.65	0.54	0.52	0.59	-0.14	0.72	-0.23	0.67	-0.23	0.64	0.38	0.64	0.63
Other Stockholder Equity	0.76	0.85	0.36	0.37	0.84	0.77	0.84	0.44	0.37	0.61	0.77	0.55		0.85	0.77	0.65	0.61	0.34	0.37	0.22	0.79	0.22	0.68	0.74	0.79	0.68
Total Liab	0.79	1.0	0.66	0.67	0.99	0.75	0.99	0.76	0.67	0.47	0.65	0.65	0.85		0.93	0.57	0.89	0.08	0.67	-0.07	0.98	-0.06	0.93	0.91	0.99	0.93
Property Plant And Equipment Gross	0.76	0.93	0.62	0.62	0.91	0.8	0.91	0.7	0.61	0.44	0.67	0.54	0.77	0.93		0.6	0.86	0.02	0.63	-0.05	0.89	-0.05	0.88	0.88	0.92	0.85
Common Stock	0.93	0.56	0.21	0.23	0.5	0.91	0.5	0.23	0.22	0.39	0.95	0.52	0.65	0.57	0.6		0.36	0.34	0.23	0.38	0.5	0.38	0.43	0.44	0.49	0.37
Net Debt	0.57	0.88	0.88	0.89	0.84	0.56	0.84	0.96	0.88	0.08	0.51	0.59	0.61	0.89	0.86	0.36		-0.31	0.89	-0.42	0.93	-0.42	0.99	0.85	0.94	0.97
Cash	0.32	0.08	-0.65	-0.6	0.08	0.29	0.07	-0.5	-0.59	0.79	0.19	-0.14	0.34	0.08	0.02	0.34	-0.31		-0.61	0.96	-0.06	0.96	-0.17	0.13	-0.06	-0.15
Non Current Assets Total	0.4	0.67	0.99	1.0	0.63	0.37	0.63	0.96	1.0	-0.33	0.42	0.72	0.37	0.67	0.63	0.23	0.89	-0.61		-0.68	0.77	-0.68	0.85	0.53	0.76	0.82
Cash And Short Term Investments	0.28	-0.07	-0.72	-0.67	-0.08	0.31	-0.09	-0.59	-0.67	0.67	0.2	-0.23	0.22	-0.07	-0.05	0.38	-0.42	0.96	-0.68		-0.21	1.0	-0.29	-0.01	-0.22	-0.3
Net Receivables	0.74	0.98	0.75	0.77	0.97	0.68	0.97	0.84	0.77	0.35	0.61	0.67	0.79	0.98	0.89	0.5	0.93	-0.06	0.77	-0.21		-0.21	0.96	0.9	0.99	0.96
Total Current Assets	0.28	-0.07	-0.72	-0.68	-0.08	0.31	-0.09	-0.6	-0.67	0.68	0.2	-0.23	0.22	-0.06	-0.05	0.38	-0.42	0.96	-0.68	1.0	-0.21		-0.29	0.0	-0.21	-0.3
Short Long Term Debt Total	0.65	0.93	0.83	0.85	0.88	0.63	0.88	0.93	0.85	0.17	0.56	0.64	0.68	0.93	0.88	0.43	0.99	-0.17	0.85	-0.29	0.96	-0.29		0.88	0.96	0.98
Short Term Debt	0.66	0.91	0.52	0.53	0.89	0.64	0.89	0.7	0.53	0.54	0.5	0.38	0.74	0.91	0.88	0.44	0.85	0.13	0.53	-0.01	0.9	0.0	0.88		0.9	0.87
Other Liab	0.72	0.99	0.75	0.76	0.97	0.68	0.97	0.83	0.76	0.36	0.6	0.64	0.79	0.99	0.92	0.49	0.94	-0.06	0.76	-0.22	0.99	-0.21	0.96	0.9		0.96
Long Term Debt	0.61	0.93	0.79	0.82	0.9	0.56	0.9	0.91	0.82	0.21	0.5	0.63	0.68	0.93	0.85	0.37	0.97	-0.15	0.82	-0.3	0.96	-0.3	0.98	0.87	0.96

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Hingham Net Receivables vs Earning Assets Analysis

Net Receivables vs Earning Assets

Net Receivables vs Earning Assets Correlation Analysis

Correlation Coefficient

Net Receivables

Earning Assets

Hingham Institution fundamental ratios Correlations

Hingham Institution Account Relationship Matchups

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Total Liab	+ 1.0	Total Assets
Non Currrent Assets Other	+ 1.0	Total Current Liabilities
Non Current Assets Total	+ 1.0	Total Current Liabilities
Retained Earnings	+ 1.0	Total Stockholder Equity
Non Current Assets Total	+ 1.0	Non Currrent Assets Other
Total Current Assets	+ 1.0	Cash And Short Term Investments

Total Current Assets	- 0.72	Other Current Liab
Cash And Short Term Investments	- 0.72	Other Current Liab
Total Current Assets	- 0.68	Non Current Assets Total
Cash And Short Term Investments	- 0.68	Non Current Assets Total
Total Current Assets	- 0.68	Total Current Liabilities
Total Current Assets	- 0.67	Non Currrent Assets Other