Highway Net Debt vs Cash And Short Term Investments Analysis
| HIHO Stock | USD 1.93 0.01 0.52% |
Highway Holdings financial indicator trend analysis is much more than just examining Highway Holdings latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Highway Holdings is a good investment. Please check the relationship between Highway Holdings Net Debt and its Cash And Short Term Investments accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Highway Holdings 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 rate.
Net Debt vs Cash And Short Term Investments
Net Debt vs Cash And Short Term Investments Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Highway Holdings Net Debt account and Cash And Short Term Investments. At this time, the significance of the direction appears to have pay attention.
The correlation between Highway Holdings' Net Debt and Cash And Short Term Investments is -0.92. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Cash And Short Term Investments in the same time period over historical financial statements of Highway Holdings Limited, assuming nothing else is changed. The correlation between historical values of Highway Holdings' Net Debt and Cash And Short Term Investments 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 Highway Holdings Limited are associated (or correlated) with its Cash And Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Short Term Investments has no effect on the direction of Net Debt i.e., Highway Holdings' Net Debt and Cash And Short Term Investments go up and down completely randomly.
Correlation Coefficient | -0.92 |
| Relationship Direction | Negative |
| Relationship Strength | Significant |
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 And Short Term Investments
Short Term Investments is an account in the current assets section of Highway Holdings balance sheet. This account contains Highway Holdings investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Highway Holdings Limited fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.Most indicators from Highway Holdings' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Highway Holdings 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 Highway Holdings 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 rate. At this time, Highway Holdings' Selling General Administrative is very stable compared to the past year. As of the 22nd of November 2024, Enterprise Value is likely to grow to about 6.5 M, though Tax Provision is likely to grow to (152.9 K).
| 2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 3.8M | 3.1M | 1.7M | 1.6M | Total Revenue | 12.4M | 10.2M | 6.3M | 6.0M |
Highway Holdings fundamental ratios Correlations
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Highway Holdings Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Highway Holdings fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Total Assets | 18.2M | 15.5M | 14.9M | 13.9M | 11.3M | 13.6M | |
| Other Current Liab | 3.2M | 1.6M | 1.9M | 2.0M | 1.8M | 1.3M | |
| Total Current Liabilities | 5.0M | 4.0M | 5.2M | 4.1M | 3.8M | 5.6M | |
| Total Stockholder Equity | 10.9M | 9.8M | 9.3M | 8.2M | 6.6M | 9.1M | |
| Property Plant And Equipment Net | 4.6M | 3.6M | 2.4M | 2.9M | 1.4M | 2.4M | |
| Net Debt | (6.0M) | (5.8M) | (4.8M) | (4.9M) | (5.2M) | (5.5M) | |
| Retained Earnings | (865K) | (2.0M) | (2.3M) | (3.4M) | (5.0M) | (4.8M) | |
| Accounts Payable | 997K | 653K | 828K | 928K | 935K | 1.6M | |
| Non Current Assets Total | 4.9M | 4.0M | 2.5M | 3.2M | 1.7M | 2.7M | |
| Net Receivables | 2.0M | 973K | 2.3M | 1.9M | 1.3M | 2.5M | |
| Common Stock Shares Outstanding | 3.9M | 4.0M | 4.2M | 4.1M | 4.4M | 3.9M | |
| Liabilities And Stockholders Equity | 18.2M | 15.5M | 14.9M | 13.9M | 11.3M | 13.6M | |
| Non Current Liabilities Total | 2.3M | 1.7M | 408K | 1.6M | 843K | 612.9K | |
| Inventory | 2M | 2.2M | 2.4M | 1.4M | 1.6M | 2.8M | |
| Other Current Assets | 11K | 513K | 620K | 406K | 226K | 214.7K | |
| Other Stockholder Equity | 11.5M | 11.7M | 11.8M | 12.0M | 12.1M | 12.1M | |
| Total Liab | 7.3M | 5.7M | 5.6M | 5.7M | 4.7M | 6.2M | |
| Total Current Assets | 13.2M | 11.5M | 12.3M | 10.7M | 9.6M | 15.1M | |
| Short Term Debt | 782K | 1.6M | 1.9M | 573K | 588K | 558.6K | |
| Non Currrent Assets Other | 358K | 377K | 95K | 308K | 202K | 167.8K | |
| Other Assets | 358K | 377K | 95K | 308K | 277.2K | 270.2K | |
| Short Term Investments | 2.0M | 108K | 3K | 1.1M | 54K | 2.9K | |
| Accumulated Other Comprehensive Income | 196K | 48K | (303K) | (444K) | (501K) | (526.1K) | |
| Property Plant Equipment | 4.6M | 3.6M | 2.4M | 2.9M | 2.6M | 2.2M | |
| Property Plant And Equipment Gross | 4.6M | 3.6M | 2.4M | 2.9M | 13.5M | 14.1M | |
| Other Liab | 229K | 607K | 140K | 124K | 142.6K | 143.4K | |
| Net Tangible Assets | 10.1M | 10.9M | 9.8M | 9.3M | 8.3M | 8.8M | |
| Net Invested Capital | 10.9M | 9.8M | 9.3M | 8.2M | 6.6M | 7.6M | |
| Net Working Capital | 8.2M | 7.5M | 7.1M | 6.6M | 5.8M | 6.2M |
Pair Trading with Highway Holdings
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Highway Holdings position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Highway Holdings will appreciate offsetting losses from the drop in the long position's value.Moving against Highway Stock
The ability to find closely correlated positions to Highway Holdings could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Highway Holdings when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Highway Holdings - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Highway Holdings Limited to buy it.
The correlation of Highway Holdings is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Highway Holdings moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Highway Holdings moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Highway Holdings can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Highway Holdings 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 rate. You can also try the Sectors module to list of equity sectors categorizing publicly traded companies based on their primary business activities.
Is Industrial Machinery & Supplies & Components space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Highway Holdings. If investors know Highway will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Highway Holdings listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Dividend Share 0.07 | Earnings Share (0.11) | Revenue Per Share 1.742 | Quarterly Revenue Growth 0.601 | Return On Assets (0.02) |
The market value of Highway Holdings is measured differently than its book value, which is the value of Highway that is recorded on the company's balance sheet. Investors also form their own opinion of Highway Holdings' value that differs from its market value or its book value, called intrinsic value, which is Highway Holdings' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Highway Holdings' market value can be influenced by many factors that don't directly affect Highway Holdings' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Highway Holdings' value and its price as these two are different measures arrived at by different means. Investors typically determine if Highway Holdings is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Highway Holdings' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.