Hilton Common Stock Shares Outstanding vs Accounts Payable Analysis

HILTON Stock   82.07  0.34  0.42%   
Hilton Metal financial indicator trend analysis is much more than just examining Hilton Metal Forging latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Hilton Metal Forging is a good investment. Please check the relationship between Hilton Metal Common Stock Shares Outstanding and its Accounts Payable accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Hilton Metal Forging. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.

Common Stock Shares Outstanding vs Accounts Payable

Common Stock Shares Outstanding vs Accounts Payable Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Hilton Metal Forging Common Stock Shares Outstanding account and Accounts Payable. At this time, the significance of the direction appears to have almost no relationship.
The correlation between Hilton Metal's Common Stock Shares Outstanding and Accounts Payable is 0.17. Overlapping area represents the amount of variation of Common Stock Shares Outstanding that can explain the historical movement of Accounts Payable in the same time period over historical financial statements of Hilton Metal Forging, assuming nothing else is changed. The correlation between historical values of Hilton Metal's Common Stock Shares Outstanding and Accounts Payable is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Common Stock Shares Outstanding of Hilton Metal Forging are associated (or correlated) with its Accounts Payable. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Accounts Payable has no effect on the direction of Common Stock Shares Outstanding i.e., Hilton Metal's Common Stock Shares Outstanding and Accounts Payable go up and down completely randomly.

Correlation Coefficient

0.17
Relationship DirectionPositive 
Relationship StrengthInsignificant

Common Stock Shares Outstanding

The total number of shares of a company's common stock that are currently owned by all its shareholders.

Accounts Payable

An accounting item on the balance sheet that represents Hilton Metal 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 Hilton Metal Forging 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.
Most indicators from Hilton Metal's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Hilton Metal Forging 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 Hilton Metal Forging. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.
The current year's Tax Provision is expected to grow to about 11.1 M, whereas Selling General Administrative is forecasted to decline to about 22.8 M.
 2021 2022 2023 2024 (projected)
Interest Expense37.2M53.6M64.8M38.0M
Depreciation And Amortization25.4M23.6M22.0M27.1M

Hilton Metal fundamental ratios Correlations

0.50.210.720.840.410.520.18-0.170.61-0.19-0.120.590.830.190.880.20.550.840.990.450.840.430.550.43-0.41
0.50.00.330.10.120.97-0.60.00.45-0.440.02-0.240.390.580.680.00.110.740.460.950.39-0.360.510.23-0.58
0.210.00.670.27-0.180.220.04-0.92-0.01-0.18-0.920.160.25-0.770.330.290.220.090.24-0.140.240.110.26-0.24-0.27
0.720.330.670.490.020.480.06-0.740.14-0.16-0.720.560.47-0.320.830.020.420.720.770.140.470.560.740.02-0.17
0.840.10.270.490.590.130.39-0.130.67-0.13-0.080.580.91-0.090.560.50.630.410.80.140.920.40.110.48-0.41
0.410.12-0.180.020.590.06-0.010.250.69-0.320.290.060.60.160.180.320.40.10.310.250.650.1-0.330.44-0.31
0.520.970.220.480.130.06-0.61-0.240.4-0.48-0.22-0.220.420.380.730.050.140.740.490.870.41-0.320.580.18-0.6
0.18-0.60.040.060.39-0.01-0.610.08-0.040.610.040.61-0.01-0.24-0.030.040.02-0.090.21-0.60.040.53-0.03-0.210.42
-0.170.0-0.92-0.74-0.130.25-0.240.080.170.180.99-0.18-0.130.77-0.37-0.16-0.23-0.14-0.220.19-0.12-0.26-0.420.220.11
0.610.45-0.010.140.670.690.4-0.040.17-0.390.22-0.050.80.280.430.250.370.360.480.560.81-0.07-0.120.55-0.79
-0.19-0.44-0.18-0.16-0.13-0.32-0.480.610.18-0.390.110.21-0.38-0.07-0.19-0.2-0.34-0.19-0.13-0.4-0.290.2-0.04-0.530.55
-0.120.02-0.92-0.72-0.080.29-0.220.040.990.220.11-0.16-0.060.78-0.35-0.14-0.18-0.12-0.180.21-0.07-0.24-0.420.340.06
0.59-0.240.160.560.580.06-0.220.61-0.18-0.050.21-0.160.33-0.180.40.070.540.410.67-0.290.320.840.390.130.28
0.830.390.250.470.910.60.42-0.01-0.130.8-0.38-0.060.330.040.610.50.660.490.760.450.990.170.110.63-0.69
0.190.58-0.77-0.32-0.090.160.38-0.240.770.28-0.070.78-0.180.040.17-0.24-0.150.420.150.650.04-0.30.140.29-0.11
0.880.680.330.830.560.180.73-0.03-0.370.43-0.19-0.350.40.610.170.060.410.930.890.540.630.320.790.21-0.34
0.20.00.290.020.50.320.050.04-0.160.25-0.2-0.140.070.5-0.240.060.61-0.160.170.090.5-0.22-0.240.13-0.31
0.550.110.220.420.630.40.140.02-0.230.37-0.34-0.180.540.66-0.150.410.610.30.540.180.620.350.10.39-0.32
0.840.740.090.720.410.10.74-0.09-0.140.36-0.19-0.120.410.490.420.93-0.160.30.860.620.490.310.820.23-0.28
0.990.460.240.770.80.310.490.21-0.220.48-0.13-0.180.670.760.150.890.170.540.860.380.770.490.640.36-0.29
0.450.95-0.140.140.140.250.87-0.60.190.56-0.40.21-0.290.450.650.540.090.180.620.380.45-0.460.260.32-0.66
0.840.390.240.470.920.650.410.04-0.120.81-0.29-0.070.320.990.040.630.50.620.490.770.450.170.10.53-0.67
0.43-0.360.110.560.40.1-0.320.53-0.26-0.070.2-0.240.840.17-0.30.32-0.220.350.310.49-0.460.170.360.090.36
0.550.510.260.740.11-0.330.58-0.03-0.42-0.12-0.04-0.420.390.110.140.79-0.240.10.820.640.260.10.36-0.060.05
0.430.23-0.240.020.480.440.18-0.210.220.55-0.530.340.130.630.290.210.130.390.230.360.320.530.09-0.06-0.39
-0.41-0.58-0.27-0.17-0.41-0.31-0.60.420.11-0.790.550.060.28-0.69-0.11-0.34-0.31-0.32-0.28-0.29-0.66-0.670.360.05-0.39
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Hilton Metal Account Relationship Matchups

Hilton Metal fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets1.5B1.1B1.1B1.7B1.8B1.4B
Short Long Term Debt Total445.3M573.2M602.7M501.0M511.8M403.5M
Other Current Liab61.9M32.0M59.8M53.5M66.6M70.0M
Total Current Liabilities691.7M512.5M497.7M640.8M692.1M507.5M
Total Stockholder Equity626.9M431.1M448.8M891.2M995.2M674.2M
Property Plant And Equipment Net322.4M321.6M384.2M422.2M468.6M304.0M
Net Debt443.9M572.6M599.7M499.9M500.1M382.3M
Retained Earnings111.0M(84.7M)(67.1M)(8.5M)109.9M115.4M
Cash1.4M641K3.0M1.0M11.7M13.2M
Non Current Assets Total380.4M378.1M458.0M485.0M529.9M466.6M
Non Currrent Assets Other57.9M56.4M(384.3M)(422.2M)61.3M64.4M
Cash And Short Term Investments1.6M744K3.1M16.9M11.7M14.4M
Net Receivables335.1M94.2M13.9M301.9M271.5M221.3M
Liabilities And Stockholders Equity1.5B1.1B1.1B1.7B1.8B1.4B
Non Current Liabilities Total174.2M186.3M193.8M160.3M158.3M136.5M
Inventory668.0M539.9M546.4M664.5M789.1M554.4M
Other Current Assets93.3M108.0M109.5M229.8M243.4M130.7M
Total Liab865.9M698.8M691.4M801.1M850.5M695.3M
Total Current Assets1.1B751.9M682.2M1.2B1.3B902.9M
Accumulated Other Comprehensive Income(206.0M)(226.7M)(249.3M)55.3M92.4M97.0M
Short Term Debt312.8M422.6M417.1M377.1M400.4M328.1M
Accounts Payable244.2M29.1M20.7M210.3M211.9M135.4M
Current Deferred Revenue45.9M31.0M24.6M28.6M25.4M26.8M
Short Term Investments197K103K100K15.8M2.7M2.4M
Other Liab74.8M35.7M8.2M8.5M7.7M7.3M
Net Tangible Assets626.9M431.1M448.8M891.2M1.0B662.2M
Other Assets274.02K1K3.1M2.8M2.2M
Long Term Debt99.3M150.6M185.6M151.7M140.3M96.5M
Short Long Term Debt346.0M386.8M387.7M349.2M371.5M341.6M
Property Plant Equipment322.4M321.6M384.2M422.2M485.5M401.6M
Long Term Debt Total99.3M150.6M185.6M151.7M174.5M111.0M
Cash And Equivalents1.4M641K3.0M1.0M1.2M1.5M
Net Invested Capital1.1B968.5M1.0B1.4B1.5B1.2B
Net Working Capital420.7M239.4M184.6M566.5M623.6M413.2M

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Other Information on Investing in Hilton Stock

Balance Sheet is a snapshot of the financial position of Hilton Metal Forging at a specified time, usually calculated after every quarter, six months, or one year. Hilton Metal Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Hilton Metal and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Hilton currently owns. An asset can also be divided into two categories, current and non-current.