HITECHGEAR Retained Earnings vs Cash Analysis

HITECHGEAR

801.35 21.95 2.82%

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

Retained Earnings vs Cash

Retained Earnings vs Cash Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Hi Tech Retained Earnings account and Cash. At this time, the significance of the direction appears to have weak relationship.

The correlation between Hi Tech's Retained Earnings and Cash is 0.38. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Cash in the same time period over historical financial statements of The Hi Tech Gears, assuming nothing else is changed. The correlation between historical values of Hi Tech's Retained Earnings and Cash is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Retained Earnings of The Hi Tech Gears are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Retained Earnings i.e., Hi Tech's Retained Earnings and Cash go up and down completely randomly.

Correlation Coefficient

0.38

Relationship Direction	Positive
Relationship Strength	Very Weak

View All Relationships

Retained Earnings

The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.

Cash

Cash refers to the most liquid asset of Hi Tech, which is listed under current asset account on The Hi Tech Gears balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Hi Tech customers. The amounts must be unrestricted with restricted cash listed in a different Hi Tech account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.

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

The current Selling General Administrative is estimated to decrease to about 146.9 M. The current Tax Provision is estimated to decrease to about 155.9 M

	2021	2022	2023	2024 (projected)
Interest Expense	244.5M	331.7M	377.7M	396.6M
Depreciation And Amortization	522.9M	821.5M	611.7M	345.0M

Interest Expense Depreciation And Amortization

Hi Tech 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	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Common Stock	Short Term Debt	Intangible Assets	Current Deferred Revenue	Retained Earnings	Other Liab
Total Assets		0.96	0.38	0.95	0.72	0.99	0.96	0.96	0.74	0.99	-0.1	0.95	0.91	0.03	0.87	0.95	0.44	-0.44	0.97	0.98	0.4	0.81	0.74	0.0	0.85	0.07
Short Long Term Debt Total	0.96		0.32	0.88	0.57	0.92	1.0	0.91	0.82	0.96	-0.12	0.95	0.85	0.03	0.96	0.9	0.39	-0.46	0.99	0.92	0.22	0.75	0.8	0.05	0.73	0.14
Other Current Liab	0.38	0.32		0.36	0.24	0.44	0.3	0.29	0.43	0.44	-0.19	0.39	0.12	-0.04	0.37	0.17	0.48	-0.18	0.39	0.28	0.68	0.06	0.33	0.1	0.08	0.23
Total Current Liabilities	0.95	0.88	0.36		0.71	0.94	0.89	0.93	0.68	0.92	0.05	0.91	0.94	0.04	0.73	0.93	0.48	-0.34	0.91	0.97	0.44	0.89	0.65	0.13	0.83	-0.1
Total Stockholder Equity	0.72	0.57	0.24	0.71		0.74	0.59	0.71	0.34	0.68	0.04	0.6	0.71	-0.53	0.43	0.73	0.29	-0.29	0.6	0.74	0.47	0.69	0.43	-0.24	0.85	-0.05
Property Plant And Equipment Net	0.99	0.92	0.44	0.94	0.74		0.93	0.97	0.7	0.98	-0.15	0.93	0.87	0.02	0.84	0.93	0.51	-0.46	0.95	0.96	0.44	0.8	0.66	-0.03	0.85	0.05
Net Debt	0.96	1.0	0.3	0.89	0.59	0.93		0.92	0.77	0.96	-0.11	0.93	0.87	0.03	0.94	0.91	0.37	-0.46	0.99	0.93	0.21	0.78	0.76	0.04	0.76	0.15
Accounts Payable	0.96	0.91	0.29	0.93	0.71	0.97	0.92		0.66	0.94	-0.11	0.9	0.89	0.01	0.81	0.95	0.55	-0.43	0.93	0.96	0.3	0.85	0.58	0.01	0.84	0.02
Cash	0.74	0.82	0.43	0.68	0.34	0.7	0.77	0.66		0.79	-0.13	0.87	0.54	0.03	0.84	0.59	0.44	-0.35	0.83	0.65	0.28	0.37	0.88	0.17	0.38	0.08
Non Current Assets Total	0.99	0.96	0.44	0.92	0.68	0.98	0.96	0.94	0.79		-0.18	0.96	0.86	0.03	0.91	0.91	0.45	-0.48	0.98	0.95	0.41	0.73	0.78	-0.03	0.8	0.12
Non Currrent Assets Other	-0.1	-0.12	-0.19	0.05	0.04	-0.15	-0.11	-0.11	-0.13	-0.18		-0.2	0.18	-0.13	-0.25	-0.07	-0.01	0.76	-0.13	0.0	-0.05	0.19	-0.12	0.75	-0.01	-0.54
Cash And Short Term Investments	0.95	0.95	0.39	0.91	0.6	0.93	0.93	0.9	0.87	0.96	-0.2		0.8	0.04	0.88	0.87	0.45	-0.56	0.96	0.91	0.31	0.71	0.81	0.02	0.72	0.05
Net Receivables	0.91	0.85	0.12	0.94	0.71	0.87	0.87	0.89	0.54	0.86	0.18	0.8		0.03	0.69	0.92	0.3	-0.21	0.85	0.96	0.34	0.92	0.59	0.1	0.87	-0.14
Common Stock Shares Outstanding	0.03	0.03	-0.04	0.04	-0.53	0.02	0.03	0.01	0.03	0.03	-0.13	0.04	0.03		0.02	0.03	0.02	0.04	0.03	0.04	-0.03	-0.04	-0.05	0.2	-0.08	-0.08
Non Current Liabilities Total	0.87	0.96	0.37	0.73	0.43	0.84	0.94	0.81	0.84	0.91	-0.25	0.88	0.69	0.02		0.76	0.36	-0.49	0.95	0.79	0.15	0.54	0.81	0.0	0.57	0.31
Inventory	0.95	0.9	0.17	0.93	0.73	0.93	0.91	0.95	0.59	0.91	-0.07	0.87	0.92	0.03	0.76		0.41	-0.41	0.9	0.98	0.24	0.91	0.58	-0.03	0.92	0.07
Other Current Assets	0.44	0.39	0.48	0.48	0.29	0.51	0.37	0.55	0.44	0.45	-0.01	0.45	0.3	0.02	0.36	0.41		-0.11	0.44	0.42	0.22	0.35	0.17	0.21	0.26	-0.07
Other Stockholder Equity	-0.44	-0.46	-0.18	-0.34	-0.29	-0.46	-0.46	-0.43	-0.35	-0.48	0.76	-0.56	-0.21	0.04	-0.49	-0.41	-0.11		-0.46	-0.38	0.04	-0.24	-0.42	0.57	-0.38	-0.27
Total Liab	0.97	0.99	0.39	0.91	0.6	0.95	0.99	0.93	0.83	0.98	-0.13	0.96	0.85	0.03	0.95	0.9	0.44	-0.46		0.93	0.29	0.75	0.8	0.06	0.73	0.15
Total Current Assets	0.98	0.92	0.28	0.97	0.74	0.96	0.93	0.96	0.65	0.95	0.0	0.91	0.96	0.04	0.79	0.98	0.42	-0.38	0.93		0.36	0.89	0.66	0.04	0.9	0.0
Common Stock	0.4	0.22	0.68	0.44	0.47	0.44	0.21	0.3	0.28	0.41	-0.05	0.31	0.34	-0.03	0.15	0.24	0.22	0.04	0.29	0.36		0.17	0.29	-0.15	0.28	-0.11
Short Term Debt	0.81	0.75	0.06	0.89	0.69	0.8	0.78	0.85	0.37	0.73	0.19	0.71	0.92	-0.04	0.54	0.91	0.35	-0.24	0.75	0.89	0.17		0.35	0.14	0.85	-0.14
Intangible Assets	0.74	0.8	0.33	0.65	0.43	0.66	0.76	0.58	0.88	0.78	-0.12	0.81	0.59	-0.05	0.81	0.58	0.17	-0.42	0.8	0.66	0.29	0.35		-0.01	0.47	0.13
Current Deferred Revenue	0.0	0.05	0.1	0.13	-0.24	-0.03	0.04	0.01	0.17	-0.03	0.75	0.02	0.1	0.2	0.0	-0.03	0.21	0.57	0.06	0.04	-0.15	0.14	-0.01		-0.15	-0.32
Retained Earnings	0.85	0.73	0.08	0.83	0.85	0.85	0.76	0.84	0.38	0.8	-0.01	0.72	0.87	-0.08	0.57	0.92	0.26	-0.38	0.73	0.9	0.28	0.85	0.47	-0.15		-0.03
Other Liab	0.07	0.14	0.23	-0.1	-0.05	0.05	0.15	0.02	0.08	0.12	-0.54	0.05	-0.14	-0.08	0.31	0.07	-0.07	-0.27	0.15	0.0	-0.11	-0.14	0.13	-0.32	-0.03

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Hi Tech Account Relationship Matchups

Hi Tech fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	7.9B	9.2B	10.0B	9.9B	9.1B	5.9B
Short Long Term Debt Total	3.5B	4.3B	4.7B	4.6B	3.0B	2.2B
Other Current Liab	492.0M	526.7M	493.2M	458.2M	288.8M	425.6M
Total Current Liabilities	1.9B	2.6B	3.4B	3.8B	2.9B	1.9B
Total Stockholder Equity	2.8B	3.2B	3.3B	3.5B	4.7B	4.9B
Property Plant And Equipment Net	3.7B	4.2B	4.5B	4.2B	3.9B	2.8B
Net Debt	3.1B	3.8B	4.1B	4.2B	2.8B	2.0B
Accounts Payable	938.2M	1.1B	1.4B	1.2B	1.1B	721.6M
Cash	396.2M	512.1M	609.1M	334.5M	139.8M	246.5M
Non Current Assets Total	5.1B	5.7B	5.9B	5.4B	4.9B	3.5B
Non Currrent Assets Other	(4.9B)	164.6M	10K	96.7M	390.9M	410.4M
Cash And Short Term Investments	691.3M	766.3M	862.8M	885.4M	530.3M	370.1M
Net Receivables	912.1M	1.5B	1.8B	2.2B	2.0B	1.1B
Liabilities And Stockholders Equity	7.9B	9.2B	10.0B	9.9B	9.1B	5.9B
Non Current Liabilities Total	3.2B	3.4B	3.3B	2.5B	1.5B	1.7B
Inventory	851.4M	911.2M	1.2B	1.2B	1.2B	632.3M
Other Current Assets	434.0M	456.9M	2.1B	445.7M	388.1M	413.4M
Other Stockholder Equity	4.1B	(6.9B)	1.0	(2.9B)	2.4M	2.2M
Total Liab	5.1B	6.0B	6.7B	6.3B	4.4B	3.6B
Total Current Assets	2.8B	3.5B	4.1B	4.5B	4.2B	2.4B
Accumulated Other Comprehensive Income	(4.2B)	512.9M	652.1M	676.3M	382.5M	401.6M
Short Term Debt	519.8M	957.3M	1.5B	2.2B	1.5B	907.8M
Intangible Assets	614.2M	610.1M	580.9M	526.3M	478.6M	462.5M
Current Deferred Revenue	(519.8M)	526.7M	406.9M	354.1M	22.5M	21.3M
Retained Earnings	2.1B	2.5B	2.5B	3.0B	4.1B	2.2B
Other Liab	163.7M	176.8M	91.9M	83.3M	95.8M	117.2M
Net Tangible Assets	1.6B	1.7B	2.1B	2.2B	2.5B	1.9B
Other Assets	217.1M	205.3M	140.0M	131.4M	151.2M	143.9M
Long Term Debt	2.9B	3.3B	3.0B	2.2B	530.3M	503.8M
Short Long Term Debt	498.9M	406.8M	1.4B	2.1B	1.4B	934.0M
Property Plant Equipment	3.7B	4.2B	4.5B	4.2B	4.9B	3.5B
Good Will	491.8M	534.5M	557.3M	314.5M	320.0M	439.0M
Short Term Investments	295.1M	254.2M	253.7M	550.9M	390.4M	234.2M
Long Term Debt Total	3.0B	3.3B	3.2B	2.4B	2.8B	2.8B
Capital Lease Obligations	84.3M	289.6M	265.9M	240.4M	1.0B	1.1B
Net Invested Capital	6.2B	6.9B	7.7B	7.9B	6.6B	7.6B
Non Current Liabilities Other	17.5M	15.1M	12.6M	10.1M	8.8M	14.2M
Net Working Capital	845.0M	918.7M	680.4M	629.0M	1.2B	965.2M

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Other Information on Investing in HITECHGEAR Stock

Balance Sheet is a snapshot of the financial position of Hi Tech at a specified time, usually calculated after every quarter, six months, or one year. Hi Tech Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Hi Tech 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 HITECHGEAR currently owns. An asset can also be divided into two categories, current and non-current.

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HITECHGEAR Retained Earnings vs Cash Analysis

Retained Earnings vs Cash

Retained Earnings vs Cash Correlation Analysis

Correlation Coefficient

Retained Earnings

Cash

Hi Tech fundamental ratios Correlations

Hi Tech Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Hi Tech fundamental ratios Accounts

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Other Information on Investing in HITECHGEAR Stock

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COMPANY

Net Debt	+ 1.0	Short Long Term Debt Total
Property Plant And Equipment Net	+ 0.99	Total Assets
Non Current Assets Total	+ 0.99	Total Assets
Total Liab	+ 0.99	Short Long Term Debt Total
Total Liab	+ 0.99	Net Debt
Total Current Assets	+ 0.98	Total Assets

Other Stockholder Equity	- 0.56	Cash And Short Term Investments
Other Liab	- 0.54	Non Currrent Assets Other
Common Stock Shares Outstanding	- 0.53	Total Stockholder Equity
Other Stockholder Equity	- 0.49	Non Current Liabilities Total
Other Stockholder Equity	- 0.48	Non Current Assets Total
Total Liab	- 0.46	Other Stockholder Equity