Hitek Total Liab vs Net Debt Analysis

HKIT Stock

1.29 0.03 2.27%

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

Total Liab vs Net Debt

Total Liab vs Net Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Hitek Global Ordinary Total Liab account and Net Debt. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Hitek Global's Total Liab and Net Debt is -0.43. Overlapping area represents the amount of variation of Total Liab that can explain the historical movement of Net Debt in the same time period over historical financial statements of Hitek Global Ordinary, assuming nothing else is changed. The correlation between historical values of Hitek Global's Total Liab and Net Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Liab of Hitek Global Ordinary are associated (or correlated) with its Net Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Debt has no effect on the direction of Total Liab i.e., Hitek Global's Total Liab and Net Debt go up and down completely randomly.

Correlation Coefficient

-0.43

Relationship Direction	Negative
Relationship Strength	Very Weak

View All Relationships

Total Liab

The total amount of all liabilities that a company has, including both short-term and long-term liabilities.

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.

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

At this time, Hitek Global's Issuance Of Capital Stock is comparatively stable compared to the past year. Sales General And Administrative To Revenue is likely to gain to 0.42 in 2024, whereas Enterprise Value is likely to drop slightly above 6.9 M in 2024.

	2021	2022	2023	2024 (projected)
Interest Expense	205.2K	285.4K	313.9K	160.3K
Depreciation And Amortization	355.7K	21.9K	53.8K	51.1K

Interest Expense Depreciation And Amortization

Hitek Global fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Net Tangible Assets	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Short Term Investments	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Net Invested Capital	Total Current Assets	Net Working Capital	Common Stock	Property Plant Equipment
Total Assets		0.77	0.82	0.87	0.91	0.0	-0.72	-0.65	0.92	0.59	0.77	0.88	0.82	0.94	-0.6	0.86	0.77	0.63	-0.74	0.73	0.94	0.87	0.98	0.82	0.84	-0.22
Other Current Liab	0.77		0.76	0.86	0.59	-0.01	-0.74	-0.6	0.66	0.54	0.82	0.91	0.84	0.76	-0.9	0.83	0.95	0.57	-0.93	0.84	0.82	0.89	0.7	0.82	0.77	-0.26
Total Current Liabilities	0.82	0.76		0.7	0.84	-0.24	-0.39	-0.26	0.88	0.85	0.52	0.83	0.62	0.83	-0.85	0.71	0.77	0.55	-0.67	0.47	0.96	0.73	0.73	0.62	0.49	-0.36
Total Stockholder Equity	0.87	0.86	0.7		0.77	0.04	-0.92	-0.85	0.81	0.46	0.96	0.95	0.98	0.83	-0.7	0.99	0.88	0.54	-0.82	0.93	0.78	1.0	0.85	0.99	0.86	-0.25
Net Tangible Assets	0.91	0.59	0.84	0.77		0.05	-0.55	-0.46	0.99	0.57	0.58	0.84	0.67	0.92	-0.53	0.76	0.58	0.55	-0.61	0.5	0.89	0.77	0.85	0.69	0.57	-0.1
Property Plant And Equipment Net	0.0	-0.01	-0.24	0.04	0.05		-0.17	-0.06	0.06	-0.67	0.0	0.12	-0.02	0.04	0.21	-0.05	-0.29	-0.27	-0.34	0.03	-0.13	0.02	-0.1	-0.04	0.03	0.95
Current Deferred Revenue	-0.72	-0.74	-0.39	-0.92	-0.55	-0.17		0.97	-0.58	-0.16	-0.98	-0.79	-0.95	-0.66	0.46	-0.9	-0.75	-0.43	0.73	-0.97	-0.54	-0.91	-0.76	-0.95	-0.91	0.14
Net Debt	-0.65	-0.6	-0.26	-0.85	-0.46	-0.06	0.97		-0.47	-0.14	-0.95	-0.66	-0.91	-0.54	0.32	-0.85	-0.68	-0.37	0.55	-0.93	-0.43	-0.83	-0.73	-0.91	-0.89	0.24
Retained Earnings	0.92	0.66	0.88	0.81	0.99	0.06	-0.58	-0.47		0.58	0.62	0.89	0.71	0.93	-0.61	0.79	0.64	0.56	-0.68	0.55	0.91	0.81	0.84	0.73	0.59	-0.11
Accounts Payable	0.59	0.54	0.85	0.46	0.57	-0.67	-0.16	-0.14	0.58		0.36	0.52	0.44	0.52	-0.73	0.53	0.69	0.42	-0.28	0.3	0.76	0.49	0.57	0.44	0.33	-0.73
Cash	0.77	0.82	0.52	0.96	0.58	0.0	-0.98	-0.95	0.62	0.36		0.84	0.99	0.69	-0.61	0.95	0.87	0.48	-0.74	0.99	0.64	0.95	0.8	0.98	0.92	-0.31
Non Current Assets Total	0.88	0.91	0.83	0.95	0.84	0.12	-0.79	-0.66	0.89	0.52	0.84		0.89	0.88	-0.81	0.92	0.86	0.53	-0.9	0.81	0.89	0.96	0.81	0.88	0.75	-0.12
Cash And Short Term Investments	0.82	0.84	0.62	0.98	0.67	-0.02	-0.95	-0.91	0.71	0.44	0.99	0.89		0.74	-0.66	0.99	0.89	0.52	-0.76	0.97	0.71	0.98	0.84	1.0	0.89	-0.32
Net Receivables	0.94	0.76	0.83	0.83	0.92	0.04	-0.66	-0.54	0.93	0.52	0.69	0.88	0.74		-0.61	0.78	0.73	0.66	-0.76	0.65	0.92	0.84	0.89	0.77	0.72	-0.16
Common Stock Shares Outstanding	-0.6	-0.9	-0.85	-0.7	-0.53	0.21	0.46	0.32	-0.61	-0.73	-0.61	-0.81	-0.66	-0.61		-0.71	-0.88	-0.43	0.77	-0.61	-0.78	-0.74	-0.5	-0.64	-0.48	0.38
Short Term Investments	0.86	0.83	0.71	0.99	0.76	-0.05	-0.9	-0.85	0.79	0.53	0.95	0.92	0.99	0.78	-0.71		0.89	0.55	-0.76	0.92	0.78	0.98	0.86	0.98	0.85	-0.33
Non Current Liabilities Total	0.77	0.95	0.77	0.88	0.58	-0.29	-0.75	-0.68	0.64	0.69	0.87	0.86	0.89	0.73	-0.88	0.89		0.59	-0.77	0.87	0.81	0.9	0.76	0.88	0.8	-0.54
Inventory	0.63	0.57	0.55	0.54	0.55	-0.27	-0.43	-0.37	0.56	0.42	0.48	0.53	0.52	0.66	-0.43	0.55	0.59		-0.51	0.47	0.62	0.55	0.64	0.54	0.55	-0.4
Other Current Assets	-0.74	-0.93	-0.67	-0.82	-0.61	-0.34	0.73	0.55	-0.68	-0.28	-0.74	-0.9	-0.76	-0.76	0.77	-0.76	-0.77	-0.51		-0.77	-0.75	-0.84	-0.64	-0.74	-0.72	-0.1
Other Stockholder Equity	0.73	0.84	0.47	0.93	0.5	0.03	-0.97	-0.93	0.55	0.3	0.99	0.81	0.97	0.65	-0.61	0.92	0.87	0.47	-0.77		0.6	0.93	0.76	0.96	0.92	-0.28
Total Liab	0.94	0.82	0.96	0.78	0.89	-0.13	-0.54	-0.43	0.91	0.76	0.64	0.89	0.71	0.92	-0.78	0.78	0.81	0.62	-0.75	0.6		0.81	0.87	0.71	0.68	-0.29
Net Invested Capital	0.87	0.89	0.73	1.0	0.77	0.02	-0.91	-0.83	0.81	0.49	0.95	0.96	0.98	0.84	-0.74	0.98	0.9	0.55	-0.84	0.93	0.81		0.85	0.98	0.86	-0.26
Total Current Assets	0.98	0.7	0.73	0.85	0.85	-0.1	-0.76	-0.73	0.84	0.57	0.8	0.81	0.84	0.89	-0.5	0.86	0.76	0.64	-0.64	0.76	0.87	0.85		0.84	0.88	-0.33
Net Working Capital	0.82	0.82	0.62	0.99	0.69	-0.04	-0.95	-0.91	0.73	0.44	0.98	0.88	1.0	0.77	-0.64	0.98	0.88	0.54	-0.74	0.96	0.71	0.98	0.84		0.88	-0.34
Common Stock	0.84	0.77	0.49	0.86	0.57	0.03	-0.91	-0.89	0.59	0.33	0.92	0.75	0.89	0.72	-0.48	0.85	0.8	0.55	-0.72	0.92	0.68	0.86	0.88	0.88		-0.26
Property Plant Equipment	-0.22	-0.26	-0.36	-0.25	-0.1	0.95	0.14	0.24	-0.11	-0.73	-0.31	-0.12	-0.32	-0.16	0.38	-0.33	-0.54	-0.4	-0.1	-0.28	-0.29	-0.26	-0.33	-0.34	-0.26

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Hitek Global Account Relationship Matchups

Hitek Global fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	11.5M	14.4M	17.1M	21.2M	36.2M	18.4M
Other Current Liab	1.0M	306.1K	186.1K	3.1M	3.7M	3.8M
Total Current Liabilities	2.0M	2.4M	2.8M	4.2M	3.4M	2.9M
Total Stockholder Equity	9.0M	11.2M	13.1M	13.5M	28.3M	29.8M
Net Tangible Assets	7.0M	9.0M	11.2M	13.1M	15.1M	10.0M
Property Plant And Equipment Net	847.9K	504.2K	156.8K	129.6K	406.6K	404.4K
Current Deferred Revenue	763.2K	752.3K	784.5K	977.1K	171.4K	162.8K
Net Debt	(776.2K)	(1.9M)	(2.1M)	1.5M	(6.7M)	(6.4M)
Retained Earnings	5.7M	7.4M	9.0M	10.3M	11.4M	7.8M
Accounts Payable	185.2K	379.4K	518.7K	696.7K	532.1K	458.7K
Cash	776.2K	1.9M	2.1M	1.2M	9.3M	9.8M
Non Current Assets Total	3.5M	3.6M	4.2M	9.1M	11.4M	12.0M
Cash And Short Term Investments	2.7M	4.7M	7.3M	5.5M	18.1M	19.1M
Net Receivables	3.8M	3.9M	3.1M	4.8M	6.1M	4.0M
Short Term Investments	2.0M	2.8M	5.2M	4.3M	8.8M	9.3M
Liabilities And Stockholders Equity	11.5M	14.4M	17.1M	21.2M	36.2M	18.4M
Non Current Liabilities Total	563.7K	857.4K	1.2M	3.5M	4.5M	4.7M
Inventory	513.1K	119.8K	409.0K	430.7K	557.7K	374.0K
Other Current Assets	1.0M	2.1M	2.2M	486.1K	24.8K	23.5K
Total Liab	2.5M	3.2M	4.0M	7.7M	7.9M	4.6M
Net Invested Capital	9.0M	11.2M	13.1M	16.2M	30.9M	32.5M
Total Current Assets	8.0M	10.8M	13.0M	12.1M	24.8M	12.8M
Accumulated Other Comprehensive Income	588.6K	1.2M	1.5M	557.0K	226.8K	215.5K
Net Working Capital	6.1M	8.4M	10.2M	7.9M	21.4M	22.5M
Property Plant Equipment	1.2M	847.9K	504.2K	156.8K	141.1K	134.0K
Non Currrent Assets Other	2.6M	3.1M	4.0M	7.7M	1.2M	1.2M

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