Heroux Retained Earnings vs Net Debt Analysis

HRX Stock

CAD 31.73 0.22 0.70%

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

Retained Earnings vs Net Debt

Retained Earnings vs Net Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Heroux Devtek Retained Earnings account and Net Debt. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between Heroux Devtek's Retained Earnings and Net Debt is 0.49. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Net Debt in the same time period over historical financial statements of Heroux Devtek, assuming nothing else is changed. The correlation between historical values of Heroux Devtek's Retained Earnings 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 Retained Earnings of Heroux Devtek 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 Retained Earnings i.e., Heroux Devtek's Retained Earnings and Net Debt go up and down completely randomly.

Correlation Coefficient

0.49

Relationship Direction	Positive
Relationship Strength	Weak

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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.

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

As of the 29th of November 2024, Enterprise Value is likely to grow to about 872.7 M, while Selling General Administrative is likely to drop about 29.7 M.

	2021	2022	2023	2024 (projected)
Gross Profit	91.1M	73.5M	111.1M	63.1M
Total Revenue	536.1M	543.6M	629.8M	373.2M

Gross Profit Total Revenue

Heroux Devtek 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	Retained Earnings	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	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Intangible Assets	Current Deferred Revenue	Good Will
Total Assets		0.93	0.79	0.94	0.94	0.93	0.74	0.91	0.89	0.12	0.96	-0.19	0.12	0.72	0.8	0.93	0.68	0.69	-0.27	0.97	0.66	0.94	0.38	0.85	0.4	0.81
Short Long Term Debt Total	0.93		0.72	0.86	0.77	0.88	0.81	0.74	0.83	0.12	0.92	-0.02	0.12	0.65	0.65	0.99	0.6	0.76	-0.32	0.97	0.58	0.84	0.51	0.82	0.31	0.83
Other Current Liab	0.79	0.72		0.77	0.72	0.69	0.57	0.71	0.64	0.09	0.8	-0.02	0.09	0.55	0.79	0.74	0.47	0.53	-0.2	0.78	0.4	0.7	0.28	0.86	0.23	0.67
Total Current Liabilities	0.94	0.86	0.77		0.82	0.82	0.78	0.78	0.96	-0.07	0.87	-0.32	-0.07	0.77	0.62	0.87	0.77	0.6	-0.22	0.96	0.74	0.93	0.53	0.79	0.55	0.75
Total Stockholder Equity	0.94	0.77	0.72	0.82		0.89	0.55	0.97	0.76	0.2	0.9	-0.19	0.2	0.64	0.89	0.77	0.59	0.56	-0.25	0.81	0.6	0.88	0.12	0.77	0.29	0.74
Property Plant And Equipment Net	0.93	0.88	0.69	0.82	0.89		0.72	0.8	0.78	0.1	0.95	-0.13	0.1	0.61	0.79	0.88	0.59	0.83	-0.21	0.88	0.59	0.8	0.36	0.72	0.34	0.77
Net Debt	0.74	0.81	0.57	0.78	0.55	0.72		0.49	0.82	-0.41	0.77	-0.1	-0.41	0.83	0.42	0.79	0.81	0.71	-0.14	0.81	0.7	0.63	0.72	0.72	0.49	0.8
Retained Earnings	0.91	0.74	0.71	0.78	0.97	0.8	0.49		0.73	0.25	0.86	-0.19	0.25	0.58	0.87	0.74	0.53	0.48	-0.29	0.78	0.52	0.86	0.05	0.81	0.16	0.73
Accounts Payable	0.89	0.83	0.64	0.96	0.76	0.78	0.82	0.73		-0.18	0.83	-0.4	-0.18	0.79	0.54	0.83	0.79	0.59	-0.28	0.92	0.75	0.87	0.55	0.74	0.53	0.77
Cash	0.12	0.12	0.09	-0.07	0.2	0.1	-0.41	0.25	-0.18		0.03	0.26	1.0	-0.22	0.35	0.14	-0.26	-0.03	-0.3	0.05	-0.11	0.2	-0.41	-0.07	-0.19	-0.16
Non Current Assets Total	0.96	0.92	0.8	0.87	0.9	0.95	0.77	0.86	0.83	0.03		-0.12	0.03	0.65	0.8	0.91	0.58	0.73	-0.24	0.92	0.55	0.81	0.35	0.88	0.25	0.91
Non Currrent Assets Other	-0.19	-0.02	-0.02	-0.32	-0.19	-0.13	-0.1	-0.19	-0.4	0.26	-0.12		0.26	-0.12	-0.04	-0.04	-0.25	0.12	-0.09	-0.17	-0.31	-0.24	-0.05	-0.11	-0.3	-0.1
Cash And Short Term Investments	0.12	0.12	0.09	-0.07	0.2	0.1	-0.41	0.25	-0.18	1.0	0.03	0.26		-0.22	0.35	0.14	-0.26	-0.03	-0.3	0.05	-0.11	0.2	-0.41	-0.07	-0.19	-0.16
Net Receivables	0.72	0.65	0.55	0.77	0.64	0.61	0.83	0.58	0.79	-0.22	0.65	-0.12	-0.22		0.54	0.64	0.96	0.51	-0.19	0.72	0.87	0.73	0.58	0.59	0.7	0.62
Common Stock Shares Outstanding	0.8	0.65	0.79	0.62	0.89	0.79	0.42	0.87	0.54	0.35	0.8	-0.04	0.35	0.54		0.68	0.47	0.58	-0.21	0.68	0.41	0.72	-0.01	0.74	0.2	0.59
Non Current Liabilities Total	0.93	0.99	0.74	0.87	0.77	0.88	0.79	0.74	0.83	0.14	0.91	-0.04	0.14	0.64	0.68		0.6	0.78	-0.28	0.97	0.55	0.86	0.51	0.83	0.35	0.79
Inventory	0.68	0.6	0.47	0.77	0.59	0.59	0.81	0.53	0.79	-0.26	0.58	-0.25	-0.26	0.96	0.47	0.6		0.52	-0.11	0.7	0.9	0.73	0.6	0.52	0.76	0.51
Other Current Assets	0.69	0.76	0.53	0.6	0.56	0.83	0.71	0.48	0.59	-0.03	0.73	0.12	-0.03	0.51	0.58	0.78	0.52		-0.05	0.73	0.37	0.57	0.54	0.56	0.29	0.53
Other Stockholder Equity	-0.27	-0.32	-0.2	-0.22	-0.25	-0.21	-0.14	-0.29	-0.28	-0.3	-0.24	-0.09	-0.3	-0.19	-0.21	-0.28	-0.11	-0.05		-0.27	-0.33	-0.28	-0.03	-0.15	0.13	-0.22
Total Liab	0.97	0.97	0.78	0.96	0.81	0.88	0.81	0.78	0.92	0.05	0.92	-0.17	0.05	0.72	0.68	0.97	0.7	0.73	-0.27		0.66	0.92	0.54	0.84	0.45	0.8
Property Plant And Equipment Gross	0.66	0.58	0.4	0.74	0.6	0.59	0.7	0.52	0.75	-0.11	0.55	-0.31	-0.11	0.87	0.41	0.55	0.9	0.37	-0.33	0.66		0.73	0.57	0.39	0.7	0.48
Total Current Assets	0.94	0.84	0.7	0.93	0.88	0.8	0.63	0.86	0.87	0.2	0.81	-0.24	0.2	0.73	0.72	0.86	0.73	0.57	-0.28	0.92	0.73		0.38	0.73	0.53	0.62
Short Term Debt	0.38	0.51	0.28	0.53	0.12	0.36	0.72	0.05	0.55	-0.41	0.35	-0.05	-0.41	0.58	-0.01	0.51	0.6	0.54	-0.03	0.54	0.57	0.38		0.31	0.55	0.36
Intangible Assets	0.85	0.82	0.86	0.79	0.77	0.72	0.72	0.81	0.74	-0.07	0.88	-0.11	-0.07	0.59	0.74	0.83	0.52	0.56	-0.15	0.84	0.39	0.73	0.31		0.15	0.85
Current Deferred Revenue	0.4	0.31	0.23	0.55	0.29	0.34	0.49	0.16	0.53	-0.19	0.25	-0.3	-0.19	0.7	0.2	0.35	0.76	0.29	0.13	0.45	0.7	0.53	0.55	0.15		0.13
Good Will	0.81	0.83	0.67	0.75	0.74	0.77	0.8	0.73	0.77	-0.16	0.91	-0.1	-0.16	0.62	0.59	0.79	0.51	0.53	-0.22	0.8	0.48	0.62	0.36	0.85	0.13

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Heroux Devtek Account Relationship Matchups

Heroux Devtek fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	898.8M	853.3M	813.4M	821.3M	911.4M	518.4M
Short Long Term Debt Total	289.6M	250.7M	236.5M	177.9M	218.0M	128.7M
Other Current Liab	82.9M	77.6M	66.6M	63.6M	71.0M	45.8M
Total Current Liabilities	216.6M	193.4M	179.8M	223.9M	240.9M	124.0M
Total Stockholder Equity	347.9M	390.5M	377.3M	390.9M	429.6M	249.7M
Property Plant And Equipment Net	259.6M	227.6M	208.8M	205.5M	200.5M	146.9M
Net Debt	243.8M	155.2M	149.8M	162.9M	208.3M	218.7M
Retained Earnings	255.2M	282.8M	282.5M	289.6M	323.0M	163.3M
Accounts Payable	80.6M	57.5M	71.6M	89.5M	87.0M	53.8M
Cash	45.8M	95.5M	86.7M	15.0M	9.8M	9.3M
Non Current Assets Total	476.8M	418.5M	397.9M	391.8M	403.6M	252.7M
Non Currrent Assets Other	9.1M	12.6M	18.5M	(350.7M)	7.8M	8.2M
Cash And Short Term Investments	45.8M	95.5M	86.7M	15.0M	9.8M	9.3M
Net Receivables	112.6M	111.7M	117.8M	120.4M	163.5M	171.7M
Common Stock Shares Outstanding	36.4M	36.5M	36.0M	34.5M	34.0M	32.1M
Liabilities And Stockholders Equity	898.8M	853.3M	813.4M	821.3M	911.4M	518.4M
Non Current Liabilities Total	332.8M	268.2M	256.3M	206.5M	240.8M	144.5M
Inventory	241.1M	216.4M	200.3M	263.0M	323.4M	339.5M
Other Current Assets	22.5M	11.2M	10.6M	7.8M	11.2M	10.6M
Other Stockholder Equity	5.8M	5.1M	(364.7M)	6.7M	8.2M	7.8M
Total Liab	549.4M	461.6M	436.1M	430.4M	481.8M	268.4M
Property Plant And Equipment Gross	259.6M	478.9M	447.7M	477.4M	500.3M	525.3M
Total Current Assets	422.1M	434.8M	415.5M	429.5M	507.8M	265.7M
Accumulated Other Comprehensive Income	7.2M	16.3M	6.9M	12.1M	17.0M	17.9M
Short Term Debt	16.9M	15.3M	10.8M	11.4M	16.3M	17.1M
Intangible Assets	64.0M	52.0M	47.3M	53.7M	60.6M	34.9M
Current Deferred Revenue	34.9M	40.9M	29.9M	58.9M	64.5M	67.7M
Good Will	120.8M	116.0M	108.2M	112.4M	113.7M	86.1M
Common Stock	79.8M	86.2M	82.2M	82.5M	81.4M	77.9M
Other Liab	37.4M	58.8M	33.8M	30.6M	35.1M	33.9M
Net Tangible Assets	157.5M	175.7M	233.3M	233.6M	268.7M	224.9M
Other Assets	41.4M	33.4M	37.0M	14.5M	13.0M	12.4M
Long Term Debt	228.1M	235.4M	225.7M	166.5M	201.8M	187.5M
Deferred Long Term Liab	13.9M	12.5M	10.8M	11.9M	10.7M	15.8M
Short Long Term Debt	16.9M	15.3M	10.8M	11.4M	16.3M	18.9M
Property Plant Equipment	259.6M	227.6M	208.8M	205.5M	236.3M	212.2M
Long Term Debt Total	272.8M	235.4M	225.7M	166.5M	191.5M	211.5M
Capital Surpluse	5.8M	5.1M	5.8M	6.7M	7.7M	5.4M

Other Information on Investing in Heroux Stock

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

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Heroux Retained Earnings vs Net Debt Analysis

Retained Earnings vs Net Debt

Retained Earnings vs Net Debt Correlation Analysis

Correlation Coefficient

Retained Earnings

Net Debt

Heroux Devtek fundamental ratios Correlations

Heroux Devtek Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Heroux Devtek fundamental ratios Accounts

Other Information on Investing in Heroux Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cash And Short Term Investments	+ 1.0	Cash
Non Current Liabilities Total	+ 0.99	Short Long Term Debt Total
Total Liab	+ 0.97	Total Assets
Total Liab	+ 0.97	Short Long Term Debt Total
Retained Earnings	+ 0.97	Total Stockholder Equity
Total Liab	+ 0.97	Non Current Liabilities Total

Short Term Debt	- 0.41	Cash And Short Term Investments
Short Term Debt	- 0.41	Cash
Cash And Short Term Investments	- 0.41	Net Debt
Cash	- 0.41	Net Debt
Non Currrent Assets Other	- 0.4	Accounts Payable
Property Plant And Equipment Gross	- 0.33	Other Stockholder Equity