Himalaya Historical Balance Sheet
| HSHP Stock | 6.91 0.24 3.36% |
Trend analysis of Himalaya Shipping balance sheet accounts such as Total Current Liabilities of 19.1 M or Total Stockholder Equity of 123.3 M provides information on Himalaya Shipping's total assets, liabilities, and equity, which is the actual value of Himalaya Shipping to its prevalent stockholders. By breaking down trends over time using Himalaya Shipping balance sheet statements, investors will see what precisely the company owns and what it owes to creditors or other parties at the end of each accounting year.
Financial Statement Analysis is much more than just reviewing and examining Himalaya Shipping latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Himalaya Shipping is a good buy for the upcoming year.
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About Himalaya Balance Sheet Analysis
Balance Sheet is a snapshot of the financial position of Himalaya Shipping at a specified time, usually calculated after every quarter, six months, or one year. Himalaya Shipping Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Himalaya Shipping 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 Himalaya currently owns. An asset can also be divided into two categories, current and non-current.
Himalaya Shipping Balance Sheet Chart
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Total Assets
Total assets refers to the total amount of Himalaya Shipping assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Himalaya Shipping books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.Total Current Liabilities
Total Current Liabilities is an item on Himalaya Shipping balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Himalaya Shipping are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.Total Stockholder Equity
The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.Net Tangible Assets
The total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company.Total Current Assets
The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.Most accounts from Himalaya Shipping's balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts one by one will only give a small insight into Himalaya Shipping current financial condition. On the other hand, looking into the entire matrix of balance sheet accounts, 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 Himalaya Shipping. 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. To learn how to invest in Himalaya Stock, please use our How to Invest in Himalaya Shipping guide.
| 2010 | 2022 | 2023 | 2024 (projected) | Total Stockholder Equity | 91.8M | 90.7M | 153.7M | 123.3M | Total Current Liabilities | 799.0K | 26.1M | 25.3M | 19.1M |
Himalaya Shipping balance sheet Correlations
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Himalaya Shipping Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Pair Trading with Himalaya Shipping
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 Himalaya Shipping 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 Himalaya Shipping will appreciate offsetting losses from the drop in the long position's value.Moving together with Himalaya Stock
Moving against Himalaya Stock
The ability to find closely correlated positions to Himalaya Shipping could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Himalaya Shipping 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 Himalaya Shipping - 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 Himalaya Shipping to buy it.
The correlation of Himalaya Shipping 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 Himalaya Shipping moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Himalaya Shipping 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 Himalaya Shipping 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.Additional Tools for Himalaya Stock Analysis
When running Himalaya Shipping's price analysis, check to measure Himalaya Shipping's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Himalaya Shipping is operating at the current time. Most of Himalaya Shipping's value examination focuses on studying past and present price action to predict the probability of Himalaya Shipping's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Himalaya Shipping's price. Additionally, you may evaluate how the addition of Himalaya Shipping to your portfolios can decrease your overall portfolio volatility.