Hargreaves Non Currrent Assets Other vs Other Current Liab Analysis

HSP Stock   550.00  2.00  0.36%   
Hargreaves Services financial indicator trend analysis is much more than just examining Hargreaves Services Plc latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Hargreaves Services Plc is a good investment. Please check the relationship between Hargreaves Services Non Currrent Assets Other and its Other Current Liab accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Hargreaves Services Plc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

Non Currrent Assets Other vs Other Current Liab

Non Currrent Assets Other vs Other Current Liab Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Hargreaves Services Plc Non Currrent Assets Other account and Other Current Liab. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Hargreaves Services' Non Currrent Assets Other and Other Current Liab is -0.14. Overlapping area represents the amount of variation of Non Currrent Assets Other that can explain the historical movement of Other Current Liab in the same time period over historical financial statements of Hargreaves Services Plc, assuming nothing else is changed. The correlation between historical values of Hargreaves Services' Non Currrent Assets Other and Other Current Liab is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Non Currrent Assets Other of Hargreaves Services Plc are associated (or correlated) with its Other Current Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Liab has no effect on the direction of Non Currrent Assets Other i.e., Hargreaves Services' Non Currrent Assets Other and Other Current Liab go up and down completely randomly.

Correlation Coefficient

-0.14
Relationship DirectionNegative 
Relationship StrengthInsignificant

Non Currrent Assets Other

Assets that are not physical or tangible, expected to provide value for more than one year, and not easily converted into cash, such as long-term investments or patents.

Other Current Liab

Most indicators from Hargreaves Services' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Hargreaves Services Plc 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 Hargreaves Services Plc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.
At present, Hargreaves Services' Tax Provision is projected to increase significantly based on the last few years of reporting.
 2021 2022 2023 2024 (projected)
Interest Expense563K2.4M2.7M2.8M
Depreciation And Amortization7.1M14.7M16.4M15.1M

Hargreaves Services fundamental ratios Correlations

0.790.590.850.60.83-0.430.670.550.710.770.6-0.240.770.780.030.580.720.830.730.90.870.720.920.510.17
0.790.430.880.020.76-0.680.950.060.940.790.17-0.320.790.89-0.360.020.930.910.830.690.970.530.890.60.11
0.590.430.770.280.5-0.710.310.090.490.530.02-0.140.530.520.010.470.150.390.450.570.570.240.680.64-0.15
0.850.880.770.20.75-0.780.750.150.860.840.18-0.160.840.85-0.220.290.690.820.80.810.920.520.950.790.09
0.60.020.280.20.330.19-0.070.9-0.060.210.860.030.210.080.510.880.030.220.130.570.140.460.30.090.3
0.830.760.50.750.33-0.450.710.370.730.610.39-0.340.610.86-0.250.320.710.770.60.630.840.80.810.360.0
-0.43-0.68-0.71-0.780.19-0.45-0.590.17-0.8-0.670.20.01-0.67-0.580.370.18-0.46-0.49-0.75-0.43-0.7-0.19-0.63-0.760.13
0.670.950.310.75-0.070.71-0.59-0.010.860.560.12-0.420.560.87-0.41-0.10.90.850.720.520.890.470.770.510.1
0.550.060.090.150.90.370.17-0.01-0.010.190.960.120.190.060.260.610.140.250.230.460.140.530.210.110.4
0.710.940.490.86-0.060.73-0.80.86-0.010.840.04-0.240.840.86-0.42-0.060.870.80.890.660.950.450.860.580.02
0.770.790.530.840.210.61-0.670.560.190.840.2-0.061.00.68-0.150.230.680.760.80.790.840.450.860.60.13
0.60.170.020.180.860.390.20.120.960.040.20.090.20.120.280.570.290.310.290.510.210.570.260.080.38
-0.24-0.32-0.14-0.160.03-0.340.01-0.420.12-0.24-0.060.09-0.06-0.390.09-0.09-0.3-0.420.040.05-0.35-0.09-0.330.180.12
0.770.790.530.840.210.61-0.670.560.190.841.00.2-0.060.68-0.150.230.680.760.80.790.840.450.860.60.13
0.780.890.520.850.080.86-0.580.870.060.860.680.12-0.390.68-0.410.20.810.870.650.710.930.540.890.490.12
0.03-0.360.01-0.220.51-0.250.37-0.410.26-0.42-0.150.280.09-0.15-0.410.52-0.35-0.25-0.270.02-0.280.18-0.12-0.18-0.3
0.580.020.470.290.880.320.18-0.10.61-0.060.230.57-0.090.230.20.52-0.060.24-0.020.610.180.340.40.10.2
0.720.930.150.690.030.71-0.460.90.140.870.680.29-0.30.680.81-0.35-0.060.830.80.620.880.560.760.340.1
0.830.910.390.820.220.77-0.490.850.250.80.760.31-0.420.760.87-0.250.240.830.650.720.910.60.890.570.29
0.730.830.450.80.130.6-0.750.720.230.890.80.290.040.80.65-0.27-0.020.80.650.70.830.450.760.590.04
0.90.690.570.810.570.63-0.430.520.460.660.790.510.050.790.710.020.610.620.720.70.760.520.850.570.32
0.870.970.570.920.140.84-0.70.890.140.950.840.21-0.350.840.93-0.280.180.880.910.830.760.590.960.590.05
0.720.530.240.520.460.8-0.190.470.530.450.450.57-0.090.450.540.180.340.560.60.450.520.590.590.28-0.11
0.920.890.680.950.30.81-0.630.770.210.860.860.26-0.330.860.89-0.120.40.760.890.760.850.960.590.60.07
0.510.60.640.790.090.36-0.760.510.110.580.60.080.180.60.49-0.180.10.340.570.590.570.590.280.60.33
0.170.11-0.150.090.30.00.130.10.40.020.130.380.120.130.12-0.30.20.10.290.040.320.05-0.110.070.33
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Hargreaves Services Account Relationship Matchups

Hargreaves Services fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets237.8M219.7M265.5M305.8M298.9M287.0M
Short Long Term Debt Total46.6M11.8M18.8M40.4M34.2M45.9M
Other Current Liab48.2M47.0M50.6M48.4M37.3M55.4M
Total Current Liabilities92.9M61.5M67.6M73.6M72.6M105.0M
Total Stockholder Equity130.0M144.3M180.1M201.2M192.4M127.5M
Property Plant And Equipment Net31.4M27.6M32M50.7M50.1M45.0M
Current Deferred Revenue(42.5M)(4.3M)4.0M1.4M5.3M5.5M
Net Debt28.1M(16.5M)5.0M18.6M11.5M10.9M
Retained Earnings49.7M65.5M100.5M120.2M111.5M62.8M
Accounts Payable7.5M11.2M9.6M9.5M10.3M9.8M
Cash18.5M28.3M13.8M21.9M22.7M24.7M
Non Current Assets Total73.5M85.2M125.9M167.9M149.5M102.6M
Non Currrent Assets Other(9.4M)(1.9M)5.6M3.7M20.1M21.1M
Cash And Short Term Investments18.5M28.3M13.8M21.9M22.7M24.7M
Good Will11.1M11.0M9.4M4.8M4.3M7.7M
Common Stock Shares Outstanding32.9M33.3M33.3M33.2M33.0M31.9M
Liabilities And Stockholders Equity237.8M219.7M265.5M305.8M298.9M287.0M
Non Current Liabilities Total14.9M13.9M18.0M31.3M34.2M35.3M
Inventory64.0M27.2M30.5M39.3M49.3M43.3M
Other Current Assets65K16.8M60.9M50.0M46.0M41.8M
Other Stockholder Equity74.0M76.6M73.8M74.0M74.0M77.4M
Total Liab107.8M75.4M85.6M104.8M106.8M115.5M
Property Plant And Equipment Gross31.4M27.6M32M50.7M109.6M65.2M
Total Current Assets164.3M134.5M139.6M137.9M149.4M180.7M
Accumulated Other Comprehensive Income3.1M1.6M2.5M3.8M3.5M3.7M
Short Term Debt37.2M3.2M7.3M15.5M18.2M17.3M
Short Term Investments65K2K(9.2M)(14.1M)18.8M19.8M
Net Receivables81.7M34.8M34.5M26.7M31.3M47.0M
Other Liab5.4M5.4M7.0M10.4M9.4M7.5M
Net Tangible Assets120.6M139.5M178.5M195.5M224.8M153.0M
Other Assets17.5M20.6M34.0M37.3M42.9M45.0M
Property Plant Equipment31.4M27.6M32M50.7M45.6M40.8M
Capital Lease Obligations14.6M11.8M18.4M36.4M34.2M19.8M
Net Invested Capital162.0M144.3M183.4M201.2M192.4M190.6M

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Other Information on Investing in Hargreaves Stock

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