Hybrid Other Assets vs Other Current Assets Analysis

HYBRIDFIN   12.52  0.21  1.65%   
Hybrid Financial financial indicator trend analysis is much more than just examining Hybrid Financial Services latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Hybrid Financial Services is a good investment. Please check the relationship between Hybrid Financial Other Assets and its Other Current Assets accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Hybrid Financial Services. 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.

Other Assets vs Other Current Assets

Other Assets vs Other Current Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Hybrid Financial Services Other Assets account and Other Current Assets. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Hybrid Financial's Other Assets and Other Current Assets is -0.67. Overlapping area represents the amount of variation of Other Assets that can explain the historical movement of Other Current Assets in the same time period over historical financial statements of Hybrid Financial Services, assuming nothing else is changed. The correlation between historical values of Hybrid Financial's Other Assets and Other Current Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Assets of Hybrid Financial Services are associated (or correlated) with its Other Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Assets has no effect on the direction of Other Assets i.e., Hybrid Financial's Other Assets and Other Current Assets go up and down completely randomly.

Correlation Coefficient

-0.67
Relationship DirectionNegative 
Relationship StrengthWeak

Other Assets

Other Current Assets

Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.
Most indicators from Hybrid Financial's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Hybrid Financial Services 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 Hybrid Financial Services. 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.
The current Selling General Administrative is estimated to decrease to about 1.8 M
 2021 2022 2023 2024 (projected)
Gross Profit28.9M31.8M34.7M24.5M
Total Revenue43.0M34.4M45.9M37.8M

Hybrid Financial fundamental ratios Correlations

0.390.580.24-0.4-0.07-0.510.160.690.010.670.570.520.50.7-0.540.40.56-0.570.470.54-0.530.210.450.76-0.46
0.390.40.75-0.40.460.39-0.330.74-0.370.75-0.30.730.560.72-0.59-0.320.820.070.20.6-0.540.030.220.55-0.24
0.580.40.05-0.010.26-0.41-0.210.390.030.380.340.410.470.42-0.320.280.16-0.250.150.32-0.03-0.040.030.67-0.28
0.240.750.05-0.470.380.71-0.270.86-0.470.79-0.620.770.710.76-0.39-0.650.860.070.360.71-0.67-0.140.420.44-0.36
-0.4-0.4-0.01-0.47-0.39-0.170.47-0.540.02-0.620.18-0.57-0.48-0.630.430.39-0.470.55-0.73-0.720.56-0.03-0.72-0.52-0.07
-0.070.460.260.38-0.390.39-0.950.32-0.40.35-0.430.540.570.34-0.17-0.310.130.3-0.120.27-0.020.17-0.180.380.4
-0.510.39-0.410.71-0.170.39-0.360.25-0.450.24-0.970.330.280.190.01-0.880.370.430.010.27-0.25-0.230.09-0.150.0
0.16-0.33-0.21-0.270.47-0.95-0.36-0.190.32-0.250.45-0.45-0.46-0.240.170.40.01-0.17-0.01-0.29-0.01-0.120.07-0.35-0.45
0.690.740.390.86-0.540.320.25-0.19-0.380.93-0.170.880.850.93-0.56-0.280.89-0.230.490.82-0.750.010.520.76-0.51
0.01-0.370.03-0.470.02-0.4-0.450.32-0.38-0.50.43-0.59-0.54-0.430.350.33-0.43-0.330.16-0.390.56-0.630.05-0.450.4
0.670.750.380.79-0.620.350.24-0.250.93-0.5-0.180.950.850.99-0.67-0.310.87-0.340.550.89-0.830.20.590.84-0.53
0.57-0.30.34-0.620.18-0.43-0.970.45-0.170.43-0.18-0.32-0.29-0.15-0.020.94-0.24-0.35-0.08-0.30.190.28-0.130.11-0.01
0.520.730.410.77-0.570.540.33-0.450.88-0.590.95-0.320.910.95-0.68-0.410.76-0.250.480.88-0.720.180.50.85-0.46
0.50.560.470.71-0.480.570.28-0.460.85-0.540.85-0.290.910.86-0.43-0.350.65-0.170.390.8-0.640.140.40.81-0.43
0.70.720.420.76-0.630.340.19-0.240.93-0.430.99-0.150.950.86-0.66-0.280.84-0.40.60.89-0.780.140.610.85-0.52
-0.54-0.59-0.32-0.390.43-0.170.010.17-0.560.35-0.67-0.02-0.68-0.43-0.660.13-0.530.39-0.46-0.660.61-0.25-0.47-0.70.42
0.4-0.320.28-0.650.39-0.31-0.880.4-0.280.33-0.310.94-0.41-0.35-0.280.13-0.33-0.03-0.4-0.530.370.34-0.45-0.040.13
0.560.820.160.86-0.470.130.370.010.89-0.430.87-0.240.760.650.84-0.53-0.33-0.130.410.74-0.830.10.490.57-0.54
-0.570.07-0.250.070.550.30.43-0.17-0.23-0.33-0.34-0.35-0.25-0.17-0.40.39-0.03-0.13-0.88-0.550.360.12-0.83-0.460.35
0.470.20.150.36-0.73-0.120.01-0.010.490.160.55-0.080.480.390.6-0.46-0.40.41-0.880.79-0.57-0.30.980.5-0.42
0.540.60.320.71-0.720.270.27-0.290.82-0.390.89-0.30.880.80.89-0.66-0.530.74-0.550.79-0.840.030.820.81-0.56
-0.53-0.54-0.03-0.670.56-0.02-0.25-0.01-0.750.56-0.830.19-0.72-0.64-0.780.610.37-0.830.36-0.57-0.84-0.32-0.69-0.670.66
0.210.03-0.04-0.14-0.030.17-0.23-0.120.01-0.630.20.280.180.140.14-0.250.340.10.12-0.30.03-0.32-0.220.35-0.07
0.450.220.030.42-0.72-0.180.090.070.520.050.59-0.130.50.40.61-0.47-0.450.49-0.830.980.82-0.69-0.220.48-0.5
0.760.550.670.44-0.520.38-0.15-0.350.76-0.450.840.110.850.810.85-0.7-0.040.57-0.460.50.81-0.670.350.48-0.51
-0.46-0.24-0.28-0.36-0.070.40.0-0.45-0.510.4-0.53-0.01-0.46-0.43-0.520.420.13-0.540.35-0.42-0.560.66-0.07-0.5-0.51
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Hybrid Financial Account Relationship Matchups

Hybrid Financial fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets337.9M400.7M396.1M375.2M479.0M317.4M
Total Current Liabilities24.4M20.0M15.4M4.6M8.4M10.6M
Total Stockholder Equity177.5M242.3M242.1M228.1M300.1M234.0M
Property Plant And Equipment Net10.8M10.1M19.2M4.4M3.8M3.6M
Net Debt7.9M5.0M(133.8M)(1.7M)(96.2M)(101.0M)
Retained Earnings(62.4M)(54.4M)(38.1M)(29.0M)(9.6M)(10.1M)
Cash18.4M16.0M154.8M22.7M117.2M67.3M
Non Current Assets Total183.1M244.0M234.8M211.7M292.8M197.6M
Non Currrent Assets Other31.4M35.8M(373.5M)(335.8M)63.6M66.8M
Cash And Short Term Investments145.5M147.1M158.4M163.4M186.2M147.7M
Liabilities And Stockholders Equity337.9M400.7M396.1M375.2M479.0M314.3M
Non Current Liabilities Total136.1M138.5M138.6M142.4M170.4M120.2M
Total Liab160.4M158.4M154.0M147.1M178.8M121.7M
Total Current Assets154.8M156.8M161.3M163.4M205.2M151.4M
Accumulated Other Comprehensive Income92.7M149.5M147.2M109.9M153.0M98.2M
Intangible Assets118K52K33K13K11.7K11.1K
Other Stockholder Equity62.4M54.4M133.0M109.9M162.6M86.9M
Other Current Liab(6.3M)(929K)176K(937K)(20.0M)(19.0M)
Accounts Payable8.3M8.1M5.0M5.6M26.6M28.0M
Net Receivables3.7M2.1M5.7M5.3M18.2M19.1M
Other Current Assets9.3M9.6M801K836K789K749.6K
Short Term Debt5.3M41K10.6M21M12K11.4K
Short Term Investments127.1M131.1M3.6M140.7M69M80.1M

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Other Information on Investing in Hybrid Stock

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