Hess Current Deferred Revenue vs Total Current Assets Analysis

HES Stock

USD 137.75 3.27 2.43%

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

Current Deferred Revenue vs Total Current Assets

Current Deferred Revenue vs Total Current Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Hess Current Deferred Revenue account and Total Current Assets. At this time, the significance of the direction appears to have pay attention.

The correlation between Hess' Current Deferred Revenue and Total Current Assets is -0.85. Overlapping area represents the amount of variation of Current Deferred Revenue that can explain the historical movement of Total Current Assets in the same time period over historical financial statements of Hess Corporation, assuming nothing else is changed. The correlation between historical values of Hess' Current Deferred Revenue and Total 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 Current Deferred Revenue of Hess Corporation are associated (or correlated) with its Total Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Assets has no effect on the direction of Current Deferred Revenue i.e., Hess' Current Deferred Revenue and Total Current Assets go up and down completely randomly.

Correlation Coefficient

-0.85

Relationship Direction	Negative
Relationship Strength	Significant

View All Relationships

Current Deferred Revenue

Revenue that has been collected but not yet earned, typically from prepaid service contracts or subscriptions. This amount is considered a liability until the service is provided or the subscription period ends.

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

At this time, Hess' Tax Provision is comparatively stable compared to the past year. Sales General And Administrative To Revenue is likely to gain to 0.06 in 2024, despite the fact that Discontinued Operations is likely to grow to (41 M).

	2021	2022	2023	2024 (projected)
Total Operating Expenses	2.5B	3.9B	527M	500.7M
Cost Of Revenue	2.9B	3.4B	7.1B	11.1B

Total Operating Expenses Cost Of Revenue

Hess 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	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	Total Current Assets	Short Term Debt	Accounts Payable	Common Stock	Current Deferred Revenue	Common Stock Total Equity	Property Plant And Equipment Gross
Total Assets		0.13	0.84	0.81	0.97	0.97	0.15	0.91	-0.03	0.99	0.18	-0.03	0.78	0.73	0.8	0.33	0.84	-0.32	0.91	0.87	-0.01	0.71	0.32	-0.76	0.62	0.4
Short Long Term Debt Total	0.13		-0.07	-0.06	-0.07	0.21	0.82	-0.24	0.33	0.17	0.11	0.33	-0.06	0.36	0.67	-0.54	-0.02	0.34	0.38	-0.06	0.19	-0.14	-0.12	0.08	0.78	0.4
Other Current Liab	0.84	-0.07		0.98	0.78	0.72	0.19	0.78	-0.43	0.8	-0.12	-0.43	0.97	0.73	0.59	0.7	0.96	-0.64	0.87	0.89	0.1	0.94	0.59	-0.96	0.4	0.27
Total Current Liabilities	0.81	-0.06	0.98		0.74	0.68	0.21	0.72	-0.44	0.77	-0.12	-0.44	0.98	0.77	0.57	0.67	0.92	-0.58	0.86	0.89	0.24	0.93	0.54	-0.95	0.39	0.36
Total Stockholder Equity	0.97	-0.07	0.78	0.74		0.95	-0.08	0.97	0.01	0.96	0.23	0.01	0.7	0.59	0.65	0.35	0.77	-0.29	0.78	0.85	-0.09	0.64	0.24	-0.68	0.45	0.3
Property Plant And Equipment Net	0.97	0.21	0.72	0.68	0.95		0.17	0.88	0.07	0.99	0.25	0.07	0.64	0.64	0.83	0.18	0.73	-0.2	0.86	0.76	-0.09	0.57	0.21	-0.63	0.66	0.38
Net Debt	0.15	0.82	0.19	0.21	-0.08	0.17		-0.19	-0.27	0.19	-0.03	-0.27	0.23	0.39	0.63	-0.12	0.18	0.05	0.5	-0.03	0.22	0.15	0.1	-0.19	0.6	0.43
Retained Earnings	0.91	-0.24	0.78	0.72	0.97	0.88	-0.19		-0.09	0.9	0.19	-0.09	0.68	0.45	0.52	0.49	0.78	-0.38	0.69	0.81	-0.18	0.66	0.27	-0.68	0.28	0.15
Cash	-0.03	0.33	-0.43	-0.44	0.01	0.07	-0.27	-0.09		-0.03	0.23	1.0	-0.47	-0.04	0.08	-0.71	-0.32	0.49	-0.17	-0.04	-0.04	-0.49	-0.37	0.45	0.32	-0.03
Non Current Assets Total	0.99	0.17	0.8	0.77	0.96	0.99	0.19	0.9	-0.03		0.23	-0.03	0.73	0.68	0.83	0.28	0.8	-0.28	0.9	0.81	-0.05	0.65	0.28	-0.71	0.63	0.41
Non Currrent Assets Other	0.18	0.11	-0.12	-0.12	0.23	0.25	-0.03	0.19	0.23	0.23		0.23	-0.19	-0.16	0.19	-0.42	-0.21	0.26	0.06	-0.09	-0.1	-0.36	-0.22	0.29	0.06	0.47
Cash And Short Term Investments	-0.03	0.33	-0.43	-0.44	0.01	0.07	-0.27	-0.09	1.0	-0.03	0.23		-0.47	-0.04	0.08	-0.71	-0.32	0.49	-0.17	-0.04	-0.04	-0.49	-0.37	0.45	0.32	-0.03
Net Receivables	0.78	-0.06	0.97	0.98	0.7	0.64	0.23	0.68	-0.47	0.73	-0.19	-0.47		0.79	0.56	0.67	0.92	-0.66	0.85	0.87	0.17	0.96	0.65	-0.97	0.4	0.33
Common Stock Shares Outstanding	0.73	0.36	0.73	0.77	0.59	0.64	0.39	0.45	-0.04	0.68	-0.16	-0.04	0.79		0.73	0.16	0.71	-0.25	0.85	0.81	0.31	0.67	0.39	-0.73	0.75	0.52
Non Current Liabilities Total	0.8	0.67	0.59	0.57	0.65	0.83	0.63	0.52	0.08	0.83	0.19	0.08	0.56	0.73		-0.03	0.62	-0.11	0.91	0.58	0.02	0.46	0.25	-0.54	0.89	0.52
Inventory	0.33	-0.54	0.7	0.67	0.35	0.18	-0.12	0.49	-0.71	0.28	-0.42	-0.71	0.67	0.16	-0.03		0.66	-0.73	0.32	0.48	-0.01	0.79	0.52	-0.73	-0.27	-0.23
Other Current Assets	0.84	-0.02	0.96	0.92	0.77	0.73	0.18	0.78	-0.32	0.8	-0.21	-0.32	0.92	0.71	0.62	0.66		-0.63	0.86	0.89	-0.05	0.93	0.58	-0.93	0.43	0.11
Other Stockholder Equity	-0.32	0.34	-0.64	-0.58	-0.29	-0.2	0.05	-0.38	0.49	-0.28	0.26	0.49	-0.66	-0.25	-0.11	-0.73	-0.63		-0.36	-0.46	0.33	-0.77	-0.95	0.73	0.0	0.16
Total Liab	0.91	0.38	0.87	0.86	0.78	0.86	0.5	0.69	-0.17	0.9	0.06	-0.17	0.85	0.85	0.91	0.32	0.86	-0.36		0.81	0.13	0.76	0.43	-0.82	0.75	0.51
Total Current Assets	0.87	-0.06	0.89	0.89	0.85	0.76	-0.03	0.81	-0.04	0.81	-0.09	-0.04	0.87	0.81	0.58	0.48	0.89	-0.46	0.81		0.14	0.82	0.44	-0.85	0.48	0.27
Short Term Debt	-0.01	0.19	0.1	0.24	-0.09	-0.09	0.22	-0.18	-0.04	-0.05	-0.1	-0.04	0.17	0.31	0.02	-0.01	-0.05	0.33	0.13	0.14		0.04	-0.28	-0.09	0.11	0.49
Accounts Payable	0.71	-0.14	0.94	0.93	0.64	0.57	0.15	0.66	-0.49	0.65	-0.36	-0.49	0.96	0.67	0.46	0.79	0.93	-0.77	0.76	0.82	0.04		0.73	-0.98	0.32	0.1
Common Stock	0.32	-0.12	0.59	0.54	0.24	0.21	0.1	0.27	-0.37	0.28	-0.22	-0.37	0.65	0.39	0.25	0.52	0.58	-0.95	0.43	0.44	-0.28	0.73		-0.71	0.21	0.0
Current Deferred Revenue	-0.76	0.08	-0.96	-0.95	-0.68	-0.63	-0.19	-0.68	0.45	-0.71	0.29	0.45	-0.97	-0.73	-0.54	-0.73	-0.93	0.73	-0.82	-0.85	-0.09	-0.98	-0.71		-0.4	-0.18
Common Stock Total Equity	0.62	0.78	0.4	0.39	0.45	0.66	0.6	0.28	0.32	0.63	0.06	0.32	0.4	0.75	0.89	-0.27	0.43	0.0	0.75	0.48	0.11	0.32	0.21	-0.4		0.47
Property Plant And Equipment Gross	0.4	0.4	0.27	0.36	0.3	0.38	0.43	0.15	-0.03	0.41	0.47	-0.03	0.33	0.52	0.52	-0.23	0.11	0.16	0.51	0.27	0.49	0.1	0.0	-0.18	0.47

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Hess Account Relationship Matchups

Hess fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	21.8B	18.8B	20.5B	21.7B	24.0B	20.3B
Short Long Term Debt Total	7.9B	9.1B	9.1B	9.2B	9.6B	5.1B
Other Current Liab	2.3B	1.5B	2.5B	1.6B	2.6B	2.3B
Total Current Liabilities	2.5B	1.6B	3.1B	2.3B	3.3B	3.8B
Total Stockholder Equity	8.7B	5.4B	6.3B	8.0B	9.0B	8.8B
Property Plant And Equipment Net	17.6B	14.7B	14.7B	15.8B	18.3B	13.4B
Net Debt	6.4B	7.3B	6.4B	6.7B	7.9B	4.1B
Retained Earnings	3.5B	130M	379M	1.5B	2.3B	2.2B
Cash	1.5B	1.7B	2.7B	2.5B	1.7B	1.1B
Non Current Assets Total	18.6B	15.7B	16.2B	17.8B	20.6B	15.8B
Non Currrent Assets Other	1.1B	1.0B	1.5B	1.5B	2.3B	2.4B
Cash And Short Term Investments	1.5B	1.7B	2.7B	2.5B	1.7B	1.1B
Net Receivables	1.2B	860M	1.2B	1.2B	1.3B	2.1B
Common Stock Shares Outstanding	301.2M	304.8M	309.3M	309.6M	307.6M	318.7M
Liabilities And Stockholders Equity	21.8B	18.8B	20.5B	21.7B	24.0B	20.3B
Non Current Liabilities Total	9.6B	10.9B	10.4B	10.8B	11.1B	7.5B
Inventory	261M	378M	223M	217M	304M	288.8M
Other Current Assets	1.6B	1.3B	1.6B	1.4B	108M	102.6M
Other Stockholder Equity	5.6B	5.7B	6.0B	6.3B	6.5B	6.8B
Total Liab	12.1B	12.5B	13.5B	13.1B	14.4B	11.3B
Total Current Assets	3.2B	3.1B	4.3B	3.9B	3.4B	4.5B
Short Term Debt	199M	91M	606M	224M	681M	715.1M
Accounts Payable	411M	200M	220M	285M	402M	381.9M
Accumulated Other Comprehensive Income	(699M)	(755M)	(406M)	(131M)	(134M)	(140.7M)
Common Stock	291M	305M	307M	310M	306M	291.7M
Current Deferred Revenue	(411M)	(200M)	(220M)	133M	(402M)	(422.1M)
Common Stock Total Equity	305M	307M	310M	306M	351.9M	241.0M
Property Plant And Equipment Gross	17.6B	14.7B	31.2B	32.6B	37.6B	39.5B
Other Liab	1.8B	1.9B	1.9B	1.9B	2.2B	2.4B
Other Assets	705M	1.3B	1.5B	2.0B	2.3B	1.8B
Long Term Debt	7.1B	8.3B	7.9B	8.3B	8.3B	6.2B
Property Plant Equipment	16.8B	14.1B	14.7B	15.8B	18.2B	18.2B
Noncontrolling Interest In Consolidated Entity	974M	969M	726M	641M	737.2M	656.5M
Retained Earnings Total Equity	3.5B	130M	379M	1.5B	1.3B	1.3B
Deferred Long Term Liab	415M	342M	383M	418M	376.2M	357.4M

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