Heritage Net Debt vs Asset Turnover Analysis

HRTG Stock

USD 11.29 0.41 3.77%

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

Net Debt vs Asset Turnover

Net Debt vs Asset Turnover Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Heritage Insurance Hldgs Net Debt account and Asset Turnover. At this time, the significance of the direction appears to have strong contrarian relationship.

The correlation between Heritage Insurance's Net Debt and Asset Turnover is -0.62. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Asset Turnover in the same time period over historical financial statements of Heritage Insurance Hldgs, assuming nothing else is changed. The correlation between historical values of Heritage Insurance's Net Debt and Asset Turnover is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Debt of Heritage Insurance Hldgs are associated (or correlated) with its Asset Turnover. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Asset Turnover has no effect on the direction of Net Debt i.e., Heritage Insurance's Net Debt and Asset Turnover go up and down completely randomly.

Correlation Coefficient

-0.62

Relationship Direction	Negative
Relationship Strength	Weak

View All Relationships

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.

Asset Turnover

The ratio of net sales to average total assets, indicating how efficiently a company uses its assets to generate sales.

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

At this time, Heritage Insurance's Tax Provision is most likely to decrease significantly in the upcoming years. The Heritage Insurance's current Issuance Of Capital Stock is estimated to increase to about 25.9 M, while Selling General Administrative is projected to decrease to roughly 64.9 M.

	2021	2022	2023	2024 (projected)
Gross Profit	631.6M	662.5M	735.5M	476.0M
Total Revenue	631.6M	662.5M	737.7M	476.2M

Gross Profit Total Revenue

Heritage Insurance fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Long Term Debt	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Common Stock Shares Outstanding	Short Term Investments	Non Current Liabilities Total	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Common Stock	Property Plant Equipment
Total Assets		0.92	-0.34	0.43	0.71	0.51	0.66	-0.34	0.53	0.87	0.75	0.71	-0.06	0.34	0.85	0.94	0.89	-0.75	-0.37	0.78	0.47	0.99	0.82	0.79	-0.75	0.8
Short Long Term Debt Total	0.92		-0.12	0.49	0.69	0.45	0.71	-0.3	0.47	0.71	0.7	0.69	0.02	0.41	0.79	0.85	0.84	-0.67	-0.52	0.67	0.43	0.9	0.87	0.71	-0.67	0.8
Other Current Liab	-0.34	-0.12		0.55	-0.24	-0.46	0.31	-0.32	-0.46	-0.33	0.0	-0.13	0.64	0.5	-0.52	-0.38	-0.16	0.09	-0.48	-0.71	-0.13	-0.33	-0.1	-0.33	0.09	-0.15
Total Current Liabilities	0.43	0.49	0.55		0.36	0.05	0.74	-0.74	0.07	0.54	0.7	0.68	0.81	0.42	0.09	0.39	0.43	-0.4	-0.61	-0.08	0.01	0.41	0.47	0.5	-0.4	0.53
Total Stockholder Equity	0.71	0.69	-0.24	0.36		0.57	0.29	-0.34	0.91	0.5	0.56	0.66	-0.06	-0.12	0.64	0.83	0.37	-0.77	-0.15	0.74	-0.12	0.59	0.81	0.91	-0.77	0.62
Other Liab	0.51	0.45	-0.46	0.05	0.57		-0.01	-0.08	0.66	0.33	0.39	0.55	-0.13	-0.36	0.68	0.56	0.23	-0.35	-0.01	0.59	-0.25	0.45	0.33	0.67	-0.35	0.37
Property Plant And Equipment Net	0.66	0.71	0.31	0.74	0.29	-0.01		-0.61	-0.08	0.7	0.71	0.46	0.35	0.75	0.28	0.61	0.71	-0.56	-0.67	0.23	0.6	0.7	0.66	0.38	-0.56	0.77
Net Debt	-0.34	-0.3	-0.32	-0.74	-0.34	-0.08	-0.61		-0.08	-0.55	-0.81	-0.5	-0.62	-0.27	0.13	-0.41	-0.29	0.43	0.39	0.04	-0.15	-0.32	-0.45	-0.46	0.43	-0.47
Retained Earnings	0.53	0.47	-0.46	0.07	0.91	0.66	-0.08	-0.08		0.33	0.35	0.56	-0.24	-0.44	0.62	0.66	0.16	-0.56	0.21	0.75	-0.32	0.4	0.6	0.82	-0.56	0.41
Accounts Payable	0.87	0.71	-0.33	0.54	0.5	0.33	0.7	-0.55	0.33		0.83	0.75	0.17	0.27	0.58	0.83	0.8	-0.59	-0.27	0.6	0.49	0.88	0.67	0.72	-0.59	0.79
Cash	0.75	0.7	0.0	0.7	0.56	0.39	0.71	-0.81	0.35	0.83		0.78	0.38	0.31	0.41	0.74	0.7	-0.66	-0.35	0.4	0.31	0.74	0.73	0.71	-0.66	0.76
Non Current Assets Total	0.71	0.69	-0.13	0.68	0.66	0.55	0.46	-0.5	0.56	0.75	0.78		0.47	-0.08	0.58	0.67	0.57	-0.47	-0.25	0.43	-0.1	0.66	0.61	0.88	-0.47	0.7
Non Currrent Assets Other	-0.06	0.02	0.64	0.81	-0.06	-0.13	0.35	-0.62	-0.24	0.17	0.38	0.47		0.14	-0.31	-0.13	0.04	0.07	-0.44	-0.56	-0.26	-0.05	-0.06	0.15	0.07	0.09
Other Assets	0.34	0.41	0.5	0.42	-0.12	-0.36	0.75	-0.27	-0.44	0.27	0.31	-0.08	0.14		0.07	0.19	0.59	-0.31	-0.63	-0.08	0.74	0.41	0.31	-0.18	-0.31	0.25
Long Term Debt	0.85	0.79	-0.52	0.09	0.64	0.68	0.28	0.13	0.62	0.58	0.41	0.58	-0.31	0.07		0.77	0.72	-0.56	-0.15	0.82	0.21	0.84	0.59	0.68	-0.56	0.56
Cash And Short Term Investments	0.94	0.85	-0.38	0.39	0.83	0.56	0.61	-0.41	0.66	0.83	0.74	0.67	-0.13	0.19	0.77		0.7	-0.82	-0.29	0.86	0.35	0.9	0.87	0.86	-0.82	0.84
Net Receivables	0.89	0.84	-0.16	0.43	0.37	0.23	0.71	-0.29	0.16	0.8	0.7	0.57	0.04	0.59	0.72	0.7		-0.56	-0.44	0.52	0.68	0.94	0.64	0.48	-0.56	0.64
Common Stock Total Equity	-0.75	-0.67	0.09	-0.4	-0.77	-0.35	-0.56	0.43	-0.56	-0.59	-0.66	-0.47	0.07	-0.31	-0.56	-0.82	-0.56		0.37	-0.65	-0.25	-0.68	-0.77	-0.68	1.0	-0.66
Common Stock Shares Outstanding	-0.37	-0.52	-0.48	-0.61	-0.15	-0.01	-0.67	0.39	0.21	-0.27	-0.35	-0.25	-0.44	-0.63	-0.15	-0.29	-0.44	0.37		0.08	-0.31	-0.39	-0.34	-0.17	0.37	-0.3
Short Term Investments	0.78	0.67	-0.71	-0.08	0.74	0.59	0.23	0.04	0.75	0.6	0.4	0.43	-0.56	-0.08	0.82	0.86	0.52	-0.65	0.08		0.27	0.73	0.71	0.7	-0.65	0.65
Non Current Liabilities Total	0.47	0.43	-0.13	0.01	-0.12	-0.25	0.6	-0.15	-0.32	0.49	0.31	-0.1	-0.26	0.74	0.21	0.35	0.68	-0.25	-0.31	0.27		0.56	0.35	-0.11	-0.25	0.33
Total Liab	0.99	0.9	-0.33	0.41	0.59	0.45	0.7	-0.32	0.4	0.88	0.74	0.66	-0.05	0.41	0.84	0.9	0.94	-0.68	-0.39	0.73	0.56		0.76	0.7	-0.68	0.77
Property Plant And Equipment Gross	0.82	0.87	-0.1	0.47	0.81	0.33	0.66	-0.45	0.6	0.67	0.73	0.61	-0.06	0.31	0.59	0.87	0.64	-0.77	-0.34	0.71	0.35	0.76		0.74	-0.77	0.84
Total Current Assets	0.79	0.71	-0.33	0.5	0.91	0.67	0.38	-0.46	0.82	0.72	0.71	0.88	0.15	-0.18	0.68	0.86	0.48	-0.68	-0.17	0.7	-0.11	0.7	0.74		-0.68	0.73
Common Stock	-0.75	-0.67	0.09	-0.4	-0.77	-0.35	-0.56	0.43	-0.56	-0.59	-0.66	-0.47	0.07	-0.31	-0.56	-0.82	-0.56	1.0	0.37	-0.65	-0.25	-0.68	-0.77	-0.68		-0.66
Property Plant Equipment	0.8	0.8	-0.15	0.53	0.62	0.37	0.77	-0.47	0.41	0.79	0.76	0.7	0.09	0.25	0.56	0.84	0.64	-0.66	-0.3	0.65	0.33	0.77	0.84	0.73	-0.66

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Heritage Insurance Account Relationship Matchups

Heritage Insurance fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	1.9B	2.1B	2.0B	2.4B	1.4B	1.5B
Short Long Term Debt Total	139.6M	131.0M	151.9M	170.2M	148.2M	142.8M
Other Current Liab	(237.4M)	(261.0M)	(263.3M)	(289.8M)	373.3M	392.0M
Total Current Liabilities	237.4M	261.0M	263.3M	16.8M	583.3M	612.4M
Total Stockholder Equity	448.8M	442.3M	343.1M	131.0M	220.3M	317.9M
Other Liab	13.0M	677.8M	599.6M	229K	263.4K	250.2K
Property Plant And Equipment Net	20.8M	18.7M	45.2M	53.2M	57.7M	60.5M
Net Debt	(139.1M)	(320.0M)	(207.4M)	(110.7M)	(325.1M)	(308.9M)
Retained Earnings	217.3M	219.8M	138.4M	(19.2M)	26.1M	24.8M
Accounts Payable	227.4M	251.0M	263.3M	279.8M	193.7M	149.7M
Cash	268.4M	441.0M	359.3M	280.9M	473.3M	263.2M
Non Current Assets Total	829.1M	796.0M	863.8M	102.8M	740.4M	431.7M
Non Currrent Assets Other	(12.6M)	(18.5M)	(9.4M)	(653.9M)	586.0M	615.3M
Other Assets	(240.8M)	(173.4M)	(264.8M)	1.9B	1.5B	1.6B
Long Term Debt	119.2M	121.0M	120.8M	128.9M	30.1M	28.6M
Cash And Short Term Investments	855.6M	1.0B	1.0B	916.5M	553.2M	730.4M
Net Receivables	495.8M	464.7M	353.1M	909.9M	586.8M	348.0M
Common Stock Shares Outstanding	29.2M	28.0M	27.8M	26.3M	26.3M	22.3M
Short Term Investments	587.3M	561.0M	669.4M	635.6M	89.5M	85.1M
Liabilities And Stockholders Equity	1.9B	2.1B	2.0B	2.4B	1.4B	1.5B
Non Current Liabilities Total	179.3M	179.5M	201.8M	2.2B	609.0M	468.3M
Total Liab	1.5B	1.6B	1.6B	2.3B	1.2B	1.2B
Property Plant And Equipment Gross	18.7M	18.0M	20.8M	18.7M	21.5M	17.0M
Total Current Assets	1.4B	1.5B	1.4B	373.6M	672.2M	855.1M
Property Plant Equipment	27.4M	18.7M	45.2M	25.7M	29.6M	21.6M
Accumulated Other Comprehensive Income	7.3M	6.1M	(4.6M)	(53.6M)	(35.3M)	(33.5M)
Net Tangible Assets	227.7M	227.6M	195.2M	81.5M	73.3M	69.7M
Retained Earnings Total Equity	217.3M	219.8M	138.4M	(19.2M)	(17.3M)	(16.4M)
Capital Surpluse	329.6M	331.9M	332.8M	334.7M	384.9M	311.1M
Other Current Assets	418.4M	629.9M	495.8M	512.1M	672.2M	705.8M
Other Stockholder Equity	224.2M	216.5M	209.2M	203.8M	229.4M	230.8M
Deferred Long Term Liab	7.7M	12.6M	18.5M	9.4M	10.8M	11.8M
Long Term Investments	588.9M	591.8M	697.9M	637.1M	569.4M	570.2M
Treasury Stock	(105.4M)	(115.4M)	(123.6M)	(130.9M)	(117.8M)	(123.7M)
Non Current Liabilities Other	1.3B	1.5B	1.5B	2.1B	2.4B	1.2B
Intangible Assets	68.6M	62.3M	55.9M	49.6M	42.6M	56.2M

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When determining whether Heritage Insurance Hldgs is a strong investment it is important to analyze Heritage Insurance's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Heritage Insurance's future performance. For an informed investment choice regarding Heritage Stock, refer to the following important reports:

How To Invest In Heritage

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Is Heritage Stock a good investment?

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What is Heritage Insurance's Net Worth?

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Largest Property & Casualty Insurance Companies

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Largest Insurance - Property & Casualty Companies

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Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Heritage Insurance Hldgs. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

You can also try the Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.

Is Property & Casualty Insurance space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Heritage Insurance. If investors know Heritage will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Heritage Insurance listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

1.033

Earnings Share

2.03

Revenue Per Share

26.794

Quarterly Revenue Growth

0.099

Return On Assets

0.0194

The market value of Heritage Insurance Hldgs is measured differently than its book value, which is the value of Heritage that is recorded on the company's balance sheet. Investors also form their own opinion of Heritage Insurance's value that differs from its market value or its book value, called intrinsic value, which is Heritage Insurance's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Heritage Insurance's market value can be influenced by many factors that don't directly affect Heritage Insurance's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Heritage Insurance's value and its price as these two are different measures arrived at by different means. Investors typically determine if Heritage Insurance is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Heritage Insurance's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

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Heritage Net Debt vs Asset Turnover Analysis

Net Debt vs Asset Turnover

Net Debt vs Asset Turnover Correlation Analysis

Correlation Coefficient

Net Debt

Asset Turnover

Heritage Insurance fundamental ratios Correlations

Heritage Insurance Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Heritage Insurance fundamental ratios Accounts

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COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Common Stock	+ 1.0	Common Stock Total Equity
Total Liab	+ 0.99	Total Assets
Cash And Short Term Investments	+ 0.94	Total Assets
Total Liab	+ 0.94	Net Receivables
Short Long Term Debt Total	+ 0.92	Total Assets
Retained Earnings	+ 0.91	Total Stockholder Equity

Common Stock	- 0.82	Cash And Short Term Investments
Common Stock Total Equity	- 0.82	Cash And Short Term Investments
Cash	- 0.81	Net Debt
Common Stock	- 0.77	Property Plant And Equipment Gross
Property Plant And Equipment Gross	- 0.77	Common Stock Total Equity
Common Stock	- 0.77	Total Stockholder Equity