Hut Total Stockholder Equity vs Retained Earnings Analysis

HUT Stock

USD 25.32 0.28 1.12%

Hut 8 financial indicator trend analysis is much more than just examining Hut 8 Corp latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Hut 8 Corp is a good investment. Please check the relationship between Hut 8 Total Stockholder Equity and its Retained Earnings accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Hut 8 Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment.

Total Stockholder Equity vs Retained Earnings

Total Stockholder Equity vs Retained Earnings Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Hut 8 Corp Total Stockholder Equity account and Retained Earnings. At this time, the significance of the direction appears to have strong contrarian relationship.

The correlation between Hut 8's Total Stockholder Equity and Retained Earnings is -0.59. Overlapping area represents the amount of variation of Total Stockholder Equity that can explain the historical movement of Retained Earnings in the same time period over historical financial statements of Hut 8 Corp, assuming nothing else is changed. The correlation between historical values of Hut 8's Total Stockholder Equity and Retained Earnings is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Stockholder Equity of Hut 8 Corp are associated (or correlated) with its Retained Earnings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Retained Earnings has no effect on the direction of Total Stockholder Equity i.e., Hut 8's Total Stockholder Equity and Retained Earnings go up and down completely randomly.

Correlation Coefficient

-0.59

Relationship Direction	Negative
Relationship Strength	Very Weak

View All Relationships

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.

Retained Earnings

The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.

Most indicators from Hut 8's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Hut 8 Corp 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 Hut 8 Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment.

At this time, Hut 8's Selling General Administrative is comparatively stable compared to the past year. Sales General And Administrative To Revenue is likely to gain to 1.20 in 2024, despite the fact that Tax Provision is likely to grow to (1.4 M).

	2021	2022	2023	2024 (projected)
Reconciled Depreciation	23.3M	94.5M	17.7M	16.8M
Cost Of Revenue	85.0M	175.6M	60.6M	98.2M

Reconciled Depreciation Cost Of Revenue

Hut 8 fundamental ratios Correlations

	Total Assets	Total Stockholder Equity	Net Debt	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Total Current Assets	Common Stock	Common Stock Total Equity	Common Stock Shares Outstanding	Total Liab	Other Current Liab	Total Current Liabilities	Retained Earnings	Net Receivables	Other Stockholder Equity	Net Invested Capital	Net Working Capital	Net Tangible Assets	Accounts Payable	Other Assets	Property Plant Equipment	Short Long Term Debt Total	Property Plant And Equipment Net	Long Term Debt
Total Assets		0.99	0.66	0.71	0.94	0.86	0.75	0.56	0.3	0.71	0.74	0.96	0.42	0.91	-0.52	0.9	0.79	0.82	0.78	0.81	0.72	0.62	0.94	0.86	0.84	-0.79
Total Stockholder Equity	0.99		0.58	0.76	0.9	0.8	0.8	0.65	0.4	0.71	0.73	0.93	0.33	0.86	-0.59	0.86	0.71	0.88	0.84	0.86	0.66	0.68	0.95	0.8	0.87	-0.79
Net Debt	0.66	0.58		-0.05	0.87	0.92	0.01	-0.23	-0.33	0.47	0.52	0.8	0.94	0.91	-0.14	0.9	0.95	0.19	0.08	0.14	0.78	-0.16	0.65	0.93	0.23	-0.64
Cash	0.71	0.76	-0.05		0.45	0.3	1.0	0.92	0.63	0.49	0.47	0.55	-0.33	0.37	-0.47	0.35	0.18	0.89	0.94	0.91	0.26	0.99	0.61	0.29	0.89	-0.38
Non Current Assets Total	0.94	0.9	0.87	0.45		0.98	0.5	0.24	0.0	0.63	0.67	0.99	0.69	0.99	-0.34	0.97	0.95	0.6	0.54	0.57	0.83	0.35	0.88	0.98	0.66	-0.75
Non Currrent Assets Other	0.86	0.8	0.92	0.3	0.98		0.36	0.07	-0.18	0.51	0.56	0.95	0.78	0.98	-0.2	0.96	0.99	0.45	0.39	0.43	0.83	0.2	0.79	1.0	0.54	-0.69
Cash And Short Term Investments	0.75	0.8	0.01	1.0	0.5	0.36		0.9	0.6	0.51	0.49	0.6	-0.27	0.42	-0.47	0.4	0.24	0.9	0.94	0.92	0.31	0.98	0.65	0.35	0.91	-0.41
Total Current Assets	0.56	0.65	-0.23	0.92	0.24	0.07	0.9		0.85	0.51	0.48	0.34	-0.48	0.19	-0.66	0.19	-0.07	0.89	0.93	0.9	0.03	0.92	0.54	0.07	0.79	-0.4
Common Stock	0.3	0.4	-0.33	0.63	0.0	-0.18	0.6	0.85		0.48	0.46	0.06	-0.48	-0.03	-0.86	0.05	-0.31	0.71	0.7	0.69	-0.14	0.63	0.44	-0.17	0.53	-0.42
Common Stock Total Equity	0.71	0.71	0.47	0.49	0.63	0.51	0.51	0.51	0.48		0.98	0.68	0.23	0.65	-0.69	0.67	0.44	0.7	0.57	0.6	0.46	0.42	0.73	0.5	0.49	-0.73
Common Stock Shares Outstanding	0.74	0.73	0.52	0.47	0.67	0.56	0.49	0.48	0.46	0.98		0.71	0.31	0.69	-0.72	0.73	0.49	0.7	0.57	0.6	0.44	0.39	0.77	0.55	0.49	-0.82
Total Liab	0.96	0.93	0.8	0.55	0.99	0.95	0.6	0.34	0.06	0.68	0.71		0.59	0.97	-0.36	0.95	0.91	0.67	0.61	0.64	0.82	0.45	0.89	0.95	0.72	-0.73
Other Current Liab	0.42	0.33	0.94	-0.33	0.69	0.78	-0.27	-0.48	-0.48	0.23	0.31	0.59		0.73	-0.01	0.75	0.84	-0.08	-0.19	-0.12	0.66	-0.43	0.45	0.79	0.0	-0.51
Total Current Liabilities	0.91	0.86	0.91	0.37	0.99	0.98	0.42	0.19	-0.03	0.65	0.69	0.97	0.73		-0.35	0.98	0.95	0.56	0.48	0.52	0.84	0.26	0.87	0.98	0.58	-0.76
Retained Earnings	-0.52	-0.59	-0.14	-0.47	-0.34	-0.2	-0.47	-0.66	-0.86	-0.69	-0.72	-0.36	-0.01	-0.35		-0.46	-0.09	-0.72	-0.64	-0.67	-0.2	-0.42	-0.72	-0.21	-0.53	0.76
Net Receivables	0.9	0.86	0.9	0.35	0.97	0.96	0.4	0.19	0.05	0.67	0.73	0.95	0.75	0.98	-0.46		0.93	0.56	0.47	0.52	0.82	0.24	0.9	0.96	0.58	-0.84
Other Stockholder Equity	0.79	0.71	0.95	0.18	0.95	0.99	0.24	-0.07	-0.31	0.44	0.49	0.91	0.84	0.95	-0.09	0.93		0.33	0.26	0.3	0.82	0.07	0.71	0.99	0.42	-0.62
Net Invested Capital	0.82	0.88	0.19	0.89	0.6	0.45	0.9	0.89	0.71	0.7	0.7	0.67	-0.08	0.56	-0.72	0.56	0.33		0.98	0.99	0.37	0.85	0.81	0.45	0.93	-0.7
Net Working Capital	0.78	0.84	0.08	0.94	0.54	0.39	0.94	0.93	0.7	0.57	0.57	0.61	-0.19	0.48	-0.64	0.47	0.26	0.98		1.0	0.29	0.91	0.74	0.39	0.94	-0.6
Net Tangible Assets	0.81	0.86	0.14	0.91	0.57	0.43	0.92	0.9	0.69	0.6	0.6	0.64	-0.12	0.52	-0.67	0.52	0.3	0.99	1.0		0.34	0.88	0.78	0.43	0.95	-0.65
Accounts Payable	0.72	0.66	0.78	0.26	0.83	0.83	0.31	0.03	-0.14	0.46	0.44	0.82	0.66	0.84	-0.2	0.82	0.82	0.37	0.29	0.34		0.16	0.73	0.84	0.49	-0.44
Other Assets	0.62	0.68	-0.16	0.99	0.35	0.2	0.98	0.92	0.63	0.42	0.39	0.45	-0.43	0.26	-0.42	0.24	0.07	0.85	0.91	0.88	0.16		0.52	0.19	0.85	-0.29
Property Plant Equipment	0.94	0.95	0.65	0.61	0.88	0.79	0.65	0.54	0.44	0.73	0.77	0.89	0.45	0.87	-0.72	0.9	0.71	0.81	0.74	0.78	0.73	0.52		0.8	0.79	-0.87
Short Long Term Debt Total	0.86	0.8	0.93	0.29	0.98	1.0	0.35	0.07	-0.17	0.5	0.55	0.95	0.79	0.98	-0.21	0.96	0.99	0.45	0.39	0.43	0.84	0.19	0.8		0.54	-0.69
Property Plant And Equipment Net	0.84	0.87	0.23	0.89	0.66	0.54	0.91	0.79	0.53	0.49	0.49	0.72	0.0	0.58	-0.53	0.58	0.42	0.93	0.94	0.95	0.49	0.85	0.79	0.54		-0.59
Long Term Debt	-0.79	-0.79	-0.64	-0.38	-0.75	-0.69	-0.41	-0.4	-0.42	-0.73	-0.82	-0.73	-0.51	-0.76	0.76	-0.84	-0.62	-0.7	-0.6	-0.65	-0.44	-0.29	-0.87	-0.69	-0.59

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Hut 8 Account Relationship Matchups

Hut 8 fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	71.2M	145.2M	720.7M	412.9M	976.9M	1.0B
Total Stockholder Equity	42.7M	115.6M	566.0M	357.4M	643.0M	675.2M
Net Debt	23.1M	22.9M	(99.4M)	16.9M	227.9M	239.3M
Cash	2.9M	2.8M	140.1M	30.5M	40.8M	42.9M
Non Current Assets Total	56.5M	39.9M	252.6M	167.3M	895.6M	940.4M
Non Currrent Assets Other	21.5M	6.0M	45.7M	27.2M	512.6M	538.2M
Cash And Short Term Investments	2.9M	2.8M	140.1M	30.5M	47.4M	49.7M
Total Current Assets	14.7M	105.3M	468.1M	245.6M	81.3M	74.3M
Common Stock	170.6M	178.2M	636.6M	767.6M	1.2M	1.1M
Liabilities And Stockholders Equity	71.2M	145.2M	720.7M	412.9M	976.9M	1.0B
Total Liab	28.5M	29.6M	154.7M	55.5M	333.9M	350.6M
Other Current Liab	1.9M	(3.6M)	(19.4M)	967K	18.2M	19.2M
Total Current Liabilities	8.7M	29.6M	26.1M	30.1M	148.4M	155.8M
Retained Earnings	(134.6M)	(115.5M)	(188.3M)	(431.1M)	(132.2M)	(138.8M)
Accumulated Other Comprehensive Income	(80.2M)	45.7M	103.5M	2.1M	14.2M	9.0M
Non Current Liabilities Total	19.8M	307K	128.7M	31.4M	185.5M	194.7M
Other Stockholder Equity	6.7M	(17.5M)	(84.4M)	(79.8M)	759.8M	797.8M
Net Invested Capital	68.7M	141.0M	606.7M	377.5M	434.1M	230.8M
Net Working Capital	6.0M	75.7M	442.0M	215.5M	247.8M	132.2M
Net Tangible Assets	42.7M	115.6M	566.0M	336.3M	386.7M	207.1M
Accounts Payable	563.9K	3.7M	7.1M	6.0M	19.7M	20.7M
Other Assets	5.8M	1.0	156.5M	27.2M	31.3M	34.9M
Property Plant Equipment	34.9M	32.5M	96.1M	125.0M	143.7M	150.9M
Short Long Term Debt Total	26.0M	25.8M	40.7M	47.4M	268.8M	282.2M
Property Plant And Equipment Net	34.4M	33.3M	206.9M	125.0M	174.9M	116.0M
Other Current Assets	10.5M	75.5M	323.9M	203.6M	29.5M	28.0M
Property Plant And Equipment Gross	34.4M	39.3M	331.7M	457.5M	526.1M	552.4M
Short Long Term Debt	6.2M	25.5M	16.5M	11.9M	13.7M	14.1M
Capital Stock	170.6M	178.2M	636.6M	767.6M	882.8M	926.9M
Short Term Debt	6.2M	25.8M	16.5M	16.2M	87.2M	91.5M

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