High Net Income vs Interest Income Analysis

HWO Stock

CAD 1.33 0.01 0.76%

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

Net Income vs Interest Income

Net Income vs Interest Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of High Arctic Energy Net Income account and Interest Income. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between High Arctic's Net Income and Interest Income is -0.33. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Interest Income in the same time period over historical financial statements of High Arctic Energy, assuming nothing else is changed. The correlation between historical values of High Arctic's Net Income and Interest Income 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 Income of High Arctic Energy are associated (or correlated) with its Interest Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Interest Income has no effect on the direction of Net Income i.e., High Arctic's Net Income and Interest Income go up and down completely randomly.

Correlation Coefficient

-0.33

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in High Arctic Energy financial statement analysis. It represents the amount of money remaining after all of High Arctic Energy operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

Interest Income

Income earned from the investment of cash or from lending money to others, including interest from bank accounts, bonds, or other interest-bearing investments.

Most indicators from High Arctic's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into High Arctic Energy 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 High Arctic Energy. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.

At this time, High Arctic's Selling General Administrative is very stable compared to the past year. As of the 12th of May 2024, Sales General And Administrative To Revenue is likely to grow to 0.17, though Tax Provision is likely to grow to (3.2 M).

	2021	2022	2023	2024 (projected)
Interest Expense	670K	1.4M	368K	349.6K
Depreciation And Amortization	23.6M	17.7M	20.4M	19.7M

Interest Expense Depreciation And Amortization

High Arctic 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	Accounts Payable	Non Current Assets Total	Non Currrent Assets Other	Net Receivables	Common Stock Shares Outstanding	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Cash	Cash And Short Term Investments	Non Current Liabilities Total	Common Stock Total Equity	Common Stock	Other Liab
Total Assets		-0.03	0.61	0.55	0.95	0.88	-0.17	0.72	0.23	0.9	0.43	0.65	0.42	0.67	-0.09	-0.46	0.7	0.43	0.67	0.21	-0.02	0.32	-0.24	0.52	0.48	0.88
Short Long Term Debt Total	-0.03		-0.01	0.38	-0.14	0.14	0.63	0.1	0.56	0.13	-0.24	-0.1	-0.15	-0.17	0.11	0.3	0.58	0.05	-0.32	0.51	-0.25	-0.18	0.27	-0.06	-0.01	-0.03
Other Current Liab	0.61	-0.01		0.64	0.61	0.69	-0.22	0.66	0.26	0.66	0.29	0.57	0.41	0.13	-0.43	-0.02	0.62	-0.14	0.47	0.46	-0.06	0.3	-0.24	0.82	0.71	0.41
Total Current Liabilities	0.55	0.38	0.64		0.37	0.58	0.27	0.59	0.71	0.56	0.05	0.65	-0.08	0.02	-0.12	-0.12	0.86	0.05	0.41	0.87	-0.19	0.04	0.2	0.55	0.47	0.36
Total Stockholder Equity	0.95	-0.14	0.61	0.37		0.86	-0.37	0.64	0.05	0.88	0.44	0.53	0.65	0.77	-0.16	-0.47	0.57	0.46	0.72	0.05	0.13	0.45	-0.46	0.55	0.54	0.84
Property Plant And Equipment Net	0.88	0.14	0.69	0.58	0.86		-0.06	0.9	0.46	1.0	0.45	0.55	0.34	0.54	-0.02	-0.32	0.77	0.37	0.43	0.3	-0.19	0.18	-0.05	0.73	0.72	0.72
Net Debt	-0.17	0.63	-0.22	0.27	-0.37	-0.06		0.02	0.59	-0.07	-0.09	0.16	-0.54	-0.18	0.5	0.36	0.35	0.17	-0.46	0.22	-0.69	-0.83	0.6	-0.28	-0.28	-0.07
Retained Earnings	0.72	0.1	0.66	0.59	0.64	0.9	0.02		0.53	0.89	0.47	0.52	-0.02	0.29	-0.03	-0.21	0.68	0.13	0.24	0.33	-0.31	0.01	0.3	0.71	0.68	0.6
Accounts Payable	0.23	0.56	0.26	0.71	0.05	0.46	0.59	0.53		0.43	0.17	0.41	-0.37	-0.15	0.28	0.15	0.68	0.13	-0.17	0.67	-0.6	-0.39	0.54	0.4	0.39	0.07
Non Current Assets Total	0.9	0.13	0.66	0.56	0.88	1.0	-0.07	0.89	0.43		0.45	0.54	0.35	0.58	-0.01	-0.35	0.76	0.41	0.45	0.27	-0.17	0.18	-0.07	0.7	0.7	0.74
Non Currrent Assets Other	0.43	-0.24	0.29	0.05	0.44	0.45	-0.09	0.47	0.17	0.45		0.34	0.12	0.39	-0.06	-0.14	0.22	0.12	0.2	-0.29	-0.13	-0.12	-0.02	0.16	0.08	0.53
Net Receivables	0.65	-0.1	0.57	0.65	0.53	0.55	0.16	0.52	0.41	0.54	0.34		0.06	0.35	-0.02	-0.24	0.57	0.25	0.54	0.34	-0.43	-0.14	0.02	0.44	0.36	0.57
Common Stock Shares Outstanding	0.42	-0.15	0.41	-0.08	0.65	0.34	-0.54	-0.02	-0.37	0.35	0.12	0.06		0.59	-0.34	-0.16	0.15	0.28	0.59	-0.18	0.45	0.61	-0.94	0.28	0.32	0.35
Inventory	0.67	-0.17	0.13	0.02	0.77	0.54	-0.18	0.29	-0.15	0.58	0.39	0.35	0.59		0.08	-0.42	0.3	0.73	0.68	-0.34	0.21	0.18	-0.45	0.04	0.12	0.8
Other Current Assets	-0.09	0.11	-0.43	-0.12	-0.16	-0.02	0.5	-0.03	0.28	-0.01	-0.06	-0.02	-0.34	0.08		-0.09	-0.05	0.69	-0.41	-0.17	-0.52	-0.62	0.36	-0.23	-0.15	-0.03
Other Stockholder Equity	-0.46	0.3	-0.02	-0.12	-0.47	-0.32	0.36	-0.21	0.15	-0.35	-0.14	-0.24	-0.16	-0.42	-0.09		-0.12	-0.37	-0.5	-0.01	-0.27	-0.33	0.13	-0.1	-0.13	-0.35
Total Liab	0.7	0.58	0.62	0.86	0.57	0.77	0.35	0.68	0.68	0.76	0.22	0.57	0.15	0.3	-0.05	-0.12		0.26	0.37	0.65	-0.23	0.03	0.08	0.47	0.44	0.58
Property Plant And Equipment Gross	0.43	0.05	-0.14	0.05	0.46	0.37	0.17	0.13	0.13	0.41	0.12	0.25	0.28	0.73	0.69	-0.37	0.26		0.28	-0.19	-0.12	-0.17	-0.19	-0.07	0.04	0.52
Total Current Assets	0.67	-0.32	0.47	0.41	0.72	0.43	-0.46	0.24	-0.17	0.45	0.2	0.54	0.59	0.68	-0.41	-0.5	0.37	0.28		0.15	0.49	0.55	-0.56	0.28	0.26	0.65
Short Term Debt	0.21	0.51	0.46	0.87	0.05	0.3	0.22	0.33	0.67	0.27	-0.29	0.34	-0.18	-0.34	-0.17	-0.01	0.65	-0.19	0.15		-0.12	0.14	0.24	0.5	0.47	-0.07
Cash	-0.02	-0.25	-0.06	-0.19	0.13	-0.19	-0.69	-0.31	-0.6	-0.17	-0.13	-0.43	0.45	0.21	-0.52	-0.27	-0.23	-0.12	0.49	-0.12		0.75	-0.56	-0.18	-0.14	0.04
Cash And Short Term Investments	0.32	-0.18	0.3	0.04	0.45	0.18	-0.83	0.01	-0.39	0.18	-0.12	-0.14	0.61	0.18	-0.62	-0.33	0.03	-0.17	0.55	0.14	0.75		-0.63	0.28	0.28	0.17
Non Current Liabilities Total	-0.24	0.27	-0.24	0.2	-0.46	-0.05	0.6	0.3	0.54	-0.07	-0.02	0.02	-0.94	-0.45	0.36	0.13	0.08	-0.19	-0.56	0.24	-0.56	-0.63		-0.08	-0.09	-0.2
Common Stock Total Equity	0.52	-0.06	0.82	0.55	0.55	0.73	-0.28	0.71	0.4	0.7	0.16	0.44	0.28	0.04	-0.23	-0.1	0.47	-0.07	0.28	0.5	-0.18	0.28	-0.08		0.97	0.18
Common Stock	0.48	-0.01	0.71	0.47	0.54	0.72	-0.28	0.68	0.39	0.7	0.08	0.36	0.32	0.12	-0.15	-0.13	0.44	0.04	0.26	0.47	-0.14	0.28	-0.09	0.97		0.15
Other Liab	0.88	-0.03	0.41	0.36	0.84	0.72	-0.07	0.6	0.07	0.74	0.53	0.57	0.35	0.8	-0.03	-0.35	0.58	0.52	0.65	-0.07	0.04	0.17	-0.2	0.18	0.15

Click cells to compare fundamentals

High Arctic Account Relationship Matchups

High Arctic fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	251.8M	214.2M	185.5M	134.0M	123.1M	201.6M
Short Long Term Debt Total	10.7M	19.2M	16.5M	5.7M	5.1M	4.9M
Other Current Liab	10.7M	500K	664K	470K	540.5K	513.5K
Total Current Liabilities	26.2M	11M	15.4M	9.8M	16.5M	15.6M
Total Stockholder Equity	205.6M	177.3M	148.9M	115.2M	99.3M	131.1M
Property Plant And Equipment Net	181.5M	147.8M	130.6M	54.3M	30.2M	28.7M
Net Debt	1.4M	(13.4M)	4.5M	(13.9M)	(12.5M)	(11.9M)
Retained Earnings	(2.2M)	(29.7M)	(58.1M)	(96.9M)	(112.2M)	(117.8M)
Accounts Payable	13.9M	9.1M	13.4M	8.7M	5.4M	5.1M
Non Current Assets Total	189.1M	158.4M	140.3M	64.7M	43.7M	41.5M
Net Receivables	43.1M	13.2M	21.7M	39.6M	17.5M	32.1M
Common Stock Shares Outstanding	50.0M	49.5M	48.8M	48.7M	49.1M	42.2M
Liabilities And Stockholders Equity	251.8M	214.2M	185.5M	134.0M	154.1M	201.7M
Other Stockholder Equity	9.9M	13.7M	13.8M	14.7M	13.2M	12.6M
Total Liab	46.2M	36.9M	36.6M	18.7M	23.8M	22.6M
Property Plant And Equipment Gross	181.5M	147.8M	378.5M	215.0M	179.8M	156.0M
Total Current Assets	62.7M	55.8M	45.1M	69.3M	79.4M	66.4M
Accumulated Other Comprehensive Income	24.8M	24M	23.4M	27.9M	32.0M	33.6M
Cash	9.3M	32.6M	12.0M	19.6M	50.3M	26.5M
Cash And Short Term Investments	9.3M	32.6M	12.0M	19.6M	22.5M	26.0M
Non Current Liabilities Total	20M	25.9M	21.2M	8.9M	7.4M	7.0M
Common Stock Total Equity	195.5M	187.5M	183M	169.3M	152.4M	149.7M
Common Stock	173.1M	169.3M	169.7M	169.6M	152.6M	142.0M
Other Liab	10.2M	8.1M	6.1M	3.9M	4.5M	8.1M
Net Tangible Assets	205.6M	177.3M	148.9M	115.2M	103.7M	145.7M
Property Plant Equipment	181.5M	147.8M	130.6M	54.3M	48.9M	46.5M
Long Term Debt Total	9.1M	17.8M	15.1M	5.0M	5.8M	7.2M
Capital Surpluse	9.9M	13.7M	13.8M	14.7M	16.9M	12.3M
Capital Lease Obligations	10.7M	9.2M	8.4M	1.5M	2.8M	5.1M
Net Invested Capital	205.6M	187.3M	156.6M	119.3M	102.7M	141.3M
Net Working Capital	35.8M	44.8M	29.7M	59.5M	63.0M	53.9M

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Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in High Arctic Energy. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.

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High Net Income vs Interest Income Analysis

Net Income vs Interest Income

Net Income vs Interest Income Correlation Analysis

Correlation Coefficient

Net Income

Interest Income

High Arctic fundamental ratios Correlations

High Arctic Account Relationship Matchups

High Positive Relationship

High Negative Relationship

High Arctic fundamental ratios Accounts

Building efficient market-beating portfolios requires time, education, and a lot of computing power!

Complementary Tools for High Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Common Stock	+ 0.97	Common Stock Total Equity
Total Stockholder Equity	+ 0.95	Total Assets
Non Current Assets Total	+ 0.9	Total Assets
Retained Earnings	+ 0.9	Property Plant And Equipment Net
Non Current Assets Total	+ 0.89	Retained Earnings

Non Current Liabilities Total	- 0.94	Common Stock Shares Outstanding
Cash And Short Term Investments	- 0.83	Net Debt
Cash	- 0.69	Net Debt
Non Current Liabilities Total	- 0.63	Cash And Short Term Investments
Cash And Short Term Investments	- 0.62	Other Current Assets
Cash	- 0.6	Accounts Payable