High Non Current Liabilities Total vs Inventory Analysis
HWO Stock | CAD 1.45 0.01 0.68% |
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 Non Current Liabilities Total and its Inventory 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.
Non Current Liabilities Total vs Inventory
Non Current Liabilities Total vs Inventory Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of High Arctic Energy Non Current Liabilities Total account and Inventory. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between High Arctic's Non Current Liabilities Total and Inventory is -0.45. Overlapping area represents the amount of variation of Non Current Liabilities Total that can explain the historical movement of Inventory 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 Non Current Liabilities Total and Inventory is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Non Current Liabilities Total of High Arctic Energy are associated (or correlated) with its Inventory. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Inventory has no effect on the direction of Non Current Liabilities Total i.e., High Arctic's Non Current Liabilities Total and Inventory go up and down completely randomly.
Correlation Coefficient | -0.45 |
Relationship Direction | Negative |
Relationship Strength | Very Weak |
Non Current Liabilities Total
Inventory
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 26th 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 |
High Arctic fundamental ratios Correlations
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High Arctic Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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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Try AI Portfolio ArchitectCheck 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. You can also try the Analyst Advice module to analyst recommendations and target price estimates broken down by several categories.
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