High Operating 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 Operating 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.
Operating Income vs Interest Income
Operating 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 Operating 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 Operating Income and Interest Income is -0.25. Overlapping area represents the amount of variation of Operating 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 Operating 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 Operating 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 Operating Income i.e., High Arctic's Operating Income and Interest Income go up and down completely randomly.
Correlation Coefficient | -0.25 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Operating Income
Operating Income is the amount of profit realized from High Arctic Energy operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of High Arctic Energy is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.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 |
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 |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards High Arctic in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, High Arctic's short interest history, or implied volatility extrapolated from High Arctic options trading.
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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 Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.
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