High Other Operating Expenses vs Total Revenue 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 Other Operating Expenses and its Total Revenue 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.
Other Operating Expenses vs Total Revenue
Other Operating Expenses vs Total Revenue Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of High Arctic Energy Other Operating Expenses account and Total Revenue. At this time, the significance of the direction appears to have very strong relationship.
The correlation between High Arctic's Other Operating Expenses and Total Revenue is 0.85. Overlapping area represents the amount of variation of Other Operating Expenses that can explain the historical movement of Total Revenue 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 Other Operating Expenses and Total Revenue is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Operating Expenses of High Arctic Energy are associated (or correlated) with its Total Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Revenue has no effect on the direction of Other Operating Expenses i.e., High Arctic's Other Operating Expenses and Total Revenue go up and down completely randomly.
Correlation Coefficient | 0.85 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of High Arctic Energy. It is also known as High Arctic overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.Total Revenue
Total revenue comprises all receipts High Arctic Energy generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.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
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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 Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.
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