High Retained Earnings vs Total Liab 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 Retained Earnings and its Total Liab 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.

Retained Earnings vs Total Liab

Retained Earnings vs Total Liab Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of High Arctic Energy Retained Earnings account and Total Liab. At this time, the significance of the direction appears to have strong relationship.
The correlation between High Arctic's Retained Earnings and Total Liab is 0.68. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Total Liab 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 Retained Earnings and Total Liab is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Retained Earnings of High Arctic Energy are associated (or correlated) with its Total Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Liab has no effect on the direction of Retained Earnings i.e., High Arctic's Retained Earnings and Total Liab go up and down completely randomly.

Correlation Coefficient

0.68
Relationship DirectionPositive 
Relationship StrengthSignificant

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.

Total Liab

The total amount of all liabilities that a company has, including both short-term and long-term liabilities.
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 Expense670K1.4M368K349.6K
Depreciation And Amortization23.6M17.7M20.4M19.7M

High Arctic fundamental ratios Correlations

-0.030.610.550.950.88-0.170.720.230.90.430.650.420.67-0.09-0.460.70.430.670.21-0.020.32-0.240.520.480.88
-0.03-0.010.38-0.140.140.630.10.560.13-0.24-0.1-0.15-0.170.110.30.580.05-0.320.51-0.25-0.180.27-0.06-0.01-0.03
0.61-0.010.640.610.69-0.220.660.260.660.290.570.410.13-0.43-0.020.62-0.140.470.46-0.060.3-0.240.820.710.41
0.550.380.640.370.580.270.590.710.560.050.65-0.080.02-0.12-0.120.860.050.410.87-0.190.040.20.550.470.36
0.95-0.140.610.370.86-0.370.640.050.880.440.530.650.77-0.16-0.470.570.460.720.050.130.45-0.460.550.540.84
0.880.140.690.580.86-0.060.90.461.00.450.550.340.54-0.02-0.320.770.370.430.3-0.190.18-0.050.730.720.72
-0.170.63-0.220.27-0.37-0.060.020.59-0.07-0.090.16-0.54-0.180.50.360.350.17-0.460.22-0.69-0.830.6-0.28-0.28-0.07
0.720.10.660.590.640.90.020.530.890.470.52-0.020.29-0.03-0.210.680.130.240.33-0.310.010.30.710.680.6
0.230.560.260.710.050.460.590.530.430.170.41-0.37-0.150.280.150.680.13-0.170.67-0.6-0.390.540.40.390.07
0.90.130.660.560.881.0-0.070.890.430.450.540.350.58-0.01-0.350.760.410.450.27-0.170.18-0.070.70.70.74
0.43-0.240.290.050.440.45-0.090.470.170.450.340.120.39-0.06-0.140.220.120.2-0.29-0.13-0.12-0.020.160.080.53
0.65-0.10.570.650.530.550.160.520.410.540.340.060.35-0.02-0.240.570.250.540.34-0.43-0.140.020.440.360.57
0.42-0.150.41-0.080.650.34-0.54-0.02-0.370.350.120.060.59-0.34-0.160.150.280.59-0.180.450.61-0.940.280.320.35
0.67-0.170.130.020.770.54-0.180.29-0.150.580.390.350.590.08-0.420.30.730.68-0.340.210.18-0.450.040.120.8
-0.090.11-0.43-0.12-0.16-0.020.5-0.030.28-0.01-0.06-0.02-0.340.08-0.09-0.050.69-0.41-0.17-0.52-0.620.36-0.23-0.15-0.03
-0.460.3-0.02-0.12-0.47-0.320.36-0.210.15-0.35-0.14-0.24-0.16-0.42-0.09-0.12-0.37-0.5-0.01-0.27-0.330.13-0.1-0.13-0.35
0.70.580.620.860.570.770.350.680.680.760.220.570.150.3-0.05-0.120.260.370.65-0.230.030.080.470.440.58
0.430.05-0.140.050.460.370.170.130.130.410.120.250.280.730.69-0.370.260.28-0.19-0.12-0.17-0.19-0.070.040.52
0.67-0.320.470.410.720.43-0.460.24-0.170.450.20.540.590.68-0.41-0.50.370.280.150.490.55-0.560.280.260.65
0.210.510.460.870.050.30.220.330.670.27-0.290.34-0.18-0.34-0.17-0.010.65-0.190.15-0.120.140.240.50.47-0.07
-0.02-0.25-0.06-0.190.13-0.19-0.69-0.31-0.6-0.17-0.13-0.430.450.21-0.52-0.27-0.23-0.120.49-0.120.75-0.56-0.18-0.140.04
0.32-0.180.30.040.450.18-0.830.01-0.390.18-0.12-0.140.610.18-0.62-0.330.03-0.170.550.140.75-0.630.280.280.17
-0.240.27-0.240.2-0.46-0.050.60.30.54-0.07-0.020.02-0.94-0.450.360.130.08-0.19-0.560.24-0.56-0.63-0.08-0.09-0.2
0.52-0.060.820.550.550.73-0.280.710.40.70.160.440.280.04-0.23-0.10.47-0.070.280.5-0.180.28-0.080.970.18
0.48-0.010.710.470.540.72-0.280.680.390.70.080.360.320.12-0.15-0.130.440.040.260.47-0.140.28-0.090.970.15
0.88-0.030.410.360.840.72-0.070.60.070.740.530.570.350.8-0.03-0.350.580.520.65-0.070.040.17-0.20.180.15
Click cells to compare fundamentals

High Arctic Account Relationship Matchups

High Arctic fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets251.8M214.2M185.5M134.0M123.1M201.6M
Short Long Term Debt Total10.7M19.2M16.5M5.7M5.1M4.9M
Other Current Liab10.7M500K664K470K540.5K513.5K
Total Current Liabilities26.2M11M15.4M9.8M16.5M15.6M
Total Stockholder Equity205.6M177.3M148.9M115.2M99.3M131.1M
Property Plant And Equipment Net181.5M147.8M130.6M54.3M30.2M28.7M
Net Debt1.4M(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 Payable13.9M9.1M13.4M8.7M5.4M5.1M
Non Current Assets Total189.1M158.4M140.3M64.7M43.7M41.5M
Net Receivables43.1M13.2M21.7M39.6M17.5M32.1M
Common Stock Shares Outstanding50.0M49.5M48.8M48.7M49.1M42.2M
Liabilities And Stockholders Equity251.8M214.2M185.5M134.0M154.1M201.7M
Other Stockholder Equity9.9M13.7M13.8M14.7M13.2M12.6M
Total Liab46.2M36.9M36.6M18.7M23.8M22.6M
Property Plant And Equipment Gross181.5M147.8M378.5M215.0M179.8M156.0M
Total Current Assets62.7M55.8M45.1M69.3M79.4M66.4M
Accumulated Other Comprehensive Income24.8M24M23.4M27.9M32.0M33.6M
Cash9.3M32.6M12.0M19.6M50.3M26.5M
Cash And Short Term Investments9.3M32.6M12.0M19.6M22.5M26.0M
Non Current Liabilities Total20M25.9M21.2M8.9M7.4M7.0M
Common Stock Total Equity195.5M187.5M183M169.3M152.4M149.7M
Common Stock173.1M169.3M169.7M169.6M152.6M142.0M
Other Liab10.2M8.1M6.1M3.9M4.5M8.1M
Net Tangible Assets205.6M177.3M148.9M115.2M103.7M145.7M
Property Plant Equipment181.5M147.8M130.6M54.3M48.9M46.5M
Long Term Debt Total9.1M17.8M15.1M5.0M5.8M7.2M
Capital Surpluse9.9M13.7M13.8M14.7M16.9M12.3M
Capital Lease Obligations10.7M9.2M8.4M1.5M2.8M5.1M
Net Invested Capital205.6M187.3M156.6M119.3M102.7M141.3M
Net Working Capital35.8M44.8M29.7M59.5M63.0M53.9M

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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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Please note, there is a significant difference between High Arctic's value and its price as these two are different measures arrived at by different means. Investors typically determine if High Arctic is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, High Arctic's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.