| HWO Stock | | | CAD 1.21 0.04 3.42% |
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 Total Assets and its Total Current Liabilities 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 closely tied with the direction of predictive economic indicators such as
signals in board of governors.
Total Assets vs Total Current Liabilities
Total Assets vs Total Current Liabilities Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
High Arctic Energy Total Assets account and
Total Current Liabilities. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between High Arctic's Total Assets and Total Current Liabilities is 0.55. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Total Current Liabilities 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 Total Assets and Total Current Liabilities is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Assets of High Arctic Energy are associated (or correlated) with its Total Current Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Liabilities has no effect on the direction of Total Assets i.e., High Arctic's Total Assets and Total Current Liabilities go up and down completely randomly.
Correlation Coefficient | 0.55 |
| Relationship Direction | Positive |
| Relationship Strength | Weak |
Total Assets
Total assets refers to the total amount of High Arctic assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in High Arctic Energy books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.
Total Current Liabilities
Total Current Liabilities is an item on High Arctic balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of High Arctic Energy are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.
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 closely tied 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 22nd of September 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).
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
Other Information on Investing in High Stock
Balance Sheet is a snapshot of the
financial position of High Arctic Energy at a specified time, usually calculated after every quarter, six months, or one year. High Arctic Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of High Arctic and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which High currently owns. An asset can also be divided into two categories, current and non-current.