High Capex To Depreciation vs Dividend Yield Analysis

HITI Stock

CAD 4.33 0.09 2.12%

High Tide financial indicator trend analysis is much more than just examining High Tide latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether High Tide is a good investment. Please check the relationship between High Tide Capex To Depreciation and its Dividend Yield accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in High Tide. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

For more information on how to buy High Stock please use our How to Invest in High Tide guide.

Capex To Depreciation vs Dividend Yield

Capex To Depreciation vs Dividend Yield Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of High Tide Capex To Depreciation account and Dividend Yield. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between High Tide's Capex To Depreciation and Dividend Yield is -0.28. Overlapping area represents the amount of variation of Capex To Depreciation that can explain the historical movement of Dividend Yield in the same time period over historical financial statements of High Tide, assuming nothing else is changed. The correlation between historical values of High Tide's Capex To Depreciation and Dividend Yield is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Capex To Depreciation of High Tide are associated (or correlated) with its Dividend Yield. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Dividend Yield has no effect on the direction of Capex To Depreciation i.e., High Tide's Capex To Depreciation and Dividend Yield go up and down completely randomly.

Correlation Coefficient

-0.28

Relationship Direction	Negative
Relationship Strength	Insignificant

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Capex To Depreciation

The ratio of a company's capital expenditures to its depreciation expenses, indicating how much the company is investing in physical assets relative to the aging of existing assets.

Dividend Yield

Dividend Yield is High Tide dividend as a percentage of High Tide stock price. High Tide dividend yield is a measure of High Tide stock productivity, which can be interpreted as interest rate earned on an High Tide investment. A financial ratio that shows how much a company pays out in dividends each year relative to its stock price, calculated as annual dividends per share divided by price per share.

Most indicators from High Tide's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into High Tide 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 Tide. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

For more information on how to buy High Stock please use our How to Invest in High Tide guide.At this time, High Tide's Selling General Administrative is fairly stable compared to the past year. Sales General And Administrative To Revenue is likely to climb to 0.41 in 2024, despite the fact that Tax Provision is likely to grow to (6.5 M).

	2021	2022	2023	2024 (projected)
Gross Profit	101.0M	131.3M	151.0M	158.6M
Total Revenue	356.9M	487.7M	560.8M	588.9M

Gross Profit Total Revenue

High Tide fundamental ratios Correlations

	Other Current Liab	Total Current Liabilities	Net Tangible Assets	Retained Earnings	Accounts Payable	Other Assets	Net Receivables	Inventory	Other Current Assets	Total Current Assets	Common Stock	Property Plant Equipment	Total Assets	Total Stockholder Equity	Cash	Non Current Assets Total	Common Stock Shares Outstanding	Short Term Investments	Non Current Liabilities Total	Capital Lease Obligations	Other Stockholder Equity	Total Liab	Net Invested Capital	Short Long Term Debt	Net Working Capital	Capital Stock
Other Current Liab		0.65	0.45	-0.63	0.89	0.73	0.78	0.67	0.57	0.67	0.72	0.77	0.86	0.82	0.58	0.9	0.68	-0.08	0.9	0.76	0.54	0.84	0.85	0.51	0.5	0.69
Total Current Liabilities	0.65		0.52	-0.93	0.68	0.45	0.88	0.96	0.71	0.95	0.95	0.94	0.86	0.9	0.94	0.84	0.97	-0.29	0.8	0.96	0.77	0.89	0.84	0.92	0.56	0.97
Net Tangible Assets	0.45	0.52		-0.74	0.57	0.8	0.52	0.69	0.03	0.74	0.75	0.69	0.66	0.76	0.77	0.65	0.7	-0.67	0.59	0.67	0.92	0.54	0.71	0.61	0.97	0.7
Retained Earnings	-0.63	-0.93	-0.74		-0.7	-0.63	-0.89	-0.98	-0.55	-0.98	-0.98	-0.96	-0.9	-0.94	-0.98	-0.88	-0.98	0.51	-0.84	-0.95	-0.91	-0.89	-0.91	-0.93	-0.77	-0.97
Accounts Payable	0.89	0.68	0.57	-0.7		0.69	0.78	0.7	0.51	0.7	0.75	0.78	0.87	0.83	0.64	0.9	0.71	-0.3	0.89	0.76	0.66	0.84	0.87	0.58	0.54	0.72
Other Assets	0.73	0.45	0.8	-0.63	0.69		0.54	0.63	0.14	0.64	0.67	0.72	0.73	0.74	0.63	0.74	0.6	-0.64	0.8	0.68	0.78	0.66	0.78	0.57	0.85	0.59
Net Receivables	0.78	0.88	0.52	-0.89	0.78	0.54		0.87	0.74	0.86	0.89	0.88	0.96	0.89	0.82	0.95	0.88	-0.25	0.89	0.88	0.7	0.97	0.94	0.77	0.55	0.89
Inventory	0.67	0.96	0.69	-0.98	0.7	0.63	0.87		0.56	0.99	0.99	0.98	0.89	0.95	0.98	0.87	0.99	-0.47	0.85	0.98	0.9	0.89	0.89	0.95	0.75	0.99
Other Current Assets	0.57	0.71	0.03	-0.55	0.51	0.14	0.74	0.56		0.55	0.55	0.6	0.66	0.54	0.52	0.66	0.57	0.11	0.63	0.66	0.27	0.75	0.61	0.57	0.03	0.58
Total Current Assets	0.67	0.95	0.74	-0.98	0.7	0.64	0.86	0.99	0.55		1.0	0.98	0.89	0.96	0.99	0.88	1.0	-0.46	0.84	0.98	0.92	0.88	0.9	0.93	0.78	0.99
Common Stock	0.72	0.95	0.75	-0.98	0.75	0.67	0.89	0.99	0.55	1.0		0.98	0.92	0.98	0.98	0.91	1.0	-0.44	0.86	0.98	0.91	0.89	0.92	0.91	0.79	0.99
Property Plant Equipment	0.77	0.94	0.69	-0.96	0.78	0.72	0.88	0.98	0.6	0.98	0.98		0.93	0.97	0.96	0.92	0.97	-0.48	0.92	0.99	0.89	0.93	0.93	0.94	0.75	0.96
Total Assets	0.86	0.86	0.66	-0.9	0.87	0.73	0.96	0.89	0.66	0.89	0.92	0.93		0.95	0.85	1.0	0.9	-0.36	0.96	0.92	0.8	0.98	1.0	0.79	0.69	0.9
Total Stockholder Equity	0.82	0.9	0.76	-0.94	0.83	0.74	0.89	0.95	0.54	0.96	0.98	0.97	0.95		0.93	0.95	0.96	-0.39	0.9	0.96	0.89	0.91	0.95	0.84	0.79	0.97
Cash	0.58	0.94	0.77	-0.98	0.64	0.63	0.82	0.98	0.52	0.99	0.98	0.96	0.85	0.93		0.83	0.98	-0.53	0.79	0.96	0.94	0.84	0.86	0.95	0.8	0.97
Non Current Assets Total	0.9	0.84	0.65	-0.88	0.9	0.74	0.95	0.87	0.66	0.88	0.91	0.92	1.0	0.95	0.83		0.88	-0.34	0.97	0.91	0.78	0.97	0.99	0.76	0.68	0.88
Common Stock Shares Outstanding	0.68	0.97	0.7	-0.98	0.71	0.6	0.88	0.99	0.57	1.0	1.0	0.97	0.9	0.96	0.98	0.88		-0.39	0.83	0.97	0.88	0.88	0.89	0.91	0.75	1.0
Short Term Investments	-0.08	-0.29	-0.67	0.51	-0.3	-0.64	-0.25	-0.47	0.11	-0.46	-0.44	-0.48	-0.36	-0.39	-0.53	-0.34	-0.39		-0.44	-0.42	-0.72	-0.36	-0.42	-0.61	-0.68	-0.37
Non Current Liabilities Total	0.9	0.8	0.59	-0.84	0.89	0.8	0.89	0.85	0.63	0.84	0.86	0.92	0.96	0.9	0.79	0.97	0.83	-0.44		0.9	0.76	0.96	0.96	0.79	0.65	0.82
Capital Lease Obligations	0.76	0.96	0.67	-0.95	0.76	0.68	0.88	0.98	0.66	0.98	0.98	0.99	0.92	0.96	0.96	0.91	0.97	-0.42	0.9		0.87	0.93	0.92	0.93	0.71	0.97
Other Stockholder Equity	0.54	0.77	0.92	-0.91	0.66	0.78	0.7	0.9	0.27	0.92	0.91	0.89	0.8	0.89	0.94	0.78	0.88	-0.72	0.76	0.87		0.75	0.84	0.86	0.93	0.88
Total Liab	0.84	0.89	0.54	-0.89	0.84	0.66	0.97	0.89	0.75	0.88	0.89	0.93	0.98	0.91	0.84	0.97	0.88	-0.36	0.96	0.93	0.75		0.97	0.83	0.58	0.88
Net Invested Capital	0.85	0.84	0.71	-0.91	0.87	0.78	0.94	0.89	0.61	0.9	0.92	0.93	1.0	0.95	0.86	0.99	0.89	-0.42	0.96	0.92	0.84	0.97		0.79	0.74	0.9
Short Long Term Debt	0.51	0.92	0.61	-0.93	0.58	0.57	0.77	0.95	0.57	0.93	0.91	0.94	0.79	0.84	0.95	0.76	0.91	-0.61	0.79	0.93	0.86	0.83	0.79		0.67	0.9
Net Working Capital	0.5	0.56	0.97	-0.77	0.54	0.85	0.55	0.75	0.03	0.78	0.79	0.75	0.69	0.79	0.8	0.68	0.75	-0.68	0.65	0.71	0.93	0.58	0.74	0.67		0.74
Capital Stock	0.69	0.97	0.7	-0.97	0.72	0.59	0.89	0.99	0.58	0.99	0.99	0.96	0.9	0.97	0.97	0.88	1.0	-0.37	0.82	0.97	0.88	0.88	0.9	0.9	0.74

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High Tide Account Relationship Matchups

High Tide fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Other Current Liab	2.5M	10.0M	6.3M	3.7M	4.2M	3.6M
Total Current Liabilities	27.5M	40.8M	59.9M	58.1M	66.9M	70.2M
Net Tangible Assets	(2.6M)	(7.9M)	4.9M	10.9M	12.5M	13.1M
Retained Earnings	(34.4M)	(87.8M)	(168.1M)	(205.9M)	(185.3M)	(176.1M)
Accounts Payable	6.4M	18.5M	26.9M	8.4M	9.6M	9.4M
Other Assets	3.4M	3.0M	4.9M	3.2M	3.7M	3.1M
Net Receivables	2.7M	6.5M	7.9M	7.5M	8.6M	4.6M
Inventory	8.5M	17.0M	23.4M	26.0M	29.9M	31.4M
Total Current Assets	19.3M	46.3M	64.1M	68.6M	78.9M	82.9M
Common Stock	26.3M	32.6M	208.9M	279.5M	321.4M	337.5M
Property Plant Equipment	12.4M	29.5M	52.7M	62.0M	71.3M	74.9M
Total Assets	69.8M	246.2M	274.7M	233.4M	268.4M	141.7M
Total Stockholder Equity	10.2M	147.2M	156.4M	131.6M	151.3M	158.9M
Cash	7.5M	14.0M	25.1M	30.1M	34.6M	36.4M
Non Current Assets Total	50.5M	199.9M	210.7M	164.8M	189.5M	104.2M
Common Stock Shares Outstanding	16.0M	54.4M	71.0M	75.3M	86.6M	90.9M
Non Current Liabilities Total	30.6M	53.4M	52.8M	41.6M	47.8M	31.3M
Capital Lease Obligations	16.7M	29.8M	33.8M	35.0M	40.3M	42.3M
Other Stockholder Equity	7.9M	7.3M	10.9M	21.9M	25.2M	26.4M
Total Liab	58.1M	94.2M	112.7M	99.7M	114.7M	65.9M
Net Invested Capital	40.5M	172.9M	192.5M	169.0M	194.4M	97.9M
Short Long Term Debt	16.4M	6.5M	19.1M	25.0M	28.7M	30.2M
Net Working Capital	(8.2M)	5.5M	4.1M	10.5M	12.1M	12.7M
Capital Stock	32.6M	208.9M	279.5M	288.0M	331.2M	347.8M
Intangible Assets	12.0M	62.3M	62.1M	27.3M	31.4M	31.6M
Net Debt	22.8M	11.6M	11.0M	7.4M	6.6M	12.2M
Long Term Debt	13.9M	19.1M	17.0M	12.5M	11.3M	13.2M
Good Will	6.1M	79.9M	83.4M	76.2M	87.6M	54.9M

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