High Net Borrowings vs Free Cash Flow 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 Net Borrowings and its Free Cash Flow 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.

Net Borrowings vs Free Cash Flow

Net Borrowings vs Free Cash Flow Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of High Tide Net Borrowings account and Free Cash Flow. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between High Tide's Net Borrowings and Free Cash Flow is -0.48. Overlapping area represents the amount of variation of Net Borrowings that can explain the historical movement of Free Cash Flow 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 Net Borrowings and Free Cash Flow is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Borrowings of High Tide are associated (or correlated) with its Free Cash Flow. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Free Cash Flow has no effect on the direction of Net Borrowings i.e., High Tide's Net Borrowings and Free Cash Flow go up and down completely randomly.

Correlation Coefficient

-0.48

Relationship Direction	Negative
Relationship Strength	Very Weak

View All Relationships

Net Borrowings

The difference between the amount of new debt a company has taken on and the amount of debt it has paid off during a given period.

Free Cash Flow

The amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.

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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