High Net Invested Capital vs Cash Analysis

HITI Stock  CAD 4.39  0.11  2.44%   
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 Invested Capital and its Cash 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 Invested Capital vs Cash

Net Invested Capital vs Cash Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of High Tide Net Invested Capital account and Cash. At this time, the significance of the direction appears to have very strong relationship.
Net Invested CapitalCashDiversified AwayNet Invested CapitalCashDiversified Away100%
The correlation between High Tide's Net Invested Capital and Cash is 0.86. Overlapping area represents the amount of variation of Net Invested Capital that can explain the historical movement of Cash 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 Invested Capital and Cash 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 Invested Capital of High Tide are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Net Invested Capital i.e., High Tide's Net Invested Capital and Cash go up and down completely randomly.

Correlation Coefficient

0.86
Relationship DirectionPositive 
Relationship StrengthStrong

Net Invested Capital

The total amount of capital invested in a company, including both equity and debt, minus any cash or cash equivalents.

Cash

Cash refers to the most liquid asset of High Tide, which is listed under current asset account on High Tide balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from High Tide customers. The amounts must be unrestricted with restricted cash listed in a different High Tide account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.
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 Profit101.0M131.3M151.0M158.6M
Total Revenue356.9M487.7M560.8M588.9M

High Tide fundamental ratios Correlations

0.940.70.930.990.710.990.76-0.950.890.941.00.90.720.940.90.960.210.910.970.710.920.970.650.980.99
0.940.520.960.910.550.970.86-0.920.870.920.930.80.590.920.790.920.010.860.950.610.90.940.820.940.97
0.70.520.640.710.430.670.4-0.630.650.590.710.670.490.610.890.680.70.680.640.250.70.640.160.670.66
0.930.960.640.90.520.930.77-0.930.770.940.910.740.450.940.830.940.130.780.960.550.870.950.840.950.94
0.990.910.710.90.760.970.71-0.940.870.930.990.920.740.940.890.950.220.890.960.740.90.960.60.980.97
0.710.550.430.520.760.690.24-0.740.60.770.690.690.80.770.570.75-0.090.580.70.630.530.740.250.750.69
0.990.970.670.930.970.690.79-0.950.920.950.980.880.740.950.880.960.130.920.960.650.920.970.670.971.0
0.760.860.40.770.710.240.79-0.710.860.640.780.760.490.650.720.660.030.870.710.590.90.690.690.70.79
-0.95-0.92-0.63-0.93-0.94-0.74-0.95-0.71-0.83-0.98-0.92-0.82-0.63-0.98-0.86-0.98-0.01-0.82-0.98-0.61-0.88-0.98-0.72-0.98-0.96
0.890.870.650.770.870.60.920.86-0.830.790.90.920.830.80.890.830.150.980.820.60.950.820.480.840.91
0.940.920.590.940.930.770.950.64-0.980.790.910.780.631.00.80.99-0.010.770.980.590.820.990.740.980.96
1.00.930.710.910.990.690.980.78-0.920.90.910.920.730.910.90.930.250.930.940.720.930.950.620.970.98
0.90.80.670.740.920.690.880.76-0.820.920.780.920.820.790.870.810.280.930.820.770.910.830.440.860.87
0.720.590.490.450.740.80.740.49-0.630.830.630.730.820.630.650.660.110.80.620.590.660.640.090.670.72
0.940.920.610.940.940.770.950.65-0.980.81.00.910.790.630.810.990.00.770.980.590.830.990.740.980.96
0.90.790.890.830.890.570.880.72-0.860.890.80.90.870.650.810.860.390.90.850.510.940.850.450.870.88
0.960.920.680.940.950.750.960.66-0.980.830.990.930.810.660.990.860.080.810.990.550.850.990.690.990.97
0.210.010.70.130.22-0.090.130.03-0.010.15-0.010.250.280.110.00.390.080.220.080.010.20.07-0.240.110.12
0.910.860.680.780.890.580.920.87-0.820.980.770.930.930.80.770.90.810.220.810.670.970.820.470.840.91
0.970.950.640.960.960.70.960.71-0.980.820.980.940.820.620.980.850.990.080.810.60.861.00.750.990.97
0.710.610.250.550.740.630.650.59-0.610.60.590.720.770.590.590.510.550.010.670.60.660.620.460.660.63
0.920.90.70.870.90.530.920.9-0.880.950.820.930.910.660.830.940.850.20.970.860.660.860.610.880.92
0.970.940.640.950.960.740.970.69-0.980.820.990.950.830.640.990.850.990.070.821.00.620.860.731.00.98
0.650.820.160.840.60.250.670.69-0.720.480.740.620.440.090.740.450.69-0.240.470.750.460.610.730.710.69
0.980.940.670.950.980.750.970.7-0.980.840.980.970.860.670.980.870.990.110.840.990.660.881.00.710.98
0.990.970.660.940.970.691.00.79-0.960.910.960.980.870.720.960.880.970.120.910.970.630.920.980.690.98
Click cells to compare fundamentals

High Tide Account Relationship Matchups

High Tide fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets69.8M246.2M274.7M233.4M268.4M281.8M
Short Long Term Debt Total47.0M55.4M69.9M72.5M83.4M87.6M
Other Current Liab2.5M17.4M13.4M12.2M14.0M9.4M
Total Current Liabilities27.5M40.8M59.9M58.1M66.9M70.2M
Total Stockholder Equity10.2M147.2M156.4M131.6M151.3M158.9M
Net Tangible Assets(2.6M)(7.9M)4.9M10.9M12.5M13.1M
Property Plant And Equipment Net29.5M52.7M62.0M57.8M66.5M69.8M
Net Debt39.4M41.4M44.8M42.4M48.8M27.6M
Retained Earnings(34.4M)(87.8M)(168.1M)(205.9M)(185.3M)(176.1M)
Accounts Payable6.4M8.7M7.7M8.4M9.6M5.2M
Cash7.5M14.0M25.1M30.1M34.6M36.4M
Non Current Assets Total50.5M199.9M210.7M164.8M189.5M198.9M
Non Currrent Assets Other1.0M4.4M3.0M3.3M3.8M2.1M
Other Assets3.4M3.0M4.9M3.2M3.7M3.1M
Cash And Short Term Investments7.6M14.9M25.3M30.3M34.8M36.5M
Net Receivables2.9M7.5M8.2M7.6M8.7M4.9M
Common Stock Shares Outstanding15.3M42.4M62.8M74.3M85.5M89.8M
Liabilities And Stockholders Equity69.8M246.2M274.7M233.4M268.4M281.8M
Non Current Liabilities Total30.6M53.4M52.8M41.6M47.8M27.4M
Inventory5.7M17.0M23.4M26.0M29.9M31.4M
Other Current Assets3.1M6.9M7.2M4.8M5.6M4.6M
Total Liab58.1M94.2M112.7M99.7M114.7M60.5M
Total Current Assets19.3M46.3M64.1M68.6M78.9M82.9M
Short Term Debt18.6M12.3M26.7M32.2M37.0M38.9M
Common Stock32.6M208.9M279.5M288.0M331.2M347.8M
Property Plant Equipment12.4M29.5M52.7M62.0M71.3M74.9M
Capital Lease Obligations16.7M29.8M33.8M35.0M40.3M42.3M
Other Stockholder Equity4.7M15.2M23.1M30.7M35.4M37.1M
Net Invested Capital40.5M172.9M192.5M169.0M194.4M97.9M
Short Long Term Debt16.4M6.5M19.1M25.0M28.7M30.2M
Accumulated Other Comprehensive Income(487K)(648K)5.7M18.7M21.5M22.6M
Net Working Capital(8.2M)5.5M4.1M10.5M12.1M12.7M
Capital Stock32.6M208.9M279.5M288.0M331.2M347.8M
Intangible Assets12.0M62.3M62.1M27.3M31.4M31.6M
Long Term Debt13.9M19.1M17.0M12.5M11.3M13.2M
Good Will6.1M79.9M83.4M76.2M87.6M54.9M

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Additional Tools for High Stock Analysis

When running High Tide's price analysis, check to measure High Tide's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy High Tide is operating at the current time. Most of High Tide's value examination focuses on studying past and present price action to predict the probability of High Tide's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move High Tide's price. Additionally, you may evaluate how the addition of High Tide to your portfolios can decrease your overall portfolio volatility.

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