High Historical Income Statement

HLF Stock

CAD 15.55 0.49 3.25%

Historical analysis of High Liner income statement accounts such as Selling General Administrative of 69.5 M or Total Revenue of 613.3 M can show how well High Liner Foods performed in making a profits. Evaluating High Liner income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of High Liner's future profits or losses.

Cash Flow Balance Sheet Income Statement

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Financial Statement Analysis is much more than just reviewing and examining High Liner Foods latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether High Liner Foods is a good buy for the upcoming year.

Net Income Gross Profit

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in High Liner Foods. 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.

About High Income Statement Analysis

High Liner Foods Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to High Liner shareholders. The income statement also shows High investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).

High Liner Income Statement Chart

At this time, High Liner's Depreciation And Amortization is very stable compared to the past year. As of the 26th of November 2024, Interest Expense is likely to grow to about 25.9 M, while Selling General Administrative is likely to drop about 69.5 M.

Selling General Administrative Total Revenue Gross Profit Other Operating Expenses Tax Provision

Total Revenue

Total revenue comprises all receipts High Liner Foods generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

Gross Profit

Gross profit is a required income statement account that reflects total revenue of High Liner Foods minus its cost of goods sold. It is profit before High Liner operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of High Liner Foods. It is also known as High Liner overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.

Tax Provision

The amount set aside by a company to cover any estimated taxes for the current period. It reflects the company's expected tax liabilities.

Most accounts from High Liner's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into High Liner Foods current financial condition. On the other hand, looking into the entire matrix of income statement accounts, 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 Liner Foods. 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.

	2021	2022	2023	2024 (projected)
Gross Profit	198.5M	229.9M	218.7M	128.7M
Total Revenue	875.4M	1.1B	1.1B	613.3M

Gross Profit Total Revenue

High Liner income statement Correlations

	Depreciation And Amortization	Interest Expense	Selling General Administrative	Total Revenue	Gross Profit	Other Operating Expenses	Operating Income	Ebit	Ebitda	Cost Of Revenue	Total Operating Expenses	Income Before Tax	Total Other Income Expense Net	Net Income	Income Tax Expense	Selling And Marketing Expenses	Net Income From Continuing Ops	Tax Provision	Interest Income	Net Interest Income	Reconciled Depreciation
Depreciation And Amortization		0.71	0.17	0.47	0.48	0.45	0.61	0.47	0.57	0.46	0.32	0.48	0.14	0.61	0.12	0.53	0.14	0.04	0.55	-0.63	0.83
Interest Expense	0.71		0.39	0.52	0.51	0.51	0.33	0.4	0.46	0.51	0.43	0.09	0.07	0.23	-0.14	0.24	-0.13	-0.05	0.4	-0.41	0.33
Selling General Administrative	0.17	0.39		0.82	0.84	0.83	0.4	0.68	0.65	0.8	0.96	0.58	0.5	0.56	0.16	0.15	0.0	-0.13	-0.12	0.13	-0.18
Total Revenue	0.47	0.52	0.82		0.95	1.0	0.74	0.75	0.79	1.0	0.93	0.67	0.49	0.68	0.09	0.4	0.0	-0.18	0.18	-0.09	0.11
Gross Profit	0.48	0.51	0.84	0.95		0.94	0.81	0.9	0.92	0.92	0.95	0.76	0.42	0.72	0.28	0.38	0.15	0.03	0.03	0.02	0.13
Other Operating Expenses	0.45	0.51	0.83	1.0	0.94		0.71	0.72	0.76	1.0	0.94	0.65	0.51	0.66	0.07	0.39	-0.03	-0.21	0.18	-0.1	0.09
Operating Income	0.61	0.33	0.4	0.74	0.81	0.71		0.83	0.88	0.72	0.62	0.81	0.23	0.75	0.45	0.56	0.35	0.26	0.15	-0.1	0.43
Ebit	0.47	0.4	0.68	0.75	0.9	0.72	0.83		0.98	0.71	0.79	0.83	0.34	0.74	0.5	0.38	0.42	0.33	-0.11	0.18	0.22
Ebitda	0.57	0.46	0.65	0.79	0.92	0.76	0.88	0.98		0.75	0.79	0.82	0.28	0.74	0.44	0.39	0.36	0.28	0.02	0.05	0.34
Cost Of Revenue	0.46	0.51	0.8	1.0	0.92	1.0	0.72	0.71	0.75		0.92	0.64	0.5	0.66	0.05	0.4	-0.04	-0.22	0.21	-0.12	0.1
Total Operating Expenses	0.32	0.43	0.96	0.93	0.95	0.94	0.62	0.79	0.79	0.92		0.7	0.52	0.67	0.2	0.31	0.05	-0.11	0.01	0.06	-0.01
Income Before Tax	0.48	0.09	0.58	0.67	0.76	0.65	0.81	0.83	0.82	0.64	0.7		0.52	0.94	0.6	0.52	0.45	0.24	-0.03	0.06	0.33
Total Other Income Expense Net	0.14	0.07	0.5	0.49	0.42	0.51	0.23	0.34	0.28	0.5	0.52	0.52		0.61	0.09	0.43	0.13	-0.27	-0.11	0.2	-0.11
Net Income	0.61	0.23	0.56	0.68	0.72	0.66	0.75	0.74	0.74	0.66	0.67	0.94	0.61		0.36	0.6	0.48	-0.01	0.02	-0.05	0.4
Income Tax Expense	0.12	-0.14	0.16	0.09	0.28	0.07	0.45	0.5	0.44	0.05	0.2	0.6	0.09	0.36		0.19	0.16	0.84	0.0	0.05	0.17
Selling And Marketing Expenses	0.53	0.24	0.15	0.4	0.38	0.39	0.56	0.38	0.39	0.4	0.31	0.52	0.43	0.6	0.19		0.43	0.0	0.35	-0.27	0.5
Net Income From Continuing Ops	0.14	-0.13	0.0	0.0	0.15	-0.03	0.35	0.42	0.36	-0.04	0.05	0.45	0.13	0.48	0.16	0.43		0.19	-0.46	0.44	0.2
Tax Provision	0.04	-0.05	-0.13	-0.18	0.03	-0.21	0.26	0.33	0.28	-0.22	-0.11	0.24	-0.27	-0.01	0.84	0.0	0.19		-0.05	0.11	0.13
Interest Income	0.55	0.4	-0.12	0.18	0.03	0.18	0.15	-0.11	0.02	0.21	0.01	-0.03	-0.11	0.02	0.0	0.35	-0.46	-0.05		-0.89	0.64
Net Interest Income	-0.63	-0.41	0.13	-0.09	0.02	-0.1	-0.1	0.18	0.05	-0.12	0.06	0.06	0.2	-0.05	0.05	-0.27	0.44	0.11	-0.89		-0.69
Reconciled Depreciation	0.83	0.33	-0.18	0.11	0.13	0.09	0.43	0.22	0.34	0.1	-0.01	0.33	-0.11	0.4	0.17	0.5	0.2	0.13	0.64	-0.69

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High Liner Account Relationship Matchups

High Liner income statement Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Depreciation And Amortization	22.5M	23.2M	23.1M	23.6M	26.4M	27.7M
Interest Expense	21.1M	18.2M	14.1M	17.0M	24.7M	25.9M
Selling General Administrative	90.0M	73.7M	88.3M	93.0M	94.5M	69.5M
Total Revenue	942.2M	827.5M	875.4M	1.1B	1.1B	613.3M
Gross Profit	185.9M	177.9M	198.5M	229.9M	218.7M	128.7M
Other Operating Expenses	892.1M	768.3M	815.9M	992.5M	1.0B	579.2M
Operating Income	47.5M	56.2M	56.6M	84.1M	60.3M	31.3M
Ebit	38.0M	57.8M	58.2M	76.0M	65.9M	34.5M
Ebitda	60.5M	81.1M	81.2M	99.6M	92.2M	46.5M
Cost Of Revenue	756.4M	649.5M	676.9M	839.8M	861.6M	484.6M
Total Operating Expenses	135.8M	118.8M	139.1M	152.7M	151.3M	94.6M
Income Before Tax	14.5M	36.7M	49.1M	65.8M	34.1M	19.5M
Total Other Income Expense Net	(33.0M)	(19.5M)	(7.5M)	(18.3M)	(7.1M)	(7.4M)
Net Income	10.3M	28.8M	42.2M	54.7M	31.7M	33.3M
Income Tax Expense	4.2M	7.9M	6.8M	11.1M	2.4M	4.0M
Selling And Marketing Expenses	45.8M	45.1M	50.8M	59.7M	56.9M	55.2M
Net Income From Continuing Ops	10.3M	28.8M	42.2M	54.7M	31.7M	34.0M
Net Income Applicable To Common Shares	10.3M	28.8M	42.2M	54.7M	62.9M	33.9M
Tax Provision	4.2M	7.9M	6.8M	11.1M	2.4M	4.7M
Interest Income	22.0M	19.5M	15.4M	18.3M	21.0M	19.7M
Net Interest Income	(33.1M)	(19.5M)	(15.4M)	(18.3M)	(26.2M)	(27.5M)
Reconciled Depreciation	22.5M	23.2M	23.1M	23.6M	26.4M	24.0M

Pair Trading with High Liner

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if High Liner position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in High Liner will appreciate offsetting losses from the drop in the long position's value.

Moving against High Stock

0.71	QBR-A	Quebecor	Pair Corr
0.58	THRM	Therma Bright	Pair Corr
0.51	XIM	Ximen Mining Corp Earnings Call Tomorrow	Pair Corr

The ability to find closely correlated positions to High Liner could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace High Liner when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back High Liner - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling High Liner Foods to buy it.

The correlation of High Liner is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as High Liner moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if High Liner Foods moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for High Liner can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

Other Information on Investing in High Stock

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High Historical Income Statement

About High Income Statement Analysis

High Liner Income Statement Chart

Total Revenue

Gross Profit

Other Operating Expenses

Tax Provision

High Liner income statement Correlations

High Liner Account Relationship Matchups

High Positive Relationship

High Negative Relationship

High Liner income statement Accounts

Pair Trading with High Liner

Moving against High Stock

Other Information on Investing in High Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Other Operating Expenses	+ 1.0	Total Revenue
Cost Of Revenue	+ 1.0	Total Revenue
Cost Of Revenue	+ 1.0	Other Operating Expenses
Ebitda	+ 0.98	Ebit
Total Operating Expenses	+ 0.96	Selling General Administrative
Gross Profit	+ 0.95	Total Revenue

Net Interest Income	- 0.89	Interest Income
Reconciled Depreciation	- 0.69	Net Interest Income
Net Interest Income	- 0.63	Depreciation And Amortization
Interest Income	- 0.46	Net Income From Continuing Ops
Net Interest Income	- 0.41	Interest Expense
Net Interest Income	- 0.27	Selling And Marketing Expenses