High Tax Provision vs Income Tax Expense Analysis
HLF Stock | CAD 15.25 0.51 3.46% |
High Liner financial indicator trend analysis is much more than just examining High Liner Foods latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether High Liner Foods is a good investment. Please check the relationship between High Liner Tax Provision and its Income Tax Expense accounts. 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.
Tax Provision vs Income Tax Expense
Tax Provision vs Income Tax Expense Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of High Liner Foods Tax Provision account and Income Tax Expense. At this time, the significance of the direction appears to have very strong relationship.
The correlation between High Liner's Tax Provision and Income Tax Expense is 0.84. Overlapping area represents the amount of variation of Tax Provision that can explain the historical movement of Income Tax Expense in the same time period over historical financial statements of High Liner Foods, assuming nothing else is changed. The correlation between historical values of High Liner's Tax Provision and Income Tax Expense is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Tax Provision of High Liner Foods are associated (or correlated) with its Income Tax Expense. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Income Tax Expense has no effect on the direction of Tax Provision i.e., High Liner's Tax Provision and Income Tax Expense go up and down completely randomly.
Correlation Coefficient | 0.84 |
Relationship Direction | Positive |
Relationship Strength | Strong |
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.Income Tax Expense
Most indicators from High Liner's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators 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 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 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. At this time, High Liner's Tax Provision is very stable compared to the past year. As of the 22nd of November 2024, Sales General And Administrative To Revenue is likely to grow to 0.11, while Selling General Administrative is likely to drop about 69.5 M.
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 |
High Liner fundamental ratios Correlations
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High Liner Account Relationship Matchups
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High Liner fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 820.5M | 776.6M | 826.5M | 1.0B | 834.4M | 459.8M | |
Short Long Term Debt Total | 352.9M | 303.8M | 266.2M | 380.7M | 253.6M | 189.0M | |
Other Current Liab | 26.9M | 24.2M | 21.6M | 20.9M | 14.7M | 7.6M | |
Total Current Liabilities | 209.6M | 152.6M | 187.0M | 336.4M | 163.4M | 126.4M | |
Total Stockholder Equity | 268.2M | 291.0M | 332.5M | 373.4M | 385.9M | 405.1M | |
Property Plant And Equipment Net | 120.8M | 122.2M | 126.9M | 127.2M | 136.1M | 77.2M | |
Current Deferred Revenue | 3.6M | 4.4M | 1.6M | 3.0M | 2.8M | 3.0M | |
Net Debt | 349.7M | 270.9M | 265.7M | 380.5M | 246.3M | 184.9M | |
Retained Earnings | 162.8M | 183.6M | 220.0M | 265.3M | 280.6M | 294.6M | |
Accounts Payable | 122.5M | 98.9M | 149.5M | 172.8M | 133.1M | 77.8M | |
Cash | 3.1M | 32.9M | 443K | 155K | 7.3M | 4.1M | |
Non Current Assets Total | 429.3M | 424.8M | 420.9M | 417.4M | 417.1M | 221.6M | |
Non Currrent Assets Other | 34K | 334K | 1.0M | 4.0M | 1.8M | 1.7M | |
Cash And Short Term Investments | 3.4M | 33.1M | 983K | 5.8M | 10.5M | 11.0M | |
Net Receivables | 88.6M | 63.5M | 93.0M | 101.7M | 103.8M | 59.2M | |
Common Stock Shares Outstanding | 34.2M | 34.5M | 35.1M | 35.1M | 33.9M | 29.6M | |
Liabilities And Stockholders Equity | 820.5M | 776.6M | 826.5M | 1.0B | 834.4M | 459.8M | |
Non Current Liabilities Total | 342.7M | 333.0M | 306.9M | 293.7M | 285.2M | 174.5M | |
Inventory | 294.9M | 250.9M | 308.2M | 472.3M | 295.6M | 169.9M | |
Other Current Assets | 4.3M | 4.2M | 3.4M | 6.3M | 7.4M | 3.9M | |
Other Stockholder Equity | 16.0M | 16.6M | 17.5M | 17.5M | 15.4M | 23.6M | |
Total Liab | 552.3M | 485.6M | 493.9M | 630.1M | 448.5M | 300.8M | |
Property Plant And Equipment Gross | 120.8M | 122.2M | 234.0M | 242.8M | 264.8M | 278.1M | |
Total Current Assets | 391.2M | 351.7M | 405.6M | 586.1M | 417.3M | 238.2M | |
Accumulated Other Comprehensive Income | (23.5M) | (21.9M) | (18.4M) | (22.5M) | (23.4M) | (22.2M) | |
Short Term Debt | 56.6M | 25.1M | 14.3M | 139.7M | 12.8M | 12.1M | |
Intangible Assets | 148.9M | 142.2M | 135.2M | 129.1M | 121.9M | 82.9M | |
Other Assets | 2.2M | 2.7M | 1.0M | 4.0M | 4.6M | 4.8M | |
Good Will | 157.5M | 157.7M | 157.8M | 157.1M | 157.4M | 123.5M | |
Short Term Investments | 236K | 211K | 540K | 5.7M | 3.2M | 2.5M | |
Other Liab | 46.5M | 54.2M | 55.1M | 52.7M | 47.4M | 40.7M | |
Net Tangible Assets | (38.2M) | (8.9M) | 39.6M | 87.2M | 100.3M | 105.3M | |
Long Term Debt | 289.0M | 268.0M | 245.0M | 238.2M | 233.8M | 218.5M | |
Short Long Term Debt | 52.1M | 20.2M | 10.0M | 135.1M | 8.2M | 7.8M | |
Property Plant Equipment | 120.8M | 122.2M | 126.9M | 127.2M | 146.3M | 129.0M | |
Long Term Debt Total | 296.2M | 278.8M | 251.8M | 241.0M | 216.9M | 227.6M | |
Capital Surpluse | 16.0M | 16.6M | 17.5M | 17.5M | 20.1M | 17.3M | |
Capital Lease Obligations | 11.8M | 15.6M | 11.2M | 7.4M | 11.6M | 8.4M |
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
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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.Other Information on Investing in High Stock
Balance Sheet is a snapshot of the financial position of High Liner Foods at a specified time, usually calculated after every quarter, six months, or one year. High Liner Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of High Liner 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.