High Total Revenue vs Net Income 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 Total Revenue and its Net Income 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.

Total Revenue vs Net Income

Total Revenue vs Net Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of High Liner Foods Total Revenue account and Net Income. At this time, the significance of the direction appears to have strong relationship.

The correlation between High Liner's Total Revenue and Net Income is 0.68. Overlapping area represents the amount of variation of Total Revenue that can explain the historical movement of Net Income 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 Total Revenue and Net Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Revenue of High Liner Foods are associated (or correlated) with its Net Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income has no effect on the direction of Total Revenue i.e., High Liner's Total Revenue and Net Income go up and down completely randomly.

Correlation Coefficient

0.68

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

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.

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in High Liner Foods financial statement analysis. It represents the amount of money remaining after all of High Liner Foods operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

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

Gross Profit Total Revenue

High Liner fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Intangible Assets	Common Stock
Total Assets		0.84	0.38	0.82	0.63	0.93	0.37	0.82	0.64	0.86	0.13	0.97	-0.68	0.16	0.91	0.92	0.86	0.96	0.49	-0.54	0.94	0.36	0.98	0.35	0.92	0.97
Short Long Term Debt Total	0.84		0.03	0.83	0.27	0.69	0.51	0.99	0.27	0.66	0.0	0.81	-0.7	0.01	0.83	0.77	0.88	0.81	0.26	-0.37	0.96	-0.05	0.83	0.63	0.8	0.75
Other Current Liab	0.38	0.03		0.19	0.52	0.43	-0.46	0.0	0.48	0.28	0.3	0.44	-0.08	0.27	0.07	0.37	0.11	0.34	0.33	-0.2	0.16	0.43	0.31	-0.12	0.43	0.49
Total Current Liabilities	0.82	0.83	0.19		0.41	0.58	0.21	0.85	0.4	0.79	-0.19	0.7	-0.38	-0.18	0.79	0.68	0.59	0.9	0.4	-0.24	0.87	0.23	0.88	0.75	0.71	0.68
Total Stockholder Equity	0.63	0.27	0.52	0.41		0.64	0.05	0.25	1.0	0.57	0.18	0.6	-0.49	0.31	0.53	0.73	0.34	0.62	0.53	-0.51	0.42	0.9	0.63	-0.09	0.6	0.69
Property Plant And Equipment Net	0.93	0.69	0.43	0.58	0.64		0.37	0.66	0.65	0.75	0.24	0.94	-0.69	0.28	0.83	0.89	0.84	0.84	0.42	-0.57	0.81	0.4	0.88	0.09	0.84	0.95
Current Deferred Revenue	0.37	0.51	-0.46	0.21	0.05	0.37		0.5	0.1	0.21	0.13	0.34	-0.58	0.19	0.51	0.4	0.62	0.32	-0.05	-0.5	0.48	-0.17	0.37	0.1	0.31	0.32
Net Debt	0.82	0.99	0.0	0.85	0.25	0.66	0.5		0.25	0.65	-0.1	0.78	-0.66	-0.09	0.84	0.74	0.85	0.81	0.25	-0.35	0.95	-0.04	0.82	0.67	0.77	0.72
Retained Earnings	0.64	0.27	0.48	0.4	1.0	0.65	0.1	0.25		0.56	0.18	0.6	-0.52	0.33	0.55	0.74	0.36	0.62	0.53	-0.52	0.42	0.89	0.63	-0.09	0.59	0.68
Accounts Payable	0.86	0.66	0.28	0.79	0.57	0.75	0.21	0.65	0.56		0.01	0.81	-0.43	0.02	0.78	0.7	0.67	0.87	0.38	-0.41	0.81	0.36	0.87	0.21	0.81	0.81
Cash	0.13	0.0	0.3	-0.19	0.18	0.24	0.13	-0.1	0.18	0.01		0.25	-0.29	0.96	-0.14	0.22	0.24	-0.02	0.04	-0.15	0.05	-0.08	0.02	-0.38	0.25	0.28
Non Current Assets Total	0.97	0.81	0.44	0.7	0.6	0.94	0.34	0.78	0.6	0.81	0.25		-0.76	0.25	0.85	0.93	0.9	0.86	0.47	-0.57	0.91	0.29	0.89	0.22	0.97	0.99
Non Currrent Assets Other	-0.68	-0.7	-0.08	-0.38	-0.49	-0.69	-0.58	-0.66	-0.52	-0.43	-0.29	-0.76		-0.31	-0.69	-0.85	-0.84	-0.5	-0.25	0.53	-0.7	-0.18	-0.57	-0.07	-0.77	-0.75
Cash And Short Term Investments	0.16	0.01	0.27	-0.18	0.31	0.28	0.19	-0.09	0.33	0.02	0.96	0.25	-0.31		-0.11	0.27	0.24	0.03	0.08	-0.24	0.05	0.07	0.08	-0.39	0.24	0.29
Net Receivables	0.91	0.83	0.07	0.79	0.53	0.83	0.51	0.84	0.55	0.78	-0.14	0.85	-0.69	-0.11		0.85	0.81	0.87	0.46	-0.5	0.9	0.34	0.9	0.43	0.8	0.84
Common Stock Shares Outstanding	0.92	0.77	0.37	0.68	0.73	0.89	0.4	0.74	0.74	0.7	0.22	0.93	-0.85	0.27	0.85		0.84	0.83	0.52	-0.61	0.86	0.45	0.87	0.25	0.91	0.94
Non Current Liabilities Total	0.86	0.88	0.11	0.59	0.34	0.84	0.62	0.85	0.36	0.67	0.24	0.9	-0.84	0.24	0.81	0.84		0.73	0.24	-0.56	0.91	-0.02	0.78	0.22	0.87	0.86
Inventory	0.96	0.81	0.34	0.9	0.62	0.84	0.32	0.81	0.62	0.87	-0.02	0.86	-0.5	0.03	0.87	0.83	0.73		0.45	-0.46	0.91	0.41	0.99	0.48	0.8	0.86
Other Current Assets	0.49	0.26	0.33	0.4	0.53	0.42	-0.05	0.25	0.53	0.38	0.04	0.47	-0.25	0.08	0.46	0.52	0.24	0.45		-0.61	0.35	0.46	0.48	0.2	0.46	0.49
Other Stockholder Equity	-0.54	-0.37	-0.2	-0.24	-0.51	-0.57	-0.5	-0.35	-0.52	-0.41	-0.15	-0.57	0.53	-0.24	-0.5	-0.61	-0.56	-0.46	-0.61		-0.47	-0.29	-0.5	0.13	-0.58	-0.6
Total Liab	0.94	0.96	0.16	0.87	0.42	0.81	0.48	0.95	0.42	0.81	0.05	0.91	-0.7	0.05	0.9	0.86	0.91	0.91	0.35	-0.47		0.11	0.93	0.52	0.89	0.87
Property Plant And Equipment Gross	0.36	-0.05	0.43	0.23	0.9	0.4	-0.17	-0.04	0.89	0.36	-0.08	0.29	-0.18	0.07	0.34	0.45	-0.02	0.41	0.46	-0.29	0.11		0.4	-0.13	0.26	0.39
Total Current Assets	0.98	0.83	0.31	0.88	0.63	0.88	0.37	0.82	0.63	0.87	0.02	0.89	-0.57	0.08	0.9	0.87	0.78	0.99	0.48	-0.5	0.93	0.4		0.45	0.83	0.89
Short Term Debt	0.35	0.63	-0.12	0.75	-0.09	0.09	0.1	0.67	-0.09	0.21	-0.38	0.22	-0.07	-0.39	0.43	0.25	0.22	0.48	0.2	0.13	0.52	-0.13	0.45		0.21	0.16
Intangible Assets	0.92	0.8	0.43	0.71	0.6	0.84	0.31	0.77	0.59	0.81	0.25	0.97	-0.77	0.24	0.8	0.91	0.87	0.8	0.46	-0.58	0.89	0.26	0.83	0.21		0.96
Common Stock	0.97	0.75	0.49	0.68	0.69	0.95	0.32	0.72	0.68	0.81	0.28	0.99	-0.75	0.29	0.84	0.94	0.86	0.86	0.49	-0.6	0.87	0.39	0.89	0.16	0.96

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High Liner Account Relationship Matchups

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

0.66	QBR-A	Quebecor	Pair Corr
0.57	THRM	Therma Bright	Pair Corr
0.5	XIM	Ximen Mining Corp Earnings Call This Week	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

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.

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High Total Revenue vs Net Income Analysis

Total Revenue vs Net Income

Total Revenue vs Net Income Correlation Analysis

Correlation Coefficient

Total Revenue

Net Income

High Liner fundamental ratios Correlations

High Liner Account Relationship Matchups

High Positive Relationship

High Negative Relationship

High Liner fundamental ratios Accounts

Pair Trading with High Liner

Moving against High Stock

Other Information on Investing in High Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Retained Earnings	+ 1.0	Total Stockholder Equity
Net Debt	+ 0.99	Short Long Term Debt Total
Common Stock	+ 0.99	Non Current Assets Total
Total Current Assets	+ 0.99	Inventory
Total Current Assets	+ 0.98	Total Assets
Non Current Assets Total	+ 0.97	Total Assets

Common Stock Shares Outstanding	- 0.85	Non Currrent Assets Other
Non Current Liabilities Total	- 0.84	Non Currrent Assets Other
Intangible Assets	- 0.77	Non Currrent Assets Other
Non Currrent Assets Other	- 0.76	Non Current Assets Total
Common Stock	- 0.75	Non Currrent Assets Other
Total Liab	- 0.7	Non Currrent Assets Other