Happy Net Invested Capital vs Net Working Capital Analysis
HPY Stock | CAD 0.05 0.01 16.67% |
Happy Creek financial indicator trend analysis is much more than just examining Happy Creek Minerals latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Happy Creek Minerals is a good investment. Please check the relationship between Happy Creek Net Invested Capital and its Net Working Capital accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Happy Creek Minerals. 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.
Net Invested Capital vs Net Working Capital
Net Invested Capital vs Net Working Capital Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Happy Creek Minerals Net Invested Capital account and Net Working Capital. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Happy Creek's Net Invested Capital and Net Working Capital is -0.56. Overlapping area represents the amount of variation of Net Invested Capital that can explain the historical movement of Net Working Capital in the same time period over historical financial statements of Happy Creek Minerals, assuming nothing else is changed. The correlation between historical values of Happy Creek's Net Invested Capital and Net Working Capital 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 Happy Creek Minerals are associated (or correlated) with its Net Working Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Working Capital has no effect on the direction of Net Invested Capital i.e., Happy Creek's Net Invested Capital and Net Working Capital go up and down completely randomly.
Correlation Coefficient | -0.56 |
Relationship Direction | Negative |
Relationship Strength | Very Weak |
Net Invested Capital
The total amount of capital invested in a company, including both equity and debt, minus any cash or cash equivalents.Net Working Capital
Most indicators from Happy Creek's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Happy Creek Minerals 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 Happy Creek Minerals. 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. Selling General Administrative is likely to climb to about 478.9 K in 2024, despite the fact that Tax Provision is likely to grow to (188.1 K).
Happy Creek fundamental ratios Correlations
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Happy Creek Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Happy Creek fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 18.0M | 19.3M | 18.8M | 18.7M | 18.5M | 18.4M | |
Total Current Liabilities | 143.5K | 224.2K | 70.9K | 280.0K | 183.8K | 130.4K | |
Total Stockholder Equity | 17.0M | 18.0M | 17.6M | 17.3M | 17.4M | 17.2M | |
Other Liab | 919.3K | 882.9K | 1.0M | 1.2M | 1.4M | 1.0M | |
Net Tangible Assets | 16.1M | 17.0M | 18.0M | 17.6M | 20.2M | 16.8M | |
Retained Earnings | (8.0M) | (8.5M) | (9.4M) | (9.7M) | (10.4M) | (10.9M) | |
Accounts Payable | 11.2K | 72.9K | 4.7K | 128.7K | 103.6K | 108.8K | |
Cash | 1.2M | 1.6M | 282.0K | 33.0K | 92.0K | 87.4K | |
Net Receivables | 30.7K | 73.6K | 51.5K | 5.7K | 15.9K | 29.0K | |
Other Stockholder Equity | 2.7M | 2.8M | 3.1M | 3.4M | 3.9M | 2.6M | |
Total Liab | 1.1M | 1.3M | 1.3M | 1.4M | 1.1M | 1.2M | |
Total Current Assets | 1.5M | 1.7M | 360.5K | 40.2K | 109.5K | 104.0K | |
Common Stock | 20.9M | 22.1M | 23.5M | 23.6M | 27.1M | 21.7M | |
Property Plant Equipment | 16.0M | 16.4M | 17.5M | 18.3M | 21.1M | 16.9M | |
Non Current Assets Total | 16.5M | 17.6M | 18.4M | 18.6M | 18.4M | 18.7M | |
Non Currrent Assets Other | 16.2M | 16.1M | 97K | 100K | 125K | 118.8K | |
Short Term Investments | 192.6K | 9.7K | 10.2K | 554.0 | 498.6 | 473.67 | |
Non Current Liabilities Total | 915.7K | 1.1M | 1.2M | 1.1M | 911.1K | 1.1M | |
Other Current Liab | 100.5K | 106.1K | 16.3K | 1.3K | 1.2K | 1.1K | |
Common Stock Shares Outstanding | 105.0M | 122.7M | 124.2M | 124.5M | 137.5M | 125.7M | |
Net Invested Capital | 17.0M | 18.0M | 17.6M | 17.3M | 17.4M | 18.8M | |
Net Working Capital | 1.3M | 1.5M | 289.6K | (239.8K) | (74.3K) | (70.6K) | |
Capital Stock | 22.1M | 23.5M | 23.6M | 23.6M | 24.2M | 25.3M |
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Additional Tools for Happy Stock Analysis
When running Happy Creek's price analysis, check to measure Happy Creek'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 Happy Creek is operating at the current time. Most of Happy Creek's value examination focuses on studying past and present price action to predict the probability of Happy Creek's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Happy Creek's price. Additionally, you may evaluate how the addition of Happy Creek to your portfolios can decrease your overall portfolio volatility.