Happy Property Plant Equipment vs Other Current Liab 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 Property Plant Equipment and its Other Current Liab 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.

Property Plant Equipment vs Other Current Liab

Property Plant Equipment vs Other Current Liab Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Happy Creek Minerals Property Plant Equipment account and Other Current Liab. At this time, the significance of the direction appears to have almost no relationship.
The correlation between Happy Creek's Property Plant Equipment and Other Current Liab is 0.17. Overlapping area represents the amount of variation of Property Plant Equipment that can explain the historical movement of Other Current Liab 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 Property Plant Equipment and Other Current Liab is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Property Plant Equipment of Happy Creek Minerals are associated (or correlated) with its Other Current Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Liab has no effect on the direction of Property Plant Equipment i.e., Happy Creek's Property Plant Equipment and Other Current Liab go up and down completely randomly.

Correlation Coefficient

0.17
Relationship DirectionPositive 
Relationship StrengthInsignificant

Property Plant Equipment

Other Current Liab

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

0.441.00.590.96-0.93-0.010.360.90.420.940.57-0.610.380.950.920.940.190.240.920.40.810.74-0.50.790.69
0.440.40.580.44-0.450.750.020.30.070.480.760.07-0.040.450.480.53-0.34-0.220.370.260.620.5-0.380.560.48
1.00.40.560.96-0.92-0.050.380.910.420.930.53-0.640.40.950.910.930.20.260.90.40.80.73-0.480.770.67
0.590.580.560.67-0.660.49-0.260.490.060.750.76-0.01-0.260.690.790.74-0.02-0.160.62-0.130.780.51-0.690.680.66
0.960.440.960.67-0.920.030.280.940.320.980.48-0.620.31.00.980.910.150.190.810.310.850.68-0.550.780.66
-0.93-0.45-0.92-0.66-0.92-0.18-0.05-0.88-0.26-0.91-0.550.6-0.05-0.93-0.93-0.98-0.01-0.05-0.85-0.14-0.92-0.850.74-0.93-0.88
-0.010.75-0.050.490.03-0.18-0.45-0.08-0.20.060.540.36-0.510.040.130.22-0.38-0.470.02-0.290.370.34-0.460.40.45
0.360.020.38-0.260.28-0.05-0.450.290.610.16-0.04-0.310.980.240.110.050.230.360.20.87-0.040.090.61-0.06-0.28
0.90.30.910.490.94-0.88-0.080.290.290.910.27-0.790.30.940.910.820.10.160.720.250.770.6-0.530.710.61
0.420.070.420.060.32-0.26-0.20.610.290.270.23-0.090.530.310.250.28-0.21-0.190.370.560.330.490.230.330.2
0.940.480.930.750.98-0.910.060.160.910.270.55-0.550.190.990.990.920.110.150.820.240.870.64-0.620.780.68
0.570.760.530.760.48-0.550.54-0.040.270.230.550.15-0.050.490.540.7-0.08-0.130.720.160.640.6-0.470.630.62
-0.610.07-0.64-0.01-0.620.60.36-0.31-0.79-0.09-0.550.15-0.31-0.62-0.54-0.5-0.16-0.18-0.47-0.15-0.42-0.390.3-0.42-0.38
0.38-0.040.4-0.260.3-0.05-0.510.980.30.530.19-0.05-0.310.250.120.060.390.530.220.86-0.090.020.6-0.11-0.32
0.950.450.950.691.0-0.930.040.240.940.310.990.49-0.620.250.990.920.110.160.810.290.870.68-0.580.790.68
0.920.480.910.790.98-0.930.130.110.910.250.990.54-0.540.120.990.930.080.10.80.170.90.67-0.660.810.72
0.940.530.930.740.91-0.980.220.050.820.280.920.7-0.50.060.920.930.030.050.920.170.920.84-0.720.920.87
0.19-0.340.2-0.020.15-0.01-0.380.230.1-0.210.11-0.08-0.160.390.110.080.030.780.220.01-0.28-0.310.13-0.29-0.25
0.24-0.220.26-0.160.19-0.05-0.470.360.16-0.190.15-0.13-0.180.530.160.10.050.780.150.38-0.24-0.260.22-0.25-0.31
0.920.370.90.620.81-0.850.020.20.720.370.820.72-0.470.220.810.80.920.220.150.220.740.73-0.550.750.74
0.40.260.4-0.130.31-0.14-0.290.870.250.560.240.16-0.150.860.290.170.170.010.380.220.120.220.50.1-0.16
0.810.620.80.780.85-0.920.37-0.040.770.330.870.64-0.42-0.090.870.90.92-0.28-0.240.740.120.87-0.730.960.89
0.740.50.730.510.68-0.850.340.090.60.490.640.6-0.390.020.680.670.84-0.31-0.260.730.220.87-0.560.960.9
-0.5-0.38-0.48-0.69-0.550.74-0.460.61-0.530.23-0.62-0.470.30.6-0.58-0.66-0.720.130.22-0.550.5-0.73-0.56-0.74-0.86
0.790.560.770.680.78-0.930.4-0.060.710.330.780.63-0.42-0.110.790.810.92-0.29-0.250.750.10.960.96-0.740.96
0.690.480.670.660.66-0.880.45-0.280.610.20.680.62-0.38-0.320.680.720.87-0.25-0.310.74-0.160.890.9-0.860.96
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Happy Creek Account Relationship Matchups

Happy Creek fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets18.0M19.3M18.8M18.7M18.5M18.4M
Total Current Liabilities143.5K224.2K70.9K280.0K183.8K130.4K
Total Stockholder Equity17.0M18.0M17.6M17.3M17.4M17.2M
Other Liab919.3K882.9K1.0M1.2M1.4M1.0M
Net Tangible Assets16.1M17.0M18.0M17.6M20.2M16.8M
Retained Earnings(8.0M)(8.5M)(9.4M)(9.7M)(10.4M)(10.9M)
Accounts Payable11.2K72.9K4.7K128.7K103.6K108.8K
Cash1.2M1.6M282.0K33.0K92.0K87.4K
Net Receivables30.7K73.6K51.5K5.7K15.9K29.0K
Other Stockholder Equity2.7M2.8M3.1M3.4M3.9M2.6M
Total Liab1.1M1.3M1.3M1.4M1.1M1.2M
Total Current Assets1.5M1.7M360.5K40.2K109.5K104.0K
Common Stock20.9M22.1M23.5M23.6M27.1M21.7M
Property Plant Equipment16.0M16.4M17.5M18.3M21.1M16.9M
Non Current Assets Total16.5M17.6M18.4M18.6M18.4M18.7M
Non Currrent Assets Other16.2M16.1M97K100K125K118.8K
Short Term Investments192.6K9.7K10.2K554.0498.6473.67
Non Current Liabilities Total915.7K1.1M1.2M1.1M911.1K1.1M
Other Current Liab100.5K106.1K16.3K1.3K1.2K1.1K
Common Stock Shares Outstanding105.0M122.7M124.2M124.5M137.5M125.7M
Net Invested Capital17.0M18.0M17.6M17.3M17.4M18.8M
Net Working Capital1.3M1.5M289.6K(239.8K)(74.3K)(70.6K)
Capital Stock22.1M23.5M23.6M23.6M24.2M25.3M

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