High Current Deferred Revenue vs Net Receivables Analysis

HWO Stock

CAD 1.15 0.01 0.88%

High Arctic financial indicator trend analysis is much more than just examining High Arctic Energy latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether High Arctic Energy is a good investment. Please check the relationship between High Arctic Current Deferred Revenue and its Net Receivables accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in High Arctic Energy. 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.

Current Deferred Revenue vs Net Receivables

Current Deferred Revenue vs Net Receivables Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of High Arctic Energy Current Deferred Revenue account and Net Receivables. At this time, the significance of the direction appears to have weak relationship.

The correlation between High Arctic's Current Deferred Revenue and Net Receivables is 0.38. Overlapping area represents the amount of variation of Current Deferred Revenue that can explain the historical movement of Net Receivables in the same time period over historical financial statements of High Arctic Energy, assuming nothing else is changed. The correlation between historical values of High Arctic's Current Deferred Revenue and Net Receivables is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Current Deferred Revenue of High Arctic Energy are associated (or correlated) with its Net Receivables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Receivables has no effect on the direction of Current Deferred Revenue i.e., High Arctic's Current Deferred Revenue and Net Receivables go up and down completely randomly.

Correlation Coefficient

0.38

Relationship Direction	Positive
Relationship Strength	Very Weak

View All Relationships

Current Deferred Revenue

Revenue that has been collected but not yet earned, typically from prepaid service contracts or subscriptions. This amount is considered a liability until the service is provided or the subscription period ends.

Net Receivables

Most indicators from High Arctic's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into High Arctic Energy 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 Arctic Energy. 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 Arctic's Selling General Administrative is very stable compared to the past year. As of the 29th of November 2024, Sales General And Administrative To Revenue is likely to grow to 0.17, though Tax Provision is likely to grow to (3.2 M).

	2021	2022	2023	2024 (projected)
Interest Expense	670K	1.4M	368K	349.6K
Depreciation And Amortization	23.6M	17.1M	10.0M	19.2M

Interest Expense Depreciation And Amortization

High Arctic fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Cash	Non Current Liabilities Total	Current Deferred Revenue	Common Stock Total Equity	Common Stock
Total Assets		0.05	0.63	0.55	0.95	0.88	-0.03	0.72	0.41	0.9	0.43	0.12	0.65	0.42	0.67	-0.05	-0.45	0.7	0.43	0.67	0.2	-0.02	-0.24	0.07	0.52	0.42
Short Long Term Debt Total	0.05		0.05	0.47	-0.05	0.22	0.56	0.1	0.52	0.2	-0.35	-0.14	-0.11	-0.03	-0.22	0.05	0.23	0.57	0.01	-0.23	0.67	-0.2	0.16	0.1	0.21	0.21
Other Current Liab	0.63	0.05		0.73	0.59	0.49	-0.14	0.38	0.18	0.49	0.14	0.33	0.71	0.41	0.33	-0.5	-0.22	0.63	0.07	0.8	0.52	0.2	-0.37	-0.02	0.48	0.45
Total Current Liabilities	0.55	0.47	0.73		0.37	0.58	0.34	0.59	0.75	0.56	0.05	-0.06	0.65	-0.08	0.02	-0.21	-0.12	0.86	0.05	0.41	0.85	-0.19	0.2	0.37	0.55	0.47
Total Stockholder Equity	0.95	-0.05	0.59	0.37		0.86	-0.16	0.64	0.17	0.88	0.44	0.26	0.53	0.65	0.77	-0.15	-0.44	0.57	0.46	0.72	0.05	0.13	-0.46	-0.11	0.55	0.51
Property Plant And Equipment Net	0.88	0.22	0.49	0.58	0.86		0.29	0.9	0.48	1.0	0.45	-0.06	0.54	0.34	0.54	-0.08	-0.31	0.77	0.37	0.43	0.28	-0.19	-0.05	0.23	0.73	0.66
Net Debt	-0.03	0.56	-0.14	0.34	-0.16	0.29		0.38	0.49	0.26	0.02	-0.81	0.23	-0.39	-0.21	0.3	0.32	0.48	0.1	-0.5	0.3	-0.83	0.59	0.57	0.21	0.1
Retained Earnings	0.72	0.1	0.38	0.59	0.64	0.9	0.38		0.54	0.89	0.47	-0.23	0.52	-0.02	0.29	-0.12	-0.21	0.68	0.13	0.24	0.31	-0.31	0.3	0.45	0.71	0.6
Accounts Payable	0.41	0.52	0.18	0.75	0.17	0.48	0.49	0.54		0.46	0.17	-0.36	0.33	-0.4	-0.14	0.28	-0.15	0.69	0.14	-0.07	0.64	-0.42	0.52	0.56	0.29	0.15
Non Current Assets Total	0.9	0.2	0.49	0.56	0.88	1.0	0.26	0.89	0.46		0.45	-0.04	0.54	0.35	0.58	-0.06	-0.34	0.76	0.41	0.45	0.25	-0.17	-0.07	0.21	0.7	0.64
Non Currrent Assets Other	0.43	-0.35	0.14	0.05	0.44	0.45	0.02	0.47	0.17	0.45		-0.15	0.34	0.11	0.39	-0.1	-0.13	0.22	0.12	0.2	-0.3	-0.13	-0.02	0.41	0.16	0.06
Cash And Short Term Investments	0.12	-0.14	0.33	-0.06	0.26	-0.06	-0.81	-0.23	-0.36	-0.04	-0.15		-0.27	0.56	0.29	-0.51	-0.28	-0.1	-0.08	0.63	0.01	0.97	-0.63	-0.66	-0.04	0.19
Net Receivables	0.65	-0.11	0.71	0.65	0.53	0.54	0.23	0.52	0.33	0.54	0.34	-0.27		0.07	0.37	-0.09	-0.25	0.56	0.26	0.56	0.3	-0.41	0.01	0.38	0.44	0.28
Common Stock Shares Outstanding	0.42	-0.03	0.41	-0.08	0.65	0.34	-0.39	-0.02	-0.4	0.35	0.11	0.56	0.07		0.59	-0.35	-0.11	0.15	0.28	0.59	-0.16	0.45	-0.94	-0.59	0.28	0.36
Inventory	0.67	-0.22	0.33	0.02	0.77	0.54	-0.21	0.29	-0.14	0.58	0.39	0.29	0.37	0.59		0.1	-0.41	0.3	0.73	0.68	-0.35	0.21	-0.45	-0.24	0.04	0.21
Other Current Assets	-0.05	0.05	-0.5	-0.21	-0.15	-0.08	0.3	-0.12	0.28	-0.06	-0.1	-0.51	-0.09	-0.35	0.1		-0.15	-0.1	0.66	-0.42	-0.26	-0.46	0.33	0.1	-0.39	-0.38
Other Stockholder Equity	-0.45	0.23	-0.22	-0.12	-0.44	-0.31	0.32	-0.21	-0.15	-0.34	-0.13	-0.28	-0.25	-0.11	-0.41	-0.15		-0.11	-0.38	-0.47	-0.02	-0.25	0.08	-0.02	-0.08	-0.15
Total Liab	0.7	0.57	0.63	0.86	0.57	0.77	0.48	0.68	0.69	0.76	0.22	-0.1	0.56	0.15	0.3	-0.1	-0.11		0.26	0.37	0.62	-0.23	0.08	0.29	0.47	0.4
Property Plant And Equipment Gross	0.43	0.01	0.07	0.05	0.46	0.37	0.1	0.13	0.14	0.41	0.12	-0.08	0.26	0.28	0.73	0.66	-0.38	0.26		0.28	-0.2	-0.12	-0.18	-0.16	-0.07	0.07
Total Current Assets	0.67	-0.23	0.8	0.41	0.72	0.43	-0.5	0.24	-0.07	0.45	0.2	0.63	0.56	0.59	0.68	-0.42	-0.47	0.37	0.28		0.15	0.49	-0.56	-0.29	0.28	0.38
Short Term Debt	0.2	0.67	0.52	0.85	0.05	0.28	0.3	0.31	0.64	0.25	-0.3	0.01	0.3	-0.16	-0.35	-0.26	-0.02	0.62	-0.2	0.15		-0.07	0.22	0.21	0.52	0.45
Cash	-0.02	-0.2	0.2	-0.19	0.13	-0.19	-0.83	-0.31	-0.42	-0.17	-0.13	0.97	-0.41	0.45	0.21	-0.46	-0.25	-0.23	-0.12	0.49	-0.07		-0.56	-0.64	-0.18	0.06
Non Current Liabilities Total	-0.24	0.16	-0.37	0.2	-0.46	-0.05	0.59	0.3	0.52	-0.07	-0.02	-0.63	0.01	-0.94	-0.45	0.33	0.08	0.08	-0.18	-0.56	0.22	-0.56		0.68	-0.08	-0.14
Current Deferred Revenue	0.07	0.1	-0.02	0.37	-0.11	0.23	0.57	0.45	0.56	0.21	0.41	-0.66	0.38	-0.59	-0.24	0.1	-0.02	0.29	-0.16	-0.29	0.21	-0.64	0.68		0.18	0.05
Common Stock Total Equity	0.52	0.21	0.48	0.55	0.55	0.73	0.21	0.71	0.29	0.7	0.16	-0.04	0.44	0.28	0.04	-0.39	-0.08	0.47	-0.07	0.28	0.52	-0.18	-0.08	0.18		0.89
Common Stock	0.42	0.21	0.45	0.47	0.51	0.66	0.1	0.6	0.15	0.64	0.06	0.19	0.28	0.36	0.21	-0.38	-0.15	0.4	0.07	0.38	0.45	0.06	-0.14	0.05	0.89

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High Arctic Account Relationship Matchups

High Arctic fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	251.8M	214.2M	185.5M	134.0M	123.1M	201.6M
Short Long Term Debt Total	10.7M	19.2M	16.5M	5.7M	6.2M	5.9M
Other Current Liab	10.9M	(19K)	664K	7.5M	9.5M	8.1M
Total Current Liabilities	26.2M	11M	15.4M	9.8M	16.5M	15.6M
Total Stockholder Equity	205.6M	177.3M	148.9M	115.2M	99.3M	131.1M
Property Plant And Equipment Net	181.5M	147.8M	130.6M	54.3M	30.2M	28.7M
Net Debt	1.4M	(13.4M)	4.5M	(13.9M)	(44.2M)	(42.0M)
Retained Earnings	(2.2M)	(29.7M)	(58.1M)	(96.9M)	(112.2M)	(117.8M)
Accounts Payable	13.1M	9.1M	13.4M	1.6M	5.4M	10.0M
Non Current Assets Total	189.1M	158.4M	140.3M	64.7M	43.7M	41.5M
Cash And Short Term Investments	9.3M	32.6M	12.0M	19.6M	50.3M	26.2M
Net Receivables	43.1M	12.9M	21.7M	39.6M	18.9M	32.3M
Common Stock Shares Outstanding	50.0M	49.5M	48.8M	48.7M	48.7M	42.2M
Liabilities And Stockholders Equity	251.8M	214.2M	185.5M	134.0M	123.1M	201.6M
Other Current Assets	1M	1.0M	2.2M	1.0M	851K	1.4M
Other Stockholder Equity	9.9M	13.8M	13.8M	14.7M	14.6M	13.8M
Total Liab	46.2M	36.9M	36.6M	18.7M	23.8M	22.6M
Property Plant And Equipment Gross	181.5M	147.8M	378.5M	215.0M	179.8M	156.0M
Total Current Assets	62.7M	55.8M	45.1M	69.3M	79.4M	66.4M
Accumulated Other Comprehensive Income	24.8M	24M	23.4M	27.9M	27.0M	28.3M
Short Term Debt	1.6M	1.5M	1.4M	490K	1.1M	1.1M
Cash	9.3M	32.6M	12.0M	19.6M	50.3M	26.5M
Non Current Liabilities Total	20M	25.9M	21.2M	8.9M	7.4M	7.0M
Current Deferred Revenue	1M	200K	10M	(175K)	(157.5K)	(149.6K)
Common Stock Total Equity	195.5M	187.5M	183M	169.3M	152.4M	149.7M
Common Stock	173.1M	169.3M	169.7M	169.6M	170.0M	141.5M
Other Liab	10.2M	8.1M	6.1M	3.9M	4.5M	8.1M
Net Tangible Assets	205.6M	177.3M	148.9M	115.2M	103.7M	145.7M
Property Plant Equipment	181.5M	147.8M	130.6M	54.3M	48.9M	46.5M
Short Term Investments	2.4M	1M	0.0	3.0M	2.7M	2.9M
Long Term Debt Total	9.1M	17.8M	15.1M	5.0M	5.8M	7.2M
Capital Surpluse	9.9M	13.7M	13.8M	14.7M	16.9M	12.3M
Capital Lease Obligations	10.7M	9.2M	8.4M	1.5M	2.8M	5.1M
Net Invested Capital	205.6M	187.3M	156.6M	119.3M	102.7M	141.3M
Net Working Capital	35.8M	44.8M	29.7M	59.5M	63.0M	53.9M

Pair Trading with High Arctic

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 Arctic 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 Arctic will appreciate offsetting losses from the drop in the long position's value.

Moving against High Stock

0.55	ENB-PFU	Enbridge Pref L	Pair Corr
0.53	ENB-PFV	Enbridge Pref 5	Pair Corr
0.4	ENS	E Split Corp	Pair Corr

The ability to find closely correlated positions to High Arctic 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 Arctic 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 Arctic - 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 Arctic Energy to buy it.

The correlation of High Arctic 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 Arctic moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if High Arctic Energy 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 Arctic 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 Arctic Energy at a specified time, usually calculated after every quarter, six months, or one year. High Arctic Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of High Arctic 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 Current Deferred Revenue vs Net Receivables Analysis

Current Deferred Revenue vs Net Receivables

Current Deferred Revenue vs Net Receivables Correlation Analysis

Correlation Coefficient

Current Deferred Revenue

Net Receivables

High Arctic fundamental ratios Correlations

High Arctic Account Relationship Matchups

High Positive Relationship

High Negative Relationship

High Arctic fundamental ratios Accounts

Pair Trading with High Arctic

Moving against High Stock

Other Information on Investing in High Stock

COMMON DESTINATIONS

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Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Cash	+ 0.97	Cash And Short Term Investments
Total Stockholder Equity	+ 0.95	Total Assets
Non Current Assets Total	+ 0.9	Total Assets
Retained Earnings	+ 0.9	Property Plant And Equipment Net
Non Current Assets Total	+ 0.89	Retained Earnings

Non Current Liabilities Total	- 0.94	Common Stock Shares Outstanding
Cash	- 0.83	Net Debt
Cash And Short Term Investments	- 0.81	Net Debt
Current Deferred Revenue	- 0.66	Cash And Short Term Investments
Current Deferred Revenue	- 0.64	Cash
Non Current Liabilities Total	- 0.63	Cash And Short Term Investments