Highway Retained Earnings vs Net Invested Capital Analysis

HWY Stock

CAD 0.20 0.05 20.00%

Highway 50 financial indicator trend analysis is much more than just examining Highway 50 Gold latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Highway 50 Gold is a good investment. Please check the relationship between Highway 50 Retained Earnings and its Net Invested Capital accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Highway 50 Gold. 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.

Retained Earnings vs Net Invested Capital

Retained Earnings vs Net Invested Capital Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Highway 50 Gold Retained Earnings account and Net Invested Capital. At this time, the significance of the direction appears to have strong relationship.

The correlation between Highway 50's Retained Earnings and Net Invested Capital is 0.74. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Net Invested Capital in the same time period over historical financial statements of Highway 50 Gold, assuming nothing else is changed. The correlation between historical values of Highway 50's Retained Earnings and Net Invested 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 Retained Earnings of Highway 50 Gold are associated (or correlated) with its Net Invested Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Invested Capital has no effect on the direction of Retained Earnings i.e., Highway 50's Retained Earnings and Net Invested Capital go up and down completely randomly.

Correlation Coefficient

0.74

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Retained Earnings

The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.

Net Invested Capital

The total amount of capital invested in a company, including both equity and debt, minus any cash or cash equivalents.

Most indicators from Highway 50's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Highway 50 Gold 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 Highway 50 Gold. 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 573 K in 2024, whereas Issuance Of Capital Stock is likely to drop slightly above 419.7 K in 2024.

Highway 50 fundamental ratios Correlations

	Total Assets	Total Current Liabilities	Total Stockholder Equity	Net Tangible Assets	Retained Earnings	Accounts Payable	Cash	Other Assets	Net Receivables	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Common Stock	Property Plant Equipment	Non Current Assets Total	Non Currrent Assets Other	Other Current Liab	Common Stock Shares Outstanding	Net Invested Capital	Net Working Capital	Capital Stock	Property Plant And Equipment Net	Property Plant And Equipment Gross	Other Liab	Net Debt
Total Assets		0.22	0.92	0.64	0.08	-0.04	0.25	0.45	0.42	-0.3	0.27	0.3	0.25	0.32	0.29	0.87	0.06	-0.11	-0.04	0.61	-0.3	-0.14	0.81	0.81	0.63	-0.7
Total Current Liabilities	0.22		-0.08	-0.12	-0.38	-0.24	-0.12	-0.47	-0.33	-0.2	0.37	0.78	-0.14	0.36	0.32	0.26	-0.45	0.52	0.49	-0.09	-0.93	0.45	0.18	0.19	-0.02	-0.56
Total Stockholder Equity	0.92	-0.08		0.74	0.27	0.07	0.36	0.61	0.55	-0.19	0.07	-0.09	0.37	0.16	0.14	0.76	0.22	-0.26	-0.25	0.7	-0.02	-0.3	0.73	0.74	0.64	-0.56
Net Tangible Assets	0.64	-0.12	0.74		-0.19	-0.08	0.32	0.62	0.63	-0.49	0.37	-0.14	0.33	0.52	0.49	0.23	-0.1	0.08	0.1	0.08	-0.13	0.08	0.13	0.13	0.1	-0.17
Retained Earnings	0.08	-0.38	0.27	-0.19		0.57	0.48	0.32	0.2	0.7	-0.88	-0.49	0.49	-0.88	-0.86	0.31	0.88	-0.88	-0.96	0.74	0.51	-0.88	0.5	0.49	0.68	0.03
Accounts Payable	-0.04	-0.24	0.07	-0.08	0.57		0.76	0.08	0.5	0.32	-0.61	-0.3	0.77	-0.53	-0.65	-0.04	0.51	-0.5	-0.52	0.28	0.36	-0.48	0.12	0.11	0.27	0.18
Cash	0.25	-0.12	0.36	0.32	0.48	0.76		0.22	0.41	0.03	-0.41	-0.25	1.0	-0.32	-0.46	0.05	0.35	-0.34	-0.42	0.36	0.11	-0.31	0.22	0.22	0.29	-0.08
Other Assets	0.45	-0.47	0.61	0.62	0.32	0.08	0.22		0.73	-0.15	-0.17	-0.34	0.23	-0.04	-0.07	0.25	0.61	-0.61	-0.49	0.23	0.29	-0.63	0.26	0.24	0.42	0.21
Net Receivables	0.42	-0.33	0.55	0.63	0.2	0.5	0.41	0.73		-0.17	-0.12	-0.25	0.44	0.05	-0.03	0.18	0.42	-0.43	-0.33	0.16	0.23	-0.42	0.17	0.16	0.27	0.14
Other Current Assets	-0.3	-0.2	-0.19	-0.49	0.7	0.32	0.03	-0.15	-0.17		-0.73	-0.33	0.04	-0.77	-0.64	0.07	0.54	-0.56	-0.67	0.39	0.42	-0.53	0.13	0.12	0.29	0.17
Other Stockholder Equity	0.27	0.37	0.07	0.37	-0.88	-0.61	-0.41	-0.17	-0.12	-0.73		0.54	-0.42	0.96	0.96	0.06	-0.8	0.75	0.9	-0.41	-0.5	0.78	-0.13	-0.11	-0.29	-0.25
Total Liab	0.3	0.78	-0.09	-0.14	-0.49	-0.3	-0.25	-0.34	-0.25	-0.33	0.54		-0.27	0.44	0.42	0.34	-0.43	0.42	0.54	-0.17	-0.73	0.4	0.23	0.24	-0.01	-0.45
Total Current Assets	0.25	-0.14	0.37	0.33	0.49	0.77	1.0	0.23	0.44	0.04	-0.42	-0.27		-0.33	-0.46	0.06	0.37	-0.35	-0.44	0.36	0.12	-0.33	0.23	0.22	0.29	-0.07
Common Stock	0.32	0.36	0.16	0.52	-0.88	-0.53	-0.32	-0.04	0.05	-0.77	0.96	0.44	-0.33		0.97	0.03	-0.76	0.74	0.87	-0.44	-0.53	0.74	-0.17	-0.16	-0.31	-0.21
Property Plant Equipment	0.29	0.32	0.14	0.49	-0.86	-0.65	-0.46	-0.07	-0.03	-0.64	0.96	0.42	-0.46	0.97		0.06	-0.77	0.73	0.84	-0.41	-0.49	0.74	-0.17	-0.15	-0.31	-0.21
Non Current Assets Total	0.87	0.26	0.76	0.23	0.31	-0.04	0.05	0.25	0.18	0.07	0.06	0.34	0.06	0.03	0.06		0.21	-0.27	-0.21	0.79	-0.19	-0.31	0.96	0.96	0.8	-0.74
Non Currrent Assets Other	0.06	-0.45	0.22	-0.1	0.88	0.51	0.35	0.61	0.42	0.54	-0.8	-0.43	0.37	-0.76	-0.77	0.21		-0.98	-0.94	0.5	0.51	-0.99	0.37	0.35	0.63	0.3
Other Current Liab	-0.11	0.52	-0.26	0.08	-0.88	-0.5	-0.34	-0.61	-0.43	-0.56	0.75	0.42	-0.35	0.74	0.73	-0.27	-0.98		0.93	-0.55	-0.6	0.97	-0.42	-0.4	-0.66	-0.26
Common Stock Shares Outstanding	-0.04	0.49	-0.25	0.1	-0.96	-0.52	-0.42	-0.49	-0.33	-0.67	0.9	0.54	-0.44	0.87	0.84	-0.21	-0.94	0.93		-0.61	-0.56	0.94	-0.38	-0.36	-0.58	-0.19
Net Invested Capital	0.61	-0.09	0.7	0.08	0.74	0.28	0.36	0.23	0.16	0.39	-0.41	-0.17	0.36	-0.44	-0.41	0.79	0.5	-0.55	-0.61		0.21	-0.56	0.89	0.89	0.85	-0.57
Net Working Capital	-0.3	-0.93	-0.02	-0.13	0.51	0.36	0.11	0.29	0.23	0.42	-0.5	-0.73	0.12	-0.53	-0.49	-0.19	0.51	-0.6	-0.56	0.21		-0.5	-0.09	-0.09	0.1	0.48
Capital Stock	-0.14	0.45	-0.3	0.08	-0.88	-0.48	-0.31	-0.63	-0.42	-0.53	0.78	0.4	-0.33	0.74	0.74	-0.31	-0.99	0.97	0.94	-0.56	-0.5		-0.44	-0.42	-0.67	-0.23
Property Plant And Equipment Net	0.81	0.18	0.73	0.13	0.5	0.12	0.22	0.26	0.17	0.13	-0.13	0.23	0.23	-0.17	-0.17	0.96	0.37	-0.42	-0.38	0.89	-0.09	-0.44		1.0	0.88	-0.71
Property Plant And Equipment Gross	0.81	0.19	0.74	0.13	0.49	0.11	0.22	0.24	0.16	0.12	-0.11	0.24	0.22	-0.16	-0.15	0.96	0.35	-0.4	-0.36	0.89	-0.09	-0.42	1.0		0.87	-0.72
Other Liab	0.63	-0.02	0.64	0.1	0.68	0.27	0.29	0.42	0.27	0.29	-0.29	-0.01	0.29	-0.31	-0.31	0.8	0.63	-0.66	-0.58	0.85	0.1	-0.67	0.88	0.87		-0.33
Net Debt	-0.7	-0.56	-0.56	-0.17	0.03	0.18	-0.08	0.21	0.14	0.17	-0.25	-0.45	-0.07	-0.21	-0.21	-0.74	0.3	-0.26	-0.19	-0.57	0.48	-0.23	-0.71	-0.72	-0.33

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Highway 50 Account Relationship Matchups

Highway 50 fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	3.7M	4.1M	5.0M	4.9M	1.2M	1.2M
Total Current Liabilities	755.6K	199.9K	1.7M	422.6K	402.5K	470.3K
Total Stockholder Equity	2.9M	2.7M	3.3M	4.4M	843.7K	801.5K
Net Tangible Assets	3.2M	2.9M	2.7M	3.3M	3.0M	2.6M
Retained Earnings	(6.9M)	(7.9M)	(8.7M)	(7.5M)	(11.9M)	(11.3M)
Accounts Payable	15.6K	16.9K	974.0	6.8K	6.1K	5.8K
Cash	159.4K	126.0K	651.0K	287.1K	142.9K	135.8K
Other Assets	120.3K	91.2K	89.3K	33.5K	30.2K	28.7K
Net Receivables	11.9K	16.2K	2.7K	2.9K	1.8K	1.7K
Other Stockholder Equity	1.5M	1.5M	2.1M	2.1M	2.5M	1.5M
Total Liab	755.6K	1.4M	1.8M	440.8K	402.5K	595.0K
Total Current Assets	173.1K	143.3K	654.9K	295.1K	152.2K	144.6K
Common Stock	8.1M	8.3M	8.5M	9.8M	11.3M	7.7M
Property Plant Equipment	3.2M	3.4M	3.9M	4.3M	5.0M	3.4M
Non Current Assets Total	3.5M	4.0M	4.4M	4.6M	1.1M	1.0M
Non Currrent Assets Other	91.2K	89.3K	33.5K	17.3K	16.9K	16.1K
Other Current Liab	352.0	740K	183K	1.3M	1.5M	1.6M
Common Stock Shares Outstanding	35.0M	36.9M	37.7M	41.6M	45.8M	42.3M
Net Invested Capital	2.9M	3.0M	3.6M	4.8M	1.2M	1.2M
Net Working Capital	(582.5K)	(56.6K)	(1.1M)	(127.6K)	(250.3K)	(262.8K)

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