High Tide Financials

HITI Stock  USD 2.07  0.36  14.81%   
Based on the measurements of operating efficiency obtained from High Tide's historical financial statements, High Tide may be sliding down financialy. It has an above-average risk of going through some form of financial straits next quarter. As of now, High Tide's Common Stock Shares Outstanding is increasing as compared to previous years. The High Tide's current Short Term Investments is estimated to increase to about 859.7 K, while Total Assets are projected to decrease to under 157.9 M. Key indicators impacting High Tide's financial strength include:
Current ValueLast YearChange From Last Year 10 Year Trend
Current Ratio1.761.6
Significantly Up
Pretty Stable
The financial analysis of High Tide is a critical element in measuring its lifeblood. Investors should not minimize High Tide's ability to pay suppliers or employees on time, ensuring interest payments are not accumulating.

Net Income

(4.1 Million)

  
Understanding current and past High Tide Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of High Tide's financial statements are interrelated, with each one affecting the others. For example, an increase in High Tide's assets may result in an increase in income on the income statement.

High Tide Stock Summary

High Tide competes with SunLink Health, and PetMed Express. High Tide Inc. engages in the cannabis retail business in Canada, Europe, the United States, and internationally. High Tide Inc. was founded in 2009 and is headquartered in Calgary, Canada. High Tide operates under Pharmaceutical Retailers classification in the United States and is traded on NASDAQ Exchange. It employs 996 people.
Foreign Associate
  Canada
Specialization
Consumer Staples, Consumer Staples Distribution & Retail
InstrumentUSA Stock View All
ExchangeNASDAQ Exchange
ISINCA42981E4013
CUSIP42981E401 42981E104
LocationCanada (Federal Level)
Business Address11127 - 15
SectorConsumer Staples Distribution & Retail
IndustryConsumer Staples
BenchmarkDow Jones Industrial
Websitewww.hightideinc.com
Phone403 770 9435
CurrencyUSD - US Dollar

High Tide Key Financial Ratios

High Tide Key Balance Sheet Accounts

202020212022202320242025 (projected)
Total Assets246.2M274.7M233.4M246.2M283.1M157.9M
Other Current Liab17.4M14.0M16.2M9.8M11.2M10.8M
Net Tangible Assets(2.6M)(7.9M)4.9M10.9M12.5M13.1M
Net Debt41.4M44.8M42.4M27.3M31.4M28.9M
Retained Earnings(34.4M)(87.8M)(168.1M)(205.9M)(185.3M)(176.1M)
Accounts Payable8.7M7.7M8.4M8.1M9.3M6.2M
Cash14.0M25.1M30.1M47.3M54.4M57.1M
Other Assets3.0M4.9M3.2M80.3M92.4M97.0M
Net Receivables2.7M6.5M7.9M7.6M8.7M5.6M
Inventory5.7M17.0M23.4M26.0M29.9M15.4M
Other Current Assets7.9M7.5M4.8M5.5M6.3M4.7M
Total Liab94.2M112.7M99.7M100.7M115.8M71.5M
Net Invested Capital172.9M192.5M169.0M177.7M204.3M110.1M
Short Long Term Debt6.5M19.1M25.0M26.9M30.9M32.4M
Total Current Assets46.3M64.1M68.6M5.5M6.3M6.0M
Net Working Capital5.5M4.1M10.5M24.3M28.0M29.4M
Short Term Debt12.3M26.7M32.2M35.7M41.0M43.1M
Common Stock32.6M208.9M279.5M288.0M331.2M347.8M
Capital Stock208.9M279.5M288.0M300.6M345.7M184.1M
Intangible Assets62.3M62.1M27.3M19.4M22.4M30.2M
Long Term Debt19.1M17.0M12.5M7.5M6.8M12.0M
Good Will79.9M83.4M76.2M73.4M84.4M59.2M

High Tide Key Income Statement Accounts

202020212022202320242025 (projected)
Tax Provision(730K)(2.9M)(7.6M)(593K)(533.7K)(560.4K)
Net Interest Income(15.1M)(9.9M)(11.6M)(12.8M)(11.5M)(12.1M)
Interest Expense10.2M9.9M11.6M12.8M14.7M7.5M
Total Revenue181.1M356.9M487.7M142.5M163.9M178.9M
Gross Profit64.0M101.0M131.3M142.5M163.9M172.1M
Operating Income(18.7M)(20.1M)(41.4M)5.0M4.5M4.7M
Ebit(18.7M)(63.8M)29.9M8.4M9.6M10.1M
Ebitda4.8M(33.6M)30.0M33.8M38.8M40.8M
Cost Of Revenue52.5M117.1M255.9M356.4M409.8M430.3M
Income Before Tax(35.8M)(73.8M)(48.6M)(4.4M)(4.0M)(4.2M)
Net Income(35.0M)(70.8M)(39.3M)(4.3M)(3.9M)(4.1M)
Income Tax Expense(730K)(2.9M)(7.6M)(593K)(533.7K)(560.4K)
Minority Interest(680K)(908K)1.6M(526K)(604.9K)(574.7K)

High Tide Key Cash Accounts

202020212022202320242025 (projected)
Change To Inventory(5.5M)(2.9M)(2.9M)(3.3M)(3.0M)(2.8M)
Investments(507K)(8.6M)(5.7M)(11.0M)(9.9M)(9.4M)
Change In Cash6.5M11.1M5.0M17.1M19.7M20.7M
Net Borrowings24.9M3.7M(10.1M)(1.9M)(1.7M)(1.6M)
Free Cash Flow(13.5M)(4.6M)14.6M25.8M29.7M31.1M
Depreciation23.6M30.2M32.8M25.4M29.2M16.5M
Other Non Cash Items14.4M44.6M36.3M8.5M9.8M15.9M
Capital Expenditures10.7M9.1M6.1M9.8M11.2M7.3M
Net Income(35.0M)(70.8M)(41.0M)(3.8M)(3.4M)(3.6M)
End Period Cash Flow14.0M25.1M30.1M47.3M54.4M57.1M
Change To Netincome8.2M2.2M16.4M48.3M55.6M58.3M

High Financial Ratios Relationships

Comparative valuation techniques use various fundamental indicators to help in determining High Tide's current stock value. Our valuation model uses many indicators to compare High Tide value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across High Tide competition to find correlations between indicators driving High Tide's intrinsic value. More Info.
High Tide is one of the top stocks in return on equity category among its peers. It also is one of the top stocks in return on asset category among its peers . As of now, High Tide's Return On Equity is decreasing as compared to previous years. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the High Tide's earnings, one of the primary drivers of an investment's value.

High Tide Systematic Risk

High Tide's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. High Tide volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was thirty with a total number of output elements of thirty-one. The Beta measures systematic risk based on how returns on High Tide correlated with the market. If Beta is less than 0 High Tide generally moves in the opposite direction as compared to the market. If High Tide Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one High Tide is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of High Tide is generally in the same direction as the market. If Beta > 1 High Tide moves generally in the same direction as, but more than the movement of the benchmark.
Today, most investors in High Tide Stock are looking for potential investment opportunities by analyzing not only static indicators but also various High Tide's growth ratios. Consistent increases or decreases in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's growth growth rates may not be enough to decide which company is a better investment. That's why investors frequently use static breakdown of High Tide growth as a starting point in their analysis.

Price Earnings To Growth Ratio

0.76

As of now, High Tide's Price Earnings To Growth Ratio is increasing as compared to previous years.

High Tide March 19, 2025 Opportunity Range

Along with financial statement analysis, the daily predictive indicators of High Tide help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of High Tide. We use our internally-developed statistical techniques to arrive at the intrinsic value of High Tide based on widely used predictive technical indicators. In general, we focus on analyzing High Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build High Tide's daily price indicators and compare them against related drivers.

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When running High Tide's price analysis, check to measure High Tide'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 High Tide is operating at the current time. Most of High Tide's value examination focuses on studying past and present price action to predict the probability of High Tide's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move High Tide's price. Additionally, you may evaluate how the addition of High Tide to your portfolios can decrease your overall portfolio volatility.
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