Highbroad Net Income vs Capital Expenditures Analysis

301321 Stock

13.42 0.81 5.69%

Highbroad Advanced financial indicator trend analysis is much more than just examining Highbroad Advanced latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Highbroad Advanced is a good investment. Please check the relationship between Highbroad Advanced Net Income and its Capital Expenditures accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Highbroad Advanced Material. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Net Income vs Capital Expenditures

Net Income vs Capital Expenditures Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Highbroad Advanced Net Income account and Capital Expenditures. At this time, the significance of the direction appears to have pay attention.

The correlation between Highbroad Advanced's Net Income and Capital Expenditures is -0.79. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Capital Expenditures in the same time period over historical financial statements of Highbroad Advanced Material, assuming nothing else is changed. The correlation between historical values of Highbroad Advanced's Net Income and Capital Expenditures 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 Income of Highbroad Advanced Material are associated (or correlated) with its Capital Expenditures. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capital Expenditures has no effect on the direction of Net Income i.e., Highbroad Advanced's Net Income and Capital Expenditures go up and down completely randomly.

Correlation Coefficient

-0.79

Relationship Direction	Negative
Relationship Strength	Weak

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Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in Highbroad Advanced financial statement analysis. It represents the amount of money remaining after all of Highbroad Advanced Material operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

Capital Expenditures

Capital Expenditures are funds used by Highbroad Advanced to acquire physical assets such as property, industrial buildings or equipment. This type of outlay is used by management to increase the scope of Highbroad Advanced operations. These expenditures can include everything from repairing an office equipment, building a brand new facility, or writing new software.

Most indicators from Highbroad Advanced's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Highbroad Advanced 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Highbroad Advanced Material. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

The current year's Tax Provision is expected to grow to about 1.6 M. The current year's Selling General Administrative is expected to grow to about 85.8 M

	2022	2023	2024	2025 (projected)
Interest Expense	28.5M	41.2M	37.1M	35.2M
Interest Income	6.6M	6.4M	5.8M	5.2M

Interest Expense Interest Income

Highbroad Advanced fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Net Receivables	Good Will	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Total Liab	Net Invested Capital	Short Long Term Debt	Total Current Assets	Capital Stock	Net Working Capital	Intangible Assets	Property Plant And Equipment Net	Long Term Debt	Capital Lease Obligations
Total Assets		0.7	0.98	0.94	0.82	0.95	0.99	0.82	0.98	0.7	0.8	-0.88	0.96	0.9	0.97	0.59	0.99	1.0	0.51	0.93	0.98	0.75	0.96	0.95	0.86	-0.92
Other Current Liab	0.7		0.68	0.45	0.78	0.53	0.75	0.24	0.75	0.15	0.76	-0.6	0.58	0.72	0.69	0.93	0.79	0.69	-0.03	0.54	0.81	0.29	0.54	0.81	0.76	-0.74
Total Current Liabilities	0.98	0.68		0.94	0.8	0.96	0.99	0.86	0.94	0.74	0.77	-0.86	0.98	0.89	1.0	0.5	0.95	0.97	0.64	0.95	0.96	0.75	0.95	0.91	0.85	-0.87
Total Stockholder Equity	0.94	0.45	0.94		0.71	0.99	0.93	0.96	0.86	0.76	0.75	-0.79	0.96	0.81	0.93	0.33	0.87	0.95	0.71	0.98	0.88	0.89	0.94	0.8	0.75	-0.77
Net Debt	0.82	0.78	0.8	0.71		0.73	0.85	0.54	0.82	0.37	0.81	-0.83	0.72	0.97	0.77	0.74	0.85	0.82	0.24	0.74	0.83	0.57	0.74	0.86	0.99	-0.86
Retained Earnings	0.95	0.53	0.96	0.99	0.73		0.94	0.95	0.86	0.7	0.81	-0.76	0.96	0.82	0.95	0.39	0.88	0.95	0.71	1.0	0.9	0.9	0.91	0.81	0.76	-0.76
Accounts Payable	0.99	0.75	0.99	0.93	0.85	0.94		0.8	0.97	0.66	0.83	-0.87	0.96	0.91	0.98	0.62	0.98	0.99	0.52	0.94	0.99	0.74	0.94	0.95	0.88	-0.91
Cash	0.82	0.24	0.86	0.96	0.54	0.95	0.8		0.71	0.76	0.63	-0.65	0.9	0.67	0.84	0.1	0.72	0.83	0.84	0.94	0.74	0.91	0.84	0.63	0.59	-0.6
Non Current Assets Total	0.98	0.75	0.94	0.86	0.82	0.86	0.97	0.71		0.7	0.73	-0.92	0.92	0.9	0.94	0.65	0.99	0.97	0.37	0.84	0.98	0.61	0.95	0.99	0.87	-0.97
Non Currrent Assets Other	0.7	0.15	0.74	0.76	0.37	0.7	0.66	0.76	0.7		0.17	-0.78	0.81	0.58	0.75	-0.08	0.64	0.68	0.74	0.64	0.62	0.43	0.84	0.63	0.5	-0.67
Net Receivables	0.8	0.76	0.77	0.75	0.81	0.81	0.83	0.63	0.73	0.17		-0.53	0.7	0.75	0.76	0.76	0.8	0.82	0.28	0.84	0.82	0.81	0.63	0.73	0.76	-0.63
Good Will	-0.88	-0.6	-0.86	-0.79	-0.83	-0.76	-0.87	-0.65	-0.92	-0.78	-0.53		-0.85	-0.93	-0.85	-0.47	-0.89	-0.87	-0.41	-0.73	-0.86	-0.46	-0.93	-0.93	-0.91	0.97
Common Stock Shares Outstanding	0.96	0.58	0.98	0.96	0.72	0.96	0.96	0.9	0.92	0.81	0.7	-0.85		0.83	0.99	0.39	0.92	0.96	0.7	0.94	0.94	0.76	0.95	0.88	0.78	-0.84
Non Current Liabilities Total	0.9	0.72	0.89	0.81	0.97	0.82	0.91	0.67	0.9	0.58	0.75	-0.93	0.83		0.87	0.63	0.91	0.9	0.38	0.81	0.89	0.6	0.87	0.92	0.99	-0.93
Inventory	0.97	0.69	1.0	0.93	0.77	0.95	0.98	0.84	0.94	0.75	0.76	-0.85	0.99	0.87		0.5	0.95	0.97	0.64	0.93	0.97	0.72	0.93	0.91	0.83	-0.87
Other Current Assets	0.59	0.93	0.5	0.33	0.74	0.39	0.62	0.1	0.65	-0.08	0.76	-0.47	0.39	0.63	0.5		0.69	0.59	-0.3	0.42	0.68	0.26	0.41	0.72	0.69	-0.65
Total Liab	0.99	0.79	0.95	0.87	0.85	0.88	0.98	0.72	0.99	0.64	0.8	-0.89	0.92	0.91	0.95	0.69		0.98	0.38	0.87	0.99	0.66	0.93	0.99	0.89	-0.95
Net Invested Capital	1.0	0.69	0.97	0.95	0.82	0.95	0.99	0.83	0.97	0.68	0.82	-0.87	0.96	0.9	0.97	0.59	0.98		0.5	0.94	0.98	0.77	0.96	0.95	0.86	-0.91
Short Long Term Debt	0.51	-0.03	0.64	0.71	0.24	0.71	0.52	0.84	0.37	0.74	0.28	-0.41	0.7	0.38	0.64	-0.3	0.38	0.5		0.68	0.42	0.64	0.57	0.29	0.3	-0.27
Total Current Assets	0.93	0.54	0.95	0.98	0.74	1.0	0.94	0.94	0.84	0.64	0.84	-0.73	0.94	0.81	0.93	0.42	0.87	0.94	0.68		0.89	0.92	0.88	0.79	0.76	-0.74
Capital Stock	0.98	0.81	0.96	0.88	0.83	0.9	0.99	0.74	0.98	0.62	0.82	-0.86	0.94	0.89	0.97	0.68	0.99	0.98	0.42	0.89		0.68	0.91	0.97	0.87	-0.92
Net Working Capital	0.75	0.29	0.75	0.89	0.57	0.9	0.74	0.91	0.61	0.43	0.81	-0.46	0.76	0.6	0.72	0.26	0.66	0.77	0.64	0.92	0.68		0.68	0.54	0.55	-0.47
Intangible Assets	0.96	0.54	0.95	0.94	0.74	0.91	0.94	0.84	0.95	0.84	0.63	-0.93	0.95	0.87	0.93	0.41	0.93	0.96	0.57	0.88	0.91	0.68		0.92	0.82	-0.92
Property Plant And Equipment Net	0.95	0.81	0.91	0.8	0.86	0.81	0.95	0.63	0.99	0.63	0.73	-0.93	0.88	0.92	0.91	0.72	0.99	0.95	0.29	0.79	0.97	0.54	0.92		0.91	-0.98
Long Term Debt	0.86	0.76	0.85	0.75	0.99	0.76	0.88	0.59	0.87	0.5	0.76	-0.91	0.78	0.99	0.83	0.69	0.89	0.86	0.3	0.76	0.87	0.55	0.82	0.91		-0.92
Capital Lease Obligations	-0.92	-0.74	-0.87	-0.77	-0.86	-0.76	-0.91	-0.6	-0.97	-0.67	-0.63	0.97	-0.84	-0.93	-0.87	-0.65	-0.95	-0.91	-0.27	-0.74	-0.92	-0.47	-0.92	-0.98	-0.92

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Highbroad Advanced Account Relationship Matchups

Highbroad Advanced fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	3.0B	3.5B	3.9B	4.7B	5.4B	3.8B
Other Current Liab	21.4M	30.3M	26.9M	40.0M	46.0M	32.5M
Total Current Liabilities	1.4B	1.7B	1.7B	1.7B	2.0B	1.7B
Total Stockholder Equity	1.2B	1.4B	1.3B	1.3B	1.5B	1.3B
Retained Earnings	478.3M	571.2M	484.0M	534.8M	615.0M	527.6M
Accounts Payable	825.5M	981.1M	967.1M	1.1B	1.3B	1.0B
Cash	773.6M	933.6M	740.3M	644.3M	740.9M	737.0M
Non Current Assets Total	1.1B	1.4B	2.2B	2.6B	3.0B	1.8B
Non Currrent Assets Other	38.7M	79.0M	188.7M	62.6M	72.0M	83.8M
Net Receivables	743.8M	794.4M	528.3M	858.3M	987.1M	781.7M
Good Will	22.4M	22.4M	5.0M	6.3M	5.6M	5.3M
Non Current Liabilities Total	231.8M	304.2M	750.6M	1.5B	1.7B	1.8B
Inventory	243.5M	353.4M	340.4M	359.5M	413.5M	335.6M
Other Current Assets	60.3M	57.7M	48.0M	124.9M	143.7M	80.7M
Total Liab	1.6B	2.0B	2.4B	3.2B	3.7B	2.3B
Net Invested Capital	1.7B	2.1B	2.2B	2.8B	3.2B	2.2B
Short Long Term Debt	430.0M	570.1M	497.7M	369.1M	424.4M	493.4M
Total Current Assets	1.9B	2.2B	1.7B	2.0B	2.4B	2.0B
Net Working Capital	478.8M	470.1M	38.0M	320.6M	368.7M	281.0M
Intangible Assets	135.5M	135.0M	184.6M	167.9M	193.1M	159.2M

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Other Information on Investing in Highbroad Stock

Balance Sheet is a snapshot of the financial position of Highbroad Advanced at a specified time, usually calculated after every quarter, six months, or one year. Highbroad Advanced Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Highbroad Advanced 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 Highbroad currently owns. An asset can also be divided into two categories, current and non-current.

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Highbroad Net Income vs Capital Expenditures Analysis

Net Income vs Capital Expenditures

Net Income vs Capital Expenditures Correlation Analysis

Correlation Coefficient

Net Income

Capital Expenditures

Highbroad Advanced fundamental ratios Correlations

Highbroad Advanced Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Highbroad Advanced fundamental ratios Accounts

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Other Information on Investing in Highbroad Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Net Invested Capital	+ 1.0	Total Assets
Inventory	+ 1.0	Total Current Liabilities
Total Current Assets	+ 1.0	Retained Earnings
Accounts Payable	+ 0.99	Total Assets
Total Liab	+ 0.99	Total Assets
Accounts Payable	+ 0.99	Total Current Liabilities

Capital Lease Obligations	- 0.98	Property Plant And Equipment Net
Capital Lease Obligations	- 0.97	Non Current Assets Total
Capital Lease Obligations	- 0.95	Total Liab
Capital Lease Obligations	- 0.93	Non Current Liabilities Total
Property Plant And Equipment Net	- 0.93	Good Will
Intangible Assets	- 0.93	Good Will