Highland Capex To Depreciation vs Free Cash Flow Yield Analysis

HI Stock

CAD 0.09 0.01 5.56%

Highland Copper financial indicator trend analysis is much more than just examining Highland Copper latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Highland Copper is a good investment. Please check the relationship between Highland Copper Capex To Depreciation and its Free Cash Flow Yield accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Highland Copper. 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.

Capex To Depreciation vs Free Cash Flow Yield

Capex To Depreciation vs Free Cash Flow Yield Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Highland Copper Capex To Depreciation account and Free Cash Flow Yield. At this time, the significance of the direction appears to have weak contrarian relationship.

The correlation between Highland Copper's Capex To Depreciation and Free Cash Flow Yield is -0.12. Overlapping area represents the amount of variation of Capex To Depreciation that can explain the historical movement of Free Cash Flow Yield in the same time period over historical financial statements of Highland Copper, assuming nothing else is changed. The correlation between historical values of Highland Copper's Capex To Depreciation and Free Cash Flow Yield is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Capex To Depreciation of Highland Copper are associated (or correlated) with its Free Cash Flow Yield. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Free Cash Flow Yield has no effect on the direction of Capex To Depreciation i.e., Highland Copper's Capex To Depreciation and Free Cash Flow Yield go up and down completely randomly.

Correlation Coefficient

-0.12

Relationship Direction	Negative
Relationship Strength	Insignificant

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Capex To Depreciation

The ratio of a company's capital expenditures to its depreciation expenses, indicating how much the company is investing in physical assets relative to the aging of existing assets.

Free Cash Flow Yield

A financial solvency ratio that compares the free cash flow per share a company is expected to earn against its market value per share, calculated as free cash flow per share divided by market price per share.

Most indicators from Highland Copper's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Highland Copper 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 Highland Copper. 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 3.9 M in 2024, whereas Tax Provision is likely to drop slightly above 535.6 K in 2024.

	2021	2022	2023	2024 (projected)
Reconciled Depreciation	7.4K	17.0K	1.3K	1.2K
Interest Income	49.0K	241.3K	904.6K	949.8K

Reconciled Depreciation Interest Income

Highland Copper fundamental ratios Correlations

	Total Assets	Total Current Liabilities	Total Stockholder Equity	Net Debt	Retained Earnings	Accounts Payable	Cash	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Other Stockholder Equity	Total Liab	Total Current Assets	Property Plant And Equipment Net	Non Current Assets Total	Other Assets	Short Term Investments	Non Currrent Assets Other	Short Long Term Debt Total	Other Current Liab	Other Liab	Net Tangible Assets	Non Current Liabilities Total	Short Long Term Debt	Short Term Debt	Common Stock
Total Assets		0.03	0.89	-0.15	-0.23	0.49	0.54	0.17	0.35	0.57	0.44	0.25	0.55	0.67	0.8	0.07	-0.6	-0.03	0.35	0.5	-0.02	-0.05	0.5	0.34	0.35	0.46
Total Current Liabilities	0.03		-0.43	0.92	-0.48	0.2	-0.52	-0.49	-0.38	0.06	0.03	0.95	-0.52	0.45	0.36	-0.13	0.25	0.17	0.33	0.17	-0.71	-0.77	-0.46	0.21	0.22	0.03
Total Stockholder Equity	0.89	-0.43		-0.56	0.04	0.36	0.73	0.37	0.48	0.48	0.42	-0.22	0.73	0.39	0.56	0.07	-0.66	-0.16	0.19	0.39	0.35	0.31	0.58	0.25	0.25	0.38
Net Debt	-0.15	0.92	-0.56		-0.44	0.13	-0.68	-0.7	-0.3	-0.01	-0.14	0.88	-0.67	0.33	0.24	-0.11	0.27	0.34	0.19	-0.02	-0.71	-0.76	-0.39	0.09	0.1	-0.04
Retained Earnings	-0.23	-0.48	0.04	-0.44		-0.12	-0.02	0.08	0.23	-0.77	0.4	-0.57	-0.03	-0.21	-0.23	-0.08	0.11	-0.36	-0.77	-0.04	0.25	0.55	-0.01	-0.62	-0.63	-0.78
Accounts Payable	0.49	0.2	0.36	0.13	-0.12		-0.2	-0.25	0.24	0.09	0.42	0.26	-0.2	0.75	0.72	0.21	0.04	-0.13	0.09	0.54	-0.13	-0.1	0.01	-0.08	-0.07	0.03
Cash	0.54	-0.52	0.73	-0.68	-0.02	-0.2		0.73	0.17	0.51	0.0	-0.37	1.0	-0.21	-0.02	0.1	-0.69	-0.21	0.27	-0.08	0.47	0.38	0.54	0.42	0.42	0.48
Cash And Short Term Investments	0.17	-0.49	0.37	-0.7	0.08	-0.25	0.73		0.16	0.11	0.02	-0.42	0.72	-0.24	-0.17	0.25	-0.03	-0.22	0.06	-0.16	0.31	0.61	0.42	0.06	0.05	0.27
Net Receivables	0.35	-0.38	0.48	-0.3	0.23	0.24	0.17	0.16		-0.01	0.51	-0.27	0.18	0.3	0.34	-0.12	-0.06	0.28	-0.25	-0.13	0.25	0.46	0.41	-0.23	-0.23	-0.01
Common Stock Shares Outstanding	0.57	0.06	0.48	-0.01	-0.77	0.09	0.51	0.11	-0.01		-0.23	0.21	0.51	0.14	0.3	-0.13	-0.61	0.2	0.84	0.13	0.18	-0.24	0.26	0.84	0.84	0.92
Other Stockholder Equity	0.44	0.03	0.42	-0.14	0.4	0.42	0.0	0.02	0.51	-0.23		0.02	0.0	0.56	0.55	-0.31	0.03	-0.21	-0.21	0.48	0.0	0.12	-0.09	-0.18	-0.18	-0.32
Total Liab	0.25	0.95	-0.22	0.88	-0.57	0.26	-0.37	-0.42	-0.27	0.21	0.02		-0.36	0.58	0.51	0.01	0.09	0.28	0.35	0.22	-0.78	-0.78	-0.17	0.22	0.23	0.16
Total Current Assets	0.55	-0.52	0.73	-0.67	-0.03	-0.2	1.0	0.72	0.18	0.51	0.0	-0.36		-0.2	-0.02	0.09	-0.7	-0.2	0.27	-0.08	0.47	0.37	0.54	0.43	0.42	0.48
Property Plant And Equipment Net	0.67	0.45	0.39	0.33	-0.21	0.75	-0.21	-0.24	0.3	0.14	0.56	0.58	-0.2		0.94	0.09	0.05	0.12	0.1	0.64	-0.47	-0.27	0.16	-0.07	-0.06	0.07
Non Current Assets Total	0.8	0.36	0.56	0.24	-0.23	0.72	-0.02	-0.17	0.34	0.3	0.55	0.51	-0.02	0.94		0.06	-0.11	0.09	0.27	0.65	-0.36	-0.21	0.25	0.08	0.09	0.27
Other Assets	0.07	-0.13	0.07	-0.11	-0.08	0.21	0.1	0.25	-0.12	-0.13	-0.31	0.01	0.09	0.09	0.06		0.11	-0.14	-0.23	-0.08	-0.21	0.08	0.47	-0.4	-0.39	0.01
Short Term Investments	-0.6	0.25	-0.66	0.27	0.11	0.04	-0.69	-0.03	-0.06	-0.61	0.03	0.09	-0.7	0.05	-0.11	0.11		0.08	-0.26	-0.04	-0.36	0.11	-0.36	-0.54	-0.54	-0.35
Non Currrent Assets Other	-0.03	0.17	-0.16	0.34	-0.36	-0.13	-0.21	-0.22	0.28	0.2	-0.21	0.28	-0.2	0.12	0.09	-0.14	0.08		-0.02	-0.11	-0.45	-0.31	0.29	-0.1	-0.1	0.19
Short Long Term Debt Total	0.35	0.33	0.19	0.19	-0.77	0.09	0.27	0.06	-0.25	0.84	-0.21	0.35	0.27	0.1	0.27	-0.23	-0.26	-0.02		0.15	0.11	-0.28	-0.15	0.89	0.9	0.88
Other Current Liab	0.5	0.17	0.39	-0.02	-0.04	0.54	-0.08	-0.16	-0.13	0.13	0.48	0.22	-0.08	0.64	0.65	-0.08	-0.04	-0.11	0.15		-0.28	-0.25	0.01	-0.02	-0.01	0.04
Other Liab	-0.02	-0.71	0.35	-0.71	0.25	-0.13	0.47	0.31	0.25	0.18	0.0	-0.78	0.47	-0.47	-0.36	-0.21	-0.36	-0.45	0.11	-0.28		0.62	-0.08	0.32	0.31	0.14
Net Tangible Assets	-0.05	-0.77	0.31	-0.76	0.55	-0.1	0.38	0.61	0.46	-0.24	0.12	-0.78	0.37	-0.27	-0.21	0.08	0.11	-0.31	-0.28	-0.25	0.62		0.31	-0.23	-0.24	-0.07
Non Current Liabilities Total	0.5	-0.46	0.58	-0.39	-0.01	0.01	0.54	0.42	0.41	0.26	-0.09	-0.17	0.54	0.16	0.25	0.47	-0.36	0.29	-0.15	0.01	-0.08	0.31		-0.19	-0.18	0.29
Short Long Term Debt	0.34	0.21	0.25	0.09	-0.62	-0.08	0.42	0.06	-0.23	0.84	-0.18	0.22	0.43	-0.07	0.08	-0.4	-0.54	-0.1	0.89	-0.02	0.32	-0.23	-0.19		1.0	0.75
Short Term Debt	0.35	0.22	0.25	0.1	-0.63	-0.07	0.42	0.05	-0.23	0.84	-0.18	0.23	0.42	-0.06	0.09	-0.39	-0.54	-0.1	0.9	-0.01	0.31	-0.24	-0.18	1.0		0.76
Common Stock	0.46	0.03	0.38	-0.04	-0.78	0.03	0.48	0.27	-0.01	0.92	-0.32	0.16	0.48	0.07	0.27	0.01	-0.35	0.19	0.88	0.04	0.14	-0.07	0.29	0.75	0.76

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Highland Copper Account Relationship Matchups

Highland Copper fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	20.9M	41.8M	37.6M	31.9M	58.6M	61.6M
Total Current Liabilities	22.5M	26.2M	1.3M	2.0M	1.4M	1.3M
Total Stockholder Equity	(1.9M)	15.3M	34.3M	28.0M	52.7M	55.3M
Net Debt	21.6M	21.0M	(12.9M)	(7.0M)	(8.1M)	(7.7M)
Retained Earnings	(81.7M)	(64.0M)	(66.0M)	(72.8M)	(48.6M)	(51.1M)
Accounts Payable	916.9K	2.2M	1.3M	2.0M	1.4M	1.3M
Cash	(9.4K)	3.0M	12.9M	7.0M	20.3M	21.3M
Cash And Short Term Investments	(9.4K)	3.0M	12.9M	7.0M	8.1M	4.5M
Net Receivables	7.3K	6.8K	51.0K	66.9K	76.9K	53.3K
Liabilities And Stockholders Equity	20.9M	41.8M	37.6M	31.9M	36.7M	25.2M
Other Stockholder Equity	11.9M	12.0M	15.2M	16.1M	18.5M	15.3M
Total Liab	22.8M	26.5M	3.4M	3.9M	5.9M	8.1M
Total Current Assets	200.9K	3.0M	13.1M	7.2M	20.7M	21.7M
Accumulated Other Comprehensive Income	1.7M	1.2M	1.1M	803.0K	923.5K	1.4M
Property Plant And Equipment Net	20.7M	38.8M	22.9M	24.1M	19.5M	23.0M
Non Current Assets Total	20.7M	38.8M	24.6M	24.7M	37.9M	24.5M
Non Currrent Assets Other	31.9M	20.5M	1.7M	613.6K	2.4M	2.2M
Short Long Term Debt Total	9.0M	17.8M	21.6M	24.0M	27.6M	16.1M
Other Liab	257.0K	266.2K	274.3K	2.1M	1.9M	2.0M
Net Tangible Assets	2.2M	(1.9M)	15.3M	34.3M	30.8M	15.8M
Non Current Liabilities Total	266.2K	274.3K	2.1M	1.9M	4.5M	4.8M
Short Long Term Debt	2.6M	17.7M	21.6M	24.0M	27.6M	28.9M
Short Term Debt	2.6M	17.7M	21.6M	24.0M	27.6M	28.9M
Property Plant Equipment	20.5M	20.7M	38.8M	22.9M	26.3M	28.6M
Other Current Assets	29.3K	32.0K	70.9K	71.7K	82.4K	58.1K
Net Invested Capital	19.7M	39.3M	34.3M	28.0M	55.1M	37.3M
Net Working Capital	(22.3M)	(23.2M)	11.8M	5.2M	19.3M	20.3M

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