Highland Ptb Ratio vs Capex To Depreciation Analysis

HI Stock  CAD 0.07  0.01  12.50%   
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 Ptb Ratio and its Capex To Depreciation 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.

Ptb Ratio vs Capex To Depreciation

Ptb Ratio vs Capex To Depreciation Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Highland Copper Ptb Ratio account and Capex To Depreciation. At this time, the significance of the direction appears to have weak contrarian relationship.
Ptb RatioCapex To DepreciationDiversified AwayPtb RatioCapex To DepreciationDiversified Away100%
The correlation between Highland Copper's Ptb Ratio and Capex To Depreciation is -0.06. Overlapping area represents the amount of variation of Ptb Ratio that can explain the historical movement of Capex To Depreciation 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 Ptb Ratio and Capex To Depreciation is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Ptb Ratio of Highland Copper are associated (or correlated) with its Capex To Depreciation. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capex To Depreciation has no effect on the direction of Ptb Ratio i.e., Highland Copper's Ptb Ratio and Capex To Depreciation go up and down completely randomly.

Correlation Coefficient

-0.06
Relationship DirectionNegative 
Relationship StrengthInsignificant

Ptb Ratio

Price-to-Book ratio, a financial valuation metric used to compare a company's current market price to its book value. It provides insight into the value that market participants place on the company's equity relative to its net asset value.

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.
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 Depreciation7.4K17.0K1.3K1.2K
Interest Income49.0K241.3K904.6K949.8K

Highland Copper fundamental ratios Correlations

0.030.89-0.15-0.230.490.540.170.350.570.440.250.550.670.80.07-0.6-0.030.350.5-0.02-0.050.50.340.350.46
0.03-0.430.92-0.480.2-0.52-0.49-0.380.060.030.95-0.520.450.36-0.130.250.170.330.17-0.71-0.77-0.460.210.220.03
0.89-0.43-0.560.040.360.730.370.480.480.42-0.220.730.390.560.07-0.66-0.160.190.390.350.310.580.250.250.38
-0.150.92-0.56-0.440.13-0.68-0.7-0.3-0.01-0.140.88-0.670.330.24-0.110.270.340.19-0.02-0.71-0.76-0.390.090.1-0.04
-0.23-0.480.04-0.44-0.12-0.020.080.23-0.770.4-0.57-0.03-0.21-0.23-0.080.11-0.36-0.77-0.040.250.55-0.01-0.62-0.63-0.78
0.490.20.360.13-0.12-0.2-0.250.240.090.420.26-0.20.750.720.210.04-0.130.090.54-0.13-0.10.01-0.08-0.070.03
0.54-0.520.73-0.68-0.02-0.20.730.170.510.0-0.371.0-0.21-0.020.1-0.69-0.210.27-0.080.470.380.540.420.420.48
0.17-0.490.37-0.70.08-0.250.730.160.110.02-0.420.72-0.24-0.170.25-0.03-0.220.06-0.160.310.610.420.060.050.27
0.35-0.380.48-0.30.230.240.170.16-0.010.51-0.270.180.30.34-0.12-0.060.28-0.25-0.130.250.460.41-0.23-0.23-0.01
0.570.060.48-0.01-0.770.090.510.11-0.01-0.230.210.510.140.3-0.13-0.610.20.840.130.18-0.240.260.840.840.92
0.440.030.42-0.140.40.420.00.020.51-0.230.020.00.560.55-0.310.03-0.21-0.210.480.00.12-0.09-0.18-0.18-0.32
0.250.95-0.220.88-0.570.26-0.37-0.42-0.270.210.02-0.360.580.510.010.090.280.350.22-0.78-0.78-0.170.220.230.16
0.55-0.520.73-0.67-0.03-0.21.00.720.180.510.0-0.36-0.2-0.020.09-0.7-0.20.27-0.080.470.370.540.430.420.48
0.670.450.390.33-0.210.75-0.21-0.240.30.140.560.58-0.20.940.090.050.120.10.64-0.47-0.270.16-0.07-0.060.07
0.80.360.560.24-0.230.72-0.02-0.170.340.30.550.51-0.020.940.06-0.110.090.270.65-0.36-0.210.250.080.090.27
0.07-0.130.07-0.11-0.080.210.10.25-0.12-0.13-0.310.010.090.090.060.11-0.14-0.23-0.08-0.210.080.47-0.4-0.390.01
-0.60.25-0.660.270.110.04-0.69-0.03-0.06-0.610.030.09-0.70.05-0.110.110.08-0.26-0.04-0.360.11-0.36-0.54-0.54-0.35
-0.030.17-0.160.34-0.36-0.13-0.21-0.220.280.2-0.210.28-0.20.120.09-0.140.08-0.02-0.11-0.45-0.310.29-0.1-0.10.19
0.350.330.190.19-0.770.090.270.06-0.250.84-0.210.350.270.10.27-0.23-0.26-0.020.150.11-0.28-0.150.890.90.88
0.50.170.39-0.02-0.040.54-0.08-0.16-0.130.130.480.22-0.080.640.65-0.08-0.04-0.110.15-0.28-0.250.01-0.02-0.010.04
-0.02-0.710.35-0.710.25-0.130.470.310.250.180.0-0.780.47-0.47-0.36-0.21-0.36-0.450.11-0.280.62-0.080.320.310.14
-0.05-0.770.31-0.760.55-0.10.380.610.46-0.240.12-0.780.37-0.27-0.210.080.11-0.31-0.28-0.250.620.31-0.23-0.24-0.07
0.5-0.460.58-0.39-0.010.010.540.420.410.26-0.09-0.170.540.160.250.47-0.360.29-0.150.01-0.080.31-0.19-0.180.29
0.340.210.250.09-0.62-0.080.420.06-0.230.84-0.180.220.43-0.070.08-0.4-0.54-0.10.89-0.020.32-0.23-0.191.00.75
0.350.220.250.1-0.63-0.070.420.05-0.230.84-0.180.230.42-0.060.09-0.39-0.54-0.10.9-0.010.31-0.24-0.181.00.76
0.460.030.38-0.04-0.780.030.480.27-0.010.92-0.320.160.480.070.270.01-0.350.190.880.040.14-0.070.290.750.76
Click cells to compare fundamentals

Highland Copper Account Relationship Matchups

Highland Copper fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets20.9M41.8M37.6M31.9M58.6M61.6M
Total Current Liabilities22.5M26.2M1.3M2.0M1.4M1.3M
Total Stockholder Equity(1.9M)15.3M34.3M28.0M52.7M55.3M
Net Debt21.6M21.0M(12.9M)(7.0M)(8.1M)(7.7M)
Retained Earnings(81.7M)(64.0M)(66.0M)(72.8M)(48.6M)(51.1M)
Accounts Payable916.9K2.2M1.3M2.0M1.4M1.3M
Cash(9.4K)3.0M12.9M7.0M20.3M21.3M
Cash And Short Term Investments(9.4K)3.0M12.9M7.0M8.1M4.5M
Net Receivables7.3K6.8K51.0K66.9K76.9K53.3K
Liabilities And Stockholders Equity20.9M41.8M37.6M31.9M36.7M25.2M
Other Stockholder Equity11.9M12.0M15.2M16.1M18.5M15.3M
Total Liab22.8M26.5M3.4M3.9M5.9M8.1M
Total Current Assets200.9K3.0M13.1M7.2M20.7M21.7M
Accumulated Other Comprehensive Income1.7M1.2M1.1M803.0K923.5K1.4M
Property Plant And Equipment Net20.7M38.8M22.9M24.1M19.5M23.0M
Non Current Assets Total20.7M38.8M24.6M24.7M37.9M24.5M
Non Currrent Assets Other31.9M20.5M1.7M613.6K2.4M2.2M
Short Long Term Debt Total9.0M17.8M21.6M24.0M27.6M16.1M
Other Liab257.0K266.2K274.3K2.1M1.9M2.0M
Net Tangible Assets2.2M(1.9M)15.3M34.3M30.8M15.8M
Non Current Liabilities Total266.2K274.3K2.1M1.9M4.5M4.8M
Short Long Term Debt2.6M17.7M21.6M24.0M27.6M28.9M
Short Term Debt2.6M17.7M21.6M24.0M27.6M28.9M
Property Plant Equipment20.5M20.7M38.8M22.9M26.3M28.6M
Other Current Assets29.3K32.0K70.9K71.7K82.4K58.1K
Net Invested Capital19.7M39.3M34.3M28.0M55.1M37.3M
Net Working Capital(22.3M)(23.2M)11.8M5.2M19.3M20.3M

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
Explore Investing Ideas  

Additional Tools for Highland Stock Analysis

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