High Cash vs Capital Lease Obligations Analysis

HITI Stock  CAD 4.49  0.04  0.88%   
High Tide financial indicator trend analysis is much more than just examining High Tide latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether High Tide is a good investment. Please check the relationship between High Tide Cash and its Capital Lease Obligations accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in High Tide. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.
For more information on how to buy High Stock please use our How to Invest in High Tide guide.

Cash vs Capital Lease Obligations

Cash vs Capital Lease Obligations Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of High Tide Cash account and Capital Lease Obligations. At this time, the significance of the direction appears to have almost identical trend.
The correlation between High Tide's Cash and Capital Lease Obligations is 0.96. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Capital Lease Obligations in the same time period over historical financial statements of High Tide, assuming nothing else is changed. The correlation between historical values of High Tide's Cash and Capital Lease Obligations is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash of High Tide are associated (or correlated) with its Capital Lease Obligations. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capital Lease Obligations has no effect on the direction of Cash i.e., High Tide's Cash and Capital Lease Obligations go up and down completely randomly.

Correlation Coefficient

0.96
Relationship DirectionPositive 
Relationship StrengthVery Strong

Cash

Cash refers to the most liquid asset of High Tide, which is listed under current asset account on High Tide balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from High Tide customers. The amounts must be unrestricted with restricted cash listed in a different High Tide account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.

Capital Lease Obligations

High Tide capital lease obligations are the amount due for long-term lease agreements that are nearly equivalent to High Tide asset purchases. For example, High Tide can use a capital lease to finance the purchase of an asset without ever buying it. A capital lease gives companies such as High Tide control over an asset for a big portion of its life. The total obligations of a company under capital leases, which are lease agreements that transfer substantially all risks and rewards of ownership to the lessee.
Most indicators from High Tide's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into High Tide 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 High Tide. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.
For more information on how to buy High Stock please use our How to Invest in High Tide guide.At this time, High Tide's Selling General Administrative is fairly stable compared to the past year. Sales General And Administrative To Revenue is likely to climb to 0.41 in 2024, despite the fact that Tax Provision is likely to grow to (6.5 M).
 2021 2022 2023 2024 (projected)
Gross Profit101.0M131.3M151.0M158.6M
Total Revenue356.9M487.7M560.8M588.9M

High Tide fundamental ratios Correlations

0.650.45-0.630.890.730.780.670.570.670.720.770.860.820.580.90.68-0.080.90.760.540.840.850.510.50.69
0.650.52-0.930.680.450.880.960.710.950.950.940.860.90.940.840.97-0.290.80.960.770.890.840.920.560.97
0.450.52-0.740.570.80.520.690.030.740.750.690.660.760.770.650.7-0.670.590.670.920.540.710.610.970.7
-0.63-0.93-0.74-0.7-0.63-0.89-0.98-0.55-0.98-0.98-0.96-0.9-0.94-0.98-0.88-0.980.51-0.84-0.95-0.91-0.89-0.91-0.93-0.77-0.97
0.890.680.57-0.70.690.780.70.510.70.750.780.870.830.640.90.71-0.30.890.760.660.840.870.580.540.72
0.730.450.8-0.630.690.540.630.140.640.670.720.730.740.630.740.6-0.640.80.680.780.660.780.570.850.59
0.780.880.52-0.890.780.540.870.740.860.890.880.960.890.820.950.88-0.250.890.880.70.970.940.770.550.89
0.670.960.69-0.980.70.630.870.560.990.990.980.890.950.980.870.99-0.470.850.980.90.890.890.950.750.99
0.570.710.03-0.550.510.140.740.560.550.550.60.660.540.520.660.570.110.630.660.270.750.610.570.030.58
0.670.950.74-0.980.70.640.860.990.551.00.980.890.960.990.881.0-0.460.840.980.920.880.90.930.780.99
0.720.950.75-0.980.750.670.890.990.551.00.980.920.980.980.911.0-0.440.860.980.910.890.920.910.790.99
0.770.940.69-0.960.780.720.880.980.60.980.980.930.970.960.920.97-0.480.920.990.890.930.930.940.750.96
0.860.860.66-0.90.870.730.960.890.660.890.920.930.950.851.00.9-0.360.960.920.80.981.00.790.690.9
0.820.90.76-0.940.830.740.890.950.540.960.980.970.950.930.950.96-0.390.90.960.890.910.950.840.790.97
0.580.940.77-0.980.640.630.820.980.520.990.980.960.850.930.830.98-0.530.790.960.940.840.860.950.80.97
0.90.840.65-0.880.90.740.950.870.660.880.910.921.00.950.830.88-0.340.970.910.780.970.990.760.680.88
0.680.970.7-0.980.710.60.880.990.571.01.00.970.90.960.980.88-0.390.830.970.880.880.890.910.751.0
-0.08-0.29-0.670.51-0.3-0.64-0.25-0.470.11-0.46-0.44-0.48-0.36-0.39-0.53-0.34-0.39-0.44-0.42-0.72-0.36-0.42-0.61-0.68-0.37
0.90.80.59-0.840.890.80.890.850.630.840.860.920.960.90.790.970.83-0.440.90.760.960.960.790.650.82
0.760.960.67-0.950.760.680.880.980.660.980.980.990.920.960.960.910.97-0.420.90.870.930.920.930.710.97
0.540.770.92-0.910.660.780.70.90.270.920.910.890.80.890.940.780.88-0.720.760.870.750.840.860.930.88
0.840.890.54-0.890.840.660.970.890.750.880.890.930.980.910.840.970.88-0.360.960.930.750.970.830.580.88
0.850.840.71-0.910.870.780.940.890.610.90.920.931.00.950.860.990.89-0.420.960.920.840.970.790.740.9
0.510.920.61-0.930.580.570.770.950.570.930.910.940.790.840.950.760.91-0.610.790.930.860.830.790.670.9
0.50.560.97-0.770.540.850.550.750.030.780.790.750.690.790.80.680.75-0.680.650.710.930.580.740.670.74
0.690.970.7-0.970.720.590.890.990.580.990.990.960.90.970.970.881.0-0.370.820.970.880.880.90.90.74
Click cells to compare fundamentals

High Tide Account Relationship Matchups

High Tide fundamental ratios Accounts

201920202021202220232024 (projected)
Other Current Liab2.5M10.0M6.3M3.7M4.2M3.6M
Total Current Liabilities27.5M40.8M59.9M58.1M66.9M70.2M
Net Tangible Assets(2.6M)(7.9M)4.9M10.9M12.5M13.1M
Retained Earnings(34.4M)(87.8M)(168.1M)(205.9M)(185.3M)(176.1M)
Accounts Payable6.4M18.5M26.9M8.4M9.6M9.4M
Other Assets3.4M3.0M4.9M3.2M3.7M3.1M
Net Receivables2.7M6.5M7.9M7.5M8.6M4.6M
Inventory8.5M17.0M23.4M26.0M29.9M31.4M
Total Current Assets19.3M46.3M64.1M68.6M78.9M82.9M
Common Stock26.3M32.6M208.9M279.5M321.4M337.5M
Property Plant Equipment12.4M29.5M52.7M62.0M71.3M74.9M
Total Assets69.8M246.2M274.7M233.4M268.4M141.7M
Total Stockholder Equity10.2M147.2M156.4M131.6M151.3M158.9M
Cash7.5M14.0M25.1M30.1M34.6M36.4M
Non Current Assets Total50.5M199.9M210.7M164.8M189.5M104.2M
Common Stock Shares Outstanding16.0M54.4M71.0M75.3M86.6M90.9M
Non Current Liabilities Total30.6M53.4M52.8M41.6M47.8M31.3M
Capital Lease Obligations16.7M29.8M33.8M35.0M40.3M42.3M
Other Stockholder Equity7.9M7.3M10.9M21.9M25.2M26.4M
Total Liab58.1M94.2M112.7M99.7M114.7M65.9M
Net Invested Capital40.5M172.9M192.5M169.0M194.4M97.9M
Short Long Term Debt16.4M6.5M19.1M25.0M28.7M30.2M
Net Working Capital(8.2M)5.5M4.1M10.5M12.1M12.7M
Capital Stock32.6M208.9M279.5M288.0M331.2M347.8M
Intangible Assets12.0M62.3M62.1M27.3M31.4M31.6M
Net Debt22.8M11.6M11.0M7.4M6.6M12.2M
Long Term Debt13.9M19.1M17.0M12.5M11.3M13.2M
Good Will6.1M79.9M83.4M76.2M87.6M54.9M

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