Highway Change To Account Receivables vs Free Cash Flow Analysis
HWY Stock | CAD 0.15 0.01 6.25% |
Highway 50 financial indicator trend analysis is much more than just examining Highway 50 Gold latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Highway 50 Gold is a good investment. Please check the relationship between Highway 50 Change To Account Receivables and its Free Cash Flow accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Highway 50 Gold. 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.
Change To Account Receivables vs Free Cash Flow
Change To Account Receivables vs Free Cash Flow Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Highway 50 Gold Change To Account Receivables account and Free Cash Flow. At this time, the significance of the direction appears to have weak relationship.
The correlation between Highway 50's Change To Account Receivables and Free Cash Flow is 0.39. Overlapping area represents the amount of variation of Change To Account Receivables that can explain the historical movement of Free Cash Flow in the same time period over historical financial statements of Highway 50 Gold, assuming nothing else is changed. The correlation between historical values of Highway 50's Change To Account Receivables and Free Cash Flow is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Change To Account Receivables of Highway 50 Gold are associated (or correlated) with its Free Cash Flow. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Free Cash Flow has no effect on the direction of Change To Account Receivables i.e., Highway 50's Change To Account Receivables and Free Cash Flow go up and down completely randomly.
Correlation Coefficient | 0.39 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Change To Account Receivables
Free Cash Flow
The amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.Most indicators from Highway 50's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Highway 50 Gold 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 Highway 50 Gold. 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 573 K in 2024, whereas Issuance Of Capital Stock is likely to drop slightly above 419.7 K in 2024.
Highway 50 fundamental ratios Correlations
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Highway 50 Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Highway 50 fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 3.7M | 4.1M | 5.0M | 4.9M | 1.2M | 1.2M | |
Total Current Liabilities | 755.6K | 199.9K | 1.7M | 422.6K | 402.5K | 470.3K | |
Total Stockholder Equity | 2.9M | 2.7M | 3.3M | 4.4M | 843.7K | 801.5K | |
Net Tangible Assets | 3.2M | 2.9M | 2.7M | 3.3M | 3.0M | 2.6M | |
Retained Earnings | (6.9M) | (7.9M) | (8.7M) | (7.5M) | (11.9M) | (11.3M) | |
Accounts Payable | 15.6K | 16.9K | 974.0 | 6.8K | 6.1K | 5.8K | |
Cash | 159.4K | 126.0K | 651.0K | 287.1K | 142.9K | 135.8K | |
Other Assets | 120.3K | 91.2K | 89.3K | 33.5K | 30.2K | 28.7K | |
Net Receivables | 11.9K | 16.2K | 2.7K | 2.9K | 1.8K | 1.7K | |
Other Stockholder Equity | 1.5M | 1.5M | 2.1M | 2.1M | 2.5M | 1.5M | |
Total Liab | 755.6K | 1.4M | 1.8M | 440.8K | 402.5K | 595.0K | |
Total Current Assets | 173.1K | 143.3K | 654.9K | 295.1K | 152.2K | 144.6K | |
Common Stock | 8.1M | 8.3M | 8.5M | 9.8M | 11.3M | 7.7M | |
Property Plant Equipment | 3.2M | 3.4M | 3.9M | 4.3M | 5.0M | 3.4M | |
Non Current Assets Total | 3.5M | 4.0M | 4.4M | 4.6M | 1.1M | 1.0M | |
Non Currrent Assets Other | 91.2K | 89.3K | 33.5K | 17.3K | 16.9K | 16.1K | |
Other Current Liab | 352.0 | 740K | 183K | 1.3M | 1.5M | 1.6M | |
Common Stock Shares Outstanding | 35.0M | 36.9M | 37.7M | 41.6M | 45.8M | 42.3M | |
Net Invested Capital | 2.9M | 3.0M | 3.6M | 4.8M | 1.2M | 1.2M | |
Net Working Capital | (582.5K) | (56.6K) | (1.1M) | (127.6K) | (250.3K) | (262.8K) |
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Additional Tools for Highway Stock Analysis
When running Highway 50's price analysis, check to measure Highway 50'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 Highway 50 is operating at the current time. Most of Highway 50's value examination focuses on studying past and present price action to predict the probability of Highway 50's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Highway 50's price. Additionally, you may evaluate how the addition of Highway 50 to your portfolios can decrease your overall portfolio volatility.