Highway Free Cash Flow vs Depreciation 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 Free Cash Flow and its Depreciation 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.

Free Cash Flow vs Depreciation

Free Cash Flow vs Depreciation Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Highway 50 Gold Free Cash Flow account and Depreciation. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Highway 50's Free Cash Flow and Depreciation is -0.03. Overlapping area represents the amount of variation of Free Cash Flow that can explain the historical movement of Depreciation 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 Free Cash Flow and 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 Free Cash Flow of Highway 50 Gold are associated (or correlated) with its Depreciation. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Depreciation has no effect on the direction of Free Cash Flow i.e., Highway 50's Free Cash Flow and Depreciation go up and down completely randomly.

Correlation Coefficient

-0.03
Relationship DirectionNegative 
Relationship StrengthInsignificant

Free Cash Flow

The amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.

Depreciation

Depreciation indicates how much of Highway 50 Gold value has been used up. For tax purposes Highway 50 can deduct the cost of the tangible assets it purchases as business expenses. However, Highway 50 Gold must depreciate these assets in accordance with IRS rules about how and when the deduction may be taken, and how long it will last. The systematic allocation of the cost of a tangible asset over its useful life.
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

0.220.920.640.08-0.040.250.450.42-0.30.270.30.250.320.290.870.06-0.11-0.040.61-0.3-0.140.810.810.63-0.7
0.22-0.08-0.12-0.38-0.24-0.12-0.47-0.33-0.20.370.78-0.140.360.320.26-0.450.520.49-0.09-0.930.450.180.19-0.02-0.56
0.92-0.080.740.270.070.360.610.55-0.190.07-0.090.370.160.140.760.22-0.26-0.250.7-0.02-0.30.730.740.64-0.56
0.64-0.120.74-0.19-0.080.320.620.63-0.490.37-0.140.330.520.490.23-0.10.080.10.08-0.130.080.130.130.1-0.17
0.08-0.380.27-0.190.570.480.320.20.7-0.88-0.490.49-0.88-0.860.310.88-0.88-0.960.740.51-0.880.50.490.680.03
-0.04-0.240.07-0.080.570.760.080.50.32-0.61-0.30.77-0.53-0.65-0.040.51-0.5-0.520.280.36-0.480.120.110.270.18
0.25-0.120.360.320.480.760.220.410.03-0.41-0.251.0-0.32-0.460.050.35-0.34-0.420.360.11-0.310.220.220.29-0.08
0.45-0.470.610.620.320.080.220.73-0.15-0.17-0.340.23-0.04-0.070.250.61-0.61-0.490.230.29-0.630.260.240.420.21
0.42-0.330.550.630.20.50.410.73-0.17-0.12-0.250.440.05-0.030.180.42-0.43-0.330.160.23-0.420.170.160.270.14
-0.3-0.2-0.19-0.490.70.320.03-0.15-0.17-0.73-0.330.04-0.77-0.640.070.54-0.56-0.670.390.42-0.530.130.120.290.17
0.270.370.070.37-0.88-0.61-0.41-0.17-0.12-0.730.54-0.420.960.960.06-0.80.750.9-0.41-0.50.78-0.13-0.11-0.29-0.25
0.30.78-0.09-0.14-0.49-0.3-0.25-0.34-0.25-0.330.54-0.270.440.420.34-0.430.420.54-0.17-0.730.40.230.24-0.01-0.45
0.25-0.140.370.330.490.771.00.230.440.04-0.42-0.27-0.33-0.460.060.37-0.35-0.440.360.12-0.330.230.220.29-0.07
0.320.360.160.52-0.88-0.53-0.32-0.040.05-0.770.960.44-0.330.970.03-0.760.740.87-0.44-0.530.74-0.17-0.16-0.31-0.21
0.290.320.140.49-0.86-0.65-0.46-0.07-0.03-0.640.960.42-0.460.970.06-0.770.730.84-0.41-0.490.74-0.17-0.15-0.31-0.21
0.870.260.760.230.31-0.040.050.250.180.070.060.340.060.030.060.21-0.27-0.210.79-0.19-0.310.960.960.8-0.74
0.06-0.450.22-0.10.880.510.350.610.420.54-0.8-0.430.37-0.76-0.770.21-0.98-0.940.50.51-0.990.370.350.630.3
-0.110.52-0.260.08-0.88-0.5-0.34-0.61-0.43-0.560.750.42-0.350.740.73-0.27-0.980.93-0.55-0.60.97-0.42-0.4-0.66-0.26
-0.040.49-0.250.1-0.96-0.52-0.42-0.49-0.33-0.670.90.54-0.440.870.84-0.21-0.940.93-0.61-0.560.94-0.38-0.36-0.58-0.19
0.61-0.090.70.080.740.280.360.230.160.39-0.41-0.170.36-0.44-0.410.790.5-0.55-0.610.21-0.560.890.890.85-0.57
-0.3-0.93-0.02-0.130.510.360.110.290.230.42-0.5-0.730.12-0.53-0.49-0.190.51-0.6-0.560.21-0.5-0.09-0.090.10.48
-0.140.45-0.30.08-0.88-0.48-0.31-0.63-0.42-0.530.780.4-0.330.740.74-0.31-0.990.970.94-0.56-0.5-0.44-0.42-0.67-0.23
0.810.180.730.130.50.120.220.260.170.13-0.130.230.23-0.17-0.170.960.37-0.42-0.380.89-0.09-0.441.00.88-0.71
0.810.190.740.130.490.110.220.240.160.12-0.110.240.22-0.16-0.150.960.35-0.4-0.360.89-0.09-0.421.00.87-0.72
0.63-0.020.640.10.680.270.290.420.270.29-0.29-0.010.29-0.31-0.310.80.63-0.66-0.580.850.1-0.670.880.87-0.33
-0.7-0.56-0.56-0.170.030.18-0.080.210.140.17-0.25-0.45-0.07-0.21-0.21-0.740.3-0.26-0.19-0.570.48-0.23-0.71-0.72-0.33
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Highway 50 Account Relationship Matchups

Highway 50 fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets3.7M4.1M5.0M4.9M1.2M1.2M
Total Current Liabilities755.6K199.9K1.7M422.6K402.5K470.3K
Total Stockholder Equity2.9M2.7M3.3M4.4M843.7K801.5K
Net Tangible Assets3.2M2.9M2.7M3.3M3.0M2.6M
Retained Earnings(6.9M)(7.9M)(8.7M)(7.5M)(11.9M)(11.3M)
Accounts Payable15.6K16.9K974.06.8K6.1K5.8K
Cash159.4K126.0K651.0K287.1K142.9K135.8K
Other Assets120.3K91.2K89.3K33.5K30.2K28.7K
Net Receivables11.9K16.2K2.7K2.9K1.8K1.7K
Other Stockholder Equity1.5M1.5M2.1M2.1M2.5M1.5M
Total Liab755.6K1.4M1.8M440.8K402.5K595.0K
Total Current Assets173.1K143.3K654.9K295.1K152.2K144.6K
Common Stock8.1M8.3M8.5M9.8M11.3M7.7M
Property Plant Equipment3.2M3.4M3.9M4.3M5.0M3.4M
Non Current Assets Total3.5M4.0M4.4M4.6M1.1M1.0M
Non Currrent Assets Other91.2K89.3K33.5K17.3K16.9K16.1K
Other Current Liab352.0740K183K1.3M1.5M1.6M
Common Stock Shares Outstanding35.0M36.9M37.7M41.6M45.8M42.3M
Net Invested Capital2.9M3.0M3.6M4.8M1.2M1.2M
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.