Waste Net Debt To E B I T D A from 2010 to 2024
| WCN Stock | USD 192.81 2.94 1.55% |
Net Debt To EBITDA | First Reported 2010-12-31 | Previous Quarter 3.04171659 | Current Value 2.58 | Quarterly Volatility 2.21156375 |
Check Waste Connections financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Waste Connections' main balance sheet or income statement drivers, such as Depreciation And Amortization of 1.1 B, Total Revenue of 8.4 B or Gross Profit of 3.4 B, as well as many indicators such as Price To Sales Ratio of 2.89, Dividend Yield of 0.0055 or PTB Ratio of 2.64. Waste financial statements analysis is a perfect complement when working with Waste Connections Valuation or Volatility modules.
Waste | Net Debt To E B I T D A |
Latest Waste Connections' Net Debt To E B I T D A Growth Pattern
Below is the plot of the Net Debt To E B I T D A of Waste Connections over the last few years. It is a leverage ratio that indicates a company's ability to pay off its incurred debt. It compares a company's net debt (total debt minus cash) to its Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA). Waste Connections' Net Debt To EBITDA historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Waste Connections' overall financial position and show how it may be relating to other accounts over time.
| Net Debt To E B I T D A | 10 Years Trend |
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Net Debt To E B I T D A |
| Timeline |
Waste Net Debt To E B I T D A Regression Statistics
| Arithmetic Mean | 3.47 | |
| Geometric Mean | 3.14 | |
| Coefficient Of Variation | 63.82 | |
| Mean Deviation | 1.20 | |
| Median | 2.68 | |
| Standard Deviation | 2.21 | |
| Sample Variance | 4.89 | |
| Range | 8.9728 | |
| R-Value | (0.14) | |
| Mean Square Error | 5.17 | |
| R-Squared | 0.02 | |
| Significance | 0.62 | |
| Slope | (0.07) | |
| Total Sum of Squares | 68.47 |
Waste Net Debt To E B I T D A History
About Waste Connections Financial Statements
Waste Connections investors utilize fundamental indicators, such as Net Debt To E B I T D A, to predict how Waste Stock might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.
| Last Reported | Projected for Next Year | ||
| Net Debt To EBITDA | 3.04 | 2.58 |
Pair Trading with Waste Connections
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Waste Connections position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Waste Connections will appreciate offsetting losses from the drop in the long position's value.Moving together with Waste Stock
Moving against Waste Stock
The ability to find closely correlated positions to Waste Connections could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Waste Connections when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Waste Connections - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Waste Connections to buy it.
The correlation of Waste Connections is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Waste Connections moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Waste Connections moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Waste Connections can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out the analysis of Waste Connections Correlation against competitors. To learn how to invest in Waste Stock, please use our How to Invest in Waste Connections guide.You can also try the Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Is Environmental & Facilities Services space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Waste Connections. If investors know Waste will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Waste Connections listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.339 | Dividend Share 1.14 | Earnings Share 3.64 | Revenue Per Share 33.72 | Quarterly Revenue Growth 0.133 |
The market value of Waste Connections is measured differently than its book value, which is the value of Waste that is recorded on the company's balance sheet. Investors also form their own opinion of Waste Connections' value that differs from its market value or its book value, called intrinsic value, which is Waste Connections' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Waste Connections' market value can be influenced by many factors that don't directly affect Waste Connections' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Waste Connections' value and its price as these two are different measures arrived at by different means. Investors typically determine if Waste Connections is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Waste Connections' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.