Concrete Total Current Assets vs Net Debt Analysis

BBCP Stock  USD 6.00  0.10  1.69%   
Concrete Pumping financial indicator trend analysis is way more than just evaluating Concrete Pumping Holdings prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Concrete Pumping Holdings is a good investment. Please check the relationship between Concrete Pumping Total Current Assets and its Net Debt accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Concrete Pumping Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

Total Current Assets vs Net Debt

Total Current Assets vs Net Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Concrete Pumping Holdings Total Current Assets account and Net Debt. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Concrete Pumping's Total Current Assets and Net Debt is 0.89. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Net Debt in the same time period over historical financial statements of Concrete Pumping Holdings, assuming nothing else is changed. The correlation between historical values of Concrete Pumping's Total Current Assets and Net Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Current Assets of Concrete Pumping Holdings are associated (or correlated) with its Net Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Debt has no effect on the direction of Total Current Assets i.e., Concrete Pumping's Total Current Assets and Net Debt go up and down completely randomly.

Correlation Coefficient

0.89
Relationship DirectionPositive 
Relationship StrengthStrong

Total Current Assets

The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.

Net Debt

The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.
Most indicators from Concrete Pumping's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Concrete Pumping Holdings 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Concrete Pumping Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.
At this time, Concrete Pumping's Tax Provision is relatively stable compared to the past year. As of 11/23/2024, Enterprise Value Over EBITDA is likely to grow to 3.39, while Selling General Administrative is likely to drop slightly above 86.3 M.
 2021 2022 2023 2024 (projected)
Interest Expense25.9M28.1M32.3M28.6M
Depreciation And Amortization61.4M64.2M73.8M48.2M

Concrete Pumping fundamental ratios Correlations

0.180.911.00.96-0.530.951.0-0.830.770.791.00.960.970.960.790.880.980.970.980.930.991.00.830.920.9
0.180.350.130.240.420.190.18-0.250.030.260.150.290.220.280.260.330.020.030.07-0.010.160.170.220.49-0.06
0.910.350.890.81-0.370.860.9-0.650.620.70.90.880.830.90.70.820.860.840.830.790.880.90.680.920.78
1.00.130.890.95-0.590.931.0-0.830.770.771.00.950.960.950.770.860.990.970.980.931.00.990.810.90.93
0.960.240.810.95-0.440.950.96-0.850.740.80.960.910.990.890.80.910.920.910.960.920.950.970.940.90.82
-0.530.42-0.37-0.59-0.44-0.31-0.560.56-0.31-0.13-0.55-0.52-0.46-0.46-0.13-0.36-0.68-0.58-0.56-0.41-0.58-0.52-0.24-0.26-0.82
0.950.190.860.930.95-0.310.94-0.750.80.810.950.860.960.90.810.860.90.920.960.970.930.960.90.890.76
1.00.180.91.00.96-0.560.94-0.860.770.761.00.960.970.950.760.870.980.970.980.921.01.00.820.890.92
-0.83-0.25-0.65-0.83-0.850.56-0.75-0.86-0.73-0.55-0.83-0.85-0.86-0.83-0.55-0.68-0.84-0.85-0.86-0.72-0.88-0.84-0.72-0.68-0.83
0.770.030.620.770.74-0.310.80.77-0.730.610.780.690.790.860.610.440.770.870.810.830.780.780.70.640.67
0.790.260.70.770.8-0.130.810.76-0.550.610.780.830.770.761.00.760.730.720.760.790.750.790.730.820.6
1.00.150.91.00.96-0.550.951.0-0.830.780.780.950.970.950.780.870.990.970.990.940.991.00.830.90.91
0.960.290.880.950.91-0.520.860.96-0.850.690.830.950.910.940.830.850.940.910.920.820.960.950.750.90.9
0.970.220.830.960.99-0.460.960.97-0.860.790.770.970.910.910.770.890.940.930.970.930.960.970.930.890.83
0.960.280.90.950.89-0.460.90.95-0.830.860.760.950.940.910.760.740.930.950.920.870.950.950.750.910.86
0.790.260.70.770.8-0.130.810.76-0.550.611.00.780.830.770.760.760.730.720.760.790.750.790.730.820.6
0.880.330.820.860.91-0.360.860.87-0.680.440.760.870.850.890.740.760.820.740.850.790.850.880.850.880.71
0.980.020.860.990.92-0.680.90.98-0.840.770.730.990.940.940.930.730.820.980.980.910.990.980.770.830.96
0.970.030.840.970.91-0.580.920.97-0.850.870.720.970.910.930.950.720.740.980.980.940.980.970.780.810.92
0.980.070.830.980.96-0.560.960.98-0.860.810.760.990.920.970.920.760.850.980.980.960.990.990.860.840.9
0.93-0.010.790.930.92-0.410.970.92-0.720.830.790.940.820.930.870.790.790.910.940.960.920.940.860.810.79
0.990.160.881.00.95-0.580.931.0-0.880.780.750.990.960.960.950.750.850.990.980.990.920.990.810.880.93
1.00.170.90.990.97-0.520.961.0-0.840.780.791.00.950.970.950.790.880.980.970.990.940.990.850.90.9
0.830.220.680.810.94-0.240.90.82-0.720.70.730.830.750.930.750.730.850.770.780.860.860.810.850.790.61
0.920.490.920.90.9-0.260.890.89-0.680.640.820.90.90.890.910.820.880.830.810.840.810.880.90.790.71
0.9-0.060.780.930.82-0.820.760.92-0.830.670.60.910.90.830.860.60.710.960.920.90.790.930.90.610.71
Click cells to compare fundamentals

Concrete Pumping Account Relationship Matchups

Concrete Pumping fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets773.8M792.7M887.5M904.5M1.0B682.0M
Other Current Liab25.9M30.0M41.1M26.6M30.6M21.2M
Total Current Liabilities62.3M48.2M110.3M84.0M96.6M60.5M
Total Stockholder Equity267.1M262.6M279.3M308.2M354.5M199.0M
Other Liab69.0M68.0M87.5M81.3M93.4M69.0M
Net Tangible Assets(174.6M)(132.9M)(120.7M)(78.7M)(70.8M)(74.3M)
Property Plant And Equipment Net304.3M337.8M444.2M452.5M520.3M324.8M
Net Debt360.3M361.2M440.4M400.3M460.4M269.1M
Retained Earnings(99.8M)(114.9M)(86.2M)(54.4M)(49.0M)(51.5M)
Accounts Payable6.6M10.7M8.4M8.9M10.2M7.6M
Cash6.7M9.3M7.5M15.9M18.2M19.2M
Non Current Assets Total713.8M725.0M805.9M810.3M931.8M626.9M
Non Currrent Assets Other2.5M4.0M3.7M16.0M18.4M19.4M
Other Assets2.8M2.5M4.0M3.7M4.3M2.4M
Long Term Debt343.9M369.1M370.5M371.9M427.6M293.1M
Cash And Short Term Investments6.7M9.3M7.5M15.9M18.2M19.2M
Net Receivables45.9M49.3M63.4M63.0M72.4M45.3M
Good Will223.2M224.7M220.2M221.5M254.7M188.1M
Common Stock Shares Outstanding52.8M53.4M54.9M54.2M62.3M43.7M
Non Current Liabilities Total444.3M481.9M497.9M487.3M560.4M408.4M
Inventory4.6M4.9M5.5M6.7M7.7M4.9M
Other Stockholder Equity342.6M323.8M349.8M343.2M394.6M234.5M
Total Liab506.6M530.1M608.2M571.3M657.0M474.9M
Deferred Long Term Liab997K753K1.9M1.7M2.0M1.2M
Total Current Assets60.0M67.6M81.6M94.3M108.4M55.1M
Intangible Assets183.8M158.5M137.8M120.2M138.3M127.9M
Property Plant Equipment307.4M304.3M337.8M444.2M510.8M300.1M
Short Long Term Debt Total367.0M370.5M447.9M416.2M478.6M352.8M
Current Deferred Revenue30.4M33.3M41.8M19.1M21.9M15.5M
Liabilities And Stockholders Equity773.8M792.7M887.5M904.5M1.0B739.4M
Other Current Assets2.7M4.1M5.2M8.7M10.0M10.5M
Net Invested Capital640.7M632.6M701.9M699.1M803.9M580.0M
Accumulated Other Comprehensive Income(606K)3.7M(9.2M)(5.5M)(4.9M)(4.7M)
Net Working Capital(2.3M)19.4M(28.7M)10.3M11.8M12.4M
Short Term Debt22.7M1.1M56.2M23.8M21.4M24.2M
Property Plant And Equipment Gross304.3M407.7M444.2M585.6M673.5M412.7M
Short Long Term Debt22.6M990K52.1M19.0M21.8M21.3M

Pair Trading with Concrete Pumping

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 Concrete Pumping 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 Concrete Pumping will appreciate offsetting losses from the drop in the long position's value.

Moving against Concrete Stock

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The ability to find closely correlated positions to Concrete Pumping could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Concrete Pumping 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 Concrete Pumping - 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 Concrete Pumping Holdings to buy it.
The correlation of Concrete Pumping 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 Concrete Pumping moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Concrete Pumping Holdings 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 Concrete Pumping 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.
Pair CorrelationCorrelation Matching

Additional Tools for Concrete Stock Analysis

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