North Historical Cash Flow
| NOA Stock | CAD 28.58 0.58 2.07% |
Analysis of North American cash flow over time is an excellent tool to project North American Const future capital expenditures as well as to predict the amount of cash needed to cover cost of sales, R&D expenses or production expansions. Investors should almost always look for trends in cash flow indicators such as Total Cash From Operating Activities of 283.9 M or Net Income of 66.3 M as it is a great indicator of North American ability to facilitate future growth, repay debt on time or pay out dividends.
Financial Statement Analysis is much more than just reviewing and examining North American Const latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether North American Const is a good buy for the upcoming year.
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About North Cash Flow Analysis
The Cash Flow Statement is a financial statement that shows how changes in North balance sheet and income statement accounts affect cash and cash equivalents. It breaks the analysis down to operating, investing, and financing activities. One of the most critical aspects of the cash flow statement is liquidity, which is the degree to which North's non-liquid assets can be easily converted into cash.
North American Cash Flow Chart
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Capital Expenditures
Capital Expenditures are funds used by North American Const to acquire physical assets such as property, industrial buildings or equipment. This type of outlay is used by management to increase the scope of North American operations. These expenditures can include everything from repairing an office equipment, building a brand new facility, or writing new software.Begin Period Cash Flow
The amount of cash a company has at the beginning of a financial reporting period. It serves as the starting point for calculating the period's cash flow from operations, investing, and financing activities.Change In Working Capital
The difference in the amount of working capital from one period to the next, indicating the change in a company's short-term assets and liabilities.Dividends Paid
The total amount of dividends that a company has paid out to its shareholders over a specific period.Most accounts from North American's cash flow statement are interrelated and interconnected. However, analyzing cash flow statement accounts one by one will only give a small insight into North American Const current financial condition. On the other hand, looking into the entire matrix of cash flow statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in North American Construction. 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. At this time, North American's Begin Period Cash Flow is very stable compared to the past year. As of the 1st of December 2024, Change In Working Capital is likely to grow to about 53.6 M, while Other Cashflows From Financing Activities is likely to drop (17 M).
| 2021 | 2022 | 2023 | 2024 (projected) | Begin Period Cash Flow | 43.4M | 16.6M | 69.1M | 72.6M | End Period Cash Flow | 16.6M | 69.1M | 88.6M | 93.0M |
North American cash flow statement Correlations
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North American Account Relationship Matchups
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High Negative Relationship
North American cash flow statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Change In Cash | (14.0M) | 38.4M | (26.8M) | 52.5M | 19.5M | 20.4M | |
| Free Cash Flow | 496K | 29.7M | 51.4M | 53.9M | 66.9M | 70.2M | |
| Other Cashflows From Financing Activities | (260K) | (428K) | (3.0M) | (318K) | (16.2M) | (17.0M) | |
| Other Non Cash Items | (2.3M) | (1.9M) | (14.8M) | (24.4M) | (6.9M) | (6.6M) | |
| Capital Expenditures | 157.4M | 117.6M | 113.8M | 115.3M | 203.5M | 213.7M | |
| Total Cash From Operating Activities | 157.9M | 147.3M | 165.2M | 169.2M | 270.4M | 283.9M | |
| Net Income | 37.1M | 49.2M | 51.4M | 67.4M | 63.1M | 66.3M | |
| End Period Cash Flow | 5.5M | 43.9M | 16.6M | 69.1M | 88.6M | 93.0M | |
| Begin Period Cash Flow | 19.5M | 5.5M | 43.4M | 16.6M | 69.1M | 72.6M | |
| Change In Working Capital | 8.5M | (2.8M) | 671K | (13.3M) | 51.1M | 53.6M | |
| Depreciation | 102.3M | 89.6M | 108.0M | 119.3M | 131.3M | 137.9M | |
| Total Cash From Financing Activities | (11.2M) | 4.7M | (92.8M) | (19.5M) | (7.7M) | (7.4M) | |
| Sale Purchase Of Stock | (10.4M) | (19.0M) | (22.0M) | (36.2M) | (6.0M) | (6.3M) | |
| Change To Inventory | (12.6M) | 2.5M | (11.2M) | (5.4M) | (2.5M) | (2.6M) | |
| Stock Based Compensation | 9.4M | 1.9M | 11.6M | 4.8M | 15.8M | 16.6M | |
| Change To Account Receivables | 5.4M | 29.5M | (30.6M) | (11.0M) | 38.6M | 40.5M | |
| Net Borrowings | 2.7M | 28.5M | (63.3M) | 24.8M | 28.5M | 29.9M | |
| Total Cashflows From Investing Activities | (160.7M) | (113.6M) | (99.3M) | (97.5M) | (87.7M) | (92.1M) | |
| Dividends Paid | 2.5M | 4.4M | 4.4M | 7.8M | 10.0M | 10.5M | |
| Change To Operating Activities | 1.3M | (1.6M) | 12.2M | (1.8M) | (2.0M) | (1.9M) | |
| Other Cashflows From Investing Activities | 2.9M | 2.9M | 10.7M | 17.8M | 16.0M | 20.2M | |
| Change To Netincome | 9.3M | 10.2M | 4.0M | (5.2M) | (6.0M) | (5.7M) | |
| Change To Liabilities | 24.7M | (45.3M) | 33.1M | 10.8M | 12.4M | 13.1M | |
| Investments | (160.7M) | (1.8M) | (2.0M) | (97.5M) | (244.9M) | (232.6M) |
Pair Trading with North American
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 North American 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 North American will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to North American could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace North American 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 North American - 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 North American Construction to buy it.
The correlation of North American 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 North American moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if North American Const 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 North American 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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in North American Construction. 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. You can also try the Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.