NorthWest Non Current Liabilities Total vs Total Liab Analysis
NWH-UN Stock | CAD 4.89 0.05 1.01% |
NorthWest Healthcare financial indicator trend analysis is infinitely more than just investigating NorthWest Healthcare recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether NorthWest Healthcare is a good investment. Please check the relationship between NorthWest Healthcare Non Current Liabilities Total and its Total Liab accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NorthWest Healthcare Properties. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment.
Non Current Liabilities Total vs Total Liab
Non Current Liabilities Total vs Total Liab Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of NorthWest Healthcare Non Current Liabilities Total account and Total Liab. At this time, the significance of the direction appears to have totally related.
The correlation between NorthWest Healthcare's Non Current Liabilities Total and Total Liab is 0.99. Overlapping area represents the amount of variation of Non Current Liabilities Total that can explain the historical movement of Total Liab in the same time period over historical financial statements of NorthWest Healthcare Properties, assuming nothing else is changed. The correlation between historical values of NorthWest Healthcare's Non Current Liabilities Total and Total Liab is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Non Current Liabilities Total of NorthWest Healthcare Properties are associated (or correlated) with its Total Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Liab has no effect on the direction of Non Current Liabilities Total i.e., NorthWest Healthcare's Non Current Liabilities Total and Total Liab go up and down completely randomly.
Correlation Coefficient | 0.99 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Non Current Liabilities Total
Total Liab
The total amount of all liabilities that a company has, including both short-term and long-term liabilities.Most indicators from NorthWest Healthcare's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into NorthWest Healthcare 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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NorthWest Healthcare Properties. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment. At present, NorthWest Healthcare's Selling General Administrative is projected to increase significantly based on the last few years of reporting. The current year's Enterprise Value is expected to grow to about 4.8 B, whereas Tax Provision is projected to grow to (17.4 M).
2021 | 2022 | 2023 | 2024 (projected) | Total Revenue | 374.6M | 448.8M | 508.0M | 300.9M | Interest Expense | 102.2M | 163.9M | 233.9M | 245.5M |
NorthWest Healthcare fundamental ratios Correlations
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NorthWest Healthcare Account Relationship Matchups
High Positive Relationship
High Negative Relationship
NorthWest Healthcare fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 5.5B | 5.8B | 7.1B | 8.5B | 7.6B | 4.4B | |
Short Long Term Debt Total | 2.7B | 2.8B | 2.9B | 3.7B | 3.9B | 2.1B | |
Other Current Liab | 32.6M | 32.9M | 26.3M | 459.4M | 18.5M | 17.6M | |
Total Current Liabilities | 263.9M | 571.8M | 752.3M | 1.1B | 641.5M | 332.2M | |
Total Stockholder Equity | 1.3B | 1.6B | 2.4B | 2.5B | 2.0B | 1.2B | |
Property Plant And Equipment Net | 7.5M | 6.4M | 6.8M | 9.1M | 8M | 7.6M | |
Net Debt | 2.5B | 2.6B | 2.9B | 3.6B | 3.8B | 2.1B | |
Accounts Payable | 92.5M | 92.3M | 90.0M | 133.3M | 128.7M | 67.7M | |
Cash | 192.2M | 144.1M | 62.7M | 88.0M | 72.0M | 60.5M | |
Non Current Assets Total | 5.2B | 5.7B | 6.9B | 7.4B | 7.4B | 4.2B | |
Non Currrent Assets Other | 10.2M | 7.8M | 6.3B | 6.7B | 6.9B | 7.3B | |
Cash And Short Term Investments | 192.2M | 144.1M | 62.7M | 88.0M | 72.0M | 60.5M | |
Net Receivables | 55.1M | 31.5M | 73.5M | 38.8M | 46.0M | 35.3M | |
Common Stock Shares Outstanding | 140.2M | 200.8M | 218.8M | 240.4M | 244.2M | 256.4M | |
Liabilities And Stockholders Equity | 5.5B | 5.8B | 7.1B | 8.5B | 7.6B | 4.4B | |
Non Current Liabilities Total | 3.2B | 2.7B | 2.8B | 3.7B | 3.9B | 2.3B | |
Inventory | 111.3M | (15.3M) | (510.0K) | (37.6M) | 181.7M | 190.8M | |
Other Current Assets | 7.8M | 21.2M | 38.1M | 1.0B | (118.0M) | (112.1M) | |
Other Stockholder Equity | (234.4M) | (548.8M) | (983.7M) | (1.0B) | (700.3M) | (665.2M) | |
Total Liab | 3.5B | 3.3B | 3.5B | 4.8B | 4.5B | 2.6B | |
Total Current Assets | 366.4M | 181.5M | 143.4M | 1.1B | 181.7M | 211.7M | |
Other Liab | 284.2M | 322.2M | 287.8M | 386.2M | 444.1M | 466.4M | |
Net Tangible Assets | 819.0M | 1.2B | 1.5B | 2.3B | 2.6B | 2.8B | |
Retained Earnings | (90.5M) | 85.3M | 354.2M | 229.0M | (277.0M) | (263.2M) | |
Other Assets | 12.1M | 14.7M | 14.8M | 41.0M | 47.1M | 49.5M | |
Long Term Debt | 2.6B | 2.3B | 2.3B | 3.2B | 3.5B | 2.0B | |
Short Long Term Debt | 138.8M | 446.5M | 636.0M | 506.8M | 450.4M | 299.7M | |
Short Term Debt | 138.8M | 446.5M | 636.0M | 506.8M | 450.4M | 388.2M | |
Common Stock | 1.5B | 1.7B | 2.3B | 2.5B | 2.5B | 2.7B | |
Property Plant Equipment | 4.7B | 4.9B | 5.3B | 6.3B | 7.2B | 7.6B | |
Intangible Assets | 47.3M | 47.3M | 47.3M | 45.0M | 43.8M | 47.4M | |
Long Term Investments | 134.1M | 298.0M | 481.4M | 619.6M | 439.1M | 300.7M | |
Accumulated Other Comprehensive Income | (140.2M) | (181.5M) | (291.8M) | (315.8M) | (293.4M) | (278.7M) | |
Short Term Investments | 900K | 535K | 510K | 37.6M | 25.9M | 27.2M | |
Non Current Liabilities Other | 211.3M | 21.5M | 23.6M | 16.2M | 8.7M | 8.3M | |
Capital Lease Obligations | 11.3M | 12.4M | 12.7M | 12.9M | 14.4M | 12.0M | |
Net Invested Capital | 4.0B | 4.4B | 5.3B | 6.1B | 5.9B | 5.2B | |
Net Working Capital | 69.8M | (408.2M) | (608.9M) | 14.4M | (459.8M) | (436.8M) |
Pair Trading with NorthWest Healthcare
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 NorthWest Healthcare 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 NorthWest Healthcare will appreciate offsetting losses from the drop in the long position's value.Moving together with NorthWest Stock
Moving against NorthWest Stock
The ability to find closely correlated positions to NorthWest Healthcare could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace NorthWest Healthcare 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 NorthWest Healthcare - 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 NorthWest Healthcare Properties to buy it.
The correlation of NorthWest Healthcare 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 NorthWest Healthcare moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if NorthWest Healthcare 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 NorthWest Healthcare 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.Other Information on Investing in NorthWest Stock
Balance Sheet is a snapshot of the financial position of NorthWest Healthcare at a specified time, usually calculated after every quarter, six months, or one year. NorthWest Healthcare Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of NorthWest Healthcare and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which NorthWest currently owns. An asset can also be divided into two categories, current and non-current.