NorthWest Total Liab vs Total Stockholder Equity 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 Total Liab and its Total Stockholder Equity 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.

Total Liab vs Total Stockholder Equity

Total Liab vs Total Stockholder Equity Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of NorthWest Healthcare Total Liab account and Total Stockholder Equity. At this time, the significance of the direction appears to have very strong relationship.
The correlation between NorthWest Healthcare's Total Liab and Total Stockholder Equity is 0.89. Overlapping area represents the amount of variation of Total Liab that can explain the historical movement of Total Stockholder Equity 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 Total Liab and Total Stockholder Equity 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 Liab of NorthWest Healthcare Properties are associated (or correlated) with its Total Stockholder Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Stockholder Equity has no effect on the direction of Total Liab i.e., NorthWest Healthcare's Total Liab and Total Stockholder Equity go up and down completely randomly.

Correlation Coefficient

0.89
Relationship DirectionPositive 
Relationship StrengthStrong

Total Liab

The total amount of all liabilities that a company has, including both short-term and long-term liabilities.

Total Stockholder Equity

The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.
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 Revenue374.6M448.8M508.0M300.9M
Interest Expense102.2M163.9M233.9M245.5M

NorthWest Healthcare fundamental ratios Correlations

0.990.530.930.95-0.730.980.980.651.00.680.650.680.890.960.250.43-0.950.990.680.880.830.050.780.960.43
0.990.450.870.89-0.761.00.980.650.990.670.650.70.860.990.330.34-0.911.00.620.880.8-0.010.760.990.49
0.530.450.70.55-0.260.460.540.230.460.390.230.140.410.43-0.220.98-0.510.510.940.320.360.250.380.440.09
0.930.870.70.97-0.550.870.910.510.910.690.510.530.860.80.020.63-0.920.880.760.80.820.160.770.810.24
0.950.890.550.97-0.580.890.920.580.940.670.580.590.90.830.10.48-0.940.890.660.840.860.090.80.830.22
-0.73-0.76-0.26-0.55-0.58-0.76-0.69-0.47-0.74-0.46-0.47-0.57-0.63-0.8-0.38-0.130.7-0.77-0.38-0.69-0.59-0.01-0.58-0.8-0.51
0.981.00.460.870.89-0.760.970.620.990.680.620.690.860.990.330.34-0.911.00.610.880.8-0.010.760.980.5
0.980.980.540.910.92-0.690.970.670.970.640.670.580.880.950.270.44-0.910.980.690.870.83-0.080.750.950.33
0.650.650.230.510.58-0.470.620.670.640.061.00.540.590.670.270.16-0.560.660.480.620.5-0.170.360.670.28
1.00.990.460.910.94-0.740.990.970.640.670.640.690.890.960.270.36-0.950.980.610.890.830.040.780.960.43
0.680.670.390.690.67-0.460.680.640.060.670.060.530.740.620.430.27-0.740.660.460.750.78-0.060.890.640.39
0.650.650.230.510.58-0.470.620.671.00.640.060.540.590.670.270.16-0.560.660.480.620.5-0.170.360.670.28
0.680.70.140.530.59-0.570.690.580.540.690.530.540.540.710.460.05-0.610.70.380.640.490.230.610.690.79
0.890.860.410.860.9-0.630.860.880.590.890.740.590.540.810.380.29-0.950.850.560.960.98-0.230.90.820.25
0.960.990.430.80.83-0.80.990.950.670.960.620.670.710.810.390.31-0.870.990.610.850.74-0.030.710.990.55
0.250.33-0.220.020.1-0.380.330.270.270.270.430.270.460.380.39-0.41-0.240.320.010.470.42-0.660.540.40.46
0.430.340.980.630.48-0.130.340.440.160.360.270.160.050.290.31-0.41-0.410.390.890.20.240.380.240.31-0.01
-0.95-0.91-0.51-0.92-0.940.7-0.91-0.91-0.56-0.95-0.74-0.56-0.61-0.95-0.87-0.24-0.41-0.91-0.63-0.92-0.91-0.02-0.85-0.88-0.36
0.991.00.510.880.89-0.771.00.980.660.980.660.660.70.850.990.320.39-0.910.670.870.790.010.750.990.5
0.680.620.940.760.66-0.380.610.690.480.610.460.480.380.560.610.010.89-0.630.670.520.510.140.530.610.26
0.880.880.320.80.84-0.690.880.870.620.890.750.620.640.960.850.470.2-0.920.870.520.96-0.230.90.880.35
0.830.80.360.820.86-0.590.80.830.50.830.780.50.490.980.740.420.24-0.910.790.510.96-0.30.940.780.17
0.05-0.010.250.160.09-0.01-0.01-0.08-0.170.04-0.06-0.170.23-0.23-0.03-0.660.38-0.020.010.14-0.23-0.3-0.22-0.070.23
0.780.760.380.770.8-0.580.760.750.360.780.890.360.610.90.710.540.24-0.850.750.530.90.94-0.220.740.33
0.960.990.440.810.83-0.80.980.950.670.960.640.670.690.820.990.40.31-0.880.990.610.880.78-0.070.740.53
0.430.490.090.240.22-0.510.50.330.280.430.390.280.790.250.550.46-0.01-0.360.50.260.350.170.230.330.53
Click cells to compare fundamentals

NorthWest Healthcare Account Relationship Matchups

NorthWest Healthcare fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets5.5B5.8B7.1B8.5B7.6B4.4B
Short Long Term Debt Total2.7B2.8B2.9B3.7B3.9B2.1B
Other Current Liab32.6M32.9M26.3M459.4M18.5M17.6M
Total Current Liabilities263.9M571.8M752.3M1.1B641.5M332.2M
Total Stockholder Equity1.3B1.6B2.4B2.5B2.0B1.2B
Property Plant And Equipment Net7.5M6.4M6.8M9.1M8M7.6M
Net Debt2.5B2.6B2.9B3.6B3.8B2.1B
Accounts Payable92.5M92.3M90.0M133.3M128.7M67.7M
Cash192.2M144.1M62.7M88.0M72.0M60.5M
Non Current Assets Total5.2B5.7B6.9B7.4B7.4B4.2B
Non Currrent Assets Other10.2M7.8M6.3B6.7B6.9B7.3B
Cash And Short Term Investments192.2M144.1M62.7M88.0M72.0M60.5M
Net Receivables55.1M31.5M73.5M38.8M46.0M35.3M
Common Stock Shares Outstanding140.2M200.8M218.8M240.4M244.2M256.4M
Liabilities And Stockholders Equity5.5B5.8B7.1B8.5B7.6B4.4B
Non Current Liabilities Total3.2B2.7B2.8B3.7B3.9B2.3B
Inventory111.3M(15.3M)(510.0K)(37.6M)181.7M190.8M
Other Current Assets7.8M21.2M38.1M1.0B(118.0M)(112.1M)
Other Stockholder Equity(234.4M)(548.8M)(983.7M)(1.0B)(700.3M)(665.2M)
Total Liab3.5B3.3B3.5B4.8B4.5B2.6B
Total Current Assets366.4M181.5M143.4M1.1B181.7M211.7M
Other Liab284.2M322.2M287.8M386.2M444.1M466.4M
Net Tangible Assets819.0M1.2B1.5B2.3B2.6B2.8B
Retained Earnings(90.5M)85.3M354.2M229.0M(277.0M)(263.2M)
Other Assets12.1M14.7M14.8M41.0M47.1M49.5M
Long Term Debt2.6B2.3B2.3B3.2B3.5B2.0B
Short Long Term Debt138.8M446.5M636.0M506.8M450.4M299.7M
Short Term Debt138.8M446.5M636.0M506.8M450.4M388.2M
Common Stock1.5B1.7B2.3B2.5B2.5B2.7B
Property Plant Equipment4.7B4.9B5.3B6.3B7.2B7.6B
Intangible Assets47.3M47.3M47.3M45.0M43.8M47.4M
Long Term Investments134.1M298.0M481.4M619.6M439.1M300.7M
Accumulated Other Comprehensive Income(140.2M)(181.5M)(291.8M)(315.8M)(293.4M)(278.7M)
Short Term Investments900K535K510K37.6M25.9M27.2M
Non Current Liabilities Other211.3M21.5M23.6M16.2M8.7M8.3M
Capital Lease Obligations11.3M12.4M12.7M12.9M14.4M12.0M
Net Invested Capital4.0B4.4B5.3B6.1B5.9B5.2B
Net Working Capital69.8M(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

  0.82CMC Cielo Waste SolutionsPairCorr

Moving against NorthWest Stock

  0.54LQWD LQwD FinTech CorpPairCorr
  0.53MATE Blockmate Ventures Earnings Call TomorrowPairCorr
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.
Pair CorrelationCorrelation Matching

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.