| NWPX Stock | | | USD 56.29 1.08 1.96% |
Northwest Pipe financial indicator trend analysis is infinitely more than just investigating Northwest Pipe recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Northwest Pipe is a good investment. Please check the relationship between Northwest Pipe Total Current Assets and its Net Debt accounts. Check out
Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Northwest Pipe. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in american community survey.
For more information on how to buy Northwest Stock please use our
How to Invest in Northwest Pipe guide.
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
Northwest Pipe Total Current Assets account and
Net Debt. At this time, the significance of the direction appears to have strong relationship.
The correlation between Northwest Pipe's Total Current Assets and Net Debt is 0.66. 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 Northwest Pipe, assuming nothing else is changed. The correlation between historical values of Northwest Pipe'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 Northwest Pipe 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., Northwest Pipe's Total Current Assets and Net Debt go up and down completely randomly.
Correlation Coefficient | 0.66 |
| Relationship Direction | Positive |
| Relationship Strength | Significant |
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 Northwest Pipe's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Northwest Pipe 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 Pipe. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in american community survey.
For more information on how to buy Northwest Stock please use our
How to Invest in Northwest Pipe guide.At this time, Northwest Pipe's
Tax Provision is fairly stable compared to the past year.
Enterprise Value Over EBITDA is likely to rise to 10.86 in 2024, whereas
Selling General Administrative is likely to drop slightly above 27.7
M in 2024.
Northwest Pipe fundamental ratios Correlations
Click cells to compare fundamentals
Northwest Pipe Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Northwest Pipe fundamental ratios Accounts
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Additional Tools for Northwest Stock Analysis
When running Northwest Pipe's price analysis, check to
measure Northwest Pipe'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 Northwest Pipe is operating at the current time. Most of Northwest Pipe's value examination focuses on studying past and present price action to
predict the probability of Northwest Pipe's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Northwest Pipe's price. Additionally, you may evaluate how the addition of Northwest Pipe to your portfolios can decrease your overall portfolio volatility.