Vestis Net Invested Capital vs Non Current Liabilities Total Analysis

VSTS Stock   16.02  0.40  2.56%   
Vestis financial indicator trend analysis is much more than just breaking down Vestis prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Vestis is a good investment. Please check the relationship between Vestis Net Invested Capital and its Non Current Liabilities Total accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Vestis. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.
For more information on how to buy Vestis Stock please use our How to Invest in Vestis guide.

Net Invested Capital vs Non Current Liabilities Total

Net Invested Capital vs Non Current Liabilities Total Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Vestis Net Invested Capital account and Non Current Liabilities Total. At this time, the significance of the direction appears to have strong relationship.
The correlation between Vestis' Net Invested Capital and Non Current Liabilities Total is 0.69. Overlapping area represents the amount of variation of Net Invested Capital that can explain the historical movement of Non Current Liabilities Total in the same time period over historical financial statements of Vestis, assuming nothing else is changed. The correlation between historical values of Vestis' Net Invested Capital and Non Current Liabilities Total is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Invested Capital of Vestis are associated (or correlated) with its Non Current Liabilities Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Liabilities Total has no effect on the direction of Net Invested Capital i.e., Vestis' Net Invested Capital and Non Current Liabilities Total go up and down completely randomly.

Correlation Coefficient

0.69
Relationship DirectionPositive 
Relationship StrengthSignificant

Net Invested Capital

The total amount of capital invested in a company, including both equity and debt, minus any cash or cash equivalents.

Non Current Liabilities Total

Most indicators from Vestis' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Vestis 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Vestis. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.
For more information on how to buy Vestis Stock please use our How to Invest in Vestis guide.At this time, Vestis' Enterprise Value Over EBITDA is comparatively stable compared to the past year. Enterprise Value Multiple is likely to gain to 8.14 in 2024, whereas Tax Provision is likely to drop slightly above 37.1 M in 2024.
 2022 2023 2024 (projected)
Interest Expense10K126.6M132.9M
Depreciation And Amortization136.5M140.8M150.1M

Vestis fundamental ratios Correlations

-0.98-0.060.330.66-0.420.47-0.550.96-0.060.5-0.49-0.980.690.44-0.49-0.43-0.990.330.43-0.740.75-0.430.350.540.47
-0.980.13-0.46-0.790.5-0.620.61-0.950.12-0.630.580.96-0.78-0.580.580.60.96-0.39-0.580.86-0.870.5-0.41-0.7-0.62
-0.060.13-0.580.05-0.630.19-0.58-0.271.0-0.08-0.11-0.030.340.26-0.110.430.040.730.270.09-0.06-0.630.710.020.22
0.33-0.46-0.580.48-0.130.55-0.160.52-0.580.180.07-0.20.340.470.07-0.95-0.230.020.48-0.670.63-0.140.040.640.46
0.66-0.790.050.48-0.780.94-0.820.590.060.85-0.77-0.690.940.93-0.77-0.72-0.630.690.92-0.960.97-0.780.720.960.96
-0.420.5-0.63-0.13-0.78-0.870.99-0.27-0.64-0.510.540.48-0.92-0.90.540.380.4-0.99-0.910.7-0.721.0-0.99-0.78-0.88
0.47-0.620.190.550.94-0.87-0.870.420.190.67-0.57-0.480.921.0-0.57-0.76-0.420.81.0-0.910.92-0.870.820.980.99
-0.550.61-0.58-0.16-0.820.99-0.87-0.41-0.59-0.550.580.6-0.96-0.90.580.410.53-0.97-0.90.76-0.780.99-0.97-0.8-0.88
0.96-0.95-0.270.520.59-0.270.42-0.41-0.270.39-0.32-0.90.580.37-0.32-0.56-0.930.160.36-0.730.72-0.280.190.520.39
-0.060.121.0-0.580.06-0.640.19-0.59-0.27-0.07-0.13-0.040.350.27-0.130.430.040.740.280.08-0.05-0.640.720.020.23
0.5-0.63-0.080.180.85-0.510.67-0.550.39-0.07-0.96-0.590.690.67-0.96-0.45-0.530.430.66-0.720.75-0.510.460.720.75
-0.490.58-0.110.07-0.770.54-0.570.58-0.32-0.13-0.960.62-0.67-0.591.00.220.55-0.49-0.580.6-0.640.53-0.51-0.6-0.67
-0.980.96-0.03-0.2-0.690.48-0.480.6-0.9-0.04-0.590.62-0.73-0.460.620.350.99-0.4-0.450.72-0.740.48-0.42-0.54-0.5
0.69-0.780.340.340.94-0.920.92-0.960.580.350.69-0.67-0.730.93-0.67-0.58-0.670.860.93-0.90.91-0.930.880.90.94
0.44-0.580.260.470.93-0.91.0-0.90.370.270.67-0.59-0.460.93-0.59-0.7-0.390.851.0-0.880.89-0.910.860.960.99
-0.490.58-0.110.07-0.770.54-0.570.58-0.32-0.13-0.961.00.62-0.67-0.590.220.55-0.49-0.580.6-0.640.53-0.51-0.6-0.67
-0.430.60.43-0.95-0.720.38-0.760.41-0.560.43-0.450.220.35-0.58-0.70.220.35-0.26-0.710.85-0.820.38-0.28-0.84-0.7
-0.990.960.04-0.23-0.630.4-0.420.53-0.930.04-0.530.550.99-0.67-0.390.550.35-0.31-0.390.69-0.70.4-0.33-0.49-0.43
0.33-0.390.730.020.69-0.990.8-0.970.160.740.43-0.49-0.40.860.85-0.49-0.26-0.310.85-0.590.61-0.991.00.690.82
0.43-0.580.270.480.92-0.911.0-0.90.360.280.66-0.58-0.450.931.0-0.58-0.71-0.390.85-0.880.88-0.910.860.960.99
-0.740.860.09-0.67-0.960.7-0.910.76-0.730.08-0.720.60.72-0.9-0.880.60.850.69-0.59-0.88-1.00.7-0.62-0.96-0.9
0.75-0.87-0.060.630.97-0.720.92-0.780.72-0.050.75-0.64-0.740.910.89-0.64-0.82-0.70.610.88-1.0-0.720.640.960.91
-0.430.5-0.63-0.14-0.781.0-0.870.99-0.28-0.64-0.510.530.48-0.93-0.910.530.380.4-0.99-0.910.7-0.72-0.99-0.78-0.88
0.35-0.410.710.040.72-0.990.82-0.970.190.720.46-0.51-0.420.880.86-0.51-0.28-0.331.00.86-0.620.64-0.990.710.84
0.54-0.70.020.640.96-0.780.98-0.80.520.020.72-0.6-0.540.90.96-0.6-0.84-0.490.690.96-0.960.96-0.780.710.97
0.47-0.620.220.460.96-0.880.99-0.880.390.230.75-0.67-0.50.940.99-0.67-0.7-0.430.820.99-0.90.91-0.880.840.97
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Vestis Account Relationship Matchups

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Additional Tools for Vestis Stock Analysis

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