Waste Historical Balance Sheet
WCN Stock | USD 193.18 0.07 0.04% |
Trend analysis of Waste Connections balance sheet accounts such as Total Assets of 18.8 B, Short Long Term Debt Total of 7.4 B, Other Current Liabilities of 1 B or Total Current Liabilities of 1.8 B provides information on Waste Connections' total assets, liabilities, and equity, which is the actual value of Waste Connections to its prevalent stockholders. By breaking down trends over time using Waste Connections balance sheet statements, investors will see what precisely the company owns and what it owes to creditors or other parties at the end of each accounting year.
Financial Statement Analysis is much more than just reviewing and examining Waste Connections 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 Waste Connections is a good buy for the upcoming year.
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About Waste Balance Sheet Analysis
Balance Sheet is a snapshot of the financial position of Waste Connections at a specified time, usually calculated after every quarter, six months, or one year. Waste Connections Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Waste Connections 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 Waste currently owns. An asset can also be divided into two categories, current and non-current.
Waste Connections Balance Sheet Chart
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Total Assets
Total assets refers to the total amount of Waste Connections assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Waste Connections books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.Total Current Liabilities
Total Current Liabilities is an item on Waste Connections balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Waste Connections are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.Retained Earnings
The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.Most accounts from Waste Connections' balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts one by one will only give a small insight into Waste Connections current financial condition. On the other hand, looking into the entire matrix of balance sheet 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 Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Waste Connections. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators. To learn how to invest in Waste Stock, please use our How to Invest in Waste Connections guide.At this time, Waste Connections' Net Debt is very stable compared to the past year. As of the 29th of November 2024, Retained Earnings is likely to grow to about 4.3 B, while Common Stock Shares Outstanding is likely to drop about 200.6 M.
2021 | 2022 | 2023 | 2024 (projected) | Short and Long Term Debt Total | 5.2B | 7.1B | 7.0B | 7.4B | Total Assets | 14.7B | 17.1B | 17.9B | 18.8B |
Waste Connections balance sheet Correlations
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Waste Connections Account Relationship Matchups
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High Negative Relationship
Waste Connections balance sheet Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 13.7B | 14.0B | 14.7B | 17.1B | 17.9B | 18.8B | |
Short Long Term Debt Total | 4.5B | 4.9B | 5.2B | 7.1B | 7.0B | 7.4B | |
Other Current Liab | 323.4M | 458.9M | 513.3M | 495.8M | 952.8M | 1.0B | |
Total Current Liabilities | 1.0B | 1.0B | 1.2B | 1.5B | 1.7B | 1.8B | |
Total Stockholder Equity | 6.9B | 6.9B | 7.0B | 7.1B | 7.7B | 8.1B | |
Property Plant And Equipment Net | 5.7B | 5.5B | 5.9B | 7.1B | 7.5B | 7.9B | |
Net Debt | 4.2B | 4.3B | 5.1B | 7.0B | 6.9B | 7.3B | |
Retained Earnings | 2.7B | 2.7B | 3.1B | 3.6B | 4.1B | 4.3B | |
Accounts Payable | 437.0M | 290.8M | 392.9M | 638.7M | 642.5M | 674.6M | |
Cash | 326.7M | 617.3M | 147.4M | 78.6M | 78.4M | 105.8M | |
Non Current Assets Total | 12.6B | 12.6B | 13.7B | 16.0B | 16.8B | 17.6B | |
Non Currrent Assets Other | 233.6M | 246.9M | 246.4M | (887.2M) | 269.1M | 282.5M | |
Cash And Short Term Investments | 326.7M | 617.3M | 147.4M | 78.6M | 78.4M | 105.8M | |
Net Receivables | 662.8M | 630.3M | 709.6M | 833.9M | 857.0M | 899.8M | |
Common Stock Shares Outstanding | 264.5M | 263.7M | 261.7M | 258.0M | 258.1M | 200.6M | |
Liabilities And Stockholders Equity | 13.7B | 14.0B | 14.7B | 17.1B | 17.9B | 18.8B | |
Non Current Liabilities Total | 5.8B | 6.1B | 6.5B | 8.5B | 8.5B | 9.0B | |
Other Current Assets | 141.1M | 178.3M | 131.5M | 144.2M | 142.8M | 150.0M | |
Other Stockholder Equity | 154.9M | 170.6M | 199.5M | 244.1M | 284.3M | 394.1M | |
Total Liab | 6.8B | 7.1B | 7.7B | 10.0B | 10.2B | 10.7B | |
Total Current Assets | 1.1B | 1.4B | 1.0B | 1.1B | 1.1B | 1.2B | |
Intangible Assets | 1.2B | 1.2B | 1.4B | 1.7B | 1.6B | 1.7B | |
Short Term Debt | 30.4M | 38.9M | 44.0M | 41.9M | 59.0M | 61.9M | |
Accumulated Other Comprehensive Income | (11.0M) | (651K) | 39.6M | (56.8M) | (9.8M) | (9.3M) | |
Common Stock | 4.1B | 4.0B | 3.7B | 3.3B | 3.3B | 3.4B | |
Other Liab | 1.2B | 1.2B | 1.3B | 1.5B | 1.7B | 1.8B | |
Other Assets | 233.6M | 417.9M | 246.4M | 297.3M | 1.0 | 0.95 | |
Long Term Debt | 4.4B | 4.7B | 5.0B | 6.9B | 6.7B | 7.1B | |
Good Will | 5.5B | 5.7B | 6.2B | 6.9B | 7.4B | 7.8B | |
Property Plant Equipment | 5.5B | 5.3B | 5.7B | 7.0B | 8.0B | 8.4B | |
Current Deferred Revenue | 216.4M | 233.6M | 273.7M | 325.0M | 18.1M | 17.2M | |
Common Stock Total Equity | 4.1B | 4.0B | 3.7B | 3.3B | 3.8B | 4.0B | |
Property Plant And Equipment Gross | 5.7B | 5.3B | 5.9B | 7.1B | 13.3B | 14.0B | |
Net Tangible Assets | 259.6M | (22.5M) | (549.3M) | (1.5B) | (1.3B) | (1.3B) | |
Deferred Long Term Liab | 818.6M | 760.0M | 850.9M | 1.0B | 1.2B | 632.2M | |
Short Long Term Debt | 16.4M | 8.3M | 6.0M | 6.8M | 26.5M | 25.1M | |
Long Term Debt Total | 4.4B | 4.7B | 5.0B | 6.9B | 7.9B | 4.7B | |
Capital Surpluse | 154.9M | 170.6M | 199.5M | 244.1M | 280.7M | 155.0M |
Pair Trading with Waste Connections
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 Waste Connections 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 Waste Connections will appreciate offsetting losses from the drop in the long position's value.Moving together with Waste Stock
Moving against Waste Stock
0.67 | FC | Franklin Covey | PairCorr |
0.67 | PFMT | Performant Financial | PairCorr |
0.66 | ICFI | ICF International | PairCorr |
0.62 | MMS | Maximus | PairCorr |
0.48 | CVEO | Civeo Corp | PairCorr |
The ability to find closely correlated positions to Waste Connections could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Waste Connections 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 Waste Connections - 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 Waste Connections to buy it.
The correlation of Waste Connections 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 Waste Connections moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Waste Connections 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 Waste Connections 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 Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Waste Connections. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators. To learn how to invest in Waste Stock, please use our How to Invest in Waste Connections guide.You can also try the Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Is Environmental & Facilities Services space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Waste Connections. If investors know Waste will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Waste Connections listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.339 | Dividend Share 1.14 | Earnings Share 3.63 | Revenue Per Share 33.72 | Quarterly Revenue Growth 0.133 |
The market value of Waste Connections is measured differently than its book value, which is the value of Waste that is recorded on the company's balance sheet. Investors also form their own opinion of Waste Connections' value that differs from its market value or its book value, called intrinsic value, which is Waste Connections' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Waste Connections' market value can be influenced by many factors that don't directly affect Waste Connections' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Waste Connections' value and its price as these two are different measures arrived at by different means. Investors typically determine if Waste Connections is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Waste Connections' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.