KNOT Net Debt To E B I T D A from 2010 to 2024
| KNOP Stock | USD 5.71 0.01 0.18% |
Net Debt To EBITDA | First Reported 2010-12-31 | Previous Quarter 6.18782063 | Current Value 9.2 | Quarterly Volatility 12.63392771 |
Check KNOT Offshore financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among KNOT Offshore's main balance sheet or income statement drivers, such as Depreciation And Amortization of 71.8 M, Interest Expense of 76.3 M or Selling General Administrative of 5.1 M, as well as many indicators such as Price To Sales Ratio of 0.65, Dividend Yield of 0.1 or PTB Ratio of 0.31. KNOT financial statements analysis is a perfect complement when working with KNOT Offshore Valuation or Volatility modules.
KNOT | Net Debt To E B I T D A |
Latest KNOT Offshore's Net Debt To E B I T D A Growth Pattern
Below is the plot of the Net Debt To E B I T D A of KNOT Offshore Partners over the last few years. It is a leverage ratio that indicates a company's ability to pay off its incurred debt. It compares a company's net debt (total debt minus cash) to its Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA). KNOT Offshore's Net Debt To EBITDA historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in KNOT Offshore's overall financial position and show how it may be relating to other accounts over time.
| Net Debt To E B I T D A | 10 Years Trend |
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Net Debt To E B I T D A |
| Timeline |
KNOT Net Debt To E B I T D A Regression Statistics
| Arithmetic Mean | 10.63 | |
| Geometric Mean | 7.49 | |
| Coefficient Of Variation | 118.80 | |
| Mean Deviation | 8.26 | |
| Median | 5.69 | |
| Standard Deviation | 12.63 | |
| Sample Variance | 159.62 | |
| Range | 36.9563 | |
| R-Value | (0.59) | |
| Mean Square Error | 112.88 | |
| R-Squared | 0.34 | |
| Significance | 0.02 | |
| Slope | (1.66) | |
| Total Sum of Squares | 2,235 |
KNOT Net Debt To E B I T D A History
About KNOT Offshore Financial Statements
KNOT Offshore shareholders use historical fundamental indicators, such as Net Debt To E B I T D A, to determine how well the company is positioned to perform in the future. Although KNOT Offshore investors may analyze each financial statement separately, they are all interrelated. The changes in KNOT Offshore's assets and liabilities, for example, are also reflected in the revenues and expenses on on KNOT Offshore's income statement. Understanding these patterns can help investors time the market effectively. Please read more on our fundamental analysis page.
| Last Reported | Projected for Next Year | ||
| Net Debt To EBITDA | 6.19 | 9.20 |
Pair Trading with KNOT Offshore
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 KNOT Offshore 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 KNOT Offshore will appreciate offsetting losses from the drop in the long position's value.Moving together with KNOT Stock
Moving against KNOT Stock
| 0.91 | HTCO | Caravelle International Symbol Change | PairCorr |
| 0.79 | SB-PC | Safe Bulkers | PairCorr |
| 0.78 | SB-PD | Safe Bulkers | PairCorr |
| 0.6 | ZIM | ZIM Integrated Shipping | PairCorr |
| 0.5 | CMRE-PB | Costamare | PairCorr |
The ability to find closely correlated positions to KNOT Offshore could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace KNOT Offshore 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 KNOT Offshore - 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 KNOT Offshore Partners to buy it.
The correlation of KNOT Offshore 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 KNOT Offshore moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if KNOT Offshore Partners 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 KNOT Offshore 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.Additional Tools for KNOT Stock Analysis
When running KNOT Offshore's price analysis, check to measure KNOT Offshore'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 KNOT Offshore is operating at the current time. Most of KNOT Offshore's value examination focuses on studying past and present price action to predict the probability of KNOT Offshore's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move KNOT Offshore's price. Additionally, you may evaluate how the addition of KNOT Offshore to your portfolios can decrease your overall portfolio volatility.