Waste Begin Period Cash Flow vs Other Non Cash Items Analysis

WCN Stock  USD 179.95  4.29  2.33%   
Waste Connections financial indicator trend analysis is more than just analyzing Waste Connections current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Waste Connections is a good investment. Please check the relationship between Waste Connections Begin Period Cash Flow and its Other Non Cash Items accounts. 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.

Begin Period Cash Flow vs Other Non Cash Items

Begin Period Cash Flow vs Other Non Cash Items Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Waste Connections Begin Period Cash Flow account and Other Non Cash Items. At this time, the significance of the direction appears to have very week relationship.
The correlation between Waste Connections' Begin Period Cash Flow and Other Non Cash Items is 0.21. Overlapping area represents the amount of variation of Begin Period Cash Flow that can explain the historical movement of Other Non Cash Items in the same time period over historical financial statements of Waste Connections, assuming nothing else is changed. The correlation between historical values of Waste Connections' Begin Period Cash Flow and Other Non Cash Items is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Begin Period Cash Flow of Waste Connections are associated (or correlated) with its Other Non Cash Items. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Non Cash Items has no effect on the direction of Begin Period Cash Flow i.e., Waste Connections' Begin Period Cash Flow and Other Non Cash Items go up and down completely randomly.

Correlation Coefficient

0.21
Relationship DirectionPositive 
Relationship StrengthVery Weak

Begin Period Cash Flow

The amount of cash a company has at the beginning of a financial reporting period. It serves as the starting point for calculating the period's cash flow from operations, investing, and financing activities.

Other Non Cash Items

Most indicators from Waste Connections' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators 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 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 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' Selling General Administrative is very stable compared to the past year. As of the 14th of December 2024, Issuance Of Capital Stock is likely to grow to about 1.2 M, while Tax Provision is likely to drop about 126.5 M.
 2021 2022 2023 2024 (projected)
Total Revenue6.2B7.2B8.0B8.4B
Depreciation And Amortization805.9M882.5M1.0B1.1B

Waste Connections fundamental ratios Correlations

0.980.880.970.981.00.970.950.960.461.00.00.461.00.780.990.87-0.410.990.940.990.70.860.970.420.98
0.980.910.990.930.991.00.980.980.330.99-0.110.330.990.721.00.8-0.311.00.870.990.760.750.940.331.0
0.880.910.940.810.890.920.940.90.170.890.140.170.880.50.910.65-0.220.910.720.870.830.590.860.010.91
0.970.990.940.920.970.990.990.980.290.98-0.060.290.980.660.990.78-0.330.990.850.970.810.730.940.260.99
0.980.930.810.920.970.910.890.90.580.980.090.580.980.820.950.92-0.50.940.970.960.610.930.970.50.94
1.00.990.890.970.970.980.960.960.41.0-0.020.41.00.780.990.84-0.340.990.910.990.690.820.970.370.98
0.971.00.920.990.910.980.980.980.250.97-0.130.250.970.680.990.76-0.271.00.830.980.770.710.930.270.99
0.950.980.940.990.890.960.980.960.270.96-0.040.270.960.670.970.75-0.230.980.820.950.810.670.90.240.97
0.960.980.90.980.90.960.980.960.250.96-0.140.250.970.640.970.77-0.360.980.820.960.760.730.920.230.98
0.460.330.170.290.580.40.250.270.250.430.311.00.420.60.350.77-0.540.340.740.380.090.720.470.790.34
1.00.990.890.980.981.00.970.960.960.43-0.010.431.00.770.990.86-0.40.990.930.990.710.840.970.40.99
0.0-0.110.14-0.060.09-0.02-0.13-0.04-0.140.31-0.010.31-0.020.07-0.080.12-0.04-0.080.11-0.08-0.020.150.05-0.19-0.11
0.460.330.170.290.580.40.250.270.251.00.430.310.420.60.350.77-0.540.340.740.380.090.720.470.790.34
1.00.990.880.980.981.00.970.960.970.421.0-0.020.420.770.990.86-0.40.990.920.990.710.830.970.40.99
0.780.720.50.660.820.780.680.670.640.60.770.070.60.770.740.84-0.190.730.840.780.320.760.720.620.71
0.991.00.910.990.950.990.990.970.970.350.99-0.080.350.990.740.81-0.321.00.890.990.740.780.950.351.0
0.870.80.650.780.920.840.760.750.770.770.860.120.770.860.840.81-0.530.810.970.850.480.910.850.630.81
-0.41-0.31-0.22-0.33-0.5-0.34-0.27-0.23-0.36-0.54-0.4-0.04-0.54-0.4-0.19-0.32-0.53-0.32-0.52-0.38-0.16-0.72-0.52-0.44-0.35
0.991.00.910.990.940.991.00.980.980.340.99-0.080.340.990.731.00.81-0.320.880.990.760.770.950.331.0
0.940.870.720.850.970.910.830.820.820.740.930.110.740.920.840.890.97-0.520.880.90.550.930.920.630.88
0.990.990.870.970.960.990.980.950.960.380.99-0.080.380.990.780.990.85-0.380.990.90.70.820.960.390.99
0.70.760.830.810.610.690.770.810.760.090.71-0.020.090.710.320.740.48-0.160.760.550.70.370.640.090.76
0.860.750.590.730.930.820.710.670.730.720.840.150.720.830.760.780.91-0.720.770.930.820.370.880.620.77
0.970.940.860.940.970.970.930.90.920.470.970.050.470.970.720.950.85-0.520.950.920.960.640.880.380.94
0.420.330.010.260.50.370.270.240.230.790.4-0.190.790.40.620.350.63-0.440.330.630.390.090.620.380.35
0.981.00.910.990.940.980.990.970.980.340.99-0.110.340.990.711.00.81-0.351.00.880.990.760.770.940.35
Click cells to compare fundamentals

Waste Connections Account Relationship Matchups

Waste Connections fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets13.7B14.0B14.7B17.1B17.9B18.8B
Short Long Term Debt Total4.5B4.9B5.2B7.1B7.0B7.4B
Other Current Liab323.4M458.9M513.3M495.8M952.8M1.0B
Total Current Liabilities1.0B1.0B1.2B1.5B1.7B1.8B
Total Stockholder Equity6.9B6.9B7.0B7.1B7.7B8.1B
Property Plant And Equipment Net5.7B5.5B5.9B7.1B7.5B7.9B
Net Debt4.2B4.3B5.1B7.0B6.9B7.3B
Retained Earnings2.7B2.7B3.1B3.6B4.1B4.3B
Accounts Payable437.0M290.8M392.9M638.7M642.5M674.6M
Cash326.7M617.3M147.4M78.6M78.4M105.8M
Non Current Assets Total12.6B12.6B13.7B16.0B16.8B17.6B
Non Currrent Assets Other233.6M246.9M246.4M(887.2M)269.1M282.5M
Cash And Short Term Investments326.7M617.3M147.4M78.6M78.4M105.8M
Net Receivables662.8M630.3M709.6M833.9M857.0M899.8M
Common Stock Shares Outstanding264.5M263.7M261.7M258.0M258.1M200.6M
Liabilities And Stockholders Equity13.7B14.0B14.7B17.1B17.9B18.8B
Non Current Liabilities Total5.8B6.1B6.5B8.5B8.5B9.0B
Other Current Assets141.1M178.3M131.5M144.2M142.8M150.0M
Other Stockholder Equity154.9M170.6M199.5M244.1M284.3M394.1M
Total Liab6.8B7.1B7.7B10.0B10.2B10.7B
Total Current Assets1.1B1.4B1.0B1.1B1.1B1.2B
Intangible Assets1.2B1.2B1.4B1.7B1.6B1.7B
Short Term Debt30.4M38.9M44.0M41.9M59.0M61.9M
Accumulated Other Comprehensive Income(11.0M)(651K)39.6M(56.8M)(9.8M)(9.3M)
Common Stock4.1B4.0B3.7B3.3B3.3B3.4B
Other Liab1.2B1.2B1.3B1.5B1.7B1.8B
Other Assets233.6M417.9M246.4M297.3M1.00.95
Long Term Debt4.4B4.7B5.0B6.9B6.7B7.1B
Good Will5.5B5.7B6.2B6.9B7.4B7.8B
Property Plant Equipment5.5B5.3B5.7B7.0B8.0B8.4B
Current Deferred Revenue216.4M233.6M273.7M325.0M18.1M17.2M
Common Stock Total Equity4.1B4.0B3.7B3.3B3.8B4.0B
Property Plant And Equipment Gross5.7B5.3B5.9B7.1B13.3B14.0B
Net Tangible Assets259.6M(22.5M)(549.3M)(1.5B)(1.3B)(1.3B)
Deferred Long Term Liab818.6M760.0M850.9M1.0B1.2B632.2M
Short Long Term Debt16.4M8.3M6.0M6.8M26.5M25.1M
Long Term Debt Total4.4B4.7B5.0B6.9B7.9B4.7B
Capital Surpluse154.9M170.6M199.5M244.1M280.7M155.0M

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

  0.84G Genpact LimitedPairCorr
  0.81BR Broadridge FinancialPairCorr

Moving against Waste Stock

  0.75FC Franklin CoveyPairCorr
  0.65BCO Brinks CompanyPairCorr
  0.6ESGL ESGL Holdings LimitedPairCorr
  0.57VCIG VCI Global Limited Buyout TrendPairCorr
  0.52MG Mistras GroupPairCorr
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.
Pair CorrelationCorrelation Matching
When determining whether Waste Connections offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Waste Connections' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Waste Connections Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Waste Connections Stock:
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 Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.
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
3.65
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.