North Historical Balance Sheet

NOA Stock  CAD 28.58  0.58  2.07%   
Trend analysis of North American Construction balance sheet accounts such as Common Stock Shares Outstanding of 34.6 M provides information on North American's total assets, liabilities, and equity, which is the actual value of North American Const to its prevalent stockholders. By breaking down trends over time using North American 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.
 
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Financial Statement Analysis is much more than just reviewing and examining North American Const 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 North American Const is a good buy for the upcoming year.

North American Inventory

68.21 Million

  
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in North American Construction. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

About North Balance Sheet Analysis

Balance Sheet is a snapshot of the financial position of North American Const at a specified time, usually calculated after every quarter, six months, or one year. North American Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of North American 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 North currently owns. An asset can also be divided into two categories, current and non-current.

North American Balance Sheet Chart

At this time, North American's Total Current Liabilities is very stable compared to the past year. As of the 1st of December 2024, Property Plant And Equipment Net is likely to grow to about 1.2 B, while Other Assets are likely to drop about 2.7 M.

Total Assets

Total assets refers to the total amount of North American 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 North American Const 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 Stockholder Equity

The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.

Total Current Liabilities

Total Current Liabilities is an item on North American balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of North American Construction 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.

Current Deferred Revenue

Revenue that has been collected but not yet earned, typically from prepaid service contracts or subscriptions. This amount is considered a liability until the service is provided or the subscription period ends.
Most accounts from North American's balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts one by one will only give a small insight into North American Const 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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in North American Construction. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
At this time, North American's Total Current Liabilities is very stable compared to the past year. As of the 1st of December 2024, Property Plant And Equipment Net is likely to grow to about 1.2 B, while Other Assets are likely to drop about 2.7 M.
 2021 2022 2023 2024 (projected)
Total Stockholder Equity278.5M305.9M356.7M374.5M
Total Assets869.3M979.5M1.5B1.6B

North American balance sheet Correlations

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0.88-0.790.39-0.440.810.710.220.670.88-0.470.670.740.370.730.830.20.73-0.07-0.610.470.730.9-0.150.910.17
-0.66-0.79-0.370.01-0.59-0.41-0.1-0.48-0.610.46-0.4-0.3-0.31-0.34-0.5-0.07-0.340.010.89-0.57-0.4-0.610.07-0.62-0.13
0.390.39-0.37-0.540.370.150.50.480.180.10.18-0.110.51-0.070.12-0.35-0.070.58-0.510.860.160.240.390.190.59
-0.51-0.440.01-0.54-0.51-0.45-0.64-0.63-0.39-0.26-0.42-0.5-0.56-0.52-0.450.12-0.52-0.47-0.15-0.4-0.51-0.55-0.17-0.49-0.62
0.990.81-0.590.37-0.510.950.450.950.94-0.110.940.680.670.70.93-0.010.70.3-0.340.380.950.90.050.920.49
0.930.71-0.410.15-0.450.950.40.850.94-0.110.990.780.560.760.960.040.760.14-0.110.090.990.88-0.010.910.38
0.410.22-0.10.5-0.640.450.40.590.230.220.430.170.620.150.25-0.660.150.580.070.390.40.380.680.310.92
0.920.67-0.480.48-0.630.950.850.590.80.130.860.540.810.580.81-0.110.580.55-0.240.460.870.810.140.80.67
0.960.88-0.610.18-0.390.940.940.230.8-0.320.920.830.460.810.990.190.81-0.01-0.340.20.950.95-0.160.980.21
-0.19-0.470.460.1-0.26-0.11-0.110.220.13-0.32-0.08-0.320.48-0.27-0.230.01-0.270.760.48-0.03-0.1-0.26-0.03-0.310.41
0.920.67-0.40.18-0.420.940.990.430.860.92-0.080.720.590.680.940.00.680.19-0.120.10.980.860.030.880.41
0.720.74-0.3-0.11-0.50.680.780.170.540.83-0.320.720.230.90.880.350.9-0.250.03-0.150.80.88-0.320.880.01
0.630.37-0.310.51-0.560.670.560.620.810.460.480.590.230.230.49-0.030.230.82-0.160.440.570.530.040.480.79
0.730.73-0.34-0.07-0.520.70.760.150.580.81-0.270.680.90.230.840.261.0-0.18-0.020.00.790.81-0.240.840.09
0.940.83-0.50.12-0.450.930.960.250.810.99-0.230.940.880.490.840.220.840.02-0.20.110.970.95-0.190.970.23
0.040.2-0.07-0.350.12-0.010.04-0.66-0.110.190.010.00.35-0.030.260.220.26-0.25-0.05-0.320.050.19-0.990.19-0.58
0.730.73-0.34-0.07-0.520.70.760.150.580.81-0.270.680.90.231.00.840.26-0.18-0.020.00.790.81-0.240.840.09
0.23-0.070.010.58-0.470.30.140.580.55-0.010.760.19-0.250.82-0.180.02-0.25-0.180.010.490.160.060.260.00.8
-0.41-0.610.89-0.51-0.15-0.34-0.110.07-0.24-0.340.48-0.120.03-0.16-0.02-0.2-0.05-0.020.01-0.7-0.09-0.290.03-0.31-0.03
0.410.47-0.570.86-0.40.380.090.390.460.2-0.030.1-0.150.440.00.11-0.320.00.49-0.70.120.220.350.210.55
0.940.73-0.40.16-0.510.950.990.40.870.95-0.10.980.80.570.790.970.050.790.16-0.090.120.9-0.020.920.39
0.930.9-0.610.24-0.550.90.880.380.810.95-0.260.860.880.530.810.950.190.810.06-0.290.220.9-0.150.990.3
0.0-0.150.070.39-0.170.05-0.010.680.14-0.16-0.030.03-0.320.04-0.24-0.19-0.99-0.240.260.030.35-0.02-0.15-0.160.6
0.950.91-0.620.19-0.490.920.910.310.80.98-0.310.880.880.480.840.970.190.840.0-0.310.210.920.99-0.160.25
0.440.17-0.130.59-0.620.490.380.920.670.210.410.410.010.790.090.23-0.580.090.8-0.030.550.390.30.60.25
Click cells to compare fundamentals

North American Account Relationship Matchups

North American balance sheet Accounts

201920202021202220232024 (projected)
Total Assets792.7M838.9M869.3M979.5M1.5B1.6B
Total Stockholder Equity180.1M248.4M278.5M305.9M356.7M374.5M
Other Assets22.4M23.0M6M3.2M2.9M2.7M
Common Stock Shares Outstanding32.8M32.3M33.9M34.0M33.0M34.6M
Liabilities And Stockholders Equity792.7M838.9M869.3M979.5M1.5B1.6B
Other Stockholder Equity34.0M28.5M19.7M5.7M4.6M4.3M
Total Liab612.5M590.5M590.8M673.6M1.2B1.2B
Short Long Term Debt Total432.1M446.2M395.2M435.4M717.1M752.9M
Other Current Liab17.2M19.3M44.8M58.2M56.8M31.7M
Total Current Liabilities157.3M109.2M161.0M192.3M324.0M340.2M
Property Plant And Equipment Net609.6M651.9M655.7M660.5M1.2B1.2B
Current Deferred Revenue23K1.5M3.3M1.4M59K56.1K
Net Debt426.6M402.3M378.6M366.2M628.4M659.9M
Retained Earnings(79.9M)(35.2M)11.9M70.5M123.0M129.2M
Accounts Payable88.2M41.4M76.3M102.5M146.2M79.9M
Cash5.5M43.9M16.6M69.1M88.6M93.0M
Non Current Assets Total675.3M719.0M722.1M749.2M1.3B1.3B
Non Currrent Assets Other7.1M6.2M6M5.3M6.6M6.9M
Cash And Short Term Investments5.5M43.9M16.6M69.1M88.6M93.0M
Net Receivables85.9M39.1M78.5M99.6M132.9M98.0M
Common Stock Total Equity231.0M221.8M226.0M255.1M293.3M276.3M
Non Current Liabilities Total455.2M481.3M429.8M481.3M865.8M909.1M
Inventory21.6M19.2M44.5M49.9M65.0M68.2M
Other Current Assets4.7M17.6M7.5M11.7M8.7M16.6M
Property Plant And Equipment Gross609.6M651.9M995.2M1.0B1.6B1.7B
Total Current Assets117.4M120.0M147.2M230.4M295.2M152.0M
Short Term Debt53.9M47.2M48.0M44.6M94.4M99.2M
Common Stock226.0M255.1M246.9M229.5M263.9M273.2M
Other Liab77.0M83.0M82.6M90.5M104.0M74.0M
Net Tangible Assets180.1M248.4M274.1M298.6M343.4M219.1M
Long Term Debt313.4M341.5M306.0M358.1M611.3M641.9M
Short Long Term Debt18.5M16.3M19.7M20.6M92.7M97.3M
Property Plant Equipment609.6M651.9M655.7M660.5M759.6M488.2M
Long Term Debt Total360.5M384.1M335.7M378.5M435.2M280.0M
Capital Surpluse49.9M46.5M37.5M22.1M19.9M33.9M
Treasury Stock(11.7M)(15.9M)(18.0M)(17.8M)(16.0M)(16.8M)

Pair Trading with North American

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 North American 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 North American will appreciate offsetting losses from the drop in the long position's value.
The ability to find closely correlated positions to North American could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace North American 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 North American - 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 North American Construction to buy it.
The correlation of North American 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 North American moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if North American Const 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 North American 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 North American Const offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of North American's 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 North American Construction Stock. Outlined below are crucial reports that will aid in making a well-informed decision on North American Construction Stock:
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in North American Construction. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
You can also try the Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.
Please note, there is a significant difference between North American's value and its price as these two are different measures arrived at by different means. Investors typically determine if North American is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, North American's 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.