Casella Non Currrent Assets Other vs Total Assets Analysis

CWST Stock

USD 95.36 1.11 1.15%

Casella Waste financial indicator trend analysis is way more than just evaluating Casella Waste Systems prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Casella Waste Systems is a good investment. Please check the relationship between Casella Waste Non Currrent Assets Other and its Total Assets accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Casella Waste Systems. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

Non Currrent Assets Other vs Total Assets

Non Currrent Assets Other vs Total Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Casella Waste Systems Non Currrent Assets Other account and Total Assets. At this time, the significance of the direction appears to have weak relationship.

The correlation between Casella Waste's Non Currrent Assets Other and Total Assets is 0.3. Overlapping area represents the amount of variation of Non Currrent Assets Other that can explain the historical movement of Total Assets in the same time period over historical financial statements of Casella Waste Systems, assuming nothing else is changed. The correlation between historical values of Casella Waste's Non Currrent Assets Other and Total Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Non Currrent Assets Other of Casella Waste Systems are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Non Currrent Assets Other i.e., Casella Waste's Non Currrent Assets Other and Total Assets go up and down completely randomly.

Correlation Coefficient

0.3

Relationship Direction	Positive
Relationship Strength	Very Weak

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Non Currrent Assets Other

Assets that are not physical or tangible, expected to provide value for more than one year, and not easily converted into cash, such as long-term investments or patents.

Total Assets

Total assets refers to the total amount of Casella Waste 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 Casella Waste Systems 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.

Most indicators from Casella Waste's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Casella Waste Systems 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Casella Waste Systems. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

At this time, Casella Waste's Selling General Administrative is comparatively stable compared to the past year. Discontinued Operations is likely to gain to about 342.9 K in 2024, whereas Issuance Of Capital Stock is likely to drop slightly above 272.9 M in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	306.8M	362.0M	261.8M	186.2M
Total Revenue	889.2M	1.1B	1.3B	1.3B

Gross Profit Total Revenue

Casella Waste fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Intangible Assets	Other Liab	Other Assets	Long Term Debt
Total Assets		0.96	0.89	0.99	0.97	0.98	0.61	0.4	0.96	0.92	1.0	0.3	0.92	0.98	0.48	0.96	0.55	0.96	0.97	0.98	0.98	0.91	0.95	0.92	-0.18	0.77
Short Long Term Debt Total	0.96		0.85	0.97	0.87	0.95	0.72	0.14	0.98	0.85	0.96	0.38	0.85	0.97	0.57	1.0	0.53	0.92	1.0	0.95	0.93	0.8	0.85	0.89	-0.41	0.72
Other Current Liab	0.89	0.85		0.9	0.86	0.92	0.63	0.25	0.86	0.78	0.89	0.4	0.78	0.9	0.7	0.87	0.75	0.88	0.88	0.79	0.86	0.8	0.81	0.96	-0.21	0.76
Total Current Liabilities	0.99	0.97	0.9		0.95	0.98	0.64	0.35	0.98	0.89	1.0	0.32	0.89	0.99	0.51	0.97	0.59	0.96	0.98	0.97	0.96	0.89	0.94	0.93	-0.24	0.76
Total Stockholder Equity	0.97	0.87	0.86	0.95		0.94	0.46	0.59	0.88	0.94	0.97	0.22	0.94	0.92	0.35	0.87	0.51	0.93	0.89	0.95	0.97	0.94	0.98	0.87	0.03	0.76
Property Plant And Equipment Net	0.98	0.95	0.92	0.98	0.94		0.67	0.31	0.96	0.86	0.98	0.4	0.86	0.97	0.59	0.96	0.67	0.95	0.97	0.93	0.93	0.86	0.89	0.94	-0.28	0.7
Net Debt	0.61	0.72	0.63	0.64	0.46	0.67		-0.25	0.71	0.4	0.62	0.54	0.4	0.67	0.85	0.73	0.72	0.59	0.72	0.56	0.52	0.56	0.43	0.64	-0.69	0.39
Retained Earnings	0.4	0.14	0.25	0.35	0.59	0.31	-0.25		0.2	0.51	0.38	-0.13	0.51	0.26	-0.36	0.12	0.07	0.34	0.17	0.42	0.43	0.55	0.59	0.22	0.69	0.33
Accounts Payable	0.96	0.98	0.86	0.98	0.88	0.96	0.71	0.2		0.81	0.97	0.38	0.81	0.98	0.54	0.98	0.56	0.92	0.99	0.95	0.91	0.81	0.88	0.89	-0.41	0.71
Cash	0.92	0.85	0.78	0.89	0.94	0.86	0.4	0.51	0.81		0.91	0.16	1.0	0.86	0.32	0.84	0.37	0.89	0.85	0.91	0.98	0.89	0.91	0.82	0.12	0.74
Non Current Assets Total	1.0	0.96	0.89	1.0	0.97	0.98	0.62	0.38	0.97	0.91		0.32	0.91	0.98	0.49	0.96	0.57	0.96	0.97	0.98	0.97	0.9	0.95	0.92	-0.2	0.76
Non Currrent Assets Other	0.3	0.38	0.4	0.32	0.22	0.4	0.54	-0.13	0.38	0.16	0.32		0.16	0.29	0.46	0.39	0.51	0.22	0.37	0.24	0.23	0.11	0.12	0.27	-0.5	0.01
Cash And Short Term Investments	0.92	0.85	0.78	0.89	0.94	0.86	0.4	0.51	0.81	1.0	0.91	0.16		0.86	0.32	0.84	0.37	0.89	0.85	0.91	0.98	0.89	0.91	0.82	0.12	0.74
Net Receivables	0.98	0.97	0.9	0.99	0.92	0.97	0.67	0.26	0.98	0.86	0.98	0.29	0.86		0.55	0.98	0.59	0.95	0.99	0.96	0.95	0.87	0.91	0.94	-0.3	0.8
Common Stock Shares Outstanding	0.48	0.57	0.7	0.51	0.35	0.59	0.85	-0.36	0.54	0.32	0.49	0.46	0.32	0.55		0.6	0.81	0.51	0.59	0.34	0.42	0.44	0.27	0.68	-0.55	0.39
Non Current Liabilities Total	0.96	1.0	0.87	0.97	0.87	0.96	0.73	0.12	0.98	0.84	0.96	0.39	0.84	0.98	0.6		0.56	0.93	1.0	0.94	0.92	0.8	0.84	0.91	-0.42	0.72
Other Current Assets	0.55	0.53	0.75	0.59	0.51	0.67	0.72	0.07	0.56	0.37	0.57	0.51	0.37	0.59	0.81	0.56		0.55	0.57	0.41	0.48	0.54	0.41	0.72	-0.36	0.39
Other Stockholder Equity	0.96	0.92	0.88	0.96	0.93	0.95	0.59	0.34	0.92	0.89	0.96	0.22	0.89	0.95	0.51	0.93	0.55		0.94	0.93	0.95	0.89	0.91	0.93	-0.18	0.71
Total Liab	0.97	1.0	0.88	0.98	0.89	0.97	0.72	0.17	0.99	0.85	0.97	0.37	0.85	0.99	0.59	1.0	0.57	0.94		0.95	0.94	0.82	0.87	0.92	-0.38	0.73
Property Plant And Equipment Gross	0.98	0.95	0.79	0.97	0.95	0.93	0.56	0.42	0.95	0.91	0.98	0.24	0.91	0.96	0.34	0.94	0.41	0.93	0.95		0.96	0.88	0.96	0.83	-0.17	0.77
Total Current Assets	0.98	0.93	0.86	0.96	0.97	0.93	0.52	0.43	0.91	0.98	0.97	0.23	0.98	0.95	0.42	0.92	0.48	0.95	0.94	0.96		0.91	0.94	0.9	-0.05	0.79
Short Term Debt	0.91	0.8	0.8	0.89	0.94	0.86	0.56	0.55	0.81	0.89	0.9	0.11	0.89	0.87	0.44	0.8	0.54	0.89	0.82	0.88	0.91		0.93	0.84	0.08	0.76
Intangible Assets	0.95	0.85	0.81	0.94	0.98	0.89	0.43	0.59	0.88	0.91	0.95	0.12	0.91	0.91	0.27	0.84	0.41	0.91	0.87	0.96	0.94	0.93		0.83	0.05	0.81
Other Liab	0.92	0.89	0.96	0.93	0.87	0.94	0.64	0.22	0.89	0.82	0.92	0.27	0.82	0.94	0.68	0.91	0.72	0.93	0.92	0.83	0.9	0.84	0.83		-0.24	0.74
Other Assets	-0.18	-0.41	-0.21	-0.24	0.03	-0.28	-0.69	0.69	-0.41	0.12	-0.2	-0.5	0.12	-0.3	-0.55	-0.42	-0.36	-0.18	-0.38	-0.17	-0.05	0.08	0.05	-0.24		0.02
Long Term Debt	0.77	0.72	0.76	0.76	0.76	0.7	0.39	0.33	0.71	0.74	0.76	0.01	0.74	0.8	0.39	0.72	0.39	0.71	0.73	0.77	0.79	0.76	0.81	0.74	0.02

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Casella Waste Account Relationship Matchups

Casella Waste fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	932.2M	1.2B	1.3B	1.4B	2.5B	2.7B
Short Long Term Debt Total	593.4M	609.2M	616.1M	658.3M	1.1B	1.2B
Other Current Liab	50.2M	61.5M	68.5M	83.7M	85.8M	90.1M
Total Current Liabilities	130.6M	131.2M	152.2M	177.6M	278.9M	292.8M
Total Stockholder Equity	122.8M	362.1M	422.5M	497.9M	1.0B	1.1B
Property Plant And Equipment Net	551.9M	605.8M	738.4M	812.6M	1.1B	1.1B
Net Debt	589.9M	454.8M	582.3M	587.2M	897.6M	482.5M
Retained Earnings	(357.0M)	(266.1M)	(225.0M)	(171.9M)	(146.5M)	(153.8M)
Accounts Payable	64.4M	49.2M	63.1M	74.2M	116.8M	122.6M
Cash	3.5M	154.3M	33.8M	71.2M	220.9M	232.0M
Non Current Assets Total	829.4M	946.6M	1.1B	1.2B	2.1B	2.2B
Non Currrent Assets Other	13.1M	15.2M	16.9M	29.0M	21.8M	16.9M
Cash And Short Term Investments	3.5M	154.3M	33.8M	71.2M	220.9M	232.0M
Net Receivables	80.2M	74.2M	87.0M	100.9M	160.4M	168.4M
Common Stock Shares Outstanding	48.0M	49.0M	51.5M	51.8M	55.3M	34.7M
Liabilities And Stockholders Equity	932.2M	1.2B	1.3B	1.4B	2.5B	2.7B
Non Current Liabilities Total	678.8M	700.5M	708.9M	773.7M	1.2B	1.3B
Other Current Assets	19.1M	18.7M	25.7M	35.4M	27.1M	15.6M
Other Stockholder Equity	485.3M	639.2M	652.0M	661.8M	1.2B	1.2B
Total Liab	809.4M	831.8M	861.1M	951.3M	1.5B	1.6B
Property Plant And Equipment Gross	551.9M	605.8M	738.4M	812.6M	2.2B	2.4B
Total Current Assets	102.8M	247.3M	146.5M	207.5M	426.3M	447.6M
Accumulated Other Comprehensive Income	(6.0M)	(11.5M)	(5.1M)	7.5M	(1.1M)	(1.1M)
Short Term Debt	13.7M	17.8M	17.2M	16.0M	44.8M	28.0M
Intangible Assets	58.7M	58.3M	93.7M	91.8M	241.4M	253.5M
Other Liab	95.5M	109.2M	110.1M	131.4M	151.1M	158.6M
Other Assets	21.7M	182.9M	60.9M	44.5M	40.0M	49.9M
Long Term Debt	509.0M	530.4M	542.5M	585.0M	1.0B	1.1B
Common Stock Total Equity	478K	511K	514K	517K	594.6K	373.1K
Inventory	7.7M	7.9M	9.7M	13.5M	17.9M	18.8M
Common Stock	478K	511K	514K	517K	580K	383.5K
Property Plant Equipment	551.9M	605.8M	738.4M	812.6M	934.5M	497.6M
Current Deferred Revenue	2.3M	2.7M	3.4M	3.7M	31.5M	33.0M
Good Will	185.8M	194.9M	232.9M	274.5M	735.7M	772.5M
Net Tangible Assets	(51.1M)	169.9M	95.9M	189.0M	217.4M	228.2M
Retained Earnings Total Equity	(357.0M)	(266.1M)	(225.0M)	(171.9M)	(197.7M)	(207.6M)

Pair Trading with Casella Waste

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 Casella Waste 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 Casella Waste will appreciate offsetting losses from the drop in the long position's value.

Moving against Casella Stock

0.61	VCIG	VCI Global Limited	Pair Corr
0.51	LZ	LegalZoom	Pair Corr
0.42	FC	Franklin Covey Financial Report 26th of June 2024	Pair Corr

The ability to find closely correlated positions to Casella Waste could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Casella Waste 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 Casella Waste - 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 Casella Waste Systems to buy it.

The correlation of Casella Waste 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 Casella Waste moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Casella Waste Systems 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 Casella Waste 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 Correlation Correlation Matching

Additional Tools for Casella Stock Analysis

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

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