Casella Property Plant And Equipment Gross vs Total Stockholder Equity 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 Property Plant And Equipment Gross and its Total Stockholder Equity 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.

Property Plant And Equipment Gross vs Total Stockholder Equity

Property Plant And Equipment Gross vs Total Stockholder Equity Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Casella Waste Systems Property Plant And Equipment Gross account and Total Stockholder Equity. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Casella Waste's Property Plant And Equipment Gross and Total Stockholder Equity is 0.95. Overlapping area represents the amount of variation of Property Plant And Equipment Gross that can explain the historical movement of Total Stockholder Equity 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 Property Plant And Equipment Gross and Total Stockholder Equity is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Property Plant And Equipment Gross of Casella Waste Systems are associated (or correlated) with its Total Stockholder Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Stockholder Equity has no effect on the direction of Property Plant And Equipment Gross i.e., Casella Waste's Property Plant And Equipment Gross and Total Stockholder Equity go up and down completely randomly.

Correlation Coefficient

0.95

Relationship Direction	Positive
Relationship Strength	Very Strong

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Property Plant And Equipment Gross

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.

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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