Advanced Interest Coverage Trend from 2010 to 2023

WMS Stock  USD 92.79  6.35  7.35%   
Advanced Drainage Interest Coverage yearly trend continues to be relatively stable with very little volatility. Interest Coverage is likely to grow to 12.02 this year. During the period from 2010 to 2023, Advanced Drainage Interest Coverage destribution of quarterly values had range of  10.07 from its regression line and mean deviation of  3.22. Advanced Drainage Direct Expenses is relatively stable at the moment as compared to the past year. Advanced Drainage reported last year Direct Expenses of 1.77 Billion. As of 02/04/2023, Interest Expense is likely to grow to about 22.4 M, while Cost of Revenue is likely to drop slightly above 855.4 M.
  
Check Advanced Drainage financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Advanced main balance sheet or income statement drivers, such as Direct Expenses of 1.9 B, Consolidated Income of 30.4 M or Cost of Revenue of 855.4 M, as well as many exotic indicators such as Interest Coverage of 12.02, Long Term Debt to Equity of 1.16 or Calculated Tax Rate of 37.75. Advanced financial statements analysis is a perfect complement when working with Advanced Drainage Valuation or Volatility modules. It can also supplement Advanced Drainage's financial leverage analysis and stock options assessment as well as various Advanced Drainage Technical models . Check out the analysis of Advanced Drainage Correlation against competitors.

Advanced Interest Coverage Breakdown

Showing smoothed Interest Coverage of Advanced Drainage Systems with missing and latest data points interpolated. Advanced Drainage's Interest Coverage historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Advanced Drainage's overall financial position and show how it may be relating to other accounts over time.
Interest Coverage10 Years Trend
Up
Slightly volatile
   Interest Coverage   
       Timeline  

Advanced Interest Coverage Regression Statistics

Arithmetic Mean6.64
Geometric Mean5.62
Coefficient Of Variation56.32
Mean Deviation3.22
Median6.77
Standard Deviation3.74
Sample Variance13.97
Range10.07
R-Value0.96
Mean Square Error1.08
R-Squared0.93
Significance0.00000003
Slope0.86
Total Sum of Squares181.59

Advanced Interest Coverage History

2012 3.78
2013 2.97
2014 3.03
2015 4.63
2016 4.86
2017 6.77
2018 7.15
2019 9.78
2021 12.38
2022 11.14
2023 12.02

About Advanced Drainage Financial Statements

There are typically three primary documents that fall into the category of financial statements. These documents include Advanced Drainage income statement, its balance sheet, and the statement of cash flows. Advanced Drainage investors use historical funamental indicators, such as Advanced Drainage's Interest Coverage, to determine how well the company is positioned to perform in the future. Although Advanced Drainage investors may use each financial statement separately, they are all related. The changes in Advanced Drainage's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Advanced Drainage's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Advanced Drainage Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Advanced Drainage. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for 2023
Interest Coverage 11.14  12.02 
Earnings Before Interest Taxes and Depreciation Amortization EBITDA499.1 M538.5 M

Advanced Drainage Investors Sentiment

The influence of Advanced Drainage's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Advanced. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock markets does not have a solid backing from leading economists and market statisticians.
Investor biases related to Advanced Drainage's public news can be used to forecast risks associated with investment in Advanced. The trend in average sentiment can be used to explain how an investor holding Advanced can time the market purely based on public headlines and social activities around Advanced Drainage Systems. Please note that most equiteis that are difficult to arbitrage are affected by market sentiment the most.
Advanced Drainage's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Advanced Drainage's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Advanced Drainage's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Advanced Drainage.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Advanced Drainage in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Advanced Drainage's short interest history, or implied volatility extrapolated from Advanced Drainage options trading.

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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
Check out the analysis of Advanced Drainage Correlation against competitors. You can also try Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.

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Is Advanced Drainage's industry 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 Advanced Drainage. If investors know Advanced 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 Advanced Drainage 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
1.045
Market Capitalization
7.6 B
Quarterly Revenue Growth
0.252
Return On Assets
0.1538
Return On Equity
0.4648
The market value of Advanced Drainage Systems is measured differently than its book value, which is the value of Advanced that is recorded on the company's balance sheet. Investors also form their own opinion of Advanced Drainage's value that differs from its market value or its book value, called intrinsic value, which is Advanced Drainage's 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 Advanced Drainage's market value can be influenced by many factors that don't directly affect Advanced Drainage's 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 Advanced Drainage's value and its price as these two are different measures arrived at by different means. Investors typically determine Advanced Drainage value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Advanced Drainage'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.