Knight Short Term Debt vs Cash And Equivalents Analysis

KNX Stock

USD 50.49 0.56 1.12%

Knight Transportation financial indicator trend analysis is infinitely more than just investigating Knight Transportation recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Knight Transportation is a good investment. Please check the relationship between Knight Transportation Short Term Debt and its Cash And Equivalents accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Knight Transportation. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.

For more information on how to buy Knight Stock please use our How to Invest in Knight Transportation guide.

Short Term Debt vs Cash And Equivalents

Short Term Debt vs Cash And Equivalents Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Knight Transportation Short Term Debt account and Cash And Equivalents. At this time, the significance of the direction appears to have strong relationship.

The correlation between Knight Transportation's Short Term Debt and Cash And Equivalents is 0.66. Overlapping area represents the amount of variation of Short Term Debt that can explain the historical movement of Cash And Equivalents in the same time period over historical financial statements of Knight Transportation, assuming nothing else is changed. The correlation between historical values of Knight Transportation's Short Term Debt and Cash And Equivalents is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Short Term Debt of Knight Transportation are associated (or correlated) with its Cash And Equivalents. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Equivalents has no effect on the direction of Short Term Debt i.e., Knight Transportation's Short Term Debt and Cash And Equivalents go up and down completely randomly.

Correlation Coefficient

0.66

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Short Term Debt

Cash And Equivalents

Most indicators from Knight Transportation's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Knight Transportation 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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Knight Transportation. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.

For more information on how to buy Knight Stock please use our How to Invest in Knight Transportation guide.At this time, Knight Transportation's Selling General Administrative is fairly stable compared to the past year. Tax Provision is likely to rise to about 92.1 M in 2024, whereas Sales General And Administrative To Revenue is likely to drop 0.09 in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	1.4B	1.8B	774.6M	452.3M
Total Revenue	6.0B	7.4B	7.1B	7.5B

Gross Profit Total Revenue

Knight Transportation 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 Total Equity	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Common Stock	Current Deferred Revenue
Total Assets		0.96	0.96	0.95	0.99	0.99	0.96	0.96	0.93	0.9	1.0	-0.2	0.9	0.99	0.93	0.46	0.98	0.95	0.67	0.94	0.98	0.96	0.99	0.73	0.74	0.96
Short Long Term Debt Total	0.96		0.97	0.95	0.91	0.97	1.0	0.98	0.98	0.95	0.95	-0.29	0.95	0.96	0.81	0.37	0.99	0.96	0.77	0.81	0.99	0.99	0.98	0.8	0.57	0.85
Other Current Liab	0.96	0.97		0.96	0.91	0.97	0.97	0.94	0.98	0.94	0.95	-0.27	0.94	0.95	0.86	0.35	0.98	0.97	0.81	0.85	0.98	0.97	0.97	0.82	0.6	0.88
Total Current Liabilities	0.95	0.95	0.96		0.91	0.98	0.94	0.94	0.97	0.98	0.95	-0.33	0.98	0.92	0.84	0.37	0.96	0.95	0.84	0.82	0.98	0.97	0.95	0.89	0.56	0.87
Total Stockholder Equity	0.99	0.91	0.91	0.91		0.96	0.91	0.93	0.87	0.83	0.99	-0.13	0.83	0.98	0.95	0.5	0.94	0.91	0.57	0.97	0.94	0.91	0.96	0.65	0.81	0.98
Property Plant And Equipment Net	0.99	0.97	0.97	0.98	0.96		0.96	0.98	0.96	0.94	0.99	-0.3	0.94	0.98	0.9	0.38	0.99	0.97	0.75	0.89	0.99	0.98	0.99	0.79	0.67	0.92
Net Debt	0.96	1.0	0.97	0.94	0.91	0.96		0.97	0.98	0.93	0.95	-0.27	0.93	0.97	0.82	0.38	0.99	0.96	0.74	0.82	0.98	0.98	0.98	0.77	0.59	0.86
Retained Earnings	0.96	0.98	0.94	0.94	0.93	0.98	0.97		0.96	0.93	0.96	-0.35	0.93	0.97	0.85	0.36	0.98	0.96	0.72	0.83	0.98	0.99	0.98	0.76	0.63	0.86
Accounts Payable	0.93	0.98	0.98	0.97	0.87	0.96	0.98	0.96		0.98	0.93	-0.34	0.98	0.94	0.79	0.31	0.98	0.97	0.86	0.77	0.99	0.99	0.97	0.82	0.5	0.82
Cash	0.9	0.95	0.94	0.98	0.83	0.94	0.93	0.93	0.98		0.89	-0.4	1.0	0.88	0.74	0.3	0.94	0.93	0.9	0.71	0.96	0.96	0.92	0.9	0.43	0.78
Non Current Assets Total	1.0	0.95	0.95	0.95	0.99	0.99	0.95	0.96	0.93	0.89		-0.19	0.89	0.99	0.93	0.47	0.98	0.95	0.67	0.95	0.97	0.95	0.99	0.73	0.74	0.97
Non Currrent Assets Other	-0.2	-0.29	-0.27	-0.33	-0.13	-0.3	-0.27	-0.35	-0.34	-0.4	-0.19		-0.4	-0.21	-0.12	0.15	-0.27	-0.28	-0.47	0.01	-0.29	-0.35	-0.26	-0.47	0.07	-0.01
Cash And Short Term Investments	0.9	0.95	0.94	0.98	0.83	0.94	0.93	0.93	0.98	1.0	0.89	-0.4		0.88	0.74	0.3	0.94	0.93	0.9	0.71	0.96	0.96	0.92	0.9	0.43	0.78
Net Receivables	0.99	0.96	0.95	0.92	0.98	0.98	0.97	0.97	0.94	0.88	0.99	-0.21	0.88		0.92	0.41	0.98	0.95	0.65	0.92	0.97	0.96	0.99	0.69	0.74	0.93
Common Stock Total Equity	0.93	0.81	0.86	0.84	0.95	0.9	0.82	0.85	0.79	0.74	0.93	-0.12	0.74	0.92		0.27	0.86	0.84	0.54	0.95	0.86	0.82	0.89	0.62	0.88	0.92
Common Stock Shares Outstanding	0.46	0.37	0.35	0.37	0.5	0.38	0.38	0.36	0.31	0.3	0.47	0.15	0.3	0.41	0.27		0.38	0.35	0.06	0.54	0.38	0.34	0.39	0.16	0.35	0.58
Non Current Liabilities Total	0.98	0.99	0.98	0.96	0.94	0.99	0.99	0.98	0.98	0.94	0.98	-0.27	0.94	0.98	0.86	0.38		0.98	0.77	0.86	1.0	0.99	1.0	0.77	0.63	0.9
Inventory	0.95	0.96	0.97	0.95	0.91	0.97	0.96	0.96	0.97	0.93	0.95	-0.28	0.93	0.95	0.84	0.35	0.98		0.8	0.83	0.98	0.98	0.97	0.75	0.58	0.87
Other Current Assets	0.67	0.77	0.81	0.84	0.57	0.75	0.74	0.72	0.86	0.9	0.67	-0.47	0.9	0.65	0.54	0.06	0.77	0.8		0.46	0.8	0.8	0.72	0.86	0.15	0.53
Other Stockholder Equity	0.94	0.81	0.85	0.82	0.97	0.89	0.82	0.83	0.77	0.71	0.95	0.01	0.71	0.92	0.95	0.54	0.86	0.83	0.46		0.86	0.8	0.89	0.54	0.86	0.99
Total Liab	0.98	0.99	0.98	0.98	0.94	0.99	0.98	0.98	0.99	0.96	0.97	-0.29	0.96	0.97	0.86	0.38	1.0	0.98	0.8	0.86		0.99	0.99	0.81	0.61	0.9
Property Plant And Equipment Gross	0.96	0.99	0.97	0.97	0.91	0.98	0.98	0.99	0.99	0.96	0.95	-0.35	0.96	0.96	0.82	0.34	0.99	0.98	0.8	0.8	0.99		0.98	0.81	0.56	0.85
Total Current Assets	0.99	0.98	0.97	0.95	0.96	0.99	0.98	0.98	0.97	0.92	0.99	-0.26	0.92	0.99	0.89	0.39	1.0	0.97	0.72	0.89	0.99	0.98		0.75	0.68	0.92
Short Term Debt	0.73	0.8	0.82	0.89	0.65	0.79	0.77	0.76	0.82	0.9	0.73	-0.47	0.9	0.69	0.62	0.16	0.77	0.75	0.86	0.54	0.81	0.81	0.75		0.31	0.61
Common Stock	0.74	0.57	0.6	0.56	0.81	0.67	0.59	0.63	0.5	0.43	0.74	0.07	0.43	0.74	0.88	0.35	0.63	0.58	0.15	0.86	0.61	0.56	0.68	0.31		0.8
Current Deferred Revenue	0.96	0.85	0.88	0.87	0.98	0.92	0.86	0.86	0.82	0.78	0.97	-0.01	0.78	0.93	0.92	0.58	0.9	0.87	0.53	0.99	0.9	0.85	0.92	0.61	0.8

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Knight Transportation Account Relationship Matchups

Knight Transportation fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	8.3B	8.5B	10.7B	11.0B	12.9B	13.5B
Short Long Term Debt Total	1.1B	817.1M	2.2B	2.1B	2.7B	2.8B
Other Current Liab	436.1M	213.9M	552.2M	564.7M	865.4M	908.7M
Total Current Liabilities	993.0M	839.7M	1.1B	894.0M	1.8B	1.9B
Total Stockholder Equity	5.7B	5.9B	6.5B	6.9B	7.1B	7.4B
Property Plant And Equipment Net	3.0B	3.1B	3.7B	4.0B	5.1B	5.4B
Net Debt	935.3M	660.4M	2.0B	1.9B	2.2B	2.3B
Retained Earnings	1.4B	1.6B	2.2B	2.6B	2.7B	2.8B
Accounts Payable	99.2M	101.0M	224.8M	220.8M	355.2M	372.9M
Cash	159.7M	156.7M	261.0M	196.8M	465.8M	489.1M
Non Current Assets Total	7.4B	7.5B	9.2B	9.5B	11.2B	11.7B
Non Currrent Assets Other	(113.9M)	(130.7M)	(133.9M)	(162.5M)	(351.1M)	(333.5M)
Cash And Short Term Investments	159.7M	156.7M	261.0M	196.8M	466.4M	489.7M
Net Receivables	548.3M	595.9M	935.2M	917.1M	966.7M	1.0B
Common Stock Total Equity	1.7M	1.7M	1.7M	1.6M	1.8M	1.9M
Common Stock Shares Outstanding	172.1M	170.5M	167.1M	163.2M	161.8M	92.4M
Liabilities And Stockholders Equity	8.3B	8.5B	10.7B	11.0B	12.9B	13.5B
Non Current Liabilities Total	1.6B	1.8B	3.0B	3.1B	3.9B	4.1B
Inventory	154.2M	149.7M	191.8M	341.7M	392.9M	412.5M
Other Current Assets	27.8M	21.0M	26.3M	38.0M	276.0M	289.8M
Other Stockholder Equity	4.3B	4.3B	4.4B	4.4B	4.4B	4.6B
Total Liab	2.6B	2.6B	4.1B	4.0B	5.8B	6.1B
Property Plant And Equipment Gross	3.0B	3.1B	5.1B	5.7B	7.2B	7.6B
Total Current Assets	890.0M	923.4M	1.4B	1.5B	1.7B	1.8B
Accumulated Other Comprehensive Income	(693.1M)	0.0	(563K)	(2.4M)	(830K)	(871.5K)
Short Term Debt	457.8M	100.1M	297.7M	108.4M	604.7M	634.9M
Common Stock	1.7M	1.7M	1.7M	1.6M	1.6M	886.9K
Other Assets	42.2M	126.5M	192.1M	134.8M	155.0M	162.8M
Long Term Debt	279M	508.9M	1.3B	1.5B	1.8B	1.9B
Property Plant Equipment	2.9B	3.0B	3.7B	4.0B	4.6B	4.9B
Good Will	2.9B	2.9B	3.5B	3.5B	3.8B	4.0B
Intangible Assets	1.4B	1.4B	1.8B	1.8B	2.1B	2.2B
Short Term Investments	8.9M	9.0M	5.9M	7.2M	530K	503.5K
Other Liab	983.1M	1.0B	1.1B	1.1B	1.3B	1.4B
Net Tangible Assets	1.4B	1.6B	1.2B	1.6B	1.9B	2.0B
Noncontrolling Interest In Consolidated Entity	2.1M	2.2M	10.3M	10.3M	11.8M	12.4M
Retained Earnings Total Equity	1.4B	1.6B	2.2B	2.6B	2.9B	3.1B
Long Term Debt Total	279M	508.9M	1.8B	1.8B	1.6B	834.8M

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When determining whether Knight Transportation offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Knight Transportation'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 Knight Transportation Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Knight Transportation Stock:

How To Invest In Knight

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Is Knight Stock a good investment?

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What is Knight Transportation's Net Worth?

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

For more information on how to buy Knight Stock please use our How to Invest in Knight Transportation guide.

You can also try the Share Portfolio module to track or share privately all of your investments from the convenience of any device.

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

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Is Knight Transportation'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 Knight Transportation. If investors know Knight 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 Knight Transportation 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

(0.69)

Dividend Share

0.58

Earnings Share

0.68

Revenue Per Share

45.416

Quarterly Revenue Growth

0.113

The market value of Knight Transportation is measured differently than its book value, which is the value of Knight that is recorded on the company's balance sheet. Investors also form their own opinion of Knight Transportation's value that differs from its market value or its book value, called intrinsic value, which is Knight Transportation'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 Knight Transportation's market value can be influenced by many factors that don't directly affect Knight Transportation'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 Knight Transportation's value and its price as these two are different measures arrived at by different means. Investors typically determine if Knight Transportation is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Knight Transportation'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.

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Knight Short Term Debt vs Cash And Equivalents Analysis

Short Term Debt vs Cash And Equivalents

Short Term Debt vs Cash And Equivalents Correlation Analysis

Correlation Coefficient

Short Term Debt

Cash And Equivalents

Knight Transportation fundamental ratios Correlations

Knight Transportation Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Knight Transportation fundamental ratios Accounts

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COMPANY

Non Current Assets Total	+ 1.0	Total Assets
Net Debt	+ 1.0	Short Long Term Debt Total
Cash And Short Term Investments	+ 1.0	Cash
Total Liab	+ 1.0	Non Current Liabilities Total
Total Current Assets	+ 1.0	Non Current Liabilities Total
Total Stockholder Equity	+ 0.99	Total Assets

Short Term Debt	- 0.47	Non Currrent Assets Other
Other Current Assets	- 0.47	Non Currrent Assets Other
Cash And Short Term Investments	- 0.4	Non Currrent Assets Other
Non Currrent Assets Other	- 0.4	Cash
Property Plant And Equipment Gross	- 0.35	Non Currrent Assets Other
Non Currrent Assets Other	- 0.35	Retained Earnings