Waste Total Assets vs Total Stockholder Equity Analysis

WCN Stock  USD 163.48  1.70  1.03%   
Waste Connections financial indicator trend analysis is more than just analyzing Waste Connections current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Waste Connections is a good investment. Please check the relationship between Waste Connections Total Assets and its Total Stockholder Equity accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Waste Connections. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators.
To learn how to invest in Waste Stock, please use our How to Invest in Waste Connections guide.

Total Assets vs Total Stockholder Equity

Total Assets vs Total Stockholder Equity Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Waste Connections Total Assets account and Total Stockholder Equity. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Waste Connections' Total Assets and Total Stockholder Equity is 0.98. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Total Stockholder Equity in the same time period over historical financial statements of Waste Connections, assuming nothing else is changed. The correlation between historical values of Waste Connections' Total Assets 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 Total Assets of Waste Connections 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 Total Assets i.e., Waste Connections' Total Assets and Total Stockholder Equity go up and down completely randomly.

Correlation Coefficient

0.98
Relationship DirectionPositive 
Relationship StrengthVery Strong

Total Assets

Total assets refers to the total amount of Waste Connections 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 Waste Connections 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.
Most indicators from Waste Connections' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Waste Connections 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 Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Waste Connections. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators.
To learn how to invest in Waste Stock, please use our How to Invest in Waste Connections guide.At this time, Waste Connections' Selling General Administrative is very stable compared to the past year. As of the 28th of April 2024, Issuance Of Capital Stock is likely to grow to about 1.2 M, while Tax Provision is likely to drop about 126.5 M.
 2021 2022 2023 2024 (projected)
Total Revenue6.2B7.2B8.2B8.6B
Depreciation And Amortization854.5M946.3M1.0B1.1B

Waste Connections fundamental ratios Correlations

0.980.970.970.981.00.970.950.960.461.0-0.160.461.00.780.990.75-0.410.990.930.990.70.850.970.420.98
0.980.980.990.930.991.00.980.980.330.99-0.290.330.990.721.00.69-0.311.00.870.990.770.750.940.341.0
0.970.980.980.920.960.970.970.930.350.97-0.150.350.970.690.980.64-0.310.980.860.960.810.740.930.320.97
0.970.990.980.920.970.990.990.980.290.98-0.250.290.980.660.990.64-0.330.990.850.970.830.730.940.270.99
0.980.930.920.920.970.910.890.90.580.98-0.040.580.970.820.940.81-0.510.940.970.960.610.930.970.510.94
1.00.990.960.970.970.980.960.960.41.0-0.180.41.00.780.990.72-0.340.990.910.990.70.820.970.370.98
0.971.00.970.990.910.980.980.980.260.97-0.320.260.980.680.990.64-0.271.00.830.980.790.710.930.280.99
0.950.980.970.990.890.960.980.960.270.96-0.240.270.970.670.980.61-0.230.980.820.950.830.670.90.250.97
0.960.980.930.980.90.960.980.960.250.96-0.330.250.970.640.970.64-0.360.980.820.960.770.730.920.230.98
0.460.330.350.290.580.40.260.270.250.430.361.00.410.60.350.67-0.540.340.740.380.050.720.470.790.34
1.00.990.970.980.981.00.970.960.960.43-0.170.431.00.770.990.74-0.40.990.920.990.710.840.970.40.99
-0.16-0.29-0.15-0.25-0.04-0.18-0.32-0.24-0.330.36-0.170.36-0.180.05-0.25-0.17-0.03-0.250.02-0.24-0.190.09-0.11-0.06-0.29
0.460.330.350.290.580.40.260.270.251.00.430.360.410.60.350.67-0.540.340.740.380.050.720.470.790.34
1.00.990.970.980.971.00.980.970.970.411.0-0.180.410.760.990.73-0.390.990.920.990.730.830.970.380.99
0.780.720.690.660.820.780.680.670.640.60.770.050.60.760.740.85-0.190.720.840.780.290.760.720.620.71
0.991.00.980.990.940.990.990.980.970.350.99-0.250.350.990.740.69-0.321.00.880.990.760.770.950.341.0
0.750.690.640.640.810.720.640.610.640.670.74-0.170.670.730.850.69-0.540.680.850.750.270.830.710.80.7
-0.41-0.31-0.31-0.33-0.51-0.34-0.27-0.23-0.36-0.54-0.4-0.03-0.54-0.39-0.19-0.32-0.54-0.32-0.52-0.38-0.14-0.72-0.52-0.44-0.35
0.991.00.980.990.940.991.00.980.980.340.99-0.250.340.990.721.00.68-0.320.880.990.770.770.950.331.0
0.930.870.860.850.970.910.830.820.820.740.920.020.740.920.840.880.85-0.520.880.90.530.930.920.630.88
0.990.990.960.970.960.990.980.950.960.380.99-0.240.380.990.780.990.75-0.380.990.90.70.820.960.390.99
0.70.770.810.830.610.70.790.830.770.050.71-0.190.050.730.290.760.27-0.140.770.530.70.360.65-0.020.77
0.850.750.740.730.930.820.710.670.730.720.840.090.720.830.760.770.83-0.720.770.930.820.360.880.620.77
0.970.940.930.940.970.970.930.90.920.470.97-0.110.470.970.720.950.71-0.520.950.920.960.650.880.380.94
0.420.340.320.270.510.370.280.250.230.790.4-0.060.790.380.620.340.8-0.440.330.630.39-0.020.620.380.35
0.981.00.970.990.940.980.990.970.980.340.99-0.290.340.990.711.00.7-0.351.00.880.990.770.770.940.35
Click cells to compare fundamentals

Waste Connections Account Relationship Matchups

Waste Connections fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets13.7B14.0B14.7B17.1B18.0B18.9B
Short Long Term Debt Total4.5B4.9B5.2B7.1B7.0B7.4B
Other Current Liab323.4M465.3M522.1M507.0M613.3M643.9M
Total Current Liabilities1.0B1.0B1.2B1.5B1.7B1.8B
Total Stockholder Equity6.9B6.9B7.0B7.1B7.7B8.0B
Property Plant And Equipment Net5.7B5.5B5.9B7.1B7.5B7.8B
Net Debt4.2B4.3B5.1B7.0B6.9B7.3B
Retained Earnings2.7B2.7B3.1B3.6B4.1B4.3B
Accounts Payable437.0M290.8M392.9M638.7M639.2M671.1M
Cash326.7M617.3M147.4M78.6M78.0M105.8M
Non Current Assets Total12.6B12.6B13.7B16.0B16.8B17.7B
Non Currrent Assets Other233.6M246.9M246.4M(887.2M)46.5M53.6M
Cash And Short Term Investments326.7M617.3M147.4M78.6M78.0M105.8M
Net Receivables662.8M630.3M709.6M833.9M880.5M924.6M
Common Stock Shares Outstanding264.5M263.7M261.7M258.0M258.1M200.6M
Liabilities And Stockholders Equity13.7B14.0B14.7B17.1B18.0B18.9B
Non Current Liabilities Total5.8B6.1B6.5B8.5B8.6B9.1B
Other Current Assets141.1M160.7M175.7M205.1M116.0M72.7M
Other Stockholder Equity154.9M170.6M199.5M244.1M282.8M394.0M
Total Liab6.8B7.1B7.7B10.0B10.3B10.8B
Total Current Assets1.1B1.4B1.0B1.1B1.1B1.2B
Intangible Assets1.2B1.2B1.4B1.7B1.6B1.7B
Short Term Debt30.4M38.9M44.0M41.9M73.5M77.1M
Accumulated Other Comprehensive Income(11.0M)(651K)39.6M(56.8M)(9.8M)(9.3M)
Common Stock4.1B4.0B3.7B3.3B3.3B3.4B
Other Liab1.2B1.2B1.3B1.5B1.7B1.8B
Other Assets233.6M417.9M246.4M297.3M1.00.95
Long Term Debt4.4B4.7B5.0B6.9B6.7B7.1B
Good Will5.5B5.7B6.2B6.9B7.4B7.7B
Property Plant Equipment5.5B5.3B5.7B7.0B8.0B8.4B
Current Deferred Revenue216.4M233.6M273.7M325.0M353.4M371.1M
Common Stock Total Equity4.1B4.0B3.7B3.3B3.8B4.0B
Property Plant And Equipment Gross5.7B5.3B5.9B7.1B13.3B14.0B
Net Tangible Assets259.6M(22.5M)(549.3M)(1.5B)(1.3B)(1.3B)
Deferred Long Term Liab818.6M760.0M850.9M1.0B1.2B632.2M
Short Long Term Debt16.4M8.3M6.0M6.8M26.5M25.1M
Long Term Debt Total4.4B4.7B5.0B6.9B7.9B4.7B
Capital Surpluse154.9M170.6M199.5M244.1M280.7M155.0M

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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.
When determining whether Waste Connections offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Waste Connections' 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 Waste Connections Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Waste Connections Stock:
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Waste Connections. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators.
To learn how to invest in Waste Stock, please use our How to Invest in Waste Connections guide.
Note that the Waste Connections information on this page should be used as a complementary analysis to other Waste Connections' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Volatility Analysis module to get historical volatility and risk analysis based on latest market data.

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Is Waste Connections' 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 Waste Connections. If investors know Waste 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 Waste Connections 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
0.158
Dividend Share
1.08
Earnings Share
3.07
Revenue Per Share
31.802
Quarterly Revenue Growth
0.091
The market value of Waste Connections is measured differently than its book value, which is the value of Waste that is recorded on the company's balance sheet. Investors also form their own opinion of Waste Connections' value that differs from its market value or its book value, called intrinsic value, which is Waste Connections' 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 Waste Connections' market value can be influenced by many factors that don't directly affect Waste Connections' 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 Waste Connections' value and its price as these two are different measures arrived at by different means. Investors typically determine if Waste Connections is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Waste Connections' 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.