Costco Non Currrent Assets Other vs Long Term Debt Analysis
COST Stock | 46.11 0.05 0.11% |
Costco Wholesale financial indicator trend analysis is way more than just evaluating Costco Wholesale Corp prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Costco Wholesale Corp is a good investment. Please check the relationship between Costco Wholesale Non Currrent Assets Other and its Long Term Debt accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Costco Wholesale Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Non Currrent Assets Other vs Long Term Debt
Non Currrent Assets Other vs Long Term Debt Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Costco Wholesale Corp Non Currrent Assets Other account and Long Term Debt. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Costco Wholesale's Non Currrent Assets Other and Long Term Debt is -0.33. Overlapping area represents the amount of variation of Non Currrent Assets Other that can explain the historical movement of Long Term Debt in the same time period over historical financial statements of Costco Wholesale Corp, assuming nothing else is changed. The correlation between historical values of Costco Wholesale's Non Currrent Assets Other and Long Term Debt 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 Costco Wholesale Corp are associated (or correlated) with its Long Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Long Term Debt has no effect on the direction of Non Currrent Assets Other i.e., Costco Wholesale's Non Currrent Assets Other and Long Term Debt go up and down completely randomly.
Correlation Coefficient | -0.33 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
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.Long Term Debt
Long-term debt is a debt that Costco Wholesale Corp has held for over one year. Long-term debt appears on Costco Wholesale Corp balance sheet and also includes long-term leases. The most common forms of long term debt are bonds payable, long-term notes payable, mortgage payable, pension liabilities, and lease liabilities. In the corporate world, long-term debt is generally used to fund big-ticket items, such as machinery, buildings, and land. The total of long-term debt reported on Costco Wholesale Corp balance sheet is the sum of the balances of all categories of long-term debt. Debt that is not due within the current year and is often considered to be financing activities that are to be repaid over several years.Most indicators from Costco Wholesale's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Costco Wholesale Corp 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 Costco Wholesale Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. As of December 11, 2024, Tax Provision is expected to decline to about 1.7 B. In addition to that, Selling General Administrative is expected to decline to about 19.3 B
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 27.6B | 29.7B | 34.2B | 26.1B | Total Revenue | 227.0B | 242.3B | 278.6B | 206.5B |
Costco Wholesale fundamental ratios Correlations
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Costco Wholesale Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Costco Wholesale fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 55.6B | 59.3B | 64.2B | 69.0B | 79.3B | 61.3B | |
Other Current Liab | 5.3B | 6.3B | 7.3B | 8.2B | 9.5B | 6.8B | |
Total Current Liabilities | 24.8B | 29.4B | 32.0B | 33.6B | 38.6B | 29.9B | |
Total Stockholder Equity | 18.3B | 17.6B | 20.6B | 25.1B | 28.8B | 20.1B | |
Other Liab | 1.3B | 1.4B | 1.2B | 1.2B | 1.4B | 1.4B | |
Net Tangible Assets | 17.3B | 16.6B | 19.6B | 24.1B | 27.7B | 19.4B | |
Retained Earnings | 12.9B | 11.7B | 15.6B | 19.5B | 22.4B | 14.3B | |
Accounts Payable | 14.2B | 16.3B | 17.8B | 17.5B | 20.1B | 16.3B | |
Cash | 12.3B | 11.3B | 10.2B | 13.7B | 15.8B | 11.3B | |
Non Current Assets Total | 27.4B | 29.8B | 31.5B | 33.1B | 38.1B | 30.1B | |
Non Currrent Assets Other | 2.8B | 3.4B | 4.1B | 3.7B | 4.3B | 2.9B | |
Other Assets | 1.3B | 1.4B | 1.4B | 1.4B | 1.6B | 1.3B | |
Long Term Debt | 7.5B | 6.7B | 6.5B | 5.4B | 4.8B | 5.0B | |
Net Receivables | 1.6B | 1.8B | 2.2B | 2.3B | 2.6B | 2.0B | |
Common Stock Shares Outstanding | 441.3M | 441.8M | 442.7M | 442.8M | 509.2M | 485.2M | |
Short Term Investments | 1.0B | 917M | 846M | 1.5B | 1.8B | 1.2B | |
Non Current Liabilities Total | 12.0B | 11.7B | 11.5B | 10.4B | 11.9B | 11.0B | |
Inventory | 12.2B | 14.2B | 17.9B | 16.7B | 19.1B | 15.3B | |
Other Current Assets | 1.0B | 1.3B | 1.5B | 1.7B | 2.0B | 1.3B | |
Other Stockholder Equity | (1.3B) | (1.1B) | (1.8B) | (1.8B) | (1.6B) | (1.7B) | |
Total Liab | 36.9B | 41.2B | 43.5B | 43.9B | 50.5B | 40.9B | |
Net Invested Capital | 25.9B | 25.1B | 27.2B | 31.5B | 36.2B | 27.7B | |
Total Current Assets | 28.1B | 29.5B | 32.7B | 35.9B | 41.3B | 31.2B | |
Non Current Liabilities Other | 1.9B | 2.4B | 2.6B | 2.6B | 2.9B | 2.2B | |
Net Working Capital | 3.3B | 64M | 698M | 2.3B | 2.6B | 2.8B | |
Property Plant Equipment | 25.2B | 27.4B | 29.0B | 30.7B | 35.3B | 28.0B | |
Short Long Term Debt | 95M | 799M | 73M | 1.1B | 972.9M | 599.5M |
Pair Trading with Costco Wholesale
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 Costco Wholesale 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 Costco Wholesale will appreciate offsetting losses from the drop in the long position's value.Moving together with Costco Stock
The ability to find closely correlated positions to Costco Wholesale could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Costco Wholesale 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 Costco Wholesale - 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 Costco Wholesale Corp to buy it.
The correlation of Costco Wholesale 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 Costco Wholesale moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Costco Wholesale Corp 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 Costco Wholesale 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.Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Costco Wholesale Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. You can also try the Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.