Northwest Capital Expenditures vs Free Cash Flow Analysis

NWN Stock

USD 41.57 0.40 0.95%

Northwest Natural financial indicator trend analysis is infinitely more than just investigating Northwest Natural Gas recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Northwest Natural Gas is a good investment. Please check the relationship between Northwest Natural Capital Expenditures and its Free Cash Flow accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Northwest Natural Gas. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in housing.

Capital Expenditures vs Free Cash Flow

Capital Expenditures vs Free Cash Flow Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Northwest Natural Gas Capital Expenditures account and Free Cash Flow. At this time, the significance of the direction appears to have pay attention.

The correlation between Northwest Natural's Capital Expenditures and Free Cash Flow is -0.87. Overlapping area represents the amount of variation of Capital Expenditures that can explain the historical movement of Free Cash Flow in the same time period over historical financial statements of Northwest Natural Gas, assuming nothing else is changed. The correlation between historical values of Northwest Natural's Capital Expenditures and Free Cash Flow is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Capital Expenditures of Northwest Natural Gas are associated (or correlated) with its Free Cash Flow. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Free Cash Flow has no effect on the direction of Capital Expenditures i.e., Northwest Natural's Capital Expenditures and Free Cash Flow go up and down completely randomly.

Correlation Coefficient

-0.87

Relationship Direction	Negative
Relationship Strength	Significant

View All Relationships

Capital Expenditures

Capital Expenditures are funds used by Northwest Natural Gas to acquire physical assets such as property, industrial buildings or equipment. This type of outlay is used by management to increase the scope of Northwest Natural operations. These expenditures can include everything from repairing an office equipment, building a brand new facility, or writing new software.

Free Cash Flow

The amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.

Most indicators from Northwest Natural's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Northwest Natural Gas 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 Northwest Natural Gas. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in housing.

At this time, Northwest Natural's Discontinued Operations is very stable compared to the past year. As of the 12th of December 2024, Issuance Of Capital Stock is likely to grow to about 69.2 M, while Selling General Administrative is likely to drop about 8 M.

	2021	2022	2023	2024 (projected)
Gross Profit	329.1M	341.2M	423.9M	329.4M
Total Revenue	860.4M	1.0B	1.2B	695.7M

Gross Profit Total Revenue

Northwest Natural fundamental ratios Correlations

	Total Assets	Common Stock Shares Outstanding	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	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	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
Total Assets		0.83	0.96	0.91	0.76	0.83	0.79	-0.22	0.79	0.47	0.79	0.78	0.79	-0.01	0.78	0.8	0.96	0.99	0.62	0.85	0.21	0.78	0.97	0.75	0.56	0.98
Common Stock Shares Outstanding	0.83		0.73	0.68	0.82	0.96	0.96	-0.26	0.87	0.72	0.82	0.49	0.97	0.09	0.49	0.82	0.73	0.85	0.7	0.64	0.04	0.96	0.73	0.8	0.61	0.78
Short Long Term Debt Total	0.96	0.73		0.93	0.78	0.77	0.74	-0.14	0.81	0.31	0.76	0.9	0.72	-0.13	0.89	0.79	0.95	0.94	0.56	0.87	0.19	0.73	0.98	0.74	0.6	0.96
Other Current Liab	0.91	0.68	0.93		0.75	0.75	0.66	-0.24	0.75	0.25	0.83	0.81	0.65	-0.03	0.82	0.84	0.92	0.86	0.62	0.97	0.12	0.67	0.94	0.82	0.43	0.93
Total Current Liabilities	0.76	0.82	0.78	0.75		0.85	0.9	-0.21	0.95	0.46	0.86	0.64	0.89	-0.15	0.64	0.92	0.66	0.72	0.58	0.77	-0.2	0.92	0.72	0.89	0.85	0.69
Total Stockholder Equity	0.83	0.96	0.77	0.75	0.85		0.95	-0.3	0.93	0.65	0.85	0.58	0.96	0.11	0.58	0.89	0.76	0.82	0.76	0.74	0.06	0.96	0.77	0.9	0.58	0.8
Property Plant And Equipment Net	0.79	0.96	0.74	0.66	0.9	0.95		-0.14	0.95	0.61	0.84	0.54	1.0	-0.1	0.53	0.85	0.67	0.79	0.59	0.64	-0.08	0.99	0.72	0.82	0.72	0.73
Current Deferred Revenue	-0.22	-0.26	-0.14	-0.24	-0.21	-0.3	-0.14		-0.14	-0.6	-0.16	-0.07	-0.19	-0.57	-0.08	-0.3	-0.17	-0.2	-0.62	-0.33	0.04	-0.21	-0.11	-0.41	-0.14	-0.16
Net Debt	0.79	0.87	0.81	0.75	0.95	0.93	0.95	-0.14		0.48	0.85	0.69	0.94	-0.11	0.68	0.9	0.72	0.76	0.64	0.73	-0.05	0.95	0.77	0.88	0.75	0.75
Retained Earnings	0.47	0.72	0.31	0.25	0.46	0.65	0.61	-0.6	0.48		0.35	0.01	0.66	0.57	0.02	0.53	0.34	0.51	0.73	0.31	0.22	0.65	0.3	0.54	0.44	0.34
Accounts Payable	0.79	0.82	0.76	0.83	0.86	0.85	0.84	-0.16	0.85	0.35		0.61	0.83	-0.07	0.6	0.9	0.73	0.76	0.57	0.81	-0.15	0.86	0.75	0.89	0.51	0.78
Cash	0.78	0.49	0.9	0.81	0.64	0.58	0.54	-0.07	0.69	0.01	0.61		0.52	-0.26	1.0	0.62	0.84	0.74	0.37	0.75	0.04	0.52	0.84	0.59	0.5	0.82
Non Current Assets Total	0.79	0.97	0.72	0.65	0.89	0.96	1.0	-0.19	0.94	0.66	0.83	0.52		-0.02	0.51	0.85	0.67	0.79	0.65	0.63	-0.05	1.0	0.7	0.83	0.7	0.72
Non Currrent Assets Other	-0.01	0.09	-0.13	-0.03	-0.15	0.11	-0.1	-0.57	-0.11	0.57	-0.07	-0.26	-0.02		-0.26	0.11	0.04	0.01	0.61	0.1	0.52	-0.01	-0.09	0.19	-0.24	-0.06
Cash And Short Term Investments	0.78	0.49	0.89	0.82	0.64	0.58	0.53	-0.08	0.68	0.02	0.6	1.0	0.51	-0.26		0.63	0.84	0.73	0.38	0.75	0.03	0.52	0.84	0.59	0.49	0.82
Net Receivables	0.8	0.82	0.79	0.84	0.92	0.89	0.85	-0.3	0.9	0.53	0.9	0.62	0.85	0.11	0.63		0.76	0.76	0.71	0.87	-0.03	0.88	0.77	0.98	0.64	0.75
Common Stock Total Equity	0.96	0.73	0.95	0.92	0.66	0.76	0.67	-0.17	0.72	0.34	0.73	0.84	0.67	0.04	0.84	0.76		0.94	0.62	0.87	0.32	0.67	0.97	0.71	0.42	0.97
Non Current Liabilities Total	0.99	0.85	0.94	0.86	0.72	0.82	0.79	-0.2	0.76	0.51	0.76	0.74	0.79	0.01	0.73	0.76	0.94		0.6	0.8	0.25	0.78	0.95	0.71	0.53	0.97
Inventory	0.62	0.7	0.56	0.62	0.58	0.76	0.59	-0.62	0.64	0.73	0.57	0.37	0.65	0.61	0.38	0.71	0.62	0.6		0.68	0.36	0.66	0.57	0.8	0.33	0.57
Other Current Assets	0.85	0.64	0.87	0.97	0.77	0.74	0.64	-0.33	0.73	0.31	0.81	0.75	0.63	0.1	0.75	0.87	0.87	0.8	0.68		0.12	0.66	0.88	0.88	0.45	0.86
Other Stockholder Equity	0.21	0.04	0.19	0.12	-0.2	0.06	-0.08	0.04	-0.05	0.22	-0.15	0.04	-0.05	0.52	0.03	-0.03	0.32	0.25	0.36	0.12		-0.07	0.29	-0.01	-0.24	0.22
Total Liab	0.78	0.96	0.73	0.67	0.92	0.96	0.99	-0.21	0.95	0.65	0.86	0.52	1.0	-0.01	0.52	0.88	0.67	0.78	0.66	0.66	-0.07		0.7	0.86	0.73	0.71
Property Plant And Equipment Gross	0.97	0.73	0.98	0.94	0.72	0.77	0.72	-0.11	0.77	0.3	0.75	0.84	0.7	-0.09	0.84	0.77	0.97	0.95	0.57	0.88	0.29	0.7		0.72	0.49	0.97
Total Current Assets	0.75	0.8	0.74	0.82	0.89	0.9	0.82	-0.41	0.88	0.54	0.89	0.59	0.83	0.19	0.59	0.98	0.71	0.71	0.8	0.88	-0.01	0.86	0.72		0.58	0.71
Short Term Debt	0.56	0.61	0.6	0.43	0.85	0.58	0.72	-0.14	0.75	0.44	0.51	0.5	0.7	-0.24	0.49	0.64	0.42	0.53	0.33	0.45	-0.24	0.73	0.49	0.58		0.44
Common Stock	0.98	0.78	0.96	0.93	0.69	0.8	0.73	-0.16	0.75	0.34	0.78	0.82	0.72	-0.06	0.82	0.75	0.97	0.97	0.57	0.86	0.22	0.71	0.97	0.71	0.44

Click cells to compare fundamentals

Northwest Natural Account Relationship Matchups

Northwest Natural fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	3.4B	3.8B	4.1B	4.7B	4.9B	5.1B
Common Stock Shares Outstanding	29.9M	30.6M	30.8M	34.0M	36.3M	27.2M
Short Long Term Debt Total	1.0B	1.3B	1.5B	1.7B	1.7B	1.8B
Other Current Liab	123.1M	114.3M	200.1M	352.0M	293.1M	307.7M
Total Current Liabilities	482.2M	627.1M	724.8M	898.7M	696.9M	419.1M
Total Stockholder Equity	866.0M	888.7M	935.1M	1.2B	1.3B	753.7M
Property Plant And Equipment Net	2.6B	2.9B	3.1B	3.3B	3.4B	1.9B
Current Deferred Revenue	19.4M	21.3M	23.0M	15.5M	17.8M	18.7M
Net Debt	1.0B	1.3B	1.5B	1.6B	1.7B	860.1M
Retained Earnings	318.5M	336.5M	355.8M	376.5M	399.9M	289.3M
Accounts Payable	113.4M	98.0M	118.0M	180.7M	145.4M	105.0M
Cash	9.6M	30.2M	18.6M	29.3M	32.9M	34.6M
Non Current Assets Total	3.1B	3.4B	3.6B	4.0B	4.3B	2.3B
Non Currrent Assets Other	86.9M	83.6M	56.8M	365.4M	439.7M	298.5M
Cash And Short Term Investments	9.6M	30.2M	18.6M	29.3M	32.9M	34.6M
Net Receivables	122.9M	148.8M	181.6M	254.7M	201.0M	143.2M
Common Stock Total Equity	319.6M	565.1M	590.8M	805.3M	926.0M	972.3M
Liabilities And Stockholders Equity	3.4B	3.8B	4.1B	4.7B	4.9B	2.6B
Non Current Liabilities Total	2.1B	2.2B	2.4B	2.7B	2.9B	3.0B
Inventory	44.0M	42.7M	57.3M	87.1M	112.6M	60.8M
Other Current Assets	95.2M	101.6M	179.8M	373.2M	254.9M	267.7M
Other Stockholder Equity	44.1M	(12.9M)	935.1M	(6.3M)	1.3B	1.3B
Total Liab	2.6B	2.9B	3.1B	3.6B	3.6B	1.9B
Property Plant And Equipment Gross	2.6B	2.9B	4.0B	4.3B	4.8B	5.0B
Total Current Assets	293.7M	323.2M	437.3M	744.2M	601.4M	318.5M
Accumulated Other Comprehensive Income	(10.7M)	(12.9M)	(11.4M)	(6.3M)	(7.0M)	(7.4M)
Short Term Debt	226.3M	401.0M	391.1M	350.4M	243.0M	196.6M
Common Stock	558.3M	565.1M	590.8M	805.3M	891.0M	935.5M
Other Liab	1.3B	1.3B	1.3B	1.3B	1.6B	1.6B
Other Assets	629.5M	582.4M	521.1M	437.0M	(3.4B)	(3.2B)
Long Term Debt	806.0M	860.1M	1.0B	1.2B	1.4B	739.0M
Property Plant Equipment	2.4B	2.7B	2.9B	3.1B	3.6B	1.9B
Short Term Investments	15.3M	13.7M	48.1M	194.4M	(130.3M)	(123.8M)
Good Will	49.9M	69.2M	70.6M	149.3M	163.3M	171.5M
Retained Earnings Total Equity	318.5M	336.5M	355.8M	376.5M	432.9M	221.3M
Deferred Long Term Liab	343.1M	1.4B	1.4B	1.4B	1.6B	1.7B
Net Tangible Assets	816.1M	819.5M	864.6M	1.0B	1.2B	907.1M
Long Term Investments	98.2M	55.4M	100.0M	100.7M	103.0M	103.1M

Pair Trading with Northwest Natural

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 Northwest Natural 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 Northwest Natural will appreciate offsetting losses from the drop in the long position's value.

Moving together with Northwest Stock

0.93	NI	NiSource	Pair Corr
0.88	SR	Spire Inc	Pair Corr
0.86	ATO	Atmos Energy	Pair Corr
0.89	BKH	Black Hills	Pair Corr
0.92	CPK	Chesapeake Utilities	Pair Corr

Moving against Northwest Stock

0.49	ED	Consolidated Edison Sell-off Trend	Pair Corr
0.48	ES	Eversource Energy	Pair Corr

The ability to find closely correlated positions to Northwest Natural could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Northwest Natural 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 Northwest Natural - 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 Northwest Natural Gas to buy it.

The correlation of Northwest Natural 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 Northwest Natural moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Northwest Natural Gas 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 Northwest Natural 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

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

How To Invest In Northwest

Details

Is Northwest Stock a good investment?

Details

What is Northwest Natural's Net Worth?

Details

Largest Gas Utilities Companies

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Largest Utilities - Regulated Gas Companies

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Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Northwest Natural Gas. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in housing.

You can also try the Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.

Is Gas Utilities space 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 Northwest Natural. If investors know Northwest 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 Northwest Natural 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

(0.16)

Dividend Share

1.95

Earnings Share

2.1

Revenue Per Share

29.929

Quarterly Revenue Growth

(0.03)

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

Capital Expenditures vs Free Cash Flow

Capital Expenditures vs Free Cash Flow Correlation Analysis

Correlation Coefficient

Capital Expenditures

Free Cash Flow

Northwest Natural fundamental ratios Correlations

Northwest Natural Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Northwest Natural fundamental ratios Accounts

Pair Trading with Northwest Natural

Moving together with Northwest Stock

Moving against Northwest Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Cash And Short Term Investments	+ 1.0	Cash
Total Liab	+ 1.0	Non Current Assets Total
Non Current Liabilities Total	+ 0.99	Total Assets
Total Liab	+ 0.99	Property Plant And Equipment Net
Common Stock	+ 0.98	Total Assets

Inventory	- 0.62	Current Deferred Revenue
Retained Earnings	- 0.6	Current Deferred Revenue
Non Currrent Assets Other	- 0.57	Current Deferred Revenue
Total Current Assets	- 0.41	Current Deferred Revenue
Other Current Assets	- 0.33	Current Deferred Revenue
Net Receivables	- 0.3	Current Deferred Revenue