Northland Days Sales Outstanding vs Capex To Depreciation Analysis

NPI Stock

CAD 22.35 0.29 1.28%

Northland Power financial indicator trend analysis is infinitely more than just investigating Northland Power recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Northland Power is a good investment. Please check the relationship between Northland Power Days Sales Outstanding and its Capex To Depreciation accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Northland Power. 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.

Days Sales Outstanding vs Capex To Depreciation

Days Sales Outstanding vs Capex To Depreciation Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Northland Power Days Sales Outstanding account and Capex To Depreciation. At this time, the significance of the direction appears to have weak contrarian relationship.

The correlation between Northland Power's Days Sales Outstanding and Capex To Depreciation is -0.18. Overlapping area represents the amount of variation of Days Sales Outstanding that can explain the historical movement of Capex To Depreciation in the same time period over historical financial statements of Northland Power, assuming nothing else is changed. The correlation between historical values of Northland Power's Days Sales Outstanding and Capex To Depreciation is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Days Sales Outstanding of Northland Power are associated (or correlated) with its Capex To Depreciation. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capex To Depreciation has no effect on the direction of Days Sales Outstanding i.e., Northland Power's Days Sales Outstanding and Capex To Depreciation go up and down completely randomly.

Correlation Coefficient

-0.18

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Days Sales Outstanding

Capex To Depreciation

The ratio of a company's capital expenditures to its depreciation expenses, indicating how much the company is investing in physical assets relative to the aging of existing assets.

Most indicators from Northland Power's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Northland Power 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 Northland Power. 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.

At this time, Northland Power's Selling General Administrative is very stable compared to the past year. As of the 2nd of August 2025, Sales General And Administrative To Revenue is likely to grow to 0.06, while Tax Provision is likely to drop about 113.2 M.

	2022	2023	2024	2025 (projected)
Gross Profit	2.2B	1.6B	2.2B	2.3B
Total Revenue	2.4B	2.2B	2.4B	2.5B

Gross Profit Total Revenue

Northland Power fundamental ratios Correlations

	Common Stock Shares Outstanding	Total Assets	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	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Common Stock	Short Long Term Debt Total	Current Deferred Revenue	Short Term Debt	Non Current Liabilities Total
Common Stock Shares Outstanding		0.83	0.53	0.76	0.64	0.83	0.77	-0.48	0.55	0.7	0.83	0.58	0.72	0.86	0.81	-0.23	0.53	-0.33	0.82	0.79	0.78	0.76	0.78	0.49	0.64	0.88
Total Assets	0.83		0.58	0.93	0.8	0.98	0.92	-0.43	0.54	0.83	1.0	0.46	0.84	0.82	0.96	-0.39	0.58	-0.47	0.97	0.98	0.93	0.92	0.96	0.66	0.59	0.86
Other Current Liab	0.53	0.58		0.76	0.46	0.57	0.48	-0.01	0.21	0.76	0.54	0.72	0.75	0.67	0.45	0.22	0.73	-0.31	0.57	0.52	0.8	0.48	0.49	0.34	0.79	0.55
Total Current Liabilities	0.76	0.93	0.76		0.81	0.89	0.8	-0.21	0.44	0.89	0.91	0.56	0.89	0.83	0.86	-0.28	0.63	-0.4	0.88	0.92	0.97	0.88	0.85	0.67	0.7	0.76
Total Stockholder Equity	0.64	0.8	0.46	0.81		0.69	0.53	0.04	0.15	0.86	0.79	0.48	0.88	0.59	0.78	-0.66	0.16	-0.26	0.64	0.88	0.83	0.96	0.64	0.94	0.34	0.46
Property Plant And Equipment Net	0.83	0.98	0.57	0.89	0.69		0.97	-0.53	0.63	0.76	0.99	0.44	0.77	0.82	0.95	-0.28	0.66	-0.52	1.0	0.94	0.89	0.85	0.99	0.53	0.62	0.92
Net Debt	0.77	0.92	0.48	0.8	0.53	0.97		-0.65	0.66	0.62	0.93	0.3	0.61	0.76	0.9	-0.22	0.7	-0.59	0.98	0.86	0.78	0.73	0.99	0.38	0.57	0.94
Retained Earnings	-0.48	-0.43	-0.01	-0.21	0.04	-0.53	-0.65		-0.57	0.0	-0.46	0.06	0.0	-0.3	-0.53	-0.01	-0.44	0.23	-0.56	-0.32	-0.19	-0.21	-0.58	0.11	-0.16	-0.61
Accounts Payable	0.55	0.54	0.21	0.44	0.15	0.63	0.66	-0.57		0.34	0.56	0.23	0.32	0.6	0.52	0.24	0.46	-0.28	0.65	0.5	0.41	0.33	0.61	-0.14	0.48	0.73
Cash	0.7	0.83	0.76	0.89	0.86	0.76	0.62	0.0	0.34		0.8	0.63	0.99	0.75	0.75	-0.22	0.4	-0.35	0.73	0.84	0.94	0.86	0.69	0.73	0.6	0.62
Non Current Assets Total	0.83	1.0	0.54	0.91	0.79	0.99	0.93	-0.46	0.56	0.8		0.43	0.81	0.81	0.97	-0.41	0.57	-0.48	0.98	0.98	0.91	0.92	0.97	0.65	0.57	0.87
Non Currrent Assets Other	0.58	0.46	0.72	0.56	0.48	0.44	0.3	0.06	0.23	0.63	0.43		0.68	0.67	0.34	0.06	0.38	-0.09	0.41	0.45	0.59	0.46	0.29	0.32	0.78	0.45
Cash And Short Term Investments	0.72	0.84	0.75	0.89	0.88	0.77	0.61	0.0	0.32	0.99	0.81	0.68		0.77	0.75	-0.27	0.39	-0.35	0.73	0.86	0.94	0.88	0.69	0.75	0.63	0.63
Net Receivables	0.86	0.82	0.67	0.83	0.59	0.82	0.76	-0.3	0.6	0.75	0.81	0.67	0.77		0.72	-0.05	0.64	-0.3	0.83	0.76	0.84	0.68	0.76	0.37	0.87	0.87
Common Stock Total Equity	0.81	0.96	0.45	0.86	0.78	0.95	0.9	-0.53	0.52	0.75	0.97	0.34	0.75	0.72		-0.43	0.48	-0.49	0.93	0.94	0.85	0.92	0.94	0.65	0.46	0.81
Inventory	-0.23	-0.39	0.22	-0.28	-0.66	-0.28	-0.22	-0.01	0.24	-0.22	-0.41	0.06	-0.27	-0.05	-0.43		0.26	0.07	-0.24	-0.5	-0.24	-0.61	-0.31	-0.79	0.23	-0.05
Other Current Assets	0.53	0.58	0.73	0.63	0.16	0.66	0.7	-0.44	0.46	0.4	0.57	0.38	0.39	0.64	0.48	0.26		-0.41	0.69	0.47	0.63	0.31	0.65	0.02	0.72	0.73
Other Stockholder Equity	-0.33	-0.47	-0.31	-0.4	-0.26	-0.52	-0.59	0.23	-0.28	-0.35	-0.48	-0.09	-0.35	-0.3	-0.49	0.07	-0.41		-0.5	-0.44	-0.41	-0.38	-0.57	-0.18	-0.3	-0.5
Total Liab	0.82	0.97	0.57	0.88	0.64	1.0	0.98	-0.56	0.65	0.73	0.98	0.41	0.73	0.83	0.93	-0.24	0.69	-0.5		0.92	0.87	0.81	0.99	0.48	0.64	0.94
Property Plant And Equipment Gross	0.79	0.98	0.52	0.92	0.88	0.94	0.86	-0.32	0.5	0.84	0.98	0.45	0.86	0.76	0.94	-0.5	0.47	-0.44	0.92		0.91	0.97	0.91	0.75	0.52	0.78
Total Current Assets	0.78	0.93	0.8	0.97	0.83	0.89	0.78	-0.19	0.41	0.94	0.91	0.59	0.94	0.84	0.85	-0.24	0.63	-0.41	0.87	0.91		0.88	0.84	0.69	0.69	0.77
Common Stock	0.76	0.92	0.48	0.88	0.96	0.85	0.73	-0.21	0.33	0.86	0.92	0.46	0.88	0.68	0.92	-0.61	0.31	-0.38	0.81	0.97	0.88		0.81	0.87	0.42	0.64
Short Long Term Debt Total	0.78	0.96	0.49	0.85	0.64	0.99	0.99	-0.58	0.61	0.69	0.97	0.29	0.69	0.76	0.94	-0.31	0.65	-0.57	0.99	0.91	0.84	0.81		0.5	0.53	0.91
Current Deferred Revenue	0.49	0.66	0.34	0.67	0.94	0.53	0.38	0.11	-0.14	0.73	0.65	0.32	0.75	0.37	0.65	-0.79	0.02	-0.18	0.48	0.75	0.69	0.87	0.5		0.12	0.27
Short Term Debt	0.64	0.59	0.79	0.7	0.34	0.62	0.57	-0.16	0.48	0.6	0.57	0.78	0.63	0.87	0.46	0.23	0.72	-0.3	0.64	0.52	0.69	0.42	0.53	0.12		0.7
Non Current Liabilities Total	0.88	0.86	0.55	0.76	0.46	0.92	0.94	-0.61	0.73	0.62	0.87	0.45	0.63	0.87	0.81	-0.05	0.73	-0.5	0.94	0.78	0.77	0.64	0.91	0.27	0.7

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Northland Power Account Relationship Matchups

Northland Power fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Common Stock Shares Outstanding	201.2M	218.9M	236.2M	252.7M	259.9M	130.7M
Total Assets	11.4B	12.9B	14.2B	13.6B	13.6B	14.3B
Other Current Liab	198.7M	222.6M	803.4M	250.1M	73.0M	119.2M
Total Current Liabilities	1.1B	1.4B	1.9B	1.3B	1.3B	1.4B
Total Stockholder Equity	1.6B	2.8B	4.4B	4.2B	4.2B	4.4B
Property Plant And Equipment Net	8.7B	9.6B	9.4B	9.2B	8.9B	9.3B
Net Debt	7.2B	7.0B	5.9B	6.6B	6.6B	6.9B
Retained Earnings	(1.4B)	(1.2B)	(701.1M)	(1.2B)	(1.2B)	(1.3B)
Accounts Payable	252.7M	504.6M	153.6M	161.6M	169.0M	129.7M
Cash	435.0M	673.7M	1.3B	642.5M	613.3M	644.0M
Non Current Assets Total	10.3B	11.5B	11.9B	12.2B	12.2B	12.8B
Non Currrent Assets Other	333.3M	433.1M	798.9M	812.9M	18.1M	17.2M
Cash And Short Term Investments	435.0M	673.7M	1.3B	813.5M	613.3M	644.0M
Net Receivables	376.7M	388.2M	403.1M	396.0M	272.9M	161.5M
Liabilities And Stockholders Equity	11.4B	12.9B	14.2B	13.6B	13.6B	14.3B
Inventory	24.1M	36.6M	43.8M	(121.4M)	(139.7M)	(132.7M)
Other Current Assets	240.9M	316.2M	442.1M	237.2M	119.7M	149.1M
Other Stockholder Equity	6.5M	3.6M	5.5M	6.0M	43.6M	41.4M
Total Liab	9.4B	9.9B	9.5B	9.1B	9.0B	9.5B
Property Plant And Equipment Gross	8.7B	13.0B	12.9B	13.3B	13.6B	14.3B
Total Current Assets	1.1B	1.4B	2.3B	1.4B	1.4B	1.5B
Accumulated Other Comprehensive Income	(283.2M)	(280.0M)	(4.0M)	107.7M	96.9M	101.7M
Common Stock	3.0B	4.0B	4.9B	5.1B	5.2B	5.5B
Short Long Term Debt Total	7.6B	7.8B	7.2B	7.2B	8.3B	8.7B
Current Deferred Revenue	18.0M	20.2M	24.9M	299.0M	343.8M	361.0M
Short Term Debt	608.4M	677.4M	821.1M	776.0M	16.0M	15.2M
Non Current Liabilities Total	8.3B	8.5B	7.6B	7.9B	7.7B	4.2B
Good Will	708.7M	753.4M	712.6M	639.3M	617.6M	385.1M
Intangible Assets	533.2M	497.6M	515.8M	446.9M	393.9M	414.0M
Other Liab	622.2M	847.0M	1.1B	1.3B	1.5B	1.5B
Net Tangible Assets	76.7M	72.3M	1.2B	3.0B	3.5B	3.6B
Other Assets	398.1M	466.6M	660.4M	443.6M	485.8M	457.3M
Long Term Debt	7.0B	7.0B	6.2B	6.4B	6.3B	6.4B
Long Term Investments	1.8M	131.1M	441.6M	899.9M	1.0B	1.1B
Short Long Term Debt	608.4M	677.4M	784.1M	759.8M	878.6M	703.8M
Property Plant Equipment	8.7B	9.6B	9.4B	9.2B	8.9B	8.1B
Long Term Debt Total	7.0B	7.1B	6.3B	6.6B	6.5B	7.2B
Capital Surpluse	3.2M	3.6M	5.5M	6.0M	6.3M	6.6M

Pair Trading with Northland Power

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 Northland Power 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 Northland Power will appreciate offsetting losses from the drop in the long position's value.

Moving together with Northland Stock

0.92	TD-PFI	Toronto Dominion Bank	Pair Corr
0.94	AMZN	Amazon CDR	Pair Corr
0.94	AMZN	Amazon CDR	Pair Corr

Moving against Northland Stock

0.93	BRK	Berkshire Hathaway CDR	Pair Corr
0.44	MFC	Manulife Financial Corp Earnings Call This Week	Pair Corr

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

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

Other Information on Investing in Northland Stock

Balance Sheet is a snapshot of the financial position of Northland Power at a specified time, usually calculated after every quarter, six months, or one year. Northland Power Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Northland Power and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Northland currently owns. An asset can also be divided into two categories, current and non-current.

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Northland Days Sales Outstanding vs Capex To Depreciation Analysis

Days Sales Outstanding vs Capex To Depreciation

Days Sales Outstanding vs Capex To Depreciation Correlation Analysis

Correlation Coefficient

Days Sales Outstanding

Capex To Depreciation

Northland Power fundamental ratios Correlations

Northland Power Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Northland Power fundamental ratios Accounts

Pair Trading with Northland Power

Moving together with Northland Stock

Moving against Northland Stock

Other Information on Investing in Northland Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Assets Total	+ 1.0	Total Assets
Total Liab	+ 1.0	Property Plant And Equipment Net
Non Current Assets Total	+ 0.99	Property Plant And Equipment Net
Short Long Term Debt Total	+ 0.99	Property Plant And Equipment Net
Short Long Term Debt Total	+ 0.99	Net Debt
Cash And Short Term Investments	+ 0.99	Cash

Current Deferred Revenue	- 0.79	Inventory
Inventory	- 0.66	Total Stockholder Equity
Retained Earnings	- 0.65	Net Debt
Common Stock	- 0.61	Inventory
Non Current Liabilities Total	- 0.61	Retained Earnings
Other Stockholder Equity	- 0.59	Net Debt