Vestis Net Debt vs Net Working Capital Analysis

VSTS Stock

13.86 0.28 1.98%

Vestis financial indicator trend analysis is much more than just breaking down Vestis prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Vestis is a good investment. Please check the relationship between Vestis Net Debt and its Net Working Capital accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Vestis. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

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

Net Debt vs Net Working Capital

Net Debt vs Net Working Capital Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Vestis Net Debt account and Net Working Capital. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Vestis' Net Debt and Net Working Capital is 0.92. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Net Working Capital in the same time period over historical financial statements of Vestis, assuming nothing else is changed. The correlation between historical values of Vestis' Net Debt and Net Working Capital is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Debt of Vestis are associated (or correlated) with its Net Working Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Working Capital has no effect on the direction of Net Debt i.e., Vestis' Net Debt and Net Working Capital go up and down completely randomly.

Correlation Coefficient

0.92

Relationship Direction	Positive
Relationship Strength	Very Strong

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Net Debt

The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.

Net Working Capital

Most indicators from Vestis' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Vestis 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Vestis. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

For more information on how to buy Vestis Stock please use our How to Invest in Vestis guide.Enterprise Value is likely to gain to about 2.7 B in 2024, whereas Tax Provision is likely to drop slightly above 37.1 M in 2024.

	2022	2023	2024 (projected)
Interest Expense	10K	9K	8.6K
Depreciation And Amortization	136.5M	122.9M	108.3M

Interest Expense Depreciation And Amortization

Vestis fundamental ratios Correlations

	Common Stock Shares Outstanding	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Property Plant And Equipment Net	Net Debt	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Net Receivables	Good Will	Non Current Liabilities Total	Capital Lease Obligations	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Net Invested Capital	Property Plant And Equipment Gross
Common Stock Shares Outstanding		-0.84	-0.8	0.83	-0.84	0.58	-0.77	0.73	0.99	-0.8	-0.67	0.65	1.0	-0.74	-0.74	0.65	-0.69	1.0	-0.81	-0.74	-0.84	-0.8	0.58	-0.5	-0.83	-0.78
Total Assets	-0.84		0.85	-0.85	0.98	-0.78	0.98	-0.8	-0.87	0.85	0.64	-0.58	-0.86	0.96	0.96	-0.58	0.89	-0.84	0.85	0.96	0.99	0.92	-0.78	0.78	1.0	0.97
Short Long Term Debt Total	-0.8	0.85		-0.93	0.86	-0.95	0.9	-0.99	-0.85	1.0	0.52	-0.59	-0.84	0.92	0.92	-0.59	0.91	-0.8	1.0	0.92	0.86	0.82	-0.95	0.9	0.85	0.91
Other Current Liab	0.83	-0.85	-0.93		-0.92	0.85	-0.86	0.9	0.89	-0.93	-0.8	0.84	0.87	-0.88	-0.88	0.84	-0.95	0.82	-0.93	-0.87	-0.9	-0.95	0.84	-0.8	-0.84	-0.91
Total Current Liabilities	-0.84	0.98	0.86	-0.92		-0.79	0.96	-0.81	-0.88	0.86	0.76	-0.72	-0.87	0.95	0.95	-0.72	0.94	-0.83	0.86	0.95	1.0	0.98	-0.79	0.78	0.97	0.98
Total Stockholder Equity	0.58	-0.78	-0.95	0.85	-0.79		-0.88	0.97	0.66	-0.95	-0.4	0.48	0.64	-0.91	-0.91	0.48	-0.91	0.58	-0.94	-0.92	-0.8	-0.75	1.0	-0.99	-0.78	-0.89
Other Liab	-0.77	0.98	0.9	-0.86	0.96	-0.88		-0.87	-0.81	0.9	0.56	-0.52	-0.81	1.0	1.0	-0.52	0.92	-0.77	0.9	1.0	0.97	0.89	-0.88	0.88	0.98	0.99
Net Tangible Assets	0.73	-0.8	-0.99	0.9	-0.81	0.97	-0.87		0.79	-0.99	-0.47	0.55	0.78	-0.9	-0.9	0.55	-0.9	0.73	-0.99	-0.9	-0.82	-0.78	0.97	-0.92	-0.8	-0.88
Property Plant And Equipment Net	0.99	-0.87	-0.85	0.89	-0.88	0.66	-0.81	0.79		-0.85	-0.71	0.71	1.0	-0.8	-0.8	0.71	-0.77	0.99	-0.86	-0.79	-0.88	-0.86	0.66	-0.58	-0.86	-0.83
Net Debt	-0.8	0.85	1.0	-0.93	0.86	-0.95	0.9	-0.99	-0.85		0.53	-0.59	-0.84	0.92	0.92	-0.59	0.91	-0.8	1.0	0.92	0.87	0.82	-0.95	0.9	0.85	0.91
Accounts Payable	-0.67	0.64	0.52	-0.8	0.76	-0.4	0.56	-0.47	-0.71	0.53		-0.97	-0.68	0.56	0.56	-0.97	0.72	-0.64	0.53	0.55	0.72	0.87	-0.4	0.38	0.61	0.65
Cash	0.65	-0.58	-0.59	0.84	-0.72	0.48	-0.52	0.55	0.71	-0.59	-0.97		0.67	-0.55	-0.55	1.0	-0.74	0.62	-0.59	-0.53	-0.67	-0.85	0.47	-0.43	-0.55	-0.63
Non Current Assets Total	1.0	-0.86	-0.84	0.87	-0.87	0.64	-0.81	0.78	1.0	-0.84	-0.68	0.67		-0.79	-0.79	0.67	-0.74	1.0	-0.85	-0.78	-0.87	-0.84	0.64	-0.56	-0.86	-0.82
Non Currrent Assets Other	-0.74	0.96	0.92	-0.88	0.95	-0.91	1.0	-0.9	-0.8	0.92	0.56	-0.55	-0.79		1.0	-0.55	0.95	-0.74	0.92	1.0	0.97	0.89	-0.91	0.92	0.96	0.99
Other Assets	-0.74	0.96	0.92	-0.88	0.95	-0.91	1.0	-0.9	-0.8	0.92	0.56	-0.55	-0.79	1.0		-0.55	0.95	-0.74	0.92	1.0	0.97	0.89	-0.91	0.92	0.96	0.99
Cash And Short Term Investments	0.65	-0.58	-0.59	0.84	-0.72	0.48	-0.52	0.55	0.71	-0.59	-0.97	1.0	0.67	-0.55	-0.55		-0.74	0.62	-0.59	-0.53	-0.67	-0.85	0.47	-0.43	-0.55	-0.63
Net Receivables	-0.69	0.89	0.91	-0.95	0.94	-0.91	0.92	-0.9	-0.77	0.91	0.72	-0.74	-0.74	0.95	0.95	-0.74		-0.68	0.91	0.94	0.93	0.95	-0.91	0.91	0.88	0.96
Good Will	1.0	-0.84	-0.8	0.82	-0.83	0.58	-0.77	0.73	0.99	-0.8	-0.64	0.62	1.0	-0.74	-0.74	0.62	-0.68		-0.81	-0.74	-0.83	-0.79	0.58	-0.5	-0.84	-0.77
Non Current Liabilities Total	-0.81	0.85	1.0	-0.93	0.86	-0.94	0.9	-0.99	-0.86	1.0	0.53	-0.59	-0.85	0.92	0.92	-0.59	0.91	-0.81		0.92	0.87	0.83	-0.94	0.89	0.85	0.91
Capital Lease Obligations	-0.74	0.96	0.92	-0.87	0.95	-0.92	1.0	-0.9	-0.79	0.92	0.55	-0.53	-0.78	1.0	1.0	-0.53	0.94	-0.74	0.92		0.96	0.89	-0.92	0.92	0.96	0.99
Inventory	-0.84	0.99	0.86	-0.9	1.0	-0.8	0.97	-0.82	-0.88	0.87	0.72	-0.67	-0.87	0.97	0.97	-0.67	0.93	-0.83	0.87	0.96		0.96	-0.8	0.79	0.99	0.98
Other Current Assets	-0.8	0.92	0.82	-0.95	0.98	-0.75	0.89	-0.78	-0.86	0.82	0.87	-0.85	-0.84	0.89	0.89	-0.85	0.95	-0.79	0.83	0.89	0.96		-0.75	0.74	0.9	0.94
Other Stockholder Equity	0.58	-0.78	-0.95	0.84	-0.79	1.0	-0.88	0.97	0.66	-0.95	-0.4	0.47	0.64	-0.91	-0.91	0.47	-0.91	0.58	-0.94	-0.92	-0.8	-0.75		-0.99	-0.78	-0.89
Total Liab	-0.5	0.78	0.9	-0.8	0.78	-0.99	0.88	-0.92	-0.58	0.9	0.38	-0.43	-0.56	0.92	0.92	-0.43	0.91	-0.5	0.89	0.92	0.79	0.74	-0.99		0.78	0.89
Net Invested Capital	-0.83	1.0	0.85	-0.84	0.97	-0.78	0.98	-0.8	-0.86	0.85	0.61	-0.55	-0.86	0.96	0.96	-0.55	0.88	-0.84	0.85	0.96	0.99	0.9	-0.78	0.78		0.97
Property Plant And Equipment Gross	-0.78	0.97	0.91	-0.91	0.98	-0.89	0.99	-0.88	-0.83	0.91	0.65	-0.63	-0.82	0.99	0.99	-0.63	0.96	-0.77	0.91	0.99	0.98	0.94	-0.89	0.89	0.97

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Vestis Net Debt vs Net Working Capital Analysis

Net Debt vs Net Working Capital

Net Debt vs Net Working Capital Correlation Analysis

Correlation Coefficient

Net Debt

Net Working Capital

Vestis fundamental ratios Correlations

Vestis Account Relationship Matchups

High Positive Relationship

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Non Current Assets Total	+ 1.0	Common Stock Shares Outstanding
Good Will	+ 1.0	Common Stock Shares Outstanding
Net Invested Capital	+ 1.0	Total Assets
Net Debt	+ 1.0	Short Long Term Debt Total
Non Current Liabilities Total	+ 1.0	Short Long Term Debt Total
Inventory	+ 1.0	Total Current Liabilities

Total Liab	- 0.99	Other Stockholder Equity
Non Current Liabilities Total	- 0.99	Net Tangible Assets
Net Debt	- 0.99	Net Tangible Assets
Total Liab	- 0.99	Total Stockholder Equity
Net Tangible Assets	- 0.99	Short Long Term Debt Total
Cash And Short Term Investments	- 0.97	Accounts Payable