Westone Net Debt vs Non Current Liabilities Total Analysis

002268 Stock

18.45 0.37 2.05%

Westone Information financial indicator trend analysis is more than just analyzing Westone Information current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Westone Information is a good investment. Please check the relationship between Westone Information Net Debt and its Non Current Liabilities Total accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Westone Information Industry. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Net Debt vs Non Current Liabilities Total

Net Debt vs Non Current Liabilities Total Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Westone Information Net Debt account and Non Current Liabilities Total. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Westone Information's Net Debt and Non Current Liabilities Total is -0.35. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Non Current Liabilities Total in the same time period over historical financial statements of Westone Information Industry, assuming nothing else is changed. The correlation between historical values of Westone Information's Net Debt and Non Current Liabilities Total 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 Westone Information Industry are associated (or correlated) with its Non Current Liabilities Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Liabilities Total has no effect on the direction of Net Debt i.e., Westone Information's Net Debt and Non Current Liabilities Total go up and down completely randomly.

Correlation Coefficient

-0.35

Relationship Direction	Negative
Relationship Strength	Insignificant

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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.

Non Current Liabilities Total

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

The current year's Tax Provision is expected to grow to about 8.1 M, whereas Selling General Administrative is forecasted to decline to about 91.6 M.

	2021	2022	2023	2024 (projected)
Operating Income	282.5M	395.9M	361.7M	379.8M
Total Revenue	2.8B	3.4B	3.1B	3.2B

Operating Income Total Revenue

Westone Information fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Long Term Debt	Cash And Short Term Investments	Net Receivables	Short Term Investments	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt
Total Assets		0.1	0.15	0.92	0.99	0.24	0.86	0.66	-0.9	0.94	0.99	0.96	0.98	0.54	-0.08	-0.46	0.95	0.86	0.6	0.44	0.71	0.89	0.95	0.92	1.0	-0.03
Short Long Term Debt Total	0.1		0.11	0.37	-0.01	0.15	0.4	0.09	0.28	0.01	0.14	-0.08	0.27	-0.17	0.0	0.05	-0.1	0.26	-0.12	0.03	-0.11	0.17	-0.03	0.37	0.04	0.94
Other Current Liab	0.15	0.11		0.13	0.14	0.51	0.24	-0.06	-0.13	-0.02	0.16	0.11	0.16	0.09	0.21	0.28	0.08	0.34	-0.05	0.5	0.03	-0.06	0.22	0.14	0.15	-0.08
Total Current Liabilities	0.92	0.37	0.13		0.86	0.3	0.86	0.78	-0.7	0.88	0.94	0.82	0.95	0.54	0.03	-0.39	0.82	0.81	0.55	0.49	0.7	0.83	0.78	1.0	0.9	0.28
Total Stockholder Equity	0.99	-0.01	0.14	0.86		0.19	0.83	0.59	-0.94	0.93	0.97	0.97	0.95	0.51	-0.13	-0.47	0.96	0.84	0.59	0.39	0.69	0.88	0.98	0.86	0.99	-0.14
Other Liab	0.24	0.15	0.51	0.3	0.19		0.24	0.09	-0.14	0.19	0.29	0.17	0.25	0.33	0.3	0.0	0.18	0.39	0.13	0.85	0.0	-0.01	0.18	0.32	0.23	0.11
Property Plant And Equipment Net	0.86	0.4	0.24	0.86	0.83	0.24		0.59	-0.66	0.69	0.83	0.75	0.92	0.18	-0.09	-0.05	0.68	0.95	0.25	0.37	0.67	0.86	0.84	0.85	0.82	0.29
Current Deferred Revenue	0.66	0.09	-0.06	0.78	0.59	0.09	0.59		-0.57	0.67	0.66	0.62	0.67	0.42	0.19	-0.13	0.6	0.49	0.35	0.32	0.88	0.62	0.49	0.78	0.64	0.08
Net Debt	-0.9	0.28	-0.13	-0.7	-0.94	-0.14	-0.66	-0.57		-0.87	-0.86	-0.98	-0.8	-0.49	0.15	0.47	-0.95	-0.67	-0.58	-0.35	-0.72	-0.74	-0.92	-0.7	-0.93	0.41
Retained Earnings	0.94	0.01	-0.02	0.88	0.93	0.19	0.69	0.67	-0.87		0.96	0.93	0.88	0.72	-0.12	-0.66	0.97	0.69	0.8	0.46	0.64	0.77	0.83	0.88	0.95	-0.1
Accounts Payable	0.99	0.14	0.16	0.94	0.97	0.29	0.83	0.66	-0.86	0.96		0.94	0.97	0.62	-0.03	-0.51	0.94	0.84	0.66	0.5	0.66	0.85	0.91	0.94	0.99	0.01
Cash	0.96	-0.08	0.11	0.82	0.97	0.17	0.75	0.62	-0.98	0.93	0.94		0.89	0.5	-0.17	-0.52	0.98	0.74	0.61	0.37	0.73	0.82	0.95	0.82	0.98	-0.21
Non Current Assets Total	0.98	0.27	0.16	0.95	0.95	0.25	0.92	0.67	-0.8	0.88	0.97	0.89		0.46	0.0	-0.37	0.86	0.9	0.49	0.4	0.69	0.92	0.91	0.95	0.95	0.14
Non Currrent Assets Other	0.54	-0.17	0.09	0.54	0.51	0.33	0.18	0.42	-0.49	0.72	0.62	0.5	0.46		0.17	-0.67	0.64	0.29	0.89	0.63	0.21	0.27	0.37	0.56	0.56	-0.24
Other Assets	-0.08	0.0	0.21	0.03	-0.13	0.3	-0.09	0.19	0.15	-0.12	-0.03	-0.17	0.0	0.17		0.18	-0.2	0.05	-0.24	0.12	-0.06	-0.05	-0.15	0.04	-0.12	-0.02
Long Term Debt	-0.46	0.05	0.28	-0.39	-0.47	0.0	-0.05	-0.13	0.47	-0.66	-0.51	-0.52	-0.37	-0.67	0.18		-0.62	-0.06	-0.79	-0.1	0.02	-0.26	-0.35	-0.4	-0.49	0.16
Cash And Short Term Investments	0.95	-0.1	0.08	0.82	0.96	0.18	0.68	0.6	-0.95	0.97	0.94	0.98	0.86	0.64	-0.2	-0.62		0.68	0.76	0.44	0.67	0.76	0.9	0.82	0.97	-0.23
Net Receivables	0.86	0.26	0.34	0.81	0.84	0.39	0.95	0.49	-0.67	0.69	0.84	0.74	0.9	0.29	0.05	-0.06	0.68		0.28	0.49	0.58	0.82	0.86	0.81	0.83	0.16
Short Term Investments	0.6	-0.12	-0.05	0.55	0.59	0.13	0.25	0.35	-0.58	0.8	0.66	0.61	0.49	0.89	-0.24	-0.79	0.76	0.28		0.5	0.23	0.34	0.46	0.56	0.64	-0.21
Non Current Liabilities Total	0.44	0.03	0.5	0.49	0.39	0.85	0.37	0.32	-0.35	0.46	0.5	0.37	0.4	0.63	0.12	-0.1	0.44	0.49	0.5		0.25	0.15	0.33	0.51	0.45	-0.03
Inventory	0.71	-0.11	0.03	0.7	0.69	0.0	0.67	0.88	-0.72	0.64	0.66	0.73	0.69	0.21	-0.06	0.02	0.67	0.58	0.23	0.25		0.71	0.67	0.69	0.71	-0.11
Other Current Assets	0.89	0.17	-0.06	0.83	0.88	-0.01	0.86	0.62	-0.74	0.77	0.85	0.82	0.92	0.27	-0.05	-0.26	0.76	0.82	0.34	0.15	0.71		0.87	0.82	0.86	0.12
Other Stockholder Equity	0.95	-0.03	0.22	0.78	0.98	0.18	0.84	0.49	-0.92	0.83	0.91	0.95	0.91	0.37	-0.15	-0.35	0.9	0.86	0.46	0.33	0.67	0.87		0.78	0.95	-0.18
Total Liab	0.92	0.37	0.14	1.0	0.86	0.32	0.85	0.78	-0.7	0.88	0.94	0.82	0.95	0.56	0.04	-0.4	0.82	0.81	0.56	0.51	0.69	0.82	0.78		0.9	0.27
Total Current Assets	1.0	0.04	0.15	0.9	0.99	0.23	0.82	0.64	-0.93	0.95	0.99	0.98	0.95	0.56	-0.12	-0.49	0.97	0.83	0.64	0.45	0.71	0.86	0.95	0.9		-0.1
Short Term Debt	-0.03	0.94	-0.08	0.28	-0.14	0.11	0.29	0.08	0.41	-0.1	0.01	-0.21	0.14	-0.24	-0.02	0.16	-0.23	0.16	-0.21	-0.03	-0.11	0.12	-0.18	0.27	-0.1

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Westone Information Account Relationship Matchups

Westone Information fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	6.0B	6.5B	7.1B	7.6B	7.6B	8.0B
Short Long Term Debt Total	127.7M	195.9M	14.0M	85.4M	78.8M	154.1M
Other Current Liab	11.3M	1.4M	13.0M	156.9M	11.2M	10.7M
Total Current Liabilities	1.3B	1.7B	2.0B	2.2B	2.0B	2.1B
Total Stockholder Equity	4.6B	4.7B	5.0B	5.2B	5.5B	5.8B
Other Liab	39.1M	29.7M	28.2M	54.1M	62.3M	37.9M
Property Plant And Equipment Net	1.5B	1.5B	1.4B	1.5B	1.4B	724.4M
Current Deferred Revenue	93.4M	314.0M	742.2M	489.6M	373.9M	248.5M
Net Debt	(1.4B)	(1.8B)	(2.6B)	(2.0B)	(2.5B)	(2.4B)
Retained Earnings	1.1B	1.2B	1.4B	1.7B	2.0B	2.1B
Accounts Payable	1.1B	1.2B	1.2B	1.5B	1.6B	1.7B
Cash	1.5B	2.0B	2.7B	2.1B	2.6B	2.7B
Non Current Assets Total	1.9B	1.9B	1.9B	2.0B	2.0B	2.1B
Non Currrent Assets Other	62.5M	9.7M	8.7M	721.6M	713.3M	749.0M
Cash And Short Term Investments	1.5B	2.0B	2.7B	2.8B	3.3B	3.4B
Net Receivables	2.2B	2.0B	1.4B	2.0B	2.0B	1.1B
Short Term Investments	(215.4K)	(4.3K)	(6.3M)	700M	805M	845.3M
Liabilities And Stockholders Equity	6.0B	6.5B	7.1B	7.6B	7.6B	8.0B
Non Current Liabilities Total	39.1M	29.7M	34.7M	105.2M	88.1M	44.6M
Inventory	290.5M	475.5M	968.5M	656.6M	333.3M	244.4M
Other Current Assets	70.7M	91.9M	74.5M	51.7M	54.0M	56.7M
Other Stockholder Equity	2.5B	2.5B	2.6B	2.5B	2.5B	2.6B
Total Liab	1.4B	1.8B	2.0B	2.3B	2.1B	2.2B
Total Current Assets	4.1B	4.5B	5.1B	5.6B	5.6B	5.9B
Short Term Debt	127.7M	186.9M	7.5M	34.3M	40.6M	38.6M
Intangible Assets	195.2M	274.2M	263.5M	270.2M	280.8M	294.8M
Property Plant Equipment	1.5B	1.5B	1.4B	1.5B	1.7B	1.8B
Net Tangible Assets	4.5B	4.5B	4.9B	5.1B	5.9B	4.2B
Deferred Long Term Liab	97.8M	103.4M	86.0M	149.5M	171.9M	180.5M
Net Invested Capital	4.6B	4.7B	5.0B	5.2B	5.5B	5.3B
Net Working Capital	2.8B	2.8B	3.1B	3.3B	3.6B	3.3B

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Balance Sheet is a snapshot of the financial position of Westone Information at a specified time, usually calculated after every quarter, six months, or one year. Westone Information Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Westone Information 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 Westone currently owns. An asset can also be divided into two categories, current and non-current.

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Westone Net Debt vs Non Current Liabilities Total Analysis

Net Debt vs Non Current Liabilities Total

Net Debt vs Non Current Liabilities Total Correlation Analysis

Correlation Coefficient

Net Debt

Non Current Liabilities Total

Westone Information fundamental ratios Correlations

Westone Information Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Westone Information fundamental ratios Accounts

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Total Current Assets	+ 1.0	Total Assets
Total Liab	+ 1.0	Total Current Liabilities
Total Stockholder Equity	+ 0.99	Total Assets
Accounts Payable	+ 0.99	Total Assets
Total Current Assets	+ 0.99	Total Stockholder Equity
Total Current Assets	+ 0.99	Accounts Payable

Cash	- 0.98	Net Debt
Cash And Short Term Investments	- 0.95	Net Debt
Net Debt	- 0.94	Total Stockholder Equity
Total Current Assets	- 0.93	Net Debt
Other Stockholder Equity	- 0.92	Net Debt
Net Debt	- 0.9	Total Assets