002673 Stock | | | 8.68 0.05 0.57% |
Western Securities financial indicator trend analysis is more than just analyzing Western Securities current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Western Securities is a good investment. Please check the relationship between Western Securities Common Stock Shares Outstanding and its Long Term Debt accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Western Securities Co. 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.
Common Stock Shares Outstanding vs Long Term Debt
Common Stock Shares Outstanding vs Long Term Debt Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Western Securities Common Stock Shares Outstanding account and
Long Term Debt. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Western Securities' Common Stock Shares Outstanding and Long Term Debt is -0.66. Overlapping area represents the amount of variation of Common Stock Shares Outstanding that can explain the historical movement of Long Term Debt in the same time period over historical financial statements of Western Securities Co, assuming nothing else is changed. The correlation between historical values of Western Securities' Common Stock Shares Outstanding 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 Common Stock Shares Outstanding of Western Securities Co 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 Common Stock Shares Outstanding i.e., Western Securities' Common Stock Shares Outstanding and Long Term Debt go up and down completely randomly.
Correlation Coefficient | -0.66 |
Relationship Direction | Negative |
Relationship Strength | Weak |
Common Stock Shares Outstanding
The total number of shares of a company's common stock that are currently owned by all its shareholders.
Long Term Debt
Long-term debt is a debt that Western Securities has held for over one year. Long-term debt appears on Western Securities Co 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 Western Securities Co 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 Western Securities' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Western Securities 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 Western Securities Co. 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.
As of December 18, 2024,
Selling General Administrative is expected to decline to about 412.4
M. In addition to that,
Tax Provision is expected to decline to about 281.2
MWestern Securities fundamental ratios Correlations
Click cells to compare fundamentals
Western Securities Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Western Securities fundamental ratios Accounts
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Other Information on Investing in Western Stock
Balance Sheet is a snapshot of the
financial position of Western Securities at a specified time, usually calculated after every quarter, six months, or one year. Western Securities Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Western Securities 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 Western currently owns. An asset can also be divided into two categories, current and non-current.