Westbridge Net Debt vs Cash Analysis

WEB Stock

CAD 0.81 0.01 1.22%

Westbridge Energy financial indicator trend analysis is more than just analyzing Westbridge Energy current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Westbridge Energy is a good investment. Please check the relationship between Westbridge Energy Net Debt and its Cash accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Westbridge Energy. 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.

Net Debt vs Cash

Net Debt vs Cash Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Westbridge Energy Net Debt account and Cash. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between Westbridge Energy's Net Debt and Cash is 0.47. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Cash in the same time period over historical financial statements of Westbridge Energy, assuming nothing else is changed. The correlation between historical values of Westbridge Energy's Net Debt and Cash 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 Westbridge Energy are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Net Debt i.e., Westbridge Energy's Net Debt and Cash go up and down completely randomly.

Correlation Coefficient

0.47

Relationship Direction	Positive
Relationship Strength	Weak

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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.

Cash

Cash refers to the most liquid asset of Westbridge Energy, which is listed under current asset account on Westbridge Energy balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Westbridge Energy customers. The amounts must be unrestricted with restricted cash listed in a different Westbridge Energy account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.

Most indicators from Westbridge Energy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Westbridge Energy 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 Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Westbridge Energy. 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, Westbridge Energy's Selling General Administrative is fairly stable compared to the past year. Sales General And Administrative To Revenue is likely to climb to 38.88 in 2024, whereas Issuance Of Capital Stock is likely to drop slightly above 357.2 K in 2024.

Westbridge Energy fundamental ratios Correlations

	Total Assets	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Other Current Liab	Short Long Term Debt Total	Non Current Liabilities Total	Other Liab	Net Tangible Assets	Non Currrent Assets Other	Long Term Investments	Common Stock	Property Plant Equipment	Current Deferred Revenue
Total Assets		0.99	0.51	0.15	0.97	0.47	0.88	0.66	0.98	0.66	0.97	0.85	0.99	-0.16	0.99	0.99	0.98	0.99	0.99	0.06	-0.11	0.51	-0.94	-0.45	-0.1	0.76
Total Current Liabilities	0.99		0.36	0.03	1.0	0.39	0.87	0.54	0.94	0.54	0.99	0.83	1.0	-0.25	1.0	1.0	1.0	1.0	1.0	0.11	-0.22	0.52	-0.95	-0.39	-0.21	0.72
Total Stockholder Equity	0.51	0.36		0.68	0.29	0.61	0.41	0.87	0.6	0.87	0.36	0.48	0.36	0.36	0.36	0.43	0.33	0.36	0.37	-0.25	0.51	0.15	-0.34	-0.44	0.52	0.51
Property Plant And Equipment Net	0.15	0.03	0.68		-0.02	0.23	0.04	0.51	0.32	0.51	0.01	-0.11	0.03	0.7	0.03	0.08	0.0	0.03	0.02	-0.29	0.95	-0.34	-0.02	0.1	0.96	-0.11
Net Debt	0.97	1.0	0.29	-0.02		0.34	0.86	0.47	0.92	0.47	0.98	0.81	1.0	-0.27	1.0	0.98	1.0	1.0	1.0	0.13	-0.25	0.51	-0.95	-0.36	-0.25	0.69
Retained Earnings	0.47	0.39	0.61	0.23	0.34		0.37	0.75	0.52	0.75	0.38	0.59	0.39	-0.09	0.39	0.45	0.37	0.4	0.42	-0.32	0.16	0.28	-0.37	-0.93	0.16	0.71
Accounts Payable	0.88	0.87	0.41	0.04	0.86	0.37		0.53	0.87	0.53	0.84	0.83	0.87	-0.13	0.87	0.87	0.84	0.87	0.88	0.31	-0.2	0.29	-0.83	-0.39	-0.2	0.75
Cash	0.66	0.54	0.87	0.51	0.47	0.75	0.53		0.72	1.0	0.54	0.62	0.55	0.12	0.54	0.62	0.52	0.55	0.55	-0.22	0.34	0.36	-0.52	-0.63	0.34	0.74
Non Current Assets Total	0.98	0.94	0.6	0.32	0.92	0.52	0.87	0.72		0.72	0.93	0.83	0.94	-0.05	0.94	0.96	0.93	0.95	0.95	0.0	0.06	0.43	-0.9	-0.43	0.07	0.73
Cash And Short Term Investments	0.66	0.54	0.87	0.51	0.47	0.75	0.53	1.0	0.72		0.54	0.62	0.55	0.12	0.54	0.62	0.52	0.55	0.55	-0.22	0.34	0.36	-0.52	-0.63	0.34	0.74
Net Receivables	0.97	0.99	0.36	0.01	0.98	0.38	0.84	0.54	0.93	0.54		0.84	0.99	-0.26	0.99	0.98	0.98	0.99	0.99	0.09	-0.23	0.57	-0.94	-0.38	-0.23	0.72
Common Stock Shares Outstanding	0.85	0.83	0.48	-0.11	0.81	0.59	0.83	0.62	0.83	0.62	0.84		0.82	-0.4	0.83	0.84	0.82	0.83	0.84	0.02	-0.34	0.7	-0.78	-0.66	-0.33	0.95
Other Current Assets	0.99	1.0	0.36	0.03	1.0	0.39	0.87	0.55	0.94	0.55	0.99	0.82		-0.24	1.0	1.0	1.0	1.0	1.0	0.11	-0.21	0.51	-0.95	-0.4	-0.2	0.72
Other Stockholder Equity	-0.16	-0.25	0.36	0.7	-0.27	-0.09	-0.13	0.12	-0.05	0.12	-0.26	-0.4	-0.24		-0.25	-0.21	-0.27	-0.24	-0.25	0.12	0.73	-0.59	0.23	0.32	0.72	-0.4
Total Liab	0.99	1.0	0.36	0.03	1.0	0.39	0.87	0.54	0.94	0.54	0.99	0.83	1.0	-0.25		1.0	1.0	1.0	1.0	0.11	-0.22	0.52	-0.95	-0.4	-0.21	0.73
Total Current Assets	0.99	1.0	0.43	0.08	0.98	0.45	0.87	0.62	0.96	0.62	0.98	0.84	1.0	-0.21	1.0		0.99	1.0	0.99	0.08	-0.16	0.52	-0.95	-0.44	-0.16	0.76
Other Current Liab	0.98	1.0	0.33	0.0	1.0	0.37	0.84	0.52	0.93	0.52	0.98	0.82	1.0	-0.27	1.0	0.99		1.0	0.99	0.09	-0.24	0.55	-0.95	-0.39	-0.23	0.71
Short Long Term Debt Total	0.99	1.0	0.36	0.03	1.0	0.4	0.87	0.55	0.95	0.55	0.99	0.83	1.0	-0.24	1.0	1.0	1.0		1.0	0.11	-0.21	0.52	-0.95	-0.4	-0.21	0.72
Non Current Liabilities Total	0.99	1.0	0.37	0.02	1.0	0.42	0.88	0.55	0.95	0.55	0.99	0.84	1.0	-0.25	1.0	0.99	0.99	1.0		0.11	-0.22	0.52	-0.95	-0.42	-0.22	0.74
Other Liab	0.06	0.11	-0.25	-0.29	0.13	-0.32	0.31	-0.22	0.0	-0.22	0.09	0.02	0.11	0.12	0.11	0.08	0.09	0.11	0.11		-0.33	-0.15	-0.16	0.23	-0.33	-0.01
Net Tangible Assets	-0.11	-0.22	0.51	0.95	-0.25	0.16	-0.2	0.34	0.06	0.34	-0.23	-0.34	-0.21	0.73	-0.22	-0.16	-0.24	-0.21	-0.22	-0.33		-0.5	0.2	0.18	1.0	-0.32
Non Currrent Assets Other	0.51	0.52	0.15	-0.34	0.51	0.28	0.29	0.36	0.43	0.36	0.57	0.7	0.51	-0.59	0.52	0.52	0.55	0.52	0.52	-0.15	-0.5		-0.49	-0.43	-0.49	0.69
Long Term Investments	-0.94	-0.95	-0.34	-0.02	-0.95	-0.37	-0.83	-0.52	-0.9	-0.52	-0.94	-0.78	-0.95	0.23	-0.95	-0.95	-0.95	-0.95	-0.95	-0.16	0.2	-0.49		0.34	0.19	-0.68
Common Stock	-0.45	-0.39	-0.44	0.1	-0.36	-0.93	-0.39	-0.63	-0.43	-0.63	-0.38	-0.66	-0.4	0.32	-0.4	-0.44	-0.39	-0.4	-0.42	0.23	0.18	-0.43	0.34		0.18	-0.8
Property Plant Equipment	-0.1	-0.21	0.52	0.96	-0.25	0.16	-0.2	0.34	0.07	0.34	-0.23	-0.33	-0.2	0.72	-0.21	-0.16	-0.23	-0.21	-0.22	-0.33	1.0	-0.49	0.19	0.18		-0.31
Current Deferred Revenue	0.76	0.72	0.51	-0.11	0.69	0.71	0.75	0.74	0.73	0.74	0.72	0.95	0.72	-0.4	0.73	0.76	0.71	0.72	0.74	-0.01	-0.32	0.69	-0.68	-0.8	-0.31

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Westbridge Energy Account Relationship Matchups

Westbridge Energy fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	13.4K	655.6K	4.9M	7.7M	57.8M	60.7M
Total Current Liabilities	642.5K	84.4K	425.3K	762.9K	46.3M	48.6M
Total Stockholder Equity	(629.1K)	571.2K	4.4M	6.4M	5.8M	6.1M
Net Debt	(8.5K)	(390.8K)	(3.2M)	(1.2M)	34.4M	36.1M
Retained Earnings	(30.0M)	(29.3M)	(3.7M)	(6.0M)	(9.1M)	(9.6M)
Cash	8.5K	390.8K	3.2M	1.6M	2.8M	3.0M
Cash And Short Term Investments	8.5K	390.8K	3.2M	1.6M	2.8M	3.0M
Net Receivables	412.0	255.9K	21.4K	86.1K	1.2M	1.2M
Common Stock Shares Outstanding	8.0M	11.3M	35.0M	83.7M	98.0M	102.9M
Liabilities And Stockholders Equity	13.4K	655.6K	4.9M	7.7M	57.8M	60.7M
Total Liab	642.5K	84.4K	429.0K	1.2M	51.8M	54.4M
Total Current Assets	13.4K	655.6K	3.3M	1.8M	33.9M	35.6M
Other Current Liab	642.5K	84.4K	196.8K	144.8K	6.4M	6.8M
Common Stock	26.5M	27.0M	7.6M	11.0M	12.5M	15.9M

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