Westaim Selling General Administrative vs Effect Of Accounting Charges Analysis
WED Stock | CAD 5.24 0.06 1.16% |
Westaim Corp financial indicator trend analysis is more than just analyzing Westaim Corp current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Westaim Corp is a good investment. Please check the relationship between Westaim Corp Selling General Administrative and its Effect Of Accounting Charges accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Westaim Corp. 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.
Selling General Administrative vs Effect Of Accounting Charges
Selling General Administrative vs Effect Of Accounting Charges Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Westaim Corp Selling General Administrative account and Effect Of Accounting Charges. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Westaim Corp's Selling General Administrative and Effect Of Accounting Charges is -0.1. Overlapping area represents the amount of variation of Selling General Administrative that can explain the historical movement of Effect Of Accounting Charges in the same time period over historical financial statements of Westaim Corp, assuming nothing else is changed. The correlation between historical values of Westaim Corp's Selling General Administrative and Effect Of Accounting Charges is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Selling General Administrative of Westaim Corp are associated (or correlated) with its Effect Of Accounting Charges. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Effect Of Accounting Charges has no effect on the direction of Selling General Administrative i.e., Westaim Corp's Selling General Administrative and Effect Of Accounting Charges go up and down completely randomly.
Correlation Coefficient | -0.1 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Selling General Administrative
Effect Of Accounting Charges
Most indicators from Westaim Corp's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Westaim Corp 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 Westaim Corp. 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, Westaim Corp's Tax Provision is fairly stable compared to the past year. Enterprise Value Over EBITDA is likely to climb to 1.46 in 2024, whereas Selling General Administrative is likely to drop slightly above 2.3 M in 2024.
Westaim Corp fundamental ratios Correlations
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Westaim Corp Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Westaim Corp fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 410.7M | 377.4M | 401.7M | 413.3M | 551.8M | 336.9M | |
Total Current Liabilities | 2.1M | 2.3M | 3.6M | 3.3M | 14.6M | 9.7M | |
Total Stockholder Equity | 354.7M | 320.5M | 347.7M | 363.1M | 518.3M | 544.3M | |
Property Plant And Equipment Net | 656K | 536K | 402K | 261K | 124K | 117.8K | |
Net Debt | (21.6M) | (8.2M) | (6.1M) | (3.2M) | (134.9M) | (128.2M) | |
Retained Earnings | (42.8M) | (77.2M) | (49.0M) | (31.0M) | 153.0M | 160.6M | |
Accounts Payable | 2.1M | 2.3M | 3.6M | 3.3M | 14.6M | 8.8M | |
Cash | 22.2M | 8.7M | 6.6M | 3.4M | 135.0M | 141.8M | |
Non Current Assets Total | 385.8M | 367.4M | 394.7M | 409.4M | 414.4M | 260.7M | |
Non Currrent Assets Other | (656K) | (367.4M) | (394.7M) | (409.4M) | (414.4M) | (393.7M) | |
Other Assets | 3.5M | 2.7M | 64K | 178K | 1.5M | 1.5M | |
Cash And Short Term Investments | 22.2M | 8.7M | 6.6M | 3.4M | 135.0M | 141.8M | |
Net Receivables | 279K | 1.1M | 364K | 291K | 864K | 820.8K | |
Liabilities And Stockholders Equity | 410.7M | 377.4M | 401.7M | 413.3M | 551.8M | 336.9M | |
Non Current Liabilities Total | 645K | 541K | 413K | 3.3M | 128K | 121.6K | |
Inventory | (373.5M) | (346.7M) | (368.1M) | (382.2M) | (386.7M) | (367.4M) | |
Other Current Assets | 375.3M | 347.6M | 368.2M | 382.2M | 387.2M | 406.6M | |
Other Stockholder Equity | 14.2M | 16.5M | 15.3M | 15.5M | 11.5M | 10.9M | |
Total Liab | 56.1M | 56.8M | 54.0M | 50.2M | 33.5M | 31.8M | |
Total Current Assets | 22.2M | 9.8M | 6.9M | 3.7M | 135.9M | 68.8M | |
Short Term Investments | 373.5M | 346.7M | 368.1M | 382.2M | 386.7M | 231.9M | |
Short Long Term Debt Total | 645K | 541K | 413K | 261K | 128K | 121.6K | |
Other Current Liab | (2.1M) | (2.3M) | (3.6M) | (3.3M) | (14.6M) | (13.9M) | |
Other Liab | 6.4M | 6.3M | 1.3M | 94K | 84.6K | 80.4K | |
Net Tangible Assets | 354.7M | 320.5M | 347.7M | 363.1M | 417.5M | 268.9M | |
Property Plant Equipment | 656K | 536K | 402K | 261K | 234.9K | 223.2K | |
Long Term Investments | 385.8M | 366.9M | 394.3M | 409.1M | 414.3M | 333.4M |
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