Westaim Total Other Income Expense Net vs Selling General Administrative 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 Total Other Income Expense Net and its Selling General Administrative 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.

Total Other Income Expense Net vs Selling General Administrative

Total Other Income Expense Net vs Selling General Administrative Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Westaim Corp Total Other Income Expense Net account and Selling General Administrative. At this time, the significance of the direction appears to have weak contrarian relationship.

The correlation between Westaim Corp's Total Other Income Expense Net and Selling General Administrative is -0.1. Overlapping area represents the amount of variation of Total Other Income Expense Net that can explain the historical movement of Selling General Administrative 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 Total Other Income Expense Net and Selling General Administrative is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Other Income Expense Net of Westaim Corp are associated (or correlated) with its Selling General Administrative. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Selling General Administrative has no effect on the direction of Total Other Income Expense Net i.e., Westaim Corp's Total Other Income Expense Net and Selling General Administrative go up and down completely randomly.

Correlation Coefficient

-0.1

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Total Other Income Expense Net

Selling General Administrative

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

	Total Assets	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Intangible Assets	Short Term Investments	Short Long Term Debt Total	Other Current Liab	Other Liab	Net Tangible Assets
Total Assets		0.59	0.6	0.35	0.08	-0.18	0.58	-0.08	0.96	-0.05	-0.05	-0.08	0.84	0.05	0.87	-0.05	0.13	0.8	0.9	0.44	0.13	0.1	-0.05	-0.19	-0.08	0.03
Total Current Liabilities	0.59		0.25	0.91	-0.45	-0.07	0.97	0.45	0.37	0.18	-0.1	0.45	0.76	-0.46	0.61	0.51	-0.26	0.83	0.62	0.92	-0.61	-0.49	-0.05	-0.09	0.01	-0.36
Total Stockholder Equity	0.6	0.25		-0.01	-0.18	0.64	0.23	0.24	0.54	-0.54	0.1	0.24	0.18	0.67	0.19	-0.66	0.64	0.15	0.24	0.13	0.06	0.57	-0.52	-0.65	-0.16	0.65
Property Plant And Equipment Net	0.35	0.91	-0.01		-0.39	-0.17	0.92	0.37	0.12	0.28	-0.22	0.37	0.62	-0.58	0.42	0.63	-0.36	0.73	0.44	0.86	-0.82	-0.6	-0.1	0.05	0.13	-0.45
Net Debt	0.08	-0.45	-0.18	-0.39		-0.5	-0.53	-0.97	0.31	0.27	0.42	-0.97	0.06	0.29	0.11	-0.3	-0.1	-0.09	0.1	-0.67	0.49	0.44	0.41	0.61	0.44	0.19
Retained Earnings	-0.18	-0.07	0.64	-0.17	-0.5		-0.06	0.57	-0.26	-0.63	0.02	0.57	-0.5	0.62	-0.55	-0.61	0.59	-0.48	-0.51	-0.02	-0.16	0.48	-0.66	-0.73	-0.2	0.68
Accounts Payable	0.58	0.97	0.23	0.92	-0.53	-0.06		0.51	0.34	0.09	-0.32	0.51	0.73	-0.5	0.6	0.54	-0.22	0.83	0.61	0.96	-0.62	-0.53	-0.17	-0.22	-0.1	-0.39
Cash	-0.08	0.45	0.24	0.37	-0.97	0.57	0.51		-0.31	-0.24	-0.37	1.0	-0.04	-0.22	-0.13	0.24	0.01	0.06	-0.12	0.66	-0.51	-0.4	-0.37	-0.61	-0.32	-0.14
Non Current Assets Total	0.96	0.37	0.54	0.12	0.31	-0.26	0.34	-0.31		-0.06	0.03	-0.31	0.76	0.16	0.84	-0.18	0.19	0.69	0.87	0.19	0.36	0.24	0.02	-0.11	-0.08	0.09
Non Currrent Assets Other	-0.05	0.18	-0.54	0.28	0.27	-0.63	0.09	-0.24	-0.06		0.36	-0.24	0.34	-0.56	0.26	0.54	-0.72	0.28	0.19	0.14	-0.14	-0.48	0.78	0.78	0.53	-0.51
Other Assets	-0.05	-0.1	0.1	-0.22	0.42	0.02	-0.32	-0.37	0.03	0.36		-0.37	-0.08	0.3	-0.13	-0.33	0.05	-0.2	-0.17	-0.38	0.16	0.34	0.46	0.52	0.43	0.33
Cash And Short Term Investments	-0.08	0.45	0.24	0.37	-0.97	0.57	0.51	1.0	-0.31	-0.24	-0.37		-0.04	-0.22	-0.13	0.24	0.01	0.06	-0.12	0.66	-0.51	-0.4	-0.37	-0.61	-0.32	-0.14
Net Receivables	0.84	0.76	0.18	0.62	0.06	-0.5	0.73	-0.04	0.76	0.34	-0.08	-0.04		-0.41	0.96	0.43	-0.37	0.97	0.95	0.63	-0.15	-0.38	0.27	0.15	0.09	-0.45
Common Stock Shares Outstanding	0.05	-0.46	0.67	-0.58	0.29	0.62	-0.5	-0.22	0.16	-0.56	0.3	-0.22	-0.41		-0.36	-0.98	0.7	-0.51	-0.32	-0.59	0.39	0.94	-0.45	-0.36	0.07	0.93
Non Current Liabilities Total	0.87	0.61	0.19	0.42	0.11	-0.55	0.6	-0.13	0.84	0.26	-0.13	-0.13	0.96	-0.36		0.36	-0.24	0.93	1.0	0.5	0.08	-0.31	0.29	0.09	-0.08	-0.43
Inventory	-0.05	0.51	-0.66	0.63	-0.3	-0.61	0.54	0.24	-0.18	0.54	-0.33	0.24	0.43	-0.98	0.36		-0.72	0.53	0.32	0.62	-0.46	-0.96	0.41	0.36	-0.03	-0.94
Other Current Assets	0.13	-0.26	0.64	-0.36	-0.1	0.59	-0.22	0.01	0.19	-0.72	0.05	0.01	-0.37	0.7	-0.24	-0.72		-0.29	-0.17	-0.31	0.24	0.67	-0.67	-0.6	-0.41	0.68
Other Stockholder Equity	0.8	0.83	0.15	0.73	-0.09	-0.48	0.83	0.06	0.69	0.28	-0.2	0.06	0.97	-0.51	0.93	0.53	-0.29		0.93	0.73	-0.26	-0.47	0.15	0.06	-0.05	-0.51
Total Liab	0.9	0.62	0.24	0.44	0.1	-0.51	0.61	-0.12	0.87	0.19	-0.17	-0.12	0.95	-0.32	1.0	0.32	-0.17	0.93		0.5	0.07	-0.27	0.2	0.03	-0.09	-0.39
Total Current Assets	0.44	0.92	0.13	0.86	-0.67	-0.02	0.96	0.66	0.19	0.14	-0.38	0.66	0.63	-0.59	0.5	0.62	-0.31	0.73	0.5		-0.6	-0.63	-0.1	-0.23	-0.13	-0.45
Intangible Assets	0.13	-0.61	0.06	-0.82	0.49	-0.16	-0.62	-0.51	0.36	-0.14	0.16	-0.51	-0.15	0.39	0.08	-0.46	0.24	-0.26	0.07	-0.6		0.52	0.26	0.02	-0.17	0.28
Short Term Investments	0.1	-0.49	0.57	-0.6	0.44	0.48	-0.53	-0.4	0.24	-0.48	0.34	-0.4	-0.38	0.94	-0.31	-0.96	0.67	-0.47	-0.27	-0.63	0.52		-0.36	-0.25	0.1	0.93
Short Long Term Debt Total	-0.05	-0.05	-0.52	-0.1	0.41	-0.66	-0.17	-0.37	0.02	0.78	0.46	-0.37	0.27	-0.45	0.29	0.41	-0.67	0.15	0.2	-0.1	0.26	-0.36		0.77	0.25	-0.48
Other Current Liab	-0.19	-0.09	-0.65	0.05	0.61	-0.73	-0.22	-0.61	-0.11	0.78	0.52	-0.61	0.15	-0.36	0.09	0.36	-0.6	0.06	0.03	-0.23	0.02	-0.25	0.77		0.58	-0.34
Other Liab	-0.08	0.01	-0.16	0.13	0.44	-0.2	-0.1	-0.32	-0.08	0.53	0.43	-0.32	0.09	0.07	-0.08	-0.03	-0.41	-0.05	-0.09	-0.13	-0.17	0.1	0.25	0.58		0.11
Net Tangible Assets	0.03	-0.36	0.65	-0.45	0.19	0.68	-0.39	-0.14	0.09	-0.51	0.33	-0.14	-0.45	0.93	-0.43	-0.94	0.68	-0.51	-0.39	-0.45	0.28	0.93	-0.48	-0.34	0.11

Click cells to compare fundamentals

Westaim Corp Account Relationship Matchups

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

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.

Explore Investing Ideas

Additional Tools for Westaim Stock Analysis

When running Westaim Corp's price analysis, check to measure Westaim Corp's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Westaim Corp is operating at the current time. Most of Westaim Corp's value examination focuses on studying past and present price action to predict the probability of Westaim Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Westaim Corp's price. Additionally, you may evaluate how the addition of Westaim Corp to your portfolios can decrease your overall portfolio volatility.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC